The Business Times, 14 August 1993
1993-08-14
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The Business Times
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Title Section16 1993-08-14 1 Business Times WE 1 KNOW ASIA MITA (P) 552/12/92 Weekend Edition. August 14-15 1993 75 c16 words
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495 1993-08-14 1 Magdalene Ng - By Magdalene Ng SINGAPORE The CPF Board said yesterday that account holders will only be allowed to withdraw profits made on investments bought after Oct 1, the effective date of the newly liberalised CPF investment schemes. The new ruling495 words
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Article, Illustration539 1993-08-14 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Malayan Banking Bhd yesterday announced a 50 per cent jump in group earnings for the year to June 30. and rewarded its shareholders with a generous one-for-two bonus share issue. The bank said in a statementSource: Bridge Info - 539 words
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293 1993-08-14 1 Ang Wan May - By Ang Wan May SINGAPORE After a twoyear delay caused by complaints from owners, the government has gone ahead to place more than five hundred houses in the Mountbatten and Joo Chiat area under conservation. An Urban Redevelopment Authority293 words
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Article, Illustration625 1993-08-14 1 Antnony Rowley - From Antnony Rowley in TOKYO THE YEN soared beyond the 102 level against the US dollar in early trading yesterday, just hours after Japanese Prime Minister Morihiro Hosokawa appealed for international intervention to restore calm in currency markets. However, Japan's major tradingSource: Bloomberg - 625 words
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2am LATEST
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84 1993-08-14 1 Reuter WASHINGTON Former Vicc-Prcsidcnt Walter Mondale, sworn in last night as the new US ambassador to Japan, says correcting the US-Japan trade imbalance is the most pressing bilateral issue, having an impact far beyond both countries' borders. He ruled out Washington playing aReuter - 84 words
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84 1993-08-14 1 AP SEATTLE The Boeing Co has received a boost in negotiations for its share of an expected 80-planc order by Saudi Arabia's national airline. The Export-Import Bank of the US has given preliminary approval to a commitment of up to US$6.2AP - 84 words
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60 1993-08-14 1 Reuter GENEVA Bosnia's Muslim President Alija Izetbcgovic said last night that he had been told Serb forces had agreed with UN peacekeepers to withdraw from a key height over Sarajevo by this afternoon. "According to information we received half an hour ago... they willReuter - 60 words
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Article, Illustration110 1993-08-14 1 Stock Market indkii Friday Ckaagr STII 1,917.17 +15.07 KLSE Composite 771.91 -4.25 Nikkei 20.745.17 -20.11 Hang Seng „.7.392.25 +52.70 SET Index 959.M -3.45 Jakarta Composite ...379.94 -0.35 CLSA China B 905.5 +32.5 Aust All Ord I.S55.9 -17.4 FTSEI00 3.010.1 +1.0 ■>—* r nwy rui iuw Ipa ck>* Dow110 words
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Page 1 Advertisements
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Advertisement23 1993-08-14 1 J r i' t fe> v- )=//'|,)"_^[\`?|:|@@,-</=$_'!-" Ong Teng Cheong (left) quits government and PAP, Tony Tan made PAP chairman Full report, Pg 223 words
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Advertisement8 1993-08-14 1 Lifestyle Cover Story: el/i Passages for the privileged8 words
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Advertisement28 1993-08-14 1 Stocks: els Bargains on SES Nafta: Agreement on key side deals reached, Back Page Seoul: Financial sector in turmoil after Kim's ban, Pg 7 Millionaires' bungalows, Pg 228 words
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Advertisement280 1993-08-14 1 Hock bwk $iew: pg 6 jj —I*i i u \Vhat nSSt for investors? Conversations at Raffles: EL3 Penang Chief Minister Koh Tsu Koon V,18* CONTENTS J port News 2 S porf-tfT sa U Reporwl News 3 Fanned 7 World News 4 F tutiytt MlrtMtl Qpnom EL 2 CM>/KISL SES 1112280 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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77 1993-08-14 2 fORMER Cabinet Minister Ahmad Mattar resigned as assistant of the People's Action Party on Aug 5 but remains a ri\ember of the central executive committee (CEC), the party announced yesterday. The CEC elected Lim Boon Heng, Minister in the Prime Minister's Office and Second77 words
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Article, Illustration63 1993-08-14 2 NATIONAL Trades Union Congress (NTUC) assistant secretary-general Othman Haron Eusofe (left) has been promoted to deputy secretarygeneral with effect from yesterday. NTUC secretary-general Ong Teng Cheong said Mr Othman is one of the union's stalwarts who have played a key role in keeping industrial peace and63 words
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Article85 1993-08-14 2 SPEAKER of Parliament Tan Soo Khoon leaves for Jakarta on Monday to attend Indonesia's 48th Independence Day celebrations the following day. Mr Tan will be accompanied by Ibrahim bin Othman, MP for Thomson GRC; Dr S Vasoo, MP for Tanjong Pagar GRC; Peh Chin Hua,85 words
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Article95 1993-08-14 2 THE Kolam Ayer community centre will offer a course on "Career in Real Estate" every Thursday from Sep 23 at 7.30pm. The course, to be conducted in English, comprises 10 two-hour sessions. The fee is $90. The maximum class size is 25. Those interested95 words
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Article, Illustration580 1993-08-14 2 Anna Teo - By Anna Teo DEPUTY Prime Minister Ong Teng Cheong will resign his government and party posts on Monday to contest the Aug 28 presidential election. His resignation as chairman and member of the People's Action Party (PAP) was accepted on Wednesday580 words
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353 1993-08-14 2 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE The labour movement's retail cooperative, NTUC Fair Price, last night announced a lower dividend despite higher profits and sales. It also announced that its chairman, Gopinath Pillai, would be stepping down. Its group net profit353 words
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Article, Illustration79 1993-08-14 2 URA conservation THE MILLIONAIRES' bungalows in the Mountbatten Road conservation area sprouted in the 1930s on land originally used for the planting of coconuts. Famed for its beaches, Mountbatten was a popular weekend haven, especially for the richer Europeans and the Straits-born Chinese.79 words
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Article, Illustration66 1993-08-14 2 THE DEVELOPMENT of shophouscs and residential buildings in the 1920s and 1930s was a direct result of Straits Chinese shifting from the Tclok Aycr area to the cast of the island. The picture shows a shophousc in Joo Chiat with an facade borrowed66 words
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158 1993-08-14 2 THE Life Insurance Association (LIA) of Singapore plans a major study of the Republic's retirees. The survey, which could take up to a year to complete, will look at their health, social and financial profiles. LIA president Andrew Tan says there are two reasons158 words
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402 1993-08-14 2 Claire Leow - Photos by Chris Loh By Claire Leow US TAPE drive maker Archive Singapore is putting its Jurong plant up for sale and relocating its operations to New Tech Park in Lorong Chuan in October. Sources close to Archive said its operations402 words
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Article180 1993-08-14 2 LOCAL realtor ERA Realty Network has set a target of operating eight branch offices in the next two years from just one now, said managing director Harry Chua yesterday. The real estate agency opened its first branch in Bishan in January. Since the opening,180 words
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Article222 1993-08-14 2 COMMODORE (Res) Teo Chee Hean, Minister of State for Finance and Communications, will lead a trade mission to Myanmar next week. The mission will comprise 10 officials and 39 companies and will cover Yangon and Mandalay from Aug 16 to 23. It follows an invitation222 words
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THE REGION
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Article, Illustration386 1993-08-14 3 Loh Hui Yin - From Loh Hui Yin in BANGKOK ABOUT 100 people were feared dead after a hotel in north-east Thailand collapsed like a house of cards yesterday morning. Among those known to be at the Royal Plaza Hotel in Korat city wereReuter - 386 words
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372 1993-08-14 3 Reuter TOKYO Japan's finance ministry, struggling to cope with the country's worst postwar recession, yesterday won approval to restrain growth in national budget spending in the next fiscal year. The cabinet of Prime Minister Morihiro Hosokawa backed the ministry's request to holdReuter - 372 words
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ASIA NOTES
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79 1993-08-14 3 Reuter JAKARTA Indonesia will maintain a policy of using Western warplanes despite the relatively low cost of ex-Soviet fighters since the collapse of the Soviet Union. Antara news agency yesterday quoted Rear Marshal Suwamo as saying that although ex-Soviet planes were being sold cheaply,Reuter - 79 words
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100 1993-08-14 3 AFP JAKARTA President Suharto has converted a life sentence handed down on captured East Timorese pro-independence Leader Xanana Gusmao to a 20-year jail term. State Secretary Murdiono said yesterday: 'The president, after considering proposals from the Supreme Court and the justice minister, has granted: clemenciesAFP - 100 words
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Article125 1993-08-14 3 Reuter BEIJING China has told the US to stop interfering with a Chinese ship alleged to be canying chemical weapon materials to Iran and said it would hold Washington responsible for all consequences of the row. US Secretary of State Warren Christopher said theReuter - 125 words
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104 1993-08-14 3 Reuter ADELAIDE An Australian politician has called for cameras to be repositioned in the South Australian state Parliament because he is tired of seeing his bald head on television. Lan Gilfillan, leader of the minority Democrat Party in the state assembly, said yesterday that heReuter - 104 words
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272 1993-08-14 3 AFP' KUALA LUMPUR The Johor Military Force (JMF), the 108-year-old private army of the ruler of Johor, is to be disbanded. The state's Chief Minister Muhyiddin Yassin said yesterday that the government agreed to disband the JMF after studying a federal Cabinet proposal. "WeAFP' - 272 words
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Advertisement24 1993-08-14 3 I®* to distinguished HH every man who recognises CYC Tailor made for those who have it made. 81-UH SINGAPORE 1024 0718 TEL 336 3SS624 words
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THE WORLD
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Article, Illustration686 1993-08-14 4 IHT PARIS Prime Minister Edouard Balladur has called for curbs on international trading practices in the currency markets to reduce financial speculators' chances of forcing devaluations and upsetting national economies. Insisting that he would cling to his economic policies of fightingIHT - 686 words
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338 1993-08-14 4 AP PARIS The Bank of France spent well in excess of 200 billion francs (Sss2 billion) worth of foreign exchange in attempts to prop up the French franc during July, economists estimated yesterday. Bank of France officials declined to comment. UsingAP - 338 words
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171 1993-08-14 4 AFP PETROZAVODSK, Russia President Boris Yeltsin has proposed the creation of a new Federation Council to act as a legislative "organ of power" representing all the regions and territories of Russia. Speaking before talks with regional leaders from throughout the country yesterday, Mr Yeltsin saidAFP - 171 words
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262 1993-08-14 4 Reuter WASHINGTON Defence Secretary Les Aspin has proposed spending about US$2O billion (Ss32 billion) more on military spending over the next five years than President Bill Ginton has called for. The Washington Post said yesterday that Mr Aspin presented the plan toReuter - 262 words
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192 1993-08-14 4 Reuter LONDON The British makers of Durex, one of the best-known brands of condoms, say they have made a breakthrough in technology, using polyurethane instead of traditional latex. London International Group Pic (LIG) said on Thursday that it planned to start test-marketingReuter - 192 words
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WORLD WATCH
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Article69 1993-08-14 4 AFP MOSCOW The US Federal Bureau of Investigation is to set up a permanent office in Moscow to help Russian authorities fight organised crime. Russian newspapers said yesterday that Jim Moody, in charge of the FBl's organised crime department, was in town and hadAFP - 69 words
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Article, Illustration47 1993-08-14 4 Reuter ATHENS Greek Telecommunications Organisation staff trying to break through police lines and attack members of the government during a demonstration in front of Parliament yesterday. The Parliament passed a crucial Bill clearing the way for the partial sale of the telecommunications body. RenterReuter - 47 words
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Article73 1993-08-14 4 Reuter BOURNEMOUTH Police sealed off the centre of this south England seaside resort yesterday after suspected Irish guerilla firebomb attacks on three shops and an explosion on the town's pier. Fires caused by incendiary devices broke out in some shops in the early hours ofReuter - 73 words
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Page 4 Advertisements
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Advertisement65 1993-08-14 4 United. States. Whaf s in a name? In ours there's an entire country. On daily flights from Singapore via Hong Kong or Tokyo, we can connect you to more than 250 US cities in 48 United states. For reservations, contact your travel agent or call us at *****11. Come fly65 words
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COMPANIES & MARKETS
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326 1993-08-14 5 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Two more finance companies announced solid sets of results yesterday. Hong Leong Finance's interim net earnings improved by 30 per cent to $22.8 million while its subsidiary Singapore Finance doubled its net earnings to $6.1 million. The326 words
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347 1993-08-14 5 SINGAPORE Marine engineering group Van Der Horst Ltd plans to use the $34 million raised from its rights issue to expand its operations. These include supplying and installing power plants, establishing service engineering facilities in Indonesia and the347 words
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360 1993-08-14 5 Dexter Lee - By Dexter Lee SINGAPORE Singapore Shipbuilding Engineering (SSE), a subsidiary of govern-ment-owned Singapore Technologies Holdings, has made about $93,000 simply by changing a partner in its joint venture company. In a statement on Thursday, SSE said it has agreed360 words
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221 1993-08-14 5 SINGAPORE Kuala Lum-pur-listed Southern Bank Bhd yesterday announced a 22 per cent higher group after-tax profit of M 521.59 million (5513.6 million) for the halfyear ended June 30. Group pre-tax profit rose 24.6 per cent to M 535.16 million while earnings221 words
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230 1993-08-14 5 SINGAPORE Singaporelisted Summa Investments Ltd (Summavest), in which the Hongkong Seapower group has an option to acquire a 52.4 per cent stake, has appointed a new director from Indonesia's Citra group. Summavest announced yesterday the appointment of Rinto Harahap as a director with230 words
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673 1993-08-14 5 Joyce Quek - HOCK LOCK SIEW By Joyce Quek SINGAPORE After the marine and finance sectors, what will draw investors' interest next? Will it be laggards such as hotels, whose prospects are beginning to look better? Or motor stocks, based673 words
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Article, Illustration312 1993-08-14 5 Joseph Rajendran - By Joseph Rajendran SINGAPORE Liquid crystal display maker Vikay Industrial plans to spend up to $8 million on a new plant in China. Part of the money will come from the proceeds of Vikay's forthcoming public offer. It already has in-princi-ple312 words
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328 1993-08-14 5 Dexter Lee - Tibs 9 interim profit up 16pc, big boost from non-bus operations By Dexter Lee SINGAPORE Bus operator Tibs Holdings yesterday reported a 16 per cent rise in interim group net earnings to $7.07 million nearly half of which came from non-bus operations for the first time. This works out to328 words
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Article, Illustration315 1993-08-14 5 Source: Bridge Info Performance of STII's Index stocks Aug 13 Lasl Stw latex Slock sal* h«e factor w>m Avuno I 860 0.020 1.37 188 C4C 7.JS0 -00S0 5.42 -4 69 Ccretoos 6.150 4.54 FAN 14.400 0 300 10.62 28 17 GF Vsu 3 100 0.020 2.29 I 88 GenSource: Bridge Info - 315 words
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COMPANIES
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COMPANY BRIEFS
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Article71 1993-08-14 6 AFP TOKYO Hongkong-based Japanese retailer Yaohan International Co plans to list its Thai subsidiary on the Bangkok stock exchange by 1995, the Japanese arm of the group said yesterday. Thai Yaohan Co will be the first Japanese-owned company to be listed on the Bangkok bourse,AFP - 71 words
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Article45 1993-08-14 6 SINGAPORE QAF Ltd has announced that one of its directors, Mohd Yusuf Bin Pg Haji Abd Rahim, disposed of 50,000 -shares on Thursday. Part of the shares or 30,000 were sold at $1.52 with the remaining disposed of at $1.53.45 words
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39 1993-08-14 6 SINGAPORE Kuok Khoon Ean has stepped down as chairman of Pacific Carriers Ltd. He has been replaced by Teo Joo Kim, the former deputy chairman. Mr Kuok will remain a director of the company.39 words
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57 1993-08-14 6 SINGAPORE London-based Robert Fleming Holdings notified Pacific Carriers Ltd and Tiger Medicals yesterday that it and its affiliated companies are now substantial shareholders in both the Singapore-listed companies. Robert Fleming, through its nominees, has accumulated 6.231 per cent of PCL's issued capital and 5.6657 words
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56 1993-08-14 6 Reuter BEIJING China's largest joint venture in port construction and biggest container company went into operation in Shanghai, the Xinhua news agency said yesterday. Shanghai Container Terminals has a registered capital of two billion yuan (***** million) and is funded by the Shanghai PortReuter - 56 words
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181 1993-08-14 6 Bloomberg Business News BANGKOK Shinawatra Computer and Communications Co, which will launch Thailand's first communications satellite in December, said yesterday its net profit came to 356 million baht (Ss22 million) in the three months ended June 30, up 149 per cent from theBloomberg Business News - 181 words
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181 1993-08-14 6 Reuter JAKARTA Indonesia, saddled with dozens of loss-incur-ring state firms, hopes to find partners to rescue some of 'them, Industry Minister Tunky Ariwibowo says. "We are studying to find a partner for (state firms) in a bid to save the business," theReuter - 181 words
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283 1993-08-14 6 UPI MANILA Philippine Long Distance Telephone Co (PLDT) said yesterday that it earned 2.4 billion pesos for the first six months of 1993, up 7.2 million pesos from the same period last year. A company statement, however, said net income for commonUPI - 283 words
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554 1993-08-14 6 Reuter LONDON Standard Chartered pic, the British bank with a large presence in the Asia-Pa-cific, saw its shares power towards an all-time high of £10 yesterday as investors piled in on Far East optimism. Some analysts, such as BZW,Reuter - 554 words
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Article, Illustration56 1993-08-14 6 AFP TAIPEI About 100 employees of Taiwan's petrochemical giant Formosa Plastics Corp staging a sit-in outside the company's headquarters yesterday. They are demanding the same 8 per cent pay rise enjoyed by government employees instead of the SJBI per cent offered by the company. Their headbandsAFP - 56 words
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Article1035 1993-08-14 6 Mif»n'>ftew($) Aug ma i6 tanraict Fmd llMt Tliul Income Bond Policy 3.45 3.57 Tk Commerce 1.42 1.49 PIUWIIu® The Savings Fund 1.31 1.38 PruUnfc Mgd Fund 1.19 IJS fmt Prog Fund 0.61 0.64 Sec Fund 0 *3 0 98*d Spore Invest Fund IXM 1.13 Fir* Bputra 1.7* I 84 S-pore1,035 words
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540 1993-08-14 6 Reuter LONDON British Aerospace pic (BAe) was free from Thursday to sell the Rover Group car-making unit which it bought from the government five years ago as a run-down business but which it has restored to a smooth-running machine. BAeReuter - 540 words
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261 1993-08-14 6 Bloomberg Business News HONGKONG Chinese controlled real estate company Kader Investment is taking control of construction concern Hoi Sing Holdings in a HK$ 174.2 million (SS36 million) deal, the companies said in a joint statement. Kader Investment is owned by aBloomberg Business News - 261 words
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226 1993-08-14 6 Catherine Ong - From Catherine Ong in HONGKONG THE family of Hongkong tycoon Li l6i-shing and their publicly-listed company Hutchison Whampoa reaped U5526.3 million (Ss42 million) in two weeks from a U*****.3 million sale of News Corp's American Depository Receipts. The 6.26226 words
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FINANCE & COMMODITIES
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409 1993-08-14 7 Sohn Jie Ae - Stocks plunge, panic breaks out after Kim bans transactions under false names From Sohn Jie Ae in SEOUL SOUTH Korean government and financial institutions scrambled yesterday to cushion the shock of President Kim Young-Sam's emergency measures to reform the country's financial industry. This came409 words
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316 1993-08-14 7 Btoofntucj ENERGY RETORT LONDON Crude oil prices were lower in New York yesterday as traders said the week long rally in petrol prices was fading, while prices were higher in London as some interest in products remains. US petrol futures soared almost 5 cents316 words
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Article, Illustration226 1993-08-14 7 SINGAPORE OCBC Bank executive vice-president Elizabeth Sam has been appointed chairman of the Singapore International Monetary Exchange. <, She takes over from Francis Yeo, of UOB Bullion and Futures. Mr Yeo remains a director but has stepped down as chairman after completing226 words
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385 1993-08-14 7 Reuter. TOKYO Japan's Daiwa Bank stepped in yesterday to rescue ailing second-tier brokerage Cosmo Securities in a surprise move which will make the brokerage a more than 50 per cent subsidiary of the commercial bank. It was the first such bailoutReuter. - 385 words
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266 1993-08-14 7 AFP SINGAPORE Vietnam's exports of coffee are expected to hit 250,000 tonnes in 1998, entrenching it as the region's second largest exporter after Indonesia, a coffee trader here said. "Vietnam has the potential to export 250,000 tonnes in five years' timeAFP - 266 words
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Article, Illustration392 1993-08-14 7 DBS Weekly Currency Review US$/DM: Uptrend to resume The greenback tried the downside again on Monday when it traded to a low of 1.6925. Thereafter, it recovered to 1.7250 on Thursday before easing to 1.7160 yesterday morning. We maintain a long-term bullish view for USS/DM,392 words
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Article, Illustration137 1993-08-14 7 THE USS/Yen created new lows again yesterday at 101.80 and market focus was on where this currency and its related crosses would move next. Despite volatile swings in the USS/majors, trading in the regional markets was orderly and confined to ranges. The USS/SS traded a137 words
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Article190 1993-08-14 7 UPI LONDON The German mark ended trading firmer yesterday against most of the European currencies, with traders taking the view the Bundesbank was unlikely to relax its tough monetary stance at the moment. Concern about the economies in other European countries, where interest rates were being kept relatively high,UPI - 190 words
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Article, Illustration1459 1993-08-14 7 Trade »nfhfrd index cakvimmi oncumt S'pores lap 14 trading partner* Base rem I9M USS/SS forward rates Noon Aug 13 St BW Othr 1-month ***** I 6091 2-month ***** 1.6091 3-month 1.6076 1 6091 6-month 1.6067 1.60(7 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltaai aa JUf 1J1,459 words
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Article81 1993-08-14 7 AFP NEW YORK The dollar slid yesterday morning against major currencies except the French franc in a moderately active market that had anticipated a slight rise in July retail prices. At around 9:30 am (1330 GMT), the dollar was trading at 102.60 yen, down from 102.95 on ThursdayAFP - 81 words
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COMMODITIES & FUTURES
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1478 1993-08-14 8 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures ended firmer yesterday but oft* early highs as a surprise fall in Japanese government bond prices spurred selling late in the afternoon, traders said. "There was quite a lot of profittaking," said oneReuter - 1,478 words
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Article594 1993-08-14 8 COMMODITY REPORTS Tin TIN fell slightly by the close despite sharp LME falls, as late European and Malaysian buying provided some support yesterday, dealers said. The metal settled one sen down at MS 12.31 a kg and volume was 83 tonnes against 73 previously. Initial bids594 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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88 1993-08-14 8 TOKYO Offers from Chinese suppliers of zinc, lead and tin to overseas buyers are said to have slowed as prices on the London Metal Exchange weaken and China's currency steadies relative to its sharp drop in early June. LME three-month zinc is now bid near88 words
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81 1993-08-14 8 SAO PAULO, Brazil Improved capitalisation and prospects of continued high prices could lead Brazilian soybean growers into an acreage expansion in 1993-94 (Oct-Sep), market analysts said yesterday. Interior prices for soybeans yesterday were around US$l5 per 60 kilograms, up from USSI3 a month ago and81 words
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Article97 1993-08-14 8 TOKYO Work underway to expand capacity of Australian metals producer Pasminco's Cockle Creek zinc plant may put further pressure on Asia's fairly weak market for prime western grade zinc, some industry sources here say. Pasminco told Knight-Ridder Financial News in early July of plans to upgrade97 words
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Article84 1993-08-14 8 MEXICO CITY Mexican production of refined oil products rose 3.8 per cent in the Jan-Jun period compared with the same six months last year, Petroleos Mexicanos (Pemex) announced yesterday. Pemex said its daily average production of refined oil products which includes gasolines and petrochemicals was84 words
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Article1641 1993-08-14 8 Rubber MS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) dose Volume Open Month High Low Sett (tonnes) Interest Sep 93 132.50 132.00 132 50 MOO 1025 Oct 133.00 132.25 133.00 2425 4.500 Nov 133.00 132.75 133.50 425 4.800 Dec 133.75 133.25 134.00 5251,641 words
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REGIONAL STOCK MARKETS
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Article441 1993-08-14 9 Manila Vol Xur 13 Kno (WO) V Soriano orp 1660 ABS-CBN 48 500 unch 221 Mcom Pel .031 unch ***** AJcora PW.-B .032 001 MOO Anglo Phil-Oil A .014 unch ***** \pe> Mining A .010 unch 8000 Vpri Mining B OlO 001 )«000 Attn Coat 10 500 Albs Com S441 words
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Article1282 1993-08-14 9 -17.4 The Australian share market slid off a post-1987 crash high after bullion eased offshore and gold stocks plummeted. The gold marker failed to recover after slumping 100.3 points, or 4.6 per cent, in early trade. It closed 123.9 points lower at 2,040.6. "Gold was down and weaker US1,282 words
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Article595 1993-08-14 9 -18.63 Taiwan share prices reversed early gains to finish lower on a late wave of profit-taking. Trade was active. The weighted index, which rose about 30 points in early trade, ended 18.63 points down at 4,122.12. Turnover rose to NT$2O.9 billion from NT$l7 billion on Thursday. Early buying in595 words
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Article456 1993-08-14 9 -32.37 Investors reacted to a shock ban on false name trading by sending the Seoul stock market plunging in its greatest one-day tumble since its founding in 1977, brokers said. The index ended 32.37 points down at 693.57, just shy of the maximum 34.9 point fall permitted by the456 words
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Article227 1993-08-14 9 -28.23 New Zealand shares ended sharply lower as steam continued to dissipate from the market. The market ended at 1,860.28 points, down 28.23 points (1.5 per cent) due to falls in all top five stocks apart from Brierley Investments. BIL ended steady at NZ$l.O5. Turnover was worth NZ$42227 words
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Article102 1993-08-14 9 +38.68 Bombay share prices touched a five-month high, rising further in unofficial kerb deals on short-covering, fuelled by expectations of higher carry-forward costs to be fixed on Saturday, brokers said. Heavy buying by foreign institutions also helped push up prices, brokers said. The BSE 30-share index closed at a102 words
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WORLD STOCK MARKETS
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Article765 1993-08-14 9 Britannia Funds Sterling Cnii Bid Offer Mini Cap Depoul M6400 M 6500 Mim Jene> <S* jOlIWJ 0 1992 Mim Max Income 10*00 I 0*00 L S$ Cask Income Phn Fund *10 4200 *10 9100 PS Reserve Fund 5 2100 J 2200 EwohinSaa 0 4592 0.49)1 Far Eaa Fund *2 7650765 words
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Article646 1993-08-14 9 +1 Shares ended slightly higher yesterday after drifting down during the day amid profit-taking then recovering in late trading as mar-ket-makers covered short positions. The FTSE 100 Index closed one point higher at 3,010.1 on the last day of the two week account, just beating Thursday's record close. The646 words
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Article136 1993-08-14 9 -13.87 Profit-taking before the holiday weekend, sparked in part by Prime Minister Edouard Balladur's insistance he is committed to a policy of economic rigour, knocked prices down but dealers said the market remains remarkably resilient. US buying near midday helped cut the market's losses and dealers expect foreign interest136 words
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Article162 1993-08-14 9 +0.61pc Optimism born of the stronger dollar and lower money rates drove Swedish share prices to a strong finish yesterday, and brokers saw the trend continuing next week. The OMX-index closed 0.58 per cent up at a new record high of 1,008.31. The top-16 index was 0.64 per cent162 words
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Article166 1993-08-14 9 1.63 Share prices were swept higher towards the close of bourse trade on a wave of late buying, led by Volkswagen stocks which attracted foreign interest. The DAX Index ended up 1.63 points at new three-year high of 1,906.58. up 37.20 points on last Friday. Frankfurt Aag 13 DM166 words
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Article246 1993-08-14 9 -1.67 Dutch shares closed at the day's best levels, having gradually hauled in most losses when it became clear the guilder was not under serious attack, and interest rates could be left unchanged. TTie EOE Index closed 1.67 down at 349.67. Unilever closed 1.80 guilders down at 190.50 though246 words
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Article306 1993-08-14 9 +3.34 After Thursday's record close, Swiss shares extended gains, but dealers said the market was still consolidating recent price rises. Selected buying, mainly in Nestle and Sandoz, led the market higher, and the SMI Index of leading shares and the all-share SPI both ended at a record close. The306 words
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Article185 1993-08-14 9 +7.58 Belgian shares closed marginally lower but dealers said the underlying mood was positive and they anticipated shares would move higher after the long weekend. The Bel-20 Index of leading shares closed 0.56 per cent, or 7.58 points, lower at 1,358.12 points. A steady volume of 1.25 billion francs185 words
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Article313 1993-08-14 9 -35 Gold shares found little real support in weak trade yesterday as the gold price resumed its decline on world markets. Dealers said sentiment was plagued by fears of further declines in the short term, and growing nervousness that the recent bull run had come to an abrupt end.313 words
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Article263 1993-08-14 9 -5.22 Toronto stocks opened slightly lower due mostly to falling gold stocks which are expected to improve later this afternoon, dealers said. The TSE 300 Composite Index fell 5.22 points to 4003.75 on volume of 8.79 million shares traded for a value of C 588.57 million. The gold index263 words
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Article759 1993-08-14 9 -2.23 Blue-chip stock prices were slightly lower yesterday, although the broad market drew strength from a smaller-than-expected rise in consumer prices. At 1 pm EDT, the Dow Jones Industrial Average was off 2.23 at 3,566.86. Advancing shares outpaced declines by a narrow margin on volume of more than759 words
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Article, Illustration2727 1993-08-14 10 Reuter HONGKONG Share prices closed higher yesterday as a surge in Hutchison and index futures triggered a late round of buying of blue chips, brokers said. The main Hang Seng Index jumped 52.70 points to close at /.392.25 after briefly touching a peak of 7,401.58. Turnover dipped to HKS4.SOReuter; Source: Bridge Info - 2,727 words
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Article, Illustration506 1993-08-14 10 BOTH Shanghai and Shenzhen markets were bullish yesterday. The Shanghai A market index jumped 171.9 points up to 5,712.80 on heavy turnover. Trading on the B market was also very active with the index ending 45.4 points higher to 846.0. Vacuum was the only loser on the B market.506 words
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Article, Illustration2513 1993-08-14 10 Reuter TOKYO Stocks ended slightly easier on profit-taking yesterday, with investors turning cautious on the volatile yen. But the strong currency also reinforced hopes of a rate cut and invited active buying by foreign investors, brokers said. The Nikkei Average neared 21,000 but failed to exceed it. "Because theReuter; Source: Bridge Info - 2,513 words
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Article, Illustration1660 1993-08-14 10 Bloomberg Business News BANGKOK The Stock Exchange of Thailand yesterday edged up 1.4S points to 964.62, with decliners outnumbering advancers by a 5-to-4 margin. Volume was heavy, with turnover of 9.5 billion baht. The Stock Exchange of Thailand index will stay in the 945-970 range next week, with theBloomberg Business News; Source: Bridge Info - 1,660 words
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Article, Illustration705 1993-08-14 10 Reuter JAKARTA Stock prices closed mixed after moderate sin-gle-session trading yesterday, brokers said. The official index closed at 379.94, down slightly from Thursday's 380.29. Ganda Wangsa Utama, listed at the exchange yesterday, closed at 2,575 rupiah. "Ganda Wangsa jumped to 2,650 at the mid of the session, but profit-takingReuter; Source: Bridge Info - 705 words
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Article, Illustration2228 1993-08-14 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE VOtoW Promct 4.910.000 Idm Hyd JOc 4.626.000 Simc Uufcy 50c 4.035.000 FACB 50c 2.0*5.000 Rcnonc Bhd JOc 1645.000 Pub Bfc fort«n I.57I.OOO Kamuntint 50c 1.361.000 Tongkah Hldp 1.172.000 Mat>f>rrae I.I 56.000 BousicxJ 50c 943.000 Pcai Msia 197.000 Innovcst Bhd ISSource: Bridge Info - 2,228 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5133 1993-08-14 11 Reuter KUALA LUMPUR Profit-taking in the last half-hour dragged shares down from their day's highs at the close yesterday, after retail investors chased banking issues ahead of the release of full-year results of Malaysia's top bank, Malayan Banking Bhd, brokers said. FallsReuter; Source: Bridge Info - 5,133 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration7628 1993-08-14 12 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The Singapore market extended its gains on selective buying and ended at a record high of 1,917.87 on the Straits Times Industrials Index yesterday. Brokers said there was fresh buying following this week's bullish interim bank results andSource: Bridge Info - 7,628 words
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Article, Illustration72 1993-08-14 12 Quak Hiang Whai - HOT STOCK Quak Hiang Whai WITH a one-for-two bonus issue, will Malayan Banking continue its gravity-defying climb? The stock has risen to $9.10 from below $6 early this year. On the daily, weekly and monthly charts, it is clearly overbought. Any further rise is expected to be cappedSOURCE: BRIDGE INFO - 72 words
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Page 5 Advertisements
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Advertisement315 1993-08-14 5 1 j. A Nows your 11 chance to pay (I tribute to ft the spirit of 111 entrepreneursliip I I I Hlj Cast your nominations for tiiis years Singapore Business Awards Business Tones, Singapore s business daily, and DHL Worldwide Express, I the leading international air express company, first started315 words
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Page 6 Advertisements
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Advertisement232 1993-08-14 6 BUSINESSTIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF UM CHUA PTE LTD Mtvnovfi vonjruary Liquidation) NOTICE OP FINAL MEETINO OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap. 50. that232 words
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Advertisement225 1993-08-14 6 IN THE MATTER OF THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF REINVEST PROPERTIES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING OP MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Compeniea Act. Cap. 50. that a Final General Meeting of the Members225 words
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Advertisement27 1993-08-14 6 Money in your hands is better than unused things in your closet.jy Get them out for a quick sale through The Straits Times Classified. C.A.T.S. I 737-1166|27 words
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Page 8 Advertisements
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Advertisement310 1993-08-14 8 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF AMS (SINGAPORE) PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company deemed to have been held at 24 Raffles Place #264)3310 words
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Advertisement124 1993-08-14 8 M THE MATTER Of THE COMPANIES ACT. CAP. N AND M THE MATTER OF HWACHEONGHOLDMGS (PTE) LTD Voiufltyy Liquidation) NOTICE SHE RE BY GIVEN pursuant to Section 306<1) of the Companies Act, Cap. SO that Itia Final Maating of Mambars of tie abovenamed Company wil be hakl on Tuesday, 14124 words
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Advertisement35 1993-08-14 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead I Make new business contacts through classification 203 in The Straits Times Classified. 1717-11** I35 words
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Page 9 Advertisements
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Advertisement17 1993-08-14 9 PORT SHOTS The latest in sea, air and land transportation. W *1 "W^SWUAKJUH# Business Times II m.KMOWAS*17 words
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Page 10 Advertisements
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Advertisement32 1993-08-14 10 Established smc» 191# ANTIQUE RESTATE Shongri La hotel Stockist of G.LA. CsrHsd Diamonds Tel: 732 5689 MTT:if pun ippp r*l fcn rniUrrT: 2 arms and imt jcm Manufacturing jewellers since 1919 CHRONOGRAPH32 words
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Page 11 Advertisements
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Advertisement30 1993-08-14 11 The IT industry played a starring role in the Singapore economy's strong performance for the second quarter. How about the rest of the year? In BusinesslT. Monday, in Business Times30 words
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Page 12 Advertisements
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Advertisement25 1993-08-14 12 Estabfetwd ww 1919 ANTIQUE RESTATE Shangri La hotel StockktotG-LA. OmiUdOtmvonk Tell 732 5689 datpk pwmi ippp rml cj\ rnHJrrt *€mmSSo*m*anU*m Manufacturing jewetters since 1919 CHRONOGRAPH25 words
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SPORTS
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Article361 1993-08-14 13 75th PGA Championship AP TOLEDO, Ohio Nick Faldo, Mark Calcavecchia and Phil Mickelson ail made early runs at the lead yesterday at the US PGA Championship, where heavy fog delayed the start and raised the possibility the second round could not be completed beforeAP - 361 words
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Article, Illustration827 1993-08-14 13 AP TOLEDO, Ohio Scott Simpson carved up rain-soft-ened Inverness with an open-ing-round 64 on Thursday to grab the lead of the PGA Championship. Not satisfied at 7 under par, he walked off the 18th green and over to the practice tee.AP - 827 words
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SPORT SHORTS
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Article, Illustration119 1993-08-14 13 AP FAYETTEVILLE, North Carolina The body of James Jordan, father of NBA superstar Michael Jordan. was found floating in a South Carolina river, and authorities said he had been shot to death. Jordan, 57, died of a gunshot wound to the chest, Cumberland County officials said at a newsAP - 119 words
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Article, Illustration229 1993-08-14 13 Reuter TOLEDO, Ohio PGA Championship selected leading first round scores Thursday (US unless noted); 64 Scott Simpson 65 Lanny Wadkins 66 Dudley Hart. Richard Zokol (Can) 67 Mark McCumbcr. Barry Lane (GB). Dan Foreman, Eduardo Romero (Arg), Steve Elkington (Aus). Mike Hulbert. Phii Mickelson, Robert Gamez, Loren Roberts 68Reuter - 229 words
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Article, Illustration103 1993-08-14 13 Reuter BRISBANE Australian coach Bob Dwyer has warned of changes to the world champion Wallabies if they lose today's second test against South Africa. The Wallabies face the Springboks in Brisbane after losing 19-12 in the first test of the three-test series two weeks ago. Dwyer said he hadReuter - 103 words
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Article, Illustration172 1993-08-14 13 Reuter Reuter VAIL, Colorado Monica Seles, who has been sidelined since she was stabbed by a spectator during a match in Germany in April, will not be able to defend her title at the US Open championships, her doctors said on Thursday. Seles, said to be recovering but notReuter - 172 words
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Article442 1993-08-14 13 Historic miss MARGIE KESTNER missed out on an historic piece of video. Darrell Kestner, a club pro from Long Island, holed a 222yard 5-wood on Wednesday on the par-5 13th for the first dou-ble-eagle in the 75 years of the PGA Championship. "We're doing a film clip for442 words
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747 1993-08-14 13 NYT AS THE National Football League rolls into its second full weekend of pre-season games, questions abound about the 1993 season. We've got answers. What's the buzzword so far in training camp? The San Francisco 49ers' passing system. It relies on quick dropsNYT - 747 words
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Article1361 1993-08-14 13 ctg nm ct» ww* n» AJNi Pfcafc GA929 1120 SQ228 2120 H-M. RJ187 0135 JUmtartfaM GA891 1335 GA890 0001 KL837 1445 KL838 2310 SQ323 1555 SQ324 0105 Mmm SQ347 1735 Aacklaad NZ21 1820 NZ22 1935 SQ288 2030 UMa GF148 0905 IMIum BU21 1105 SQ182 0915 SQ1811,361 words
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Article, Illustration752 1993-08-14 14 4th World Athletics Championships AP STUTTGART Get ready for Carl Lewis against Linford Christie again. The 100metre world record-holder vs the Olympic gold medalist. It's the perfect early setting for the fourth World Championships, which begin today at 47,200-seat Gottlieb-Daim-ler Stadium. Opening ceremonies,AP - 752 words
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Page 13 Advertisements
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Advertisement48 1993-08-14 13 Fly Finnair's new MD-11 the world's most technologically advanced aircraft. Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.48 words
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SHIPS IN PORT
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Article587 1993-08-14 14 Vtswl Vty No Berth fcmal Departoe Vmd »oy Ho Btrth frrhd Pqwtat llMtMIC Port Lady R* 10 P09A alongside 13 08/1530 MjmKtof 223 jis/is alongside M M/1200 Matu Y Hua 15/93 P04 alongade 13 01/2300 Hve Meko 120/93 J12 alongade 14.08/1100 Marwe/P 13/08* P01A atongade ZftL a587 words
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Article1599 1993-08-14 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SMp Voy No Containers avallabte Ship Voy Wo Containers avaiatote Qaihet RW054 12.08.93 0705 Kuala Sa* 5 064A COD(EST) 1308.93 1800 Ocean Osaka 29/531 12 08.93 0728 Leeward 335N Maha Bhum 170N 1208.93 0815 St Peter Sen EF337 MO tST> J**-"1,599 words
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Page 14 Miscellaneous
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Miscellaneous339 1993-08-14 14 CRYPTIC CROSSWORD 1 at this point in in sink (8) YESTERDAY'S SOLUTIOH (2,5) 8 Giving up or giving way (8) DOWN 13 Lover undid the sweater rprmoMo|jTMß^SMHm?i 1 Consumed from a vessel 10 > first whilst joined side by 15 So the soldier gets a word of oy B y339 words
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WORLD FOCUS
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916 1993-08-14 15 Roger Matthews - Clinton's budget bill By Roger Matthews FT WASHINGTON No issue was more central to Bill Clinton's campaign to become president of the US than the management of the economy, and nothing contributed more to the defeat of George Bush last November. It isFT - 916 words
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Article, Illustration950 1993-08-14 15 Nancy Dunne - By Nancy Dunne FT WASHINGTON A trillion dollars would equal a stack of US$l,OOO (S$ 1,609) bills 67 miles (107 km) high. That is what Ronald Reagan told Congress in February 1981, when the US national debt was edging up to this thousandFT; Source: Senate Budget Committee, US Office of Management and Budget - 950 words
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415 1993-08-14 15 FT NEW YORK In some quarters of US industry, the 11thhour haggling over the budget package produced noticeable sighs of relief. The General Aviation Manufacturers Association (GAMA), which represents makers of small aircraft and corporate jets, described the proposed repeal of the luxury taxFT - 415 words
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Page 15 Advertisements
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Advertisement323 1993-08-14 15 A New Chapter in History... a New Coinage in the Making ■iirN»wr 4nf o july 1997, Hong Kong's status as a British crown colony will end and it will become a Special Administrative Region of China. Reflecting this change the current circulation coins will gradually be replaced and withdrawn. Replacing323 words
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Article, Illustration603 1993-08-14 16 Reuter, AP, AFP. UPI WASHINGTON The United States, Mexico and Canada have agreed on key side deals to the North American Free Trade Agreement. US Trade Representative Mickey Kantor said yesterday that conclusion of the supplemental agreements on labour andReuter,; AP,; AFP.; UPI - 603 words
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448 1993-08-14 16 Reuter, AP, AFP WASHINGTON Consumer prices rose a scant 0.1 per cent in July, the Labour Department said yesterday, showing that inflationary pressures are being dispersed in the sluggish expansion. The mild, seasonally adjusted rise in the department's Consumer Price IndexReuter,; AP,; AFP - 448 words
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255 1993-08-14 16 Reuter, AFP, AP LONDON The French franc slumped yesterday to its lowest le»el since Europe's recent currency crisis after Premier Edouard Balladur pledged to stick to conservative monetary policy despite recession. Kurope's benchmark currency, the Deutschemark, was valued at 3.5360 francs atReuter,; AFP,; AP - 255 words
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Article, Illustration397 1993-08-14 16 Vikram Khanna - By Vikram Khanna SINGAPORE The Clinton administration should strengthen America's economic tics with the Asia-Pacific region, the former US Trade Representative, Carla Hills, said here yesterday. Speaking at a forum organised by the Institute of Policy Studies, she listed this as one397 words
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335 1993-08-14 16 Bloomberg Business News. AF SEOUL Faced with ongoing labour disputes, the South Korean government is seeking authority to ban all strikes and work stoppages at Hyundai Heavy Industries Co. The Ministry of Labour said yesterday that it had asked the CentralBloomberg Business News.; AF - 335 words
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207 1993-08-14 16 Reuter BEIJING The volume of rail freight between China and Russia will double by 1995, Russian Railway Minister G M Fadcycv has said. The Economic Daily quoted him as saying that current volume of trains between the two countries cannot meet either freightReuter - 207 words
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Article, Illustration60 1993-08-14 16 Reuter TEL AVIV An Israeli dairy using dinosaurs to promote its products could lose its kosher certificate, after some rabbis say its portrayal of the animals as being millions of years old contradicts the biblical account of creation. Religious Jews eat only food which is kosherReuter - 60 words
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202 1993-08-14 16 Reuter NEW DELHI An Indian parliamentary committee investigating India's USSI.2B billion (552.06 billion) securities scandal has proposed in a draft report that four foreign banks allegedly involved in the affair be asked to leave. The Joint Parliamentary Committee (JPC) yesterdayReuter - 202 words
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474 1993-08-14 16 Russian Federation is not a piece of Swiss cheese, says President's press spokesman Reuter PETROZAVODSK. Russia President Boris Yeltsin cracked down on separatist stirrings in Russia yesterday, telling regional leaders he would never allow any territories to leave the Russian Federation. The heads ofReuter - 474 words
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Page 16 Advertisements
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Advertisement75 1993-08-14 16 Monday in Business Times I SPY WITH MY LITTLE EYE f Singapore's premier gift boutique SALE I rom tlu e\pwU'd t»> tin MIR' piVti'd. tIR 11 IR'st sc'll'd M >11 <»t u,ltts .lllj .luissni'R's lII' now .1 .lll.lMc .It discounts (>t up to 50",,. Now on nut 11 \ni;iist I75 words
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Advertisement15 1993-08-14 16 I mmm l l Monday in Business Times Yeltsin proposes new federal council, Pg 415 words
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Executive Lifestyle
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Article, Illustration1503 1993-08-14 17 Juliette Walker - Asia's airlines have started handing out free tickets to their best customers. Juliette Walker checks out the new deal Juliette Walker ASIA'S business traveller has never had it so good. Whether it's lobster thermidor served on bone china, phone/fax services from the plane or a free1,503 words
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STRAWS IN THE WIND
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Article60 1993-08-14 17 IS SEXUAL discrimination alive and well? A female journalist was more than a little disgruntled when she realised how male-oriented some Japanese electronics companies can be. In two separate press conferences, she was given a pewter whiskey bottle and an electric shaver as souvenirs. Maybe they thought she60 words
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Article63 1993-08-14 17 REMEMBER the U*****,000 that Linford Christie and Carl Lewis were paid for their 100metre showdown the other week? The sentiment of the day was truly captured by a British trainer who told a BBC presenter after the race: "They (the organisers) should have asked you and me.63 words
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Article51 1993-08-14 17 HOW DO the rich handle stock market losses? Two weeks ago, Microsoft Corp's stock price dropped by 6 per cent, which effectively made its chairman and chief executive Bill Gates about US$396 million poorer. When told of Gates' paper loss, a company spokeswoman said "Ouch", and nothing51 words
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OPINIONS
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Article, Illustration1011 1993-08-14 18 Shahiron Sahari - In spite of all the finger pointing at its human rights record, China may still win the bid to host the 2000 Olympic Games, says Shahiron Sahari Shahiron Sahari The writer is a BT journalist THE South African rugby union team1,011 words
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Article964 1993-08-14 18 Neville Stack - Neville Stack says humane change wouldn't hurt the BBC Neville Stack The writer is a political commentator based in London. He writes regularly for BT. NOT LONG AGO, I was having lunch at the BBC with a senior producer, a man with a worldwide reputation. We964 words
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896 1993-08-14 18 Margaret Thomas - Margaret Thomas is excited by advances in medical research but wonders about the ethics of it all Margaret Thomas The writer is BT's Associate Editor. This article first appeared in the August issue of Singapore Business. CONSIDER THIS. It's time896 words
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VIEWPOINT
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Article, Illustration1363 1993-08-14 19 Kenneth James - CONVERSATIONS AT RAFFLES Penang's Chief Minister Koh Tsu Koon talks to Kenneth James about complementarity and competition between Penang and Singapore. He also discusses Malaysian politics and the personal experiences that shaped his own political approach Kenneth James CERTAINLY there are striking similarities between Penang,1,363 words
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Article808 1993-08-14 19 THESE DAYS his political philosophy is decidedly pragmatic. But for Koh Tsu Koon, it is pragmatism with an idealistic core, born of a strong parental influence, shaped by his university experiences and a flirtation with left-wing politics, and ultimately adjusted to the realities of Malaysian politics. Dr808 words
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1270 1993-08-14 19 PENANG's Chief Minister believes Malaysia has made great strides as a nation, particularly in the past five years. But he remains cautious. "Let's not kid ourselves that we have arrived," says Koh Tsu Koon. "No, we haven't arrived. The challenge is ongoing. The challenge of1,270 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration416 1993-08-14 20 No. of respondents Those polled on their view of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities. DBS Asset Management, Morgan Grenfell Asia Securities, OCBC Securities, Peregrine. Phillip Securities. Tat Lee Securities. LOB Securities and WI Carr. Buy! Phillip Securities ResearchSource: Bridge Info - 416 words
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Article, Illustration286 1993-08-14 20 Richard K Palmer - Richard K Palmer Associate director Ong Company Pte Ltd L L "W "W T hile many in%/m/ dex-related T stocks in Singapore and Malaysia are fairly valued on 1993's earnings, I believe there is still value in a few sectors exhibiting extraordinary growth. The banking sector, with286 words
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Article, Illustration995 1993-08-14 20 Amy Balan - Amy Balan suggests a reward and bonus system to teach your kids how to manage money wisely Amy Balan Fancy a bowi of noodles for 10 cents? That's what it used to cost in school 30 years ago. Those were the days when 50995 words
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Article, Illustration725 1993-08-14 20 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE eight-club BT Golf Index rose by 1.8 points in July to 255.3, its highest level for the year and the highest since the 262.2 of November 1991. Prices at Seletar Country Club (up 5 per725 words
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Article, Illustration764 1993-08-14 20 Analysts tell Paul Leo they expect gold prices to be held up by physical demand THE PRICE of gold has taken a sharp downward correction. To project where gold is heading, one has to understand why gold surged inSource: Bloomberg - 764 words
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Article714 1993-08-14 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yre Launch I mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking as at Af»l 9. 1993 »—hit M at A fat 9. IW3 Singapore Straits Times 2." 5.43 15.50 2U7714 words
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Article, Illustration1680 1993-08-14 21 Amy Balan - Pick up some advice from Amy Balan on how to sniff for bargains from among the top losers that have underperformed the market Amy Balan IMAGINE being able to take out as much as 56 cents out of each investible dollar in1,680 words
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Article, Illustration1181 1993-08-14 21 Magdalene Ng - The country is preparing itself for the high stake world of stocks, bonds and securities. Magdalene Ng reports Magdalene Ng TREKKERS rave about the magic and wonder of Nepal. And if the Nepalese government had its way, investment analysts worldwide would in1,181 words
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250 1993-08-14 21 NEPAL is one of the world's poorest countries, with a per capita gross domestic product of US$l7O (*****.53). The land-locked and mountainous country, which shares borders with India and Tibet, has a predominantly agrarian economy that employs 80-90 per cent of its labour force. It250 words
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Article, Illustration591 1993-08-14 22 SUSAN TSANG - Cinema Review By SUSAN TSANG frHE SITUATION and characters look femiliar: a man accused of murdering his firich wife, and he looks Guilty as Sin. But )je engages a hot-shot female lawyer, Jennifer Haines, to defend him. She even s a trusty old investigator who disnses food591 words
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Article, Illustration518 1993-08-14 22 SUSAN TSANG - Art Review By SUSAN TSANG FOUR YEARS in Africa during the 1970s left a deep impression on Malay-sian-born artist Choy Moo Keong. They gave him a love of nature, and especially of wide-open landscapes. Still, the artist felt it was time to move on creatively; hence the518 words
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Article, Illustration1143 1993-08-14 22 Fionualla Halligan - Hongkong's award-winning director Jacob Cheung talks to Fionualla Halligan about his Asian art film project Fionualla Halligan The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle AFTER shaking up the Hongkong film industry this year with his award-winning movie Cageman,Photo of Jacob Cheung by Michael Tsui. Design by Ben Cruz - 1,143 words
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Article, Illustration853 1993-08-14 22 CLAIRE LEOW - i rare iwics By CLAIRE LEOW FOR SINGAPOREANS used to sun, sea and salt, a freshwater lake is an unlikely place to pick up a tan and indulge in your favourite waters ports but at Uncle John's Resort up at Kenyir Lake, Trengganu, you canPhotos by Claire Leow - 853 words
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Article, Illustration573 1993-08-14 23 CHUANG PECK MING - Book Review By CHUANG PECK MING Post-Capitalist Society By Peter F Drucker Harper Business 232 pages, $39.90 PSST! Wanna make more money? Go sell information. No, we're not talking about the spy business but what makes the industries of tomorrow tick. That is: knowledge as a573 words
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HEALTH & FITNESS
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HEALTH Notes
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Article71 1993-08-14 24 American Health NEXT time you choose your eggs for an omelette, you might want to consider this. According to the American Egg Board, different sizes of eggs contain different amounts of cholesterol. A medium egg has 180 mg of cholesterol; an extra-large egg. 230 mg;American Health - 71 words
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Article127 1993-08-14 24 American Health REPORTS at a conference in Chicago suggest that just as stress takes its toll on the heart, it also may not be good for your mouth. And dentist, with nervous patients, should heed this warning. A study of 33 healthy patients whoAmerican Health - 127 words
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Article152 1993-08-14 24 American Health THE PERENNIAL search for a way to stay the effects of time may end however briefly at the gym. According to a recent report, formerly sedentary middle-aged men who take up a moderately vigorous activity swimming, brisk walking, or tennis, for example liveAmerican Health - 152 words
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127 1993-08-14 24 Health Singapore > FOR PEOPLE who are allergic to fish, it's not just the real thing that can be dangerous. An allergist once treated a woman who broke out in hives and began wheezing minutes after eating an eggroll made with imitationHealth Singapore - 127 words
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95 1993-08-14 24 NYT ALTHOUGH most doctors are reluctant to prescribe drugs for *Txinly mildly high blood pressure, a four-year study of more than •> 900 hypertensive men and women shows that their patients might fare better if they did. Drug therapy combined with a nutritionNYT - 95 words
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Article, Illustration1348 1993-08-14 24 Lawrence Altman - Recent studies show that sleeping prone increases the risk of crib death, reports Lawrence Altaian Lawrence Altman NYT SUDDEN infant death syndrome, which is thought to affect one of every 1.000 infants born in the US, and many more worldwide, has long baffledNYT - 1,348 words
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PEOPLE
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Article, Illustration287 1993-08-14 24 GLASSES clinked as Keppel Corporation toasted its silver anniversary on Aug 3. The company had ample cause to celebrate with 25 years of growth behind it. Keppel now heads a group of 10 listed companies here and overseas, employs 10.000 people and provides jobsPhotos by Arthur Lee - 287 words
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TIME OFF
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Article812 1993-08-14 25 SAY you are a night-life person and you happen to have a long or even a short weekend in Kuala Lumpur. The best strategy for a quick sampling of what the city has to offer is to stay in the heart of the city, in812 words
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Article, Illustration864 1993-08-14 25 Shahiron Sahari - Shahiron Sahari drops in at one of Kuala Lumpur's newest, and most fancy, nightclubs and a few others Shahiron Sahari One of Kuala Lumpur's newest, and most fancy, nightclubs is an entertainment outlet called The Musictheque. Located at the basement of Hotel Istana,864 words
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Article96 1993-08-14 25 Visions of the Night A puppet show like no other by German Frank Soehnle. this promises to "melt" different theatrical moments of puppetry, acting, pictures and music to form a decidedly dark, different and innovative art form. An enchanting, visual experience which may not be suitable for children. Last96 words
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Article186 1993-08-14 25 A Melodious Night The Bisai Civil Wind Orchestra from Japan performs a variety of music by American, European and Japanese composers. Tonight. 6.15pm at the Musical Fountain. Sentosa. Admission is free. Hanoi Quartet Four Deans and Professors of the Hanoi National Conservatory. Vietnam, form this quartet of violin, viola,186 words
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Article98 1993-08-14 25 The Blue Planet Produced with help from Nasa. this film takes you on a trip to space where the Earth seems suspended in a limitless void. With footage charting the planet's physical changes, we see how natural catastrophes have devastated life here. Too bad Man is intent on contributing98 words
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Article, Illustration727 1993-08-14 25 August Mission Representatives from over 50 educational institutions in the UK will give a talk on study in Britain. This programme is especially aimed at Singaporean students about to enrol in British institutions. Today and tomorrow, 10am to spm at the Marina Mandarin Hotel. Berlin Art Scene727 words
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Article145 1993-08-14 25 Rashoman After the film version by Akira Kurosawa, Serangoon Junior College presents their interpretation of this psychological thriller about truth, lies and reality. Last day today. Bpm at the Guinness Theatre. Tickets at $10 available from the Box Office. The Sound of the Shadows and the Ventures145 words
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Article301 1993-08-14 25 Audrey Tan - Compiled by Audrey Tan Mi, .1,, «—tt a— ifOfiOvf uvc in vWivcn Old hits such as You Are The Sunshine Of My Life, Ebony And Ivory and Just Called To Say I Love You are resurrected in this one-night-only performance. Aug 22. Bpm at the Singapore Indoor Stadium. Tickets301 words
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EPICURE
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Article, Illustration714 1993-08-14 26 AUDREY TAN - Bon Appetit By AUDREY TAN A GROUP of young women paused inquisitively at the door of The Good Life restaurant ("What is this, ah?") and took a glance at the menu. "Aiyah, health food lah." And they were gone. An addition to Boat Quay since mid-July, The Good714 words
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Article, Illustration571 1993-08-14 26 JAIME EE - By JAIME EE WHEN abalones die, they go to mollusc heaven. Well, maybe it's not heaven for them, but when you're dining on the solid but tender fellas 60 floors up in the Top of the Plaza Chinese Restaurant in UOB Plaza, you're as close to thrillsville as571 words
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Article, Illustration802 1993-08-14 26 N K YONG - Wine By N K YONG OF ALL the Champagne Grandes Marques, Salon is the smallest, the most elusive and the most unique in these days of multinationals and huge drinks conglomerates. It produces only one champagne and only in good vintages; it uses only the802 words
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Article, Illustration1059 1993-08-14 28 Aladdin. Typical Disney fairy tale, complete with pop tunes. A street teen becomes a prince, thanks to a genie with the wit of Robin Williams. Yishun 10: 11.05: 1. American Samurai. An orphaned American boy is brought up by a wise and honorable Samurai master. When the master gives1,059 words
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Page 17 Advertisements
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Advertisement252 1993-08-14 17 I EXPRESS I ISMBiaHI I The way of turning shares into I I When you move in the right circles, the world's finest bodyguard protects you. You'd be hard pressed to Audi Care. With throe years free find a luxury car as protective e n *T" 'JT N maintenance and252 words
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Page 18 Advertisements
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Advertisement116 1993-08-14 18 aHi|Si 0 .;.,-w .vix-J ?i;fe:-;: :y* :;i B HHH 9 HHHH 9HB k±*&SBKtt22/^^y ytojEg&tfjSjUM|H|||M WBfl goes on a House Hunt How much is private property really going for? Should you buy now, or later? House Hunt is a new feature in Singapore Business which gives you the actual transacted prices116 words
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Page 18 Miscellaneous
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Miscellaneous22 1993-08-14 18 DOOWESBURY garry trudeau MK.PFCSe&fT.XXfto IPON7CA&. OMNY eVBiMTHTH&OjOU? hkbeplAC£- A&TD TISBS fci MEHTUXU- MM. I 3%&x%%sgS£,- m SKI CAN OHM HUfHJtXJ j R&VFMTHBFM^^^22 words
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Page 20 Advertisements
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Advertisement7 1993-08-14 20 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Page 22 Advertisements
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Page 23 Advertisements
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Advertisement15 1993-08-14 23 CENTRE STAGE Keep in step with the culture beat The Arts. Every Monday. BusincssTimes mmmmtm15 words
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Page 24 Advertisements
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Advertisement96 1993-08-14 24 Above 4 Beyond ttr Lid 1 Maritime Square M 2-101 Expo Gateway Tel: *****42 Cortina Wjtdi Centre IV Lid >01-36 Raffles Cily Shopping Centre Tel- *****85 jrv l tZ 801-32 Lucky Plaza Tel: *****84 Deluxe bartem Walcfc A (ewrrUery IV Lid *01 18/20 Centrepoint Tel: *****36 Roy Ealem Waldi A96 words
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Page 26 Advertisements
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Advertisement25 1993-08-14 26 \S "jMWm I COME IN FOR A FULL BREAKFASTS GET A COPY OF I I THE BUSINESS TIMES FREE AT THE FOLLOWING OUTLETS R jOtOmDTOWC'OKMDKIKI'IKHIAMIWiACt'SmWgNIuP25 words
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Page 27 Advertisements
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Advertisement579 1993-08-14 27 QF I ft Cole Carousel BBfiil I JSofe IKmSril (nttTOUSil BOULOARD motel I a ff»—»i«#r »>■■» I 200 Orchard Boulevard HHhH The weekend buzz a bee-line for our High Tea every Saturday and Sunday at Ficus Cafe. Choose from an elaborate buffet spread of local and western favourites. At $16++579 words
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Advertisement246 1993-08-14 27 WHERE TO WINE, DINE AND ENTERTAIN Our weekend lea is so satisfying, people sometimes break into song. Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation. Singapore's only theme karaoke lounge. So pop over to the246 words
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Advertisement326 1993-08-14 27 Fancy Beijing? Then, we're delighted lo suggest the Pine Court for a HHr memorable dining experience. Try our Beijing specialities such as Baked Tench, Beijing Duck and V Marinated Lamb and our lunch menu of V Beijing dian xin. i'l To add to your enjoyment, BfflQ all these are well326 words
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Page 28 Miscellaneous
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Miscellaneous2363 1993-08-14 28 TODAY'S TV i"j[lyi I [¥M, [l] [M Kelab Renija Angkatamß^MLAM BMAAiUyyB Am* Pontianak, 3.30pm, SBC 5 Look Aroand The World, 9am, Kashe perceives as picturesque Bali and 3.30 Gema Warisan (M). fulness on her the clean, green Van- 4.00 Dari Seberang moves 5.30 Aronnd the World in 80 son u-,.2,363 words
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