The Business Times, 18 December 1993

Microfilm: NL18968
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times W\: KNOW ASIA MITA(P) 010/12/93 Weekend Edition, December 18-19 1993 75«
    13 words
  • Article, Illustration
    S'pore team helps plan 300km Cambodian development corridor
    483 1  -  By Harish Mehta SINGAPORE The Singapore government has helped Cambodia prepare a masterplan to build a 300 kilometre highway dubbed the "highway for development corridor" linking the capital Phnom Penh to the southern port city of Sihanoukville, said visiting Cambodian Second Prime
    483 words
  • Article
    Brewery and properties help lift F&N profit 14.4pc
    696 1  -  Centrepoint proposes one-for-two bonus issue By Genevieve Cua SINGAPORE Higher-than-expected earnings from brewery and properties enabled the Fraser and Neave group to post a 14.4 per cent rise in earnings in the year to September, sweetened further by a proposed one-for-two bonus
    696 words
  • Article
    Price tags of GST goods must include tax component from April
    185 1 SINGAPORE From April next year, all price tags of goods and services subject to the Goods and Services Tax will have to include the tax component. GST-inclusive pricing will also apply when prices are quoted in advertisements and other
    185 words
  • Article
    At least three brokers stop contra trading as volume soars
    284 1  -  By R Sivanithy SINGAPORE Soaring stock market volume in the past two weeks has prompted some brokers to reintroduce trading restrictions to clear administrative backlogs and bring their adjusted net capital down to manageable levels. At least three brokers Lee
    284 words
  • Article
    S'pore and KL shares ease, HK races ahead
    101 1 SINGAPORE The Singapore, Malaysian and Thai bourses took a breather yesterday. but the Hongkong and Philippine markets continued scaling new heights. In Hongkong, the Hang Seng continued its gravitydefying run, climbing 229.20 points to a record of 10,568.86. In the Philippines, the
    101 words
  • Article
    Cabinet reshuffle next week: PM Goh
    168 1 SINGAPORE A new Cabinet line-up will be announced early next week, most probably on Tuesday, says Prime Minister Goh Chok Tong. Speaking to reporters last night at the Prime Minister's Office 1993 National Day Awards Investiture ceremony at the Istana, Mr Goh said he
    168 words
  • Article
    Lock icon Japan launches 326b yen plan to create one million jobs
    284 1 Reuter, Bloomberg Business News TOKYO Japan's Labour Ministry yesterday unveiled a programme to help create about one million jobs as the economic slump puts pressure on businesses to cut their work forces. Ministry officials said the programme, submitted by Labour
    Reuter,; Bloomberg Business News  -  284 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones up 15 points
      66 1 Reuter NEW YORK Strength in shares of International Business Machines led a rally in blue chip stocks into midday trading. "More and more firms arc getting interested in the turnaround (in IBM)," said Alfred Goldman of A G Edwards Sons. "It's obviously helping the whole
      Reuter  -  66 words
    • Article
      Lock icon EC ministers agree on steel subsidy deal
      44 1 Reuter BRUSSELS European Community industry ministers approved a steel subsidy package subject to parliamentary approval in three member countries, a German spokesman said yesterday. The three countries concerned arc Denmark, Britain and Germany, the spokesman said. Rcuter
      Reuter  -  44 words
    • Article
      Lock icon Christopher to seek more US foreign aid
      92 1 Reuter WASHINGTON US Secretary of State Warren Christopher plans to ask President Bill Clinton to add billions of dollars to the administration's foreign aid budget, a US official said yesterday. "I understand and sympathise with the problems he has of allocation of resources,
      Reuter  -  92 words
  • Article, Illustration
    MARKET SUMMARY
    113 1 Stock market indices Friday Change Sill 2.280.26 -5.73 KLSF. Composite .1,109.53 -3.06 Nikkei 18,051.91 +262.63 Hang Seng 10.568 8 229.20 SET Index 1.513.83 +1.17 Jakarta C omposite ...556.95 +3.59 CLSA China B ......1.338.59 12.74 Aust All Ord 2.080.2 +5.4 FrSE 100 3,337.1 +25.9 Friday Preriow Ipm do* Dow
    113 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      S'pore firm charged with cheating US Customs to get around textile quotas
      464 2  -  By Schutz Lee THE US has brought felony charges against a Singapore company for circumventing textile import quota restrictions by passing off clothing made in Malaysia and Indonesia as Singapore-made garments. International Garments Factory (Pte) Ltd was charged
      464 words
    • Article
      3,800 new workers needed in four tourism sectors: report
      298 2  -  By Teh Hooi Ling FOUR SECTORS in the tourism industry hotels, restaurants, retail outlets and travel agents will need some 3,800 new workers by 1995, according to a survey conducted by the Singapore Tourist Promotion Board. The figure represented a 9.1
      298 words
    • Article, Illustration
      Don't join union only when help is needed, Boon Heng tells workers
      280 2 SINGAPORE Workers should join unions now and not wait until they need assistance when they have grievances. says Minister without Portfolio Lim Boon Heng. Mr Lim, who is also NTUC secretary general, made the comment last night at
      280 words
    • Article
      Two MPs team up to invest in Shangdong
      474 2 TWO Members of Parliament have joined forces to promote Singapore investment in China's Shandong province through three projects in the port city of Qingdao. Peh Chin Hua (Jalan Besar GRC) and Kenneth Chen (Hong Kah GRC) have formed a joint-venture company. Third
      474 words
    • NEWS ROUNDUP
      • Article
        EDB's offer to young graduates
        94 2 THE Economic Development Board is inviting applications from young graduates to join its human resource development programme sponsored by Mobil Oil Singapore. Under the $20 million programme announced in March this year, the candidates will work as EDB officers to identify business opportunities, conduct research
        94 words
      • Article
        Ang Mo Kio Community Hospital opens
        69 2 THE Ang Mo Kio Community Hospital, which was officially opened yesterday, will provide the needed intermediate level of hospital care in a community setting, said Health Minister Yeo Cheow Tong yesterday. Patients who no longer need the more intensive medical services of an acute
        69 words
      • Article
        Third park connector programme
        59 2 THE Parks and Recreation Department is embarking on its third park connector programme in January 1994. The Kallang River Park Connector 118 will run along the Kallang River from Serangoon Road to the Kallang Riverside Park. The two-kilo-metre park connector will pass through the Kallang Basin
        59 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      189 2 history, by pioneers From earliest Longines has made the future happen in a close technology Auguste Agassiz charted the destiny of Longines. As a forerunner, Longines provided instruments and fjJ timepieces to those who IZ opened new frontiers, includ K ing Lindbergh, Byrd and I Amundsen. And Longines' I V^>,
      189 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      402 2 I WEATHER Skifapw*: Showers over a tew areas in the late morning and over many areas in the afternoon and early evening. (Temperature range: 24-30). frfcPadfc mnjf Cm*. larape Hi/La* C*m* Buenos Aaas 21/16 Oe» VicMard 21/16 Cloudy Amsterdam 06 00 Cloudy Chicago 08/01 Snow 33/22 CM Um 1307 Cloudy
      402 words
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  • THE REGION
    • Article
      Thailand may merge major petrochem firms ahead of Afta
      510 3  -  From Alan Boyd in BANGKOK THAILAND is considering merging its main upstream petrochemical suppliers to prepare the industry for tough competition from Singapore under the Asean Free Trade Area (Afta). A working committee recommended a formal link-up between the National Petrochemical
      510 words
    • Article, Illustration
      Lock icon Caution, men at work
      77 3 AFP BEIJING These Chinese workers care little for safety on the job. \\Athout protective helmets on their heads, they carried iron bars which is used to reinforce a construction work on Thursday. Industrial accidents in China claimed 11,600 lives in the first eight months of the
      AFP  -  77 words
    • Article
      Lock icon Japan may have product liability law soon
      204 3 Reuter TOKYO Japanese government officials agreed at a meeting on consumer protection to implement a product liability law as soon as possible to protect consumers from defective products. But various ministries will need to discuss further before deciding when to introduce the law.
      Reuter  -  204 words
    • Article
      Lock icon Taiwanese PM calls for end to political rivalry with China
      245 3 Reuter TAIPEI Taiwan's Premier Lien Chan, speaking on the eve of a new round of talks with China, yesterday callcd for the two sides to put aside their political rivalry and focus on expanding tics. In a speech billed as
      Reuter  -  245 words
    • Article
      Lock icon China raises power charges to fund world's biggest hydro-electric project
      288 3 China Daily BEIJING China has put up the price of electricity to raise funds to build the world's largest hydro-electric project. The extra 0.003 yuan levied on each kilowatt hour in August move is expected to channel nearly three billion
      China Daily  -  288 words
    • Article
      Lock icon Tokyo economy needs mix of remedies: planner
      344 3 UPI. Bloomberg Business News TOKYO The Japanese government's next pump-priming package to bolster the sagging economy should combine quick-fix remedies with long-term steps to improve the living standards of the people, the top economic planner said yesterday. Economic Planning Agency (EPA) director-general Manae
      UPI.; Bloomberg Business News  -  344 words
    • Article
      Lock icon M'sia will have to open up finance sector: Rafidah
      455 3 Reuter KUALA LUMPUR The new Ciatt agreement will require Malaysia to open up its highly protected financial services sector to foreign investment. Minister of International Trade and Industry Rafidah Aziz said. But the accord will also allow Malaysia's manufactured exports to
      Reuter  -  455 words
    • ASIA NOTES
      • Article
        Lock icon KL condo: No hope of finding survivors
        72 3 AP KUALA LUMPUR Hope of finding survivors in a collapsed condominium was all but abandoned yesterday as heavy equipment began pulling the rubble apart. "There is no possibility of life." said Abdul Rahim Noor, acting police inspector-general. Painstaking tunneling was abandoned for a
        AP  -  72 words
      • Article, Illustration
        Lock icon Me, Tarzan of the Apes
        63 3 AFP LAEM SAI. Thailand For eight monkeys, there was just no monkeying around. They are sent to the Phuket Monkey School to be trained as professional coconut-pickers. Taking time off from his studies. Dam the monkey on Thursdav amused both children and adults with his
        AFP  -  63 words
      • Article
        Lock icon KL firm to build Myanmar resort
        71 3 UPI YANGON A Malaysian company yesterday signed a contract to build Myanmar's first island resort in the Andaman Sea. Under the 30-year contract with the military government's Hotels and Tourism Directorate, the Atlantic Outline Myanmar Co will develop the 600-ha island of Pulu Bcsin
        UPI  -  71 words
      • Article
        Lock icon Over 10m jobseekers in Guangdong
        52 3 Reuter HONGKONG More than 10 million Chinese workers have converged on the southern province of Guangdong in search of jobs, the China News Agency reported in Hongkong yesterday. But the inflow had contributed to social problems. More than half the criminals arrested were not from
        Reuter  -  52 words
      • Article
        Lock icon China's biggest copyright fine
        52 3 Bloomberg Business News BEIJING Beijing has hit a software pirate with the toughest fine yet under its infant copyright law, the official China Dyily reported. A Beijing court ordered Zhuhai Electronic Technology Development Co to pay 210.000 yuan (5557.490). ten times the company's illegal profits. Bloomberg
        Bloomberg Business News  -  52 words
    • Article
      Lock icon Patten reforms will be hard for China to undo: Martin Lee
      516 3 AFP. Reuter HONGKONG Governor Chris Patten's democratic reform plans will present Beijing with a fait accompli that will be hard to undo when Hongkong reverts to China in 1997, but only if he refrains from watering them down, the
      AFP.; Reuter  -  516 words
    • Article
      Lock icon Mexico, China sign accords for wide-ranging cooperation
      232 3 AP AFP BEIJING China and Mexico signed agreements for wideranging cooperation yesterday on the first full day of a visit by Mexican President Carlos Salinas de Gortari. Mr Salinas met his Chinese counterpart. Jiang Zemin, and Premier Li Peng after a welcome ceremony
      AP; AFP  -  232 words
  • Page 3 Advertisements
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  • THE REGION/THE WORLD
    • Article
      Lock icon Clinton seeks US growth on back of Asian progress
      681 4 A review of the US president's Asia policy during his first year in office AFP WASHINGTON President Bill Clinton has focused on economics in US relations with Asia in his first year in office in the hope that Asian growth will
      AFP  -  681 words
    • Article, Illustration
      Lock icon Dawkins quits as Aussie treasurer sparking uncertainty
      408 4 Knight-Ridder, Reuter CANBERRA Australian Treasurer John Dawkins, one of Prime Minister Paul Keating's closcst allies and a leading force in the country's economic recovery, has quit, sparking financial and political uncertainty. And Mr Keating's decision not to announce a new treasurer the top
      Knight-Ridder,; Reuter  -  408 words
    • Article
      Lock icon US building starts rise for fourth straight month
      191 4 Reuter, Bloomberg Business News WASHINGTON US construction starts on new homes increased for a fourth straight month in November as cheap interest rates powered building to its strongest pace in more than years, the Commerce Department said. The annual rate of starts
      Reuter,; Bloomberg Business News  -  191 words
    • Article
      Lock icon Higher growth in China industrial output in November
      354 4 Bloomberg Business News, AFP, UPI BEIJING In a sign that an easing in austerity measures may be sending China's economy into overdrive again. Beijing announced yesterday that the country's growth rate for both industrial output and retail sales climbed in November from
      Bloomberg Business News,; AFP,; UPI  -  354 words
    • Article
      Lock icon Japan not buying enough US computers, Washington reviewing sanctions
      275 4 AP, AFP WASHINGTON Deputy US Trade Representative Charlene Barshevsky said the US was reviewing possible trade sanctions against Japan for its failure to meet certain commitments under prior agreements, including measures regarding supercomputers. US trade officials said yesterday that despite a
      AP,; AFP  -  275 words
    • Article
      Lock icon Retired Navy admiral to replace Aspin as US defence secretary
      364 4 Reuter WASHINGTON President Bill Clinton on Thursday named retired Navy admiral Bobby Ray Inman, a wellrespected former intelligence official who had to be persuaded to take the job, to replace Les Aspin as defence secretary. "He has established a reputation
      Reuter  -  364 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      323 4 Sound, Solid Secure »v\ mRBK /BoomorßustX Ived 4a2 to Gold 4 Maroln N9?,, 3 5^ f le Trading \ye* ot *stod M^vJiwShßtek Jf'Very t of .r -M A S f j High Risk, High Retum^^^ CPF, T-BHIs, Fixed Deposits No Risk, Low Return <■ Yes, we believe a substantial portion
      323 words
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  • THE WORLD
    • Article, Illustration
      It's far from perfect, but historic pact pulls world trade back from brink
      984 5  -  Gatt: from bleak past to bright future By 1 Vlkram Khanna with agency reports THE Uruguay Round, which ended on Wednesday after a marathon seven years of talks, has been billed as the most ambitious and complex
      984 words
    • Article, Illustration
      Some big markets escaped the net...
      270 5 Financial services. No comprehensive agreement was reached on opening world markets for international financial services. The United States will be exempted for 18 months from opening its market to Asian banks, insurance companies and other financial institutions. It will then have an extra six
      270 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1374 5 ag nm n* n» n» Abn DteW GA860 2000 fcmtarrfam KL837 1540 KL844 0535 HI838 2335 SQ324 2345 UkM SQ347 1730 SQ347 1735 Auckland NZ21 1710 NZ36 0055 8A11 1335 SQ286 2035 NZ22 1825 Sari Bagawan BI421 1105 SQ182 0915 SQ181 1410 BI422 1205 Bt429 2030
      1,374 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Strike price for Vickers Ballas tender shares set at $3.68
      533 6  -  By Abdul Hadhi INVESTORS who bid for the tender portion of stockbroker Vickers Ballas Holdings' initial public offer will have to pay $3.68 a share. Prices tendered ranged from $1.60 to $260, though the latter figure is likely to have
      533 words
    • Article
      Jaya shares hit all-time high, firm denies talks with VDH
      402 6  -  By Dexter Lee SINGAPORE Something is going on at Sesdaq-listed Jaya Holdings, if the record increase in its share price yesterday is any indication. The counter jumped 68 cents to close at an all-time high of $3.58 23 per cent
      402 words
    • Article
      CWT Distribution wins second China deal
      272 6 SINGAPORE Listed CWT Distribution yesterday forged its second China deal, just five months after the first one. The latest agreement covers a 49-51 joint venture deal with Fuzhou Harbour Container Corporation to provide container freight station, transport and depot services in Fuzhou, in south
      272 words
    • Article
      Pan Pacific Publications proposes rights issue to raise $8m
      191 6 SINGAPORE Sesdaq-listed Pan Pacific Publications has proposed a renounceble rights issue to raise up to $8 million for expansion. Up to 16.5 million new rights shares of 50 cents each will be distributed on the basis of one for every two
      191 words
    • Article
      YHS could land a small fortune
      766 6  -  HOCK LOCK SiEW By Lee Han Shih SINGAPORE Welcome to Yeo Hiap Seng Ltd. the latest property play in the stock market. Strictly speaking, YHS has been a property play for quite a while. And strictly speaking, every listed company that owns real estate
      766 words
    • Article
      APB exceeds expectations with 25pc rise in profit to $80m
      321 6  -  By Genevieve Cua SINGAPORE Asia Pacific Breweries has posted a 25 per cent rise in earnings to $80.42 million, boosted by its overseas operations, particularly in Papua New Guinea. The results were achieved on a 0.9 per cent growth in
      321 words
    • Article
      Sembawang unit pays $24m for stake in leasing firm SAL
      296 6  -  By Rahita Elias SINGAPORE Sembawang Shipyard, through a whollyowned subsidiary, has bought an 11 per cent stake in listed SAL Industrial Leasing for slightly over $24 million. The subsidiary, Sembawang Industrial, which is involved in marine automation, and electrical, instrumentation
      296 words
    • Article, Illustration
      Lock icon SUMMARY
      333 6 Source: Bridge Info Performance of STII's Index stocks Dec 17 Last Seasc Ia4r\ Stock talc CkM factor movers (I) Avimo 2.140 1.38 4( 8 100 -0 430 5.21 115 38 CWT 3 160 0.170 2.03 -43 59 Ocrctoos 7 500 0.250 4.83 -64 10 FAN 17 800 -0 700
      Source: Bridge Info  -  333 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Temasek allots 1.64m Telecom shares
          45 10 SINGAPORE With the public listing of Singapore Telecom shares on the Stock Exchange of Singapore, Temasek Holdings has to date allotted 1.64 billion shares to successful applicants. Temasek's direct interest in Telecom thus has been reduced to 89.22 per cent.
          45 words
        • Article
          Heshe queried about share price rise
          58 10 SINGAPORE The Stock Exchange of Singapore has reminded Sesdaq-listed Heshe that it should disclose immediately information about the company likely to have a significant effect on the price or turnover of its shares. The SES said Heshe should thus inform it of any reason
          58 words
        • Article
          Clipsal's new deputy managing director
          59 10 SINGAPORE Clipsal Industries has appointed Chau Kwok Wai to its board of directors as deputy managing director. Mr Chau will assist Victor Lo, chairman and managing director of the company, to oversee the operations and developments of the company. Mr Chau, 39. is also an
          59 words
        • Article
          Boustead shareholders approve sale
          54 10 SINGAPORE Shareholders of Boustead pic have, at an extraordinary general meeting on Tuesday, approved the sale of 21.6 million shares in Bousteadco Singapore to Jack Chia-MPH Ltd for £12.8 million (Ss3o million). Completion of the deal is scheduled for Monday, after which Bousteadco will become a
          54 words
        • Article
          New Sun Corp appointments
          30 10 SINGAPORE Sun Corporation has appointed Sun Tong Lin as alternate director to Pan Cheng Wei, and Cai Dun Xue as alternate director to Lu Zhi Ming.
          30 words
        • Article
          Marco Polo announces replacement
          38 10 SINGAPORE Marco Polo Developments has announced that Edward W S Cheng has been appointed a member of the share transfer committee and share allotment committee in place of John T Hung who has resigned.
          38 words
        • Article
          Lock icon Southern Steel debuts with M$4 premium
          65 10 Bernama KUALA LUMPUR Southern Steel Bhd made an impressive debut on the Kuala Lumpur Stock Exchange yesterday to offer a Ms 4 (552.50) premium over its offer price of MS 1.50 when it was first transacted at M 55.50 with 194 lots traded. It
          Bernama  -  65 words
      • Article, Illustration
        Wuxi park project to focus on high-tech industries
        513 10  -  MHS' purchase of MAS stake STIC-led consortium to sign joint-venture agreement today From Yong Pow Ang in WUXI THE industrial park which a consortium led by the public-ly-listed Singapore Technologies Industrial Corporation (STIC) plans to build in Wuxi, China, will focus on
        513 words
      • Article
        Lock icon Sale could ease airline's financial troubles: analysts
        405 10 Reuter KUALA LUMPUR The Malaysian government's sale of a 32 per ecnt stake in Malaysian Airline System (MAS) to a helicopter company could case the financial troubles of Southeast Asia's largest airline, analysts said yesterday. The stake will be sold to Malaysian Helicopter
        Reuter  -  405 words
      • Article
        Lock icon Dunlop Estates eyes 45pc stake in Sarawak electricity firm
        345 10 Bernama KUALA LUMPUR Dunlop Estates Bhd (DEB) plans to acquire a 45 per cent equity interest in the Sarawak Electricity Supply Corporation (Sesco) from the Sarawak state government. DEB also intends to make a special issue of its shares to the
        Bernama  -  345 words
      • Article
        Lock icon Muhibbah tendering for contracts worth M$600m
        237 10 Bernama KUALA LUMPUR Soon-to-be-listed Muhibbah Engineering (M) Bhd, which has on-going jobs worth about MSBOO million (*****.1 million) and enough to last it for two years, has tendered for contracts worth another MS6OO million, managing director Mac Ngan Boon said yesterday. Speaking to newsmen
        Bernama  -  237 words
      • Article
        UNIT TRUSTS & FUNDS
        503 10 UNIT TRUSTS FUNDS Managers' print Dec 18 20 Umbond 1.07 1.09) United Gr Fund 1.67 I.7J Singapore Unit Trust united asu Fund 195 20v The Commerce 1.77 1.86 NTUC Income iS iS <" S'pore Sec Fund 109 1.14 Prudential S pore Invest Fund 1.27 133 PniL.nk Mgd Fund 140 147
        503 words
      • Article
        Lock icon China Resources unit plans to list Shenyang brewery venture
        156 10 Bloomberg Business News HONGKONG China Resources Enterprises, a listed subsidiary of state-run China Resources Group in Hongkong. plans a separate listing for its new joint-venture brewery in Shenyang, the company said yesterday. "However, neither the venue nor the timing of the
        Bloomberg Business News  -  156 words
      • Article
        Charoen Pokphand reduces stake in oil venture with PTT
        335 10 BANGKOK Thai conglomerate Charoen Pokphand has agreed to reduce its stake in the integrated oil business venture with the Petroleum Authority of Thailand (PTT) in order to accommodate Pi 1 s desire to have greater control in the project. As a
        335 words
      • Article
        Lock icon Brierley-Harrah's consortium wins Auckland casino bid
        343 11 Bloomberg Business News WELLINGTON A consortium of investment group Brierley Investments Ltd and US gaming concern Harrah's has won the bid to build a US$l5O million (SS24O million) casino in Auckland, New Zealand's largest city. There was intense competition for the rights for the
        Bloomberg Business News  -  343 words
      • Article
        Lock icon Reuters to buy digital trading systems firm
        222 11 Reuter LONDON International news and information organisation Reuters Holdings pic said yesterday it will buy Teknekron Software Svstems Inc for U*****.1 million (*****.2 million). Teknekron of Palo Alto, California, and Reuters are two of the leading companies in the global supply of digital
        Reuter  -  222 words
      • Article
        Lock icon High steel output lifts BHP's interim profit by 27pc
        255 11 Bloomberg Business News MELBOURNE Resources giant Broken Hill Proprietary Co, Australia's largest public company, said half-year net profit rose 27.5 per cent from a year earlier, reflecting the highest production of raw steel in 14 years. The As64o million (*****.8 million)
        Bloomberg Business News  -  255 words
      • Article, Illustration
        Lock icon Aussie satellite TV thrust
        40 11 Reuter SYDNEY Ben Hawke (next to the Australian Broadcasting Corporation symbol) is general manager of Australia Television International, an affiliate of the ABC, which brings television via satellite to five million households throughout South-east Asia. Reuter
        Reuter  -  40 words
      • Article
        Lock icon Seagram raises stake in Time Warner to 9.3pc
        275 11 Bloomberg Business News WASHINGTON Seagram Co Ltd continued to steadily build its stake in Time Warner Inc by purchasing another 4.5 million shares of the media company's stock. Seagram acquired the shares during the past 30 days, raising its stake to 9.3
        Bloomberg Business News  -  275 words
      • COMPANY BRIEFS
        • Article
          Lock icon Sime Darby gets M$620m loan
          60 11 Reuter KUALA LUMPUR Malaysian conglomerate Sime Darby Bhd said its associate company Port Dickson Power Sdn Bhd (PDP) has obtained funds totalling MS62O million (*****.6 million) from Malayan Banking Bhd for a Ms7oo million power plant project. PDP was awarded a contract to build, own
          Reuter  -  60 words
        • Article
          Lock icon Golden Resources' profit rises 15.5pc
          55 11 Bloomberg Business News HONGKONG Rice trading company Golden Resources Development International said its net profit rose 15.5 per cent to HK526.4 million (555.4 million) in the six months ended Sep 30, from HK522.9 million in the same period of 1992. Total sales increased 9.6 per
          Bloomberg Business News  -  55 words
        • Article
          Lock icon TelecomAsia starts trade on Dec 22
          79 11 Reuter BANGKOK Shares of Telecom Asia Corp pic, Thailand's biggest public equity offering to date, will start trading on Dec 22, the Stock Exchange of Thailand said. The firm last month offered 223 million shares at 55 baht each to the public, amounting to
          Reuter  -  79 words
        • Article
          Lock icon British Gas to cut 20,000 jobs
          58 11 AFP LONDON British Gas is to restructure its British operations into five autonomous divisions, cutting 20.000 jobs during the next three years, the group said yesterday. The group, privatised in 1986, will in future divide into five divisions dealing with transport and storage, the
          AFP  -  58 words
        • Article
          Lock icon Cathay Pacific staff rejects pay rise
          50 11 Bloomberg Business News HONGKONG Employees of Cathay Pacific Airways have rejected a basic pay rise of 5 per cent, prompting fears that the airline may have to contend with a strike during the busy Lunar New Year holiday, the South China Morning Post reports.
          Bloomberg Business News  -  50 words
      • Article
        Lock icon Harrisons & Crosfield issues mild profit warning
        176 11 Harrisons Crosfield issues mild profit warning Reuter LONDON Harrisons and Crosfield pic says that while trading conditions in most of its industrial markets have continued to improve, its food agriculture and plantations divisions are falling behind. "When we announced operating profits for the first six months at 20 per cent
        Reuter  -  176 words
      • SHIPS IN PORT
        • Article
          AT CONVENTIONAL WHARVES
          543 11 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure JurtMlg Port Aprt Gl J3E/93 P096 1812/S2300 1912/2300 API V>* 01/93 J10 akwpaje 18.12/0800 Bar«to» Nave 21EB P08A 17 12/2300 20.12/1500 AUantic Pnde STA-19 116/17 atongside 18.12/2200 Batam Speed3 ****** P01A 17 12/2000 17 12/2300
          543 words
        • Article
          CONTAINER SCHEDULES
          1450 11 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS »»p Voy Wo Container! nifabte SMp Voy Wo Cwtwwn nMk Otante 171 COO(EST) 16.1293 2300 E Order 0055W COO(EST) 17 12 93 2300 Perkasa 12* COO(EST) 17 12 93 0700 Thaw Bhum 06S
          1,450 words
    • FINANCE & COMMODITIES
      • Article
        Sharp rise in flow of Western capital to the region: report
        434 12  -  Increase reflects buoyancy of regional economies By Soh Tiang Keng SINGAPORE There has been a big increase in the flow of capital from the West to Singapore and the region, according to the Singapore Foreign Exchange Market Committee. In
        434 words
      • Article
        Lock icon HK's MTRC to issue up to HK$1b of debt securities
        440 12 Bloomberg Business News HONGKONG The Mass Transit Railway Corp, the territory's largest borrower with more than HK$2 billion (Ss4l2 million) in outstanding debt, will soon be able to issue debt securities in a variety of currencies up to HK$l billion.
        Bloomberg Business News  -  440 words
      • Article, Illustration
        Dollar recovers from low
        356 12 DBS Weekly Currency Review US$/DM: Bulls waiting to charge? THE US dollar recovered from a low of 1.6903 to reach a high of 1.7207 on Wednesday, before easing to 1.7060 on Thursday. Resistance is seen at 1.7290, then 1.7460. On the downside, support may be found
        356 words
      • Article
        Lock icon Dickson Construction selling 22m mark bonds
        197 12 Bloomberg Business News HONGKONG Engineering and construction services company Dickson Construction International Ltd is selling convertible bonds worth 22 million Deutschemark (5520.3 million) through underwriters led by Nomura Bank (Deutschland) GmbH. In a statement to the Stock Exchange of Hongkong, Dickson said Nomura, Bayerische
        Bloomberg Business News  -  197 words
      • Article
        UBS plans joint venture with Thai finance firm
        236 12 BANGKOK Union Bank of Switzerland is planning a joint venture with a local finance and securities Firm as part of a major Asian expansion plan, the Bangkok Post reported. The bank, Switzerland's largest, recorded an 89 per cent increase in profits in
        236 words
      • Article
        Lock icon Commodity prices unlikely to recover soon
        204 12 Reuter LONDON Commodity prices are likely to rise over the longer term, boosted by a new treaty to free up world trade, but most markets expect little recovery any time soon, analysts said on Thursday. "The benefits are not equivalent to a one-off bonanza
        Reuter  -  204 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        139 12 NEWS of non-tightening by the Federal Reserve as inflationary pressure in the US remains low caused an initial flurry of activity in the US$/majors exchange market. The market, however, settled into a tight range soon as participants squared positions ahead of the weekend and the
        139 words
      • Article
        Lock icon New York
        86 12 AFP NEW YORK The dollar was mixed yesterday in calm trading. Gold opened at U*****.75 an ounce, up 75 cents from Thursday's close. At 1430 GMT. the dollar was trading at 1.7080 German marks, down from 1.7100 on Thursday. It was unchanged at 109.80 yen. The greenback rose
        AFP  -  86 words
      • Article
        Lock icon London
        193 12 Bloomberg Business News LONDON The dollar ended lower against the deutschemark in inactive pre-Christmas trading yesterday as the yen slid against both currencies on an official call for further Japanese interest rate cuts. The dollar rose briefly above 110 yen and the mark rose a quarter yen to 64.55
        Bloomberg Business News  -  193 words
      • Article
        Lock icon Interest rates seen aiding gold demand in 1994
        209 12 Reuter LONDON Gold, with its low carrying costs, should remain an attractive investment next year as low interest rates ensure plenty of activity, analysts said. "We'll see gold rising sooner rather than later," Nick Knight, head of strategy at Nomura Bank, London,
        Reuter  -  209 words
      • Article, Illustration
        Untitled
        1600 12 Trade-weighted index calculated against Spare s tap 14 trading partners. Base year I9gs US$/S$ forward rates Noon Dec 17 s$ BU Ofler 1-month 1.5943 I 595* 2-month 1.5943 1.5954 Vmonth 1.5943 I 5958 6-month 1.5936 I 5956 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at lOaai m Dac
        1,600 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end firmer in late buying
        1343 13 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended higher in a bout of late buying yesterday, as investors reacted to a newspaper report that the Federal Reserve is unlikely to raise rates soon. The Washington Post quoted anonymous Federal Reserve officials as
        Reuter  -  1,343 words
      • Article
        KL tin rebounds 14 cents
        600 13 COMMODITY REPORTS Tin TIN closed 14 sen higher at MS 12 a tonne yesterday after a higher London market overnight prompted some keen European and local buying. Traders noted an opening bid of 152 tonnes against offer of 24. Final turnover was 65 tonnes, against
        600 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Japan Oct cotton yarn output down
          105 13 TOKYO Japan's total cotton yarn production in October fell to 127.000 400-pound bales, down 17 per cent from a year earlier, the Japan Spinners' Association said yesterday. Total October cotton yarn production was equivalent to 23.042 tonnes. Imports of cotton yam and products rose
          105 words
        • Article
          India aluminium surplus seen
          84 13 NEW DELHI India will remain a surplus aluminium producer in fiscal 1994-95 (April-March), contradicting an earlier government forecast that said the country would become an importer for the first time in several years, government and trade officials said. The government forecast had indicated that aluminium output
          84 words
        • Article
          Yeltsin to repeal state gold monopoly
          80 13 MOSCOW Russian President Boris Yeltsin will sign a decree soon to end the state monopoly on purchasing gold and allow foreign companies to participate in Russian gold production, the government press office reported. According to the final draft of the decree, quoted yesterday at
          80 words
        • Article
          Three firms sign Viet LPG deal
          70 13 HANOI French. Thai and Vietnamese enterprises have signed the first joint-venture contract to distribute liquefied petroleum gas in Vietnam, corporate officials said yesterday. The contract was signed on Thursday by the French oil firm Total, the Petroleum Authority of Thailand and Vietgas. An LPG
          70 words
    • Article
      COMMODITY PRICES
      1603 13 Rubber HAS Commodity Exchange (futures dosing as at lpm) RSS I Contract (S cents/kg) Close Volume Open Month High Low Sctl (tonnes) Interest Jan 94 OOO OOO 132 50 0 150 Feb 134.00 134.00 134.00 100 4.425 Mar 134.75 134.75 135.50 100 6.725 Apr/Jun 138.00 136 75 137.50
      1,603 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1238 14 +5.4 THE Australian share market closed slightly stronger yesterday but off its highs after early buying orders evaporated and BHP's strong profit result worked through. Brokers said BHP's strong interim net profit of AS64O million (*****.3 million) for the six months to November had already been factored into the
        1,238 words
      • Article
        Taipei
        584 14 -57.11 Taiwan stocks closed lower on heavy profit-taking from five straight days of strong gains, although brokers said general sentiment remained optimistic. The weighted index ended 57.11 points down at 5.274.76 in hectic turnover of NTS 108.75 billion. All sectors except food fell, and selling was particularlyheavy in plastics,
        584 words
      • Article
        Seoul
        447 14 +3.38 A rally in primary blue chips and strength in low price-to-book ratio counters prodded the market to another high for the year, despite selling pressure, particularly in securities issues, that partially eroded a ninepoint peak, brokers said. The composite index added 0.39 per cent, to close at 874.10.
        447 words
      • Article
        Manila
        595 14 +47.46 Share prices closed at new all-time highs as investors swamped the exchanges to position themselves for next year, brokers said. The Manila composite index rose 47.46 points while Makati climbed about 45 points. Philippine Long Distance Telephone Co's (PLDT) USS25/8 rise overnight to USS6S-1/4 in New York further
        595 words
      • Article
        New Zealand
        350 14 -18.72 New Zealand shares ended lower after the government's sale of its 6.7 per cent Fletcher Challenge stake acted to depress prices. The NZSE-40 capital index ended at 2.080.50. down 18.72 points, and Fletcher ended 10 cents down at NZ53.33. The Fletcher forest share, however, gained one to
        350 words
      • Article
        Bombay
        15 14 closed Brokers at the Bombay Stock Exchange boycotted trading for the fourth consecutive day.
        15 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        857 14 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 18 6400 18 6«» Mim Jersrs Ciih 0 1841 0 1942 Mim Ma* I ncome I 0800 *1 1200 ISS CaU Income Plus r und 10 7 600 II JJOO PS S R«nt Fund 5 1200 5 I V» Miaou 0
        857 words
      • Article
        London
        656 14 +25.9 UK shares ended at yet another all-time high but were below the day's best level as dealers scaled back prices during quieter afternoon business. Underlying optimism for interest rate cuts early next year amid hopes for a steady pick up in the economy and corporate earnings powered investor
        656 words
      • Article
        Paris
        129 14 +36.18 French shares finished the session near the day's highs with futures-led buying, particularly by domestic players, prompting the strong gains, dealers said. They said expectations of rate cuts were boosting share prices, while players were window dressing before the year-end. The CAC-40 index ended up 36.18 points, or
        129 words
      • Article
        Stockholm
        147 14 +o.lpc Swedish shares ended the week slightly higher as a decline in index-heavy Ericsson was absorbed by rises in Astra and Volvo. The number of deals was low partly because of the approach of Christmas. The all-share index edged up 0.1 per cent to 1,345.44 in high turnover of
        147 words
      • Article
        Milan
        157 14 1.36pc Shares ended higher as optimism over the 1994 budget's progress through parliament combined with an easing of political worries to spur sentiment, traders said. The Chamber, or lower house of parliament, approved a package of measures to cut 31 trillion lire from next year's deficit. The other parts
        157 words
      • Article
        Amsterdam
        309 14 +4.08 Dutch shares rose to close with a 1 per cent gain in the index and dealers said sentiment was firm enough for further gains next week. The EOE index finished up 4.08 points at 398.96 and dealers were confident it would breach the 400 level next week. Short-covering
        309 words
      • Article
        Zurich
        232 14 12.19 Strong demand in chemicals and in Nestle led Swiss shares to a new record close. Dealers said the market was likely to rise next week as investors still had ample funds to place ahead of the year end. The broad SPI rose 12.19 points to 1,817.40 while the
        232 words
      • Article
        Frankfurt
        149 14 +0.63pc 4 German share prices cldsed the official session firmer in low volume. The DAX index closed up 0.63 per cent, or 13.57 points, at 2.151.02. Frankfurt Dec 15 DM \ct 16)10 -2«0 B ASF yf 00 *50 BMW 667 00 -5 00 Ba\rr 344 HO -6 50 Bayer
        149 words
      • Article
        Brussels
        162 14 +0.72 Shares were mixed at the close after a volatile session marked by selling pressure related to the expiry of December options and futures, and by more end-of-year position squaring. The Bcl-20 index was 0.72 points up at 1,421.68 at the close after trading in a 13-point range throughout
        162 words
      • Article
        Johannesburg
        300 14 12 Johannesburg Stock Exchange shares led by heavyweight De Beers ended lower in thin trade and dealers said although the undertone was still firm the pull-back was welcome after recent dramatic gains. The gold index ended 38 points or 1.8 per cent lower at 2.088 while the industrial index.
        300 words
      • Article
        Toronto
        275 14 +3.08 Stocks firmed slightly in quiet early dealings yesterday led by shining precious metals which offset losses in mining and transportation. The TSE 300 composite index edged up 3.08 points to 4.219.25 in early turnover of 10.94 million shares valued at CS 150.75 million. Advancing issues led declines 185
        275 words
      • Article
        New York
        777 14 10.62 The Dow Jones industrial average was ahead 10.62 points to 3,736.76 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.82 to 256.97. while Standard Poor's 500-stock index was up 1.42 to 464.76. Advances pounded declines 1.192-577 among the 2.502 issues crossing
        777 words
    • Article, Illustration
      Lock icon HONGKONG
      3022 15 Reuter HONGKONG Hongkong's bull run showed no sign of running out of steam as the Hang Seng Index climbed 229.20 points, or 2.22 per cent, to reach another record close of 10,568.86 yesterday. "The prevailing attitude seems to be load the truck up and go for bust," said director
      Reuter; Source: Bridge Info  -  3,022 words
    • Article, Illustration
      CHINA
      550 15 THE CLSiVShanghai B Index edged up 15.74 points to 996.35 yesterday. Dajiang surged 10 per cent on the rumour of coming cash injection from Chia Tai Shanghai International. Pilkington rebounded in heavy trade to close at USS 1.250. The major losers were China TM and Chlor Alkali, which dropped
      550 words
    • Article, Illustration
      Lock icon TOKYO
      2472 15 Reuter TOKYO Stocks jumped at the close with the Nikkei average ending above 18,000 for the first time in a month. Brokers said the market tested higher levels all day, following firmer futures. Dealers tried to pump up the market as Japan Tobacco Inc may apply next week to
      Reuter; Source: Bridge Info  -  2,472 words
    • Article, Illustration
      Lock icon BANGKOK
      1846 15 Reuter BANGKOK Thai stocks shed most of their morning gains in late afternoon trade yesterday with the focus on finance, brokerage and property shares, brokers said. The SET index gained 1.17 points to close at 1.513.83 on heavy turnover of 25.66 billion baht. It had climbed to a high
      Reuter; Source: Bridge Info  -  1,846 words
    • Article, Illustration
      Lock icon JAKARTA
      1136 15 Reuter JAKARTA Stocks closed higher across the board in an upbeat mood, supported by wide local support, brokers said. The composite index ended at 556.95. a gain of 3.59 points. "Broad local speculative buying pushed up share prices across the board." said a broker. "I am afraid there may
      Reuter; Source: Bridge Info  -  1,136 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2836 16 Source: Bridge Info Source: Bridge Info Gr Cr IW lisl Vol !)•> U-i yw»if l)i« Ih* Id Nrt M C ap lliKh Loo (ompans Sale (KUOl ll*h Low Buser Seller (~«r S P/E Smil MALAYSIAN STOCKS 220 102 USB 50c 217 cd +10 73 220 210 217 220
      Source: Bridge Info  -  2,836 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Investors focus on second liners
        5935 16 Bernama KUALA LUMPUR Share prices finished higher yesterday despite profit-taking in index-linked shares as bullish investors went on a buying spree of second liners. The Emas Index of main board shares firmed 1.61 points to 333.78 but the Composite Index dropped 3.06 points to 1.109.53.
        Bernama; Source: Bridge Info  -  5,935 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7293 17 MAIN BOARD Transaction date: Dec 17 Gr Or 1993 Last Vol Day LmQm Dt» W» N«« M Cap High Low Compaay Salt (TOO) High Low Batrr Seller Or P/E Ml INDUSTRIAL AND COMMERCIAL 1400 260 I Vma 1260 -30 27 12*) 1260 1260 1280 12.5 2.1 1.0 54.5 868 5
        7,293 words
      • Article, Illustration
        Lock icon STII eases, second liners take centrestage
        1723 18  -  By R Sivanithy SINGAPORE After setting six consecutive closing records, the Straits Times Industrials Index finally eased yesterday, while most of the action continued to focus on second liners and laggards. The STII opened trading strongly, and briefly crossed the 2,300 mark to reach
        Source: Bridge Info  -  1,723 words
      • Article, Illustration
        Inchcape
        143 18  -  HOT STOCK By Paul Leo INCHCAPE has been ranging between $5.40 and $6.40 since April. At yesterday's closing of $5.70, it is a low-risk punt. The technicals indicate that the selling pressure is diminishing and an upturn is expected soon. Volume has been declining since mid-October as the stock
        143 words
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      871 6 BUSINESS TIME S TOLL-FREE TEL. No. 1-BQO-741-1883 FAX 741-1298 INTHEMATTUOr SINO-A.FRO PROPERTIES CONSULTANT PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE Or FINAL MEETING NOTICE IS HEREBY GIVEN punuaM to section 300 of the Complies Act. (Chapter JO) that the Final Meeting of the Members of the abovenamed Company will be
      871 words
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      1475 7 I ERASER AND NEAVEIIMITED (INCORPORATED IN THE REPUBUC OF SINGAPORE) #21-00 Alexandra Point, 438 Alexandra Road, Singapore 0511. Tel: (65) 272-9488. Fax: (65) 271-0811. RESULTS FOR THE YEAR The directors are pleased to make the following preliminary announcement of the unaudited results for the year ended 30th September 1993:GROUP COMPANY
      1,475 words
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      1675 8 <•> V CENTREPOINT PROPERTIES LTD (INCORPORATED IN THE REPUBUC OF SINGAPORE) #21-00 Alexandra Point 438 Alexandra Road, Singapore 0511. Tel: (65) 272-9488. Fax: (65) 271-0811. RESULTS FOR THE YEAR The directors are pleased to make the following preliminary announcement of the unaudited results for the year ended 30th September 1993:CROUP
      1,675 words
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      1097 9 < H u ASIA PACIFIC BREWERIES LIMITED #21-00 Alexandra Point, 438 Alexandra Road, Singapore 0511. Tel: (65) 272-9488. Fax: (65) 271-0811. RESULTS FOR THE YEAR J The directors are pleased to make the following preliminary announcement of the unaudited results for the year ended 30th September 1993:CROUP COMPANY 5. Extraordinary
      1,097 words
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      668 10 BUSINESS TI M E__S TOLL-FREE TEL. No. 1-800-741-1883 FAX:74t-1298 M THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN TUB MATTER Of BINNIHON MARKETING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At en Extraordinary General Meeting of tie abovenamed Comnerw duly convened and held at 336 SmMh Street tO6-306 New
      668 words
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      Page 10 Advertisements Column 2
      85 10 YOUR DAILY GUIDE The Stiaits Times Classified. The only buyer's/ seller's guide that's updated everyday. Whether you need a puppy or a good home for one, Classified has what you're looking for! Just call 737-1166. 737-**** You may have been unable to get your Business Times, Straits Times, Sunday Times,
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      Page 10 Advertisements Column 3
      14 10 Thailand may merge major petrochem firms. Page 3 Dividends table has been held over
      14 words
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      Page 10 Advertisements Column 4
      238 10 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883* FAX:'74I-1298 Vss/yyfr Applications are invited from PILOTS possessing the following licences, qualifications/experience. ■KIP ATPL issued by UK, USA, CANADA IRELAND, AUSTRALIA, NEW ZEALAND with Instrument Rating and Aircraft Rating on A3lO-300. Wtmm Total Flying Experience of not less than 8000 hrs and 1000 hour
      238 words
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      187 13 A Business Times Promotion RESULTS NEIL SEDAKA IN CONCERT CONGRATULATIONS TO Ang Richard *****07/ C Chia Nancy *****55/ C Bin Chin Kwee *****73/ D Choo Bock Eng *****69/B Choo Wee Jiang *****68/Z Foo Patricia *****17/H Goh Bee Lian *****17/H Heng Puay Tiang *****68/E Lee Khim Chye .*****13/H Liew Yee Fatt
      187 words
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      Page 13 Advertisements Column 2
      37 13 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead gSSRSSI VF offers Bp the most ■p current IF list of Job Bt~ opportunities ■P available. 11l
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      42 17 Estabtafwd dno* 191# ANTIQUE£ESTATE W\ V |Bi Shangri-La hotel SkxMmofOLA.Cm**dOman* Tel: 732 5689 p ATEK Philippe Manufacturing jewellers since 1919 CHRONOGRAPH Call 24 hours a day for shares to buy, coming issues results of your share application. Cost 50 oents p*r minute
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      257 18 Another tough day is unavoidably ahead. There's the budget to hammer out with cx)lleagues. As you sip your favourite Lipton's, you turn to your other cup of tea Business Discourses on marketing, technology, management, financial markets richly add to your expertise and experience. And very refreshingly too, Business Times shows
      257 words
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      Page 18 Advertisements Column 2
      202 18 Personal Finance and Investment,. every Saturday in Executive Lifestyle Play market guru and win yourself a royal ride on the Eastern Oriental Express! Could you do with a weekend of royal luxury? Business Times is offering readers a chance to get away from the hustle and bustle of city life
      202 words
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  • Executive Lifestyle
    • Article, Illustration
      Christmas perspectives
      1672 19  -  What does Christmas mean to people? Is it about the birth of Christ, or is it just a time for making merry? Jaime Ee asks around Jaime Ee THE week before y I Christmas and all through I the town, one woman is fleeing like a fowl about
      1,672 words
    • STRAWS IN THE WIND
      • Article
        Screen talk
        46 19 OVERHEARD at a cinema box office. A man said to the ticket-seller "I want to see AhLay." The puzzled counter lady replied: "Ah-Lay? Oh, you mean RA? Okay, you want to see Jam, Jam lah!". She meant the Spanish movie, Jamon Jamon, of course.
        46 words
      • Article
        Private enterprise
        43 19 TELEPHONE operators say the darndest things: one reporter called up a big retail company one day and asked to speak to someone in the public relations department. After a short pause, the operator replied: "Sorry, we don't have a public relationship."
        43 words
      • Article
        Paper chase
        46 19 YOU've heard the old joke about Singapore being a "fine city" because you get fined for littering, smoking, etc. Here's the latest one. Singapore is now known as a "tender loving country" because Singaporeans love to submit tenders for everything from COEs to shares.
        46 words
      • Article
        No strings attached
        38 19 PUNTERS keen to snap up the new Pan United public offer had reason to scratch their heads at an OCBC branch. Above one of the boxes of forms was this handwritten sign: "Pan Untied offer".
        38 words
    • OPINIONS
      • Article, Illustration
        Russian nationalism makes a dramatic showing
        1195 20  -  John Helmer says Vladimir Zhirinovsky just put a face to a growing force in Russian politics which the West has been slow in perceiving John Helmer The writer is BT's Moscow Correspondent THE ONE surprise about the election success of the Russian nationalist, Vladimir
        1,195 words
      • Article
        SES has already introduced an electronic settlement system
        284 20  -  Peter Chia Public Affairs Manager Stock Exchange of Singapore Ltd IN HIS letter, "CDP should tap technology to eliminate paper shuffling" (BT, Dec 11/12), PJ George suggested that the Stock Exchange of Singapore follow London's attempt to introduce an electronic settlement system.
        284 words
      • Article
        Ball aims for the top spot
        155 20  -  Eugene Seow Regional chairman Euro RSCG Ball Partnership Singapore I REFER to the article titled "Ball attempts to get back on its feet" (BT, Dec 3). We are, in reality, firmly on our feet and the restructuring process we have now completed across some
        155 words
    • PROFILE
      • Article, Illustration
        Lock icon The two faces of Anthony Hopkins
        2503 21  -  Anthony Hopkins, star of The Remains of the Day and the soon to be released Shadowlands, excels in playing unavailable men. Off screen, however, this specialist in restraint is alluringly open about himself. Alex Witchel falls under his spell Alex Witchel NYT IN THE
        NYT  -  2,503 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          Lock icon BT SENTIMENT INDEX (DEC 20-24)
          590 22 P4O or responoenis Those polled on their views of the Singapore stock market for the week ahead: Baring Securities. C rosby Securities. Daiwa Securities. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. OCBC Securities. Peregrine Securities. Phillip Securities. Smith New Court, 11 I
          Source: Bloomberg  -  590 words
        • Article, Illustration
          In my opinion...
          241 22  -  Norval Loftus Senior capital market analyst Thomson Financial Services (Singapore) 4 JT UCH of the global foreign J. V JL exchange and interest rate outlook for 1994 will be based on the direction of the G-3 central bank policy, as the German Bundesbank and Bank of Japan
          241 words
      • Article
        Star performance from second liners and laggards
        1620 22  -  Taking stock of 1993 R Sivanithy reviews the stocks that have provided investors with the highest returns this year R Sivanithy THE BULL run in the stock market this year has pushed prices to record levels, with institutions and retail investors reacting to
        1,620 words
      • Article
        1993 a good year for most sectors of S'pore bourse
        1376 22  -  Shiv Taneja reviews the performance of various sectors of the Singapore stock market Shiv Taneja IF YOU had put your money into the stock market in 1993, you might have picked shares without really looking at which industries or sectors
        1,376 words
      • Article, Illustration
        Lock icon 1993 belongs to the yen and deutschemark
        980 23  -  The year in review But the two currencies are likely to weaken next year, says Paul Leo Paul Leo THE US dollar will be the currency of the year in 1994 but there are several contenders vying to be the currency for 1993.
        Source: Bloomberg  -  980 words
      • Article, Illustration
        Better returns from stocks turning buyers away from club memberships
        895 23  -  Shahiron Sahari on why the BT Golf Index has remained stagnant Shahiron Sahari OWNING golf club memberships may not be as good an investment as it has been in recent years, judging by the almost stagnant Business Times Golf Index
        895 words
      • Article, Illustration
        Lock icon Creative and Media Vision: a tale of two multimedia stocks
        699 23  -  Joseph Rajendran finds some good fundamental reasons to choose Creative Joseph Rajendran INVESTORS should think twice if they are thinking of joining the mini-bull run that has taken the Media Vision stock to new highs at about US$39 (Ss62) a
        Source: Bloomberg  -  699 words
      • Article
        Untitled
        690 23 Next publication da X .iMfei Deposit amount 1-wk 1-mth 3-mth 6-mth Deposit amount 1-wk l-mth 3-mth 6-mth 50.000 Above 3.0000 4.0000 4.0000 4.0000 cs SS5.000- US$20,000 Above US$150,000 ECU Below US$5,000 Above US$5,000 A$ S$5,000- US$20,000 Above US$150,000 2 5000 3.2500 ***** 5.9375 2.1250 ***** 2.3750 3.1250 0.0000 5.8125 2
        690 words
    • Article, Illustration
      Lock icon Shopping smart
      1386 24  -  It's shopping frenzy time and Jaime Ee offers some survival tips for Orchard Road-weary gift-buyers, while Susan Tsang compiles her gift suggestions Jaime Ee Susan Tsang CHRISTMAS shopping begins, invariably, on a happy, ideological note where you look at your gift list and stupidly think you will have
      Photos by Chris Loh  -  1,386 words
    • Article
      Striking the right note for Christmas
      553 25  -  By SHAHIRON SAHARI Christmas CDs DAVID FOSTER: The Christmas Album This album by the sought-after producer is packed with a litany of current pop chartists and is a slick and polished album you can buv without really going wrong. From older generation stars like
      553 words
    • SPORTS
      • Article, Illustration
        Lock icon Els birdies to one-stroke lead in first round
        588 26 Johnnie Walker World Championship AP MONTE GO BAY, Jamaica Ernie Els turned a probable bogey into an unlikely birdie on Thursday on his way to a onestroke lead in the first round of the Johnnie Walker World Championship. Els, 24, a South
        AP  -  588 words
      • Article
        Lock icon US Open champ Janzen learns to keep cool
        571 26 NYT MONTEGO BAY, Jamaica On the practice putting green at Tryall Golf Club on Thursday, Lee Janzen was calmly stroking putts. The tropical sun was beating down and the humidity was wrapped around the island like a hot towel, but Janzen's unlined
        NYT  -  571 words
      • Article
        Lock icon No Jordan, no burden, much laughin'
        783 26  -  Harvey Araton finds the Bulls' supporting cast enjoying the limelight Harvey Araton NYT BOSTON In the Chicago Bulls' locker room, Scottie Pippen was in uniform but wearing wire-framed glasses, the kind Charles Oakley and Anthony Mason would love to knock ofT and crush with
        NYT  -  783 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon Baseball
          54 26 AFP BOSTON Boston Red Sox slugger Mo Vaughn wants the innercity children he works with to know there is more to life than brawls and baseball, so he is taking 250 of them to the ballet. The home run hero said the Boston Ballet performance of The Nutcracker will
          AFP  -  54 words
        • Article, Illustration
          Lock icon Basketball
          65 26 Reuter NEW YORK Star centre Patrick Ewing secured his place in Kjiiclcs history on Thursday when he became the team's all-time leading scorer in New York's 108-85 rout of the Los Angeles Lakers. NBA Thursday: New York 108 LA Lakers 85; Atlanta 81 Indiana 99; New Jersey 111 Charlotte
          Reuter  -  65 words
        • Article
          Lock icon Cricket
          53 26 Reuter COLOMBO Sri Lanka captain Arjuna Ranatunga on Thursday guided his side to a three-wicket win over West Indies only their second win in the 18 one-day internationals the two countries have contested. Chasing West Indies's total ofT 229-8 off 49 overs, the Sri Lankans won with five balls
          Reuter  -  53 words
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          Lock icon Golf
          111 26 Reuter MONTEGO BAY, Jamaica Johnnie Walker world championship first-round scores on Thursday (par-71)c 66 Ernie Els (SA) 67 Larry Mize (US). Colin Montgomerie (GB) 68 Steve Elkington (Aust) 69 Fulton Allem (SA), Brad Faxon (US). David Frost (SA) 70 Gordon Brand (GB), Nick Faldo (GB) 71 Costantino Rocca (Ita).
          Reuter  -  111 words
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          Lock icon Motor-racing
          54 26 AFP WOKING, Englaad Retired world drivers' champion Alain Prost is being chased by McLaren for their Formula One team next year. Ron Dennis, managing director of the English outfit, hinted here on Thursday that he has been trying to persuade the Frenchman to change his mind about quitting the
          AFP  -  54 words
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          Lock icon Soccer
          65 26 AP LAS VEGAS An overhaul of the World Cup draw could help the US in next year's tournament. But the top six seeds host America, Germany, Brazil, Belgium. Argentina and Italy won't change. FIFA, soccer's world governing body, on Thursday revamped the way Sunday's draw will be conducted. It
          AP  -  65 words
    • PEOPLE
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        Lock icon Double happiness at Esso
        293 26 AMERICAN oil major Exxon Corporation received the Distinguished Partner in Progress Award from the government during its centenary dinner on Monday. Deputy Prime Minister Lee Hsien Loong, who presented the award to Exxon, led the list of prominent people who graced the event held at Westin
        Photos by Chris Loh  -  293 words
    • TIME OFF
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        A tale of success on the next page
        805 27  -  Shahiron Sahari discovers a cosy pub where the single girl can go to without being picked up Shahiron Sahari IT IS something of a given now that when you go to the successful nightspots in Singapore, there will be a good mix
        805 words
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        PERFORMANCES
        477 27 Double This offering by Necessary Stage comprises two plays. The first. My Father Is A Teacher, is a story about a shy and sensitive boy coming to terms with the twisted morals of his dad. The second. Blood Cages is actually two plots set in different times. Today. 2.30pm
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        CONCERTS
        260 27 SSO Concerts Lim Yau conducts the SSO and the Singapore Symphony Chorus featuring baritone Samuel Chong. They will perform Vaughan Williams' Fantasia on Christmas Carols and John Rutter's Carol Arrangements. Today. 8.15pm at the Victoria Concert Hall. Tickets at $4. $7, $10. $15 and $25 available from all Sistic
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        FILMS
        87 27 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. spm
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        EXHIBITIONS AND TALKS
        787 27 Sculptures by Anton SmK South African artist Anton Smit will present 30 sculptures of stone, wood and bronze. Today. I lam to 7pm at the Swee Guan Art Gallery, Mohamed Sultan Road. The Way of the Buddha A collection of Buddhist art from sculptures to narratives. Till
        787 words
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        AT THE SUBSTATION
        161 27 Mirror/Image A doublebill feature consisting of three monologues and a play about parents, children and how similar/different they are. Today. Bpm at the Guinness Theatre. Tickets at $10. The Royal Beansprout A must for all veggie fans! Presented by Playground, Cucumber Company, this comedy encompasses hula-hoop duels,
        161 words
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        TICKETS
        99 27  -  Compiled by Christopher Toh Les Miserables 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 are
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    • EPICURE
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        Time to watch those tummies
        697 28  -  The season to be jolly can also end up as the season of indigestion, hangovers and sore throats. Susan Tsang has some tips on how to feast healthily this Christmas Susan Tsang IS the season J I to be jolly. Tis also the season I
        697 words
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        Sensible selections
        562 28 ALL YEAR long, we've been bombarded with keep healthy messages exercise, eat right. Now, after a year of brainwashing, it's the time when we traditionally reward ourselves at the festive board for finishing our Christmas shopping, for seeing the year out, and for any other excuse we feel
        562 words
      • Article
        Dinner with a difference
        656 28 PLANNING to host a Christmas celebration this year? Yes, there's the usual ham or turkey. But a bold gift for your friends (if you and they are ready to try anything) would be to serve food that is guaranteed not to put the system out of
        656 words
    • Article, Illustration
      CINEMA
      1064 30 Addams Family Values. Raul Julia, Anjelica Huston and their creepy, ooky family are back, with a little addition. Midnight tonight at Lido 1, Prince 1, Chinatown 2, Jurong 4. Changi 2, Republic 2, Empress 1 3. Pavilion, Bishan and Yishun. spm today at Pavilion, Bishan and Yishun. Demolition Man.
      1,064 words
  • Page 19 Advertisements
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      55 19 i^^SSssl I—MW| I The way of turning shares into wwi^s4m lwlo ,BAW SS3S U,,,7-D i 1 M TO WARSAW (POLAND) AND EUROPE EVERY TUESDAY AND SATURDAY, ON BOEING 767 CHANGI AIRPORT TERMINAL 1 For reservation information, call LOT GSA: SIN POL TRAVEL SERVICE PTE LTD Tel: 221 0116, Fax: 223
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      100 20 BUSINESSTIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 KUWAIT AIRWAYS iSgt&ZZrtJ&fl .MM Urgently Requires jk I 1-—-- 1- r iimmiimmmwwnmJii. KUWAIT AIRWAYS Qualifications: Singapore Nationality Female, single, age between 20-28 Minimum GCE A' level qualification Height minimum 160 cm to maximum 175 cm Weight in proportion to height Good eye sight,
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      212 20 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. BUSINESS TIMES/ANNE KLEIN FEMALE EXECUTIVE WORKWEAR PROMOTION vww»X'v i B j^sJP WSmm jW —Mfr mfj J 1 %Mml 1 ,if.^' If you think of Business
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  • Page 20 Miscellaneous
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      Page 20 Miscellaneous Column 1
      80 20 COM T vou G6T\ De*R FACTMCR CWtfISTViAS, fcp\M CORROU) No\jtc\ V owe OF own Vdrtf. C AMOOATtO WWtKM ITO ItUtMl &<cfe— ,0-^ DOONESBURY GARRY TRUDEAU AUCE.A& tt/H ALSO, OeCKThe bottom] FZljxg /9/2 I vouumeme hmmr B Lte/notUGoaptsTHe \f l rrsuxz vouu&e. 6CLPGNA66 seen AW B PANHANDUt*j NDkJCOM- ■> mrfi t
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      281 21 Booms and Busts f Is history about to repeat itself or are J we entering the golden age of the fMI Asian stock market? Li *Otj ALSO IN THIS ISSUE: P 8 8&T The hard road to franchising 2** s A blitz of business news Sri Lanka: Telecommunications paradise? Goodwood
      281 words
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      33 22 Recharge Your Batteries With Water 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.
      33 words
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      72 25 11 m I <^B V j)H fc vw *111^l^&.m m. 1^ H@fc B fl faS? JB CRE E J ACKET W,TH SEQU,N LAPEL 5139 00 LONG SKIRT 589.00 MERCHANDISE AVAILABLE AT DAIMARU LIANG COURT ONLY. WHILE STOCKS LAST DAIMARU LIANC COURT TILL 10.00 PM ON DEC. 24-25. TILL 10.15 PM
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      16 25 .flf'f j; I 1 ififTJ f t^Kl *c: FJ k ii *[•■'s J* M jnrj ja^l
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      64 26 Above* Beyond Plr Lid 1 Maritime Square *02-101 Expo Gateway TH: *****42 C artma W j»ch C enti* FV Lid *01-36 Raffles Cily ShoDDine Cpnim T«i u«m *01-32 Lucky PlazaTrl: ***** M Driw Itmrn Wa>d» fc )eweUety IV Ltd >01 l»/20 Onlrtpo.nl Tel *****3*. toy ElmW**# Jrttflt^TfcUl*ol 74 Model No.
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      16 27 PLAY SMART Be part of the good life. Lifestyle. Everyday. iINOAKJKti f Business Times ft KMJWAMA
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      86 27 f 27th December 1993 I Time Bpm I VWU Sin^PW# ,wloof StacSlum t» V Tickets are available at al SISTtC outlets i ml Fonim The Shopping Mai. Scotts Shopping Centre. 7 H Raffles Cly Shopping Centre, Specwa c I Shopping Centre. Liang Court. Victoria Concert Hal. i V V Cold
      86 words
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      236 28 CHRISTMAS NIGHT MENU (By Reservations Only) Vol A* Vent (Pastry salted puff shete) v*h Mushrooms Pamn Ham and Melon "Capnooosa" in stuffed tomatoes Lamb stuffed Ravwis in Butter and Sageeauoe *Ao«a Valet Lasagnes Speghettw with Hock Lobsters sauce Roast Turkey Roest Potatoes Fish Filet \Mth Oives BiAter Sauce Carrots PaneQone
      236 words
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      Page 28 Advertisements Column 2
      62 28 Refrigerated Wine Cellar pH| Your perfect answer to wine storage in the tropics Model 999 Capacity up to 144 bottles Price: 552,525.00 (inclusive of delivery set up m S'pore 12 months warranty Available ex-stock from the Sole Agent: BONIABLE BONTABLE AGENCIES (S) PTE LTD #03-05 Sin Cheong Building 47 Jalan
      62 words
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      719 29 M Nothing Beats A Bud. OF mm (jy27VUS€I HOTEL 200 Orchard Boulevard Singapore 1024 Te1:737 2911 mm* mm y V 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
      719 words
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      Page 29 Advertisements Column 2
      351 29 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. wgp Choose from an astonishing variety of savoury and sweet favourites. And if that's not enough, our tea special also includes karaoke at Singsation, Singapore's only theme Karaoke lounge. So pop over to
      351 words
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      Page 29 Advertisements Column 3
      356 29 iljte LUNCH ACROSS A INTERNATIONAL A BOUNDARIES DURING hf j, DECEMBER Jjjfft Festive fare and variety. An irresistible 4==== combination that makes Top of the M a "must" lir lunch destination for December. jl For reservations, please call 734 6151 739 8438. Seasonal Buffet I'll 1 Dec -15 Dec Noon
      356 words
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  • Page 30 Miscellaneous
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      Page 30 Miscellaneous Column 1
      2403 30 TODAY'S TV 10.25 Saturday Sports. 10.30 Robotoch 11. AM ctos }}SJ J 1 Women And Men 2: Three Short China's Mosts, 9am, SBC 8 f«T 12.00 NM Mew*. Stories, 9pm, SBC 12 After the terrible Tangshan SBCS ]V >-• PMTV Pondidikau (M). Three tales in this 1991 pro- earthquake, the
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