The Business Times, 25 December 1993
1993-12-25
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The Business Times
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Title Section13 1993-12-25 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Weekend Edition, December 25-26 1993 75*13 words
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Article, Illustration426 1993-12-25 1 R Sivanithy - By R Sivanithy SINGAPORE Shareholders throughout the region were given good reason to celebrate Christmas, as continued bullish sentiment swept four markets to record levels. In Singapore, frenzied interest during the half-day trading session pushed the Straits Times Industrials Index to426 words
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Article, Illustration474 1993-12-25 1 Loh Hui Yin - By Loh Hui Yin SINGAPORE Prime Minister Goh Chok Tong will visit Bangkok on Monday to discuss bilateral and regional issues with his Thai counterpart Chuan Leekpai. The two-day working trip is part of a series of visits by Mr474 words
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446 1993-12-25 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE The Public Utilities Board announced yesterday that it will spend Si.4 billion on development projects in 1994. The lion's share, $1.2 billion. will go towards electricity projects, while $90 million will be spent on gas projects and446 words
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399 1993-12-25 1 AFP TOKYO Japan's Prime Minister Morihiro Hosokawa yesterday outlined a six-point plan to stimulate the economy and said he has instructed his key economic ministers to compile the details of the package by mid-January. "I am extremely worried about the present economic situationAFP - 399 words
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379 1993-12-25 1 Harish Mehta - By Harish Mehta SINGAPORE The Hanoi Bus Company (HBC) and Singapore Bus Service (SBS) may set up a joint venture to run bus services in Vietnam. Vietnamese officials in Hanoi say both sides have shown an interest in379 words
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LATEST
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88 1993-12-25 1 AP NEW DELHI India's finance minister and architect of its free-market reforms has submitted his resignation, under criticism for failing to check a massive stock scandal, a news agency reported yesterday. Government spokesman SNarendra said the report by United News of India wasAP - 88 words
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73 1993-12-25 1 AP TOKYO Japan yesterday reacted sharply to US suggestions that American cellular phone makers are being kept out of the Japanese market. US Trade Representative Mickey Kantor said on Thursday that if evidence of unfair practices is found, Washington will decide by FebAP - 73 words
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41 1993-12-25 1 LONDON Lloyd's of London insurance market faces a loss of around £1.8 billion (554.3 billion) when it announces its 1991 results next year, the Association of Lloyd's Members (ALM) said in its December newsletter. Reuter41 words
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Article, Illustration113 1993-12-25 1 Source: Bridge Info Stock market indices Friday Change Sill 2.326.34 +27.73 KLSE Composite ..1.178.46 +26.22 Nikkei 17.141.11 -304 63 Hang Seng 11.039.8 +158.64 SET Index 1.565.12 +21.60 Jakarta Composite ...560.80 3.26 CLSA China B unav Aust All Ord 2.089 2 +20 4 FTSE 100 3.412.3 +15.8 Friday PruiotwSource: Bridge Info - 113 words
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Page 1 Advertisements
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Advertisement9 1993-12-25 1 Lifestyle Cover Story el i What now, Santa? > XBMNHr9 words
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Advertisement28 1993-12-25 1 Hock Lock Siew: pg 4 Winds of change at Sembawang GLOBAL EQUITIES OUTLOOK, Page EL3 European stocks face uncertain prospects Are equities overvalued? Road map to emerging markets28 words
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Advertisement11 1993-12-25 1 Shopping: el Sheer confusion <! Full reports. Pages 11, 12 and 1411 words
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Advertisement336 1993-12-25 1 $%>/!{);[@;-+[}?:-}|>||/|-=~^{, -4? <■ v WBT 9T J There will be no Business Times on Monday. Publication resumes Tuesday One of the great designs of this century. And probably the next. i lL x Wm /n U| i The Royal Oak Dual Time A single automatic moivment displaying two different time336 words
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Advertisement46 1993-12-25 1 1 CONTENTS fejwv* New 2 4 Repon/World J Financial 5 Futon PI EL3 Martwte Reviews £15 Oob/KLSE. SES 1214 Sports EL6 Repoful Wortd _.ll Tune OH El 4 Currenaes 5 TV/Radn ElB Smm/Cmm A StftecrifbMi Tel 1800 *****77 Fa *****75 IT Editorial Tel *****18 Fax *****7146 words
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THE REGION
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492 1993-12-25 2 FT LONDON China's economy is likely to have produced the world's fastest growth rate in 1993 for the second successive year, in spite of the government's attempts to slow the pace and prevent overheating. Several Western economists who visited China recentlyFT - 492 words
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Article, Illustration787 1993-12-25 2 Reuter HANOI When he was a boy growing up in Hanoi during the *****. Ha Trong Dung's only toys were playthings he fashioned himself from cigarette packs and matchboxes fished out of the garbage. Forty years later, the most popular child's toyReuter - 787 words
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259 1993-12-25 2 Reuter JAKARTA Indonesia said yesterday it would raise the legal minimum wage by 40 US cents a day in the country's capital and its outskirts, but labour activists said the hike was still far from enough. An official fromReuter - 259 words
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Article251 1993-12-25 2 Reuter BOMBAY Bombay stock brokers, on strike for the past 10 days, decided to resume trading yesterday afternoon. The Bombay Stock Exchange 30-sharc Index opened 40.12 points down at 3,414.69 at the end of the protest by brokers angered by a ban on forward trade.Reuter - 251 words
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413 1993-12-25 2 AFP. China Daily Mr Daily BEIJING Chinese consumers. the long-sutTering victims of truculent sales staff and shoddy goods, will come out fighting in the new year following the implementation of the country's first consumer law. reports said yesterday. The legislation, which comesAFP.; China Daily; Mr Daily - 413 words
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224 1993-12-25 2 China Daily BEIJING The government is set to start a civil service system in central and provincial governments, a national conference heard on Thursday. The new system is to be introduced next year. State Councillor Li Guixian told a meeting of leadingChina Daily - 224 words
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189 1993-12-25 2 Reuter ISLAMABAD Prime Minister Benazir Bhutto has approved recommendations to impose Pakistan's first tax on agriculture, the head of a commission set up to review the proposed tax said on Thursday. "She (Bhutto) agrees with our recommendations." said Shah Mahmud Qurcshi, chairman of theReuter - 189 words
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407 1993-12-25 2 AFP. UPI TOKYO Japan's gross national product (GNP) grew 0.7 per cent in the year to March, down 0.1 percentage point from figures announced earlier this year, the Economic Planning Agency said yesterday. The rate of expansion was down from 3.6 per centAFP. UPI - 407 words
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Advertisement75 1993-12-25 2 m. v^ e <x> e Lobster Salad "V with Fresh Fruit Shark's Fin V with Spring Chicken < Deep Fried Prawns "VL* Jr Red Fish with Vw f\y 1 Soya Bean Crumbs I Sesame Lemon Chicken y. C\ w Seasonal Vegetable ■> W" %e> with Black -U\OQ F„od Noodles (775 words
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Page 2 Miscellaneous
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Miscellaneous428 1993-12-25 2 1 WEATHER Singapore: Cloudy with intermittent ram. (Temperature range: 24-28). ftsia-PacMic Mi/lV Com! Earapa Ni/U* Cond Buenos toes 29/18 Cloudy Auckland 21/14 Cloudy Amsterdam 04 0! Cloudy Ctvcaao 01/-8 Snow 31/22 Sunny Atnens :4 06 Sunny MonokAj 26/18 Cloudy Be*r« 03 9 Cloudy Bertn 92 Cloudy Houston 18/01 Snooets BomMy428 words
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REGION/WORLD
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575 1993-12-25 3 Reuter WASHINGTON US President Clinton has ordered his personal lawyer to give federal investigators all relevant papers concerning his controversial investment in an Arkansas real estate deal, the White House said on Thursday. It said the files to be turned over toReuter - 575 words
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500 1993-12-25 3 UPI BEIJING In a last-minute bid to avoid US trade penalties, China has cancelled export rights and cut quotas for five textile companies accused of illegally transhipping their products to the United States. China seems confident the move will also helpUPI - 500 words
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290 1993-12-25 3 AFP WASHINGTON The Unit- I ed States on Thursday an- j nounced a further easing of its I long-standing trade embargo against Vietnam, implementing < a decision taken by President Bill Clinton in September. The Treasury Department J said in a communique thatAFP - 290 words
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239 1993-12-25 3 Reuter WASHINGTON A top US ofTicial said on Thursday that China has not made "real, significant" progress in meeting a Dec 31 deadline to open up its markets further to imports and it could face retaliation. "There has notReuter - 239 words
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WORLD WATCH
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Article68 1993-12-25 3 AP BEIJING China's largest city is trying to curb the annual post-Lunar New Year influx of peasants looking for temporary jobs, an official newspaper said yesterday. The China Daily said Shanghai is drafting regulations that would require employers to get government permission before hiring non-ShanghaiAP - 68 words
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Article, Illustration63 1993-12-25 3 Reuter WASHINGTON It was a winning sum worth crying over Percy Ray Pridgen. 69. being overcome with emotion after winning the US$45 million (Ss72 million) Powerball lottery on Tuesday. The retired bricklayer told reporters he was going to "buy a house in the country" forReuter - 63 words
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69 1993-12-25 3 Reuter MOSCOW A former aide accused Russia's ultra-nationalist leader Vladimir Zhirinovsky, who made a strong showing in this month's elections, on Thursday of establishing dictatorship in his party. Itar-Tass news agency quoted Andrei Zavidia, Mr Zhirinovsky's running-mate in a failed attempt to beat Boris YeltsinReuter - 69 words
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49 1993-12-25 3 Bernama TOKYO Japan's Transport Ministry decided that the nation's first 24-hour airport, the New Kansai international airport, in Osaka, will be opened on Sep 4, 1994, officials said yesterday. The government officially endorsed the opening date at a cabinet meeting yesterday. Be mamaBernama - 49 words
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58 1993-12-25 3 Reuter TOKYO Japanese Foreign Minister Tsutomu Hata will visit China for two days from Jan 8, the Foreign Ministry said yesterday. The spokesman gave no details of the visit, but Kyodo news agency quoted ministry sources as saying Mr Hata and Chinese leaders wouldReuter - 58 words
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268 1993-12-25 3 AFP TOKYO Japan's motor vehicle exports plunged 22.5 per cent from a year earlier to 330,633 units in November, the lowest level in 14 years, the Japan Automobile Manufacturers' Association said yesterday. An association official said the decline, marking seven months of uninterruptedAFP - 268 words
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284 1993-12-25 3 AFP MOSCOW Russia has signed a series of bilateral agreements on military-techni-cal cooperation with seven former Soviet republics ahead of a CIS summit, news agencies reported. Defence ministers from Armenia. Azerbaijan, Belarus. Kazakhstan. Kirghiziya. Tajikistan and Turkmeniya signed the agreements on Thursday atAFP - 284 words
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Article, Illustration77 1993-12-25 3 AFP VENLO, Netherlands Venlo resembled canal city Amsterdam as water from the river Meuse flooded the streets on Thursday. Rescue workers in rubber dinghies patrolled the city to evacuate the last remaining residents. The water level of Meuse was expected to reach its highest pointAFP - 77 words
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531 1993-12-25 3 Troopers still standing firmly by their stories on Clinton's affairs AP WASHINGTON White House officials hope the allegations that President Clinton used his security detail while governor of Arkansas to help arrange extramarital affairs will melt away with the holidays. But they'reAP - 531 words
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277 1993-12-25 3 Bloomberg Business News MEXICO CITY Mexico's Commerce Ministry has decided to levy a permanent 34.5 per cent dumping tariff against American-made hydrogen peroxide. Hydrogen peroxide is an important chemical substance used in the textile, food processing, pharmaceutical, cosmetic and pulp and paperBloomberg Business News - 277 words
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COMPANIES & MARKETS
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Article, Illustration352 1993-12-25 4 Joseph Rajendran - By Joseph Rajendran SINGAPORE Malaysia's Idris Hydraulic says it has no idea of the commercial potential of Myanmar's Sagaing Forest, where it has been linked to a timber concession. Replying to a query from the Kuala Lumpur Stock Exchange, theSource: Bloomberg - 352 words
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Article, Illustration407 1993-12-25 4 R Sivanrthy - By R Sivanrthy SINGAPORE The share price of diversified Malaysian firm Antah Holdings has risen 22 per cent in the past two days on news of a bonus issue and a MS 140 million capitalraising exercise. The company, which isSource: Bloomberg - 407 words
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Article, Illustration368 1993-12-25 4 SINGAPORE St George's Church in Minden Road was filled yesterday. It wasn't a Christmas gathering but an opportunity for family, friends, colleagues and all who had known Charles William Tresise to bid a final farewell. Mr Tresise died, aged 80. on Dec 22. leaving368 words
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Article800 1993-12-25 4 Rahita Elias - HOCK LOCK SIEW By Rahita Elias SINGAPORE The winds of changc arc blowing through the Sembawang group. And the main source is Philip Yco, the chairman of the Economic Development Board who will also be Sembawang's chairman from Jan 9. Mr Yco is taking over800 words
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171 1993-12-25 4 Bloomberg Business News TOKYO Two of Japan's battered corporate giants. Mitsubishi Kasei and Mitsubishi Petrochemical, announced yesterday that they would merge in an effort to defend themselves against global competition. Japan's top integrated chemical producer. Mitsubishi Kasei. and its biggest petrochemical company. MitsubishiBloomberg Business News - 171 words
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COMPANY BRIEFS
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71 1993-12-25 4 Bloomberg Business News HONGKONG San Miguel Brewery says it is not involved in any negotiations or agreements that could have caused Wednesday's 32.6 per cent rise in its share price. The beverage company's comment came at the request of the Hongkong stock exchangeBloomberg Business News - 71 words
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79 1993-12-25 4 AFP MANILA Local subsidiaries of Volvo and Beijing Jeep have applied to assemble vehicles in the Philippines in a bid to enter the local automotive market. Scandinavian Motors Corp is offering to tie up with a local firm. Commercial Motors Corp. to set upAFP - 79 words
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82 1993-12-25 4 BANGKOK Thailand's Securities and Exchange Commission may ask Taiwanese shareholders to sell an illegally acquired stake in Vitacor as a penalty for failing to inform authorities of the purchase, an SEC official said yesterday. The exchange did not identify the investors. The SEC.82 words
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87 1993-12-25 4 Bloomberg Business News BANGKOK Saha-Union Corp. Thailand's largest manufacturer of textiles, will increase capital through a rights issue of 50 million new shares of common stock, the company told the Stock Exchange of Thailand yesterday. Shareholders will have the right to buy oneBloomberg Business News - 87 words
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Article46 1993-12-25 4 IN BTs Dec 20 report on Ssangyong Cement's Shanghai joint ventures, the company's stakes in Shanghai Bao Long Building Materials and Zhejiang Xing Bao Long Building Materials should be 60 per cent and 25 per cent, respectively. We are sorry for the error.46 words
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163 1993-12-25 4 SINGAPORE Three listed companies queried over sharp increases in their share price and stock exchange volume in the past few days said yesterday they did not know the cause of the sudden activity. Property firm Tuan Sing's share price rose 16163 words
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342 1993-12-25 4 Bloomberg Business News TOKYO Isuzu Motors Ltd, a Japanese truck maker afilliated with General Motors Corp of the United States, said its pre-tax loss shrank to 10.2 billion yen (*****.6 million) in the year ended Oct 31. Isuzu forecast that it will returnBloomberg Business News - 342 words
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Article, Illustration414 1993-12-25 4 DBS Weekly Currency Review LS$/DM: Still bullish? THE USS/DM traded generally lower this week, going from Monday's high of 1.7170 to a low ot 1.6915 on Thursday. But the unit reeovered slightly to trade around 1.6950 on Friday morning. Resistance is seen at 1.7207. at 1.7290 and414 words
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Article, Illustration394 1993-12-25 4 Source: Bridge Info Performance of STII's Index stocks Dec 24 IjM Stnvt' Index Stock sale Chge factor ntiten <S) <S> s Asimo 2.110 0 060 133 3.17 C&( 8 600 0 100 5 42 5 29 CWT J 100 0 060 196 3 17 Cerebos 7 600 0.050 4Source: Bridge Info - 394 words
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FINANCE & COMMODITIES
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292 1993-12-25 5 Reuter SINGAPORE Asia's unflagging stock market boom will fuel investors' hunger for most exotic currencies into early 1994, foreign exchange dealers said yesterday. The Hongkong and Taiwan dollars. Thai baht, Indonesian rupiah, Malaysian ringgit and Singapore dollar are forecast to remainReuter - 292 words
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Article, Illustration589 1993-12-25 5 Bloomberg Business News SYDNEY The Reserve Bank of Australia said it expects the problem loans reported by the nation's banks to rise under new guidelines issued this week. The new guidelines require banks to disclose as "impaired assets" all non-accrual, or nonperforming,Bloomberg Business News; Source: Republic National Bank of New York - 589 words
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Article, Illustration1181 1993-12-25 5 Interbank Cross Rates Dec 24 Chiaa HK Indu ladoa J«n Korea M1>aia Fafcmaa fW ffpore Tan.«« Tim Amtk NZ M ECU D Mark Sm Ft Canada US S Aire* CtufU Ritih 1*) 54*6 <617 0 I'M I )9U 0441 5.193 4. 7 *7 0274 4MM 4 1*0 0 25) 01,181 words
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SHIPS IN PORT
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Article408 1993-12-25 5 VctmJ Voy No Berth Arrival Departure Vessel Voy Wo Berth frmal Departure JurOflg Port Thanakul 024 P01A atorgside 2412/2300 Comity 1 J5 atone** 25 12/1700 MtasgracM IS P02 2S12/0700 2612/0700 Genki 9335A 0 alongside 25.12/1200 Batam Sf>eed3 A3393* P01A 24 12/1530 24 12/1730 Ionian Commander 01/93 J9/10408 words
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Article2100 1993-12-25 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voi No Containers avalable Ship Voy Wo Contiintn avaitabte N Topaz 3IE 8.12.93 1910 Bonggaya II N017 COOtEST) 2412 93 2300 C» Pnde WM402 *****3 1930 0 Sentosa 65N COO(EST) 25.1293 06002,100 words
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COMMODITIES & FUTURES
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1322 1993-12-25 6 SIMEX REPORT Reuter SINGAPORE Simex interest rate futures contracts barely budged from opening levels, ending steady after a session of extremely light, pre-holiday trade. Euroyen interest rate futures settled unchanged with September at 98.39, their previous Simex close. An estimated total of 5,325 lotsReuter - 1,322 words
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258 1993-12-25 6 KnightRidder HOUSTON The upward revision of US crude oil inventories on Thursday by the American Petroleum Institute, and the timing of its release, might have helped one or more parties profit from the situation. The API said US crude stocks were upKnight- Ridder - 258 words
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Article126 1993-12-25 6 Cokt Hongkong: Gold closed firmer on short-covering in otherwise sleepy trade ahead of the Christmas holiday, dealers said. Gold bullion ended at U*****.30/80 an ounce against New York's U*****.80/386.20 close on Thursday. The market will reopen on Tuesday. Local gold rose HK$7 to close126 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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76 1993-12-25 6 TOKYO Japan's customs-cleared imports of wheat jumped 33.7 per cent in November from a year earlier, according to figures released yesterday by the Ministry of Finance. Rice imports totalled 29,126 tonnes in November, reflecting the first cargoes from Thailand as emergency imports supplemented a poor76 words
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Article84 1993-12-25 6 BANGKOK Japan has bought 194,000 tonnes of Thai 100-per cent B white rice at USS4SO per tonne fob, a Thai Commerce ministry official said yesterday. The rice will be shipped during Jan-Feb, the official said. However, Japan did not buy 10,000 tonnes of glutinous rice,84 words
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109 1993-12-25 6 NEW YORK Just before the 1993 Thanksgiving holiday, copper industry executives were feasting on a surge in North American demand, with fabricators gobbling up available supplies of metal. Many seasoned traders, however, were sceptical of the staying power of this bounty, and predicted an ebb109 words
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Article104 1993-12-25 6 KANSAS CITY Far Eastern interest in US cotton resumed overnight after a short lull, with US styles finding their way to China. Japan and Korea. US export sources said. Japanese merchants have been aggressive in their purchases, which apparently goes to supply other104 words
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Article72 1993-12-25 6 TOKYO Japan's customs-cleared imports of copper ore and concentrate were 302,499 tonnes in November, down 5.6 per cent from a year before, according to data released yesterday by the Ministry of Finance. Imports of zinc ore and concentrate plunged to 59,714 tonnes in November, down72 words
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92 1993-12-25 6 SAO PAULO Brazilian coffee exporters and growers yesterday said 1993-94 green coffee exports probably would decline, contrary to a USDA report that forecast an increase. On Wednesday. USDA forecast Brazilian 1993-94 green coflee exports at 17 million 60-kg bags, up from 14.5 million in92 words
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Article1679 1993-12-25 6 Rubber HAS Commodity Exchange (futures closing as at lpm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan 94 OOO 000 132 00 0 100 Feb 0.00 0.00 133 00 0 4.37) Mar 0.00 0.00 134.75 0 6.925 Apr/Jun 137.00 137.00 136.751,679 words
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REGIONAL STOCK MARKETS
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Article1167 1993-12-25 11 +20.4 THE Australian share market closed higher yesterday as bargain hunters scooped up leading stocks in a busy half day of trade on Christmas Eve, brokers said. At the early close of 0200 GMT. the All Ordinaries index was at 2,089.2, up 20.4 from Thursday's finish, while the All1,167 words
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Article520 1993-12-25 11 closed Manila's two stock markets were closed for the Christmas holiday yesterday after ending on Thursday at a record high. They will reopen on Monday. Manila Vol Dec 23 P«o (XWO) A Soriano Corp. 1 N>0 \BS-< BN 95 000 500 201 Alcorn Pel 028 unc* ***** Mcom Pel520 words
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Article528 1993-12-25 11 +62.42 Share prices closed higher amid bargain-hunting by institutions after Thursday's 4 per cent plunge, brokers said. The weighted index ended 62.42 points up at 5,320.38. Turnover at NT557.28 billion remained active but continued shrinking from recent high levels. Brokers said buying came mainly from local trust firms and528 words
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Article292 1993-12-25 11 19.61 New Zealand shares closed higher on the back of gains in overseas markets, in a half-day trading session before the Christmas break, brokers said. The New Zealand Top 40 capital stock index closed up 19.61 points at 2,108.33, for a 1.3 per cent gain on the week.292 words
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Article418 1993-12-25 11 +3.05 Seoul stocks closed higher in moderate trading as buying of steel and construction counters gained momentum, but profittaking continued on some highpriced blue-chip counters, brokers said. The composite index ended 3.05 points higher at 861.42. Volume totalled 40.72 million shares, valued at 860.86 billion won. compared with 41.80418 words
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Article, Illustration3099 1993-12-25 11 AFP HONGKONG Hongkong stock prices surged 1.46 per cent in hectic pre-Christmas holiday trading yesterday and smashed the 11,000-point barrier as investors chased China stocks. The key Hang Seng Index gained 158.64 points in the half-day session to close at a record 11,039.84. The market will resume trading onAFP; Source: Bridge Info - 3,099 words
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Article, Illustration2343 1993-12-25 11 Reuter TOKYO Stocks closed lower in thin trade as investors worried about the government's slow response to calls for substantial economic steps, brokers said. Investors feared Prime Minister Morihiro Hosokawa might not announce any concrete steps at a news conference expected later yesterday. The Nikkei Stock Average of 225-selectedReuter; Source: Bridge Info - 2,343 words
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Article1767 1993-12-25 11 Reuter BANGKOK Thai stocks rose another 1.40 per cent to close above 1,550 at new record high yesterday, propelled by the strong gain of Telecom Asia (TA). brokers said. The SET index climbed 21.60 points to finish at 1,565.12 though losers led winners 161 to 134 with 65 stocksReuter - 1,767 words
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Article1127 1993-12-25 11 Reuter JAKARTA Share prices closed higher in a moderate onesession trade yesterday. The official index rose 3.26 points to 560.80. "Local players drove the market higher, speculating to take short-term profit next week when the usual year-end window-dress-ing has begun to dominate activity." one local broker said. Selectively, foreignersReuter - 1,127 words
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Article, Illustration2817 1993-12-25 12 Source: Bridge Info Source: Bridge Info MOST ACTIVE volum> General Corp 17.165.000 Faber Group 9.317.000 Kamunting 50c S.525.000 lnd Oxygen Wi95 8.061.000 Amah Hldgs 50c 8.032.000 Promel 7.872.000 Johan Hldgs 50c 7.802.000 Metrople* TSR 7.535.000 AMDB 50c 6.881.000 lnd Oxvgen 50c 6.587.000 Metrople* 50c 6 578.000 FAC'B 50cSource: Bridge Info - 2,817 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5893 1993-12-25 12 Bernama KUALA LUMPUR The benchmark Composite Index climbed 26.22 points yesterday to close at a new all-time high of 1,178.46, adding to the Christmas festive cheer. Bolstered by strong support for all key component stocks, yesterday's record-brcak-ing streak erases the record closing andBernama; Source: Bridge Info - 5,893 words
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STOCK EXCHANGE OF SINGAPORE
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Article7631 1993-12-25 13 MAIN BOARD Transaction date: Dec 24 (jr Gf 1943 Ijim Vol l>»> Ijsl Quote l>i» l)i» M Nd M Cap High l»» (oaipai) Sal* (0001 High lu» Baser Seller S S P/K $mil INDUSTRIAL AND COMMERCIAL 1400 260 l Aetna 1220 20 14 1230 1210 1220 1240 12.5 2.1 107,631 words
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Article, Illustration1732 1993-12-25 14 R Sivanithy - By R Sivanithy SINGAPORE There were few losers yesterday, as retail investors armed with year-end bonuses and in high festive spirits bid stock prices up to yet another high. Although trading was limited to a half-day session, dealers reported frenzied retail buying across theSource: Bridge Info - 1,732 words
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Article, Illustration128 1993-12-25 14 Paul Leo - HOT STOCK By Paul Leo STRAITS TRADING yesterday changed hands two cents above the previous day's high of $3.96. which resulted in a gap. This gap signals the start of an upward move towards $4.50. The short-term technicals are encouraging. The daily Relative Strength Index has just turned128 words
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Advertisement8 1993-12-25 5 The Straits Times Weekly Edition HOME BROUGHT CLOSER8 words
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Advertisement37 1993-12-25 6 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. ■Mlillli'nilirittllilfT.Vlftllil An SPH AudloTm Strvlci I—J37 words
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Advertisement34 1993-12-25 6 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Make new business contacts through classification 203 in The Straits Times Classified, cjlta 1737-11**34 words
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ISEAS Trends
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Article, Illustration1154 1993-12-25 7 Carolyn L Gates - Carolyn L Gates examines the reasons why there has been a rush of foreign investments into Vietnam Carolyn L Gates Dr Carolyn L Gates is a Research Fellow at the Institute of Southeast Asian Studies on leave from the Foundation for Indochina Studies, University of1,154 words
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Article, Illustration1654 1993-12-25 7 Heng Pek Koon - Heng Pek Koon hones in on the reasons for a more recent cultural assertiveness by Japan in the Asia-Pacific region Heng Pek Koon Dr Heng Pek Koon is a Visiting Professor at the Institute for Pacific Rim Studies, Temple University. Japan. ALREADY the predominant economic1,654 words
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Article, Illustration1211 1993-12-25 8 Chua Beng Huat - Chua Beng Huat argues that despite considerable emphasis on a communitarian democracy, the necessary conditions for it to develop in Singapore have yet to be established Chua Beng Huat Dr Chua Beng Huat is a Senior Lecturer in the Department of Sociology, National University1,211 words
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Article, Illustration1679 1993-12-25 8 Yeap Soon Beng - The Asian mass media is slowly being roused from its slumber by the threat posed by extra-regional media sources, observes Yeap Soon Beng Yeap Soon Beng Dr Yeap Soon Beng is a Lecturer in the School of Communication Studies. Sanvang Technological University. THE1,679 words
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Article, Illustration1364 1993-12-25 9 Sree Kumar - Sree Kumar analyses the salient economic lessons which East Asia can have for the rest of the world Sree Kumar Sree Kumar is a Fellow of the Institute of Southeast Asian Studies. SO at last, the ideologues have been silenced. Throughout the 1980s, the1,364 words
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Article, Illustration283 1993-12-25 9 THE flows of foreign direct investment (FDI) into South-east Asia is a subject of increasing importance, not least because of the stepped-up competition for such investment by other regions southern China, South Asia and the transitional economies of eastern Europe. In that regard, the283 words
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Article, Illustration1283 1993-12-25 9 Artemio D Palongpalong - Artemio D Palongpalong looks at the prospects of Philippine economic recovery Artemio D Palongpalong Professor Artemio D Palongpalong is Dean of the Asian Center at the University of the Philippines. THERE is great difficulty in assessing the prospects of Philippine economic recovery.1,283 words
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Article987 1993-12-25 10 Arvind Kala - Arvind Kala examines India's encounters with Aids, which has reached epidemic proportions Arvind Kala Arvind Kala is with the New Delhi-based Asian ne»s and feature syndicate Asian Scan. WHEN it comes to sex, India has two faces. The open face is extremely puritanical. Except in big cities,987 words
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Article, Illustration883 1993-12-25 10 Mark J Valencia - Mark J Valencia provides a checklist of ways to slowly bring Pyongyang into the international mainstream Mark J Valencia NORTH Korea's angling for foreign investment and diplomatic recognition are the silver lining in the dark cloud of pessimism surrounding the North Korean nuclear controversy.883 words
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Advertisement211 1993-12-25 8 Trends A monthly publicinon of it* Immmt of Soud»e«« Amn Studies Editors-in-chief S. Rajaratnam Chan Heng Chee Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar211 words
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Advertisement14 1993-12-25 9 PLAY SMART Be part of the good life. Lifestyle. Everyday. MK.ArtJUt f| > Business Times14 words
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Advertisement125 1993-12-25 10 BOOKS ON VIETNAM &WUM VIETNAM'S FOREIGN RELATIONS Dynamics of Change by frank frost 1993 90 pages THE ETHNIC CHINESE AND ECONOMIC DEVELOPMENT by TRAN KHANH 1993 127 pages 5529.00 (soft cover) 5537.00 (hard cover) ■wmmwwnwriftiiiinM —SfSi 25 IIVEINANTSp Si F= VIETNAM'S DILEMMAS AND OPTIONS s£% The Challenge of Economic Transition125 words
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Advertisement61 1993-12-25 10 t 1111 V I-f- only my boss would 1 respond "fco these ads- A ANY JOB ANY CAREER Available Any Day. ANY T,ME ANYWHERE. /Fil S the Straits Times The Sunday Times Business Times I J! II 00fY> 1 —J the new paper lianhe ZAOBAO LIANME wanbao Shin Min OAILV61 words
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Advertisement12 1993-12-25 11 Markets Hot published here were aaavailable Am to oar early press time12 words
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Advertisement28 1993-12-25 13 Estates'-ed s-nce 1919 ANTIQUE ESTATE WATCHES Shangri-La hotel Stockist of GJA. Certified Diamonds Tel: 732 5689 (Laser Numbered) Srmti and 2 carat above Manufacturing jewellers since 1919 ROLEX28 words
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Advertisement323 1993-12-25 14 THE WINNING EDGE IN-DEPTH BUSINESS sip/ I I I I\| I 7 W I -f-i or over two decades Singapore Business has covered drttMA \TV I the local and regional business scenes with more depth VI WjT'i I I V[l M and breadth from a perspective which is more relevant323 words
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Advertisement9 1993-12-25 14 Personal Finance and Investment, every Saturday in Executive Lifestyle9 words
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Executive Lifestyle
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Article, Illustration1536 1993-12-25 15 Jaime Ee - What happens to the turkey and the tree once Dec 25 is over? Jaime Ee spares a thought for the fate of festive odds and ends Jaime Ee AND SO this is Christmas. The turkey, which glistened with a sheen of liquid gold last night,1,536 words
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STRAWS IN THE WIND
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Article54 1993-12-25 15 WANT to buy a condominium in Kuala Lumpur but can't help feeling some apprehension after the Highland Towers disaster? Some property developers know how you feel, especially the one which advertised its new project in the New Straits Times last week, stating firmly that the building was "definitely54 words
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Article31 1993-12-25 15 OVERHEARD at a Christmas giftwrap counter: "Do you think this looks cheap? $6.50 only. But I bought $2 wrapping paper, so at least it will look expensive on the outside!"31 words
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Article43 1993-12-25 15 YOU've heard of Steven Spielberg's new movie, Schindler's List. Bet you've never realised that in all these years of going up and down multi-storey buildings, you've been taking Schindler's lifts. That's the name of an escalator and lift maintenance firm here.43 words
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Article50 1993-12-25 15 DON't ever test a telephone operator's knowledge of literature. A reporter trying to find out the phone number of a company called Tolstoy told the operator "Tolstoy, as in Leo Tolstoy." After a short pause, the operator replied: "Tall story?" The reporter decided to spell out the name.50 words
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OPINIONS
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Article, Illustration705 1993-12-25 16 Abdul Hadhi - Abdul Hadhi says the MRT should take its role as Singapore's principal people-mover more seriously by ensuring smooth running of its trains Abdul Hadhi The writer is a BT journalist PEOPLE are starting to wonder if the MRT should change its name to MFD more705 words
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Article, Illustration877 1993-12-25 16 Neville Stack - Neville Stack considers the political imperative to maintain a public image and the desire to enjoy a private life Neville Stack The writer is a political commentator based in London. He writes regularly for BT. ARE public people entitled to877 words
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546 1993-12-25 16 Ong Yong Hwee - Ong Yong Hwee A LOT of people who sold their properties three to five years ago thinking that prices were too high, have either re-entered the market at higher prices or are still playing a waiting game. For a first-time buyer546 words
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Article, Illustration704 1993-12-25 18 SUSAN TSANG - Cinema Review By SUSAN TSANG ON PAPER, M Butterfly would seem to have it all a bizarre love story, cross dressing, exotic locations and Academy Award-winner Jeremy Irons. Unfortunately, this tantalising package comes to us courtesy of David Cronenberg, better known for serving up Videodrome, The Fly704 words
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Article, Illustration525 1993-12-25 18 SHAHIRON SAHARI - By SHAHIRON SAHARI THERE ARE several reasons to recommend the new romantic comedy, Mr Wonderful, one of which is its main star. Matt Dillon. Unlike some of his Brat Pack contemporaries, Dillon is no longer solely playing one-dimensional characters (in his case the angry young man) and showed,525 words
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Article, Illustration1111 1993-12-25 18 Nirmal Ghosh - Despite its leaks and creaks, Colombo's Galle Face is a remarkable hotel. Now, plans are afoot to restore it to its > former grandeur. Nirmal Ghosh reports I Nirmal Ghosh YOU ALMOST expect the resident ghost to comePhotos by Nirmal Ghosh - 1,111 words
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Article, Illustration676 1993-12-25 18 SUSAN TSANG - Cinema Review By SUSAN TSANG IT's Christmas Eve, and Ebenezer Scrooge is terrorising his staff, as usual. His book-keepers, all of them left-handed mice, ask for a little fire and are threatened with unemployment. His clerk, a frog,676 words
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Article, Illustration814 1993-12-25 19 AMY BALAN - Shoooins v v rr ,M D By AMY BALAN This article first appeared in The Philadelphia Inquirer Magazine. The writer is completing a three-month fellowship with The Inquirer ALL I WANTED was a pair of stockings to keep out the cold. Simple. But it wasn't so simple for814 words
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SPORTS
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SIDE LINES
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96 1993-12-25 20 AFP BONN Boris Becker rocked the tennis world on Thursday with claims that a majority of players take drugs to improve their performances. "Why wouldn't there be doping in a sport with so much money at stake?" Becker said in an interview published yesterdayAFP - 96 words
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127 1993-12-25 20 AP LONDON English soccer's governing body on Thursday postponed for 24 hours a decision on whether to bring charges against Wimbledon striker John Fashanu over an elbow incident that nearly blinded Tottenham captain Gary Mabbutt. Fashanu and Mabbutt both testified during a 4AP - 127 words
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148 1993-12-25 20 LILLEHAMMER, Norway Norwegians are convinced that the Greeks are furious with them for lighting a rogue Olympic flame for a national relay to the Winter Games at Lillehammer. The Greeks say the dispute has been settled. Norwegian newspapers claim the Greeks have threatened to148 words
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84 1993-12-25 20 Reuters LONDON Robert Codner, captain of English second division Brighton, was jailed for three months by a Brighton court for driving while disqualified. He was stopped by police two months after being banned for driving while over the alcohol limit, the court was told. HisReuters - 84 words
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128 1993-12-25 20 Reuter RIO DE JANEIRO Three of Rio de Janeiro's four major soccer clubs have announced that they will form a breakaway league in 1994 following claims of a scheme to rig results in next year's Rio de Janeiro championship. Botafogo president Carlos Augusto MontenegroReuter - 128 words
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Article, Illustration611 1993-12-25 20 AP STOCKHOLM Winning with rookies has become the buzzword in international ice hockey. In the past, a plethora of experienced players were needed to win a world championship. Not any more. For the second straight year, rookies proved the difference as a RussianAP - 611 words
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418 1993-12-25 20 NEW YORK Free agency came to the National Football League in 1993 and the world didn't end. In fact, the year ended with even more dollars in the offing for the league a new television contract with Fox taking the418 words
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PEOPLE
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Article, Illustration231 1993-12-25 20 CHRISTMAS is the season of giving and 240 senior citizens and corporate leaders did just that recently. They raised $98,000 at a charity golf tournament held at the Tanah Merah Country Club. The money raised will benefit eight direct welfare agencies for the elderly in Singapore.Photos by Arthur Lee - 231 words
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Article, Illustration1066 1993-12-25 22 Addams Family Values. Raul Julia, Anjelica Huston and their creepy, ooky family are back, with a little addition. This sequel has a more interesting plot than the original, with good performances by Julia. Huston and Christina Ricci. as daughter Wednesday. Lido I: 11; 1.15; 3.30; 5.30; 7.30; 9.30. Prince1,066 words
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Advertisement249 1993-12-25 15 r PERSONAL FINANCE INVESTMENT Every Saturday in Business Times j When you move in the right circles, the world's finest bodyguard protects you. You'd be hard pressed to N Audi Cere. With three years free it— iw n«n— »wii i—m find a luxury car as protective maintenance and repairs, and249 words
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Advertisement28 1993-12-25 16 o o O Q O LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. \sokmku9 f Business Times WE KNOW ASIA28 words
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Advertisement25 1993-12-25 16 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.25 words
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Page 16 Miscellaneous
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Miscellaneous97 1993-12-25 16 I GO'»G TO S»GN\ (U»TNe.SS€JD l S TWiRO DP?/ I IMy Qhl TW(L X_ f 1 VEEO py SRJT OTHGLP.\ J \f I J —1 V U>VST£fPffeK 6PStC6.T. J r£xKCTL>{ i e ASSOCUkTtO WWSMKM LTD, Ito mi ««l DOONESBURY GARRY TRUDEAU JULES! OJHATSALL THIS THE KID SAYS HPS BEEN UIROt&97 words
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PERSONAL FINANCE & INVESTMENT
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816 1993-12-25 17 Global equities outlook 1994 With Germany in a deep economic crisis, the European economy will have difficulties resuming the path to growth next year IN CONTINENTAL Europe. the macro-econom-ic climate will remain uncertain in 1994. We expect only a gradual recovery from recession, with816 words
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Article, Illustration779 1993-12-25 17 Shiv Taneja - Shiv Taneja on Euromoney s survey of the world's top 50 emerging markets Shiv Taneja COUNTRIES such as Brazil and Turkey are often thought of as exotic holiday spots. But in the financial world, they have held a different attraction ever since they openedSource: Goldman Sachs - 779 words
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430 1993-12-25 17 Shiv Taneja - But relative to interest rates, they may be undervalued, reports Shiv Taneja Shiv Taneja FIRST the bad news. The global equity markets, particularly those of the developed world, appear overvalued in absolute terms. Price-to-earnings ratios appear high in relation to both the long-term430 words
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791 1993-12-25 17 Schutz Lee - Low inflation, a 3.5 pc economic growth and healthy corporate profits will boost sentiment, says Schutz Lee Schutz Lee The uncertainty which clouded New Zealand's economic direction in the aftermath of the Nov 6 election has abated. And this is good news791 words
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Article799 1993-12-25 17 Despite setbacks among the giants, small stocks traded over the counter remain alluring THE RECENT plunge in the Nikkei 225 Average has scared a lot of investors away from Japanese stocks, but many who are willing to hunt for value in the Japanese market can799 words
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Advertisement11 1993-12-25 17 Our regular Bulls Eye column will return on Jan 8, 199411 words
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Advertisement34 1993-12-25 17 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.34 words
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Advertisement30 1993-12-25 19 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. rT^ Business Times VF mar ASM30 words
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Advertisement40 1993-12-25 20 GIVING YOU n'Qzhim \?\7| St. f' J WINNING if EDGE iiexrl' j CAM YOU GET GOODWOOD RIO* ON A SALE WAS FRANCHISE? JUSTICE SERVED? STAR TV AND SRI LANKA'S ABN RACE FOR CELLULAR |i flit NEWMARKET BONANZA ii!"! DECEMBER 199340 words
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Advertisement57 1993-12-25 20 Olde English Eating House 277 Orchard Rd #02-38 Spedallsts Centre 5(0923) I—l Specialized In steaks, farmhouse fare, devonshlre cream tea. (Good restaurant guide award winner) DEVONSHIRE CREAM TEA (Served from 3pm 6pm) Oven hot scones with butter, sandwiches, cake and pastry with a pot of tea or coffee II a57 words
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Advertisement140 1993-12-25 20 ADVERTISEMENT BusinessTimes/KENWOOD GOLFING TIPS fßy BRETT BRASIER PROFESSIONAL GOLFER IT 19 iMPOSSiBveL Fully Qualified Member Of 5.P.G.A.S TO TAKE -THE f Dip in GoH Management CUIB AWAY I FROM THE tWrttS FROM THE To FOREARMS AfXfc AT A USUAUY lEA>£ TO A l^ KY rAR& J [experiment ID SEE L140 words
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Advertisement105 1993-12-25 20 CHRISTMAS NIGHT MENU (By Reservations Only) Vol Av Vent (Pastry salted puff shells) with Mushrooms Parma Ham and Melon "Capnooosa" r stuffed tomatoes Lamb stuffed Ravwls m Butter and Sage-sauoe «Aosta Valet style Lasagnas Spaghettis with Rock Lobsters sauce Roast T i*key "Roast Potatoes Fish Rlet with Olves Butter Sauce105 words
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Advertisement737 1993-12-25 21 H Nothing Beats A Bud. IS! OF at (he Boulevard Hotel, we want to spread some season's cheer. You're to savour the irresistible spread of sumptuous local traditional delights in Cafe Carousel's value for money buffets. Make this your most memorable Christmas New Year ever at the Boulevard Hotel of737 words
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Advertisement305 1993-12-25 21 WHERE TO WINE, DINE AND ENTERTAIN I liristmas is a A!rrry-Cao~,R.ouncl oi urpriscs at Plaza Hotel Christmas Eve Christmas Day 0 S $30++ with $30++ with 2 drink*. 2 drinks. Entertainment Entertainment by 'Hard Attack', by Hart)Attack'. $50++ tb $20++ a'ltb A t k N /.it drink. Ist drink. Entertainment305 words
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Advertisement470 1993-12-25 21 r 1 t Delectable Yong Dow-Fa Buffet at Chatterbox every Saturday and Sandiy. 12.30 pn to 5 poi $14.50 per pcnoi H.so++ per child (below 10 yra) Mezzdnne Siaptaou Continental Jc Local Afternoon Tea spread at Mezzanine Lonnge. Daily. 2 pn to t pin $14.00 per person $10.00+* per child470 words
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Page 22 Miscellaneous
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Miscellaneous2524 1993-12-25 22 TODAY'S TV HMTrVTTTTTTSH I 8.00 Gcrberl f|\Ti I I] I«H! L®J lH 8.30 King Arthur Knights. Dream Breaker, 11am, TV2 Candid Camera Christmas Spe- UW^ m >*"* in no u^'wh^jc Robert Loggia. Kyle MacLach- cial, Ipm, SBC 5 £F irj" 10.30 Robotech 11. Lan and DW Mot Tat star in2,524 words
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