The Business Times, 15 January 1994
1994-01-15
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The Business Times
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Title Section13 1994-01-15 1 Business Times MITA(P) 010/12/93 Weekend Edition, January 15-16 1994 WE KNOW ASIA 75*13 words
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Article, Illustration413 1994-01-15 1 R Sivanithy - Hang Seng rebounds 597 points By R Sivanithy SINGAPORE Share prices in Singapore and Malaysia rebounded sharply yesterday in line with analysts' expectations. Dealers said that following a three-day plunge, comments made by two top Malaysian officials late on Thursday gave a majorSource: Bloomberg - 413 words
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613 1994-01-15 1 Anna Teo - By Anna Teo SINGAPORE Ministers and top civil servants should have a pay formula linking their salaries to private sector incomes, Senior Minister Lee Kuan Yew said yesterday in staunch defence of the recent government pay increase. This way,613 words
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299 1994-01-15 1 SINGAPORE is poised to invest in the booming Asian economies in a wide range of projects spanning properties, hotels, tourist facilities, infrastructure and industries. Senior Minister Lee Kuan Yew said yesterday. Starting with 2 to 3 per cent of its reserves, Singapore could299 words
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Article, Illustration317 1994-01-15 1 Lilian Ang - By Lilian Ang SINGAPORE Eager home buyers, some of whom queued overnight, yesterday snapped up about half the total number of units in Tanjong Ria the first sizeable condominium project to be launched this year. The firm response to the HongPhoto by Chris Loh - 317 words
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Article115 1994-01-15 1 Stock market indices FrMay Chaa«e STII 2,302 86 +1080 KLSE Composite ..1.134 14 +104 9 Nikkei 18.973.70 +***** Hang Seng 10.774.25 597.74 SET Index. 1.516.67 +78.64 Jakarta Composite ...577.69 +5.67 CLSA China B 1,371.84 -11.16 Aust All Ord 2.206.4 +28.9 FTSE 100 3,400 6 +40 6 FrMay Preriow115 words
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2 am LATEST
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Article44 1994-01-15 1 Reuter NEW YORK Wall Street stocks moved higher at midday yesterday, spurred on by solid economic data and a rally in semiconductor and banking stocks. At Ipm EST. the Dow Jones Industrial Average was up 24.77 points at 3,867.20.Reuter - 44 words
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Page 1 Advertisements
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Advertisement9 1994-01-15 1 Lifestyle Cover Story: el i Race for the corporate9 words
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Advertisement66 1994-01-15 1 Personal Finance Investment el 4 H Market meltdown: What small investors should do niMr\ Full reports, Pages 14-18 Extracts of Mr Lee's speech. Page 3 I CONTENTS ium Com oames nwwi S pore News 2 S pore* sm M Regional News 4.S Financial 11.12 Region "World Worm I »tarfc«ts Futam66 words
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Advertisement264 1994-01-15 1 _H -WBrwmSSKSS^Mt^SKMS^ Travel Notes: el 6,7 Chronicles in stone Businessman of the Year ML jp^ PATRICK NGIAM (above), founder and chief executive officer of Singapore multinational company IPC Corporation, was named the Businessman of the \ear at the Singapore Business Awards 1993 last night. Homegrown Royal Sporting House took the264 words
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SINGAPORE NEWS
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Article, Illustration685 1994-01-15 2 Ven Sreenivasan - Reports by Ven Sreenivasan SINGAPORE Patrick Ngiam. the founder and Chief Executive Officer of Singapore multinational company IPC Corporation, last night bagged the Businessman of the Year Award, the nation's most prestigious prize for entrepreneurial achievement. At a black-tie ceremony at the Shangri-LaPhoto by Chris Loh - 685 words
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490 1994-01-15 2 THE successful conclusion of the Uruguay Round of the Gatt talks reduces, but does not remove, obstacles to global free trade. While the General Agreement on Tariffs and Trade accord would remove the most blatant protectionist measures, other invidious barriers will490 words
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131 1994-01-15 2 SINGAPORE'S private sector, particularly local enterprises, needs to organise itself more coherently. And one way to do this is by strengthening the local chambers of commerce and various trade and industry associations, Home Affairs Minister Wong Kan Seng said at the Singapore131 words
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385 1994-01-15 2 Anna Teo Chuang Peck Ming - Yesterday in Parliament Reports by Anna Teo Chuang Peck Ming SOMETHING should be done about Singaporeans' growing obsession with material success. Nominated Member of Parliament Kanwaljit Soin said yesterday. Economic imperatives should be at the upper end of priorities. Dr Soin said.385 words
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Article332 1994-01-15 2 THE GOVERNMENT should have ofTered a word of assurance to stop the panic selling of shares in the past few days, opposition MP Chiam See Tong said. Referring to Prime Minister Mahathir Mohamad's public statement projecting a rebound in prices, and which had helped to stem the decline332 words
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Article, Illustration429 1994-01-15 2 The Straits Times KUALA LUMPUR Malaysian Foreign Minister Abdullah Ahmad Badawi, who held talks with his Singapore counterpart, said yesterday that differences among Asean members over Apec should not be allowed to affect bilateral ties. S Jayakumar, who arrivedThe Straits Times - 429 words
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249 1994-01-15 2 THE Inland Revenue Authority of Singapore has introduced a service which allows people to file their income tax returns over the phone. The service, Telefile, operates from today. People can key income and relief figures into their phones and will be informed249 words
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184 1994-01-15 2 THE groundbreaking ceremony for "The Lien" Westlake Resort hotel in Hanoi will take place on Jan 26. the Singapore investor said yesterday. The USSI.B million (SS2.B million) piling and reclamation contract for the proposed 325room resort hotel was recently awarded to a184 words
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276 1994-01-15 2 THE fostering of an entrepreneurial culture in Singapore hinges on a prerequisite the devising of strategies by policymakers to nurture an achievement motivated society. And achievement motivation has little to do with academic abilities or excellence at school. Rather, it is276 words
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256 1994-01-15 2 RETROFITTING is the way to go. as proven by the announcement of winners of the Construction Industry Development Board (CIDB) awards for construction excellence yesterday two out of five award-winning projects were conservation ones. Duxton Hotel, part of the Urban Redevelopment Authority's Tanjong Pagar conservation256 words
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YESTERDAY IN PARLIAMENT
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Article, Illustration4489 1994-01-15 3 Abridged version of Senior Minister Lee Kuan Yew's speech 66 A "a I I younger I W generation leaders has taken charge of the government without any gears crashing. They are taking the PAP Government into its 35th year as4,489 words
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THE REGION
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484 1994-01-15 4 Reuter BEIJING Seeking to calm public anxiety that sparked panic buying of grain, China said yesterday it has six months' supply and per capita consumption is falling. Since November, a rise in grain prices of up to 30 perReuter - 484 words
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Article, Illustration425 1994-01-15 4 AFP BEIJING China and the United States today will launch a likely last-ditch attempt to defuse a billion-dollar row over textile exports that could be the trigger of a costly trade war. Washington has given Beijing until Monday for signing aAFP; Reuter - 425 words
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321 1994-01-15 4 Loh Hui Yin - From Loh Hui Yin in BANGKOK US TREASURY Secretary Lloyd Bentsen's discussions with Thai leaders next week will have a strong financial bias on a bilateral level and an economic thrust regionally. Mr Bentsen. who is due in Bangkok next321 words
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270 1994-01-15 4 Harish Mehta - By Harish Mehta SINGAPORE Vietnam's first business conglomerate unveiled ambitious plans yesterday for a joint venture to raise commercial loans abroad, mobilise cash and technology resources, and forge industrial ventures in the country. The Thang Long Investment and Construction270 words
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370 1994-01-15 4 AFP UPI SHANGHAI China's largest financial centre. Shanghai, is set for a boom year in 1994. with economic growth forecast to outstrip the national target set by the central government, press reports said yesterday. The eastern metropolis is predicting gross domesticAFP; UPI - 370 words
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377 1994-01-15 4 AFP KUALA LUMPUR A tourism promotion to lure some seven million visitors to Malaysia this year is being thwarted by entry restrictions for Indians and recessions in developed countries, officials said yesterday. "There has been an 80 per cent drop inAFP - 377 words
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414 1994-01-15 5 Bloomberg Business News TOKYO The Economic Planning Agency's monthly report on Japan's economy painted the same grim picture it has for months, but reference to the deleterious effects of the strong yen were deleted from the report. The EPA report is aBloomberg Business News - 414 words
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Article, Illustration339 1994-01-15 5 AFP TOKYO Japan's population is getting old, a trend threatening tough financial and social changes in an economic powerhouse built by a young workforce and a nation in which one generation traditionally feeds and shelters the one before it. The proportionAFP - 339 words
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140 1994-01-15 5 AFP TOKYO Japan's most powerful business group, the Federation of Economic Organisations (Keidanren). will name Shoichiro Toyoda. 68. Toyota Motor Corp chairman as its next chairman. Japanese press reports said. Gaishi Hiraiwa, 79. who completed his third year as Keidanren last month, hasAFP - 140 words
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456 1994-01-15 5 Anthony Rowley - From Anthony Rowley in TOKYO FRAMEWORK trade negotiations between the United States and Japan have so far made "not an inch of progress" according to a senior US official. Speaking in Tokyo yesterday, Undersecretary of Commerce for International Trade JetTrcy Garten warned of456 words
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423 1994-01-15 5 HONGKONG With a population of more than 850 million. including an estimated 100 million middle class citizens. pockets of affluence in major cities, and an emerging rural market. India is poised to become the world's next consumer market powerhouse. This is the focus423 words
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Page 4 Advertisements
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Advertisement799 1994-01-15 4 I WING IAI HOLDINGS LIMITED I I (Incorporated in the Republic of Singapore) I I HALF YEARLY REPORT I I The Directors of Wing Tai Holdings Limited are pleased to announce the consolidated results for the six months ended I 31 December 1993. These figures have not been audited. I799 words
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Page 5 Advertisements
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Advertisement67 1994-01-15 5 I WbSzZSM YOU'RE RIGHT IPC CORPORATION LTD 23 Tai Seng Drive IPC Building Singapore 1953 Tel: 744 2688 Fax: 743 0691 Tlx: RS ***** ESSEX Authorised Dealers: AlphasysTel: 293 3377/538 7778 CompuSource Tel: 338 7638/744 7033 DEMAX Tel: 337 181 1/339 3303/282 0300 ElmcoTel: 567 5949/567 4194 MSSTeI: 581 197267 words
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REGION/WORLD
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571 1994-01-15 6 Reuter JAKARTA Indonesia announced plans yesterday for a crackdown on the domestic banking industry to reduce bad debts, control offshore borrowing and ensure recent credit growth did not lead to economic overheating. "It is the intention of the government to adopt a stricterReuter - 571 words
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409 1994-01-15 6 Bloomberg Business News AP Reuter WASHINGTON Output at US factories, mines and utilities rose 0.7 per cent in December, helped by a big increase in activity at car plants, the government said yesterday. The gain in the Federal Reserve's industrialBloomberg Business News; AP; Reuter - 409 words
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222 1994-01-15 6 Bloomberg Business News HONGKONG China was expected to announce yesterday a plan to issue a USSI billion (SSI.6 billion) global bonds, said an investment banker and an institutional investor. The bond would be China's third bond issue in six months.Bloomberg Business News - 222 words
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319 1994-01-15 6 AFP TAIPEI China announced yesterday that high-level talks with Taiwan would resume on Jan 31, but Taipei retorted it was considering suspending the key meeting, citing China's "unfriendly moves" towards it. Beijing's official China Daily reported that Tang Shubei, vice-chairman of the AssociationAFP - 319 words
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Article, Illustration47 1994-01-15 6 Reuter HALLE, Germany German schoolchildren on Thursday showing posters that said 'Save us from violence' on the market square in Halle. Some 2,000 students demonstrated against fascism after three neo-Nazis caned a swastika on the face of a handicapped girl on Monday. KeuterReuter - 47 words
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Article, Illustration346 1994-01-15 6 Schutz Lee - By Schutz Lee SINGAPORE Malaysian International Trade and Industry Minister Rafidah Aziz said she envisages Singapore investments across the Causeway shifting to smaller projects with specific skills and markets. To capitalise on this, Malaysia since last year has been courting346 words
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471 1994-01-15 6 Sohn Jie Ae - From Sohn Jie Ae in SEOUL SOUTH KOREA has named 50 local companies as the sole operators of cable television networks, thereby completing the basic framework for the initiation of cablc TV services in 1995. The operators have been awarded monopoly471 words
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159 1994-01-15 6 AFP HANOI The Vietnamese government expects to have a budget deficit of more than 10 trillion dongs (about US$l billion) this year, according to Finance Minister Ho Te. The deficit will be equivalent to 6.7 per cent of the gross domesticAFP - 159 words
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548 1994-01-15 6 Reuter HONGKONG A Hongkong investment group at the centre of a political row last year says the company still has close ties with China's top body responsible for the colony even though the body dropped plans to take a shareholding. NewReuter - 548 words
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Page 6 Advertisements
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Advertisement114 1994-01-15 6 Harry Van Zeist Novacorp International Inc., a wholly owned subsidiary of NOVA Corporation of Alberta, is pleased to announce the appointment of Harry Van Zeist as Vice President, South East Asia, effective December 1, 1993. Novacorp International Inc., develops and manages equity investments in gas transmission pipelines internationally and provides114 words
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Advertisement11 1994-01-15 6 Stock market does not belong to anybody, says Rafidah, Pg 811 words
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THE WORLD
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Article, Illustration579 1994-01-15 7 Reuter AFP MOSCOW President Bill Clinton said yesterday the United States would release billions of dollars in aid to Russia in 1994 and 1995 with the ultimate aim of providing relief for the average Russian. "I have asked in my 1995 budget forReuter; AFP - 579 words
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483 1994-01-15 7 Reuter PARIS For a country with the world's fourth biggest economy, France has a stock market that is one of the minnows. Now it is preparing a plan which should pour billions of francs into the Bourse, flesh out theReuter - 483 words
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Article376 1994-01-15 7 Bloomberg Business News LONDON The UK unemployment rate dropped below 10 per cent in December for the first time since July 1992, official figures showed, underlining economists' belief that the economy is now on track for steady growth this year. "The figures arc very,Bloomberg Business News - 376 words
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161 1994-01-15 7 Bloomberg Business News BASKING RIDGE, New Jersey American Telephone Telegraph Co expects to report fourth-quarter profit from operations of US$l.l5 billion (551.84 billion), or 85 cents a share, compared with net income of US$l billion, or 75 cents, a year earlier. TheBloomberg Business News - 161 words
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373 1994-01-15 7 AFP BASLE, Switzerland Trading conditions in Asia arc buoyant, figures from the Bank for International Settlements (BIS), covering the first half of 1993, showed yesterday. The official BIS figures also showed that (JSSII.4 billion (5518.2 billion) had flowed into China during the 12AFP - 373 words
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243 1994-01-15 7 Bloomberg Business News BOSTON A slowing US economy is putting the brakes on inflation. Richard Syron, the Boston Federal Reserve Bank president, said on Thursday. His comments suggest the Federal Reserve System will not soon move to push interest rates higher to curb rapidBloomberg Business News - 243 words
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284 1994-01-15 7 AFP WASHINGTON Slow economic recovery prompted 42.8 million Americans to move house from March 1991 to March 1992, 1.3 million more than the previous year and the first increase since 1984-85. the Census Bureau said yesterday. Experts, however, said overall mobility in theAFP - 284 words
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WORLD WATCH
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Article75 1994-01-15 7 Bloomberg Business News LONDON The United Kingdom's Chancellor of the Exchequer, Kenneth Clarke, said he would resign if the arms-for-Iraq inquiry finds he had acted wrongly during the Matrix Churchill trial, the British Broadcasting Corp reported. Speaking on BBC television's Question Time program, MrBloomberg Business News - 75 words
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Article71 1994-01-15 7 Reuter KUWAIT The emirate is studying whether to grant foreigners the right to explore for oil in border areas. Oil Minister Ali al-Baghli was reported yesterday as saying. "Baghli declared the formation of a committee to study the participation of foreign corporations in the oilReuter - 71 words
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Article65 1994-01-15 7 AFP BEIJING China is considering allowing more foreign insurance companies to set up branches in selected coastal areas, although their operations will be limited, Xinhua news agency said yesterday. Under a draft plan, the overseas firms would be allowed to conduct foreign-related business in coastalAFP - 65 words
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Article55 1994-01-15 7 Bernama KUALA LUMPUR Lawyers with less than five years' experience may not be allowed to operate their own legal firms. Law Minister Syed Hamid Albar said there were many complaints of new lawyers failing to give good service and failing to understand certainBernama - 55 words
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61 1994-01-15 7 Reuter ROME Former Soviet President Mikhail Gorbachev called Nato's "Partnership for Peace" with Eastern Europe unacceptable yesterday and said it would isolate Russia and stoke nationalism. Writing in Italian newspaper La Stampa, he said the alliance summit in Brussels which adopted the initiative had been aReuter - 61 words
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Article1701 1994-01-15 7 eti nw eta nw etd_ crtjr nm cta fhm n®_ Abu Dhabi GA860 2000 SQ325 1815 LH779 2359 Amsterdam KL837 1540 KL844 0535 FdumkM SQ989 1705 SQ990 0110 2335 C«Mva SRI 83 2140 SQ324 Guangzhou CA978 0930 Athens SQ347 1730 rprr SQ347 1735 Ha mm SQ1751,701 words
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COMPANIES & MARKETS
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Article, Illustration555 1994-01-15 8 MBT Bernama JAKARTA Bank Negara's move to mop up excess liquidity in the financial system is normal, said Deputy Prime Minister Anwar Ibrahim yesterday. And contrary to market talk that more measures are in the pipeline. Mr Anwar toldMBT; Bernama; BT artwork by Ben Cruz - 555 words
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Article, Illustration339 1994-01-15 8 Source: Bridge Info Performance of STII's Index stocks Jan 14 Last Staw Index Slock sale Chge factor aovm (S) Avimo 2.430 0.170 1 55 2 31 CAC 7.750 -0.100 4 94 -1.36 CWT 3 120 0 230 1 99 3.12 Ccrebos 6 900 0.350 4 40 4.76 FAN 17Source: Bridge Info - 339 words
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Article, Illustration251 1994-01-15 8 Corinne Kerk - By Corinne Kerk SINGAPORE There were smiles, sanguine looks, and sighs of relief. And why not? The market indices had made their day. After the carnage of the past three days, share prices yesterday spurted again to recall the sizzle of the bull run atPhoto by Arthur Lee - 251 words
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201 1994-01-15 8 Schutz Lee - By Schutz Lee SINGAPORE Investors in the stock market should not get flustered by what one person says, Malaysia's International Trade and Industry Minister Rafidah Aziz said here yesterday. "Do not link the stock market to anybody in particular. the stock201 words
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769 1994-01-15 8 R Sivanithy - HOCK By R Sivanithy SINGAPORE "It's the greenhorns and their herd instinct," said a morose stock market punter as he watched share prices slide by almost 9 per cent in three days. The punter only got it half769 words
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COMPANIES
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285 1994-01-15 9 Al Labita - From Al Labita in MANILA THE Manila Electric Company (Meralco) and US multinational Citibank yesterday signed an agreement on issuing the power firm's B shares on the US market. Under the agreement. Citibank will act as depository bank for 50 million285 words
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Article463 1994-01-15 9 UNIT TRUSTS FUNDS HaMfMV priCM Jan 15 17 Unibond 1.02 1-05 United Gr Fund! 1.64 1.71 Singapore Unit Trast united Asia Fund 1.97 2.07. The Commerce 1.79 1.88 NTUC IWCOIIW The Savings Fund 1.68 1.76 income Bond Policy S pore Prog Fund 0.74 0.78 lncomc 00,10 K S pore See463 words
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Article334 1994-01-15 9 Payment Ex Books Pay (S) date close date AISB 50* b 5 Dcc 31 Jan 14 Jan 21 Anlah Hides 50" b 6 Dec 9 Dcc 23 Jan 17 Asia Pacific F I8N Feb 9 Feb 15 Feb 23 Bcriaya Group F 8 Dcc 10 Dcc 24 Jan334 words
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570 1994-01-15 9 Nirmal Ghosh - By Nirmal Ghosh SINGAPORE India's Department of Telecommunications (DOT) has provisionally short-listed 16 companies all joint ventures with foreign firms to operate radio paging services in 27 cities on a non-exclusive basis. One of the short-listed companies is India Telecomp Ltd, a570 words
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301 1994-01-15 9 Bernama KUALA LUMPUR The Sime Darby Group plans to set up joint ventures in Vietnam and China and negotiations with the parties involved are still going on. Regional director (Malaysia region) Mustafa Md Ali said: "Discussions are stillBernama - 301 words
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Article, Illustration403 1994-01-15 9 Abdul Hadhi - By Abdul Hadhi SINGAPORE Good returns from its property projects lifted listed Wing Tai Holdings' after-tax profit by 31 per cent to $10.26 million for the half-year ended Dec 31, 1993. Releasing its half-time results yesterday, the property and garment403 words
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204 1994-01-15 9 AFP KUALA LUMPUR Sistem Televisyen Malaysia, operators of TV3, the country's sole private television channel, yesterday said its pre-tax profit for the year to Aug 31 fell 3 per cent due to higher operating costs. Group pre-tax profit of theAFP - 204 words
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229 1994-01-15 9 Bernama KUALA LUMPUR Pengkalen Holdings announced yesterday that it was proposing to acquire the entire issued and paid-up capital of South East Asia Insurance (SEA) Bhd comprising 15.75 million shares for M$ 192.50 million (Ssl 13.6 million).. The company, through MalaysianBernama - 229 words
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COMPANY BRIEFS
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153 1994-01-15 9 SINGAPORE The Soeryadjaya family, which lost control of Summa Investments late last year to the Chinese-backed Seapower group of Hongkong, said it sold 14.56 million Summa shares on Jan 11 to Summavest director Rinto Harahap for $2,076 a share. Mr Rinto. through Pacific Light153 words
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Article94 1994-01-15 9 AFP HANOI A firm belonging to the Vietnamese army has formed a joint venture with Singapore's Keppel Corp to repair ships, the army newspaper Quan Doi Shan Dan said yesterday. Keppel will link up with a boat-building factory in the naval base of BaAFP - 94 words
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56 1994-01-15 9 SINGAPORE Pacific Can Investment Holdings announced yesterday that substantial shareholder Waterfront Hotel Resort purchased an additional 82,000 shares on Thursday. This brings its stake in Pac Can to 20.19 per cent from 20.01 per cent previously. Waterfront Hotel Resort is the private investment vehicle56 words
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Article59 1994-01-15 9 SINGAPORE Singapore Technologies Industrial Corporation has invested $12.6 million to acquire 36 per cent of SingaporeWuxi Investment Holdings. Another $680,000 has been paid for a 34 per cent share in Wuxi International Management Services. Both companies are involved in the development of an industrial59 words
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Article58 1994-01-15 9 Reuter HONGKONG Wharf Cable said yesterday it is suing Rupert Murdoch's Star TV following failure to reach an agreement about carrying Star channels on Wharf. Wharf launched its subscription television service last October and was supposed to take four channels from the satellite broadcaster, owned byReuter - 58 words
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415 1994-01-15 9 Abdul Hadhi - By Abdul Hadhi SINGAPORE Guthrie GTS' proposed grant of a right of first refusal to Albert Hong Hin Kay, a non-execu-tive director in the company, over the sale of its L&M Group Investments shares is conditional on L&M continuing to improve415 words
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503 1994-01-15 10 Acquisition of Quotron will boost Reuters' presence in US stock trading NYT NEW YORK Citicorp said it has agreed to sell its Quotron financial-information computer service, which has lost money ever since the banking company bought it in 1986, to ReutersNYT - 503 words
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260 1994-01-15 10 Reuter TOKYO The Tokyo Stock Exchange (TSE) said it will introduce a circuit breaker system for trading in Topix futures and options to prevent contracts' price movements from having an excessive impact on the cash market. Trading in Topix futures and optionsReuter - 260 words
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235 1994-01-15 10 Bloomberg Business News NEW YORK The Vancouver Stock Exchange said it has paved the way for Asian companies to list their stocks on an "Asian Board" this spring. The move follows 16 months of talks between officials of the Vancouver exchange and China.Bloomberg Business News - 235 words
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252 1994-01-15 10 AFP TOKYO Japan's Chinon Industries Inc has shifted its entire production of floppy disks to Malaysia to cope with rising costs at home due to the higher yen. Chinon. Japan's largest maker of lenses for video cameras and an affiliate of Eastman KodakAFP - 252 words
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Article, Illustration38 1994-01-15 10 Reuter MANILA Dismissed Filipino workers of the HongkongBank in Manila carrying placards in front of the bank's headquarters yesterday. They are opposing a staff evaluation programme that the bank is trying to introduce. ReuterReuter - 38 words
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Article128 1994-01-15 10 Reuter TOKYO The listing of Japan Tobacco Inc shares may be in early 1994/95, says Minoru Nagaoka. Tokyo Stock Exchange (TSE) chairman. The listing is likely to be after the company releases its earnings results sometime between May and June. Its close on MarchReuter - 128 words
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COMPANY BRIEFS
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Article96 1994-01-15 10 AFP SEOUL Korea Telecom said yesterday it has signed a cooperation agreement with Indonesia's Indosat Co, in the hope of winning a contract for the installation of two million telephone lines in Indonesia. Telecom president Cho Paek-Je and the president of Indosat Co, Tjajono Seojodibroto,AFP - 96 words
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55 1994-01-15 10 Reuter TOKYO Matsushita Electric Industrial raised its estimates for domestic video cassette recorder (VCR) demand in 1994, saying a four-year sales slump may have ended. The company expects the domestic market to expand to 4.46 million units in 1994, 110,00 units more than originally expected,Reuter - 55 words
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70 1994-01-15 10 Bloomberg Business News OSAKA Sharp Corp said it plans to build the world's largest manufacturing plant for liquid-crystal display panels in Mie Prefecture, Japan. The 53 billion yen (Ss74 million) computerised plant will be 25 per cent bigger in floor area than itsBloomberg Business News - 70 words
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Article83 1994-01-15 10 Bloomberg Business News HONGKONG Far East Hotels and Entertainment Ltd has posted a net profit of HK5603.000 (S$ 122,000) in the six months ended Sep 30. In the same period last year, it lost HKS4.9B million. Total sales rose 39.6 per cent, from HK574.9Bloomberg Business News - 83 words
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64 1994-01-15 10 Bloomberg Business News HONGKONG The real estate company Great Eagle Holdings Ltd has agreed to enter into a joint venture with Chinese partner Sichuan Jinjiang Hotel to build a 300-room hotel and a 30-storey trade centre-office tower in Chengdu, the capital of Sichuan,Bloomberg Business News - 64 words
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SHIPS IN PORT
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Article549 1994-01-15 10 Vessel Voy No B«rtt jnW Dqwture Vesnt Vt? Wo Borlh jnW Igrtw Jurong Port Eastern Gl 02/94 P096 15 01/0900 1701/0500 Batam B*«a 01/04/94 112 a»ngs«je 1101/2300 Ekm SC264C 15JAT P01A 1501/0100 15.01/1100 Baton Wan N94 112 alongs* 1501/2000 Equator Me 100/4E P03 1401/1700 15.01/1530 Batam Sayang549 words
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Article1593 1994-01-15 10 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Stop Voy No Coot amen tttUbk SNp Voy Wo Contawn Thaia »um UN COO(EST) 14 01 94 1500 Priopor 1115 COO(EST) 1501.94 0700 Anders Ms 9401 COO(EST) *****4 2300 0 Sumatra 15N COO(EST) 1401 94 2300 E Goods RW041 COO(EST) 141,593 words
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FINANCE & COMMODITIES
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351 1994-01-15 11 AFP MANILA Foreign banks will eventually be allowed full commercial operations in the Philippines, subject to certain conditions, officials said in a television show yesterday. Central Bank Governor Gabriel Singson said in a forum on the private GMA TV station thatAFP - 351 words
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252 1994-01-15 11 Reuter CHICAGO Jack Sandner, chairman of the Chicago Mercantile Exchange (CME), says further meetings will be held within two weeks to discuss governance of Globex, the electronic trading system. "After an all-day negotiation between representatives of the Merc, Matif (Marche aReuter - 252 words
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305 1994-01-15 11 Reuter TAIPEI Taiwan's Finance Ministry said it was allowing 15 newly established commercial banks to begin investing in the stock market, making up to about NTS 17 billion (551.02 billion) of fresh funds available to the bourse. "We will soon issueReuter - 305 words
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SMALL CHANGE
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Article56 1994-01-15 11 Reuter TOKYO Japan will eliminate the 10 per cent risk weight assigned to municipal bonds for capital adequacy calculations to encourage banks and investors to hold more of the bonds, a Ministry of Home Affairs official said yesterday. The move will take effect by theReuter - 56 words
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Article93 1994-01-15 11 Reuter BANGKOK The Thai stock exchange removed the "designated securities" tag from Finance One pic after allowing it to trade in cash only for one week while irregular movements in share price and volume were investigated. The DS tag also prevents brokers from tradingReuter - 93 words
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Article68 1994-01-15 11 Bloomberg Business News HONGKONG Standard Chartered Bank has opened the first foreign banking operation in Nanning, a city in China's central Guangxi Province, the South China Morning Post reported. The representative office, which brings Standard Chartered's total operations to 13 outlets in China, will introduce foreignBloomberg Business News - 68 words
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52 1994-01-15 11 Bloomberg Business News TOKYO The Japanese Ministry of Finance has approved a petition from Japan's Marine and Fire Insurance Association to permit foreign non-life insurance companies to join the trade association, Jiji Press said. Life and non-life insurance businesses are strictly segregated in Japan. BloombergBloomberg Business News - 52 words
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145 1994-01-15 11 Bloomberg Business News HONGKONG Agri-indus-trial conglomerate C P Pokphand Co Ltd will sell US$l5O million (SS23B million) in fiveyear floating rate notes next week through an underwriting group led by Standard Chartered Asia. The financing will be the first in the debt marketsBloomberg Business News - 145 words
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Article, Illustration355 1994-01-15 11 Bernama KUALA LUMPUR The ringgit is expected to be traded between 2.72-2.75 this month. Bank Buruh (Malaysia) Bhd said yesterday. The bank, in its latest issue of Money Letter, attributed the ringgit's depreciation to Bank Negara's recent ceiling on net external liabilities. BesidesBernama; Source: Tele Trac - 355 words
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160 1994-01-15 11 Bemama KUALA LUMPUR Bank Negara's gold and foreign exchange and other reserves, including special drawing rights, rose to M 564.93 billion (5538.18 billion) as at Dec IS, 1993, from M 560.26 billion a fortnight earlier. A statement from the cen- tral bankBemama - 160 words
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498 1994-01-15 12 Bloomberg Business News TOKYO Japanese government bond prices plunged yesterday as Japanese stock prices surged, reducing political pressure for a discount rate cut, traders said. News that the Ministry of Finance has decided to unload some of its bond holdings exaggerated the declines,Bloomberg Business News - 498 words
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Article, Illustration381 1994-01-15 12 DBS Weekly Currency Review US$/DM: Heading towards 1.8350? USS/DM plunged on Jan 7 and hit a low of 1.7240 on Monday. It then rebounded strongly to break resistance at 1.7460 and hit a high of 1.7530 before easing slightly to 1.7500 yesterday morning. The technical outlook381 words
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111 1994-01-15 12 Reuter BOMBAY The scandalridden Bank of Credit Commerce International's Bombay branch, taken over by the State Bank of India (SBI), would begin operating again by the end of the month, bank officials said. The new bank, SBI Commercial and International Bank Ltd, is aReuter - 111 words
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381 1994-01-15 12 Knight-Ridder LONDON The prompt cash market for North Sea Brent crude has been very slow to make use of recently introduced. optional sale contract terms designed to curb speculation over cargo volume differences, traders say. Several traders feel the alternative Brent contract terms,Knight-Ridder - 381 words
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375 1994-01-15 12 Reuter MELBOURNE Australian producers have adopted a cautious stance on talks aimed at resolving the international aluminium glut but have ruled out cutting production. Officials of aluminium producing nations are due to meet in Brussels on Jan 18 and 19 for talksReuter - 375 words
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319 1994-01-15 12 Knight-Ridder TOKYO The president of Tonen Corp. one of Japan's major oil companies, will resign over a disagreement over dividend levels with US oil companies Exxon and Mobil, local media reports said yesterday. According to reports by KyodoKnight-Ridder - 319 words
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Article, Illustration152 1994-01-15 12 SALES of DM for yen saw the USS/yen move lower and the USS/DM higher yesterday. Rumours of a further Japanese rate cut failed to quell US$/ycn sales. The USS/SS opened at its high and was sold during the day with strong foreign demand for Ss.152 words
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Article179 1994-01-15 12 Reuter LONDON The dollar was little changed yesterday after a fairly quiet European session with traders happy to sit on their hands ahead of the long weekend in the US. Talk of further central bank sales helped restrain the dollar but aside from a few rumours that the BankReuter - 179 words
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219 1994-01-15 12 Bloomberg Business News SYDNEY The price of Australian wool rose in the first sales of the year as fewer bales were offered for sale than had been expected. About 94,000 bales were offered for sale, 80 per cent of what theBloomberg Business News - 219 words
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Article79 1994-01-15 12 AFP NEW YORK The dollar rose against the major currencies except the yen yesterday in moderately active trading. The ounce of gold rose US$l.6O to U*****.60 from its close on Thursday. Against the yen, the dollar fell to 111 from 111.17 in London and at 111.87 here onAFP - 79 words
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Article, Illustration1594 1994-01-15 12 Trade-trighted index calculated attaint S'pore's lop 14 iradinx partners Base year 1985 US$/S$ forward rates Noon Jan 14 ss Bid Ofler 1-monlh 1.6081 1.60% 2-month 1.6091 1.6106 3-<nonth 1.6102 1.6117 6-month 1.6126 1.614$ Source: OCBC FOREIGN CURRENCY NOTE RATES At at IOmr m Im 13: Singapore dollars to one unit1,594 words
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COMMODITIES & FUTURES
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1345 1994-01-15 13 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures clawed back from earlier heavy losses helped by the fall in Japan's wholesale prices to close slightly lower. The domestic wholesale price index (WPI), fell 0.1 per cent in December from a month earlier, andReuter - 1,345 words
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Article682 1994-01-15 13 COMMODITY REPORTS Tin MALAYSIAN tin closed four sen higher at MS 12.80 per kg yesterday after a firmer London market overnight prompted more Japanese, local and European buying, traders said. Initial bids were 89 tonnes against offers of 70. Final turnover was 79682 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article99 1994-01-15 13 LONDON Zaire's state-owned copper producer Gecamines is expected to report 1993 copper production of only about 60.000 tonnes, informed sources say. The figure compares to forecast production of 130.000-140.000 tonnes, and actual production in 1992 of around 135.000. Total Zairean copper production in the first99 words
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90 1994-01-15 13 LONDON The board of the London Metal Exchange has announced that with effect from Jan I 1994. no further deliveries of copper wirebars are acceptable for LME warranting. The LME added that once the stock of wirebars warranted as at Dec 31, 1993 are exhausted,90 words
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Article87 1994-01-15 13 TAIPEI Taiwan's pork exports totalled 198,267 tonnes in 1993, down 13.2 per cent from 228,344 the previous year. Council of Agriculture said yesterday. Exports in 1993 were worth US$l.l billion (SSI.B billion). Of 1993's exports, there were 124.958 tonnes of frozen pork, and 73,309 tonnes87 words
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Article1627 1994-01-15 13 Rubber HAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 94 128 50 128 50 129.25 50 TIOO Mar 131.50 131.50 131.50 100 6.300 Apr 0.00 0.00 133.25 0 5.450 May 0.00 0 001,627 words
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REGIONAL STOCK MARKETS
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Article1203 1994-01-15 14 +28.9 SURGING blue-chip stocks lifted the Australian share market back above the 2.200-point level in hectic trade. Brokers said the market was helped by a How of US and Asian money and a general lift in confidence. "We've had a couple of days where the market has been off.1,203 words
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Article603 1994-01-15 14 +'21.07 After free-falling for five consecutive days, Philippine share prices rebounded yesterday, buoyed by a recovery in the Hongkong stock market, analysts said. But brokers said the rebound has to be sustained for two or three days before concluding that the market, the world's number three performer last year,603 words
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Article560 1994-01-15 14 •107.63 Taiwan's stock market fell 1.8 per cent as financials and shipping shares continued to plunge while cautious bargain-hunting was seen in many industrials. Brokers said the panic which caused Thursday's 5.9 per cent fall had subsided, but many believed the market was still in a downward consolidation after560 words
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Article422 1994-01-15 14 -19.6 The composite index plunged yesterday, as the government announced a series of dampening measures, including obligatory deposits by institutional investors before buying shares. The index slid 19.6 points or 2.2 per cent in value to close at 879.03 points. Trading was heavy, with 50 million shares worth a422 words
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Article279 1994-01-15 14 •9.98 The New Zealand share market lost ground for the third successive day. with the NZSE-40 index finishing at 2.225.99. 9.98 points below Thursday's close. Brokers said the index had earlier recovered to a 2,236.49 high before late selling in leaders Fletcher Challenge, Carter Holt Harvey and Wilson279 words
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Article42 1994-01-15 14 10.15 Share prices rose further in kerb deals as market players anticipated more gains next week, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed 10.15 points up at 3.938.74. The 100-share national index closed 22.73 points up at 1.892.63.42 words
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WORLD STOCK MARKETS
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Article804 1994-01-15 14 +40.6 Shares rebounded on the last day of the two week trading account, after falling the previous four sessions. Dealers said market makers scrambled to cover short positions, pushing the FTSE 100 up 40.6 points to 3,400.6 by the 1630 GMT official close. Trading volume was just over one804 words
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Article148 1994-01-15 14 10.06 French shares finished higher on hopes of lower interest rates, but could not sustain the day's highs they hit after rate comments from Bundesbank president Hans Tietmcyer. But sentiment remained cautious. Dealers said Alcatel's dramatic fall after its profit warning had burned fingers and sown worries other firms148 words
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Article158 1994-01-15 14 1.33pc Swedish shares ended the week sharply higher with the OMX-index closing at a record high. Trade was active and focused on a handful of index-heavy shares. The OMX-index was up 1.33 per cent at 1,166.70. while the blue-chip top-16 index rose 1.76 per cent to 1,570.63. The all-share158 words
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Article201 1994-01-15 14 •22.84 German share prices made good some of their earlier session losses yesterday because of limited short cov- ering but closed lower on the day, traders said. The DAX index of 30 leading German shares closed at 2,141.82. down 1.06 per cent, or 22.84 points from the last floor201 words
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Article165 1994-01-15 14 -1.79 Belgian stocks closed down slightly as short-term interest rates rose and investors became concerned about a growing political scandal, traders said. The Bcl-20 index of leading Belgian stocks closed down 1.79 index points at 1,471.53. Three-month interbank lending rates rose six basis points to 7.38 per cent and165 words
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Article135 1994-01-15 14 +0.24pc Shares ended a session dominated by technical trading on a positive note, traders said. Position-squaring before a deadline in the January trading account yesterday saw mixed results but light gains overall. That positive trend should continue Monday, traders said, if a date is set for general elections over135 words
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Article263 1994-01-15 14 +4.97 A strong dollar and positive London and New York markets helped push Dutch shares up across the board in modest volume, dealers said. The AEX index ended up 4.97 points at 420.62. Philips jumped 1.40 guilders, or 3.3 per cent, to 43.60 after news that Bell Atlantic Corp263 words
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Article242 1994-01-15 14 +20.52 Swiss shares recovered from earlier lows and ended the day more than 1 per cent higher. Dealers said the firmer trend which set in late in the morning strengthened in the afternoon, helped by a firm London bourse and a higher opening on Wall Street. The SMI of242 words
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Article286 1994-01-15 14 -71 Gold shares shrugged off an early slide after New York selling of local stocks, dealers said, posting a steady afternoon recovery as bullion pushed above US$39O an ounce. The gold index was 31 points better at 2,091, the industrial index fell 71 points to 5,457 and the overall286 words
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Article254 1994-01-15 14 10.92 Toronto stocks rose early yesterday as most indices gained ground against a plummeting merchandising sector and weak precious metals issues. The TSE 300 composite index rose 10.92 points to 4,490.82 in early turnover of 10.96 million shares valued at CS 182.98 million. The market closed at a record254 words
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Article782 1994-01-15 14 +22.52 The Dow Jones industrial average was ahead 22.52 points to 3.864.95 at 11 am EST yesterday. The New York Stock Exchange composite index was ahead 0.91 to 262.64. while Standard Poor's 500-stock index was up 1.90 to 474.37. Advances topped declines 1.001-718 among the 2.428 issues. Volume782 words
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Article550 1994-01-15 14 Vienna Jaa 14 Avch AI!A I<M0 10 Bank AuHrta (P) 40) f I (omliMu 10)0 IS Muchjlrn MS *7 Len/ing 11> I I t .kjni HI 6 N4c\er-I) P 187 uoch Slraha» |7» -29 Vrtu'hcf )4J 2 W wncrtwfl 41*0 20 Source: Bank Nasdaq Jan 13 IS$ \dolph C oun550 words
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Article, Illustration3152 1994-01-15 15 Reuter HONGKONG Shares powered to a sharply higher close as demand from local and overseas investors sent the main index up 5.87 per cent and snapped a three-day losing streak, brokers said. The blue chip Hang Seng Index ended up 597.74 points to 10,774.25 after plunging 5 per centReuter; Source: Bridge Info - 3,152 words
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Article, Illustration475 1994-01-15 15 The CLSA Shanghai B Index finished 7.8 points lower at 1,040.02 on shrinking turnover yesterday. Tyre Rubber rebounded 5.8 per cent, but Dazhong, Dajiang, Erfangji and Forever remained weak, losing some 4-6 per cent. The CLSA A Index ended 254.57 points down at 4,369.96. In Shenzhen, the CLSA B475 words
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Article, Illustration2492 1994-01-15 15 Reuter TOKYO Stocks staged a lateafternoon rally, with the Nikkei closing just below 19,000, reached briefly before the close. A late-afternoon flurry of buying from foreigners fuelled the rise as selling from domestic institutions petered out, brokers said. Buying from individuals also fed the rally, they added. The NikkeiReuter; Source: Bridge Info - 2,492 words
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Article, Illustration1835 1994-01-15 15 Reuter BANGKOK The SET index gained 78.64 points, or t 5.47 per cent, to close at I 1,516.67 points the day's i high. Turnover was a moderate 16.43 billion baht. Gainers beat losers by 300 to 28 with 22 unchanged. "The thin turnover shows that most investors believe theReuter; Source: Bridge Info - 1,835 words
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Article, Illustration1115 1994-01-15 15 Reuter JAKARTA Share prices rebounded to close higher in moderate trading with local investors buoyed by gains recorded on other regional markets, brokers said. The official index rose 5.67 points to close at 577.69. "Prices have rebounded in Jakarta basically in line with what is happening in other AsianReuter; Source: Bridge Info - 1,115 words
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Article, Illustration2672 1994-01-15 16 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume kainunling Mti 2I 75V<<1I<I I-ahcr (iroup IH/MVUit I'lomcl |hM4<m<l Kerning Bhil MV ll>.W<K"l \MI)B SOc I5*2M*W Idm HnJ MV. I \< B Mk IMOI.Olllt Tan ("hong 54k. 1.2I0.U00 Mctropkx MV 7.22MJUO In J < >\\gcn W|9} 6..VIO.OIIO IVp MmjSource: Bridge Info - 2,672 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5579 1994-01-15 16 Bernama KUALA LUMPUR Share prices rebounded strongly to end broadly higher yesterday after three straight days of losses as investors were calmed by the Prime Minister's advice to hold on to their stocks. The benchmark Composite Index recovered 104.97 points or 10.1 perBernama; Source: Bridge Info - 5,579 words
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STOCK EXCHANGE OF SINGAPORE
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Article6903 1994-01-15 17 MAIN BOARD Transaction date: Jan 14 Gr Or 1993/94 Last Vol Day La»t Q**** Y JJ M f 'F. Ilith Low Compaq Sale (fO) Hick Low Bayer Seller Or P/t INDUSTRIAL AND COMMERCIAL RlWvllWlb fwfif 1440 260 Acina 1370 +10 737 1400 1340 1360 1370 12.5 2.' 0' 59.3 9446,903 words
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Article, Illustration1571 1994-01-15 18 R Sivanithy - By R Sivanithy SINGAPORE It was smiles all round yesterday, as shares rebounded strongly after investors were reassured by statements made by two top Malaysian government officials. From the start of trading, the Straits Times Industrials Index surged putting on 41 points within theSource: Bridge Info - 1,571 words
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Article, Illustration151 1994-01-15 18 Paul Leo - By Paul Leo SAN TEH fell 62 cents or 27.2 per cent from an all-time high of $2.88 on Dec 30 to $1.66 on Thursday. Yesterday, it started trading four cents above the previous day's high of $1.77 to reach $1.88 before easing to end at 1.84. The151 words
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Advertisement20 1994-01-15 9 1 Apply Now! Turn to The New Paper Fastads today for A i opportunities in sales services and office administration.20 words
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Advertisement123 1994-01-15 9 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 1 HEAD OF RESEARCH We are looking for a Head of Research to be based in Kuala Lumpur. Responsibilities: To undertake research on listed companies and the Malaysian economy. To lead and supervise a team of analysts. Qualifications: Candidates must have good123 words
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Page 11 Advertisements
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Advertisement284 1994-01-15 11 f*> *•I''■ -s'/ V V'- V< r-.-.Z-v. V; r 1 r t 'Is > H dSilk. A/•" i,* V. '£\v 1 5-- i-- v V Some look at the global Our customers see marketplace and see complexity opportunity. O CHASE understands the nearly 50 countries—product special- But more importandy, it284 words
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Advertisement94 1994-01-15 13 Business Times/Renomt Executive Wear Promotion Make a StuCi^ y statement at work! 9MT' P|^rJi3 Read Business Times and get $200 wonh of Renams vouchers help you to gear up. Get the Business Times from X 17 to 22 January "94. organised by sponsored by: BusinessEmg renOlHa tAFTER 51 P v94 words
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Advertisement30 1994-01-15 13 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead sSSSW® IE offers Bb the most current into/ job opportunities30 words
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Advertisement22 1994-01-15 14 PORT SHOTS The latest in sea, air and land transportation. 1 1 sJNUAn*i( m Business Times r r' wr KMOW ASM I22 words
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Advertisement29 1994-01-15 15 /iteedL HMSH STAKES Don 1 et shortchan ed g° for a coverage you can bank on. \Wr Financial News. Everyday. I /f SINGAPORE• r| 1 \P^(Cy h Business Times29 words
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Advertisement14 1994-01-15 16 li {hcii ibe be si ilnngs I in life are saved uniil marriage? t14 words
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Page 17 Advertisements
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Advertisement61 1994-01-15 17 H essßusinessEmes! imes WE DC* ASH V; **'>* Name: Age Address: Postal Code Occupation: Fax: Tel: (0) (H) Customer Relations Section Circulation Department I Singapore Press Holdings Limited 82 Genting Lane SHE r 7"~ KZV News Centre Singapore 1334 BUSLHCSSIimCS Tel: 1800-749 2377 Fax 744 4875 .ggj 6 Use the61 words
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Page 18 Advertisements
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Advertisement515 1994-01-15 18 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 NOTICE IS HEREBY GIVEN that, L Peck Ah Sun of Blk 601, Clemenij West Si 1, *07-06, Singapore 0512, have Retail L*quorShop Licence in reaped of premises at M/S A. B. HAIR BEAUTY SALONS A VIDEO CENTRE PTE LTD at Blk 815 Jurong West St515 words
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Executive Lifestle
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Article, Illustration1630 1994-01-15 19 Shahiron Sahari - Race for the corporate Will Spex 2000 be able to raise the $2 million it wants each year from corporate sponsors? Shahiron Sahari reports Shahiron Sahari NOT very long ago, the idea of taking up sports for a living was as unlikely in Singapore as a Singaporean winning an Olympic1,630 words
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STRAWS IN THE WIND
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Article188 1994-01-15 19 TAXI drivers in Kuala Lumpur are offering passengers an added service stockmarket tips. Take this conversation, for example: Driver Do you know how the market closed today? Passenger (feigning ignorance): No. Driver KLCI dropped another 67 points, all because Daim opened his big mouth.188 words
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SINGAPORE BUSINESS AWARDS
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Article, Illustration770 1994-01-15 20 Claire Leon - Businessman of the Year: Patrick Ngiam By Claire Leon PATRICK Ngiam thinks it is too early to be recognised for his achievements even though his company IPC won the Enterprise of the Year award in 1991. He is wary of the demon of complacency whichPhoto by Christopher Loh - 770 words
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Article, Illustration608 1994-01-15 20 Quak Hiang Whai - Manager of the Year: Lim Ho Kee By Quak Hiang Whai A RELENTLESS search for innovation. a hands-on approach, a commitment to company and customers. and communication these are words and phrases that pop up often when Lim Ho Kee speaks of his managementPhoto by Arthur Lee - 608 words
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Article, Illustration559 1994-01-15 20 Sylvia Wong - Enterprise Award: Royal Sporting House By Sylvia Wong ROYAL Sporting House plans to take on the China and India markets this year, after capturing a major slice of the local sports goods scene. The managing director of the homegrown chain. J S Gill, saysPhoto by Christopher Loh - 559 words
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OPINIONS
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Article, Illustration1007 1994-01-15 21 Brian Gomez - Brian Gomez on the devastating Australian bush fires Brian Gomez The writer is a Sydney-based journalist who contributes to BT THEY call it the holocaust. Some 150 bush fires simultaneously burning out of control in Sydney and the surrounding region in New South Wales.1,007 words
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Article137 1994-01-15 21 Irene Ng - LETTERS TO THE EDITOR Irene Ng I WRITE with some concern about the way the Telecommunication Authority of Singapore (TAS) has been misquoted in your newspaper this week ("Singapore Telecom must spell out scope of monopoly rights'* BT Jan 10, and "TAS clarifies report on Telecom"137 words
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Article92 1994-01-15 21 PC Lim - PC Lim READER Mr CC Lim in his letter "How to overcome the shortage of brokers" (BT Weekend Edition, Jan 8-9) claimed that he passed the Dealer's Representative Examination more than two years ago, but did not apply for a dealer's licence. I suggest Mr Lim resit92 words
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Article134 1994-01-15 21 Lim Keng Siang - Lim Keng Siang YOUR reader Mr CC Lim, in his letter "How to overcome the shortage of brokers" (BT Weekend Edition, Jan 8-9), has suggested that the Stock Exchange of Singapore (SES) should consider granting licences to persons who have passed the Dealers' Representative Examination134 words
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Personal finance & investment
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BULLS' EYE
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Article, Illustration61 1994-01-15 22 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Crosby Securities, Daiwa Six unties Singapore. DBS Asset Management, Kay Hian James Capet. Kim Eng Securities, Morgan Grenfell Asia Securities, OCBC Securities. Ong Company, Peregrine Securities, Phillip Securities. Schroder61 words
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Article217 1994-01-15 22 m Ong Company (Jan 14) VDH. Emerging power play. After placement of shares, its capital base is looking stronger. Opportunities in power sector continue to be good in Asia. PE currently in the 20s on 1994 earnings. Good growth, good earnings, reasonable valuation. FELS. PE valuation in the mid-20s.217 words
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Article, Illustration223 1994-01-15 22 PT Peregrine Sewu Securities Share illiquidity, a regionally reasonable market valuation, strong earnings growth expectations, a diminutive retail investor component against regional counterparts (especially Thailand and Malaysia), mitigated the Indonesian market's down- side over the past week. By Jan 13, the JSE Index had droppedSource: Tele - 223 words
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Article, Illustration281 1994-01-15 22 Ronnie Teo - Ronnie Teo Director Finad Services Pte Ltd Finad provides discretionary currency trading services on a leveraged basis for customers U\l7 ITH the US economic reT T covery gaining greater momentum as evidenced by the recent rise in capacity utilisation in manufacturing to 83 per cent, a fall281 words
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Article, Illustration975 1994-01-15 22 Agnes Chen - Market meltdown Agnes Chen finds out from the stock market veterans Agnes Chen EVEN stock market veterans were shaken by the ferocity of this week's correction and many reckon the worst is not over. Next week may be volatile, brokers say, as investors remain skittish.975 words
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806 1994-01-15 22 INVESTORS are unlikely to see a repeat of last year's mega-bull run on the Singapore stock market. Among 10 broking firms polled, the most bullish are forecasting a high of 2,800 for the Straits Times Industrials Index in 1994. This represents an806 words
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Article, Illustration495 1994-01-15 22 SLEEPLESS in Singapore, a new movie about investing in the stock market, will be playing throughout 1994. Almost to a man, analysts say sleepless nights are in store for investors as volatility becomes the most predictable element in the stock market the rest of495 words
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Article, Illustration568 1994-01-15 22 Najeeb Jarhom - CHART By Najeeb Jarhom The writer is the research manager of Fraser Securities IT TOOK, a month for the market to chalk up a 350point gain on the Straits Times Industrials Index, only to give it all up in one568 words
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Article, Illustration849 1994-01-15 23 Paul Leo - A wizard tells Paul Leo he makes all his trading decisions based on charts Paul Leo down move in M the Straits I Times Industrials Index ain't over yet," says a world renowned private trader. A week before Robert Krausz's interviewSource: Symmetries (c) 1961,91 J. - 849 words
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720 1994-01-15 23 Quak Hiang Whai - By Quak Hiang Whai NOT TOO long ago. a broking research manager asked a friend if he would like to join his firm as an investment analyst. "It's not a difficult job. all you need to know is price-earn-ings ratio," the manager quipped. It may720 words
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Article, Illustration703 1994-01-15 24 JAIME EE - Cinema Review by JAIME EE IN A perfect world, all convicts would look like Kevin Costner. Kids would yearn to be taken hostage by him, and wc would be convinced that all criminals, no matter how bad, are really good-hearted individuals who got a703 words
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Article, Illustration652 1994-01-15 24 SUSAN TSANG - By SUSAN TSANG IN 1693, in a settlement near a forest. Thackeray Binx wakes up to finds his little sister missing. He sees her running into the woods after a witch, and follows her. But the three evil Sanderson sisters sensuous, airheaded Sarah, obsequious Mary and formidable652 words
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Article, Illustration1615 1994-01-15 24 A J Leow - A J Leow takes a journey back in time as he explores the wondrous cave temples of Ajanta and Ellora in India A J Leow MOST of us have been warned of walls which have ears. But have you come across walls that whisper tales of gossip,1,615 words
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Article, Illustration583 1994-01-15 24 Susan Tsang - Susan Tsang strolls through an exhibition that caters to companies whicl^ollec^rt Susan Tsang ONCE again. Shenn's Art Gallery is conducting its Corporate Art Programme, which caters to companies that collect art. This year, the programme aims to introduce newer artists to the corporate world. There583 words
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SPORTS
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Article, Illustration603 1994-01-15 26 Golf AP HONOLULU Robin Freeman, making the most of his new life on the tour, capped a 9-under-par 63 with a last-hole eagle for a three-shot lead on Thursday in the opening round of the United Airlines Hawaiian Open. Freeman's bogey-free roundAP - 603 words
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Article, Illustration66 1994-01-15 26 AFP NEW YORK Former Philadelphia Phillies pitcher Steve Carlton posing before a press conference on Thursday after being voted into baseball's Hall of Fame the day before. Carlton, who was the only player elected this year with 95.8 per cent of the votes,AFP - 66 words
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306 1994-01-15 26 AP LONDON After its impressive victory over New Zealand. England should be the clear favourite to win the Five Nations rugby union championship which starts today. The French don't see it that way. A week after the All Blacks had crushed Scotland 50-15AP - 306 words
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SPORT SHORTS
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Article, Illustration111 1994-01-15 26 AP Reuter PORTLAND, Oregon Tonya Harding's bodyguard and another man were arrested on Thursday and charged with conspiracy in the attack on Harding's Olympic figure skating rival Nancy Kerrigan. Bodyguard Shawn Eric Eckardt, 26. and Derrick Brian Smith. 29, were arrested in Portland. after two days of confusion andAP; Reuter - 111 words
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Article, Illustration79 1994-01-15 26 AFP NEW YORK Wang Junxia of China, who set world records in the women's 3.000 m and 10.000 m in 1993. is the first Asian to win the Jesse Owens International Trophy, selectors confirmed on Thursday. On Thursday, the International Amateur Athletic Association, which presents the award, said WangAFP - 79 words
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Article, Illustration118 1994-01-15 26 AP AFP Reuter MADEIRA, Portugal Madeira Open leading first round scores (GB unless stated): 67 Jay Townsend (US) 68 Roger Chapman 69 Paul Eales. Mathias Gronberg (Swe). Ruben Alvarez (Arg), Peter Hedblom (Swe), Diego Borrego (Spn). Nick Godin. AFP JOHANNESBURG South African PGA first round on Thursday (par-70, SouthAP; AFP; Reuter - 118 words
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Article, Illustration115 1994-01-15 26 AFP AFP SYDNEY New South Wales Open yesterday Men's s-finals: 1-Pete Sampras (US) b 5-Petr Korda (Cze) 6-3 6-3; Ivan Lend! (US) b 6-Todd Martin (US) 6-4 6-2. Women's q-finals: 2-Gabriela Sabatini (Arc) b Barbara Rittner (Ger) 6-1 6-3; 5-Kimiko Date (Jpn) b 1-Conchita Martinez (Spn) 6-3 6-0; PattyAFP - 115 words
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PEOPLE
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Article, Illustration278 1994-01-15 26 IT WAS a breakfast like no other. Breakfast at Tiffany's kicked the day off for guests of specialty jeweller. Tiffany Co, last October. The American jeweller was opening its South-east Asian flagship store at Ngee Ann City. Breakfast at Tiffany's is also the name of a278 words
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TIME OFF
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Article, Illustration753 1994-01-15 27 Shahiron Sahari - Shahiron Sahari gives his verdict on two new acts spicing up Boat Quay Shahiron Sahari Australia has had a tradition in comedy, with established examples being the likes of Clive James, Barry Humphries (Dame Edna) and Paul Hogan. while more recent ones include Andrew Denton andPhotos by Arthur Lee - 753 words
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Article235 1994-01-15 27 Light in the Village Theatreworks presents this play about a poor village in the East, so poor it can't afford electricity, clean water, etc, until a Brother returns from the affluent West with the promise of a new life. Jan 27 to Feb 8; Bpm on preview- night (Jan235 words
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Article623 1994-01-15 27 SSO Anniversary Concert The SSO celebrates its 15th birthday with a bang in this concert featuring percussionist Evelyn Glennie. Together with the SSO. she will perform Scottish composer James MacMillan's Veni Veni Emmanuel. Other selections that night include Haydn's Symphony No 102 and Tchaikovsky's Suite No 3. The SSO623 words
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Article88 1994-01-15 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. I lam. 12pm, 2pm, 4pm.88 words
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Article, Illustration756 1994-01-15 27 Marriage Enrichment Workshop How do you overcome the obstacles you may face in your marriage? Organised by the Singapore Planned Parenthood Association, presenters Aurora Thisainayagan and John Tan give a few tips on how to make a marriage work better. Today, 2pm at the Conference Room. Golden756 words
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Article171 1994-01-15 27 Snapshots of Pre-War Singapore Singapore's first Chief Minister, David Marshall, will talk about life in Singapore prior to World War Two and share his thoughts, views and experience. Jan 17, Bpm at the Garden. Call 337-7800 for more details. Watercofcurs Derek Corke's art is displayed for the171 words
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Article72 1994-01-15 27 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Galleria. Liang Court, Raffles City. Scotts. Specialists' Centre. Takashimaya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria. Centrepoint and Tangs. Hotline: 269-2929. If72 words
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EPICURE
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Article, Illustration642 1994-01-15 28 SHAHIRON SAHARI - Bon Appetit by SHAHIRON SAHARI THE inspiration for J P Bastiani Mediterranean Bar and Restaurant was a certain Joseph Bastiani, a 19th century fruit cannery owner whose factory stood right where the new Clarke Quay is today. Bastiani was one of Singapore's early entrepreneurs, making his name in642 words
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Article, Illustration1033 1994-01-15 30 Addams Family Values. Raul Julia, Anjelica Huston and their creepy, ooky family are back, with a little addition. Lido: 4.15; 7; 9.30. Changi: 11.15; 1.45. Pavilion: 10.45; 2.55; 7.15. Yishun: 10.25; 12.30; 2.35; 4.40; 7.10; 9.15; 11.50. Bishan: 10.25; 12.30; 2.35; 7.10; 9.15. Amadous. F Murray Abraham plays Antonio1,033 words
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Page 19 Advertisements
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Advertisement158 1994-01-15 19 ;`=&?]'[~(_*'%>::!]&$)*-`['==<; WHAT INTRINSIC QUALITY DOES THIS CLOCK POSSESS WHICH ALLOWS IT TO REPRESENT SWITZERLAND ALL OVER THE WORLD? FOR DECADES THE MOST FAMOUS WATCHTHE WORLD BEEN DISTINGUISHED WITH EXCLUSIVELY ON DERIVING ALL ENERGY FROM WORKS SO THAT EVEN IN 1 4.000 YEARS' TIME ITS A 'W|ff| MOON-PHASE k i WILL158 words
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Advertisement183 1994-01-15 21 B T welcomes letters from jw. Please address them UK The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. ■■■■■■I Arketipo Triclinium line of seating compositions which creates a complete interior. From Italy 2he crime de la crime of European furniture. V 1183 words
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Page 21 Miscellaneous
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Miscellaneous75 1994-01-15 21 fclillai&.M&aj&MJlgJ S»prvPLV UPMT \'V\ IO£f*R»MG FcR tme I ib sn- cioseß I sv4\rt y T»roe, jt's notm»kJG j yb thc uimtxxj..-/ \r wP I I SAM, WrM fOM 4HHMBP N. r f ASMCMTCO WWW«M« tTO- WWW VH" DOONESBURY g*"" y trudeau HB&sAHHmzesF Tnma \j-F., uKBMosr&mmMNM&fT souMrpotuemM&UKK ...rrsNCfTA H6oejmz!'c&K AGoa> hrschavtws,75 words
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Page 22 Advertisements
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Advertisement49 1994-01-15 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 23 Advertisements
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Advertisement52 1994-01-15 23 FEW NAMES GENERATE SUCH HIGH INTEREST AROUND THE WORLD j IwKf \|^k! y\\ Sjoc/usme' Q)i&cotAeyu& and (j/uk ?.m\ '^y/; co<xfr&Mes/isc& bA& jVoto- m <Sb/i<faftchr& !M I Opens January, Happy Hours start from 24th January, Monday to Friday, spm to Bpm The Penthouse, Pacific Plaza, No. 9 Scotts Rd. j .-iZ52 words
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Page 25 Advertisements
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Advertisement21 1994-01-15 25 Hpl i I ft i m fl U A I aI L w CM O 5 O 5 Q W* J21 words
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Page 26 Advertisements
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Advertisement87 1994-01-15 26 ADVERTISEMENT Ri isinessTimes /KENWOOD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G.A.S Dip in Golf Management I HOUD ON just H **1 W ENOU&H SO -THAT j JpC^ '.A NO TENSION CHEERS L V\/ f INTO wrj§ts \a\s jik IN PRO NT OF VOU AND MAKE87 words
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Page 27 Advertisements
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Advertisement100 1994-01-15 27 Fly 4 times a week to Cambodia (Every Tuesday, Wednesday, Friday Sunday) ANGKOR WAT, has been out of reach to tourists for decades. Now, Jr people are rediscovering just what makes this temple one of the Seven Wonders of the World. CAMBODjCa CAMBODIA iktwnatow. c«*m CAMBCOA^ INTERNATIONAL AIRLINES CAMBODIA INTERNATIONAL100 words
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Page 28 Advertisements
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Advertisement91 1994-01-15 28 THK WORLD'S E|| MIMM (.KKATKST HI I MOVIK CII ANNKI. HI m/B&Lt |J I Sl'MMOXKR'S TRAVELS WORLD TOI R ll i*'*»4 mi kjI i iiiK ii« n>r Siiit 31 >(). ;<*<>. pB •S lL'<> '1 Sv ai>) cjl •nun ">ti« »j .ill. V«»'' Sh<"f *|»ii»fcL Ir r~ k:*tfk >|H-fii*H<t .k91 words
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Advertisement98 1994-01-15 28 NOW ijm; VI I mi: \i:\\ w \ki;iioi si: >' i v -K-y P Tlir \IIK\CVI>\IIK\ */"jLJ§ a Showhiiml jpK '3QFi IViliiiiuiiic niehth ii-\i rjii MhmiI.km llll J <lllllk» l"« |>IU M |MII I O I~ 1 Iiii ill ink iH pill Ll/ IlV H I'" iliink* iitlli'i midnijihli ,U98 words
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Advertisement211 1994-01-15 28 GENUINE TASTE OF ITALY. Come and dine at Pasta Fresca. Let our wide range of authentic Italian pasta, pizzas, ice-cream and cappuccino thrill you. And of course, don't miss our most-talked about dessert, Tiramisu. PASTA FRESCA OA SALVATORE PTE LTD BLK 833 »U»ROYAL\ALLEBUICiniMAH ROAD SINGAPORE 1027 TEL' 4m 482 a211 words
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Page 28 Miscellaneous
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Miscellaneous383 1994-01-15 28 in vilification (11) IS New test said to cause abperson's place (6) ■■"'■I 23 Venomous creature catching 28 on" bUt 8 The fool rushes aroond and YESTERDAY'S SOUmOH chd a practical joo uu causes trouble (8) f o r,i P i, If'rl■ IrloMflolrlt|h| 14 Inspector who is not now a383 words
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Page 29 Advertisements
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Advertisement984 1994-01-15 29 where 70 wme > |ne AND entertain Our weekend tea is so satisfying, people sometimes break into song. I Mr Choose from an astonishing variety of savoury and sweet I favourites. And if that s not enough, our tea special also includes karaoke at Singsation. Singapore's only theme I karaoke984 words
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Advertisement272 1994-01-15 29 Fancy Beijing? Then, we're delighted to suggest the Pine Court for a memorable dining experience. X Try our Beijing specialities such as Baked Tench, Beijing Duck and Marinated Lamb and our lunch menu of Beijing dian xin. gl.la> To add to your enjoyment, yffiQ all these are well within your272 words
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Page 30 Miscellaneous
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Miscellaneous2212 1994-01-15 30 TODAY'S TV the high seas. Piracy, sword- fishermen face when they are 1/2 00 DramaPiiihan iM i play and romance are beauti- out catching crabs in the Be- y >} jCI. Rampai Knnjeliar fully filmed, as Flynn plays a ring Sea. Besides the usual cur- ,£s JBT Mm ,i J2,212 words
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