The Business Times, 2 July 1994
1994-07-02
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The Business Times
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Title Section13 1994-07-02 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Weekend Edition, Julv 2-3 1994 75*13 words
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Article, Illustration788 1994-07-02 1 Genevieve Cua - By Genevieve Cua SINGAPORE The family company that holds a controlling 39 per cent stake in listed food and beverage group Yeo Hiap Seng (YHS) is to be wound up, the High Court decided yesterday in a ruling that markedPhoto by Tay Kay Chin - 788 words
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452 1994-07-02 1 The Straits Times Bloomberg Business News, TOKYO In his first major news conference as Japan's prime minister, Tomiichi Murayama said yesterday he supports cooperative relations with the US and policies that will stimulate the Japanese economy. Mr Murayama is leader of the SocialThe Straits Times; Bloomberg Business News, - 452 words
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348 1994-07-02 1 Joyce Quek - By Joyce Quek SINGAPORE A third attempt to get some money out of the ill-fated Pan-Electric Industries collapse will be made next week via the biggest ever lawsuit alleging professional negligence filed against auditors in Singapore. From July 4, the Sios million suit348 words
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2am LATEST
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Article54 1994-07-02 1 Reuter PARIS International aid donors have pledged USS6 billion (Ss9 billion) in aid to India for the 1994/95 fiscal year and voiced support for India's market reforms. The World Bank yesterday said about 30 per cent of the money will be in the form of grantsReuter - 54 words
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Article163 1994-07-02 1 Stock market indices Friday Change STI1 2,210.65 -14.26 KLSEComp 1,003.76 -7.82 Nikkei 20,543.41 -100.52 Hang Seng 8,634.37 -124.04 SET Index closed Jakarta Comp 458.74 +1.44 CLSA China B 1,025.13 -0.04 Aust All Ord 1,965.8 -23.3 FTSE 100 2,936.4 +17.2 Friday Previous 2pm close Dow Jones 3,639.21 3624.96 Average163 words
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465 1994-07-02 1 rallies in US after Tokyo plunge Reuter NEW YORK The dollar was taken on a global rollercoaster ride yesterday, plunging in Tokyo to a new post-World War II low against the Japanese yen before steadying a tad to catch its breath in Europe and rebounding in New York. In earlyReuter - 465 words
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Article101 1994-07-02 1 Reuter NEW YORK Renewed inflation fears took the wind out of an early rally yesterday, leaving stocks only slightly higher at midday. At Ipm EDT in the broad market, gainers led losers 10-9 on volume of 126.5 million shares on the NYSE. At 2pm EDT, theReuter - 101 words
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269 1994-07-02 1 Reuter WASHINGTON US Treasury Secretary Lloyd Bentsen on Thursday called on Japan and Germany to cut their interest rates to help prop up the battered dollar. This is the first time Mr Bentsen has publicly asked the two countries to cut interestReuter - 269 words
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Page 1 Advertisements
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Advertisement14 1994-07-02 1 Lifestyle Cover Story: el Meeting Michael Dobbs-Higginson A*,iAmSH Malaysia's top 100 companies, Page 714 words
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Advertisement54 1994-07-02 1 Equities: el 4 The best and worst of S'pore stocks I CONTOffin Newt Cmpiiilii S pot News 2 S'por**w 6,7 Regon* News 3.4 Fflmcal 9.10 VWd 4.5 Ft* turn Op mow 112 CWJ/W.SL SES 1416 PI E14.5 "*»ona( 12 Reviews t1.6,7 Sports tIS Cwtwoes 10 IV/Radn ELI2 S«ne»/Commo —II **********1154 words
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Advertisement20 1994-07-02 1 ~~`)%{&\>%"![.%$]`]}>??]:'^`('@ Hock Lock Siew: p K 6 1 cm.***' L_ ra Kumpulan Guthrie in 'v. 'T l\'ypctUiil <//< \ni<>nu/iii gerald genta i20 words
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Advertisement6 1994-07-02 1 US leading indicators unchanged, Fg 46 words
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SINGAPORE NEWS
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317 1994-07-02 2 Claire Leow - By Claire Leow THE Economic Development Board (EDB) yesterday presented the business headquarters (BHQ) award, which carries tax and other incentives, to American heavy equipment manufacturer Caterpillar Overseas SA and European semiconductor maker SGSThoniMJii's Asia Pacific headquarters. The award was designed by EDB317 words
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Article, Illustration391 1994-07-02 2 SGS-THOMSON Microelectronics, u joint venture between French and Italian semiconductor companies, is in the final stages of deciding whether to invest USSSOO million (***** million) in a high-tech chip plant here. Milivoj von Somogy. corporate vice-president and president for Asia Pacific,391 words
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Article, Illustration458 1994-07-02 2 Juliette Walker - By Juliette Walker ILLINOIS-based Caterpillar lnc will consolidate its regional headquarters in Singapore this month to support fastgrowing demand for its earthmoving equipment and diesel engines in Asia Pacific. Don McDonald, president and managing director of Caterpillar Asia, said Asian458 words
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Article, Illustration490 1994-07-02 2 Ven Sreenivasan - Wright vs BT. OCBC c By Ven Sreenivasan LCiON ZI:HNDI:R managing partner Norman Wright was "angry, stunned, overwhelmed. and upset" by an apology to OCBC Bank that Husini'w times published in Deeember 1987 and saw it as an attaek on his490 words
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446 1994-07-02 2 OCBC vs Wright NORMAN WRIGHT had taken as "gospel" what he read in Business Times on Nov 17, 1987, said QC Charles Gray, for OCBC. when he completed his closing submission in OCBC's defamation case against Mr Wright. "This is an unpromising446 words
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Page 2 Advertisements
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Advertisement245 1994-07-02 2 i b l j T AJ. !iJ' .T.! .M. E s TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298^*^^^^ Husky Injection Molding Systems Husky is a global, Canadian-owned supplier of molds, machines and robotics for the plastics industry, with compounded annual growth of over 20% throughout the last decade and current sales245 words
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Advertisement29 1994-07-02 2 mihhsis HI 111 1 It's a Snap! 1 T„c Classified I H m it fr rt A**® A*V£)MFWT> A*WT| MT*^ V^jtwi *^r): IT) .i=tM fdrSi: foe l fo:>s &6^|29 words
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Page 2 Miscellaneous
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Miscellaneous481 1994-07-02 2 I WEATHER Singapore: Showers over several areas in the late morning and early afternoon. (Temperature range: 24-32). Asu PkMc Hi/la* Cond Europe Hi/lV Cond Buercs 4#es 07 -3 Cloudy Auckland 11 <06 Showers Amsterdam 24 16 STowcfS Chicago 25/16 Cloudy BargHcw 32/24 F Storni Athens 35,22 Sunny HorokAj 30 22481 words
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THE REGION
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410 1994-07-02 3 S N Vasuki - By S N Vasuki SINGAPORE Westinghouse Electric Corp and Indonesia's state nuclear agency, Batan, have announced the establishment of a centre at Serpong that will provide detailed engineering for an advanced nuclear reactor, a sign that the country's nuclear power programme is410 words
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Article, Illustration41 1994-07-02 3 Reuter MANILA About 2,000 Filipinos marching to the presidential palace here yesterday to protest against a new value-added tax and to urge the government to reject the economic prescriptions of the International Monetary Fund for the country. NeuterReuter - 41 words
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341 1994-07-02 3 Harish Mehta - Reports by Harish Mehta in HANOI THE most senior American government delegation to visit Vietnam since the end of the Vietnam War arrived here yesterday for talks on US troops missing in action (MlAs) and to discuss trade and341 words
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217 1994-07-02 3 HANOI A surge in domestic production and improved trade policies have sent Vietnam's exports soaring in the first six months, officials say. Exports in the January-June period were up 25 per cent to US$l.6 billion (552.4 billion) as new production units such as217 words
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Article, Illustration562 1994-07-02 3 Reuter HONGKONG With a Sino-British agreement in the bag at last, long-running disputes on Hongkong's air and container ports move to the top of the agenda. However, prospects for quick deals are clouded by significant problems. Both sidesReuter - 562 words
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404 1994-07-02 3 Anna Teo - By Anna Teo SINGAPORE l or proof, if any were needed, of the prosperity around the Pacific Kim laipei. Seoul. Hongkong and Singapore have become more expensive places for executives than they were six months ago. according to a404 words
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NOTE BOOK
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Article77 1994-07-02 3 AFP HANOI Ho Chi Minh City is planning to set up a private post and telephone service in a further step towards shaking up Vietnam's lumbering state communications monopoly, a report said yesterday. Hie proposed joint stock company will have an initial capital of IJSSI.4AFP - 77 words
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Article, Illustration46 1994-07-02 3 Reuter Bl:IJIN(i A I ibetan man waiting on a sidewalk here yesterday for a customer for the animal skull beside him. Migrant visitors to China's capital bring handicraft and other saleable goods as they try to boost their income. ReuterReuter - 46 words
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84 1994-07-02 3 All' HONGKONG Media self-censorship is increasing in Hongkong in the run-up to China's takeover in 1997. said a report released here yesterday. Hie annual report by the Hongkong Journalists Association and a London-based pressure group said the right to speak out in Hongkong hadAll' - 84 words
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69 1994-07-02 3 Reuter BRUSSHLS The Luropean Commission said yesterday that it was reimposing customs duties on imports of television sets from Thailand. It said imports this year had exceeded a ceiling value of 2.3 million KCUs (SS4.I million), triggering the reimposition of duties after anReuter - 69 words
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231 1994-07-02 3 Reuter WELLING lON Credit rating agency Standard Poor's raised a cautious cheer for New Zealand's Budget yesterday, but promises of growing government surpluses and falling debt failed to set the financial markets alight. Finance Minister Bill Birch said on Thursday the countryReuter - 231 words
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Page 3 Advertisements
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Advertisement9 1994-07-02 3 YVestinghouse to work on Russian nuke plant, Pg 59 words
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Advertisement43 1994-07-02 3 y* 1 <jpv fH i *T iTu W jn| m* *.i i Marina Square #03-140 REMINDER Claim your free meal with your Kenny Rogers LIVE IN SINGAPORE concert ticket now. ar P THE FREE MEAL OFFER IS ONLY VALID UNTIL 31ST JULY, 199443 words
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THE REGION/WORLD
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485 1994-07-02 4 Bloomberg Business News AP, Reuter, WASHINGTON The US government's main economic forecasting gauge was Hat for a second straight month in May, the Commerce Department said yesterday, adding to the impression the expansion is shifting to a lower gear. The department said theBloomberg Business News; AP,; Reuter, - 485 words
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399 1994-07-02 4 AP WASHINGTON In a move that will dramatically transform the composition of petrol used by millions of American drivers, the Clinton administration on Thursday announced that nearly one-third of vehicle fuel sold in the most polluted American cities must contain additives,AP - 399 words
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Article, Illustration457 1994-07-02 4 AP, Reuter, AFP GAZA CITY. Gaza Strip Yasser Arafat made a triumphant entry into the newly autonomous Gaza Strip yesterday to cap a 27-year odyssey from guerilla fighter to government leader. After shaking the hand of an Israeli general at the Kafah border crossingAP,; Reuter,; AFP; Reuter - 457 words
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379 1994-07-02 4 Reuter LONDON A top Harvard economist called yesterday for a radical overhaul of the International Monetary Fund (IMF), saying it was wedded to *****-style economics and was failing to help debtor nations such as Russia. On the 50th anniversary of theReuter - 379 words
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252 1994-07-02 4 JAKARTA The government will require real estate developers to accelerate the construction of houses to meet rising demand in the country. Indonesian State Minister of Public Housing Akbar Tandjung said. "Developers, under a new ruling currently being prepared by the government, will be252 words
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382 1994-07-02 4 Eastern Express HONGKONG Governor Chris Patten is to consider whether to invite directly elected members of the Legislative Council (Legco) to sit on the government's top policy-mak-ing body, the Executive Council (Exco), before next year's elections. He has pledgedEastern Express - 382 words
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Article1434 1994-07-02 4 c«)f nm ro fw rro Aanwan RJ187 0130 AnNtardani SQ25 0630 KL844 0035 KL831 0935 KL838 2300 SQ324 2345 Auckland NZ21 1735 BAH 1505 SQ286 2040 NZ22 1825 Bahrain Gf 146 0905 B Sari Bagawan BI421 1105 SQ182 0915 SQ181 1410 B1422 1205 BI429 2030 B14301,434 words
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432 1994-07-02 4 Reuter BANGKOK Halfway through another boom year in Thailand, some analysts say the perceived weakness of government is clouding the economic outlook beyond 1994. Financial markets are also nervous because a lone hunger striker outside parliament demanding democratic reforms appearsReuter - 432 words
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THE WORLD
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529 1994-07-02 5 Leon Hadar - But it delays to July 31 decision on similar sanctions proceedings against Japan From Leon Hadar in WASHINGTON THE Clinton administration is launching an investigation into violations by China of US intellectual property rights and piracy of American software and music recordings, US Trade529 words
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339 1994-07-02 5 AFP LONDON Britain and Germany remained deadlocked after a day of diplomatic activity on Thursday over attempts to find a candidate for the European Union's (EU) top executive post acceptable to all 12 member states. After separate talks with his British counterpart Douglas HurdAFP - 339 words
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338 1994-07-02 5 NYT NEW YORK Moving to expand its nuclear power business into the former Soviet Union, the Westinghouse Electric Corp has reached a tentative agreement to begin work improving the safety of nuclear reactors in Russia and Ukraine. The agreement announced by company andNYT - 338 words
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Article, Illustration63 1994-07-02 5 Reuter VIENNA Members of the Green parliamentary faction and human rights activists protest against the visit of China's hardline Premier Li Peng in front of parliament. Mr Li, on a five-day visit to Austria, was forced to receive President of Parliament Heinz Fischer at hisReuter - 63 words
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298 1994-07-02 5 Reuter LONDON Britain's competition watchdog, the Office of Fair Trading (OFT), is to probe a price war between two prominent newspapers, the Daily Telegraph and The Times. The announcement on Thursday followed a move last week by Canadian media tycoon ConradReuter - 298 words
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288 1994-07-02 5 Vikram Khanna - By Vikram Khanna PRIVATE investment as a proportion of developing countries' total investment in infrastructure looks set to double by the end of the decade. according to a World Bank official. In a press briefing yesterday on the bank's 1994 World Development Report entitled "Infrastructure288 words
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WORLD WATCH
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73 1994-07-02 5 Reuter BONN Deutsche Bundespost Telekom. Germany's phone monopoly, yesterday urged France to privatise its state telephone monopoly I ranee Telecom soon in order to strengthen the I ran-co-German telecoms alliance. But Deutsche Telekom chairman Helmut Kicke told reporters ahead of the annual news conferenceReuter - 73 words
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Article, Illustration106 1994-07-02 5 Reuter \IRDRIE. Scotland Police escorting victorious Helen Liddell. Labour candidate for the Monklands East by-election, from the town hall here as she is mobbed by supporters. The opposition Labour Party beat off a strong nationalist challenge and allegations of corruption to hold on to the seatReuter - 106 words
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Article85 1994-07-02 5 Reuter ROME Italy's Defence Minister Cesare Previti unveiled a plan on Thursday to streamline the military over the next decade. He said the government of Prime Minister Silvio Berlusconi was prepared to spend 55 trillion lire (SSS2 billion) over the next decade to build an efficientReuter - 85 words
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Article98 1994-07-02 5 AFP BERLIN Germany's new president, Roman Hcrzog. took office yesterday with a call to combat totalitarianism and extremist violence, work for the social integration of foreigners and debate immigration openly. The 60-year-old former chairman of the constitutional court, who succeeds Richard von Weizsaecker. was swornAFP - 98 words
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Page 5 Advertisements
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Advertisement90 1994-07-02 5 I_■ aNIqJ® m«( y^ >o^w/> Total iSet Lettable Area 32,0H7nr t k%) NEW ZEALAND'S P/«j adjoining purchase Me area 4,966 m LARGEST options to furlter r j mt uKe ;j„ INTEGRATED increase land holding Secure income and rental upside DCT RETAIL OFFICE p> Net Income Subdivisional potential COMPLEX .VZ 15.590,000p.a.90 words
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Advertisement151 1994-07-02 5 Next stop on the information highway i———————————————— I Singapore Press Holdings' Shine sen/ice on Teleview has something of interest for everyone. Stay informed With Shine's news and information. Keep track of current affairs, business, lifestyle, health, investing, sports, technology and more. Be delighted and entertained By interesting articles on exotic151 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article19 1994-07-02 6 For next week 's expected market sentiment, see BT Sentiment Index on EL (Personal Finance Investment section)19 words
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Article, Illustration146 1994-07-02 6 Paul Leo - By Paul Leo Hong Leong Properties has been trading between $1.82 and $2.52 since April 4. It will rally towards $3.22 on a break above $2.52 but will fall towards $1.12 if it breaches $1.82. At $2.00 yesterday, technical factors indicate that it is unlikely to move below146 words
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313 1994-07-02 6 Dexter Lee - By Dexter Lee SINGAPORE The Stock Exchange of Singapore will simplify the fees for and speed up the processing of applications for listing foreign debt securities on the local bourse. SES said yesterday the move was aimed at313 words
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385 1994-07-02 6 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR 1 ML senior official blamed for Bank Negara's massive foreign exchange losses. Nor Mohamed Yakcop. will be joining Malaysia's top stockbroker Kashid Hussain Bhd (RHB) to head its well-regarded research arm. He has been hired as385 words
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Article, Illustration289 1994-07-02 6 Corinne Kerk - New listings on SES and KLSE By Corinne Kerk SINGAPORE Super Coffeemix Manufacturing, which will launch its initial public offer on Monday, is likely to offer about 30 million new shares priced between 70 and 80 cents each, sources say. The public289 words
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Article, Illustration820 1994-07-02 6 Amy Balan - HOCK LOCK SIEW By Amy Balan SINGAPORE The shake-up has started. Kumpulan Guthrie. Malaysia's sleeping giant, is finally waking up. A number of top Guthrie executives have already resigned or are in the process ot doing so. It is820 words
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172 1994-07-02 6 Reuter KUALA LUMPUR Rediffusion Bcrhad has obtained the approvals of the Securities Commission and the Foreign Investment Committee for listing its shares on the Kuala Lumpur Stock Lxchange Second Board. Rediffusion's listing is now subject to the approval of the KLSL. Arab-MalaysianReuter - 172 words
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230 1994-07-02 6 Bernama KUALA LUMPUR Media publisher Utusan Melayu (M) Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, has forecast a group pre-tax profit of MS 12.5 million (557.3 million) for the year ending Dec 31, 1994.Bernama - 230 words
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664 1994-07-02 6 Heavy exposure to Russia makes analysts wary Reuter SINGAPORE Key shareholder Quek Sim Pin created instant demand for Acma Ltd shares last year when he brought home a USSI6O million (SS2SO million) contract from a Russian company called Gazprom. At an investment analysts'Reuter - 664 words
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242 1994-07-02 6 SINGAPORE Amcol Holdings is raising money from a $115 million unsecured bond issue to pay off a bank overdraft it had drawn to develop its Tanjong Rhu residential project. The company has sealed a "bought-deal" with Citicorp Investment Bank (Singapore) Ltd and242 words
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189 1994-07-02 6 SINGAPORE Stockbroker Vickers Ballas Holdings has formed a wholly-owned subsidiary in the Philippines, called J Ballas Securities (Phils) Inc, with a paid-up capital of 50 million pesos (SS2.B million). J Ballas-Phils has an authorised capital of 100 million pesos, divided into one million shares189 words
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COMPANIES
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1240 1994-07-02 7 Ranking of Malaysian companies by market cap MBT KUALA LUMPUR The six-month consolidation phase on the Kuala Lumpur Stock Exchange, which provided a breather for the super-bull run, reduced the number of "bil-lion-ringgit club" companies from 130 at end-1993 to 102 asMBT - 1,240 words
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COMPANY BRIEFS
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113 1994-07-02 7 SINGAPORE National carrier Singapore Airlines yesterday denied a Reuters report which said that it is negotiating for a stake in a Czechosiavakian airline. SIA assistant director of corporate affairs Karmjit Singh said yesterday in a statement: "SIA has never had any discussions, nor113 words
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79 1994-07-02 7 SINGAPORE Bonvests Holdings has sold its 8.11 per cent stake in Miltox Holdings Pte Ltd and its 50 per cent stake in Miltox Singapore Pte Ltd for $1.91 million. The buyer is PL Technologies Pte Ltd, one of two other Miltox Holdings shareholders. Miltox79 words
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46 1994-07-02 7 SINGAPORE Rotary Engineering has formed an offshore engineering joint venture in Singapore with Sicilmontaggi of Italy. Rotary said yesterday it will take a 60 per cent share in the joint venture, which will have an initial paid-up capital of $400,000.46 words
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Article54 1994-07-02 7 SINGAPORE Econ International has acquired a 49 per cent stake in Micro Union Industries for $842,000. Micro Union is an electronic and electrical-related products contract manufacturer. The remaining 51 per cent of the company is split equally between Chong Hon Keuon and Chee Mun54 words
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Article35 1994-07-02 7 SINGAPORE C K Tang director Tang Wee Cheng has resigned. His resignation, effective last Thursday, is part of a settlement reached with his two younger brothers in a family feud.35 words
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103 1994-07-02 7 Reuter KUALA LUMPUR —r Malaysian canning firm Kian Joo Can Factory Bhd hopes to seal a joint venture with a firm in Vietnam this month to make two-piece aluminium cans. Malaysia's Business Times quoted Kian Joo general manager Anthony Sec Thow Guan asReuter - 103 words
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Article88 1994-07-02 7 Bernama KUALA LUMPUR Telekom Malaysia Bhd proposes to issue euroconvertible bonds to finance its capital expenditure for network expansion and modernisation. The bond issue will offer a low coupon rate, an issuance of equity at a premium over current market price, and no immediate and materialBernama - 88 words
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212 1994-07-02 7 Bernama KUALA LUMPUR Malaysian Industrial Development Finance Bhd has announced a pre-tax profit of M$ 100.27 million (5558.15 million) for the year ended March 31, 1994. up from M 591.90 million previously. MIDF yesterday said that at the company level, it achieved a pre-taxBernama - 212 words
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Article559 1994-07-02 7 UNIT TRUSTS FUNDS prfcM Jul 2 4 UMB Invest Mgt Ltd Singapore Unit Trust \t>] !.S The Commerce 160 169 United Of Fund 165 171 The Savings Fund 1.52 161 IJmlcd Asia Fund 158 I 68S'pore Prog Fund 069 0.73 Spore See Fund 1.02 1 08 UOB Lite Assurance S559 words
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Article, Illustration449 1994-07-02 8 Multi-billion-dollar plan to develop rail yard into homes for wealthy NYT NHW YORK A group of Hongkong investors have stepped in with the money that Donald Trump needs to begin building the first towers of Riverside South, a project that could profoundlyNYT - 449 words
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Article, Illustration365 1994-07-02 8 Bloomberg Business News NEW YORK CBS Inc and QVC Inc said they are close to an agreement on a merger that would join the nation's toprated television broadcaster with the largest cable homeshopping channel. The new entity, with a combined marketBloomberg Business News; Reuter - 365 words
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147 1994-07-02 8 Bloomberg Business News HONGKONG Allegations about improper dealings in the shares of Seapower International Holdings were false and aimed at undermining confidenee in the group, honorary ehairman Choi Sai-leung said. Mr Choi denounced reports this week in two Hongkong newspapers, the Hong Kong Economic JournalBloomberg Business News - 147 words
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185 1994-07-02 8 Bloomberg Business News HONGKONG Standard Chartered Securities has been barred from the underwriting business in Shanghai following a similar ban in Hongkong, the Hongkong Economic Times reports. The Hongkong-based merchant bank, a subsidiary of British banking group Standard Chartered pic, has already lost outBloomberg Business News - 185 words
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317 1994-07-02 8 AFP SY DNEY Australia's largest company, BHP Co Ltd, yesterday announced record net profits of AS 1.284 billion (SS 1.425 billion) for the vear to May 31. The result was up 29.6 per cent on the previous year's A 5990.6AFP - 317 words
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SHIPS IN PORT
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Article635 1994-07-02 8 Vessel Voy No Berth Arrival Departure Jurong Port A3 15; r CO/21 alongsnJe 020/ 0900 8a(an mflar N12/ 110 alongsde 02 0/ 2300 Caraka H1/26 02/94 17 8 alongside 02 0 7 2 300 Oman Fu 11 01/94 M alongside 02 07/1000 lion Valour 112 alongside 02635 words
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Article2238 1994-07-02 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Ba4ance RsJts Ship Voy No Etb/Btr Period From To From An We 193A 03 0500 2A 01/1/00 02 0659 02 0900 28 01/1/00 *****9 02 0900 3 02 0/00 02/1159 022,238 words
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FINANCE & COMMODITIES
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Article, Illustration472 1994-07-02 9 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange has got the green light from American regulatory authorities to market its Morgan Stanley Capital International (MSCI) index in the US. This was disclosed yesterday by Simex president Ang Swee472 words
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414 1994-07-02 9 Reuter LUXEMBOURG Commerzbank AG, the smallest of the big three Frankfurt-based German banks, said its earnings had jumped by about a third in the first five months of this year. Management board chairman Martin Kohlhaussen told reporters in Luxembourg on Thursday that group operating profit,Reuter - 414 words
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456 1994-07-02 9 Bernama KUALA LUMPUR Standard Chartered pic prefers to wholly own Standard Chartered Bank Malaysia Bcrhad as this would enable the subsidiary to benefit from the group's international operations, its London-based group chief executive, Malcolm Williamson, said yesterday. "We feel it is better toBernama - 456 words
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345 1994-07-02 9 Bloomberg Business News TOKYO The aggregate profit of Japan's 150 hanks plunged 31.5 per cent in the year that ended March 31 as the cost of writing oIY delinquent loans cut deeply into earnings, a report compiled by the Federation of Japan BankersBloomberg Business News - 345 words
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499 1994-07-02 10 Analysts wonder if many other banks will follow suit Reuter LOS ANGELES BankAmerica Corp's announcement that it would take a US$4O million (SS62 million) charge in the second quarter because of problems involving derivatives surprised Wall Street and also raised questions about howReuter - 499 words
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424 1994-07-02 10 Reuter SINGAPORE Singapore refiners are assessing whether the unprofitability in crude processing merits a cut in throughput for the first time in many years, but most sources were optimistic the situation will improve in August. They said no refinery had yetReuter - 424 words
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Article, Illustration395 1994-07-02 10 DBS weekly currency review US$/mark: correction or turning? The US dollar fell further on Monday to hit a low of 1.5723. Thereafter, it settled to trade within 1.5731 to 1.5916 before buying interest returned to see it trade to a high of 1.5985395 words
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403 1994-07-02 10 Bloomberg Business News SINGAPORE Forward crude oil prices in East Asia were assessed higher yesterday after southern Yemeni forces bombed a north Yemen oil field. Forward supplies of Malaysian Tapis, the Asian benchmark crude, for August delivery were assessed at betweenBloomberg Business News - 403 words
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174 1994-07-02 10 NEW YORK Ernst Young said it found many corporations don't have adequate rules governing their use of derivatives and that senior managers often don't understand the risks of these complex financial contracts. In a year-long stud>. the big accounting and consulting firm discovered174 words
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241 1994-07-02 10 Bloomberg Business News LONDON For Lurope's major oil companies, the first half of 1994 was miserable. For some, the second half may be better if oil prices hold. The recent six-month period saw the lowest average crude oil priceBloomberg Business News - 241 words
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Article202 1994-07-02 10 Bloomberg Business News LONDON The dollar drifted lower to end the day weaker against the mark and the yen as traders took advantage of early dollar gains to sell the US currency. Yet the dollar continued to trade above the post-War low it fell to against the yen onBloomberg Business News - 202 words
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Article, Illustration1760 1994-07-02 10 I iinl>\ mk iiluuxl <i*ain\i S'pmr'\ tup 14 /ratlin* purrnm. Base vtuu I9S< US$/S$ forward rates Noon July 1 s$ Bid Offer 1-month (.523} 1 5248 2-month 1 5227 1.5241 J-month 1.5221 I.52J6 6-monlh 1 5200 1.5220 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on June 30 Singapore1,760 words
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181 1994-07-02 10 Bloomberg ENERGY REPORT LONDON Crude oil futures rose about 20 US cents a barrel yesterday as traders continued to worry about supply disruptions. Brent Blend crude oil futures for August settlement rose to a high of U5517.73 per barrel, while the comparable sweet crude181 words
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Article85 1994-07-02 10 ADP NEW YORK The dollar moved slightly higher against major currencies in slack early trading in New York yesterday ahead of the US Independence Day holiday weekend. At 1350 GMT, the greenback was trading at 1.6000 marks from 1.5870 late Thursday. Against the yen, the dollar edged upADP - 85 words
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COMMODITIES & FUTURES
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1410 1994-07-02 11 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen contracts trimmed sharp early gains in the afternoon session as the US dollar underwent a change of fortune on the foreign exchanges. The US dollar had plunged to new postWorld War II lows of 97.68 in morning TokyoReuter - 1,410 words
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Gold higher in HK on weak US$
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Chapter463 1994-07-02 11 COMMODITY REPORTS Tin futures were quoted higher in nominal trading on the KI.C'E. despite the weaker close on the physical tin market. July. August and Sept were all quoted USS6S higher at U555,265, U555.285 and U555.305 per tonne respectively. Palm oil The Malaysian crude palm oil physical market eased further463 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article63 1994-07-02 11 HAMBURG The German Coffee Association (DKV) expects a "quick and substantial" rise in retail coffee prices to follow the massive rise in prices in the London and New York markets caused by reports of frost damage in Brazil. DKV reiterated that low prices have63 words
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Article49 1994-07-02 11 SYDNEY Australia expects its 1994-95 raw sugar shipping programme to benefit from problems with the Cuban sugar harvest. Prospects for disposal of this year's crop are good, with strong demand and production in Cuba expected to be below last vear's level of 3.6 million tonnes.49 words
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Article46 1994-07-02 11 BRUSSELS The European Union grains management committee released 68.970 tonnes of barley from Spanish intervention stocks for export to Saudi Arabia. EU officials confirmed yesterday. Further bids to export 48.205 tonnes of German and Scottish barley to Saudi Arabia were rejected.46 words
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Article65 1994-07-02 11 SYDNEY The Australian domestic spinning market is likely to lift its 1995 raw cotton consumption to more than 160.000 bales from 151.000 bales this year, according to industry estimates. The domestic spinning market has been steadily increasing over the past three years and in 199465 words
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Article60 1994-07-02 11 HONGKONG Copper prices at China's Shenzhen and Shanghai metal exchanges remain steady despite price fluctuations at the London Metal Exchange. Closing copper prices for July delivery in Shanghai were parked around 21.400 yuan per tonne (553.760) tor the June 27-30 period in Shanghai. The Shenzhen exchange60 words
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Article1571 1994-07-02 11 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 94 176.75 175.00 178 50 250 1600 Sep 172.25 171.25 172.75 250 2750 Oct 167.00 166 50 167.75 300 3300 Nov 167.00 166.50 167.751,571 words
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REGIONAL STOCK MARKETS
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Article1210 1994-07-02 12 -23.3 SHARES closed sharply lower yesterday, taking their lead from a fall on Wall Street and continued weakness in domestic bonds, brokers said. The All Ordinaries Index closed at 1.965.8 points. 23.3 down on Thursday's finish. The All Industrials Index fell 29.0 to 2,899.4, while the All Resources Index1,210 words
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Article703 1994-07-02 12 •51.85 Share prices declined 1.88 per cent yesterday, dragged down by blue chip Philippine Long Distance Telephone Co (PLDT) and weakness in other Asian markets over a possible rise in short-term US interest rates. The Philippine Stock Exchange Composite Index tumbled 51.85 points to settle at 2,694.51. It has703 words
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Article493 1994-07-02 12 1.23 Share prices ended slightly higher yesterday on the Korean Stock Exchange after moving in a choppy, narrow range through the day, brokers said. The Composite Price Index rose 1.23 points to settle at 934.59 in slim trading with 34 million shares worth 590 billion won changing hand. Rises493 words
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Article316 1994-07-02 12 -13.54 The share market finished a moderately traded session lower mostly due to trends in foreign bond and equity markets. The government's budget on Thursday had little impact and the focus next week is likely to remain on volatile world markets. The NZSE-40 Capital Index closed down 13.54316 words
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Article115 1994-07-02 12 +60.82 Share prices ended higher on mild buying on the first day of the account in specified as well as cash shares. The BSE Index closed at a provisional 4,147.54, up 60.82 points. The National Index rose 24.92 to a provisional close of 1,962.80. Brokers said prices were also115 words
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Article465 1994-07-02 12 Taipei Jun 30 IS TT- \oT VsiaCemeni 56 00 0 50 1505 All Sincere I n<i 70 until KM* hiiu hemical JI 30 <-0 10 886 China Wire A( able 52 50 unch 418 < athav Const r 55 50 »OJO 1752 hina Develop IU 00 -I 00 4495 Hi/en465 words
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WORLD STOCK MARKETS
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Article690 1994-07-02 12 Britannia Funds Strrliag Cash Bid Offer Mim Cap Deposit 38 6400 38 6500 Mim Jersev C.ik 0.189J 0 .1992 Mim Mat Income ****** *0 4400 I S$ Cash Income Plus Fund 9 *600 10 3900 PS Reserve Fund 5 2800 5 2900 Sterling Euro Performance 0.4542 0 4938 Far East690 words
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Article678 1994-07-02 12 17.2 STOCKS rose from early losses after the strengthening dollar and a rise in UK government bonds helped ease inflation concerns. The FT-SE 100 rose 17.2 points to 2,936.4 after falling 27.1 on Thursday. Analysts said investors were looking beyond the weakness of the dollar and the potential for678 words
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Article166 1994-07-02 12 -19.14 The main index closed at a 13-month low as new evidence of the US economy's vigour convinccd investors that US interest rates will rise. Fuelling the fall are worries that the French economy is making a weak recovery. "People are afraid of inflation. and the French recovery is166 words
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Article134 1994-07-02 12 -23.66 Stocks tumbled as one of Scandinavia's largest investors said it would boycott Swedish government bonds. The OMX Index of 30 leading stocks dropped 23.66 points to close the day at 1,033.31, its lowest point since Dec I, 1993, when it hit 1.015.52. Two stocks rose, two were unchanged134 words
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Article166 1994-07-02 12 10.44 German shares closed firmer yesterday in quiet trade before the long US weck- end. The market was supported by relative stability in bonds and dollar, although both had slid from earlier levels. The blue-chip DAX Index closed 10.44 points higher at 2035.78. Frankfurt Jul I DM Kt% 179166 words
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Article207 1994-07-02 12 -8.32 Persistent lack of buying interest amid uncertainty of future market developments pushed Belgian shares to a lower close in dull trading on the first day of the new forward market account. Traders said they expected business to remain quiet in the coming weeks with shares expected to drift207 words
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Article178 1994-07-02 12 +43 Shares resisted further falls and held relatively steady, buoyed by gains in other European bourses, traders said. Italy still lacks its own momentum, they added, and further direction is likely to depend on US markets and the rest of Europe. "The market showed some resilience, many were expecting178 words
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Article256 1994-07-02 12 +0.98 The main Dutch stock index closed higher as investors welcomed reduced inflationary pressures in Germany and gains on Wall Street. A stronger dollar against the Dutch guilder also supported stocks in companies with sales in the US. The EOE Index of the 25 leading stocks closed 0.98 point256 words
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Article249 1994-07-02 12 -11.68 Swiss shares ended lower with falls in the morning followed by consolidation in the afternoon. Dealers said volume was low and the continuing absence of non-professional participants kept the market lacklustre. Professionals did not wand to build up new positions ahead of the weekend, especially as Monday will249 words
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Article273 1994-07-02 12 -28 South African shares were little changed in slow yesterday. "There's nothing going here," a dealer said. The Overall Index was unchanged at 5,403, the Industrial Index closed off 28 to 6,231 and the Gold Index was up 42 points to 2,129. Johannesburg Jui I Kind INDUSTRIALS A Alpha273 words
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Article265 1994-07-02 12 -2.95 Stocks lost ground late and closed narrowly mixed as players took profits after this week's good performance. traders said. The market caught an updraft early on a good morning tone to the bond market and higher gold prices. But Canadian bonds closed weaker and gold ended with pared265 words
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Article733 1994-07-02 12 17.16 The Dow Jones Industrial Average, which plunged 42.09 points on Thursday, was ahead 17.16 points to 3,642.12 at 11am EDT. The New York Stock Exchange Composite Index was ahead 0.89 to 246.05, while Standard Poors 500-stock Index was up 1.68 to 445.95. Advances topped declines 1,004-666 among733 words
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Article, Illustration2957 1994-07-02 13 Bloomberg Business News HONGKONG Stock prices dropped on fears that interest rates will rise and that the US dollar's fall will undermine the value of Hongkong investments for foreigners who use other currencies. The Hang Seng Index ended the day down 124.04 points at 8,634.37. Turnover was a lightBloomberg Business News; Source: Bridge Info - 2,957 words
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Article, Illustration540 1994-07-02 13 CLSA THE Shanghai B market edged up 0.97 to 765.83 points on a low turnover of US$l.4 million. Diesel Engine and Steel Tube accounted for 49 per cent of total turnover. Jinqiao was suspended after its rights issue announcement. The Shenzhen B market was also very quiet as theCLSA - 540 words
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Article, Illustration2521 1994-07-02 13 Reuter TOKYO Stocks ended moderately weaker but some losses were erased as sentiment was encouraged by the dollar's rebound in the afternoon. Arbitragelinked selling hit prices in morning trade but buying on dips constantly emerged as the underlying tone remained strong. "Investors who previously didn't buy are now purchasing,"Reuter; Source: Bridge Info - 2,521 words
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Article, Illustration1146 1994-07-02 13 Reuter JAKARTA Share prices closcd mixed in dull trade but brokers said local speculative buying at the end of the second session helped to give some resistance after consecutive fails in the last five weeks. The Official Index closcd 1.44 points higher at 458.74. "The support resulted from theReuter; Source: Bridge Info - 1,146 words
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Article2495 1994-07-02 14 Mm Hyd 50c 3.273.000 Proroct 2.988.000 Mulpha Inll 50c 2.867.000 CASH 50c 1.667.000 Kamunting 50c 1.634.000 Rcnong Bhd 50c 1,511,000 Landmark) Bhd 1,362.000 FACB 50c 1.327.000 Falser Group 1,259.000 Lien Hoc TSR97 1.235.000 Mukt-Purposc 1.167.000 Genting Inl USS 882.000 AMDB 50c 770.000 Idns Hyd 50c 8.728.630 CASH 50c2,495 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6074 1994-07-02 14 Bloomberg Business News KUALA LUMPUR Malaysian stocks closed little changed as investors waited to see whether the Federal Reserve Board will announce an interest rate rise next week. But some analysts said investors are reacting excessively to the prospect that theBloomberg Business News; Source: Bridge Info - 6,074 words
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STOCK EXCHANGE OF SINGAPORE
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Article7722 1994-07-02 15 MAIN BOARD Transaction date: July I C* Or M Wi 1994 Im Vol Da; LmQmM Div Db VH IM Cap At High low l MMaa, Sale C888) High Low Bayer Seller Of P/E Vail Price INDUSTRIAL AND COMMERCIAL 1440 835 I s Aetna 960 -5 19 965 95) 9)0 %07,722 words
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Article, Illustration1864 1994-07-02 16 R Sivanithy - By R Sivanithy SINGAPORE A poor overnight performance on Wall Street again took a toll on prices here, although sharp early losses were reversed by bargain hunting in late trading. In slow trading, the Straits Times Industrials Index fell as low asCharts by Bridge Info; Source: Bloomberg - 1,864 words
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Page 6 Advertisements
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Advertisement181 1994-07-02 6 NEWS VALUE How today 's news might affect your stoiks Alan Yeo wins court battle to wind up YHS Holdings (pg I) Alan Yeo can probably count on Ng Teng Fong for support, in which ease share price likely to hold at current levels. US asks Japan, Germany to cut181 words
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Page 7 Advertisements
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Advertisement1228 1994-07-02 7 The Board of Directors announces the unaudited results of the Group and the Company for the year ended 31 March 1994. 1994 (I'OOO) 1993 (I'OOO) lacraasa/(Dacraasa) Oraap (•■p«ay Oraap Oraap Caapaay 1 a Turnover 33,094 809 58,206 U65 (43) (TTj b Investment income 234 c. Other income including interest income1,228 words
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Page 9 Advertisements
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Advertisement1458 1994-07-02 9 The Board ol Directors of Sincere Watch Limited is pleased to announce the unaudited results ot the Group and the Company Due to the change in financial year end of the Group from October 1993 to March 1994, the results of the current financial period comprise 12 months to 311,458 words
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Advertisement8 1994-07-02 10 I he regional currency report was not available8 words
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Page 11 Advertisements
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Advertisement91 1994-07-02 11 TOPS IN HOME DELIVERY... 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, sen/ices, holidays, course training and much more! The Straits Times Classified delivers! Looking to find91 words
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Advertisement43 1994-07-02 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ■■SRVSw ■tIHISUB I IEKII i|99B9i9i llj^Hfll I Call I to place I o quick~ c.a tsi I acting ad. 7J7-««*« l_ 1 i43 words
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Page 12 Advertisements
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Advertisement71 1994-07-02 12 The Taiwan stock market was closed yesterday. BYY* ,HP fXsiNGAPontf np fv rr ri usinessDmes Business Times Busmessflmes Business Times BusmessTimes wnnr«M Subscribe now and have your personal copy delivered to your doorstep. Name' A opMail or fax this form to: Address* Customer Relations Section Circulation Department Singapore Press Holdings71 words
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Page 13 Advertisements
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Advertisement67 1994-07-02 13 NEED A SERVICE I FIND IT IN THE SIMS TIMES CLOTIED Let your fingers walk to the service professionals listed in our service directory of The Straits Times cats Classified. 737-***** The Bangkok stock market was closed for a holiday. HIGH STAKES Don t Set shortchanged, go for a coverage67 words
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Page 14 Advertisements
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Advertisement14 1994-07-02 14 fSpt PORT SHOTS at6St 3 f 3nC ,an trans sortat on Business Times •rcnovam14 words
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Advertisement0 1994-07-02 14 ]&@`@+.._/{@)*~*]<(:@!+-<&$&=&-0 words
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Page 15 Advertisements
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Advertisement22 1994-07-02 15 LAW PAGE Kverv Thursday, in Business l imes Use the for more focused advertising. Toll free Tel No 1-800-741-1883 Fax No: 741-129822 words
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Page 16 Advertisements
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Advertisement18 1994-07-02 16 NOTICES PLAY SMART Be part of the good life. Lifestyle. Everyday. SINOAPORE m Business Times WE KNOW ASIA18 words
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Advertisement413 1994-07-02 16 IN THE MATTER OF THE COMPANIES ACT. CAP. JO AND IN THE MATTER OF HO KJIEE YONC A SONS (PTE) LTD (la Vol usury Liquidation) MEMBERS' VOLUNTARY WINDING UP Al u Extraordinary General Meeting of ike members of tkc abovcnnmed Compaay duly convened aad held on the 30th day of413 words
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Executive Lifestyle
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Article, Illustration1899 1994-07-02 17 S N Vasuki - S N Vasuki meets Michael Dobbs-Higginson, a corporate chieftain with a remarkably colourful past S N Vasuki THERE is an old story, perhaps apocryphal,- that Jimmy Carter once arrived late for a meeting at the White House. Reason: he ran into Alex Haley, and1,899 words
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STRAWS IN THE WIND
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Article66 1994-07-02 17 TALK about manpower problems. One diner got very annoyed with an incompetent and ill-mannered waiter at a restaurant and was about to give him a good telling-off when the manager intervened. He apologised profusely and implored the diner not to scold him. "Scold me instead," the66 words
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Article37 1994-07-02 17 ONE World Cup fan was explaining to an American woman why she was feeling so groggy: "I stayed up to watch Brazil." To which the American woman replied: "Oh, I just love that movie!"37 words
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Article35 1994-07-02 17 DAVID Letterman on the World Cup: "I'm really starting to get caught up in the World Cup. 1 just imagine millions of people watching all those games, yawning in a hundred different languages."35 words
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Article34 1994-07-02 17 THE competition in the airline industry may be getting out of hand. One stewardess was heard asking a passenger just before lunch: "Do you want a Western male or an Oriental male?"34 words
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OPINIONS
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Article, Illustration900 1994-07-02 18 Maggie Ford - Maggie Ford says Jakarta's efforts to introduce proper management and controls will ensure a more vibrant, stable and competitive Indonesia Maggie Ford The writer is BT's Jakarta Correspondent IT IS gradually becoming clear, to the astonishment of many and the continuing disbelief900 words
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321 1994-07-02 18 Yu Chun Ding - LETTERS TO THE EDITOR Yu Chun Ding Press Officer Monetary Authority of Singapore WE REFER to your Hock Lock Sicw column, "Time to change the 'rich man's rule in the circulation of research reports" (BT, June 23). The article claims that Section 51321 words
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352 1994-07-02 18 Peter Chia - Peter Chia Public Affairs Manager Stock Exchange of Singapore WE REFER to the article by Vikram Khanna based on a speech by Dr Ngiam Kee Jin at the sth Annual East Asian Seminar on Economics (BT, June 18-19). He was reported to have said, among352 words
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534 1994-07-02 18 Soh Gim Chuan - Soh Gim Chuan I REFER to your article, "A case of lawyers versus public?" (81, June 23). The article gives the impression that lawyers are making big money sleepwalking. This is not so. Firstly, the assertion that lawyers' fees amount to about one534 words
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Article, Illustration961 1994-07-02 18 Neville Stack - Neville Stack says the archaic idea of a hereditary monarchy needs updating to make it relevant to modern times Neville Stack the writer is a political commentator based in London. He writes regularly for B T PRINCE CHARLES has just made his debut as a television961 words
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CORPORATE PROFILE
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Article, Illustration2239 1994-07-02 19 S N Vasuki - Asia's corporate giants A fortnightly series Toyota, Japan's largest automobile manufacturer, has survived a savage recession, weak overseas markets and a rising yen. Now the auto giant is taking a great leap outward. What strategy is it adopting, and what challenges lie ahead? S N2,239 words
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Article865 1994-07-02 19 AKIRA Yokoi has spent his entire career at the international operations of Toyota Motor Corporation. More to the point, in its Asia division, once regarded as a sleepy backwater of the Japanese automobile giant. As a rookie officer, the chainsmoking, soA-spoken Mr Yokoi was in Thailand and865 words
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REVIEWS
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Article, Illustration554 1994-07-02 22 SUSAN TSANG - riMMliw By SUSAN TSANG ONE TENDS to think of Burmese art as mainly religious and threedimensional carvings of Buddhas, perhaps. An exhibition this weekend dispels these misconceptions. The exhibition showcases the works of Min Wae Aung, Zaw Zaw Aung and MT Oung, with pieces554 words
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Article, Illustration778 1994-07-02 22 CHUANG PECK MING - Book Review By CHUANG PECK MING The Agenda By Bob Woodward Simon and Schnster $33.95, 352 pages THE AGENDA offers a blow-by-blow account of the making of President Bill Clinton's economic plan in his first year in office. It was a process that saw him ditching his778 words
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SOCIETY
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Article, Illustration983 1994-07-02 23 Jay Khosla - Jay Khosla decries the kind of entrepreneurship that turns personal traumas into public entertainment Jay Khosla WHAT will they call it then? Citizen Cantf Butt-wiser? Or maybe Moonstruck IP The Michael Fay story, it seems, is destined to make it to some screen somewhere, eventually.983 words
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TIME OFF
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Article115 1994-07-02 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 tomorrow. Counter sales for all ticketed shows are on at all TicketCharge outlets. Call 296-2929. MOTE: all shows start at Bpm.115 words
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Article282 1994-07-02 25 Smike The Stage Club presents this musical about a group of schoolchildren who go back in time into a Dickensian world, a la Nicholas Nickleby. Today, 3pm and 7.30pm at the Drama Centre. Tickets from $10 to $15. For more details call 255-1 IS I. Visiting the Relatives In282 words
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Article283 1994-07-02 25 Musk at Mac's No, not Mac Donald's but Macßitchie! The Bedok Town Secondary School Band will perform show tunes, pop tunes and other band tunes for your pleasure, while you enjoy the ambience of the natural acoustics. Tomorrow. spm at the Macßitchie Reservoir Park, off Lornie Road The Piano283 words
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Article120 1994-07-02 25 The Great American Adventure Experience the wonders of the US through three filmlets. Show times: Hidden Hawaii, Ham. 2pm ami 7pm; Niagara Miracles. Myths atul Magic. 12pm. 4pm and Bpm; Grand Canyon The Hidden Secrets. Ipm and spm. At the Singapore Science Centre's Omni Theatre. Chinese shows: I lam.120 words
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Article, Illustration752 1994-07-02 25 Swatch Street Painting No. people don't go decorating the roads in an explosion of colour. Instead. 30 students from LaSalle. NAFA and Temasek Polytechnic will paint their interpretation of the theme Spirit of Our Times on canvas. Judges will select 10 paintings for the upcoming Swatch Emotion exhibition later752 words
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Article181 1994-07-02 25 Steps to Independence Psychologist Jade Teo will present this talk on how children with special needs can learn to feed, dress and basically do the necessaries without super\ ision. today. 3pm at the Sational Council of StKial Services HtuUlnix Auditorium Fee: $I(K payable at tin Call Joan Yco lor181 words
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Article455 1994-07-02 25 Car Care Workshop C'astrol is organising this workshop that deals primarily on how to get the best out of your vehicle, how to look after and maintain its performance. July 6. IJ and 20. at the C/umg I'am: Community Club in YisJiun. Attendance is free but s/xiee is limited455 words
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Article426 1994-07-02 25 Tri-Art lliin exhibition features paintings by C'hor Mm Ling, katherine Phua anil Bi>o S/e Yang three Nafa graduates who are now practising their craft as art teachers. I ill July 5. I him to 9pm daily at the Gallery Painting for Beginners Basic practical course on semi-and-purc426 words
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Article128 1994-07-02 25 Christopher Toh - Compiled by Christopher Toh Si stic outlets are at Forum Galleria. Liang Court. Raffles City, Scotts. Spec ialists Centre. Takashimaya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 34H-5555. Ticket Charge outlets are at Metro stores. 11 ism a Atria. Centrepoint and128 words
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PEOPLE
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Article, Illustration277 1994-07-02 25 LAST month. US-based General Electric Company brought together the GE family, clients and business associates at the official opening of its new 13storey building at Tanjong Pagar Road. Called GE Tower, it will be the operational headquarters of eight of Gli's businesses in South-eastPhotos bv Arthur Lee - 277 words
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EPICURE
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Article, Illustration522 1994-07-02 26 CORINNE KERK - Bon Appetit By CORINNE KERK NOT EVERYONE is a fan of country and western singer Kenny Rogers, and even fewer know that there is a restaurant bearing his name. Called Kenny Rogers Roasters, the name conjures up all sorts of funny images and you can hardly blame people522 words
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Article, Illustration659 1994-07-02 26 JAIME EE - By JAIME EE THERE is very little about Izumi Restaurant that distinguishes it from other Japanese restaurants in Singapore, except that it's very new in town and uses giant clams as a window display. Located in Boat Quay, the two-month-old restaurant takes up all three levels ofPhoto by Arthur Lee - 659 words
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Article, Illustration774 1994-07-02 26 N K YONG - Wine By N K YONG ON JUNE 16, a magnificent private cellar was auctioned by Christie's of London. It was a sale that attracted tremendous attention, not only of wine collectors and aficionados but of the media (a pre-sale press mention appeared in the International Herald774 words
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Article, Illustration1011 1994-07-02 28 Airborne. Teen movie about rollerblading in Cincinnati. Yishun: 4.50: 12.05. Against The Wall. Re-enactment of the events that led to riots in Attica prison in 1971. R(A). Midnight tonight at Lido. Prince. President. Oriental. 5pm tomorrow at l.ido. Oriental. Autumn Moon. Japanese tourist finds warmth and authentic Hongkong cuisine1,011 words
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Page 17 Advertisements
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Advertisement120 1994-07-02 17 mmmm H 90 CALL, TOLL-FREE jjM aaas-asa osaa HONG LEONQ FINANCE k {JESS-BBS BBSS W BINQAPORE FINANCE REVERSO. Avant-garde since 1931. HHHHV VASfIHH THE LECEND LIVES ON IN REVERSO Our master- WATCHMAKERS never ON THEIR LAURELS. NEITHER ON OUR OVER 150-YEAR TRADITION OF MAK- \N J j INC THE 0»120 words
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Page 18 Advertisements
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Advertisement40 1994-07-02 18 s. BT welcomes r J letters from you. S k Please address them r r to: The Editor, S Business Times, r r 390 Kim Seng Rd, j j S'pore 0923. Letters f L should include your J contact numbers.40 words
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Advertisement25 1994-07-02 18 stakes Don't get shortchanged, 1 Y go for a coverage J you can bank on. Financial News. Everyday. SINGAPORE rTI Business Times WE KNOW ASIA25 words
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Page 18 Miscellaneous
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Miscellaneous70 1994-07-02 18 1 1 (uau&N w R0me....) eassociatcoNmwewin, itu-tM. 9Sio DOONESBURY GARRY TRUDEAU MR CAVENPfSH, ARE YOU NO, I NEVER ZZZ UJANTTDSEE AMARE OFANYRECENT FOUOWTHE JMMIS I JOURNALS' THAT'S \A, YEAH. NEWS REPORTS CONCERN- NEWS.IDON7 a£T I ALL I CARE ABOOT-M I CMY ING TUB TO&ACCQ (NPfJSTPY REAP THE PAPERS, THOSE I70 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration56 1994-07-02 20 Those polled on their views of the Singapore stock market for the week ahead: Raring Securities, Crosby Securities. DBS Asset Management, Nomura Securities. OCBC Investment Research. Ong Co. Peregrine Securities. Phillip Securities. Schroder Securities. Smith New Court, iat Lee Securities. UOB Securities and W I56 words
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Article265 1994-07-02 20 Nomura Research Institute. Singapore (July I) GF Batteries. Exposure to greenback-denominated sales and yen-based inputs. We have pulled back our pre-tax profit forecast from $24 million to $22 million in view of the impact of the weaker Ss/US$ translation rate and slimmer margins. Despite the mixed trend in the265 words
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Article103 1994-07-02 20 OCBC Investment Research (July I) Kim Eng Group. We are projecting a drop of 14.6 per cent in group earnings for FY9S to $65 million. With an EPS of 26.2 cents, the shares are currently trading at a prospective FY9S PE of 10.8 x. We expect the proposed103 words
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Article, Illustration135 1994-07-02 20 DBS Securities Hongkong The Shanghai 'B' Index (SBI) has adjusted 28 per cent from a year high of 104.7 and is now trading at an undemanding PE of 14x. comparable to the Hang Seng's 13.2. The recent recovery of the SBI to 75.12 from aSource: Bridge Info - 135 words
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Article, Illustration239 1994-07-02 20 Wilson Lim - Wilson Lim Senior economist Banque Indosuez, Singapore T 'ke the US dollar I this past week, the 1 J ringgit seems to defy market fundamentals. Most traders have been expecting it to firm to 2.55. At the same time. Bank Negara probably seeks a firmer ringgit due239 words
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Article, Illustration1570 1994-07-02 20 R Sivanithy - Investing in equities the knife cuts both ways R Sivanithy picks out the best and the worst performers on the main board, Sesdaq and Clob over the last six months R Sivanithy U~W" "W" IGH risk and high return" I I is a comJL. mon refrain in the investment world.1,570 words
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Article, Illustration675 1994-07-02 20 Paul Leo - Spotlight currency By Paul Leo A CONTRARIAN said that when the masses started moving in one direction, the market is about to turn and the current ailing US dollar is a good example. In January, when the US dollar was around itsSource: Bridge Info - 675 words
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932 1994-07-02 21 Agnes Chen - A study of the French tender system points to the best time to dump or buy IPO shares. Agnes Chen reports Agnes Chen An investor bidding for initial public ottering (IPO) shares is caught in the classic "prisoner's dilemma" in trying932 words
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Article, Illustration1148 1994-07-02 21 R Sivanithy - By R Sivanithy EVER since Sesdaq was set up in February 1987, market observers have been complaining that the number of electronics and computer peripheral makers listed on the second board is unhealthily high and that companies from other industries were under-represented.1,148 words
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Article, Illustration516 1994-07-02 21 Shahiron Shahari - BT Golf Index By Shahiron Shahari THE BT Golf Index remained steady in June, falling just 0.66 points from the previous month. This 0.3 per cent dip. however. from 233.19 to 232.53. means the index is still at its lowest-ever level since516 words
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Page 20 Advertisements
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Advertisement21 1994-07-02 20 The difference ,5 GO between just printing II tH a brochure f and producing A GOOD y II £5 ONE lfs|21 words
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Page 22 Advertisements
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Advertisement23 1994-07-02 22 op«n tuasday tunday Bpm 3am affiliated with velvet underground london soaafc oh* w*fv*« yiid*rgroHHd IT Jiak kim ttrMt sln««pora 0316 tatophon* 738 MM23 words
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Advertisement228 1994-07-02 23 Tiof iee Bank has a host of corporate banking services ranging from iwmSm |y«y DAMI/ trade and pro[ect financing packages to investment schemes to help lULi J l/\l LCt DANix your business grow. See a Tat Lee Banker today or call for more details. *|jS V J| "Go play some228 words
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SPORTS
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Article, Illustration871 1994-07-02 24 World Cup finals AFP LOS ANGELES European sides, criticised by Fifa president Joao Havelange for their sterile football, supply 10 of the last 16 teams in the World Cup. Havelange thought that by offering three points for a win, banning the back-pass to goalkeepers and outlawingAFP - 871 words
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Article, Illustration466 1994-07-02 24 AFP DALLAS An angry Diego Maradona came out of seclusion here on Thursday night to answer charges that he had taken performance enhancing drugs. "I never took any substance that has drugs in it," said the 33-year-old who earlier in the dayAFP; Reuter - 466 words
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475 1994-07-02 24 George Vecsey - By George Vecsey NYT NEW YORK There are there were 528 players in the World Cup. If you had taken a poll about which player would bring scandal, controversy, dishonour or just plain grubbiness to the World Cup, Diego Armando Maradona would haveNYT - 475 words
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493 1994-07-02 24 Wimbledon AP, AFP WIMBLEDON Defending champion Pete Sampras lost his first set of the tournament but still powered his way into the Wimbledon final yesterday by outplaying Todd Martin in four sets. Sampras moved into his sixth Grand Slam final with a 6-4, 6-4,AP,; AFP - 493 words
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491 1994-07-02 24 Reuter WIMBLEDON Sentimental favourite Martina Navratilova will take nothing for granted when she meets dark horse Conchita Martinez, 15 years her junior, in the Wimbledon women's final today (tonight Singapore time). The nine-times champion, who plans to retire in triumphReuter - 491 words
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SPORT SHORTS
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Article, Illustration345 1994-07-02 24 AFP AP AP KUALA LUMPUR A Malaysian was stabbed with a pair of scissors by his cousin following a quarrel over which World Cup match to watch on television, a newspaper reported yesterday. The two argued over whether to watch Morocco versus Holland or Belgium vs Saudi ArabiaAFP; AP - 345 words
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Article, Illustration59 1994-07-02 24 NEW YORK Major League Thursday American: Minnesota 6 Texas 4; Milwaukee 9 Toronto 2; Boston 6 NY 5; Cleveland 4 Baltimore 2; Chicago 3 Kansas City 2. National: Florida 3 Atlanta 8; Pittsburgh 6 Cincinnati 4; Houston 5 Chicago 3; St Louis 9 Colorado 7; LA 4 Philadelphia 3;59 words
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Article, Illustration118 1994-07-02 24 AP CHICAGO The Chicago Bulls will pay tribute to Michael Jordan by retiring his number 23 and unveiling a bronze statue of him during a ceremony Nov I at the United Centre. The statue will be permanently displayed, and the number will be hung from the rafters. Jordan neverAP - 118 words
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Article, Illustration201 1994-07-02 24 AFP CHICAGO Phil Mickelson. who broke his leg and ankle in a skiing accident and missed three months of the PGA season, fired a six-under par 66 to share the firstday lead at the Western Open. Also among the leaders in the US$l.2 million (SSI.B million) event are BillAFP - 201 words
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Article, Illustration120 1994-07-02 24 Reuter AUCKLAND, New Zealand After a disappointing home season and an upset loss to Canada. France have a chance tomorrow to capture one of the great prizes in rugby a series win on Kiwi soil. Confronting them is an All Black pack seeking to avenge last Sunday's 22-8 shockReuter - 120 words
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Page 24 Advertisements
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Page 26 Advertisements
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Advertisement247 1994-07-02 26 Whither prices? prices doubled over the^ Office space: The worst is over I Frank Tsao: Tycoon with a mission Why companies need a green audit Derivatives: The hard sell is on House Hunt: Private property prices Get your copy of this month's Singapore Business I I from your nearest newsstand247 words
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Page 27 Advertisements
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Advertisement382 1994-07-02 27 frsyffl Nothing Boats A Bud.HlSa) where to wine, dine and entertain "WO OF BKKR^^ FRESH! .PASTA DAI LY. F From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great jMU^ gelati and terrific tiramisu. All topped with Italian hospitality. Potto Fhko Do382 words
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Advertisement356 1994-07-02 27 Qea ff starts at Jfiiqfa Qtoon Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. AH prices .in- submit to 10* wnriwdurKr. H»'\vrnment Li\ mi V~ C.ST For reservations, please call: 737356 words
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Advertisement279 1994-07-02 27 Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. sl^°(adu,t) s.OO (child) Karaoke Hi-Tea *$19.00 (adult) I *$14.00 (child) W Subject to 10%279 words
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Advertisement372 1994-07-02 27 11/iioiaglio Enougk. Enougkc 'Enough is enough. 35 appetisers, 20 desserts pCus 4 main courses. 'When our guests start on the appetiser spread at our monthly international Cunch Buffet, they never finish. In fact, they always end up conceding that they ve had more than enough. Come try it to Believe.372 words
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Page 28 Miscellaneous
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Miscellaneous2627 1994-07-02 28 TODAY'S TV ow to 800 Morning News<M). how to 7.00 Berita Tempatan. goo Perarakan Maal Hijrah. All My Sons, 2pm, SBC 5 Dead Men's Tales, 5.30pm, 6.30 Great Vegetarian Dishes. 10.00 Good Morning Malaysia Chris knows thai his brother SBC 12 7.W in Franc. (See Our 1 11.00 Ketab Kanak2,627 words
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