The Business Times, 26 February 1994

Total Pages: 32
1 32 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Weekend Edition. February 26-27 1994 WH KNOW ASIA 75"
    13 words
  • 660 1  -  From Leslie Lopez in KUALA LUMPUR THE Malaysian government, livid over British media allegations of kick-backs against its top leaders, declared yesterday that it would no longer award contracts to British companies. Deputy Prime Minister Anwar Ibrahim said several large
    660 words
  • 534 1  -  Analysts expect minimal effect on Malaysian stock market Neil Behrmann, Ho Kay Tat BRITISH companies yesterday expressed deep regret at Malaysia's new punitive trade policy, fearing that it will deprive them of opportunities in a fast-expanding market. Britain's biggest exporter British Aerospace pic launched
    534 words
  • 447 1  -  From Catherine Ong in HONGKONG HONGKONG share prices fell again yesterday on fears of an interest rate hike and worsening Sino-British relations sparked by Governor Chris Patten's decision to push ahead with his controversial political reforms. The benchmark Hang Seng Index sank
    Source: Bridge Info  -  447 words
  • 169 1 SINGAPORE Prices on the Stock Exchange of Singapore fell for the second successive day yesterday, weighed down again by Wednesday's Budget which disappointed business. Following a 38.67-point drop in the Straits Times Industrials Index on Thursday, the market fell another 27.85 points or
    169 words
  • 450 1 Reuter TOKYO Japanese Prime Minister Morihiro Hosokawa and his Cabinet, faced with the threat of tough American trade sanctions, decided yesterday to draw up a package of marketopening measures by the end of March, but convincing Washington looks like a tough job. Foreign
    Reuter  -  450 words
  • 2am LATEST
    • 49 1 Reuter NEW YORK Wall Street stocks remained mixed at midday yesterday as the market failed to completely shake off the effects of the previous day's 52-point decline in blue chips. At Ipm EST, the Dow Jones Industrial Average was down 1.78 points at 3,838.12.
      Reuter  -  49 words
    • 73 1 Reuter MOSCOW Russia has no plans to sell large volumes of gold on world markets to finance its budget deficits, a senior central bank official said yesterday. "The world gold market may sleep calmly. There is no direct link between our budget
      Reuter  -  73 words
    • 38 1 Reuter LONDON British immigration officers voted yesterday to boycott duties at Eurotunnel plc/SA's Channel Tunnel when it opens in May unless a dispute over working conditions at the French end is settled.
      Reuter  -  38 words
  • 158 1 Stock nariwt indicts Friday Chance STII 2,357.39 -27.85 KLSEComp 1,124.11 -22.30 Nikkei 19,803.38 +37.90 Hang Seng 10,100.25 -331.77 SET Index .closed Jakarta Comp 547.51 -5.01 CLSA China B ....1,221.09 -23.55 Ausl All Ord 2,148.8 -48.2 FTSE100 3,281.2 +13.7 Friday Previoas lpa dose Dow Jones 3,838.12 3,839.90 Average of
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  • Page 1 Advertisements
    • 23 1 Singapore 9 s restaurant business: el i A smaller slice of the pie J Singaporean to head Standard Chartered's local operations, Page 9
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    • 37 1 Corporate results season: el 4 [&jf Should you buy or sell into the nenp? Full text of Malaysian govt press statement, Page 3 Full market reports. Pages 12-16 Bonds slump as hedge funds bail out, Page 9
      37 words
    • 358 1 The Raffles Conversation: el 3 Bx-Congressman Stephen Solarz I u CONTENTS ~1 Stan New 2 rponSrS?*. (J taroari Nms 3,4 Fmactf 9.10 tapon/Mori* 4 World S MaMl Faatarw CM/KLSC. SES 14-16 n Q. 4,5 12 Dmmi UJV Kfcrtd 12 Sporb ELS Carrencas 10 TV/«adß ai2 Smw/Comw 11 HISTORY IN TIME
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  • SINGAPORE NEWS
    • 567 2  -  NUS Econometric Studies Unit workshop By Anna Teo THE Singapore economy is expected to grow between 7.3 a«d 8.5% this year depending ort the performance of the advanced and East Asian economies, the National University of Singapore's Econometric Studies Unit (ESU) forecasts. Growth in the
      567 words
    • 323 2 INCREASES in the employers' Central Provident Fund rate have only transient effects on competitiveness, exports and inflation, according to a study by the Monetary Authority of Singapore (MAS). A simulation of the MAS economic forecasting model shows that a one-point
      323 words
    • 338 2  -  By Claire Leow CHARTERED Semiconductor Manufacturing (CSM) yesterday held a ground-breaking ceremony for a $1.3 billion semiconductor plant in Woodlands, its second facility. It received a $100 million boost from the government through the recently established $1 billion Cluster Development Fund designed
      338 words
    • 55 2 IN THE report "Patents Bill introduced to speed up and cut cost of registration" in Thursday's edition of BT, we were misinformed that under the proposed revision, the cost of registering a patent will be about $1,350 excluding agent's fees. The Ministry of Law has since pointed out that
      55 words
    • 226 2 PRIVATE property prices could rise almost 15% between end-1993 and the last quarter of this year, according to Yamaichi Merchant Bank analyst Alan Cheong. Far East Oiganisation chief Ng Teng Fong could alone boost prices more than 10% in a
      226 words
    • 213 2 Asian Aerospace '94 SINGAPORE Aerospace Manufacturing is teaming up with an international consortium of aircraft companies for the development and manufacture of a new-generation jet engine auxiliary power unit, the company announced here yesterday. SA Manufacturing, together with BMW Rolls Royce, Kawasaki Heavy
      213 words
    • 147 2 AIRLINES can now buy "parttask" flight simulators that cost just a fraction of the price of full simulators. Part-task simulators go for between $100,000 and $1 million, compared with about $30 million for full simulators. "Part-task simulators replicate certain flight procedures, but they can be
      147 words
    • 607 2  -  The OSA trial Deputy Public Prosecutor cites gaps in notes By Ramesh Divyanathan THE PROSECUTION successfully applied when court convened yesterday morning for an adjournment to Monday as it had gaps in its notes of BT editor Patrick Daniel's testimony the day before.
      607 words
    • 181 2 SEMBAWANG Shipyard Ltd was yesterday given the maximum fine of $25,000 on each of two charges of violating the Factories Act, in connection with separate Qms J hat broke out in two vessels docked at the yard in 1992. T, -I. The company pleaded
      181 words
  • Page 2 Advertisements
    • 39 2 BUSINESS TIMES/SUN VIC PRODUCTIONS JOINT PROMOTION March 1994 •Bpm Harbour Pavilion, World Trade Centre Rl IglrtAPOniWH? i *g*, r e Join our simple contest and win! Details in Business Times today and on February 28, 1994 (Monday). 11 ICS
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  • Page 2 Miscellaneous
    • 298 2 1 Clearly annoyed despite sup- 4 Associate team has a chance to score (8) j j j j 1 1 I t j i I 8 Organic compounds found _iii_l when bull dies in agony (6) 9 Butter with unusual 10 j j j j j I I I I
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  • THE REGION
    • 554 3 Territory could lose billions in trade, investment and tourist spending: experts Reuter HONGKONG Hongkong stands to lose billions of dollars in trade, investment and tourist spending if pressure from growing business contacts forces Taipei to drop its ban on direct links
      Reuter  -  554 words
    • 315 3 AFP BEIJING Some 10,000 Chinese firms were sold or merged last year, as local governments took advantage of property rights reform to invigorate lossmaking state enterprises, a senior economic official said yesterday. Medium-size and small state firms "with less than desirable
      AFP  -  315 words
    • 751 3 Full text of the statement from the Malaysian Deputy Prime Minister's office KUALA LUMPUR The government of Malaysia is deeply concerned over the spate of adverse portrayals of the country over the last few months by some
      751 words
    • 379 3  -  Singapore mission to China Reports by Yong Pow Ang in TIANJIN, China GOVERNMENT-LINKED Singapore Techologies Industrial Corporation (STIC) sees China figuring prominently in its regionalisation thrust, says its president Wong Kok Siew. The listed company has mapped out a strategy to invest
      379 words
    • 267 3 TIANJIN The city yesterday appointed Liu Thai Ker, former chief planner of Singapore's Urban Redevelopment Authority, its urban planning adviser. The appointment opens the door to project consultancy work for RSP Architects Planners and Engineers, of which Mr Liu is a director. It
      267 words
    • 453 3  -  By Alec Almazan SINGAPORE Malaysia's purchase of 18 MIG-29 fighters from Russia has been held up over countertrade conditions, Aviation International News reports. The Malaysian government last year announced it would finalise a purchase agreement with Russia by this month. The purchase,
      453 words
    • 202 3 Reuter CANBERRA Australia's Treasury says it is studying the tax regime for foreign companies wanting to set up their regional headquarters in Australia and will present its findings to the government before its Budget in May. Last week, it was reported that the government
      Reuter  -  202 words
    • 129 3 Reuter SEOUL South Korea's current account posted a surplus last year for the first time in four years due to recovering exports, show figures released by the Bank of Korea (BoK) yesterday. But analysts and economists said the surplus could be short-lived if the
      Reuter  -  129 words
    • ASIA NOTES
      • 82 3 Bloomberg Business News TAIPEI Taiwan approved U5597.7 million (S$ 154.9 million) of new foreign investment in January 1994, twice the approvals in January 1993, the Investment Commission said yesterday. Investment applications from Europe soared to US$4B.9 million from only US$l.5 million a year earlier, while
        Bloomberg Business News  -  82 words
      • 59 3 AP JAKARTA Indonesia yesterday asked the US to increase its textile quota in return for cotton imports from the United States. Minister of Industry Tungky Ariwibowo spoke with reporters after meeting the visiting US Undersecretary of Commerce for International Trade Jeffrey Garten. Mr Garten arrived
        AP  -  59 words
      • 77 3 Reuter PHNOM PENH One of the biggest companies operating in Cambodia has been ordered to explain huge discrepancies related to imports of building materials for a central Phnom Penh development project, a local newspaper reported yesterday. Government auditors asked the company. Thai Boon Rong, to
        Reuter  -  77 words
      • 72 3 UPI Hongkong China's first Sino-foreign wholesaling joint ventures will set up on a trial basis this year in Shanghai, China-funded Hen H'ei Po newspaper said yesterday. A Thai company which was not named and its Chinese partners will establish one of the ventures, a distribution centre
        UPI  -  72 words
      • 69 3 Reuter SEOUL South Korea's current account posted a surplus last year for the first time in four years due to recovering exports, figures released by the Bank of Korea showed yesterday. The current account recorded a surplus of U*****.3 million (Ss7l4 million) in 1993,
        Reuter  -  69 words
      • 56 3 Reuter DHAKA China yesterday offered Bangladesh an interest-free loan of US$B.5 million (S$ 13.5 million) and promised increased economic relations. The loan agreement will be signed on Saturday, Foreign Secretary Mufleh Osmany told reporters after a 90-minute meeting between Chinese Foreign Minister Qian Qichen and
        Reuter  -  56 words
  • Page 3 Miscellaneous
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  • THE REGION/WORLD
    • 720 4 Reuter, AFP GENEVA The United States, the European Union, Japan and Canada signalled yesterday that they were about to table long-awaited tariff lists that form a key part of a new Gatt world trade treaty to be signed in April.
      Reuter,; AFP  -  720 words
    • 498 4 Knight-Riddei KUALA LUMPUR A general election is seen as being imminent in Malaysia after the ruling Barisan Nasional coalition performed credibly in the key Sabah state election. The coalition "will be more confident to call for an election now", said Syed Husin
      Knight-Riddei  -  498 words
    • 421 4 Reuter, AFP HEBRON A Jewish settler blazing away with an Israeli Galil assault rifle shot dead dozens or Palestinians in a mosque yesterday. Witnesses said at least 48 Arabs were killed as they knelt in prayer and dozens more wounded. PLO executive committee
      Reuter,; AFP  -  421 words
    • 189 4 AFP, Reuter BEIJING China's foreign investment climate will show a marked improvement this year as the country seeks to expand its energy, transport and communications sectors, Premier Li Peng said here yesterday. At the same time, an unprecedented series of laws and
      AFP,; Reuter  -  189 words
    • 382 4 Reuter NEW DELHI India said yesterday that it had approved three large foreign investment projects worth US$l.26 billion (S$ 1.9 billion) the country's largest power project, a technology park and a joint venture with Russia for a cement plant. The Indian
      Reuter  -  382 words
    • 185 4 Reuter HONGKONG British entrepreneur Richard Branson said yesterday that Singapore might become the centre of his Virgin Atlantic Airways' operations in Asia because of the congestion at Hongkong's Kai Tak airport. "The trouble is the slots in Hongkong and this is why
      Reuter; AFP  -  185 words
  • Page 4 Advertisements
    • 265 4 Sound, Solid Secure Yes, we believe a substantial portion of your savings 1 should be placed in investments which are Sound, Solid I The Asia life CPF Approved Plans Action Form Secure. That's why we think you should take a closer «♦a i u- u I Yes! I'm interested in
      265 words

  • THE WORLD
    • 369 5 NYT WASHINGTON The Clinton administration on Thursday proposed the first major overhaul of American export controls since the Cold War. The move is aimed at easing the sale abroad of machine tools, telecommunications equipment and other devices that had been restricted because
      NYT  -  369 words
    • 344 5 Bloomberg Business News NEW YORK European and US executives are more optimistic about business conditions in the first quarter, in sharp contrast to their Japanese counterparts, according to a Dun Bradstreet Corp survey of 11,000 executives worldwide. Overall, worldwide business optimism is holding
      Bloomberg Business News  -  344 words
    • WORLD WATCH
      • 76 5 UPI WASHINGTON US President Bill Clinton announced on Thursday that he intends to promote John M Deutch, the Pentagon's Undersecretary of Defence for Acquisition and Technology, to the US Defence Department's No 2 post. He will replace Defence Secretary William Perry, who succeeded Les
        UPI  -  76 words
      • 75 5 Reuter BONN German Finance Minister Theo Waigel said he thought west German inflation could be below 3 per cent by the end of 1994. Mr Waigel told the daily Bild newspaper that with inflation coming down, the Bundesbank would have more opportunity to
        Reuter  -  75 words
      • 47 5 AFP WASHINGTON These chanting Cuban exiles were among 2,000 people who gathered on Capitol Hill on Thursday. They were there to protest against the possible lifting of a 30-year-old embargo against Cuba. They fear the move may give President Fidel Castro a boost.— AFP
        AFP  -  47 words
      • 74 5 Reuter STUTTGART, Germany The final day of two-day wage talks for the German public sector opened early yesterday with both unions and employers sticking to their positions. Negotiators reported little progress on Thursday in the third round of talks for 3.5 million public-sector workers. Yesterday's
        Reuter  -  74 words
    • 301 5 NYT WASHINGTON Finding it difficult to produce a welfare plan that could be financed through spending cuts alone, the Clinton Administration is contemplating tax increases, with gambling establishments among the tafgßtoofficials said on Thursday. No decisi6ife''have been made on whether to
      NYT  -  301 words
    • 70 5 Reuter IZMIR, Turkey Izmir's municipal officials could certainly do with some advice from King Solomon on Thursday. An unemployed man, desperate to save his home, threatened to throw his daughters from the roof of his illegally built shack, one of nine the town
      Reuter  -  70 words
    • 368 5 Bloomberg Business News, Reuter LONDON Britain's economy is set firmly on recovery and inflation will stay low, says Prime Minister John Major. He told legislators on Thursday that with seven straight quarters of growth, and forecasts of expansion greater than any comparable European country
      Bloomberg Business News,; Reuter  -  368 words
    • 424 5  -  From Leon Hadar in WASHINGTON TWO top US officials have again warned that unless China makes major progress on human rights and other issues, President Clinton will not renew Beijing's Most Favoured Nation (MFN) status in June. Appearing before
      424 words
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  • Page 5 Advertisements
    • 142 5 _B_U_S INESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX 741-HW LOST CERTIFICATES The following certificates for ordinary shares have been reported lost, mislaid or destroyed:- HgdCggg Cart Mo. In tw Name of ftfi BuW Sembawang Z*****32 Tesniare Chez 350 Estates Limited Fremont Andre *****/3263 Hoc* Char Pno 2x1,000 5634/5635 HooiChanPing 2x1.000
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  • COMPANIES & MARKETS
    • 315 6  -  By Joseph Rajendran SINGAPORE IPC Corp, which has announced plans for new factories in Europe and China, now intends to build a second plant here for $25 million. The facility, which will be running by mid-1995, will relieve pressure on the existing
      315 words
    • 523 6  -  By Harish Mehta SINGAPORE Raffles International Ltd is locked in a four-cornered fight to win a multi-million dollar contract to refurbish, build a new wing and operate Phnom Penh's historic Royal Hotel. A top ranking official of the Cambodian Ministry
      523 words
    • 147 6 SINGAPORE Guthrie GTS plans to redevelop its property at 39 and 41 in Singapore's Sixth Avenue. The property is now the site of' the group's headquarters, which houses 275 administrative and finance staff. Number 39 will be developed into a commercial complex and
      147 words
    • 587 6  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE Shareholders of EPE Bhd, the recently listed Malaysian second •board counter, must be smiling all the way to the bank. In early February, the switchgear manufacturer floated 12 million MSI shares at an
      587 words
    • 523 6  -  From Ho Kay Tat in KUALA LUMPUR THE Malaysian Securities Commission (SC) has approved, on revised terms, Insas Bhd's MS9O million (SSS2 million) purchase of a 99.9 per cent stake in stockbroker Perak Traders Sdn Bhd. But as a condition for
      523 words
    • EYE on your STOCKS
      • 19 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)
        19 words
      • Article, Illustration
        161 6  -  Quak Hiang Whai Haw Par Brothers has seen rising volumes in the last three days as it approaches $3.60. The stock closed 10 cents higher at 53.56 yesterday. On the daily chart, it appears to have traded out of a downward sloping resistance trendline at around $3.42 and
        161 words
    • COMPANIES
      • 476 7  -  By Harish Mehta SINGAPORE Vietnam's first stock exchange, in Ho Chi Minh City, will offer five seats to foreign brokers and 10 to domestic firms when it opens at the end of the year. Foreign brokers who want to
        476 words
      • 299 7 Bloomberg Business News BANGKOK Telecommunications conglomerate AT&T will lay off 43 per cent of its workforce in Thailand as part of a major restructuring, a company spokesman said yesterday. About 1,500 workers at AT&T's telephone assembly plant in Bangkadi Industrial Park, just north
        Bloomberg Business News  -  299 words
      • 208 7 AFP MANILA San Miguel, the Philippines' largest manufacturing company, announced on Thursday a 100 per cent stock dividend this year, but reduced its quarterly cash dividend rate by 42.9 per cent per share. A company statement said the decision by the board of directors
        AFP  -  208 words
      • 271 7 MANILA Bell Telecommunications Philippines (Bell Tel) has launched a US$3.9 billion (556.2 billion) venture to challenge Philippine Long Distance nearmonopoly, company officials said yesterda^ Bell Tel, a new firm, intends to hook up with Bell South of the United States to carry
        271 words
      • 294 7 Bernama KUALA LUMPUR Improved efficiency, cost-cutting measures and marketing activities helped Carlsberg Brewery Malaysia improve its group pre-tax profits by 10.3 per cent to M 568.06 million (5539.4 million) for the financial year ended Dec 31, 1993. At the company level,
        Bernama  -  294 words
      • 407 7  -  By Shiv Taneja SINGAPORE UK-based merchant banker N M Rothschild Sons (Hongkong) Ltd will open a representative office. the first by a UK merchant bank, in Shanghai next week. Evelyn de Rothschild, chairman of NM Rothschild Sons Ltd. said yesterday: "Our
        407 words
      • 236 7 Bernama KUALA LUMPUR Malaysian Tobacco Co Bhd has recorded group operating pre-tax profit of M 565.414 million (5537.9 million), an increase of 10.1 per cent over calendar 1992 despite a drop of 8.7 per cent in sales at M 5493.431 million. MTC said in a
        Bernama  -  236 words
      • 584 7 HK China Gas announces 21pc higher net profit, bonus shares and warrants Bloomberg Business News HONGKONG Hongkong China Gas. the territory's sole supplier of town gas, yesterday reported a 21.3 per cent increase in its after-tax profit for 1993 above most analysts' expectations. The company said that its net profit
        Bloomberg Business News  -  584 words
      • COMPANY BRIEFS
        • 42 7 KUALA LUMPUR Esso Production Malaysia will cut expenditure because of weak crude oil prices, chairman Morris Foster said on Thursday. He said Esso wants to reduce the cost involved in installing oil platforms and drilling wells. Knight-Riddcr
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        • 36 7 SINGAPORE Singapore Airlines has boosted its equity in its wholly owned subsidiary Silk Air Singapore from 575 million to 5125 million with the acquisition of 50 million shares at Si apiece.
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        • 75 7 SINGAPORE King's Hotel Singapore has appointed two new directors to the company's board. They are Edouard Alfred Gremlich and Foo See Juan. Mr Gremlich, a veteran hotelier with the ITT Sheraton Corporation, has been the chief executive officer of CDL Hotels International since Jan 1,
          75 words
        • 47 7 SINGAPORE Isetan Singapore Ltd has appointed Nobuo Ishii as its new managing director following the resignation of Yujiro Harimoto. Mr Harimoto. who has been with Isetan Company Ltd. the parent company since 1971. will also become a member of Isetan's audit committee.
          47 words
        • 45 7 Bernama KUALA LUMPUR Muhibbah Engineering (M) Bhd made its debut on the Kuala Lumpur Stock Exchange Second Board yesterday with a M 54.60 premium over its M 52.40 offer price. A total of 2.369 million Muhibbah shares were traded. Bemama
          Bernama  -  45 words
        • 67 7 SINGAPORE Wearnes Brothers Ltd said yesterday in a statement that it has yet to file a suit in the High Court against Optics Storage Pte Ltd as reported in a BT article dated Feb 25. But the company added that it was granted a search warrant under
          67 words
      • 338 7 Pa\ ment Lx Books Pay dale dose date BAT 2I« F 86.9N Mar 18 Mar 24 Apr 6 Bcr)aya (iruup I 6 Mar 11 Mar 28 Apr 18 Beqa\a Ind I 4 Mar II Mar 28 Apr 12 Bcoa\a Leisure I 5 Feb 22 Mar 8 Apr 6
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      • 489 7 UNIT TRUSTS FUNDS ■taMf** pricm Feb 26 21 UMB bMtt Mgt Ltd *?Miginnn 11—1a Tni»» Unifund 1.59 1.65 9MPPHV UINI IrUSI Lmbond- 1.02 105 TV- (omBcrcc 1.83 1.92 United Or Fund« 169 1.76 The Savings Fund 1.70 11.79 u n ued Asia Fund 1.90 2.00« S pare I'fxjg Fund 076
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      • COMPANY BRIEFS
        • 72 8 AFP TOKYO Japan's biggest glassmaker Asahi Glass Co Ltd said yesterday its consolidated pre-tax earnings plunged 55 per cent to 20.2 billion yen (SS3O3 million) in the year to December, from a year earlier. Sales fell 7 per cent to 1.23 trillion yen in the
          AFP  -  72 words
        • 79 8 AFP SEOUL South Korea's Daewoo Business Group posted a dramatic growth in both turnover and profits last year on the strength of a sales boom and strong exports, the group announced yesterday. South Korea's third langest conglomerate said in its annual report that its 21
          AFP  -  79 words
        • 58 8 AFP TOKYO Japanese tyremaker Bridgestone Corp said yesterday its consolidated pre-tax earnings plunged 53 per cent from a year earlier to 37.3 billion yen (***** million) in the year to December 1993. The company also announced a management reshuffle, naming four new board members, including Takao
          AFP  -  58 words
        • 71 8 Bloomberg Business News TOKYO Toshiba Machine yesterday announced revised earnings estimates. The company said it now expects a current loss of 8.8 billion yen (SSI32 million) in the full year to March 31. The company reported a current profit of 365 million yen for the
          Bloomberg Business News  -  71 words
        • 88 8 Bloomberg Business News TOKYO Hazama-Gumi yesterday announced revised earnings estimates. The company said it now expects no consolidated net profit in the year to March 31. The company reported a consolidated net profit of 520 million yen (SS7.B million) for the period a year ago. The
          Bloomberg Business News  -  88 words
        • 71 8 Bloomberg Business News TOKYO Komatsu Ltd yesterday announced revised earnings estimates. The company said it now expects consolidated pre-tax profit to fall to 12 billion yen (SSIBO million) in the year to March 31. The company reported a consolidated pre-tax profit of 30.8 billion yen for
          Bloomberg Business News  -  71 words
        • 76 8 FT TOKYO Sony, the Japanese electronics company which owns Columbia Pictures, confirmed on Thursday there have been approaches by several parties interested in buying a stake in its US film studio. However, it stressed it has not yet made a decision about any
          FT  -  76 words
      • 349 8 Reuter FRANKFURT Shareholders bitterly attacked Metallgesellschaft AG's supervisory board on Thursday and questioned the whole German supervisory system at a meeting which approved a rescue deal for the stricken German firm. Angry small investors, who lost a fortune when MG almost
        Reuter  -  349 words
      • 303 8 Bloomberg Business News LONDON Royal Dutch/Shell Group said on Thursday it earned £776 million (S$ 1.8 billion) on a current cost of supplies basis in the fourth quarter ended Dec 31, down 18 per cent from a year earlier. The
        Bloomberg Business News  -  303 words
      • 45 8 Reuter KABUL Recent factional fighting in Kabnl destroyed the stock exchange building but not the perseverance of these traders. They were seen on Wednesday busy wheeling and dealing at a roadside "stock market" in the Karte Seh area of the Afghan capital. Reuter
        Reuter  -  45 words
      • 287 8 Reuter TAIPEI Taiwan's biggest life insurer, Cathay Life Insurance Co, stunned securities analysts and buoyed a gloomy stock market yesterday by reporting that profits soared 52 per cent last year. After-tax profits climbed to NTSB.O9 billion (Ss4B3 million) from NT55.33
        Reuter  -  287 words
      • 235 8 Reuter LONDON Honda Motor Europe said it will honour all its contracts with the Rover group but plans to renegotiate with BMW, the German luxury carmaker which is acquiring Rover from British Aerospace. "We will honour the legal basis of contracts that are
        Reuter  -  235 words
    • SHIPS IN PORT
      • 549 8 Vassal Voy No Barth Arrival Dapartura Vassal Voy No Barth Arrival Dapartwa Jurong Port Batam Speed ****** P01A 25 02/1900 25 02/2100 Batam Baru 8306 11 *x«sjde 2602/2000 Batam Speed4 *0394* P01A 25.02/1530 2502/1630 Gtradew 001 6/6 aioi*** 26.02/0100 Batam Speed4 10*94* P01A 26.02/0700 26 02/0900 Dw
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      • 1836 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Hp Containtn mtabte SNp ¥oy Wo Contimn witobte Nor Samanttta 9407 3 24.02 94 0825 Petopor 1121 COO(EST) 2502 94 1500 00a Award ***** 24 0294 1000 Oipasena Dua *****6 COO(EST) 25 02 94 2100 Soto 4202 24 0294 1005
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    • FINANCE & COMMODITIES
      • 425 9  -  Theresa Foo appointed CEO of local operations By Joyce Quek SINGAPORE For the second time this month, a Singaporean has been named to head the local operations of an international bank. Theresa Foo, 50, became the first Singaporean to be appointed chief executive
        425 words
      • 209 9 Reuter BOMBAY The Reserve Bank of India (RBI) will punish banks that fail to bring down high levels of bad debt, RBI deputy governor D R Mehta said on Thursday. "Banks which fail to reduce their (bad debt) levels will be
        Reuter  -  209 words
      • 384 9  -  From Neil Behrmann in LONDON WALL STREET is exporting its bond bear market. World markets are already encumbered by a glut of new issues, but in the past week, speculative investment trusts known as "hedge funds" have dumped bonds from North America
        384 words
      • SMALL CHANGE
        • 92 9 Knight-Ridder ZURICH The Union Bank of Switzerland, the country's largest bank, yesterday said net 1993 profit was 2.268 billion Swiss francs (552.5 billion), up 68.9 per cent from 1992. Cash flow rose by 41.2 per cent to 4.507 billion francs, ÜBS said, while total assets
          Knight-Ridder  -  92 words
        • 95 9 Reuter WELLINGTON New Zealand Countrywide Banking Corporation said its 1993 result was a strong vindication of its merger with United Bank. "It is a particularly good result in light of the fact that we were still involved in integrating the two banks together during the first
          Reuter  -  95 words
        • 113 9 Bloomberg Business News PRAGUE The Export-Import Bank of Japan linked up with the European Bank for Reconstruction Development to help finance an upgrade of Hungarian telecommunications. The Japanese bank will take over 85 million marks (5577.9 million) of a 185 million-mark loan the development bank
          Bloomberg Business News  -  113 words
        • 79 9 Reuter COPENHAGEN Den Danske Bank, Denmark's biggest bank, was cautious on 1994 prospects despite reporting a swing back into the black in 1993, with a 2.40 billion kroner (*****.6 million) net profit compared to its 1.74 billion kroner net loss in 1992. Chief executive Knud
          Reuter  -  79 words
        • 69 9 Bloomberg Business News PRAGUE Prague's general assembly chose Nomura International to lead its planned US$25O million (*****.5 million) Eurobond issue. Prague officials said Nomura will need at least six weeks to prepare the issue, which will be the first by a municipality in post-communist
          Bloomberg Business News  -  69 words
      • 207 9 Bloomberg Business News JAKARTA Bank Dagangan Nasional Indonesia (BDNI), the country's fourth largest private bank, posted a 31.3 per cent higher pre-tax profit last year at 75.3 billion rupiah ($56.5 million), according to financial newspaper Bisnis Indonesia. The results were in line with analysts'
        Bloomberg Business News  -  207 words
      • 316 9 Bloomberg Business News WASHINGTON Citicorp's revenue from derivatives doubled last year, reflecting the burgeoning demand for such securities. The US' largest bank holding company recorded revenue of US$BOO million (S$ 1.264 billion) from trading derivative securities and writing derivatives contracts, up from US$4OO
        Bloomberg Business News  -  316 words
      • 435 10 Reuter SINGAPORE China will revise domestic crude and refined product prices from May 1 to stabilise its oil sector, a senior Chinese oil company source said yesterday. "There have been too many new changes in the last year and there is some
        Reuter  -  435 words
      • 292 10 Reuter SINGAPORE China has not issued any official directives to suspend or stop crude oil imports but purchases have been reduced due to high domestic crude and oil product stocks, Chinese state oil sources said yesterday. "The spot import volume has been
        Reuter  -  292 words
      • 437 10 DBS Weekly Currency Review US$/DM: To climb higher? The US dollar recovered from last Friday's low of 1.7100 to reach a high of 1.7400 by Thursday night this week. It then fell to a low of 1.7140 the same night and was trading around 1.7170
        437 words
      • 43 10 Reuter ELLINGTON, England The last pit pony to work from British Coal's mines with pit blacksmith and farrier Keith Adams on Thursday at Ellington Colliery, Northumbria. The mine was closed because of bad underground geology earlier this month. Reuter
        Reuter  -  43 words
      • 330 10 Bernama KUALA LUMPUR The new international cocoa agreement, which covers the interest of 27 countries and the European Union, came into force on Feb 22, 1994, said the United Nations Conference on Trade and Development. In a faxed statement to Bernama from Geneva
        Bernama  -  330 words
      • 208 10 Bloomberg Business News PARIS Economists and analysts, as well as investors, expressed disapproval on Thursday at the tiny cut by the Bank of France in its key money market rate. Many said it was a sign the newly independent bank was
        Bloomberg Business News  -  208 words
      • 117 10 THE Asia currency market traded in tight ranges yesterday with most dealers preferring to be sidelined over the weekend. The US$ opened at 1.5860-70 against the Ss, trading a narrow 20-point range between 1.5850-70 for most of the day. The Malaysian ringgit market was similarly
        117 words
      • 185 10 Reuter LONDON The dollar, which traded in a 50-tick range against the mark by the European midsession yesterday, was fulfilling expectations of a quiet day ahead of the meeting of G7 finance ministers today, dealers said. "The market doesn't expect them (G7) to have much to say about exchange
        Reuter  -  185 words
      • 189 10 AP PALAWAN, Philippines Foreign oil exploration officials are eager to get an early contract from the Philippine government to develop a large natural gas field about three kilometers under the South China Sea. Michael Blaha, chief petroleum engineer of Shell Philippines Exploration,
        AP  -  189 words
      • 85 10 AFP NEW YORK The dollar consolidated slim gains against some major currencies in quiet trading early yesterday after slipping on Thursday and ahead of the G7 meeting in Frankfurt today. At around 9:30 am, the dollar traded at 1.71 S3 German marks against 1.7170 on Thursday. It was
        AFP  -  85 words
      • Article, Illustration
        1618 10 I rudf unvhwd imk\ ivbulatoJ attains Spimr\ li<p 14 traJinx pamk* Hav riw /«*.< US$/S$ forward rates Noon Feb 25 s$ Bid Oder 1-month 1.5846 1.5861 2-month 1.5843 1.5858 3-month 1.5842 I 5857 6-month 1.5835 1.5855 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 19m m Ft* 25: Singapore dollars
        1,618 words
    • COMMODITIES & FUTURES
      • 1353 11 SMEX Uli'orflj Reuter SINGAPORE Simex Euroyen plunged in the afternoon to end sharply lower yesterday as hopes of a near-term Japanese interest rate cut disappear, dealers said. Euroyen was steady in the morning but fell sharply, by more than 10 ticks, in the afternoon session.
        Reuter  -  1,353 words
      • 623 11 COMMODITY REPORTS Tin TIN closed six cents lower at MS 14.60 per kg on initial high offers after a brief trading session yesterday, traders said. "There is also no strong lead from the London market, one said, noting that prices should consolidate at current
        623 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 96 11 SEOUL South Korean feedbuyers purchased at least 225,000 tonnes of Chinese com through private negotiations over the past two months despite Ceroilfoods' stated ban on corn offers to the South Korean market, traders said. Known prices on the privately negotiated deals ranged from
          96 words
        • 119 11 SYDNEY The Australian Wheat Board has introduced a grower payment system balanced towards higher-protein wheat in a bid to lift crop quality and maintain markets. The system, to begin for the 1994-95 harvest, aims to reverse a decline in Australian wheat protein levels. AWB general
          119 words
        • 65 11 TOKYO Spot copper cathode for March delivery to South Korea from Chile last traded at a premium of US$6O a tonne to the London Metal Exchange price, up slightly from a month earlier, an official of South Korea's Goldstar Cable said yesterday. The premium edged up
          65 words
        • 59 11 TAIPEI Taiwan's industrial sector received export orders worth US$7.O9 billion in January, up 16.1 per cent from a year earlier but down 5.3 per cent from December, the Economics Ministry said yesterday. Orders from Hongkong totalled US$l.3l billion, down 2.3 per cent from
          59 words
      • 1410 11 Rubber asr* tmm,m 1 d— WI C—tract (S CMtt/lg Ooae Vohime Open Month High Low Sen (tonnes) Interest Mar 94 139 00 150 Apr 140.30 4,400 May 142.25 4,800 Jun 143.25 5,250 Jul/Sep 144.50 144.50 144.75 ISO 4.200 Oct/Dec 146.50 300 ESS 3 C—tract (US cents/kg) Volume Open
        1,410 words
    • REGIONAL STOCK MARKETS
      • 1201 12 -48.2 THE Australian stock market slumped to its lowest close in seven weeks yesterday, driven down by tumbling overseas markets and weaker futures and bonds, brokers said. Brokers said the local bourse is reacting to sharp falls on Wall Street and in European markets, which were sparked largely by
        1,201 words
      • 624 12 -4.13 Taiwan stocks closed mixed and well off early lows after a late rebound triggered by 1993 results reported by Cathay Life Insurance, brokers said. The index ended 4.13 points down at 5,666.58, off a low of 5,571. Turnover rose to a moderate NT551.37 billion from Thursday's NTJ46.39 billion.
        624 words
      • 375 12 -12.39 Worries about liquidity constraints and profit-taking on blue-chip shares pulled stocks down sharply, brokers said. The composite index closed 12.39 points lower at 919.76 yesterday. Despite the fall, shares of (Colon Industries rose 700 won to 34,300 on unconfirmed rumours that it was leading the race to win
        375 words
      • 273 12 -52.99 The share market tumbled through the day as the domino effect of weaker markets around the world reached Asian markets. The NZSE-40 capital index closed at 2,216.28 after falling 2.34 per cent, or 52.99 points. The small companies capital index lost 82.71 points to close at 5,102.61,
        273 words
      • 79 12 +104.63 Bombay stocks sained further in late evening kerb deals, after the shaip rise in the official trading session, as brokers remained upbeat about the national budget on Monday favouring industiy. Brokers said in late evening deals, Associated Cement Cos was at 3,850 rupees, up 40 from the day's
        79 words
      • 425 12 Taipei F«fc 25 n Vol Aaa Cement 57.00 -100 140* AJI Sincere lad 2.70 urn* 1046 China Chemical 1190 0.40 96* China Wire CaNe 52 00 -0.50 630 Cathay Conatt 5*00 J 50 70*1 China Develop 125.50 300 ***** Citizen Fund 9 70 uncti 3459 China Gen Plaflic 2100 -0
        425 words
    • WORLD STOCK MARKETS
      • 811 12 13.7 Equities ended the day firmer helped by a stronger performance from U.S. Treasuries, FTSE futures and gilts but the mood was still nervous about the potential short term trend in U.S. bonds. The FTSE 100 index closed up 13.7 points at 3,281.2 a fall of 101.4 on last
        811 words
      • 119 12 -9.37 French shares closed down but just under the key psychological 2,200 level on the CAC-40 index, giving hope to some operators the market was forming a base after recent falls. The CAC-40 index ended down 9.37, or 0.42 per cent, at 2,198.92, or down 2.38 per cent on
        119 words
      • 135 12 -o.spc The Stockholm bourse ended the week slightly lower on higher debt yields. The market found some support in Astra's 1993 results, but it was not enough to offset the debt market's influence. A late rise in debt yields sent shares tumbling just before the close and the OMX-index
        135 words
      • 190 12 -15.37 German shares managed to cut some of their losses during yesterday's floor trade, but players are still nervous that the bourse could be in for a mini-crash. The 30-share DAX closed 15.37 points lower on the day at 2,074.92 its lowest level since the end of November 1993.
        190 words
      • 188 12 +6.01 Belgian shares ended firmer after the market struggled to find direction in quiet trading. A 15 bp central bank rate cut in early trading reversed opening losses, but prices soon drifted lower again. A bout of Bel-20 basket buying took the index higher again at the close. The
        188 words
      • 150 12 +0.59pc Shares ended off highs but retained a positive tone, taking advantage of a technical rebound when the BCI index reached strong support levels, traders said. In addition, political concerns over elections, scheduled for March 27-28, went on the back burner. Early falls in prices tempted buying interest, which
        150 words
      • 290 12 -13.16 Swiss shares ended a volatile day lower. Dealers said next week was likely to begin in the same mood as this week had ended as widespread worry about the future direction of interest rates made investors wary. They said the weak dollar added to the tyInterest rate sensitive
        290 words
      • 275 12 -4 Gold shares shrugged off a lack of fundamental support on Friday to post brisk gains as the market bounced off Thursday lows, dealers said. The gold index was 73 points, or 4 per cent, better at 1,906, the industrial index was four points softer at 5,631 and the
        275 words
      • 275 12 +21.67 Stocks rose early as stronger precious metal and mining issues overcame losses in communications yesterday. US and Canada bonds mounted a recovery yesterday morning after Thursday's sharp losses weighed on all markets. The TSE 300 composite index climbed 21.67 points to 4,350.79 on volume of 11.16 million shares
        275 words
      • 741 12 -7.03 The Dow Jones industrial average, which plunged 51.78 points on Thursday, was down 7.03 points to 3,832.87 at 11 am EST yesterday. The key barometer was ahead 13.23 points shortly after the market opened. The New York Stock Exchange composite index was ahead 0.38 to 258.13, while
        741 words
      • 713 12 Amsterdam Feb 25 F1> +A ABN-Amro U 60 -1.6 Acton 91.70 -4 5 AhoU JO JO -.9 Ak» ***** -4. J AJrrnu 272.70 -1.6 A** 7100 -JJ Bob-Woun 42.00 -I J Bonny Wehry 143 90 -2.1 Buhman Tetters 29.20 DSM 10* 10 -1.4 Bvar 171.30 -JJ Foktar 2170 -J GtaBrocade>
        713 words
    • Article, Illustration
      2608 13 Reuter HONGKONG Shares closed sharply lower on fears of higher interest rates but strong profits by HK Gas helped the key index end above the 10,100 level, brokers said. The blue-chip Hang Seng Index finished down 331.77 points, or 3.18 per cent, to 10,100.25, off a morning low of
      Reuter; Source: Bridge Info  -  2,608 words
    • Article, Illustration
      475 13 PRICES dropped across the board with the Shanghai CLSA B Index pushed down 28.1S points by selling from overseas investors. Rubber Belt tumbled 10.7 per cent to close at US$O.25 on slim turnover. Other majors losers were Erfangji, Phoenix Bicycle, Pilkington, Sewing Machine and Shangling which dipped 5-6 per
      475 words
    • Article, Illustration
      2465 13 Reuter TOKYO Stocks ended steady yesterday, recouping losses, with sentiment up on active foreign buying, brokers said. Overnight falls overseas and a higher yen triggered profit-taking earlier but investors were reluctant to sell, thinking Tokyo shares were underperforming compared to others. "Hopes are growing that bearish markets abroad may
      Reuter; Source: Bridge Info  -  2,465 words
    • Article, Illustration
      1124 13 Reuter JAKARTA Share prices closed mixed in weak late trading with several listed firms soon expected to release financial reports below market expectations, brokers said. The official index dropped 5.01 points to close at 547.51. "It's a lacklustre market. Investors do not expect the coming release of several firms'
      Reuter; Source: Bridge Info  -  1,124 words
    • 2761 14 MOST ACTIVE volume DMIB Bhd 50c 10 I .W OOO \MDB 50c I.W.OOO Bcrjava Ciroup >>.314 001) Kamunting 50c 8.712.000 Cromol 8.66*000 Salens Res 7.6IW.OOO Mm Hsd 50c 6.614.000 ons rani 50c 6.421.000 Fabcr (iroup 6.074.000 Jolun Hkigs 50c 6.066.000 B Rasa TSR17 5.-J07.000 Rcnong Bhd 50c 5.842.000
      2,761 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5638 14 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index fell nearly 2 per cent in response to declines in overseas markets and Malaysia's decision to curb trade with Britain. analysts said. The Kuala Lumpur Stock Exchange's Composite Index fell as low as
        Bloomberg Business News; Source: Bridge Info  -  5,638 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7244 15 MAIN BOARD Transaction date: Feb 25 Or Gr IMS Last Vol Das Di» W« \M Nrt M C u I licit Lo« Coapaa> Safe COM) High Low B»« Vlfer Or f t Mnil INDUSTRIAL AND COMMERCIAL 1440 >60 i Acma 1120 -10 46 1120 1100 1110 1120 12.} 2.1 I.I
        7,244 words
      • 1844 16  -  R Sivanithy SINGAPORE Share prices ended the week lower in cautious trading, as sidelined investors preferred to await further developments in the US bond and equities markets. The Straits Times Industrials Index headed south from the start of trading, following news that
        Charts by Bridge Info; Source: Bloomberg  -  1,844 words
    • ISEAS Trends
      • 1109 17  -  The American public looks inwards, notes Khong Yuen Foong Khong Yuen Foong Dr Khong Yuen Foong, an Associate Professor of Government at Harvard University, is currently a Research Fellow at ISEAS. AMERICA'S strong presence in Asia security treaties with Japan and Thailand, troops in South Korea,
        1,109 words
      • 1016 17  -  Recent indecisiveness in foreign policy makes America look extraordinarily bad, says Stephen L Ryan Stephen L Ryan Stephen L Ryan is an American defence and security analyst. IN the wake of the Clinton Administration's previous vacillation in Bosnia, embarrassment in Haiti and ignominous retreat in
        1,016 words
      • 1193 17  -  D Banerjee looks at factors now setting the pace of relations between Beijing and New Delhi D Banerjee Major-General D Banerjee. a serving Indian army officer, is the Deputy Director of the Institute for Defence Studies and Analyses. New Delhi. SINO-INDIAN relations
        1,193 words
      • 1152 18  -  Prudence, humility and tolerance should form the basis of a civic culture for the new Asia, argues Kwok Kian Woon Kwok Kian Woon Dr Kwok Kian Woon is a Lecturer in the Department of Sociology at the National University of Singapore. THE obsolescence of grand
        1,152 words
      • 1146 18  -  Mamoon Mansoor notes that many Europeans have still not woken up to the prospect of East Asia supplanting Europe in economic strength Mamoon Mansoor Mamoon Mansoor. Deputy Press Secretary to the Prime Minister of Bangladesh, is currently with /SEAS under a Research
        1,146 words
      • 1130 18  -  The post-Cold War world will not merely face a clash of civilisations, says Wilfrido V Villacorta Wilfrido V Villacorta Dr VVilfrido Villacorta. one of the authors of the Philippine Constitution, is Professor of International Relations at De La Salle L niversity in Manila, and
        1,130 words
      • 1091 19  -  Michael Dewar looks beyond shrinking budgets in examining the less than rosy picture for military establishments worldwide Michael Dewar Colonel Michael Denar is the Deputy Director of the International Institute for Strategic Studies. London. PRINCES undoubtedly are thinking less of arms in the post-Cold
        1,091 words
      • 960 19  -  Tokyo's increasingly activist role on the international stage would only gain regional acceptance within a multilateral framework, suggests Yoshihide Soeya Yoshihide Soeya Dr Yoshihide Soeya is Associate Professor of Political Science at the Faculty of Law, Keio University, Tokyo, and is currently on leave at
        960 words
      • 1018 19  -  Despite Russia's problems, it may yet be a player in S-E Asia, says Pushpa Thambipillai Pushpa Thambipillai Dr Pushpa Thambipillai is a Lecturer in the Department of Public Policy and Administration, University of Brunei. AS the nations of South-east Asia concentrate on domestic economic priorities and on
        1,018 words
      • 8 19 tots S s*l y r*., 1 x&
        8 words
      • 192 19 NINETEEN ninety-three was a banner year for South-east Asia, with vibrancy and optimism being palpable throughout the region. The region, which was still in a state of flux just a few years earlier, built upon the positive developments set in motion by the end of the Cold War
        192 words
      • 1110 20  -  Sunn Maisrikrod looks at how relations between Thailand and Vietnam have been transformed in recent years Surin Maisrikrod Dr Surin Maisrikrod is a Fellow of ISEAS. With political settlement in Cambodia, Thailand and Vietnam seem to have put aside their centuriesold political animosity and have instead
        1,110 words
      • 998 20  -  Pang Eng Fong analyses an increasingly controversial issue in the Asia-Pacific Pang Eng Fong Dr Pang Eng Fong is an Associate Professor in the Department of Business Policy at the National University of Singapore, and is a Visiting Senior Associate Fellow at
        998 words
      • 1160 20  -  Vejai Balasubramaniam examines the intricacies of the new language debate in Malaysia Vejai Balasubramaniam Vejai Balasubramanian is with Universiti Kebangsaan Malaysia, where he is a doctoral candidate working on the political economy of nation-building. Language has always tended to be a touchy subject in multi-ethnic Malaysia.
        1,160 words
  • Page 6 Advertisements
    • 349 6 NEWS VALUE How today's news might affect your stocks M'sian govt slaps ban on now contracts with UK firms (Pg I) Malaysian stocks overreacted, giving up 22.30 points on KLCI to 1,124.11 yesterday. Even if UK retaliates, impact on stock market likely to be minimal as very few Malaysian listed
      349 words

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    • 96 18 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 governed by
      96 words



  • Executive Lifestyle
    • 1624 21  -  Intense competition is eating steadily into the bottom line of many restaurants in Singapore, reports Jaime Ee Jaime Ee WHEN S L CHAN (not his real name) began his new job as food and beverage manager in a major hotel sometime last year, one
      1,624 words
    • STRAWS IN THE WIND
      • 52 21 A SINGAPORE visitor to Australia was more than tickled when she heard a deejay over the radio talking about a conference on venereal disease that was being held there. Apparently he had passed by the convention centre when he saw this sign: "Conference On Venereal Disease. OfTicial carrier
        52 words
      • 27 21 ALSO SPOTTED by this tourist was a sign over a small hotel in a country town: "Honeymooners and Fishermen Welcome Amateur and Professional Enquiries Within."
        27 words
      • 102 21 WANT to know how to wreck a man's life? Here's how: "If you want a man to have no peace for three weeks, ask him to move house. If you want him to have no peace for three months, ask him to rebuild his home. If you
        102 words
    • OPINIONS
      • 820 22  -  James Lilley says the former Bush Administration's low-key approach to human rights in China was more effective James Lilley The writer was assistant secretary for defence for international security under the former Bush Administration IHT IT IS FOLLY for the Clinton Administration to link
        IHT  -  820 words
      • 544 22  -  Neville Stack loss of traditional family values in the UK Neville Stack The writer is a political commentator based in London. He writes regularly for BT THE PICTURE of fond parents sitting contentedly by the fire while their 2.4 children play happily on the
        544 words
      • 609 22  -  LETTERS TO THE EDITOR Kwek L H IN RESPONSE to calls to allow competition in the running of bus services. Communications Minister Mah Bow Tan said the government is unlikely to go for deregulation. But does competition mean we have to go down the
        609 words
      • 191 22  -  Dennis Distant I REFER to the US-Japan trade dispute and the current spotlight on Motorola Corp's efforts to expand its share of the Japanese cellular telephone market. Motorola has had operations in Singapore for a long time and a wide range of its
        191 words
    • VIEWPOINT
      • 3050 23  -  THE RAFFLES CONVERSATION In a country where politics is overwhelmingly local, Stephen Solarz is one of those rare American politicians to have made a career of foreign policy. He talks to Vikram Khanna about where US policy towards Asia is headed and about his own involvement
        Photo by Chris Loh  -  3,050 words
      • 361 23 NURTURE more than nature seems to have shaped Stephen Soiarz's involvement in Asian affairs. "I got interested in Asia largely through fortuitous circumstances," he explains. "Soon after I was elected to Congress in 1974, got onto the Foreign Affairs committee, and then on to the subcommittee on
        361 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 72 24 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities. Daiwa Securities Singapore, DBS Asset Management, Kay Hian James Capel, Kim Eng Securities, Morgan Grenfell Asia Securities, Nomura Research Institute, OCBC Investment Research, Ong
          72 words
        • 256 24 Nomura Research Institute (Feb 25) MBf Capital. Malaysia's cheapest finance play, selling at a steep discount to other finance and banking shares. At current prices, is only trading at lOx FY93 earnings and 12.9 x FY94. D&C Bank. Performance continues to dazzle with impressive final results group net earnings
          256 words
        • 82 24 OCBC Investment Research (Feb 23) PCI. Interim FY94 results were unsatisfactory. New projects being developed are not expected to contribute to earnings in FY94 or FY9S. The plan to develop a factory in Jiangsu, China, has been put on hold due to the rising cost of building materials.
          82 words
        • 183 24 Vickers Balias Hong Kong 5/1/94-24/2/94 changes Shanghai "B" Share Index 102.90 82.70 -19.54% Shenzhen "B" Share Index 142.70 125.30 -12.20% The Chinese B share markets in Shanghai and Shenzhen drifted to lower levels as foreign investors unloaded their portfolios. Most investors are currently sidelined, awaiting
          183 words
        • 284 24  -  Gary Coull Managing director Credit Lyonnais Securities (Asia) Ltd 4 4 T am still very bullish I on Asian equities .A. over the medium term of three to five years. 1993 was a pivotal year. It was the year in which American investors 'discovered' Asian equities, and
          284 words
      • 805 24  -  Two international brokerages see the index hitting 2,800 this year, reports Joyce Quek Joyce Quek TWO INTERNATIONAL brokerages indicate the Singapore market is likely to appreciate further, with the Straits Times Industrials Index reaching 2,800. Standard Chartered Securities in a Feb 17 report says
        805 words
      • 746 24  -  Quah Soon Tong and Andrea Leong are quite optimistic Quah Soon Tong,Andrea Leong Quah Soon Tong is head of research at OCBC Investment Research while Andrea Leong is an analyst Manufacturing and finance business services are likely to be the key engines of growth in 1994
        746 words
      • 790 24  -  Agnes Chen on why you should be selling into the news Agnes Chen Expecting bumper corporate profits, investors may rush into the market hoping to buy into a windfall but they could do better selling into it. Banks, analysts say, will post superb
        790 words
      • 538 24 HOW does the Budget affect you? This year, its impact literally stretches from womb to tomb, that is, from procreabonal activities to death claims from insurance companies. Between the two, work at home and abroad, savings, investments and retirement are also covered. Singled out for special
        538 words
      • 904 25  -  Tan Kok Hui and Gerald Yip argue why they are opportunities for value investing Tan Kok Hui,Gerald Yip The writers are lecturers at the Nanyang Technological University's School of Accountancy and Business UNDER current market conditions, the investor in the Singapore stock market would be
        904 words
      • 637 25  -  Shiv Taneja on a fund that's focusing on mid-sized firms Shiv Taneja HIGH net worth, sophisticated Singaporean investors now have a chance to invest in a mutual fund that buys American shares at a discount of up to 25 per cent to their
        637 words
      • 769 25 Deposit imount l-wk I-mth 3-mth 6-mth Depowt amount l-wk 1-mth 3-mth 6-mth Amex Bank MKMHHHHHHi nz$ 10,000 49,999.99 2.0000 J.5625 3.5625 3.5625 CS 50,000 A Above 2.0000 3.6250 3.6250 3.6«75 SS5.000 SSS20.000 1.9375 2.0000 2.1875 ***** Above US$150,000 2.6875 2.7500 2.9375 3.1875 10,000 49,999.99 3.0000 4.5000 4J750 4.3750 ECU 50,000
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      • 1041 25 Wags at Credit Lyonnais Securities' Hongkong Research have compiled, for the third year running, their Feng Shui outlook for stock investing in the Year of the Dog Feb 4-Mar 5 Month of the Tiger The Tiger and the Dog do not normally get along,
        1,041 words
    • 705 26  -  Cinema Review By SUSAN TSANG SICK of the usual bland, formulaic fare? Try dining out with The Cook, The Thief, His Wife And Her Lover. Certainly, no one would accuse this 1989 Peter Greenaway offering of being conventional or bland. Instead, it is a gut-wrenching mixture
      705 words
    • 961 26  -  Harish Mehta, in Vietnam during the new year Tet celebrations, was struck by the mood of prosperity and the will to spend Harish Mehta, NOTHING has ever stopped the Tet show. Not even two major wars against the French and the Americans when Tet was celebrated with
      961 words
    • Article, Illustration
      602 27  -  Cinema Review By SUSAN TSANG TAKE a girl who is furious with her parents for neglecting her all her life, and transport her from India to wintry Yorkshire. Take a sickly boy who has languished in bed all his life, deliberately ignored by a father who doesn't want
      602 words
    • 550 27  -  CD Review By SHAHIRON SAHARI MORPHINE: Cure For Pain The debut album by these "idiosyncratic Bostonians" (as Music Week magazine described them) was simply titled Good. Playing a brand of music that is difficult to categorise so much so that alternative rockers and jazz aficionados
      550 words
    • SPORTS
      • 608 28 XVII Winter Olympic Games AFP EIAMMER Italy's stole the scene at the nmer Olympics on y as the Squadra Azitinued to enjoy their r Winter Games. >rah Compagnoni, career was almost by a crash in the 1992 giant slam, erased iful memory when she >
        AFP  -  608 words
      • 523 28  -  The clash between Nancy Kerrigan and Tanya Harding has a parallel in the unfinished 'oOs, says Robert Lipsyte Robert Lipsyte NYT NEW YORK That unfinished decade, the *****, began 30 years ago on Friday when Cassius Marcellus Clay Jr inconclusively beat
        NYT  -  523 words
      • 378 28 Golf AP JEREZ DE LA FRONTERA. Spain Jack Nicklaus, playing on a course he designed, shot a three-under-par 69 on Thursday to trail American Jay Townsend and four other co-leaders by two strokes after the first round of the U*****,000 (*****,000)
        AP  -  378 words
      • SPORT SHORTS
        • Article, Illustration
          94 28 Reuter Reuter ATLANTA The Atlanta Hawks dealt Dominique Wilkins to the Los Angeles Clippers for Danny Manning on Thursday in a blockbuster trade of NBA All-Star forwards. The Clippers also will receive a conditional 1994 or 199S draft pick. Reuter HOUSTON Hakeem Oiajuwon had 29 points and 20 rebounds
          Reuter  -  94 words
        • Article, Illustration
          155 28 Reuter AP KINGSTON, Jamaica England lost to the West Indies by eight wickets after 3.2 overs on the final day of the first cricket Test on Thursday. "I thought we got into a couple of good positions in the game but we showed no killer instinct and didn't play
          Reuter; AP; Photos by Chris Loh  -  155 words
        • Article, Illustration
          244 28 AFP Reuter Reuter LA JOLLA, California US$l.l nuOfoa (SSI.7 nilHoa) Buick laritatfoaal of CiHhnk leading first mad scores oa IWsday (US lev stated): 65 Doug Martin, David Toms, Ronnie Black 66 Lennie Clements, Ed Dougherty, Scott Veipiank, Roger Gunn 67 Mike Smith, Ted Tryba, Vijay Singh (FiRust Cochran, Paul
          AFP; Reuter  -  244 words
        • Article, Illustration
          157 28 AFP AFP ROTTERDAM John McEnroe said on Wednesday he may ask for a wild card for thisyear's Wimbledon tournament. The 35-year-old three time Wimbledon winner came out of retirement to play in this week's Rotterdam ATP tournament. "I only want to play for the pleasure now, but when I
          AFP  -  157 words
    • PEOPLE
      • 228 28 SOME of Hongkong Telecom's top executives were in town last month to witness the official opening of their Singapore representative office. HK Telecom's deputy chief executive officer Peter HowellDavies, its director (regional market) Stephen Ho and local office manager Joseph Ma celebrated the occasion at the
        228 words
    • TIME OFF
      • 673 29  -  Mr Tambourine Man still manages to mesmerise Nirmal Ghosh even after 30 years Nirmal Ghosh SOME came with their ties on, in working clothes, some even with little children. Yes, the baby-boom-ers, mortgage-holders, establishment reactionaries, came and yelled and clapped, especially when Bob
        673 words
      • Article, Illustration
        202 29 Les Miserables Produced by Cameron Mackintosh, the world's most popular musical lands on our shores Victor Hugo's masterpiece about a man's long struggle against persecution and spiritual redemption is set against a student uprising in Paris. Till Apr 17. 7.30 pm, nightly except Mondays. Weekend matinee shows at 1.30
        202 words
      • 226 29 The United World College will be holding its annual festival with dance, drama and good ol' rock and roll concerts. Also in store are exhibitions that feature the works of the students in paints and photography. Till Mar 22. at the United World College
        226 words
      • 348 29 SSO's Pre-Tour Concert This will be the final concert before Choo Hoey and the SSO leave our shores for their third European tour. On the programme are Dvorak's Carnival Overture and Brahms' Symphony No 4. Concertmaster Alexandre Souptel makes his debut as soloist in Sofia Gubaidulina's OJfertorium. Today. 8.15
        348 words
      • 308 29 A week of films from Israel featuring some critically acclaimed movies. Tickets for the following movies are at $4 for Film Society members and S6 for non-members and are available from the Raffles Hotel, the Singapore Film Society Screening, Embassy of Israel and at the door. AH
        308 words
      • 137 29 The Great American Adventure Experience the wonders of the US through three filmlets. Showtimes: 11 am: Hidden Hawaii: 12 pm: Niagara Miracles. Myths and Magic: I pm: Grand Canyon The Hidden Secrets: 2 pm: Hidden Hawaii: 4 pm: Niagara: 5 pm: Grand Canyon; 7 pm: Hidden Hawaii and 8
        137 words
      • 46 29 Mental Health Exhibition Organised by the Singapore Association for Mental Health, this exhibition features displays on mental health and the family, dealing with work, tips on good mental health and services available. Till tomorrow. 10 am to 9 pm at the Scotts Atrium.
        46 words
      • 1124 29 Asian Aerospace '94 About nine hundred firms will take part in one of the biggest aerospace exhibitions this side olthe globe, featuring the latest and greatest in avionics. The show will have static displays as well as an aerobatic display by the Singapore Air Force's aerobatics team.
        1,124 words
      • 146 29 Bharathanatyam Dane® As the title depicts, this dance programme will be performed by the one and only Maithili Kasar. Today. 7.30 pm at the Guinness Theatre. Tickets at $10 available from the Singapore Indian Fine Arts Society. i About This is an exhibition by two friends, Swati
        146 words
      • 54 29 Second Amm Yortk Syiplniftc Band Workshop The National Arts Council is invi jtg Sung Singaporean musicians years old to audition for the workshop to be held in Thailand from Jtifte 3 to 13. L Today and tomorrow. For application details, call Dorcas or Clarajmt 270-0722. Closing date for appfmlions
        54 words
      • 106 29  -  Compiled by Christopher Toh Sistic outlets are at Forum (36/leria. Liang Court, Raffles Cm, 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. If
        106 words
    • EPICURE
      • 944 30  -  Bon Appetit By JAIME EE FOOD writer and consultant Violet Oon made her first foray into the food business with a takeaway and eat-in deli counter in Takashimaya serving a hodgepodge of food items like shepherd's pie, curry puffs, roast beef sandwiches and Nonya sweet potato dumplings.
        944 words
      • 659 30  -  By JAIME EE EATING at the new Concourse building isn't an elaborate affair This spanking new office and shopping building in Beach Road, while imposing on the outside, is suiprisingly clinical on the inside, with a banal assortment of shops completely outshone by the new Oriental supermarket. In
        659 words
      • 807 30  -  Wine By N K YONG MY GOOD friend was desolate. He had been planning to open some of his finest bottles on his birthday only to discover that just four out of eight bosom pals in his dining club were in town. This was enough company for
        807 words
    • Article, Illustration
      1080 32 Beethoven's Second. The St Bernard finds a mate. With four adorable little bernies, Charles Grodin is miserable. Lido: 11.15; 1.45; 4.15; 7. Jurong: 11.30; 5.30. Changi: 11.15; 1.45; 4.15; 7.15; 9.30. Republic: 3; 7. Yishun: 11; 3.15; 7.30. Bishan: 12.50; 2.50; 9.10 CnrtHo's Way. A mobster comes out of
      1,080 words
  • Page 21 Advertisements
    • 204 21 The mmm/ way of turning shares into <§> MowLaowawiowi.ai Mini ■Mwomwyycauaiw *****33 BUSINESS TIMES/SUNVIC PRODUCTIONS JOINT PROMOTION We're giving away 28 pairs of $100 concert tickets. March 8, 1994 8 pm Harbour Pavilion, World Trade Centre. Join our simple contest and win! Shirley Bassey, one of the most talented and
      204 words

  • Page 22 Advertisements
    • 538 22 BUSI NE S S TIM E S TOLL-FREE TEL. No. 1-BQO-741-1883 FAX: 741-1298 Citibank, NA. Robinson Road P.O. Box 330 Singapore 9006 > 26 February 1994 Dear dff/iCAH'/k CITIBAN(Q> i Today, Citibank is Asia's largest regional bank and a leader in providing financial services across the region: from Japan and
      538 words
    • 7 22 Doonesbury and Bristow are on Page 3
      7 words
    • 72 22 v BT welcomes r J Utters from >ou. S X Please address tliem r < to: The F.ditor, l S Business Times, r 390 Kim Seng Rd, J j S pore 0923. Letters C r should include your J contact numbers. S Sunday Night is Blues "Beyond" Night at Jeremy's...
      72 words



  • Page 25 Advertisements
    • 125 25 but true. All there is to know Japan its economy politics and many more -at your fingertips JAPAN: AN ILLUSTRATED ENCYCLOPEDIA contains over 4 jOOO colour photos and illustrations. More than 2 million words in 12,000 entries. Nearly 100 feature articles and eye-catching pictorial essays. All these plus 24 pages
      125 words


  • Page 27 Advertisements
    • 78 27 4TO -1 I' > J X V TT*< t m yZk fe m. S> £mSZ~? -V-" frs I j .-4 r -*i j j IB I: A",: YELLOW PAGES. YOUR BUSINESS BUILDER TO BOOK YOUR AD WALK-IN TODAY, OR CALL 1800 296 1633. I IfflM LAST DAY FOR BOOKING: 1
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  • Page 28 Advertisements
    • 82 28 El Primero automatic chronograph movement. ft J W WaterrKistanHo^UXhn^orsom. ZENITH V \L Abow* BrymdlVUdl MaWw Square *02-101 E«po Gateway Tel: *****42. CMkia MMch Cantc n> Ltt «Tl-3* lUffle* Cite Shoooin. Cn.tr. T.I VM»iM W1 "L-ckrn. M Tel ***** M Drh«E^W^A^ w dl^lVUd»ol.lB/20Cen»r» P oin»Tel:m2s3* B-B^Jw^^CtiTriJuiVnrT; Tel *****16 """< H"? W«*h
      82 words


  • Page 30 Advertisements
    • 25 30 o o o o O 0 0 LEAD BY EXAMPLE For some of the best examples of good management Enterprise Management. Every Monday. rri BusmessTimes
      25 words
    • 51 30 HWHI Olde English E&tlng House 277 CMiwd M «OMB SpeeUflsts Centre 5(0923) Spedallzcd In rteaki, farmhouse fare, devonshire cream tea. (Good restaurant glide award winner) DEVONSHIRE CREAM TEA (Served from 3pm 6pm) Oven hot scones with butter, sandwiches, cake and pastry with a pot of tea or coffee $8.50+ iffJfrm
      51 words
    • 65 30 NOW 'U\ ir VI iin m:\\ n xkiiioi ir r mL (S k h W f I lie V V<. V \|{K \C \l> \IIK 1 Mhiulmiml -k flMi I'i i lui ini■■ iiiiMilh \< 111 M<mkl.h»i d I"" I"' 1 5-C ■■m I I i..i ih ink |ini WJ!/1
      65 words

  • Page 31 Advertisements
    • 897 31 giM Nothing Bcnttt A "H ««w TO WINE, DINE AND ENTERTAIN or 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
      897 words
    • 339 31 V—g Dwrfi Mn 1 ammo*, Otdtakox (toy Satwiday «a 4 Swdty. lUlpatofpa tliM per pmoi 0190++ per cfciM (Mow 10 jrim) Mezaanoie SnytaHi CoatianUl Local Aftcnooa "SST Tn ■piooi at Meuaaiae Loaage Dally. IfßlOipß HIM per peraoa lIUIm par child (Mow 10 jrn) 131 Orchard Eosd. SlwamnreOO?! Tal: *****11 Saturday
      339 words

  • Page 32 Miscellaneous
    • 2471 32 TODAY'S TV explo- 11.00 Superboy. were plant- 11.30 Sesame Street by 12 00 MM News. WMtelHw.2im.SßCs Rml LH« Of China. 7.30pm, 6.00 M™. mgc. 1215 TV PcndkMui, (M). Knsty McNichol runs over a s'Xq Kelab Remaja Angkasabeautiful white Alsatian and China's "fifth generation" di- t'ia Berita 12 (M) puri (M)
      2,471 words