The Business Times, 4 June 1994
1994-06-04
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The Business Times
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Title Section13 1994-06-04 1 Business Times Wli KNOW ASIA Weekend Edition, June 4-5 1994 MITA(P) 010/12/93 75*13 words
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599 1994-06-04 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK BANGKOK The Thai central bank's ruling to limit the foreign currency exposure of Thai finance and securities firms has put a dampener on Singapore's active lending to that market. While bankers here are reluctant to discuss599 words
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Article, Illustration531 1994-06-04 1 Ho Kay Tat, R Sivanithy - Ho Kay Tat, R Sivanithy MALAYSIAN shares managed a mild recovery yesterday after some reassuring words from Finance Minister Anwar Ibrahim about the country's economic and corporate health, giving the Singapore market a lift in turn. The Kuala Lumpur Stock Exchange Composite Index regained 10.05Source: Bridge Info - 531 words
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Article, Illustration316 1994-06-04 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK THAIS were treated to a glimpse of Hollywood this week when superstar Sylvester "Rambo" Stallone jetted in with his business partner, Singapore tycoon Ong Beng Seng. Before long. Planet Hollywood will also turn up smack316 words
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484 1994-06-04 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE The strike price for the tender shares of Comfort Ltd was set yesterday at 1.11 —a 41 -cent premium on the minimum tender price of 70 cents. At that price, the market capitalisation of the transport group is $537 million.484 words
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342 1994-06-04 1 AP, Reuter WASHINGTON The US unemployment rate fell unexpectedly to 6 per cent in May, the government said yesterday, but the report still signalled the economy may be cooling off. The decline to 6 per cent from 6.4 per cent in AprilAP,; Reuter - 342 words
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2am LATEST
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Article31 1994-06-04 1 Reuter CINCINNATI The US is investigating charges that 7,000 General Electric jet engines used on military and commercial aircraft may be defective, the Justice Department said. ReuterReuter - 31 words
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Article38 1994-06-04 1 Reuter WASHINGTON US Trade Representative Mickey Kantor and Japanese Foreign Minister Koji have shelved trade talks slated for next week in Paris. US officials said Mr Kakizawa must remain in Tokyo on parliamentary business. ReuterReuter - 38 words
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Article158 1994-06-04 1 Stock market indices Friday Change STII 2,268.7 +16.32 KLSE Comp 965.49 +10.05 Nikkei 20,954.19 -54.81 Hang Seng 9,234.27 +11.93 SET Index 1,358 -0.92 Jakarta Comp 486.73 -0.67 CLSA China B ....1,099.81 +10.81 AustAUOrd 2,078.6 +1.6 FTSE 100 2,997.8 +17 Friday Previous 2pm dose Dow Jones 3,772.83 3,758.99 Average158 words
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Page 1 Advertisements
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Advertisement13 1994-06-04 1 Lifestyle Cover Story: el i Mixing Mahler and markets Ml ■1 M ——i^—13 words
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Advertisement13 1994-06-04 1 Asia's corporate giants: el 3 HK Telecom seeks Chinese godfather See Pg EL913 words
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Advertisement32 1994-06-04 1 Special package on home loans: el 4 Preparing for rising interest rates// Regional market reports, Pgs 12-16 Times Mirror and Cox plan USs2b cable TV merger Page 4 8 11 11 y32 words
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Advertisement202 1994-06-04 1 Picking winners in equities: el 4 Where funa\managers put their money Art: el 6 Unique perspectives 11, Dow up 13.84 RHAPSODY IN BLUE hand-enamelled in blue, green, red and white I jUh -jfcWj I fit i[ ST PP flp m yi m IB Bu mmfl Bi mm 1 ■i^EL Chronometer202 words
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Advertisement45 1994-06-04 1 Bp CONTINTtfcgI ww OmphlH S pore News 2 S pore*aa 6.7.5 Regional News 3.4 Fnancial 10 World 5 FMtam MwMi Opinions El 2 Qob/KLSt S£S 14-16 PI EL4. 5 Regional 12 Revwws a 6, 7 World 12 Sports £18 Currencies 10 TV/Radio ELI2 Sm/Cmmo 1145 words
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SINGAPORE NEWS
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Article, Illustration464 1994-06-04 2 A J Leow - By A J Leow THE government intends to make ISO 9000 certification a prerequisite for local construction and related consultancy companies involved in public sector projects valued above $30 million. Announcing the move yesterday, the Acting Minister for National Development,464 words
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277 1994-06-04 2 SALES and expected orders of up to USS223 million (SS34I million) were generated at the South-east Asia Building and Construction Exposition Sibex 94 almost treble the US$B3 million recorded at last year's show. Sales concluded at Sibex held at the World Trade Centre277 words
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557 1994-06-04 2 Soh Tiang Keng - By Soh Tiang Keng JOHN Hancock Life Assurance in Singapore has teamed up with Citibank to launch an investment-linked insurance policy with a death benefit cover which is at least twice the amount of the single premium payable. Called the Money Growth plan, the policy557 words
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201 1994-06-04 2 MALAYSIA and Singapore will work out further arrangements to strengthen enforcement against illegal tanker cleaning, a joint committee said yesterday. The seventh meeting of the Malaysia-Singapore Joint Committee on the Environment also endorsed an emergency response plan to deal with201 words
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Page 2 Advertisements
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Advertisement954 1994-06-04 2 mi HWA hong corporation limited m™j (INCORPORATED M THE REPUBLIC OF SMGAPORE) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Forty-Firs Annual General Meeting of the Company wil be held at the Function Room, Ground Level, Trade Mart Singapore, 60 Martin Road. 0923 on Wednesday 29 June954 words
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Advertisement69 1994-06-04 2 riH BusmessTimcs Make gljjjiey When High-Tech Companies 1 need personnel, i\the» plug into I&O^TS SINGAPORE f 1 HBusmessßusinessTimesTimes webowasu Name: Age Address: Postal Code: Occupation: Pax Tel: (0) (H) Mail or fax this form to: J^WHMMB|MMSHfißs|p|Wß|jg!|g^ k 3 Customer Relations Section Circulation Department s Singapore Press Holdings Limited 82 Genting69 words
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Page 2 Miscellaneous
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Miscellaneous347 1994-06-04 2 WEATHER I Singapore: Showers over several areas m the late morning and afternoon. (Temperature range: 25-32). Asia-PacMc Ml/IV Cm 4. lanf N/la' Ctarf. Buenos Am 21/13 Oca Auckland 17/13 Showers Amsterdam 15/08 Cloudy CNcago 20/08 Cloudy Bangu* 32/26 Showers *Ihen* 34/23 Clear Honolulu 30/23 Oca Be*r>g 30/15 Clear Bertn M/Ol347 words
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THE REGION
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521 1994-06-04 3 Vice-Premier Zou sees control of costs as key to political stability Reuter BEIJING China, battling inflation running at well over 20 per cent a year, vowed yesterday to keep prices in check and announced that inspection teams would sweep acrossReuter - 521 words
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445 1994-06-04 3 Alan Boyd - From Alan Boyd in BANGKOK THAILAND is set to launch a Central Provident Fund in January to mobilise national savings, with the majority of government workers still unsure whether they want to take part. The finance ministry said yesterday445 words
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Article, Illustration67 1994-06-04 3 AFP XIAMEN, Fujian Yet another new building under construction in downtown Xiamen in south-eastern China. Now that Fujian's economy has taken off, thanks mainly to overseas Chinese investors, this dynamic coastal province has its next target firmly in mind: Western money and know-how. It seems there'sAFP - 67 words
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359 1994-06-04 3 Peter Osborne - By Peter Osborne SINGAPORE Australia is keen to play a bigger role in Asia's rapidly growing telecommunications industry and is already a major player, Australia's Trade Minister. Bob McMullan, said yesterday. Mr McMullan said after visiting Australian companies at the CommunicAsia 94359 words
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139 1994-06-04 3 Bernama MEDAN Several memoranda of understanding were signed here yesterday at the end of the third ministerial meeting on the Malaysia-lndo-nesia-Thailand Growth Triangle (IMT-GT). Indonesian Coordinating Minister for Trade and Industry Hartarto said the MOUs provided for bilateral and trilateral cooperation in the subregionBernama - 139 words
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425 1994-06-04 3 Pick-up seen healing wound caused by VSNL withdrawal from market Reuter BOMBAY A sudden surge on India's stock exchanges is expected to revive overseas interest in Indian Euroissues, battered by the damaging withdrawal of a billion-dollar offer by the country's overseas telephoneReuter - 425 words
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357 1994-06-04 3 Maggie Ford - Reactions to new Indonesian investment rules From Maggie Ford in JAKARTA PROPERTY agents and developers were yesterday still seeking clarification from BPKM, Indonesia's foreign investment board, on the implications of Thursday's announcement of new foreign investment rules for property. The357 words
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Article, Illustration275 1994-06-04 3 SINGAPORE Jakarta's new investment regulations will make manufacturing on Batam and Bintan islands more competitive, Singapore Technologies Industrial Corp's Riau projects director Goh Song How said. Under the revised rules, investors will no longer have to divest 5 per cent of their equity to275 words
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385 1994-06-04 3 William Chia - From William Chia in JAKARTA BUSINESSMEN said yesterday they expected Indonesia's liberalisation initiative to extend to foreign investment restrictions relating to the Jakarta stock market. Although the anticipated easing of foreign ownership limits on the Jakarta385 words
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ASIA NOTES
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91 1994-06-04 3 AP |JAKARTA Ocean waves triggered by a strong earthquake hit villages along the coast of Indonesia's eastern Java early yesterday, killing at least 164 people and destroying hundreds of houses, officials said. The earthquake had a preliminary magnitude of 5.9 and struck at about lam.AP - 91 words
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Article, Illustration38 1994-06-04 3 Reuter TAIPEI Taiwanese opposition deputy Su Chih-yang slapping kuo Su-chun during a National Assembly session here yesterday for insinuating that she offered male legislators a peek of her undergarments by wearing a short skirt. ReuterReuter - 38 words
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78 1994-06-04 3 AFP HANOI Cross-border trade between Vietnam and China climbed to U553.45 billion last year, accounting for more than half of Vietnam's foreign trade, the weekly Thoi Bao Kinh Te reported on Thursday. The economic newspaper said the figure came from a Chinese official speaking recently inAFP - 78 words
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Article78 1994-06-04 3 Bernama KUALA LUMPUR International Trade and Industry Minister Rafidah Aziz will head a 30-member delegation on a two-week trade and investment mission to the US from Monday. The delegation comprises businessmen from 23 companies and senior officials from the state governments, according toBernama - 78 words
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119 1994-06-04 3 AFP JAKARTA Indonesia's Central Bank said yesterday it was opening the door to new investors to take over the operation of ailing private Bank Summa which was liquidated in December 1992 after running into financial trouble. "Negotiations arc still underway and there is aAFP - 119 words
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THE REGION/WORLD
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425 1994-06-04 4 Tie-up will create third-biggest cable company in the US Bloomberg Business News AI LAN 1A Cox Enterprises and 1 imes Mirror Corp have struck a tentative agreement to combine their cable television operations in a US$2.3 billion (553.5 billion) transaction, aBloomberg Business News - 425 words
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377 1994-06-04 4 AP, Reuter TOKYO Japan's current account surplus, long a source of rancor with its trading partners, jumped 23 per cent in April, the Finance Ministry announced yesterday. The surplus in the current account a broad measure of a nation's international economic Hows,AP,; Reuter - 377 words
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205 1994-06-04 4 Reuter SEATTLE Microsoft Corp chairman Bill Gates, the second wealthiest American, with a net worth of US$6.l billion (559.3 billion), said in an interview published on Thursday that he would ultimately give away 95 per cent of his vast fortune. The six-billion-dollarReuter - 205 words
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194 1994-06-04 4 AFP WASHINGTON An executive's approach to the 18th green is as important as his approach to business, according to a new survey. In a study linking the golf links and business, 49 per cent of 401 executives with US$ 100,000 (*****,000) annualAFP - 194 words
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Article1436 1994-06-04 4 aty nm ETA n» rro Amman RJI87 0130 Amsterdam SQ25 0630 KL844 0035 KL831 0935 KL838 2300 SQ324 2345 Auckland NZ21 1735 BA11 1505 SQ286 2040 NZ22 1825 Bahrain GF148 0905 B Seri Begawan BI421 1105 SQ182 0915 SQ181 1410 BI422 1205 BI429 2030 BM30 21251,436 words
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Article, Illustration124 1994-06-04 4 AFP NEW DELHI A youth jumping from a bridge into the sacred Yamuna River here yesterday as a scorching heat wave continued unabated throughout the Indian sub-continent. At least 161 people have died In the heat, which has touched nearly 50 degrees Celsius in several towns inAFP - 124 words
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477 1994-06-04 4 AP, Reuter SEOUL North Korea's neighbours yesterday moved towards a consensus that the communist state should face sanctions over its rogue nuclear programme. China, North Korea's last major ally, continued to counsel caution, but a published reportAP,; Reuter - 477 words
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390 1994-06-04 4 AFP TOKYO China and Hongkong pushed Britain aside last year to emerge as the biggest destination for Japanese companies making direct investments abroad after the US, the finance ministry said yesterday. The ministry said foreign investment applications grew 6 per cent fromAFP - 390 words
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277 1994-06-04 4 AFP HONGKONG A leading Hongkong bank yesterday urged the government to find ways of boosting supply of flats from private and public developers in order to rein in the runaway property market. In its monthly economicAFP - 277 words
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148 1994-06-04 4 Reuter TAIPEI Taiwan, seeking to enter the General Agreement on Tariffs and Trade (Gatt), yesterday lifted a ban on foreigners setting up banks and eased restrictions on foreign investment in existing domestic banks. "There will be no more restrictions. Foreigners andReuter - 148 words
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THE WORLD
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474 1994-06-04 5 IHT TOKYO The United States and Europe have largely given up hope of forging a common negotiating front to win trade concessions from Japan, European and US officials said. Although Washington, in bilateral talks with Japan, has dropped itsIHT - 474 words
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256 1994-06-04 5 Reuter, Bloomberg Business News LONDON The accession of China and other new members to the World Trade Organisation (WTO) as soon as possible is a high priority to ensure the body's future, said Gatt chief Peter Sutherland. The topReuter,; Bloomberg Business News - 256 words
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Article, Illustration215 1994-06-04 5 Bloomberg Business News BRATISLAVA. Slovakia Germany's central bank chief, Hans Tietmeyer, said members of the Bundesbank Council had a "far-reaching consensus" on policy despite a wave of conflicting public remarks this week. "There are no fundamental differences in opinions of members ofBloomberg Business News - 215 words
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509 1994-06-04 5 Reuter LONDON Top figures in the foreign exchange world warned central hankers yesterday against overreacting to volatile new trading products that some regulators fear could trigger a markets crash. Senior officials in the global umbrella organisation for currency traders said so-called derivatives, suchReuter - 509 words
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WORLD WATCH
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Article103 1994-06-04 5 AP WASSENAAR, Netherlands OPEC Secretary-General Subroto yesterday indicated that Opec will not trim output to force up world oil prices. The Indonesian chief executive of the Organisation of Petroleum Exporting Countries also predicted that world oil prices will likely rise in the third quarter ofAP - 103 words
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Article, Illustration43 1994-06-04 5 Reuter CANTERBURY, England Seeming to reflect the current upbeat economic sentiment in the country is Howletts Zoo Park's new addition: a bab> bull African elephant. Howletts is the only zoo in the country to have bred African elephants successfully. ReuterReuter - 43 words
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89 1994-06-04 5 Bloomberg Business News PARIS The French government is inviting domestic and foreign banks to bid for the job of advising it on the sale to private investors of loss-making computer operation Cic des Machines Bull SA. Economy Minister Edmond Alphandery said the successful bidderBloomberg Business News - 89 words
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86 1994-06-04 5 Knight-Ridder PARIS The Organisation for Economic Cooperation and Development is likely to revise upwards its forecast for French economic grow th in 1994 and 1995, secretary-general JeanClaude Payc said yesterday. "In all likelihood. France will be one of the countries for which will correctKnight-Ridder - 86 words
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SHIPS IN PORT
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Article509 1994-06-04 5 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure Jureng Port Smta ***** P04 alongside 0606/0630 ArktsCamer 129/94 12 alongside 0406/1200 Thanakul ***** POIA alongsde 0306/2300 Batam Bahagia 06/01 94 19 alongside 04 06/2300 Thin Myitta 12/94 P01A alongside 0306/2300 Baton IndaH N122 11509 words
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Article2391 1994-06-04 5 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From Ac> to* I89A 05 0500 18 03/1500 03/1659 03 1900 28 03 1/00 04 0659 04 0900 4 04 1200 042,391 words
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COMPANIES & MARKETS
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Article, Illustration341 1994-06-04 6 R Sivanittiy - By R Sivanittiy SINGAPORE In contrast to the Straits Times Industrials Index which dropped 55.25 points or 2.4 per cent this week, main board counter Sea View Hotel yesterday closed the week $2.10 or 26 per cent higher mainly because ofSource: Bloomberg - 341 words
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276 1994-06-04 6 SINGAPORE Property tycoon Ng Teng Fong has snapped up more Yeo Hiap Seng shares, raising his total holding to 20.5 million or 17.08 per cent of the beverage maker. Yesterday, he gave notice of the purchase of 393,000276 words
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Article, Illustration272 1994-06-04 6 NST KUALA LUMPUR Parties linked to Mycom Bhd managing director Yap Yong Seong, better known as Duta Yap, have emerged as the new controlling shareholders of Ayer Hitam Tin Dredging Malaysia Bhd (AHT). This follows the resignation of Abdul Razak Abdul as executive directorNST - 272 words
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97 1994-06-04 6 Bernama KUALA LUMPUR Kampong Lanjut Tin Dredging Berhad said yesterday its acquisition of freehold land in Kuala Lumpur would be financed through bank borrowings. The rationale for the acquisition was to develop the property into a mixed development of residential and commercial forBernama - 97 words
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760 1994-06-04 6 S N Vasuki - HOCK LOCK SIEW By S N Vasuki SINGAPORE Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity company, is pursuing a bold but controversial strategy to privatise its huge operations. While the stock market is delighted at the prospect of two760 words
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306 1994-06-04 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE United International Corporation (UIC) Ltd has disposed of its electronics arm after three years of heavy losses. In a statement yesterday, UIC said it sold its entire stake of 58.46 per cent of UIC Electronics Pte Ltd (UICE) to minority306 words
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396 1994-06-04 6 SINGAPORE Cycle Carriage Ltd will sell its car-financ-ing subsidiary to an associated company. Associated Merchant Bank, as part of a plan to convert the latter from a merchant bank to a credit company. CCL will then refer half of its car financing396 words
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EYE on your STOCKS
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Article19 1994-06-04 6 tor next weeki expected market sentiment, see Bi Sentiment Index on EL 4 (Persona! Finance Investment section)19 words
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Article, Illustration125 1994-06-04 6 Quak Hiang Whai - c By Quak Hiang Whai Uniphoenix TSR reached the end of its selling trend yesterday and recovered eight cents. One of the most heavily oversold counters. Uniphoenix TSR looks ready for further rebound. Overwhelming bullish divergences are shown in its daily and weekly charts. The daily and weekly125 words
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COMPANIES
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534 1994-06-04 7 MBT KUALA LUMPUR Lien Hoe Corporation Bhd expects its timber sector to be a major contributor to earnings from 1995. This would be in addition to contributions from its other development projects, said chairman Wong Gek Meng in theMBT - 534 words
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198 1994-06-04 7 MBT KUALA LUMPUR Apex Equity Holdings Bhd sees good prospects for the securities industry, underpinned by stable government, strong economic fundamentals, ample liquidity and low interest rates, chairman Chan Guan Seng says in its 1993 annual report. Mr Chan says the groupMBT - 198 words
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Article1268 1994-06-04 7 Payment Kx Books Pay date close date ABK Hldgs 5* F 9 Jun 29 Jul 5 Jul IS Acma F 10 Jun 14 Jun 20 Jul 5 Amcoi 25' F 20 Jul 26 Aug I Aug 23 Apollo b 2.5 Jun 14 Jun 20 Jun 30 Bonvcsts 50" b 41,268 words
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171 1994-06-04 7 Bernama KUALA LUMPUR Binaan Setegap Bhd was confident of improving its performance in future as several large road projects will be awarded this year, said chairman Mohd Hussaini Abdul Jamil. In the company's latest annual report, he said Malaysia's buoyant economy auguredBernama - 171 words
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Article239 1994-06-04 7 Reuter KUALA LUMPUR Malay- A participant said the meetsian businessmen Samsudin ing was called yesterday at the Abu Hassan and Teh Soon office of Robert Fleming and Seng held an impromptu meet- Co. ing with a group of fund man- After announcing terms of agersReuter - 239 words
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207 1994-06-04 7 Bloomberg Business News HONGKONG Hongkong conglomerate Hutchison Whampoa is buying a 25 per cent stake in the Port of Felixstowe in Britain from Hongkong shipping group Orient Overseas International for HK5585.4 million (SSI 15.9 million). Hutchison already controls 75 per cent ofBloomberg Business News - 207 words
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Article512 1994-06-04 7 UNIT TRUSTS FUNDS Managers' prict* Jun 4 6 Singapore Unit Trust The Commerce 1.63 l.72xd The Savings Fund 1.52 1.61 S pore Prog Fund 0 69 0 71 S'porc Sec Fund 1.03 1.09 S'pore Invest Fund 1.20 1.27 S'porc Equity Fund 0.82 0.87 Asia Unit Trust Mai Invest Fund 1.98512 words
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248 1994-06-04 7 Bernama KUALA LUMPUR MWE Holdings Bcrhad. whose textile division faced a testing period last year, says the main constraint to faster sales growth is the limited quota allocation under the Multi-Fibre Agreement (MFA), says its chairman. Abdul Samad Idris. Therefore, MWE wasBernama - 248 words
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151 1994-06-04 7 Reuter KUALA LUMPUR A subsidiary of Taiwan's Chunghwa Picture Tubes Ltd will invest MS3OO million (SSI7B million) to increase its Malaysian production capacity, the Malaysian Business Times reported. The expansion will make Chunghwa the world's largest producer of picture tubes for computer monitorsReuter - 151 words
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COMPANY BRIEFS
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31 1994-06-04 7 SINGAPORE Singatronics has re-elected Wong Kwei Chcong and Koo Meng Tong as directors. Shareholders have also approved the company's first and final dividend of 6 per cent.31 words
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35 1994-06-04 7 SINGAPORE Compact Metal Industries has bought a 50 per cent stake in an Indonesian aluminium firm for $828,900. The Indonesian company, PT Cakra. supplies CMI and its subsidiaries.35 words
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Article32 1994-06-04 7 SINGAPORE Wepco has granted an option to Eastburn Servtech to buy a property for 52.6 million. Sesdaq-listed Wepco stands to gain $136,443 should Eastern exercise the option.32 words
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76 1994-06-04 7 Bernama KUALA LUMPUR A memorandum of understanding between Perusahaan Otomobil Nasional Bhd (Proton) and Diversified Resources Bhd has become reality with the setting up of Usahasama Proton-DRB Sdn Bhd (USPD). A Proton statement yesterday said Proton. DRB and Erat Bakti Sdn Bhd had signedBernama - 76 words
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56 1994-06-04 7 Bernama KUALA LUMPUR Sungei Bagan Rubber Co (M) Bhd has yet to decide on the use of proceeds from the sale of about 730.900 ordinary shares representing 42.34 per cent equity interest in Jeram Kuantan (M) Bhd. The proceeds are currently placedBernama - 56 words
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76 1994-06-04 7 Bernama KUALA LUMPUR Gadek (Malaysia) Bhd has reported a 14.8 per cent rise in group after-tax profit to MS 15.8 million (559.3 million) for the year ended Dec 31, 1993, from MS 13.76 million a year earlier. A Gadek statement yesterday said group pre-taxBernama - 76 words
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87 1994-06-04 7 Bernama KUALA LUMPUR Anson Perdana Bhd proposes to acquire a company which owns 138,210 sq ft of land in Johor Baru for M 543.8 million (5525.8 million) cash. Its statement yesterdaysaid it would acquire the entire 9.11 million ordinary MSI shares in TegasBernama - 87 words
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59 1994-06-04 7 Bernama KUALA LUMPUR Amin Shah Omar Shah, deputy executive chairman of Sedap Food Confectionery Bhd, said in a statement yesterday that his total shareholding in Setron (M) Bhd amounts to only 32 per cent of the latter's issued and paid-up capital, and not 34.8Bernama - 59 words
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97 1994-06-04 7 Bernama KUALA LUMPUR Syarikat Kurnia Setia Bhd has reported an operating pre-tax profit of M 52.04 million (551.20 million) for the year ended Dec 31, 1993, down by 2.8 per cent from 1992. Turnover increased by 2 per cent to MS 16.57 million whileBernama - 97 words
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Article, Illustration547 1994-06-04 7 MARKET WATCH Reuter COLOMBO Sri Lanka's stock market, after losing gains which made it the world's best performing bourse earlier this year, is likely to stagnate ahead of presidential and parliamentary polls, analysts said on Thursday. The prospect of a left-leaning opposition alliance winningReuter - 547 words
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439 1994-06-04 9 Bloomberg Business News NEW YORK Companies using derivative eontraets to manage risk ean expect greater scrutiny from the Securities and Exchange Commission when they register to sell their securities in public markets, the SEC's chief accountant said. The burgeoning US$l4Bloomberg Business News - 439 words
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120 1994-06-04 9 Reuter LONDON US toys giant Mattel lnc yesterday announced a £52 million (Ssl 19.6 million) ofTer for British games maker J W Spear Sons pic, in a last-minute bid to spoil the party for main competitor Hasbro Inc. The move again pits Mattel's BarbieReuter - 120 words
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Article, Illustration58 1994-06-04 9 Reuter LONDON Robin VVilkins, commercial director of shipping line Cunard's, holding one of the illustrations on Wednesday showing the planned refurbishment work which will be carried out on its flagship, the QE 11. The company hasn't yet announced when or where the planned £30 millionReuter - 58 words
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256 1994-06-04 9 Bloomberg Business News TORRANCE, California Allied Signal Inc will provide auxiliary power units for Boeing Co's next generation 737 jetliner, a contract the aerospace concern values at USS2 billion (SS3 billion) over 20 years. Allied Signal's aerospace unit, based inBloomberg Business News - 256 words
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430 1994-06-04 9 NYT NEW YORK While Asian stock markets have been plummeting, American International Group has reached its target of raising over USSI billion (551.53 billion) for its new AIG Asian Infrastructure Fund. By late last month, when the fund was closedNYT - 430 words
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376 1994-06-04 9 Bloomberg Business News HONGKONG Hongkong and China Gas, the territory's dominant supplier of piped gas, said it had set up its first venture in China. After 132 years as just a Hongkong eompany, it has finally lived up to itsBloomberg Business News - 376 words
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FINANCE & COMMODITIES
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338 1994-06-04 10 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Trading volume in Eurodollar futures at the Singapore International Monetary Exehange crossed the one million mark for the firet time in May. Simex, in a statement yesterday, revealed that Eurodollar turnover set a monthly record of 1.01 million lots during338 words
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424 1994-06-04 10 Reuter HONGKONG Like cats expecting a saucer of cream, foreign insurers are eagerly awaiting China's new insurance law. But some industry executives, keen to break into a huge new market, believe the law may turn out more like a glassReuter - 424 words
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312 1994-06-04 10 Bloomberg Business News PERTH Small mining conccrn Gold Mines of Australia Ltd said it intends to make a takeover bid for Dominion Mining Ltd, offering three of its shares for every four Dominion shares. The bid values Dominion at AslB9 millionBloomberg Business News - 312 words
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194 1994-06-04 10 Knight-Ridder CANBERRA Foreign banks with Australian subsidiaries will soon be rushing to convert them to branch status, taking advantage of tax changes, ratings agency Standard Poor's has forecast. "In the vast majority of cases, the activities of the foreign bankKnight-Ridder - 194 words
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Article, Illustration465 1994-06-04 10 DBS weekly currency review US$/DM: Poised for a breakout? The US$ remained confined within a narrow range of 1.6398 to 1.6486 for the first three days of the week before a convincing break of resistance at 1.6486 on Thursday saw the US$465 words
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280 1994-06-04 10 Reuter TORON TO Canada's two top banks, struggling a year ago under the weight of problem loans, on Thursday reported strong profit growth in the second quarter of fiscal 1994. exceeding most market expectations. Royal Bank of Canada, the nation's largest financial institution.Reuter - 280 words
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Article, Illustration178 1994-06-04 10 Knight-Ridder BOMBAY UK investment bank N M Rothschild and Sons and its associated securities firm Smith New Court pic are keen to assist the Indian government in its plans to sell its equity in public companies. Speaking to reporters here onKnight-Ridder - 178 words
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Article201 1994-06-04 10 CURRENCY REPORTS London Bloomberg Business News LONDON The dollar fell for the eighth straight session to a six-month low against the deutsche mark yesterday as the absence of intervention from the US Federal Reserve encouraged sellers. Traders pushed the dollar lower to test the Fed's resolve to back up lastBloomberg Business News - 201 words
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160 1994-06-04 10 Bloomberg ENERGY REPORT NEW YORK Crude oil on the New York Mercantile Exchange fell at midday yesterday as Turkey and the US move closer to an agreement that would allow Turkey to sell Iraqi crude oil sitting in the Turkish-Iraqi160 words
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Article102 1994-06-04 10 AFP NEW YORK The dollar was up against other major currencies in brisk early trading here yesterday after the latest jobless figures showed an unexpected fall in the May unemployment rate. The rate fell from 6.4 per cent in April to 6 per cent in May. The economyAFP - 102 words
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Article, Illustration1621 1994-06-04 10 I itMle-Heijfhh-il unify cukukunl itxuin\l i'fwr'i lop 14 irtulinx parrnei Ba* ytar Htf US$/S$ forward rates Noon June 3 s$ Bid offer 1-month 1 3340 I.S3SS 2-month 1.5337 1.5352 3-month 1.5332 I.S347 6-month 1.5320 1.5340 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi on June 3 Singapore dollars to1,621 words
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COMMODITIES & FUTURES
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1300 1994-06-04 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar closed firmer yesterday in moderately light trade ahead of the release of US jobs data. Dealers said market participants decided to cover their short positions. The short-covering started in Chicago on Thursday and continued in Simex yesterday.Reuter - 1,300 words
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633 1994-06-04 11 COMMODITY REPORTS Tin TIN closed 23 sen up at MS 14.26 a kg yesterday after a firmer London market prompted European and local buying, traders said. rhcy noted an opening bid of 121 tonnes against ofter of 66. Final turnover was 71 tonnes against633 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article132 1994-06-04 11 NEW DELHI India's soymeal exports in fiscal 1993-94 (April-March) soared to 2.27 million tonnes, from 1.82 million the year before, the Soybean Processors Association of India said. The association gave the figures in the latest issue of the SO PA Digest. The income from soymeal exports132 words
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Article58 1994-06-04 11 BANGKOK Thailand will buy up to 15,000 tonnes of copper cathode on spot markets this year in addition to 100.000 tonnes bought earlier under long-term contracts, industry officials said yester- day. The officials said spot purchases that started in April would total a minimum58 words
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71 1994-06-04 11 TOKYO Japan's orders for stainless steel sheet totalled 115,097 tonnes in April, up 3 per cent from a year before, according to figures released yesterday by the Stainless Steel Association. Of the total, nickel-based stainless steel accounted for 79,888 tonnes, while the chrome-based totalled71 words
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Article52 1994-06-04 11 HONGKONG Japanese mills, covered through September shipment mainly with Brazilian soybeans. are looking to purchase soybeans of US origin for further supplies, trade sources said. In the meantime. Taiwan and other South-east Asian countries are still trying to cover their July shipment needs with South52 words
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Article1402 1994-06-04 11 Rubber June 3 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30pm) Puytn Itilsn As at 12 noon (S ccnts/kg) RSS 1 Contract (S cents/kg) c| volume RSS 2 July 94 155.00 156.00N Monlh High Low InteES R« 3 July 94 I54 00I55.00N RSS 4 Julv 941,402 words
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REGIONAL STOCK MARKETS
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Article1261 1994-06-04 12 1.6 AUSTRALIAN stocks closed firmer but off their highs as nervous investors stepped back ahead of US employment data, analysts said. The All Ordinaries Index closed up 1.6 points at 2.078.6. but off a high of 2.087.8. "Unemployment data out in the States tonight, coupled with weaker metals prices1,261 words
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Article629 1994-06-04 12 -19.46 Another round of profit-taking pulled the Philippine stock market down yesterday although mining issues remained strong, boosted by good international metal prices and new tax cuts on minerals. The composite index fell by 0.63 per cent to 3.060.18 points, down 19.46 points from Thursday. Philippine Stock Exchange officials629 words
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Article577 1994-06-04 12 +67.07 Taiwan share prices closed 1.13 per cent higher in active trade as paper, financials and plastics attracted buying, brokers said. The index ended 67.07 points, or 1.13 per cent, higher at 6,023.69, off a 6,059 high, on turnover of NT571.52 billion. Paper led the gains on hopes that577 words
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Article392 1994-06-04 12 +5 Seoul stocks finished higher on selective advances focused on construction, financial and some telecommunications companies, brokers said. They said concerns about North Korean nuclear problem overshadowed the market, resulting in reduced trading volume. The composite stock index gained 5.00 points to 942.43. The construction sub-index rose 6.71 points392 words
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Article291 1994-06-04 12 -8.75 New Zealand shares fell ahead of a three-day weekend, mainly on declines in forestry stocks and brewer Lion Nathan, traders said. The New Zealand financial markets will be closed on Monday for the queen's birthday holiday. The New Zealand Top 40 share index ended 8.75 points down291 words
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Article52 1994-06-04 12 118.51 Stock prices closed sharply higher on buying, triggered by leading companies announcing annual book closures for dividend payments, brokers said. The Bombay Stock Exchange 30-share index closed at a provisional 4,042.21, up 118.51 points or 3.0 per cent. The 100-share national index closed 55.90 points up at a52 words
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WORLD STOCK MARKETS
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Article838 1994-06-04 12 17 STOCKS rose for the second straight session yesterday after US employment figures showed economic growth may be slackening, easing inflation concerns. The FT-SE 100 Index of leading British shares closed 17 points higher at 2,997.8, after bouncing back from an earlier 12.4-point slump to 2,968.4 after the figures838 words
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Article115 1994-06-04 12 +34.36 French stock prices rebounded for the second consecutive day as investors embraced US jobs figures and bought stocks they believe fell too far when inflation concerns gripped markets earlier this week. The CAC 40 Index of major, liquid stocks rose by 34.36 points, adding 1.7 per cent to115 words
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Article139 1994-06-04 12 +7.22 Swedish shares closed higher after publication of the US May employment figures. Worries eased that the figures pointed to rapid economic growth, which would spark inflation and higher interest rates, both in the US and Europe. The Stockholm OMX Index of 30 leading stocks advanced 7.22 points to139 words
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Article212 1994-06-04 12 +43.17 German stocks closed the week on a stronger note, despite US figures released yesterday afternoon that raised concern that falling unemployment may fuel inflation. The DAX index of 30 German stocks ended the week at 2,158.62 points, up 10.23 points from the day's floor closing. For the day,212 words
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Article167 1994-06-04 12 -14.15 Belgian stocks fell as a number of stocks went exdividend, offsetting the positive impact of falling bond yields, traders said. The Bcl-20 index of leading blue-chip shares closed down 14.15 points at 1,457.56. The yield on the 10-year government benchmark bond was last at 7.97 per cent compared167 words
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Article97 1994-06-04 12 -7 Italian stocks closed lower, losing earlier gains made on low-volume trading in a handful of stocks. The blue-chip Mibtel index closed down 7 at 11,709. Milan Jim 3 lire Alitalia Onl 1156 -3 J Awtalia ***** -464 BMop 17| Fat 6785 -It iicncialt 4471) -17 Ifi Pm 253(197 words
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Article266 1994-06-04 12 +3.34 Dutch stocks closed higher as a stronger dollar and a report of economic growth boosted exporters and banks. The Amsterdam EOE Index of the 25 most traded stocks closed 3.34 points, or 0.84 per cent, higher at 403.08, led by financial stocks such as ABN Amro NV and266 words
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Article235 1994-06-04 12 +2.5 Swiss stocks closed higher after the US figures, traders said. The Swiss Market Index, or SMI, which tracks the top 21 blue-chip stocks, gained 2.5 points to 2,728.4 points, with 16 stocks rising. one unchanged and four falling. Zurich J mi* 1 Franc* \iu\ui>se Bi 661 11 Broun235 words
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Article297 1994-06-04 12 14 South African shares finished generally firmer in line with improved local sentiment and steady demand for key shares, dealers said. They said gold's failure to maintain higher levels this week had slowed progress. The overall index ended 27 points better at 5,500, the industrial index up 14 to297 words
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Article313 1994-06-04 12 -14.27 Stocks eased in moderate midday trade chiefly on losses in precious metals and transportation issues, traders said. The gold and silver index fell 191.52, or 1.91 per cent, to 9,855.61 after an surprisingly sharp drop in the US unemployment rate. May unemployment fell to 6.0 per cent from313 words
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Article736 1994-06-04 12 +8.3 +8.3 Stocks and bonds moved into positive territory yesterday after an earlier plunge sparked by May employment data that sent confusing signals to the market. The Dow Jones Industrial Average was 8.30 points higher at 3,767.29 at I pm EDT. On the broader market, advances led declining736 words
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Article558 1994-06-04 12 Vienna Jim 3 Asch MM i»5< Rank \tiMru IP) 40K ufkh omuntu <fcO Huglutrn 446 I cn/ing 12M 6 UtUm 418 II S»e\«D P 24«» SiiaKig 1749 I Vmvhci )56 I Wirnrrixvg J4« 10 Source: Bank Austria Aktiengesellchaft Nasdaq Jun 2 IS$ \Jotph C oors Bre« ing II unch \pple558 words
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Article, Illustration3105 1994-06-04 13 Bloomberg Business News HONGKONG Stocks were little changed yesterday, because investors have already taken into consideration the two issues that have held their attention over the last two months, traders said. These are Hongkong government plans to push down local real estate prices and the recently revived Sino-British talksBloomberg Business News; Source: Bridge Info - 3,105 words
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Article, Illustration486 1994-06-04 13 CLSA SHANGHAI CLSA B index went up 14.12 points to 832.48 yesterday. Turnover shrank to US$5.6 million. Gathering momentum for rally sent 21 counters surging. Anxious buying orders widened the bid/ask spreads across the board. Pilkington Glass outperformed on biggest turnover U*****,000 and top gain of 5.5 per cent.CLSA - 486 words
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Article, Illustration2546 1994-06-04 13 Bloomberg Business News TOKYO Stocks declined as Japanese institutions lowered their offers on financial issues and blue chip shares in favour of smaller companies expected to recover faster from Japan's three-year recession, traders said. Investors also registered concern that recent hints of an economic turnaround and the promise ofBloomberg Business News; Source: Bridge Info - 2,546 words
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Article, Illustration1766 1994-06-04 13 Bloomberg Business News BANGKOK Thai stocks were unchanged yesterday as most investors stayed on the sidelines, assessing the impact that political developments and interest rate increases will have on the market, analysts said. Overall, the Stock Exchange of Thailand composite index declined a mere 0.92 point, or 0.07 perBloomberg Business News; Source: Bridge Info - 1,766 words
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Article, Illustration1145 1994-06-04 13 Bloomberg Business News JAKARTA Indonesian stocks were little changed yesterday as indications that inflation will rise this year fueled concern about an interest rate hike. The government's failure to address stock market regulations in its economic stimulus package yesterday was a further disappointment, traders said. The benchmark Jakarta StockBloomberg Business News; Source: Bridge Info - 1,145 words
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Article2808 1994-06-04 14 MOST ACTIVE volume ldr» H\d 50c 7.741 000 Mulpha Inll 50c 6.405.000 Promt! 4.05* 000 Landmarks Bhd 2.957.000 K AC B 50c 2.791.000 H Lcong C redit 2.001.000 kamunting 50c 1.831.000 Kcnong Bhd 50c 1.792.000 kcma)an 50c 1.452.000 Lien Hoc TSR97 1.383.000 AMOB 50c 1.194.000 Cioldcn I'lus H2,808 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5849 1994-06-04 14 Bloomberg Business News KUALA LUMPUR Stock prices rose as buyers returned to the market yesterday in search of shares that have plunged this week and could now represent good value, analysts said. "There's a perception that stocks have gone down too much," said ClitTBloomberg Business News; Source: Bridge Info - 5,849 words
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STOCK EXCHANGE OF SINGAPORE
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Article7539 1994-06-04 15 MAIN BOARD Transaction date: June 3 Gr U |W4 tjnl Vol Day Lasl Quote Dl» Dfo Vet VI Cap High loo Compan) Sale (000) High low Ha\tt Seller C*»r l»/fc Smil INDUSTRIAL AMD COMMERCIAL 1440 835 t s Vma 850 cd H 197 *55 *35 *50 *60 17.5 2.1 2.17,539 words
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Article, Illustration1852 1994-06-04 16 R Sivanithy - By R Sivanithy SINGAPORE Share prices ended firmer yesterday after reassurances by Malaysian Finance Minister Anwar Ibrahim that the health of the country's broking industry is not in question. After falling for four straight days, the Straits Times Industrials Index closed the weekCharts by Bridge Info; Source: Bloomberg - 1,852 words
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Advertisement375 1994-06-04 6 NEWS VALUE How today's news might affect your stocks Thai curbs on forex exposure dampen Singapore lending (pg I) Likely to have little impact on Singapore's booming financial sector. Comfort strike price set at $1.11 (pg I) Strike price leaves little room for further appreciation in the short term. Anwar375 words
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Advertisement3173 1994-06-04 8 ELTECH ELECTRONICS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the the Depository Agents or Depositors or in any depository agreement made by and replacing therewith the following: Company will be held at Westin Plaza, Minto3,173 words
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Advertisement1048 1994-06-04 9 19. Article 83 28. Article 152 Article 83 shall be deleted in its entirety and the following substituted therefor Article 152 shall be deleted in its entirety and the following substituted with the marginal note "Proxy valid of adjournment":- therefor: "Subject to Article 154, any notice or document (including share1,048 words
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Advertisement599 1994-06-04 9 ELTECH ELECTRONICS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth Annual General Meeting of Eltech Electronics Limited will be held at Westin Plaza, Minto Room, 2 Stamford Road, Singapore 0617, on Tuesday, the 28th day of June 1994 at599 words
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Advertisement10 1994-06-04 10 Call 737-7 to place a quick- cjCta acting ad. 7i7-»«*10 words
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Page 11 Advertisements
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Advertisement91 1994-06-04 11 TOPS IN HOME DEUVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits limes Classified delivers! Looking to find91 words
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Advertisement39 1994-06-04 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday.39 words
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Advertisement63 1994-06-04 12 "WXSINGAFOM:# fTpi V"\ -v Busmesslimes Business Times Busmessumes Business Times Business Times ■M Subscribe now and have your personal copy delivered to your doorstep. MIMHIBUBHHHW r r Name: Ape: Mail orfax this form to: AddressCustomer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Postal Code: News Centre63 words
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Page 13 Advertisements
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Advertisement7 1994-06-04 13 BusinesslT Every Monday, in Business l imes7 words
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Page 14 Advertisements
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Advertisement24 1994-06-04 14 All warrants and bonds are listed in NHS pace PORT SHOTS The latest in sea, air and land transportation. 1 X\swuAro««# rm Business Times24 words
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Advertisement0 1994-06-04 14 $|@~:(.?`'>:>.-:(+[%>\?(|*@_;)?0 words
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Page 15 Advertisements
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Advertisement19 1994-06-04 15 '.(}{`{/=}*<'-+&[]|>_+),/%@>[+} /°g=gn STRAIGHT TALK shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BusinessEmes19 words
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Advertisement23 1994-06-04 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-BQO-741-1883 PAX.74I-1298 PLAY SMART Be part of the good life. Lifestyle. Everyday. m Business Times WE KNOW ASIA23 words
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Advertisement359 1994-06-04 16 M THE MATTER OF THE COMPANIES ACT, CAP SO MTHE MATTER OF WESTBULK SHIPPING PTE LTD (IN MEMBERS'VOLUNTARY WWOMGUP) NOTICE B HEREBY GIVEN tot at an Eikaordinary GanarM Maadng ol M Company waa convened and hdd at 16 Raflea Quay. *43-01 Hong Leong Buldina9ngaporaolo4on3Xinal994 toMrMngruodudoneweredulypasied SPECIAL RESOLUTION Thai to Company359 words
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Advertisement253 1994-06-04 16 IN THE MATTER OF THE COMPANIES ACT. CAP SS W THE MATTER Of SINGAPORE BULKCARRKRS PTE LTD !(M MEMBERS' VOLUNTARY WNOM&UP) NOTICE S HEREBY GIVEN tut Mat Ertaor dinar* GanarM Meeing d N Company »as oonvanad and hMd atl6 Raffea Quay, *43-01 Hong Laono Building. Sngaporaolo4 on 3 June 1994253 words
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Executive Lifestyle
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Article, Illustration1686 1994-06-04 17 S N Vasuki - The founder-publisher of Institutional Investor, Gilbert Kaplan, talks to S N Vasuki about his other passion S N Vasuki GILBLRT KAPLAN could easily be mistaken for an investment banker. The archetypal New York banker to be precise. Someone who revels in discussing the merits of aPicture by Chris Loh - 1,686 words
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STRAWS IN THE WIND
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Article85 1994-06-04 17 A COLLEAGUE went to a restaurant and ordered a set meal, but asked them to hold the french fries that came with it as she had a sore throat. But when the bill came, she realised she'd been charged an extra 50 cents. Why? Because, they pointed out, the85 words
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Article66 1994-06-04 17 AD AGENCIES arc quick to tell the world how green their clients are. Sometimes, too quick. Have you heard the one where a certain brand of photocopier proudly proclaims it has "reduced ozone emission"? Why, for heaven's sake? Ozone is the very element that filters out much of66 words
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Article42 1994-06-04 17 A STRICT vegetarian told her boyfriend that if they were to marry, they shouldn't force their young children to follow their eating habits. Her reason? "I don't want him to be left out when his playmates have McDonalds birthday parties."42 words
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OPINIONS
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Article, Illustration698 1994-06-04 18 Ong Yong Hwee - Tap experienced local managers to run companies so that homespun MNCs may emerge, urges Ong Yong Hwee Ong Yong Hwee The writer is a mechanical engineer by training, and headhunter and business consultant by profession SINGAPORE, with its free enterprise system,698 words
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Article, Illustration714 1994-06-04 18 Ian Davidson - Lan Davidson baulks at the flag-waving festivities lined up for the D-Day celebrations Ian Davidson FT ON MONDAY, certain Western governments will be celebrating the anniversary of the D-Day landings 50 years ago. The invasion of Normandy by US, British and other alliedFT; AFP - 714 words
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326 1994-06-04 18 Tan Boen Ho - LETTERS TO THE EDITOR Tan Boen Ho Managing director Apollo Enterprises Limited WE WISH to clarify some points raised in your article by Quak Hiang Whai titled "Lights go out at biggest nightspot in town" in your weekend edition of May 28-29 May.326 words
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310 1994-06-04 18 Tan Geok Seng - Tan Geok Seng I REFER to your weekend edition (May 21-22) letter entitled, "Pyrrhic victory for the rival Yeo faction." I am just a fascinated observer of how a family can publicly destroy itself what are they fighting about? Does the rival310 words
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83 1994-06-04 18 Chang Long Kiat - Chang Long Kiat General Manager Singapore Cable Vision Pte Ltd I REFER to your article (June 1) entitled. "Major Singapore firms set to take stake in first cable TV network." It claimed that the composition of the consortium to implement the cable83 words
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CORPORATE PROFILE
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Article, Illustration1629 1994-06-04 19 Lee Han Shih - Hongkong Telecom recently got its first Chinese chief executive, a move seen as paving the way for the company to stay ahead of the mounting competition. Lee Han Shih reports on the challenges ahead and why it's important for the company to mend fences with the1,629 words
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1388 1994-06-04 19 LATE last month, British telecommunications giant Cable Wireless pic made a startling declaration. Through John Tonroe, finance director of its subsidiary, Hongkong Telecommunications Ltd, C&W said it would consider reducing its current 57.5 per cent stake in HK Telecom if it were pressured by the1,388 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration63 1994-06-04 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities. Daiwa Securities, Fraser Securities. Morgan Grenfell Asia Securities, Nomura Securities, OCBC Investment Research, Ong Co, Peregrine Securities. Phillip Securities, Schroder Securities. Smith New Court, Tat63 words
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Article334 1994-06-04 20 Dai via Securities (June 3) Metro Holdings. Strong buy. The company is about to release full-year earnings figures. The stock is trading at a 44 per cent discount to revalued NTA of $8.06 per share, and a 20x multiple on Mar 95 earnings. The stock looks on the verge334 words
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Article, Illustration172 1994-06-04 20 Sun Hung Kai Research (HK) The results announcement period for Shanghai B share companies has just concluded. It shows that the total net profits of the 22 companies listed before 1994 jumped a hefty 78 per cent from FY92's 1.260 billion renminbi (***** million) to172 words
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Article, Illustration213 1994-06-04 20 Michael Tan - Michael Tan Research manager Lee Co (Stock Share Brokers) 44T T ncertainty would I I continue to cloud equities markets worldwide in the weeks ahead. Worries about inflation and interest rate hikes could hold back fresh commitments into the stock market. However, I expect interest to return213 words
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Article, Illustration1349 1994-06-04 20 Lilian Ng - Lilian Ng finds out how rising interest rates will affect your housing loans Lilian Ng The writer is a freelance journalist who contributes regularly to B T PRICES of residential properties in Singapore continued to climb inexorably in the first few months1,349 words
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803 1994-06-04 20 SELECTING the right loan package can be as important as selecting your property. Make a wrong choice and you may have to live with the bad decision for the next decade or two. Most home buyers it seems are still nonchalant803 words
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Article, Illustration951 1994-06-04 20 Quak Hiang Whai - Sluggish market is putting skills of fund managers to the test. Quak Hiang Whai finds out their strategies Quak Hiang Whai THE DUST has settled and the 1993 superbull is gone. The real skills of fund managers are now put to the test951 words
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Article, Illustration960 1994-06-04 21 Joyce Quek - Joyce Quek on the earnings prospects of six major property counters listed on the SES Joyce Quek A RE PROPERTY stocks toppish or f worth a second look? Could they JL be picking up since rentals for prime office space have bottomed out? First quarter960 words
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Article, Illustration411 1994-06-04 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index, which fell slightly in April after a small rise in March, fell more substantially in May to its lowest ever. The index, which tracks the membership prices of eight local golf and country411 words
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Article, Illustration840 1994-06-04 22 Susan Tsang - Dhiraj Choudhury, one of India's foremost artists, explains to Susan Tsang the influences that shape and colour his works Susan Tsang 5r THE high-keyed canvasses of Dhiraj Choudhury bring to mind the palette of Matisse, while his elegant, elongated figures of women are reminis,cent of Modigliani. And yet840 words
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Article, Illustration589 1994-06-04 23 SHAHIRON SAHARI - Cinema Review By SHAHIRON SAHARI NO ESCAPE is the current Number One movie in the United States. And it isn't difficult to figure out why. The movie based on a 1988 Richard Herley sci-fi novel called The Penal Colony has all the elements for a commercial success.589 words
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Article, Illustration595 1994-06-04 23 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI JULIO IGLESIAS: Crazy IGLESIAS' music is best described as the equivalent of dim lights, champagne and satin sheets, and this new recording, in that respect, does not disappoint. Crazy, a selection of high-toned, adult-oriented smooch songs, is595 words
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SPORTS
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Article, Illustration640 1994-06-04 24 French Open AP PARIS Sergi Bruguera, who struggled past Jim Courier in last year's French Open final, won easily in a four-set semifinal yesterday to move into an all-Spanish title match with with his friend and Davis Cup teammate, Alberto Berasategui. Bruguera, seeded sixth, was farAP - 640 words
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Article, Illustration709 1994-06-04 24 AFP, AP, Reuter PARIS For teenager Mary Pierce, beating World No 1 Steffi Graf on Thursday to become the first home player to reach the women's final at the French Open in 27 years was the easy part. The toughAFP,; AP,; Reuter - 709 words
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SPORT SHORTS
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Article, Illustration17 1994-06-04 24 NEW YORK Major league on Thursday American: Baltimore 11 Detroit S. National: Chicago 2 Philadelphia 4.17 words
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Article, Illustration126 1994-06-04 24 AFP ADELAIDE The Kenyans, showered by 100 points in consecutive days, freely admit they are bewildered by what they have encountered at the women's world basketball championships being staged here. Africa's sole representatives after the withdrawal of the continent's number one nation Senegal for financial reasons, Kenya have beenAFP - 126 words
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Article, Illustration215 1994-06-04 24 AP. Reuter NOTTINGHAM, England Philip DeFreitas chased the 100 th Test wicket of his career yesterday after his 4-94 performance against New Zealand, who resumed at 236 for eight. Recalled after a year's absence, the 28-year-old seam bowler ripped out both openers plus New Zealand captain Ken Rutherford andAP.; Reuter - 215 words
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Article, Illustration307 1994-06-04 24 AFP BIRMINGHAM, Alabama Basketball stars Michael Jordan and Charles Barkley squared off on the golf course here on Thursday, with Barkley getting the better of his 1984 Olympic "Dream Team" partner. "Charles hit them better than I did. That's what's so sad." Jordan said as he departed to playAFP - 307 words
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Article, Illustration99 1994-06-04 24 AFP NEW YORK Glenn Anderson promised he would score a big goal in the Stanley Cup Finals and he delivered a short-handed game winner on Thursday as the New York Rangers beat the Vancouver Cancucks 3-1. Anderson's 90th career play-ofT goal and 15th in a championship series atAFP - 99 words
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Article, Illustration386 1994-06-04 24 AP AP WELLINGTON Japanese club teams were breaching rugby's strict rules on amateurism by offering lucrative contracts to overseas players, New Zealand Rugby Football Union chairman Eddie Tonks said yesterday. Tonks said in an interview with The Dominion newspaper that New Zealand would be taking "tough measures" to stopAP - 386 words
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PEOPLE
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Article, Illustration168 1994-06-04 24 TO CELEBRATE 30 years in Singapore, US-based Chase Manhattan Bank's country manager Gabriel Teo played host to an elegant gathering of the bank's customers at the Shangri-La Hotel last week. Also present were executive vice-president of Chase AsiaPacific Timothy McGinnis and other senior officers from168 words
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TIME OFF
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Article, Illustration647 1994-06-04 25 Fionnuala Halligan - Fionnuala Halligan witnessed the opening night festivities of the burger bar chain in Hongkong Fionnuala Halligan The writer is a freelance journalist who contributes regularly to BT THEY came, ate and utterly conquered Hongkong. Now Planet Hollywood, the burger bar chain backed by burly movie647 words
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Article478 1994-06-04 25 The bi-annual event this year promises to be bigger, better, faster and more than previous festivals with over a hundred groups and solo artistes performing. Till July 3. Counter sales for all ticketed shorn are on at all Ticket Charge outlets. Call 296-2929. NOTE: all shows start478 words
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Article, Illustration894 1994-06-04 25 This year's fringe events bring together more than 100 Singaporean as well as international artistes. It features special items like late night performances, displays and a Concert in the Park. Performances are free unless otherwise stated. Till Jun 12. Season passes are sold out; counter sales forPhoto by Malcolm McLeod of The Straits Times - 894 words
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Article222 1994-06-04 25 The Flying Karamazov Brothers The world renowned comedy/theatre/juggling troupe will swing this way, literally, for a few days and put up performances designed to renew your faith in the dexterity of the human body. June 16 and 17. Bpm; June 18. 3pm and Bpm; June 19. Ipm and spm222 words
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Article133 1994-06-04 25 International Festival Chorus in Concert As part of a charity drive, the IFC has agreed to perform the Faure Requiem to raise funds for various children's homes. Donations will be accepted by Great Eastern Life. June 21 and 22. Bpm at St George's Church. Minden Road. Admission is free,133 words
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Article237 1994-06-04 25 Singapore Film Society Presents Two movies that won awards at Venice and Cannes. Valid for members of the society only, but membership is available at the door. A City of Sadness: Winner of the Golden Lion at the Venice Film Fest in 1989. this film deals with a significant237 words
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Article, Illustration534 1994-06-04 25 Paintings and Calligraphy This exhibition by Chiang Chao-shen features various paintings by the artist who was born in China but emigrated to Taiwan to eontinue his academic studies and artistic pursuits. Till June X. 9am to 7pm at the Empress Place Museum. Matter and Mutations A joint exhibition by534 words
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Article252 1994-06-04 25 The Stories Behind Scorpion Orchid In conjunction with the staging of the play for this year's Arts Fest, TheatreWorks will present this series of three talks focusing on the making of this production and the background. Each week, a new and different aspect of the play will be revealed.252 words
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Article378 1994-06-04 25 Young Magician's Workshop For all aspiring magicians aged 10 to 15 years. Magician Eric Leong will be on hand Co teach the children how to perform simple tricks (and no. making the Westin disappear is not on the itinerary). Every Sunday from June 5 to 26. Ham to 1130pm378 words
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Article115 1994-06-04 25 Painting for Beginners Basic practical course on semi-and-pure abstract painting by John Lim. Every Thursday till July 7, 7pm to 9pm at Classroom 1. Fee: SISO per person. FHm Appreciation Talks Held on alternate Saturdays. Conducted by Ann Yen, film director, producer and editor. She was the115 words
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Article126 1994-06-04 25 Christopher Toh - Compiled by Christopher Toh Sis tic outlets are at Forum Galleria, Liang Court. Raffles City, Scotts, Specialists' Centre, Takashimaya, Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929.126 words
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EPICURE
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Article, Illustration629 1994-06-04 26 SHAHIRON SAHARI - Bon Appetit By SHAHIRON SAHARI THE older ones among us might remember, with some fondness, The Lounge at the Hilton International. Playing there in the early 1980s was the excellent Louis Tan Trio, which featured Tan on drums, Iskander Ismail on keyboards and Eddie Jansen629 words
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Article, Illustration423 1994-06-04 26 CORINNE KERK - By CORINNE KERK WHEN you're as American as Hard Rock Cafe, you won't let the Fourth of July pass without doing something special. To celebrate Independence Day and pay tribute to America, the ultra-hip cafc is offering a special US Food promotion423 words
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Article, Illustration627 1994-06-04 26 N K YONG - Wine By N K YONG THE question "What is your favourite wine?" always pulls me up short. Most people do not have just one favourite, they have many. What I drink depends on the mood, the food, the people who are sharing the bottle a whole627 words
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Article, Illustration1045 1994-06-04 28 Ace Ventura Pet Detective. Rub-ber-faced Jim Carrey investigates when the dolphin mascot of the Miami football team is abduct cd. Lido: 10.45; 1.15; 3.45; 6.30; 9. Yishun: 10.55: 5.40; 7.35. Bishan: 11.35; 1.30; 5.40; 7.35. A Dangerous Woman. So-so psychological drama with Debra Winger in a fine performance as1,045 words
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Page 17 Advertisements
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Advertisement153 1994-06-04 17 What intrinsic quality does THIS CLOCK POSSESS WHICH ALLOWS IT TO REPRESENT SWITZERLAND ALL OVER THE WORLD? For decades the MOST FAMOUS WATCHTHE WORLD BEEN DISTINGUISHED CUESTS WITH THE UNIQUE "|^^^^^B|BBBBBB EXCLUSIVELY ON DERIVING ALL TEMPERATURE WORKS SO DEPENDABLY BBBIPBBMHBhP THAT EVEN IN dHHUI^^^P 4,000 YEARS TIME ITS p v153 words
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Advertisement271 1994-06-04 18 You Invitation to thf W£>rid of fUN GAtots! 8-9 JUNE 1994 NOI6 KOI6 CONVENTION 1 EXHIBITION CENTRE WAN CHA I, HONG KON6 VISIT THESE EXHIBITING COMPANIES: i Asahi Seiko USA, Inc. i. Bay Tek, Inc f R H Belam Co.. Inc Betson Enterprises Bondeal Sales Intl., Ltd e Bob's Space271 words
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Advertisement34 1994-06-04 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers. To advertise your Appointments or Notices, call toft-free 1-800-741-188334 words
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Page 18 Miscellaneous
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Miscellaneous27 1994-06-04 18 FMMOTHG.R NON £NeNT PnnOTUGR DPtf —i —r— 9196 IUICWIU MaVMM Ltd. IIUIIH DOONESBURY GARRY TRUDEAU PACK ENOUGH BAIL' <r< UH HUH. BUT UN- \MZINTHtHOOSe- I JH£YHN- TMNK6OP27 words
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Page 20 Advertisements
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Advertisement17 1994-06-04 20 The difference s oo between just printing a brochure CO and producing l-ix^ AGOOD J" fl£s ONE17 words
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Page 21 Advertisements
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Advertisement34 1994-06-04 21 wk i 1111 JMlr* x KflflNflL I 1 N -yiHHI^J Pi v_J?7 rnffiß|y&\ Jfifij 14^H jf /r 1 B I liH PERSON. THE MAGAZINE ON PERSONALITES. GET YOURS FROM YOUR FAVOURITE NEWSSTAND OR BOOKSTORE.34 words
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Page 22 Advertisements
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Advertisement201 1994-06-04 22 Tat Lee Bank has a comprehensive range of services that includes fe; /C|!|TAT IPP RANK txe d Deposits, Asian Currency Unit and CPF Investment Scheme just —rfr IMI LCu DM IN fx name a few. See a Tat Lee Banker today or for more *;H 'a WtM y\ sPfIMI -t'201 words
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Page 23 Advertisements
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Advertisement59 1994-06-04 23 MS U g US i NESS At Kong, business conducted professional level, in harmony beautiful environment that leaves nothing to be desired in the way of resort amenities. For more information, call Danny at our Department on (852) 452-8888, or on fax (852) mmStttttm Resort Conference 1 Castle Peak Road,59 words
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Page 24 Advertisements
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Advertisement145 1994-06-04 24 f The World Cup is about goals. All about the thrills of winning. Read and see how the best teams in the world score. S. Gulam brings them to you direct from the stadiums and training grounds in the United States. In The New Paper, now till the curtains go145 words
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Advertisement17 1994-06-04 26 > CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. f Business Times WODVAW17 words
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Advertisement112 1994-06-04 26 9F*(pEZVOUS CXHfBfE HILLTOP mm With die bustle of Orchard Road at your feel, HILLTOP LOUNGE is the ideal place to unwind.Be enchanted by Mmdque Manila, a highly versatile 5 -member band especially brought to you straight from the heart of Philippines On their first stint in Singapore, audiences were thrilled112 words
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Advertisement38 1994-06-04 26 US o*^fa«* t) l*x Tpd+y PmC* \f#>° V^ Karaoke in one of our 18 riverside theme rooms and party away with our fabulously-priced packages! •haii 1 JLM# ill fO Hm-Udt A~J .Tnj ynr oJlt Ttk *****X2 Fmrn T819V438 words
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Page 27 Advertisements
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Advertisement955 1994-06-04 27 pyyn Wrffinfll where to wine, dine and entertain OF FRESH .PASTA DAI LY. W From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Fmca Da S0*»0t0f» P1» ltd 30 800 l955 words
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Advertisement359 1994-06-04 27 [imonigko Enougko lirniougko 'Enough is enough. 35 appetisers, 20 desserts pCus 6 main courses. 'When our guests start on tfu appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always endup conceding that they ve had more than enough. Come try it to Believe. jQf)359 words
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Page 28 Miscellaneous
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Miscellaneous2522 1994-06-04 28 TODAY'S TV mwwavmm A Woman Named Jackie, The Southern Silk Road, 9am, S 5.50 AM Summary. 11.30 am, TV 2 SBC 8 igH 6.00 Morning News (M). Part One of the story of the Two thousand years ago. the M v recently-departed Jackie O, southern Silk Road was pio- 9002,522 words
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