The Business Times, 5 November 1994

Total Pages: 28
1 28 The Business Times
  • 14 1 SINGAPORE Business Times MITA(P) 010/12/93 Weekend Edition, November 5-6 1994 WL KNOW ASIA 75*
    14 words
  • 523 1  -  By Genevieve Cua SINGAPORE The government will soon allow companies here to operate their own private satellite links a major move that further liberalises Singapore's telecommunications services market. Communications Minister Mah Bow Tan said yesterday that the Telecommunication Authority of Singapore
    523 words
  • 507 1  -  From Lim Soon Neo in HONGKONG THE Hongkong government will inject about HKS6O billion <S$ 11.4 billion) in public funds and limit private borrowing to HK$23 billion for the financing of the airport project following the signing of an agreement between
    Source: Bridge Info  -  507 words
  • 526 1  -  By Quak Hiang Whai SINGAPORE The move by the United Overseas Bank group to take full control of subsidiary Far Eastern Bank may hit a snag two independent FEB directors plan to block the deal. Sources say Lee Chin
    526 words
  • 161 1 Stock market indices Friday Change STII 2,352.50 +0.30 KLSEComp 1,074.41 +7.95 Nikkei 19,811.56 +60.91 Hang Seng 9,530.40 38.44 SET Index 1,522.94 -5.57 Jakarta Comp 520.60 -2.24 CLSA China B ....1,143.34 -8.35 Aust All Ord 1,999.8 -9.3 FTSE 100 3,097.6 -6.t Friday Previous 1pm EST close Dow Jones 3,841.17 3,845.88 Avtrift
    161 words
  • 71 1 Reuter NEW YORK US blue chips remained higher at midday yesterday while the broad market turned negative on a day dominated by a mixed October US employment report. Declines inched ahead of advancing issues. US Treasuries were lower, with the long bond down about 0.15 per
    Reuter  -  71 words
  • 43 1 Bloomberg Business News TUCSON, Arizona The nation's unemployment rate has declined to the point where any further decreases may force wages and prices higher, Robert T Parry, the San Francisco Federal Reserve Bank president, said yesterday.
    Bloomberg Business News  -  43 words
  • 731 1  -  By Amy Balan SINGAPORE Singapore Press Holdings' profits and balance sheet could not be in better shape as its flagship newspaper. The Straits Times, approaches its ISOth anniversary next year. The media group turned in a better-than-expected 29.2 per cent rise in net
    731 words
  • Page 1 Advertisements
    • 19 1 Golf: el i No longer just a man's game Speculators fuel demand for River Valley condo project, Pg 2
      19 words
    • 14 1 Asia's ruling families: el s 5 Hongkong dynasties Call to resolve pending issues, Pg4
      14 words
    • 50 1 S pore News 2 S'p«w/lf 6.7 Regional News 3 Regional World M Region Wort) -45 FMtMTM nutate Opnons IL2 Currtnaa 9 Conversation H3 Smex/Cornmolo.ll Sports HJ Wortd fefwui .IZI3 Ocure HIO CM>/N.S 14 TV/Ufcstyte ai2 StS IS. IS US jobless rate at four-year low, Pg 4 Hill 8 1 *****1"*****2
      50 words
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      161 words
    • 10 1 The Raffles Conversation: el 3 Indian parliamentarian Mani Shankar Aiyar ,@%&;!!@<{?]"-;;';&/=>[{'+,@>(]
      10 words

  • SINGAPORE NEWS
    • 374 2  -  Reports by Claire Leow JAPAN would this year overtake Europe as the seeond largest investor in Singapore, Minister for Trade and Industry Yeo Cheow long said yesterday. Japanese investment in Singapore was expected to exceed last year's Ss7Bo
      374 words
    • 508 2 Singapore unit SDS will be able to meet 40% of Sony's global demand for CRTs SONY Display Devices (Singapore) is to invest $123 million in a new plant here to make cathode ray tubes for televisions. It expects the plant to
      508 words
    • 313 2 PARK MALL, which is being repositioned as a one-stop home furnishing centre, has signed a major tenant. Scandinavian furniture retailer Bolig will take 30,000 sq ft of retail space on the second and third levels. It will replace Style Singapore and Metro's Factory Outlet,
      313 words
    • 302 2  -  By Abdul Hadhi DEMAND for units at DBS Land's recently launched Aspen Heights condo project was boosted by speculators, judging by the number of advertisements in The Straits limes Classifieds section yesterday. There were 12 ads for apartments at the project, being
      302 words
    • 279 2  -  By Michelle Low ASIAN visitors are flocking to Singapore, the latest figures from the Singapore Tourism Promotion Board show. A total of 551,543 people arrived in September 9.3 per cent more than in August. And almost half of them were from Asean and Japan.
      279 words
    • 240 2 THE Urban Redevelopment Authority raked in nearly $943 million from the sale of land in the financial year ended Mar 31, 1994 up 69 per cent from $557.75 million in the previous period. Figures from the authority's 1993-94 annual report released
      240 words
    • 174 2 Corrections clarifications IN two Eye on the Economy columns last month, we cifed the Crosby Securities' Quarterly Economic Review which said that Singapore's imported food prices had jumped 10.4 per cent since the start of the year. Crosby has since clarified that this was a computational error. The correct figure
      174 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • 465 2 WEATHER Singapore: Showers over several areas in the afternoon. (Temperature 24-31) AsiaPacMc Hi/IV Cond Europe Mi/IV Comi. Buenos A*es 22/10 Cloudy AucWarxl 17/11 Cloudy Amsterdam 15/09 Shower CNcago 10/02 Sim BangKok 32/24 Cloudy Athens 20/13 Shower HonoftJu 29/24 Ooud» Beijing 13/02 Sumy BeiWi 11/04 Shower Houston 23/12 OouOi Bombay 32/22
      465 words

  • THE REGION
    • 496 3  -  From Loh Hui Yin in BANGKOK RESTORING Thailand's battered credibility after the May 1992 crisis and steering it firmly onto the path towards democracy has been the most gratifying part of his two years in office, Prime Minister Chuan Leekpai said
      496 words
    • 467 3 AFP AP WASHINGTON American aviation company McDonnell Douglas has sealed a deal to assemble its planes in China that is potentially worth more than a billion dollars, US and Chinese sources said here on Thursday. "It is a contract between the Civil Aviation Administration of
      AFP; AP  -  467 words
    • 44 3 Reuter TOKYO Anti-fur people demonstrating at Tokyo's budistrict of Ginza on Thursday at temperatures of 15 degrees Celsius, tight naked demonstrators took part in the protest with the slogan "we would rather go naked than wear fur." Reuter
      Reuter  -  44 words
    • 352 3 Bernama KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday continued to keep the nation guessing on the timing of the general election, and yet seemed to drop a hint it might not be very soon. He said Barisan Nasional leaders, including ministers, mentris
      Bernama  -  352 words
    • NOTE BOOK
      • 62 3 Reuter NEW DELHI India has told world health officials that the country is now free of plague, eight weeks after two outbreaks spread fear around the world. The health ministry has written to the World Health Organisation saying three plague-affected areas are now plague-free.
        Reuter  -  62 words
      • 84 3 AFP PHNOM PENH Ousted Finance Minister Sam Rainsy announcing to newsmen yesterday he is taking legal action in Cambodia and Malaysia in connection with allegations of treason published in a Phnom Penh weekly. He invited reporters to follow him to Phnom Penh municipal court,
        AFP  -  84 words
      • 81 3 Reuter MANILA Philippine consumer inflation fell to a 13-month low of 7.8 per cent in October, calming market fears that the bubble of economic growth might be about to burst. "The low inflation level only goes to show that the economy is on a sustainable
        Reuter  -  81 words
      • 44 3 Reuter HANOI Vietnam's exports of textiles and clothing increased sharply to US$4OO million (SSSBB million) in the first nine months of this year, nearly half of it to the European Union, the official Vietnam News Agency reported yesterday. Reuter
        Reuter  -  44 words
      • 69 3 AFP JAKARTA Forestry Minister Jamaludin Suryohadikusumo said yesterday Indonesia will ban the use of fire in land clearing for new forestry estates and plantations. "There will be no new land clearing for HTIs (forest estates) or plantations if they cannot make use of
        AFP  -  69 words
    • 395 3 AFP KUALA LUMPUR International brokerage Merrill Lynch said yesterday it was bullish on Malaysia's economy but cautioned that a labour crunch, rising wages and a widening external deficit could retard growth. "Our worry is more about the tight labour market
      AFP  -  395 words
    • 463 3 Reuter TOKYO From banks to retailers, Japanese companies are joining a growing clamour for deregulation of the country's economy for once, putting domestic and foreign businessmen in the same corner. Yesterday, banking sources said leading Japanese commercial banks had give the Finance Ministry a lengthy
      Reuter  -  463 words
    • 458 3 AP AFP SEOUL The US-brokered nuclear accord with North Korea will significantly reduce tension between the two Koreas and could help restart negotiations between them, Chinese Premier Li Peng said yesterday. Mr Li, the highest-ranking Chinese official ever to visit South
      AP; AFP  -  458 words
    • 156 3 Reuter SEOUL A group of new Chinese leaders is rallying around President Jiang Zemin in advance of the death of elder statesman Deng Xiaoping, visiting Chinese Prime Minister Li Peng said yesterday. Mr Li told a news conference at the end of his five-day visit
      Reuter  -  156 words
  • Page 3 Advertisements
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      67 words

  • REGION/WORLD
    • 628 4 Fed must up rates by over half point to stem fall: analysts Bloomberg Business News NEW YORK The US government must do more than buy a few billion dollars in the foreign exchange market if it hopes to halt the US currency's recent decline. That's the opinion of many traders
      Bloomberg Business News  -  628 words
    • 56 4 AFP GAZA CITY A Palestinian youth directing the traffic in a busy street here on Thursday. A freak storm, hitting the Near East and causing extensive damage, left some 420 people dead in Egypt. In Israel, a British touirist was killed and
      AFP  -  56 words
    • 490 4 Bloomberg Business News Reuter TOKYO The Bank of Japan (BOJ) and Japan's ministry of finance (MOF) have kepi a low profile during the past two days of intervention to prop up the dollar, and their silence appears to be
      Bloomberg Business News; Reuter  -  490 words
    • 462 4 Bloomberg Business News AP AFP WASHINGTON Americas unemployment rate dropped to a four-year low of 5.8 per cent in October. Yesterday's report also showed the average hourly wages posting the biggest gain in 11 years, an increase likely to trigger a
      Bloomberg Business News; AP; AFP  -  462 words
    • 328 4 The Straits Times Reuter MANILA A US official yesterday urged countries like China and Malaysia with reservations about free trade in the region to back the trade liberalisation plan at the Asia-Pacific Economic Cooperation (Apec) meeting in Indonesia. Winston Lord, Assistant Secretary
      The Straits Times; Reuter  -  328 words
    • 323 4 AP Reuter WASHINGTON A top State Department official expressed disappointment on Thursday at Thailand's rejection of a request to station supplies off its coast for military or humanitarian emergencies. Assistant Secretary of State Winston Lord said the US is looking to other
      AP; Reuter  -  323 words
    • 1688 4 a& FMUrt ETA Fight ETD_ City Flight ETA ETP Ah« Dhabi GA976 0010 Ammr RJ187 0100 SQ420 2030 AMtardsM 000T SQ417 0830 EK79 0015 SQ25 0635 SQ324 2330 EK7 1650 EK71 2210 KL837 1540 KL838 2335 SQ428 2320 Auckland NZ21 1710 BA11 1350 Fraakfurt SQ327 1530
      1,688 words
    • 214 4 Reuter LONDON Christine Keeler, at the heart of a 1963 sex scandal that disgraced a senior minister and shook Britain's ruling Conservative Party, has admitted for the first time that she was a Soviet spy. War Minister John Profumo had to resign after
      Reuter  -  214 words
    • 287 4 Knight-Ridder HONGKONG The ink on the overall agreement for financing Hongkong's new airport is barely dry, but officials from China and the UK are already calling for progress on other matters. "I hope that it will be a good
      Knight-Ridder  -  287 words

  • THE WORLD
    • 455 5 AP FT Reuter MOSCOW Alexander Shokhin yesterday announced his resignation as Russia's economics minister and deputy prime minister, making him the latest victim of last month's "Black Tuesday" rouble crisis. Three officials have already been fired in a continuing government shakeup after
      AP; FT; Reuter  -  455 words
    • 360 5 Reuter MOSCOW The head of Russia's troubled MMM investment fund, who has ignored investors' demands for their money back since he suspended trading in company shares, said he planned to expand his activities to the West. An unrepentant Sergei Mavrodi was speaking
      Reuter  -  360 words
    • 490 5 AFP Bloomberg Business News UPI BRUSSELS Leon Brittan, Europe's external trade commissioner, leaves today for a visit to China and Hongkong that will include negotiations on China's entry to Gatt and its successor, the World Trade Organisation (WTO). Sir
      AFP; Bloomberg Business News; UPI  -  490 words
    • WORLD WATCH
      • 69 5 AP PARIS Conservative Paris Mayor Jacques Chirac declared his candidacy for president yesterday, a newspaper reported, in a move that intensifies a struggle in the Right. Mr Chirac, a charismatic campaigner, has increasingly duelled with conservative Prime Minister Edouard Balladur. whose lead in the polls
        AP  -  69 words
      • 64 5 UPI LONDON Ihe panel ot independent economic experts who advise the British treasury said in its latest forecast on Thursday that there is a favourable outlook for the economy. It said in the November report they saw no need for changes in interest rates and recommended
        UPI  -  64 words
      • 65 5 Bloomberg Business News NLW YORK Growing optimism among corporate executives in France and Japan helped to lift a Dun Bradstreet Corp index of business expectations to near record highs, the survey company said. French executives are more positive about net sales, net profits, hiring and
        Bloomberg Business News  -  65 words
      • 83 5 AP BONN Germany's three potential eoalition partners on Thursday agreed that a eontroversial tax surcharge introduced shortly after the reunification of East and West Germany in 1990 and dropped in 1993 should be reimposed. The Christian Democratic Union of Chancellor Helmut Kohl, the Christian Social
        AP  -  83 words
      • 35 5 Reuter VIENNA Austria enters a new parliamentary era on Monday following an Oct 9 general election in which voters overturned the old order and created prospects for new alliances. Reuter
        Reuter  -  35 words
      • 65 5 Reuter NEW YORK US Defence Secretary William Perry firmly opposes renewing production of the B-2 Stealth bomber, whose primary contractor of the U5544.2 billion programme is Northrop Grumman Corp. he told the Wall Street Journal in an interview. Mr Perry told the paper he was
        Reuter  -  65 words
      • 52 5 UPI BUCHAREST The governor of Romania's central bank has warned that any delay in the privatisation programme may cause the collapse of the economy. He says a lack of financial discipline to dump bankrupt firms and the government's reckless coverage of bad loans will send inflation
        UPI  -  52 words
    • 337 5 FT LONDON Bell Atlantic of the United States and France Telecom have joined forces in the contest for the Czech Republic's state telecommunications company, which could be Eastern Europe's biggest privatisation. Initial bids for a 27 per cent stake in
      FT  -  337 words
    • 520 5 AP WASHINGTON Americans will go to the polls on Tuesday to decide control of the Congress for the next two years and to pick governors for 36 of the nation's 50 states. President Bill Clinton is not on the mid-term ballot. But
      AP  -  520 words
    • 320 5 NYT WASHINGTON David Gergcn, the Republican who joined the Clinton administration last year to help pull it out of chaos, has submitted a letter of resignation to the White House, formalising his previously disclosed plans to leave his post as special adviser to
      NYT  -  320 words
    • 393 5 Reuter AFP LONDON Britain's trade and industry minister has personally intervened to withdraw a booklet his department sponsored which recommended business dirty tricks such as going through competitors' rubbish bins. Trade and Industry Secretary Michael Heseltine acted after journalists quizzed ministry officials on the
      Reuter; AFP  -  393 words
    • 336 5 FT FRANKFURT The German Economics Ministry is probing leaks of market-sensi-tive data, following a complaint from a foreign bank that German rivals had prior knowledge of industrial orders figures that were published on Thursday. Federal bond prices slipped as accurate reports
      FT  -  336 words
    • 84 5 AFP PARIS It would seem that the elephants had packed up their trunks and headed for Paris where they put up a demonstration in front of the South African embassy on Wednesday. Members of animal rights group Robin des Bois were protesting against South Africa's
      AFP  -  84 words
  • Page 5 Advertisements

  • COMPANIES & MARKETS
    • 355 6  -  By Abdul Hadhi SINGAPORE Orchard Parade Holdings and Wing Tai Holdings, which jointly bought the Tien Wah Press site in August for $218 million, will refinance the deal one of them by issuing bonds and the other by issuing notes.
      355 words
    • 333 6  -  By Corinne Kerk SINGAPORE The head of food group Goodman Fielder Asia's biggest revenue earner, Auric Pacific Trading, has quit after 11 years with the company. Wun Khai Ping, divisional director of the group's wholesale distribution and marketing arm, will leave at the
      333 words
    • 337 6 SINGAPORE The share price of power plant engineering firm Van Der Horst yesterday fell for the second consecutive day on talk of staff problems, poor earnings and unfavourable prospects. Investors also sold on the basis of speculation that some of the
      Source: Bloomberg  -  337 words
    • 371 6  -  By Teh Hooi Ling SINGAPORE Chiwan Petroleum Supply Base, a SinoSingapore joint venture seeking a listing on the Shenzhen Stock Exchange, is considering a secondary listing here. Yuan Yu Hui, company secretary of CPSB's major shareholder China Nanshan Development, said yesterday that if
      371 words
    • 708 6  -  HOCK LOCKSIEW By S N Vasuki SINGAPORE China Light Power (CLP), Hongkong's premier utility, is slowly and steadily establishing a significant presence on the mainland. Though CLP's electricity sales to China have levelled off in recent months, analysts say this will be offset
      708 words
    • 264 6  -  By Lee Wai Leong SINGAPORE Aztech president Michael Mun yesterday denied a wire service report which said the company was paying US$lO million (S$ 14.68 million) for a 12 per cent stake in Reveal Computer Products, an American maker of sound chips.
      264 words
    • 163 6 SINGAPORE Sembawang Bethelem Pte Ltd (Sembeth) has secured a second US$4O million (Sss9 million) contract from Suisse Atlantique to design and build a bulk carrier. This contract from the Switzerland-based shipping company follows another awarded in July. The latest deal
      163 words
    • EYE on your STOCKS
      • Article, Illustration
        100 6  -  Quak Hiang Whai MULTI-PURPOSE Holdings seems to have found some support after falling from above $3 recently. The stock picked up 5 cents yesterday to $2.41. Like many of the speculative Malaysian counters, Multi-Purpose appears to have limited downside risks from here and looks like a good short
        100 words
    • SHIPS IN PORT
      • 453 8 Hurt Vty N> B«r1h fcrtnj Dtparttt Vrad Voy No Berth Arrival Dapjrturt JVMg Part Ubmar top 21A P07 0411/2000 0711/0700 Batam Mt N157 11 rinpdt OS 11/2300 Batam S#nd3 A3194* P01A 0411/1900 04.11/2000 Cm* 120/21 *«pdt 05.11/1300 Batam S«wl3 ****** POU 0511/0700 0511/0000 Ham*a« 71W 117 *o*s*
        453 words
      • 1547 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rdts Ship Voy No Etb/Btr Period From To From <** 211A 06/0500 IB 04/1500 04/1669 04/1900 2A 04/1700 05 0659 06 0900 4 05/1200 05/1459 05/1W0 to OWA 05/1500 U
        1,547 words
    • COMPANIES
      • 546 7 MBT KUALA LUMPUR Bank Negara has warned money market dealers to shape up and become more active in market making or lose their appointment as principal dealers, governor Ahmad Mohamed Don said last night. The Bank Negara governor said the lack
        MBT  -  546 words
      • 310 7 AFP KUALA LUMPUR A new directive by Malaysia's stock exchange for brokers to report transactions daily has dented the market this week but could enhance long-term confidence in the local bourse, analysts said yesterday. The directive, issued internally to broking houses on Monday for
        AFP  -  310 words
      • 301 7 Bernama MBT KUALA LUMPUR The offer for sale of shares by KPJ Healthcare Bhd, a member of the Kumpulan Perubatan (Johor) Sdn Bhd (KPJSB), has been subscribed by 76.14 times. For its flotation exercise on the Kuala Lumpur Stock Exchange (KLSE) main board,
        Bernama; MBT  -  301 words
      • 442 7 Reuter JAKARTA Indonesian conglomerate PT Astra International yesterday announced impressive eight-month results achieved on the back of strong car sales, which analysts said are expected to remain buoyant. Astra posted a consolidated net profit of 163.70 billion rupiah (*****.6 million) for the first eight months
        Reuter  -  442 words
      • 275 7 MBT KUALA LUMPUR TruTech Holdings Bhd, whose main business activity involves the contract manufacturing of electronic components, plans to launch its own brand of products. The company, which is heading for the Kuala Lumpur Stock Exchange second board, is currently
        MBT  -  275 words
      • COMPANY BRIEFS
        • 26 7 SINGAPORE GRP Ltd said the Stock Exchange of Singapore has given in-principle approval to list and quote its recently proposed bonus shares.
          26 words
        • 56 7 SINGAPORE Cosco Investment (Singapore) Ltd has bought two shares of $1 each, comprising the entire issued and paid-up capital of Harington Property Pte Ltd. Cosco plans to apply for an additional 4,999,998 ordinary shares of $1 each, bringing its shareholding to 5 million shares. The subsidiary
          56 words
        • 41 7 SINGAPORE Tibs Holdings, through its wholly-owned subsidiary PB Packaging Systems Singapore Pte Ltd, has set up a new subsidiary called PBP Investment Pte Ltd. The new firm will serve as an investment company for overseas ventures.
          41 words
        • 80 7 SINGAPORE Singapore Airport Terminal Services (SATS) yesterday signed an agreement with Indian Hotels Company Ltd (IHC), Oriental Hotels Ltd (OHL) and Malaysia Airlines (MAS) to set up a new joint venture called Taj Madras Flight Kitchen Pte Ltd in India. Sats said the agreement is
          80 words
        • 101 7 Reuter JAKARTA PT Karwell Indonesia, a textile and garment producer, plans to go public by offering 20 million shares, or almost 31 per cent of its enlarged share capital, in December, the company said yesterday. Karwell, established in 1978. plans to use the proceeds
          Reuter  -  101 words
        • 56 7 KUALA LUMPUR Amalgamated Industrial Steel Bhd (AISB) says it has received an investment proposal from Fabureat Sdn Bhd in which the latter has proposed to sell its equity interest in three companies engaged in timber logging and timber products manufacturing. AISB says it has engaged a
          56 words
      • 135 7 Tan Tan, Accor in hotel deals Bernama KUALA LUMPUR Tan Tan Developments Bhd yesterday said it has signed two joint-venture agreements with Accor Asia Pacific Corporation to develop budget hotels in Malaysia, Singapore and Brunei. Accor is the largest hotel network company for midscale and budget hotels worldwide. Tan Tan
        Bernama  -  135 words
      • 1228 7 MmicmV prkM Nov 5 4 7 Mendaki Gr Fund 1.18 1.21 Smcaoore Unit Trust us Gr Fund 097 1 0l,,d lllilft lAj The Commerce 1.70 1.80 UIT1B MR mp Ltfl The Savings Fund 165 I.7S Unifund 1.53 1.60 S'pore Prog Fund 0.64 0.68 Unibond 1.045 1.07 S*pore Sec Fund 1.01
        1,228 words
      • 381 7 NST KUALA LUMPUR Little known Magna Bumi Sdn Bhd has proposed to take over the control of plantation-based Parit Perak Holdings Bhd for M 5300.9 million (*****.5 million). The company, which is partly owned by Idris Hydraulic (Malaysia) Bhd's managing director
        NST  -  381 words
      • 192 7 Bernama KUALA LUMPUR Mycom Bhd said its proposal to raise its issued and paid-up capital to M 5328.32 million (S$ 187.14 million) from M 5246.24 million by way of a bonus issue of 82.08 million new ordinary shares has been
        Bernama  -  192 words
      • 426 7 Bernama KUALA LUMPUR Two more subsidiaries of the Johor State Economic Development Corporation (JSEDC) are expected to be floated by next year. JSEDC chief executive Mohamed Ali Hashim said the two are Sinora Sdn Bhd and Johor Land Sdn
        Bernama  -  426 words
      • 372 8  -  By Teh Hooi Ling SINGAPORE A Canadabased closed-end investment fund aims to raise Cs2oo million (Ss2l6 million) to invest in enterprises sponsored by China's State Science and Technology Commission. The fund, China Torch Industrial, will invest in enterprises that come under China's Torch
        372 words
      • 444 8 Reuter AUCKLAND New Zealand's Carter Holt Harvey announced an interim profit hike and another Pacific Rim expansion but admitted relations with its Chilean partner are still not always amicable. The forester, 25 per cent owned by International Paper of the US,
        Reuter  -  444 words
      • 351 8 Reuter LONDON "Tiny" Rowland, controversial founder of the Lonrho global trading empire, was ousted as co-chief executive on Thursday in a dramatic boardroom coup. Sources close to the company said Mr Rowland, who dominated Lonrho for 34 years, was forced to resign following 48 hours
        Reuter  -  351 words
      • 118 8 Reuter LONDON Canary Wharf looms in the background as a businessman makes his way into Poplar light railway station in the Docklands. The company said on Thursday that it had now let about 2.S million sq ft of its huge office complex, leaving about one
        Reuter  -  118 words
      • 280 8 AP NEW YORK The Nasdaq stock market fired back on Thursday against accusations of price-fixing and incompetence, asserting in full-page newspaper ads that a Business Week article disparaged the US' No 2 stock market. The Nasdaq advertisement said "a number of suppositions
        AP  -  280 words
      • 130 9 Bloomberg Business News ATLANTA Turner Broadcasting System Inc reported on Thursday that third-quarter earnings almost trebled, as results from recent acquisitions more than offset a loss tied to company's striking professional baseball team. The Atlanta-based concern, which operates Cable News Network among a dozen other cable
        Bloomberg Business News  -  130 words
      • 131 9 Bloomberg Business News TOKYO Furukawa Electric Co and Sumitomo Electric Industries Ltd, top makers of electric wires and cables, said yesterday oost-cutting measures and investment income offset declining sales to produce higher half-year earnings. Furukawa's current profit in the six months to Sep 30 rose
        Bloomberg Business News  -  131 words
      • 119 9 Bloomberg Business News HONGKONG Lai Sun Development, a Hongkong property developer and investment company, announced a rise in net profit of 32.39 per cent to HK$965 million (*****.3 million) for the year ended July 31. The rise is lower than its first-half increase in net
        Bloomberg Business News  -  119 words
      • 125 9 Bloomberg Business News HONGKONG Crocodile Garments, a clothing retailer and manufacturer in Hongkong, said its net profits fell 28.83 per cent to HKSSO.I million for the year ended July 31. The company reported a previous slump in profits of 15.9 per cent in the six
        Bloomberg Business News  -  125 words
      • 107 9 Bloomberg Business News WASHINGTON General Electric Co said corporate losses related to its Kidder, Peabody Co brokerage unit could run as high as US$95O million this year. The Fairfield, Connecticut, industrial and financial services company provided the estimate in a quarterly report filed
        Bloomberg Business News  -  107 words
    • FINANCE & COMMODITIES
      • 342 10  -  By Shiv Taneja SINGAPORE US brokerage and investment bank Bear, Stearns and Co has received approval from the Monetary Authority of Singapore to operate as a nonmember broker here. The Singapore operation, headed by senior managing director Tan Kok Wee, is
        342 words
      • 393 10 Reuter HONOLULU Insurance companies are not convinced the latest decline in catastrophe reinsurance rates will continue into 1996. Another natural disaster could easily push prices higher, said reinsurance underwriters attending a major industry conference which concluded on Wednesday in Hawaii. Insurers are now
        Reuter  -  393 words
      • 427 10 DBS Bank weekly currency review LSVmark: downtrend expected to resume USS/mark gave up the previous week's gains to fall to 1.4910 by Wednesday night, before the Central Bank intervention brought it to 1.5255 by Thursday. The US unit then settled to trade around 1.5610
        427 words
      • 245 10 Reuter ZURICH Union Bank of Switzerland (ÜBS) has made clear it is ready to make concessions to its biggest critic, maverick banker Martin Ebner, but remains determined to convert its registered shares into bearer shares. ÜBS chairman Nikolaus Senn said in a
        Reuter  -  245 words
      • 254 10 Knight-Ridder KUALA LUMPUR The Malaysian Chamber of Mines said China's efforts to control tin exports appear to be succeeding. "For the moment, it appears that China's export controls on tin are working," it said in a report yesterday. China's tin exports
        Knight-Ridder  -  254 words
      • 383 10 AP NEW YORK The New York Insurance Department is investigating whether Lloyd's of London can meet its claimspaying responsibilities to US insurers that are insured themselves by LLoyd's. A team from the department spent several weeks in London combing financial records at Lloyd's American Trust
        AP  -  383 words
      • 293 10 Reuter LONDON Oil prices remained firm yesterday despite expectations among many market analysts that a recent rally was set to run out of steam. "We need a breather but the market is still strong," said Charles Gray at Prudential Bache Futures in London.
        Reuter  -  293 words
      • 171 10 LONDON Bloomberg Business News The dollar was steady against major currencies after the Labour Department said the economy added a smaller-than-expected 194,000 jobs in October, easing some investors' concern about inflation. Analysts had predicted a rise of 247,000 jobs. The economy added 248,000 jobs in September, originally reported as 239,000.
        Bloomberg Business News  -  171 words
      • 92 10 AFP The dollar was up against other major currencies in early trading yesterday with dealers confident that the Federal Reserve will continue to intervene in support of the US currency. The latest jobless figures for October, which showed the lowest number of unemployed in four years also boosted
        AFP  -  92 words
      • Article, Illustration
        1284 10 IraJe-Mnghled index cakuialnJ ajfaiml Spore s lop 14 trading partners Base year I9SS USS/SS forward rates Noon Nov 4 SS Bid Offer 1-month ***** 1 4675 2-month ***** 146$ I 3-month 1.4616 1 4631 6-month 1.4)62 I.4SS2 Sourrr OC'BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m Not
        1,284 words
    • COMMODITIES & FUTURES
      • 1314 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended steady after narrow range trading. Dealers said market participants were cautious ahead of the US non-farm employment data due last night. The market expects payrolls to increase by 200,000 to 250,000 in October. A
        Reuter  -  1,314 words
      • 670 11 COMMODITY REPORTS KL Tin TIN jumped 41 sen to close at MS 16.06 a kg. a 26-month high, on rising London prices and strong consumer demand yesterday. The previous high of MS 16.19 akg was on Sep 25, 1992. An analyst said yesterday's high
        670 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 52 11 BANGKOK Thailand has about 600,000 tonnes of sugar left unsold this year and 500.000 tonnes is refined white sugar, the Bangkok Post reported yesterday. Local rumours of sugar shortages were wrong and prompted by a glut of refined sugar, mainly produced for export, the
          52 words
        • 75 11 DENVER China will produce just over 100 tonnes of gold in 1994, compared with an official figure of 90 tonnes for 1993, a Chinese geologist with close ties to the Chinese government said here yesterday. Dr Wang Ping said gold output this year
          75 words
        • 62 11 NEW DELHI Madras Aluminium Co Ltd, a private-sector company shut down in 1992 because it became unviable, may be opened again under a new management, said a spokesman at the Ministry of Mines. The government-run Board for Industrial and Financial Reconstruction which supervises the turnaround
          62 words
        • 67 11 AMSTERDAM The Dutch government was urged to fight a perceived threat that the European Commission may relax a requirement that chocolate be made 100 per cent of cocoa. Dutch chocolate producers were reacting to what they see as a threat by the European Union to
          67 words
        • 52 11 MOSCOW Russia's sugar beet harvest is expected to total between 13 and 14 million tonnes this year, down from 25.5 million in 1993. Ivan Gridasov. in charge of the ministry's crop growing department. said that the beet harvest have been hit by a
          52 words
      • 1464 11 Rubber Nov 4 Singapore Commodity Exchange Physical Prices (futures dosing as at 5.30p«) Buyers Man As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) r v RSS 2 Dec 94 193.00 I94.00N Month High Low Inti&t RSS 3 Dec 94 192.00 193.00N RSS 4 Dec 94
        1,464 words
    • REGIONAL STOCK MARKETS
      • 1096 12 -9.3 SHARES eased to a three-week low yesterday as investors nervously awaited the release ol key US employment data. The key All Ordinaries Index ended at 1.999.8 points, down 9.3 on Thursday's finish and its lowest closing level since Oct 13. The All Industrials Index fell 13.6 to 2.836.3
        1,096 words
      • 684 12 +41.59 Stocks bounced back amid reports of strong third-quarter performances and rumours of dividends, analysts said. The Composite Index rose to 3,096.58 points, up 41.59. Turnover was 3.9 billion shares valued at 1.7 billion pesos. Many analysts attributed yesterday's rise to reports showing that a number of companies had
        684 words
      • 585 12 +62.82 Stocks gained momentum with eight major categories posting gains as investors bought at lows, dealers said. The 392-issue Weighted Price Index inched up 62.82 points to finish at 6,369.11. Turnover was 838 million shares worth NTS 37 billion. The market opened low. but bargain-hunters snapped up low-cost shares,
        585 words
      • 415 12 1.79 Stocks posted a narrow gain yesterday, hitting a record high for the second straight day despite government measures to cool them down, brokers said. The Composite Price Index closed at 1,119.52 points, up 1.79. Turnover totalled 66.5 million shares, valued at a record high of 1.44 trillion won.
        415 words
      • 334 12 -4.20 Shares declined, led down by Telecom. Investors were disappointed by Telecom s no-sur-prises first-year profit on Thursday, traders said. However, forester Carter Holt Harvey and home appliances manufacturer Fisher Paykel gained after announcing strong profit rises yesterday. With Telecom, "people were hoping for a bit more", said
        334 words
    • WORLD STOCK MARKETS
      • 784 12 -6.8 SHARE prices closed lower, just under the psychological 3,100 level on the FTSE--100 index, restrained by weaker FTSE futures but against the background of firmer gilts and a higher Dow after US jobs data. The Footsie finished 6.8 points off at 3,097.6. "We were expecting the Fed to
        784 words
      • 148 12 +20.52 French shares end a volatile session higher on expectations that the US jobs report may prompt a rise soon in US interest rates, removing uncertainty as to the timing of such a move. 'The big focus has been insurers and stocks sensitive to the bond market," a trader
        148 words
      • 211 12 +8.01 German stocks rose after a US employment report eased concern that the Federal Reserve would raise interest rates soon. The Labour Department said the unemployment rate fell to 5.8 per cent in October from 5.9 per cent the month before. It also said 194,000 nonfarm jobs were created
        211 words
      • 123 12 +2.47 Belgian stocks rose for a second day after weaker-than-expected US October jobless numbers eased concern about rising inflation and interest rates. The Bel2o Index rose 2.47 points to 1,383.69. its highest close for more than five weeks. Brussels Swl Fraart FORWARD MARKET Mi Fin 2320 4) Acre ISM>
        123 words
      • 165 12 +26 Italian shares closed mixed overall with only the banking sector providing any focus of interest. Brokers remained bearish with the unsettled political scene and uncertainty over the budget seen leaving little room for gains. There are still heavy short positions in the market. Ambroveneto, for which Banca Commerciale
        165 words
      • 338 12 +44 South African shares closed mostly higher in quiet trade. largely unmoved by US unemployment data. "There is more Guy Fawkes on the market than trading," said a dealer, adding that investors were still cautious about a possible correction after Thursday's buying spree. Golds hovered around weaker levels on
        338 words
      • 239 12 12.71 Stocks moved higher in early trade after mixed US jobs data, helped by stronger precious metals issues. "I think the market will close on the upside today." said one trader. The TSE-300 Composite Index rose 12.71 points to 4,239.53 in turnover of 7.43 million shares worth CS 100.62
        239 words
      • 759 12 19.51 Stocks were mixed after October's employment report failed to dampen expectations of rising inflation and higher interest rates. Gains in car stocks such as General Motors and Chrysler and chemical companies such as Union Carbide offset lower prices for computer stocks such as Compaq Computer and oil
        759 words
      • 265 12 +0.40 Dutch stocks rose for a second day amid optimism about company earnings and a stronger dollar. News of a lower-than-ex-pected 194,000 rise in US non- farm payrolls in October failed to dampen global concern about inflation, however, and US bond yields rose, pushing stocks off the day's high.
        265 words
      • 117 12 -1.96 Worries about the Swedish referendum on European Union pushed shares lower in an otherwise quiet trading session. A poll in daily Dagens Nyheter earlier showed 40 per cent would say ">es' and 39 per cent 'no', while a survey in Expressen gave the 'yes' side 48 per cent
        117 words
      • 218 12 +9.6 Swiss shares ended firmer after the release of the US jobs data, which sent mixed signals to the markets. An early rally on Wall Street helped shares in late business, the traders said. They said the firm dollar also supported sentiment and short-covering led shares higher. The broad
        218 words
      • 548 12 Vienna No* 4 Asch AHA Bank \uMru PS (A-IV VZ 4M EVN I IN urKh F lufttulrn jM im/inf 106^ loLim —42' 2 MavuUn MM V/ <21 22 OtMVVZ V* VA Tcvhm4ngir IOSI 5 Voivhct 131 VcitMjnd \ilK N* 1 f WicVityif Source: Nasdaq No* 3 1S$ \«ii4phCoorsBoeing IT uiwh
        548 words
    • Article, Illustration
      3104 13 Bloomberg Business News HONGKONG Stocks stalled as persistent concerns about the direction of US interest rates offset excitement over a long-anticipated agreement on financing the territory's new airport. "Interest rates remain a major obstacle for the market." said a dealer. The Hang Seng Index rose 38.44 points to 9,530.40.
      Bloomberg Business News; Source: Bridge Info  -  3,104 words
    • Article, Illustration
      584 13 CLSA TURNOVER in Hongkong H shares surged to HK.SI34 million and the index closed 5.91 points higher at 1,494.94 yesterday. Yizheng surged 2.5 per cent on active volume of HKS47 million. Maanshan ended the day unchanged on HKS36 million turnover. Shanghai B shares edged down 7.54 points to 861.47
      CLSA  -  584 words
    • Article, Illustration
      2541 13 Reuter TOKYO Stocks closed firmer yesterday on the back of gains by the US dollar against the yen on Thursday, when Tokyo markets were closed. But trade was lacklustre ahead of the weekend and US October employment data due later yesterday. "Today's business was featureless. The market was taking
      Reuter; Source: Bridge Info  -  2,541 words
    • Article, Illustration
      1834 13 Bloomberg Business News BANGKOK Stocks declined as investors lowered bids on stocks in cement and telecommunications companies on the belief that they're priced too high in relation to their earnings prospects after recent gains that were triggered by a Cabinet reshuffle. "Investors went a little wild." said an analyst.
      Bloomberg Business News; Source: Bridge Info  -  1,834 words
    • Article, Illustration
      1100 13 Reuter JAKARTA Stocks closed mixed in lacklustre trading yesterday with the market showing no direction. "It was anyone's bet where the market was going today. Trading was directionless and apart from reasonable volumes, on Indosat and Duta Pertiwi, the only thing to look forward to is the weekend." one
      Reuter; Source: Bridge Info  -  1,100 words
    • 2505 14 MOflt ACTIVE votoTK K.L Industries 5.620,000 F U B MX S.054,000 Promct 4.892,000 MBt Capital 4.176.000 Mulpha Intl 50c J.404.000 Idris H>d 50c 3.225,000 Bojava I nil 2.139,000 Pc«i Msia 1,915,000 InoOxyacn Wt95 1,858,000 Bcqaya L Wt99 1,826,000 Multi-Purpose 1,781,000 Fabcr Group 1,600,000 Magnum Corp 50c 1,586.000 KL
      2,505 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6149 14 Bloomberg Business News KUALA LUMPUR Stocks staged a rebound yesterday after reports that the Federal Reserve defended the dollar calmed investors' concerns that inflation is poised to accelerate. The leading Composite Index rose 7.95 points to 1,074.41. The Emas Index rose 4.19 to
        Bloomberg Business News; Source: Bridge Info  -  6,149 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8409 15 Gr Cr M Wl 1994 Lm Vol Da; laut QmU Dh Dh VU Net Cap Am High l«» Company Sal* (-MM) High Lo" »■>« Seta* Cw «k HI Smil Price INDUSTRIAL AND COMMERCIAL 1440 835 ml Ac ma 1110 175 4.7 16 177 765 1 1118 547* 267* I s
        8,409 words
      • 1867 16  -  By R Sivanithy SINGAPORE Stock prices on both sides of the Causeway yesterday closed higher for the first time this week, a rebound that dealers said was attributable to a combination of technical factors and a slight overnight firming on Wall
        Charts by Bridge Info; Source: Bloomberg  -  1,867 words
  • Page 6 Advertisements
    • 453 6 MARKET MOOD For next week 's expected market sentiment, see Bi Sentiment Index on EL4 (Personal Finance A Investment section} NEWS VALUE Govt to allow private satellite links for companies soon (PR I) Not clear to what extent Telecom's earnings will be hit. SPH's profit rises 29% to $292 m
      453 words



  • Page 9 Advertisements
    • 273 9 MFHlline In English Number Horoscopes (Daily) 8450 The SCORPIO Career A Finance Entertainment News 8451 How To Paint The Town Red? Ghost Story 8452 Night Strangling; Win Prizes! Children's Funland 8453 Sun Wukong Has Much To Learn... Face Facts 8454 Eyes Dreamland 8455 Fandi Ahmad A Football Dreams; Quiz: Anxiety
      273 words
    • 1191 9 ANNOUNCEMENT GROUP COMPANY AIIMTEIt i 1 Re#ults <»*> HU 111 Wum I. $'000 s'ooo t'ooo vooo Turnover 767,518 660,975 16.1 706,106 434,626 62.5 Trading profit [See Note (a)] 347,504 270,066 28.7 303,818 64,836 368.6 Hill Income from investments 55,739 38,425 45.1 45,821 32,155 +42 5 I W Dividends from unquoted
      1,191 words


  • Page 11 Advertisements
    • 116 11 ijjS^AUCTION FRIDAY 18th NOVEMBER, 3pm. at HILTON HOTEL, EDMONTON ALBERTA CANADA 14 SITES 43 BUILDINGS 1,570 UNITS! SUITABLE FOR SMALL OR LARGE INVESTOR! LOWER THAN CURRENT INTEREST RATE MORTGAGES IN PLACE. MANAGEMENT SHARING OPTIONS. LOW RISE CONDOS TOWNHOUSES APARTMENTS BUY AS PACKAGE OR INDIVIDUALLY WIN AUCTIONEERS, CANADA MLADEN KARABOGDAN DAVID
      116 words
    • 36 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Make new business contacts through classification 203 in The Straits Times W Classified, l o^l^ 1
      36 words


  • Page 13 Advertisements
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      162 words

  • Page 14 Advertisements
    • 197 14 ndvle consul a 1 g 77~ inillßJ EEIDIDDD Petaus 1975 SlO3l Lalour 1947 I 999 it IBlallljffißl|P^^iMr»iji»Bitd{liga^TS|(|l||| S3S2 IS $iw u!o" IS *****11 jPMII «alr%illllilH stz ke ss rs tHJI MmMMMMI M W H*' Margaux 1900 $7534 Mouton Rothschild 1945 4938 ftf ■■■BBmB _alß| IIBBBIH IB Margaux 1945 $17% Mouton
      197 words
    • 4 14 Monday in Business Times
      4 words

  • Page 15 Advertisements
    • 173 15 NEW BALANCE presents the The MKM7s offer real running shoe American Classics Collection De- ventuie series technology. Real running shoe supsigned to take the work out of walk- com^ort JP sl w hat did you ing. These elegant shoes look better expect from a company that makes when you are
      173 words

  • Page 16 Advertisements
    • 35 16 Binu^^sni^s TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 SELLING POINT If ever you have to sell ice to the Eskimos, let us offer you a pointer or two. Advertising Marketing. Every Friday. SINGAPORE r 1 Business Times
      35 words
    • 98 16 NOTICE Please be informed that Mr Chan Eng Ho (NRIC No *****37/J) is no longer a director of B.S.K. Stevedoring Pte. Ltd with effect from 31 Oct 1994 He is also no longer under the employ of the aforesaid company and is not authorised to transact any business or collect
      98 words
    • 135 16 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER Of RIYAN ENGINEERING PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of the Companies Act Cap. SO that the Final Meeting of the Members of the above-named Company will be held
      135 words
    • 583 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 58 AND IN THE MATTER OF KAYONG ENTERPRISES PRIVATE LIMITED (Incorporated Id the Republic of Singapore) (In Members' Voluntary Winding-up I At an extraordinary general meeting of Kayong Enterprises. Private Limited duly convened and held at 11 Clyde Street Singapore 0718 on
      583 words

  • Executive Lifestyle
    • 1600 17  -  Lady golfers look ready to become significant players on the local scene, reports Shahiron Sahari Shahiron Sahari SINGAPORE'S women golfers are coming out of the closet and with more than their husband's clothes these days. The image of the woman or as they say
      1,600 words
    • STRAWS IN THE WIND
      • 38 17 ASIAN students are doing so well in the United States that an American executive who asked his son at UC Berkeley about his grades was given this answer "Do you mean including or excluding the Asians?"
        38 words
      • 22 17 THE Singaporean's obsession with Certificates of Entitlement (COEs) has inspired some wisecracks: Cause of Escalations. Cars Overly Expensive. Cost of Elections.
        22 words
      • 46 17 MORE about Singaporeans' preoccupation with cars. We're told that, no thanks to the throngs heading for the Singapore Motor Show, those going to the Tresors Art Fair had to circle round and round the World Trade Centre car park before getting a parking lot.
        46 words
      • 73 17 A SHOPPING centre in Orchard Road is giving its customers free parking for the first hour if they spend more than $10. The problem is, with no noticeable signs in the car park telling shoppers of this incentive, those who don't take their parking coupons with them have
        73 words
    • OPINIONS
      • 999 18  -  LETTER FKCM WASHINGTON As the 'inner city' spreads its tentacles towards 'good neighbourhoods' in the US capital, alarmed whites are moving out in increasing numbers LEON HADAR The writer is BT's H ashinglon Correspondent WASHINGTON, as everyone knows, is the capital of the United States, the
        999 words
      • 604 18  -  Mitchell Landsberg finds some mighty weird campaigning going on for next week's US Congress elections Mitchell Landsberg AP THINGS arc getting strange out on the US Congress election campaign trail. A Hawaiian congressional candidate has vanished. A bank robber is running for the state Legislature
        AP  -  604 words
      • 529 18  -  Robert Reno says it's silly to be alarmed about inflation in the US in the present economic climate Robert Reno The writer is a columnist with the La)s Angeles Times and Washington Post, w here this commentary first appeared THE American
        529 words
    • VIEWPOINT
      • 2815 19  -  afs THE RAFFLES CONVERSATION Congress Party parliamentarian Mani Shankar Aiyar talks to Vikram Khanna about the courage of the late Prime Minister Rajiv Gandhi, the present leadership, and India's economic modernisation. And about his country's differences with Pakistan Vikram Khanna He certainly looked the part. When I met
        2,815 words
      • 399 19 MAN I Shankar Aiyar is the first Indian MP who is trying to cultivate links between his parliamentary constituency Mayiladuthurai, in India's Tamilnadu state and Singapore. Or rather, to strengthen those links. "Tamils have been coming here since the last century, and most of them
        399 words
      • 636 19 THE FAREWELL parties for Mani Shankar Aiyar reportedly started six months before he left Karachi, Pakistan, where he served as India's first Consul-General from December 1978 to January 1982; he was a hit with the Pakistanis, and they with him. "I have never in
        636 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS' EYE
        • 51 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, Fraser Securities, GK Goh, Morgan Grcnfell, OCBC Investment Research, Peregrine Securities. Phillip Securities, SG Warburg. Smith New Court and W I Carr. Figures denote number of
          51 words
        • 282 20 Nomura Research Institute (Nov 4) Centrepoint Properties. Enhanced portfolio. Alexandra Point purchase attractive as it was acquired on extremely high yield of 9.3 per cent (5 to 6 per cent for comparable properties) and a steep 37 per cent discount. Promising earnings outlook from residential/industrial/office properties. IJM. Construction stock
          282 words
        • 85 20 Mon, Nov 7. Singapore: Start of "when issued" trading in Chevalier Singapore shares. Malaysia: Kuala Lumpur International Airport to announce winning bid for construction of main terminal building. Tue, Nov 8. United States: September wholesale trade. US congressional elections. Wed, Nov 9. Washington: Third-quarter productivity figures. Thu, Nov
          85 words
        • 449 20  -  Martin French Chief representative Credit Lyonnais Securities (Malaysia) (4 i T 450 metres tall, Z\ the Kuala Lumpur JL City Centre twin towers will be the world's tallest office buildings. They are the centrepiece of a glistening new citadel, surrounded by a huge road and urban rail
          449 words
      • 714 20  -  WEWEEK By Joyce Quek THE latest initial public offerings in Singapore have met with lukewarm or worse still little response from investors. On Thursday, Chevalier Singapore's offer closed undersubscribed by 20 per cent. Liang Huat Aluminium ended 38 per cent undersubscribed in June,
        714 words
      • 705 20  -  Shiv Taneja reports on the international broker's outlook for the region in 1995 Shiv Taneja Hongkong is still the market to put your money into, followed by Singapore, Thailand and Malaysia. So says Jake van der Kamp, HG Asia's investment strategist, at
        705 words
      • 549 20  -  Eve on the region Bill Sung is cautiously optimistic about the territory Bill Sung The writer is an associate director of Morgan Grenfell Investment Management (Asia) Ltd. THESE are times of cautious optimism for the Hongkong stock market, despite a disappointing
        Source: Bridge Info  -  549 words
      • 356 20  -  BT Golf Index By Shahiron Sahari THE BT Golf Index rose a solid 9.11 points in October to 249.99, its highest level since March, when the Index stood at 251.1. The 3.8 per cent increase makes October the third consecutive month that the
        356 words
      • 1780 21 Spurred by bright prospects, wealthy Asian families are striking deals with other influential groups. A report by Asiamoney magazine looks at the trend and highlights some of the major Hongkong taipans. Asiamoney WHEN Singapore hotelier Ong Beng Seng sought to build desperately needed office blocks in
        Asiamoney  -  1,780 words
      • 542 21 Flagship company: Cheung Kong Market capitalisation: L 5510.35 billion LI KA-SHING is regarded as Hongkong's richest man. His net worth has been estimated at US$5 billion (557.3 billion) to US$7 billion not bad for someone who quit school at 14 to support his mother, younger
        Source: Bridge Info  -  542 words
      • 348 21 Flagship company: Sun Hung Kai Properties Market capitalisation: US$l3.2 billion THE British-educated Walter, Thomas and Raymond the second generation of Kwoks running Sun Hung Kai Properties have been praised for their focused and conservative management style. Each year, the group
        348 words
      • 155 21 Flagship company: New World Development Market capitalisation: US$5.4 billion. CHENG VU-TUNG began as a jeweller 35 years ago. He married into the family that owned how I'ai look Jewellery. In 1970. Mr Cheng (bunded New World and two years later went for a public
        155 words
      • 330 21 Flagship company: Whec lock Co Market capitalisation: US$4.4 billion THE Pao family was originally from Shanghai but moved to Hongkong in 1949, shortly before the Communist takeover. The late patriarch. Yu-Kong Pao. made his fortune in shipping. Today, his World-Wide group operates 70 ships,
        330 words
      • 257 21 Flagship company: Henderson I^nd Market capitalisation: US$B.3 billion HIS father used to manage a profitable company in Guangdong province trading in gold. Just before the Communist takeover, Lee Shau Kee made numerous trips to Hongkong to move the family assets out of China.
        257 words
    • 683 22  -  Cinema Reviews By SUSAN TSANG SUNRISE is always a thrill, but when it's the animated spectacle of the sun coming up over the savanna that opens The Lion King, it is just overwhelming. The dazzled viewer gapes at an overhead picture of flocks of flamingoes taking
      683 words
    • 563 22 VAGABUNDA is Spanish for wanderer. After watching this torrid Mexican flick, however, one comes out convinced that it would be better translated as "tramp", because that's basically what the film is about the adventures of a tramp. Or a vamp. Whatever. 'i The sexy number
      563 words
    • 1510 22  -  Parvathi N Narayan finds out what spurs James Rosenquist to create his huge, powerful and often disturbing images Parvathi N Narayan The writer is an artist who contributed this article to Executive Lifestyle JAMES Rosenquist. that highly respected. hugely successful master of Modern Art, is
      Photo by Chris Loh  -  1,510 words
    • 601 23  -  ExNbttions By SUSAN TSANG CATALAN sculptor Enric Pladevall has been described as a "hot minimalist", though he would describe his art as just "Pladevall" Hot minimalism, however, isn't a bad place to start when looking at the sculptor's works. "It's simple," says Pladevall of his art.
      601 words
    • 638 23  -  CD Review By SHAHIRON SAHARI MADONNA: Bedtime Stories Madonna's creative juices seem to have dried up. The mistress of self-invention returns after 1992's Erotica with an album that is hard to fault, containing as it does songs which are never bad, but which unfortunately
      638 words
    • SPORTS
      • 475 24 Golf AFP BALI Nick Faldo shot a brilliant eight under par 63 here yesterday to take a huge lead after two rounds in the Alfred Dunhill Masters golf. The Englishman's course record round put him on 130 for two
        AFP  -  475 words
      • 470 24 Reuter SOUTHAMPTON, England Preliminary skirmishes have already begun in the battle for the America's Cup. yachting's oldest international trophy. San Diego, on the west coast of the United States, is currently hosting the America's Cup class world championships with racing for the Cup itself starting
        Reuter  -  470 words
      • 548 24 AFP AP SUZUKA. Japan Tomorrow's Japanese Grand Prix will be a huge memorial to dead Formula One star Ayrton Senna as well as another step to crowning the new generation of race kings. Senna was such a hero in Japan that
        AFP; AP; Reuter  -  548 words
      • SPORT SHORTS
        • Article, Illustration
          113 24 Reuter AP MII.WAIkEE Glenn "Big Dog" Robinson, the top overall pick in the 1994 NBA draft, agreed on Thursday to a 10-vear contract with the Milwaukee Bucks, the club said. The contract is believed to be worth USS7O million (SS 102.9 million). well below the USSIOO million Robinson was
          Reuter; AP  -  113 words
        • 78 24 NEW YORK McLain Ward and Leslie Lenahan rode two clear rounds here on Thursday, helping the US team win their sixth New York International Nations Cup event in seven years. Swiss rider Lesley McNaught-Mandi toppled the next-to-last fence for the fourfault difference in the event. The US team
          78 words
        • Article, Illustration
          167 24 Reuter IjONDON World No I Nick Price of Zimbabwe has changed his mind and will compete in the world championship in Jamaica on Dec 15-18. organisers said on Thursday. But Australian Greg Norman. US Masters champion Jose Maria Olazabal of Spain and Japan's Jumbo Ozaki have confirmed that they
          Reuter  -  167 words
        • Article, Illustration
          124 24 AFP NEW YORK Greek immigrant Spiros Nakos has run afoul of the US Olympic Committee because his 10-tabie coffee shop is named the Olympic Restaurant. Letters sent to the 44-year-old restaurateur warned him to discontinue using the name "Olympic" on his eatery, which opened in 1980 and was named
          AFP  -  124 words
        • Article, Illustration
          95 24 PARIS European Cup Winners' Cup 2nd rd (2nd leg on Thursday): Austria Vienna (Aus) I Chelsea (Eng) 1 (1-1 on aggregate. Chelsea win on away goals rule); Ferencvaros (Hun) 2 FC Porto (Por) 0 (Porto win 6-2 on agg): Werder Bremen (Ger) 3 Fcyenoord Rotterdam (Ncth) 4 (Fcyenoord 5-3);
          95 words
        • Article, Illustration
          389 24 AP PARIS Andre Agassi became the fifth player to qualify for next month's ATP world championship finals in Frankfurt when he beat compatriot Todd Martin to reach the quarter-finals of the Paris Indoor Open late on Thursday. The eighth-seeded scored a 6-2, 7-5 win over compatriot Todd Martin to
          AP  -  389 words
        • Article, Illustration
          55 24 AP SAN DIKGO High winds from the west moved into San Diego on Thursday, cancelling the day's ocean racing and shortening the International America's Cup Class world championships to four races. Officials were forced to cancel Thursday's race because of 18-knot winds at the starting line and 30 knot
          AP  -  55 words
    • PEOPLE
      • 201 24 TIFFANY Co. the American retailer of fine jewellery and gifts, recently introduced some of its table settings at a dinner and tea at Raffles Hotel. The presentation, entitled Tiffany Taste, saw four table settings created by John Loring. Tiffany's senior vice-presi-dent and design director. Guests were shown
        201 words
    • TIME OFF
      • Article, Illustration
        315 25 Six Lonely Oysters ACTION Theatre stages Ovidia Yu's comic-drama which looks at people you'd never expect to be lonely and how they block. off their feelings with carefully crafted "shells". Nov 11 to 21. Bpm at the DBS Auditorium; with a matinee at 3pm on Saturdays. Tickets at $15,
        315 words
      • 486 25 Mr Big 'Live' A one-night performance by the rock band which scored recently with the acoustic hit To Be With You and a cover of Cat Steven's Wild World. Tomorrow, Bpm at the Harbour Pavilion. World Trade Centre. Tickets at $35. $55 and $75 from Sistic outlets. a Lewis
        486 words
      • 275 25 Omnimax Movies Search for the Great Sharks Man's negative perception of sharks (possibly promoted by the Jam movies) has marked the creature as a thing to be feared and avoided much like rabid dogs. This movie hopes to help us understand them and see how these great creatures of
        275 words
      • Article, Illustration
        833 25 A Terrible Beauty Brother McNally, head of the La Salle-SIA College for the Arts, holds his first solo sculpture exhibition here. Until tomorrow, at the La Salle-SIA College Art Gallery. Admission is free. Zimbabwean Stone and Wooden Sculptures A collection of artefacts, curios, jewellery and handcrafted sculptures from the
        833 words
      • 232 25 Rapid Development of Township Enterprises in PRC The National University of Singapore's Faculty of Business Administration is organising this Mandarin seminar which will focus on issues like the development of and prospects for township enterprises in China, and how to pick a township enterprise as a joint venture partner.
        232 words
      • 225 25 Loy Krathong Festival The traditional Thai festival makes its way to our shores. Learn to create water-lanterns and the krathong that arc used in this unique fcatival of water and light. L'ntil tomorrow, at the Musical Fountain. Sentosa. Normal charges to the island apply. Singapore Motor Show Featuring new
        225 words
      • 213 25 The Dark Side of the Accordion Otto Lechner performs a selection of original compositions as well as adaptations of traditional and contemporary songs. Today. Hpm at the Guinness Theatre. Tickets at SI2. Forum for the Arts: Horse Motif in Chinese Art James J Lally lectures on the
        213 words
      • 143 25  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza. Junction 8. Liang Court. Raffles Citv. Scotts, Specialists Centre. Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at
        143 words
      • 531 25  -  Christopher Toh takes a trip back to the 1970s with KC and the Sunshine Band Christopher Toh WITH the slew of 1970s disco songs rehashed or otherwise being played on the radio these days, it seemed inevitable that one of the major proponents of the
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    • EPICURE
      • 694 26  -  Bm Afpetit By JAIME EE MAN cannot live by bread alone if that's the case, how does one explain the popularity of the humble sandwich? Given the proliferation of Delifrance and Prima Deli outlets, as well as other sandwich places like Mr Cucumber and Steeples' deli,
        694 words
      • 667 26  -  Wine By N K YONG MOST of the fun of wine comes from matching it with food. True, great wines are often best enjoyed on their own without food so they can be enjoyed in their full glory without any risk of their nuances and subtleties
        667 words
    • Article, Illustration
      1002 28 Airheads. A band hijacks a radio station to have their demo taped aired. Cathay: I Jam. Yishun: 5.15; 11.45pm. Bishan: 5; 11.45. Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His fiancee discovers the affair. R(A). Oriental: 1.30; 3.30; 9.30. Belle Epoque. During
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  • Page 17 Advertisements
    • 79 17 \;_|=`-^(_]",$"'<$.[>$+!{"`}?&_ W 1 IS3SISBKM M Wr mmm K m E[^^^tjBBBtSKKK^SS^Sm m M IT A fl rflJ^r^m K K ff U lf^ft MB^BF wm m \I jfl k B *"I h* kg Ml Hf WELLERS SINCE 1847 mm' Available at: r Bffecotts Road #01 -16 Scotts Shopping Centre Singapore 0922 Tel:
      79 words

  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 76 18 IT nv/se.LF?VuHeRe t-w i COULD IF VOU V KICK IT V ISN'T FunctionlNG WILL Me J > —v< "too coo>e, op f\k»o sort it y° Do S OUT "3 '"O'VJ IT VOdt IT < C. rfKT^r^^i ll' e ASSOCIATED WWWAMIHITO, IMMM4 feXflu-,' DOONESBURY GARRY TRUDEAU COLQN6LIF-7W£SAUB&AI HHHHHHVI JIILI W CXAN-COVTXA
      76 words


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    • 26 20 For Homo or Offico deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577,
      26 words



  • Page 23 Advertisements
    • 253 23 THANK YOU FOR YOUR SUPPORT! We at Edinburgh Financial Publishing would like to thank I all of our readers who have shown an our publication, The MeesPierson Guide to the Companies of Singapore and Malaysia. The book has been a runaway success and we would like to apologise to those
      253 words



  • Page 26 Advertisements
    • 24 26 o o o Q o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. m BusinessTimcs WWtMOWAMA
      24 words
    • 48 26 |If onjy ny boss would I "to these ads O o w^~ I r;| Any job. any Career. Available any day. Any Time, anywhere. Tw Straits Times The Sunw Times Business Times The New Paper UAHME ZUWO LIAMME W.MBAO SHIN Mm CXW.V NCW» BC»rT» HAtnAM BER.T. MINCGU JUL
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    • 70 26 >* £^>>yzy (1 TO 30 NOVEMBER '94) To celebrate our 6th Anniversary, Cafe Aladdin is offering selected local dishes at only $6.00 each for lunch and dinner daily. Fried Hokkien Mee Fried Yee Mee Cd/c Fried Noodles (Hong Kong style) Beef Noodles tft Mee Rebus Mee Siam irvr4 j For
      70 words

  • Page 27 Advertisements
    • 693 27 Nothing Beats A Bud. HicVAl -A FRESPfI .pasta! DAI LY. W From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great gelati and terrific tiramisu. All topped with Italian hospitality. Pasta Fresco Oa SoNator# Pit Ltd 30 Boot Quay. SI0I04) (Open 24
      693 words
    • 361 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; V' $12.00 (adult) r 8.00 (child)
      361 words
    • 402 27 tnouglio fcnonglia Il^nouglio T K 'Enough is enough. 35 appetisers, 20 desserts pfus main courses. 'When our guests start on the appetiser spread at our monthly international (unch buffet, they never finish. In fact, they always endup conceding that theyve had more than enough. Come try it to believe. jQI)
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  • Page 28 Miscellaneous
    • 2615 28 TODAY'S TV ■VZTITTVmTSTTSmHI 6.30 Front Runners. MB 600 Morning News (M). 7.00 Today in France. H I 7.00 CNN News (M) 7.30 Berita 12. H I 8.00 Sarapan Bercinta Dalam Mimpi, 4pm, Get Smart, 12.30pm, Ch 5 800 Cracking the Code 9.00 ABN News (M). Cl»12 Max and 99 attempt
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