The Business Times, 3 September 1994
1994-09-03
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The Business Times
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Title Section13 1994-09-03 1 Business Times MITA(P) 010/12/93 Weekend Edition, September 3-4 1994 WE KNOW ASIA 75*13 words
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Article, Illustration578 1994-09-03 1 R Sivanithy, A J Leow - By R Sivanithy, A J Leow SINGAPORE There arc increasing signs that Singapore and Malaysian stocks arc poised for further rccovcry, say investment analysts. The most bullish indicator is that liquidity is improving. Last month, the main board and Clob, which tradesSource: Bridge Info - 578 words
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530 1994-09-03 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Local investors chalked up losses of US$96 million (*****.9 million) in US non-bank sectors in 1992, up from US$4l million in the previous year, the US Department of Commerce says. It was the530 words
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535 1994-09-03 1 Genevieve Cua - Hassle-free dividend payment for small investors By Genevieve Cua SINGAPORE The country's biggest listed company, Singapore Telecom, has booked Kallang Theatre for its annual general meeting this month in a marked departure from other firms' AGMs which are held at company premises or535 words
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185 1994-09-03 1 Reuter Bloomberg Business News WASHINGTON The US unemployment rate was steady at 6.1 per cent in August but the pace of job creation slowed markedly, the government said yesterday, providing more evidence economic growth is slowing to a more moderate pace. TheReuter; Bloomberg Business News - 185 words
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428 1994-09-03 1 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR HONG LEONG Credit Bhd (IILCB) will rake in MS62O million (***** million) from listing subsidiary Hong Lcong Dank Bhd on the stock exchange via the sale of 188.06 million shares, or 40 per cent428 words
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2am LATEST
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Article39 1994-09-03 1 Reuter NEW YORK Wall Street stocks traded lower yesterday as traders took profits ahead of the long Labour Day weekend and bonds turned lower. The Dow was down 5.18 points at 3,896.26 at 2pm EDT.Reuter - 39 words
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75 1994-09-03 1 Reuter MILAN An employee at the Bank of America typed in the wrong price when bidding at an Italian government bond auction this week and lost around US$4 million (556.08 million) for his company, an official at the bank said yesterday. The mistakeReuter - 75 words
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76 1994-09-03 1 Bloomberg Business News HANOVER, Germany The German economy expanded 2.3 per cent in the second quarter from a year earlier, Transportation Minister Matthias Wissman said. He said at the opening at a commercial vehicles exhibition here that "the deepest German recession since theBloomberg Business News - 76 words
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Article171 1994-09-03 1 Stock market indices l-riday (hangi STII 2.330.61 -6.22 KLSK Comp 1.160 88 4 4.54 Nikkei 20.653.83 f 10 90 Hang Seng 9.901.56 +10.66 St I Index 1.539 86 13.22 Jakarta omp 515.50 +2.79 LSA C hinj II ...1.158.38 -13 62 Ausl All OnJ 2.107 0 +1.5 FTSE 100171 words
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Page 1 Advertisements
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Advertisement28 1994-09-03 1 Lifestyle Cover Story: el i Professionals who follow their dreams IWvvCiV MM If y If/ f Transmarco shares hit record $6.35 on news of Indon offer, Pg 628 words
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Advertisement27 1994-09-03 1 Investment and Finance: el 5 Super Bow I aims for super strike When property stocks are hot, EL 4 CCL denies talk of property deal, Fg 627 words
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Advertisement338 1994-09-03 1 Hock Lock iSfcy: Pg 6 Metro's Chintnhet One of the great designs of this century And probably the next. m %v^BS h j ij i Vk *M HH|^H 1 ja^l ao 7V Royal Oak, hand made and indutduaUy numbered with ultra thin quartz movement, water-resistant to 5 atm 8A***** 789338 words
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Advertisement13 1994-09-03 1 jj[fl Giants: el 3 R&iong's road to the top ■II 8 I *****1"*****213 words
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Advertisement45 1994-09-03 1 ■ari fYitfrhl COWttNTS I N«M Companies $jw» New 2 S poreJTsa 6,7 Regional New 3.4 Financial 9.10 Nm 4.5 Features Markets Opinions £L 2 Ctab/KLSE. S£S 14 16 f £14.5 Reronal 12 Reviews tt*7 World 12 Sports ELB Cwrwoes 10 TV/Radn ELI2 Strnn Commo 1145 words
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SINGAPORE NEWS
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Article, Illustration438 1994-09-03 2 Abdul Hadhi - By Abdul Hadhi SINGAPORE The Republic of Singapore Navy has started to plan for a third naval base at Changi, Prime Minister Goh Chok Tong said yesterday. Speaking at the official opening of Tuas Naval Base, Mr Goh said the438 words
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238 1994-09-03 2 SINGAPORE Prime Minister Goh Chok long leaves for Langkawi, Malaysia, on Monday. together with a team of his Cabinet ministers, for a three-day working visit and meetings with Malaysian Prime Minister Mahathir Mohamad and other ministers. Mr Goh and Dr Mahathir238 words
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Article, Illustration363 1994-09-03 2 Claire Leow - By Claire Leow SINGAPORE The Economic Development Board is pleased with Singapore's development as a centre for component manufacturing, EDB chairman Philip Yeo said yesterday as Sony announced it would spend $22 million on a new plant here. This type of manufacturing363 words
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158 1994-09-03 2 SINGAPORE NTUC Income has set up its fifth branch in Toa Payoh Central, a densely populated housing estate, to provide insurance services to existing policy holders and tap new clients. S Dhanabalan, chairman of the Singapore Labour Foundation and MP158 words
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290 1994-09-03 2 SINGAPORE Four projects being undertaken jointly by Canadian and Singaporean scientists have been granted about $400,000 each by the National Science and Technology Board and the government of Ontario, Canada. The grants are meant to encourage collaboration between the countries in research and development290 words
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Article, Illustration211 1994-09-03 2 SINGAPORE The Housing and Development Board has served notice to operators of three boatels at Punggol Point that they will be evicted soon. The HDB said yesterday the boatel operators Awang Boat Sheds. Zainal Water Ski Centre and Marina View had been211 words
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301 1994-09-03 2 Shahiron Sahari - By Shahiron Sahari SINGAPORE A subordinate court yesterday adjourned the match-fixing case against former national footballer Michal Vana by two weeks after his lawyer appealed for more time to "construct a picture" of events. The Czech national, who faces six charges of corruption301 words
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Page 2 Advertisements
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Advertisement37 1994-09-03 2 FIFTH INTERNATIONAL CONFERENCE ON GEOTEXTILES, GEOMEMBRANES AND RELATED PRODUCTS 5 9 September 1994 Daily Conference Registration on Proceedings CD-ROM! Themes Reinforcement, Hydraulic and Organised under the auspices of the International Geotextile Society by its Southeast Asia Chapter(SEAC-IGS)37 words
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Advertisement27 1994-09-03 2 Find a new rider for your wheels Pedal your wheels to all kinds of people and clean out your store room with a convenient, fast-acting classified ad.27 words
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Page 2 Miscellaneous
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Miscellaneous364 1994-09-03 2 WEATHER J Singaprt: Genera«y hazy. Showers over several areas in the late morning and early afternoon. (Temperature range: 25-32). M/U* Cm*. Ear*** W/U' Cmt. Buenos tees Cloudy AucHand I3H>7 Cloudy Amsterdam 18/14 Clou* 24,17 Cloudy 32/25 Cloudy Athens 30/19 Cloudy MonoMu 31/25 Cloudy Be*ng 27/16 Cloudy Bertn 19/09 Cloudy Houston364 words
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THE REGION
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560 1994-09-03 3 Anthony Rowley - From Anthony Rowley in TOKYO THE president of Nomura Securities, Japan's leading brokerage house, acknowledged yesterday that the country's traditional system of crossshareholdings among business corporations and financial institutions appears to be unwinding as a result of economic recession. This not only has major implications560 words
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391 1994-09-03 3 Reuter CANBERRA The adoption of an ambitious plan to create an Asia-Pacific free trade zone by 2020 would increase pressure on the European Union to remove its trade barriers with the rest of the world, analysts say. "IfReuter - 391 words
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Article, Illustration54 1994-09-03 3 AFP HONGKONG This fanciful creation by Hongkong designer William I'ang went on display on Thursday during the first ever Hongkong Fashion Week Spring/Summer '94. Hongkong is the world's second largest clothing exporter after Italy and the industry is its largest export earner, accounting for 32 per cent of domesticAFP - 54 words
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577 1994-09-03 3 Leslie Lopez - From Leslie Lopez in JAKARTA TWO Indonesian state banks plan to take management control of the Kanindo Group, one of Indonesia's most prominent textile concerns, after it failed to settle debts of close to US$35O million (*****.6 million).577 words
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398 1994-09-03 3 Reuter TOKYO Japan's giant trade surplus rose 4.8 per cent to U5514.45 billion (5521.96 billion) in July from U5513.78 billion a year earlier and strong demand for the country's exports could mute talk of the surplus growing smaller, economists said yesterday. "If you believeReuter - 398 words
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NOTE BOOK
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81 1994-09-03 3 Reuter TOKYO Chinese telecommunications officials will visit Tokyo next week to discuss the positioning of China's newly launched Apstar satellite with their Japanese counterparts, a Ministry of Posts and Telecommunications olTicial said here yesterday. The talks start on Monday. Japan has accused China ofReuter - 81 words
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Article, Illustration46 1994-09-03 3 Reuter JAKARTA South African President Nelson Mandela (left) being accompanied by Indonesian Foreign Minister Ali Alatas after his arrival at Jakarta's Halim Airport yesterday. Mr Mandela, who is here on a two-day private visit, will meet President Suharto today. ReuterReuter - 46 words
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66 1994-09-03 3 AFP BEIJING The Archbishop of Canterbury, George Carey, will visit China for II days from Sep 11, the Chinese Protestant Church said yesterday. It would be the first visit to China by the Anglican archbishop, who is also to stop in Hongkong. His visit comesAFP - 66 words
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66 1994-09-03 3 Reuter MEDAN, Sumatra Indonesia will put trade union leader Muchtar Pakpahan on trial later this month, his lawyer said yesterday. Muchtar, leader of the unrecognised Indonesia Welfare Labour Union (SBSI), was arrested last month and charged with inciting racially charged riots in AprilReuter - 66 words
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385 1994-09-03 3 Schutz Lee - By Schutz Lee SINGAPORE Consolidation of the Chinese economy will continue over the next 10 months before another boom takes place from the second half of 1995, a seminar heard yesterday. And the main impetus for the next boom in China would385 words
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259 1994-09-03 3 AP KUALA LUMPUR The leader of a controversial Islamic sect who was detained by authorities in Thailand was deported to Malaysia yesterday, the national news agency reported. Al Arqam leader Ashaari Mohamad "was brought back in the evening but his present whereabouts arcAP - 259 words
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Page 3 Advertisements
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Advertisement115 1994-09-03 3 THE 26TH SINGAPORE INTERNATIONAL FESTIVAL OF BOOKS AND BOOK FAIR 7 e »A* n S-S. S- <*■ ""'y Toge^ e The Book Fair with many attractions, discounts gjfts Over 180,000 latest titlci in English, Chinese, Malay, Tamil, French, Japanese and ojher languages by 2000 publishers from all over the world115 words
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Advertisement172 1994-09-03 3 ,1 J TODAY'S SPECIAL PROGRAMMES Fimctio* Room Halll, WTC 11.15 am 6.00 pm Seminar on "Developing Belter Row of Books between Singapore and other Countries" 11.15 am Registration 11.30 am 1.00 pm "Growing African Market for Books"Presentation by Ms Tainie Mundondo of African Publishers' Network (APNET) Chairman: Mr N T172 words
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THE REGION/WORLD
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Article, Illustration408 1994-09-03 4 AP Reuter MOSCOW Chinese President Jiang Zemin arrived here yesterday for a four-day summit the first visit to Russia by a Chinese president in 37 years. "Together with Russian leaders we shall discuss the roots of future development of our good-neighbourlyAP; Reuter - 408 words
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330 1994-09-03 4 AFP TOKYO Income reported by major Japanese companies declined 19.3 per cent from a year earlier to 12,641 billion yen (S$ 189.6 billion) in the year to March, the National Tax Administration Agency said yesterday. The three companies topping the list of 2,419AFP - 330 words
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534 1994-09-03 4 Bloomberg Business news KUALA LUMPUR Malaysian stocks have risen more than 15 per cent since July, largely on the notion that the country has pulled ofT a dazzling feat: strong growth, low interest rates and full employment. without the escalatingBloomberg Business news - 534 words
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210 1994-09-03 4 Reuter TOKYO Prime Minister Tomiichi Murayama's Social Democratic Party is set to bury its leftist past today when members vote on swapping protest placards for the trappings of power. The result is a foregone conclusion; after decades of acting as the pacifist conscienceReuter - 210 words
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Article, Illustration417 1994-09-03 4 Lim Soon Neo - From Lim Soon Neo in HONGKONG UNITED STATES President Bill Clinton's new "commercial engagement" policy towards China is working. Secretary of Commerce Ronald Brown said here yesterday, pointing to the 15 agreements worth about US$6 billion (SSB.9 billion) signed by a USReuter - 417 words
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Article1759 1994-09-03 4 City Flgfct ETA Flgbt Citj Flgbt ETA FlgM ETP Aba mm GA976 0010 6a—va SRI83 2105 Amman RJ187 0100 Guangzhou CA978 0930 Amsterdam SQ25 0630 KL838 2300 Hangzhou MI931 2015 MI932 0905 KL837 1450 SQ324 2345 HaBOj VN741 1310 SQ176 1130 Auckland NZ21 1735 BA11 15051,759 words
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142 1994-09-03 4 Bloomberg Business News NEW YORK General Electric Co (GE) has denied a magazine report stating it was considering a takeover of American Express Co. American Express, which has been trading at the disappointing level of US$2B a share, could fetch US$4O aBloomberg Business News - 142 words
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277 1994-09-03 4 AP BANGKOK The Disney Development Co cancelled plans yesterday to visit a Thai theme park, accusing its owner of misrepresenting his relationship with the owner of Disneyland and lying about its intentions in Thailand. Chaiwat Luangamornlert, chairman of Siam Park City, toldAP - 277 words
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THE WORLD
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538 1994-09-03 5 Panel unhappy over court decision to allow broker in forex probe to reopen Bloomberg Business News NEW YORK The Commodity Futures Trading Commission (CFTC) warned on that a US District Court decision threatens to provide a "road map" for promoters of illegalBloomberg Business News - 538 words
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261 1994-09-03 5 KnightRidder GENEVA The World Trade Organisation (WTO) may not begin operating as planned at the start of next year because 99 countries nave still to ratify the Uruguay Round Final Act signed at Marrakesh, Gatt chief Peter Sutherland said yesterday. In comments preparedKnight- Ridder - 261 words
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378 1994-09-03 5 Washington Post JERUSALEM Morocco has decided to establish low-level diplomatic relations with Israel, a move that will now give the long-isolated Jewish state regular, open contacts with three Arab countries. In announcements on Thursday in Israel and Morocco, the two countries said they wouldWashington Post - 378 words
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390 1994-09-03 5 John Helmer - From John Helmer in MOSCOW RUSSIA will back India's move to become a permanent member of the United Nations Security Council, when proposals for expanding the council membership are considered later this month at UN headquarters in New390 words
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Article, Illustration44 1994-09-03 5 Reuter TALLIN, Estonia The Estonian capital of Tallin celebrating the last Russian troops withdrawal from the country with a fireworks display during the early morning hours on Thursday. The last of the Russian military units left the country on Wednesday. ReuterReuter - 44 words
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383 1994-09-03 5 Reuter MOSCOW The Russian Central Bank plans to take temporary control of commercial banks in danger of collapse, in an effort to restore confidence in a financial system shaken by recent scandals. "An appropriate document is now being circulated to the centralReuter - 383 words
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281 1994-09-03 5 Reuter NEW YORK US institutional investors expect to increase overseas commitments for the short and long term, aiming to focus more on growth opportunities in emerging markets and small capitalisation issues, a survey said. Belief in broad-based economic recovery in Europe, widespread globalReuter - 281 words
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WORLD WATCH
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77 1994-09-03 5 Reuter LONDON Employers of 4.000 British railway signal workers said yesterday they had drawn up a possible contingency plan to sack them without notice if they continued a three-month-old campaign of sporadic strikes. But a spokesman for state-owned Railtrack, which runs the country'sReuter - 77 words
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Article, Illustration35 1994-09-03 5 Reuter MOSCOW A shopkeeper taking out a bottle of French made vodka "Boris Yeltsin" on Thursday. The same type of botdes were used last year for "Mikhail Gorbachev" vodka. ReuterReuter - 35 words
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Article92 1994-09-03 5 Reuter PARIS French Prime Minister Edouard Balladur, confirming that the state will keep a majority stake in Renault, said the carmaker needs to forge partnerships to allow it to thrive in the international environment. "We will proceed progressively, to make Renault French again, with the stateReuter - 92 words
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305 1994-09-03 5 NYT BRUSSELS The European Commission is considering delaying proposals to harmonise rules on media ownership in the European Union, amid concern about a backlash among member states worried about intrusive Brussels regulation. A decision to delay would be a setbackNYT - 305 words
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Article, Illustration393 1994-09-03 5 AP EDGARTOWN, Massachusetts Irish Deputy Prime Minister Dick Spring said yesterday he left President Bill Clinton's vacation retreat with a pledge that the administration will seek further US aid for Northern Ireland. "I feel very satisfied that the US administrationAP; Reuter - 393 words
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COMPANIES & MARKETS
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Article, Illustration439 1994-09-03 6 Corinne Kerk - By Corinne Kerk SINGAPORE Transmarco Ltd saw its share price shoot up 65 cents to a record $6.35 yesterday on news that Indonesian businessman Sukarman Sukamto is buying Metro Holding's 50.3 per cent stake in the company at $6.50 per439 words
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255 1994-09-03 6 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE Sime Singapore posted net earnings of $27.6 million for the year ended June 30, a modest rise of 5 per cent over last year's $26.2 million. The figure was achieved on the back of an 11 per255 words
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171 1994-09-03 6 SINGAPORE Sesdaq-listed Eltech Electronics said yesterday it had won a bid for a factory site in Ang Mo Kio with a tender price of $7.2 million. The purchase of the 5,180 sqm leasehold parcel including existing buildings of the vendor, Applied171 words
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155 1994-09-03 6 SINGAPORE Car distributor Cycle and Carriage Ltd has denied that the group or its subsidiary, Malayan Credit, has been involved in discussions to buy Caltex House or Hitachi Tower. CCL was responding to queries by the Stock Exchange of155 words
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716 1994-09-03 6 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE If nothing else, the sale by the Metro group of its listed subsidiary Transmarco should settle once and for all whether Metro should be classified as a retail or property stock. If all716 words
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251 1994-09-03 6 Alec Almazan - By Alec Almazan SINGAPORE A new aircraft repair facility, PT Batam Aircraft Maintenance, was set up in Batam by Singapore and Indonesian partners yesterday. The five-party partnership includes Singapore Aerospace and Indonesia's PT Industri Pesawat Terbang Nusantara (IPTN), both with a 25 per251 words
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168 1994-09-03 6 SINGAPORE The initial public offer of printed circuit board maker Elec and Eltek International Co has closed with the public offer portion tranche subscribed 2.4 times. A total of 5,474 applications were received for the 7.725 million offer shares. Another 2.575 million shares168 words
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EYE on your STOCKS
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Article, Illustration129 1994-09-03 6 Paul Leo - By Paul Leo Selangor Properties rose 6 cents to $1.91 yesterday on strong volume of 2.15 million units almost three times the previous day's 735,000 shares. Other technical factors, however, indicate that its rise from $1.42 on July 28 is about to end. Daily Relative Strength Index and129 words
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SHIPS IN PORT
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Article551 1994-09-03 8 Ve**d Voy Wo Bwtti Arrival Dopartue fgwj Voy No B«rth JUrhral Dgwrtw iurong Port Caja,a Kemt*i 002 P01A 03.09/0900 0109/2300 Angetna 11* Gr 1 115/16 alongside 03.09/2300 Fiona SC264C 02SFP* P01A 02.09/1430 02.09/1830 Galea 1/94 117/18 alongside 03.09/1900 Fiona SC264C 03SFP* P01A 03 09/1130 03.09/1430 Ko.ndo 09/01/94551 words
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Article1525 1994-09-03 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From 03/1500 1A 02/IMP 02/1659 02/1900 lad 202* 04/0500 IB 02/1500 02/1659 02/1900 4 03/1200 03/1459 03/1/00 An Jakarta 8/N 04/0900 181,525 words
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COMPANIES
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71 1994-09-03 7 SINGAPORE Flextech Holdings, which launched an initial public offer of 18 million new shares on Aug 23, said yesterday all its 4.5 million placement shares had been fully subscribed at 57 cents apiece. The remaining 13.5 million shares are being offered at an issue price71 words
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107 1994-09-03 7 SINGAPORE Superßowl Holdings said yesterday it had opened a new video game arcade at Parklane Shopping Mall, and expanded its indoor arcade at its Super Funworld at Woodlands. With 100 new game machines at Parklane and 30 at Woodlands, the group now owns more than 400107 words
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Article86 1994-09-03 7 SINGAPORE Econ International has set up Econ Marketing Sdn Bhd in Malaysia to be a wholesaler and distributor of watches and accessories. Econ International will have a 70 per cent stake in the Malaysian subsidiary which has an authorised capital of M 5500,00086 words
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56 1994-09-03 7 SINGAPORE Keppel Finance said yesterday it has been given the green light by the stock exchange to issue 13 million placement shares at a 50-cent par value to help boost asset growth of the company. Keppel Securities has been appointed to procure subscriptions for the56 words
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Article65 1994-09-03 7 SINGAPORE Hotel Plaza Ltd said yesterday it has raised its equity stake to 55 per cent in Success Venture Investment Vietnam (SVIV). SVIV, which is incorporated in the British Virgin Islands, will undertake property development and investments in Vietnam. Hotel Plaza's interest now amounts65 words
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Article1355 1994-09-03 7 M—gmt' prtoaa Sep 34 5 Mcndaki Gr Fund 1.19 l.22xd® Sinuoors Unrt Trust US Gr Fund 1.02 06** WBl irw ihib a 4 I ij The Commerce 1.69 1.79 UWD IITVSSt Blp Liu The Savings Fund 1.61 1.70 Unilurvd 1.36 1.62 S'porc Prog Fund 0.73 0.78 Unibond* 1.035 1.06 S'poic1,355 words
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447 1994-09-03 7 Al Labita - From Al Labita in MANILA JACINTO Group of the Philippines will finalise soon a US$9OO-million (SSI.3 billion) steel manufacturing project with Malaysia's Wing Tiek Holdings, a senior Jacinto executive said yesterday. Group vice-president Alberto Albano said discussions would be held on447 words
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242 1994-09-03 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR BERJAYA Group Bhd yesterday announced plans to buy a 60 per cent interest in a listed Canadian timber products company for C 530.8 million (5533.8 million). The company, through wholly-owned subsidiary Berjaya Group (Cayman), will242 words
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Article, Illustration511 1994-09-03 7 Reuter MANILA A crackdown on insider trading by the Philippine Stock Exchange (PSE) was welcomed by brokers yesterday as a sign that the market was becoming more mature. "This marks a good breakthrough. It's a positive development and they should continue it," saidReuter - 511 words
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282 1994-09-03 7 MBT KUALA LUMPUR The Lion group of companies is teaming up with a Shenzhen Stock Exchange-listed company to build what may be China's first major discount store in Wuhan. The Malaysian group is constructing a 260,000 square metre building forMBT - 282 words
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150 1994-09-03 7 Bernama KUALA LUMPUR Chemical Company of Malaysia Bhd (CCM) has proposed to acquire the entire equity in Upha Pharmaceutical Manufacturing (M) Sdn Bhd (UPM) and its group of companies for a yet to-be-disclosed amount. The acquisition of UPM's group of companiesBernama - 150 words
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257 1994-09-03 7 AFP MANILA A consortium led by the Philippines' dominant carrier, along with its Indonesian and Chinese partners, has offered rival telecommunications firms an increased stake in a satellite it plans to launch in 1996, an official said yesterday. Philippine Long DistanceAFP - 257 words
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244 1994-09-03 7 Bernama KUALA LUMPUR Linatex Process Rubber Bhd, which will be transformed into an integrated financial services group through a major restructuring exercise, is changing its name in order to better reflect its new business. Its director, Mohd Taib AbdulBernama - 244 words
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180 1994-09-03 7 KUALA LUMPUR Rediffusion Berhad's 2.09 million shares made available for public subscription have been oversubscribed 128.97 times. Rediffusion is the only private wired radio station in the country. Its wired radio broadcasting is operated by its subsidiary, Rediffusion Cable Network Sdn Bhd (RCN).180 words
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218 1994-09-03 7 NST KUALA LUMPUR Telecom Malaysia Bhd plans to invest MS 1.46 billion (*****.7 million) up to the end of next year on its network modernisation and expansion programme, which will be partially financed by its proposed Euroconvertible bond issue. In its circular toNST - 218 words
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191 1994-09-03 7 Reuter BANGKOK Italian Thai Development pic, Thailand's biggest diversified building contractor, has won two government projects worth about 1.4 billion baht (5559.7 million) in total to build inland depots and a shipping channel dredger. Ital-Thai informed the Stock Exchange of Thailand (SET) yesterday morning thatReuter - 191 words
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COMPANY BRIEFS
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Article64 1994-09-03 8 Reuter WELLINGTON Brierley Investments Ltd has bought 6.8 per cent of textile and china clays company Ceramco Corp, the New Zealand Stock Exchange said yesterday. BIL said in a statement it had bought 3.3 million Ceramco shares between Aug 9 and yesterday at prices betweenReuter - 64 words
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61 1994-09-03 8 Reuter HONGKONG Three Jardine group firms said their directors will meet this month to consider interim results and whether to continue their secondary listings on the Hongkong stock exchange. Hongkong Land Holdings and Mandarin Oriental International will hold board meetings on Sep 16, whileReuter - 61 words
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Article56 1994-09-03 8 Reuter CERNOBBIO, Italy Ing C Olivetti Co SpA will cut its personal computer prices by 12 per cent over the next few months following price cuts by rivals, managing director Corrado Passera said yesterday. "The reduction in prices over the whole range of PCsReuter - 56 words
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76 1994-09-03 8 Reuter LONDON ED&F Man, the privately-owned commodities trader and financial services company, said yesterday it was aiming for a Sep 22 stock market flotation, expected to value the firm at around £500 million (Ssl.2 billion). In the pathfinder prospectus just published, the company saidReuter - 76 words
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Article56 1994-09-03 8 Bloomberg Business News SYDNEY Financial services and property group Lend Lease Corp said full-year net profit rose 12.6 per cent to a record, buoyed by Australia's economic recovery. Profit rose to A 5232.1 million (*****.2 million), or 112 cents a share, from A 5206.1 millionBloomberg Business News - 56 words
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417 1994-09-03 8 Bloomberg Business News SYDNEY Australian food group Goodman Fielder said full-year net profit fell to A 593.4 million (S$ 103.9 million) in the year ended June 30. A year earlier the company reported net profit of AslB2 million, bolstered by one-time gainsBloomberg Business News - 417 words
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279 1994-09-03 8 Peter Osborne - By Peter Osborne SINGAPORE Australian food producer Goodman Fielder Ltd is forming a AS2O million (SS22 million) joint venture with Indonesian companies to target that country's burgeoning snack-foods market. one of the fastest growing segments of Indonesia's domestic market.' In279 words
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152 1994-09-03 8 Reuter HONGKONG Malaysian tycoon Robert Kuok's Kerry Group placed 30 million, or 7.5 per cent, of the shares of Television Broadcasts Ltd (TVB) with institutional investors in Hongkong, Japan, Europe and America, a broker close to the deal said yesterday. The sharesReuter - 152 words
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Article, Illustration328 1994-09-03 8 Reuter MELBOURNE Foster's Brewing Group, the world's fourth largest brewer, is expected to serve up marginally weaker profits on Monday after one of the most momentous years in the Australian group's history. Analysts said weaker results from its British and Canadian operationsReuter - 328 words
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304 1994-09-03 8 Bloomberg Business News SYDNEY Australian food ingredients group Burns Philp Co said full-year net profit gained 12 per cent to a record Asl23 million (S$ 136.8 million), as the company expanded further into global food markets. The company is involvedBloomberg Business News - 304 words
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637 1994-09-03 9 Bloomberg Business News STUTTGART, Germany Officials of Daimler-Benz AG said they were "embarrassed" and "baffled" by the premature disclosure on Wednesday of the company's half-year earnings by two financial news agencies a move that gave some investors an inside track on significant gainsBloomberg Business News - 637 words
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277 1994-09-03 9 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE China's Huaneng International Power is going ahead with a US$6OO million (SS9OO million) initial public offer on the New York Stock Exchange despite mixed reviews for a Chinese stock issue last month. State-owned power firm Huaneng is believed277 words
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Article, Illustration410 1994-09-03 9 FT LONDON Tiny Rowland won a last-minute victory on Thursday over Dieter Bock, his fellow chief executive at Lonrho, who had planned to strip him of his executive duties. The German financier, with 18.8 per cent of the shares, had been confidentFT - 410 words
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545 1994-09-03 9 Reuter LONDON Media and leisure group Pearson pic yesterday reported a 50 per cent jump in first-half profits but said making progress in the second half of this year would be tougher. Pre-tax profits rose to £69.3 million ($159.3 million) inReuter - 545 words
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526 1994-09-03 9 Reuter GENEVA Union Bank of Switzerland (ÜBS), the country's biggest commercial bank, said on Thursday that its trading income should pick up in the second half of this year after plunging by 68 per cent in the first six months. ButReuter - 526 words
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236 1994-09-03 9 NYT SAN FRANCISCO Technology stocks, which had rallied in recent weeks, dropped on Thursday amid fears of a slowdown in personal computer sales. The selloff began on Wednesday after Bruce Lupatkin, an analyst with Hambrecht Quist, lowered his earnings estimatesNYT - 236 words
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231 1994-09-03 9 NYT WASHINGTON MCI Communications Corp formally ended a proposed US$l.3 billion (Ssl.9 billion) deal with Nextel Communications Inc, the company on which it had based its plans for building a nationwide wireless telephone network. Citing intractable disagreements with Motorola Inc, a major shareholderNYT - 231 words
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FINANCE & COMMODITIES
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320 1994-09-03 10 Conrad Raj - By Conrad Raj SINGAPORE DBS Bank and OCBC Bank have received approval by Malaysian authorities to start an offshore banking business in Labuan, just off the coast of Sabah. Two other Singapore banks, Overseas Union Bank and United Overseas Bank, have320 words
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Article, Illustration488 1994-09-03 10 DBS Weekly Currency Review L SS/mark: bullish double bottom or bearish triangle? US$/mark rallied to 1.5935 on Monday before settling to consolidate between 1.5710 and 1.5845 for the next three days. We are biased towards the upside with initial resistance levels seen at 1.5935 and 1.6025.488 words
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421 1994-09-03 10 Bloomberg Business News HAMILTON, Bermuda Bermuda announced sweeping reforms of its insurance regulations on Thursday in a move to end criticism of the country's monitoring of the fastgrowing industry. The proposals due to become law next year are stricter in some areas thanBloomberg Business News - 421 words
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446 1994-09-03 10 Bloomberg Business News, Reuter BANGKOK Thai Farmers Bank pic has lowered the interest rate it pays on three-month fixed deposits by one-quarter percentage point, to 9.25 per cent, a senior executive said yesterday. The action, which the bank said it took becauseBloomberg Business News,; Reuter - 446 words
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390 1994-09-03 10 AFP JAKARTA All but two scandal-hit Indonesian state banks recorded increases in unaudited pre-tax profits in the first half of 1994 compared with the same period the previous year, the banks have said. TTie financial statements of the banks, publishedAFP - 390 words
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Article179 1994-09-03 10 Bloomberg Business News LONDON The dollar fell against most major currencies, giving up early gains after a rally in the Ua Treasury market faded. Bonds jumped yesterday morning, pulling the dollar higher, after the Labour Department said the economy added 179,000 jobs in August. That was fewer thanBloomberg Business News - 179 words
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168 1994-09-03 10 Reuter LONDON Oil prices drifted towards the bottom end of their recent trading range as traders continued to seek clues to the market's likely direction heading into the autumn/winter period, dealers said. But despite the recent downward trend, some analysts saidReuter - 168 words
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79 1994-09-03 10 Reuter NEW YORK The Chicago Mercantile Exchange's board approved a plan to give financial futures traders a greater say in how the exchange is governed, the Wall Street Journal reported yesterday. Financial-futures traders like banks, brokerages and other dealers that are membersReuter - 79 words
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Article84 1994-09-03 10 AFP NEW YORK The dollar fell against most major currencies yesterday in volatile trading amid inflation fears despite a government report that unemployment was unchanged in August and that job creation was less than expected. Around 1325 GMT, the dollar was trading at 1.5680 marks against 1.5748 onAFP - 84 words
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Article, Illustration1448 1994-09-03 10 /rade-weighted index iiikvkunl against S'pure top 14 trading partner* Bom- wr mi US$/S$ forward rates Noon Sep 2 s$ Bid Oder 1-month ***** I 5003 2-month I 4985 I 4999 3-month ***** ***** 6-monlh I 4%2 I 4910 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am an Sap 11,448 words
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COMMODITIES & FUTURES
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1301 1994-09-03 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures gave up their early fiins to end lower in choppy trade, uroyen and JGB futures were higher on short covering in the morning session but pared gains on heavy selling inReuter - 1,301 words
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703 1994-09-03 11 COMMODITY REPORTS KL Tin TIN eased four sen to close at MS 13.65 a kg despite continued good demand. Dealers noted initial bids for 88 tonnes against offers of 122 tonnes. Turnover settled at 98 tonnes against 102 on Thursday. A dealer said the703 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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55 1994-09-03 11 SINGAPORE Indonesia is on course to achieving an industry forecast that its coffee bean exports in 1994 will reach 280,000 tonnes. So far, some 228,000 tonnes have been exported. But the 280,000 tonnes projected for 1994 will be below 1993's record 350,000 because adverse weather55 words
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Article50 1994-09-03 11 TOKYO Indonesian medium grade crudes plunged in the spot market as increased Japanese buying spurred by a hot summer finally petered out. September Minas traded at a premium below 50 US cents per barrel to the official price, compared with earlier assessed level of US$l.OO.50 words
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84 1994-09-03 11 LONDON Spot-market prices for Nigerian crude cargoes remain weak despite the cut in export volumes caused by the two-month-old oil workers' strike. Nigeria's crude output is estimated to be 450.000-500,000 barrels per day below prestrike levels, having sunk to between 1.4 and 1.5 million bpd.84 words
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Article47 1994-09-03 11 ZURICH Switzerland imported 9,240 tonnes of copper, 23,152 tonnes of aluminium and 1.397 tonnes of zinc during July, the country's statistical office in Bern said. In June, Switzerland imported 8,807 tonnes of copper. 1,764 tonnes of zinc and 16,841 tonnes of aluminium.47 words
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45 1994-09-03 11 HONGKONG Indonesia bought 30,000 tonnes of US No 1 yellow soybeans in the past week at U*****.50 per tonne C&F for December shipment. Indonesia is also inquiring for another 26,000 to 30,000 tonnes of US soybeans, also for December shipment.45 words
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Article1443 1994-09-03 11 Rubber Sep 2 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30pm) tnjiri Titim ZmZZZ 12 mm (S cents/kg) IISS I Contract (S cents/kg) Cloic Volume Open RSS 2 Oct 94 187.50 188 SON Month High Low Sett (tonnes) Interest KSS 3 Oct 94 186.50 187.50N 11,443 words
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REGIONAL STOCK MARKETS
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Article1069 1994-09-03 12 1.5 STOCKS closed marginally firmer yesterday as many investors kept their wallets shut ahead of an uncertain day on Wall Street. The key All Ordinaries Index finished 1.5 points up at 2,107.0. The All Industrials Index rose 0.8 to 3,033.3 while the All Resources Index edged up 2.1 to1,069 words
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Article680 1994-09-03 12 16.87 Stocks rebounded yesterday as investors got on board to position themselves for the official listing of one billion shares of Petron Corp, the country's largest company, analysts said. The PSE Index rose 16.87 points to 3,096.26. Turnover was 2.93 billion shares valued at 1.29 billion pesos. A dealer680 words
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Article569 1994-09-03 12 +36.48 Share prices yesterday recovered 36.48 points to close at 7,010.63 boosted by textiles and plastics issues. Turnover was 1.38 billion shares valued at NT568.59 billion. Many investors were reluctant to sell, looking for better prospects, the dealers said. The market opened 30 points higher and firmed throughout the569 words
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Article446 1994-09-03 12 -4.71 Stocks lost ground yesterday on heavy a liquidity squeeze, ending a three-day rally. The Composite Price Index tumbled 4.71 points to settle at 944.52 with 36.1 million shares worth 676 billion won. Falls outnumbered rises 633 to 219, and 61 counters ended unchanged. While 109 issues hit the446 words
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Article313 1994-09-03 12 +11.73 Shares rose to a five-month high after Fletcher Challenge's better-than-expected annual result inspired buying of leading stocks by foreign fund managers. Fletcher Challenge, a forestry and energy company, reported its results on Wednesday. The NZSE-40 Capital Index picked up 11.73 points to 2178.75, its highest level since313 words
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Article86 1994-09-03 12 -7.93 Share prices closed slightly down in a low volume dull trading session, brokers said. The BSE 30-share Index closed at 4,534.85, down 7.93 points. The 100-share National Index closed 10.48 lower at 2,135.61. Brokers said the market was still upbeat after Wednesday's surge which took the BSE index86 words
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WORLD STOCK MARKETS
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Article823 1994-09-03 12 +6.2 SHARES ended slightly higher, giving up most of their earlier gains in line with index futures and bonds following US data. "It's partly position adjustments ahead of a long weekend in the US. It's also in response to falls in the bond markets following US data," said a823 words
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Article132 1994-09-03 12 -15.54 French shares ended down on rate worries after a see-saw day in moderate volume. US jobs data first calmed rate worries about a pending Fed hike and pushed the CAC-40 index up but later returning doubts, combined with market sentiment that German rate reductions are over, dragged shares132 words
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Article275 1994-09-03 12 +3.03 Shares spent the day in positive territory and received a late leg-up from lower-than-expected US non-farm payroll data. Traders are fairly upbeat about the market's prospects next week, with some anticipating institutional buyers will put in a significant appearance. The AEX Index closed 3.03 points higher at 419.14,275 words
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Article178 1994-09-03 12 -3.69 A reversal in the dollar rate after its initial surge on US jobs data pushed Belgian shares off their highs in busy late afternoon trading to close with mild gains. Traders were divided over the market's short-term outlook, with pessimists citing interest rate developments and the lower dollar178 words
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Article172 1994-09-03 12 -2 Italian stocks closed lower for a fourth day, unable to hold on to gains after signs of tame US jobs growth pushed European markets higher. "The market is completely flat," said a trader. "Prices, currency and bond futures just move in a nar- row range every day. Everyone172 words
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Article121 1994-09-03 12 +0.52 Swedish shares closed barely changed at midday and the OMX-Index edged up 0.52 points to 1,136.52 as drugmaker Astra fell. The property sector was weak, while forestry was strong. Turnover was moderate at 1.136 billion crowns. Astra's A fell two crowns to 181, after jumping 12 crowns since121 words
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Article231 1994-09-03 12 +43.6 Swiss stocks closed higher on Roche's higher-than-ex-pected first-half profits and a good earnings forecast by Union Bank of Switzerland. The SMI Index of 23 stocks closed up 43.6 points at 2,672.00, with 19 stocks rising and four falling. Roche reported first-half net profit of 1.623 billion Swiss francs.231 words
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Article304 1994-09-03 12 +47 South African shares finished broadly firmer yesterday as bullish momentum took prices higher in steady trade despite a softening in key indicators. Dealers said a late gold price dip had done little to dampen enthusiasm about prospects for related shares. Traders said speculative buying ahead of any easing304 words
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Article762 1994-09-03 12 -9.71 The Dow Jones Industrial Average, which fell 11.98 points on Thursday, was down 9.71 points to 3,891.73 at 1 lam EDT. The key barometer was ahead 10.68 points to 3,912.12 shortly after the market opened. The New York Stock Exchange Composite Index was off 0.44 to 260.54,762 words
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Article252 1994-09-03 12 -2.27 Stocks flattened out to trade mixed at midday after starting the morning stronger on an unexpectedly low rise in US August payrolls. "Everybody's had their little hurrah and around lunchtime, it will get really quiet here," said a dealer. The TSE-300 Composite Index edged down 2.27 points to252 words
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Article648 1994-09-03 12 Frankfurt Stp 2 DM Act 174. SO -2 00 BASF 327 JO -150 BMW 119 00 -7.50 Bayer J76 50 70 Ba»er Veteiitthank 460 00 J 00 (ommer/bank 333 00 3 00 Conti Gummi 251.00 100 Daimler-Bciu 139 50 -ISO Deutsche Bank 730.00 +2 50 Drcsdner Bank 410 50 3648 words
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Article, Illustration3000 1994-09-03 13 Reuter, Bloomberg Business News HONGKONG Stocks finished slightly higher after a day of slow trade as investors were sidelined ahead of the weekend and key US economic data, brokers said. "It's been very quiet today, I think people are waiting for the non-farm payroll data from the United StatesReuter,; Bloomberg Business News; Source: Bridge Info - 3,000 words
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Article, Illustration508 1994-09-03 13 CLSA THE Shanghai B index fell 27.78 points to 870.14 on a turnover of US$3.9 million. Pilkington Glass closed at U551.00, or 22 per cent down. This was due to a very small transaction at the market close, and did not reflect its real value. The average trading priceCLSA - 508 words
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Article, Illustration2430 1994-09-03 13 Reuter TOKYO Despite another day of zestful selective buying of individual issues in the construction, steel, and telecommunication sectors, Tokyo stock indices ended little changed. Trading ranges were extremely tight, but market turnover continued to pick up. "Next week we're going to see foreign buying of construction, machinery andReuter; Source: Bridge Info - 2,430 words
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Article, Illustration1836 1994-09-03 13 Bloomberg Business News BANGKOK The Stock Exchange of Thailand index rose for the sixth day, with Telecom Asia Corp leading the market to a 0.87 per cent gain. "Investors are buying the industry blue chips," said Surachai Pramualcharoenkit, an analyst for Multi-Cred-it Corp of Thailand. "But Telecom Asia's gainBloomberg Business News; Source: Bridge Info - 1,836 words
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Article, Illustration1141 1994-09-03 13 Reutcr JAKARTA Share prices closed up in moderate trading led by Smart Co, which rose on a controversial government decision to apply taxes on palm oil exports from Sep I. "The market seemed to believe that the move would advantage Smart on the back of rising cooking oil prices,Reutcr; Source: Bridge Info - 1,141 words
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Article2513 1994-09-03 14 MOST ACTIVS volum# W il Muhi-P Wi 8.969.000 Muhi-Purpose 4.701.000 Idm Hyd MX 3.924.000 Ind Oxygen Wt95 3.893 000 B Kaya TSK97 J.744.000 Kromct 3.623.000 Ind Oxygen 50c 3.045.000 Mcnang Corp 2.769,000 Mulpha I ml 50c 2.721.000 Bcrjaya L Wi99 2.S7I.OOO Kamunting 50c 2.218.000 Kcnong Bhd 50c 2.194,0002,513 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6039 1994-09-03 14 Bloomberg Business News KUALA LUMPUR Stocks rose for a fourth day to reach their highest level in over seven months in response to a slew of strong interim reports, traders said. "People are still positive about this market," said a dealer. "Their confidenceBloomberg Business News; Source: Bridge Info - 6,039 words
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STOCK EXCHANGE OF SINGAPORE
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Article8171 1994-09-03 15 [MAIN BOARD Transaction date: Sep 2 (,r Cr M HI 19*4 Ln) Vol Dar Di» tld Net C»p v>l High Lm tomp.ii> Sale (000> High Um #«>« Viler Or P/F. Smil Price INDUSTRIAL AND COMMERCIAL 1440 835 I Ycma -WO -5 59 9*) 990 985 W ITS 4.7 18 IS.*8,171 words
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Article, Illustration1876 1994-09-03 16 R Sivanithy - By R Sivanithy SINGAPORE After a decent run-up on Thursday, the market yesterday consolidated its gains, with interest here switching from property stocks to the hotel and finance sectors. In fairly active trading, the Straits Times Industrials Index dropped 6.22 points to closeCharts by Bridge Info; Source: Bloomberg - 1,876 words
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Page 6 Advertisements
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Advertisement624 1994-09-03 6 MARKET MOOD For next week's expected market sentiment, see BT Sentiment Index on E1.4 (Personal Finance Investment section) NEWS VALUE S'pore, M'sian stocks set for another rally: analysts (pg I) Hotel stocks in particular have some way to go. Hong Leong Bank listing will yield Ms62om for HLCB (P8 I)624 words
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Page 9 Advertisements
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Advertisement360 1994-09-03 9 B II S T NR S S T I MES TOLL-FREE TEL. No. 1-80Q-741-1883 FAX: 741-1298 I LEE KUAN YEW SCHOLARSHIPS I The Le* Kuan Yew Scholarships are prestigious Postgraduate Scholarships Intended for I I outstanding Singaporeans to pursue postgraduate studies overseas or locally In order to I I develop360 words
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Page 10 Advertisements
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Advertisement50 1994-09-03 10 ■BSE^SEBH You may have been unable to get your Business Times. Straits Times, Sunday Times, LlanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately To ensure a daily copy, cal Customer Services Section on 1800-74&-2577, and ask lor home or office delivery service.50 words
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Page 11 Advertisements
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Advertisement64 1994-09-03 11 CORRIGENDUM Prices and vintages in the advertisement of the wine merchant, Corndale Consultants, published in the Business Times, 31.8.94, were wrong. Please find the correct prices in Corndale Consultants' advertisements in the Business Times, 2.9.94 and 3.9.94. Find a new owner for your apartment Make a move to sell your64 words
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Advertisement42 1994-09-03 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing Figures are carried instead. \Wmmm ißtiHifltitiifli ilflili ifPPWffHi wmmm* Call I I 737-1166 J to p/oce f I a quick- c .a.t.s. I acting ad. [7>7-n*«|^j42 words
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Page 12 Advertisements
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Advertisement40 1994-09-03 12 singapokk rri nessßus Business Times Wt: KNOW AIM Customer Relations Section Circulation Department Jfef;m Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: News Centre Singapore 1334 fiSJSra S# m Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) f40 words
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Advertisement171 1994-09-03 13 jrn Mouton Ratftadtild 1921 SIMS Hmlilm 1955 $MO Morton Rathadtild 194* 424 Hm Brian 19*1 SMI Mouton fexWuld Had Irion 19M 130 1 Mouton RMhadiild I*2 41) Haul Irian 1982 I 247 Mouton RMhKhlld IM4 S 244 Han* Irian 1969 252 1 —Miijiu 1900 tiUS Chml Blanc 1949 ***** GUARDIAN171 words
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Advertisement17 1994-09-03 14 ffSpt PORT SHOTS 3teSt n j 3 r j 3nC nC transPortat'on- Y— r| 1 Business Times17 words
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Page 15 Advertisements
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Advertisement193 1994-09-03 15 OBNDALECONSULTAjVtx. 4 0 Moaton KMhschild 1921 SIMS Hart BriM 19SS SMO Moutoa RiMhadiild 19M 424 Hart Irion 19*1 fIU Mowton Rirthachild 1978 331 Hart Brian UM I 330 Mouton Rothschild 14t2 41) Hort I run 19«2 2*7 Mou,on fUthaduU IM* 244 Hart Un IM9 f 252 CUAKDIAN OF GREAT VINT193 words
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Page 16 Advertisements
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Advertisement373 1994-09-03 16 I OFFICIAL NOTICE I, Paul Lee of Kee Shipping Pte Ltd hereby give notice that in consequence of intended changed of ship's name. I have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179), in respect of the ship BA. "ORIENT I"373 words
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Advertisement242 1994-09-03 16 BIU^^STMMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 IN THE MATTE* OF THE COMPANIES ACT, CAP. AND L.T.E. TRADING PTE LTD (I. 1 I-«-AI V u .-ncmoen vownisry u^vmun) NOTICE IS HEREBY GIVEN purtuMl to Sectua 30«<2)0f the Compwiiei Act. Cap 50. (hat the Final Meeting of the abovcaanwd Company will be242 words
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Advertisement14 1994-09-03 16 Make new business contacts through classification 203 in The Straits Times Classified, cxtj. |737-U«l14 words
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Advertisement310 1994-09-03 16 GLENCORE SINGAPORE PTE. LTD. (formerly known as Marc Rich Co. Pte Ltd) ANNOUNCEMENT We are pleased to announce that with effect from 1 September 1994, Marc Rich+Co. Pte Ltd will be known as "Glencore Singapore Pte. Ltd." Please note that notwithstanding the change of name, there has been no change310 words
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Executive Lifestyle
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Article, Illustration1671 1994-09-03 17 Susan Tsang - Susan Tsang talks to professionals who left their cushy jobs in pursuit of personal fulfilment Susan Tsang ART GALLERY owner Gim Ng hasn't drawn a salary for the past three years. In order to go into the art business, he gave up his job, a companyBen Cruz - 1,671 words
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STRAWS IN THE WIND
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Article33 1994-09-03 17 WHAT do you think of SBC's new breakfast TV programme? "It's ok." said one viewer. "But you can't bring your TV into the toilet with you. I'll stick to my newspaper."33 words
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Article57 1994-09-03 17 THE PLAGUE of the journalists strikes again. A computer company bigwig spoke at length to one of our reporters before he suddenly stopped and asked the reporter where he was from again. After being told, the man blurted out: "You can't publish the information I gave57 words
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Article33 1994-09-03 17 WHILE in Hongkong, a Singaporean tried out his Cantonese in a restaurant. He asked for pak fan (white rice), but his inflection made it sound like he was asking for cocaine.33 words
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Article77 1994-09-03 17 COPYWRITERS can really go overboard. Take this press release from the Octville Golf and Country Club, which starts off: "We live our lives with the intensity of fools, striving to heights unaccounted, and leave unannounced to certain destiny. Wouldn't we rather let in the light of the77 words
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OPINIONS
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903 1994-09-03 18 Neville Stack - It is good, says Neville Stack, that nest-feathering for departing CEOs is being increasingly frowned upon Neville Stack, The writer is a political commentator based in London. He contributes regidarly to BT. SAYING goodbye to the boss in Britain entails much more than903 words
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576 1994-09-03 18 Robert Reno - Robert Reno says future generations must bear a huge burden Robert Reno AP FOR good reasons that have to do with taste and human dignity, no civilised nation would commemorate its incineration of Hiroshima or the firestorm at Dresden orAP - 576 words
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Article, Illustration751 1994-09-03 18 Maggie Ford - Maggie Ford would like Myanmar to combine development with cultural conservation Maggie Ford The writer, a Jakarta-based journalist, visited Myanmar recently. She writes regularly for BT. SINGAPOREAN investors flocking to Myanmar to seek business opportunities will very rapidly discover that thcv are entering a751 words
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626 1994-09-03 18 Jerry Knight - Jerry Knight explains why Americans ostensibly eating healthier are getting fatter Jerry Knight Washington Post Americans guzzle ussis billion (5522.5 billion) worth of diet soft drinks a year. They gobble up US$2.4 billion worth of Healthy Choice, Weight Watchers, Lean Cuisine and the like, andWashington Post - 626 words
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CORPORATE PROFILE
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Article, Illustration2261 1994-09-03 19 Amy Balan - Asia's corporate giants What is life like in the fast lane? Amy Balan speaks to the people behind one of Malaysia's largest conglomerates Amy Balan THE SENSE of urgency is palpable. It hits you as soon as you step into the understated and functional corporateSource: from Renong 1993 annual report and announcements - 2,261 words
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799 1994-09-03 19 IT USED to be a speculative play for punters. But in recent months, Renong has become increasingly an institutional stock. It is hard, though, to find an analyst who tracks Renong, the company, and rarer still one who faithfully tracks the whole group. It's799 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration59 1994-09-03 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, OCBC Investment Research, Phillip Securities, S G Warburg, Smith New Court,59 words
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Article213 1994-09-03 20 BZW (Sep 2) Singmarine. Will deliver explosive earnings growth averaging more than 40 per cent per annum for the next three years. There is room for further upward revision in earnings as the group is constantly bidding for new shipbuilding contracts. Ong Co (Sep 2) Wing Tai. Excellent China213 words
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Article90 1994-09-03 20 Kay Hian James Capel (Aug 26) Superßowl. Unique play on leisure business. Owns Singapore's largest chain of topnotch bowling centres due to its ability to develop own centres and to tap parent company's strengths. Strong upside to growth from regional centres after 1995. Subscribe for tender portion up to90 words
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Article83 1994-09-03 20 Mon, Sep 5. Singapore: Elec Eltek International Co's shares to begin trading on main board. Kuala Lumpur: Telekom Malaysia to hold special stockholders' meeting to discuss USS3OO-500 million (SS4SO-750 million) Euroconvertible bond. Tue, Sep 6. Washington: July housing completions and domestic unit vehicles sales data. Washington: The Labour83 words
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Article, Illustration325 1994-09-03 20 Benny Ong - Benny Ong Director of Life Planning Associates t U alph Waldo Emerson said: 'A Ax. man is a hero, not bccause he is braver than anyone else, but because he is brave for 10 minutes longer.' People don't become heroes because of their knowledge or their good325 words
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Article, Illustration533 1994-09-03 20 Joyce Quek - Analysts are expecting office property prices to set a new benchmark. Joyce Quek reports Joyce Quek THE MAIN theme this week was takeovers and there was plenty to mull over. The targets: an Australian confectioner and a boutique watch retailer.533 words
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661 1994-09-03 20 Paul Leo - He expects economy to hold steady and DBSSO Index to hit 726 by end-1995. Paul Leo reports Paul Leo WILL the Singapore economy continue to grow strongly? Will the export sector continue to underpin growth? Will the stock market continue to661 words
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Article168 1994-09-03 20 The local stock market still has plenty of go for the rest of the year. Blue chips will continue to be in demand despite the recent gains. This is the view of Madeleine Lee, associate director of Morgan Grenfell Investment Management (Asia). In the near term,168 words
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Article158 1994-09-03 20 NOMURA Securities senior vice-president Ngo Get Ping remains bullish on the Singapore stock market, but more so across the Causeway. He would maintain a weighting of 8 to 9 per cent in Singapore and overweight Malaysia by 5 per cent to 35 per cent. On158 words
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Article, Illustration689 1994-09-03 20 Andrew Pearson - Eve on the region Andrew Pearson explains why he thinks the recent rally in stocks is sustainable Andrew Pearson The writer is research head of PT Peregrine Sewn Securities OUT OF favour for most of June-July, the Indonesian market has made aSource: Bridge Info - 689 words
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Article, Illustration1358 1994-09-03 21 A J Leow - By A J Leow THE PUBLIC share offer of leisure operator Superßowl Holdings may very well turn out to be a "turkey". But that is good news for successful investors. For in bowling parlance, a turkey refers to a series of at least1,358 words
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Article, Illustration468 1994-09-03 21 Shahiron Sahari - BT Golf Index By Shahiron Sahari THE BT Golf Index, after four straight months of decline, breathed a figurative sigh of relief, almost, when it inched up 2.54 points in August to close at 234.04. This one per cent rise, from468 words
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575 1994-09-03 21 Shiv Taneja - Shiv Taneja recommends travel insurance for those setting off on their vacation Shiv Taneja Falling seriously ill while on vacation, losing your bags in transit, or finding yourself marooned at some obscure airport because of foul weather is hardly something you plan for575 words
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Article, Illustration1010 1994-09-03 21 James Glassman - Despite the slump, James Glassman says there's no hurry for small investors to get out James Glassman AP LAST year, investors doubled their money in mutual funds specialising in the stocks of countries such as India, Turkey and Indonesia. But in the firstAP - 1,010 words
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Article, Illustration702 1994-09-03 22 SUSAN TSANG - Cinema Review By SUSAN TSANG IN Ace I'entura: Pet Detective. Jim Carrey was somewhat of a human cartoon. Now, he goes a step further whenever he puts on The Mask. Before he finds The Mask, Stanley lpkiss is faceless, just another mildmannered fellow who lives in a702 words
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Article, Illustration729 1994-09-03 22 SUSAN TSANG - By SUSAN TSANG WHY DO we get such strange winners for the Foreign Language Film Oscar? Perhaps ifs a conspiracy to make the rest of the world look bad, or maybe the trauma of watching a film in an unknown language jams the voters' brains. Whatever729 words
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Article, Illustration1206 1994-09-03 22 JAIME EE - Travel By JAIME EE THE CHESTNUT pony's tail swished lightly in the breeze. Its handler, a young Thai no more than 16, was huddled underneath. taking a shady nap under his living umbrella while waiting for business on a lazyPhotos by Samuel Ee - 1,206 words
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Article, Illustration745 1994-09-03 22 SUSAN SZARKOWITZ - Book Review By SUSAN SZARKOWITZ Made In America By Bill Brvson Seeker Warburg 479 pages $35.95 (with GST) BILL BRYSON does several things at once in Made In America. He explores the development of American English from the Pilgrims to745 words
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Article, Illustration599 1994-09-03 23 Parvathi N Narayan - Exhibitions By Parvathi N Narayan The writer is an artist who contribute this article to Executive Lifestyle "BUT arc these really paintings?" Paradoxically, Sherry Sheung Sheung lu would be pleased with this comment about her works. After ail. she says, "How can painting go beyond painting without losingPhotos by Chris Loh - 599 words
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SPORTS
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SPORT SHORTS
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Article, Illustration97 1994-09-03 24 AP LONDON British track's governing body stood firm under pressure on Thursday, refusing to pull its women's track team out of the World Cup despite Diane Modahl's positive drugs tests. However, the team will take part in the competition under the risk of having its results, including any worldAP - 97 words
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Article, Illustration90 1994-09-03 24 Reuter CHICAGO Michael Jordan will not take a break from his minor league baseball stint to return to the basketball court for a charity game next week, the Chicago Bulls said on Thursday. There had been speculation that Jordan would join former NBA champion teammate Scottie Pippen who hasReuter - 90 words
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Article, Illustration274 1994-09-03 24 AP TOMAKOMAI, Japan American Todd Hamilton qualified yesterday for the semifinal round of the Japan PGA Match Play Championship along with Japan's Shigeki Maruyama, Ryoken Kawagishi and Ikuo Shirahama. Hamilton, who ranked sixth in the 1993 Japan PGA money rankings. downed Katsuyoshi Tomori 2 and I in the 18-holeAP - 274 words
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Article, Illustration134 1994-09-03 24 UPI ROME There were few surprises on the initial day of competition at the Seventh world championships on Thursday as China's powerful diving team took charge of the opening events. Fu Mingxia, the defending world champion and reigning Olympic title holder, comfortably led the qualifiers irt the women's platformUPI - 134 words
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Article, Illustration333 1994-09-03 24 NEW YORK U559.36 million US Open 4th day Thursday Men's 2nd rd: Bemd Karbacher (Ger) b Ivan Lendl (US) 6-4 7-6 (7/5) 1-0 ret; Thomas Muster (Aus x 13) b Maurice Ruah (Ven) 6-4 4-6 6-4 6-2; Marc Rossct (Swi xls) b Nicklas Kulti (Swe) 6-4 6-2 6-7 (2/7)333 words
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Article, Illustration761 1994-09-03 24 US Open AP NEW YORK One came to say hello, the other to wave goodbye, Lindsay Davenport in her stadium court debut at the US Open. Pam Shriver in her likely farewell, both lingering to soak up the moment. There wasn't much time for sentimentalityAP; Reuter - 761 words
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632 1994-09-03 24 Reuter NEW YORK The National Football League launches its 75th season tomorrow with plans in plaee to salute the past. The real interest lies in how radical new changes within the game will affect the future. A salary capReuter - 632 words
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PEOPLE
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Article, Illustration218 1994-09-03 24 ER MECHATRONICS became the first tenant at the Jurong Town Corporation's International Business Park recently and spared no expense to celebrate the occasion. It flew in a cool jazz band from New Orleans that mesmerised even hardened businessmen as they lunched on a lusciousPhotos by Arthur Lee - 218 words
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TIME OFF
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Article, Illustration696 1994-09-03 25 Shahiron Sahari - Shahiron Sahari was at the one-night-only performance of the American quartet in Singapore on Thursday Shahiron Sahari WHAT is it with this fascination for reproductions? Not the watch or polo shirt variety of reproductions, but the live remakes of successful acts either long gone or696 words
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Article662 1994-09-03 25 GuHiver Travels Act 3 do their interpretation of the story about the big man who gets shipwrecked and winds up in the land of the little people. Suitable for those six years and over. Sep 4 to 9. 2.30pm and 7.30pm at the Drama Centre. Tickets at $10 from662 words
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Article, Illustration532 1994-09-03 25 Guitar Recital Italian classical guitarist Frederic Ziglante will be in town to perform for one night only. His repertoire includes works by popular classical composers Fernando Sor. Albeniz and Villa-Lo-bos. Today. Bpm at the DBS Auditorium. Tickets at $10. $15 and $20 available from Tangs, and Yamaha Music School.532 words
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Article336 1994-09-03 25 Pelle the Conqueror Max von Sydow is the impoverished Swede who moves to a Danish island with his son after the death of his wife to try to improve his lot in life. This movie won an Oscar for Best Foreign Film. Sep 5. 6.45pm at the Jubilee Hall.336 words
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Article893 1994-09-03 25 My Wallpaper and Things Chinese artist Sherry Sheung Sheung lu presents her works and installations that transcend the realistic and surrealistic. Till Sep 4. at the Plum Blossoms Gallery. RaJJles Hotel. Contemporary Romanian Art Exhibition Featuring the works of four Romanian artists Marin Sorescu, Stan Done, Vasile Geroge and893 words
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Article385 1994-09-03 25 State of Residential Property Market in Singapore The National University's School of Building and Estate Management is organising this forum which looks at the current market conditions and what it holds for the future. Is the residential property boom over and where are prices heading? Panelists will answer these385 words
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Article315 1994-09-03 25 Organised by the Samaritans of Singapore. this is a week long series of exhibitions, films, talks and workshops to help people understand more about suicide; what drives people to take their own life; how does one cope; and how to deal with problem:# NOTE: All movies will315 words
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Article204 1994-09-03 25 Lantern Festival '94 This festival features the China Lingnan Lantern Show and also a Vietnamese cultural show. Of course, no Chinese festival would be complete without the lion and dragon dances. Sep 8 to 20. 9am to 10pm at the Chinese Garden. Fees: $3 (children) and 55 (adults). Recruitment204 words
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Article365 1994-09-03 25 Are we listening A screening of the documentary are we listening that presents the history and situation of local pop music as expressed by the public, the musicians and the press. This is followed by a panel discussion by some of the big(ger) names in the pop365 words
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Article63 1994-09-03 25 The Necessary Stage Are looking for actors (both male and female) aged 20 to 40, for roles in their upcoming play My Grandfather in a Cellar for the Festival of Asian Performaing Arts '95. Audtionees must be able to speak Peranakan, ie. Malav and Hokkien as well as English.63 words
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Article134 1994-09-03 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum Galleria, Liang Court. Raffles City. Scotts. Specialists' Centre. Takashimaya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, ll'isma Atria. Centrepoint and Tangs. Hotline: 269-2929. If134 words
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EPICURE
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Article, Illustration661 1994-09-03 26 JAIME EE - Bon Appetit By JAIME EE IT SOMETIMES makes you wonder, when there arc many Thai restaurants in Singapore but only a couple of very good ones, why new ones keep sprouting up offering fundamentally the same fare with varying degrees of success. The latest entrant in thePhoto by Chris Loh - 661 words
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Article, Illustration575 1994-09-03 26 SHAHIRON SAHARI - By SHAHIRON SAHARI KHAZANA translates roughly as hidden treasure that has just been found which seems an apt choice for a restaurant name. The latest addition to Boat Quay, Khazana is also the fifth Indian restaurant in what is getting to be a very crowded stretch. New restaurantsPhoto by Arthur Lee - 575 words
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Article, Illustration783 1994-09-03 26 N K YONG - Wine By N K YONG HUBERT TRIMBACH, one of the two Nth-generation Trimbach brothers who run the 360-year-old family winery F E Trimbach, is the epitome of Gallic charm and persuasiveness as he eloquently holds forth about Alsace wines in general and his wines in particular. Listening to783 words
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Article, Illustration1059 1994-09-03 28 A Confucian Confusion. Edward Yang's characters muse about truth and fakery in art and life, and sort out their relationships. Picturehouse: 11; 1.30; 4; 6.45; 9.15. Belle Epoque. During the Spanish Civil War, a deserter goes to a big house and sleeps with the master's four daughters. This took1,059 words
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Page 17 Advertisements
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Advertisement256 1994-09-03 17 '*n n b n 24-hoor 'Loan information Service ft Approval*' 1800 334 358 8* Wl 8 0 3 4 3 6 8 8] Since 1735 there has never been a quartz Blancpain watch. And there never will be. The ultra-slim watch Expressing the essential. The first masterpiece in the art256 words
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Page 18 Advertisements
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Advertisement51 1994-09-03 18 W fare thesel I people I going? j I YOBR I HOUSE 1 :£j Make your garage sate a success. Make a call to place an ad in The Straits Times Classifted. II Hurry, your deadline is s:oopm daily for the following day's publication. 5737-***** THE STRAITS TIMES CLASSIFIED C.A.T.S.51 words
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Advertisement142 1994-09-03 18 SINGAPORE DANCE THEATRE founders artistic directors: Goh Soo Khim and Anthony Then presents A CLASSIC AND AN ENCORE 6th Bth September 1994 Victoria Theatre Bpm Act The Sleeping Beauty Variation from the Prologue "Aurora's Wedding music by Tchaikovsky: The Sleeping Beauty v> choreography by Anthony Then Martus Petipa, with additional142 words
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Page 18 Miscellaneous
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Miscellaneous92 1994-09-03 18 S 1 NOT SO POUCH V>iUf\T F\ JfWW UF&\ V VOINDOUJ DeeS&NG. J unr=nidMi'" Smcl VtoPie, UK£ *3U.... J \H [|g| 4i giH cHßteyt (rwpsT Afak MOST op UIS J aw/ mNAHwk \UiOfc*»»lG urc PfeULfeJp ASSOCIATED NEWSPAPERS LTD, IM2-IM4 -TSmMB WBy POONESBURY GARRY TRUDEAU C SnxSmi l idontksjouj icajutrr beyond92 words
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Page 20 Advertisements
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Advertisement9 1994-09-03 20 i CAB NOW. PAY LATER. THE CORPORATE TRAVEL CARD9 words
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Page 23 Advertisements
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Advertisement229 1994-09-03 23 VITAL jm ■■Investing on fundamentals or punting for n a quick profit -it pays to know about a I company before putting in your money. Company Spotlight lets you gen up on hot stocks. It gives. Key information about the company, V including its financial position over I I several229 words
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Page 24 Advertisements
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Page 26 Advertisements
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Advertisement120 1994-09-03 26 M Mi A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, siew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, Some-made pastries fresh fruits. All these and lots more,120 words
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Advertisement14 1994-09-03 26 FIND YOUR KIND OF JOB IN THE STRAITS TIMES CLASSIFIED EMPLOYMENT SECTION TcMT *****6614 words
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Page 27 Advertisements
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Advertisement709 1994-09-03 27 Nothing Beats A BucLftaafl OF i^— FRESffI .PASTA BDAILY. F From Pasta Fre sea. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific Mramisu. All topped with Italian hospitality. Pasta Fftxo Do Salvator* Pta Ltd 30 800 l Quay. SI0104! (Open709 words
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Advertisement265 1994-09-03 27 WHERE TO WINE, DINE AND ENTERTAIN 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. i High-Tea: $12.00 (adult) 8.00 (child) E w265 words
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Advertisement398 1994-09-03 27 ILnoiigiko Enomglio fenomglio ILnougfi is enough. 35 appetisers, 20 desserts plus main courses. 'When our guests start on the 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) Jot398 words
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Page 28 Miscellaneous
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Miscellaneous2588 1994-09-03 28 TODAY'S TV 900 ABN News (M). liL*JiHV 9-30 CNN t Market BiHßllliliM Ig» m r Report (M). Three O'Ctocfc High, 2pm, SBCS The Southern Silk Road, 9am, U XS )ec V y (M) SBC 8 Wl v 11.00 CMdren s Club (L). Casey Siemaszko is a nigh- 3W 12.00 NN2,588 words
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