The Business Times, 2 April 1994
1994-04-02
1
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The Business Times
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Title Section14 1994-04-02 1 Business Times MITA(P) 010/12/93 Weekend Edition, April 2-3 1994 WE KNOW ASIA 75 c14 words
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691 1994-04-02 1 Alvin Tay - By Alvin Tay SINGAPORE Total net earnings of Singapore's pub-liely-listed companies grew by 38.1 per cent to 53.99 billion last year, reflecting the buoyant economy and the bullish stock market. Three-quarters of the 127 companies included in Business Times' annual691 words
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Article, Illustration433 1994-04-02 1 Leslie Lopez - From Leslie Lopez in KUALA LUMPUR IN A RARE display of public accountability, Malaysia's central bank governor Jaffar Hussein resigned yesterday after accepting full responsibility for the bank's staggering M 55.7 billion (553.3 billion) loss in foreign exchange-relat-ed transactions in 1993. DeputyReuter - 433 words
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225 1994-04-02 1 KUALA LUMPUR Malaysia's stock and money markets took news of Bank Negara's M 55.7 billion (553.3 billion) foreign exchange losses calmly yesterday. Share prices and the ringgit managed to firm up marginally because the losses had been expected. dealers said. The stock market,225 words
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Article, Illustration311 1994-04-02 1 SINGAPORE Singapore's first day with the Goods and Services Tax (GST) proceeded without any major hiccups. Speaking at a press briefing at the Woodlands Customs checkpoint yesterday. Finance Minister Richard Hu said the GST has been smoothly implemented. Dr Hu added that311 words
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406 1994-04-02 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Two out of three Australian investments in South-east Asia the bulk of which are in Singapore have become profitable within four years, says a government study. And Australian businesses which invested in the region performed better from406 words
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2am LATEST
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52 1994-04-02 1 Bloomberg Business News NEW YORK US bonds plunged and yields climbed to their highest level in 15 months yesterday after government reports showed the economy is robust, sparking concern about inflation. The Labour Department reported that the economy added 456,000 jobs in March, almostBloomberg Business News - 52 words
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Article69 1994-04-02 1 Bloomberg Business News TOKYO Japan's response to the highly critical trade report released by the Ginton Administration on Thursday was a resounding "So what?" "I haven't read the report yet," Finance Minister Hirohisa Fujii told a regular news conference yesterday morning. He added thatBloomberg Business News - 69 words
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59 1994-04-02 1 Bloomberg Business News NEW YORK The Federal Reserve bought Canadian dollars for US dollars yesterday in an effort to curb the Canadian currency's slide, traders said. The Canadian dollar fell to a seven-year low of 71.97 US cents yesterday, amid persistent concern aboutBloomberg Business News - 59 words
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Article160 1994-04-02 1 Stock market indices Frid*> Change STII closcd KLSE C'omp .959.94 +7.22 Nikkei 19.277.16 +165.24 Hang Seng closcd SET Index 1.232 53 -7.46 Jakarta Comp closed C'LSA China B closed Aust All Ord closcd FTSE 100 closed Ihursda) Previous close close IX>w Jones 3.635.96 3.626.75 Average of prime or160 words
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Page 1 Advertisements
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Advertisement11 1994-04-02 1 Celebrity collections: el i Do stars have more Monet than sense?11 words
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Advertisement31 1994-04-02 1 Hock Lock Siew: pg 6 Shangri-La's dividing line BT will publish a special pull-out on Singapore's 1993 corporate results together with its April 5 issue. Make sure you get your copy!31 words
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Advertisement259 1994-04-02 1 'Stock picks: el 2 Plugging into tdphnology What's brewing I at Bakrie? J jjj Earlier report, Pg 5 COMTOITi I tkm TV Rate £L 8 Regional News 2.3 CaapaaiM World .4.5 S pweflalayM 6.7 Faataras Corporate prof* 113 Ctob W.SE. SES _10 eviews El* Regional 10 l* l off ILS259 words
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THE REGION
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NEWS ROUNDUP
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95 1994-04-02 2 APPLIED Magnetics Singapore (AMS) has announced plans to make Singapore its main sales and customer support centre for South-east Asia. The move will mean AMS will transfer its manufacturing and production operations to Applied Magnetics Malaysia, located in Penang, and strengthen its sales,95 words
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Article93 1994-04-02 2 THE Chinese coastal province of Shandong and the German stale of Bavaria agreed on Thursday to form a tripartite working group to advance economic cooperation. The move is in line with Singapore's push for increased economic ties with Shandong. It also extends cooperation by the Singapore-Shandong Business Council,93 words
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Article77 1994-04-02 2 YAMAHA Corp said it will stop producing tennis rackets at its Singapore plant by August and will shift production to an existing Malaysian plant. The Japanese musical instrument maker will invest 80 million yen (SSI.2 million) in Malaysia's WEL Industries Sdn Bhd for new technology and77 words
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Article44 1994-04-02 2 YESTERDAY we carried a report headlined "Wah lau a. use Singlish also kena fine ah?" in which we said the government might consider curbs on the use of Singlish. Readers who saw red on reading this report should note yesterday's date.44 words
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Article, Illustration445 1994-04-02 2 Loh Hui Yin - From Loh Hui Yin in BANGKOK CHUAN LEEKPAI's ruling coalition suffered a second parliamentary defeat yesterday but the Thai Prime Minister has said he is determined to stay in power. "I want to assure the public there will be no dissolutionReuter - 445 words
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164 1994-04-02 2 AFP HANOI Vietnam lias announced tax incentives as pan of its campaign to encourage overseas Vietnamese to return and set up businesses here, a report said yesterday. Profit taxes for businesses owned by overseas Vietnamese. known as Viet Kieu. will be cut by 20 perAFP - 164 words
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448 1994-04-02 2 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR AS MALAYSIA looks on course for another year of heady growth, economists said yesterday interest rates will eventually have to go up again because of rising inflation and a worsening current account deficit. Bank Negara.448 words
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310 1994-04-02 2 Maggie Ford - From Maggie Ford in JAKARTA THE US Embassy has told businessmen seeking contact with Indonesia that structural changes in the country had produced a market that American exporters could not ignore. In a report circulated earlier this month to US businessmen.310 words
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211 1994-04-02 2 Reuter JAKARTA Indonesian Investment Minister Sanyoto Sastrowardo>o said the country's investment climate has not been a (Tec ted by a scandal at state-run PT Bank Pembangunan Indonesia (Bapindo) over a multi-million dollar letter of credit. "I do not see any sign that itReuter - 211 words
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1030 1994-04-02 3 Anthony Rowley - From Anthony Rowley in TOKYO THE COST of providing physical infrastructures in Asia will reach around USSI3O billion (SS2O4 billion) a year by the year 2000 and consumers of infrastructure services electric power in particular may well have to foot1,030 words
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Article, Illustration170 1994-04-02 3 Reuter BEIJING Cambodian King Norodom Sihanouk, left bald by chemotherapy, appeared in public on Thursday for the first time since starting cancer treatment in Beijing nearly seven months ago. His reappearance confirmed aides' reports that King Sihanouk. 71. had recovered his mobility but lostReuter - 170 words
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269 1994-04-02 3 LONDON China could be on the brink of a sharp economic slowdown, predicts British metals consultancy Brook Hunt Associates. Following a visit to China, chairman Simon Hunt and his colleagues compiled their findings in a lengthy study entitled "China in the next decade:269 words
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246 1994-04-02 3 AFP BEIJING China's new fiscal reforms are experiencing serious teething problems, with the authorities forced to launch a nationwide crackdown on people forging invoices to evade or cheat on taxes, the China Daily said yesterday. Since the launch on Jan I of theAFP - 246 words
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Page 2 Advertisements
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Advertisement972 1994-04-02 2 I To The Shareholders and Depositors of I I Keppel Finance Limited and I I Asia Building Society, Limited I I The Directors of Asia Building Society, Limited ("ABS") and Keppel Finance Limited (KFL") jointly announce a I I proposal to merge the activities of ABS with those of KFL972 words
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Page 2 Miscellaneous
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Miscellaneous501 1994-04-02 2 WEATHER Singapore: Showers over several areas in the late afternoon and early evening. (Temperature range: 24-32) Mft-PacMc Mi/I*' Cm 4. Imnpt NVU* Cm* Buenos Aires 24 14 Cloudy Auckland 19/12 Cloudy Amsterdam 1106 Cloudy O-acagj 09 03 Cloudy Bargkc* 35 23 Cloudy Atneos 19 11 Cloudy Honolulu 26 20 Cloudy501 words
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Page 3 Advertisements
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Advertisement963 1994-04-02 3 mHWA HONG CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Hwa Hong Corporation Limited wishes to make the following announcement: UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1993 GROUP COMPANY 1»» I—2 1993 1992 WSS'OOO SS'OOO S$ 000 SS'OOO 1 (a) Turnoverfrom substdianes963 words
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THE WORLD
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WORLD WATCH
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Article74 1994-04-02 4 Reuter ROME Italy's real GDP fell 0.7 per cent last year and its economic recession worsened in the last quarter, the Treasury said in a report. Ihe Treasury's first-quarter report on the state of ItaK's accounts also said further fiscal rigour was required for interest ratesReuter - 74 words
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Article95 1994-04-02 4 AFP CAIRO Israel and the PLO will resume full negotiations on launching Palestinian self-rule tomorrow, a PLO source said yesterday. The two sides agreed to restart their talks and speed up the implementation of autonomy in Gaza and Jericho after reaching a security agreement forAFP - 95 words
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Article64 1994-04-02 4 AFP MOSCOW Russia will join Nato's "Partnership for Peace" programme later this month as planned. Foreign Minister Andrei Kozyrev said yesterday, Interfax reported. He said suggestions by President Boris Yeltsin's spokesman that Russian membership in the programme could be delayed until next autumn referredAFP - 64 words
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Article107 1994-04-02 4 Reuter ATHENS Hungary yesterday became the first former Communist bloc country to apply for membership in the European Union, saying this was the only way to ensure its security and integrity "The most important thing about this accession is that it will make our course towardsReuter - 107 words
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Article52 1994-04-02 4 LONDON Britain said yesterday it had expelled a Russian diplomat after Moscow ordered one of its diplomats to leave Russia. "We were asked by the Russians to withdraw a diplomat." a Foreign Office spokesman said. "In response, we asked the Russians to withdraw a diplomat from52 words
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Article66 1994-04-02 4 Reuter SOFIA Bulgaria has sold a medium-sized state enterprise to its employees for the first time in a landmark deal using bonds issued against Communist-era bad loans, the head of the Privatisation Agency said. Under the contract, the agency sold the blinds-producing firm Stil AReuter - 66 words
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Article81 1994-04-02 4 Reuter ANKARA Turkey's Gross National Product (GNP), based on fixed prices, grew by 7.3 per cent last year, compared to 6.4 per cent in 1992. the State Institute of Statistics (SIS) said on Thursday. It said Gross Domestic Product (GDP) growth was 7.2 per centReuter - 81 words
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Article, Illustration512 1994-04-02 4 IHT LONDON US President Bill Clinton's decision to lift the ban on the sale of high-end telephone and computer systems to China and the former Soviet bloc countries drew praise from US companies. But companies and analysts inIHT; Reuter - 512 words
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168 1994-04-02 4 AFP WASHINGTON The US trade deficit with India shrank by USS73 million (SSI 16 million) to US$l.B billion in 1993 with improved market access but patent and copyright problems remain, according to a report released on Thursday. India has cut its marketAFP - 168 words
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356 1994-04-02 4 AP WASHINGTON The US economy's huge surge at the end of 1993 is not likely to be duplicated this year, economists said in viewing the government's latest figures on growth on Thursday. But analysts do not expect predictions ofAP - 356 words
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205 1994-04-02 4 AFP WASHINGTON Profits at US corporations soared 10.7 per cent last year, the best showing in three years. The Commerce Department also reported on Thursday that after-tax corporate profits in the fourth quarter of 1993 rose 8.4 per cent, toAFP - 205 words
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328 1994-04-02 4 AP WASHINGTON Almost one-fifth of America's fulltime workers receive what the government considers low pay. the Census Bureau says. A census study found 18 per cent of year-round, fulltime workers earning less than U5513.091 (5520.814) a year in 1992, which is aAP - 328 words
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Page 4 Advertisements
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Advertisement407 1994-04-02 4 B Keppel Corporation Limited (Incorporated in the Republic ot Singapore) NOTICE OF CLOSURE OF BOOKS OF MEMBERS NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed from 2nd June 1994 to 4th June 1994 (both days inclusive) for the purpose of407 words
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Advertisement163 1994-04-02 4 All of these securities having been sold, this announcement appears as a matter of record only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. New Issue March 1994 <Z> Hongkongßank of Australia Limited (Registered and incorporated in Victoria. Commonwealth of Australia: A.C.N. *****4162)163 words
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Advertisement368 1994-04-02 4 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PRINCESS FLORENCE BOUTIQUE PTE LTD (la Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP At the Extraordinary General Meeting of the members of PRINCESS FLORENCE BOUTIQUE PTE LTD duly convened and held at 14 Scons Road #03-93 Far368 words
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REGION/WORLD
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551 1994-04-02 5 Leon Hadar - From Leon Hadar in WASHINGTON THE Office of the United States Trade Representative (USTR) released on Thursday its annual inventory of foreign trade barriers, in which it accused 39 countries, including Japan and other Asian countries of restricting American exports, through restrictive551 words
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Article, Illustration62 1994-04-02 5 Reuter WASHINGTON Yesterday, Kermit the Frog became King for the day talk-show host Larry King, that is. The amphibious muppet took over the microphone on the Larry King Live cable television show on April Fool's Day. During a taping of the programme on Thursday, Ted Koppel, hostReuter - 62 words
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205 1994-04-02 5 Reuter BEIJING Chinese and Russian officials have agreed to set up a free trade zone at the border crossing of a railway line connecting Harbin and Vladivostok, the International Business Daily said yesterday. The zone, south-west of Suifenhe city in Heilongjiang province,Reuter - 205 words
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Article1764 1994-04-02 5 eg sgg m ggt 0». rw* CT* fnw n» Rj 187 0130 ItaMi VN741 1310 SQ176 1130 talterdM SQ25 0630 KL844 0035 VH740 1410 KL83I 0935 KL838 2300 Hatyai MI895 2300 MI896 1920 SQ324 2345 Hfrn" SQ991 1715 SQ992 0155 ktcUmi NZ21 1735 8A11 1505 N*1,764 words
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Article, Illustration522 1994-04-02 5 AFP. Reuter TOKYO Japan's Parliament passed a stop-gap budget in overtime yesterday on the first day of a new fiscal year while the Opposition continued to grill Prime Minister Morihiro Hosokawa over his past money deals. The Upper House approvedAFP.; Reuter - 522 words
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438 1994-04-02 5 Bloomberg Business News BEIJING China's economy is forecast to have slowed in the first quarter of 1994 due to a fall in state sector output, major papers reported yesterday. A forecast by the State Information Centre says industrial output grew 17 perBloomberg Business News - 438 words
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339 1994-04-02 5 Reuter MOSCOW Russia is likely fo present to the IMF a detailed economic policy statement next week and may get a delayed USSI.S billion (552.37 billion) loan early in May if it raises budget income, internationalReuter - 339 words
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Page 5 Advertisements
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Advertisement558 1994-04-02 5 M THE MATTER OF THE COMPAMES ACT, CHAPTER SO AND M THE MATTER Of WEYHLL MANAGEMENT SERVICES PTE LTD MEMBERS'VOLUNTARY UOUBATION At an Extraordinary General Meeting of the Company held on Wednesday. 23 March 1994 at 60 Raffles Place. *25-01 UOB Plaza 1. Smg*»re 0104 at 3.00 pm. the following558 words
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COMPANIES & MARKETS
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414 1994-04-02 6 MBT Bernama KUALA LUMPUR Lien Hoe Corporation Bhd paved its way into the timber business yesterday by proposing to acquire a 70 per cent stake in North Sumatera Timber Sdn Bhd (NSTSB) which had recently ventured into the Indonesian timberMBT; Bernama - 414 words
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412 1994-04-02 6 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Good international market conditions and strong demand for products have enabled three recently listed companies to report impressive results. Strong order books helped upmarket furniture maker Hwa Tat Lee to raise its earnings412 words
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243 1994-04-02 6 Bernama KUALA LUMPUR The gross proceeds of MS 1.2 billion (SS7OO million) from a fund raising exercise by United Engineers (Malaysia) Bhd mostly will be used to part-finance infrastructural projects planned by the company over the next five years. The companyBernama - 243 words
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Article, Illustration763 1994-04-02 6 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE It is time for Shangri-La Hotel Ltd to consider including dividends from its hotel and property investments as part of its operational income. On Wednesday, Shang released its 1993 results with a 3 per cent lower763 words
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386 1994-04-02 6 Sylvia Wong - By Sylvia Wong SINGAPORE Diversified property group Bonvests Holdings reported a 3.4 per cent increase in net earnings to 55.56 million for the year ended Dec 31. Turnover was down 3.8 per cent to 5i24.91 million, which Bonvest attributed to the386 words
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301 1994-04-02 6 Juliette Walker - By Juliette Walker SINGAPORE Wepco packaged another loss-making year for shareholders as high interest and depreciation charges continued to burden modest gains in turnover. The Sesdaq-listed company reported a group loss of Si.ol million or 6.17 cents per share. No dividend301 words
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323 1994-04-02 6 MBT KUALA LUMPUR Kuala Lumpur Stock Exchange (KLSE) executive chairman Nik Mohamed Din Yusoflf says he favours Malaysia adopting some of the recommendations of the UK's Cadbury Report, such as the formation of nomination committees for appointment of directors. A nominationMBT - 323 words
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COMPANIES
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353 1994-04-02 7 Bloomberg Business News BANGKOK Shares of Thai Telephone Telecommunication pic (TT&T) will be offered to the public at 14S baht (558.98) per share, with 40 per cent allocated for foreign investors. The company, which has a government concession to installBloomberg Business News - 353 words
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107 1994-04-02 7 NST KUALA LUMPUR The Securities Industry Act 1983 will be amended to make it clear that financial institutions must have a licence to trade in shares, The New Straits Times reported on Thursday. This is because the current provisions inNST - 107 words
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150 1994-04-02 7 Reuter KUALA LUMPUR Malaysia has given an air operating permit to a consortium to run the country's second international airline, the national Bernama news agency said yesterday. The new and as yet officially unnamed airline is scheduled to start operations in the first quarter ofReuter - 150 words
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323 1994-04-02 7 Bernama KUALA LUMPUR Proper-ty-based South Malaysia Industries Bhd (SM1B) yesterday marked its entry into the leisure and entertainment industry in China with the formation of joint venture companies and other cooperations. A total of three joint venture agreements, a memorandum of cooperationBernama - 323 words
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279 1994-04-02 7 Reuter TOKYO Tenacious buying from overseas investors may have receded over the last couple of weeks, but brokers and fund managers here say foreign appetite for Japanese stocks has still not been sated. "Into weakness, foreigners will buy this market and they'll continue toReuter - 279 words
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246 1994-04-02 7 AFP BOMBAY A second top executive of India's Tata group of companies has stepped down under a corporate restructuring plan proposed by chairman Ratan Tata, consolidating his hold over the family business empire. Septuagenarian S A Sabawala's decision to retire as chairman of TataAFP - 246 words
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COMPANY BRIEFS
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56 1994-04-02 7 SINGAPORE Town and City Properties Ltd fell into the red last year. It reported a group net loss of 184.000 for the year ended Dec 31. 1993. against a $245,000 loss in 1992. As Town and City had no trading turnover for the year,56 words
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63 1994-04-02 7 SINGAPORE Tanjong pic has reported a 29 per cent rise in group after-tax profit to MS 182.7 million (SS 105.96 million) for the year ended Jan 31. 1994. The group's pre-tax profit rose 19 per cent to M 5264.1 million. The improvements were made63 words
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50 1994-04-02 7 Bernama KUALA LUMPUR The listed status of Consolidated Plantations (Consplant) will be transferred to Kejora Harta Bhd. it was announced yesterday. This followed the signing of a subscription agreement between Sime Darby Bhd, Consplant together with Ideal Appraisal Sdn Bhd and Kejora Harta. BernamaBernama - 50 words
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Article, Illustration56 1994-04-02 7 Reuter BEIRUT Shareholders gather at the first statutory meeting of Lebanon's Solidere, a US$l.B billion (SS2.B billion) company charged with rebuilding war-damaged central Beirut. Solidere's incorporation was delayed because of lack of quorum at the meeting on Thursday. A second meeting, needing a 50 per cent quorum, mayReuter - 56 words
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85 1994-04-02 7 Bernama KUALA LUMPUR Genting International pic group's pretax profit eased 4 per cent to U5520.52 million (5532.2 million) for the year ended Dec 31. 1993, from U5521.39 million previously. Announcing its audited results yesterday, the company said group operating revenue, however, rose 91 perBernama - 85 words
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Article, Illustration491 1994-04-02 8 Reuter NEW YORK Seeking to improve its lagging quality standards, Chrysler Corp yesterday unveiled a USSSI.S billion (552.35 billion) spending plan to upgrade its plants, tighten up testing and retrain its workers over the next five years. The money, part ofReuter - 491 words
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256 1994-04-02 8 Reuter NEW YORK Standard Poor's Corp said the stock market's recent pullback is a correction that could see a 10-15 per cent drop from its all-time high, but it does not foresee a sustained bear market. "Given recent trends in businessReuter - 256 words
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272 1994-04-02 8 Bloomberg Business News NbW YORK Worldwide eorporate mergers rose 27 per eent in the first quarter to USS9I.S billion (*****.5 billion). spurred by high stoek priees. low interest rates and expansion plans, aeeording to information eompiled by Securities Data Co. Among theBloomberg Business News - 272 words
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283 1994-04-02 8 Bloomberg Business News ST LOUIS Trans World Airlines Inc has reported a 1993 loss from operations of U*****.8 million (*****.6 million), largely because of a US$342 million pre-tax charge to meet some underfunded pension obligations. TWA** 1993 loss from operations comparesBloomberg Business News - 283 words
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486 1994-04-02 8 Reuter NEW YORK On Wall Street, confidence is faltering in the Federal Reserve's ability to stem tumbling stock anil bond prices, analysts say. Some economists are blaming the Fed's softly softly approach to raising overnight interest rates for the unexpectedly sharp surgeReuter - 486 words
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SHIPS IN PORT
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Article467 1994-04-02 8 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departoe Jurong Part om pm 0204/0730 02 041«30 Antares 005/94 J12 alongside 0204,0330 Harradali 7/94 P10 0204 0600 0304 0600 Bristol Lake 9401 116/17 alongside 0204/1800 Hoegli Drake 0424 P06 0204,0700 0304 0700 Kanma Jaya 03/01/94467 words
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Article2154 1994-04-02 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Slip Voy No Contain avaiabie Ship Voy No Containers ivaiabfc Northern Pte 9632W 31 03 94 0335 Socol 1 9415N COOlEST) 01 04 94 2300 KotaBuana 032 31.03.94 0815 Australia S 02S COOlEST) 0104 94 1500 Cy Frontier VMM 16 312,154 words
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FINANCE & COMMODITIES
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346 1994-04-02 9 Bloomberg Business News TOKYO Japanese government bonds fell as investors took advantage of recent price rises and the start of the new fiscal year to sell bonds to raise cash for new investments, analysts said yesterday. Bond futures for JuneBloomberg Business News - 346 words
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247 1994-04-02 9 Reuter BEIJING China's new interbank foreign exchange trading system will begin formal operations on April 4, the official Securities Daily supplement to the Financial News said yesterday. The newspaper belongs to the central bank, the People's Bank of China. A newReuter - 247 words
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209 1994-04-02 9 Juliette Walker - By Juliette Walker SINGAPORE Citibank, Union Bank of Switzerland (ÜBS) and Bank of Tokyo have won top rankings as foreign exchange banks in the Asia-Pacific region. In a poll published by Asiamoney, Citibank won top billing as the best foreign exchange209 words
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164 1994-04-02 9 Bloomberg Business News NEW YORK Earnings at major oil companies could fall 10 per cent in 1994 because of a decline in oil prices to near five-year lows. Constantine Fliakos, an analyst at Merrill Lynch, said in a research report onBloomberg Business News - 164 words
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288 1994-04-02 9 Reuter BEIJING China's official media urged its people to buy billions of yuan in domestic bonds that went on sale from yesterday, saying that they were "gold-plated". Sales of two and three-year bonds began at tens of thousands of banks, post officesReuter - 288 words
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Article, Illustration138 1994-04-02 9 Bloomberg Business News FRANKFURT Deutsche Bank AG, Germany's largest bank, on Thursday said 1993 earnings jumped 22.6 per cent as securities trading and overseas strength offset weakness in domestic banking. However, the bank, one of the world's largest financial institutions. said itBloomberg Business News; Reuter - 138 words
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252 1994-04-02 9 Bloomberg Business News TOKYO Mitsubishi Bank has financed a bailout of two non-bank affiliates by selling some 87 billion yen (SSI.3 billion) of its equity holdings, it announced on Thursday. The bank, a leading commercial bank and the core of the Mitsubishi group ofBloomberg Business News - 252 words
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166 1994-04-02 9 Reuter SINGAPORE Simex Euroyen futures closed little changed after a very quiet day's trading affected by the market holiday in other major financial centres. Traders said Euroyen contracts were steady all day despite a slight recovery in the dollar on foreign exchanges. DecemberReuter - 166 words
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166 1994-04-02 9 Reuter TOKYO Yen-denominated precious metal futures shot upward yesterday, triggered by the overnight rally in New York markets and helped by the dollar's slow rise against the yen towards Tokyo close, dealers said. The rally was led by platinum futures, attractingReuter - 166 words
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Article121 1994-04-02 9 Reuter TOKYO Rubber futures eontinued a downward trend yesterday as buyers took a breather ahead of the weekend. Prices were 0.9 to 1.7 yen per kg lower, with benchmark September down 1.0 ven at 96.0. Dealers said the market never recovered after Wednesday's fall on weakerReuter - 121 words
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Article, Illustration1657 1994-04-02 9 I rail<• nnthtiJ in, I, taklilatfj aKUin\l S'i**r'> iitp 14 iraJinif panmr\ Huh' Itur /Wi.' US$/S$ forward rates Noon Mar 31 s$ Bid Olfcr 1-month 15*83 I 5698 2-month 1.5684 I 56W V month 1.5685 1.5700 h-month 1.5683 1.5703 Source: OCBC FOREIGN CURRENCY NOTE RATES to at Sm m Mar1,657 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5637 1994-04-02 10 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock index rose yesterday as a rebound in the Dow Jones Industrial Average helped calm investors worried about rising US interest rates, analysts said. Malaysian interest rates, relatively high by world standards, are still heading lower.Bloomberg Business News; Source: Bridge Info - 5,637 words
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Article, Illustration2426 1994-04-02 10 Bloomberg Business News TOKYO Stocks rose as the dollar rebounded to 103 yen. boosting the shares of exporters hit in recent days by a rising yen. traders said. "Recently, the yen-dollar rate and stock prices have been moving in sync." said Masavoshi Yano. general manager of the stock tradingBloomberg Business News; Source: Bridge Info - 2,426 words
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Article, Illustration1704 1994-04-02 10 Bloomberg Business News BANGKOK Thai shares doc lined for the third straight session yesterday as coneerns about the ruling eoalition's stability east doubts over its infrastructure spending plans. The Stock Exchange of Thailand composite index was down 7.46 points to 1.232.53 with deelining issues leading advancers 179-78. Only 2.7Bloomberg Business News; Source: Bridge Info - 1,704 words
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Article706 1994-04-02 10 Taipei \pr I IS Vol \%U CIIKMl UIK h 1***1 Ml Siihcic IihI 2 uikH |(Mf< hiiu hciiiR.W *41 N» 0 |0 7 C htn.i mo < .iNo V»tll uikH >: s> i ioi t hiiu rXrvdup 11 MM) >M ili/i-u uikI Ml OO* l2'2 hni.l(rvll I1.NK O 90 <706 words
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Page 6 Advertisements
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Advertisement70 1994-04-02 6 SUCCESS RESOURCES FIE lID Organiser of NffIMUL [>• ACHIEVERS* Congress^ Wishes to convey our heartfelt thanks and appreciation to: SINGAPORE INSTITUTE OF MANAGEMENT OVERSEAS UNION BANK LIMITED, CREDIT CARD ASSOCIATION FOR SMALL AND MEDIUM ENTERPRISES SINGAPORE TELECOM, TELEVIEW MARKETING KEN AIR TRAVEL MANAGEMENT SYSTEMS PTE LTD MCDONALD'S RESTAURANTS PTE LTD70 words
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Page 7 Advertisements
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Advertisement62 1994-04-02 7 > prr sr» Did you see yesterday's XO Beer ad? Did it remind you of all the XO Beer ads? Did you know it's exactly one year since that campaign became the most talked-about advertising in the country? How many year-old advertising campaigns can you remember? This is just a62 words
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Page 9 Advertisements
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Advertisement96 1994-04-02 9 BEIJING APARTMENTS Jin Du Mansion Prime brand new residential property within Central Beijing. Furnished fitted to high standards. Available for immediate occupancy. Don't Miss This Investment! Sizes from 720 -1044 sq. ft. 2-3 bedrooms Attractive Prices Potential rental is from Ss4ooo Ss6ooo p.m You can recover your investment in 3Vi96 words
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Page 10 Advertisements
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Advertisement30 1994-04-02 10 JUST CALL--737-1166 Make the connectioo through The Straits Times Classified when you're looking for XI i bargains or looking for customers. I Just give us I CLA.T.S. a call. 1737-116630 words
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Executive Lifestyle
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Article, Illustration1717 1994-04-02 11 Robin Simon - Do stars have more Monet than sense? Not if. like Barbra Streisand, their obsessions make them millions, says Robin Simon Robin Simon BEFORE she sold her art collection at Christie's in New York on March 3 and 4, Barbra Streisand came up with a predictably Californian mantra inPhotos courtesy of Christie's - 1,717 words
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STRAWS IN THE WIND
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Article37 1994-04-02 11 NOW THAT the Goods and Services Tax has gone into full swing, what do some people say about it? A disgruntled provision shopkeeper was overheard giving his own definition: "GST? Give Singaporeans Trouble only."37 words
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Article62 1994-04-02 11 YOU CAN't get away from COEs. no matter how far away you are. Singapore, a magazine put out by the Singapore International Foundation, reported how in Louisiana, redesigned car licence plates now have three letters, followed by three digits. A Singaporean living there wrote in to say62 words
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Article76 1994-04-02 11 TV VIEWERS must have noticed SlA's string of commercials aggressively plugging its flights to London. They should monitor the screening times, though. Imagine the churning stomachs of viewers watching a Channel 12 documentary on coyotes one night: one minute they were watching the animal feasting on76 words
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PERSONAL FINANCE & INVESTMENT
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Article, Illustration1234 1994-04-02 12 Bernard Chew - Bernard Chew Bernard Chew has some tips for investors looking for opportunities to pick up technology stocks Technology stocks have always been a popular bet among investors with their high growth rates and higher return on investment. And with the general decline in local stock prices1,234 words
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Article762 1994-04-02 12 R Sivanithy - Will share prices fall further? R Sivanithy finds out what the investment guru has to say R Sivanithy THE QUESTION uppermost in the minds of investors and one that renowned investment adviser David Fuller is now constantly asked is: are we seeing the start762 words
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Article, Illustration565 1994-04-02 12 Paul Leo - Spotlight currency By Paul Leo THE MALAYSIAN ringgit is undervalued on all counts, be it purchasing power parity basis or economic indicators. DBS Bank said in the March issue of Asean Briefing that based on PPP analysis, the ringgit would appreciate against the USSource: TeleTrac - 565 words
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Article, Illustration608 1994-04-02 12 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index rose by 10.81 points in March, ending six consecutive months of decreases. After starting a fall last September which hit its lowest point of 240.29 in February, the eight-club index finally stabilised and went up slightly608 words
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CORPORATE PROFILE
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Article, Illustration2563 1994-04-02 13 William Chia - Asia's corporate giants Tanri Abeng, president director of PT Bakrie Brothers, has succeeded in transforming the company into one of Indonesia's most professional and competitive outfits. But he is not resting on his laurels. William Chia finds out what plans he has in the pipeline WilliamPhoto by William Chia - 2,563 words
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649 1994-04-02 13 TANRI ABENG sees a lack of professionalism as the biggest problem facing companies in Indonesia. Mr Tanri, regarded as Indonesia's greatest champion of professional management, said this was because of the way most Indonesian companies have grown. Many are family-run and rely on649 words
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ENTERTAINMENT
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Article, Illustration985 1994-04-02 14 Corinne Kerk - Is the Singapore film industry dead? Not in the eyes of David Searl, director of a production company which plans to make two English movies here next year. Corinne Kerk has the details Corinne Kerk WHERE Singapore's film industry is concerned, there seems to have beenPhoto by Arthur Lee - 985 words
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Article, Illustration588 1994-04-02 14 SUSAN TSANG - Cinema Review By SUSAN TSANG WE'VE SEEN the Vietnam war from the grunt's eye view in Platoon and Born On The Fourth OJ July. It seems inevitable that Oliver Stone would get around to showing us the Vietnam war. seen from the peasant's point of588 words
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Article, Illustration685 1994-04-02 14 SUSAN TSANG - Book Review WWI IIvVIVVT By SUSAN TSANG Lord Of The Grassland By Nirmal Ghosh Landmark $9.90, 80 pages THE Lord Of The Grassland is born in the deep grass by the banks of the Brahmaputra. Beginning life as an awkward calf, totally dependent on his mother and685 words
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TIME OFF
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Article, Illustration839 1994-04-02 15 Shahiron Sahari - Shahiron Sahari went to Michael Bolton's concert with few expectations but left feeling pretty satisfied with the show Shahiron Sahari THERE were many happy women streaming out of the Singapore Indoor Stadium on Thursday night at the end of Michael Bolton's concert. There were many happy men839 words
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Article238 1994-04-02 15 Les MiseraMes Produced by Cameron Mackintosh, one of the world's most popular musicaJs 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. 7.30pm nightly except Mondays. Kallang Theatre. Weekend matinee238 words
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Article, Illustration322 1994-04-02 15 Duran Duran One Night Concert Britain's modem dav Fab Four. Dur- an Duran. have wanted to perform in Singapore for some years. This is part of their South-east Asian tour, which follows nearly 18 months of performances and promotions from Europe to the States. Fans are promised a visual322 words
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Article214 1994-04-02 15 Leaving Home Chronicle of a generation, in German with English subtitles. Hermann Simon was born in Schabbach in 1940. Before he leaves his village he swears never to return to this provincial backyard, to devote his whole life to music and never to fall in love again. Find out214 words
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Article, Illustration1045 1994-04-02 15 Our Built Heritage An exhibition towards quality restoration, jointly organised by Urban Re- development Authority and Preservation of Monuments Board. Apr 5 to 11 at the North Atrium. Ground Floor, Raffles City. Filipino Artists of Singapore X-patriots Michalski Galleries of Fine Arts Pte Ltd presents works by1,045 words
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Article306 1994-04-02 15 Chopin's Life Learn more about the music and life of the great Polish pianist and com- poser Frederic Chopin (1810-1849) from presenter Ng Peng Kit. Today. 7pm at Guinness Theatre. Tickets at SB. Call Mrs Low at 440-6855 for more details. Coming Together... Again Five original playlets306 words
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Article128 1994-04-02 15 Wee N H - Compiled by Wee N H Sistic outlets are at Foriim Galleria. Liang Court, RaJJles 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: 269-2929.128 words
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SPORTS
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SPORT SHORTS
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Article, Illustration101 1994-04-02 16 Reuter SEATTLE Shawn Kemp had 28 points and 12 rebounds and Gary Payton added 20 to lead the Seattle SuperSonics to a 95-92 win over the Los Angeles Lakers on Thursday, handing Magic Johnson his first loss, after winning his first two games. The Sonics have won seven straightReuter - 101 words
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Article, Illustration276 1994-04-02 16 AP AP AFP LYON, France With the European Tour's elite in the United States, honing their swings for next week's Masters, four golfers can capture the top spot on the European money list at the U*****,000 (*****.300) Lyon Open starting on Friday. England's Paul Eales. currently third with U*****,990.AP; AFP - 276 words
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Article, Illustration100 1994-04-02 16 AFP NEW DELHI A swarm of bees swooped down on a stadium in the northern Indian city of Jammu while a local hockey match was in progress, stinging players and spectators and forcing the tie's cancellation amid chaos. Players and fans ran "helter skelter" to escape the bees whichAFP - 100 words
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Article, Illustration209 1994-04-02 16 UPI LONDON Rugby union cashed in on its growing popularity Thursday by securing TV deals worth £34 million (Ss79 million). The deals confirm BBC as broadcaster of the Five Nations championship and gives Sky Sports a foothold in the sport for the first time. BBC's new three-year contract costsUPI - 209 words
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Article, Illustration135 1994-04-02 16 AP BUENOS AIRES, Argentina Diego Maradona said again on Thursday that he could retire before this year's World Cup. Maradona. 33. has stated several times in the past three years that he would quit, but each time returned to the sport in which he excelled in the mid-1980s. MaradonaAP - 135 words
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Article, Illustration320 1994-04-02 16 AFP AFP AFP OSAKA, Japan Michael Chang suffered a shock defeat to Henrik Holm in the quarter-finals here Friday. failing to defend his singles title at the U*****,000 Salem Open men's tennis tournament. The Chinese-American, a crowd-fa-vourite here who captured five of his 15 singles crowns in Asia, watchedAFP - 320 words
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Article, Illustration386 1994-04-02 16 Golf AP NEW ORLEANS Despite gusts of more than 30 km an hour, Spain's Jose Maria Olazabal shot a course-record 9-under-par 63 on Thursday to take a four-stroke lead after the opening round of the FreeportMcMoßan Golf Classic. "I'm surprised." OlazabalAP - 386 words
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Article889 1994-04-02 16 Kevin Sullivan's - Part II of Kevin Sullivan's 10-stage, 150 km walk around Singapore Kevin Sullivan's ON LOYANG Avenue leading from Changi Village a fresh breeze rushes through the leaves of trees amid bright sunshine. but the breeze and the greenery vanish on the corner of Pasir Ris Drive889 words
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609 1994-04-02 16 NCAA Final Four Reuter CHARLOTTE. North Carolina The Arkansas Razorbacks are here and the First Hawg, President Bill Clinton, will be. too. Big Dawg got sent home, out-pedigreed by Duke, but the Wildcats of Arizona and Gators of Florida haveReuter - 609 words
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Article, Illustration33 1994-04-02 16 Reuter MILWAUKEE Milwaukee Bucks forward Derek Strong (left) and Portland Trail Blazers centre Clifford Robinson (right) watch as the ball gets loose at the Bradley Centre in Milwaukee on Thursday. ReuterReuter - 33 words
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447 1994-04-02 16 AP NEW YORK Michael Jordan's early days in the Southern League will be a cinch. The Birmingham Barons play their first six games at home, then get a day off before travelling to Chattanooga, located two hours away. Then, just when Jordan decidesAP - 447 words
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Article, Illustration1017 1994-04-02 18 A Home Of Our Own. Kathy Bates is a mother of six who gets the brood to build a house in an Idaho field. Midnight tonight at Lido. American Yakuza. An FBI agent goes undercover as a yakuza and feels that he belongs. Midnight tonight at Cathay 1. Empress.1,017 words
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Page 11 Advertisements
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Advertisement274 1994-04-02 11 'A,WtiT I'' in" 11 L&ISBIISMMM EXPRESS The ./><<■ .>/ way of turning shares into 'A* MO^IJ SSSS«33 u,mD ""TBSS"""" 1 W-.P-A'-W**^^* l^^*^-W-1 Map* l 1 I *fc? i f' i ni'ff I ft MBgteßr h|l HSI i^BE nB yif- r;'. kH^PSL in I T vs iM Hi HH jfe yHBBSj274 words
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Page 14 Advertisements
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Advertisement84 1994-04-02 14 B still read our latest I ftl; *****$ New World Hotel Saigon Tel: *****0 I Palace Hotet *****0 Century Saigon Hotel T>1:*****8 *****5 Saigon Star Hotel Tel: *****0 g|| Majestic Hotel Tel: *****2 Friendship Hotel Tel: *****5 Norfolk Hotel Tel: *****3 Continental Hotel <ftk2sW64 Mondial Hotel Teh *****1 Hotel Equatorial84 words
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Page 16 Advertisements
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Advertisement66 1994-04-02 16 ADVERTISEMENT Businesfflmes/KENWOOD GOLFING TIPS By BftETT BRASIEFT PROFESSIONAL GOLFER Qualified Member Of 5.P.G.A.S Dip in Golf Management A common hab*it among many players is hiding to the right rather than turning on the backswing... ..If you have this problem,get a friend to hold a club aginst your right knee as66 words
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Advertisement151 1994-04-02 16 X"-. •> 11% T Fr*€A£o S yP«ck^ *.Wt* s€ \ISL t\ I V (Frsl2on*tt) «''"VPACKAGES »s££ V^ftssi/f Karaoke in one of our 18 riverside theme rooms and party away with our fabulously-priced packages! 1 JL«t+± <** V r 3*2 Hmmlmk tUmi Si» 9 wptrr Mt TtL *****22 Fax: ******4 M151 words
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Page 17 Advertisements
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Advertisement811 1994-04-02 17 HPloll king BGcltS A Bud. Brffi'lfl WHERE to wine, dine and entertain or fit Cafe Carousel BSHIH (JimLel HB| 24 *»mr inffer BOU^MOHOTEL 200 Orchard Boulevard MJHMMHMffiIB Egg-cellent Treats! SAfirtl 1994 Moon >—i CMmii wmwH EASTER DAY BUFFET ml. jOj LUNCHEON Pries: $20++Adult/sl4++ Child Mow Time: 11.30 am to 2.30811 words
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Advertisement364 1994-04-02 17 ]P ®t i s ]rs I/Widest appetiser choice. If we were to lay the appetiser spread at our monthly international lunch buffet down Orchard Kjjad, you 11 have the widest choice in town. Lit* erally and wonderfully. JQP Jor reservations, please call *****51. K 'British 'Buffet for the month of364 words
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Page 18 Miscellaneous
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Miscellaneous2475 1994-04-02 18 TODAY'S TV Keith Floyd travels lo (See Movies). Jersey. Close. Between Love And Hate, 2pm, Hollywood Stuntmakers, 4pm, shows you ho* to make SBC 5 SBC 5 a famous local dish. TVI -r -tile 700 Today in France. Matt Templeton is your typical Lots of movies have been jjQ Berital2(M)2,475 words
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