The Business Times, 4 December 1993
1993-12-04
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The Business Times
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Title Section17 1993-12-04 1 Business Times WE KNO W ASIA Mi l A (P) 552/12/92 Weekend Edition. December 4-5 1993 75?17 words
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Article, Illustration670 1993-12-04 1 Anna Teo - Reports by Anna Teo SINGAPORE Economic prosperity and robust regional developments are making his job of assembling a strong Cabinet very difficult, Prime Minister Goh Chok Tong said yesterday. Despite the government's publicly-announced policy of paying ministers market wages, few people want670 words
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Article, Illustration162 1993-12-04 1 SINGAPORE Defence Minister Yeo Ning Hong has served notice to leave the Cabinet in six months' time. Prime Minister Goh Chok Tong revealed yesterday. Mr Goh did not elaborate on Dr Yeo's decision, but said both Dr Yeo and Trade Industry Minister S Dhanabalan162 words
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906 1993-12-04 1 SINGAPORE From Jan 1, salaries of ministers, judges and top civil servants will go up by between 20 and 35 per cent, including higher performance bonuses. The total pay rise for the majority of the 65,000-strong civil servants, including906 words
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Article119 1993-12-04 1 SINGAPORE All regional stock markets ended higher yesterday, with Singapore and Malaysia again reaching new highs. In Singapore, strong demand for blue chips sent the Straits Times Industrials Index to its second consecutive record close up 20.25 points to 2,151.5. Dealers said sentiment was119 words
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2am LATEST
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Article41 1993-12-04 1 AFP NEW YORK Blue-chip stocks inched up yesterday after the report of good US unemployment figures for November. The Dow Jones index of 30 leading industrials was up 1.68 points to 3.703.79 at Ipm EST. AFPAFP - 41 words
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Article68 1993-12-04 1 AFP MILAN Italian computer group Olivetti told unions yesterday that it would axe 2,(XX) jobs, the national secretary of the Uilm union. Picro Serra. said here. He said the group had announced that procedures would begin on Monday to put the workers who will beAFP - 68 words
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Article, Illustration137 1993-12-04 1 Stock market indices Krida) hang? STII 2.151.JO 20 25 KLSE Composite. 1.023.92 *6 41 Nikkei 17 459.35 -0.60 Hang Seng 9.294.35 -56.15 SET Index 1377 41 +11.3* Jakarta ompoMle ...521.7} -t-1.72 < LSA < hina B 1293 91 f||JM Ausi \IIOfd 2.047 4 *0 1 FTSt 100 3.234137 words
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355 1993-12-04 1 R Sivanrthy - By R Sivanrthy SINGAPORE Listed brokerage Kim Eng Securities yesterday announced a huge 364, per cent increase in halfyear earnings together with a $48.4 million loan stock and warrants issue. For the six months ended Sep 30, Kim Eng recorded an after-tax355 words
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Page 1 Advertisements
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Advertisement18 1993-12-04 1 Lifestyle Cover Story: el i Staying in touch with tradition V4 A f v.» Fuller reports. Pages 12-1618 words
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Advertisement50 1993-12-04 1 Hock Lock Siew: 6 Best bets in Malaysia s motor sector CONTENTS New* Companies S pore News SporeMsia 6 8.9 Regional News 3 4 IwMnctal 10 Wo.td News 4 ■> Features Markets Features Currencies 11 S*r\ei Commodities 11 Ipnure £110 9 TV Lifestyle fll2 12.13 Sports 118 Clob KLSf. SfS50 words
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Advertisement8 1993-12-04 1 More ways to reward the best. Page 28 words
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Advertisement101 1993-12-04 1 t orp: a \jhjw'for thow/fig term shoot-out with P* <mMPKl^^^l I Man at-lf-windintf watch, individually numkrrcJ. off-center it vied Jay, date, phase* of the moon. SINGAPORE: lUK IK H R (.1 ASS lakashimava Shopping Centre Tel: *****20/1 Lucky PU/a Tel: *****62 545 Scot t» Tel: *****27/ 7198 (4-nlrrpoint Tel *****98101 words
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Advertisement15 1993-12-04 1 Motor rally: el 6,7 Racing through China Singapore exports up 9.3 pc only, Page 215 words
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Advertisement40 1993-12-04 1 HI Vjr" v< k* f i At A t" 1 k«/ T > ft »i- #r--' f -lr 4 iPi; t b, a -t £ri j-i '•>, x 4 f Ea t Pan-United to offer 130 m shares on Monday, Page 840 words
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SINGAPORE NEWS
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504 1993-12-04 2 Schutz Lee - By Schutz Lee THE volume of Singapore's non-oil domestic exports grew b\ 9.3 per cent in October, the first single-digit monthly increase this year except for a seasonal aberration in January. From February, non-oil domestic exports in volume terms have been504 words
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184 1993-12-04 2 SINGAPORE Fast-food giant McDonald's has won the prestigious Max Lewis Gold Medal this year. The award is in recognition of McDonald's significant contributions to the advertising community in Singapore. McDonald's has consistent- ly been Singapore's single largest advertiser and producer of television commercials, averaging184 words
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329 1993-12-04 2 LOCAL developer Hong How Corporation has clinched the choice bungalow site at Ford Avenue put up for tender by the Australian government with a bid of $16.3 million. Bidding for the 69.088 sq ft freehold land parcel among the seven parties contesting329 words
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Article38 1993-12-04 2 IN A news agency report "Whither Akio Morita?" yesterday, there is a mistaken reference that Sony co-founder Masaru lbuka is no longer living. Mr lbuka is alive and well. We are sorrv for the error.38 words
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456 1993-12-04 2 Anna Teo - Yesterday in Parliament By Anna Teo EVEN WITH the latest salary increases, the government still has not gone far enough in rewarding and retaining its best officers, said Deputy Prime Minister Lee Hsien Loong yesterday. The Public456 words
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275 1993-12-04 2 THE government should curb the availability of cheap car loans as an alternative measure of controlling the car population. Potong Pasir MP Chiam See Tong said in Parliament yesterday. Mr Chiam said this might be more effective than the275 words
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150 1993-12-04 2 SINGAPORE must become more competitive, seek new opportunities and maintain a free trade policy if the global trading environment becomes more protectionist. Minister for Trade and Industry S Dhanabalan said in Parliament yesterday. The minister was responding to a question by nominated MP Chia150 words
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PARLIAMENT BRIEFS
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Article180 1993-12-04 2 THE GOVERNMENT had to call for two re-tendering exercises for the cleansing of certain ofTshore islands because the tender prices received were unreasonably high. Minister for Trade and Industry S Dhanabalan said yesterday. He was replying to a question by Low Thia Khiang. MP for180 words
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126 1993-12-04 2 THE NUMBER of children who reached the school-going age in 1990 to 1993 but did not register to attend school are 80. 243, 366 and 347, in those four years respectively. Minister for Education Lee Yock Suan disclosed yesterday. He was replying to a question126 words
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Article65 1993-12-04 2 SHORI STINTS of National Service are not conducive to proper training. Hence, the Ministry of Defence requires National Serv icemen to serve a continuous period of at least six months after disrupting their service for further studies. Mindef parliamentary secretary Matthias Yao Chih said65 words
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384 1993-12-04 2 SINGAPORE Network Services (SNS) has joined forces with a group from California's Silicon Valley to develop and implement an international version of its acclaimed electronic trade network, TradeNet. An agreement with Silicon Valley Global Trading Centre (SVGTC) to set up a384 words
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392 1993-12-04 2 Ramesh Divyanathan - By Ramesh Divyanathan PENSIONERS concerned that they might lose out under the government's new medical scheme can choose to keep their old pay and benefits, said Lim Boon Heng. Minister without Portfolio and NTUC secretary-gcneral. Speaking last night at a392 words
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Page 2 Advertisements
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Advertisement20 1993-12-04 2 <j4 Designer Shut '.Lin />V The Rage Without Its Price llcini* /\n Outrage. SHIRTS I ROM *69. CHARLES JOURDAN Paris20 words
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Advertisement215 1993-12-04 2 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883• FAX: 741-1298 MeesPierson Securities (Asia) Limited ECONOMIST (S.E. ASIA) Do you want to apply your knowledge and expertise in a changing, fast-paced environment? Do you want to have a direct impact on profitability? Do you want to be a key member of a dynamic215 words
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THE REGION
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Article, Illustration556 1993-12-04 3 Catherine Ong - From Catherine Ong in HONGKONG CHINA has threatened to overturn any electoral reform enacted unilaterally by Hongkong's legislature after the territory reverts to Beijing's rule in 1997. But there is growing confidence here that China is unlikely to put the556 words
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445 1993-12-04 3 Reuter KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad yesterday described as not conciliatory a letter from Australian leader Paul Keating attempting to cool a row between the two countries. The row broke out after Mr Keating called Dr Mahathir a "recalcitrant" when askedReuter - 445 words
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ASIA NOTES
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Article56 1993-12-04 3 AFP AUCKLAND New Zealand will resume its controversial privatisation programme. Finance Minister Bill Birch told the weekly National Business Review yesterday. He said there could soon be sales of state-owned public works operators, public land and the Government Computing Service. Some state-owned power stations mayAFP - 56 words
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Article, Illustration52 1993-12-04 3 Reuter SEOUL Scuffles erupted at Seoul's National Assembly on Thursday as the ruling party attempted to railroad next year's Budget through parliament. Angry opposition MP Shin Soon Bun, in the picture above, managed to clamp his hand over the mouth of ruling party member Kim WoonReuter - 52 words
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Article94 1993-12-04 3 Reuter JAKARTA Indonesian labour activists yesterday attacked Australia's main trade union federation for an agreement which they said helped legitimise Jakarta's repression of independent unions. During a visit to Jakarta this week, Australia signed a bilateral memorandum on labour issues. The Australian Congress of TradeReuter - 94 words
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80 1993-12-04 3 AFP ISLAMABAD Prime Minister Benazir Bhutto's Pakistan People's Party (PPP) scored a significant victory over its rival Pakistan Muslim League in Thursday's by-elections, it was announced here yesterday. At stake were 21 seats contested in Punjab, Northwest Frontier province, Baluchistan and the semiautonomous tribal regionAFP - 80 words
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Article74 1993-12-04 3 AFP MANILA Philippine President Fidel Ramos vowed yesterday to modernise the Philippines' ailing navy amid persisting security threats in the Asian region such as the Spratly islands dispute and fears about North Korea's nuclear capability. "We need a capable Navy to protect our sea linesAFP - 74 words
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255 1993-12-04 3 Reuter JAKARTA Indonesia, about to relaunch a resettlement programme to ease crowding in Java and develop its remote islands, yesterday rejected claims by a United Nations consultant that the programme had harmed indigenous people. Helen McLaughlin, of the UN Human Rights Centre, thisReuter - 255 words
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349 1993-12-04 3 Reuter BEIJING Chinas Agriculture Minister yesterday promised quick action to narrow the income gap between the nation's 900 million rural population and their rich city cousins, a gap that has been getting wider since 1985. Speaking before a conference on rural reform. LiuReuter - 349 words
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330 1993-12-04 3 Bloomberg Business News BEIJING A Chinese official on Thursday said Washington's renewed threat of billions of dollars of sanctions against China for not clamping down on copyright piracy would be a setback for improved trade ties. "We would likeBloomberg Business News - 330 words
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Page 3 Advertisements
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Advertisement314 1993-12-04 3 Sound, Solid Secure Venture .—'^*TcV f Capital Boom or Bust\ \\d*V 10 a (Sold Margin Tradlnfl t A A Very High Risk cO u Very High Return A Stocks Shares High Risk, High Return JCPf, T-Bllla, Fixed Depoaita No Risk, Low Return A Yes ,we believe a substantial portion of314 words
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THE REGION/WORLD
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Article, Illustration609 1993-12-04 4 Countdown to Gatt deadline Reuter GENEVA Trade officials warned yesterday that a final round of talks to forge a world trade treaty could still fail despite optimism that the European Community and US were dose to settling their differences. "TheReuter - 609 words
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521 1993-12-04 4 AFP, Reuter, AP TOKYO Faced with the prospect of being blamed for the failure of world trade talks should the European Community and the United States manage to cut a deal, Japan and South Korea are bracing for the ultimate concession.AFP,; Reuter,; AP - 521 words
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457 1993-12-04 4 AP. Reuter. Bloomberg Business News BEIJING China outlined the key points of banking laws that drafters say will unburden most banks of political chores and create a modern system driven by market forces and expert regulation, the official Xinhua News Agency reportedAP.; Reuter.; Bloomberg Business News - 457 words
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410 1993-12-04 4 Reuter, Bloomberg Business News WASHINGTON The unemployment rate plunged to 6.4 per cent in November from 6.8 per cent in October, the lowest in almost three years, the Labour Department said yesterday. The decline was the largest in moreReuter,; Bloomberg Business News - 410 words
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301 1993-12-04 4 Reuter NEW DELHI Japan s economic recovery is likely to take longer than anticipated, with industrial output still stagnant, a senior Bank of Japan (BOJ) official told an international conference in New Delhi yesterday. "The probability that the economy will start toReuter - 301 words
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188 1993-12-04 4 Reuter TOKYO Japan's current account surplus grew to USS 11.25 billion (S$ 17.88 billion) from US$ll.lO billion a year earlier, but economists said the upward trend was nearing an end. The surplus for the current account, trade in both goods and services, came withinReuter - 188 words
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Article, Illustration53 1993-12-04 4 Reuter NEW YORK Each year, thousands gather at the Rockefeller Centre to watch the lighting of this Christmas tree. The lighting of the tree in the midst of the giant New or k landmark signals the beginning of the Christmas season for manyReuter - 53 words
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267 1993-12-04 4 AP BRUSSELS The United States and Ukraine yesterday failed to resolve a dispute over Ukraine's arsenal of more than 1,000 long-range nuclear warheads. US Secretary of State Warren Christopher said American aid to the East European country would be slowed to a trickle. TalkingAP - 267 words
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Page 4 Advertisements
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Advertisement29 1993-12-04 4 <5? y i fig c ics igti e r knitu >ec j r need not leave a hale In Your Pocket. KMTW HAK I ROM s »<). CHARLES JOURDAN Paris29 words
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THE WORLD
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Article, Illustration445 1993-12-04 5 AP OTTAWA Canada's prime minister on Thursday dropped his opposition to the North American Free Trade Agreement, agreeing to a Jan 1 signing that will eliminate the final obstacle to the pact's implementation. The announcement by Prime Minister Jean Chretien,AP - 445 words
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371 1993-12-04 5 NEW DELHI Prospects for a turnaround in the German economy in the second quarter of 1994 have improved considerably, a senior official of the Bundesbank said here yesterday. "There are increasing signs that the recession is bottoming out, although it remains as yet unclear371 words
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305 1993-12-04 5 John Helmer - From John Helmer Reuter in MOSCOW ANDREI Nechaev, one of the original members of Russia's economic reform government, is now the head of a statesponsored corporation to stimulate foreign and domestic investment. The Russian Financial Corporation (RFC) was established by a presidential decree onReuter - 305 words
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284 1993-12-04 5 Reuter PARIS France cut its leading interest rates by a quarter percentage point yesterday, mirroring a similar Bundesbank cut on Thursday and underlining its determination to run monetary policy in tandem with Germany. The Central Bank of France said it was cuttingReuter - 284 words
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226 1993-12-04 5 AP WASHINGTON American purchases from China jumped 26 per cent to US$l3.4 billion (5521.4 billion) in the first half of this year, the United States International Trade Commission said on Thursday. US sales to China also increased compared with the sameAP - 226 words
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290 1993-12-04 5 Reuter BRUSSELS Leading European Community industrialists have called for lower tax and social security charges, fewer government regulations and higher investment in new technology to beat the recession and create jobs. "Europe has become a highcost, low-growth economy that is not adaptingReuter - 290 words
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Article, Illustration455 1993-12-04 5 NYT BOGOTA Pablo Escobar, who rose from the slums of Colombia to become one of the world's most murderous and successful cocaine traffickers, was killed in a hail of gunfire on Thursday in a rooftop shoot-out with security forces in his hometown ofNYT; Reuter - 455 words
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WORLD WATCH
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Article82 1993-12-04 5 Reuter LONDON UK house prices edged up by 0.2 per cent in November after a revised October fall of 0.1 per cent, confirming that prices were in an upward trend, the country's largest mortgage lender, the Halifax Building Society, said. Over the whole of 1993,Reuter - 82 words
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99 1993-12-04 5 Bloomberg Business News o BONN Manufacturing orders for western German industfv dropped a real, seasonally adjusted 0.4 per cent in value terms in October from September and were down an unadjusted 3.3 psr cent from a year earlier, the Economics Ministry said in a statement.Bloomberg Business News - 99 words
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96 1993-12-04 5 Reuter LONDON British legal authorities yesterday admitted the latest in a series of errors in handling the prosecution case against fugitive businessman Asil Nadir, but said it would make ho difference to his getting a fair trial. Attorney-General Sir Nicholas Lyell said fraud investigators hadReuter - 96 words
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47 1993-12-04 5 AP BERLIN German Chancellor Helmut Kohl yesterday warned against "Euro-pessimism" fed by rampant unemployment and gloomy economic forecasts. A week before a European Community summit in Brussels, Mr Kohl told Parliament that getting people back to work was the EC's top priority. APAP - 47 words
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Article1253 1993-12-04 5 ati w eta nm n»^ A* DtaW GA970 2240 GA928 2355 GA976 2359 IMaHt QF81 1930 QF82 2050 QP8I 1935 SQ227 2230 SQ25 0635 KL838 2335 KL843 0745 SQ26 2355 KL837 1540 GA976 2359 SQ348 2250 A*ddaiid NZ35 1645 SQ285 2045 BA12 2200 SQ285 B S«rTB*g«WM1,253 words
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COMPANIES & MARKETS
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413 1993-12-04 6 Al Labita - From Al Labita in MANILA A PARTNER of Japan's Kawasaki Heavy Industries yesterday hinted it would top the joint bid of the Sembawang and Jurong groups for the state-owned Philseco shipyard. Philyard Holdings president Doris Magsaysay-Ho said in an interview with BT413 words
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Article, Illustration335 1993-12-04 6 Lilian Ang - By Lilian Ang SINGAPORE Propertybased Far East organisation has signed a S3O million deal with Nat Steel for the supply of steel bars to be used in all the developer's new projects in the next three years. Far East335 words
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264 1993-12-04 6 SINGAPORE Superior Metal Printing Ltd (SMP) yesterday announced a private placement of 10.9 million new ordinary shares of 20 cents each through Overseas Union Bank. The shares, representing some 10 per cent of the issued share capital of SMP, are being offered at264 words
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237 1993-12-04 6 Juliette Walker - By Juliette Walker SINGAPORE Hitachi Zosen Singapore Ltd saw group interim net earnings fall 28.8 per cent to $17 million, or $4.80 a share, on keen price competition and the cautious market for shiprepair. HZS, the smallest of Singapore's Big Four shipyards, also saw237 words
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767 1993-12-04 6 William Chia - HOCK LOCK SIEW By William Chia SINGAPORE The anticipated robust recovery of the Malaysian motor industry following the relaxation of hirepurchase rules earlier this year has not materialised. Finance Minister and now Deputy Prime Minister Anwar Ibrahim removed the767 words
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344 1993-12-04 6 A J Leow - By A J Leow SINGAPORE Metro Holdings has posted a net loss of $5.06 million for the six months to Sep 30. But it expects rental income from N'gee Ann City to turn things around in the current half. The loss, which344 words
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Article, Illustration248 1993-12-04 6 SINGAPORE The Stock Exchange of Singapore yesterday pressed property-based Bukit Sembawang for answers on its dismal interim results. The SES asked the group to explain why turnover dived to 5i.65 million from $73.14 million previously, and why operating profit before tax and248 words
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Article, Illustration309 1993-12-04 6 Source: Bridge Info Performance of STII's Index stocks Dec 3 Lost V»k Iatfex Slock uk Chf* (actor mo«en Avimo 1.910 0.070 1.30 5.07 CJkC 8 050 5.49 CWT 2.710 1.85 Ceretoos 6 800 0.250 4 64 18.12 FAN 16 200 0 400 11.05 28.99 On Mag 1.070 0 020Source: Bridge Info - 309 words
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COMPANIES
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COMPANY BRIEFS
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37 1993-12-04 8 SINGAPORE The Stock Exchange of Singapore announced yesterday that trading hours will be shortened on Christmas Eve (Dec 24) and New Year's Eve (Dec 31) to between 9.00 am and 12.30 pm.37 words
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73 1993-12-04 8 SINGAPORE Sesdaq-listed Goldtron Ltd said yesterday that its executive chairman Ong Soon Kiat acquired 350,000 warrants and 355,000 warrants on Dec 1 and Dec 2, respectively. Mr Ong, who held 15.34 million warrants previously, now owns 16.04 million of the company's warrants. Goldtron warrants rose73 words
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62 1993-12-04 8 SINGAPORE Alexandra Holdings yesterday reported group earnings of $12.1 million for the half-year ended Sep 30, 1993, up sharply from $843,671 previously. Turnover rose 677.3 per cent to $24.45 million from $3.1 million. Earnings per share rose from 4.22 cents to 60.53 cents. The company62 words
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59 1993-12-04 8 Tan Tan picks ex-AG as director Bernama KUALA LUMPUR Former Attorney-General Abu Talib Othman was appointed a director in Tan Tan Developments Bhd effective Nov 29, 1993. In a statement here yesterday, the company said that with his appointment, Tan Tan now has two independent directors on its board. MrBernama - 59 words
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86 1993-12-04 8 Bernama KUALA LUMPUR Palmco Holdings has registered an extraordinary gain of M 530.5 million (5519.1 million) from the disposal of seven million shares in its listed subsidiary Acidchem (Malaysia) for M 539.6 million or M 55.66 per share. The disposal, through brokers, will reduce Palmco's stakeBernama - 86 words
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156 1993-12-04 8 Reuter JAKARTA Indonesia's PT Gading Mandala Utama, owned by President Suharto's son Hutomo Mandala Putra, has acquired the troubled Asia Permai group of companies, a company official said yesterday. "We have taken over 95 per cent of the group's shares," Irvan GadingReuter - 156 words
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Article, Illustration313 1993-12-04 8 Juliette Walker - By Juliette Walker SINGAPORE Marinebased industrial group PanUnited Corporation is set to launch its initial public offering (IPO) of about 130 million new and vendor shares on the main board on Monday. BT understands the fami-ly-owned group will offer the shares313 words
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239 1993-12-04 8 MBT KUALA LUMPUR Malaysian Resources Corp Bhd (MRCB) and Metrowaste Sdn Bhd are finalising negotiations to undertake a solid waste incinerator cum power plant project in Tianjin, China. Both parties had earlier signed a memorandum of understanding with the authorities in Tianjin toMBT - 239 words
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345 1993-12-04 8 AFP JAKARTA The private PT Bank Papan Sejahtera (BPS) is scheduled to go public early next year by issuing 20 million shares with nominal value at 1,000 rupiah (75 Singapore cents), bank spokesman Trijoko said yesterday. The public offering will be madeAFP - 345 words
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265 1993-12-04 8 Reuter BANGKOK The Stock Exchange of Thailand (SET) lifted the designated securities (DS) tag on Ayudhya Investment and Trust pic (Aitco) shares after four days, allowing investors to resume margin trading. "The exchange has finished its investigation of Aitco due to irregular movementsReuter - 265 words
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Article, Illustration526 1993-12-04 9 Chairman and four board members quit as board bows to shareholder pressure FT STOCKHOLM Volvo on Thursday night tore up its controversial plan to merge with France's Renault, prompting the resignation of Pehr Gyllenhammar as chairman of the Swedish industrial group. In one of theFT - 526 words
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345 1993-12-04 9 Reuter HONGKONG The Hongkong stock exchange's head of listing. Herbert Hui. criticised merchant banks for failing to meet their obligations over lo-cally-listed Chinese companies, saying he wanted better disclosure from mainland enterprises. Mr Hui said that the exchange had raised the problemReuter - 345 words
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325 1993-12-04 9 Reuter HONGKONG Chinalinked Hualing Holdings Ltd is seeking a listing through issuing 150 million new shares publicly and placing out 30 million shares to institutions to raise a total of HKS23O million (5547.6 million). The public offer is priced at HK.51.28 per share,Reuter - 325 words
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240 1993-12-04 9 Reuter BOMBAY Videocon International Ltd. one of India's biggest television makers, is to raise equity abroad through a US$6O million (5595.9 million) to US$7O million convertible bonds issue, Videocon finance director S K. Shclgikar said yesterday. Lead-managed by Britain's Robert Fleming Holdings, theReuter - 240 words
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178 1993-12-04 9 HONGKONG Investment company Seapower Resources International, which is run by former Hongkong Stock Exchange chief executive Francis Yuen, said that its net profit more than doubled in its fiscal year first half ended Sep 30. The group, which is the largest cold storage operator in178 words
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241 1993-12-04 9 Reuter LOS ANGELES MCI Communications chairman and chief executive Bert Roberts Jr said the company was aggressively seeking multimedia ventures with local cable and wireless telecommunications companies. "We are not waiting for options; we are try ing now to generate talk, stir the pot.Reuter - 241 words
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COMPANY BRIEFS
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91 1993-12-04 9 Bloomberg Business News TOKYO Supremo Co and eight other Japanese brokerage firms are being investigated by Tokyo authorities for allegedly producing and selling fake promissory notes, according to an NHK television news report. Asahi Shinkin Credit Union. Higashi Nippon Bank and Hokkaido Bank holdBloomberg Business News - 91 words
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Article102 1993-12-04 9 Reuter NEW YORK A federal bankruptcy judge on Thursday approved the sale of Pan Am Corp's name and trademark logo for US$l.33 million (552.13 million) to Eclipse Holdings Inc. Eclipse, of Rockv ille. Mary land, is a group of investors assembled specifically to buyReuter - 102 words
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86 1993-12-04 9 Knight-Ridder TAIPEI Taiwan's Pacific Electric Wire and Cable Co Ltd may raise as much as USSSS million (SSBB million) worth of funds in Singapore through successive issues of short-term notes, a bank executive said yesterday. The first issue is expected to be later thisKnight-Ridder - 86 words
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69 1993-12-04 9 Bloomberg Business News TOKYO Major Japanese computer maker Fujitsu Ltd and IBM Japan Ltd have reached a basic agreement to collaborate in multimedia personal computers, Nikkei English News reported. Under the agreement. Fujitsu will supply IBM Japan with circuit boards for Fujitsu's FM TownsBloomberg Business News - 69 words
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266 1993-12-04 9 NYT LOS ANGELES The president of the Times Mirror Co and publisher of The Los Angeles Times, its flagship newspaper, will step down at the beginning of the year because he is suffering from Parkinson's disease, the company announced yesterday. DavidNYT - 266 words
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SHIPS IN PORT
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Article533 1993-12-04 8 ieuei Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departwe JurtMlg Port Equator Roy) 91/31 P02 04 12/0730 0612/0600 Batam mdah N85 J12 Hongs* 04 12/2100 Gma 2 31 P03 0412/0700 0512/0400 Batam Matu 12/02/93 11 alongside 04 12/2300 Hua Hon( 1 09/93 P03 03.12/1500533 words
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Article1770 1993-12-04 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Vot Wo Containon avafabte Ship Voy Wo Contain*! natafclt Gloria 1 367S 0? 1293 0700 Dasa Sept** 967 COO(EST) 03 1293 1500 Euro bp 272 *****3 0720 B Strata 738N COO(EST) *****3 0700 Beauty River 2tt *****3 0740 Hmm Advance1,770 words
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FINANCE & COMMODITIES
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Article, Illustration360 1993-12-04 10 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Banque Indosuez has earmarked merchant banking, securities business, private banking and foreign exchange as key areas for future expansion in Asia. Revealing this yesterday, its president Jean F Lepetit said the French bank's expansion thrust360 words
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206 1993-12-04 10 FT FRANKFURT Chief executive of Dresdner Bank yesterday delivered a pungent defence of the German banking sector for making record profits amid the worst recession since World War 11. Speaking as Dresdner, Germany's second biggest bank after Deutsche Bank, unveiled operating profits upFT - 206 words
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134 1993-12-04 10 Reuter TOKYO The Osaka Securities Exchange (OSE) will list new stock index futures and options contracts based on the weighted Nikkei 300 average on Feb 14, 1994, an OSE official said. The OSE said it would initially offer June 1994, SeptemberReuter - 134 words
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Article, Illustration431 1993-12-04 10 DBS Weekly Currency Review US$/DM: Pressing towards 1.7460 THE US dollar consolidated between 1.7069 and 1.7185 early last week before buyers returned to push the unit to a high of 1.7254 on Thursday. We maintain our bullish bias with initial upside target seen at 1.7460.431 words
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115 1993-12-04 10 SINGAPORE The general insurance industry and Nanyang Technological University yesterday launched the mentorship programme enabling business students to learn insurance at the feet of senior professionals. A joint press statement by the General Insurance Association of Singapore (GIA) and NTU said this scheme enables115 words
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285 1993-12-04 10 Knight-Ridder WASHINGTON Multilateral trade negotiators on Wednesday agreed to continue their efforts to correct the disruption to world aluminium markets of large Russian aluminium exports and production. After two days of talks that ended here on Wednesday, the representatives of six governments agreedKnight-Ridder - 285 words
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183 1993-12-04 10 AFP TOKYO Japan's net purchases of foreign securities skyrocketed to a four-year high of U5515.27 billion (5524.43 billion) in October, fuelled by heavy buying of foreign bonds, the finance ministry said yesterday. The figure, the biggest monthly purchase since October of 1989 when JapaneseAFP - 183 words
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Article, Illustration141 1993-12-04 10 THE US dollar opened mixed as economic data released on Thursday night indicated the economy still on a path of gradual recovery. Against the SS, the greenback opened little changed around 1.6000. Morning trading was slow with dollar trades taking place around its opening level.141 words
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Article183 1993-12-04 10 Reuter LONDON Sterling extended its recent run against the mark, breaking through the psychological 2.56 marks barrier in late European business. However, further upside is seen limited amid caution after the recent rally, which has seen the pound rise around five pfennigs since last Tuesday's UK interest rate cut.Reuter - 183 words
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184 1993-12-04 10 ENERGY REPORT Reuter LONDON World oil prices dropped to a five-year low yesterday, apparently because of more speculation that the United Nations might soon ease its Gulf War embargo on the petroleum exports of Iraq. London January futures for the worldReuter - 184 words
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Article91 1993-12-04 10 AFP NEW YORK The dollar was mixed against major currencies early yesterday, advancing against the German mark and Japanese yen but slipping against the French franc and pound sterling after the report of good US job figures. At around 9:00 am (1400 GMT), the dollar was trading atAFP - 91 words
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Article, Illustration1545 1993-12-04 10 Trade-weighted index caicuialed against S pore 's lap 14 trading partners Base year 1965 US$/S$ forward rates Noon Dec 3 ss Bid Offer 1-month 1 5989 1.6004 2-month 1.5985 1.6000 3-month 1.5981 ***** 6-mooth 1 5967 1 5987 Source OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at ltan nDk):1,545 words
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COMMODITIES & FUTURES
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1384 1993-12-04 11 SIMEX REPORT Reuter SINGAPORE Simex September Euroyen futures ended weaker after a session of \olatile trade yesterday which saw the contract buffeted by an unexpected Bank Of Japan (BOJ) operation in the money market, fluctuations in share prices and continued speculation of a discountReuter - 1,384 words
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Article585 1993-12-04 11 COMMODITY REPORTS Tin TIN closed 16 sen higher at MSI 1.89 per kg yesterday aided by gains in London market overnight and an initial small offering, traders said. "We saw some fresh buying from overseas because of a lower local premium to London," one585 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article95 1993-12-04 11 NEW DELHI India's lead metal output in the first seven months of 1993-94 (April-March) was 11.990 tonnes, down from 21,671 tonnes in the year-earlier period, the government said. The Ministry of Mines said metal production was deliberately curtailed because domestic market prices fell below production costs.95 words
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74 1993-12-04 11 KUALA LUMPUR The EC was the largest buyer of Malaysian palm oil and lauric oils in November, taking 66.823 tonnes, according to data released by cargo surveying firm Caleb Brett. Caleb Brett said Malaysian bulk palm and lauric oils exports worldwide in November74 words
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104 1993-12-04 11 SYDNEY Australian wheat plantings are expected to rise next year as agricultural producers hit by low barley and wool prices seek better returns elsewhere. The Australian Bureau of Agricultural and Resource Economics has estimated wheat plantings for 1992-93 at 9.5 million hectares, but forecasts to104 words
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74 1993-12-04 11 SEOUL South Korea's Yukong Ltd and China's Sinopec have agreed to form a joint venture to build an oil refinery in China, a Yukong official said yesterday. No contract has been signed yet. but the two companies have a verbal agreement to build a74 words
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Article1749 1993-12-04 11 Rubber Dec 3 RAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon is cents/Kg) Month High Low Sett (tonnes) Interest RSS 2 Jan 94 128 50 129 50N Jan 94 Feb Mar1,749 words
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REGIONAL STOCK MARKETS
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Article1257 1993-12-04 12 +0.1 THE Australian share market took a breather after its strong gains on Thursday and closed a touch higher yesterday. The market opened higher after a five-point rise to 3,702 on the Dow Jones industrials average overnight. The All Ordinaries index then traded in a tight range before closing1,257 words
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Article400 1993-12-04 12 +5.69 Healthy interest in blue-chip manufacturings and a technical- rebound in reaction to the recent consolidation pushed the stock market up in a day of weak trading. brokers said. The composite stock index ended 5.69 points higher at 806.86. Gainers outnumbered losers 550 to 260 on a turnover of400 words
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Article608 1993-12-04 12 38.28 Philippine shares surged more than 30 points in a continuing rally sparked by optimism about the economy, brokers said. Peter Chua of Citisecurities Inc said the upward trend was spurred by a government announcement that the economy had posted 2.8 per cent third quarter growth. The Manila composite608 words
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Article278 1993-12-04 12 18.97 New Zealand shares ended firm on high turnover. Ihe forest sector again dominated, but Brierley Investments was also firm. The NZSE-40 capital index closed 18.97 points higher at 2.098.27. Fletcher Challenge's new forestry share was again the centre of attention, firming 24 cents to NZ52.99 and the278 words
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Article552 1993-12-04 12 1.% Stocks ended mixed after hectic, volatile trade amid profit-taking from the market's recent rally. Turnover surged to its highest level since April. The weighted index ended 1.96 points up at 4.581.20, after fluctuating in a range of 4,545 to 4,626. Turnover soared to NT573.18 billion from Thursday's NT560.53552 words
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Article74 1993-12-04 12 -64.13 Stock prices which had fallen sharply at the close of official trading slipped further in late evening kerb deals, brokers said. Tata Iron Steel Co (Tisco) quoted at 199 at end of the official session, fell to 192 in the after hours trading and then recovered to 197,74 words
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WORLD STOCK MARKETS
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Article640 1993-12-04 12 10.3 UK shares managed to reeapturc most of Thursday's losses to end at a new all-time high but dealers said a mood of consolidation dampened activity as the market paused for breather. Traders said they saw little sign of widespread profit-taking and expected a firmer trend again next week.640 words
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Article119 1993-12-04 12 •0.62pc Swedish shares ended the week heading downwards after profit-taking in Volvo undermined the rest of the market. Other than Volvo, trading was subdued. The OMX-index closed 0.52 per cent lower at 1,042.36 while the blue-chip top-16 index dropped 0.47 per cent and the all-share index lost 0.62 per119 words
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Article223 1993-12-04 12 +0.48pc German shares are expected to rise in the post-bourse trading on renewed buying interest after the DAX index closed at a record high, traders said. The index ended 0.48 per cent higher at a record 2.120.61. down from the intraday and new all-time high of 2.123.13. In postbourse223 words
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Article148 1993-12-04 12 15.85 Heavy buying interest on the first day of the new forward market period and rallies in some other European markets sent the Bel- 20 stock index to a record closing high. The index soared 15.85 points to 1.423.67, beating the previous record finish of 1,408.83 set on Nov148 words
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Article262 1993-12-04 12 1.78 Dutch shares closed with gains across the board following Thursday's interest rate cuts and dealers saw scope for the index to creep further towards its all-time high on Monday. The EOE index finished 1.78 point higher at 390.26, not far short of the all-time high of 391.90 set262 words
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Article242 1993-12-04 12 15.32 Swiss shares closed at a record high in active trade as the rally, which started on Wednesday, persisted. Dealers said they expected a broad rise next week as more money was channeled into equities from the fixed rate sector. The SMI could rise as high as 2,920 points242 words
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Article282 1993-12-04 12 -6 Gold shares pared some of their sizeable Thursday gains yesterday as the market showed its disappointment with bullion's latest decline, but dealers said selling pressure was limited. The gold index fell 25 points to 1.912 and the industrial index shed six points to 4.956. The overall index was282 words
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Article286 1993-12-04 12 +5.6 Stocks shuffled ahead in early lacklustre trade yesterday. propelled by gains in precious metals, dealers said. Traders said there appeared to be little news to drive the market in cither direction. The TSE 300 composite index gained 5.60 points to 4.231.90 on a volume of 15.50 million shares286 words
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Article926 1993-12-04 12 1.68 The Dow Jones industrial average was ahead 1.68 points to 3.703.79 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.22 to 256.06. while Standard Poor's 500-stock index was up 0.46 to 463.57. Advances topped declines 871-789 among the 2.379 issues. Volume926 words
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Article910 1993-12-04 12 Britannia Funds Sterling Cash Bid Oder Mim Cap Deposit 3*6400 3* 6500 Mim Jerses Gilt 0 1*93 0 1992 Mim Mai income ...10*00 1.1100 LS$ Cash Income Plus Fund 10 5500 II 1100 PS Reserve Fund 5 2200 5 2 WO Sterling Fquits Euro Performance 0 4592 0 4938 Far910 words
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Article, Illustration3002 1993-12-04 13 Bloomberg Business News HONGKONG Stock prices rose yesterday as investors discounted China's threat to end talks with Britain over Hongkong's political future and focused instead on prospects for strong earnings growth by major companies. Leading businessmen also expressed confidence that the political tug-of-war won't damage the territory's economic prosperity.Bloomberg Business News; Source: Bridge Info - 3,002 words
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Article, Illustration442 1993-12-04 13 THE CLSA Shanghai B Index closed moderately higher at 952.5, a gain of 18.49 points, on slightly heavier turnover. Dazhong soared 8.7 per cent followed by Chlor Alkali and Refrigerator. Phoenix was the major loser with share price plunging 3.5 per cent on heavy selling. In Shenzhen, the CLSA442 words
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Article, Illustration2502 1993-12-04 13 Reuter TOKYO Stocks closed mixed after an earlier drop in thin trading as late afternoon buying from institutional investors pushed share prices back up to Thursday's closing levels. The Nikkei 225 average closed the day up 0.60 point at 17,459.35. The broader Topix index of all shares on theReuter; Source: Bridge Info - 2,502 words
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Article, Illustration1857 1993-12-04 13 Reuter BANGKOK Thai stocks swung in a narrow range for most of today, but investors pushed up prices of finance and securities stocks before the close, brokers said. The SET index gained 11.38 points to close at 1,377.41 on turnover of 17.08 billion baht. Advances led declines 159 toReuter; Source: Bridge Info - 1,857 words
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Article, Illustration1132 1993-12-04 13 Reuter JAKARTA Share prices closed firmer in brisk trading on local buying interest yesterday, brokers said. The official index ended 1.72 points higher at 521.73. Banking shares led the market's rebound on active trading, after a sluggish week, with BDNI and Bank Duta rising 175 and 200 rupiah toReuter; Source: Bridge Info - 1,132 words
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Article, Illustration2873 1993-12-04 14 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume Idm Hvtl MK 14. >64.(1X1 Kjmunling MK. Il.766(«*t VI Drcilg 5<X ll.J72.OUO Mcnang < orp 10.641.000 CASH SOt .*.401.000 InnovcM Bhd X. .*****0 \ntah Hldgs MX 6.74i.OOO Ind (Hvgcn W|9J 6.41.1.000 M< B Hldgs MX 6.116.000 fan < "hongSource: Bridge Info - 2,873 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5867 1993-12-04 14 Bernama KUALA LUMPUR Share prices here closed mixed on a firmer bias yesterday, edging up from their morning lows on mild bargain-hunting in the afternoon session. A slight recovery in Japanese shares brought more buyers back into the market in the afternoonBernama; Source: Bridge Info - 5,867 words
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STOCK EXCHANGE OF SINGAPORE
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Article7316 1993-12-04 15 I"*" 80 0 Transactiondate:Dec3 Cr Gr 1993 Last Vol Day Last Qaotc Dt» Dt« YM Net M Cap High Low Company Sate (U00) High Iot Bayer Seller Crr P/E (mil INDUSTRIAL AND COMMERCIAL 1380 260 t Acma 1220 -10 125 1230 1220 1220 1230 12.5 2.1 1.0 52.8 8409 3007,316 words
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1647 1993-12-04 16 R Sivanithy - By R Sivanithy SINGAPORE Renewed confidence in the health of overseas markets and a growing belief that a global agreement on world trade will soon be reached, brought widespread gains to the stock market yesterday. Sentiment was also boosted by the midday release of the1,647 words
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Article, Illustration146 1993-12-04 16 Paul Leo - HOT STOCK By Paul Leo WATCH TDM closely as a buying opportunity is about to materialise. Applying the wave theory, the current consolidation between $2.30 and $3.14 since mid-September can be considered as a fourth wave and a fifth wave upward move is about to occur. Technicals are, however,146 words
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Article, Illustration97 1993-12-04 16 Source: Bridge Info Source: Bridge Info wpicta Clow Change BT Composite 1953.21 +21.00 BT-MGA 986.71 +6.97 ST Industrials 2151.50 +20.25 BT OB/OS +275 -33 BT CADI -***** 52 BT KMay MA -***** +27 BTOBV +*****132 +*****3 ST Finance 5054.62 212.05 ST Hotels 1452.71 +10.36 ST Properties 1697.34 +13.94 DBS CPFSource: Bridge Info - 97 words
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Page 6 Advertisements
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Advertisement477 1993-12-04 6 BUSINESS TIMES TOLL-FREE TEL. No. 1 -eOO-741-1 833 FA X 741 -1 298 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF Bl M IL TRADING CO PTE LTD (In Member*' ohtMin Liquidation I NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN portium to Section477 words
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Advertisement565 1993-12-04 6 IN THE MATTER OF THE COMPANIES ACT. CHAPTER S* AND IN THE MATTER OF THIAM HL AT COMPANY (PTE) LIMITED (Ib Members' Voluntary liquidation> NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of die Companies Act, Chapter 50. that a Final Meeting of the Members of565 words
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Page 7 Advertisements
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Advertisement262 1993-12-04 7 Mr*. JBY If \v ■II vv W s ,< lt r' HE f jpsw sr-v Meet the new car from Germany that leads the world safety and security equipment previously only on options lists of flagship in its class according to Britain's motoring press reviews. models". Featuring a driver's airbag262 words
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Page 9 Advertisements
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Advertisement244 1993-12-04 9 ROTTERDAM SCHOOL OF MANAGEMENT The Rotterdam School of Management would very much like to in\ite you to attend an Information Session where you will meet representatives and alumni of the school. International MBA Programs that master global demands Our MBA Programs are taught entirely in English. About 80% of our244 words
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Advertisement116 1993-12-04 9 17 MILLION MALAYSIANS ARE EAGER TO KNOW YOUR COMPANY Malaysia Yellow Pages can give you a huge presence in a market of 1 7 million new consumers. You see, when Malaysians look for goods or services, there's one place they turn, Malaysia Yellow Pages. And with our variety of ad116 words
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Page 11 Advertisements
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Advertisement453 1993-12-04 11 jjUsTi l«IH MiM JEIBBISE^ Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies available. We can offer shelf companies from certain jurisdictions for delivery on the same day within Singapore. CJ 8.V.1 ISLE OF MAN BAHAMAS JERSEY BELIZE LIBERIA 3 COOK ISLANDS MADEIRA DELAWARE D453 words
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Page 12 Advertisements
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Advertisement7 1993-12-04 12 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Page 13 Advertisements
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Advertisement110 1993-12-04 13 El Primero automatic chronograph movement 81/ iP i Water resistant to 100 m or 50m. pBl Available in gold, gold and steel or steel. pgg Hn LEFT Modfl N *****3400 iz. tn §i n Above Beyond P*» Ud 1 Maritime Square *02-101 Expo Gateway Tel: *****42. CortiuW*kC«nmnt Ltd ly/li'i *01-3*110 words
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Page 14 Advertisements
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Advertisement14 1993-12-04 14 a few glasses women will siari LoL ing ai yon in a different way.14 words
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Page 15 Advertisements
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Advertisement49 1993-12-04 15 Ettabtehrt sine* 1919 ANTIQUE RESTATE 3{. «S«na (pt«) £td. "^2^" Shongri La hotel StxUttotQJA. CmHedDhmondt Tel: 732 5689 (Laser Nuntmwd) PATEK PHHUPPE gcmmiMabommtdmmtttm Manufacturing jewellers since 1919 CHRONOGRAPH Call 24 hours a day for shares to buy, coming issues results of your share application. Cost 50 cants per minute49 words
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Page 16 Advertisements
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Advertisement364 1993-12-04 16 KEEP IN TOUCH AND KEEP «|ll THIS VIDEOPHONE! Yes. when you next call home, you might be able to see your loved ones. That is, if you subscribe to The Straits Times Weekly Edition between 20th November to 18th December 1993. for a period of at least six months. 1364 words
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Advertisement297 1993-12-04 16 GAINS THE WINNING EDGE IN-OEPTH BUSINESS /sasK. r*"*- I -SSB" StiSSf j\j |j YY -wp or over two decades Singapore Business has covered 1 u fi the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other297 words
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Executive Lifestyle
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Article, Illustration1539 1993-12-04 17 Jaime Ee - Are Western-educated Singaporeans in danger of losing their ethnic roots? Jaime Ee finds out Jaime Ee IT IS often said that a Singaporean who is English-educated and exposed to Western culture cannot, at the same time, be in touch with his or her own ethnic roots.1,539 words
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STRAWS IN THE WIND
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Article92 1993-12-04 17 A LOCAL firm sent out a newsletter with some information about its joint ventures overseas. None of this was new, so a reporter called the chairman to get an update and some comments. But he did not get past the secretary, who said quite firmly: "You may92 words
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Article50 1993-12-04 17 SEEN along a street in Penang a shop named "My Sore Tax". Definitely a plaee for those not too friendly with the taxman. And if your tax problems are too great, perhaps you will want to head for the "End Of The World" a seafood restaurant, no less.50 words
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Article71 1993-12-04 17 DONT take ehildren lightly. That's what an elderly man found out one flag day when two schoolgirls approached him for a donation. He said he was a retiree with no money, and if anything, he should be asking them for money. He meant it as a friendly way71 words
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OPINIONS
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Article, Illustration873 1993-12-04 18 Nirmal Ghosh - Nirmal Ghosh on the message that Indian voters sent to the main political parties in last month's elections in five states Nirmal Ghosh The writer is a BT journalist INDIAN voters the majority of them rural are largely simple people. But even873 words
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922 1993-12-04 18 John Helmer - John Helmer takes a look at the apparent ineffectiveness of TV campaigning in this month's Russian parliamentary elections John Helmer The writer is BT's Moscow correspondent THERE ought to be a television debate between Russia's party leaders before the campaign922 words
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482 1993-12-04 18 Anthony Cheong Fook Seng - LETTERS TO THE EDITOR Anthony Cheong Fook Seng Company Secretary CarnaudMetalßox Asia Limited WE REFER to Denis Distant's letter (BT, Nov 27-28) under the heading. "CarnaudMetalßox Asia's rights issue unusually packaged, gives no choice". Mr Distant states that the issue is unique in482 words
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190 1993-12-04 18 Maria Choy (Mrs - Maria Choy (Mrs) for Permanent Secretary (Communications) Ministry of Communications PLEASE REFER to the article, "Stop 'restricted zone' thinking", by Ong Yong Hwee (BT, Nov 27-28). The writer advocates re-intro-ducing the car-pooling system to relieve traffic congestion in the central business district (CBD).190 words
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PROFILE
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Article, Illustration1521 1993-12-04 19 Fionnuala Halligan - Fionnuala Halligan meets John Lone, who is enjoying a big screen rebirth with David Cronenberg's M Butterfly Fionnuala Halligan The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle WHEN John Lone first went to Hollywood, almost 10 years ago, he quickly realised1,521 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration513 1993-12-04 20 BT SENTIMENT INDEX (DEC 6-10) Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, OCBC Securities, Ong Company, Peregrine Securities, Phillip Securities, Smith New Court, {JOB Securities513 words
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Article, Illustration178 1993-12-04 20 Timothy Sullivan - Timothy Sullivan Senior portfolio manager Citibank Global Asset Management 4 7 ESTERN economies all T have suitably rated debt. Not so in Asia, apart from Taiwan's Aa and a string of single As. Debt issued by some state-owned corporations is also perfectly acceptable. Then, so might issues178 words
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Article, Illustration1349 1993-12-04 20 Lilian Ng - More and more CEOs are throwing open their doors to analysts and fund managers in the name of investor relations, says Lilian Ng Lilian Ng THERE are many publicly-listed companies in Singapore whose age-old attitude has been "if you don't like my stock, you can1,349 words
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Article, Illustration737 1993-12-04 20 Sid Astbury - Sid Astbury finds out how the fund has managed to outperform the KLSE Composite Index Sid Astbury Asian Business. Tracker funds are supposed to live up to their name: They should rise and fall in line with the market index they track. The returnsAsian Business. - 737 words
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797 1993-12-04 20 Paul Leo - By Paul Leo i i Investor /\/a makes a living A. V-M. bowing and sissing. He bows when prices fall, sisses when prices rise. His greatest friend is Mr Trend, who is also his greatest enemy. He is happy when Mr Trend goes his way and797 words
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PERSONAL FINANCE & INVESTMENT
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750 1993-12-04 21 Joyce Quek - Joyce Quek on Nomura's review of the companies in the Keppel stable Joyce Quek KEPPEL Corporation's share price has underperformed its fellow shipyards. However, it has caught up considerably, enough for Nomura Research Institute Singapore to rate it a "buy" for the long term.750 words
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Article371 1993-12-04 21 Paul Leo - Charting by Paul Leo Bu>: Kels Impressive interim results with substantial contributions from rig-repair and building activities. Prospects appear strongly positive. From July 1, the yard-sharing arrangement with Keppel Corporation gives FELS a 37.5 per cent share of shiprepair profits from the latter's facilities. The371 words
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Article, Illustration509 1993-12-04 21 Shahiron Sahari - BT Golflndex By Shahiron Sahari P RICES of golf club memberships in Singapore and Malaysia fell across the board in November, dragging the eight-club BT Golf Index for the month down by 2.91 points to 247.85. its lowest level since the 246.94 of last March.509 words
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Article, Illustration702 1993-12-04 21 A professional appraisal is critical for an adequate cover, warns Russ Soh Financial Planner SO YOU'VE just bought your dream house and furnished it with the best that money can buy. High-val-ue homes, however, are difficult to insure as it oftenFinancial Planner - 702 words
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979 1993-12-04 21 Agnes Chen - Agnes Chen suggests that investors should temper their expectations of share price performance Agnes Chen A MAN accustomed to sharksfin at every meal, if he is suddenly served ikan bilis, will feel cheated and his belly will be filled with discontent.979 words
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Article, Illustration736 1993-12-04 22 JAIME EE - Cinema Review By JAIME EE THERE are a lot of things that a daughter *11 recognise about her mother when she Matches The Joy Luck Club. Like the nin, the joy, and the quarrels between two women drawn apart by the generalion gap yet never able736 words
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Article, Illustration704 1993-12-04 22 SUSAN TSANG - By SUSAN TSANG DEMOLITION MAN is not a job description. It isn't even an accurate description of the main action in Sylvester Stallone's latest film. There's still lots of crash bang wallop, but it's not the stuff that levels buildings. Nor is the film, really. Beginning with an704 words
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Article, Illustration1262 1993-12-04 22 Mark Graham - Chinese peasants watched in astonishment as a calvacade of high-speed cars zipped across the country from Hongkong to Beijing. Mark Graham has the details recently on a motor rally Mark Graham The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle TO CHINESE peasants,Photos by Mark Graham - 1,262 words
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Article, Illustration635 1993-12-04 22 SUSAN TSANG - Exhibitions By SUSAN TSANG MENTION Chinese scholars, and the mind is filled with either love-lorn opera characters, or a tremendous, foggy respect that the literati have always commanded in Chinese culture. An exhibition now on at the National Museum aims to shed some light635 words
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Article, Illustration555 1993-12-04 23 SAMUEL EE - Motoring By SAMUEL EE IT ISN'T every day that 200 Singaporeans buy a 5200,000 Japanese car before it is even launched. Then again, it isn t every day that you come across a car like the Lexus. When the first Lexus was unveiled, it created a555 words
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SPORTS
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Article, Illustration442 1993-12-04 24 Coif AP SUN CITY. South Africa World No I Nick Faldo of England and Zimbabwe's Nick Price both fire- d five-under 67s to take the fir -st round in the Million Dollai Challenge golf tournament. Faldo. apj >earing untroubled byAP - 442 words
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SPORT SHORTS
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Article, Illustration125 1993-12-04 24 AFP MANILA Asian Track and Field Champ ionships finals Friday Men's 4f H)m: 1 I Ismail (Qat) 45.55 s (rru xt rec) 2 J L Shon (SKor) 46.47 3 K Ito (Jpn) 46.63. 1.500 m: 1 SI 4 Kim (SKor) 3:38.60 mins 2 BPn isad (Ind) 3:38.95 3 AAFP - 125 words
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Article, Illustration25 1993-12-04 24 Reuter NEW YOF tk NBA Thursday Washington 95 Seattle 105; Detroit 101 Phoenix 102; Utah 103 Indiana 87; Golden State 91 Minnesota 103. RcuterReuter - 25 words
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Article, Illustration40 1993-12-04 24 AFP BRISBANE, Australia New Zealand, needing to win to retain the Trans Tasman Trophy, were struggling at 208 for nine in their first innings at the close of the opening day in the third Test against Australia Friday. AFPAFP - 40 words
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Article, Illustration138 1993-12-04 24 AP Reuter FARMINGTON HILLS, Michigan. Nick Price. Patty Sheehan and Dave Stockton were picked as Players of the Year on Wednesday by the Golf Writers Association of America. In addition. Betsy King was selected by the writers group as the recipient of the Charles Banlett Award for "unselfish contributionsAP; Reuter - 138 words
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Article, Illustration161 1993-12-04 24 UPI PALMA DE MAJORCA, Spain Le Jingyi of China broke the women's world short-course 50 metres freestyle record when she clocked 24.62 seconds yesterday. Le. who broke the 100 freestyle short-course world mark on the opening day Thursday, set her mark at the world short-course championships to beat theUPI - 161 words
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Article, Illustration820 1993-12-04 24 George Vecsey - Basketball Has basketball any superstars left? George Vecsey finds out George Vecsey NYT NEW YORK Isn't it a shame what has happened to the National Basketball Association since Magic retired, since Bird's back went out, since Michael packed it in, since Laimbeer no longer had theNYT - 820 words
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PEOPLE
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Article, Illustration275 1993-12-04 24 WHEN Straits Steamship Land recently held a ground-break-ing ceremony in Yangon for its US$5O million (SSBO million) hotel project, the occasion was graced by the top brass of Myanmar's State Law and Order Restoration Council. The Straits Steamship Land team was led by its275 words
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TIME OFF
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Article, Illustration598 1993-12-04 25 Joyce Quek - Joyce Quek wonders whether the S&G clashes will affect their concert Joyce Quek every stop is neatly planned for a poet and a one-man band..." from the song Homeward Bound by Paul Simon THAT'S who'll be performing at the Singapore Indoor Stadium tomorrow night a poet and598 words
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Article, Illustration603 1993-12-04 25 Shahiron Sahari - Shahiron Sahari samples the talents of Leila Florentino who will be playing the lead in Bugis Street Shahiron Sahari ONE OF the musicals to look out for next year will undoubtedly be Bugis Street, a story set in that once infamous little street in Singapore.603 words
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Article376 1993-12-04 25 Puss In Boots The popular tale about how a cat helps his master go from rags to riches is retold by Act 3. Till Dec 12. Bpm at the Drama Centre; with extra performances on Dec 3, 4 and 10 at 10.30 am and 2.30pm. Performance times on Dec376 words
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Article, Illustration578 1993-12-04 25 Japanese Classical Music Show Organised by the Japan External Trade Organisation and the Asian Village. this programme highlights two outstanding Japanese musicians who will perform Japanese classical music. Today. 2pm and 3.30pm at the Asian Village Theatre. Admission is free. Messiah The Singapore Symphony Orchestra, under the baton of578 words
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Article87 1993-12-04 25 The Blue Planet Produced with Nasa's help, this film takes you on a trip to space where the Earth seems suspended in a limitless void. We see how natural catastrophes have devastated life here. Too bad Man is intent on contributing to the destruction. Ham, 12pm. 2pm. 4pm. spm87 words
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Article736 1993-12-04 25 7th International Education, Training and Careers Exhibition Schools and institutions from Australia. Canada. India. Malaysia. Switzerland. Singapore, the UK and the USA will provide information on the above topics via talks and exhibits. Till tomorrow. 12pm to 7pm at the World Trade Centre Expo Hall 7. Admission736 words
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Article35 1993-12-04 25 Private Parts Wanted: A male talk show host and other roles for the play by Michael Chiang. Dec 8 and 10. at the Drama Centre reception room Call Madeline at 227-1928 for more details.35 words
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Article251 1993-12-04 25 Once Upon A Mime Mime unLTD presents this offering that combines mime, juggling, magic and music. Also a free presentation on the art of mime and mime make-up will be conducted one and a half hours before each performance. Till Tkx 5. Bpm at the Guinness Theatre.251 words
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Article100 1993-12-04 25 Christopher Toh - Compiled by Christopher Toh Les Miserabtes Produced by Cameron Mackintosh. Victor Hugo's masterpiece comes alive in Singapore Feb 4 to Apr 17. Group and special bookings can be made at special prices. Counter sales at all Sistic outlets. Tickets from $35 to $140. Call Stephanie: 294-0708. Sistic outlets are100 words
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EPICURE
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Article, Illustration665 1993-12-04 26 SUSAN TSANG - Bon Appetit By SUSAN TSANG LOVERS of Italian food have more to cheer about lots more, as Prego is open again, bigger than before, and with a view thrown in. The restaurant has moved to the location of the old Palm Grill, and with aPhoto by Arthur Lee - 665 words
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Article, Illustration544 1993-12-04 26 SUSAN TSANG - By SUSAN TSANG DINERS who have not yet had their fill of French cuisine after the spate of visiting chefs can check out the new menu at Truffles. While the menu itself may not contain anything really novel, the prices on them make a pleasant change.544 words
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Article, Illustration717 1993-12-04 26 N K YONG - Wine By N K YONG THE WINES of Chateau PichonLongueville Comtesse de Lalande have always been associated with great elegance and charm. This is not by accident. As Madame May-Eliane de Lencquesaing said to a small group of enthusiastic admirers in Singapore this week,717 words
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Article, Illustration1081 1993-12-04 28 Another Stakeout Cops Richard Dreyfuss and Emilio Estevez continue their put-down routine. This time, they are joined by over-emphatic Rosie O'Donnell. Cathay 2: 11; 1.30; 4; 6.45; 9.15. Yishun: 2.15; 4.35; 9.30; 11.50. Demolition Man. When psycho criminal Wesley Snipes escapes into a docile future world, rabid cop Sly1,081 words
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Page 17 Advertisements
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Advertisement179 1993-12-04 17 EXPRESS I The way of turning shares into V'aoA on lAf ifuti. HONOLKMQFWAnCCUWTB) SMQAPOMi HNANCf LMTB I *****33 *****33 I F v ■f IfH A\ jilablr ncSinhflv SINGAPORE: BuiW Main Shop: 435 Orchard R.m.) «nM2/43/44. W»ma Airia. Singapore <1923 TH 733 71 IS 391 Orchard Road. *0110 Takashimava Shopping Centre.179 words
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Page 18 Advertisements
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Advertisement49 1993-12-04 18 I ItTTTj^^^Q JUST CALL: 737-1166 Business heats up when you make the call and place an ad. f^t C.A.T.S. 737-1166 H^CName Address: PMWM S'pore Tel: (Res) (Office) Mail/Fax/Telephone to: Customer Relations Section Circulation Department i Singapore Press Holdings Ltd, 82 Genting Lane Singapore 1334. Tel: 1800-*****77 Fax *****75 149 words
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Advertisement33 1993-12-04 18 •BT welcomes letters from you. I Mease address them to: The Editor, Business Times, 390 Rim Seng RdL, S pore 0923. Letters should include your contact numbers. BusinesslT Every Monday, in Business Times33 words
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Page 18 Miscellaneous
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Miscellaneous89 1993-12-04 18 (\'n CCKwnj HAVC meT &e_roße (dYCvJse ne don ti) V"~ f?ecoG*Jise.Pe«sorf Q ASSOCIATED «CWS*A*€«S LTO„ W DOONESBURY GARRY TRUDEAU Doubt it. ■■■■■I I I hZ too much, nn sure he* 1 He's formerAmlasaa- r w» taie Ounese who died under rmsterious RH SK7HAC M ABOUT3O I I dcrPulce-usedto hired Ruby89 words
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Page 19 Advertisements
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Advertisement61 1993-12-04 19 Refrigerated Wine Cellar fH Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price* 552,525.00 (mduswe of delivery setup in S'pore 12 months warranty Available ex-stock from the Sole Agent: bonTartf BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheong Building 47 Jalan Pemimpin61 words
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Advertisement111 1993-12-04 19 The World's Favourite Children's Wear SPBnpBHHE&HIfIHHnBnBiMHSHnHHHBHHHHHHHHHHBE tare m 1 ■fiMM TftMlV' *I^-. < ml H ks£\ f4h jilSP^^u |g| «P^#V, C^HB^^^Qfj^m^* 1 s§ i©# Bff4^^^BMHHM^^^lH»3'f PSp-BBHBBBBwBB^H[wp^^^ rj '-twT 8 t -i»i r y ;t J7.<*C^".\ npp^^^ Oshkosh B'Gosh® Clothes, Shoes, Socks, tBl-31 WisiM Attn T«fc 737 0174 #01-09 forum The111 words
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Page 20 Advertisements
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Advertisement28 1993-12-04 20 FANTASY WATERBEDS PTE LTD 15 Enggor Street (off Anson Rd) #01-03 Realty Centre Singapore 0207 Tel: 226 1055 Fax: 226 1054 Mon-Sat: 1 lam-Bpm. Sun Public Holidays: lpm-7pm.28 words
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Page 21 Advertisements
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Advertisement96 1993-12-04 21 Fly 4 times a week to Cambodia (Every Tuesday, Wednesday, Friday Sunday) HHB—jmHwL ANGKOR WAT, has been out of reach to tourists for decades. Now, people are rediscovering just what makes this temple one of the Seven Wonders of the World. m> CAMBODAA CAMBODIA wrawmow. c wu INTERNATIONAL AIRLINES CAMBODIA96 words
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Page 23 Advertisements
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Advertisement23 1993-12-04 23 o o o o o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. Business Times23 words
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Page 24 Advertisements
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Advertisement86 1993-12-04 24 Chronograph with automatic movement. n lllllA&m Steel and gold-plated case and bracelet, Steel and gold-plated case and bracelet with shielded crown. ■HPS»' 4 y y> with shielded crown. Scratch-resistant sapphire crystal. V x Scratch-resistant sapphire crystal. GENEVE Water-resistant to 5C metres. I- ater-resistant to 5C metres. where time is creation86 words
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Page 25 Advertisements
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Advertisement30 1993-12-04 25 An Exhibition And Sale Of Rare Jewels Estate Jewellery MANUEL BOUVIER The 4th December 1993 to the 7th December 1993 3.00pm to 7.00pm. Thi Dvuon 83, Duxton Road, Singapore 020830 words
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Page 26 Advertisements
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Advertisement244 1993-12-04 26 GENUINE TASTE OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. to PASTA FRESCA DA SALVATORE PTE LTD BLK 833 «0103 ROYAL VK.LE BUtCIT TIMAH ROAD SINGAPORE244 words
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Page 27 Advertisements
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Advertisement673 1993-12-04 27 MS Nothing Beats A Bud. BUS OF Alan Ng, food writer of Lianhe Zaobao,"lt's a high tea of distinct difference from those we had tried locally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like Penang Laksa, Fried Kway Teow, Bubur Hitam, Hokkien Mee and more.673 words
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Advertisement306 1993-12-04 27 11 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song* W/L 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 over306 words
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Advertisement365 1993-12-04 27 iljSl LUNCH ACROSS A INTERNATIONAL A a*. BOUNDARIES DURING jvfii DECEMBER rjjtt Festive fare and variety. An irresistible combination that makes Top of the M a "must" \H A. r l|r —--'v lunch destination for December. II For reservations, please call 734 6151 739 8438. Seasonal Buffet 1 Dec -15365 words
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Page 28 Miscellaneous
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Miscellaneous2445 1993-12-04 28 TODAY'S TV Hnrmnrm 900 Children's Club. 10.00 Heroes On Hot Wheels. 10.30 Robotech 11. Wall Street 8.30pm, TV 2 11.00 The Little Flying Bears. Charlie Sheen manages to ABC Programme confidence company trader Michael He the cradle China's petro- vJkri k 1 < get* success but loses his soul leum2,445 words
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