The Business Times, 10 September 1994
1994-09-10
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The Business Times
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Title Section14 1994-09-10 1 SINGAPORE Business Times WE KNOW ASIA mita(P) 010/12/93 Weekend Edition, September 10-11 1994 75*14 words
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525 1994-09-10 1 Vikram Khanna - By Vikram Khanna SINGAPORE India might agree to insert a clause into its double taxation agreement with Singapore to enable more investments to flow to India via Singapore, Indian Prime Minister P V Narasimha Rao indicated yesterday. Aspects of Singapore's525 words
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384 1994-09-10 1 Shiv Taneja - By Shiv Taneja SINGAPORE Twelve deals valued at more than $800 million were signed between Singapore and Indian companies yesterday, the third and last day of a visit by Indian Prime Minister P V Narasimha Rao. Minister of State for Trade and Industry Goh384 words
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Article, Illustration423 1994-09-10 1 Juliette Walker - By Juliette Walker SINGAPORE Punters shelled out a total of $2.2 million for 41 race horses at Singapore's first-ever thoroughbred auction. The Singapore Turf Club auction, which ran safely after the end of the Hungry Ghosts Month, highlighted the bigPhoto by Simon Thong of ST - 423 words
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204 1994-09-10 1 The Straits Times KUALA LUMPUR Malaysian authorities yesterday raided a commune of the outlawed Al-Arqam group and detained 139 people, including sect leader Ashaari Muhammad's daughter-in-law. Eighteen of them 10 women and eight men were charged later in the Seremban Syariah Court forThe Straits Times - 204 words
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Article, Illustration257 1994-09-10 1 Paul Leo - By Paul Leo SINGAPORE A search in three countries for a chief executive for listed soft drinks maker Yeo Hiap Seng ended yesterday with the appointment of Member of Parliament for Tampines GRC Chng Hee Kok. YHS said yesterday Mr257 words
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2am LATEST
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221 1994-09-10 1 Bloomberg Business News Reuter NEW YORK Revived inflation fears battered stock and bond markets and slammed the dollar yesterday after US producer prices made their biggest leap in four years. The Dow Jones Industrial Average was down as much as 42Bloomberg Business News; Reuter - 221 words
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Article161 1994-09-10 1 Stock market indices Friday Ch«n*e STIl 2.299.96 -4.27 KLSEComp 1.181.66 +0.49 Nikke. 19.897.88 -19.90 Hang Seng 10.145.02 -5.96 SET Index 1.508.85 -16.71 Jakarta Comp 532.36 -0.48 CLSA China B ...1.234.97 +10.15 AuslAllOrd 2.070 6 -18 5 FTSE 100 3,139.3 -40.7 Friday Pre»io«s 2pm eiose Dow Jones 3.867.07 3.908.46161 words
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Page 1 Advertisements
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Advertisement12 1994-09-10 1 Interview with Jeffrey Archer: el i Peer under pressure juvßr- 1" |RV12 words
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Advertisement31 1994-09-10 1 Hotel stocks: el s What to buy Deals mark start of business cooperation, Pg 3 PM Goh: India not locked out of regional groups, Pg 3 ********** l 8 I *****1"*****231 words
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Advertisement270 1994-09-10 1 Hock Lock Siew: pg 6 P4 Parkway Parade's promising futufe'\ PM Goh to begin visit to Australia on Monday, Pg 3 Who's who in the race for Singapore's cellular phone and paging licences, Pg 2 tSince 1735 there has never been a quartz Blancpain watch. And there never will be.270 words
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Advertisement9 1994-09-10 1 Raffles Conversation: EL 3 HK central banker Joseph Yam9 words
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Advertisement6 1994-09-10 1 I jkM MMM'f^r^iSPifl^^BE' See Pg 46 words
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Advertisement40 1994-09-10 1 I COWTENT* Nmm CaapaatM S port News 2 S'pore-MsM 6,7 Region* News 3.4 fwncui 10 Wortd News 4.5 Opmons 02 CWKLSt. SCS 14-16 f JBL4S ««ron»l 12 Reviews ai? "odd 12 Sports Bi Currenaes 10 TV/Ra*o Ell 2 Sma/Commo ..-1140 words
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SINGAPORE NEWS
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618 1994-09-10 2 Genevieve Cua - By Genevieve Cua A TOTAL of 10 consortia have put in bids for a cellular phone licence, and nine groups for three paging licences that are up for grabs. Among them are a handful of new groupings, the Telecommunication Authority of Singapore618 words
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338 1994-09-10 2 THE steep rise in property prices is worrying Singapore s oil and petrochemical industry, warns the latest issue of the Singapore Oil Report. The report, published by a local company called The Strategist, says that while many investors in the338 words
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NEWS ROUNDUP
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Article, Illustration92 1994-09-10 2 THE CONCEPT of an excellent service scheme and the best shopping complex award may be introduced to nationally recognise good service in Singapore. This was revealed yesterday by Tch Ban Lian, chairman of the Singapore Retailers Association, and head of this year's National Productivity Month92 words
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Article63 1994-09-10 2 A ROMANIAN delegation has arrived to promote trade with Singapore. Led by loan Ban. director of the Asia Pacific Department of the Romanian Ministry of Commerce, and Valer Potra, counsellor to the Minister of Commerce, the delegation will hold talks with the Singapore Manufacturers' Association,63 words
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410 1994-09-10 2 Audrey Tan - By Audrey Tan SINGAPORE products generally need to be better designed. That was what the judges of this year's Singapore Design Award concluded. Still, panel chairman Tay Kheng Soon said he was "pleasantly surprised" by the high quality of the eight entries shortlisted410 words
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188 1994-09-10 2 THE government will take over the funding of universities' research activities to prevent such costs from inflating tuition fees for undergraduates, Prime Minister Goh Chok Tong said last night. Speaking at a dinner organised by the National University of Singapore Students'188 words
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Page 2 Advertisements
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Advertisement168 1994-09-10 2 •MM' r VJ v#«H 1^ W ;;\fl I lv A customised CYC shirt in a crease-resistant, cottonrich fabric for just $65 Now CYC has a smart solution to keep the work polished appearance. Everytime. In fact, with wrinkles at bay. A revolutionary French fabric our impeccable standards of workmanship, we168 words
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Advertisement71 1994-09-10 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service. The71 words
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Page 2 Miscellaneous
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Miscellaneous210 1994-09-10 2 I CRYPTIC CROSSWORD 1 Sleep and oxygen helping reH■■ 9 Lock-opening craft? (5,4) 3~ openig such bottles? (5) TMr"~ II Scene opera spectacular HL_ 12 Voided contract to secure 15 Terminals which parrot is 19 A National Trust border 1 wmmmm 21 Tenacious advocate _JH__ 23 Blanket found in mountain210 words
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THE REGION
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560 1994-09-10 3 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Prime Minister Goh Chok Tong will kick off on Monday a four-day official visit to Australia, where talks between him and his Australian counterpart will focus on the forthcoming Asia-Pacific Economic Cooperation (Apcc) forum summit in560 words
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309 1994-09-10 3 AP BEIJING The central government's move to turn around China's ailing state firms will be a priority for the rest of the year, an official report said yesterday. Wang Zhongyu, Minister of the State Economic and Trade Commission, urged officials to doAP - 309 words
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197 1994-09-10 3 Bloomberg Business News AFP BEIJING In a sign of rising concern over accelerating inflation, a senior Chinese economist has called for a return to *****-style command economy to bring the economy under control, the official Beijing Youth Daily reported yesterday. Yang Peixin, aBloomberg Business News; AFP - 197 words
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Article, Illustration267 1994-09-10 3 AFP SYDNEY Shipowners warned maritime and port unions here yesterday that they will take court action if necessary to end a strike which stranded more than 120 ships in ports around Australia. Thousands of dockers and seafarers launched on Thursday the country's biggest portAFP; Reuter - 267 words
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S'pore-Viet double tax agreement comes into force
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71 1994-09-10 3 SINGAPORE A joint-venture agreement between TDB Holdings subsidiary, Singapore Network Services Pte Ltd, and the Bombay-based Mahindra Mahindra Ltd to develop a nationwide electronic network was signed yesterday. The joint venture, which has an initial start-up capital of US$5 million (557.4 million), will provide electronic data71 words
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241 1994-09-10 3 SINGAPORE The door to India's membership of the Asia-Pacific Economic Cooperation (Apec) forum and the Asean Regional Forum (ARF) "may not be open, but it is not locked", Prime Minister Goh Chok Tong said yesterday. Accompanied by Indian Prime Minister P241 words
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Article122 1994-09-10 3 SINGAPORE A consortium of Singapore companies led by First Capital Corp will jointly develop an office complex in India with the New Delhi-based Unitech Ltd. The gross development value of the commercial development is about $60 million. FCC said the consortium will own 50 per122 words
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69 1994-09-10 3 SINGAPORE A joint-venture company of Nat Steel Group's steel trading arm, Nat Steel Trade International Pte, and the Thakral Group yesterday signed an agreement with the Bombay-based Ganpatrai Jaigopal Ltd to set up a shipbreaking project in the state of Gujarat in western India. The69 words
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Article91 1994-09-10 3 SINGAPORE Keppel Corp yesterday signed a memorandum of understanding to invest up to $13.5 million for a maximum equity stake of 26 per cent in a private bank in India through its subsidiary, Kephinance Investment Pte Ltd. The final equity stake has not yet91 words
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Article90 1994-09-10 3 SINGAPORE Johor State Economic Corp subsidiary Asia Pacific Seafoods Pte Ltd yesterday signed a memorandum of understanding with Blue Bay Marine Food Ltd of Madras to develop a shrimp farm project at a cost of $18 million. The first crop of seafood is expected in90 words
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Article61 1994-09-10 3 SINGAPORE QAF Ltd, distributor of food products, signed an agreement with the Bombay-based Lamba Group to set up a distribution network for perishable food products, such as meat, vegetables and fruits, in India. The head of the Lamba group, P L Lamba, is the61 words
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Article67 1994-09-10 3 Shiv Taneja - Reports by Shiv Taneja SINGAPORE A Singapore consortium of CWT Distribution Ltd, Inno-Pacific Holdings Ltd and NUR Investment and Trading Pte Ltd yesterday signed a joint-venture agreement with Newsprint Trading and Sales Corp to set up a $30 million warehousing and distribution facility at Jawarharlal Nehru Port67 words
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Article, Illustration457 1994-09-10 3 Vikram Khanna - Reports by Vikram Khanna SINGAPORE On a day when $800 million worth of deals were signed between Singaporean and Indian companies, officials were suggesting yesterday that this was just the tip of the iceberg. "The 12 deals signed do not represent the457 words
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Article75 1994-09-10 3 SINGAPORE Paper and food group Inno-Pacific Holdings Ltd and its joint-venture partner Pamnani Foods yesterday signed a contract with Alcon Real Estate Pte Ltd to buy 6,900 sq ft of real estate for the first Shakey's restaurant in Goa. The restaurant will be operational before the end75 words
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Article104 1994-09-10 3 SINGAPORE A project management contract for the $700 million "Sentosa City" near New Delhi was one of two contracts signed by Temasek Holdings' Construction Technology Pte Ltd and New Delhi-based Growth Techno Projects Ltd yesterday. The 152-hectare project in Ghaziabad, near New Delhi, will104 words
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Article44 1994-09-10 3 SINGAPORE Windmill International Ltd and NUR Investment and Trading have set up a joint-venture company with Greaves Ltd of India to trade in products manufactured by Greaves and to seek investments in industrial and agriculture projects in Indochina and Asean.44 words
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Article135 1994-09-10 3 These are the 12 deals valued at more than $800 million that were signed between Singapore and Indian companies yesterday. SINGAPORE A subsidiary of diversified shipping group Sembawang Corp yesterday signed an agreement with Western India Industries Ltd to develop liquefied petroleum gas and oil terminals135 words
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Article71 1994-09-10 3 SINGAPORE Locally incorporated Com Edge Communications Pte Ltd and a subsidiary of India's largest telecommunication manufacturer, ITI Ltd, signed an agreement yesterday to sell high-quality cordless telephones in completely knocked down form to India. These will be assembled and tested at ITI in India, and71 words
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THE REGION/WORLD
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479 1994-09-10 4 WASHINGTON US wholesale prices surged 0.6 per cent in August, the biggest jump in nearly four years, the government said yesterday. The rise in the Producer Price Index, which measures inflation pressures before they reach the consumer, exceeded analysts' predictions479 words
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439 1994-09-10 4 Reuter TOKYO Japan's top economic planners said yesterday that the nation is moving towards recovery from its worst recession since World War II but stopped well short of promising a full-fledged rebound. "The nation's economy is gradually moving towards recovery as bright spots areReuter - 439 words
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Article1414 1994-09-10 4 C*l Fight ETA F1HM HD_ GA976 0010 flm RJ187 0100 kmnttHttf S025 0630 KL838 2300 KL837 1450 SQ324 2345 Auckland NZ21 1735 BA11 1505 S0286 2040 NZ22 1850 GF148 0905 GF147 0500 B S«fi Betawan BI421 1105 SQ182 0915 SQ181 1410 BI422 1210 B1429 2030 B14301,414 words
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Article, Illustration44 1994-09-10 4 AFP HONGKONG Rescue workers attending to a victim at the site where a brick wall of a department store collapsed yesterday. Five people were killed and three others injured. The department store was under demolition when the wall fell. AFPAFP - 44 words
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421 1994-09-10 4 Reuter LOS ANGELES Ministers from the four big economic powers were set to meet yesterday in the shadows of a USJapan trade standoff that risks escalating into an all-out brawl at the end of the month. Such aReuter - 421 words
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375 1994-09-10 4 Teh Hooi Ling - From Teh Hooi Ling in CHONGQING, China A PRIVATE Singapore company yesterday signed an agreement to build an 80 million yuan (Ssl4 million) theme park in Dazu County, in Sichuan's Chpngqing city. Golden Maya International will build the park to be called375 words
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NOTE BOOK
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Article73 1994-09-10 4 AFP NEW DELHI The Indian government will be denied automatic access to central bank credit to fund its deficits under an agreement signed yesterday aimed at controlling money supply and dousing inflation. The pact set a cap of 60 billion rupees (552.5 billion) on theAFP - 73 words
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47 1994-09-10 4 Reuter BEIJING China yesterday vehemently denied that it would export ballistic missiles to Pakistan. Chinese Foreign Ministry spokesman Shen Guofang dismissed a published report that Pakistan would import from China ballistic missiles that are under the control of international missile agreements. ReuterReuter - 47 words
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Article56 1994-09-10 4 Reuter KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad will make a two-day visit to Indonesia on Sep 16 and 17, Bernama news agency reported yesterday. Dr Mahathir, accompanied by senior ministers, will hold talks with Indonesian President Suharto and deliver a keynote address at the InternationalReuter - 56 words
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79 1994-09-10 4 AFP KUALA LUMPUR Malaysia, once the world's largest natural rubber producer, said yesterday that it was no longer interested in expanding rubber cultivation and instead would invest in plantations in Indonesia. "Rubber planting needs a lot of land but its price could not be controlledAFP - 79 words
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Article70 1994-09-10 4 AFP JAKARTA Indonesian and Malaysian officials yesterday ended three days af talks on the disputed islands of Sipadan and Ligitan without reaching agreement on a mechanism for settling the issue, officials said here. Malaysia said it believed a binding decision should be sought from theAFP - 70 words
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Article76 1994-09-10 4 Reuter TOKYO Kim Jong II was absent from North Korea's Foundation Day ceremonies yesterday, keeping the world guessing about when he would formally take over the leadership mantle of his father. Kim II Sung, who died in July. The ceremonies, reported by Pyongyang RadioReuter - 76 words
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Page 4 Miscellaneous
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Miscellaneous67 1994-09-10 4 I VOU OUT OP YOUR f\ NO ftSL££P V FCR TH-nE. CR 7\p J TH€- miDDL£. OP THE }i LPpvVce. vjr- \J ©ASSOCIATED NEWSPAPERS LTD. IM2-1994 DOONESBURY GARRY TRUDEAU {think OF IT, 9*. 1 {no, CAMP-) m TALXSP TO zwe mee IPWKU IS? L\ i INSTBAPCFBBNG gen, I'M KIPS-THEVRB SMART.'THBIR67 words
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THE WORLD
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366 1994-09-10 5 Bloomberg Business News RICHMOND, Virginia The US faces a brilliant economic future with inflation in check and the economy continuing a sustainable expansion, Richmond Federal Reserve Bank president Alfred Broaddus said on Thursday. The outlook is "about as optimistic asBloomberg Business News - 366 words
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268 1994-09-10 5 Bloomberg Business News LONDON Europe's economic recovery appears to be spreading strongly and the risk of a slide back into recession has shrunk. Only months ago, economists said, little expansion outside Britain was expected. "Now everyone has the impression that growth is much moreBloomberg Business News - 268 words
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Article, Illustration32 1994-09-10 5 AFP BERLIN German soldiers standing to attention in front of Berlin's Brandenburg Gate on Thursday during ceremonies marking the withdrawal of the last Allied troops from the city. AFPAFP - 32 words
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294 1994-09-10 5 Knight-Ridder FRANKFURT Bundesbank president Hans Tietmeyer says "short-lived monetary policy geared to artificial (economic) cyclical effects" could easily destroy confidence in the German mark. In a prepared speech to a US-German conference in Berlin yesterday, Mr Tietmeyer said the prime objective ofKnight-Ridder - 294 words
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WORLD WATCH
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93 1994-09-10 5 AFP WASHINGTON Clandestine US transfers of sensitive nuclear technology to Japan have directly violated the Nuclear Non-Pro-liferation Act, Greenpeace charged on Thursday. According to the environmental group, the US also violated its own laws by transferring the technology, which can be used to separateAFP - 93 words
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Article67 1994-09-10 5 Reuter WASHINGTON In an ominous sign for Democrats facing November mid-term elections, a poll released yesterday found a steep decline in President Bill Clinton's popularity and fierce anti-incumbent sentiment. The poll, undertaken jointly by the Tarrancc Group, a Republican polling company, and Democratic public opinion pollstersReuter - 67 words
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Article59 1994-09-10 5 Reuter MOSCOW US Agriculture Sccretaiy Mike Espy left Moscow yesterday confident that US grain will comprise a "significant amount" of possible Russian grain purchases this year. "It's reasonable to expect any deal will be a mix cash, credits, and (concessional sales)," Mr Espy toldReuter - 59 words
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120 1994-09-10 5 UPI MOSCOW Russian ultra-nationalist leader Vladimir Zhirinovsky said yesterday he wants to personally father a child in each of his party's 100 districts to help boost Russia's sagging birth rate. In an instruction issued to leaders of his Liberal Democratic Party of Russia, theUPI - 120 words
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161 1994-09-10 5 Bloomberg Business News BERLIN US Undersecretary of Commerce Jeffrey Garten yesterday said the US government will step up export promotions to narrow its trade deficit with Germany, though it's not seeking a trade confrontation. He told a conference of USBloomberg Business News - 161 words
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Page 5 Advertisements
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Advertisement252 1994-09-10 5 ISSSS \&M Concord Construction Corp. is HHHH companfes in Taiwan gm± wG-^mm K development that is for tafe overseas I mwtoip«po»iti s«3,ooo^_ Busmess Registration Cetfeate No.: WAi-***** State Owned Use f*gMs Pern* No. *****1 •15% RENTAL RETURN Construction Ptamng Permrt No.: 449 INTEREST-FREE INSTALMENT PAYMENTS Overseas Presaie Perry No.: Sale252 words
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COMPANIES & MARKETS
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EYE on your STOCKS
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Article18 1994-09-10 6 For next week's expected market sentiment, see BT Sentiment Index on FL4 (Personal Finance Investment section)18 words
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Article, Illustration126 1994-09-10 6 Quak Hiang Whai - By Quak Hiang Whai Inno Pacific Holdings, the star performer this week, is a badly overbought stock. It has reached a level where only the bravest will dare move in. From 62 cents only last month, the price has moved up to 87 cents. It already faced some126 words
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Article, Illustration453 1994-09-10 6 Rahita Elias - By Rahita Elias SINGAPORE National carrier Singapore Airlines plans to buy properties in Madras and Auckland, further boosting its overseas property portfolio. It is eyeing two buildings in Madras. SIA Properties general manager Richard Chong said SIA hoped to finalise a deal by thisPhoto by Chris Loh - 453 words
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360 1994-09-10 6 SINGAPORE Air New Zealand plans to establish more commercial partnerships with Singapore Airlines and other national carriers in the Asia-Pacific region. Responding to a query after a press conference yesterday, Eric Smitton, Air New Zealand regional general manager for Asia and Japan, said:360 words
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835 1994-09-10 6 Abdul Hadhi - HOCK LOCK SIEW By Abdul Hadhi SINGAPORE Touted as the only regional hospital play in the local market, Parkway Holdings had been commanding "buy" recommendations from various broking firms until recently. It was a buy at $2.56 a share835 words
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268 1994-09-10 6 Paul Leo - By Paul Leo SINGAPORE The investment arm of Jardine Matheson Holdings, Jardine Fleming Investment Management, has increased its stake in Orchard Parade Holdings to 6.1 per cent from 0.23 per cent. JF Investment said yesterday it now owns 3.17 million Orchard Parade268 words
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254 1994-09-10 6 SINGAPORE Inno-Pacific Holdings (Inno-Pac) easily the stock market's flavour of the week said a substantial shareholder of the company is negotiating to sell 9.1 million Inno-pac shares. Replying to a query by the stock exchange on the recent sharp rise254 words
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217 1994-09-10 6 SINGAPORE Listed furniture maker Hwa Tat Lee Ltd has set up a wholly-owned trading subsidiary in Shanghai, and has started production in its first factory in China, in Kunshan. Hwa Tat Lee (SZ) Trading Shanghai Co Ltd, or HTL Trading Shanghai217 words
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258 1994-09-10 6 SINGAPORE Recently listed Super Cofleemix yesterday announced a net earnings of $3.49 million for the six months ended June 30 just 7 per cent short of its full-year results of $3.74 million in 1993. Turnover at half-time was $20.49 million258 words
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270 1994-09-10 6 Bernama KUALA LUMPUR Hong Leong Bank Bhd. formerly known as MUI Bank Bhd, plans to use its Singapore branch as a stepping stone to turn the group into a regional player. Hong Leong Bank senior group managing director James Lim Cheng PohBernama - 270 words
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319 1994-09-10 6 Bernama KUALA LUMPUR Malayan United Industries Bhd (MUI) is expanding the group's interest in media and communications through its latest proposal to acquire a stake in USbased Asia Pacific Media Corporation (APMC). MUI, in a statement released here yesterday, said itsBernama - 319 words
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COMPANIES
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288 1994-09-10 7 Al Labita - From Al Labita in MANILA SINGAPORE'S City Development Ltd (CDL) has joined one of the five consortia the government pre-qualified today for the Jan 6 bidding for a portion of an army camp. CDL linked up with the Armed Forces of the Philippines288 words
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Article495 1994-09-10 7 HaMgart priCM ScplOAI2 Mcndaki Gr Fund 1.21 I 24*dfc >, .,-ia T a US Gr Fund 1.01 1.05" Singapore unit irust M M The Com merer 1.69 1.79 UmB MVCSI Hip LtO The Savings Fund 1.61 1.70 Unifund 1.58 I 64 S'porc Prog Fund 0.72 0.76 IJnibond 1.035 1 06495 words
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318 1994-09-10 7 MBT KUALA LUMPUR Telekom Malaysia needs to yield a return of 15 per cent on its existing MslB billion (5510.5 billion) investment if it plans to pump in an additional US$l billion (S$ 1.5 billion), a Malaysian cabinet minister said yesterday.MBT - 318 words
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295 1994-09-10 7 Reuter JAKARTA Indonesia's stock market watchdog said all new issues of debt securities for local primary listing must be accompanied by a rating from Indonesia's newly-estab-lished bond rating agency. "As of today all new bond issues must be accompanied by a rating issuedReuter - 295 words
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COMPANY BRIEFS
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Article84 1994-09-10 7 Bernama KUALA LUMPUR Perlis Plantations Bhd has announced a 22.5 per cent increase in group pre-tax profit to M$ 135.81 million (5579.5 million) for the six months ended June 30, from the previous comparable period. Releasing its unaudited results yesterday, Perlis Plant said group turnoverBernama - 84 words
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59 1994-09-10 7 SINGAPORE Econ International Ltd has formed a joint venture in China called Zhejiang Econ Foundation Engineering Co Ltd with Zhejiang Fourth Provincial Building Construction Co of Hangzhou. Econ will have a 55 per cent stake in the US$2.l million (553.2 million) registered capital in59 words
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Article45 1994-09-10 7 SINGAPORE L&M Group Investments Ltd said yesterday it has subscribed to another 368 shares at NTS 10,000 each of Kuang Hsin Construction Co Ltd to retain its 49 per cent stake in the expanded share capital of the Taiwanese company.45 words
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Article52 1994-09-10 7 Bernama KUALA LUMPUR Long Huat Group Bhd is to set up a shoe factory in Guangzhou province and undertake commercial and residential property development in Sichuan province in China. A Long Huat statement yesterday said the two ventures would be undertaken by Long HuatBernama - 52 words
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52 1994-09-10 7 Reuter MELBOURNE The Australian government-owned Telstra Corp Ltd said a proposed multi-million-dollar telecommunications joint venture project in the Philippines has fallen through. Telstra said it had been unable to reach agreement with the Lopez group of companies on the terms of shareholder arrangements for theReuter - 52 words
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283 1994-09-10 7 Bernama KUALA LUMPUR MBf Holdings Bhd is looking into the possibility of starting a new chain of supermarkets in Malaysia through the acquisition of Sydney-based conglomerate WR Carpenter Group, MBf president Loy Hean Heong said yesterday. MBf Holdings is acquiring the entireBernama - 283 words
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COMPANY BRIEFS
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71 1994-09-10 8 Bloomberg Business News SYDNEY Australian industrial giant Pacific Dunlop Ltd posted a record profit for the fiscal year ended June 30, bolstered by strong earnings in its tire and batteries businesses. Pacific Dunlop said net profit rose 16 per cent to A 5303.5 millionBloomberg Business News - 71 words
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66 1994-09-10 8 Reuter AMSTERDAM Heineken, the world's second biggest brewer, reported a 16 per cent increase in first-half profit yesterday and promised more of the same for the rest of 1994. First-half net profit on ordinary operations rose to 254.5 million guilders (*****.3 million) from 220.1 millionReuter - 66 words
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Article95 1994-09-10 8 Bloomberg Business News LONDON US broker Salomon Brothers says Asian governments and telecommunication operators will be looking for about US$7 billion (5510.5 billion) to fund communications expansion, particularly for line installation, before the end of 1995, the Financial Times said yesterday. Many countries in theBloomberg Business News - 95 words
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Article67 1994-09-10 8 Reuter NEW DELHI The US-based Union Carbide Corp (UCC) signed an agreement yesterday to sell its entire holding in India to McLeod Rusell India Ltd, in an auction ordered by India s Supreme Court. McLeod Rusell, the highest bidder, would pay 2.9 billion rupees (S$Reuter - 67 words
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68 1994-09-10 8 Bloomberg Business News LONDON American Express Co is expected to announce plans as early as Monday to acquire the US franchise of Thomas Cook Travel, the Wall Street Journal Europe said yesterday. It is believed to be the biggest merger in the travelBloomberg Business News - 68 words
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145 1994-09-10 8 Bloomberg Business News HONGKONG Shun Tak Holdings Ltd, the major public company of Macao gambling tycoon Stanley Ho, said yesterday it had entered into a HKSI billion (Ssl94 million) joint-venture agreement to build an industrial complex in Hongkong. In a jointBloomberg Business News - 145 words
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406 1994-09-10 8 Bloomberg Business News HONGKONG Troubled Hongkong investment company MKI Corp and its associate, Chesterfield, have revealed massive losses on three real estate projects in China. The territory's Securities and Futures Commission (SFC) suspended trading in MKl's shares three months ago becauseBloomberg Business News - 406 words
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242 1994-09-10 8 A J Leow - By A J Leow SINGAPORE Japan's Mazda Motor Corp and Tomen Corp have teamed up with the Salim group of Indonesia to build a US$lOO million (SSI 50 million) commercial vehicle production plant in China. The three companies have242 words
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Article, Illustration296 1994-09-10 8 Eastern Express HONGKONG The Agricultural Bank of China (ABC) and an unknown Singapore party have emerged as the white knights to end the long-running battle between Francis Yuen and Choi Sai-leung for control of Seapower International. Sources say that the twoEastern Express - 296 words
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168 1994-09-10 8 SINGAPORE The republic's largest wholesale and distribution centre. International Merchandise Mart Ltd, said yesterday it had entered into a joint venture in Shanghai to build a multi-function distribution centre in the city. A company called IMM Shanghai has been formed as the vehicle for168 words
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198 1994-09-10 8 Bloomberg Business News HONGKONG Property conglomerate Century City International Holdings Ltd said yesterday its net profit rose 387.8 per cent to HK5926.5 million (SslBo million) in the six months to June 30, from HK$ 189.9 million a year ago. In a statement, theBloomberg Business News - 198 words
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397 1994-09-10 9 NEW YORK The Securities and Exchange Commission and US stock exchanges are not wielding a stick big enough to drive dishonest stockbrokers out of the financial industry, according to an advance copy of a General Accounting Office report obtained by the Los397 words
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Article, Illustration55 1994-09-10 9 Reuter LONDON Lord Young, executive chairman of Cable Wireless, preparing for a new promotional campaign to celebrate the first anniversary of Mercury's One-2-One mobile phone service outside the company's corporate headquarters here on Thursday. Mercury announced new discounts for off-peak local calls in an aggressive pricing initiative aimedReuter - 55 words
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314 1994-09-10 9 NYT NEW YORK Kmart Corp will close 110 stores nationwide and eliminate 6,000 jobs, including 650 store-manager positions that make up 10 per cent of its executive work force, as part of a plan to turn aroundNYT - 314 words
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139 1994-09-10 9 Bloomberg Business News NEW YORK Federated Department Stores Inc and R H Macy Co have moved a step closer to combining after a federal bankruptcy judge approved the retailers' merger agreement. As expected, US bankruptcy judge Burton Lifland on Thursday signed an order clearing the accord,Bloomberg Business News - 139 words
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364 1994-09-10 9 Bloomberg Business News NEW YORK Citicorp shares closed 2.6 per cent higher on Thursday after a Prudential Securities Inc banking analyst forecast that it would report better-than-expec-ted profits this year. Earnings at the largest US banking company will be bolstered by higher revenue,Bloomberg Business News - 364 words
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243 1994-09-10 9 Bloomberg Business News ATLANTA Turner Broadcasting System Inc is exploring a possible merger with General Electric Co's NBC television network, according to two investment bankers close to the situation. Turner Broadcasting, which habitually gets involved in talks about buying one ofBloomberg Business News - 243 words
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214 1994-09-10 9 Bloomberg Business News NEW YORK Shares of McGraw-Hill Inc rose as much as 3 per cent on Thursday amid speculation that it could be acquired by a large European publishing company. The shares rose PA to 71% amid active trading of 252,800 shares,Bloomberg Business News - 214 words
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SHIPS IN PORT
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Article391 1994-09-10 8 Vtssd Vt 1 lb Birth ArrWal Ofparhn Vwwl lb BoHi fcrt»8i DopartiM_ r )w 3 7/94 TO 10 09/1100 10.09/1800 5 B/6 1109/0600 U»|tt A35/94 TO 09.09/1500 0909/2300 h*v 09/03/94 11 i«yb 10.09/1300 Wwantan 1 22/9# P03 10.09/1000 10.09/2300 toUa M TO 10.09 2315 13M P01 10.09/2300391 words
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Article1355 1994-09-10 8 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Bahnce Rdts Ship Voy No Etb/Btr Period From To From Aa Me 203* 11/0500 2* 09/1/00 10/0659 10/0900 28 09/1700 10/0669 10/0900 4 10/1200 10/1459 10/1700 Aa (lose 057A 10/1630 1A1,355 words
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FINANCE & COMMODITIES
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323 1994-09-10 10 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Malaysia's Public Bank (L) Ltd, the Labuan subsidiary of the listed Public Bank Berhad, yesterday signed an agreement with a group of banks for a US$lBO million (Ss27o million) floating rate certificate of deposit (FRCD) facility.323 words
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Article, Illustration508 1994-09-10 10 DBS Weekly Currency Review US$/mark: bulls battling bears? Bearish sentiment early this week saw the greenback touch a low of 1.5395 on Tuesday. Thereafter, buying interest returned to see gains to 1.5605 on Thursday. The technical picture is not clear at the moment. A close below508 words
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136 1994-09-10 10 SINGAPORE New Zealand's Brierley Investments Ltd said the Hongkong branch of its wholly-owned subsidiary BIL Group Treasury will soon launch a transferable loan certificate worth US$75 million (Ssl 13 million). Arranged by the Singapore branch of Wardley Ltd and Westpac Banking Corp, the loan136 words
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324 1994-09-10 10 Reuter KUALA LUMPUR Asian rubber producers and trade officials have dismissed suggestions by Western tyre makers that high natural rubber prices may force the tyre industry to use more of a synthetic substitute. "You simply cannot switch from natural rubber to synthetic, especiallyReuter - 324 words
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394 1994-09-10 10 AFP MANILA Shell Philippines Exploration, a subsidiary of the Royal Dutch Shell Group, confirmed on Thursday the presence of gas in commercial quantities in the CamagoMalampaya offshore field in south-western Palawan province. The confirmation paves the way for the development of theAFP - 394 words
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161 1994-09-10 10 FT LONDON International banks yesterday responded to growing pressure for better information about the risks they run in using financial derivatives by suggesting new standards for disclosure. The Institute of International Finance, an association of 180 international banks and securities firms, published aFT - 161 words
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Article, Illustration1473 1994-09-10 10 I ratif newhutl index mA iilaled agamM S'porr's top 14 iituling punnet* Base >mr. l9Sf l)S$/S$ forward rates Noon Sep 9 SS Bid Oder 1-month 1.4981 1499$ 2-month 1.4975 I Wf 5-month ***** 1 4984 6-month ***** I 4962 Sower OL'BC' Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mm1,473 words
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168 1994-09-10 10 Bloomberg ENERGY REPORT NEW YORK Crude oil futures on the New York Mercantile Exchange traded in the narrowest range in months yesterday as concern about slackening US autumn demand offset optimism about prospects of rising winter consumption. Demand for crude through October168 words
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249 1994-09-10 10 Bloomberg Business News TAMPA, Florida Kohlberg Kravis Roberts Co (KKR) and Walter Industries Inc are suing former Drexel Burnham Lambert Inc mergers chief Leon Black, claiming he and his investment firm profited from confidential information. KKR acquired Walter for US$2.4 billion (553.6 billion)Bloomberg Business News - 249 words
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Article200 1994-09-10 10 Bloomberg Business News LONDON The dollar fell more than 2'/i pfennigs to a 16-day low against the mark as investors dumped US assets amid concerns about inflation. The dollar also retreated against the yen, though its losses were limited as traders waited to see if the USBloomberg Business News - 200 words
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Article92 1994-09-10 10 AFP NEW YORK The dollar fell sharply against the major currencies yesterday in active trading after the Labour Department announced a 0.6 per cent increase in the wholesale price index for August. Around 1330 GMT, the dollar fell to 1.5450 marks from 1.5570 on Thursday and to 99.35AFP - 92 words
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COMMODITIES & FUTURES
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1329 1994-09-10 11 SIMEX REPORT SINGAPORE Simex Euroyen and Japanese government bond (JGB) futures and Eurodollars ended firmer yesterday. The undertone of the market for Euroyen was firm, absorbing early profit-taking. Dealers said Japan's Economic Planning Agency's report yesterday morning that the economy was moving slowly towards recovery means1,329 words
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674 1994-09-10 11 COMMODITY REPORTS KLTin TIN shed two sen to close at MS 13.43 a kg yesterday as prices fell in London. Dealers said the market was lower as prices fell US$25 a tonne overnight in London while the local premium to the LME widened to674 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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77 1994-09-10 11 TOKYO Rice consumption fell to a record low during the April-June period, reflecting the rice shortage at the beginning of the year which was exacerbated by delays in delivery of imported rice, the Kyodo news service quoted the Food Agency as saying yesterday. The77 words
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Article43 1994-09-10 11 TAIPEI Taiwan Sugar Corp purchased 20,000 tonnes of US com and 10,000 tonnes of soybeans yesterday FOB, traders said. Continental sold the corn at USS 110.72 (SS 166.08) per tonne and the soybeans at U*****.67 per tonne.43 words
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Article113 1994-09-10 11 SYDNEY Less than half a year after Australia's Pasminco agreed to sell a 40 per cent stake in its Elura lead and zinc mine to Korea Zinc Co for As4o million (5544.8 million), the deal is on the ropes. Pasminco managing director Peter Barnett said113 words
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83 1994-09-10 11 LONDON UK mining house RTZ remains cautious about restarting the mothballed Bougainville copper mine in Papua New Guinea after Saturday's ceasefire agreement between the government and the secessionist Bougainville Revolutionary Army. "It is premature to translate the encouraging news of the ceasefire into83 words
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Article1370 1994-09-10 11 Rubber se P 9 Singapore Commodity Exchange Prfcw (fvturM dosing as at S.3Ppn) Buyers Solkrs As at 12 mm (S cents/kg) RSS 1 Contract (S ccnts/kg) r-r— pr— RSS 2 Oct 94 188.25 I89.25N Moo.h Hish Low &U lnS« RSS 3 Oct 94 187.25 188.25N Month Huh Low1,370 words
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REGIONAL STOCK MARKETS
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Article941 1994-09-10 12 -18.5 POOR company profit announcements and a sell-off of futures battered sentiment on the share market yesterday, forcing it to a weaker close. The All Ordinaries Index ended at 2,070.6 points, down 18.5. Turnover totajled 220.81 million shares worth A 5494.1 million, falls beating rises about four to three.941 words
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Article669 1994-09-10 12 Stocks continued their downturn although there were signs investors were beginning to look at other issues besides Petron, which has dominated the market since its debut Tuesday. The PSE Composite Index fell 5.66 points to close at 2,981.97. Turnover was 5.22 billion shares valued at 2.73 billion pesos. Investors669 words
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Article599 1994-09-10 12 +58.62 Share prices scored moderate gains for the third day good showing by electronics, textiles and plastics counters. The 378-issue Index opened higher and fluctuated a little before closing at 6,987.2 for a 58.62-point advance. Turnover rose to NT559.3 billion. Gains outnumbered falls 201 to 70 with 107 counters599 words
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Article464 1994-09-10 12 -6.64 Share prices ended mixed yesterday after hitting an intra-day high of 1,002.72 points in the morning session, dealers said. The Composite Price Index lost 6.64 points to settle at 984.8 in hectic trading. Turnover was 46 million shares valued at 930 billion won. Rises outpaced falls 478 to464 words
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Article298 1994-09-10 12 -0.77 Stocks failed to sustain early gains as buying dried up after reasonable gains through the week. Interest centred on the leaders, particularly Telecom and the forestry stocks. The NZSE-40 Index closed 0.77 down at 2,158.71 points on volume of NZ$57.B million. Carter Holt Harvey closed five cents298 words
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WORLD STOCK MARKETS
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Article662 1994-09-10 12 -40.7 STOCKS tumbled for a third day this week, tracking a plunge in US Treasury bonds, as the largest jump in US producer prices in almost four years raised concern that inflation may be poised to revive. The FT-SE 100 Index crumbled 40.7 to 3,139.3, its biggest one-day drop662 words
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Article128 1994-09-10 12 -21.65 French shares plunged on anxiously awaited US producer price data which showed stronger than expected inflation. The news sent French bonds, a key guide for the bourse, spinning downwards on traders' expectations that it made a rise in US interest rates more likely and hence would make it128 words
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Article149 1994-09-10 12 12.78 German share prices closed higher as foreign orders supported the gains, but failed to hold onto intra-day highs. Dealers were split on the market's outlook, some say it was technically weak, others say foreign buying yesterday signaled mediumterm uptrend. The DAX Index ended 12.78 points higher at 2,185.15,149 words
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Article138 1994-09-10 12 -3.98 Belgian shares quickly slid into negative territory after the release of US August PPI data which showed a higher-than-expected rise. The Bel-20 Index, up almost four points just before the PPI release, ended down 3.98 at 1,455.67. The US PPI showed a 0.6 per cent rise, the biggest138 words
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Article306 1994-09-10 12 -22 Shares came in for further profit-taking in fairly quiet two-way trade yesterday and although dealers said local bulls continued to temper losses, the correction was likely to continue next week. "Golds are waiting for a bounce in the gold price, industrials are waiting for the close-out, and I'm306 words
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Article289 1994-09-10 12 -22.0 Swiss stocks tumbled, more than wiping out the morning's gains, as a US economic report sparked new inflation concern. The SMI Index of 23 stocks lost 22.0 points to close at 2,642.1, with 17 stocks falling, four unchanged and one rising. The SMI rapidly lost ground on news289 words
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Article259 1994-09-10 12 -26.28 Stocks tumbled as inflation fear again reared its head following a larger-than-ex-pected rise in August producer prices. "They're not happy campers," one trader said. He said market sentiment will likely stay fairly sour. "I think they've overdone it but you go from one swing to the other. We've259 words
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Article679 1994-09-10 12 -33.98 The Dow Jones Industrial Average sank 33.98 points to 3,874.48 at 1 lam EDT. The NYSE Composite Index dropped 2.17 to 258.65, while Standard Poors 500-stock Index tumbled 4.34 to 468.80. Declines overwhelmed advances 1,563-375 among the 2,559 issues crossing the NYSE tape. Volume was about 98.19679 words
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Article192 1994-09-10 12 -188 Italian stocks and bonds tumbled following a drop in US Treasury bonds after higher-than-expected producer price figures raised concern about US inflation and interest rates. The Mibtel Index fell 188 points to 10,447. The Mibtel dropped 150 points immediately following the release of figures showing that US producer192 words
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Article636 1994-09-10 12 Britannia Funds Stirling Cask Mi Oder Mini Cap Dtpotit J* 6400 31 6500 Mm itnty <5rft O.II93 0.1992 Mim Mu lnconw *0 *000 *0X00 LS$ Cash Income P1u» Fund *9 5200 '*****0 PS Rnervt Fund *5 WOO *J.3I00 fSftkSSJ— o.m Far Eaa Fund *2.7650 *2.9730 Man Portfolio ***** 2 2090636 words
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Article213 1994-09-10 12 +0.25 Dutch shares fell off their highs after bigger than expected US PPI data were released. Dealers said the market was trying to stabilise now, but many saw further downward scope. The AEX Index added 0.25 point at 416.09 after gaining 1.98 before the August PPI was released. -5.75213 words
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Article110 1994-09-10 12 Swedish stocks closed lower, wiping out earlier gains, as markets throughout Europe plunged on fresh US inflation concerns. The OMX Index fell from a high of 1,131.73 points to close 5.75 lower at 1,116.42 following the announcement. "The market was up until the US said wholesale price increases were110 words
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Article, Illustration2821 1994-09-10 13 Bloomberg Business News HONGKONG Stocks were little changed yesterday as investors studied market conditions to see how high prices could rise after Wednesday's advance to a six-month high. "Investors are looking for an excuse to buy but they are hard pressed to find one," said a broker. The benchmarkBloomberg Business News; Source: Bridge Info - 2,821 words
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Article, Illustration464 1994-09-10 13 CLSA H SHARES fell 42.05 points to 1,613.72 on HK5660 million turnover yesterday. Dongfang Electric surged 5.9 per cent on HKSSI million turnover. Qingling motors, fuelled by Japanese interest in its joint venture with Isuzu, traded HK.SI27 million worth of shares, but finished 1.8 per cent lower. In Shanghai,CLSA - 464 words
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Article, Illustration2479 1994-09-10 13 Reuter TOKYO Stocks shed earlier gains and closed lower as arbi-trage-linked selling hit prices in the late afternoon, brokers said. Position-adjustment selling ahead of the weekend was also accelerated by arbitrage-linked selling, they said. "Investors turned around as December Nikkei-225 futures were not able to rise clearly through 20,200,"Reuter; Source: Bridge Info - 2,479 words
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Article, Illustration1674 1994-09-10 13 Reuter BANGKOK Stocks fell across the board yesterday on selling by retail investors ahead of the reopening of parliament next week. The SET Index closed 16.71 points lower at 1,508.85. Turnover was at 10.51 billion baht. Phaiboon Rachniyom, an Asia Securities Trading broker, said there was no particular reasonReuter; Source: Bridge Info - 1,674 words
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Article, Illustration975 1994-09-10 13 Reuter JAKARTA Stocks closed mixed in moderate trading yesterday as local investors took profits on selected stocks while foreigners bought cautiously. "The market is still firm. With the end of the week it was expected things would consolidate and locals would take some profits," one broker said. Barito PacificReuter; Source: Bridge Info - 975 words
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Article2091 1994-09-10 14 Sd Properties '.MI.OOO Idris Hyd 50c 8-281.000 Mutpha Intl 50c...„ 5.850.000 Muhi-Purposc 5,692.000 HUcong Prop 50c 5.358.000 »um Corp 50c Z'SSS -P Wl 4.693.000 Kamunting 50c Kcnong Bhd 50c 407 !£5 Cianda Hldgj Innovcsi Slid 3.783.000 Dunlop tsl 3.6W.000 Mciroptcx 50c 3.679.000 g352^„=zzrii!:J:;S Dun lop Est 23.106.500 Sd2,091 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration5553 1994-09-10 14 Bloomberg Business News KUALA LUMPUR Stocks were little changed, with some of the biggest shares on the index falling on speculation that the central bank would raise reserve requirements and other stocks rising on diverse bits of news or hearsay. The Composite Index roseBloomberg Business News; Source: Bridge Info - 5,553 words
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STOCK EXCHANGE OF SINGAPORE
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Article7788 1994-09-10 15 Gr Gr M Hi |M4 La« Vol Day LmI Qh)c Dh Di» YM N«t Cif A«g Hick Ln Caapaay +7- ("800) High Lw h)(f S*llrf Or P'E tmil Price INDUSTRIAL AND CflfWMEFICIAI 1440 835 I Vina 975 +15 120 995 9*5 975 985 17 5 4 7 I S 157,788 words
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Article, Illustration1828 1994-09-10 16 R Sivanithy - By R Sivanithy SINGAPORE Once again, an early attempt by the Straits Times Industrials Index to distance itself from the 2,300 support level was smothered, as investors again concentrated on Malaysian counters. Against a backdrop of a stronger Wall Street, the STIICharts by Bridge Info; Source: Bloomberg - 1,828 words
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Page 6 Advertisements
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Advertisement191 1994-09-10 6 NEWS VALUE S'pore, Indian firms sign $800 m deals (pg 1) Prices of listed stocks involved not likely to react as it's still early days. Al-Arqam commune raided, 18 charged in court (pg I) News should induce caution, not just in Malaysia but also Singapore. Chng Hee Kok to become191 words
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Page 7 Advertisements
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Advertisement253 1994-09-10 7 CONSUMER LOANS One-stop financing for all your personal needs SHARE HOUSING CREDIT MOTOR CAR CONSUMER LOANS LOANS PLUS HP LOANS PRODUCTS Loans that help Loans that help A revolving Loans that Loans that you cash in on you own the line of credit help get help you buy your investment253 words
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Advertisement377 1994-09-10 7 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883» FAX: 741-1298 NURSING CAREER IN HONG KONG ct M he Hospital Authority is a statutory body established on 1 December JLr 1990 and is financed by the Government. We have 39 public hospitals and institutions with over 17,000 nursing staff. We are committed to377 words
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Page 9 Advertisements
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Advertisement324 1994-09-10 9 TOP PRIZES: 7D/6N French Riviera Holiday plus a to the I r=U [=J (Wk rift H Monte Carlo Formula I Grand for two. H I [I fM H /fl |H Fly Air France to Paris and Nice plus an exhilarating im I TwaM [■HIP I H ||H ride from Nice324 words
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Page 10 Advertisements
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Advertisement49 1994-09-10 10 You may have been unable to get your Business Times. Straits Times. Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 11 Advertisements
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Advertisement38 1994-09-10 11 ideal in cameras. And I know whereto get good exposure." F5 i r I f I pooks r o £j®'. PhotograDhrJ y HS. ?i ;V .c Ol lp tte I Call tpday for results tomorrow. M CA.T.S. 737-116638 words
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Advertisement41 1994-09-10 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. f STRAIGHT TALK You shouldn't have to read between the Hnes to get the fuH picture. Companies Markets. Everyday. Business Times41 words
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Page 12 Advertisements
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Advertisement48 1994-09-10 12 The Bombay Stock Exchange was closed yesterday for a Hindu festival holiday. V FBI usmessßusmessßuj Businessßines WS KNOW AM Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation Fax m News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) AHHIM48 words
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Page 13 Advertisements
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Advertisement123 1994-09-10 13 Available in gold, gold and steel or steel. Hm Aw7l*»no«d PH Ltd 1 Mjntime Square «2-101 E*fH> Gateway Td 272**2 CortniWitdi Centre Pt* Ltd «)1 V EH 36 Raffle. OtyShopp"* Cent*'MSSWSS. ®1-3S Lucky Ptau T* ***** M Deluxe EjUm. Watch Pte Lid Ml-18/ til 2DCentrepomtTd *****3* JeweMety li«d«atri*» (Sin* Ltd123 words
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Page 14 Advertisements
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Advertisement7 1994-09-10 14 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement0 1994-09-10 14 {{:'\=>~[(/{.$][?~}.<@\><{]/{-}0 words
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Page 15 Advertisements
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Advertisement98 1994-09-10 15 Call 1800 235-4567 now for more t.i.vi.* Irmi- i M7lt Frl 2 Sep 84 information. Or visit our Customer low a. to High *u «o ok i I is AaServices Centre at Comcentre, 5D Exeter Road. 9 94 9.30 40 0 0 T V 9 oT IJ jMillt. Ifc lililLilii.il98 words
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Page 16 Advertisements
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Advertisement455 1994-09-10 16 ]<`&|}*<&":*,`@>[@!>%((?[`:_),/ NATSTEEL LTD (Incorporated in the Republic ot Singapore) LOST STOCK CERTIFICATES The following stock certificates have been reported lost or destroyed:gPßfilgffl -THE Mm Of STOCK OF SSIHEACN *****386/*****42E E G Tan Nominees Pte Lid 5x1,000 *****430 -do- I*soo NOTICE IS HEREBY GIVEN that if within fourteen (14) days from455 words
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Advertisement655 1994-09-10 16 IN THE MATTES OFTHE COMPANIES ACT, CAT.» AND IN THE MATTER Of OPTICREST PTE LTD (la VgkaUry WlaiMag-ap) NOTICE IS HEREBY GIVEN that the crediton of die abovenamed compaay. which u being voluntarily wound up, are requited oa or Mm 30k September 1994 to lead (hen name* and addreaaes with655 words
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Executive Lifestyle
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Article, Illustration1561 1994-09-10 17 Kevin Sullivan - Kevin Sullivan meets best-selling author Jeffrey Archer... and comes away mystified Kevin Sullivan IT IS a cliche to draw parallels between Jeffrey Archer's political difficulties (money-sex-scandal) and the plots of his best-selling novels, (money-sex-scandal), but the parallels are there just the same. The ballyhoo now surrounding the1,561 words
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STRAWS IN THE WIND
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Article85 1994-09-10 17 SOME communication skills can make life a whole lot easier. Take one agency which invited some journalists to lunch. An eager reporter turned up at the appointed time, only to discover that the lunch had been postponed. When she called the company's PR people to find out why85 words
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Article31 1994-09-10 17 IN WHICH country is a hamburger not cheap fast food but almost a luxury item? In Norway, where a McDonald's Big Mac costs Ssll and service is horrendously slow.31 words
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Article69 1994-09-10 17 THE THINGS you can sue for According to a travel trade publication, a German couple on their honeymoon lost their suitcase, which contained birth control pills. They had a good holiday anyway, but the wife ended up getting pregnant. So they sued the airline. And won. Now the69 words
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Opinions
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1422 1994-09-10 18 Tommy Koh - Tommy Koh says to focus exclusively on the country's shortcomings is to miss the many virtues of the great American people Tommy Koh Professor Tommy Koh, Singapore's roving ambassador, delivered this speech (titled Why I Admire America at the Old Rafflesians' Association annual1,422 words
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Article, Illustration1477 1994-09-10 18 Richard Ho - Richard Ho says the proposed design for the SAC has not exploited the opportunities and potential of such an important project Richard Ho The writer is an architect in private practice and teaches part-time in the School oj Architecture at the1,477 words
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Article790 1994-09-10 18 Neville Stack - Don't let machines take over our lives, warns Neville Stack Neville Stack The writer is a political commentator based in London. He writes regularly for BT. IF MACHINES could speak (and, of course, many can) they would probably be boasting to us, the imperfect species:790 words
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441 1994-09-10 18 Peter Chia - LETTER TO THE EDITOR Peter Chia Public Affiin Manager Stock Exchange of Singapore WE REFER to your story "When in Rome, Jardine Matheson should do as the Romans do" (BT, Sep 2, 1994). Jardine Matheson Holdings has not received special treatment441 words
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VIEWPOINT
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Article, Illustration1403 1994-09-10 19 Catherine Ong - THE RAFFLES CONVERSATION A fortnightly series sponsored by Raffles Hotel Hongkong's central banker Joseph Yam tells Catherine Ong why 1997 is no threat to the territory's role as a regional financial centre. And why Hongkong's monetary system has never been more stable and robust CatherinePhoto by Chris Loh - 1,403 words
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1346 1994-09-10 19 THE BETTING in Hongkong is that Joseph Yam will get a senior position in the post--1997 government of Hongkong. The 47-year-old central banker is often tipped to become the first Financial Secretary of the future Special Administrative Region (SAR), which is1,346 words
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Article671 1994-09-10 19 THE CHIEF of the Hongkong Monetary Authority is unfazed by the suggestion that Shanghai could one day replace Hongkong as a regional financial centre and a banker to China. Says Joseph Yam: "I think it would take quite a long time for Shanghai to attain the671 words
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Article, Illustration694 1994-09-10 22 SUSAN TSANG - Cinema Review By SUSAN TSANG LEGEND has it that when sailors hear sirens singing, they are so captivated by the song that they wreck their boats on the rocks and sink to a blissful death at the bottom of the sea. Would that such a fate awaited viewers694 words
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Article, Illustration597 1994-09-10 22 SHAHIRON SAHARI - By SHAHIRON SAHARI AMIDST the deluge of movies rated Restricted (Artistic) which come to our screens each week, a few good ones have managed to get lost in the swamp of mediocrity. One recent example was The Last Seduction, which looked like yet another sleazy B-grade597 words
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Article, Illustration1150 1994-09-10 22 Jaime Ee - Is Jim Aitchison an extraordinarily brave man or a surprisingly foolhardy one? Jaime Ee finds out what people are saying about his book Jaime Ee AD MAN turned author Jim Aitchison is dead meat. A lot of so-called Sarong Party1,150 words
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Article, Illustration930 1994-09-10 22 PAUL LEO - Motoring By PAUL LEO HAVING an airbag blown in my face isn't my idea of fun. But that was exactly what happened to me in Taiwan. No, I was not involved in a car accident. I was in an Opel Corsa drawn forward on steel930 words
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Article, Illustration836 1994-09-10 23 KEVIN SULLIVAN - Book Review By KEVIN SULLIVAN Europe's Backyard War: The War In The Balkans By Mark Almond Heinemann 432 pages, $23.59 THIS IS an angry book, and with good cause. Summing up. the author notes. Any survey of the charlatanry of a "peace process', which seemed bent onPhoto from book cover - 836 words
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SPORTS
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Article, Illustration844 1994-09-10 24 US Open UFI NEW YORK Michael Stich did little to end his anonymity at the US Open with his victory on Thursday night over Jonas Bjorkman. All the fourth-seeded German did was advance to the semifinals. He racked up more doublefaults than aces, puttingUFI; AFP - 844 words
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Article, Illustration500 1994-09-10 24 UPI NEW YORK There is not a more glamorous woman competing in tennis or maybe any other sport than Gabriela Sabatini. She is working on her eighth million tennis dollar. This, of course, doesn't include the money generated by the sex appeal thatUPI - 500 words
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870 1994-09-10 24 NYT ROME In the wake of China's six gold medals and three silvers in the first eight women's events of the world swimming championships, a top official with the US team said on Thursday he was convinced the Chinese were winning with theNYT - 870 words
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SPORT SHORTS
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Article, Illustration133 1994-09-10 24 AP BOSTON Somebody stole home at Fenway Park. The Red Sox and Boston police are trying to find out who dug up and made off with the heavy rubber plate. Someone also climbed to the top of a flagpole and stole three flags from outside the stadium, left emptyAP - 133 words
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Article, Illustration260 1994-09-10 24 AFP Reuter PHOENIX Arizona Danny Manning has signed a US$l million (SSI.S million) contract to play for the National Basketball Association's Phoenix Suns next season, his agent said on Thursday. Ron Grinker said Manning was given the team's only available salary slot under league spending limitations. Phoenix freed theAFP; Reuter - 260 words
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Article, Illustration193 1994-09-10 24 AFP NEW YORK National Hockey League president Gary Bettman, speaking in Finland yesterday, is expected to announce the National Hockey League will allow players to compete in the 1998 Winter Olympics in Japan. The NHL is expected to shut down for 10 days while an Olympic tournament withAFP - 193 words
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Article, Illustration178 1994-09-10 24 Reuter CLEARWATER, Florida British race car driver Nigel Manscll wants to sell his 1.76-hectare Florida estate for USSIS million (5522.5 million). The St Petersburg Times reported on Thursday that, Mansell, returning to the Formula One racing circuit after two seasons of Indy car racing in the United States, willReuter - 178 words
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Article, Illustration145 1994-09-10 24 AP TOKYO American yokozuna (grand champion) Akebono will sit out the Autumn Grand Sumo Tournament starting tomorrow because of knee injuries, he said yesterday. Akebono, bom Chad Rowan in Hawaii, told a nationally televised news conference that he still needed more rest to heal his injured knees. ItAP - 145 words
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Article, Illustration189 1994-09-10 24 HOTAKA, Japan 65 million yen (S$980,000) Japan LPGA Championship second round yesterday: 142 Kaori Higo (Japan) 72-70 143 Won Jae-sook (S Korea) 74-69, Aiko Hashimoto (Japan) 69-74. UCKFIELD, England Tour leader Colin Montgomerie returned to form with a first round six-under-par 66 to lead the European Open here on189 words
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Article, Illustration86 1994-09-10 24 AP NEW YORK U559.36 million (5514.0 million) US Open on Thursday Men's singles, quarterfinals: Karel Novacek (Cze) b Jaime Yzaga (Per) 6-2 6-7 (7/9) 6-1 5-7 6-3; Doubles semifinals: Jacco Eltingh-Paul Haarhuis (Neth x 3) b Wayne Ferreira (SA)-Mark Knowles (Bah 16) 6-3 7-5. W omen's doubles quarterfinals: JanaAP - 86 words
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TIME OFF
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Article495 1994-09-10 25 Beauty and the Beast The stage musical adaptation ot the fairy tale about how a handsome prince gets turned into a hideous, disgustingly ugly beast and the only cure is that someone loves him for what he is and not what he looks like. Today. Bpm at the Kallang495 words
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Article, Illustration378 1994-09-10 25 Subscription Series Lim Yau leads the SSO in this concert that features Ng Yu Ying on violin as they perform works by Bartok, Walton and Schumann. Today. 8.15pm at the Victoria Concert Hall. Tickets at $4. 57. $10. $15 and $25 available from all Sistic outlets. German Pianists Series378 words
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Article589 1994-09-10 25 Invest '94 For all those interested in money and how to make more of it. This is an exhibition of stock broking firms, financial futures trading companies, real estate firms, banks and factoring companies. Today. Ham to 7pm al the World Trade Centre Hall 5 and Harbour Pavilion. Bookfair589 words
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Article348 1994-09-10 25 Seminar on Motion Picture Finance: Risk v Profit The two day seminar based on in-depth analysis of the motion picture industry, from a financial perspective, by several leading motion picture financiers and professional advisers. The event will also expand upon the themes of film finance risk management, discussed at348 words
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Article126 1994-09-10 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 problems. NOTE: All movies will126 words
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Article159 1994-09-10 25 Using Your Experiences/Memories to Create Theatre A must for all those interested in doing theatre or anything theatrically related to acting, directing or playwrighting. John Binnie. artistic director of Clyde Unity Theatre. Scotland will conduct this' course. Sep 15 to 16: 7pm to 10pm; Sep 17 to 18: 2pm159 words
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Article274 1994-09-10 25 Back to the Dream Age Japanese artist Tochiito Handa explores the interrelations between people and nature via these 30 or so acrylic paintings that source Japanese myth and legend and combine them with urban modernity. Till Sep 11, at the Gallery. Admission is free. Our Place in274 words
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Article63 1994-09-10 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. Auditionees must be able to speak Peranakan, ie. Malay and Hokkien as well as English.63 words
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Article141 1994-09-10 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza, Junction 8, Liang Court, Raffles City, Scotts, Specialists' Centre, Taikashimaya, Cold Storage at Jelita and World Trade Centre. Also at the Victoria Concert Hall Singapore Indoor Stadium. Hot* line: 348-5555. Ticket Charge outlets are at141 words
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PEOPLE
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Article, Illustration223 1994-09-10 25 Meinhardt (Singapore), an international multi-disciplinary consulting engineering practice, celebrated its 20th anniversary commemoration recently. The event was attended by some 400 guests. During the occasion, the company announced plans to open offices in Vietnam and the Philippines to join a network of 15 Meinhardt offices in the Asia223 words
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EPICURE
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Article, Illustration833 1994-09-10 26 DONALD TURNER - Bon Appetit By DONALD TURNER IN THIS age of short cuts, short takes and short orders, authenticity is a rare commodity. How remarkable then to find a genuine slice of Amalfi coast dining transplanted from southern Italy to a restaurant on Thomson Road. Bear in mind that833 words
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Article, Illustration482 1994-09-10 26 SHAHIRON SAHARI - By SHAHIRON SAHARI I'HE AMERICAN city of New Orleans is, culturally and ethnically, a real melting pot of a place, a fact reflected most clearly and exportably in its music and food. Built on a population of American Indians, Africans and other Europeans but originally482 words
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Article766 1994-09-10 26 N K YONG - Wine By N K YONG BOUCHARD Pere Fils is a very old Burgundian family firm, founded in 1731, and now being managed by the ninth generation of the same family. In these days, this in itself is remarkable, given the vicissitudes of the wine business and766 words
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Article, Illustration1013 1994-09-10 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. Best Foreign1,013 words
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Page 17 Advertisements
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Advertisement78 1994-09-10 17 nn 0 o 24-hour "Loan Information Service Approval" /18 00 334 3588 1800 334 3688 a JflUB tKKK^iUs jS&Jr' &sj^^ SSfa- -f mKB&' *jrah'K»&r^" 3 B^-' JH R 9 #t I B JEWELLERS SINCE Avail »bl# .t I e.Scotts Road #01 -16 Scotts Shopping Centre Singapore 0822 Tal: 737 3706.78 words
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Advertisement49 1994-09-10 18 k B T welcomes J letters from you. S S Please address them r r to: The Editor, S Business Times, r. r 390 Ki m Seng Rd, j j S'pore 0923. betters C r should include your J contact numbers, S Doonesbury and Bristow are on Page 449 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration471 1994-09-10 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, G K Goh, Morgan Grenfell Asia, Nomura Research Institute, OCBC Investment Research, Ong Co, Phillip Securities, S G Warburg, Smith New Court and UOB Securities.471 words
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Article, Illustration212 1994-09-10 20 Richard Armstrong - Richard Armstrong Managing director BZW-Pacific Union r I 1 he Singapore marI ket has been one .X of the top performing markets in the region since the beginning of 1994. Uncertainties in regional markets in the earlier part of the year caused a shift of funds to212 words
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Article, Illustration578 1994-09-10 20 Joyce Quek - Expectations of goodies in the October Budget, a pick-up in foreign funds inflows and anticipation of an election date will spur the market to greater heights, reports Joyce Quek Joyce Quek Malaysian stocks took centrestage on the Singapore bourse this week, helped somewhat by578 words
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573 1994-09-10 20 TOTAL sales for the top 100 companies listed on the Kuala Lumpur Stock Exchange rose from M 597.01 billion (5556.9 billion) in 1992 to M$ 111.99 billion last year. As the KLSE's average price-earnings multiple surged to an average573 words
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515 1994-09-10 20 Elaine Koh - Elaine Koh says Asian markets are breathing easier as inflation fears subside Elaine Koh The recent stock market rally has revived hitherto languishing unit trusts, particularly those with regional exposure. Schroder's South-east Asia Fund, for example, recorded a 10 per cent gain in August,515 words
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Article787 1994-09-10 20 Launch 1 mth 3 mths 6 mths I yr 2 yrs 3 yr> Ranking as al Sep 5, 1994 55 Sinsanore Straits iC M3 *42 IS 2H4 HU486*2 Credit Lyonnais Singapore Gr 28.07.69 7.06 4 12.01 I 4.86 I 33 78 3 191.13 I 238 41 OCBC Savers Capital Fund787 words
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Article, Illustration408 1994-09-10 20 Paul Leo - C^ART By Paul Leo THIS YEAR has not been easy on trading. Has the consolidation phase ended? Yes and no. Yes, we are unlikely to see a continuation of the high-low swings of prices and moods of the last eightSource: Bloomberg - 408 words
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Article, Illustration1039 1994-09-10 21 Joyce Quek - A brokerage reckons the sector can outperform the rest of the market in the next two quarters. Joyce Quek has the details Joyce Quek SINGAPORE'S hotel sector is still in the relatively early stages of a cyclical rebound, so its prospects of1,039 words
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Article, Illustration716 1994-09-10 21 Schutz Lee - Eve on the region Investors seem to have found two reasons to get back into the markets, says Schutz Lee Schutz Lee THE RECENT return of the bull market in China appears to suggest that what had ailed the Shanghai and ShenzhenSource: Credit Lyonnsais Securities - 716 words
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684 1994-09-10 21 Agnes Chen - Agnes Chen has advice for those who think they can beat the big boys at their game Agnes Chen WHEN it comes to information flows, small investors are near the bottom of the food chain. And more often than not, by their684 words
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404 1994-09-10 21 LMRNING TO MAKE prudent investment decisions, an investor relies on various sources of information about the companies he invests in. A particularly important source is a company's annual report. The annual report usually contains a letter from the chairman of the board of404 words
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Page 20 Advertisements
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Advertisement8 1994-09-10 20 CAB NOW. PAY LATER. THE CORPORATE TRAVEL CARD8 words
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Page 21 Advertisements
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Advertisement127 1994-09-10 21 OUTSTANDING CAPITAL APPRECIATION IN AUSTRALIA'S FASTEST GROWTH AREA ~GOLD COASTNext to Sanctuary Cove I PRIME LOCATION*PERFECTTIMING*GREAT VALUE \/l Investment Opportunity Landscaped parkside setting with pool and Resident Manager JL Coomera Railway Sttrtlon —tB All (November 1995) On The fhrk 35 minutes to Brisbane CBD EXHIBITION •15 minutes to Surfer's Paradise127 words
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Page 23 Advertisements
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Advertisement203 1994-09-10 23 The Pan Pacific Glenmarie Resort. t; Very New And Very Green. f'T I f" 12 v teas 2: js££laa^wg4yj»»ja^^atap 1, n J We're considered by from KL's city centre. Moreover, if you're a member (PASS AGES I many to be the greenest of Passages, you can earn 1,000 kilometres or203 words
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Page 25 Advertisements
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Advertisement0 1994-09-10 25 <>%.>?*@_[,$.-]"&%$}[)?\$|`%;\_0 words
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Page 26 Advertisements
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Advertisement18 1994-09-10 26 PLAY SMART Be part of the good life. Lifestyle. Everyday. Singapore rn Business Times WE KNOW ASM J18 words
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Advertisement48 1994-09-10 26 [AFTER 5J P v Your day may be over a) WL? But your night is just beginning! ■L Get a drink, go dancing, hear P P the latest hit, see the hottest B band in town... J m~~" Explore the possibilities jfl with our AFTER 5 listings. 348 words
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Advertisement100 1994-09-10 26 jffr 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, home-made pastries fresh fruits. All these and lots more, just100 words
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Page 27 Advertisements
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Advertisement682 1994-09-10 27 SRoHjpeabAßiidß OF FRESH .PASTA )DAI LY. W Prom Pasta Frcsca. Tha only restaurant to makt its own spocialty pasta. Fr#,h •vsrydoy. Savour perfect pizza, groat galati ond torrHlc Hramlsu All toppod with Italian hospitality. Porta Fmco Da Sa*vo»or« PM Lid JO 800 l Qooy. 5(***** (Open 24 hours! Tel 532682 words
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Advertisement288 1994-09-10 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. (adult) 8.00 (child) Karaoke High-Tea: 1 $19.00 (adult)288 words
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Advertisement411 1994-09-10 27 ftpj- 1 'lljl Mooncake Festival At The Mandarin Singapore From now till 20 September, all our traditional mooncakes like lotus seed paste with 1, 2 or 4 egg yolk, snow skin or white lotus seed paste, assorted nuts with kam hua ham, 7 stars with white lotus paste mooncakes are411 words
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Page 28 Miscellaneous
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Miscellaneous2442 1994-09-10 28 TODAY'S TV —-—a>r i 6.00 Morning News (M). KTTTrYHiriHHM I 1 7.00 Regional News <M). ■■■ULAiiSfIIHI 1 8.00 General News (M). Honkytonk Man, 2pm, SBC fl 9.30 Market Clint Eastwood l Report (M). his sister's Depression-era farm Tom Skerritt follows Kevin 10.00 Perspective (M). and wows the family. As his2,442 words
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