The Business Times, 5 February 1994
1994-02-05
1
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The Business Times
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Title Section13 1994-02-05 1 Business Times MITA(P) 010/12/93 Weekend Edition, February 5-6 1994 WE KNOW ASIA 75*13 words
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Article539 1994-02-05 1 Leon Hadar - From Leon Hadar in WASHINGTON WASHINGTON In a move that closes a chapter in America's military involvement in South-east Asia and opens the road to economic relations, US President Bill Clinton on Thursday announced the lifting of the trade embargo against Vietnam. Many veteran groups539 words
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Article, Illustration388 1994-02-05 1 Maggie Ford - From Maggie Ford in JAKARTA INDONESIA'S Chamber of Commerce has appointed ethnic Chinese businessmen to senior posts for the first time. The move is expected to revitalise the ability of the chamber or Kadin as it is called in Indonesia to reflect business388 words
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470 1994-02-05 1 Anthony Rowley - From Anthony Rowley in TOKYO JAPAN'S coalition government was forced to abandon the announcement of a 15 trillion yen emergency economic package for a second consecutive day yesterday because of bitter disagreement over ways to finance a planned cut in income taxes.470 words
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396 1994-02-05 1 R Sivanithy - By R Sivanithy SINGAPORE Technology group Acma said yesterday that it has sold its remaining 9 per cent stake in Sesdaqlisted electronics firm Goldtron for $67.65 million, giving it a profit of $47 million. The sale of the 30.75 million Goldtron396 words
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451 1994-02-05 1 Bloomberg Business News AP, WASHINGTON The Federal Reserve nudged a key short-term interest rate higher for the first time in five years yesterday in a move which analysts said would be felt almost immediately in higher business and consumer rates. InBloomberg Business News; AP, - 451 words
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2am LATEST
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Article64 1994-02-05 1 Reuter NEW YORK After recouping nearly half of a late-morn-ing loss. US blue chips slipped at mid-day yesterday as investors continued to sell after the Federal Reserve's surprise move to lift short-term interest rates. Traders said some sell programmes also contributed to the sellofT. AtReuter - 64 words
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Article85 1994-02-05 1 We resume today our series of fortnightly chats at Raffles Hotel with local and regional newsmakers, but with a slight difference. The series is now called The Raffles Conversation because we will, with Raffles Hotel's support, be making some trips out into the region to talk to85 words
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Article150 1994-02-05 1 Stock Market indices Friday Change STII 2360.53 22.45 KLSE Comp 338.40 -0.39 Nikkei 20.301.43+126.61 Hang Seng 12.157.57 306.44 SET Index i.443.81 20.09 Jakarta Comp 601.83 +7.47 CLSA China B .1255.55 +15.14 Ausl All Ord 2332.8. -7.9 FTSE 100 3.491.5 -28.8 Friday Previous 1 pm dose Dow Jones 3,930.52150 words
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Page 1 Advertisements
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Advertisement24 1994-02-05 1 Lifestyle Cover Story: el i Year of the Dog sui^ IPO fever: Aztech, Falmac, Datapulse which will be the hottest of them all? ELS24 words
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Advertisement34 1994-02-05 1 Hock Lock Siew: Pg 6 Major causes of market's slide REACTIONS, Page 3 Hanoi gives thumbs-up to liaison offices Pepsi hits streets of Ho Chi Minh City Vietnamese economy set to rise, says ADB34 words
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Advertisement241 1994-02-05 1 Sesdaq stocks: el 4 A Coming-ofage for second boankiß &C; ?>: ■> Sn y INCE 1735 THERE HAS NEVER BEEN A QUARTZ DUKNQBWP^^p!. And there never will be. The ultra-slim watch Expressing the essential. The first masterpiece in the art of watchmaking is portrayed by ideal perfection in the mechanical241 words
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Advertisement51 1994-02-05 1 The Raffles Conversation: el 3 Han Shih, Acer Group CEO CONTENTS Nan CwßpMits Spore New 2 S pore* m fepowl News 14 Franc* 110 Wortt Nm 4.5 Futm ItoMi Opnm 02 Ooto/KLSL StS 1416 Investor** El>s Reron* 12 Sports a« Wortd 13 TV/btestyte ai2 Cur renew 10 T«ne-ott EL9 Smw/Commo51 words
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Advertisement9 1994-02-05 1 rw$M BH rlfll HMH J| Turn to EL 39 words
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SINGAPORE NEWS
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Article, Illustration478 1994-02-05 2 Lee Han Shih - By Lee Han Shih MORTGAGE loans given out by the HDB rose 77 per cent to $1.18 billion in the 12 months to March 31, 1993. According to its 1992-93 apnual report released yesterday, the $514 million increase478 words
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441 1994-02-05 2 A J Leow - By A J Leow LOCAL retailers have been advised to write separate receipts for hand-carried and bulky items bought by tourists eligible for a refund of the Goods and Services Tax. This would help Customs speed up refund procedures for visitors leaving Changi441 words
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NEWS ROUNDUP
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116 1994-02-05 2 A DIPLOMA course in Singapore Law, which familiarises overseas law graduates with the local legal system, will be launched in August this year, the Ministry of Law said in a statement yesterday. The Ministry also disclosed that the Legal Profession Rules, which implements the116 words
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76 1994-02-05 2 LANE Crawford Singapore, which is due to open its first department store in May this year, has appointed BSB Advertising as its advertising agency. BSB. which also handles the advertising for Lane Crawford in Hongkong, will be responsible for print, television and direct mail76 words
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284 1994-02-05 2 THE Telecommunication Authority of Singapore has approved the introduction of a six-digit postal code system by Singapore Post to replace the four-digit svstem in use since 1979. The TAS yesterday said the new six-digit postal code would comprise the last two digits of the284 words
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Page 2 Advertisements
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Advertisement272 1994-02-05 2 Sound, Solid Secure A' t M IjtWiliA 11 ||^R|fpi" f ftA :r >■* r HR K Jb ?"H Yes, we believe a substantial portion of your savings I 1 should be placed in investments which are Sound, Solid I The Asia Life CPF Approved Plans Action Form Secure. That's why272 words
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Advertisement33 1994-02-05 2 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577. Appointment Ads Help You Find The Right Candidate33 words
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Page 2 Miscellaneous
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Miscellaneous552 1994-02-05 2 weather J Stagapw*: Windy, showers over a tew areas in the afternoon. (Temperature range: 24-31). lih hrili M/U* Cm*. Inn m/W Cm 4. Buenos 30/18 Clear Auckland 22/17 Ran Amsterdam 07/-1 Cloud* -5/17 Clear Banff** 32/25 Cloudy Athens 15/04 Clear Honolulu 27/21 Clear Befnt 03/3 dear Bertn 02/00 Cloudy Houston552 words
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THE REGION
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Article, Illustration594 1994-02-05 3 Lifting of US embargo against Vietnam By BT correspondents VIETNAM has hailed US President Bill Clinton's decision to lift the US trade embargo, and has accepted a US proposal made on Thursday to establish diplomatic liaison offices in their respective capitals. Hanoi called it aReuter - 594 words
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368 1994-02-05 3 Reuter, UPI HO CHI MINH CITY American soft drinks firm PepsiCo had its products out on the streets of Ho Chi Minh City yesterday just hours after the lifting of the United States embargo, heralding a possible "cola war"Reuter,; UPI - 368 words
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419 1994-02-05 3 Reuter BEIJING China and Taiwan ended high-level talks yesterday citing progress in narrowing differences but without any concrete pact on issues such as repatriating hijackers or returning illegal immigrants. "Each time we meet, our pace accelerates," said Chiao Jen-ho, secretary generalReuter - 419 words
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250 1994-02-05 3 Reuter MANILA Vietnam's economy is likely to grow at least 9 per cent this year and even faster next year, following the lifting of the American trade embargo, a senior Asian Development Bank (ADB) official said yesterday.Reuter - 250 words
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476 1994-02-05 3 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Local edible oil manufacturer Vredelco Food Industries plans to establish a food distripark for small and medium-sized Singapore food manufacturers in Yantai City in China's Shandong Province. The project is a follow-up of a visit476 words
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197 1994-02-05 3 AP BRUSSELS The European Union's executive commission said yesterday it is investigating imports of bicycles from Indonesia. Thailand and Malaysia to see whether they unfairly hurt European bikemakers. In its official journal, the commission said the European Bicycle Manufacturers Association had lodged a complaintAP - 197 words
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Article, Illustration269 1994-02-05 3 AFP. Reuter KUALA LUMPUR A for* mer Malaysian diplomat and British-trained lawyer. Sultan Tuanku Ja'afar Tuanku Abdul Rahman, was chosen as the country's 10th king yesterday. Tuanku Ja'afar. 71. who began his diplomatic career as charge d'afTairs in Washington, was chosen to succeed SultanAFP.; Reuter - 269 words
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383 1994-02-05 3 Catherine Ong - From Catherine Ong in HONGKONG WHEN is a camera not an optical receiver? The answer to this intriguing question may apparently determine whether Peter Woo, taipan of the Wharf-Wheelock group, is spying on Li Kashing, Hongkong's best-known tycoon. Or more likely,383 words
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ASIA NOTES
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110 1994-02-05 3 MBT KUALA LUMPUR Malaysia and Singapore will sign an inter-governmental agreement on a MSI.6 billion (SS9I7 million) second causeway by early March. Works Minister Leo Moggie said on Thursday that officials from both countries met earlier this week to finalise the details ofMBT - 110 words
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Article, Illustration45 1994-02-05 3 Reuter BEIJING Children practising deep breathing in a qigong a traditional Chinese martial art class at a camp for overweight youngsters. China's one-child policy is encouraging over-indul-gence by parents that is resulting in obesity in a whole generation of children. ReuterReuter - 45 words
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70 1994-02-05 3 Reuter TOKYO Battered business sentiment in Japan is slowly recovering, despite no clear signs of economic recovery. Bank of Japan governor Yasushi Mieno told the Nikkan Kogvo Shimbun business daily yesterday that "a certain calmness seems to have begun to return to corporate sentiment". But "we'veReuter - 70 words
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94 1994-02-05 3 Reuter HONGKONG Governor Chris Patten is likely to publish the rest of his package of electoral reforms for Hongkong on Feb 25. regardless of China's objections. The Eastern Express yesterday said Mr Patten had not. however, decided whether to publish the original proposals whichReuter - 94 words
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515 1994-02-05 3 IHT BOMBAY These days, international investors can hardly get enough exposure to a reforming India. Will appetites still be so keen after a flurry of new issues in the Euromarkets, including a USSI billion (551.58 billion) equity offering expected within six weeks? AfterIHT - 515 words
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THE REGION/WORLD
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469 1994-02-05 4 Reuter TOKYO US Trade Representative Mickey Kantor delivered a tough trade message to Tokyo yesterday, reminding Japan that Washington could consider "other options" if stalled economic framework talks failed. "The framework agreement calls for our reaching sectoral agreements in four sectors by theReuter - 469 words
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269 1994-02-05 4 Nirmal Ghosh - By Nirmal Ghosh SINGAPORE Former senior World Bank executive and caretaker prime minister of Pakistan Moeen Qureshi is to oversee a US$7OO million (SSI.I billion) Asian infrastructure fund which has been jointly opened by Singapore and the US. A269 words
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450 1994-02-05 4 No solution in sight over German metal workers 9 pay dispute AFP BONN A labour dispute in Germany's key metalworking and electrical industries has deepened, and there was still no solution in sight yesterday after a week of "warning strikes" by the powerful IG Metall union. The union, which isAFP - 450 words
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382 1994-02-05 4 Knight-Ridder WASHINGTON President Bill Clinton will send Congress a US$l.5-trillion (552.37 trillion) budget next week that would restrain spending in 600 federal programmes and target more than 100 for outright elimination. The Washington Post reported on Thursday that the proposed elimination of 115Knight-Ridder - 382 words
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Article, Illustration30 1994-02-05 4 Reuter TANEGASHIMA, Japan The first all-Japanese launcher rocket H-II blasting off from the National Space Development Agency's Tanegashima Space Centre in southern Japan yesterday. ReuterReuter - 30 words
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125 1994-02-05 4 Bloomberg Business News SEOUL The South Korean government will lift the ceilings on overseas portfolio investment by securities, investment trust and insurance companies, officials said yesterday. The Finance Ministry said it will revise regulations on foreign exchange management this month. Under theBloomberg Business News - 125 words
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457 1994-02-05 4 AFP LONDON The furore over a huge British grant for a Malaysian hydro-electric dam took a new twist yesterday with a report that the amount of aid was directly linked to the size of Malaysia's purchase of British war planes. ForeignAFP - 457 words
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386 1994-02-05 4 Catherine Ong - From Catherine Ong in HONGKONG THE co-founder and editor of Asiaweek, Michael O'Neill, has been forced out by the owners, US media group Time Warner, which has also attempted to quash rumours that the news magazine is for sale. In a memo to386 words
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409 1994-02-05 4 MBT KUALA LUMPUR Financial institutions started a mad scramble for papers in the bond market yesterday to meet additional liquid assets rules. It is learnt that Bank Negara told banking institutions an hour before the market closed yesterday thatMBT - 409 words
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Article, Illustration390 1994-02-05 4 Al Labita - From Al Labita in MANILA UNLESS East Asian nations forge closer links, they stand no chance of checking the dictates of developed economies, Malaysian Prime Minister Mahathir Mohamad warned yesterday. "We all are very weak and if we don't work together,390 words
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Page 4 Advertisements
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Advertisement17 1994-02-05 4 Business /y\ heats up A when you make the call and vT^ place an CJuTJ. Id. ffl-116617 words
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THE WORLD
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469 1994-02-05 5 Financial Times BRUSSELS The European Commission is watering down its proposal for mandatory elected works councils in panEuropean companies in an effort to garner business support. Instead of a uniform structure for compulsory consultation with workers' representatives, the new draft directiveFinancial Times - 469 words
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Article, Illustration62 1994-02-05 5 Reuter LAS VEGAS French stuntman Jean-Michel Casanova being suspended from the balcony of a penthouse suite at the Riviera Hotel and Casino on Thursday for a publicity stunt for a European magazine. Casanova, who will perform similar stunts in an upcoming Spiderman motion picture, hasReuter - 62 words
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365 1994-02-05 5 AFP ABU DHABI Gulf Arab states appear to be under US pressure to lift a long-standing economic boycott of Israel before they can join the General Agreement on Tariffs and Trade (Gatt). A US official said on Thursday that theAFP - 365 words
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341 1994-02-05 5 Reuter WASHINGTON Unemployment fell in January, the US government said yesterday in a report that suggested the economy was steaming ahead despite temporary disruptions caused by frigid weather and the California earthquake. The US Labour Department said the jobless rate, underReuter - 341 words
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181 1994-02-05 5 Reuter PARIS German Economics Minister Guenter Rexrodt has called for the European Union to negotiate free trade agreements with the Baltic states and cooperation accords with members of the Commonwealth of Independent States. In a speech to French business leaders yesterday,Reuter - 181 words
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182 1994-02-05 5 Reuter GENEVA World airlines yesterday reported total traffic growth in 1993 of 7.2 per cent on international services but indicated they were still some way from turning the losses of the past four years back into profit. The 221-member InternationalReuter - 182 words
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532 1994-02-05 5 Vikram Khanna - World Economic Forum From Vikram Khanna in DAVOS, Switzerland NOW that the curtain has come down on this year's World Economic Forum meeting in Davos and the throngs of businessmen, bankers, politicians, and journalists have gone home, there remain the memories532 words
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WORLD WATCH
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Article78 1994-02-05 5 AFP DUESSELDORF. Germany Unified Germany had more than 3.9 million jobless workers at the end of January, the vice-presi-dent of the German union confederation DGB. Ursula EngelenKefer. said here on Thursday. The union says joblessness hit at least 2.7 million in western Germany at theAFP - 78 words
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Article, Illustration43 1994-02-05 5 Reuter BOULOGNE-SUR-MER, France A French fisherman strikingthe shield of a riot policeman during a protest over falling income and competition from imports in this port city on Thursday;. Fishermen clashed with riot police as the five-day strike contin--ues. ReuterReuter - 43 words
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79 1994-02-05 5 AFP MOSCOW The Russian and French defence ministers, Pavel Grachev and Francois Leotard, signed two defence agreements here yesterday. One of the accords is aimed at boosting bilateral cooperation, notably in the exchange of officers and organising joint manoeuvres, and the other relates toAFP - 79 words
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Article1640 1994-02-05 5 ag ro ny< n»_ aty nm rr> nm n» Ah* Phahi GA860 2005 Mm« SQ175 1905 VN740 1410 Amman RJ187 0130 Hatyai TG406 0820 Amsterdam SQ25 0635 KL844 0535 Mt89S 2300 M>896 1920 KL837 1545 KL838 2335 HirvsMiiia SQ99I 1730 SQ992 0155 SQ 324 2345 h,1,640 words
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Page 5 Advertisements
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Advertisement49 1994-02-05 5 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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COMPANIES & MARKETS
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438 1994-02-05 6 Dexter Lee - By Dexter Lee SINGAPORE Distribution and warehousing leader CWT Distribution Ltd (CWT) announced yesterday that it 'would not go ahead with a proJjosal to build a Msloo million (Sss7 million) warehousing 'And distribution complex in North Port Klang. It was in438 words
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309 1994-02-05 6 Lilian Ang - By Lilian Ang Singapore dbs Land plans to sell HKSSOO million (S$ 102.8 million) of three-year floating rate notes in what could be the first of several foreign loans to finance regional projects. The company said yesterday this would be its309 words
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Article, Illustration339 1994-02-05 6 Shiv Taneja - By Shiv Taneja SINGAPORE Contrary to some analysts' expectations, hardware stockist Hup Seng Huat. the first initial public offering this year, began trading yesterday on a "when issued" basis above its strike price of S$ 1.00. The share opened at 551.03. andSource: Bloomberg - 339 words
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Article, Illustration188 1994-02-05 6 Corinne Kerk - By Corinne Kerk SINGAPORE Causeway Investment has been queried by the Stock Exchange of Singapore over the sharp increase in its share price and turnover yesterday. The stock closed 24 cents higher, at $4.36. on a volume of 1.867 million. Earlier this week.188 words
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EYE on your STOCKS
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Article20 1994-02-05 6 For nest »urk'\ expand market sentiment wr Hi Sentiment Index on EL 4 (Personal it name Investment sixtion)20 words
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Article, Illustration137 1994-02-05 6 King's Hotel ended at 53.86 yesterday, just above the downward sloping trendline formed by joining the peaks since Dec 31. A break above S4 will confirm a short-term rally towards $4.50. The Daily Moving Average Convergence-Divergence indicator is about to signal a buy. The daily Relative Strength Index137 words
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168 1994-02-05 6 SINGAPORE An Australian company in receivership has started legal action against local firm Goldtron for allegedly rescinding an agreement made last November. Goldtron said last night that on Jan 19 it decided not to buy the assets of the Duplication Centre, a168 words
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325 1994-02-05 6 SINGAPORE Property jales and strong contributions from associated companies helped Khoo Teck Puat's Central Properties group lift aftertax profit 57 per cent to 15.13 million in the year ended last Pec 31. Releasing its results yesterday, the listed group said the higher profit was325 words
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727 1994-02-05 6 Joyce Quek - HOCK LOCK SIEW By Joyce Quek SINGAPORE Just what was it that Halted the party in the Singapore stock iharket and led prices and volume to fall dt the start of this year? Pronouncements by politicians? A rise in interest727 words
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Article, Illustration252 1994-02-05 6 SINGAPORE Straits Steamship Land has started marketing its Chatsworth Road bungalows, which should reap a profit of about $17 million. The four dwellings were advertised in The Straits Times on Thursday. Prices range from $8.5 million to $9 million for each of252 words
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200 1994-02-05 6 SINGAPORE Straits Trading will develop a low-rise condominium project on what is left of its Gallop Road site, much of which was acquired by the government more than three years ago. The group last night said it had received written200 words
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COMPANIES
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423 1994-02-05 7 Bloomberg Business News KUALA LUMPUR The impending takeover of Construction and Supplies House Bhd by Indonesian timber tycoon Prajogo Pangestu has sent the company's stocks soaring to a record high for the second consecutive day of heavy trading on theBloomberg Business News - 423 words
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520 1994-02-05 7 Al Labita - From Al Labita in MANILA TWO subsidiaries of Singa-pore-based Keppel group yesterday asked the Securities and Exchange Commission (SEC) to dismiss the petition of tycoon John Gokongwei opposing their plan to raise funds to buy into the Philseco shipyard. The appeal520 words
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162 1994-02-05 7 Bloomberg Business News KUALA LUMPUR Petronas Dagangan Bhd, the retailing arm of Malaysia's state oil company, will reveal the response to its public offer on Monday, officials of its issuing house, MIDF Consultancy and Corporate Services Bhd said yesterday. The New StraitsBloomberg Business News - 162 words
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134 1994-02-05 7 Bernama SHAH A LAM Permodalan Negeri Selangor Bhd (PNSB) has budgeted MS4OO million (***** million) to develop a new township in Salak Tinggi, in Sepang district, near here. Chief executive Mohamad Karim Haji Abdullah Omar yesterday said the township, which would include aBernama - 134 words
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Article502 1994-02-05 7 Maa.pr. phtm Feb 5 A 7 UMB hNttt Mgt Ltd nnr |uu t,„,I Unifund 1.57 1.63 urn inm u«ih*d+ 102 .05 The Commerce 83 1.92 Umled Gr Fund! 1.70 1.77 5nS nZ£ United Asia Fund 2.00 2.10S pore Prof Fund 0.76 0.80 Spore Sec Fund III 1.17 hurt—it III 0502 words
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202 1994-02-05 7 Bernama KUALA LUMPUR Gadek (Malaysia) Berhad is seeking a waiver from making a mandatory general offer to acquire the remaining 10 per cent interest in Credit Corporation (Malaysia) Bhd, from Sharikat Permodalan Kebangsaan Berhad (SPK) as it has declined to accept the proposed generalBernama - 202 words
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421 1994-02-05 7 MBT DALIAN, China The operation of slot machines considered a form of gambling and banned in China raises a question mark over Magnum Bhd's proposed slot machine venture in Dalian. The deputy director of Dalian Municipal Commission of Foreign Economic Relations and TradeMBT - 421 words
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204 1994-02-05 7 SINGAPORE The Monetary Authority of Singapore has approved a request by flaw Par Brothers International to withdraw its merchant banking licence from Jan 7. The licence was for whollyowned subsidiary Haw Par Merchant Bankers (HPMB), which was set up in July 1973. Haw204 words
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Article, Illustration225 1994-02-05 7 SINGAPORE DBS Bank has promoted executive vicepresident Ng Kee Choe to a new post of deputy president and appointed him to the board. His responsibilities include the international, finance and tax, human resources, economic research and settlements departments. Mr Ng. 50, has225 words
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25 1994-02-05 7 SINGAPORE Jack Chia-MPH announced that two of its dormant subsidiaries, Delsie Investments and Castlehill, have been put into voluntary liquidation.25 words
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26 1994-02-05 7 SINGAPORE Wing Tai Holdings announced that one of its substantial shareholders, Winlyn Investment, has sold all its 8.26 million warrants.26 words
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Article40 1994-02-05 7 SINGAPORE Great Eastern Life announced that it has sold a total of 140,000 Singapore Press Holdings shares at an average price of $27.50 in the open market. It now holds 16.91 million SPH shares.40 words
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49 1994-02-05 7 Bernama KUALA LUMPUR Sabah businessman Mohd Salleh Mohd Said, and former Dewan Negara president Chan Choong Tak have been appointed to the Tenaga Nasional Bhd board of directors. Mr Mohd Salleh replaced Mohd Zihin Mohd Hassan while Mr Chan succeeded Chan Keong Hon. BemamaBernama - 49 words
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Article52 1994-02-05 7 KUALA LUMPUR PJ Development Holdings Berhad's whol-ly-owned subsidiary, Lindar Estates Sdn Bhd, has entered into a sale and purchase agreement with Right Purpose Sdn Bhd for the sale of Lindar Estate in Sabah measuring 4,784 hectares for a total cash consideration of MS3B million (5521.852 words
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82 1994-02-05 7 Bernama KUALA LUMPUR Asia Pacific Land Berhad has accepted the revised terms of its proposed acquisition of the entire issued and paid-up capital of Empire Tower (Malaysia) Sdn Bhd. Commerce International Merchant Bankers Bhd said the Securities Commission had revised the purchase consideration toBernama - 82 words
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Article240 1994-02-05 7 Payne at Ex Books Pay W 4otc doee 4aIt Asia Pacific F 1SN Feb 9 Feb IS Feb 23 Benaya Group I 6 Mar II Mar 21 April Benaya Ind I 4 Mar II Mar 21 Apr 12 Benaya Leisure I S Feb 22 Mar 8 Apr 6 BMT SIO240 words
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COMPANY BRIEFS
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76 1994-02-05 8 Bloomberg Business News SYDNEY Australian television group Seven Network Ltd said yesterday that its first-half net profit grew eight-fold and exceeded the company's earlier forecasts, thanks to improved ratings and better-than-expected revenue. Net profit in the six months ended Dec 25 rose to ABloomberg Business News - 76 words
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Article63 1994-02-05 8 AFP LONDON British press group United Newspapers said on Thursday that it has bought the Hongkong exhibitions group Hongkong International Trade Fair Group (HKITF) for US$35 million (5555.3 million). United Newspapers said it has also bought the remaining 58 per cent of shares whichAFP - 63 words
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Article99 1994-02-05 8 Reuter NEW YORK Securities Data Co said on Thursday that a January record of US$2.l billion was raised in initial public offerings in the United States. This was an increase of 21 per cent from US$l.7 billion of stock issued in initial public offeringsReuter - 99 words
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80 1994-02-05 8 Reuter MANILA Philippine Long Distance Telephone Co (PLDT) and Eastern Telecommunications Philippines Inc (ETPI) are working out an amicable settlement that could pave the way for ETPI's operation of an international gateway exchange, officials said here yesterday. Eastern, a subsidiary of London-based CableReuter - 80 words
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67 1994-02-05 8 Reuter JAKARTA PT International Nickel Indonesia, a subsidiary of Canada's Inco Ltd, said its unaudited net earnings for 1993 fell to US$lO.9 million from US$36.l million in 1992. It blamed the decline on lower realised nickel prices but said this was partially offsetReuter - 67 words
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Article54 1994-02-05 8 Reuter HONGKONG Hongkong Telecommunications Ltd said its chief executive designate Linus Cheung will join the company on March I. He was originally set to join on May 1. Mr Cheung, formerly deputy managing director of Cathay Pacific Airways, will replace Michael Gale, who diedReuter - 54 words
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54 1994-02-05 8 Bloomberg Business News SYDNEY Institutions have been offered As6oo million of units in Gandel Property Trust since yesterday in Australia's largest-ever property trust sale, the Sydney Morning Herald reported. The trust comprises six shopping centres. The issue carries a proposed yield of almost 8 perBloomberg Business News - 54 words
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556 1994-02-05 8 Bloomberg Business News NEW YORK ITT Corp has posted fourth-quarter net income of US$2l9 million (*****.7 million), or US$l.77 a share. The diversified conglomerate says results improved in its finance, hotel and defence units. A year-ago, ITT posted a loss of US$6l7Bloomberg Business News - 556 words
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305 1994-02-05 8 Bloomberg Business News MONTREAL BCE Telecom International Inc has merged with its wholly-owned sales unit, Bell Canada International, to form Bell Canada International Inc. The merger reflects "our desire to make our international activity more coherent", said Derek Burney, chairmanBloomberg Business News - 305 words
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283 1994-02-05 8 Reuter LONDON Irish media tycoon Tony O' Reilly, underdog in the battle for control of Britain's ailing Independent newspaper. yesterday scored a dramatic coup by snapping up a quarter of the group in a bold spending spree. The move took London andReuter - 283 words
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320 1994-02-05 8 Bloomberg Business News NEW YORK ColgatePalmolive said fourth-quarter net income rose 11 per cent on higher sales and gains from cost-cutting and improved manufacturing efficiency. The consumer products giant said net income rose to USS 122.1 million (SSI93 million), or 78 cents a share,Bloomberg Business News - 320 words
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SHIPS IN PORT
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Article548 1994-02-05 8 Vmul Vty Ho Btrtt fcmil Dipadwe KwmI Vty H» fariti Mn1 Dtpartwrt Jwowg Port Nona 002 POIA alongside 0402/2000 Batam B*»a 02/02/94 JU atones*)* 05.02/2300 YHena Staso 60W P01 atongside 0502/1500 Batam Wan N99 II alongside 05.02/2300 Afri 02/94 P04 0502/1830 06.02/1730 Ommti 1/94 115/16 alongsde 0502/2000548 words
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Article1726 1994-02-05 8 RECEIVING OF EXPORT FCL AND LCL CARGO DELIVERY Of Fa IMPORT CONTAINERS IN PROGRESS SMp Vey Mo Containers avalabie Strip Voy No Ctwtafcwn amiable M Tnumjh 52A *****4 0700 P Arthur 082W COO(EST) 04.02 94 0700 tax Chafer 03S/94 03.02 94 0715 V«our Luzon 9406C COO(EST) 04 02.941,726 words
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FINANCE
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Article, Illustration431 1994-02-05 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Futures Industry Association, representing US futures trading brokers, has strongly backed the continuation of the mutual offset trading link between Singapore and Chicago, sources said yesterday. At a recent meeting in Puerto Rico, the FIA431 words
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477 1994-02-05 9 AFP Bloomberg Business News, NEW YORK China s US$l billion (551.59 billion) offering of bonds to world investors opened "a new channel of borrowing" for the country, said Jin Renqing, the vice-minister of the Ministry of Finance of China. And Winthrop Smith, chairmanAFP; Bloomberg Business News, - 477 words
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218 1994-02-05 9 AFP MANILA US-based investment bank Merrill Lynch has offered to underwrite a planned USSSOO million (SS79O million) bond float by the Philippine central bank later this year. Copies of the proposal, obtained on Thursday, showed Merrill Lynch had urged Manila to proceed withAFP - 218 words
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201 1994-02-05 9 Reuter WASHINGTON The US Comptroller of the Currency has given an upbeat assessment on the nearer-term outlook for banks, saying the industry's rebound has not faded. But Eugene Ludwig again conceded the industry is in long-term decline relative to other financial serviceReuter - 201 words
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210 1994-02-05 9 Reuter TOKYO Japan's Ministry of Finance is planning to unveil guidelines to promote bad loan write-offs at the same time as the government announces its new economic stimulus measures. Under the guidelines, banking sources say, the Ministry of Finance (MOF) will take stepsReuter - 210 words
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565 1994-02-05 9 Senator drops bid to link Bill with curbs on banks' sale of insurance Bloomberg Business News WASHINGTON Nationwide bank branching moved a giant step closer to reality on Thursday when Senator Christopher Dodd stunned the Senate by saying he was dropping all efforts toBloomberg Business News - 565 words
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188 1994-02-05 9 Reuter BEIJING Shenzhen will open further to foreign banks by allowing new branches and widening the scope of approved foreign business to include lending and accepting deposits in renminbi, the official Xinhua news agency said yesterday. The flagship special economic zone near Hongkong willReuter - 188 words
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297 1994-02-05 9 Reuter LONDON UK bank lending rose by £5.37 billion (5512.9 billion) in the last quarter of 1993, a British Bankers' Association (BBA) statement said yesterday. The rise over the third quarter of the same year was also the largest quarterly increaseReuter - 297 words
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SMALL CHANGE
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Article92 1994-02-05 9 Bloomberg Business News TAIPEI The directors of Taiwan's central bank have left the bank's targets for growth in the country's money supply unchanged at 10 to 15 per cent. Newspapers yesterday reported that the bank was considering narrowing the target range of MIB, a main measureBloomberg Business News - 92 words
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Article93 1994-02-05 9 Bloomberg Business News SYDNEY Westpac Banking Corp plans to withdraw its shares from listing on the London International Stock Exchange by the end of August in a move to save money. The bank is continuing a massive restructuring and cost-reduction programme launched last year, afterBloomberg Business News - 93 words
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Article126 1994-02-05 9 Bloomberg Business News WASHINGTON Goldman, Sachs Co yesterday agreed to pay a U*****,000 (*****,000) to settle Securities and Exchange Commission charges that the firm improperly recorded certain US treasury securities trades. Without admitting or denying guilt, the securities firm agreed to pay the fine,Bloomberg Business News - 126 words
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Article81 1994-02-05 9 AFP HONGKONG A US-based bank has become the first foreign bank this year to be granted a licence to operate in Hongkong. A government spokesman yesterday said State Street Bank and Trust Co, the 40th largest bank in the US, became the latest addition toAFP - 81 words
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70 1994-02-05 9 AFP HONGKONG The Australian Mutual Provident Society (AMP) yesterday said it planned to set up a US$64 million (SSIOI million) joint insurance venture in Indonesia following its successful launch in Hongkong. The Australian insurance giant said it would set up a joint venture with one ofAFP - 70 words
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Article77 1994-02-05 9 Reuter NEW YORK The Rich Financial Group of Maryland posted the biggest currency fund gains in 1993, according to Ferrell Capital Management's index. The Rich Financial Group reported gains of 26.9 per cent in 1993. The second best performance for 1993 was achieved by ChescorReuter - 77 words
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FINANCE & COMMODITIES
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Article, Illustration434 1994-02-05 10 Reuter KUALA LUMPUR Major Asian coffee producers are divided over an ambitious Indonesian plan to goad them into withholding exports from the world market to boost sagging prices, and the regional trade says the move may fail. Indonesia, the world's thirdReuter - 434 words
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428 1994-02-05 10 Reuter SINGAPORE Amid fierce speculation over new steps Beijing may take to curb oil imports, one thing is certain huge taxes imposed on Jan 1 have already slowed the growth in China's oil purchases, industry sources say. "The higher taxes are enough toReuter - 428 words
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Article, Illustration442 1994-02-05 10 DBS Weekly Currency Review US$/DM: Outlook not dear! A LOW of 1.7235 was seen this week, close to our recommended buying level of 1.7240. Trading was volatile and the technical outlook is not clear at the moment. Support levels are seen at 1.7205, at 1.7163, which is442 words
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Article324 1994-02-05 10 Reuter LONDON The global outlook for platinum remains strong, supported in the short term by a temporary shortage of metal and in the longer term by improving demand, says the world's largest refiner, Johnson Matt hey pic. "There will be some pickup in industrial demand globallyReuter - 324 words
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196 1994-02-05 10 Reuter NEW YORK Production cuts announced this week by US and Australian aluminium producers have highlighted the urgency that European producers follow suit if a multilateral agreement on output cuts is to work, analysts say. "It's very critical that the Europeans come through,"Reuter - 196 words
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218 1994-02-05 10 AFP PARIS Demand for oil in the OECD region has firmed and in China it has risen sharply, the International Energy Agency (lEA) said in its monthly report yesterday. The lEA revised upwards its estimate of OECD oil demand in theAFP - 218 words
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Article, Illustration115 1994-02-05 10 THE US$ traded higher overnight and kept up its firm tone yesterday on speculation of a Fed tightening and booksquaring ahead of the US payroll numbers to be released. The US$/S$ moved higher on aggressive buying by local banks. Participants caught short in the US dollar basically squared115 words
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Article205 1994-02-05 10 Reuter LONDON The dollar surged to a new two and a half year high against the mark on yesterday's news that the US Federal Reserve was tightening monetary policy, dealers here said. The dollar at 1805 GMT was at 1.7585/95 marks, and had hit a 1.7600/10 peak so farReuter - 205 words
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Article86 1994-02-05 10 Reuter NEW YORK The dollar remained sharply higher at midday after surging nearly two pfennigs on the Fed's unprecedented disclosure it plans to tighten US interest rates. At midday, the dollar rose to 1.7510/20 marks from its open at 1.7415/25 marks and an early low of 1.7310 marks.Reuter - 86 words
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Article, Illustration1469 1994-02-05 10 Trade-weighted index calculated against S'pore's top 14 trading pannery Bom year 198} US$/S$ forward rates Noon Feb 4 SS Bri Offer 1-month 15*85 1.5900 2-month 15*90 1 5905 3-roonth ***** 1 5913 6-month I 5918 1.5931 Sourer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Itaa m Fafc 4:1,469 words
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COMMODITIES & FUTURES
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1322 1994-02-05 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen interest rate futures finished weaker, hurt by an easier yen in Asian foreign exchange market and political uncertainty in Japan. Trade was choppy in moderately active dealings. Diminishing prospects for an interest rate cut led to anReuter - 1,322 words
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623 1994-02-05 11 COMMODITY REPORTS Tta TIN closed at a new 10-month high on active buying by European. Japanese and local players on expectations of supply tightness and the ringgit's weakness against the US dollar, traders said. The metal rose 24 sen to end at M$623 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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96 1994-02-05 11 WASHINGTON A North Dakota congressional delegation has urged President Bill Clinton to take immediate action to curb US imports of Canadian wheat, echoing the sentiments of northern US farmers who have staged protests in recent weeks. In a meeting with Mr Clinton yesterday, three96 words
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75 1994-02-05 11 WINNIPEG United Grain Growers has declared force majeure on all oilseed sales booked through Canada's west coast because of the ongoing port workers' stoppage, a company official said. John Parkinson. UGG export manager, said the declaration covers about 200.000 tonnes, most of which is canola75 words
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78 1994-02-05 11 HAMBURG German production of most industrial metals fell in the first II months of 1993. compared with January-November of 1992, the German association of metals companies said in Dusseldorf. Electrolytic copper was one of the few exceptions, with January-November production totalling 495,429 tonnes, up 16.878 words
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86 1994-02-05 11 LONDON ECIC. a new investment company specialising in project finance in the oil and gas industry, is raising £17.2 million (5540.76 million) for investment in the US. The company will be listed on the London Stock Exchange following a placing of shares yesterday. ECIC86 words
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Article1557 1994-02-05 11 Rubber MS C»nnodtty Exchang* (fMturrs closing as at lpaO RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sell (tonnes) Interest Mar 94 135.50 135.50 135.50 525 3.975 Apr 138.25 13* 00 137.75 500 4.550 Max 139.75 139.75 139 50 100 7.425 Jun 0 00 01,557 words
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REGIONAL STOCK MARKETS
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Article1053 1994-02-05 12 -7.9 PROMT-takers moved into the Australian sharemarket yesterday. causing a small fall after a string of record closes, analysts said. At the close of trading, the key All Ordinaries index was down 7.9 points to 2.332.8. All sectors suffered from the selling. The All Industrials index lost 10.4 points1,053 words
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Article613 1994-02-05 12 +42 Share prices rose for the third day in a row. reflecting renewed investor confidence after bombings and street protests over recent fuel price rises. The Manila and Makati indices each gained 42 points. The rise in the indices mirrored blue-chip strength, but volume-wise it was the oil sector613 words
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Article598 1994-02-05 12 -105.75 Taiwan stocks closed 1.7 per cent lower on profit-taking from the past four days of gains. Brokers said selling was triggered by Thursday's news that the cabinet had approved the reimposition of a stock capital gains tax. The weighted index ended 105.75 points down at 6.256.33. off an598 words
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Article359 1994-02-05 12 +9.40 Share prices rebounded from a one-day slump on the Korea Stock Exchange in active trading yesterday. The composite index of the exchange bounced back 9.40 points to close at 964.42. partly recovering a 19.24 point nosedive suffered on Thursday. Gainers outpaced losers 573 to 242 issues while prices359 words
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Article337 1994-02-05 12 •26.40 The New Zealand sharemarket underwent an expected correction as a result of weaker overseas markets and light profit taking. The NZSE-40 capital index bottomed at 2400.12. 39.52 points lower than Thursday's close of 2439.64. but a late rally across the board led the index back to 2413.24337 words
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Article80 1994-02-05 12 -54.29 Share prices declined further towards close on profit taking in cash shares and squaring up of deals in the specified section ahead of the fixing of carry forward charges today.brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 3.946.67 points, down 54.29. The 100-share national80 words
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WORLD STOCK MARKETS
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Article701 1994-02-05 12 -16.1 Share prices closed weaker, pressured by falls on Wall Street after news the US Federal Reserve said it tightened monetary policy. The FTSE 100 index ended 16.1 points off" at 3.475.4 just above the day's 3.471.6 low. Dealers and analysts said the near-term performance of UK equities depends701 words
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Article102 1994-02-05 12 +7.18 French shares ended the session higher after a volatile session, with foreign buying and arbitrage between bond and CAC-40 index futures supporting prices, dealers said. The CAC-40 index closed up 7.18, or ,0.31 per cent, at 2.329.17 The Broader SBF 120 index closed up 0.26 per cent at102 words
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Article125 1994-02-05 12 +o.oBpc Swedish shares ended the week mixed after another volatile day. The forestry sector index climbed 1.4 per cent during afternoon trade as both Modo and Stora said they planned to increase pulp prices. The OMX-indcx edged up 0.08 per cent to 1223.83 in high turnover of 2.67 billion125 words
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Article199 1994-02-05 12 -13.47 German stocks closed the official trading session lower as a weak bond market convinced investors German stocks will continue to fall, traders said. The DAX index of the 30 most traded German stocks closed at 2138.25. down 13.47 points or 0.67 per cent, after an early slump drove199 words
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Article138 1994-02-05 12 +8.36 Belgian shares closcd near their day-highs as fresh li- quidity entered the market on the first day of the new forward market account. The Bcl-20 index of leading shares closed 8.36 points, or 0.55 per cent, higher at 1.528.75. a fraction below its day-high hit just before the138 words
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Article124 1994-02-05 12 +0.83pc Profit-taking ahead of the weekend dampened an earlier boost triggered by the banking sector and shares ended off highs, traders said. The Mibtcl index was up 0.83 per cent at 10.782 vs high 10.815 The lightening of positions could continue Monday. ahead of the end of the February124 words
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Article195 1994-02-05 12 1.77 Dutch stocks closed higher, led by shares in KLM Royal Dutch Airlines, which released improved passenger load figures for January. The Amsterdam EOE Index, or AEX. of 24 leading stocks rose 1.77 points, to 437.10. Thirteen shares lost ground and 11 gained. Amsterdam Krt 4 hh \BV\nmi *0195 words
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Article252 1994-02-05 12 +8.87 Swiss shares ended half a per cent higher after vesterday's employment figures appeared to make an interest rate rise in the US less likely, dealers said. After final calculations, the broader SPI index added 8.87 points to 2.003.49. The index which had reached an all-time high of 2,007252 words
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Article308 1994-02-05 12 +20 Shares ended sharply belter yesterday on the back of foreign buyiing and on eontinucd bullish sentiment about politieal prospects, dealers said. The gold index was 20 points higher at 2.015. the industrial index was 100 points better at 5.822 and the overall index was 88 points firmer at308 words
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Article317 1994-02-05 12 +2.84 Stocks inched up in brisk early trading propelled by merger-crazed communications stocks and shining precious metal issues. The TSE 300 composite index rose 2.84 points to 4563.12 on volume of 12.3 million shares valued at CS 149.5 million. Advancing issues led declines 197 to 178, with 277 issues317 words
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Article698 1994-02-05 12 -5.34 Stock prices were mostly lower in cautious trading early yesterday as investors tried to figure out a rather confusing employment report. The Dow Jones Industrial Average was down 5.34 points to 3962.32 at 11 am EST. The New York Stock Exchange composite index was off 0.17 to698 words
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Article558 1994-02-05 12 Vienna Irfc 1 \sch +T ui.I mi < ami VnMiull'l 411 -10 11(1' M*Hh 14 I iD/Mf I »l" UIKh loUm 4:7 I "moct-or ;i<» in NrjKi* J»4II un.1. VciwVi 4iW < W i, n.tlXT* 4>> *< Source: Bank Austria Aktiengesellchaft Nasdaq Kffe .l I si \tk4ph < *m»\ Hiomiik558 words
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Article, Illustration2760 1994-02-05 13 Reuter HONGKONG Stocks closed sharply higher on solid institutional demand for blue chips, brokers said. The Hang Seng Index jumped 306.44 points, or 2.59 per cent, to finish the week at 12,157.57. It hit a high of 12.187. "Afternoon fund buying was hectic while retail investors joined in." saidReuter; Source: Bridge Info - 2,760 words
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Article, Illustration473 1994-02-05 13 JUMPING on the bandwagon of A share market's strong rebound, the B market continued its modest recovery with plentiful buying from overseas institutions. The CLSA Shanghai B Index was up 11.74 points at 939.47. Friendship Store and Sanmao took turns to jump 8-10 per cent. But Dajiang saw a473 words
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Article, Illustration2441 1994-02-05 13 Reuter TOKYO Stocks closed firmer despite a temporary fall after the ruling coalition's decision to scrub Prime Minister Morihiro Hosokawa's tax reform plan. Multimedia-related shares such as NTT and Sony, which have been attracting investors, maintained a firm tone and supported overall sentiment, brokers said. Buying orders on theReuter; Source: Bridge Info - 2,441 words
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Article, Illustration1535 1994-02-05 13 Reuter BANGKOK Thai slocks came in for another battering as concern about the stability of Thailand's coalition government spurred more selling, said brokers. The SET Index finished 20.09 points down to 1.443.81 on turnover of 9.5 billion, unchanged from Thursday. "Some bargain hunting was going on today, otherwise theReuter; Source: Bridge Info - 1,535 words
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Article, Illustration1131 1994-02-05 13 Reuter JAKARTA Share prices closed mixed in active trading with newcomer Bank Papan Sejahtcra making a solid debut and Barito Pacific Timber up almost 10 per cent, brokers said. The official index was at 601.83. up 7.47 points. "Bank Papan made a firm start, closing at 4.050 on itsReuter; Source: Bridge Info - 1,131 words
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Article2722 1994-02-05 14 MOST ACTIVE volume CASH MX: IX 444 mm Kcnon* Bhd MX I 7 XXX OOO kamunting MX' I6 4M1U00 Falvr (in<up 14.981.000 Lien Hoc 1SK>T 10 81*1.000 Idns Hid MX. t M*> (KK) Jotun Hldg> MX 8 000 Mulli-Purpo-*: 6.J72.000 F A< B MX 6 VHOOO 4MDB MX2,722 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5052 1994-02-05 14 Bernama KUALA LUMPUR Share prices here dosed mixed yesterday as selling alternated with buying support ahead of the weekend. At the close, the all-share main board Emas Index had shed 0.39 of a point to 338.40 after a firm opening while the 85stock CompositeBernama; Source: Bridge Info - 5,052 words
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STOCK EXCHANGE OF SINGAPORE
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Article7086 1994-02-05 15 main BOARD Transaction date: Feb 4 Or Gr I99.V94 Last Vol Day Last Quoit Div Di« YM Net M ap Mifh Low (ompai> Sale (DOO) Hi«li Low Bayer Seller O P/F. Saul INDUSTRIAL AND COMMERCIAL 1440 260 I Aetna 1230 -20 245 1290 1210 1220 1230 12.5 2.1 1.0 53.27,086 words
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Article, Illustration1905 1994-02-05 16 R Sivanithy - By R Sivanithy SINGAPORE Share prices ended largely unchanged yesterday, but analysts said the rising volume indicated that more players were now entering the market, which is an indication of growing confidence. Throughout the day, the Straits Times Industrials Index tradedCharts by Bridge Info; Source: Bloomberg - 1,905 words
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Advertisement216 1994-02-05 6 NEWS VALUE How today's news miy/it athn your stinks US embargo on Vietnam lifted (pg l> Continued positive sentiment on Viet-linked stocks. Aside from S'pore counters like F&N. several Malaysian companies with Vietnam projects will benefit Renong. Sapura. Mulpha. Golden Hope and Public Bank. Watch for news of others contemplating216 words
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Advertisement343 1994-02-05 7 imnßge in-depth jSSs' BUSINESS /Ji?ml NFWS I j y |J JJior over two decades Singapore Business has covered A the local and regional business scenes with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call it an unfair343 words
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Advertisement260 1994-02-05 9 BUSINESS TIME S TOLL—FREE TEL. No. 1-BQO-7AI-1883 FAXi74f-t»«« In The Matter Of The Companies Act, Cap, SO Ami la The Matter Of Zytd Systems Management Pte. Ltd. (»«■■> US' Wlnifcg At an Extraordinary General Meeting of the Members of Zytel Systems Management Pte. Ltd. duly convened and held at 3260 words
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Advertisement310 1994-02-05 9 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND TASK MARITIME CONSULTANTS PTE LTD At an Extraordinary General Meeting of Task Maritime Consultants Pte Ltd held on 28th January 1994 at 150 Orchard Road *08-19, Orchard Plaza, Singapore 0923, the following resolution was passed:SPECIAL RESOLUTION WINDING-UP That Task Maritime310 words
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Advertisement141 1994-02-05 9 In to* Matter of the Compeniee Act, (Cap. 50) AND In the Matter of ASPEN OIL TRADERS PTE LTD mt miimi Notice it hereby flivw pursuant to Section 306 of tha Companies Act. Cap SO. that a Final General Ms sling of la member* of the abovenamod Company w* be141 words
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Page 11 Advertisements
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Advertisement405 1994-02-05 11 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-1288 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF DSMLPteLId (In Maiwbara' Voluntary Liquidation) NOTICE OF RESOLUTIONS Alan Extraordinary General Meeting of the members of the abovenameo Company duly convened and held al 16 Rallies Quay #22-00,405 words
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Advertisement255 1994-02-05 11 IN THE MATTER OF THE COMPANIES ACT. CAT. SO AND CIVIC A CIVIL PTE LTD (la Memben' Voluaury Upidetioe) Al aa Extraordieary Geaeral Meetiaf of the sbovwamed Compaay My ooeveaed aad held al JO Jalaa Saluaf2l-04 Jalaa Svltaa Ceaue, Siappore 0719o« 2nd day of February 1994 tbefollo«ria| Special Reaolutioaa wen255 words
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Advertisement13 1994-02-05 11 \-offers B the most B current B list of job opportunities available. in13 words
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Page 12 Advertisements
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Advertisement40 1994-02-05 12 Singapore rr Business Times WE KNOW ASIA Address: f Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: m News Centre Singapore 1334 HaIHH; W Tel: 1800-749 2577 Fax 744 4875 Tel (O) (H) __BTtongM>7ol94_|40 words
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Page 13 Advertisements
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Advertisement9 1994-02-05 13 j BusinesslT Every Monday, in Business l imes I9 words
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Page 14 Advertisements
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Advertisement7 1994-02-05 14 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Page 15 Advertisements
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Advertisement36 1994-02-05 15 PROPERTY CONSTRUCTION Even Tuesday, in Business Times mmmm tw m m-■ m Ssft &AS Z/M &4&&S&&mS &I I J2V.-. l» 12 It s a Snap! Hi A The Classified |Q M Is 'a mmmmmmm. mm- m36 words
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Page 16 Advertisements
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Advertisement316 1994-02-05 16 MfA r\ J N V .ndoprcm ~^™~^^B ..rtofc AaN s V/V* 4, Beijing, China *****4 Arthaloka Building, Ground Fir U le^ STcI:&JOB2 FaX: *****01 J 2 i a n n i e n o2 ra 2o SUd rrnan e=S O aM e VA^ V sSS!,CTi 7 M Y *****0 d<M)316 words
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Executive Lifestyle
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Article, Illustration1688 1994-02-05 17 Jaime Ee - Caution is the watchword for the Year of the Dog, say Chinese astrologers and geomancers. Jaime Ee has the details Jaime Ee AS THE YEAR of the Dog comes upon us, uppermost on most minds would no doubt be stock market prospects for 1994. Stock analystsIllustration by Ben Cruz - 1,688 words
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IN THE WIND
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Article47 1994-02-05 17 AT A government ministry office, one reporter noticed the following items on the receptionist's desk: correction fluid, fluid thinner, glue, stapler and Axe brand medicated oil. We wonder is it a headache dealing with the public, or is it a headache dealing with civil servants?47 words
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Article48 1994-02-05 17 WE've picked up our fair share of "wrong number" calls, but none like this one. A colleague picked up his phone with his usual cheery "Hello, BT." This was met with a long silence. Then a voice finally said: "Err, is that Beatty Secondary School?"48 words
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Article41 1994-02-05 17 SEEN on the side of a van "Vanishing Service". Hmm. Does that mean they can make pesky in-laws disappear? Spotted on another van was "MaidPower. We are No 1." Obviously a company that's willing to fight for maids' rights?41 words
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Article42 1994-02-05 17 DO YOU notice how meanings sometimes get lost when translated from one language to another? Seen on a banner outside a restaurant: "Guitar Duck $18". It took a while before we realised the sign probably meant to say "Pipa Duck".42 words
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OPINIONS
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Article, Illustration964 1994-02-05 18 Chuang Peck Ming - Chuang Peck Ming discovers that the lowly pen wields a power that no word-processor can readily dismiss Chuang Peck Ming The writer is a BT correspondent George will, a weiiknown columnist in the United States, mourns that American presidents don't make964 words
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Article, Illustration923 1994-02-05 18 Nirmal Ghosh - Nirmal Ghosh looks at why governments of industrialising Asian cities must define anti-pollution parameters to guide small and less environment-conscious firms Nirmal Ghosh The writer is a BT journalist THE depressing truth is that Asia's big cities, with few923 words
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950 1994-02-05 18 Harish Mehta - Harish Mehta examines why Pakistan persists with efforts to destabilise Indian Kashmir Harish Mehta The writer is a BT correspondent TROUBLE threatens to bw up in the "other" Kashmir the part controlled by Pakistan. The mountainous area, annexed from India in 1948, is950 words
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262 1994-02-05 18 Runs Reingold - LETTER TO THE EDITOR Runs Reingold US Senator LEON HADAR's report (BT. Jan 13) about the status of my amendment to require the US president to consult Congress regarding human rights in East Timor before approving certain arms sales to Indonesia is262 words
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VIEWPOINT
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Article, Illustration1657 1994-02-05 19 Kenneth James - See THE RAFFLES 'FcONVERSmON Stan Shih, chairman and CEO of the Acer Group, talks to Kenneth James about different attitudes to business in Taiwan and Singapore. He discusses how companies in the region can make it big internationally, and what the game of Go meansPhoto by Chris Loh - 1,657 words
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Article660 1994-02-05 19 NOT surprisingly, China figures prominently in Stan Shih's long-term plans for his Acer Group. So does it bother him that while the computer world's biggest players are beating a path to booming China's door, Acer is forced to remain outside looking in? Mr Shih accepts the fait660 words
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Article642 1994-02-05 19 LEGEND (read, some Westem media) has it that Stan Shih was so influenced by Go that he based the Acer philosophy on the game. Asked about this, Mr Shih laughs. "I think it's the reverse," he clarifies. I already had an approach (to642 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration58 1994-02-05 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities Singapore, DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, Nomura Research Institute, OCBC Investment Research, Ong A Company, Peregrine Securities, Phillip Securities Research, Smith New58 words
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Article428 1994-02-05 20 Merrill Lynch (Jan 26) DBS. Buy for margin recovery. Group's interest margin of 1.6 per cent is lowest in the region due to poor interbank lending spreads. However, spreads have picked up and are expected to rise further. Market has yet to factor in full impact of margin improvement,428 words
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Article71 1994-02-05 20 Alliance Securities (Feb 4) Berjaya Singer TSR 98. The technical charts suggest that the stock is oversold. The gearing ratio of 2.97 times is one of the most attractive among TSRs in the market. Note: The broking firms, their directors and officers, and their related companies may have71 words
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Article, Illustration138 1994-02-05 20 By TA Securities In 1994, the market will return to fundamentals with share i prices reflecting their actual worth. Providing impetus is the im- pending general election, widely believed to be in August, and the award of infra- structure contracts and privatisation projects. We recommend138 words
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Article, Illustration173 1994-02-05 20 Paul Schulte - Paul Schulte Regional strategist (Asia-Pacific Equities) CS First Boston HE SIMPLE view I is that recovery in JL the US and Europe will see inflation, rising interest rates, and money flowing back to the developed economies. But for the US, I see growth with decelerating inflation. What's173 words
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Article1162 1994-02-05 20 Agnes Chen - Agnes Chen reports on the sea-change in perceptions of securities listed on the second board Agnes Chen WHEN shares in electronics company Go I d t r on doubled, then tripled in price, it marked a coming-of-age for Sesdaq stocks. Goldtron's share price eventually quadrupled1,162 words
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881 1994-02-05 20 Joyce Quek - Joyce Quek on OCBC's recommendations for the first half of this year Joyce Quek EXPECT the Straits Times Industrials Index to breach 2,700 by the first half of this year and the KLSE Composite Index to reach 1,350 by mid-year. Liquidity will be the881 words
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211 1994-02-05 20 THE SESDAQ Fund came out tops in a Micropal ranking of Far Eastern Country Funds for 1993. The US$BO million (SSI27 million) closed-end investment trust, invested primarily in securities listed on Sesdaq, gained 248.9 per cent between Jan I, 1993 and Jan211 words
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Article, Illustration491 1994-02-05 20 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index fell for the fifth consecutive month in January to settle at 241.25, the lowest level since the 241.21 of April 1992. The 3.72 point fall from December's 244.97 is, however, a far cry from491 words
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Article, Illustration1190 1994-02-05 21 Bernard Chew - This monthTs initial public offerings By Bernard Chew IT MAY not be making the biggest waves or the loudest noise in the fast-growing multimedia but Aztech Systems, which launched its initial public offering of shares last Monday, is nevertheless a sound investment, analysts polled by1,190 words
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Article, Illustration775 1994-02-05 21 Claire Leow - By Claire Leow COMPUTER- related companies Aztech, Datapulse Technology, and Sunright are among those making IPOs this year. At first sight, the personal computer business seems to be the flavour of the month. And why not? The forecast is for a 11Photo by Arthur Lee - 775 words
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467 1994-02-05 21 Bernard Chew - By Bernard Chew IF like many other nonboffin investors, you are beginning to feel queasy amidst the sea of acronyms and computer jargon that have been swirling around with the recent share offering of technology companies like Aztech and Datapulse. fear not. The glossary467 words
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Article, Illustration616 1994-02-05 21 Shiv Taneja - By Shiv Taneja AT AN initial offer price of 72 cents. Falmac a manufacturer of knitting machinery is considered a good mediumterm Sesdaq stock to own. Based on the company's computation of net earnings per share for 1994 at 5.9 cents (on the weighted average616 words
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Article, Illustration717 1994-02-05 22 SUSAN TSANG - Cinema Review By SUSAN TSANG IN HIS 30th film, director Robert Altman takes the writings of Raymond Carver, splices together nine short stories, and presents the lives of 22 characters in a series of Short Cuts. Instead of placing them in the Pacific Northwest, Altman has transferred717 words
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Article, Illustration671 1994-02-05 22 SUSAN TSANG - By SUSAN TSANG ttiVING wowed the world with the opulent Hfestyle of The Last Emperor, Bernardo Bertolucci returns to Asia once more in his latest offering. Little Buddha. Basically, the film is about a normal American family who are visited by some Tibetan Buddhist monks one day. It671 words
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Article, Illustration1164 1994-02-05 22 Shahiron Sahari - Valentine's Day can be costly, but that isn't stopping couples from making an occasion of it. Shahiron Sahari reports Shahiron Sahari Valentine's Day does it still mean anything in this day and age? Or is it, like Christmas, simply mired in commercialism? For sure, Feb 14Cards by American Greetings. Design by Ben Cruz - 1,164 words
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Article, Illustration655 1994-02-05 22 SAMUEL EE - Motoring By SAMUEL EE WHEN Honda unveiled the first Integra in 1986, it created something of a sensation. Here was a five-door family hatchback, but with sporty pop-up lights and raked rear windshield. The three-door version, which the Singapore market did not get, was even more dramatic655 words
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Article, Illustration449 1994-02-05 23 R SIVANITHY - CD Review By R SIVANITHY BAD COMPANY: What You Hear Is What You Get Almost 20 years after they were formed from the remnants of British supergroups Mott the Hoople and Free, Bad Company has finally released a live album. The band has seen449 words
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SPORTS
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Article, Illustration644 1994-02-05 24 Golf Johnnie 1 Classic I Defending champ Faldo misses the cut at top Thai tourney AFP. Reuter PHUKET, Thailand Bernhard Langer of Germany and America's Fred Cbuples shared the lead at the end of the second round of the Johnny Walker Classic in Phuket yesterday, whileAFP.; Reuter - 644 words
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Article, Illustration563 1994-02-05 24 Shahiron Sahari - Five Nations Rugby By Shahiron Sahari SINGAPORE The Singapore Cricket Club Rugby Sevens, now in its 47th year, has grown from strength to strength to become one of the premier Club Sevens tournaments worldwide. While the top teams get stronger and more numerous with each563 words
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SPORT SHORTS
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Article, Illustration26 1994-02-05 24 Reuter NKW NORk NBA lliursda>: Cleveland 97 San Anionic 98: Houston 99 LA Lakers XX: Utah X 5 Chicago 94; Portland 12ft Phoenix 105. RenterReuter - 26 words
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Article, Illustration122 1994-02-05 24 AFP ANTIGUA England's cricketers took early command of their match with the Leewards Islands at St John's on Thursday thanks to an impressive effort hy their howlers. Michael Atherton's men dismissed the home side for just IXI in the opening llrst-class match of their tour, with Andrew Caddick andAFP - 122 words
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Article, Illustration309 1994-02-05 24 AP AFP Reuter BKIJING The 1995 World Cup of Golf will be played in China, the International Goll Association announced Thursday. The announcement of the first major international golf event in China was made hero by Wu Shaozu. China's minister in charge of the Commission for Physical Culture andAP; AFP; Reuter - 309 words
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Article, Illustration24 1994-02-05 24 Reuter NKW YORK NHL Thursday Boston 0 NY Rangers J: Philadelphia 2 San Jose 3 (OT): St Louis 3 Quebec 4. ReuterReuter - 24 words
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Article, Illustration230 1994-02-05 24 AFP AFP AFP AFP SINGAPORE Pakistan took a comfortable 2-0 lead over Singapore in the opening day's ptav of the Asia-Oceania Group Two Davis Cup fixture at the Singapore Island Country Club yesterday. In the first singles. Omer Rashid beat Adrian Lam 6-1. 6-4. 6-3. and young Mohammad KhaliqAFP - 230 words
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PEOPLE
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Article, Illustration212 1994-02-05 24 MORE than 100 guests attended a cocktail reception to launch Leonie Condotel, the latest addition to the Far East Organization's stable of condominium developments. Situated between River Valley Road and Grange Road, the 25-storey Gracco-Roman inspired development is aimed at top echelon expatriates. The212 words
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TIME OFF
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Article, Illustration899 1994-02-05 25 Shahiron Sahari - It's still early in the year but Shahiron Sahari believes Singaporeans have already attended their Concert Of The Year on Thursday night Shahiron Sahari STING the musician is like the poor man from the backwaters who's made it to the high899 words
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Article203 1994-02-05 25 Light in the Village Theatreworks presents this play about a poor village in the East, so poor it can't afford electricity, clean water, basic hygenic necessities, etc, until a Brother returns from the affluent West Till Feb 8. 8pm at the Black Box. Fort Canning Centre. Tickets at $15203 words
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Article, Illustration473 1994-02-05 25 Chris Isaak in Concert The guy who was responsible for the twangy guitar song Wicked Game. Chris Isaak will be here for to promote his latest effort San Francisco Days which brought forth the moody single. Can't Do A Thing To Stop Me and the more upbeat title track.473 words
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Article168 1994-02-05 25 The Great American Adventure 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. Showtimes: Ham: Hidden Hawaii; I2pm: Niagara Miracles. Myths and Magic: lpm: Grand Canyon The Hidden168 words
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Article1085 1994-02-05 25 Public Forum This forum, entitled Let the Women Speak Towards Equal Benefits, brings together associate professor Leong Wai Kum of the NUS Law Faculty and Hedwig Anuar. retired directoor of the National Library. The forum will be chaired by Amanah Tan. the president of the Singapore Council1,085 words
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Article155 1994-02-05 25 Maafkan A nan 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. Today. 3pm at the Guinness Theatre. Tickets at $5. Quiet Shades Jason Tan uses the base shades of black155 words
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Article89 1994-02-05 25 Second Asean Youth Symphonic Band Workshop The National Arts Council is inviting young Singaporean musicians below 25 years old to audition for the workshop to be held in Thailand from June 3 to 13. Feb 26 and 27. For application details, call Dorcas or Clara at 270-0722. Closing date89 words
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Article91 1994-02-05 25 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. If91 words
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EPICURE
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Article, Illustration938 1994-02-05 26 Jaime Ee; Sean Ang - With just a few days left to stock up on Lunar New Year goodies, Jaime Ee scouts around Singapore for the best buys while Sean Ang takes a trip across the Causeway to see if things are really much cheaper in Johor Baru Jaime Ee Sean Ang WE938 words
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581 1994-02-05 26 IVE ringgit and 25 cents. IH Quick, how much is J. that?" No answer. "So? HOW MUCH is that?" "Wait lah. Stupid calculator is stuck... three dollars!" "Three dollars? Buy!" You've seen this scenario before a couple picking out items and furiously doing some581 words
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Article894 1994-02-05 26 N K YONG - Wine The 1982 clarets: notes from the second tasting session By N K YONG AN EXTENSIVE tasting of the 1982 clarets took place for the first time in Singapore at the RafTles Hotel last month. More than 50 guests sipped and tasted their way through894 words
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Article, Illustration1013 1994-02-05 28 HiMwi Family Values. Raul Julia, Anjelica Huston and their creepy, ooky family are back. Lido: 4.15; 7; 9.30 Inwfcan Heart JefT Bridges is an ex-con trying to get to Alaska with his troubled son. Marina 1: 1; 3; 7.30; 9.30. A Perfect World. Kevin Costner is a convicted murderer1,013 words
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Page 17 Advertisements
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Advertisement166 1994-02-05 17 I WSKaaMll The •<****/ way of turning iharo into II I HC ,IJ SSSS Lm> -^ass^l K;ym > mwß Available exchaivdy: SINGAPORE: Burtxrm Main Shop: 4V> Orchard Road. *02-42/43/44. Wnma Aim. Singapore 0923. T<± 733 7113. 591 Orchard Road. •01-10 Takarfnmaya Shopping Centre. Singapore 0923 T«k 735 1283. Bwfcaiy Skop4»Shop:166 words
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Page 18 Advertisements
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Advertisement21 1994-02-05 18 Call 24 hours a day for shares to buy, coming issues results of your share application. Cost 50 cents per minute21 words
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Advertisement27 1994-02-05 18 JUST CALL--737-1166 Make the connection through The Straits Times Classified when youre looking for j£ bargains or looking for customers. Just give us C.A.T.S. a call. 737-H6627 words
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Page 18 Miscellaneous
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Miscellaneous51 1994-02-05 18 SORRV.mi? BR»STOlO 1 I'VC. fM-READV "TV»C DtCDS ow, Posißoy.. I Ycwee CM&R TVC. OP youß PUNT PSMD TUG. Keys Pi rvie. I yurotf ftS IT \jp n/QOR CAR TO To£ <**€. J NT \f Vpvfeß T\u_ PftVQPvy.;-. V t AMOCttTtO imw»wW CT». IW»IW4 DOONESBURY GARRY TRUDEAU H Q i ->51 words
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Page 23 Advertisements
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Advertisement23 1994-02-05 23 Cocktails MB IT l I 11am lam daily H ifflßPf- M r Italian Restaurant Bar Singapore's Biggest And Most Outrageous! Bras Roads V*23 words
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Page 24 Advertisements
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Advertisement105 1994-02-05 24 ADVERTISEMENT ftirinrefflnre/KENWOOD GOLFING TIPS By BRETT BRASIER PROFESSIONAL GOLFER Fully Qualified Member Of 5.P.G.A.S Dip in Golf Management SNK. Such a stance will automatically cause you to swing jH on swin 9 on the out-to-in path necessary for a slioe. When you are faced skb > With the prospect of105 words
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Page 25 Advertisements
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Advertisement19 1994-02-05 25 PORT SHOTS vV Th e latest in sea, air and land transportation. 1 XXnnhaiwh# rI 1 BusinessTimcs vyyyQW rvimwaw19 words
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Page 26 Advertisements
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Advertisement82 1994-02-05 26 jjj| $388 nett and $628 nett With Yu Sheng HmvAetk Rihii) Siiiijnjxtrr lfJ/6 Tel: *****22 h'ax: *****14 HWHI Okie English Eating House 277 Orchard Rd #02-38 Specialists Centre 5<0923) l—i Specialized hn steaks, farmhouse fare, devooshire cream tea. (Good restaurant guide award winner) DEVONSHIRE CREAM TEA (Served from 3pm 6pm)82 words
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Page 27 Advertisements
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Advertisement609 1994-02-05 27 Nothing Beats A BudOF GENUINE TASTE OF ITALY. I 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, Tlramisu. PASTA FRESCA SALVATORc lfct^ BLK 833 #01 -03 ROYAL VfLLE BUKfTTIMAH609 words
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Advertisement245 1994-02-05 27 LL. A WHERE TO WINE, DINE AND ENTERTAIN Xjfr NEW j/EAR GREETINGS dg&QjL FROM PLAZA HOTEL C [p fl y February 9 -24 Wr Chinese New Year '%V 1 Set Lunch Je Dinner L B N From $388 to $888" i > N. P" ul>lc /7w v -s;\ I V.245 words
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Advertisement409 1994-02-05 27 Enougk. Lynoiiglia Enougk. 'Enough is enough. 'When our quests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they alivays end up conceding that theyve had more than enough. Come try it to believe. Jjy for reservations, please call *****51. Scandinavian 'Buffet for409 words
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Page 28 Miscellaneous
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Miscellaneous2499 1994-02-05 28 TODAY'S TV ■V7rrnV!TTTrrTST3H Our Choice). 8.00 Gsrhort 6.00 Movie Mask. 8.30 King Arthur And His Taste Japan (Last Unfits. The Last Warrior, 2pm, SBC 5 Those Who Dare, 5.30pm, ep. See Our Choice). 900 Kid's Ch* (M). Towards the of World War $BC 700 J^" y Franc 1 Vc }n2,499 words
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