The Business Times, 12 June 1993
1993-06-12
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The Business Times
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Title Section14 1993-06-12 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, June 12-13 1993 75*14 words
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656 1993-06-12 1 Stephen Vines - From Stephen Vines in HONGKONG WHILE Britain and China remain locked in talks on Hongkong's future electoral arrangements, Chinese officials are secretly working with pro-Bei-jing groups on an ambitious plan to win next year's local elections and the territory-wide656 words
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Article, Illustration412 1993-06-12 1 Sylvia Wong - By Sylvia Wong SINGAPORE Taxi co-op-erative NTUC Comfort will go public at the end of this year or early next year, becoming the first Singapore co-operative to be listed on the stock exchange. And if its listing is successful, another NTUC co-opera-tive,412 words
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180 1993-06-12 1 Bloomberg Business News BEIJING China's currency pulled out of its nose-dive on the Beijing national foreign exchange swap centre yesterday in a further sign the yuan has recovered from its shock flotation last week, a market official said. Since price ceilings were lifted atBloomberg Business News - 180 words
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Article, Illustration362 1993-06-12 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR IN A BID to defuse mounting tension in his ruling United Malays National Organisation (Umno) party. Prime Minister Mahathir Mohamad said yesterday that there would be no contest for the post of deputy president in the coming party362 words
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509 1993-06-12 1 Joseph Rajendran - By Joseph Rajendran SINGAPORE Another Singapore company is to list on the United States' Nasdaq market. AVS, a computer and peripheral maker, is in the final stages of putting together an initial public offer aimed at international fund managers and American509 words
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104 1993-06-12 1 AFP SVAY RIENG, Cambodia Pro-ruling party mobs damaged some 20 United Nations vehicles here as protests grew in east Cambodian provincial capitals yesterday, one day after the royalist party was announced winner in UN-run elections. In Prey Veng, some 600 people demonstrated peacefullyAFP - 104 words
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2am LATEST
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64 1993-06-12 1 AP LONDON Amcrican-born violinist Sir Ychudi Mcnuhin, 77. and film director Sir Richard Attenborough, 69, were tapped to join the House of Lords in Queen Elizabeth's birthday honours list released yesterday. They were among about a thousand Britons honoured in a twice-yearly ritual PrimeAP - 64 words
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84 1993-06-12 1 TEHERAN President Ali Akbar Hashemi Rafsanjani headed for an easy election v ictory yesterday as millions of Iranian voters iooked to him to reverse the decline in their living standards. Mr Rafsanjani. backed by the religious and political establishment, was sure to be elected84 words
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60 1993-06-12 1 Reuter MUENSTER, Germany Economics Minister Guenter Rexrodt warned that Germany could soon be exporting jobs rather than goods if its labour costs continued to rise. Mr Rexrodt said yesterday that unions must moderate wage demands and the opposition Social Democrats (SPD) must agreeReuter - 60 words
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Article, Illustration117 1993-06-12 1 Stock market indices Friday Change STII 1853 05 -11.60 KLSE C omposite 746.29 f8.76 Nikkei 20.500 95 7.63 Hang Seng 7.266.74 +6.16 SET Index 853 14 +9.13 Jakarta C omposite ...350.30 -1.08 C USA C hina B 1.043.90 -13.02 Aust All Ord 1.714.3 +18 FISE 100 2.861.8 +1.8117 words
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Page 1 Advertisements
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Advertisement12 1993-06-12 1 Lifestyle Cover Story el i Sea Games: Having a bit of fun12 words
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Advertisement8 1993-06-12 1 Stock picking el 4 Tips for small investors8 words
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Advertisement341 1993-06-12 1 Stock market glossary el s Learn to speak your broker's language One of the great designs of this century And probably the next V .^WHEESP^bc ■FV, m. -ffcli' V JSi^^^l 7>x> Royal Ow*. hand-made and inditiduaUy numbered uith ultra thin quartz movement, water-resistant to 5 a/m 8A***** 789 The Royal341 words
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Advertisement13 1993-06-12 1 Japanese^ art fci-"- Hock Lock Siew Pg 5 for turnaround See Page 313 words
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Advertisement52 1993-06-12 1 CONTENTS Dm Campania S'pore News 2 SporeM w 5.6 Regional News 3 Francal 7 World News Pt l IIUI Ctobwa. SES 11,12 Reviews Q. 6.7 Reponal 10 Sports 13,14 World 10 TV'lrtestyte EL 12 Currencies 7 Region* Focus 15 S*ne»/Commo 4 Subscription Tel 1800-*****77 Fax *****75 BT Editorial Id *****1852 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article81 1993-06-12 2 THE Housing and Development Board is working with the Inland Revenue Authority of Singapore (IRAS) to keep close tabs on lessees to prevent them sub-letting whole flats. Under present HDB rules, sub-letting of a whole flat is not allowed as flats are meant for owner-occupation.81 words
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Article66 1993-06-12 2 CHEMICAL OPERATOR Ethylene Glycols Singapore (EGS) yesterday officially opened a $50 million ethoxylation plant on Pulau Ayer Merbau. The plant, which produces raw materials used in detergents and shampoos, is one of several investments planned for the island. EGS is one of seven downstream operators at66 words
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Article79 1993-06-12 2 SILKAIR will increase the frequency of flights to four destinations and upgrade aircraft flying to Kaohshiung in Taiwan. Silk Air said yesterday there would be two more flights weekly to Medan in Indonesia and one more weekly to Cebu in Philippines and Yangon in Myanmar. The number79 words
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56 1993-06-12 2 FOREIGN AFFAIRS Minister Wong Kan Seng will lead the Singapore delegation to the World Conference on Human Rights to be held from June 14 to 25 in Vienna. The delegation will comprise Chay Wai Chuen, MP for Brickworks GRC, Ho Peng Kee, MP56 words
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Article84 1993-06-12 2 BUSINESSES in Macau, as well as Singaporeans living there, can now make toll-free phone calls to Singapore. The Singapore Telecom International Toll-Free Service allows customers and potential clients in Macau to call businesses in Singapore by phone or fax direct without paying for the international call84 words
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407 1993-06-12 2 Helen Chang - By Helen Chang SINGAPORE popiah king Goi Seng Hui's company is expanding further in China with the purchase of a Fujian brewery which is one of the province's most profitable state-owned firms. Tee Yih Jia Food Manufacturing Pte Ltd's latest acquisition represents407 words
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Article, Illustration386 1993-06-12 2 Increase of 7 to 9pc expected SINGAPORE Singapore's air cargo volume is expected to increase between 7 and 9 per cent annually over the next few years, down from the doubledigit growth rates seen in the last five years. The lower386 words
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285 1993-06-12 2 THE GOVERNMENT will acquire about one quarter of Pulau Übin within the next year to further develop it into a fun-in-the-sun island. A Ministry of National Development (MND) statement last night said the 254 ha of private land will be used285 words
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330 1993-06-12 2 CITIBANK has slashed its housing loan quantums in reaction to the speculation in the property market. It cut the maximum level of loan financing to private property investors on Monday from 70 to 60 per cent of the property's value for Singapore customers330 words
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370 1993-06-12 2 CONSTRUCTION and property development activity in Singapore continued to slow down in April, according to the latest Monthly Bulletin of Construction Statistics released by the Urban Redevelopment Authority. But that month also produced one of the highest levels of building plan approvals so370 words
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Page 2 Advertisements
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Advertisement278 1993-06-12 2 LAW PAGE Every Thursday in Business Times Our recent customer survey confirms that we are not only specialists but connoisseurs of fine carpets At Amir Sons, you don't have to wait for a Sale, Auction or etc. To us, SALE s BEST PRICE QUALITY MERCHANDISE AFFORDABLE DISCOUNT MAXIMUM SELECTION UNCOMPROMISING278 words
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Advertisement13 1993-06-12 2 MARITIMEm CmUEWGESrCJ A Special Business Times Supplement June 29, 1993 Don't miss it!13 words
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THE REGION
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515 1993-06-12 3 Harish Mehta - Hun Sen not backing hardline rebels who formed autonomous regions Reports by Harish Mehta SINGAPORE Rebel members of the newly-elected Cambodian National Assembly have been told by their hardline leaders to resign their seats, leaving the ruling Cambodian People's Party (CPP) in turmoil.515 words
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Article, Illustration391 1993-06-12 3 SINGAPORE Prince Norodom Sihanouk, apparently fed up with "growing foreign interference" in Cambodia, has rejected a United Nations proposal to form a joint interim body to run the country until a new government is installed. Chairing a meeting of the Supreme National Council ofReuter - 391 words
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203 1993-06-12 3 Reuter TAIPEI Taiwan's central bank plans to expand the use of its foreign currency reserves, the world's largest, to finance corporate investment and stimulate the economy, central bank officials said here yesterday. The central bank has allocated a record US$ll.2 billion (S$Reuter - 203 words
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279 1993-06-12 3 AFP BANGKOK Debate in the Thai Parliament on two noconfidcncc motions has deteriorated into mudslinging, with an Opposition MP accusing the Prime Minister of involvement in an adulterous relationship and being hit with the same chargc himself, reports said yesterday. The attack on ThursdayAFP - 279 words
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252 1993-06-12 3 AFP TOKYO Japanese Prime Minister Kiichi Miyazawa said yesterday that Japan is ready to become a permanent member of the United Nations Secarity Council. "If asked, Japan is ready to do its best to fulfill responsibility" as a permanent member, he wasAFP - 252 words
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445 1993-06-12 3 Reuter SUKHCHAR, India An Indian guru pronounced dead by doctors more than a month ago is in a state of deep meditation and will wake up in about six months, his aides said yesterday. Thakur Balak Brahmachari. who is reputed to have 70 million followersReuter - 445 words
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Article, Illustration395 1993-06-12 3 Al Labita - From Al Labita in MANILA ONLY imported raw materials and capital goods brought into the Philippines' special economic base at Subic arc exempt from tax, President Fidel Ramos said yesterday. In a statement to clarify matters for local and foreign businessmen,395 words
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ASIA NOTES
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86 1993-06-12 3 DENPASAR. Bali Credit Card company Visa International lost US$5O million (SsBo million) from card forgeries in the Asia-Pacific region in 1992, Indonesia's national news agency Antara quoted the company's general manager for South-east Asia. Timothy J Malloy, as saying here yesterday. Mr Malloy said86 words
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Article60 1993-06-12 3 Reuter STOCKHOLM Sweden and Australia announced plans yesterday to jointly manufacture and market defence products, starting with submarines. The countries' defence ministers said at a news conference here that they aim to extend existing cooperation pacts centring on Australia's 20 billion crown (554.4 billion) order for sixReuter - 60 words
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91 1993-06-12 3 AFP TAIPEI South-east Asia is losing its appeal to Taiwan businessmen as the most popular overseas investment site, giving war to China, Investment Commission officials said yesterday. A total of US$2Bl million worth of mainland-bound investment projects were approved in the first four monthsAFP - 91 words
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Article54 1993-06-12 3 AFP JAKARTA Two-way trade between Indonesia and Taiwan rose by 7.5 per cent last year to reach US$2.6 billion from US$2.4 billion in 1991, the Taiwan Economic and Trade Office said yesterday. Indonesia had a US$l9O million surplus in its trade with Taiwan in 1992. theAFP - 54 words
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65 1993-06-12 3 Reuter SEOUL South Korea, in a bid to lure foreign investment plans to create a free investment zone where foreigners will get preferential treatment in setting up joint ventures and whollyowned companies, a Trade Ministry official said yesterday. The 65-hectare zone willReuter - 65 words
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Article52 1993-06-12 3 Reuter TOKYO Japan paid out US$ll.l5 billion in calendar 1992 in official development assistance (ODA), and was either the biggest or second-biggest donor in the world, the government said yesterday. Only the United States could have surpassed Japan's aid disbursement to poor countries last year, officialsReuter - 52 words
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58 1993-06-12 3 Reuter DHAKA Bangladesh drastically cut taxes and import duties as it unveiled a new Budget on Thursday and promised to make the taka fully convertible. The Budget, effective on July 1, proposes to withdraw Value Added Tax on milk products and cattle and poultry feed,Reuter - 58 words
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440 1993-06-12 3 Reuter JAKARTA Indonesia's new Cabinet has signalled that it is serious about reforming the country's high-cost economy but analysts say the results of the latest deregulations may not be that impressive. The government on Thursday slashed a wide range of tarifTs andReuter - 440 words
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232 1993-06-12 3 Bernama KUALA LUMPUR Malaysia feels that the Asia-Pacific Economic Cooperation (Apec) should remain a loose forum which concentrates on the programmes and projects it has agreed to undertake. The Minister of International Trade and Industry Rafidah AzizBernama - 232 words
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Page 3 Advertisements
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Advertisement30 1993-06-12 3 w•; 11 1v AX'ii lIK i u\. K II ;iik K Ink li\ mi vou Ikk wmii II M NX TALLEST I|. M V I in t 11, M k30 words
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THE WORLD
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WORLD WATCH
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76 1993-06-12 4 Reuter WASHINGTON President Bill Clinton yesterday nominated former vice-president Walter Mondale to be the new US ambassador to Japan. The 65-year-old Mondale takes over from Michael Armacost in what is seen as a key ambassadorial post linking the world's two largest economic powers.Reuter - 76 words
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Article, Illustration52 1993-06-12 4 Reuter LOS ANGELES One of Walt Disney Studio's most beloved characters, Donald Duck, debuted in the cartoon The Wise Little Hen as a supporting character on June 9, 1934. Donald is shown in a "one sheet" opening title card from the cartoon. June 9 marks Donald's 59thReuter - 52 words
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Article59 1993-06-12 4 Reuter MOSCOW President Boris Yeltsin yesterday applied formally for Russian membership of the General Agreement on Tariffs and Trade (Gatt) and said he wanted the global trade body to take a decision by the end of the year. Mr Yeltsin handed Russia's formal application toReuter - 59 words
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Article67 1993-06-12 4 Reuter COPENHAGEN Denmark's parliament voted yesterday to impeach a former justice minister in the "Tamilgate" refugee scandal which brought down prime minister Poul Schlueter's government last January. The assembly voted 105-45 to impeach Erik Ninn-Hansen, now just a Conservative member of parliament, for breaking the lawReuter - 67 words
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Article48 1993-06-12 4 UPI OTTAWA Canada's leading economic indicator rose 0.8 per cent in May, its largest increase in almost two years, figures released on Thursday show. Seven of the 10 components of the indicator increased, with the biggest increase in manufacturing and financial markets. UPIUPI - 48 words
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205 1993-06-12 4 AP LONDON Britain's top aviation regulator on Thursday put forward proposals for liberalising air links between Britain and the United States. Transport Secretary John MacGregor said American carriers would be granted two new routes into Britain on condition the US authorities allow Virgin AtlanticAP - 205 words
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159 1993-06-12 4 UPI VANDENBERG AIR FORCE BASE, California The United States Air Force announced on Thursday that Lt-Col Patricia Fornes will become the first woman to command an ICBM combat squadron. Lt-Col Fornes will take over the 740 th Missile Squadron at MinotUPI - 159 words
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310 1993-06-12 4 AFP LONDON Failure to reach a market access agreement at next month's Group of Seven (G-7) summit in Tokyo could sink prospects of concluding the Uruguay Round of world trade negotiations, the future chief of the Gatt world tradeAFP - 310 words
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548 1993-06-12 4 AP LE BOURGET, France The president of Europe's civil aircraft consortium has accused the United States of violating an aviation agreement signed last year and hinted that the Europeans might pull out of the accord. The charge came at a news conferenceAP - 548 words
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Article, Illustration587 1993-06-12 4 AFP OTTAWA Prime Minister Brian Mulroney yesterday took centrestage at the convention to choose his successor as head of the ruling Progressive Conservative party, the lOth anniversary of his winning the helm. Canadian rock stars, ice skaters and television personalities headed a star-studded gala which wasAFP; AFP picture - 587 words
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289 1993-06-12 4 IHT BRUSSELS French Prime Minister Edouard Balladur on Thursday restated France's opposition to a European Community agricultural accord with the United States, making clear that farm issues remained just as much of an obstacle to a global trade deal despite French acceptance ofIHT - 289 words
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318 1993-06-12 4 Reuter LONDON Britain had a big seasonally adjusted trade deficit of £4.S billion (SS 11.05 billion) in the first quarter of 1993, data released yesterday showed, but financial markets and the Treasury were relieved it was not even worse. TheReuter - 318 words
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517 1993-06-12 4 Reuter LLANGOLLEN, Wales Prime Minister John Major's government was buffeted by a new row over the sensitive issue of payments to the disabled on Friday after a stormy week that threatened the British premier's grip on power. Mr Major wasReuter - 517 words
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Page 4 Miscellaneous
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Miscellaneous76 1993-06-12 4 CORRIDOR VSeW- >V> FOR STQB.M I PROPPED MFNLf My ~^y r On I (f^}\ r ?.\wA6ufe-' 8540 O ASSOCIATED NEWSPAPERS LTD., IM2-IM3 %(SX. Doonesbury by garry trudeau STOP JERK- NOT6CHN6 THE ONLY REASON U&RB TALK- f OWUIIW?\ INO MY V HAPPEN, IN6ATALLISTHATTHBBO9S I J CHAIN, JOSH! SIR THE, STIU- HAS76 words
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COMPANIES & MARKETS
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Article, Illustration465 1993-06-12 5 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Precision optics manufacturer Avimo Singapore has acquired the European electro-optics businesses of its British parent for £17.1 million (5541.9 million) a move that could improve earnings per share by 36 per cent. To fund the deal, the listed companySource: Bloomberg - 465 words
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211 1993-06-12 5 SINGAPORE Listed photo album maker Red Box (Malaysia) Bhd plans to set up a MS3O million (5518.9 million) factory in China to make albums, frames and related products. The company has incorporated a wholly-owned subsidiary, Red Box (Chaoan) Stationery Co Ltd,211 words
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202 1993-06-12 5 Bernama KUALA LUMPUR Keck Seng (M) Bhd expects the overall market demand for residential properties to continue to be soft this year as a result of current legislation on foreign ownership of landed properties. Prospective purchasers were adopting a cautiousBernama - 202 words
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186 1993-06-12 5 Bernama SHAH ALAM Perusahaan Otomobil Nasional (Proton) will introduce awards for its supplier companies to enhance awareness on quality, costs and delivery. Proton deputy managing director Mohamad Nadzmi Salleh said yesterday. He said the Proton Acknowledgement Awards, jointly organised by Proton and the ProtonBernama - 186 words
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260 1993-06-12 5 Bernama KUCHING Sarawak's largest chicken breeder, Zhang Agricultural Development Bhd, is planning to set up a modern intergrated chicken processing and cold storage facility here soon, in order to further expand its operation in the state. Managing director Chong Stew Foi said theBernama - 260 words
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764 1993-06-12 5 William Chia - HOCK LOCK SIEW By William Chia SINGAPORE Listed PT Pan Indonesia (Panin) Bank, Indonesia's tenth largest private bank, has long been recognised as one of its most prudent and conservative banks, and one which emphasises asset quality over expansion. This has764 words
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Article, Illustration392 1993-06-12 5 Bernama KUALA LUMPUR Stockbroking firms should not impose restrictions on transactions for too long because it will affect the local securities industry. Kuala Lumpur Stock Exchange (KLSE) general manager Mohd Salleh Majid said yesterday. "Each prolonged enforcement of these restrictions could beBernama - 392 words
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290 1993-06-12 5 Bernama KUALA LUMPUR MBf Holdings Bhd is proposing a one-for-one rights issue of 348.08 million shares of 50 sen each at 80 sen per share for its cashflow requirements to support the group's ongoing operations. In a late announcement, the group said that in conjunctionBernama - 290 words
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Article, Illustration342 1993-06-12 5 Source: Bridge Info Performance of STII's Index stocks Jun 11 Last Sttw la4r\ Slock sale Char fartf Hill (I) Avimo 2 280 1.72 C*C 7.000 -0 100 5 28 12 05 Ccrcboj 5 200 -0 100 3.92 12.05 FAN 12.100 -O 100 9.1J 12 05 OF Asia 3.120 0Source: Bridge Info - 342 words
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COMPANIES
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COMPANY BRIEFS
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55 1993-06-12 6 AFP JAKARTA A joint-venture copper rod manufacturer FT Tembaga Mulia announced after-tax profits of US$56 million (Ss9o million) for 1992. a 9.4 per cent increase over the previous year. Tembaga Mulia is owned by Japan's Furukawa Electric Co, Tomen Corporation and PT Supreme CableAFP - 55 words
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67 1993-06-12 6 SINGAPORE Shares of Singapore Technologies Industrial Corporation (STIC) will commence trading 911 Tuesday, the company said yesterday. STIC offered 170.67 million shares in its initial public offer, comprising 68.27 million sold at 85 cents apiece and 102.4 million by tender. The strike price67 words
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104 1993-06-12 6 Bloomberg Business News HONGKONG US securities house Lehman Brothers said it has cut its weighting for Hongkong stocks in its globaj equities portfolio to 2 per cent from 4 per cent because of China's current inflation and currency problems. In a report Lehman said thatBloomberg Business News - 104 words
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69 1993-06-12 6 AFP NEW DELHI The state-owned Steel Authority of India (Sail) vesterday announced record profits before tax of 4.2 billion rupees (Ssl93 million) in the 1992-93 financial year. Sail said the profits, marking a 16 per cent jump over the previous year, had been achievedAFP - 69 words
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108 1993-06-12 6 NYT NEW YORK The Boston Globe, one of the few large American newspapers that remain under family control, will be sold to The New York Times Co under a US$l.l billion (Ssl.B billion) merger agreement approved on Thursday by the boards of bothNYT - 108 words
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72 1993-06-12 6 Reuter CHRISTCHURCH New Zealand plastics and electrical goods maker PDL Industries Ltd expects to better or equal in 1993/94 the NZ511.65 million (5510.13 million) net profit the company reported in the year to March 1993. "We believe these results are sustainable," chief executive DonReuter - 72 words
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Article, Illustration507 1993-06-12 6 South China Morning Post HONGKONG The High Court has thrown out the Allied Group's bid to quash publication of the governmentappointed inspector's findings into the affairs of the company and linked firms. It is understood that Allied Group, AlliedSouth China Morning Post - 507 words
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Article, Illustration447 1993-06-12 6 AFP SYDNEY An attempt by Australian national carrier Qantas to circumvent US gov-ernment-imposed sanctions by flying to San Francisco instead of Los Angeles has been blocked by Washington, officials said here yesterday. The US Department of Transport (DOT)AFP - 447 words
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459 1993-06-12 6 Reuter HONGKONG Regulators, cracking down on a welter of "backdoor" share listings by Chinese state enterprises, arc to probe the latest such deal under the Stock Exchange's tough listing rules for the first time. Local property group Tomson Pacific said yesterday itReuter - 459 words
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355 1993-06-12 6 Reuter HONGKONG The almost simultaneous floatings of two banking stocks in Hongkong early next week look timed to beat the rush of forthcoming offers lined up to take advantage of firm market sentiment, analysts saidReuter - 355 words
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214 1993-06-12 6 South China Morning Post HONGKONG Citkr Pacific company has taken a 20 per cent interest in Chase Manhattan Card Company for about IIKSSOO million (SSIO4 million), managing director Henry Fan Hung-ling said. The holding, part of which comprised old shares placedSouth China Morning Post - 214 words
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213 1993-06-12 6 AFP NEW DELHI United States telecommunications giant AT&T announced yesterday a USS3S million (SSS6 million) joint venture with India's Tata group to manufacture and market advanced switching systems. AT&T will hold a 51 per cent share in the joint company. AT&T SwitchingAFP - 213 words
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217 1993-06-12 6 AFP JAKARTA Indonesia's largest integrated paper company PT Indah Kiat is to raise USS72 million (*****.2 million) for expansion projects through a bond issue, it was reported yesterday. "We will use the funds to help finance our USSSOO million expansion projects.AFP - 217 words
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265 1993-06-12 6 Reuter GENEVA Swiss-based inspection company SGS Ste Generale de Surveillance SA announced a reorganisation from Sept I. with three new executive vice-presidents on its management board. Thierry Chereau. chief executive officer, also said SGS hoped to make "medium-sized acquisitions" this year, but gave no details.Reuter - 265 words
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Article464 1993-06-12 6 UNIT TRUSTS FUNDS mmumr price* jun i: 14 Insurance Fond Unit Trust income Bond Poiio, 3.29 3.41 The Commerce 1.37 I 44vd rhc Savings Fund 1.25 1.31 PruLink Mgd Fund 1.16 1.22 S'porc Prof Fund 0 57 0 60 yini S pore Sec Fund 0.92 0.97 S'porc Invest Fund 104464 words
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Article1105 1993-06-12 6 Payment Ex Books Pay date close date Acma F 7.5 Jun 10 Jun 22 Jul 5 \mcol 25* F 20 Jul 13 Jul 19 Aug 16 Apollo F 2.5 Jun 21 Jun 25 Jul 15 B Raya F 3 Ma> 25 Jun 9 Jul 8 Bon est s1,105 words
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FINANCE & COMMODITIES
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Article, Illustration426 1993-06-12 7 Bloomberg Business News SYDNEY US banker Robert Joss, who took over the reins of embattled Westpac Banking Corp of Australia in February, said he was shocked to see Westpac branch staff performing tasks he hadn't seen done in branches since the *****.Bloomberg Business News - 426 words
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306 1993-06-12 7 Reuter SINGAPORE Kuwait's rejection of a new Opec plan to restrict production has chopped 30 US cents off world oil prices and is likely to discourage any major recovery unless refined product demand improves, Asian oil traders said. "The Opec meeting wasReuter - 306 words
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Article239 1993-06-12 7 Soh Tiang Keng - By Soh Tiang Keng American International Assurance has launched a scheme which pays up to 90 per cent of hospital and surgical expenses. This Major Medical rider complements an existing Hospital and Surgical rider available with AlA's whole life or endowment policies. A rider is239 words
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173 1993-06-12 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Industrial Finance Corp of Thailand, which is controlled by the Thai Government, yesterday borrowed US$4O million (5564.4 million) from five Sin-gapore-based financial institutions. The five-year term loan, which will be used for general working capital, was173 words
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312 1993-06-12 7 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York plummeted further as traders expressed scepticism regarding the latest Opec production accord or lack of it. In Geneva, Kuwait rejected a curb on its production from July, even though312 words
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Article, Illustration141 1993-06-12 7 THE US dollar gained ground yesterday against the regional currencies, led by yen weakness. After strengthening continuously in previous sessions against the dollar, the yen succumbed to profit-taking in both USS/Yen and Dm/Yen as dealers disposed of long yen positions ahead of the US-Japan trade141 words
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Article189 1993-06-12 7 Reuter LONDON The dollar languished a pfennig down after US price and sales data pulled the rug out from under speculation the Fed might tighten. Analysts said dollar/mark was now in for a period of range-trading until US consumer price figures next week. Anticipation May producer prices would confirmReuter - 189 words
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Article80 1993-06-12 7 AFP NEW YORK The dollar lost ground against the German mark and French and Swiss francs yesterday, but gained slightly against the yen and pound sterling in slow trading. About 9.30 am. the dollar traded at 1.6225 marks against 1.63 earlier in London and at 1.6288 on Thursday.AFP - 80 words
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Article, Illustration1464 1993-06-12 7 hade »et*hifiJ injr\ cakvlaltil J(Ui(W S'ptrr i Mp 14 iraJmt partnvr\ San nur /jM.< US$/S$ forward rates Noon June 1 I SS Bid Offer 1-month ***** ***** 2-mooth 1 6089 1.6104 l-month ***** 1 6104 6-monlh ***** 1.6110 Sounr Ot 'fiC Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltm1,464 words
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Article, Illustration481 1993-06-12 7 DBS Weekly Currency Report LSS/DM: To 1.6740? US$/Dm tested resistance of 1.6420 this week, when it traded to a high of 1.6415 on Wednesday. Thereafter, it eased to 1.6265 on Thursday and was seen trading around the 1.6280 level on Friday morning. The technical picture481 words
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COMMODITIES & FUTURES
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Article1496 1993-06-12 8 SIMEX REPORT Reuter SINGAPORE Sirnex Eurodollar futures ended steady after a session of uneventful trade with dealers hugging the sidelines ahead of the release of key US inflation data. "The market was extremely quiet apart from some position adjustment ahead of the release of the PPIReuter - 1,496 words
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Article613 1993-06-12 8 COMMODITY REPORTS Tin I IN ended lhe week two cents up at MS 13.13 a kg. helped by a steady London market overnight. traders said. Irading was range-hound and featureless and buying, all by Malaysians, was routine. Volume ended at 10 tonnes against 16613 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article71 1993-06-12 8 MANILA Philippine exports of coconut products rose 51 per cent to 614.194 tonnes during the first five months of the year, up from 406.470 tonnes a year earlier, the United Coconut Associations of the Philippines said. Adequate rainfall since late last year boosted production from71 words
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90 1993-06-12 8 SEOUL The Korea Feed Association requires 61.000 tonnes of soymeal for Aug-Sep delivery, a trader in Seoul said. But a spokesman for the KFA said the group has no immediate plans to tender. The KFA is believed to be the onlv South Korean group contemplating90 words
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59 1993-06-12 8 TOKYO Japan's domestic soymeal business for July-September delivery could end as early as next week if the US dollar stays near 105 yen and Chicago Board of Trade soymeal futures remain weak, trade sources said. July-September business is around 60 per cent complete, compared59 words
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Article48 1993-06-12 8 SINGAPORE Thailand's Bangchak Oil signed a one-year term contract with a major trading company this week for the delivery of 7.000 barrels per day of Middle East crudes, a Bangchak source said. The contract runs between Julv 1 and June 30. 1994.48 words
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Article75 1993-06-12 8 NEW DELHI India's sugar industry has revised downward the white sugar output in the current 1992-93 (Oct-Sep) season to 10.6 million tonnes, from an earlier estimate of 11.4 to 11.9 million tonnes. Indubhai Patel. chairman of the Coordination Committee of Sugar Cooperatives and Mills75 words
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Article1665 1993-06-12 8 HAS Cnhmi Mty Exchange (tat arcs closing as at 1pm) HAS (physical prices) RSS 1 Contract (S cents/kg) Ac al I) Buyers /c Sellers /I ..V lose Volume Open as 81 I* noon in IIVB.&; Month High Low Sett (tonnes) Interest RSS 2 Jul> 93 128.50 129 50N1,665 words
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REGIONAL STOCK MARKETS
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Article1117 1993-06-12 9 1.8 Book squaring ahead of the Queen's Birthday long weekend and recovering bullion prices in Hongkong pushed the Australian share market to a higher close. The All Ordinaries traded in a tight range, falling more than six points in early trade before staging a minor rally to close 1.81,117 words
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Article575 1993-06-12 9 +2.41 Shares inched up in lacklustre trading, spurred by a technical rally and shortcovering by some brokers, stock analysts said. "It was really a technical rally that pushed the market up. but trading on the whole was dull." said Noel Reyes, vice president at DMT Securities Inc. Brokers who575 words
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Article457 1993-06-12 9 -4.91 Profit-taking across the board after 31-month highs early this week pulled stocks down for the second consecutive day. brokers said. They said the correction was expectecl to continue although trading remained healthy. Financial counters faced a heavy sell-olf, soon spreading to other shares, as investors lost interest. "This457 words
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Article522 1993-06-12 9 -3.87 Stocks finished marginally lower in the smallest turnover since January as most buyers remained absent, brokers said. The Weighted Index ended 3.87 points down at 4.219.14. Turnover was T513.4 billion against Thursday's T516.9 billion. News that the Bureau of Investigation had questioned more than 10 brokers on suspicion522 words
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Article303 1993-06-12 9 -2.08 The New Zealand share market finished a fairly dull week little changed on the day and brokers forecast further consolidation. Volumes were boosted by a few large selected leaders and reasonable volume in Telecom shares. The rest of the market was quiet. The NZSE-40 Capital Index closed303 words
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Article97 1993-06-12 9 14.29 Stock prices pickcd up amid feelings that the stocks market is rebounding from recent doldrums. analysts said. The Bombay Index gained 14.29 points to 2410.30 and the National Index improved by 9.11 points to 1107.64. Delhi was up 9.23 points at 511.74 and Ahmedabad rose by 0.89 points97 words
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WORLD STOCK MARKETS
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Article773 1993-06-12 9 1.8 Shares ended a quiet day mixed to firmer, with stronger FTSE futures and gains on Wall Street providing some support, dealers said. Strategists said underlying sentiment remained positive, but ongoing worries about low institutional liquidity levels and the current flood of rights issues were keeping a lid on773 words
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Article111 1993-06-12 9 -5.86 Shares fell in lacklustre trading as demand from foreign investors abated, partly because of a stronger Swedish krona. traders said. The index of the 30 most traded shares, the OMX, fell 5.86 points, or 0.7 per cent, to 829.46, recovering in late trading from an intraday low of111 words
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Article192 1993-06-12 9 +7.91 Share prices ended higher once more, bringing the net gain this week to 2.63 per cent, and the rally is not yet over, dealers said. Share prices ended at highs in quiet trade despite a midsession dip. The DAX index of 30 leading shares closed up 7.91 points192 words
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Article270 1993-06-12 9 1.3 Shares showed little direction in moderately active trading as a lack of news gave the market time to consolidate upon recent strong gains. US producer price data in the afternoon and the easier dollar did not greatly influence shares in a market which was characterised by investor reticence.270 words
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Article228 1993-06-12 9 -0.64 Shares closed lower, with banking and insurance group Amev leading the decline, traders said. The EOE index of the top 24 Dutch shares closed down 0.64 points at 313.07. Decliners outpaced advancers 12 to eight, and four stocks closed unchanged. Amev closed down 3.1 guilders at 69.30 guilders,228 words
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Article149 1993-06-12 9 +0.61 Shares ended fiat in fairly dull trading and dealers said the US Producer Price Index (PPI) figures had not affected the market as anticipated. The Bel-20 Index closed 0.05 per cent, or 0.61 points, up at 1,213.55 points and a total volume of 664 million francs worth of149 words
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Article316 1993-06-12 9 +5 Gold shares were unaffected by flat US PPI figures despite a nervous day's trade ahead of what dealers said were figures crucial to gold's short-term direction. They said the market may be waiting for confirmation of low inflation in Tuesday's US consumer price data, and remained bullish about316 words
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Article345 1993-06-12 9 15.72 Stocks opened unchanged despite strong gains on Wall Street after weak US economic data dampened inflationary fears, dealers said. "It's fiat but up. In other words, the enthusiasm is still there." said Ira Katzin. an investment adviser with Richardson Greenshields. The US producer price index for May was345 words
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Article646 1993-06-12 9 -20.21 Stocks rallied yesterday morning in response to encouraging inflation news that eased fears of higher interest rates. The Dow Jones Industrial Average rose 11.90 to 3.503.62 by Ham. Advancing issues outpaced declines on the floor of the New York Stock Exchange by about 12 to 5. with646 words
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Article755 1993-06-12 9 Paris Jh II Fr \ir LkjuiJc MOOO J 00 Utalel \mihom Mo 00 I 00 Elf Vjuit 110 10 2 10 (rtle De Baiviuc 1225 00 ***** Ltluwe WM -*00 Wuhd.n I WOO 2 Ncvk *****0 Nor* H>dro I M M) -2 70 (*P I H00 Peu|MS\ ***** -100 Philips755 words
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Article, Illustration3078 1993-06-12 10 Bloomberg Business News STOCK PRICES held firm in light volume, with many investors sidelined ahead of resumption of Sino-British talks on political reform and a public holiday on Monday, brokers said. The Hang Seng index of top shares closed up 6.16 points at 7266.74 after moving in a narrowBloomberg Business News; Source: Bridge Info - 3,078 words
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Article, Illustration480 1993-06-12 10 THE CLSA Shanghai B share Index closed up 9 points on over US$2 million turnover. The most activity was in Jinqiao which closed at $0.40. Rubber Belt was up 9 per cent on thin trading. Vacuum, No 2 Textile and First Pencil were all up over 3 per cent.480 words
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Article, Illustration2517 1993-06-12 10 Reuter STOCKS ended mixed in seesaw trade. Sentiment was firm earlier as the market made it through the settlements of June futures without much trouble. But profit-taking was triggered by worse-than-expected Bank of Japan (BOJ) quarterly corporate survey results, brokers said. "Public pension and insurance funds and investment trustsReuter; Source: Bridge Info - 2,517 words
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Article, Illustration1724 1993-06-12 10 Reuter STOCKS moved past a key resistance level just before the close, with the SET ending the day at 9.13 points higher at 853.14. Fears that profit-taking would emerge in the afternoon were unjustified, brokers said. They had seen 850 as stiff resistance. Trading was active with 4.5 billionReuter; Source: Bridge Info - 1,724 words
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Article, Illustration1065 1993-06-12 10 Reuter SHARE PRICES closed lower in slow half-day trading. "The market was in a consolidation phase after the recent rally and the Thursday's deregulation package seemed to add to the lacklustre mood on the local side,' a broker said. Volume was dominated by trade in Astra International of 3.65Reuter; Source: Bridge Info - 1,065 words
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Article, Illustration2230 1993-06-12 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume PUB 50c 23.98JOOO ldn% Hvd 50c MMUN Reaoag Bhd 50c 044 000 Bcrjjvj I hi nip 7.02 *.000 Multi-Purpose 74)14.000 kamunling 50c 6.929.000 Promct 6.J2J.OOO Mulptu Inll 50c 6.2'. 1100 McnangCorp 4.406.000 Amal Slecl 50c 4.47..000 MBf Capital 4.220.01*)Source: Bridge Info - 2,230 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5249 1993-06-12 11 Bernama STRONG BUYING interest pushed the local bourse to a new record high at the close yesterday in heavy trading. The Composite Index closed 8.76 points higher at 746.29, the Industrial Index 27.23 points up at 1,309.76 and the EMAS Index 2.62 points higherBernama; Source: Bridge Info - 5,249 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration1067 1993-06-12 12 Helen Chang - By Helen Chang SINGAPORE Investors' prolonged courtship with Malaysian shares continued yesterday as prices across the Causeway hit a new record high. "All the money is going to KL (Kuala Lumpur)," said Alex Chng, assistant manager of research for Alliance Securities. "Singapore is a bitSource: Bridge Info - 1,067 words
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Article, Illustration76 1993-06-12 12 Quak Hiang Whai - Quak Hiang Whai AT THE current pricc. the upside potential of Renong Bhd looks limited. Daily, weekly and monthly charts show the stock is heavily over-bought. In the short term, there could still be some room for the counter to rise, but investors are advised to take profit.SOURCE: BRIDGE INFO - 76 words
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Article5934 1993-06-12 12 M/UN BOARD Gf Cc lan/at Lm Vol Day Last Q»*c Dfc Dfr YM Net M Cj H* Lw> j Salt (DM) High Lm Sfcr O P/E S—« INDUSTRIAL AND COMMERCIAL 77 70 Acma 745 xd unch 244 745 725 745 750 12.5 2T J.7 32.3 513.5 So 58 318 cd5,934 words
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Page 5 Advertisements
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Advertisement302 1993-06-12 5 I nrtWfltl rvn JTC 25 years of contributing to vA/I LA/1 ClUv/ll Singapore's growth X The Jurong Town Corporation, once a low-profile government agency, is changing with the times. This major developer and manager of industrial estates in Singapore is looking to meeting changing customer needs. It is also aiming302 words
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Page 8 Advertisements
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Advertisement129 1993-06-12 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX.734 3698 SALE OF PROPERTY BY LIQUIDATORS Subject to contract, offers are invited for the purchase of a factory. Property Description A JTC standard semidetached factory with Mezzanine office and a single-storey factory building. Usage Suitable for light industries. Site Area 4310.2 sq.129 words
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Advertisement33 1993-06-12 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead iSKKSS Wr offers Bp the most If current list 0/ job Bf opportunities33 words
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Page 9 Advertisements
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Advertisement12 1993-06-12 9 PORT SHOTS atest nsea a r anc anc 'transportation. Business Times _a12 words
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Page 10 Advertisements
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Advertisement19 1993-06-12 10 |_T" tS*na (r*») SHANGRI-LA HOTEL ARCADE Tel: *****89 CWCAI94S STOCKIST OF QIA CERTIFED DIAMONDS Manufacturing jaweUars tinea 1919 CHRONOGRAPH19 words
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Page 11 Advertisements
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Advertisement28 1993-06-12 11 BETTING YOUR BUSINESS If the emerging technologies are a horse race, which one should you bet your business on? Find out in BusinesslT. This Monday, in Business Times28 words
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Page 12 Advertisements
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Advertisement23 1993-06-12 12 «S**a (pt») (l' it X \W/ SHANGRI-LA HOTEL ARCADE Tel: 732 5689 ORCAIM6 STOCKIST OF GIA. CERURED DIAMONDS Manufacturing jeweQen ainca 1919 CHRONOGRAPH23 words
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SPORTS
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Article, Illustration853 1993-06-12 13 Shahiron Sahari - Shahiron Sahari talks to the athlete who will run in the SEA Games 100 m event tomorrow Shahiron Sahari SINGAPORE The 100 metres, the glamour event of any meet's track and field programme, is always held early in the programme. Perhaps it is to spare thePhoto by Arthur Lee - 853 words
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407 1993-06-12 13 AP PORTLAND, Oregon If Nike had its way, the Chicago Bulls and Phoenix Suns would just do it: play seven games. That way, with the NBA Finals going the distance, Nike gets maximum exposure from its top shoe endorsers, Michael Jordan and CharlesAP - 407 words
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SPORT SHORTS
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Article, Illustration50 1993-06-12 13 Reuter NEW YORK American League Thursday: Detroit 5 Toronto 3; Baltimore 2 Boston 1; New York 3 Milwaukee I; Minnesota 6 Texas 5. National: San Diego 14 Los Angeles 2; Florida 4 Pittsburgh 3; Cincinnati 3 Atlanta 1: Philadelphia 7 New York 6: St Louis 7 Montreal 4. ReuterReuter - 50 words
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Article, Illustration162 1993-06-12 13 AFP Reuter PHOENIX, Arizona Croatian guard forward Tony Kukoc will be a major addition to the Chicago Bulls, team vice-president Jerry Krause said on Thursday. "I am anxious to start negotiating with him, I think he could be an enormous plus to the side," Krause said. "Kukoc can playAFP; Reuter - 162 words
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Article, Illustration170 1993-06-12 13 Reuter AP Reuter TOKYO Sapporo Tokyu Open leading 2nd round scores yesterday (Japanese unless stated): 136 Brian Jones (Aus) 69 67. Tetsu Nishikawa 66 70 137 Tsukasa Watanabe 70 67. Akiyoshi Omachi 68 69 138 David Ishii (US) 71 67, Brent Franklin (Can) 69 69. Other foreign: 140 PeterReuter; AP - 170 words
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Article, Illustration61 1993-06-12 13 AP WASHINGTON If the 1994 World Cup is anything like the game between Germany and Brazil, US fans and international soccer officials will be thrilled. Germany fell behind by three goals on Thursday in its worst half in seven years, then stormed back with three goals in the finalAP - 61 words
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Article, Illustration202 1993-06-12 13 AFP AFP LONDON Queens Chib grass court tournament 3rd round Thursday; Michaci Stich (Gcr x 6) b David Wheaton (US xl 2) 6-4 6-3; David Witt (US) b Chris Wilkinson (GB) 3-6 7-5 6-3; Jamie Morgan (Aus) b Mark Woodforde (Aus *8) 6-4 1-6 8-6; Wayne Ferreira (SA xAFP - 202 words
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Article1469 1993-06-12 13 eg n* nm n»_ «i W ra W! OL u> DMi GA929 1120 Rl CM MWi City VN743 1315 VN742 1415 GA839 2105 [I 1 TTTT f t CX7ii 1235 CX710 «40 0—— RJ187 0135 CI665 1420 SQ860 0915 KL837 1445 KLB38 2310 CX713 1500 CX7141,469 words
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Article, Illustration367 1993-06-12 13 Golf Reuter HARRISON, New York Young Dudley Hart handled the testing Westchester Country Club course despite difficult conditions on Thursday to lead by one stroke after the first round of the Buick Classic with US Open champion Tom KiteReuter - 367 words
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Article, Illustration472 1993-06-12 13 AP CHRISTCHU RCH, New Zealand The British Lions have a major edge in experience but history favours New Zealand going into today's first rugby union test at Lancaster Park. The 15 members of the Lions team have played a total of 483AP; Reuter - 472 words
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Article, Illustration679 1993-06-12 14 Soccer The US press accords the soccer victory over England some space FT, Reuter WASHINGTON It did not quite make the front pages, but at least it made the front page of the sports sections, which soccer rarely does and especially not on mornings afterFT,; Reuter - 679 words
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Article253 1993-06-12 14 AP NEW YORK Three of the world's richest people own NBA teams, another owns an interest in the New York Giants and a group of sheikhs from Dubai padded their fortune in thoroughbred racing. In the June 28 issue of Fortune magazine, the world's 101AP - 253 words
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Page 13 Advertisements
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Advertisement7 1993-06-12 13 A gathering of the region's best, ELI7 words
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Advertisement41 1993-06-12 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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Article426 1993-06-12 14 Vtsstl Hi N» Beth Untal Dtpartait Vewd Voy Hp Berth Annul Departure JurOIIS Part Stonewal la 0S767* P01C alongside 1106/1/00 Bestco 182/B 03/06 K/9 1206/0200 Str Venture 13E P03 alongside 1106/2300 Flamboyant 60E/W 17/8 Ampide 1206/1830 Sutra 9/93 P10 alongside 1206/0500 Km Etta 10W 93 J4/5 alongs«ie426 words
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Article1747 1993-06-12 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS a» Voy Wo ConUfcwrt ivifabtt a» V«y Wb Cgtohm mh* Twatttu 380 *****3 0800 Wau Bhum 688N COOtEST) *****3 1500 P Hard* 073W *****3 0815 Okunoze 31S COOtESTi 1106.93 1500 Guru Bfium 194S *****3 0910 M Watty* F023N COOtEST) *****3 15001,747 words
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Page 14 Advertisements
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Advertisement7 1993-06-12 14 The other tribes weren't around, EL 37 words
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Page 14 Miscellaneous
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Miscellaneous519 1993-06-12 14 I CRYPTIC CROSSWORD 1 Painful affliction one might have to face 12 Large number were changing 13 Grass snake perhaps (5) I 16 Some fifteen ought to be about the right amount (6) 17 In Paris, questioned about __H__^^" what was bordering on inde- 16 I 1 I I cency519 words
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REGIONAL FOCUS
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Article, Illustration938 1993-06-12 15 Maggie Ford - World Bank report on Indonesia Reports from Maggie Ford in JAKARTA THE past fortnight has not been easy for two of the closest allies in the international development world Indonesia and the World Bank. The seemingly ill-matched pair a poor, developing938 words
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260 1993-06-12 15 READERS of the World Bank report often turn first to the "boxes" short items which highlight problems or offer helpful comparisons with other countries. The most famous World Bank box item appeared in the 1991 report, when the bank accurately predicted the effects and260 words
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Article, Illustration216 1993-06-12 15 SINGAPORE, Thailand and Malaysia were all mentioned in World Bank "boxes" report as examples that Indonesia could study. Singapore's approach to administrative reform is outlined, and readers are told how an accountant is trained and certified in the other two Asean countries. The216 words
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200 1993-06-12 15 THE prevention of Aids in Indonesia features in the World Bank report for the second year running. The bank notes with concern that the number of HIV-infected people is rising, which suggests the disease could be on the verge of a major200 words
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Page 15 Advertisements
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Advertisement19 1993-06-12 15 HIGH STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. Business Times aVOKWAW19 words
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554 1993-06-12 16 Govt likely to act against runaway pace of investment Reuter BEIJING China's paramount leader Deng Xiaoping, who triggered a boom that has led to the world's fastest economic growth rate, has warned against letting the economy spin out of control,Reuter - 554 words
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457 1993-06-12 16 AFP, Reuter WASHINGTON The United States announced on Thursday that it had struck a deal with Bonn whereby Germany would not apply discriminatory EC rules against US firms bidding for German governmental contracts for telecommunications. It said that WashingtonAFP,; Reuter - 457 words
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Article249 1993-06-12 16 Leon Hadar - From Leon Hadar in WASHINGTON UNITED STATES and Japanese officials were scheduled to meet yesterday at the Treasury Department for the start of critical trade talks aimed at developing a new economic agenda in the relationship between the two countries. At the centre of249 words
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276 1993-06-12 16 Leon Hadar - From Leon Hadar in WASHINGTON AMERICAN officials expressed "guarded optimism'* on Thursday about reaching an agreement with North Korea to avert its threatened withdrawal today from the Nuclear Non-proliferation Treaty. United States and North Korean officials were due to meet for276 words
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Article, Illustration61 1993-06-12 16 Reuter VOULIAGMENI, Greece British Foreign Minister Douglas Hurd (centre), Secretary-General of the Western European Union, Dutch Willem Van Eekelen (right) and an unidentified Nato delegate (behind Mr Hurd) combing their hair as Jacques Poos, Foreign Minister of Luxembourg, goes to his position for the group photoReuter - 61 words
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508 1993-06-12 16 Bloomberg Business News AFP TOKYO In the latest sign that Japan's slumping economy is on the verge of a turnaround, the nation's mostwatched survey of business managers suggests sentiment at major companies has finally hit bottom. The quarterly tankan survey, released yesterday byBloomberg Business News; AFP - 508 words
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521 1993-06-12 16 AP WASHINGTON United States wholesale prices in May turned in their best performance this year, showing no upward movement at all. the government said yesterday in a report that eased fears that inflation was about to get out of hand.AP - 521 words
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377 1993-06-12 16 Reuter WASHINGTON American business is scaling back on plans for plant and equipment spending this year, the Commerce Department said on Thursday, largely because of overcapacity' iri' toany industries worldwide. Companies surveyed by the government in April and May said they plan toReuter - 377 words
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Article, Illustration343 1993-06-12 16 NYT WASHINGTON Five months after a scalding report on his conduct, the Clinton administration has concluded that William S Sessions should step down as director of the Federal Bureau of Investigation and has begun negotiations with his lawyers to ease himNYT - 343 words
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Page 16 Advertisements
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Advertisement103 1993-06-12 16 Monday in Business Times The Chamber of Commerce Industry of Vietnam is orgEriisingaViertnamese Language Workshop especially for businessmen. Lessons will be conducted by a qualified Vietnamese Lecturer from The Vietnam National Foreign Languages Teachers' Colege. mm mm mm mm mm mm mm mm mm mm mm am mm mm mm103 words
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Executive Lifestyle
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Article, Illustration1684 1993-06-12 17 Shahiron Sahari - Shahiron Sahari on why the Sea Games, which begins in Singapore tonight, always feels like a happy, comfortable homecoming Shahiron Sahari PORTS, said George Orwell, is war without the shooting. The man who wrote 1984 and Animal Farm was a handy visionp ary, butDru," M H, n( ru- - 1,684 words
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STRAWS IN THE WIND
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Article42 1993-06-12 17 ONE ANALYSTS opinion on why the market has been so slow: "They're probably going around getting forms for applications. queueing in front of OUB for cashiers' orders, or buying Toto coupons. So that doesn't leave much room for us."42 words
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Article51 1993-06-12 17 ANN LANDERS, queen of the agony aunts, has this to say against cohabitation: "The woman generally does the cleaning and cooking and picks up after the man and contributes much more to the relationship. If it's sex that she wants, she can get sex without the51 words
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Article39 1993-06-12 17 SOMETIMES, you have to be careful in choosing your company's name. When word came out that contract electronics manufacturer Tri-M was making an initial public ofTer, a broker's first reaction was: "What, you mean the bramaker?"39 words
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Article49 1993-06-12 17 NO PAIN, no gain, right? But not with Delifrance's new jogging bread called Toni Pain le Petit Pain des Athletes. It probably didn't notice the pun (pain is French for bread), but isn't it nice to know you can have your pain and eat it too?49 words
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PROFILE
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Article, Illustration2379 1993-06-12 18 Brian Moynahan - In his prime, France's President Mitterrand was 'Le Roi'. Now his party is humiliated and broken, and he is old and isolated. With his enemies waiting in the wings, his next two years may be the toughest yet, reports Brian Moynahan Brian Moynahan The Sunday TimesThe Sunday Times Magazine - 2,379 words
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OPINIONS
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862 1993-06-12 19 Brian Gomez - Brian Gomez finds Dr Mahathir's criticism of the Australia-New Zealand CER pact unfair Brian Gomez The writer is a Sydney-based journalist who contributed this commentary to BT Malaysian Prime Minister Mahathir Mohamad was somewhat off target when he suggested recently that Australia and862 words
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Article294 1993-06-12 19 LETTER TO THE EDITOR EACH Saturday, I turn first to your Executive Lifestyle section. And, in particular, I look at Straws In The Wind. In your May 29-30 edition, I was most sorry to learn that someone else, like me, was taken in by the294 words
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Article, Illustration835 1993-06-12 19 Neville Stack - Neville Stack explains why the English lost to the Americans Neville Stack The writer is a UK-based journalist who eontrihuted this commentary to Hl' FOR a country that proudly calls itself the United Kingdom, Britain is curiously divided. It is, in fact, a multi-tribal society835 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration56 1993-06-12 20 Those polled on their view of the Singapore stock market for the week ahead: Baring Securities. Crosby Securities, Daiwa Securities Singapore. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. OCBC Investment Research. Ong Co. Peregrine Securities. Phillip Securities. Tat Lee Securities. COB Securities,56 words
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Article110 1993-06-12 20 Ong Co Hitachi Zosen. Buy at S 1.81. Will catch up with other ship-repair counters. Phillip Securities Amalgamated Steel Mills. Buy at market. Besides the expected strong recovery from the existing core businesses from FY93 onwards, the ASM group will also be benefiting from several of its China deals110 words
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Article, Illustration228 1993-06-12 20 Vickers Ballas Hongkong 4.5.93 10.6.93 change Shanghai index 80.01 63.33 -21% Shenzhen index 120.59 105.87 -12% The "B" share market has been taking the heat from the collapse of the renminbi. On June 1, the renminbi experienced one of the biggest plunges in its history,228 words
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Article, Illustration238 1993-06-12 20 Alfred B Lo - Alfred B Lo Resident Director Fidelity Investments (Singapore) Boston-based investment house Fidelity manages US$lBO billion globally, of which L'Ss6o-70 billion is in equities. It opened its first Asian office in 1969. in Tokyo. The Singapore office was set up in March 1991 and services institutional investors. LL238 words
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Article, Illustration1283 1993-06-12 20 Roger Portnoy - Roger Portnoy offers small investors some tips on how to create a portfolio with a broad exposure base Roger Portnoy The writer is chief global strategist in the Asia/Pacific for Thomson Financial Services, a global publishing entity. He helps develop analytical tools for1,283 words
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Article431 1993-06-12 20 USING sector analysis, we should now be able, once we have our broad economic view established. to identify those sectors offering the right sort of risk/reward profile and which also fit in with our forecasts. For our own customers. I have suggested a minimal target431 words
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Article, Illustration445 1993-06-12 20 Chew Eng Han - CHART By Chew Eng Han The writer is assistant manager of investments at NTL'C Income THE STRAITS Times Industrials Index has failed to break the 1,900 level decisively. The intra-day high reached a fortnight ago was 1,910, but the quick retreatSource: NTUC Income Investment - 445 words
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Article688 1993-06-12 20 Next publication date: July 10,1963 Launch lath 3 mths 6 nhs 1 yr 2 m 3 yn Unnch 1 mth 3 mths 6 mths ljr 2jrrs 3jts_ Ranking nt Jut 7. 1993 toto, n. n. J-« 7, 1W3 5 5 Singapore Straits li*es 4J9 I2J8 27688 words
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Article, Illustration1557 1993-06-12 21 Quak Hiang Whai - STOCK By Quak Hiang Whai AS THE first initial public offering by a local bank in 13 years, Keppel Bank should receive unquestionable support from Singapore investors. But it is apparently not. With one week to the offer's close, analysts are1,557 words
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Article821 1993-06-12 21 Bethan Hutton - Bethan Hutton suggests some ways to make the traveller's life more tolerable Bethan Hutton FT TRAVELLERS' tales of nights under the stars and eating for a pittance from authentic street stalls may make wonderfully escapist reading, but most people's idea of a holiday involves comfortableFT - 821 words
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616 1993-06-12 21 (life rp^CM^Mr^r Q: If one is out of the country during a new share issue, can one leave instructions or authorise a member of the family or a friend to apply on one's behalf, using either cash or CPF money?616 words
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Article, Illustration749 1993-06-12 21 DL'E TO the interest displayed by potential investors in the stock market. BT presents a glossary of common stock market terms for easy reference. Arbitrage The simultaneous buying and selling of securities in different markets at a price advantage. Bear Someone who sells shares in anticipation of prices fall.749 words
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Article, Illustration684 1993-06-12 22 JAIME EE - Clmmi Rgwtaw By JAIME EE WHEN a married woman goes to bed with another man, they call it adultery. When a woman goes to bed with another man for money, they call it prostitution. 'But in Hollywood, it's just called an Indecent Proposal. The684 words
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Article, Illustration657 1993-06-12 22 SUSAN TSANG - By SUSAN TSANG EVER HAD nightmare relatives over for a vftit? Count your blessings they can't get tfy worse than The Visitors the Countess Montmirail entertains a lost relative a»d his pal, both suffering from amnesia so b§d that they don't know how to turn on657 words
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Article, Illustration1687 1993-06-12 22 Karim Raslan - It was felt in the late 1980s that the Japanese were more interested in acquiring Western art than in creating their own. But things are changing, reports Karim Raslan Karim Raslan The writer is a fremm? journalist who1,687 words
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Article, Illustration848 1993-06-12 22 Mark Graham - Mark Graham meets Simon Jones, the unlikely boss of Britain's most successful Chinese-language newspaper Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle PAST THE Hongkong supermarket above the sex-problems doctor and close to the Cantopop CD shop,Photo by Mark Graham - 848 words
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Article, Illustration676 1993-06-12 23 HELEN CHANG - By HELEN CHANG Sariag the Rainforest By Claire Tkaai Times Books lateraatioaal 149 paces, $9.90 EVERYONE has their own means of breaking from conformity, if only in the smallest ways: choosing a different shade of green, falling in love with someone unexpectedly, holidaying in places where most676 words
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Article1234 1993-06-12 23 NEVILLE STACK - By NEVILLE STACK The writer is a UK-based freelance journalist who contributed this article to Executive Lifestyle The Diaries By Alm Clark WddcafeM A Nicoboa £20 BRUTAL HONESTY is a quality which the ambitious politician is wise not to cultivate, still less to flaunt. Unless, that1,234 words
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HEALTH & FITNESS
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160 1993-06-12 24 American Health IN A ragingly bad mood? You probably haven't got the best way of dealing with it, according to a professor of psychology in Cleveland. The first thing to remember is not to deal with all bad moods in the same way.American Health - 160 words
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117 1993-06-12 24 American Health DIETITIANS have suspected it for years: One way to change a man's diet is to teach his wife about nutrition. Researchers divided volunteer wives into two groups, one of which were taught about nutrition. At the end of itAmerican Health - 117 words
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Article153 1993-06-12 24 NYT PEOPLE who avoid promotions or even lose jobs because of an exaggerated fear of criticism may find relief, and confidence, with medications or psychotherapy, according to Dr Liebowitz of the New York State Psychiatric Institute. He refers to those who have social phobias and haveNYT - 153 words
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Article172 1993-06-12 24 Prevention health magazine. DID YOU try to shop for a swimsuit recently, only to leave the fitting room swearing to go on a diet? Perhaps, like millions of other women, you saw those acres of dimpled orange peel flesh all over your thighs and rump.Prevention health magazine. - 172 words
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Article, Illustration831 1993-06-12 24 Susan Tsang - Susan Tsang analyses the pros and cons of margarine and butter and arrives at a surprising conclusion Susan Tsang ANYONE who decides to adopt a healthy new lifestyle will probably have his enthusiasm dampened somewhere between his second and third book. Or831 words
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PEOPLE
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Article, Illustration470 1993-06-12 24 IT IS de rigeur these days to show your appreciation to your business clients and associates by organising a golf tournament for them. Singapore Press Holdings' marketing did just that when it hosted the Business Times-Lan-come 17th Anniversary Golf Tournament at the Tanah MerahPhotos by Christopher Loh - 470 words
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TIME OFF
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Article, Illustration1194 1993-06-12 25 Michael Wickman - Michael Wickman was overwhelmed by the pure privacy and perfect service when he stumbled into... Michael Wickman The writer is a freelance Journalist who contributed this article to Executive Lifestyle MAKE a list of the world's great hotels and it's probably predictable: Bangkok's Oriental, Hongkong's1,194 words
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Article, Illustration659 1993-06-12 25 Claire Leow - Claire Leow does a quick salsa in a mambo club in the middle of bustling Taipei Claire Leow THE NAME docs not inspire you to great things but the Tu Mambo Club at the heart of Taipei is worth checking out the next time you659 words
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Article369 1993-06-12 25 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. Last day today. Bpm at The Black Box. Fort Canning Centre. Tickets at $8 available from the Black Box.369 words
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Article109 1993-06-12 25 Allegri String Quartet Founded in 1954, the quartet is one of the most respected names in chamber music. They perform Hadyn's String Quartet Op 76 So 3 in C Major. Ravel's String Quartet In F Major and Beethoven's String Quartet Op 135 in F Major. Today. 7.30pm at the109 words
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Article, Illustration102 1993-06-12 25 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 at102 words
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Article477 1993-06-12 25 Art Philippines An exhibition and sale of contemporary paintings and sculptures by Filipino artists, to celebrate the 95th anniversary of the Philippines. l ill June 14 at the lobby of the Empress Place Museum. Oam to 7 pm daily. Admission is tree Early Traders Of Singapore (1819-1940)477 words
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Article93 1993-06-12 25 Audrey Tan - Compiled by Audrey Tan Life, Love And Sex With this exhibition of black and white photographs. Billy Moric seeks to uncover human relationships and interaction. Till June 15. I lam to 9pm at the Substation Gallery. Admission is free. Sistic outlets are at Forum Galleria. Liang Court.93 words
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EPICURE
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Article, Illustration1085 1993-06-12 26 Jaime Ee - Brunch isn't an everyday kind of meal for busy executives. Jaime Ee checks out five popular places to go to for that weekend treat Jaime Ee BRUNCH is a meal to be taken seriously. It's not just a haphazard meal thrown together for people1,085 words
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Article, Illustration436 1993-06-12 26 JAIME EE - Baa Appetit By JAIME EE BEING in a state of equilibrium is a big thing for those who believe in yin (cooling) and yang (warming), but unless you're in a position to remember the many ways in which a particular food can be yin or436 words
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Article724 1993-06-12 26 N K YONG - Wine By N K YONG IF YOU WISH to have a series of different wines at dinner. in what order should they be served? Are there some general conventions? Yes there are. White before red; young before old; lesser Growths before First Growths or Grands724 words
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Article, Illustration1114 1993-06-12 28 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: 11; 1.30; 4; 6.45: 9. Marina 1: 1; 3.30; 5.30;1,114 words
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Page 17 Advertisements
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Advertisement67 1993-06-12 17 r EXPRfSS I I WMMMiI The mm**/ way of turning shares into I W<uA on (A* yt«/. jjjj I Howuwiwiyyowi i —mi WMWII i R I *****33 *****33 B I ML# MM VMM am. 55 >- a i V*i j |> gc| </.£•••• If'' 1 !;-V' V c <* \<'-rz67 words
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Page 18 Advertisements
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Advertisement20 1993-06-12 18 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. siNOArcmt rr Business Times wi KNOW ASIA20 words
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Page 19 Advertisements
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Advertisement259 1993-06-12 19 Doonesbury and Bristow are on Page 4 t N FOR AS LOW AS RM156,215-00 (APPROXIMATELY 5597,634.00) f I_ i All factors that make BUILT-UP AREA: Rapid C3.pit3.l appreciation. Menara Greenvicw in Penang From 995 sq. ft. to over 2,500 sq. ft. High Rental Returns. ™™^ffiT rtuni,y Excellent design and location.259 words
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Page 20 Advertisements
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Advertisement6 1993-06-12 20 >_ When High-Tech Companies need personnel, \iheypluginto6 words
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Page 21 Advertisements
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Advertisement35 1993-06-12 21 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 26 Advertisements
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Advertisement102 1993-06-12 26 I I JSHKII m sdmsk m m. m mm J m I w mm i -Vv r B 1 H H .v:'- We*re sot making light of our champs. This XVllth Sea Gwnes.we're merely taking it Ute. Grilled Turkey Breast Chicken Salad Farads Omelette with Tomato, Potato and Chives Steamed102 words
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Page 27 Advertisements
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Advertisement554 1993-06-12 27 M Nothing Beats ABucL BJ HIGH HA AT CAR CAROUSEL Adult $10.80++ Child $&80++ You'll find the most delicious variety of dim sum, pastries, nonya kueh and cakes, at our high tea buffet. Only on Saturdays and Sundays from J 3pm to 5.30pm. i Gafe i Qmrusel CjrK 24-hour coffee554 words
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Advertisement298 1993-06-12 27 WHERE TO WINE, DINE AND ENTERTAIN Make Up For Every Meal You've Had To Skip This Week a- Pw If you've been living on a solid diet of work-and-not-much-else lately, give yourself a well-earned rest and head for the PI a/a Hotel's Seafood Theatre Restaurant this weekend. Select any item298 words
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Advertisement313 1993-06-12 27 The Mandarin Singapore IS PROUD TO PRESENT THE jfr FLAVOURS OF FUJIAN J 17 To 27 June At Pine Court ML Master chefs from Fujian, China |>5 Win 2 return Air tickets to Xiamen! By courtesy of Silkair. Please call Pine Court at *****11 x 798/ 799 to make your313 words
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Page 28 Miscellaneous
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Miscellaneous2140 1993-06-12 28 TODAY'S TV MS.OO Sin Small. 8.30 Around the Werid in SO 10 30 SbJtS? SP#dal (U 1100 JUtvcntunii of Speed Racer. 11.30 Kiag Arthur and His Knights. 12.00 NN News. 12.45 Keiah Remaja AngkasaP«i(L). 2.00 Drama PMhaa (M). 3.00 Rampui Kenyalang (M). 3.30 Varia Seni (M). 4.00 Pari Seberang (Indone--6.002,140 words
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