The Business Times, 5 June 1993
1993-06-05
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The Business Times
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Title Section14 1993-06-05 1 Business Times MITA (P) 552/12/92 Weekend Edition, June 5-6 1993 WE KNOW ASIA 75*14 words
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Article, Illustration583 1993-06-05 1 Lee Han Shih - By Lee Han Shih SINGAPORE In response to the rush to buy private homes, the government yesterday launched a major effort to convince Singaporeans that there is enough land to more than satisfy housing demand. Wang Mong Lin, director ofSource: URA - 583 words
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Article, Illustration577 1993-06-05 1 Harish Mehta - From Harish Mehta in PHNOM PENH PRINCE Norodom Sihanouk's hurriedly-formed National Government of Cambodia (NGC) collapsed yesterday after holding power for less than a day. Conceived as an interim government till a new Cambodian government is installed in three months'577 words
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509 1993-06-05 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR MALAYSIAN Airline System Bhd (MAS), which turned in a profit for its 1992/93 financial year only because of aircraft sales, said it is considering suspending some loss-making international routes and curtailing frequencies of its domestic services509 words
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Article, Illustration51 1993-06-05 1 WITH pollsters saying Prime Minister John Major's popularity to he at low ebb, British bookmakers are thumbing their books. They arc offering odds against Mr Major remaining in office at the next election, the first time they say odds arc offered for such an51 words
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259 1993-06-05 1 Knight-Ridder TAIPEI China will abolish foreign exchange certificates (FECs) today to make the domestic currency, the renminbi, the country's sole unit of money, the Ming Pao Daily of Hongkong reported in its Thursday edition. The report, monitored by a Taipei daily, cited unnamed Chinese governmentKnight-Ridder - 259 words
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144 1993-06-05 1 AFP TOKYO Japan's Finance Minister Yoshiro Hayashi ruled out additional economic measures yesterday despite growing demand for further efforts to stimulate the economy and pare the country's huge trade surplus. "I don't think it is needed at this moment," Mr Hayashi toldAFP - 144 words
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2am LATEST
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59 1993-06-05 1 AP UNITED NATIONS The Security Council yesterday decided to send thousands of troops to guard six Bosnian cities, though critics say the plan will only create Muslim ghettos and do little to stop Serb aggression. The vote was 13-0, with two abstentionsAP - 59 words
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86 1993-06-05 1 Reuter PARIS Western energy ministers yesterday agreed to build up oil stocks to improve their ability to deal with oil supply crises, but failed to make much progress on the more difficult issue of protecting the environment. The ministers, meeting underReuter - 86 words
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68 1993-06-05 1 Knight Ridder BRUSSELS Diplomats are pulling out the stops to have a trade agreement with Russia on the table and ready to sign at the Copenhagen summit from June 21-22. To this end, EC Trade Commissioner Leon Brittan flew to Moscow yesterdayKnight Ridder - 68 words
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Article, Illustration115 1993-06-05 1 Stock market indices Friday Change Sill 1870.88 +1.40 KI SE Composite 732.15 -2.91 Nikkei 20.882 24 -193.76 Hang Seng 7.157.49 +2.2 SE1 Index C losed Jakarta Composite ...349.66 -0.16 CLSA China B 1.056 62 9.65 Aust All Ord 1.741.0 unch FISE 100 2.829.9 -22.9 Friday Previous I lam115 words
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Page 1 Advertisements
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Advertisement9 1993-06-05 1 Conversations at Raffles Horiguchi MP Kimiko Kasuva el 39 words
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Advertisement44 1993-06-05 1 Shares sell-down C winters under pressure el 4 Details of sites, Page 2 Accord on coalition government soon, Pg 3 Bookmakers' odds. Back Page I amont's revenge. Page 4 HOCK LOCK SIKW Will Kcppcl Bank get a reciprocal stake in Southern Bank? Pg 544 words
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Advertisement228 1993-06-05 1 Superstars and sports What's dreg Norman doing in China? el 6-7 Equity markeJbrd r 4 The seH-in-Ma \\fwjcvv el s Yuan devaluation may curb China's rising oil demand, Pg 9 Since 1735 there has never been a quartz Blancpain watch. And there never will be. The ultra-slim watch Expressing the228 words
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Advertisement48 1993-06-05 1 CONTENTS £pwe News 2 fpwSrsa*.— 5.6 Regional News 3 financial 8 World New Faatarw MiiMt n Q4.5 Oob/KLSL SES 13 Reviews 16.7 Regnnal Wort) —11 Sports 15.16 Correnoes 10 TV lifestyle Ell 2 Smo/Commo 10 Regional focus 17 Subserlptlee Tel fax *****75 BT Editorial Tel *****18 fat *****7148 words
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SINGAPORE NEWS
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Article, Illustration438 1993-06-05 2 Chuang Peck Ming - S'pore need not worry then about being overtaken by other countries By Chuang Peck Ming SINGAPORE will keep its flame of creativity burning and stay ahead of new competitors so long as it continues to handle well two enduring challenges438 words
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398 1993-06-05 2 Anna Teo - By Anna Teo INSTEAD of imposing their political and human rights ideals on developing countries, developed nations should be creating more favourable conditions for the developing countries to grow. Labour Minister Lee Boon Yang said yesterday in Geneva. Addressing the 80th398 words
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343 1993-06-05 2 THE goods and services tax (GST), which comes into effect next year, will mean more paper work for businesses. Richard Hale, the new chairman of the Singapore International Chamber of Commerce (SICC). said yesterday. And that, in turn, requires343 words
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275 1993-06-05 2 THE Port of Singapore Authority (PSA) yesterday signed a $4.5-million contract with Singapore Computer Systems Limited for a Mobile Radio Data Terminal System (MRDTS). The mobile data system will help to improve the authority's pilotage and tug services. It provides a link between275 words
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468 1993-06-05 2 CiOVLRNMLNT land sale this year will generate some 3,056 units, of which 1.328 units will he landed properties. In the next two years, more sites for landed property will be released. This was disclosed by Ministry of National Development director of strategic planning468 words
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Article, Illustration303 1993-06-05 2 BRITISH and Singaporean companies are exploring the possibility of entering into joint-venture projects in China. Vietnam and the Philippines, said a top British minister yesterday. Such co-operation reflects Britain's determination to take "a more aggressive stance" in the Asean region. British Minister303 words
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Article, Illustration311 1993-06-05 2 WESTERN Australian officials hope thai Singaporeans will increase their investments in the state beyond the property market, and look at opportunities in other areas. These includc sectors such as food processing, tourism, education and health services, WA Minister for Commerce311 words
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Page 2 Advertisements
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THE REGION
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534 1993-06-05 3 Alan Boyd - Strong foreign interest shows many stocks are undervalued, say brokers From Alan Boyd in Bangkok OVERSEAS INVESTMENT in the Thai stock market soared more than 600 per cent in the four months to April, in contrast to the mass desertion by disillusioned534 words
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327 1993-06-05 3 Reuter TOKYO A request by the European Commission to reopen talks on cutting Japanese car exports to Europe received no official response from Tokyo yesterday, though it prompted private complaints from weary civil servants. EC officials in Brussels said onReuter - 327 words
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338 1993-06-05 3 Reuter CANBERRA Foreign Minister Gareth Evans said yesterday that Australia had no intention of sacrificing its credibility by backing down in its air services war with the United States. "Unless we're to sacrifice all our credibility in futureReuter - 338 words
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Article, Illustration367 1993-06-05 3 AP PRINCETON, New Jersey Student leaders of China's Tiananmen Square protests say their influence is as potent today as it was in the spring of 1989, when tanks and soldiers quelled their pro-democracy demonstrations. "If people in China could participate inAP; Reuter - 367 words
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225 1993-06-05 3 Reuter TOKYO Japan will adopt a five-year programme to recycle US$l2O billion (S$ 192.5 billion) of its trade surplus to developing countries from this year, the Kyodo news agency reported. Kyodo quoted a government source as saying the programme, to be approvedReuter - 225 words
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390 1993-06-05 3 Stephen Vines - From Stephen Vines in HONGKONG AFTER a break of more than seven months, British and Chinese negotiators resumed talks yesterday on the financing of Hongkong's controversial HK$ 163.7 billion (SS34 billion) airport project. Although Britain appears to have made substantial concessions in390 words
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343 1993-06-05 3 NYT PHNOM PENH Yasushi Akashi, head of the United Nations Transitional Authority in Cambodia (Untac), yesterday said in an exclusive interview with the Asahi Shimbun that the Cambodian People's Party (CPP) and the royalist Funcinpec party, the two major parties inNYT - 343 words
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ASIA NOTES
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92 1993-06-05 3 HONGKONG China had US$3.4 billion (555.4 billion) invested in the United States bond market at the end of last year, or 10 times more than at the end of 1991, according to a report from the Hongkong-based China News Service. The sharp increase signals92 words
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79 1993-06-05 3 Reuter CANBERRA Fewer foreigners are moving to Australia, pushing population growth to its lowest level in 14 years The Australian Bureau of Statistics reported yesterday that Australia's population grew 1.1 per cent to 17.568,700 in 1992 after a 1.2 per cent growth in 1991. ThisReuter - 79 words
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86 1993-06-05 3 Reuter WELLINGTON New Zealand's adjusted Budget deficit excluding capital items, was NZ51,134 billion (***** million) in the 10 months to April 30 against a projected shortfall of NZ51,696 billion, the Treasury said. The figure takes into account currency realignments. The Treasury said actual taxReuter - 86 words
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Article, Illustration59 1993-06-05 3 Reuter JAKARTA Keepers holding lion cubs in an enclosure in Indonesia's safari park in West Java yesterday. At least 27 lions have been born at the zoo in the past three months. The park's owners, pressed for space, said they would let the cubs out forReuter - 59 words
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124 1993-06-05 3 Bernama KUALA LUMPUR Malaysia and Vietnam yesterday signed and exchanged diplomatic notes on exploration and exploitation of petroleum in a defined area of their common waters. Foreign Ministry Secretary-General Ahmad Kamil Jaafar signed on behalf of the Malaysian government while Vietnam was represented byBernama - 124 words
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73 1993-06-05 3 Bcrnama COLOMBO Sri Lanka has sought Indian help in the investigations into the May 1 assassination of President Ranasinghc Premadasa, a senior police official said on Thursday. "The only other similar case is the Rajiv Gandhi assassination and our colleagues in Tamil Nadu shouldBcrnama - 73 words
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351 1993-06-05 3 AFP TAIPEI Taiwan's export growth in the first quarter of this year was well behind its three major competitors in Asia, with the annual rise hitting a low for the past 12 months of 5.1 per cent, officials said. The annual growth rateAFP - 351 words
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Page 3 Advertisements
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Advertisement9 1993-06-05 3 A PAIOTY 30 o>c> 300 3000, m Do it9 words
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THE WORLD
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WORLD WATCH
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94 1993-06-05 4 Reuter BONN West German unemployment is set to continue rising into 1994 despite a larger than expected decline in short-time working and a fall in unadjusted joblessness in May, economists said yesterday. "These are purely seasonal factors. As far as the economy asReuter - 94 words
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76 1993-06-05 4 Reuter BERNE Switzerland's gross domestic product (GDP) fell a seasonally adjusted annualised 1.1 per cent in the first quarter of this year compared with the previous quarter and also declined 1.1 per cent compared with first-quarter 1992, the Federal Office for Economic QuestionsReuter - 76 words
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Article, Illustration33 1993-06-05 4 Reuter CHICAGO Panasonic introduced the Wrist Communicator at the Summer Consumer Electronics Show here on Thursday. The device is a wrist watch-sized analog cordless telephone for office use. ReuterReuter - 33 words
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78 1993-06-05 4 AP BERLIN Police have arrested three more suspects in the firebombing deaths of five Turks, security sources said yesterday. A 16-year-old youth already has been charged in the attack in the city of Solingen. The sources said the latest suspects include another 16-year-oldAP - 78 words
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77 1993-06-05 4 AFP MONTEVIDEO President Luis Alberto Lacalle will leave for London this weekend to promote British investment in Uruguay, Foreign Ministry officials said on Thursday. Mr Lacalle is the first Uruguayan leader to make an official visit to Britain. He leaves today and will travel withAFP - 77 words
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90 1993-06-05 4 Reuter JERUSALEM Israel plans to use loans guaranteed by the l|S to help build a road network tightening links between Israel and the occupied Arab territories, the Jerusalem Post newspaper said yesterday. It quoted Arye Mizrahi, the newly appointed director general ofReuter - 90 words
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59 1993-06-05 4 AFP WASHINGTON The US government is probing charges that six airlines sold tens of thousands tickets to Lebanon, violating a 1985 presidential directive banning flights there. The Department of Transportation said on Thursday that the airlines had been told to cancel all reservations toAFP - 59 words
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534 1993-06-05 4 Neville Stack - From Neville Stack in LONDON EVEN AS he broke a Gallup poll record for political unpopularity, Premier John Major may be dealt a new blow by Norman Lamont, the man he sacked as chancellor. According to a source, Mr Lamont is already534 words
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570 1993-06-05 4 IHT PARIS Worried that the American economic recovery remains uncomfortably weak, the Clinton administration is leaning towards a proposal to delay some of the tax increases contained in its US$5OO billion (SSBO2 billion) deficit reduction package. Treasury Secretary Lloyd Bentsen said in anIHT - 570 words
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481 1993-06-05 4 AP WASHINGTON The US unemployment rate declined to 6.9 per cent in May as a surge in construction jobs helped to drive the jobless rate to its lowest level in 18 months, the government said yesterday. The Labour Department said the improvement followedAP - 481 words
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Article, Illustration40 1993-06-05 4 Reuter OSTEND, Belgium Tugboats spraying the BP-owned oil tanker British Trent on Thursday after it was set ablaze during a collision with a cargo ship off the Belgian coast. At least seven crewmen died. ReuterReuter - 40 words
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493 1993-06-05 4 Reuter BRUSSELS The West is increasingly worried by the prospect that Ukraine could become a nuclear power on an already troubled European continent by reneging on its pledge to give up arms that once belonged to the Soviet arsenal. Nato, Britain andReuter - 493 words
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346 1993-06-05 4 Reuter LONDON Travellers at Britain's two main airports faced delays and disruption yesterday after a peace settlement late on Thursday failed to prevent British Airways staff staging a 24-hour strike from midnight. Local union representatives for 17,000 BA staff, confirmingReuter - 346 words
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237 1993-06-05 4 AP MOSCOW President Boris Yeltsin directed his cabinet on Thursday to hurry up and finalise talks on the terms of Russia's full membership in the General Agreement on Tariffs and Trade. A spokesman for Mr Yeltsin said he had told his ministers toAP - 237 words
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370 1993-06-05 4 Reuter PARIS French Prime Minister Edouard Balladur told the Clinton administration on Thursday that France will not sacrifice European jobs for the sake of a world trade agreement. Aides said Mr Balladur made the remark at a meeting with Treasury Secretary LloydReuter - 370 words
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COMPANIES & MARKETS
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480 1993-06-05 5 Lee Han Shih - By Lee Han Shih SINGAPORE A week after it gained effective control of locally-listed Cycle Carriage Ltd (CCL), the Jardine group yesterday also took effective control of CCL's Malaysian associate. Cycle Carriage Bintang (CCB). Jardines yesterday bought 12 million CCB shares480 words
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404 1993-06-05 5 Genevieve Cua - By Genevieve Cua SINGAPORE Food group Cerebos Pacific posted strong profit growth at half-time despite ongoing currency translation losses. Net earnings rose 20 per cent to $29.3 million, fuelled mainly by strong contributions from Asian operations, particularly its flagship label Brand's chicken essence.404 words
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444 1993-06-05 5 A J Leow - By A J Leow SINGAPORE Bonvests Holdings' flagship commercial property Liat Towers continued to generate most of the group's profit last year. In its annual report, Bonvests says the Orchard Road property had a 97 per cent occupancy rate in 1992. Overall, Bonvests444 words
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206 1993-06-05 5 SINGAPORE The Keppel group has stressed that it is serious about its takeover bid for Resources Development Corporation (RDC). A Keppel spokeswoman said this yesterday in response to BT*s Hock Lock Siew column on Wednesday which questioned the group's206 words
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642 1993-06-05 5 Alvin Tay - HOCK LOCK SiEW By Alvin Tay SINGAPORE Something else could be brewing between Keppel Bank and Southern Bank in Malaysia. But both parties are just not talking. On Wednesday, Keppel Bank placed out 10 million of its own642 words
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508 1993-06-05 5 Dexter Lee - By Dexter Lee SINGAPORE Singapore Airlines has finally decided to consider taking an equity stake in Australian carrier Ansett Airlines after months of speculation Down Under. The Singapore national carrier had until now denied any interest in investing in Ansett. Discussions between508 words
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Article, Illustration359 1993-06-05 5 Source: Bridge Info Performance of STII's Index stocks Jun 4 Last Seasc Isdrx Stork salt Cbgc factor motets <$> (S) A* imo 2.220 -0030 I 66 -30 00 CAC 7 100 0150 531 ***** Ccrctoos 5 150 3.85 FAN 12 600 0 200 9 42 200 00 GF AsiaSource: Bridge Info - 359 words
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241 1993-06-05 5 SINGAPORE Listed Summa Investments Ltd. controlled by Indonesia's Soeryadjaya family, lifted net earnings 19 per cent to $3.35 million in the year to March 31. But the increase appears modest, given that turnover soared 73 per cent to $46 million. Extraordinary items added241 words
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COMPANIES
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COMPANY BRIEFS
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72 1993-06-05 6 Bernama PETALING JAYA IJM Corporation Bhd, which is actively involved in civil and building construction in Malaysia, has secured a Ms6o million (5537.8 million) drainage and irrigation contract in Pakistan as part of its overseas venture. Speaking to reporters after the company's annual generalBernama - 72 words
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Article62 1993-06-05 6 Bernama KUALA LUMPUR Kemayan Oil Palms Bhd has proposed the purchase of the entire block of Menara Hartamas Tower 3 at Bukit Kiara from the developer, Universal Star (M) Sdn Bhd, for MS 17.2 million (SSIO.B million). The block consisted of 38 apartment units, saidBernama - 62 words
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76 1993-06-05 6 Bernama KUALA LUMPUR Kulim (Malaysia) Bhd is poised for better performance from its oil-palm division in 1993, chairman Mohd Ali Hashim said in the 1992 annual report. He attributed this optimism to the long-term prospects which looked increasingly favourable for palm oil, with health-consciousBernama - 76 words
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Article72 1993-06-05 6 Bernama KUALA LUMPUR Some 50 Malaysian companies are keen to invest in Tianjin, a Tianjin government official said yesterday. Another 50 firms were planning to visit Tianjin to gather more information before making any commitment, Gao Luan. deputy chief of the foreign economy sectionBernama - 72 words
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74 1993-06-05 6 Bernama KUALA LUMPUR Malaysian General Investment Corporation Bhd has posted a 121.1 per cent jump in group pre-tax profit to M 52.23 million (551.40 million) for the year ended Dec 31, 1992, compared with MSI.OI million recorded in 1991, Announcing its unaudited results hereBernama - 74 words
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76 1993-06-05 6 Bernama KUALA LUMPUR Khong Guan Holdings Malaysia Bhd expects to perform better in the current year. Expectations of a high level of growth for the economy would augur well for the group, chairman William Tan said. He said in the 1992 annual report thatBernama - 76 words
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Article, Illustration336 1993-06-05 6 A J Leow - By A J Leow SINGAPORE The Four Seasons Regent hotel group plans to add 12 to 15 new properties worldwide in the next five years. Chairman Isadore Sharp said this week that the establishments would be in addition to eight new hotels already336 words
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572 1993-06-05 6 Stephen Vines - From Stephen Vines in HONGKONG THE Shanghai Petrochemical Complex has cleared the Hongkong Stock Exchange's major regulatory hurdles and is set to become the first Chinese state-owned company to be listed on the colony's stock market. Although speculation about572 words
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318 1993-06-05 6 Bloomberg Business News HONGKONG An initial public offer of shares by luxury hotel group Shangri-La Asia has been subscribed by around 91 times, according to officials at the company and the issue's manager, Schroders Asia. "It is certainly well over 50 times butBloomberg Business News - 318 words
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378 1993-06-05 6 Maggie Ford - From Maggie Ford in JAKARTA GOOD NEWS on inflation and trade along with expectations of economic recovery and lower interest rates are providing a welcome boost to the Jakarta stock market. But brokers do not expect the rally over the last two weeks, which378 words
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366 1993-06-05 6 FT AMSTERDAM KLM Royal Dutch Airlines swung into a heavy loss of 562 million florins (SSSOO million) last year, partly because of a trend among passengers to choose tourist class over business and first class. Losses also continued at Northwest,FT - 366 words
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224 1993-06-05 6 Reuter HONGKONG The Shenzhen Stock Exchange will require companies with listed 'B' shares to disclose information simultaneously in China and abroad, an official Shenzhen newspaper said. The Shenzhen Special Zone Daily said the exchange issued a notice on June 1 requiringReuter - 224 words
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Article452 1993-06-05 6 UNIT TRUSTS FUNDS prim Jun 5 7 hnurmce Fund Sing|pgr6 IMt Tract Income Bond Policy 3.30 3.42 The Commerce 1.38 l.45*d PllldCllllli The Savinp Fund 1.24 1 30 PniLmk Mfd Fund 1.15 121 S pore Pre* Fund 0.57 0 60 U1B S pore See Fund 0.93 098 PWKA-OUBUpiltri S pore452 words
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Article1200 1993-06-05 6 Payment Ex Books Pay date close date Acma F 7.5 Jun 10 Jun 22 Jul S Apollo F 2.5 Jun 21 Jun 23 Jul IS B Raya F 3 May 2S Jun 9 Jul 8 Bonvcsts 50* b 3 Jun 21 Jun 25 Jul 6 CScC I 51,200 words
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FINANCE
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357 1993-06-05 8 AFP TOKYO Japanese buying of foreign securities swung to an 18-month high of USS9.4 billion (5515.1 billion) in April as foreign bond purchases leapt to their highest level since late 1991, the finance ministry said on Thursday. But net buying of JapaneseAFP - 357 words
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204 1993-06-05 8 SINGAPORE The Singapore International Monetary Exchange continues to chalk up records. The daily average number of contracts traded during May was 65.646. This surpassed the previous record of 64.525. set in March this year. A total of 1.31 million contracts changed hands204 words
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424 1993-06-05 8 FT LONDON The board of the London Stoek Exchange on Thursday endorsed plans for a new trading system to be developed by the exchange and Andersen Consulting after the proposed cost was cut to fend off a late bidFT - 424 words
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SMALL CHANGE
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Article, Illustration88 1993-06-05 8 Reuter MANILA Philippine Central Bank Governor Jose Cuisia (above) confirmed he has quit his post and said President Fidel Ramos accepted his resignation effective June 30. "It was more appropriate for the president to make the announcement, but now that it has come out 1Reuter - 88 words
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126 1993-06-05 8 Bloomberg Business News NEW YORK SG Warburg Group pic is being criticised byother European investment banks for allegedly trying to use unfair tactics in the July USSB billion sale of 22 per cent of state-owned British Telecom pic. for which Warburg is the leadBloomberg Business News - 126 words
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116 1993-06-05 8 Bloomberg Business News HONGKONG A fund that will invest in companies with major interests in the region around the Yellow Sea has raised around USS2B million in its initial subscription, slightly less than its initial target. The Yellow Sea Investment Co. set up byBloomberg Business News - 116 words
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111 1993-06-05 8 Reuter NEW YORK CS Holding's CS First Boston Group Inc has consolidated all major businesses on a worldwide basis including its equities and investment banking units, a First Boston spokesman said on Thursday. Completion of the business integrations was detailed in an internal memo andReuter - 111 words
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64 1993-06-05 8 Reuter MILAN Italian mutual funds reported a net inflow of 1.168 trillion lire in May, up from an inflow of 915 billion lire in April, industry assoeiation Assogestioni said in a statement. In May. new subscriptions amounted to 4.142 trillion lire, up fromReuter - 64 words
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Article81 1993-06-05 8 Bloomberg Business News MEXICO CITY Mexico's Finance Ministry has given the green light to investors to open four new banks, in a move it hopes will boost competition in the country's banking industry. The announcement comes less than a year after the government finished sellingBloomberg Business News - 81 words
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FINANCE & COMMODITIES
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494 1993-06-05 9 Reuter SINGAPORE China's effective devaluation of its currency this week may curb its rapidly rising demand for crude oil and refined product imports, oil industry sources say. The renminbi has fallen by about 25 per cent against the US dollar the mainReuter - 494 words
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Article, Illustration508 1993-06-05 9 Reuter COLOMBO Sri Lanka's tea industry, hurt by last year's drought, eould expect a quick recovery this year if the weather holds and new management delivers the goods, government and trade officials said yesterday. "I expect the tea crop toReuter - 508 words
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Article, Illustration493 1993-06-05 9 DBS Bank weekly currency review USS/DM: maintaining bearish view The greenback saw losses to 1.5815 this week before correcting to 1.6040 on Thursday. Thereafter, it eased to around the 1.5960 level yesterday morning. Although daily stochastics are oversold, the outlook remains bearish with resistance seen493 words
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228 1993-06-05 9 ENERGY REPORT KnightRidder LONDON Values for Noiih Sea dated Brent were quoted stronger yesterday against eash forward July Brent cargoes, continuing a firming trend seen through this week. Dated Brent, or Brent for loading in 15 days, was quotedKnight- Ridder - 228 words
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305 1993-06-05 9 KnightRidder KUALA LUMPUR Malaysia's palm oil output should peak in the September-October period, hut monthly gains won't he as sharp as the one that occurred in April, said an official at the state-owned Palm Oil Research Insititute. Output jumped 38 perKnight- Ridder - 305 words
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Article187 1993-06-05 9 Ridder LONDON The dollar leapt 2-1/2 pfennigs in hectic European trade after the market was shocked from its recent slumber by stronger-than-expected US jobs data. It received a further boost later in the session when a senior US treasury official said a small tightening from the Federal Reserve wouldRidder - 187 words
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Article89 1993-06-05 9 AFP NEW YORK The dollar rebounded against most major currencies yesterday following good news on the US unemployment front for May. The Labour Department reported that the jobless rate for last month fell to 6.9 per cent. At 9:lsam. the dollar was trading at 1.6150 German marks againstAFP - 89 words
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Article, Illustration1526 1993-06-05 9 haJi H«vir*f«*/ /n t i j/t nJuhJ judinxl S'fkire'% tup 14 twdinit fkirtnfts Ha* i•«•<!> /W.< US$/S$ forward rates Noon June 4 ss Bid Offer I-month I 6037 160^ month ***** I 6053 3-month I 6038 ***** 6-month ***** 1 6060 Snunr (X IK Source: OCBC FOREIGN CURRENCY NOTE RATES1,526 words
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COMMODITIES & FUTURES
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1567 1993-06-05 10 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures ended steady yesterday in light trade as dealers hugged the sidelines ahead of the release of May US non-farm payroll and unemployment figures. Traders said the data will be used to gauge the state of the economyReuter - 1,567 words
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616 1993-06-05 10 COMMODITY REPORT Tiii A HIGHER London market overnight and lower offering saw tin prices recover further from recent record lows, traders said. The metal closed 11 cents higher at MS 13.28 per kg. It had touched a fresh record low of MS 13.07 on616 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article69 1993-06-05 10 CHICAGO Volume on the Chicago Board Options Exchange rose 29 per cent in May from the previous year. May volume totalled 11.269.067 contracts, while open interest at the end of the month stood at 6.461.743. a 13 per cent increase over May 1992. S and P69 words
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Article74 1993-06-05 10 LONDON Union Miniere France and Metaleurop SA have decided jointly to close their Zinc Centre, which was aimed at promoting zinc usage in France. In a statement, the two companies said thev had decided on the action because of the "very unfavourable" outlook for the74 words
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Article74 1993-06-05 10 SANTIAGO An organisation grouping 27 major international mining companies said it had adopted a charter outlining a code of environmental prac- tices for its members. The International Council qji Metals and the Environment announced details oT the charter at a news conference here. The doco4 ment74 words
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Article64 1993-06-05 10 CHICAGO Access, the new electronic trading kid on the block, is not looking to compete wiJS Globex in gathering contracts to trade, according |a officials from Nymex. which developed Access. But Nymex officials would not rule out a future whell electronic trading systems do compete64 words
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Article56 1993-06-05 10 CHICAGO Managed Account Reports, a Newt York-based group that tracks commodity estimated a 2.1 per cent increase in its adviser index in May. Trading advisers polled bwe MAR showed returns between up 5.3 per cent amfi| down 7.3 per cent, with 53 per cent of56 words
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Article1713 1993-06-05 10 Rubber MS Commodity Exchange (futures doting as at 1pm) RSS 1 Contract (S cents/kg) ("lose Volume Open Month High Low Sett (tonnes) Interest Jul 93 132 50 132 SO 131.75 100 1*50 \ug 133 50 132.75 132.75 1.050 5.775 Sep 134 00 133 75 133 75 500 8.3251,713 words
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REGIONAL STOCK MARKETS
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Article1116 1993-06-05 11 unch Shares regained earlier losses to close virtually unchanged for the day. "The index went nowhere it was not an awe-inspiring day." said Guy Jones of Lance Jones. The index, which opened at 1742.7. dropped to 1738.8 at noon before closing at 1741.0, the same as on Thursday. Brokers1,116 words
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Article606 1993-06-05 11 +6.14 Share prices closed firmer in a technical rally boosted by the overnight rise of blue chip Philippine Long Distance Telephone Co (PLDT) in New York. The Manila Stock Exchange index inched up 6.14 points to 1.587.29. The Makati index was up 10.16 points to 1,622.08. Peter Chua, analyst606 words
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Article571 1993-06-05 11 +48.77 Stocks extended mid-morning gains to end higher across the board and turnover expanded as investors sought industrial shares, brokers said. The Weighted Index ended 48.77 points up at 4,391.50. Turnover was T524.29 billion against Thursday's T516.8 billion. A wave of buying of industrials was seen in late trade571 words
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Article261 1993-06-05 11 +7.03 Shares buoyed by firmness in two leading stocks and by encouraging news on the corporate profitability front, crept up to another 33-month high on big volume. The NZSE-40 Capital Index gained 7.03 points to close at 1,656.53. Turnover was worth NZ547.2 million. Brierley Investments again showed a261 words
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Article440 1993-06-05 11 -3 Stocks ended easier in active trading on waves of profit-tak-ing across the board, but market energy remained strong with rising customer deposits at brokerage houses, brokers said. They forecast financial counters would gain momentum tomorrow and next week. "Institutional investors got rid of a large number of shareholdings440 words
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Article106 1993-06-05 11 +83 Stocks rose yesterday on aggressive buying from foreign institutions in Bombay, traders said. The outlook remains optimistic, they said. "The market is expected to look up, especially if the halfyear results of blue chip companies turn out to be good." said Mahendra Kampani of JM Financial Consultants, Bombay.106 words
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WORLD STOCK MARKETS
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Article604 1993-06-05 11 •22.9 Shares closed lower as good US employment figures sparked talk of a possible rise in US interest rates, sending bonds and stocks reeling on Wall Street. The FTSE 100 closed 22.9 points lower at 2,829.9, at the bottom of the day's 24-point range. The index showed a modest604 words
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Article141 1993-06-05 11 -8.23 Shares drifted lower to finish below Thursday's close on selling before the weekend and heavy losses suffered by some CAC-40 index stocks, dealers said. They said shares prices should drift again next week since interest in the market was still limited. One dealer said he saw the CAC-40141 words
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Article172 1993-06-05 11 +8.23 Shares were seen likely to continue to rise again next week, building on the steady pins posted over the last few days, as the market's general stability would attract buyers into the market, dealers said. The 30-share DAX closed yesterday 8.23 points higher at 1,637.85. Frankfurt Jm 4172 words
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Article129 1993-06-05 11 -15 Stocks slumped for the third day running as caution ahead of this weekend's elections was combined with disappointing results from General i and bad car sales figures, traders said. The Milan market's MIB Index ended down 15 points, or 1.26 per cent, at 1174. On Thursday, it slumped129 words
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Article170 1993-06-05 11 -3.65 Shares edged up from their lowest levels by the end of trade, boosted by a surprise surge in the dollar after positive non-farm payroll figures. But investors remained cautious amid the poor outlook for European economies. Dealers saw the market spending another calm next week. "It's very difficult170 words
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Article264 1993-06-05 11 -0.18 Shares ended quietly directionless, with nervous sentiment as the German recession overshadows the Dutch economy, but technically sideways in the shortterm. The EOE index ended at 306.93, down 0.18. Philips was the busiest share, 0.30 up at 27.30 guilders, aided by press comment about recent CD-I deals. "Technically,264 words
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Article273 1993-06-05 11 13.5 Boosted by a late rally, Swiss shares ended near the day's highs, with both the SMI and SPI indices achieving record closing highs. Dealers said there was still a lot of liquidity in the market, which made a significant fall unlikely. "A technical consolidation or even a correction273 words
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Article302 1993-06-05 11 +23 Gold shares made little attempt to track the gold price higher in mostly quiet trade as investors preferred to reduce exposure to the metal ahead of the weekend. The Gold Index ended five points up at 1,756 and the Industrial Index managed a steady 23-point gain to 4,537.302 words
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Article383 1993-06-05 11 15.19 Stocks opened moderately stronger as gold shares again led gains across most sectors despite a flat opening in the US, dealers said. Traders said the collapse of Ontario's "social contract" talks with unions on cutting Cs2.o billion in wages had little effect on trade. US unemployment data weakened383 words
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Article815 1993-06-05 11 -8.58 Stocks were lower in early morning trading, after the publication of surprisingly robust employment data followed by a disappointing report on factory orders. At 1 lam, the Dow Jones industrial average was down 5.26 points to 3,539.61 after one hour of trading. Volume on the New York815 words
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Article815 1993-06-05 11 Britannia Funds Sterling Cash Bid Olfcr Mim ap Orpout 3» 6400 3* 6500 Mini J«f*> Gik 0 189) 0 1992 Mim Mat Incumr .***** I 0000 (JS$ Cask Income Plus Fund 10 MOO *****0 PS Rner\e Fund 5 2000 J 2100 Slcriiag tqah Euro Performance .0.4592 0 4938 Far Ea«815 words
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Article, Illustration3223 1993-06-05 12 Bloomberg Business News STOCK PKICfcS ended mixed as hopes of a quick breakthrough in the Si noBritish dispute over how to finance Hongkong's new airport project were dashed, bringing the market down from early highs, traders and analysts said. The Hang Seng index of top shares finished up 2.2Bloomberg Business News; Source: Bridge Info - 3,223 words
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Article, Illustration419 1993-06-05 12 THE Shanghai A market had a relatively quiet day yesterday, the index closing 1.15 per cent down. The Shanghai B market finally saw some buying from foreign investors in the afternoon. The B index was up 5 per cent and closed at 757.58. No 2 TM, Tyre Rubber and419 words
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Article, Illustration2558 1993-06-05 12 Reuter STOCKS ended lower after a seesaw session. Profit-taking wiped away early gains and stemmed a threeday rise. Position adjustments ahead of the weekend also dampened prices but downward pressure from arbitrage unwinding was dissipating, brokers said. "There wasn't enough momentum to boost the whole market to new year-highs,Reuter; Source: Bridge Info - 2,558 words
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Article, Illustration1756 1993-06-05 12 Source: Bridge Info Vol Jm 3 Baht High Lot! ("00) PI \J PlW 26 50 0 5 27 00 26 00 104 117 Vdkimon Sev 199 00 600 ***** 192 00 421 •7.3 Kokjm Thai 5200 t 200 5)00 49 00 3293 na ¬iM ***** 4 400 ***** 141Source: Bridge Info - 1,756 words
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Article, Illustration1087 1993-06-05 12 Reuter SHARE PRICES closed yesterday's half-day session mixed in moderate trade, brokers said. "Continued buying interest Irom foreigners sustained prices although light profit-taking from locals dampened a further rise in the index." a dealer with a foreign brokerage said. Dealers also said that speculation about possible regulations on increasingReuter; Source: Bridge Info - 1,087 words
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Article, Illustration2590 1993-06-05 13 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Hromct 10.825.000 Kcnong Bhd 50c 8.474 000 FAt'B 50c 4.927.000 Bcrma Group 4.401 000 ldmHvd50c 4 781(100 Faber Group 3.442.000 IndOxyrnMV J. 120.000 Mctropfct 54X V168 000 Mulpha Inll 50c *****0 MBf Hide 50c 2.929 000 MBf ap.ul 2.878.000Source: Bridge Info - 2,590 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5282 1993-06-05 13 Bernama SHARE PRICES rebounded from their lows to close mixed, aided by bargain-hunting activity in the afternoon. The 85-counter KLSE Composite Index see-sawed throughout the day before closing at 732.15, down 2.91 points from Thursday's level. The key index moved in the minus zoneBernama; Source: Bridge Info - 5,282 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1096 1993-06-05 14 Kooi Cho Feng - By Kooi Cho Feng SINGAPORE Blue-chip stocks in the local stock market rebounded yesterday after Thursday's widespread losses. Reflecting gains across the board, the broad-based BT Composite Index rose 7.99 points to 1.533.84. The 30-component Straits Times Industrials Index started on a weak noteSource: Bridge Info - 1,096 words
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Article, Illustration72 1993-06-05 14 Quak Hing Whai - I HOT STOCK Quak Hing Whai SINGAPORE Paper Products is a heavily over-bought stock, having doubled in value in five months. The weekly RSI and stochastics. which have reached almost 100, are declining, displaying signs of a bearish divergence. The daily chart for the toppish stock shows an immediateSOURCE: BRIDGE INFO - 72 words
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Article6134 1993-06-05 14 MAW BOARD Gr Gf 1992/93 Last Vol On Last Qwtt DK DhYM Mm \ICa High Urn Cii»] Sale fMO) llfch Loo Bayer Seller Or TH Sail fHISTHKM AND COMMERCIAL 770 170 Acma 670 cd -3 153 690 670 663 670 12.5 2.1 1.9 29.0 461 > 220 210 Alex Hldgs6,134 words
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Page 5 Advertisements
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Advertisement341 1993-06-05 5 TTffiWWMGEDGE 1 IN-DEPTH {pSfc BUSINESS jBjW NFWS I jy| |J T or over two decades Singapore Business has covered J the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an341 words
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Advertisement202 1993-06-05 6 BUS I N E S S TIMES TOLL-FREE TEL. No. 1-BQO-737 0Q43 FAX:734 3698 IflSdiroders J Henry Schroder Wagg Co. Limited APPLICATIONS ARE INVITED FOR THE POST OF MANAGER, PROJECT FINANCE J. Henry Schroder Wagg Co. Limited is a leading London-based international merchant bank. For ten years we have had202 words
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Page 7 Advertisements
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Advertisement945 1993-06-05 7 Get your share of Citibank's expertise in new share issues. This time, Keppel Bank. It's not everyday that you get to invest in a bank's But you have to hurry, the closing date for this new initial public offering. issue is June 11, 1993. cmBAN<o Not Just Banking. Citibanking. The945 words
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Page 8 Advertisements
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Advertisement165 1993-06-05 8 welcome the Caltex Group of Companies in Singapore as our anchor henceforth to be known as f Place, will become the centre for our I TbB^R,^B consolidated operations iKWS in Singapore. It is a wR^E^S fine, modern building p jßfijHK'-M on the historic Change I Alley site. The relocation I165 words
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Advertisement59 1993-06-05 8 EREDIA ENTERPRISES LIMITED C.P.O. BOX 6231 HONG KONG TX NO. ***** T MSFEL HX FAX NO. 852-385 4462 WE SPECIALISE IN SERVICING THE SMALLER CLIENT AND ARE ABLE TO PROVIDE: Corporate Secretarial Services Nominee Directors/ Shareholders Book Keeping and Accounting Services Re-invoking Import and Export Documentation Freiqht Forwarding and Warehouse59 words
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Page 9 Advertisements
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Advertisement8 1993-06-05 9 Banquc Indosuc/ curreney report was not available yesterday8 words
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Page 10 Advertisements
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Advertisement253 1993-06-05 10 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 I OFFICIAL NOTICE Notice is hereby given that in consequence of the intended change of name of a ship by our clients, A.P. Moller Singapore Pte. Ltd. we applied to Ihe Director of Marine under Section 386 of Ihe Merchant Shipping253 words
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Advertisement160 1993-06-05 10 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 FOCAL WOODWORK (S) PTE LTD (In Voluntary Liquidation) Members Voluntary Winding-up Notice is hereby given that the Creditors ol the above Company which is being voluntarily wound up. are required within 30 days thereof to send in their names and addresses160 words
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Advertisement14 1993-06-05 10 Make new business contacts through classification 203 in The Straits Times Classified, cjlta. 1737-11*4114 words
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Page 11 Advertisements
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Advertisement37 1993-06-05 11 Hello Silicon Valley America's famed Silicon Valley has chosen a Singapore show to make its first-ever international appearance as an entity. Why Singapore? And which show? We have the exclusive story. BusinesslT. This Monday, in Business Times37 words
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Page 12 Advertisements
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Advertisement20 1993-06-05 12 property CONSTRUCTION Every Tuesday, in Business Times i i The Thai stock market was closed yesterday for a public holiday20 words
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Page 13 Advertisements
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Advertisement37 1993-06-05 13 Taiwan's hot Computer peripherals continue to generate the big bucks for Taiwan's IT industry and Notebooks stole the limelight. Get a first hand view from our reporter at Computex Taipei '93. BusinesslT. This Monday, in Business Times37 words
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Page 14 Advertisements
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Advertisement8 1993-06-05 14 REGIONAL ANALYSIS Every Wednesday, in Business l imes8 words
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SPORTS
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Article, Illustration644 1993-06-05 15 French Open Reuter PARIS Spaniard Seigi Bruguera tamed Ukrainian terror Andrei Medvedev 6-0 6-4 6-2 to line up his first Grand Slam final against defending champion Jim Courier at the French Open yesterday. The 18-year-old Medvedev, clay court sensation of the season and rising starReuter - 644 words
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Article, Illustration539 1993-06-05 15 AP PARIS Of all the numbers illustrating the difference between Mary Joe Fernandez and Steffi Graf for today's French Open women's final, there is one statistic that stands out: 10-0. That is Grafs life-time record against Fernandez. But Fernandez has revampedAP - 539 words
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SPORT SHORTS
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Article, Illustration97 1993-06-05 15 Reuter NEW ORLEANS University of Arkansas* Eric Walder. expccted by many to become the next great American long jumper, proved why on Thursday as he leaped a stunning 8.53 metres at the US collegiate championships. The jump was the best in the world this year and only seven menReuter - 97 words
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Article, Illustration38 1993-06-05 15 Reuter NEW YORK Major League Thursday American: Detroit S Chicago 3; Kansas City 6 Milwaukee 5. National: San Diego 12 Atlanta 4; St Louis 9 Cincinnati 2; Montreal 7 Chicago 1; Pittsburgh 2 San Francisco I. ReuterReuter - 38 words
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Article, Illustration176 1993-06-05 15 Reuter MANCHESTER Shane Wame produced a mesmerising spell of leg-spin bowling yesterday to dismiss three key England players and put Australia in chargc of the first test match. At the closc of the sccond day England was struggling at 202 for emit after dominating the first part ot theReuter - 176 words
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Article, Illustration186 1993-06-05 15 AP AFP SHIBATAMACHI, Japan Tsukasa Watanabe sank a seven-foot eagle putt yesterdav en route to the day's best score of 64 to share the second-round lead with Yoshinori Mizumaki in the 100 million yen (U*****,000) JCB Classic. After starting the second round three shots off the pace. Watanabe postedAP; AFP - 186 words
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Article109 1993-06-05 15 AFP PARIS French Open Friday (x--seed) Men's singles semi-finals: Jim Courier (US x 2) b Richard Kraiicek (Neth x 12) 6-1 6-7 (2/7) 7-5 6-2; Sergi Bruguera (Spn xlO) b Andrei Medvedcv (Ukr xll) 6-0 6-4 6-2. Women's Doubles semi-fi-nals: Gigi Fernandez (US)/Natalia Zvcrcva (Belarus xl) b Sandra CecchiniAFP - 109 words
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Article, Illustration679 1993-06-05 15 Jaime Diaz - Jaime Diaz on his performance at Memorial Tournament Golf Jaime Diaz NYT DUBLIN, Ohio A few short months ago it seemed the surest thing in golf was that 1993 would belong to Davis Love 111. He was coming off a PGA TourNYT - 679 words
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460 1993-06-05 15 NYT MONTREAL The Stanley Cup finals are tied at one game each, thanks in part to a lowscoring Montreal defence man, who had a hat trick, and in part to a Los Angeles defence man, who had an illegal curveNYT - 460 words
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Article, Illustration475 1993-06-05 16 NBA playoffs AP SEATTLE The Seattle SuperSonics shackled Charles Barkley and Dan Majerle on Thursday night, beating the Suns 118-102 and forcing a Game 7 of the Western Conference finals in Phoenix. Barkley, who scored 43 points in Game 5 on Tuesday night, wasAP - 475 words
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303 1993-06-05 16 AP CHICAGO While the twotime champion Chicago Bulls have the distractions, the New York Knicks have the hard road to win the Eastern Conference finals. Having lost the home-court advantage in Wednesday night's 97-94 defeat in New York, the Knicks must winAP - 303 words
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Article1372 1993-06-05 15 a n»t cro rn> Mm PtoM GA929 1120 toataMa SQ228 2120 0—M RJ187 0135 OllfN— KL837 1445 KL838 2310 SQ323 1725 todtad NZ21 1820 NZ22 1935 SQ286 2030 »■*■<■ Gf 148 0905 IMhpm BI421 1105 SQ182 0915 SQ181 1410 B422 1205 Bt429 2030 B>430 2125 BaagMi1,372 words
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Page 15 Advertisements
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Advertisement48 1993-06-05 15 Fly Finnair's new MD-11 the world's most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.48 words
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SHIPS IN PORT
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Article650 1993-06-05 16 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jurong Port SnTgSan S32 P01C alongside 0606/2300 Arths Dawn 260/27* 13 alongside 0506/0730 Suparat 847/93 P01C alongside 0606/0600 Dm Sn 14/93 12 alongside 05 06 1500 Syahputra *****3 P0IC alongside 0406 2300 Omana 05/01/93 U650 words
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Article1671 1993-06-05 16 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Ship Voy No Etb/Btr Period From To From A" 1W 06/0700 2 04/1700 to 0659 05 0900 3 to/0700 to/1159 05/1400 l*» 37* 05/1500 1 04/1500 04/1659 04/1900 AJ1,671 words
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Page 16 Miscellaneous
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Miscellaneous458 1993-06-05 16 CRYPTIC CROSSWORD to nice mixture! (8) 10 Own Scottish one is avail11 A heap of snow becomes 12 Gradually slackened terminal (7) 16 Walter's disposed to become a good-for-nothing 24 20 So sanctimonious to rave j I 1 I I I I 23 Spread the odds on a raw —ML—458 words
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REGIONAL FOCUS
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Article, Illustration683 1993-06-05 17 John Whycliff - Papua New Guinea has the resources to become a regional power. But economic success will not come easily, reports John Whyciiff from Port Moresby John Whycliff PAPUA New Guinea, long isolated from the modern world, is making giant strides to join it. Last year,683 words
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585 1993-06-05 17 HIGH in the mountainous central region of Papua New Guinea, in one of the least developed areas of the country, a dusty road leads past steep inclines to one of the world's most sophisticated gold mines. Five years ago. the Porgera region was585 words
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524 1993-06-05 17 IN DOWNTOWN Fort Moresby and along the grubby beaches that surround the downtrodden capital of this re-source-rich nation, unemployed youngsters sit around wasting their days. Houses are surrounded by barbed wire and at night, people rarely move far afield. Even in the524 words
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Page 17 Advertisements
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Advertisement844 1993-06-05 17 MALAYSIA TAIWAN r HI r HA| U^ 0 \Cete&wfhcific^ LIMITED Incorporated in Singapore RESULTS FOR THE HALF-YEAR ENDED 31ST MARCH 1993 Group Continues With Strong Growth In Asia The Directors are pleased to announce the unaudited results of the Group and the Company for the half-year ended 31st March 1993:844 words
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423 1993-06-05 18 Yeltsin cancels meeting with Bentsen on eve of constitutional convention AP. AFP MOSCOW Russian Finance Minister Boris Fyodorov and US Treasury Secretary Lloyd Bentsen yesterday agreed to examine plans for a special fund to boost trade within the Commonwealth of IndependentAP.; AFP - 423 words
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318 1993-06-05 18 Bloomberg Business News LONDON British bookmaker William Hill, a unit of the Brent Walker Group pic, said it is offering odds on British Prime Minister John Major no longer being in office at the next general election. This is the first time oddsBloomberg Business News - 318 words
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127 1993-06-05 18 Bernama BATU PAHAT The government plans to consult other Asian countries on the possibility of preventing merchant ships which do not have adequate safety measures from anchoring in ports in the region. Transport Minister Ling Liong Sik said yesterday that this was aBernama - 127 words
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252 1993-06-05 18 AFP HONGKONG China s paramount leader Deng Xiaoping has attacked Britain for turning Hongkong into an arena for competing political forces ahead of the British colony's return to Chinese sovereignty, pro-Beijing magazine The Mirror said yesterday. According to The Mirror, Mr Deng said:AFP - 252 words
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Article, Illustration456 1993-06-05 18 Reuter BONN Chancellor Helmut Kohl's coalition struggled yesterday for a consensus on granting dual citizenship to foreigners in Germany after Foreign Minister Klaus Kinkel came out clearly in favour of the idea. Mr Kinkel, speaking before leaving for Turkey for the burial ofReuter - 456 words
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458 1993-06-05 18 Bloomberg Business News STUTTGART MercedesBenz AG's new chicf cxccutivc, faccd with recession in Europe and tough competition abroad, is giving notice he will take the battle against Japanese rivals to their homeground: midpriced cars. Mercedes-Benz sales have plunged as sales ofBloomberg Business News - 458 words
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371 1993-06-05 18 AFP TOKYO North Korea has ordered all foreigners to leave the country before June 15, three days after its withdrawal from the Nuclear Non-Prolifcr-ation Treaty takes effect, Japan's Kyodo news agency reported yesterday citing "well placed" sources in Tokyo. TheAFP - 371 words
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290 1993-06-05 18 AP GENEVA The General Agreement on Tariffs and Trade yesterday agreed to a request by the European Community for an arbitration panel to examine the legality of punitive American duties on certain specialised steel products. The EC said the US countervailing dutiesAP - 290 words
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Article160 1993-06-05 18 AFP JAKARTA President Suharto's choice of safari suits for day and western clothes with a black "kopiah" hat for more formal situations has won him a place among the Best Dressed of Asean for 1993. Also on the list, drawn up by an Indonesian entertainmentAFP - 160 words
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591 1993-06-05 18 Plan to upgrade defence sparks vigorous debate Bloomberg Business News BERNE Switzerland's shopkeepers. farmers and homemakers will decide tomorrow whether to upgrade their country's national defence with a fleet of pricey US fighter planes. The Swiss army desperately wants to buy 34Bloomberg Business News - 591 words
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Page 18 Advertisements
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Advertisement6 1993-06-05 18 HK-China airport talks resume, Pg 36 words
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Advertisement5 1993-06-05 18 iffiP Monday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1623 1993-06-05 19 Fionnuala Halligan - Fionnuala Halligan, in an exclusive interview with Chinese director Chen Kaige for Executive Lifestyle, finds him still pondering the significance of winning the coveted Palme D'Or Fionnuala Halligan, The writer is a Hongkong-based freelance journalist CHINESE director Chen Kaige seemed slightly stunned when he arrived1,623 words
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STRAWS IN THE WIND
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Article53 1993-06-05 19 OK. all you drug smugglers out there, you want to know how tough Singapore laws are? A passenger on a flight back to Singapore was highly alarmed when the stewardess calmly announced, "The minimum penalty for drug smuggling is death." One shudders to speculate what the maximum53 words
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Article75 1993-06-05 19 TWO REPORTERS were thrilled to bits when they won free air tickets to Chile in a lucky draw. But that was before they realised that the tickets were issued by a South American airline, Lan Chile, which doesn't fly to Singapore. Which means they have75 words
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Article84 1993-06-05 19 WANT to find out anything from a company? Don't say you're a reporter. One colleague who rang an airline was told, "Yes, we have the information. but you have to get it from our PR agency." So she did, but the PR consultant didn't know anything. Exasperated,84 words
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OPINIONS
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Article, Illustration1061 1993-06-05 20 Neville Stack - Neville Stack says doctors have a duty to advise and warn their patients. But they should suspend their urge to make moral judgements on individuals. especially those who smoke Neville Stack The writer is a London-based journalist who contributes to BT MOST of us have a1,061 words
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Article, Illustration889 1993-06-05 20 Karim Raslan - Karim Raslan feels Masako Owada's marriage to the crown prince need not mean another Japanese woman has succumbed to the age-old pressures of society Karim Raslan The writer is a Kuala Lumpur-based journalist who contributes to BT WITH Masako Owada's marriage to Crown Prince Naruhito this Wednesday, the889 words
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Article330 1993-06-05 20 Robin Nayak - Robin Nayak Account manager for Air France The Ball Partnership INCREDULOUS. A word which aptly summed up my reaction on reading an article in last Friday's Business Times titled "The flying ofler that fell". Excuse me? 1 must say that it was very disappointing to witness330 words
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299 1993-06-05 20 K W How - K W How Singapore 2678 I REFER TO Keppel Integrated Engineering's offer to take over Resources Development Corporation (RDC). As a small shareholder of RDC. I would like to add to what financial adviser Baring Brothers has to say. KlE's ofler could299 words
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VIEWPOINT
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Article, Illustration1793 1993-06-05 21 Margaret Thomas - f CONVERSATIONS RAFFLES Kimiko Kasuya, managing director of Horiguchi Engineering, has lived here for 27 years and enjoys most things Singaporean. But there is room for improvement in our work attitudes, she tells Margaret Thomas Margaret Thomas KIMIKO Kasuya frets if she has to spend more than1,793 words
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Article2233 1993-06-05 21 ALL SHE wanted to be was the perfect housewife. But marriage to a Spaniard who was later transferred from Tokyo to Singapore put Kimiko Kasuya on a path that led to the launch of a precision engineering company. "1 wanted to be just a2,233 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration57 1993-06-05 22 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities Singapore. DBS Asset Management. Kim Eng Securities. Lum Chang Securities. Morgan Gren fell Asia Securities. OCBC Investment Research. Ong Co. Phillip Securities. Tat Lee Securities, and H57 words
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Article160 1993-06-05 22 Daiwa Sec urities Singapore (Jun 3) keppel Bank. Subscribe. Bid over $2.80 for the tender portion. Singapore's fifth largest bank and part of the Keppel Group, Keppel Bank announced that placement of its IPO has been taken by three strategic partners. The bank's growth potential based on synergies with160 words
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Article, Illustration208 1993-06-05 22 Crosby Research, Kuala Lumpur The stock market's continuing upward trend and resilience has confounded sceptics who believe that it is headed for a dive. The buoyant bourse is a result of the massive liquidity overhang in the financial system when Bank Negara decided to cap208 words
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Article, Illustration295 1993-06-05 22 Richard Mountford - Richard Mountford Director Schroder Investment Management (Singapore) Ltd SIMSL provides institutional and unit trust fund management services to Singapore and international clients, with a focus on the regional equity markets of Asia. "VI7 ITH the major markets of the T T region Singapore, Hongkong and Malaysia all295 words
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Article, Illustration689 1993-06-05 22 Paul Leo - Paul Leo identifies the counters which are likely to come under selling pressure Paul Leo KENNY Rogers has some advice for investors in his song. The Gambler. Like a good gambler with his cards, a goodSource: Bridge Info - 689 words
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Article, Illustration822 1993-06-05 22 R Sivanrthy - Cycle Carriage's earnings prospect gets a boost from stronger ties with Jardines STOCK By R Sivanrthy A TAKEOVER, or at least the possibility of one, is one of the most popular and enduring themes in the stock market, often leading to astronomical surges in share prices. However, in the case822 words
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Article, Illustration84 1993-06-05 22 Ouak Hiang Whai - Ouak Hiang Whai Cycia and Cantaga ia wal aupportad at $6.90 but capped $7.50. The daiy RSI it trading along to 50 16V61 WW) s sugnt cms wwaros ine owar-tdd rtgion. Tha stock it fNntore mora Italy to riaa to toatfta $750 raatatanca again. A breakout from tiaraSource: Bridge Info - 84 words
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Article, Illustration257 1993-06-05 22 Paul Leo - Spotlight currency By Paul Leo THE higher-than-expec-ted Australian current account deficit resulted in the Australian dollar plunging against the Singapore dollar by 1.6 Singapore cents to S$ 1.0887 from last Friday's closing of S$ 1.1049. However, a temporary bottom is within sight. TheSource: TeleTrac - 257 words
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565 1993-06-05 23 Paul Leo - Paul Leo looks at the performance trend of shares during certain periods of the year Paul Leo The writer is aw ay for the rest of this month, after having sold his shares in May A STATISTICAL study by American stock-broking565 words
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Article, Illustration1016 1993-06-05 23 R Sivanithy - Going public the balancing act involved R Sivanithy examines the responsibilities of the people behind initial public offers R Sivanithy PRICING a public share offer is never easy. For instance, pitch the price too high and the underwriter could end up holding the baby. Set it too low and the1,016 words
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335 1993-06-05 23 INVESTING YOUR LI jV-ylcl I Q: I bought some CPF Trustee Stocks two months ago. Does that mean I get to keep the profits when I sell the shares? What about the dividends that I receive? Do I have to declare335 words
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Article, Illustration304 1993-06-05 23 Kooi Cho Teng - BT Golf Index By Kooi Cho Teng GOLF club prices moved marginally last month in the absence of new developments. The seven-club BT Golf Index rose 6.06 points to 253. Henry Yan. manager of Senator Golf Enterprise said yesterday. "Prices of Singapore304 words
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Article, Illustration870 1993-06-05 23 Joyce Quek - Gold market the new El Dorado or is it just a mirage? Sentiment for the metal has turned more positive in recent months. Joyce Quek finds out why Joyce Quek WITHOUT being the new El Dorado or a mirage, the gold market is experiencing a favourable evolution which justifies aSource: Union Bancare P - 870 words
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Article, Illustration524 1993-06-05 24 AUDREY TAN - Cinema Review By AUDREY TAN THE ONLY THING high about Sylvester Stallone's Cliffhanger is probably the mountain itself the rest of the movie pretty much sinks way down below satisfactory level. Naturally, the fault lies with the script, co-written by Stallone who inserted such wonderful gems524 words
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Article, Illustration586 1993-06-05 24 SHAHIRON SAHARI - By SHAHIRON SAHARI WHOOPI Goldberg complained after winning a Best Supporting Actress Oscar two years ago that someone like her an \fro-American comedian would always be typecast as such and would never get a romantic lead role. In Made In America, she gets a chance586 words
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Article, Illustration1091 1993-06-05 24 Mark Graham - What was golfing superstar Greg Norman doing playing before a crowd of goggled-eyed,- Mao-suited peasants? Mark Graham reports on his maiden visit to China Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle ONPhotos by Mark Graham - 1,091 words
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Article337 1993-06-05 24 GOLF CLUB membership is becoming the latest status symbol among China's newly emerging middle classes, who have cash to spend on luxuries once considered bourgeois and frivolous. The new Kai Kou golf course in Xiaat a cost of US$3O million, is tmcat of the new337 words
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Article, Illustration915 1993-06-05 24 KARIM RASLAN - Travel Notes By KARIM RASLAN The writer is a freelance journalist who contributed this article to Executive lifestyle TUCKED away under the arches of the Yamomote JR. line that encircles the centre of Tokyo is one of thePhotos by Shinichi Ito - 915 words
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Article, Illustration702 1993-06-05 25 KARIM RASLAN - Book Review By KARIM RASLAN A Suitable Boy By Vikram Seth Phoenix House 1,349 pages, $59.90 ONE TENDS to be wary about books that come weighed down by overwhelming publicity. After all. as literary publishers in New York and London face renewed cutbacks and redundancies, theIllustration from book cover - 702 words
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HEALTH & FITNESS
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HEALTH Notes
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102 1993-06-05 26 Prevention Health Magazine IF YOU'RE hostile, driven and aggressive, you're probably a Type-A personality and in the running for coronary heart diseases. Yet researchers, working with 97 male students, found that physically fit Type-As were medically safer than their less fit counterparts. The differencePrevention Health Magazine - 102 words
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Article132 1993-06-05 26 NYT A NEW study has found a strong link between depression and alcoholism. By giving up drinking, alcoholics may be taking the first step toward lifting their depression, a Columbia University researcher said. Examining 127 depressed alcoholics for five years, the study found that depression had aNYT - 132 words
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Article126 1993-06-05 26 NYT SOME typical questions Americans came up with on the FDA's seafood safety hotline Q: Is it safe to eat raw fish like sushi? A: Yes, if it's made with very fresh fish, commercially frozen and then thawed. This kills any parasites. But people withNYT - 126 words
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Article140 1993-06-05 26 NYT PMS is not a bona fide mental illness, a task force of the American Psychiatric Association has decided after a five-year review of research into premenstrual syndrome. The task force's decision means that PMS, which has been renamed "premenstrual dysphoric disorder," or PMDD, willNYT - 140 words
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Article65 1993-06-05 26 American Health IT PROBABLY doesn't matter here but experts say that chewing gum is actually good for your teeth as it helps prevent tooth decay. It works by stimulating saliva flow in your mouth. Saliva bathes the teeth and neutralises acids that contribute toAmerican Health - 65 words
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Article, Illustration708 1993-06-05 26 Susan Tsang - It could help you lower your blood pressure, cholesterol, fat and risks of a heart disease, says Susan Tsang Susan Tsang Macrobiotics seems to be the latest buzz-word among the health-conscious; counting Kenny G among its adherents. To708 words
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PEOPLE
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Article, Illustration214 1993-06-05 26 ASIAN tycoons from Hongkong and Korea turned out cheek to jowl at the recent topping-out ceremony at Suntec City. The roll call of property bigwigs and developers of the mammoth project included business luminaries such as movie mogul Sir Run Run ShawPhotos by Arthur Lee - 214 words
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Article, Illustration123 1993-06-05 26 THE CARTIER objects d'art were impressive. And so were guests of auction house Sotheby's, at a private viewing of Carrier's travelling exhibition recently at the Hilton Hotel. Among them were Tong Djoe. chairman of Tunas Pte Ltd; ST Yeo. chairman of the Trade Development Board; Richard Hale,123 words
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TIME OFF
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Article, Illustration809 1993-06-05 27 Shahiron Sahari - Shahiron Sahari provides an amusing sketch of the different types of characters he's always h m pl f lgJ ntn at karaoke lounges Shahiron Sahari THERE always appear to be the same types of characters you're bound to meet at karaoke lounges. Doesn't matter which loungePhoto by Arthur Lee - 809 words
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Article, Illustration654 1993-06-05 27 Corinne Kerk - Corinne Kerk gets fed at an open-air snack bar that's also a haven for beer-lovers Corinne Kerk ON A WARM Wednesday night, you really wouldn't expect to see such a big crowd at a tiny corner tucked away in Changi Point.654 words
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Article290 1993-06-05 27 The Way Of Violence What is violence and how has it affected our lives? The theme of violence is explored and investigated by Theatreworks' Director's Lab. Leow Puay Tin directs. Today, June 9 to 12, Bpm at The Black Box, Fort Canning Centre. Tickets at $8 available from the290 words
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Article117 1993-06-05 27 SSO Concert Lunds Studentsangforening (Lund University Male Chorus) from Sweden presents an a capella programme. Today, 8.15pm at the Victoria Concert Hall. Tickets at $4. $7. $10. $15 and $25 available from the Concert Hall Box Office. Tangs and Centrepoint. The Mike Westbrook Jazz Trio Three British musicians play117 words
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Article86 1993-06-05 27 The Blue Planet Produced in cooperation with Nasa. this Film takes you on a trip to space where the Earth seems suspended in a limitless void. The snag is that man is slowly destroying his own blue and beautiful planet. I lam. 12pm. 2pm. 4pm, spm and 6pm at86 words
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Article, Illustration500 1993-06-05 27 I Early Traders Of Singapore (1819-1940) Discover the old ways of merchants and traders, from the familiar sack picks, weighing scales and rattan weighing hoops to a re-created river scene and rice wholesaler's shop. Till June JO at the Surrender Chambers Atrium. Sentosa Island. Vam-Vpm daily. Free500 words
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Article160 1993-06-05 27 Audrey Tan - Compiled by- Audrey Tan Still Building Three youngsters are trapped under a mass of rubble when a building collapses. Presented by The Necessary Stage, this play represented Singapore at the Cairo International Experimental Theatre Festival last year. Till June 6. Bpm: 3pm matinee lodav at the Substation160 words
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EPICURE
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399 1993-06-05 28 JAIME EE - By JAIME EE THE SIGHT of Hongkong actor Stephen Chow yabbering about "Pokka Car-fei" in that silly Pokka TV commercial has a way of making you think that a restaurant bearing the same name could be nothing more than a Mickey399 words
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Article, Illustration642 1993-06-05 28 JAIME EE - Bon Appetit By JAIME EE TONY ROMA's might not know it, but a low-key Japanese restaurant in Orchard Boulevard serves ribs that easily rival theirs in terms of tenderness and flavour. Kokishin Japanese Restaurant, known for its reasonably priced sushi and sashimi, offers barbecued pork642 words
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Article648 1993-06-05 28 N K YONG - Wine By N K YONG VINTAGE assessments are not like Papal edicts, nor are they like the Commandments written on tablets of stone. They are very human judgements of vintage quality, made by a variety of people vineyard owners, members of the trade and, a648 words
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Article, Illustration945 1993-06-05 28 Michael Wickman - Michael Wickman finds out what's cooking at Planet Hollywood Michael Wickman The writer is a freelance journalist who contributed this article to Executive Lifestyle The helicopter hovers, the light from its Cyclops eye piercing the ebony night. Then the craft settles down onto its designated "X" like a945 words
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Article, Illustration1113 1993-06-05 30 Aladdin. A typical Disney adaptation of the old fairy tale, complete with rousing musical numbers. An upwardly mobile street teen becomes a prince, thanks to a genie with the voice and wit of Robin Williams. Great animation effects. Orchard: II; 1.30; 4; 6.45; 9. Marina I; I; J.JO: 5.J0;1,113 words
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Page 19 Advertisements
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Advertisement222 1993-06-05 19 EXPRESS I SHARE LOAN The way of turning shares into J f a*A f-rt (A* tjknt. MONO LBONO PMANCi UMTTB) (MQAKWi HNANCi UMTB) *****33 *****33 gj REVERSO. Avant-garde since 1931. THE LEGEND LIVES ON IN REVERSO Our masterNEVER ON THEIR on OVER 150-YEAR TRADITION OF MAK- ;'W I>\ INC THE222 words
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Page 20 Advertisements
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Advertisement119 1993-06-05 20 ■yjL. IT >® v Wi 4 *^K. J -"M fc' ~l Multi-bag travelling is easy with Samsonite's Easy Carriers. Samsonite's Easy Carriers are the first hardside suitcases WB to offer travellers a built-in luggage cart. The unique pull-up handle and retractable strap instantly allows you to strap on other bags119 words
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Advertisement52 1993-06-05 20 BT welcomes letters from you. Please i address them to: I he Kditor, Business I imes. 390 kim Seng Rd. S'pore 0923. letters should include >our contact numbers. Il You'll get I job done when you I call in the experts I found at I classiI fication S 1138. C.A.T.S.52 words
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Page 20 Miscellaneous
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Miscellaneous96 1993-06-05 20 <SHC'S NOT 34W<»4G WCR j TvAG GORGEOUS PMSS fc&Trs|\ V PfT s/n»i__ c£^ f V nuSTej? 7 OP is IN -rue. v v OFF»C€. PCAOSS TW€_V2o(>o \f A good HepiV6hl9!s*. s/ V II lopvvwg «r Nve!/ J/ I roO I II .O-v KVrn i UgjJft wjjß 1 Hjjßi: rWw >••96 words
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Page 22 Advertisements
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Advertisement7 1993-06-05 22 RECRUIT EARLY Advertise in the APPOINTMENTS pages7 words
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Page 23 Advertisements
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Advertisement35 1993-06-05 23 Clear your doubts on how to invest your CPF savings with the panel from DBS Bank. Send your questions to Business Times. Investment Q A A, 390 Kim Seng Road' *****. Or fax to 733-527135 words
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Page 25 Advertisements
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Advertisement20 1993-06-05 25 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. SINGAPORE rfl Business Times WE KNOW ASM20 words
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Page 28 Advertisements
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Advertisement11 1993-06-05 28 Will the Episode excitement last? 0 0 nimf fk t BBfrPI11 words
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Page 29 Advertisements
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Advertisement604 1993-06-05 29 Nothing Beats A BudJftt&fl or 4L. J^V mm <» Alan Ng, f<xxl writer of Lianhc Zaobao.'lt's a high lea of distinct difference from those we had tried locally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa, Pried Kway Teow, Bubur Hitam, Hokkien Mee604 words
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Advertisement281 1993-06-05 29 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. 7* 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 over to281 words
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Advertisement286 1993-06-05 29 t French affair from Tor of. For reservations please ACufauryTour of Pranct Eat All You Want at Cafe Vanda's lavish Buffets BUFFET LUNCH I I BUFFET DINNER I (11.30 am to 2.00pm) (6.30pm to 10 00pm) Local Food Fairy Buffet $10.80** $14.50** (Adult) ($14.50** .?Sj»Yj?T 1000 (Child) for Father's Day)286 words
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Page 30 Miscellaneous
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Miscellaneous2328 1993-06-05 30 TODAY'S TV HmiTTTn AC Milan V Roma: 8.00 Animated Special Hul imOl■ [j JiHv Sampdona. Hippo. 11.50 Close. V✓" KelabKanakKanak(L). Bibir Mer, 3.30pm, SBCS Wonders in China, 9am, SBCB 10.00 Special Message by the Yati finds a job in Yani's salon Featuring a Muslim settle- cnrc 0\ in in *P£*l2,328 words
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