The Business Times, 29 January 1994

Microfilm: NL19042
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times WE KNOW ASIA M IT \(P) 010/12/93 Weekend Edition, January 29-30 1994 75 c
    16 words
  • Article, Illustration
    PMI makes general offer for Metrojaya, raises MUI stake
    604 1  -  By William Chia SINGAPORE Pan Malaysian Industries has announced plans to take over the department store chain Metrojaya and acquire a controlling stake in Malayan United Industries. The move, involving the three listed companies linked to Malaysian tycoon Khoo Kay Peng,
    604 words
  • Article
    S'pore and M'sian shares stay firm, HK stocks dip
    289 1  -  By R Sivanithy SINGAPORE Share prices here and in Malaysia continued to recover yesterday, while prices in Hongkong fell on fears of an interest rate rise. In trading punctuated by bouts of profit-taking, the Straits Times Industrials Index added 13.79 points
    289 words
  • Article
    Lock icon KLSE suspends two stock brokers
    114 1 Reuter KUALA LUMPUR The Kuala Lumpur Stock Exchange (KLSE) has suspended two stockbroking firms Zalik Securities Sdn Bhd, a unit of Zalik Bhd, and Perak Traders Co Sdn Bhd from making any share purchases as a result of their violating an exchange regulation, sources said
    Reuter  -  114 words
  • Article
    Falmac to launch IPO on Tuesday
    174 1  -  By Teh Hooi Ling SINGAPORE Knitting machine maker Falmac will launch its initial public offering on Tuesday the second Sesdaq issue and the third IPO within two weeks. There will be one fixed price tranche comprising all new shares. Sources say the company will
    174 words
  • Article
    PSA plans to revise port tariffs
    489 1  -  Local importers and exporters won't be hit, says authority By Rahita Elias SINGAPORE The Port of Singapore Authority (PSA) plans to revise its port tariffs in the second half of this year its first major revision in 10 years. In a statement yesterday, PSA
    489 words
  • Article
    S'pore-India group launches $250m hi-tech park
    364 1  -  From Walton Morais in BANGALORE A SINGAPORE consortium and its Indian partners launched India's first worldclass business park with a groundbreaking ceremony here yesterday. Prime Minister Goh Chok Tong presided over the ceremony that launched the 5250 million Bangalore Information Technology Park and declared
    364 words
  • Article
    Lock icon US economy surges 5.9pc
    189 1 Bloomberg Business News WASHINGTON The United States economy surged forward at its fastest clip in six years during the final three months of 1993, the Commerce Department said yesterday. Spending by consumers and businesses led the way. In its initial look at national output during the
    Bloomberg Business News  -  189 words
  • 2am LATEST
    • Article
      Lock icon Dow Jones up 17 points
      49 1 AFP NEW YORK Blue chips climbcd in early trading yesterday after the US government reported that gross domestic product rose at an annual rate of 5.9 per cent in the final quarter of 1993. The Dow climbed 17.44 points to 3.943.74 at Ipm EST.
      AFP  -  49 words
  • Article
    MARKET SUMMARY
    116 1 Stock market indicts Friday Ckragr ST II 2300.07. +13.79 KLSE Composite .1 .090.06 15.82 Nikkei 18.757.18 -133.91 Hang Seng 11.377.13 -92.59 SET lnde\ 1.507.35 +9.26 Jakarta C omposite 592.65. +2.18 CLSA China B 1.266 38 -28.55 Ausl All Ord 2.259.9 +9 2 FTSE 100 3447 4. +20 I
    116 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      27 1 Lifestyle Cover Story: el Competition at the clubs Forget the Chinese New Year rally Or so some analysts say, Page EL 4 Garuda plans listing Page 7
      27 words
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      Page 1 Advertisements Column 2
      37 1 Stockwatch: Hup Seng Huat el 5 Don*t look for doubling of offer price Full reports. Pages 13, 16 Bangkok exchange keeps tabs on capital inflow, Page 3 S'pore Telecom to raise $300 m from bonds Page 6
      37 words
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      Page 1 Advertisements Column 3
      214 1 Hock Lock Siew: pg 6 /9J -p Seek answers at Guthrie EGhi 1 Hosokawa strikes deal on reform Bills, Back Page Of lasting value This watch belongs to the SDB collection of antique watches at jfiL- Rolex Geneva. The great tradition of the watchmakers of Geneva is preserved in the
      214 words
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      Page 1 Advertisements Column 4
      6 1 Musicals: el 6,7 Cmtlict or co-existence?
      6 words
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      Page 1 Advertisements Column 5
      43 1 ;";=!%<|+$<"!:\['~=:)(?~?^@&@[+ COMIIHfIj Nmti CaapaaiM S pore Mews 2 S"port*w 6.7 Regional News 3 Fnanaai 9.10 Region 'World 4 Uinrlrl C Mil wono 9 RUritts FMtww Qob/KLSE. SES 1416 PI E14.5 RetoW 12 Reviews £16.7 World 12 Sports Currenoo -10 TV/R*to ELI2 Smex Ommm _—11
      43 words
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  • SINGAPORE NEWS
    • Article, Illustration
      SDC surplus slumps on drop in golf income
      289 2 THE Sentosa Development Corporation suffered a plunge in operating surplus as no entrance fees were collected for new golf memberships. During the financial year ended March 31, 1993, it collected 13 per cent more admission charges of $13.3 million. However, total operating
      289 words
    • Article, Illustration
      January car sales dip as market awaits more COEs
      446 2  -  «y Ramesh Divyanathan CAR SALES have taken a tumble this month after shooting up late last year. Dealers are blaming the poor business on a lacklustre stock market, the prevailing high prices of certificates of entitlement (COEs), and recent government hints
      446 words
    • Article
      Dharmala selling last 13 Ardmore Point units
      287 2  -  By Joycelyn Shu THE Indonesian Dharmala Group has put up 13 units of its luxury freehold apartments at Ardmore Point for sale. The sale, aimed at cashing in on the buoyant property market, was advertised recently in the local newspapers. So far. none
      287 words
    • Article
      Correction
      44 2 IN AN ARTICLE by Professor Mukul Ashcr in our Regional Analysis pages on Jan 26. an editing error resulted in Bangladesh being omitted from the list of members of the South Asian Association for Regional Cooperation (SAARC). We are sorry for the error.
      44 words
    • Article
      Cash, card or cheque option for tourists9 GST refunds
      237 2 Cash, card or cheque option for tourists 9 GST refunds SINGAPORE Tourists here will have the option of receiving GST refunds by cheque, credit card or cash when the Goods and Services Tax comes into effect on April 1. These options were modelled after the tourist refund systems in the
      237 words
    • Article
      Changi Airport's double-digit traffic growth
      244 2 SINGAPORE Changi Airport last year was busier than ever, achieving double-digit growths in both passenger and cargo volumes. In 1993. nearly 20 million passengers passed through the airport, an increase of 10 per cent over 1992. Airfreight shipments through Changi also grew strongly, rising 16.6
      244 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      164 2 4** 4 %ss (i t't jazz <• d <ft th e Blue si est cafe in town! Sit back, relax and unwind amidst grciit ambience, food food, knockout drink* and jazz like ner e r In• fo re. Featuring Lire I very Xight The I ere my Monte iro Bund
      164 words
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      Page 2 Advertisements Column 2
      21 2 "It was plain sailing selling my cabin cnnseE (piii/ T m °s OutL men *9*U*S Call today for results tomorrow. 737-1166
      21 words
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      Page 2 Advertisements Column 3
      96 2 ACT NOW! jjc get more THAN 12% DISCOUNT PAY WjM ONLY $200 NETT* TOWN applicable only to our $228 hamper (Code PCH 09), containing an Otard XO 70cl, an Otard XO 35cl and along with 10 other quality food products ja (12 items worth $496.85) j from now till 4
      96 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      535 2 I WEATHER Windy with occasional showers from morning. (Temperature range: 24-31). Ma-Pacttc M/U* Cmt. lmn» */L»' Cm*. Buenos A--es 26 18 R*r Aucklar4 26 20 Cloudy Amsterdam 07 Ol Cloud* Cncago 05.01 ftar ayigKc* 29 19 Clear *tnecs 14 05 Clear Mono**. 25 20 Cloudy Be"* 06 7 Cloudy Beatn
      535 words
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  • THE REGION
    • Article
      Bangkok has no plans to curb capital inflow, says finance minister
      379 3  -  From Loh Hui Yin in BANGKOK THAILAND will monitor the inflow of capital into its stock market but has no "dramatic" plan to curb it. Finance Minister Tarrin Nimmanahaeminda said yesterday. "We want to enforce regulations and laws which
      379 words
    • Article, Illustration
      Lock icon It's not fare, say Taiwan bus drivers
      38 3 Reuter TAIPEI About 1,000 Taiwanese bus drivers, demanding a hike in bus fares, protesting outside the city government building in central Taipei on Thursday, holding up traffic in the area. Reuter
      Reuter  -  38 words
    • Article
      Lock icon Taiwan firm plans February start for Subic project
      283 3 Reuter TAIPEI Taiwan will start building an industrial park in the former United States naval base at Subic Bay in the Philippines next month, the Taiwanese developer said yesterday. "We have sent a team there to sign final agreements on rentals, property
      Reuter  -  283 words
    • Article
      Lock icon Manila hikes fuel prices, unions threaten strike
      273 3 AFP MANILA The cashstrappcd Philippine government drastically raised fuel and electricity prices yesterday in an apparent bid to secure a new International Monetary Fund (IMF) programme to support economic recovery. Unions responded by calling for a general strike to force the government to
      AFP  -  273 words
    • Article
      Lock icon Prolonged recession raises Japan's jobless rate to 6-year high of 2.9pc
      481 3 Reuter TOKYO Japan's prolonged recession pushed up the jobless rate to 2.9 per cent, the highest level in 6Vi years, the government said yesterday. The rate has inched up 0.1 percentage point for four consecutive months, the steepest pace
      Reuter  -  481 words
    • Article
      Lock icon Manufacturing likely to fuel M'sian growth again this year
      441 3 Bloomberg Business News Bernama. KUALA LUMPUR The domestic-oriented manufacturing sector can lead Malaysia's economy to another year of favourable growth, the executive director of the Malaysian Institute of Economic Research (Mier), Kamal Salih, said yesterday. Dr Kamal said that Malaysia could
      Bloomberg Business News; Bernama.  -  441 words
    • Article
      Lock icon China to take step towards currency float: report
      380 3 Reuter HONGKONG China is to take a significant step towards making its currency freely convertible in April by creating a "supervised" foreign exchange market, a Beijing-controlled newspaper said yesterday. Quoting an authoritative official, the daily Ta Kung Pao stressed full free convertibility
      Reuter  -  380 words
    • Article
      Lock icon Island row with M'sia near solution: Jakarta
      233 3 Reuter JAKARTA Indonesia said yesterday that it is close to resolving a long-running dispute with Malaysia over ownership of two islands off Borneo, one a popular diving centre. The official Antara news agency quoted the head of the Indonesian delegation at talks in
      Reuter  -  233 words
    • ASIA NOTES
      • Article
        Lock icon HongkongBank's Indon staff to strike
        95 3 Reuter JAKARTA Workers at the Indonesian branches of the Hongkong and Shanghai Banking Corp will strike on Monday because of disagreements with management, a statement from the bank's workers' union said yesterday. According to the statement, workers were demanding, among other things, increases in retirement
        Reuter  -  95 words
      • Article, Illustration
        Lock icon Vietnam, Japan sign 53b yen loan deals
        56 3 Reuter HANOI Vietnamese Deputy Prime Minister Phan Van Khai (right) making a toast with Hiroshi Kikumoto (left), vice-president of Japan's Overseas Economic Cooperation Fund (OECF), as Japanese Ambassador Hiroyuki Yushita (centre) looks on afWr the signing of loan agreements worth 53.15 billion yen
        Reuter  -  56 words
      • Article
        Lock icon Apec officials to meet in Jakarta
        115 3 Reuter JAKARTA Senior officials from the Asia Pacific Economic Cooperation (Apec) will meet in Jakarta next week to discuss follow-up action to the Seattle summit, a foreign ministry ofTicial said yesterday. The Feb 2-4 meeting will also prepare the ground for the sixth Apec
        Reuter  -  115 words
      • Article
        Lock icon Japan industrial output shrinks 4.5pc
        110 3 AFP TOKYO Japan's industrial output contracted for the second year in a row last year with the index of mining and manufacturing shrinking 4.5 per cent, the Ministry of International Trade and Industry said yesterday. The decline, which followed a contraction of 6.1 per cent
        AFP  -  110 words
    • Article
      Lock icon Indian MP vows to drive out Coke and Pepsi
      173 3 AP NEW DELHI The Quit India Movement has resurfaced, but this time the target is not the British Empire, but CocaCola and Pepsi. Parliament member George Fernandes vowed to use the same tactics that helped end British rule over India to
      AP  -  173 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
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      44 words
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  • THE REGION/WORLD
    • Article
      Lock icon Hosokawa, Opposition leader reach last-minute deal on reform Bills
      578 4 AFP. Reuter TOKYO Japan's Prime Minister Morihiro Hosokawa reached a last-minute compromise on stalled political reform Bills with Opposition leader Yohei Kono late yesterday, only 24 hours before a parliamentary deadline expires. Although the deal ended an impasse which had threatened
      AFP.; Reuter  -  578 words
    • Article
      Lock icon BankAmerica to buy Continental Bank for US$1.9b
      277 4 AP. Bloomberg Business News, Reuter SAN FRANCISCO BankAmerica Corp yesterday announced plans to acquire Continental Bank Corp of Chicago for USSI.9 billion (SS3 billion) in stock and cash, in one of history's largest banking combinations. The deal would be BankAmerica's first major acquisition
      AP.; Bloomberg Business News,; Reuter  -  277 words
    • Article
      Lock icon Malaysia to build M$17b theme park in Kedah
      259 4 AFP. Bernama ALOR STAR. Kedah Suria Eksklusif Sdn Bhd, a consortium of environment and management specialists, has signed a deal to build aMS 17 billion (SS9.B billion) international theme park in Kedah which will be bigger than Euro Disney in Paris, officials
      AFP.; Bernama  -  259 words
    • Article
      HKBank raises mortgage rate in bid to cool HK property market
      349 4  -  From Catherine Ong in HONGKONG HONGKONGBANK and its subsidiary Hang Seng Bank yesterday announced changes to their home mortgage lending policies to help cool the territory's overheated property market. Rumours of the changes triggered heavy selling of property stocks,
      349 words
    • Article, Illustration
      Lock icon DBS Bank gets approval to set up branch office in Bombay
      394 4  -  PM Goh's visit to India From Walton Morais in BOMBAY DBS BANK has been granted approval by the Indian authorities to set up a branch office in Bombay, bank president Patrick Yeoh announced yesterday. As a first step, the
      Reuter  -  394 words
    • Article
      Lock icon Paperwork pileup delays foreign buying of Indian shares
      317 4 Reuter BOMBAY Up to USSI.S billion (552.4 billion) in potential investment by foreign mutual funds in Indian stock markets is being held up because of outdated clearing systems, brokers and bankers said yesterday. A boom in foreign investment in Indian stocks has
      Reuter  -  317 words
    • Article
      HK govt revises airport financing plan, denies secret pact with China
      426 4  -  From Catherine Ong in HONGKONG THE Hongkong government has been forced to revise a financing plan for its new airport following China's objections. but Beijing's claim ot a secret deal on borrowings for the project has been summarily dismissed
      426 words
    • Article
      Lock icon Beijing reassures trading partners over imports
      481 4 AFP. Reuter, Bloomberg Business News BEIJING China reassured its trading partners yesterday that it will not eonsider reducing imports to balance its foreign trade deficit and will push ahead with reforms to further integrate with the world market. Minister of Foreign Trade and Economic
      AFP.; Reuter,; Bloomberg Business News  -  481 words
    • Article
      Lock icon China's foreign investment doubles for second year running
      326 4 Bloomberg Business News BEIJING China's contracted foreign investment doubled last year for the second year running but the flood of overseas companies helped swell the nation's trade deficit, according to official figures. China approved 83,265 foreign investment projects with a contractual value
      Bloomberg Business News  -  326 words
    • Article
      Lock icon Most people in HK said to be gloomy about future
      318 4 AFP HONGKONG Most residents hold a "very dim view" of Hongkong's future, a University of Hong Kong researcher said yesterday. A survey of 3,500 people showed that only about 20 per cent of respondents thought the political situation the wrangling
      AFP  -  318 words
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  • THE WORLD
    • Article
      Gatt chief calls for new forum on world economy
      498 5  -  World Economic Forum From Vikram Khanna in DAVOS, Switzerland THE world needs a new high-level forum to discuss economic matters in order to reflect the realities of the 21st century, said the director of the General Agreement on Tariffs and Trade,
      498 words
    • Article, Illustration
      Lock icon Making ends meet in Moscow
      55 5 Reuter MOSCOW A Russian man carrying cartons of cigarettes which he bought for resale in a Moscow market on Thursday. A large number of Russians try to make ends meet by starting small enterprises, buying goods cheaply in wholesale stores and selling them at a
      Reuter  -  55 words
    • Article
      Clinton to decide on lifting Viet trade ban soon?
      201 5  -  From Leon Hadar in WASHINGTON THE United States Senate's vote on Thursday urging the administration to lift the US trade embargo against Vietnam has a symbolic value: it reflects the political support on Capitol Hill for moving towards improving US relationship
      201 words
    • Article
      Lock icon US trade offensive on Japan may backfire, say analysts
      487 5 Reuter WASHINGTON The Clinton administration's tough trade strategy towards Japan may backfire, squeezing out piecemeal concessions from Tokyo but crushing chances for genuine economic reform, analysts say. The two sides have vowed to come up with a handful of trade agreements
      Reuter  -  487 words
    • WORLD WATCH
      • Article
        Lock icon German union to stage mass walk-out
        95 5 Reuter FRANKFURT Hundreds of thousands of engineering workers arc likely to disrupt factories across Germany next week in angry protests at emplo>er threats to freeze wages and cut back on holiday benefits. Germany's powerful IG Metall union yesterday called on workers to down tools,
        Reuter  -  95 words
      • Article
        Lock icon Spanish workers end 24-hour strike
        89 5 Reuter MADRID Spanish workers returned to work yesterday after a 24-hour general strike against government economic policy with unions and the Socialist administration still at odds over how successful the stoppage was and what happens next. The government vowed to push ahead with controversial labour
        Reuter  -  89 words
      • Article
        Lock icon French 3rd qtr GDP revised to 0.3pc
        78 5 Bloomberg Business News PARIS The French economy grew more rapidly in the third quarter of 1993 than earlier thought, but economists expect the fourth quarter to show a deterioration and predict the recovery will be at best fragile through early 1994. France's gross
        Bloomberg Business News  -  78 words
      • Article
        Lock icon UK steps up supervision of regulators
        93 5 Bloomberg Business News LONDON The Securities and Investments Board, the senior regulatory body for business and finance, is to spend an extra £1.3 million (SS3.I million) stepping up its supervision of other financial regulators, the Financial Times reported. Expenditure will increase 7.5 per cent
        Bloomberg Business News  -  93 words
      • Article
        Lock icon Major rebuffs attack over M'sian deal
        102 5 Reuter LONDON British Prime Minister John Major has hit out at Liberal Democrat David Steel for denouncing Britain's £234 million (***** million) deal on a hydro-electric dam project in Malaysia. Sir David called on Mr Major to comment on reports that the project was
        Reuter  -  102 words
    • Article
      Lock icon US Congressional Budget Office lowers estimates on deficits
      442 5 AP. Reuter WASHINGTON Congressional Budget Office Director Robert Reischauer has announced that President Bill Clinton's fiscal policies would result in lower federal budget deficits over the next few years than the non-partisan agency had predicted a year ago. Mr Reischauer on Thursday
      AP.; Reuter  -  442 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
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    1,720 words
  • Page 5 Advertisements
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
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      73 words
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  • COMPANIES & MARKETS
    • Article
      S'pore Telecom to raise $300m through bond issue
      417 6  -  By Quak Hiang Whai SINGAPORE Telecom will soon issue bonds worth $300 million, in its first debt raising since going public last year. The nation's largest listed company said yesterday it had signed an agreement with POSBank and DBS Bank un- der
      417 words
    • Article, Illustration
      Lock icon JSL to take 25pc stake in Atlantis shipyard
      352 6  -  By Juliette Walker SINGAPORE Jurong Shipyard Ltd (JSL) will take an initial 25 per cent equity stake in Atlantis Engineering Construction, a mediumsized shipyard wholly owned by Neptune Orient Lines (NOL). Atlantis general manager Chung Kim Soon said the stake would enhance
      Photo by Chris Loh  -  352 words
    • Article
      Guthrie minority shareholders should seek clarifications at EGM
      897 6  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE On Monday, Guthrie GTS shareholders will vote at an extraordinary general meeting on two proposals. The first is to grant one of its directors, Albert Hong, the right of first refusal to buy the
      897 words
    • Article
      IPC and NCB arm tie up to develop multimedia products
      392 6  -  By Claire Leow SINGAPORE Mainboardlisted IPC Corp announced yesterday that it is developing a slew of multimedia products for use in personal computers with the help of the Information Technology Institute (ITI). The ITI. the research arm of the National
      392 words
    • Article
      Alliance Technology among six vying for Fort Canning site
      244 6 SINGAPORE Alliance Technology and Development is vying with five other bidders for the chance to lease and redevelop the former Singapore Command and Staff College Building in Fort Canning Park. The Urban Redevelopment Authority said in a statement last night that
      244 words
    • Article, Illustration
      Lock icon Untitled
      348 6 Source: Bridge Info Performance of STII's lnd«X stocks Jan 28 Last StMt ladrx Slock sale Chat factor aotcn (it <S) N S Avimo 2 MO -0010 1.47 -1.06 C&C 7 800 -0 300 498 -31 91 (AM 3 080 0 020 1% 213 Ccrcbos 8 100 0 500 5.17 $3
      Source: Bridge Info  -  348 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Khong Guan Flour's profit rises 49pc
          43 7 SINGAPORE Khong Guan Flour Milling has reported a 49 per cent increase in net earnings to $468,200 for the six months to Oct 31, 1993. based on a 128 per cent jump in turnover to 5i4.9 million.
          43 words
        • Article
          Centrepoint appoints alternate director
          38 7 SINGAPORE Centrepoint Properties has appointed Tan Yam Pin as alternate director to Michael Fam. from Feb 1. The appointment is non-executive in nature, although Mr Tan is an executive with parent company Fraser Neave.
          38 words
        • Article
          Lim Kah Ngam unit raises stake
          63 7 SINGAPORE Lim Kah Ngam's wholly-owned subsidiary. LKN Development, yesterday lifted its investment in Nirwana Properties from MSI million (*****.000) to M 54.5 million by subscribing for 3.5 million shares of MSI each at par value. Meanwhile, a wholly-owned subsidiary of LKN Development. Island Resort
          63 words
        • Article
          SES nod for new Van Der Horst shares
          44 7 SINGAPORE Van Der Horst says it has received in-principle approval from the Stock Exchange of Singapore to list and quote 8.6 million new ordinary shares of Si each to be placed out at SB.lO per share.
          44 words
        • Article
          Lock icon Taiping's interim pre-tax profit up
          83 7 Bernama KUALA LUMPUR Taiping Consolidated Bhd. an investment holding firm, has reported a group pre-tax profit of MS 1.44 million (*****.000) for the six months ended Oct 31, 1993, up 1.8 per cent from MS 1.42 million previously. Group turnover, however, fell by 54.7 per
          Bernama  -  83 words
        • Article
          Lock icon George Kent plans M$50m bond issue
          66 7 Bernama KUALA LUMPUR George Kent Malaysia Bhd has announced a proposed MSSO million (SS29 million) bond issue with 16.87 million detachable warrants holding subscription rights to the same number of new 50-sen ordinary shares. Arab-Malaysian Merchant Bank Bhd said on behalf of the company
          Bernama  -  66 words
      • Article
        Phua Tin How to become SBS' managing director
        183 7 SINGAPORE Phua Tin How, the president's principal private secretary will take over from Tan Kong Eng as managing director of Singapore Bus Services on Feb 1. In a statement to the Stock Exchange of Singapore yesterday. SBS said Mr Tan will retire
        183 words
      • Article
        Lock icon KLSE fall opens up buying opportunities: Merrill Lynch
        396 7 Reuter KUALA LUMPUR Merrill Lynch Co said the 25 per cent pullback in the Malaysian stock market earlier this month has created good buying opportunities of selected stocks that are driven by strong fundamentals. The Kuala Lumpur Stock Exchange Composite Index should
        Reuter  -  396 words
      • Article
        Lock icon Garuda plans listing in 1995 either in Jakarta or abroad
        589 7 Reuter JAKARTA Indonesia's national carrier. Garuda Indonesia. wants to go public in 1995. a move which brokers say would highlight the appeal of this sprawling archipelago's aviation industry'. "We will try to carry out the process of going public in
        Reuter  -  589 words
      • Article, Illustration
        SSL consortium asked to repair damage to two historical Hanoi buildings
        448 7  -  By Harish Mehta SINGAPORE The Hanoi government has asked a consortium led by Singapore's Straits Steamship Land Ltd (SSL) to repair damage caused to two historical buildings as a result of vibrations generated by its downtown construction site. The
        448 words
      • Article
        Hongkong Telecom to open offices in S Korea, Taiwan
        251 7 SINGAPORE Hongkong Telecom will open new offices in South Korea and Taiwan in the next two months. Deputy chief executive Peter Howell-Davics said in an interview here yesterday that the carrier is also hoping to offer the personal communications network (PCN)
        251 words
      • Article
        Lock icon Hong Leong property unit to get M$70m loan
        212 7 Bernama KUALA LUMPUR Bedford Damansara Heights Development Sdn Bhd. a wholly owned subsidiary of Hong Leong Properties Bhd. has entered into an agreement with a consortium of 10 financial institutions for a MS7O million (Ss4o million) guaranteed revolving underwriting facility (GRUF). Under
        Bernama  -  212 words
      • Article
        Globe Telecom seeks 250m peso tax incentives
        455 7  -  From Al Labita in MANILA GLOBE TELECOM, a Filipi-no-Singapore joint venture, has asked the government to extend tax incentives to its US$57 million (5590.6 million) cellular telephone project to ensure its viability. The listed company, a partnership between Ayala Corp and Singapore Telecom,
        455 words
      • Article
        UNIT TRUSTS & FUNDS
        521 7 UNIT TRUSTS FUNDS Minn... prta*<$) UMB Invest Mgt Ltd ii-ii Tmrl I. nilund 1.50 1.56 Singapore untr irusi umtwmn- 102 1.045 The Commcree 1.75 1-84 I'mtoJ Gr Fund! 1.63 1.70 The Savings Fund 1.65 1.7J United Asia Fund 1.95 205* S"porc Prog Fund 0.73 0.77 S pore Sec Fund 104
        521 words
      • Article
        DIVIDENDS ANNOUNCED
        248 7 Payment Ex Books Pay date close dale Asia Pacific F I8N Feb 9 Feb 15 Feb 23 Bcrjava (iroup I 6 Mar II Mar 28 Apr 18 Berja a Ind I 4 Mar II Mar 28 Apr 1 Bcrjava Leisure I S Feb 22 Mar 8 Apr 6
        248 words
      • COMPANY BRIEFS
        • Article
          Lock icon Taiwan eases foreign broker curbs
          68 8 Reuter TAIPEI Taiwan's Securities and Exchange Commission (SEC) said it was easing curbs on the creation of brokerage branches and foreign investment in securities houses, giving foreigners the same rights as local operators. A previous regulation allowed Taiwan to limit the number and nature of
          Reuter  -  68 words
        • Article
          Lock icon Shougang in US$12b steel drive
          88 8 Reuter HONGKONG China's state-owned Shougang Corporation, which holds major stakes in three Hongkong-listed companies, is launching a USSI2 billion (Ssl9 billion) project in a bid to become one of the top three steel makers in the world, company president Luo Bingsheng said. "We aim at
          Reuter  -  88 words
        • Article
          Lock icon World Trade Centre's big turnaround
          58 8 Bloomberg Business News HONGKONG Property investment company World Trade Centre Group said its net profit was HK5429.1 million (5588.7 million) in the six months ended Sep 30 1993. The company reported a loss of HKSI9.6 million in the year earlier period. The figures are after
          Bloomberg Business News  -  58 words
        • Article
          Lock icon Second profit report boosts Wang
          76 8 Bloomberg Business News LOWELL, Massachusetts Wang Laboratories Inc shares rose 12 per cent in active trading on Thursday after the company posted its second consecutive quarterly profit. The computer software and services company, which emerged from Chapter 11 bankruptcy protection in September, reported net income
          Bloomberg Business News  -  76 words
      • Article
        Lock icon Silicon Graphics chairman quitting to set up new firm
        200 8 Bloomberg Business News MOUNTAIN VIEW, California Silicon Graphics Inc (SGI), one of the world's biggest makers of computer workstations, said on Thursday that founder-chairman James H Clark would resign on Feb 28. Mr Clark said he wants to pursue new opportunities
        Bloomberg Business News  -  200 words
      • Article
        Lock icon Samsung Heavy weighs in with successful debut
        378 8 S Korean and foreign investors snap up shipbuilder Reuter SEOUL South Korea's Samsung Heavy Industries Co Ltd made a successful debut on the Seoul bourse yesterday with frenetic buying interest from local and foreign investors. As soon as trading in SHI started, the
        Reuter  -  378 words
      • Article
        Lock icon KEB listing, bank rights issue get nod
        298 8 Reuter SEOUL South Korea will allow the listing of Korea Exchange Bank (KEB) and a rights issue by the Commercial Bank of Korea, both in April, say finance ministry officials. In a move seen by share analysts as a fresh attempt to cool
        Reuter  -  298 words
      • Article
        Lock icon Coca-Cola's fourth-quarter earnings rise 19pc
        252 8 Bloomberg Business News ATLANTA Coca-Cola Co on Thursday reported a 19 per cent gain in fourth-quarter 1993 earnings as surging sales in several emerging markets and the United States offset continued weakness in reces-sion-racked Japan, Europe and Africa. The world's largest soda maker posted profit
        Bloomberg Business News  -  252 words
      • Article
        Lock icon HK securities watchdog issues code of conduct for dealers
        233 8 AFP HONGKONG Hongkong's securities watchdog, the Securities and Futures Commission (SFC), released yesterday its code of conduct for securities and futures dealers and advisers. "The Code of Conduct articulates the standard of practice which the SFC expects from licensed persons, and
        AFP  -  233 words
      • Article
        Lock icon Ameritech to expand video services investment
        245 8 NYT NEW YORK In one of the largest applications of advanced communications services to consumers, Ameritech Corp plans to spend an additional US$4.4 billion (SS7 billion) to take video conferencing and other video services to the home, for a total expenditure of USS29 billion
        NYT  -  245 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Two quit S'pore financial boutique to return to industry
        301 9  -  By Paul Leo SINGAPORE Two financial entrepreneurs have called it quits almost one year after teaming up to launch a financial boutique. Former directors Phillip Seet and Ronnie Teo have relinquished their shares in Finad Services to return to the finance
        301 words
      • Article
        Lock icon Fed approves merger that will create 11th-largest bank in US
        252 9 Bloomberg Business News WASHINGTON The merger of Keycorp and Society Corp was approved on Thursday by the Federal Reserve in one of the few steps remaining before the two banks may form the United States' llth-largest banking company. The US$7.7
        Bloomberg Business News  -  252 words
      • Article, Illustration
        Bears emerge for greenback
        476 9 DBS Weekly Currency Review US$/DM: Bearish week! THE greenback was bearish this week as it traded from 1.7550 to a low of 1.7260 on Thursday. The technical view is mixed, with crucial support level seen at 1.7240 the low on Jan 10. A breach of this
        476 words
      • Article
        New policy to cover business overheads in event of injury
        301 9  -  By Soh Tiang Keng SINGAPORE An insurance plan to cushion sole proprietors and business partners against overhead expenses should they become disabled has been launched by Zurich Insurance (Singapore). Eric Pryde, the company's managing director, said the plan, known as
        301 words
      • SMALL CHANGE
        • Article
          Lock icon Citic HK issues HK$500m bonds
          73 9 Reuter HONGKONG Citic Hong Kong Finance Ltd has issued HKSSOO million (*****.4 million) in 6.9 per cent fixed rate bonds due March 7, 2001, with a fixed price re-ofTer of 99.95. lead manager J P Morgan Securities Asia Ltd said. The issue, paid quarterly, is
          Reuter  -  73 words
        • Article
          Lock icon Indonesian bid to shore up stand-by loan
          70 9 AFP JAKARTA Indonesia's central bank has assigned six major foreign banks to seek USS4OO million (SS64O million) to shore up the country's stand-by loan, it said yesterday. Bank Indonesia (BI) said the stand-by loans were in case of a sudden increase in international
          AFP  -  70 words
        • Article
          Lock icon US money fund assets fall US$2.3b
          77 9 Bloomberg Business News WASHINGTON The assets of the United States' 651 retail money market mutual funds dropped by US$2.3 billion (553.68 billion) to U*****.8 billion for the week ended Jan 26, according to the Investment Company Institute, the mutual fund industry's trade group. The
          Bloomberg Business News  -  77 words
        • Article
          Lock icon Bank of Boston doubles dividend
          96 9 Bloomberg Business News BOSTON Bank of Boston Corp said it more than doubled its quarterly cash dividend to 22 US cents (35 S cents) a share from 10 cents. The dividend is payable Feb 25. "We are pleased to improve the return to our stockholders
          Bloomberg Business News  -  96 words
      • Article
        Lock icon De Beers plans talks in Moscow on dumping of diamonds
        437 10 Reuter LONDON South Africa's De Beers Consolidated Mines group, which dominates the world diamond market, said on Thursday it planned talks in Moscow shortly over recent destabilising leaks from Russia's huge gem stockpile. De Beers' London-based Central Sfclling Organisation said
        Reuter  -  437 words
      • Article
        Lock icon Banks see strong interest in metal index warrants
        441 10 Reuter LONDON Investment banks report very strong interest in recently issued and probably unique metal index call warrants as buyers bet on prices rallying further on the back of economic revival. "It has been phenomenal," said one banker. J P Morgan. Goldman
        Reuter  -  441 words
      • Article
        Lock icon US banks put final touches on plans for Mexico expansion
        441 10 Reuter MEXICO CITY US banks, eager to position themselves in Mexico now that the North American Free Trade Agreement opens the way, are putting final touches on their expansion plans. Citicorp, JP Morgan and Co Inc, Chemical Banking Corp, Chase
        Reuter  -  441 words
      • Article, Illustration
        Lock icon Insurer State Farm badly burnt by cold weather
        406 10 Bloomberg Business News BLOOMINGTON, Indiana State Farm Mutual Automobile Insurance Co, the largest property and casualty insurer in the US, on Thursday said the frigid weather in the eastem and mid-western US is the 19th costliest home and business catastrophe in company
        Bloomberg Business News  -  406 words
      • Article, Illustration
        Banque Indosuez REGIONAL CURRENCY REPORT
        135 10 THE US dollar surprised most traders by moving much lower overnight against the major currencies despite good US durable good numbers. It moved a touch higher yesterday on profit-taking and fresh purchases of the unit. Against the Singapore dollar, it traded within a nar- row
        135 words
      • Article
        Lock icon London
        197 10 Bloomberg Business News LONDON The dollar recovered to endthe day little changed here after dropping more than a pfennigs hen US fourth-quarter gross domestic product statistics showed inflation is still subdued even though growth was the fastest in six years. Speculation the Federal Reserve may buy dollars for yen
        Bloomberg Business News  -  197 words
      • Article
        Lock icon American dependence on foreign oil expected to grow
        319 10 AP WASHINGTON America's dependence on foreign oil will continue to grow into the next century, with net imports reaching 60 per cent of domestic consumption by the year 2010, the Energy Department predicted yesterday. The department's annual Energy Outlook Report said that
        AP  -  319 words
      • Article
        Lock icon New York
        92 10 Reuler NEW YORK The dollar turned higher against the mark and yen at US middav. shaking ofT a heavy bout ol* selling Disappointment in a report of a 1.3 per cent rise in the fourth-quarter implicit deflator pushed the dollar to intraday lows of 1.7190 marks and 108.15
        Reuler  -  92 words
      • Article
        Lock icon Australia's Newcrest posts record gold sales
        276 10 Bloomberg Business News MELBOURNE Australian miner Newcrest Ltd said it sold a record of almost three quarters of a million ounces of gold in 1993. Newcrest is one of Australia's largest gold producers. In Western Australia state, Newcrest wholly owns the Telfcr and Ora
        Bloomberg Business News  -  276 words
      • Article, Illustration
        Untitled
        1526 10 lraJt-weiKhied index lulcubueJ afatiM Spore's lop 14 trading partners Base year I9B< US$/S$ forward rates Noon Jan 28 SS Bid Offer 1-month 1.5947 1.5962 2-month 1.5456 1.5971 )-month 1.5966 1.5981 6-month ***** 1.6010 Source OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES At at ltaa m Jm 2S: Singapore dollars to
        1,526 words
    • Article
      Lock icon Euroyen ends firm on support from Nikkei
      1298 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures finished steady to firm but ofT intraday highs bolstered by a recovery in the Nikkei cash market. Contracts were on the mend earlier as the Nikkei resumed its decline on concern Japan's political reforms
      Reuter  -  1,298 words
    • Article
      KL tin soars to new 8-month high
      614 11 COMMODITY REPORTS Tin TIN soared lo a new eightmonth high by the close on strong European and Far East buying interest, fuelled by LME advances, traders said. A reserve of sellers ahead of the weekend also lifted local prices, they said. The metal
      614 words
    • KNIGHT-RIDDER COMMODITY SUMMARY
      • Article
        Nigeria hikes crude prices
        104 11 LONDON The Nigerian National Petroleum Corp has raised the term contract price formula for all of its crude grades in February by between 20 and 34 US cents per barrel, a source at the company said. In February. Bonny Light and Qua Iboe grades will be
        104 words
      • Article
        Soymeal market quiet after ringgit fall
        88 11 SINGAPORE The South-east Asian soymeal market's steadiness and quietness this week has given some of Malaysia's smaller soymeal importers a chance to lick their wounds and reassess their positions after being burnt by the ringgit's recent sharp fall. The importers incurred big losses after
        88 words
      • Article
        Indonesia buys Chinese corn
        46 11 SINGAPORE Indonesia this week bought up to two cargoes, or a total of 20.000 tonnes, of Chinese corn for prompt shipment, said traders. The price was estimated at around USSI3I per tonne C&F. though Indonesian buyers have been seeking purchases about US$l2B.
        46 words
      • Article
        Japan copper output up 2.4 per cent
        119 11 TOKYO Japan's electrolytic copper production rose to 1.19 million tonnes in 1993 up 2.4 per cent from a year before, according to figures released by the Ministry of International Trade and Industry'. Production of refined zinc last year fell 4.5 per cent from
        119 words
    • Article
      COMMODITY PRICES
      1587 11 Rubber RAS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest Feb 94 000 000 132.75 0 250 Mar 134.50 134.50 134.75 100 4.650 Apr 136 25 135.25 137.00 500 4.750 May 139.00 139.00 138.75 100
      1,587 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1269 12 +9.2 OVERSEAS demand drove the Australian share market higher at the close and back towards its post-1987 crash high. "Rises in the Dow Jones and the broad US market meant international equity news was positive and we were driven by off-shore demand." said one broker. Gold shares suffered following
        1,269 words
      • Article
        Manila
        608 12 -73.35 Share prices closed lower after the government announced higher prices for petrol and other petroleum products, brokers said. The Manila and Makati composite indices ended about 73 points lower. Stocks had opened softer on disappointment over San Miguel Corp's 1993 earnings. Benpres Holding Corp. meanwhile, fell to 14.50
        608 words
      • Article
        Taipei
        561 12 -6.31 Taiwan share prices closed mixed after Thursday's strong rebound. Late profit-taking was seen in financials while most industrials rose slightly. The index ended 6.31 points off at 6.016.08, off an opening high of 6.088.56. in active turnover of NT578.27 billion. Financials, which led Thursday's rebound and yesterday's early
        561 words
      • Article
        Seoul
        414 12 +19.31 Share prices, on a rising path for the past four days, shot up on the Korea Stock Exchange in extremely heavy trading yesterday. The composite index of the exchange, which posted a 13.10 point upsurge in the previous session, added another 19.31 points to close at 926.75, the
        414 words
      • Article
        New Zealand
        307 12 +29.86 Shares ended at a 52-month high, fuelled by a 16-cent rise in Telecom and broad support for most other leaders. The NZSE-40 capital index gained 29.86 points (1.29 per cent) to 2,338.28 while the Small Companies Capital Index gained 58.24 points (1.15 per cent) to 5,108.36. Telecom
        307 words
      • Article
        Bombay
        93 12 -16.57 Share prices closed lower in the Bombay stock market on late profit taking, which pushed the index down from a 20-month high at mid-session, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 4.052.82 points, down 16.57. The 100-share national index was up 2.28 points
        93 words
    • WORLD STOCK MARKETS
      • Article
        London
        644 12 20.1 Equities staged a dramatic recovery during the afternoon session, as better-than-expccted US economic data lifted share prices on both sides of the Atlantic, dealers and analysts said. The FTSE 100 index, which was off 24 points at one point during the morning session, finished the final day of
        644 words
      • Article
        Paris
        137 12 +32.22 French shares were boosted during the afternoon by encouraging US economic data and finished the session on a 1.41-per cent gain, with buying from American investors also driving the CAC-40 index January future. dealers said. The CAC-40 index ended up 32.22. or 1.41 per cent, at 2,313.17. Of
        137 words
      • Article
        Stockholm
        140 12 +0.83pc Swedish shares ended the week higher with both the all-share index and Volvo B closing at new record highs and dealers seeing no sign of an expected downturn. The all-share index was up 0.83 per cent at 1550.09 on strong US GDP figures. The OMX index rose 0.84
        140 words
      • Article
        Frankfurt
        199 12 +8.33 German share prices, supported by firm DAX and bund futures prices, held onto prc-boursc and session gains to close higher yesterday. The DAX index closed at 2,133.47. up 0.39 percent or 8.33 points from the last session close and up 10.16 points from the IBIS close. Traders expect
        199 words
      • Article
        Brussels
        136 12 +2.15 Belgian stocks hit recordhighs for the second consecutive day as interest rates continucdto tumble amid signs of economic recovery, analysts and traderssaid. The Bel 20 index rose 2.15 points, or 0.14 per cent, to 1516.75 ina bullish day for European markets. Advancing stocks outnumbered decliners 10-to-eight in lowerthan
        136 words
      • Article
        Milan
        156 12 I.Blpc Shares were booted upwards by another strong performance from Montedison, in record volumes of 1.138 trillion lire worth of shares despite a listless opening. The Mibtcl index was at 10,362, up 1.81 per cent. Montedison gained 6.43 per cent to 1,159 lire as speculation persists of stake-building, though
        156 words
      • Article
        Amsterdam
        231 12 +4.07 Dutch stocks ended higherbccausc of European-wide optimism about the US economy, traders said. The Amsterdam-EOE index of the 24 largest Dutch stocksgaincd 4.07 points to 429.78. Advancers outnumbered dcclincrs by 19 to three; two stocks ended unchanged. A total of 9.2 million shares changed hands; less than l4.smillion
        231 words
      • Article
        Zurich
        242 12 +20.06 Swiss shares closed markedly higher in active trade. Dealers said positive inflation data pushed prices up. The Broad SPI index was up 20.06 points at new record of 1,986.44. The blue-chip SMI put on 46.2, or 1.49 percent, to 3,141.4. The market was seen moving higher next week.
        242 words
      • Article
        Johannesburg
        295 12 +8 Gold shares ended with hefty losses yesterday as bullion reversed midweek gains overnight and brought fresh sellers to the market. Market leader De Beers came under increased pressure in line with easing interest from local and offshore players recently. The gold index finished 119 points, or 5.9 per
        295 words
      • Article
        Toronto
        292 12 19.13 Stocks jumped early on broad market gains led by soaring pipeline, mining and consumer product issues. dealers said. The TSE composite index climbed 19.13 points to 4486.48 on volume of 19.88 shares valued at C 5228.16 million. Advancing issues outpaced declines 224 to 245 with 240 stocks unchanged.
        292 words
      • Article
        New York
        742 12 14.63 The Dow Jones Industrial Average was ahead 14.63 points to 3940.93 at 11 am EST. The key baromctrc was up more than 20 points earlier. The New York Stock Exchange composite index was ahead 0.91 to 265.28, while Standard Poors 500-stock index was up 1.44 to 478.49.
        742 words
      • Article
        Untitled
        821 12 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 38 6400 38.6500 Mini Jcrscv Gill 0 18«*3 0 1992 Mim Mat Income I 0900 ****** LSS Cask Income Plus Fund 10 7700 11 3400 PS t Reserve Fund 5 2400 5 2500 Sirrtins I auat> Euro Performance 0 4592 0
        821 words
    • Article, Illustration
      Lock icon HONGKONG
      3123 13 Reuter HONGKONG Share prices closed weaker after a day of volatile trading on rumours that banks were making efforts to dampen property speculation. brokers said. Brokers said the market sold off sharply before lunch as speculation swept the market that banks were planning to increase mortgage rates. Hongkongßank and
      Reuter; Source: Bridge Info  -  3,123 words
    • Article, Illustration
      CHINA
      509 13 THE week ended with further decline in both the Shanghai and Shenzhen markets. The CLSA Shanghai B Index dipped 2.82 per cent or 27.45 points to 947.03 yesterday. The market lacked support as the foreign institutional investors were on the sidelines while local investors dumped their shares. Wing Sung
      509 words
    • Article, Illustration
      Lock icon TOKYO
      2437 13 Reuter TOKYO Stocks ended weaker, though off lows, in light cautious trade. Institutions retreated to the sidelines ahead of the end of the Diet session today. waiting for further political developments, brokers said. Dealers' pre-weekend position adjustment hit prices. The Nikkei average closed at 18.757.88 down 133.91 points or
      Reuter; Source: Bridge Info  -  2,437 words
    • Article, Illustration
      Lock icon BANGKOK
      1861 13 Reuter BANGKOK The SET index broke through the 1.500 resistance level and ended the day at 1.507.35 points on increased turnover, which brokers said showed some confidence had returned to the stock market. The index increased by 9.26 points against the day before on turnover of 19.4* billion baht
      Reuter; Source: Bridge Info  -  1,861 words
    • Article, Illustration
      Lock icon JAKARTA
      1139 13 Reuter JAKARTA Share prices closed mixed in active trading with cigarette maker Sampoerna closing up 11.5 per cent on bullish 1994 forecasts, brokers said. The official index rose 2.18 points to close at 592.65. "Trading has been fairly active today with Sampoerna the star performer. We're bullish on its
      Reuter; Source: Bridge Info  -  1,139 words
    • Article, Illustration
      Lock icon CLOB INTERNATIONAL
      2445 14 Source: Bridge Info Source: Bridge Info MOST ACTIVE volume kamunting 50c 40.724.000 KiB C'orpn TSR 7.9W.OOO Ind Oxvgcn Wt95 7.680.000 KiB orpn 50c 7.563 000 Idns H\d 50c 7.357.000 AMtJB 50c 6.738.000 tahcr Group 6.712.000 Promcl 6.620.000 MIJI 5.890.000 Kcnong Bhd 50c 5.697.000 FACB 50c 5.280 000 Mctropk-x
      Source: Bridge Info  -  2,445 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Prices close mixed after a day of fluctuations
        5730 14 Bernama KUALA LUMPUR Share prices here closed mixed in a "y<>yo" trading yesterday, with buying support in selective blue chips and profit-taking in second liners. The all Main Board share Emas Index added 2.74 points to 318.06 after fluctuating between 320.74 and
        Bernama; Source: Bridge Info  -  5,730 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7125 15 WAIN BOARD Transaction date: Jan 28 Or Or IMV44 Last Vol l)at 1-ast Ottole IN* IMt Id Net M (*p High low Cofliptiay Sale 000) High Low Bum Seller S Of S P/E Smil INDUSTRIAL AND COMMERCIAL 1440 260 I Acma 1230 *40 210 1230 1210 1230 1240 12.5 2.1
        7,125 words
      • Article, Illustration
        Lock icon Prices end firmer on market's resilience
        1748 16  -  By R Sivanithy SINGAPORE Share prices ended the week firmer yesterday, with the market displaying resilience by absorbing bouts of profit-taking throughout the day. In choppy trading, the Straits Times Industrials Index added 13.79 points to finish at 2300.07. The index had earlier risen
        Source: Bridge Info  -  1,748 words
      • Article, Illustration
        Public Bank Bhd
        137 16  -  HOT STOCK By Quak Hiang Whai THE highly profitable Public Bank Bhd looks a reasonable buy at the present level. The stock picked up four cents yesterday to 52.72 on volume of 1.49 million shares. It appears to be correcting upwards from a base of S2 earlier
        137 words
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      Page 6 Advertisements Column 1
      174 6 ASIAN k AER^SPACE'94 A BT special supplement February 22,1994 The world's aerospace industry has flown through rough weather lately. Pinched by intense competition and global recession, the industry has cancelled and delayed aircraft orders. For their part, aircraft and engine manufacturers have had to slash costs and lay off thousands
      174 words
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      50 7 nn Business Times WE KNOW ASM Address I Mail or fax this form to: Postal Code Customer Relations Section Circulation Department M Singapore Press Holdings Limited 82 Genting Lane Occupation Fax 7^^ fe-~S■ News Centre Singapore 1334 iSNS? M Tel: 1800-749 2577 Fax 744 4875 Tel (O) H I c
      50 words
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  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      551 8 Vend Voy Ho Berth Annul Dtpartoe Vetsd V«y No Btrth hmd Dtpartae ill rone Port bum s<*ed4 A8294* poia 28.01/1530 2&01/1630 Asean Success 1/94 110/11 alongside 2901/1200 Ba(am Speed4 ****** POIA 2901/0930 2901/1500 Astrea 01/94 118 alongside 2901/0600 Bo K*n 2 01/94 P01A 29.01/1530 3001/0600 Batam Matu
      551 words
    • Article
      CONTAINER SCHEDULES
      1667 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containm nttabk Ship Voy Hp Cwtoiwn ntUbk Nuova Trust 5005W COD(EST) 27 0194 1500 PHopoi 1117 COD(EST) 29.0194 0600 Petr Staro 07*094 COO(EST) *****4 1900 Petra 1 PT401S COO(EST) 29 0194 0630 Petrodvorets 1B06* COO(EST) 28 01 94
      1,667 words
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      Page 9 Advertisements Column 1
      299 9 Sound, Solid Secure t VwySghßWc cO» vA VVIV Very High Ftotum f .n' ''t'-i- I i /IS Slocks A Star** High Risk, HSgh ftetum Yes, we believe a substantial portion of your savings should be placed in investments which are Sound, Solid I The Asia Life CPF Approved Plans Action
      299 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      39 11 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. QasaFiNE^ mamammmmm cax& An SPH AudloTtx Sarvlc* I
      39 words
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      Page 11 Advertisements Column 2
      37 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead Business heats up M. when you make the ja&^T call and VfT^ place an CXTJ. ad. 1717-it—
      37 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      106 13 The Zenith Rainbow Collection Legend at Sea and on Land Jv Kw El Pritnero automatic chronograph movement ppp Ktf '|-j~ Water resistant to 100 m or 50m. jf-r' Above Beyond ne Lid 1 Maritime Square *02-101 Expo Gateway Tel: *****42. Cortina WaldiCcnl>*ne Lid F SOl-34 Raffles City Shopptng Centre Tel:
      106 words
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      195 15 The Zenith Rainbow Collection inillfffciTY A Legend at Sea and on Land Vtk f Primero automatic chronograph movement Wm <■■ Non-reflecting sapphire glass. Ib j- |*£>- Wafer resistant to 100 m or 50m. HI;•"-"" "V'S' yM Available in gold, gold and steel or steel. ■■^bb v -a LEFT MOde N
      195 words
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      798 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTER OF THE COMPANIES ACT. CAP St AND IN THE MATTER OF SINO-SINGA GROWTH CO PTE LTD (In Mcmbcn' Voluntary Liquidationi NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Company Act, Cap 50 that the Final General Meeting of
      798 words
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      Page 16 Advertisements Column 2
      179 16 EQUESTRIENE INVESTMENT PTE LTD (In Members' Voluntary Liquidation) (Incorporated in the Republic of Singapore) NOTICE Of FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50, that the Final Meeting of members of the abovenamed Company will be held at 4 Gul Street 1
      179 words
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      Page 16 Advertisements Column 3
      219 16 BROKERS 1 STOCK PICKS in Personal Finance and Investment on Saturdays i Business Hmes/Renoma Executive,wear Promotion MsgS-^ *if -ift. 1,; >• .v, v> #H I 111 BM_BB_BB B B BB B^^ I B B B2^^ s i 4 A W -B B JC^W| x ';£&mr&' Make a styfish statement at
      219 words
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  • ISEAS Trends
    • Article, Illustration
      China's reforms reconstruct a new social base for political change
      1861 17  -  You Ji examines China's attempts to get 'back to the future' You Ji You Ji. a Chinese national, is a Visiting Fellow at the Contemporary China Centre. Australian National University. Canberra. CHINA'S post-Mao industrial reforms have gradually transformed state-society relations
      1,861 words
    • Article, Illustration
      Bridging the two Asias: Goh's visit to India
      936 17  -  Mamoon Mansoor looks at the increasing inter-linkages between Asean and South Asia Mamoon Mansoor Mamoon Xtansoor is the Deputy Press Secretary to the Prime Minister oj Bangladesh, and is currently on a Research Fellowship at ISEAS. SINGAPORE Prime Minister Goh Chok Tong's
      936 words
    • Article, Illustration
      Indulging teenage 'techno-consumption'
      1674 18  -  C J W-L Wee looks at a new wave of consumer-led popular culture that is being imbibed by Singapore youth C J W-L Wee %Dr C J H '-L Wee is a Lecturer in Arts at the S'anyang Technological University, Singapore. Recently, i was using the pedestrian
      1,674 words
    • Article
      Singapore's gilded youth are lacking in heart
      1183 18  -  A newly-acquired complacency and self-satisfaction are replacing traces of humanism among young Singaporeans, contends Derek da Cunha Derek da Cunha The writer is a Fellow of I SEAS and Editor of Trends. Every man who will not have softening of the heart must
      1,183 words
    • Article
      ISEAS' postmodernist foray
      190 18 THE Institute of Southeast Asian Startles will be holding a workshop on "Post-modernist Scholarship in Southeast Asia" on Feb 25-26. 1994. The workshop will bring together scholars from Southeast Asia to discuss their research concerns in the light of theoretical and methodological issues raised by postmodernist theory.
      190 words
    • Article
      What East Asian civilisation?
      1156 19  -  Civilisational rhetoric from East Asia is only encouraging a hostile response from the Atlantic World, says Gerald Segal Gerald Segal Dr Gerald Segal is a Senior Fellow at the International Institute for Strategic Studies in London, and editor of The Pacific Review. WE are into 1994.
      1,156 words
    • Article, Illustration
      Myanmar's state-military symbiosis
      1519 19  -  Tatmadaw is instituting a symbiotic relationship with the Myanmar state to play a leading role in national politics, contends Tin Maung Maung Than Tin Maung Maung Than Tin Maung Maung Than is a Research Fellow at the Institute of Southeast Asian Studies, THE genealogy of the armed
      1,519 words
    • Article, Illustration
      The East-West ideological debate
      1435 19  -  C Ram-Prasad scrutinises the models and values, from Asia and the West, which are now in apparent ideological contention C Ram-Prasad Dr C Ram-Prasad is a Lecturer in the Department of Philosophy. National University of Singapore. HERE is an ideological debate (ideological in the strict sense
      1,435 words
    • Article, Illustration
      Of silk and spices, opium and oil
      1445 20  -  P Lim Pui Huen recalls the ancient maritime trade routes that crossed from East to West P Lim Pui Huen P Lim Pin Huen is a Research Fellow at ISEAS. and Associate Editor of Trends. TRADE between East Asia and Europe can be
      1,445 words
    • Article, Illustration
      Defence and foreign policy implications of Malaysia's Vision 2020 goal
      1599 20  -  Malaysia's younger Malay leaders look to the regional and international dimensions of a national goal, observes Chandran Jeshurun Chandran Jeshurun Dr Chandran Jeshurun is a Senior Fellow at ISEAS. EVER since the Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad
      1,599 words
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      Page 18 Advertisements Column 1
      120 18 11* Institute The Institute of Southeast Asian Studies was established as an autonomous organisation in 1968. It is a regional research centre for scholars and other specialists concerned with modern South-east Asia, particularly the many-faceted problems of stability and security, economic development, and political and social change. The Institute is
      120 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Competition at the clubs
      1513 21  -  Has the market for exclusive nightspots in Singapore reached saturation point? Shahiron Sahari and Corinne Kerk report Shahiron Sahari,Corinne Kerk IT'S HIP to be elite these days. A rash of upmarket, trend-setting nightspots sprouting up in Singapore attest to that. People don't just want to be
      Photos by Arthur Lee  -  1,513 words
    • STRAWS IN THE WIND
      • Article
        Pressed for time
        98 21 IN CHINA, it is inevitable that the hosts will go round the tables during dinners and even mid-day lunches to toast their overseas guests and jointventure partners. During a recent trip, the hosts noticed that Singapore journalists were not "bottoming up". When told that they had to
        98 words
      • Article
        Mum's lot
        43 21 TALK about losing one's pants on the stockmarket. A stockbroker was flabbergasted when a client called asking him to sell his mother's bra. It took him a while to figure out that the client wanted to sell his mother's Tri-M shares.
        43 words
      • Article
        Turn of phrase
        44 21 AT A ship's christening, the guest of honour hailed the ship's maiden voyage. But a chap from China was a bit confused about the concept of a maiden voyage. He was overhead asking someone in Mandarin: "Shouldn't that be 'virgin voyage'?"
        44 words
    • OPINIONS
      • Article, Illustration
        The way to a more prosperous world for all
        3133 22  -  Senior Minister Lee Kuan Yew will co-chair the World Economic Forum annual meeting in Davos this weekend. He spoke recently to Lance Knobel about Singapore's success, East Asia's advantages, the loss of nerve in Europe and the US, and the role
        3,133 words
      • Article
        Indian stocks are trading at around 40 times prospective P/E
        667 22  -  LETTER TO THE EDITOR Vinod Kumar Gupta Nanyang Technological University I HAVE read with interest the article "An Indian bull run with strong fundamentals" (BT. Jan 21). Undoubtedly. the Indian cconomy is opening up and presents a good investment opportunity.
        667 words
    • PROFILE
      • Article, Illustration
        Lock icon The method in this madness
        3893 23  -  Michael Medved reports on the strange obsessions and even stranger methods of Oscar-winning actor Daniel Day-Lewis Michael Medved The Sunday Times, London UA LOT of actors today pretend to be crazy. It m adds to their JL jL. mystique and gives them more of an
        The Sunday Times, London  -  3,893 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          Lock icon BT SENTIMENT INDEX (JAN 31-FEB 4)
          722 24 No. of respondents Those polled on their views of the Singapore stock market for the week ahead: Crosby Securities, Daiwa Securities Singapore, Kay Hian James Capel. Kim Eng Securities, Nomura Research Institute, OCBC Investment Research. Peregrine Securities. Phillip Securities Research, Schroder Securities, Smith New
          Source: Bloomberg  -  722 words
        • Article, Illustration
          In my opinion...
          197 24  -  Li Shu Lin Deputy general manager Industrial Commercial Bank of China (Singapore) ENDING new securities regulations, a slowing in the pace of new listings of B shares has, to a certain extent, been evident in China. Trading activities have also decreased due to the advent of H
          197 words
      • Article
        No cheer for the Lunar New Year
        670 24  -  Investors will have to wait for the March results season for a rally, analysts tell Agnes Chen Agnes Chen INVESTORS looking forward to a Lunar New Year rally will likely be disappointed, and analysts say it will take the March results season to
        670 words
      • Article, Illustration
        Lock icon Be prepared for a slow, grinding rally with intermittent profit-taking
        468 24  -  CHA^ By Chew Eng Han The writer is assistant manager of investments with NTUC Income SINGAPORE and Malaysian equity markets have taken a severe beating in recent weeks. With some Malaysian counters down as much as 50 per cent, public
        Source: Bloomberg  -  468 words
      • Article, Illustration
        10 pitfalls to avoid on the way to the stock market
        908 24  -  By Quak Hiang Whai SO YOU wake up one morning and you feel great. Something tells you that you have to buy something. You call your broker and buy 10 lots of your favourite Clob counter at $4 a
        908 words
      • Article
        Lock icon The best bets in Hongkong stocks
        822 24  -  A HK brokerage is calling a buy on China play stocks, reports Agnes Chen Agnes Chen Source: Standard Chartered Securities Research Ltd POWERED by the China growth engine, Hongkong's Hang Seng Index is likely to surge towards the 14,500-point mark this year, says Standard
        Source: Standard Chartered Securities Research Ltd  -  822 words
      • Article, Illustration
        Don't look for a doubling of Hup Seng Huat's offer price
        1023 25  -  By Teh Hooi Ling THE FIRST new member for the main board of the Stock Exchange of Singapore in 1994 Hup Seng Huat is not one of those stocks that will double its share price on the first day
        1,023 words
      • Article, Illustration
        The tortuous road to replacing a lost scrip
        860 25  -  Joyce Quek takes you through the saga of an investor who lost his share scrip Joyce Quek SO YOU'VE lost your share scrip and don't know what to do. Well, follow the saga of Mr N E Body and, hopefully, the pay-as-you-learn
        860 words
      • Article, Illustration
        A Masterpiece designed for the rich and priceless
        769 25  -  Shiv Taneja on a new policy aimed at high society Shiv Taneja WHO SAID being rich is easy? Having spent a lifetime acquiring the trappings of affluence and here we are talking about the rich and the famous with their priceless collections
        769 words
      • Article, Illustration
        Lock icon Fundamentals point north for A$
        539 25  -  Spotlight currency By Paul Leo THE AUSTRALIAN dollar has started the year on a strong footing, rising 3.3 per cent or U550.0223 to U550.7070 per A$ since the start of the year. Against the Singapore dollar, it has risen 2.4 per cent or 550.026 to
        Source: TeleTrac  -  539 words
      • Article
        ACU deposit rates offered by various banks(as at Jan 27 1994)
        678 25 rf ir Deposit amount l-wk 1-mth 3-mth 6-mth Deposit amount 1-wk l-rnth 3-mth 6-mth Amex Bank 50.000 Above 3.0000 4.0000 ***** ***** Dmk CS 10 000 49 999 99 4 0000 $.5000 $.0000 5.0000 SS5.000-US$20,000 2.0000 2.0000 2.0625 2.1250
        678 words
    • Article, Illustration
      Anything but brief
      894 26  -  Cinema Review By JAIME EE OKAY FOLKS. Ladies and gentlemen. Judge and jury. Gather round as we pass judgement on the latest in cinema theatrics, henceforth known as Pelican vs Roberts. Full name: The Pelican Brief. First, we call the prosecution the aforementioned pelican, whose life is
      894 words
    • Article, Illustration
      Creatures of habit
      586 26  -  By SUSAN TSANG DELORIS Van Cartier is prancing happily oo a stage in Las Vegas when three Marys come for her. Sisters Mary Patrick, Mary Lazarus and Mary Robert enlist their friend's help and get her to reprise her Sister Act. In Sister Act 2: Back In
      586 words
    • Article, Illustration
      Conflict or coexistence?
      1055 26  -  Les Miserable; is finally here. Will it steal the thunder from Bugis Street, which opens at the same time? Jaime Ee talks to the shows' producers Jaime Ee IF THE musical Cats was an appetiser for the hungry Singapore theatregoer, the main course is about to be
      1,055 words
    • Article, Illustration
      The road less travelled
      1405 26  -  Samuel Ee opts for a very different route to Desaru and offers some tips on how to get there in one piece Samuel Ee IT WAS a route I'd been promised I had never taken before. The destination was Desaru; the mode of transport a four-wheel-drive
      1,405 words
    • Article, Illustration
      Fox coffee, anyone?
      591 27  -  Harish Mehta finds out more about this rare Vietnamese treat i Harish Mehta THE VIETNAMESE are reputed to have a fondness for hot dogs. Real roasted dogs that is. Dig a little deeper into the country's culinary psyche, and you'll find that the people enjoy canines of
      591 words
    • SPORTS
      • Article, Illustration
        Lock icon An ail-American final between Sampras, Martin
        879 28 Australian Open AP MELBOURNE It's an all-American final between two all-American guys. It's the top player in the sport Pete Sampras against no-name Todd Martin at the Australian Open. Sampras was awesome in ending the two-year reign of his friend and rival Jim Courier,
        AP  -  879 words
      • Article, Illustration
        Lock icon A battle of styles and strengths
        473 28 AP MELBOURNE Power vs speed. Attack vs counterattack. Blazing forehands vs looping lobs. The Australian Open women's final between Stefti Graf and Arantxa Sanchez Vicario will feature players with vastly different styles and strengths. Graf, seeking her fourth straight Grand Slam title, has the
        AP  -  473 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon Basketball
          210 28 Reuter AFP NEW YORK NBA Thursday: Cleveland 100 Chicago 84; Washington 98 Dallas 9S; Houston 113 Sacramento 97; Denver 113 Indiana 106; Seattle 102 New Jersey 92; LA Clippers 101 New York 103. Reuter NEW YORK Charles Barkley says he is not a role model, but he is still
          Reuter; AFP  -  210 words
        • Article, Illustration
          Lock icon Cricket
          41 28 Reuter ADELAIDE Australia were 240 for four wickets at stumps on the opening day of the third and final test against South Africa at the Adelaide Oval yesterdav. South Africa lead the series 1-0 after a victory in Sydney. Rcutcr
          Reuter  -  41 words
        • Article, Illustration
          Lock icon Golf
          137 28 AFP SCOTTSDALE, Arizona Phoenix Open leading first-round scores on Thursday (LS unless stated. Six players failed to finish and will complete their first rounds Friday morning): 65 Gary McCord. Mark Lye. Dan Foreman 66 Rick Fehr. Bob Estes. Brandcl Chamblce. Mike Hulbert 67 Greg Kraft. Blaine McCallister. Phil Mickelson.
          AFP  -  137 words
        • Article, Illustration
          Lock icon Tennis
          242 28 AFP AFP MELBOURNE LS$5.7 million Australian Open semifinals Friday Men's singles: Todd Martin (US x 9) b Stefan Edberg (Swe x 4) 3-6 7-6 (9-7) 7-6 (9-7) 7-6 (7-4); Pete Sampras (US xl) b Jim Courier (US x 3) 6-3 6-4 6-4. Women's doubles: Patty Fendick/Meredith McGrath (US x
          AFP  -  242 words
        • Article, Illustration
          Lock icon Ice hockey
          37 28 Reuter NEW YORK NHL rhursda>: Buffalo 7 Washington 2; Ottawa I Hartford 1 (OT); Pittsburgh 3 Quebec 0; Chicago 3 Detroit 4 (OT); LA 4 NY Rangers 5 (OT); Vancouver 2 Dallas 3 (OT). Reuter
          Reuter  -  37 words
        • Article, Illustration
          Lock icon Ice skating
          161 28 AP PORT!-AND Tears welling in her eyes and lips quivering. Tonya Harding confessed on Thursday that she knew about the alleged involvement of people close to her in the attack on rival Nancy Kerrigan. But Harding steadfastly said she was not involved and knew nothing of the assault
          AP  -  161 words
        • Article, Illustration
          Lock icon Rugby
          112 28 AFP CARDIFF Mike Raycr. two-try hero of Wales* 29-6 drubbing of Scotland here earlier this month, has been axed for the Five Nations clash with Ireland in Dublin on Feb 5. The Welsh selectors have gone for a specialist wing to replace Nigel Walker, who was substituted by Raver
          AFP  -  112 words
      • Article, Illustration
        Lock icon Els back down to earth with a second round 69
        328 28 Golf Reuter DUBAI South African Ernie Els came back down to earth with a second round 69 in the Dubai Desert Classic yesterday. But though his three-under-par round was modest compared with Thursday's course record of 61, Els remained a
        Reuter  -  328 words
      • Article, Illustration
        Lock icon The rematch that no one wanted for this season
        723 28 Super Bowl XXVIII Reuter ATLANTA Of the millions of football conversations in stadiums. living rooms, and pubs across the nation this season virtually none began with the phrase: "Wouldn't it be great if Dallas and BufTalo met in the Super Bowl
        Reuter  -  723 words
    • TIME OFF
      • Article, Illustration
        Blowing the blues away
        722 29  -  Shahiron Sahari drops in on a new joint for jazz fans Shahiron Sahari JAZZ musicians, like most artistes, have had to suffer for their art. Jeremy Monteiro, despite greater fame than many, has had to suffer more than most. Ironically, a flourishing advertising jingles business all
        722 words
      • Article
        PERFORMANCES
        311 29 Kumara Sambhavam The Nrityalaya Aesthetics Society presents this Indian dance-drama based on a poem by Kalidasa. Today. 7pm at the Victoria Theatre. Tickets at $8. $10 and $15 available from the Stamford Arts Centre and Jothi Flower Shop. Campbell Lane. Malam Gema Tari III An evening of dance presented
        311 words
      • Article
        CONCERTS
        494 29 Art Faztl in Concert Art's first full-length solo concert promises to be a night of pure music. He will perform songs from his solo album which contains the hit. Sometimes When I Feel Blue. the more caustic Everybody else. Mama I Can't Breathe and Moon Over Marina Bay. Today.
        494 words
      • Article
        FILMS
        169 29 The GfMt ARi6ncjfl Arfvwtur® Experience the wonders of the USA through these three filmlets. See the awesome wonders of the Grand Canyon. the sunny side of Hawaii and the power of the Niagara Falls. Show times: I lam: Hidden Hawaii: 12pm: Niagara Miracles. Myths and Magic: Ipm: Grand Canyon
        169 words
      • Article, Illustration
        EXHIBITIONS AND TALKS
        750 29 Art Course far Beginners Calling all budding artists. Courses on design, abstract painting, Chinese brush painting, high-fashion dressmaking. photography and origami are being conducted by the LaSalle-SIA College of the Arts. Every Saturday. Call 440-4686 for more details. Children's Maths Workshop Numbers and equations need not be
        750 words
      • Article
        AT THE SUBSTATION
        110 29 Maaf Kan Anan Teater Kami presents this play about a teenager who having been brought up in a wealthy environment, dismisses the poor and disabled as society's liabilities. Feb 4 and 5: 3pm at the Guinness Theatre. Tickets at $5. Quiet Shades Jason Tan uses the base
        110 words
      • Article
        AUDITIONS
        141 29 Death of a S ale«man The Singapore Repertory Theatre needs actors for the roles of Biff, Happy, Uncle Ben and Bar Ladies in their all-Asian production of Arthur Miller's play that will be staged in May. Males should be reasonably athletic in appearance to play an age range form
        141 words
      • Article
        TICKETING
        90 29  -  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. TicketCharge outlets are at Metro stores, Wisma Atria. Centrepoint and Tangs. Hotline: 269-2929. If you
        90 words
    • PEOPLE
      • Article, Illustration
        Lock icon Rivals the year through, friends for an evening
        201 29 AT WORK, they are arch-rivals and almost never meet each other but last Monday was an exception. About 10 senior advertising executives with a combined estimated annual billing of S2OO million sat at the same table for dinner at the Regent Hotel.
        Photos by Arthur Lee  -  201 words
    • EPICURE
      • Article, Illustration
        A new menu for Maxim's
        661 30  -  Bon Appetit By SUSAN TSANG AFTER years as the definitive formal French restaurant, Maxim's de Paris at the Regent Hotel has decided to lighten up. This means that the waiters no longer confront you in forbidding black and white, but serve you in brighter, Thomas
        661 words
      • Article
        Swiss sensations at Goodwood Park Hotel
        646 30  -  By SUSAN TSANG THINK Swiss food, and the mind becomes heavy cheese and cream sauces, hearty chunks of meat with roesti potatoes. But we were feeling rather buoyant and were game for a touch of Swiss at the Goodwood Park Hotel. Lunch began at
        646 words
      • Article, Illustration
        Notes from the Raffles tasting
        820 30  -  Wine By N K YONG THE FIRST-EVER extensive tasting in Singapore of the 1982 clarets took place at the Raffles Hotel earlier this month. Led by Serena SutclifTe, head of the wine department at Sotheby's in London, 50-odd guests sipped and tasted their way through
        820 words
    • Article, Illustration
      CINEMA
      981 32 Addams Family Values. Raul Julia, Anjelica Huston and their creepv, ooky family are back. Lido: 4.15; 7; 9.30. Yishun: 12.35: 4.50; 7.15: 11.45. American Heart Jeff Bridges is an ex-con trying to get to Alaska with his troubled son. Marina 1: 11.45pm tonight; 10am tomorrow. A Perfect World. Kevin
      981 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      45 21 1,1 hn 0 n 24-hour "Loan A Information Service Approval" S r W 1800 334 3588 *****3 6 8 8 a FEBRUARY 1994 I MINE WAS AN I I indario ARRANGED Lingerie MARRIAGE we love What we want him to give us! FEBRUARY'S HER WORLD
      45 words
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      Page 22 Advertisements Column 1
      26 22 B T 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.
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      30 28 m a* J x W" I ffej •f| v tf > ■I, *6 ;)VVv vpULIiMO'ON. DIRTY HEARTS Singapore indoor Stadium JK $100 (Limited seats \\JB Official Hotal Official Radio Station JK
      30 words
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      Page 29 Advertisements Column 1
      91 29 "jl '"-j: Non-reflecting sapphire glass. ZENITH X Above* Beyond IVUdI Maritime Square #02-101 Expo Gateway Tel *****42 Cortina WaldiC<ntoe Pit Ltf Ml-36 Raffle* City Shop|ftng Centre Tel: *****85 2SKfc N yA SSKSt-L *01-32 Lucky Pliu Tel: ***** M Mine Eartm Waldi fc (eweOoy IV LM *01 18/20 Centrepoint Tel: *****36.
      91 words
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      Page 30 Advertisements Column 1
      188 30 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 DA SALVATORE PTE LTD BLK 833 »1-03ROYALW±E BUHT TIMAH ROAD SINGAPORE 1027 TEL 4«
      188 words
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      Page 31 Advertisements Column 1
      584 31 fesgj Willing Beats ABucL OF 55S5S5^S^SB^55^555wS55SS55^555wiSi5Br^ hur^i niiina kiirli BMppS^s^HßH9||B^^^H High Tea OK Every Saturday, Sunday and Public Holiday let our KJs help you on your feet and ijftk-- lead you to the stage, j J From 3.(X)pm to 6.(X)pm, Connections is High Tea OK with a delightful spread. Adult
      584 words
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      Page 31 Advertisements Column 2
      369 31 WHERE TO WINE, DINE AND ENTERTAIN Our weekend tea is so satisfying, people sometimes break into song. m Choose from an astonishing variety of savoury and sweet favourites. And if that s not enough, our tea special also includes karaoke at Singsation. Singapore s only theme karaoke lounge. So pop
      369 words
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      Page 31 Advertisements Column 3
      333 31 Delectable Yoeg Doi-Fi lafftl d Chatterbox every Sateiday and Saiiday. 12.30 pa to 5 pa $14.50 per person )&Sof4 per child (below 10 yr») Mezzanre SiaptaoM ConliaemUl It Local Afternoon Tea ipftad at Mexzamime Louge Dally. 2 pa to pa 914.00 per penon 910.00++ per child (below 10 yn) Ml
      333 words
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      2578 32 TODAY'S TV based on the story J J 'II H*22 f HpwlMy ;< Li [l|'j I Tun the 11.30 Sesame Street 12.00 NN News. Quartermass Experiment 2, Tennis: Australian Open, 10am, youngmandest incd to V 12.15 IV Pendidihan (M) 9__ cri* e SBC 12 rule the kingdom, ot 12.45 Kelab
      2,578 words