The Business Times, 23 October 1993
1993-10-23
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The Business Times
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Title Section15 1993-10-23 1 Business Times WE KNOW ASIA MIT A (P) 552/12/92 Weekend Edition, October 23-24 1993 75*15 words
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629 1993-10-23 1 Ramesh Divyanathan - The OSA Trial By Ramesh Divyanathan SINGAPORE No effort was made to stop Business Times from publishing secret data which the Ministry of Trade and Industry (MTI) knew the paper had, a Subordinate Court heard yesterday. In his second day of testimony629 words
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873 1993-10-23 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE The Government, as the biggest employer, is taking the lead to put into effect a Medisave top-up scheme to deter overuse of medical perks by employees. It hopes employers in the private sector will follow suit.873 words
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Article121 1993-10-23 1 Walton Morais - From Walton Morais in LIMASSOL, Cyprus PRIME Minister Goh Chok Tong last night joined British Prime Minister John Major, Australian Prime Minister Paul Keating and leaders from three other Commonwealth countries to announce the dispatch of a Commonwealth ministerial mission to "key capitals around the121 words
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Article, Illustration391 1993-10-23 1 Joyce Quek - By Joyce Quek SINGAPORE Hotel Properties Ltd (HPL) has sold a block of 30 million Malayan Credit Ltd (MCL) shares for SB4 million in a private placement. The deal, rumoured in the stock market for some time, sparked interest in MCL391 words
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187 1993-10-23 1 Reuter BEIJING China, acknowledging public fury over corruption, issued an urgent order yesterday forbidding officials from doing business or playing the stock market. Promising severe punishment for corrupt officials, it demanded that problems from collection of unreasonable fees to abuse of powerReuter - 187 words
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2mm LATEST
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Article68 1993-10-23 1 Reuter NEW YORK Wall Street stocks soared yesterday on hopes of strong growth amid recent news that Germany had slashed key interest rates to boost its economy. The Dow Jones industrial average forged ahead 34.65 points to 3,670.81 at 1 pm (EDT). In the broadReuter - 68 words
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76 1993-10-23 1 Reuter WASHINGTON President Clinton yesterday announced the first wave of grants for projects designed to shift military technology towards commercial use and spur job growth in the depressed defence industry. Mr Clinton allocated USSI4O million (SS22O million) towards 41 projects, ranging from using sophisticatedReuter - 76 words
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Article54 1993-10-23 1 Reuter BONN The German Bundestag, the lower house of parliament, has approved a package of spending cuts intended to rein in growing budget deficits. The package, cutting federal spending by 21.2 billion marks (5519.92 billion) in 1994 and more in subsequent years, includes cuts in unemploymentReuter - 54 words
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Article, Illustration108 1993-10-23 1 Stock market indices Friday Cka^c STII 2.090.09 -14.2 KLSE Composite 934.11 -2.98 Nikkei 20.264.13 +15.41 Hang Seng 1.719.32 -163.36 SET Index 1,149.5 -3.78 Jakarta Composite ...466.22 -0.09 CLSA China B 1.052.38 -0.59 AustAUOrd 2.061.4 +1 FTSE 100 3,199.0 +10.7 Friday Prerio« I pa ciow Dow Jones 3.670.81 3,636.16108 words
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Page 1 Advertisements
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Advertisement16 1993-10-23 1 Lifestyle Cover Story: el 1 Hun Sen's adviser: A whole new career More reports, Back Page16 words
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Advertisement20 1993-10-23 1 Regional Currency Unit: el 5 Three for the price of one No stock market reaction to BT report. Page 220 words
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Advertisement6 1993-10-23 1 Cautious support from bosses, Pg 26 words
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Advertisement257 1993-10-23 1 Director dealings: el s Why directors bear watching More on the Telecom share offer HOCK LOCK SIEW Should you get your hands on Telecom shares at whatever cost? Page EL4 Singaporeans' fervour for Telecom shares is not shared by every foreign investor. In fact some foreign assessments are downright downbeat257 words
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Advertisement10 1993-10-23 1 ymngtime in *PertWj 100b yuan pumped into economy, Back Page10 words
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Advertisement57 1993-10-23 1 f i i ,i\ S port News 2 S port* s» 5.4 Regions Mews 3 ftmat 7 World 4 Regional Focus IS Mariwta Fctms Oob last. SES 11.12 n a«. 5 ferora* .9.10 Rewews EL6.7 J Sports 13.14 CurrwiMS 1 TV/RaAo El 2 Sma/Comno .8 SnlmJ IpUwi Td 1800-*****77 Fa57 words
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SINGAPORE NEWS
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NEWS ROUNDUP
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Article102 1993-10-23 2 TO HELP local food manufacturers export to Japan, the Japan External Trade Organisation (Jetro) is sponsoring a food labelling and sanitation consultant's trip to Singapore next week. Hirotoshi Takakura is chief of the administration department of Japan Food Research Laboratories, which is affiliated to and102 words
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100 1993-10-23 2 CARPARKING charges at five fringe carparks will be increased from Nov 1 to make the charges similar to those at the carparks near several MRT stations and used in the park-and-ride scheme. The five carparks are at Whitley Road, Delta Road, Holland ;Road. Kampong100 words
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92 1993-10-23 2 me "China fever" has resulted in many investors shifting their to China and multinational companies setting up sjppduction bases there, Dr Ker Sin Tze, Minister of State reformation and the Arts and Education) said last night. Speak*nfg at the 40th anniversary celebrations dinner of92 words
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368 1993-10-23 2 Helen Chang - By Helen Chang BRITISH group Fisons Pharmaceuticals hopes to expand its Asian sales as regional healthcare needs continue to expand. "We are very conscious of the fact that the Asia-Pacific region is a very exciting one. and we wish to participate," group368 words
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510 1993-10-23 2 Government White Paper on Affordable Health Care EMPLOYERS generally support a proposed Medisave topup scheme for workers, but are cautious about how it sh6uld bft implemented. The proposal by a ministerial committee is contained in .a White Paper on Affordable Health Care to be510 words
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215 1993-10-23 2 THE demand for retrofitting work in local buildings will expand further, and local contractors should prepare the skills for such projects, said Minister of State for National Development Lim Hng Kiang. He said at a seminar on retrofitting yesterday that contractors had215 words
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677 1993-10-23 2 Ramesh Divyanathan - The OSA Trial By Ramesh Divyanathan THE stock market did not react when Business Times published a report on the flash estimates of second-quarter economic growth last year some weeks ahead of their official release, a Subordinate Court heard yesterday. On677 words
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Article, Illustration325 1993-10-23 2 Corinne Kerk - By Corinne Kerk SPECIALTY jeweller Tiffany Co opened its South-east Asian flagship store in Ngcc Ann City yesterday. The 7,500 sq ft double-sto-rey boutique is four times as big as its Rallies Hotel outlet, opened in 1991. These two325 words
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346 1993-10-23 2 Genevieve Cua - By Genevieve Cua SINGAPORE companies which want to venture into the telecommunications industry will find bright prospects in the supply of equipment and services, says DBS Bank's economic research department. The department's monthly report for October focuses on the growth potential of the telecommunications industry346 words
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Page 2 Advertisements
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Advertisement110 1993-10-23 2 uK,EX«fBITiON> 22nd, 23rd 24th, October 1993 The Reuben's suite the Turner suite of the Oriental Singapore Hotel. 5 Raffles Avenue, Marina Square, Singapore 0103 10:00 am To 7:00 pm 7 Jk* '< i <*)■* f'■ jS.'Tfif Brand new lease hold flats and free hold houses located in and around London.110 words
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THE REGION
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546 1993-10-23 3 Reuter, AFP TOKYO Prime Minister Morihiro Hosokawa has decided to push for Japanese income tax cuts of five trillion yen (SS72 billion) as early as January to stimulate the ailing Japanese economy, the Asahi Shimbun reported yesterday. Mr Hosokawa willReuter,; AFP - 546 words
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Article, Illustration55 1993-10-23 3 AFP SHANGHAI An elderly Chinese woman stands by a small alley in Shanghai. Official figures released yesterday show that China has more than 100 million people aged over 60, and by the year 2000 the country will have 130 million over 60, making up 10 perAFP - 55 words
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426 1993-10-23 3 Catherine Ong - From Catherine Ong in HONGKONG MALAYSIAN tycoon Robert Kuok has pledged not to change the editorial policy of the South China Morning Post to allay fears that his vast business interests in China would force the newspaper to adopt a pro-Beijing line. "The fundamentals of426 words
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333 1993-10-23 3 Kevin Sullivan - By Kevin Sullivan SINGAPORE Chinas open-door policies will prevail for now though protectionism may come to be seen as an increasingly attractive option in Beijing, an expert in China affairs said. "I'm confident China will remain more or less open in333 words
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323 1993-10-23 3 AFP HONGKONG Chinese President Jiang Zemin said yesterday that he expected "positive results" from the marathon talks on Hongkong's political reforms and a resolution would be instrumental in furthering Sino-British ties. But Hongkong Governor Chris Patten reiterated here his warning that there wereAFP - 323 words
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475 1993-10-23 3 Alan Boyd - From Alan Boyd in BANGKOK THE THAI petrochemicals industry has officially petitioned the government for exclusion from the Asean Free Trade Area (Afta). citing unfair competition from established producers, notably Singapore. Senior company executives demanded the exemption at a meeting with Industry Ministry permanent475 words
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ASIA NOTES
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79 1993-10-23 3 UPI JAKARTA A government official said on Thursday Indonesia had no intention of purchasing advanced Russian-made Mig-29 Fulcrum jet fighters and will instead continue shopping in the west for the aircraft. Research and Technology Minister B J Habibie told Antara, Indonesia's official news agency,UPI - 79 words
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Article, Illustration57 1993-10-23 3 Reuter JAKARTA Some 100 Indonesian Muslim students and others burned two flags of Israel and a picture of Israeli Prime Minister Yitzhak Rabin in a demonstration urging Jakarta not to recognise the existence of Israel. It followed a surprise visit by Mr Rabin to JakartaReuter - 57 words
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81 1993-10-23 3 Reuter TOKYO Japan said yesterday it will wage a nationwide media campaign to head off panic buying of rice. The Food Agency said newspaper advertisements and television commercials would seek to allay fears of a shortage of the staple. Japan was forced-toReuter - 81 words
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83 1993-10-23 3 Bernama. Kyodo TOKYO Japan will conduct an investigation into the environmental effects of the Russian navy's dumping last weekend of liquid radioactive waste in the Sea of Japan. Science and Technology Agency chief Satsuki Eda said yesterday. Mr Eda told the House of Representatives'Bernama.; Kyodo - 83 words
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Article41 1993-10-23 3 Reuter JAKARTA Indonesia plans to raise the minimum wage next year, the official Antara news agency said yesterday. Payaman Simanjuntak of the Manpower Ministry, quoted by the agency, did not give details of the increase. ReuterReuter - 41 words
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361 1993-10-23 3 HK and S'pore will do better than Taiwan and S Korea, says ADB AFP. Reuter MANILA Asia's tiger economies should post at least 5 per cent growth in the next two years, with Hongkong and Singapore performing well but South Korea and Taiwan strugglingAFP.; Reuter - 361 words
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340 1993-10-23 3 AFP CANBERRA Australian Treasurer John Dawkins revised yesterday his four-year plan to cut the budget deficit, after government concessions to minor parties carried the budget through the Senate and ended two months of uncertainty. The modified version of Mr Dawkins' August 17 budget Bills wereAFP - 340 words
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535 1993-10-23 3 Jenny Lam - By Jenny Lam SINGAPORE Malaysia plans to set up a City of Franchising in Kuala Lumpur within the next two years as part of the country's drive to promote franchising. The mini-city, to be the peninsula's franchising nerve centre,535 words
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THE WORLD
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WORLD WATCH
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92 1993-10-23 4 AP MOSCOW Secretary of State Warren Christopher assured American business executives looking for riches in this vast post-Communist country they can count on the Clinton administration to be business-friendly. He said yesterday "every cent" of the US$2.5 billion (553.9 billion) approved by Congress toAP - 92 words
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118 1993-10-23 4 AFP FORT LAUDERDALE, Florida A German tourist who spent nine months in jail for threatening to blow up an airliner was freed yesterday after a judge ruled that he was misunderstood when he said his bladder was exploding. Johann Peter Grzeganek, 23, wasAFP - 118 words
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Article, Illustration63 1993-10-23 4 AFP LONDON An Islamic bronze lion produced in Moorish Spain, dating from 11th-12th century and believed to be the most important piece of Islamic sculpture to appear at an auction in a lifetime, went under the hammer at Christie this week for a new worldAFP - 63 words
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Article58 1993-10-23 4 Reuter PARIS Striking Air France staff marched towards Orly airport runways yesterday after voting to continue their action for the fifth consecutive day, grounding hundreds of flights and causing havoc, witnesses said. Police armed with teargas and shields fanned out across the runways as moreReuter - 58 words
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Article62 1993-10-23 4 Reuter LONDON Britain joined the rest of Western Europe yesterday by launching a national lottery, promising a flutter for the punter and a bonanza for good causes. Peter Brooke, the national heritage secretary, said the lottery would have prize money of about £14 million (5532.5 million)Reuter - 62 words
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271 1993-10-23 4 AP SAN FRANCISCO Bank merica Corp plans to eliminate up to 3,750 jobs over the next 14 months, according to a staff newsletter. It is the second time the bank has cut its workforce since it bought competitor Security Pacific Corp forAP - 271 words
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266 1993-10-23 4 Reuter CAPE TOWN African National Congress leader Nelson Mandela offered cautious reassurance to foreign investors on Thursday about nationalisation arid debt repayments by a postapartheid South African government. Mr Mandela said the ANC expected to participate in a multi-party government of national unity afterReuter - 266 words
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Article, Illustration533 1993-10-23 4 Japan should take initiative to ensure successful conclusion of Uruguay Round, says Gatt chief FT, Reuter TOKYO Gatt chief Peter Sutherland warned yesterday that failure to settle the Uruguay Round of world trade talks by Dec 15 would imperil decades of progress toFT,; Reuter - 533 words
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368 1993-10-23 4 FT WASHINGTON The Clinton administration is expected to announce support soon for a North American development bank, which would fund projects in communities hit by job losses resulting from the North American Free Trade Agreement. The so-called Nadbank has been strongly supported by CongressmanFT - 368 words
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Article, Illustration42 1993-10-23 4 Reuter MONTREAL Liberal leader Jean Chretien (left) leaning out of a cockpit and laughing with Quebec Labour Minister Norm Cherry during a tour of the Canadair aircraft plant on Thursday. Canadian elections will be held on Monday. ReuterReuter - 42 words
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351 1993-10-23 4 AFP WASHINGTON Allegations that Commerce Secretary Ron Brown was offered bribes by Vietnam to push for normalising ties are creating a furore here, with new developments almost daily. Mr Brown has strongly denied the allegations that he was promised US$7OO,OOO (Ssl.lAFP - 351 words
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415 1993-10-23 4 Reuter WASHINGTON President Clinton admitted on Thursday he has had trouble with foreign policy but said the post-Cold War era presents problems as challenging as those faced in the aftermath of World War 11. "In this struggle to find our way inReuter - 415 words
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256 1993-10-23 4 Reuter LONDON Britain's economy grew faster than expected during the third quarter of 1993. restoring optimism that the country's closely-watched recovery can be sustained despite doubts over its widening trade deficit. Official data released yesterday showed gross domestic product (GDP) expanded by aReuter - 256 words
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302 1993-10-23 4 AP BONN Chancellor Helmut Kohl has scolded his countrymen for letting Germany fall behind the United States and Japan in ingenuity and economic drive. Mr Kohl's speech in the Bundestag, Parliament's Lower House, on Thursday, contained the strongest words yet in aAP - 302 words
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COMPANIES & MARKETS
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Article, Illustration532 1993-10-23 5 Rahita Elias - Reports by Rahita Elias SINGAPORE Marinebased Chuan Hup Holdings is revving its engines for a major expansion drive into the region. For a start, the group plans to bring ice-cream-cum-food parlour Swensen's to China through associate Lawry's (Singapore) a 49-51 joint532 words
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354 1993-10-23 5 SINGAPORE Sesdaq-listed PCI Limited, which has set up production operations in Scotland, is eyeing the East European countries for its next production sites. The electronics contract manufacturer is investing some £2 million (554.66 million) on the Scotland facility, said PCI chairman Jimmy Peh. The354 words
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363 1993-10-23 5 Claire Leow - By Claire Leow SINGAPORE Technology company Computer Systems Advisers Holdings (CSA) has bought an 18.9 per cent stake in Hotel Information Systems (HIS) of the US, a market leader in hotel and hospitality software and services. CSA will raise its stake363 words
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147 1993-10-23 5 Bernama KUALA LUMPUR A former managing director of UCM Industrial Corporation Berhad again failed to turn up at the Sessions Court here yesterday to face a charge of falsely declaring the company's profits. Counsel told the court Tan Kim Lim Tan Kim Leng,Bernama - 147 words
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773 1993-10-23 5 Maggie Ford - MARKET WATCH By Maggie Ford JAKARTA When producers of Indonesian yarn banded together last week to complain about dumping from Taiwanese and South Korean exporters, it was only the most recent sign of the growing pains affecting one of Indonesia's most promising773 words
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Article, Illustration433 1993-10-23 5 Agnes Chen - By Agnes Chen SINGAPORE Almost nine out of every 10 applicants in Econ International's heavily subscribed initial public offering were small investors who applied for less than 10,000 shares. However, only one in 20 single-lot applicants got lucky during share balloting,Photo by Arthur Lee - 433 words
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Article, Illustration310 1993-10-23 5 Source: Bridge Info Performance of STII's Index stocks Oct 22 Last SCMC ladex Slock sale factor i Avimo 1.960 -0.010 133 100 CJkC 7 900 -0 400 J.37 40.00 CtrebM 6 700 -0 200 4.55 20.00 FAN 15.300 1039 GF Asia 3.100 0060 2.11 -6.00 Gen Mag 0.995 -0.015Source: Bridge Info - 310 words
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COMPANIES
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COMPANY BRIEFS
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69 1993-10-23 6 AFP KUALA LUMPUR Malaysia's cash-rich oil corporation. Petronas, said yesterday it has submitted to the Securities Commission plans to float its marketing arm, Petronas Dagangan Sdn Bhd, and natural gas unit Petronas Gas Sdn Bhd. "The Securities Commission is studying our proposal andAFP - 69 words
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Article89 1993-10-23 6 Bernama KUALA LUMPUR Bedford Bhd has proposed to change its name to Flong Leong Properties Bhd. In a statement to the Kuala Lumpur Stock Exchange yesterday, the company said the proposed name would be more in line with its main activities which are in theBernama - 89 words
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88 1993-10-23 6 Reuter KUALA LUMPUR O'Connor's Engineering Trading (Malaysia) Bhd said its substantial shareholder, Lembaga PemegangPemegang Amanah Yayasan Terengganu, has sold its entire 30 per cent stake of 12.76 million shares. The sale by Lembaga. a foundation of the Terengganu state government, was done on Oct 15Reuter - 88 words
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Article59 1993-10-23 6 SINGAPORE PT Caltex Pacific Indonesia has awarded a contract to build a U5512.97 million (5520.2 million) power station in the Riau province in Sumatra to Indonesian contractor PT Kwartadaya Dirganusa, the Bisnis Indonesia newspaper reported yesterday. The agreement to build the 33 megawatt plant, called59 words
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Article153 1993-10-23 6 WEARNE BROTHERS yesterday pointed out that the article, "Wearnes makes general offer after buying 24m Polytek shares", in BT yesterday contained several inaccuracies. It said that prior to the sale and purchase agreement entered into by Wearne Brothers (Hongkong) Ltd on Oct 20 in respect of the153 words
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Article472 1993-10-23 6 UNIT TRUSTS FUNDS WUeagen' prtet* Oct 23 4 25 NTUC Income Singapore Unit Trust Incomc Bond Policy 381 3.95 The Commerce 1.57 1.65 Prudential The Savings Fund 1 50 1.58 PruLink Mgd Fund 1.33 1.40 S'pore Prog Fund S pore Sec Fund oo 0.69xd 1.00 MARA-Bumiputra V S'pore Invest Fund472 words
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Article792 1993-10-23 6 Payment Ex Books Pay date close date AMDB 50* b 3 Sep 14 Sep 28 Oct 27 Bedford 50* F 2.5 Nov 3 Nov 17 Dcc 8 BMT $10 (100) F 100 Nov 11 Nov 23 Nov 25 Bouslcad 50" F 10 Nov 19 Dcc 3 Dcc 30792 words
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Article, Illustration563 1993-10-23 6 Reuter TOKYO Japanese prosecutors swept down on the headquarters of a leading construction firm, Kajima Corp. yesterday to search for evidence of suspected pay-ofTs to regional leaders, a company spokesman said. Kajima. Japan's second biggest builder, is the latestReuter - 563 words
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701 1993-10-23 6 Amount is 25pc more than Viacom's bid price Reuter NEW YORK QVC Network Inc took ofT the gloves in its fight for Paramount Communications Inc on Thursday, offering US$4.B billion (557.5 billion) in a hostile cash tender for 51 per cent ofReuter - 701 words
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271 1993-10-23 6 NYT SAN FRANCISCO Conner Peripherals Inc, the troubled computer disk drive maker, reported on Thursday a thirdquarter loss of L' *****.4 million (SSSBI million) and said it was laying off 12 per cent of its workforce. It said the loss included US$33O million inNYT - 271 words
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183 1993-10-23 6 MBT KUALA LUMPUR Westmont Holdings has acquired 12 million shares representing a 19.96 per cent stake in Samanda Holdings. Samanda. in reply to a query from the Kuala Lumpur Stock Exchange, announced yesterday that it was notified by Westmont of the acquisitionMBT - 183 words
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Article, Illustration450 1993-10-23 6 Said Abdullah - By Said Abdullah SINGAPORE Japanese trust fund managers are looking increasingly to the rest of Asia for better returns. Japanese investment trust funds specialising in Asian stock markets rose to 57 with assets of about 400 billion yen (555.8 billion) at the endSource: Nomura Research Institute Ltd - 450 words
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301 1993-10-23 6 Bernard Chew - By Bernard Chew SINGAPORE Creative Technology Ltd yesterday silenced critics who had predicted that the company's meteoric growth was unsustainable by announcing results that exceeded market expectations. Creative's net income for its first quarter ended Sep 30 reached a record USS2I million (Ss33 million),301 words
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274 1993-10-23 6 Bernama KUALA LUMPUR Tenaga Nasional Bhd will award transmission contracts worth Ms 2 billion (551.23 billion) over the next five years, executive chairman Ani Arope said yesterday. "This is just on transmission alone and does not include distribution contracts," heBernama - 274 words
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FINANCE & COMMODITIES
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Article, Illustration381 1993-10-23 7 S N Vasuki - By S N Vasuki SINGAPORE Prudential Asia, the Asian investment and merchant banking arm of America's Prudential Insurance. has forged a joint venture in Indonesia. It is also keen on using its China network to help small and medium-sized Singapore companies to expand381 words
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189 1993-10-23 7 Knight-Ridder SEOUL South Korean government inspectors are investigating branches of Donghwa Bank and Coryo Securities for suspected violations of the real-name transaction law, a Securities Supervisory Board official said yesterday. The investigations were sparked when government inspectors traced the route of funds inKnight-Ridder - 189 words
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149 1993-10-23 7 AFP HONGKONG The HSBC Holdings pic announced a new issue of US$25O million floating rate notes yesterday. The new issue is due in 2008, but may be redeemed on November 17, 2003, the Lon-don-domiciled parent of Hongkong and Shanghai Banking Corp, said here. The couponAFP - 149 words
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Article, Illustration467 1993-10-23 7 DBS Weekly Currency Review US$/D\f: Bulls on rampage Bulls went on a rampage this week, as the greenback rallied from a low of 1.6184 on Monday to a high of 1.6705 on Thursday. Despite the overbought daily stochastics, the technical outlook is bullish as a double467 words
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234 1993-10-23 7 Reuter LONDON Sun Alliance Group said it was selling Sun Alliance Insurance Company (Canada) to Royal Insurance Canada, and was acquiring Royal Insurance (NZ) Ltd in New Zealand. Sun Alliance said its Canadian general insurance company's premium income for 1992 was CSReuter - 234 words
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232 1993-10-23 7 UPI MOSCOW A major Russian oil company, the largest enterprise to issue shares since Russia's privatisation campaign began, will go under the auctioneer's hammer on Monday. Officials announced on Thursday that shares in Yuganskneftegaz. one of the biggest oil producers in western Siberia. wouldUPI - 232 words
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436 1993-10-23 7 Bloomtmg ENERGY REPORT LONDON Oil futures prices tumbled on both sides of the Atlantic yesterday. There were concerns that ample stockpiles, stagnant demand and rising production from non-OPEC producers will keep prices suppressed even if Opec sticks to its new quotas. The Organisation of Petroleum436 words
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Article, Illustration137 1993-10-23 7 THE US$ moved sharply higher against European currencies after rate cuts by several European central banks and comments by Bundesbank president Hans Tietmeyer about possible cuts. The USS/SS market opened higher at 1.5745/50 but was quickly sold to its day low by commercial demand for137 words
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Article90 1993-10-23 7 AFP NEW YORK The dollar was mixed against major currencies in a calm market early yesterday as traders turned to profit-taking and strengthening their positions ahead of the weekend. At around 9:15 am (1315 GMT), the US currency was trading at 1.6675 German marks, up from 1.6672 lateAFP - 90 words
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Article188 1993-10-23 7 UPI LONDON The widening wave of European rate cuts, triggered by the unexpected cut in German interest rates, helped the dollar sustain its sharp gains to end the week higher yesterday. Analysts said they thought there would be further monetary easing across Europe next week, notably in France whereUPI - 188 words
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Article, Illustration1621 1993-10-23 7 trade- third index cahukurd afainw S'pore'f lop 14 trading partner Bav yrar 196< USS/SS forward rates Noon Oct 22 SS BM Oder 1-month I.56S2 I 5697 2-month I.SMI 1.56 76 3-month I 564» 1.5663 6-month 1.5635 1.5655 Sowrtr OCflt" Source: OCBC FOREIGN CURRENCY NOTE RATES to at ltan m tct1,621 words
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COMMODITIES & FUTURES
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1400 1993-10-23 8 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed up on short-covering yesterday after a surprisingly large Bank of Japan funds injection into the money market. The June Euroyen contract ended at 97.67 against 97.64 on Simex previously, off an early bottom of 97.60. JapaneseReuter - 1,400 words
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Article615 1993-10-23 8 COMMODITY REPORTS Till TIN extended ils upward trend and closed at a 11-week high of MS 12.71 per kg on continued demand and expectations of more positive outcomes from the meeting of the Association of Tin Producing Countries here, traders said. The price rose 20615 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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101 1993-10-23 8 KUALA LUMPUR The possibility of Malaysia building a third liquefied natural gas plant has prompted oil tympanies to explore for gas in the country. Petronas Carigali of Malaysia. Japan's Nippon Oil Exploration and Occidental Petroleum of the US yesterday signed production sharing contracts101 words
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Article152 1993-10-23 8 TOKYO China's Ceroil foods official has set its official new-crop corn export price for shipment from January forward at US$lO5.OO per tonne FOB Dalian, traders said. Offers for December and January shipment from other exporters also are firming in response to tightening supplies now that152 words
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120 1993-10-23 8 TAIPEI Taiwan's state-run Chinese Petroleum Corp will begin test runs on its No 5 naphtha cracking unit on Tuesday, a CPC official said yesterday. The unit, which will have a production capacity of 400.000 tonnes of ethylene per year, is expected to begin full120 words
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Article1675 1993-10-23 8 Rubber Oct 22 MS Commodity Exchange (fut nros dosing as at 1pm) MS (physical prtcos) RSS 1 Contract (S cents/kg) Bnyors Sollors CkMC Volume Open As at 12 noon (S cents/kg) Month High Low Sctt (tonnes) Interest RSS 2 Nov 93 126 75 I27.75N Nov 93 Dcc Jan1,675 words
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REGIONAL STOCK MARKETS
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Article1284 1993-10-23 9 1 FUTURES trading helped the share market recover from its morning lows to end slightly ahead yesterday. Buying from Asian investors also contributed to a lift in the overall index after the market spent much of the day in negative territory, brokers said. Features of an otherwise fairly quiet1,284 words
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Article569 1993-10-23 9 13.53 Share prices closed slightly higher in a brisk market as investors took profits on some blue chips and switched to sec-ond-liners. brokers said. "The market was so hectic, we could hardly find time to go to the rest room." said Joey Roxas of R Coyiuto Securities as Manila569 words
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Article572 1993-10-23 9 +85.28 Taiwan share prices closed sharply up in heavy trade on buying of speculative stocks by major players, hopes for an interest rate cut and a good profit announcement by Cathay Life Insurance, brokers said. The weighted index surged 85.28 points or 2.2 per cent to end at 4.052.38,572 words
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Article410 1993-10-23 9 -4.11 Across-the-board profit-taking dragged the stock market down in a day of sluggish trading volume. brokers said. They said shares with low price-to-book ratios (PBR). which have been recent market winners, lost momentum more strongly than other counters. The composite stock index closed 4.11 points lower at 736.99 with410 words
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Article295 1993-10-23 9 10.71 The New Zealand share market continued its steady rise yesterday. hitting a four-year high in thin and volatile trading dominated by buying in Fletcher Challenge, brokers said. Volume, at NZ$46.O million. was reasonable but light by recent weeks' standards, although the day was one of the most295 words
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Article43 1993-10-23 9 +31.99 Share prices rose slightly in after hours kerb deals but the market lacked direction, brokers said. The Bombay Stock Exchange 30-share index closed at 2,721.76. up 31.99 points from the previous close. The 100-share national index rose 11.93 points to 1.308.14.43 words
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WORLD STOCK MARKETS
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Article644 1993-10-23 9 10.7 London shares cappcd a week of sharp rises yesterday with the FTSE 100 gaining a further 10.7 points to finish at 3,199.0 points, a new closing high. The new high was reached after the index flirted with, but was unable to breach, the 3,200 level for the second644 words
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Article269 1993-10-23 9 11.3 Swiss blue chip stocks soared to their fourth high this week, buoyed by the German Bundesbank's rate cuts and a steady stream of investors mov ing out of the bond market, traders said. The US dollar also helped drive the shares to new highs today, especially the dollar-sensitive269 words
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Article79 1993-10-23 9 +o.3pc Swedish shares ended the week with all three indices at record closing levels. The blue-chip top-16 was up 0.19 per cent at 1.492.94 and the all-share index added 0.3 per cent to 1,397.90. Stockholm Oct 22 Skr tan <5400 400 Ailra IT* 00 unvti At Us t'opco 40?79 words
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Article209 1993-10-23 9 +31.48 German share prices closed at a new record high, as foreign and domestic buying supported the market during the session after a sharp opening gain. Bundesbank's half-point interest rate cut on Thursday was behind the rally. Funds continued to flow out of fixed-rate investments into equities. Many players209 words
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Article265 1993-10-23 9 +3.49 For the sixth time in a row. Dutch stocks hit an all-time high. Share prices across Europe continued to climb after Thursday's interest rate cuts in several European countries, traders said. The dollar's positive response to the lower interest rates also fueled buying interest in Amsterdam because many265 words
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Article126 1993-10-23 9 +32.14 The CAC 40 index of French blue chip stocks closed at a record high after the Bank of France went some of the way towards satisfying investor expectations by trimming both its key rates, traders said. The CAC 40 index closed at a record high of 2,231.86. up126 words
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Article122 1993-10-23 9 +0.66 Belgian stocks edged up yesterday following Thursday's rate cuts in Germany despite talks on the social pact breaking down, traders say. The Bcl-20 index closed up 0.66 points at 1.374.44 with 338.000 shares traded. Brussels »Xrt 21 Frs«« FORWARD MARKET AG Fin 25*5 unch Vh 2550 \rtwd 1122 words
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Article63 1993-10-23 9 -6 Gold shares ended substantially lower as investors sold into a weak market following gold's latest decline this time to around USS367 an ounce. Industrials were sluggish in pre-weckend trade that attracted little interest, dealers said. The gold index was 60 points lower at 1.716. the industrial index six63 words
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Article280 1993-10-23 9 -3.99 Toronto stocks eased in sluggish early trading yesterday as investors hugged the sidelines on the eve of next Monday's federal election, dealers said. "I think the market is going to go into a quiet mode bccause of the election coming up." one trader said. The TSE 300 composite280 words
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Article931 1993-10-23 9 34.65 Wall Street stocks soared yesterday on hopes of strong growth amid recent news that Germany slashed key interest rates to boost its economy. The Dow Jones Industrial Average forged ahead 34.65 points to 3.670.81 at 1 pm EDT. In the broad market, gainers led declining issues 10-7931 words
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Article1173 1993-10-23 9 Britannia Funds Nterliag Cask Bid Offer Mim ap Deposit U MOO M 6500 Mim Jeney Gilt .0.1*4) 0 l**2 Mint Mai Income *1 0400 *1 0800 LSS Cash Income Plus Fund 10 ICOO 11 4000 PS Rtv-nt Fund 5 2200 5 2 WO Sterling F^ail) Euro Performance 0 45*2 01,173 words
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Article, Illustration3092 1993-10-23 10 Reuter HONGKONG Shares finished 1.84 per cent lower, with brokers saying the market has finally entered a confirmed consolidation phase. The blue chip Hang Seng Index was off 163.36 points to 8,719.32 after easing briefly below 8.700 to a low of 8,695.72. "I wouldn't be surprised if it hitsReuter; Source: Bridge Info - 3,092 words
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Article, Illustration504 1993-10-23 10 IN Shanghai, turnover remained low on the B market yesterday. Share prices closed mixed with the CLSA Shanghai B index ending 1.1 points down to 811.70. In Shenzhen, the CLSA Shenzhen B index edged 0.26 point higher to 1,082.86. The biggest mover was Southern Glass which accounted for 75504 words
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Article, Illustration2523 1993-10-23 10 Reuter TOKYO Stocks closed higher with the Topix ending at its day's high on index-linked buying by public pension funds before East Japan Railway's share listing next Tuesday, brokers said. Sentiment was encouraged by firm bond prices and the Bundesbank's credit easing. "The market is hoping that the JRReuter; Source: Bridge Info - 2,523 words
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Article, Illustration1835 1993-10-23 10 Reuter BANGKOK Thai stocks fluctuated on profit-taking and local investors' worries about Thursday's protest by police against the transfer of their chief Sawasdi Amornvivat to an inactive post, brokers said. The SET index dropped 3.78 points to close at 1.149.54 on turnover of 10.38 billion baht. It had movedReuter; Source: Bridge Info - 1,835 words
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Article, Illustration1090 1993-10-23 10 Reuter JAKARTA Share prices closed mixed in active trading yesterday, with second-liners seeing more support ahead of the long-anticipated investment deregulation. brokers said. The official index edged down 0.09 points to 466.22. "Broad support in second-lin-ers by local players kept the market active, while profit-taking in big capitalised stocksReuter; Source: Bridge Info - 1,090 words
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Article, Illustration2757 1993-10-23 11 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Asia Kac Ld 50c 54 084.000 Pcgi M«i 42.515.000 FACB 50c 26.443.000 Idris Hvd 50c 24 632.000 Rcnonj Bhd 50c 17.870.000 General Corp 17.264.000 Fabcr Group 16.136.000 \Ml)B 50c 12.815 000 Insas Bhd 11.196.000 Ind Oxvgcn 50c 9.573.000 MUISource: Bridge Info - 2,757 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5745 1993-10-23 11 Bernama KUALA LUMPUR Share prices here closed steadier on brisk trading in situational stocks while further support for several component issues pushed the Composite Index to hit a new all-time high of 939.16 during trading. However, the index, which had in early tradingBernama; Source: Bridge Info - 5,745 words
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STOCK EXCHANGE OF SINGAPORE
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Article, Illustration8310 1993-10-23 12 R Sivanithy - By R Sivanithy SINGAPORE Late profit-taking yesterday pushed down share prices here, while most of the action was seen in Malaysian shares traded on Clob International. The Straits Times Industrials Index spent most of the morning moving upwards, and hit an intra-day high of 2.118.84Source: Bridge Info - 8,310 words
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Article, Illustration74 1993-10-23 12 Paul Leo - HOT STOCK Paul Leo MENANG Corporation is set to challenge its recent peak at $1.43 from yesterday's close of $1.28. It has just broken above a downward sloping trendline formed since Oct 6 on the daily chart. However, weekly and monthly charts are not encouiM aging with theirSOURCE: BRIDGE INFO - 74 words
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Page 5 Advertisements
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Advertisement237 1993-10-23 5 Guess The Price Of Telecom Shares TELECOM SHARES COULD BE YOURS IF YOU CONNECT IT RIGHT! What price, Telecom shares? Guess its successful tender price (Group C). Get it right and you could receive a cash prize equivalent to 1,000 Telecom shares at its tender price! All you need to237 words
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Page 8 Advertisements
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Advertisement525 1993-10-23 8 BUSINESS TIMES TOLL-FREE TEL No. 1-800-741-1883 FAX 741-1296 NOTICE IS HEREBY GIVEN that, I, Vinayath i/o Govindasamy of Blk 6 Ghim Moh Road #13-43 Singapore 1027, have applied for a Retail Liquor Shop Licence in respect of premises at M/S Bintang Mini Mart at G3, 35 Fishery Port Road Singapore525 words
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Advertisement30 1993-10-23 8 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead i saw® offers Bp the most current ■FlUto/Job |F opportunities30 words
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Page 9 Advertisements
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Advertisement14 1993-10-23 9 REGIONAL ANALYSIS Every Wednesday in Business Times I he Milan report was not available.14 words
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Page 10 Advertisements
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Advertisement30 1993-10-23 10 Established since 1919 ANTIQUE ESTATE WATCHES sk. Sena (pit) Shongri La hotel StoddsTaf GJA. Certified Diamonds Tel: 732 5689 (LMset Numbered) SmaM and 2carat above Manufacturing jewellers since 1919 ROLEX30 words
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Page 11 Advertisements
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Advertisement16 1993-10-23 11 Networking Asia How a computer network chain is trying to emulate its US success in Asia16 words
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Page 12 Advertisements
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Advertisement33 1993-10-23 12 Establish* s<nc« 1919 ANTIQUE A ESTATE 31. Sena (pi») £td. Shangri La hotel Stockist efG.IA. Certified Diamonds Te 1'732 5689 (Laser Nurtttered) www.# SmaM and 2 carat above Manufacturing jewellers since 1919 ROLEX33 words
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SPORTS
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Article, Illustration526 1993-10-23 13 World Matchplay Championship Golf AP VIRGINIA WATER, England Steve Elkington has dismissed the crowd favourite; now he must deal with the tournament favourite. "That might be like falling off a clifT, playing the world No 1 on his own course," Elkington said.AP - 526 words
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Article, Illustration184 1993-10-23 13 AFP WENTWORTH. England Japan's wait for a winner at the World Matchplay Championship to emulate Isao Aoki's victory here in 1978 was prolonged for another year on Thursday. Yoshinori Mizumaki, his country's only representative in this year's event, was beaten in the first round by European Ryder CupAFP; Reuter - 184 words
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SIDE LINES
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Article102 1993-10-23 13 AFP TOKYO The Japan Sumo Association, which has long been the domain of men only, said on Thursday it was studying appointing a woman for a panel that chooses the yokozuna, or grand champion. "We would like to study the possibility of having aAFP - 102 words
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95 1993-10-23 13 AP AUSTIN, Texas Pernell Whitaker's protest of a judge's scoring in his controversial draw with Julio Cesar Chavez in San Antonio last month has been withdrawn, officials said. Whitaker's promoter, Dan Duva had filed a complaint with the Texas Department of Licensing and Regulation based onAP - 95 words
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Article70 1993-10-23 13 AP MUNICH Wimps. That's not a term usually associated with Charles Barkley and the Phoenix Suns, but that's how coach Paul Westphal described his team before the McDonald's Open. After a series of sloppy plays by his starters during practice on Thursday, Westphal lost patience.AP - 70 words
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76 1993-10-23 13 AP LAS VEGAS Tennis star Andre Agassi's name will soon be appearing on Las Vegas maps. Clark County commissioners have approved naming two streets in Agassi's southwest Las Vegas housing conclave after the tennis player. The two private streets are being called AndreAP - 76 words
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408 1993-10-23 13 Las Vegas Invitational AP LAS VEGAS A little lapse on the last hole cost DrGil Morgan sole control of the lead on Thursday after the second round of the five-day Las Vegas Invitational. "I messed up," Morgan said after a bogey-6 fromAP - 408 words
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SCORE CARD
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Article, Illustration29 1993-10-23 13 Reuter MUNICH First-round matches in a six-team international tournament on Thursday: Buckler Bologna (Ita) b All-Star Franca (Bra) 129-88; Real Madrid (Spn) b Bayer Leverkusen (Ger) 85-75. ReuterReuter - 29 words
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Article, Illustration276 1993-10-23 13 Reuter AFP Reuter AFP TOKYO 120 million yen (SSI.7 million) Bridgeston Open leading second round scores Friday (Japanese unless stated): 137 Ikuo Shirahama 68 69 138 Kiyoshi Murota 70 68. Katsuyoshi Tomori 70 68, Masahiro Shiota 70 68. Hajime Meshiai 68 70 139 Masahiro Kuramoto 71 68. Ryoken KawagishiReuter; AFP - 276 words
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Article, Illustration36 1993-10-23 13 Reuter NEW YORK NHL Thursday: Toronto 4 Florida 3 (OT); Detroit 6 Winnipeg 2; Dallas 6 Ottawa 5 (OT); Chicago 3 Quebcc 2; Vancouver 6 Calgary 3; St Louis 5 San Jose 2. ReuterReuter - 36 words
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Article, Illustration302 1993-10-23 13 AFP AFP AFP AFP LYON, France Lyon Open 2nd Rd Thursday: Lionel Barthe/ (Fra) b Olivier Dclaitre (Fra) 6-4 6-4; Martin Damm (Czc) b Yevgueni Kafelnikov (Rus) 6-4 7-6 (10/8); Richard Fromberg (Aust x 8) b Yaya Doumbia (Sen) 6-4 6-7 (2/7) 6-4; Cedric Pioline (Fra x 5) bAFP - 302 words
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Article, Illustration614 1993-10-23 13 Australian winger appreciates a rugby culture less critical than his own AFP AGEN, France David Campese is frank about fame. "It's a pain in the *****," he says. Not that you could tell on Australia's tour of France. The Australian winger, chased daily by mediaAFP - 614 words
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Article, Illustration793 1993-10-23 14 Claire Smith - The World Series By Claire Smith NYT PHILADELPHIA For the better part of four games in the World Series, the stage belonged to the big boys. The record 65 runs scored by the Toronto Blue Jays and Philadelphia Phillies indicated as much. Sometimes, though, whenNYT; Reuter - 793 words
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Article1320 1993-10-23 13 n** no no CT» AIhi Dhabi GA860 2000 Adelaide SQ228 2120 Amman RJ187 0600 Amstentam KL837 1540 KL838 0200 KL837 1550 SQ324 0105 SQ323 1555 KLB44 0535 Athens SQ347 1730 SQ347 1735 Auckland SQ286 2030 Bahrain GF148 0905 B Sen Begawan BI421 1105 SQ182 0915 SQ1811,320 words
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SHIPS IN PORT
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Article697 1993-10-23 14 Vessel Voy No Berth Arrival Departwe Vessel Voy No Berth Arrival Departure Jurong Port Tanteo 4/93 P02 alongside 22.10/1500 Arkta Sun V9306 K alongside 2310/2130 Bach Dang 14 5T93 P098 2310/0200 2410/0200 Bttws 1989 11D/93 19 alongside 23 10/0230 Batam Speed3 ****** P01A 22.10/2100 22.10/2300 Conngle Bay697 words
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Article1799 1993-10-23 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Voy Wo Cortanm »aiabte Sty Voy No Containers ivjfable Soto Reefer' 9352 0000 93 0000 B Serop 726N COO(EST) 22 10 93 0700 a** Bra»e 18 21 1093 0700 Seraya laya 104SR COD(EST) *****3 1500 1,5 9316 21 10.93 0740 losindo1,799 words
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Page 14 Miscellaneous
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Miscellaneous464 1993-10-23 14 I CRYPTIC CROSSWORD ACROSS No particular trader 8 Crust I removed from the 9 Vet competitor MB ~~BR" BB eluded having three regulat- PV--H--H ing devices (8) F I I I I r 10 Transport payment returned mm——^ II Lizard turned up again penniless! (6) 12 Very attractive in Elba,464 words
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REGIONAL FOCUS
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Article, Illustration1810 1993-10-23 15 Leon Hadar - By Leon Hadar in WASHINGTON THE COLLAPSE of the Liberal Democratic Party (LDP) in Tokyo was described for a while by American analysts as something akin to the fall of the Berlin Wall. The event had created expectations in Washington for a Japanese1,810 words
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Article, Illustration688 1993-10-23 15 Tokyo Motor Show AP, Reuter MAKUHARI, Japan Japan's carmakers, reeling from a surging yen and weak sales, signalled a shift in direction with a new generation of cars that stress practicality and cost sav ings over luxury. Under the hoods or behind theAP,; Reuter - 688 words
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Page 15 Advertisements
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Advertisement230 1993-10-23 15 SPH'S NEWSPAPERS MAGAZINES NOW AVAILABLE AT THE FOLLOWING /CALTEX SERVICE STATIONS Wm c For enquiries on availability or subscription, please call SPH Customer Relations Hotline 1800-749 2577 Caltex Stations: Ang Mo Kio S/Stn 1351 AngMoK*>Ave 1 Bukit Baton S/Stn 50 Bt Bate* East Ave 3 Changi Rd S/Stn 78 Changi230 words
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Article, Illustration485 1993-10-23 16 Walton Morais - The Commonwealth Summit Reports by Walton Morais in LIMASSOL, CYPRUS COMMONWEALTH leaders put the Uruguay Round of world trade talks firmly on the agenda during discussions at their biennial summit, warning that failure to meet a December 15 deadline could spellPhoto by George Gascon of The Straits Times - 485 words
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443 1993-10-23 16 AFP, Reuter, UPI TOKYO Prime Minister Morihiro Hosokawa vowed yesterday to draw up plans this month to open Japan's construction market following a threat by the United States earlier this week to impose sanctions from the beginning of November.AFP,; Reuter,; UPI - 443 words
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Article, Illustration56 1993-10-23 16 AFP DHAKA Several hundred Muslims held a protest rally yesterday after Friday prayers to condemn Indian troops for the week-long siege of the Hazrat Bal mosque in Srinigar. Indian troops opened fire on tens uf thousands of Kashmiri Muslims in Srinigar yesterday, killing atAFP - 56 words
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203 1993-10-23 16 Bernama-Kyodo BEIJING China's central bank, the People's Bank of China, injected 100 billion yuan (SS27 billion) into China's booming economy in August and September, state media reported yesterday. Zhou Zhengqing, deputy governor of the central hank, said the increase in the moneyBernama-Kyodo - 203 words
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253 1993-10-23 16 INDIAN Finance Minister Manmohan Singh called on Prime Minister Goh Chok Tong on Thursday to discuss Mr Goh's visit to India early next year. In bilateral meetings that are taking place on the sidelines of the Commonwealth Heads of Government meeting here,253 words
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388 1993-10-23 16 Reuter BEIJING The United States will press China in talks beginning this weekend for greater access to its booming market and will try to ensure that Beijing lives up to trade agreements, an American official said yesterday. The official,Reuter - 388 words
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347 1993-10-23 16 Knight-Ridder. Reuter HONGKONG China's central government has reached a "consensus" with the provinces to implement a new tax system next year that will increase revenue to state coffers. Vice-Finance Minister Jin Renqing was quoted in the Asian Wall Street Journal yesterday as saying theKnight-Ridder.; Reuter - 347 words
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377 1993-10-23 16 Reuter MOSCOW Boris Yeltsin moved yesterday to claw back Kremlin authority yielded to the provinces over the last year, striking references to the sovereignty of constituent republics from a new draft constitution. The action, reported by Interfax news agency, seemed likely to bringReuter - 377 words
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491 1993-10-23 16 Bundesbank rate cuts Reuter FRANKFURT A surprise half-point reduction in the Bundesbank's official interest rates on Thursday will almost certainly not be the last this year, German economists said, predicting another easing for early December. The Bundesbank cut its discount rateReuter - 491 words
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Page 16 Advertisements
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Advertisement23 1993-10-23 16 Monday in Business Times STOCK MARKET WATCH KLSE Stock Market Outlook for 1 1994 Stocks-to-Watch HsWnHßrW»WiWW?fl«vlCvtMT'sH«tt'HP!W!CTCW^iiiii^H I I HTTVjTI i> v I rTiv^B23 words
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Executive Lifestyle
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Article, Illustration1724 1993-10-23 17 Harish Mehta - Harish Mehta meets Mam Sophana, a S'porean chosen by Prince Norodom Ranariddh to head a key Cambodian committee Harish Mehta The writer is a BT correspondent specialising in C ambodian affairs. CAMBODIA'S former Prime Minister Hun Sen went headhunting in July and surprise, surprise, he hired aPhoto by Chris Loh - 1,724 words
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STRAWS IN THE WIND
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Article30 1993-10-23 17 "IF WE own shares in Telecom, do we get discounts when buying phones and pagers?" a client asked a counter staff at UOB's United Square branch.30 words
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Article76 1993-10-23 17 CPF staff overheard telling a group of people who left their names for a PAL (Personal Auto Link) number which allows them to transfer funds from their ordinary account to their investment account via the phone: "After you call the hotline, don't talk to the voice it's a76 words
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Article54 1993-10-23 17 NOW who is more kiasu? According to a hotelier who has spent some time in Hongkong, the difference between Singaporeans and Hongkongers is that the latter would have found out about the details of a share issue the moment they got wind of it. No such thing54 words
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Article38 1993-10-23 17 AN OCBC credit officer claims she hasn't been able to work property over the past week or so because it's "impossible to dial out all the switchboard lines are busy with all sorts of inquiries".38 words
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OPINIONS
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Article, Illustration1053 1993-10-23 18 Owen Landell-Jones - Owen Landell-Jones says liberalism is an unavoidable consequence as a democracy matures and expects to see more of it in Singapore and elsewhere in Asia Owen Landell-Jones The writer, managing director of Advertising Associates, has lived in Singapore for the last 10 years, after 31 years1,053 words
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583 1993-10-23 18 Peter Chia - LETTERS TO THE EDITOR Peter Chia Manger, Public Affairs Stock Exchange of Singapore PLEASE REFER lo the article, "How Hotel Properties shareholders got the rights all wrong", in your Hock Lock Sien column on Oct 21. In Hotel Properties583 words
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422 1993-10-23 18 Roland Eng - Roland Eng Minister of Tonrism I WAS appalled to read Harish Mehta's article titled "Raffles Hotel operator may win deal to refurbish Royal Hotel in Phnom Penh" (BT, Oct 8, 1993). The article contains a number of inaccuracies which422 words
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113 1993-10-23 18 Edmund Wong Pow Kong - Edmund Wong Pow Kong President The Society of Remisiers (Singapore) WE ARE compelled to correct once again Paul Leo's misconception in his reply to our earlier letter (BT. Oct 9-10). In his reply. Paul Leo stated: "The firm is thus held responsible113 words
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PROFILE
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Article, Illustration1287 1993-10-23 19 Neville Stack - Much has been made of Margaret Thatcher's harsh comments about her former Cabinet colleagues in her memoirs. But the book is also an inspiring story of how, in its hour of need, Britain turned to an obscure Cabinet minister and required her to change the course of1,287 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration322 1993-10-23 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities. Crosby Securities. Daiwa Securities. DBS Asset Management. Kay Hian James Capel, Kim Eng Securities, OCBC Securities. Ong Company, Peregrine Securities, Phillip Securities. Smith New Court, UOB Securities322 words
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Article, Illustration152 1993-10-23 20 Zalik Securities Sdn Bhd We expect the present euphoric mood to continue well into the fourth quarter. Major events which could bolster sentiments include a favourable budget and possibly spillover euphoria from Umno's divisional elections in late November. Sentiments thereafter could taper off as yearendSource: Bridge Info - 152 words
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Article, Illustration269 1993-10-23 20 Chia Yew Boon - Chia Yew Boon Research director Standard Chartered Securities Singapore i\\ 7 HAT if this VV s P ecu at > ve T T bull run continues? This newsflash from 1997 hints at some possible changes: "Once upon a time, there was a forest..." So began the prize-winning269 words
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Article, Illustration1090 1993-10-23 20 The Singapore Telecom share offer through foreign eyes. Extracts from a recent article in US financial weekly Barron's BUY SINGAPORE Telecom and you will make money. This is the almost Orwellian message relentlessly hammered home by an unprecedented media blitz of television and newspaper ads. But make money1,090 words
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Article39 1993-10-23 20 IN "Countdown to Telecom" (Business Times, weekend edition, Oct 16/17), we said that trading in Telecom shares begins on a "when issued" basis on Nov 2. It should be Nov 1. We apologise for the error.39 words
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Article, Illustration764 1993-10-23 20 Agnes Chen - HOCK By Agnes Chen THE WORD is out that owning a Telecom share is as good as having a winning lottery ticket in hand. How else can one explain the scenes along Shenton Way, so reminiscent of the Shenzhen764 words
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585 1993-10-23 20 IHT BANKERS and brokers across the world are being inundated with US investment money that is pushing prices to records in some local markets. How long can the flood last? What will happen to Wall Street's current flavour of the month whenIHT - 585 words
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Article, Illustration729 1993-10-23 21 Paul Leo - Paul Leo sees what Citibank has to offer the not-so-adventurous currency investor Paul Leo WITH interest rates in Singapore at historical lows, many investors are looking at other currencies for better yields. And Citibank has created a new currency unit to help investors729 words
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Article, Illustration445 1993-10-23 21 AS THE RCU consists of the ringgit, the baht and the yen, it is important to understand how these three currencies will perform when making an investment decision. The Malaysian interest rate has been sliding to its current two-year low but it is stillSource: TeleTrac - 445 words
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Article, Illustration853 1993-10-23 21 Genevieve Cua - By Genevieve Cua ON MOST counts, Singapore Telecom is a buy, but at what price? There is little question about the fixed price shares in Groups A and B. Those who can afford it will apply and will take home a slice, albeit small,853 words
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Article, Illustration884 1993-10-23 21 Kevin Goldstein-Jackson - Kevin Goldstein-Jackson explains the importance of a company's board Kevin Goldstein-Jackson FT "The board meetings used to start at 3pm and sometimes went on until almost midnight. The managing director did not believe in capital expenditure. He did not understand the need for the latest machinery.FT - 884 words
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Article, Illustration679 1993-10-23 22 SHAHIRON SAHARI - By SHAHIRON SAHARI TO SAY that In the Line of Fire is entirely predictable is not to say that it is not a good movie. It is merely to confirm that thrillers about assassinations have little by way of options and probably now form a sub-genre679 words
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Article, Illustration390 1993-10-23 22 SUSAN TSANG - By SUSAN TSANG WHAT, in filmspeak, does "Spielbergian" mean? A childish plot with an adult budget. What does "Cormanesque" mean? An adult plot with a childish budget. Roger Corman, the man who gave us the original Little Shop of Horrors, has obligingly come up with Carnosaur390 words
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Article, Illustration588 1993-10-23 22 SUSAN TSANG - By SUSAN TSANG SOMEWHERE in Russia, near Mongolia, a boy watches as his mother is lowered into her grave. All she leaves him is her balalaika, which he can't play, and a couple of friends, who are more useful. They take the fellow with them to588 words
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Article, Illustration1497 1993-10-23 22 Claire Leow - Whether it's cafe-hopping or shopping that you enjoy, Perth offers something for every taste, says Claire Leow Claire Leow ITS SPRINGTIME in Perth. The flowers are blooming, the air is fresh and this is the bat time of the year to be hanging out in1,497 words
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Article, Illustration1078 1993-10-23 22 Goh Beng Choo - Artist Nie Ou was sent to the countryside during China's Cultural Revolution, but this has had happy results. Goh Beng Choo reports. Goh Beng Choo LOOKING at artist Nic Ou, one is convinced that she blends perfectly into the world of peasants1,078 words
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Article, Illustration655 1993-10-23 23 R SIVANITHY - CD Review By R SIVANITHY DAVID HOLE: The Plumber TO MOST people, Australian musical talent is confined to a handful of names like INXS Midnight Oil, AC/DC and Hunters and Collectors. But the land Down Under offers a fertile hunting ground for those interested655 words
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HEALTH & FITNESS
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HEALTH Notes
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125 1993-10-23 24 GQ p* DOES your breath smell like something crawled into your mouth died, no matter how much you brush? Don't worry, chronijfcally repellent breath may be a diagnosable. treatable medical condition. Seems that many patients with "breath disorders". suffer from an oral infestation ofGQ - 125 words
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197 1993-10-23 24 Psychology Today IN PANIC attacks, the anxiety and panic are real. But what, triggers ofT the anxiety? It seems to be a case of faulty wiring a defect in the way our brains wam against suffocation. Among other alarm systems, the human brainPsychology Today - 197 words
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Article163 1993-10-23 24 NYT ONE STIFF dose of ulcer medication may someday help your doctor determine if the pain in your chest means a heart attack or only heartburn. By reducing acid-related symptoms within five or 10 minutes, the drug omeprazole (sold by prescription under the trade name, Prilosec)NYT - 163 words
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Article, Illustration750 1993-10-23 24 A recent New York convention may be the turning point in US chiropractors' efforts to get onto the mainstream NYT LIKE emissaries from countries that have not yet established diplomatic relations, the prosperouslooking men in their welltailored suits took their placcs at opposite ends ofNYT - 750 words
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PEOPLE
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Article, Illustration276 1993-10-23 24 TECH Semiconductor celebrated the official opening of their plant at Woodlands recently with a dinner at the Hyatt Hotel. Tech, a US$33O million (*****.1 million) joint venture between the Economic Development Board and three multinationals, also announced plans to investPhotos by Arthur Lee - 276 words
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TIME OFF
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Article, Illustration759 1993-10-23 25 Shahiron Sahari - Shahiron Sahari discovers that the creature has packed his trunk and is hiding 'downtown' along Erskine Road Shahiron Sahari JUST WHEN we thought the Elephant had gone to where elephants go to die, we learn that it has is still alive but in anotherPhotos by Arthur Lee - 759 words
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Article, Illustration411 1993-10-23 25 Helen Chang - Even as he is composing his music, pop's sax man is thinking of love, says Helen Chang Helen Chang Pop saxophonist Kenny G had been playing around on a melody with his composer partner when they both stopped and stared at each other, "Are you thinking411 words
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Article160 1993-10-23 25 Come Together A joint performance by artistes and the SBC and RTM Orchestras will take place on a floating platform at Central Beach in Sentosa instead of at the studio auditoriums. Today, at Sentosa. Campus on the Green Performances by various groups from the NUS, including acapella singing. dikir160 words
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Article215 1993-10-23 25 SSO in Concert The Orchestra, led by resident conductor Lim Yau and featuring Barry Tuckwell on horn, will perform Strauss' Horn Concerto No 2 in E flat among others. Today, 8.15 pm at the Victoria Concert Hall. Tickets at $4. 57. $10. $45 and $25 from all Sistic outlets.215 words
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Article, Illustration171 1993-10-23 25 European Community Film Festival Full-length and short films from the various EC countries will be screened here with a little help from the British Council. Alliance Francaise. Goethe Institut, Istituto Italiano di Cultura. Tomorrow till Nov 2. 6.30pm and 9.15pm at Lido 2. Tickets at 56 available at the171 words
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Article631 1993-10-23 25 Aspects of German Photography This photo "experience" shows a new way of looking at life via the camera lens which was developed by Astrid Klein, together with Rudolf Bonvie. using printing montage. Today, at the Goethe-lnstitut Art Gallery. I2pm-6pm Closed on Sundays. Edwardian Fair The British Association631 words
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Article199 1993-10-23 25 Citiiini Cmti for Hitpmo Americi A established pianist who has performed internationally. Catalina Qaro will perform classical and contemporary songs. Today. 4.30pm at the Guinness Theatre. Tickets at $15. A Dialect of Colours A Bali-inspired exhibition presented by Temasek Junior College Art club. Also incorporated with the199 words
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Article150 1993-10-23 25 Christopher Toh - Compiled by Christopher Toh Cats An Australian cast stages Andrew Lloyd Webber's story of junkyard cats, with local entertainer Jacintha as GrizabeOa, the Glamour Cat. Nov 21 to Jan 4, Bpm at the Kallang Theatre. Matinees: 3pm on Fri and Sat; spm on Sun. Tickets from $30 to $150150 words
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EPICURE
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Article, Illustration687 1993-10-23 26 SUSAN TSANG - Bon Appetft By SUSAN TSANG WE'VE heard of letting our fipgers do the walking, but the restaurants at the Marina Nundarin Singapore now offer diners a chance to visit Tlsmania by way of the tastebads. About 27 per cent of the Atatralian island is agricultural (And. Tasmania687 words
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Article, Illustration488 1993-10-23 26 QUEK SWEE PENG - Chef Raymond Blanc will make a guest appearance at the Raffles Grill By QUEK SWEE PENG To love food and wine is not an indulgence, for devotion to eating well is not the same thing as greed A gourmet is not a gourmand. We must eat to live, but488 words
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Article675 1993-10-23 26 N K YONG - Wine By N K YONG PULIGNY-MONTRACHET. 30 kilometres south of Beaune, is a tiny village but it is the Mecca of white Burgundy lovers for on one side of the village green, to the left of the famous one-star Hotel Montrachet, is a walled courtyard,675 words
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332 1993-10-23 26 UPI GERMAN wine has become drier, crisper and more complex. responding to a revolution in cuisine that offers a lot more these days than sausages and sauerkraut. The Germans successfully developed their equivalent to French nouvelle cuisine by using fresh ingredients and revising traditional, regionalUPI - 332 words
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Article, Illustration1064 1993-10-23 28 Body Snatchars. Remake of the original about aliens whose idea of reincarnation is to suck the life out of human beings and take Over their bodies. Republic 2: 1.J0: J.JO; 7; 9. Yishun 10: 1045; J. 05: 5; 9.25; 11.J0. Carnosaar. Roger Corman's version of Jurassic Park. See what1,064 words
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Page 17 Advertisements
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Advertisement205 1993-10-23 17 r~~TH«£BS I I mwrmiHi I I The way of turning dares into I i It I Reverso. Avant-garde since 1931. the lecend LIVES ON IN THE Reverso "Grande Our masterWATCHMAKERS NEVER REST ON THEIR LAURELS. NEITHER ON OUR OVER 150-YEAR TRADITION OF MAKINC THE FINEST N ■■jMtflß B i I205 words
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Page 18 Advertisements
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Advertisement127 1993-10-23 18 r POSITIONS OPEN AT ■ST SAMSONITE. Hy^ You've commuted with your old briefcase long enough. Samsonite's latest Smart Attache Series* features Miiano Quantum an exclusive gravity-activated "smart hinge**" that will revolutionise the way we work. This innovative "smart hinge" allows your briefcase to open like a standard briefcase when laid127 words
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Advertisement56 1993-10-23 18 k BT welcomes S letters from you. S k Please address them r r to: The Editor, S S Business Times, C r 390 Kim Seng Rd, j J S'pore 0923. Letters C C should include your J contact numbers. S port SHOTS 11 Thelatestin sea, air and land transportation56 words
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Page 18 Miscellaneous
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Miscellaneous62 1993-10-23 18 ~~erofuDY to roe-TWT adds up to psjll "Wings consoe£ei> -wev Me..THE/ P» lOND OF FRIENDSHIP tvais tSN T pt W) we *nd PUT P* ROOP ray MdAD DOONESBURY GARRY TRUDEAU please I just got caq&ht up H fcrxivsme. It was I intfurgs. Ididntytant |H totally wrong, of I ifctoend. Hnsorry62 words
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Page 19 Advertisements
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Advertisement203 1993-10-23 19 with SINGAPORE f Business Times WE KNOW ASIA The maiket's booming. Are you making the most of it? You will if you read Business Times, Singapore's only business newspaper. Market movements, price trends, corporate earnings, new projects, takeovers we're the best with market news and views each day. In our203 words
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Page 20 Advertisements
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Advertisement6 1993-10-23 20 We Design, Develop Produce... CORPORATE BROCHURES6 words
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Page 21 Advertisements
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Advertisement102 1993-10-23 21 y It's called the Regional Currency Unit. And basically, it's a deposit that branches out into three Asian currencies. So if one currency doesn't grow as rapidly as you like, the other two will buffer your investmentswhileyou watch yourmoney grow through higher interest rates and capital appreciation. To find out102 words
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Advertisement11 1993-10-23 21 Business Times publishes every Monday a list of substantial shareholders' transactions11 words
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Page 23 Advertisements
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Advertisement252 1993-10-23 23 A Skin Revolution! I Now, for the first time in Singapore, LftSpa invites you to have all your questions I answered, at a talk given by DrZainObagi, a visiting Board-Certified I Dermatologist from USA. I DrObagi has more than 30 years experience practising in I Beverly Hills. He will talk252 words
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Page 24 Advertisements
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Advertisement52 1993-10-23 24 V' V. amadeus 200' [AMADEUS 200 r -u o| k-ction Quart/ movement. |L" \*i Chronograph with automatic movement. Steel and gold-plated case and bracelet, fji RAYMOND WEIL s A V Scratch-resistant sapphire cnstal. GENEVE Tz V v to 5C metres. where time is creation Available in (.ents and Indies models52 words
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Page 26 Advertisements
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Advertisement38 1993-10-23 26 f 1 if I I f j j 3 II o jo LEAD BY I EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. i Singapore® np Business Times mw/uii V P W38 words
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Advertisement38 1993-10-23 26 earty meals served in the Beer Garden with a cosy pub and 2 of the best bands awaiting you for your entertainment! RESERVATION HOTLINE 225 6636 IQam 6pm (Mon Fri) europaxhangi^^ When High-Tech Companies need personnel, plug into38 words
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Page 27 Advertisements
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Advertisement827 1993-10-23 27 Nothing Beats A Bud. I where to wi«. dim *«n nrrtPT,,., or All-you-can-eat iC P^dge^ Relish the favourite All-you-can-eat Taiwan Porridge at Ficus Cafe. At $16++ per adult and $8.50++ per child, treat yourself to more than 30 palatable dishes, desserts and Chinese tea. Daily from 12 noon to 2.30827 words
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Advertisement342 1993-10-23 27 Delectable Yoag Doe-Fa Buffet at 'TJT* Ckatterbox every Satarday and Sand ay. 12.30 pa to 5 p«i $14.50 per person $•.50++ per ckild (below 10 jrn) Mezzdnrie Sevptaous Continental it Local Afternoon Tea spread at Mezzanine Loange. Daily. 2 pa to t pa $16.00 per person $10.00++ per ckild (below342 words
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Page 28 Miscellaneous
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Miscellaneous2469 1993-10-23 28 TODAY'S TV mrnmrnrmm w# b**-*. uit 5.30 Renegade Vincent 11.30 ABC Programme. v K&i '-Wisk-4 fe*2 helps a woman find the 12.00 NN Newt Cinta Anak Muda, 3.30pm, Dinosaurs, 12.30pm, SBC 5 t*. "M killer of her teenage son 12 IS PM TV Pendidiiua fMt SBCS Robbie has fallen in2,469 words
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