The Business Times, 24 July 1993
1993-07-24
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The Business Times
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Title Section14 1993-07-24 1 Business Times WE KNOW ASIA MITA (P) 552/12/92 Weekend Edition, July 24-25 1993 75*14 words
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Article, Illustration422 1993-07-24 1 Lilian Ang - By Lilian Ang SINGAPORE Brisk buying in the private property market pushed loan applications for Central Provident Fund (CPF) financing to a record 4,742 in the second quarter of this year a two-third jump over the first three months* figure. The surgeSource: CPF - 422 words
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Article, Illustration494 1993-07-24 1 Neville Stack - From Neville Stack in LONDON PRIME Minister John Major won his battle over the Maastricht treaty yesterday but only on points. He did it by giving his own party an ultimatum that if they did not rally round he would call an immediate general494 words
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182 1993-07-24 1 AP JAKARTA China said yesterday that the Spratly Islands in the South China Sea are its territory, but that it is willing to settle peacefully with other claimants, news reports said. China has no intention of strengthening military power on the island chain,AP - 182 words
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Article, Illustration455 1993-07-24 1 Bloomberg Business News LOS ANGELES Six officers and directors of Apple Computer Inc were named as defendants in a shareholder lawsuit alleging that they released false positive news about the company's condition while personally selling more than US$25 million (about 5540.5 million) of theBloomberg Business News - 455 words
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655 1993-07-24 1 Yang Razali Kassim - By Yang Razali Kassim SINGAPORE A more assertive Asean is emerging from this week's ministerial talks, with the six-member group taking on a major role to reshape security and economic relations in the booming Asia-Pa-cific region. Reflecting what Singapore Prime Minister655 words
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2am LATEST
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65 1993-07-24 1 AFP HONGKONG Chinese President Jiang Zemin has called for further economic exchanges between China and Taiwan to help make his country prosperous, Xinhua news agency reported early today. According to the agency, Mr Jiang said yesterday he welcomed businessmen from Taiwan, which BeijingAFP - 65 words
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47 1993-07-24 1 UPI NEW DELHI Indian police arrested yesterday a man working for the Pakistan High Commission and charged with him espionage, officials said. Mohammed Riaz, a chaufTeur, was identified as an officer of the Intcrscrviccs Intelligence Directorate, Pakistan's intelligence agency. UPIUPI - 47 words
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47 1993-07-24 1 Reuter ROME The Italian unions and employers have formally signed a government-brokered labour accord, officials said yesterday. The accord, setting the framework for industrial relations for the rest of the decade, was agreed earlier this month and subsequently approved by union members.Reuter - 47 words
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Article, Illustration110 1993-07-24 1 Stock mariiet indices FrMay Chaage STII 1.823.08 +4.67 KLSE Composite 757.65 -2.11 Nikkei 19,734.57 -381.24 Hang Seng 6,750.33 -9.69 SET Index 194.07 -3.37 Jakarta Composite ...355.43 +0.23 CLSA China B 854.27 f 0.66 Aust All Or<J 1.806.8 +4.2 FTSE 100 2.127.7 7.6 FrMajr hwlwa I pa dme Dww110 words
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Page 1 Advertisements
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Advertisement25 1993-07-24 1 Lifestyle Cover Story: el i The war of the stores —~y~~| HBuJ The tussle for Morgan GrenfelFs Asian operations: The saga in retrospect, Page 625 words
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Advertisement16 1993-07-24 1 Thai stock market el 4 Equities a bad buy CPF investors double stock investments, Page 216 words
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Advertisement95 1993-07-24 1 Hock Lock Siew Pg s Keppel Bank's pleasant surprise More reports from Asean meeting. Page 2 v 4 > -v' j&f&L'V -vr t <' '>■ ■BSD.Man'* aclf-winding watch, individually numbered, off-center atyled day, date, pkaie) of tlic moon. *> Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel *****27/719895 words
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Advertisement11 1993-07-24 1 Book review el 6,7 jgJ 24 j Women's Movement in Smeanore11 words
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Advertisement62 1993-07-24 1 Vj- T ■/Mft mtm 1 4HMBB I'ißwWK w I COWTENTS I Notb Cwpvtes Spore Dm 2 S porMf aa 5.6 tepmi Nm 3 franco! 7 WHMNms 4 Ftitm MvMt n a« chb/Rist, sts 11.12 Rraws at? lh»ort 10 Spots 13.14 «M< 9 TV/tate ai2 tmne 7 feponrf Foob 15 9—/Cowo62 words
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SINGAPORE NEWS
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466 1993-07-24 2 26th Asean Ministerial Meeting Code of conduct of S-E A with other Asia-Pac nations one of 4 key elements ASEAN's vision of a Zone of Petfce, Freedom and Neutrality (Zopfan) brightened considerably yesterday at the 26th Asean Foreign Ministers meeting here. Officials said the466 words
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303 1993-07-24 2 PRESIDENT Bill Clinton's pro(X>sal for an Apec leaders' meeting in November is a good opportunity to ensure Washington's attention is focused and engaged in the AsiaPacific region. Conference sources at the 26tH Asean Ministerial Meeting (AMM) said this view appears to be gaining303 words
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233 1993-07-24 2 ASEAN hopes that the United Nations, which played a vital peacekeeping role in Cambodia, will now play a peacebuilding role in active partnership with the Cambodian people, said Singapore Foreign Minister Wong Kan Seng. Mr Wong told an informal discussion between the233 words
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Article, Illustration426 1993-07-24 2 Prince Moiuuned Bolkiah, Brunei's Foreign Minister, on security in the World Order "These last 18 months have seen sound political and economic development and valuable co-operation. However, in order to strengthen our position, I see two tasks ahead. Firstly, for the Asean Secretariat to be ePfective...By this426 words
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385 1993-07-24 2 CHINA wants Taiwan and Hongkong to be excluded from the proposed Apec summit as they are not "sovereign countries". But it is prepared to hear the views of the Asean countries on this issue. Briefing reporters on the385 words
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217 1993-07-24 2 INVESTORS used $269.2 million of their CPF funds for share purchases in the second quarter of this year, almost double the first quarter's $137 million. In line with the stock market's strong run-up, 64,300 CPF members opened share investment accounts during the217 words
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134 1993-07-24 2 SINGAPORE'S monthly visitor arrivals in June crossed the half-million mark again for the fourth time this year. The 524,280 figure was 10.9 per cent higher than that in June last year. It was the second highest rise so far this year both in absolute134 words
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NEWS ROUNDUP
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122 1993-07-24 2 THE inflation rate last month was 2.3 per cent, mainly because of higher housing and medical costs, compared with a year ago. For the first six months of the year, the Consumer Price Index has risen by 2.32 per cent over the same period122 words
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75 1993-07-24 2 THE National Heritage Board will come into operation on Aug 1 with Lim Chee Onn as its chairman for a three-year term ending July 31, 1996. Mr Lim will be assisted by Goh Kim Leong, permanent secretary for the Minister of Information and Arts75 words
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Article94 1993-07-24 2 HOMEGROWN pizza chain, Milano Restaurants Pte Ltd, and the Singapore Institute of Standards and Industrial Research (Sisir) have jointly developed the first locally formulated pan pizza. Milano approached Sisir's Food Technology Centre in May this year to develop the pan pizza as part of its94 words
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Page 2 Advertisements
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Advertisement584 1993-07-24 2 Reports by Yang Razali Kassim, Yong Pow Aug, Loh Hui Yin and Harish Mehta PM i HNS; MOSCOW NARODNY BANK LIMITED Incorporated in London in 1919 as a private limited company H I I I STATEMENT OF ACCOUNTS FOR THE YEAR ENDED I I DECEMBER 31,1992 I I CONSOLIDATED BALANCE584 words
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THE REGION
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530 1993-07-24 3 Alan Boyd - Taxes to be made more competitive, says finance minister From Alan Boyd in Bangkok THAILAND is preparing to revise trading regulations for its offshore banking system after foreign banks delayed using their licences because of an unpopular tax structure. Finance Minister Tarrin530 words
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379 1993-07-24 3 Reuter TOKYO Japan's economic slowdown is nearly over and conditions for recovery are in place but uncertainties remain, the Bank of Japan (BOJ) said in its quarterly economic outlook yesterday. The economy is seen moving towards a recovery inReuter - 379 words
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332 1993-07-24 3 Reuter TOKYO Belying the recession, Japanese computer chip makers said yesterday that they plan to cut holidays short and boost production this summer. Hitachi Ltd and Fujitsu Ltd plan to keep 24-hour chip production lines working throughout the summer holiday season with shift workersReuter - 332 words
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344 1993-07-24 3 AFP BEIJING Stepping up efforts to lure overseas Chinese to invest their wealth and education in China, the State Council has issued regulations to protect their rights and interests, it was reported on Thursday. The rules comprising 31 articles camcAFP - 344 words
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172 1993-07-24 3 AFP BEIJING Beijing reacted yesterday to the US House of Representatives' vole to renew China's most favoured nation (MFN) status for a further year by reiterating that the pact is mutually beneficial. A foreign ministry official said all efforts to preserve MFN forAFP - 172 words
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Article, Illustration452 1993-07-24 3 Reuter ULSAN, South Korea Thousands of riot police, backed by tear-gas vans, ringed factories owned by South Korea's huge Hyundai Group yesterday where defence contractors staging an illegal strike prepared for a raid. "We are not afraid of the government's or management'sReuter; AFP - 452 words
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403 1993-07-24 3 AP HANOI Government planners believe Vietnam's economy will grow by at least 8 per cent a year over the next two years, a state-owned newspaper reported yesterday. The Vietnam Ne*'s said the government's State Planning Committee set economicAP - 403 words
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ASIA NOTES
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Article89 1993-07-24 3 Reuter BEIJING The head of China's bid to rejoin the General Agreement on Tariffs and Trade left for Washington yesterday to address strong US reservations about China's eligibility for membership. Gu Yongjiang. deputy minister of foreign trade and economic cooperation, will hold a seventh roundReuter - 89 words
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Article86 1993-07-24 3 Reuter KUALA LUMPUR Japanese officials yesterday cautioned Malaysia against expecting a strong yen to unleash a flood of investments into the country as it faces fierce competition from nations like Vietnam and China. "There is no denying that while South-east Asian countries will post dynamicReuter - 86 words
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60 1993-07-24 3 Reuter TAIPEI Taiwan's unemployment rate rose to 1.40 per cent in June from 1.29 per cent in May, but dropped from 1.54 per cent >* in June 1992, the Bureau of Statistics said. The bureau attributed the rise over the previous month mainly toReuter - 60 words
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Article, Illustration36 1993-07-24 3 Reuter HANOI A Vietnamese shopkeeper looking out of her display of souvenir masks in Hanoi yesterday. More shops are opening now as Vietnam develops its communist economy into a marketoriented system. ReuterReuter - 36 words
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73 1993-07-24 3 AFP CANBERRA Immigration to Australia dropped by 36 per cent for the first five months of this year compared to the same period last year, according to official data released yesterday. The Bureau of Statistics said arrivals from all of Australia's major immigration sources wereAFP - 73 words
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433 1993-07-24 3 UPI Reuter ISLAMABAD Pakistan on Thursday devalued its currency by 6 per cent against the US dollar, its second devaluation within two weeks, to boost exports and meet loan requirements, the finance ministry said in a statement. The Pakistani rupee registered itsUPI; Reuter - 433 words
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316 1993-07-24 3 AFP NEW DELHI Indian opposition parties are using corruption charges to mount their most determined bid to oust the two-year-old government of Premier PV Narasimha Rao, raising the prospects of a snap election. Mr Rao's Congress (I) party. 15AFP - 316 words
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THE WORLD
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WORLD WATCH
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Article87 1993-07-24 4 Reuter BUDAPEST Net direct foreign investment into Hungary jumped to US$l35 million (*****.7 million) in March from US$44 million in February, the National Bank of Hungary said. The cumulative total for the year to date is US$296 million. Hungarian officials have estimated they will attractReuter - 87 words
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Article, Illustration64 1993-07-24 4 Reuter BELGRADE A young boy showing a 50,000,000 Yugoslav dinar bank note released into circulation on Thursday. The note is now worth a little over US$3 on the black market. The dinar slumped by more than 80 per cent on Thursday as theReuter - 64 words
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Article65 1993-07-24 4 AP PARIS President Francois Mitterrand wants former aide Jacques Attali to withdraw a book in which he plagiarised a manuscript of the president's conversations, a newspaper reported yesterday. Mr Attali, forced to quit this month as a European bank chief because of lavish spending, hadAP - 65 words
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57 1993-07-24 4 AFP MOSCOW Huge offshore gas deposits have been discovered in the Caspian Sea, 80 km north-east of the Azeri capital, Baku, Interfax news agency said on Thursday. A geologist said the find, estimated at 26 billion cubic metres, would allow Azerbaijan to be self-sufficient inAFP - 57 words
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341 1993-07-24 4 AP LOS ANGELES An international black market bidding war is forcing the Clinton administration to try to quintuple the money set aside to buy back missiles the US shipped to Afghan rebels in the 1980s. Among growing fears ofAP - 341 words
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583 1993-07-24 4 AP, Reuter BRUSSELS Opec yesterday postponed an emergency meeting scheduled next week after Saudi Arabia and Iran, the world's biggest oil producers, clashed over who was responsible for the recent sharp fall in oil prices. Officials said the talks, whichAP,; Reuter - 583 words
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298 1993-07-24 4 Reuter LONDON Britain's industrial output jumped O.S per cent in the second quarter of the year from the first, showing the long-awaited recovery is gathering pace. Yesterday's figures, in line with economists' predictions, chimed with a set of recent statistics suggesting BritainReuter - 298 words
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417 1993-07-24 4 Reuter MOSCOW The Russian parliament agreed yesterday to allow a criminal investigation against one of President Boris Yeltsin's top political allies on suspicion of embezzling state funds. Deputies voted overwhelmingly to give the green light for the probe intoReuter - 417 words
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Article, Illustration416 1993-07-24 4 Bloomberg Business News MILAN Raul Gardini. the Italian financier and former head of the Ferruzzi Group, shot himself in his Milan residence yesterday morning and died on the way to hospital, Italian television and radio reported. Gardini, 60 years old, was one ofBloomberg Business News - 416 words
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Article, Illustration184 1993-07-24 4 UPI ST PAUL, Minnesota An explosion blew apart a commercial and residential building on Thursday, killing at least one person and injuring at least 11 others. District fire chief John Bablcr said one man was killed when the car he was in wasUPI; Reuter - 184 words
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442 1993-07-24 4 AFP PARIS The French tourist season has got off to a poor start, with the strong franc deterring foreign visitors, a deepening recession at home, and to cap it all, rotten weather in the resorts. "To call it a catastrophe wouldAFP - 442 words
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420 1993-07-24 4 Reuter WASHINGTON US lawmakers edged closer to a compromise in some areas of President Clinton's economic plan on Thursday, agreeing to trim the President's proposed increase in Social Security taxes. At the same time, they ran into new troubles on anReuter - 420 words
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258 1993-07-24 4 AFP NEW YORK The sharp drop in interest rates and likely decline in future health care spending will make possible a swifter, deeper cut in the federal deficit than widely forecast, the Conference Board, an economic research institute, said on Thursday.AFP - 258 words
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COMPANIES & MARKETS
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581 1993-07-24 5 R Sivanithy - Only quotes with wide gap from stock's price will be included By R Sivanithy SINGAPORE The stock exchange has revised the controversial 20-cent levy on quotes entered into its trading system to include only those with a wide gap from a581 words
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388 1993-07-24 5 Dexter Lee - Strong demand for marine transportation and charters helps bottom-line By Dexter Lee SINGAPORE Sembawang Maritime Ltd (SML) reported a strong set of interim results yesterday, effectively exorcising the ghost of huge losses from its offshore contracting business last year. For the half-year ended June 30,388 words
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328 1993-07-24 5 William Chia - By William Chia SINGAPORE Can manufacturer Pacific Can Investment Holdings Ltd is moving further into the construction industry by acquiring a 60 per cent stake in pre-mixed concrete products company TriMix Pte Ltd. In a release yesterday. Pacific Can said its whollyowned subsidiary.328 words
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Article, Illustration751 1993-07-24 5 Alvin Tay - HOCK LOCK SIEW By Alvin Tay SINGAPORE Sim Kcc Boon, the chairman of Keppel Bank, may get another chance to silence his critics again when his newly-listed bank announces its half-time results next week. In last month's notation of KeppelSource: Bloomberg - 751 words
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Article, Illustration453 1993-07-24 5 Dexter Lee - By Dexter Lee SINGAPORE Holders of Neptune Orient Lines' (NOL) preferred shares who submitted their securities for conversion on April 13 can either withdraw their requests or go ahead at the maximum rate of $1.55 subject to future adjustments. The choice was offered by453 words
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231 1993-07-24 5 SINGAPORE Singapore Airlines (SIA) yesterday said it does not plan to accept proposals to take an equity interest in the recently-privatised Philippine Airlines (PAL). "SIA has been approached several times by various groups about buying equity in Philippine Airlines," said Rick Clements.231 words
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Article, Illustration360 1993-07-24 5 Source: Bridge Info Performance of STII's Index stocks Jul 23 Last Seasc Index Slock sale Chae factor motrrs Asimo 2.070 -0010 I 61 -3.03 C4C 7 050 0 200 5 47 60.61 Ccrcbos 5.450 -0.050 4.23 -15.15 FAN 13 200 10 24 OF Asia 2 910 -0.050 2.26 -15.15Source: Bridge Info - 360 words
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COMPANIES
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COMPANY BRIEFS
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87 1993-07-24 6 SINGAPORE Paper group Hiap Moh Corporation has reported a 21.1 per eent inerease in after-tax profit of $877,(M>0 for the interim period ended June 30. This was despite a 3.3 per eent fall in turnover to SIS million. Interim earnings per share rose from87 words
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83 1993-07-24 6 SINGAPORE Sembawang Construction has been awarded a 568.7 million contract by the Public Utilities Board for stage three of the Pulau Seraya power station project. Work will include the construction of the turbine building block, an annexe as well as water tanks, pumphouses and83 words
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45 1993-07-24 6 SINGAPORE Stamford Tyres Corporation announced yesterday that it would not proceed with plans to acquire the Australian firm of Ensign Wholesale Pte Ltd. a company engaged in the wholesale of tyres and wheels in Western Australia and the Northern Territory.45 words
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77 1993-07-24 6 AFP BANGKOK Thailand's agro-industrial giant Charoen Pokphand Group (CP) and the China Petroleum Corporation (Sinopec) have set up a joint venture to tap the petroleum markets of Laos and Thailand, a CP official said. Senior representatives from the two companies signed an agreement to setAFP - 77 words
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78 1993-07-24 6 Bloomberg Business News HONGKONG Real estate, trading and investment conglomerate World International (Holdings) said its net profit rose 50.3 per cent to HKS 1.468 billion (SS3O6 million) for the year ended March 31. The figure is after tax and payments to minority interests, butBloomberg Business News - 78 words
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255 1993-07-24 6 AFP HONGKONG Malaysia's Guoco Group Ltd has agreed to buy the Overseas Trust Bank (OTB) acquired by the Hongkong government about seven years ago to save it from collapsing, a government spokesman said yesterday. The spokesman said an agreement hadAFP - 255 words
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441 1993-07-24 6 Reuter COLOMBO Three multinational companies are fighting for a piece of Sri Lanka's newest growth industry, cellular telephones. An advertising blitz, attractive packages with free calls, high-tech instruments and a rapidly expanding network are being used to lure customers in a market whichReuter - 441 words
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Article, Illustration1024 1993-07-24 6 Magdalene Ng - The Morgan Grenfell tussle By Magdalene Ng SINGAPORE Almost two months have passed since the five top Singaporeans at Morgan Grenfell Asia Holdings (MGAH) made front-page news by quitting the firm. With their resignations effective only in November, the men have more1,024 words
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315 1993-07-24 6 Bernama KUALA LUMPUR Malaysia can expect to see more Jap-anese-based companies operating here undertaking public offer exercises to get their shares listed on its stock exchange in the near future. Hiroshi Nakano. chairman of the research committee of the Japanese Chamber ofBernama - 315 words
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187 1993-07-24 6 Bernama KUALA LUMPUR Berjaya Group Bcrhad reported a 37 per eent inerease in group pretax profit for the year ended April 30 to MS 140.16 million (5588.32 million), compared with MS 102.59 million in the previous year. Announcing its unaudited results yesterday, the companyBernama - 187 words
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Article482 1993-07-24 6 UNIT TRUSTS FUNDS Managers' meet ($> j u i 24 2f> Insurance Find Singapore Unit Trust ITT 5 :7 3 w The < ommerce I M 141 PrUO^fltlJl The Savings Fund 1.22 1.28 PruLink Mgd hund 1.14 1.20 S'porc Prog bund 0 56 iiADA !>■■—!■ > S'jxmv See FunO O482 words
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FINANCE & COMMODITIES
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353 1993-07-24 7 William Chia - By William Chia SINGAPORE Listed PT Great River Industries, one of the largest garment manufacturers in Indonesia, has tapped the Singapore offshore capital market for US$5O million (SsBl million). The two-year syndicated loan facility, with an option to extend for another year,353 words
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Article, Illustration309 1993-07-24 7 Reuter HONGKONG China is considering modelling its central banking system on the US Federal Reserve, with reform focusing on the troubled financial sector for the rest of the century, a senior central banker has said. Zhu Xiaohua, a vice-gover-nor of the People's BankReuter - 309 words
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270 1993-07-24 7 Bloomberg Business News SAN FRANCISCO BankAmerica Corp said its operating income rose 16 per cent in the second quarter as the bank struggled with the California recession and its costly merger with Security Pacific Corp. America's second-largest banking company said earnings rose toBloomberg Business News - 270 words
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277 1993-07-24 7 Reuter SHANGHAI Explosive growth of the Shanghai Metal Exchange has foreign brokerages clamouring for seats, but a senior official said that China has a long way to go before it is ready to join the international market. Exchange deputy president Hu YuezhengReuter - 277 words
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Article, Illustration473 1993-07-24 7 DBS Weekly Currency Review USS/DMK: TO TEST 1.6815? The greenback took a beating this week, falling from Monday's high of 1.7176 to reach a low of 1.6919 on Wednesday. It recovered to 1.7118 on Thursday. Although the longer-term bullish picture remains intact, some downmove in the473 words
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447 1993-07-24 7 Bloomberg ENERGY REPORT LONDON Oil futures prices in London and New York showed moderate gains yesterday after the Organisation of Petroleum Exporting Countries postponed next week's emergency meeting. Opec has set a tentative date ol Aug 10 for a new meeting. "It looks like447 words
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Article, Illustration104 1993-07-24 7 FOCUS in the currencies market were mostly in the yen and its related crosses yesterday after the 3-yen movedown overnight in the US$/yen rates. Over in the US$/S$ market. early morning buying by local banks again saw the market having a generally biddish tone. Early104 words
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Article187 1993-07-24 7 Bloomberg Business News LONDON The dollar ended higher in Europe amid intense pressure within the European exchange rate mechanism yesterday, traders said. The pound gained after sharp overnight losses as the UK Prime Minister John Major's government survived a vote of confidence in its handling of the ratification ofBloomberg Business News - 187 words
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Article82 1993-07-24 7 AFP NEW YORK The dollar moved higher yesterday against the major currencies in quiet trading marked by tensions over the European monetary system. Gold rose US$l.l5 from Thursday's close and was trading at U*****.25 per ounce. At 10:10 am (1410 C.MT) the dollar was trading at 1.7190 GermanAFP - 82 words
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Article, Illustration1589 1993-07-24 7 hikU- nanhli-il inJt iiAiiluh-J atMin\l Spin-\ tup 14 naJintt i*iirnti\ Any n-oi IVX? US$/S$ forward rates Noon July 23 s$ Bid Oder 1-month 1.6177 1.6192 2-month ***** 1.6192 I-month 1.6177 1.6192 6-month ***** 1.6193 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 10m on July 23 Singapore dollars to one1,589 words
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COMMODITIES & FUTURES
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1482 1993-07-24 8 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar futures settled firmer against the Chicago's IMM on a technical rebound as shorts covered their positions ahead of the weekend yesterday. Contracts extended losses on a weak dollar and in response to Federal Reserve Alan Greenspan's comments the FedReuter - 1,482 words
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Article581 1993-07-24 8 COMMODITY REPORTS Tin UN plunged to another historic low of M 512.40 a kg. down 10 sen from Thursday, traders said. "We see the metal heading for a big fa 11... it is seen heading below Msl2." one dealer said. lie said heavy selling by581 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article88 1993-07-24 8 TOKYO The Metal Mining Agency of Japan will begin a joint search project with China for copper and nickel deposits in central and southern parts of China, the agency announced yesterday. Representatives from the agency and China Nonferrous Metals Industry Corp on Wednesday signed an88 words
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Article88 1993-07-24 8 SINGAPORE A heavy supply situation of jet fuel in this region is causing prices to tumble to flat and even discount levels below Singapore spot quotes, traders said. The market level for jet fuel prices now is assessed below those for gas oil cargoes, while88 words
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Article89 1993-07-24 8 SAO PAULO. Bra/.il A satisfactory farm package, coupled with good prices and profits, could see Brazil 1993-94 (Oct-Sep) soybean acreage and production rise to record levels, market analysts said on Thursday. Total soybean planted area for was 10.5 million hectares, up 11 percent from89 words
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77 1993-07-24 8 TOKYO Copper demand from Japan's end-us-ers is seen slowing further toward the end of this year as demand from the semiconductor sector begins to weaken, industry sources said. Slow airconditioner sales will likely cut demand for copper tubing from this October. Japan produces about 520.00077 words
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Article1742 1993-07-24 8 Rubber HAS Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S cents/kg) (lost; Volume Open Month High Low Sett (tonnes) Interest \utT93~ mio f.MOO rTi~00 22S I 725 Sep 132 75 132.25 132.50 2.050 5.1(10 Oct 0 00 0.00 1112) 0 6 MO Nov 000 01,742 words
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REGIONAL STOCK MARKETS
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Article1177 1993-07-24 9 +4.2 Australian shares closed firmer yesterday on the hack of strong buying from offshore. Brokers said prices also were pushed upward on renewed hopes of an early interest rate cut following favourable comments by Prime Minister Paul Keating. The main market indicator, the All Ordinaries Index, finished up 4.21,177 words
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Article619 1993-07-24 9 +8.83 Share prices rose to a new record but brokers said the strong rally this past week has begun to weaken on profit-taking. "It's a welcome correction, a breather before the market kicks up again to scale greater heights," said Lisa Joson of Morgan Grenfell Philippines Securities Inc. "It's619 words
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Article545 1993-07-24 9 +95.43 Taiwan stocks surged 2.4 per cent in active trade on small deposit rate cuts by local banks, low short-term interest rates and news that the central bank had agreed to ease curbs on foreign investment in the market. The weighted index opened higher and extended its gains on545 words
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Article325 1993-07-24 9 -4.75 Stocks ended lower in weak trading with investor sentiment depressed by worsening labour disputes at Hyundai subsidiaries and tight liquidity. The market recovered slightly towards the close on institutional buying focused on low-priced shares, raising prospects of a continued rebound today, they said. The composite index closed 4.75325 words
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Article298 1993-07-24 9 -9.27 Share prices weakened on moderate volumes as investors took profits and showed concern about international markets and the strength of the New Zealand dollar, brokers said. The Dovv's 30.18 fall added to the weak tone but brokers said investors were ready to take profits after the market298 words
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WORLD STOCK MARKETS
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Article769 1993-07-24 9 Britannia Funds Slvriim nil Bid (>ll«-r Mini < jp rvpoui >11 M««i >* ftNm M>mkm(>ili Iliw: Mini \ij\ liKtxiH* *1 011*1 *lo5«W I N$ ash Iikoiik- Plus IunJ 10MOO II I'm PS i Rocinc < 2100 Sterling fquit> turn Pnhanuikr 0 4VO 1)4111 I J, f .,-j I urvl »;<|T10769 words
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Article588 1993-07-24 9 +7.6 In a session overshadowed by political uncertainty yesterday. shares in London ended the day higher, recovering from early losses with help from a firm start on Wall Street. The blue-chip FTSE 100-share index, which rose 6 points on Thursday, gained 7.6 points to close at 2.827.7 points. The588 words
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Article124 1993-07-24 9 +29.32 Speculation that the franc will be forced from the ERM drove shares up 1.49 per cent to end just shy of their resistance level of 2.000. If the speculation continues shares will likely punch through 2.000 when the August account opens on Monday, but selling by trench institutions124 words
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Article93 1993-07-24 9 -5 Italian stocks ended mixed in lacklustre trading enlivened only briefly by news of Raul Gardini's suicide, traders said. The MIB Index ended 5 points lower at 1,213. after slipping 13 points the day before. Milan Jal> 23 lir* W.'l-ilu MM vi T >m -41 itnnjh w;:4 Hi Pn»93 words
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Article127 1993-07-24 9 +0.76pc Swedish shares ended the week higher on speculation that the European Monetary System (EMS) is reaching its painful finale, and the OMX-index closed near its year-high. EMS turmoil sent the dollar higher. The all-share index climbed 0.76 per cent to 1. 138.47. The index has jumped up 25127 words
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Article165 1993-07-24 9 +7.31 Share prices held most of their intraday gains to end higher. Prices supported by a fresh wave of speculation that the Bundesbank would after all lower interest rates at its meeting next week in an effort to shore up the French franc. The 30-share DAX index closed up165 words
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Article206 1993-07-24 9 +3.23 The blue-chip SMI index, which closed 9.9 higher at 2,350.4 after last Friday's 2.396.4. had ranged between some 2.400 points on Monday and 2.280 on Wednesday. The broad SPI closed 3.23 points firmer at 1.490.02 compared with last Eriday's 1.511 points. Zurich ■lid) U tnuk-s 47\Ihmiiv«C RI 515206 words
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Article277 1993-07-24 9 •21 South African gold shares remained around their earlier afternoon highs by the close as investors held their nerve ahead of the weekend. but trade was thin. The gold index finished 51 points better at 1.863 and the JSE Industrial Index was 21 points softer at 4.527. The overall277 words
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Article251 1993-07-24 9 -28.88 Stocks opened virtually unchanged in sluggish directionless dealings, traders said. The TSE 300 Composite Index edged 0.54 points higher to 3,839.04 in turnover of 6.98 million shares valued at C 579.23 million. Declines led advances 172 to 142, with 222 issues holding steady. On Thursday, summer malaise and251 words
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Article827 1993-07-24 9 -30.18 Blue chip stocks edged higher yesterday in light trading, regaining a bit of the ground lost in the previous session's decline. At I pm EDI", the Dow Jones Industrial Average was up 2.8 points at 3,528.02. Advancing and declining shares were nearly even on New York Stock827 words
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Article161 1993-07-24 9 +5.37 Some index-related buying pushed Belgian shares to a higher close on the first day of the new forward market account, despite continuing pressure on the Belgian franc and the central bank's decision to raise three key interest rates. "There's been some in-dex-related buying after the Bel-20 Index fell161 words
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Article263 1993-07-24 9 -0.25 Dutch stocks closed lower with financial stocks leading the decline, traders said. The EOE Index of the leading 24 Dutch shares closed 0.25 point lower at 330.69 points, after reaching an intraday high of 332.54 points. The CBS trend index bucked the downward trend to close 0.40 point263 words
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Article, Illustration3023 1993-07-24 10 Reuter HONGKONG Share prices ended down hut off their lows yesterday, after overseas institutions started worrving about the state of China's economy and offloaded shares, brokers said. Selective bargainhunting reduced losses on the Hang Seng index, which fell more than 50 points at one stage in the morning. TheReuter; Source: Bridge Info - 3,023 words
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Article, Illustration519 1993-07-24 10 SHARE prices ended higher in Shenzhen yesterday. The CLSA Shenzhen A Index gained 62 points to 1.712.56 on thin trading while the B Index edged up 1.16 points to 835.89. The most active counters were Southern Glass and Zhongchu. closing 1.9 per cent and 2.9 per cent up respectively.519 words
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Article, Illustration2564 1993-07-24 10 Reuter TOKYO lok>o stocks ended sharply lower on concerns over a higher yen and political uncertainties. with the Nikkei average closing below 20.000 tor the first time in almost two weeks. I he 225-share Nikkei average slid 381.24 points or 1.90 per cent to 19,734.57. The broader first sectionReuter; Source: Bridge Info - 2,564 words
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Article, Illustration1816 1993-07-24 10 Reuter BANGKOK Thai stocks gained back some of the ground lost earlier yesterday but still ended the day lower in very slow trade as investors sold stocks that had been active throughout the week, brokers said. The SET index closed at 894.07. down 3.37 with just 3.1 billion bahtReuter; Source: Bridge Info - 1,816 words
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Article, Illustration1091 1993-07-24 10 Reuter JAKARTA Share prices closed mixed with mild gains in lacklustre trade yesterday, brokers said. The official index climbed slightly by 0.23 points to close at 355.43. Semen Gresik edged up 75 rupiah to 6.450 on heavy volume. Inducement local was unchanged at 11.000 rupiah while its foreign priceReuter; Source: Bridge Info - 1,091 words
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Article, Illustration2705 1993-07-24 11 Source: Bridge Info Source: Bridge Info (.r Or IWl I *>l \ol l>»> l»l (>* l>«* w Xl lli«h I <>«• < .unjoin* Salt- OKWl ll«h l«» Buut Viler S Or N Hi MALAYSIAN STOCKS |S9 10: MSB 50c 144) xd unch 7 140 140 I>7 140 50Source: Bridge Info - 2,705 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5583 1993-07-24 11 Bernama KUALA LUMPUR Share prices here closed firmer yesterday in active trading on strong buying support for situational counters. Slight profit-taking trimmed recent sharp gains in index-linked shares. The KLSE Composite Index shed 2.11 points to 757.65 from Thursday's close despite peaking toBernama; Source: Bridge Info - 5,583 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7730 1993-07-24 12 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The spotlight in the Singapore stock market switched from blue chips to second liners yesterday as retail investors returned to the local bourse. While institutional investors took a breather, small investors, who were sidelined for most of the week,Source: Bridge Info - 7,730 words
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Article, Illustration75 1993-07-24 12 HOT STOCK Paul Leo OVERSEAS Union Enterprises Etd has been trading in a range of $6.70 and $7.10 since midJune and it is unlikely to break out of it in the next few weeks. RSIs, stochastics and the directional indicator MACD are all neutral. However, aPaul Leo; SOURCE: BRIDGE INFO - 75 words
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Page 5 Advertisements
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Advertisement155 1993-07-24 5 PMI THI BIST BUY IN imFSURfERS PARADISE! Located right at the heart of Gold Coast with 18 Golf Courses 8 of them; Sanctuary r a M k Cove, Hope Island, Palm Meadows, Royal Pines, lip TQ V I oParkivood, Southport, Surfers Paradise \jX iirlKlfi V Carrara within walking distance or155 words
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Page 6 Advertisements
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Advertisement277 1993-07-24 6 Don't let it slip by fSSJBNew! Just $28! ffWRf PtwCTßook The all-new Apple Portable Style Writer is yours for I^ 56(5 a mt ustr y just $28 (usual $725) when you buy any Macintosh standard. It features a brilliant jjß Fowerßook. It's an oppominity not to be missed! own a277 words
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Page 8 Advertisements
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Advertisement582 1993-07-24 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN Out, I, Oiu» Teck Chuan of Blk 244 Ilougang St 22 HOB-113 Singapore 1953, have applied for a Beer House, First Class Licence in respect of premises at M/S Chaiyi KTV Karaoke, at 756582 words
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Advertisement33 1993-07-24 8 f As and when the latest Rotterdam prices are not available, the previous trading day's closing figures arc carried instead -snuMswas iSJSnn*** |F off*™ Bp the most F current ■FUst o/job |F opportunities33 words
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Page 9 Advertisements
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Advertisement84 1993-07-24 9 Stock brokers in Bombay.Calcutta and Ahmedabad did not trade yesterday to protest a decision by Securities and Exchange Board of India to suspend 10 Ahmedabad traders. fltr Edit Utilities layout Type Flcinent Window Help »i C:\VIABRO7.PMS ~[*Ml I -1 C:\VIABRO3.PMS IrTPl r TP Does Pagemaker 5 measure up? "1; F84 words
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Page 10 Advertisements
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Advertisement152 1993-07-24 10 Carrier's Visionary Opticals With an optical history dating back to 1887, Cartier's first was a hand-made lorgnette for the Princess of Essling. The result was a precision-perfect work of art in tortoiseshell and diamonds, and one that more than met the > aristocratic eye. No less splendid are Cartier's modern152 words
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Page 11 Advertisements
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Advertisement7 1993-07-24 11 REGIONAL ANALYSIS Every Wednesday, in Business Times7 words
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Page 12 Advertisements
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Advertisement149 1993-07-24 12 Cartier's Visionary Opticals With an optical history dating back to 1887, Cartier's first was a hand-made lorgnette for the Princess of Essling. The result was a precision-perfect work of art in tortoiseshell and diamonds, and one that more than met the aristocratic eye. No less splendid are Cartier's modern opticals.149 words
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SPORTS
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Article, Illustration503 1993-07-24 13 Shahiron Sahari - Optimist Junior World Championships Golf By Shahiron Sahari SINGAPORE Singapore golfers Douglas Tay and Lam Chih Bing qualified for the final championship round of the Optimist Junior World Championships in San Diego yesterday. However, Sean De Luna, the third Singaporean in the 256-strong 15-17 years503 words
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Article, Illustration563 1993-07-24 13 AFP LEEDS, England David Boon led an Australian run riot on the opening day of the fourth Test here on Thursday to virtually secure the Ashes for his side. England, 2-0 down in the six-match series, need to win this match to keep aliveAFP - 563 words
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516 1993-07-24 13 US Women's Open AP CARMEL, Indiana Sweden's Helen Alfredsson and Japan's Ayako Okamoto shot matching 68s on Thursday to share the first round lead in the US Women's Open. Alfredsson overcame a double bogey 7 on the 11th hole, sinking birdie putts ofAP - 516 words
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350 1993-07-24 13 AFP HOCKENHEIM, Germany Williams-Renault's bid to conquer Formula One for a second year running was back on the rails on Thursday, after active suspensions were allowed back in the world championship. The surprise decision was taken during a five-hour meeting of the FormulaAFP - 350 words
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SPORT SHORTS
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Article, Illustration165 1993-07-24 13 AFP NEW YORK Jackie JoynerKcrscc will compctc in just one event, the heptathlon, at next month's athletics World Championships in Stuttgart. Germany. Her husband and coach. Bob Kersee. notified USA Track and Field, the sport's national governing body, on Thursday that JoyncrKersee would compete in just the one event.AFP - 165 words
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Article, Illustration68 1993-07-24 13 Reuter NEW YORK American League on Thursday: Seattle 3 Cleveland 2; Kansas City 12 Detroit 6; NY 12 California I: Boston 9 Oakland 7; Chicago 7 Milwaukee 2; Minnesota 8 Baltimore 4; Toronto 8 Texas 7. National: SF 4 Philadelphia I; Cincinnati 7 Florida 3; Pittsburgh 8 Atlanta 7;Reuter - 68 words
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Article, Illustration296 1993-07-24 13 Reuter Reuter Reuter Reuter AFP TOKYO Nikkei Cup leading second round scores yesterday (Japanese unless stated): 137 Toshiaki Odatc 66 71 138 Peter McWhinney (Aus) 69 69 119 Hisayuki Sasaki 68 71 140 Yoshihisa lwashita 69 71 141 Yoshitaka Yamamoto 72 69, Hidcyuki Sato 71 70, Lin Chiehsiang (Tai)Reuter; AFP - 296 words
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Article, Illustration59 1993-07-24 13 AFP BORDEAUX, France Djamolidine Abdoujaparov of Uzbekistan won the 18th stage of the Tour de France cycle race over 200.5 km between Orthez and Bordeaux yesterday. But Spain's Miguel Indurain retained the yellow jersey and there seems nothing that can stop him from clinching a hat-trick of Tour dcAFP - 59 words
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Article, Illustration62 1993-07-24 13 Reuter FRANKFURT, Germany Florencia Labat won the last nine games in a three-set win over Lori McNeil, leading Argentina to an upset victory over the US on Thursday and a place in the semifinals of the Federation Cup. In the semifinals today. Argentina will meet Australia, which advanced overReuter - 62 words
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Article, Illustration854 1993-07-24 14 Claire Smith - By Claire Smith NYT NEW YORK It has become something of a common practice for major league baseball to borrow from the successes of the National Basketball Association. Rookie development seminars, All-Star weeks as opposed to a single-day event, even All-Star NBA home-runNYT - 854 words
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Article1373 1993-07-24 13 g& nil ra nm in MmM GA929 1)20 SO228 2120 H— RJ187 0135 GA891 1335 GA890 0001 KL837 1445 KL838 2310 SQ323 1555 SQ324 0105 Mmm SQ347 1736 tecMHi NZ21 1820 NZ22 1935 SQ288 2030 Mgrii GF148 0905 MNM BM21 1105 SQ182 0915 SQ181 1410 BI4221,373 words
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Page 13 Advertisements
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Advertisement138 1993-07-24 13 I^Hpbster/Shark's Fin 0 PERSONS g' ■p Lobster Salad with Fresh Fruit i- Shark's Fin with Spring Chicken i' VyV J Deep Fried Crispy Chicken ir/ Deep Fried Salted Live Prawns jy/// Steamed Red Fish with i///// Soya Bean Crumbs fjr 1 Sliced Cuttlefish with Broccoli E-Fu Noodles with MffAfA// Shredded138 words
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Advertisement41 1993-07-24 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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Article402 1993-07-24 14 Vwsd ¥oy N> Btrih UnM Dtpartot iurong Port Bangkaia RCS/32 19 alongside 2407/0200 BopMHatsoara 10 13 alongside 24.07/0600 Gra««n<ld ilt/19 alongside 24.07/1200 tea EM) 01 93 112 alongside 24.07/0700 Hondo 07/07/93 11 iongside 24.07/0100 ta«a SO 07/93 118 atagsi* 24 07/1500 Rathmanuel I SBN 11/93 12/3 alongs*402 words
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Article1898 1993-07-24 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS 9* <o1 Kb Cwtatwrs a«fabtc SHp Itoy Hi »*l* E Better 48 300 22 07 93 0700 ffer ftwi 170CW COO(EST) 23 0793 2000 Ned Oceana 2233 22.0793 0750 Mekhank Bar 18CW93 COO(EST) 23 07 93 1500 E Gome RE 0561,898 words
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Page 14 Miscellaneous
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Miscellaneous469 1993-07-24 14 CRYPTIC CROSSWORD 1 Depressed when more speed is ■BT-■H-"lhT required 10 Place in the room a handsome 1 Your turn to howl, so to speak ■■"""""MB ""Hb~"" 12 Entertainments being after 12 I I I I I I I I take no food round the banquet (5) —WSiBI—Pii^JPI-— M— 14469 words
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REGIONAL FOCUS
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Article, Illustration900 1993-07-24 15 Stephen Vines - Reviving Thailand's economy From Stephen Vines in HONGKONG AN EXTRAORDINARY Tyrol ian-style palace peeps out of the trees in the hills of Doi Tung. Every now and again the peace of the countryside is broken as the palace gates open to emit a convoy of900 words
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Article, Illustration573 1993-07-24 15 Alan Boyd - From Alan Boyd in BANGKOK CLOSER economic ties with China have led to an unexpected boom in the number of tourists visiting Thailand, leading a recovery from two years of low arrival figures. The Tourism Authority of Thailand (TAT) reported on Thursday that 120,433 mainland573 words
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Page 15 Advertisements
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Advertisement173 1993-07-24 15 TELL YOUR BOSS If yoore really Mir) yoo'll read between lk« line* and find oul SMART it'» al»o ktcaiM you can win free life memberihip lo COMPANIES Ike Polai Spring* Coif Country Clwb, SUBSCRIBE Noeleui Vi»»al video phone*. Telecom Partner band phone* and many other prieet. TO THE ■•I don't173 words
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519 1993-07-24 16 French central bank jacks up overnight lending rate to lOpc from 7.75 pc Reuter PARIS France and Germany yesterday promised to defend the French franc from an increasingly fierce speculative attack that threatens to blow apart the European Community's semi-fixed currencyReuter - 519 words
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483 1993-07-24 16 Reuter MOSCOW A parliament crackdown sent shock waves through Russia's foreign banking community yesterday as bankers mulled over reaction to proposals endangering their licences. Parliament, a fierce opponent of President Boris Yeltsin's reforms, ordered the cancellation of all foreign bank licences issued inReuter - 483 words
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229 1993-07-24 16 AFP HANOI The city has opened its first duty-free shop, putting the Vietnamese capital on equal footing with other cities in the country that already attract foreigners to stock up on luxury goods. The new shop, situated in the Giang Vo diplomatic quarterAFP - 229 words
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302 1993-07-24 16 Reuter ST LOUIS The US Army Corps of Engineers said yesterday that the devastating flooding along the Mississippi River could last at least into September. The floods, which began six weeks ago. have killed at least 31 people, displaced 31,000 others, destroyed 16,000 squareReuter - 302 words
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188 1993-07-24 16 AFP BEIJING At least 59 people died when a passenger jet skidded into a lake yesterday after an aborted attempt to take ofT on a flight from Yinchuan airport in north-western China. Xinhua news agency reported. The agency said an Englishman wasAFP - 188 words
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205 1993-07-24 16 Reuter HONGKONG Hongkong named a boundary and election commission yesterday despite accusations from China that the body is part of a dirty tricks campaign by Governor Chris Patten. Mr Patten appointed High Court judge Woo Kwok-hing to chair the commission, created underReuter - 205 words
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553 1993-07-24 16 Bundesbank favoured due to its independence from govt Reuter NEW YORK Unrelenting Congressional pressure to increase accountability of the US Federal Reserve is putting ofT other nations which arc establishing independent central banks, economists say. Consequently, analysts say, the Bundesbank hasReuter - 553 words
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Article, Illustration578 1993-07-24 16 AP TOKYO Japan moved closer yesterday to a possible change of power its first in 38 years as major opposition parties lined up behind a proposal for a coalition government to clean up rampant political corruption. The signs of opposition unity dealtAP; Reuter - 578 words
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316 1993-07-24 16 Reuter TOKYO A prefectural governor was arrested in a new bribery case yesterday, widening Japan's latest corruption scandal involving local government chiefs and leading construction companies over public works projects. News and television reports said prosecutors arrested Ibaraki governor Fujio Takcuchi for allegedlyReuter - 316 words
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384 1993-07-24 16 AFP ABU DHABI A steep decline in oil revenues has forced several Arab states to borrow more from abroad and this has pushed the total Arab debt to more than US$2OO billion (***** billion), a study showed yesterday. While debts in developingAFP - 384 words
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Page 16 Advertisements
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Advertisement5 1993-07-24 16 [management] Monday in Business Times5 words
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Executive Lifestyle
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Article, Illustration1650 1993-07-24 17 Jenny Lam - As Asia's megastores muscle in on Orchard Road, how will local retailers respond in the fight for customers? Jenny Lam reports Jenny Lam This article first appeared in the July issue of Singapore Business BY 1995, 32 shopping centres headed by megastore newcomers like TakashimayaPhotos by Chris Loh, design by Ben Cruz - 1,650 words
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STRAWS IN THE WIND
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Article82 1993-07-24 17 A FOREIGN news agency in Singapore, which once got duped into thinking Nobel laureate Aung San Suu Kyi was chairing a press conference here, warned its staff to be wary of crank callers. So they pooh-poohed when someone called about the launch of an Indian investment82 words
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Article39 1993-07-24 17 EATING places like to flaunt their house specialities, whether it's lobster thermidor or steak tartare. A new cafe at Boat Quay lists specialities like Penang Char Kway Teow, Gado Gado and "bread roll". Check it out.39 words
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Article84 1993-07-24 17 A FEW weeks ago in this column, we ran an item about radio deejay Mr X, commenting on a conversation he had with a caller on one of his chat shows. Apparently, we misquoted that conversation. We are sorry about that. But to Mr X, who is84 words
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OPINIONS
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Article784 1993-07-24 18 Juwono Sudarsono - Juwono Sudarsono on Jakarta's decision not to send Indonesian troops to Bosnia Juwono Sudarsono The writer is dean of the school of social and political sciences. University of Indonesia. This commentary first appeared in The Jakarta Post THE INDONESIAN government has wisely restrained itself from embarking on784 words
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Article, Illustration944 1993-07-24 18 Neville Stack - Pleading leniency for the two British women imprisoned in Thailand for drug trafficking was sheer folly, writes Neville Stack Neville Stack The writer is a UK-based journalist who contributes to BT THE TWO British girls who were released from jail in Thailand this week, as an944 words
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Article215 1993-07-24 18 David Brazil - LETTER TO THE EDITOR David Brazil AS AN ex-Londoner now happily living (and enjoying the food) in Singapore, may 1 formally apologise on behalf of London to Jaime Ee? For it appears that her recent visit to London was seriously flawed by her inability to track down a215 words
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PROFILE
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Article, Illustration3116 1993-07-24 19 Mark Lawson - Before Chris Patten's arrival, the game between Britain and China for the prize of Hongkong had, over 150 years, gone 6-0, 6-0, 5-7, 2-6, 1-5. Arriving at match point in the final set. Patten has, in the past year, held his serve. Mark Lawson meets Hongkong's3,116 words
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Article, Illustration815 1993-07-24 22 JAIME EE - CjDema Review By JAIME EE SL/l t'R is such an odd name for a movie. It sounds like a horror movie with something slimy in it. You know, like maybe a deranged geoduck clam escapes from a Japanese restaurant and goes on a rampage through New York815 words
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Article, Illustration770 1993-07-24 22 SUSAN TSANG - By SUSAN TSANG A TITLE like Mad Dog And Glory sounds Uke lots of action and panache, especially with Robert De Niro in it. Not so fast though De Niro's "Mad Dog" Dobie is bo Cape Fear character. Rather, he's a police photographer ironically named770 words
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Article, Illustration1080 1993-07-24 22 Schutz Lee - Schutz Lee reviews a book that examines the past struggles, present achievements and future challenges of the local women's movement Schutz Lee \oices and Choices: The Women's Movement in Singapore By Jenny Ijun Lin, Phyllis Chew, Lisa Kong and Tan fce Sue Published hy thePhotos from the book - 1,080 words
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Article, Illustration679 1993-07-24 23 SUSAN TSANG - By SUSAN TSANG TAISEI. already known for its annual Singapore Coin Auction'and the Singapore International Coin Convention, has been broadening its range. Last April, it organised an exhibition and auction of over KOO Chinese Paintings to help restore the Cireat Wall of China, and in November,679 words
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Article, Illustration777 1993-07-24 23 R SIVANITHY - CD Review By R SIVANITHY o£Z\ OSBOLRNE: Live and Loud BACK IN 1970. long before the likes of Iron Maiden. Mcgadeth and Metallica jumped on the satanic-metal music bandwagon. there was Black Sabbath, acknowledged as one of the earliest and biggest influences on hard rock today. Now.777 words
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HEALTH & FITNESS
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HEALTH Notes
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179 1993-07-24 24 Journal of Neurology PEOPLE who abuse mail-order "uppers," or other stimulants made primarily of the drug ephedrine, may risk suffering a stroke. While such pills are considered safe if taken according to package instructions, people can easily become addicted to them. AndJournal of Neurology - 179 words
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Article174 1993-07-24 24 AFP TECHNOLOGY that has helped crippled dogs walk again may soon be tested on human paraplegics. Researchers planted small, battery-powered devices in 13 dogs whose hind legs were totally paralysed by a spinal illness to promote healing of the damaged nerve tissue. Seven were able to walkAFP - 174 words
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Article165 1993-07-24 24 European Journal of Social Psychology. MAKE a stupid mistake and you feel embarrassed about it. But you don't have to worry about being branded for life. You can restore your reputation pretty quickly; all it takes is a single sign of intelligence or competence,European Journal of Social Psychology. - 165 words
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Article123 1993-07-24 24 Psychology Today. PARENTHOOD has many charms. It also works wonders as a suicide preventive in women. A team of Norwegian physicians enrolled a million women in a study and collected information about them over 15 years. It found that married women had lower rates of suicide thanPsychology Today. - 123 words
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Article707 1993-07-24 24 Heidi Nolte Brown - Every year, about 1,000 men, about 0.5 per cent to one per cent of the total number of breast cancer cases, are stricken with the disease in the US, reports Heidi Nolte Brown Heidi Nolte Brown AP WALTER, a 64-year-old. considered himself to be inAP - 707 words
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Article, Illustration440 1993-07-24 24 Daniel Haney - Daniel Haney on a study which shows that women who consume foods rich in vitamin A are less exposed to the risk Daniel Haney AP EATING spinach, carrots and other foods rich in vitamin A seems to slightly reduce a woman'sAP - 440 words
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PEOPLE
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Article, Illustration198 1993-07-24 24 SCOTTS Holdings hosted a farewell luneh for the outgoing Indian High Commissioner. Yogesh MTiwari recently. The event held at the Movenpick Restaurant in Robinson Tower was also attended by about 40 close friends and business associates. Scotts Holdings is a major local property investment andPhotos by Arthur Lee - 198 words
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TIME OFF
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Article, Illustration664 1993-07-24 25 Corinne Kerk - Corinne Kerk gets sentimental over your friendly village pub, in a hotel, and is hypnotised by the resident band there Corinne Kerk DOWN at The Cricketer Pub. you don't have to be a cricketer to feel at home. As a matter of fact,664 words
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Article103 1993-07-24 25 Dirty Laundry What does a person have to do to he a success in life? Leonard Tay llnds out when he becomes the fifth most popular man in Singapore in Theresa Tan's wicked comment at the media and Singaporeans. On till tomorrow Xpm: with a matinee today at 2.30pm.103 words
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Article, Illustration244 1993-07-24 25 Artistes Against Hunger Organised by World Vision: AWOL. Stomping Ground, and more take to the stage in this famine awareness concert. Tomorrow. 7pm at the SLF Auditorium. along Thomson Road. Free. SSO in Concert Featuring soloist Lynette Seah on violin. the SSO will perform selections from Beethoven. Dvorak and244 words
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Article, Illustration141 1993-07-24 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. Problem is. Man is slowly destroying his home planet. I lam. 12pm. 2pm. 4pm. spm and 6pm at the Singapore Science Centre's Omni141 words
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Article522 1993-07-24 25 Blue and White Porcelain Tianminlou Collection The world's most comprehensive collection of C hinese blue and white porcelain art from the Tianminlou Foundation. On ai the Empress Place Museum Hall 6. 9am to 6.30pm daily. Jingzhen Ceramic and Porcelain Exhibition Ceramic works by reputed artists from China522 words
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Article134 1993-07-24 25 Christopher Toh - Compiled by Christopher Toh Simple and Trouble A repertoire by young choreographers from the People's Association Dance Company and the Singapore Dance Theatre who explore different forms of choreography and create new platforms for experimentation. Today. 3pm at the Guinness Theatre. Tickets are at $8. journey of134 words
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EPICURE
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Article, Illustration682 1993-07-24 26 Shahiron Sahari - Shahiron Sahari meets Mikio Mori, owner of Kurama Japanese Restaurant, and is entertained in true Japanese fashion Shahiron Sahari MIKIO Mori is not your average Japanese company man the kind that's married to his job, waits patiently as he crawls up the corporate ladder, and who682 words
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Article676 1993-07-24 26 SAKE, Japan's traditional rice wine, is a drink of many moods and purposes. It is a drink of great importance in Japanese culture and no Japanese meal is complete without a good sake. Mikio Mori, a Japanese resident in Singapore for the past 16 years, opened676 words
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Article, Illustration708 1993-07-24 26 N K YONG - Wine By N K YONG FOR WINE lovers, Bordeaux, the self-styled wine capital of the world, is the Mecca, the first choice of venue. It is the most famous, the most popular and the most evocative. Burgundy is a region of negociants (wine-shippers) and small wine708 words
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Article, Illustration1053 1993-07-24 28 Aladdin. A typical Disney version of the fairy tale, complete with pop tunes. A street teen becomes a prince, thanks- to a genie with the wit of Robin Williams. Yishun 10: 10; 2.10; 4.05; 6. Alive. A rugby team gets stranded in the Andes. Ethan Hawke and company chew1,053 words
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Page 17 Advertisements
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Advertisement157 1993-07-24 17 n n n n 244>oof "tcmn ft S*tvk* ft Apprt>v*r 1800 334 358 8 feWJF t < j IT j .fs&dl i||^^^H||H >- J i^HSHI _^JS| u' 16SkBV«^'"JET \-i"it^^^^^l^Blßß^BßSHlßflSfl>K.* AtiiUhlrruluwrh SINGAPORE Burberry* Main Shop 4V> <Hi hard Road. «>2-42/ 45/44. Wuma Atria. S.iigapore l«rt TH 7M7115 Burberry* Shop-ln-Sbop DAIMARI' DFS157 words
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Page 18 Advertisements
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Advertisement818 1993-07-24 18 gS Hai Sun Hup Group Ltd (Incorporatod in tw Rspublc of Singapore) NOTICE OF ANNUAL GENERAL MEETING I NOTICE IS HEREBY GIVEN toat toe Fifteenth Annual General Mailing of the Company wfl be held at the East Indta Rooms, Raffle* Hotel on Thursday, 12 August 1093 at 3.00 pm to818 words
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Advertisement31 1993-07-24 18 L It BT wlw» letters J J from you. Please C c i i j) 390 Kim C you contact numbers. > r LAW PAGE Every Thursday, in Business Times i i31 words
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Page 18 Miscellaneous
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Miscellaneous55 1993-07-24 18 A COUPLE. OF APPI£. IT'S TO R€™itfD TMe ft BIT OF ORftNGe. "E£i-., £°g.S" D<*** cUftMIHG LftDt£S I SHU. ft *.>«. OF cSsptfe:... u»R< Heßc t «wm» mj w POONESBURY GARRY TRUDEAU *cq.ire«aaggio:|lll=l] uuu IN MtmeoHßTOisria/ mmam.imrmß! 1 a^iES? OUTCFHtfb! THBISS FI HWCAHfOOMPUCfiTIONS. iHMtAUOOB Y7 ANY AT ALL, TM6&N6 TO55 words
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Page 19 Advertisements
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Advertisement14 1993-07-24 19 PORT SHOTS The latest in sea, air and land transportation, u Shipping Times. BlSnessTimes14 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration521 1993-07-24 20 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities. Baring Securities. Daiwa Securities Singapore. DBS Asset Management. Kim Eng Securities. .Morgan Grenfell Asia. OCBC Investment Research. Ong Co. Phillip Securities. Smith i\ew Court. Tat Lee Securities, and WSource: GK Goh Research - 521 words
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Article, Illustration214 1993-07-24 20 Paul Schymck - Paul Schymck Economist Hoare Govett Asia HE economic I backdrop for A Asian equities remains favourable as we continue to see higher GDP growth rates across Asia. Inflation is picking up slightly in several countries but remains moderate overall. The external balances are rapidly being restored to214 words
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Article, Illustration1568 1993-07-24 20 Jardine Fleming Thanakom Securities on the Thai stock market WHILE the macro picture of Thailand appears to indicate a pickup in growth, a bottom-up look at the stock market shows that there arc few companies or sectors which canSource: Flemings Research; Source: Jardine Fleming - 1,568 words
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853 1993-07-24 20 Paul Leo - Paul Leo gives details of the scheme which promises unlimited upside potential and limited downside risks Paul Leo American Express Bank has offered an investment programme with unlimited upside (profit) but with the downside (loss) limited to the amount of interest an investor would853 words
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Article, Illustration1124 1993-07-24 21 Anthony Rawlinson - Strategic positioning is the key to financial success, advises Anthony Rawlinson Anthony Rawlinson The writer is a vice-president of Citibank. N A MOST professionals do not spend enough time looking after their personal financial assets as they spend most of their time and effort onSource: CitiBank - 1,124 words
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Article, Illustration417 1993-07-24 21 Chew Eng Han - CHART By Chew Eng Han The writer is assistant manager of investments at NTVC Ineome Despite the strong gains seen this week, the Straits Times Industrials Index remains in a bearish trend. The index reeorded a significant peak at 1.910Source: Bloomberg - 417 words
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310 1993-07-24 21 INVESTING YOUR Q: Some time ago, I deposited $500 into my wife's CPF account to activate h as she had stopped working 20 years ago. The purpose of activating the account is to trade in Telecom shares. I then brought310 words
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Article, Illustration839 1993-07-24 21 Chew Eng Han - With world demand remaining modest and inflation rates at a low, bonds are natural performers, says Chew Eng Han Chew Eng Han BOND markets retreat at the slightest traee of inflation, but thrive when economies slump. In today's deflationary environment, where839 words
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777 1993-07-24 21 Next publication date: August 21, 1993 IX'posit amount l-wk l-mth I mlh 6-mth Amex Bank cs S$5.000- liSS20.<*H> 2.4375 2.5000 2.5625 2.7500 Above IJSS130.000 3 1875 3.2500 3.3125 3.5000 ECU Below US$5,000 01)000 0 0000 0 0000 0.0000 Above777 words
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Page 21 Advertisements
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Advertisement34 1993-07-24 21 Clear your doubts on how to invest your CPF savings with the panel from DBS Bank. Send your questions to Business Times, Investment QAA, 390 Kim Seng Road, S'pore 0923. Or fax to 733-5271.34 words
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Advertisement21 1993-07-24 23 AD-LIB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. r I 1 Business Times •FOUNT ASM21 words
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Advertisement130 1993-07-24 25 'SBliii Money makes money. Let the experts tell you what, where and how. Don't miss this year's supplement: "Investing around the World". •••>..- C There is plenty of money-making topics, including: ma I Iba m a Ama Stocking up stocks experts review opportunities in WPIKBuum^MI I■■ Vf IIIIIL Singapore, Malaysia,130 words
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Page 26 Advertisements
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Advertisement320 1993-07-24 26 NOT ICES r M THE MATTER OF 1 THE COMPAMES ACT, (CHAPTER 50) ANO M THE MATTER OF nffliow TRADING FTC LTD (Incorporated in the Republic ol Singapore) (In Liquidation) (In AAambars* Voluntary Winding Up) NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed company, which is being voluntarily320 words
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Advertisement340 1993-07-24 26 M THE MATTER OF UTB TRADING PTE LTD (M MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Campania* Act, (Chapter SO) that the Final Meeting of the Men-bere of the abovenamed Company wil be held at 101-A Upper Cross Street. #11-22340 words
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Advertisement311 1993-07-24 26 la Ike Matter ef Ike Companies Act, Cap. SO And la the Matter oTFULLINE PTE LTD (la Moabcn' Voluntary I LpUA.) NOTICE is hereby given thai the Creditors of the above-named Company are required on or before 24th August 1993 to send in their names and addresses, with particulars of311 words
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Advertisement296 1993-07-24 26 la Ike Matter of Ike Companies Act, Cap. 50 And la the Matter of JACK MARKETING PTE LTD (la Members' VotanUry liquidation! NOTICE is hereby given that the Creditors of the above-named Company are required on or before 24th August 1993 to send in their names and addresses, with particulars296 words
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Page 27 Advertisements
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Advertisement887 1993-07-24 27 NOWmtf BCfltSAßlldi WHERE to wine, dine and entertain or v" ifc \ao( i Alan Ng, food writer of l.unhc Zantoao.'lt's a high tea of distinct difference from those we had tried Uxrally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa, Fried Kway Teow,887 words
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Advertisement302 1993-07-24 27 111 ar« tquaily (Mkioul oo«t to cKoos* ■■KAMUHBHBHBI^H '*48|Pf Talwyowrpick. Taalm a imw country iwrywon^i. th» itatfel Or tiro om Noon -2. pm Only $30+-t- pmr porton. r#r rw#fvortofn ploo i# coll *****51 IT 1 M V >1 XJ T|| •mtd.yyMii Saturday Spectacularl 1 > Jjnlj I .[sll i kjjj302 words
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Page 28 Miscellaneous
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Miscellaneous2424 1993-07-24 28 TODAY'S TV Hotscslww 12.15 HI TV Pendulfliaii. Hu!|jQlu2&9! 1135 am 100 jj? b RM,a a The Women Of Windsor (PI 2), Van Can Cook, 1.25pm, SBC 5 2JJ 9pm, SBC 12 Those who like leftovers will S®?? J®® S^SSmM) Second part of the story of two love this week's recipes.2,424 words
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