The Business Times, 10 December 1994
1994-12-10
1
30
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The Business Times
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Title Section15 1994-12-10 1 Business Times Mr FA (P) 010/12/93 Weekend Edition, December 10-11 1994 WE KNOW ASIA 15'15 words
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Article, Illustration468 1994-12-10 1 Paul Leo - By Paul Leo SINGAPORE Stock markets in the region continued to tumble yesterday, with the most ominous plunge coming from Hongkong as across-the-board panic selling sent the Hang Seng Index plummeting 3.46 per cent. To varying degrees from Indonesia to Japan,Source: Bridge Info - 468 words
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371 1994-12-10 1 Loh Hui Yin - From Loh Hui Yin in BANGKOK THAI Prime Minister Chuan Leekpai last night faced the prospect of having to dissolve parliament and call a snap election as, in a new twist, the opposition formed an alliance with his371 words
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Article, Illustration276 1994-12-10 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG THE ROUT of the Hongkong market continued yesterday as the Hang Seng Index dived 279.24 points after Thursday's 200.19-point setback. The index now stands at 7,789.07, the lowest for the year. Turnover at HKS3.9 billion was heavier276 words
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Article160 1994-12-10 1 Reuter NEW YORK Stocks weakened yesterday under continued pressure from the financial crisis in California's Orange County. The Dow Jones Industrial Average fell as much as 30.62 points, before recouping some of the its loss to trade at 3,679.68, down 6.05 points, at IpmReuter - 160 words
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517 1994-12-10 1 Catherine Ong - By Catherine Ong THE JARDINE group's stake in Hongkong Land is not for sale, nor are there plans to mount a takeover bid for Cycle and Carriage, senior company officials say. "We are, as a group, a long-term investor; we believe our517 words
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663 1994-12-10 1 Ven Sreenivasan - Using contacts with foreign govt officials legitimate: party whip By Ven Sreenivasan SINGAPORE People s Action Party rules forbid Members of Parliament who are in business from using their political position to gain special concessions and privileges from the government, the663 words
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Article166 1994-12-10 1 Stock market indices Friday Chance STII 2,139.68 -37.40 KLSEComp 911.26 -14.08 Nikkei 18,978.30 -201.74 Hang Seng 7,789.07 -279.24 SET Index 1,278.50 -31.76 Jakarta Comp 454.08 -7.12 CLSA China B 954.78 -7.27 Aust All Ord 1,850.9 -24.1 FTSE 100 2,977.3 -36.5 Friday Previous lpm EST dose Dow Jones 3,679.68166 words
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Page 1 Advertisements
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Advertisement12 1994-12-10 1 Singapore investors in Australia: el i Masters of the swift, sharp deal12 words
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Advertisement15 1994-12-10 1 Life insurance: el 5 Men get short shrift No Christmas gift or hong bao, ELS15 words
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Advertisement16 1994-12-10 1 Hock Lock Siew.yw YTL s growing ahmption' Staving ahead with or without China's blessing, hi. 316 words
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Advertisement240 1994-12-10 1 4mu r As Lay Corporate Giants: el Tht Jardine powerhouse r^^ttVmaA Timeless values. tL Empire Period. iSBKr Geneva enamel. Duplex escapement movement by llbetry of London. These two exquisite watches, The Rolex Day-Date in the shape of peaches, are is appreciated for more called «For China». than J ust the240 words
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SINGAPORE NEWS
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Article, Illustration494 1994-12-10 2 Teh Hooi Ling - By Teh Hooi Ling A SUBSIDIARY of the Shen-zhen-listed Vanke Group, Tianjin Vanshine Industrial Co (TVI), is exploring property development projects in Singapore. The firm plans to list on a proposed stock exchange in Tianjin in two to three years' time. TVI general manager494 words
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206 1994-12-10 2 Case of missing remisier and wife TWO financial institutions have made separate police reports that their employees are missing from work. Sources said that a missing employee report was filed by Japanese investment house Kankaku (Singapore). The female employee, Cheryl Chee Cheng Ngan,206 words
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Article248 1994-12-10 2 SINGAPORE is expected to be home base to 22 cruise ships in 1995. up from 15 which use it now. Port of Singapore Authority executive director Rear-Admi-ral (NS) James Leo said yesterday that 46 cruise ships would have made a total of 990 calls here248 words
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Article, Illustration528 1994-12-10 2 Juliette Walker - By Juliette Walker MOM KG ROW N data vendor Invcstamatic Holdings will invest $16 million to expand in the US and Australia over the next five years, exeeutive director Elaine Yeoh said yesterday. The financial information supplier, which specialises in Asian equityPhoto by Arthur Lee - 528 words
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196 1994-12-10 2 THE Civil Aviation Authority of Singapore said yesterday it provided air-traffic control on a first-come, first-served basis without discrimination. The authority was responding to a news agency report which suggested Indonesia was taking over air-traffic control around Batam island after complaints about alleged196 words
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Page 2 Advertisements
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Advertisement124 1994-12-10 2 Be Smart That's you Check what we have to offer before V you make your decision. Especially if you're considering an Endowment Plan under the ♦Enhanced i Investment Boom or dssi\ Stocks Shares High Risk, High Return The Asia Life CPF Enhanced Investment Scheme \g Yes! I'm interested in the124 words
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Page 2 Miscellaneous
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Miscellaneous514 1994-12-10 2 I WEATHER Singapore: Showers over a few areas in the morning. (Temperature 24-32). AsiaPaaAc N/U* C*mi Emu Cm*. Buenos toes 28/17 Cloudy fucMand 21/14 Cloudy Amslodam 07,04 Cloudy Ctwago 04/5 Swwy 31/21 Cloudy Aniens 17/10 Sunny HonokAj 28/19 Ctajdy 06 6 Cloudy OOW 04,00 CKudy Houston I7A>4 Slw»»s Bonttay 33/23514 words
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THE REGION
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484 1994-12-10 3 Anthony Rowley - From Anthony Rowley in TOKYO JAPANESE authorities yesterday disclosed plans to establish a financial institution, financed partly through public funds, to rescue troubled banks. The move appears to signal growing official concern over the "fragility" of the financial system484 words
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479 1994-12-10 3 AFP NEW DELHI India's ruling Congress (I) party was yesterday heading for a miserable rout in crucial state elections, a development which was expected to politically weaken Prime Minister PV Narasimha Rao. The Congress, the country's oldest political party, wasAFP - 479 words
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NOTE BOOK
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Article86 1994-12-10 3 Knight-Ridder SEOUL In a bid to root out price manipulation in the South Korean stock market, the ministry of finance is said to have put at least six and as many as eight issues under surveillance yesterday. Market sources say the six companies beingKnight-Ridder - 86 words
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68 1994-12-10 3 AFP MELBOURNE John Elliott, former chairman of Australian agricultural and brewing giant Elders IXL, was committed .to stand trial here yesterday on charges relating to a bogus multi-mil-lion dollar foreign exchange deal. The former Liberal Party chairman was accused of being at the centre ofAFP - 68 words
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Article64 1994-12-10 3 AFP HANOI Striking textile mill workers at a South Korean-owned joint venture in Vietnam have returned to work after managers agreed to a pay rise and improved conditions, the labour newspaper Lao Dong said. Managers at the Pham Dim Vietnam textile mill also said theyAFP - 64 words
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54 1994-12-10 3 AFP WELLINGTON The government recorded an operating surplus of NZ$942 million (*****.6 million) in the first four months of the financial year to Oct 31, compared with a forecast NZ$246 million deficit, the treasury said yesterday. It said revenue and expenses were "tracking somewhatAFP - 54 words
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61 1994-12-10 3 AP BEIJING A fire swept through a cinema in north-western China where more than 1,000 primary and high school students were watching a variety show, the Guangming Daily reported. The two-sentence report said there were serious injuries and deaths. The fire occurred on ThursdayAP - 61 words
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375 1994-12-10 3 Reuter NEW DELHI Prime Minister PV Narasimha Rao said there were limits on how much foreign investment India could take, and asked domestic firms to invest more in research and skills to build competitiveness. "How much can I take from outside?Reuter - 375 words
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Article, Illustration407 1994-12-10 3 Harish Mehta - By Harish Mehta SINGAPORE Vietnam has launched an ambitious plan to set up 16 industrial zones around Ho Chi Minh City to spur the development of a southern growth triangle of Ho Chi Minh City, Bien Hoa and Vung Tau. Vietnamese officials told Business limes407 words
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Article, Illustration51 1994-12-10 3 Reutcr DHAkA In a part of town unaffected b> the strikes, a dress-as-you-like show to mark the government-sponsored lourism Month got off to a u«nkJ start yesterday. I his bo> was trying to portray a bronze statue of Buddha, with a little help from his sister.Reutcr - 51 words
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216 1994-12-10 3 JAKARTA The Indonesian government is planning to replace its investment legislation with a new hill being drafted to accommodate provisions of the (iatt accord. State Minister of Investment Sanyoto Sastrowardovo was quoted by I lie Jakarta Host as saying. Speaking at a seminar216 words
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187 1994-12-10 3 AFP SIiOUL South Korea is poised to grow 7.3 per cent in 1995 on a year-on-year basis, with domestic consumption and construction expected to be the main generators of growth, the central Bank of Korea (BOK) said yesterday. "TheAFP - 187 words
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Page 3 Advertisements
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Advertisement500 1994-12-10 3 HONC LEONG FINANCE SINGAPORE FINANCE lu c K Y~B RTw r 1 Finance and s Singapore Finance, we've w been encouraging thrift since we first opened our doors. Today, we continue a time- 0 PBBfffBHIBIHHBIIWHM honoured tradition by rewarding llSHllSlUHllttlßflflßUMH thrift as well! From November 1.1994, DltAlttlUMAUllllU to April 30,1995,500 words
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REGION/WORLD
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546 1994-12-10 4 Bloomberg Business News AFP ESSEN. Germany Europe's economy will be overtaken by Asia's by the turn of the century unless wage costs are reduced and labour practices made more flexible, European Commission president Jacques Delors told EU leaders yesterday. EuropeanBloomberg Business News; AFP - 546 words
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Article, Illustration449 1994-12-10 4 Top trade official rejects US. EU claims of inflexibility Reuter. AFP GENEVA China, brushing aside US and European objections. yesterday reaffirmed its demand to be admitted by the year-end to the World Trade Organisation (WTO) with the rights of a developingReuter.; AFP - 449 words
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381 1994-12-10 4 Reuter GENEVA World trade is expected to expand 7 per cent in 1994. doubling the growth rate of the previous year, according to Gatt economists. The substantial recovery is due mainly to increased economic activity in Japan and the European UnionReuter - 381 words
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405 1994-12-10 4 AP SEOUL A government decision to let Samsung make cars signals a major shift in its policy towards "chaebol". the huge South Korean corporate empires that make everything from chips to ships, officials and analysts said yesterday. To many, the decisionAP - 405 words
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Article1468 1994-12-10 4 City [tight ETA flight ETD_ Abu Dhabi GA976 0010 Amman RJ187 0100 Amsterdam KL838 0001 SQ25 0635 SQ324 2330 KL837 1540 KL838 2335 Auckland NZ21 1710 BA11 1350 NZ21 1735 NZ22 1825 SQ286 2035 NZ22 1850 SQ286 2040 SQ286 2040 SQ7295 2240 SQ7295 2240 SQ7295 23401,468 words
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Article, Illustration46 1994-12-10 4 Reuter KUALA LUMPUR Screen star Joan Collins was the official guest at the opening of the Legend Hotel here yesterday. Sitting with the actress, who was on her first »isit to kuala l.umpur. was former Mala>sian police chief Haniff Omar. ReuterReuter - 46 words
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390 1994-12-10 4 AP WASHINGTON The US Defence Department yesterday announced cuts and delays for several of its major weapons programmes, including the Air Force's F-22 fighter jet, the Army's Comanche helicopter and the Navy's new attack submarine. Officials said the measures would save US$7.7AP - 390 words
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Page 4 Advertisements
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Advertisement17 1994-12-10 4 PARAGON HAMPERS GIFTS PTE LTD j I I Kaki Bukii Hoad 2 #04-09 liunos Warehouse Singapore 144117 words
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Page 5 Advertisements
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Advertisement138 1994-12-10 5 you may have heard of us. We're a company called Brother. And we make a whoßfifrge. of products from sewing machines, to office typewriters to fax laser printers. From the most user-friendly to the most advanced. We've Befcyj doing it for over half a century. Naturally we're considered pretty good138 words
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THE WORLD
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417 1994-12-10 6 Reuter NEW YORK Americans should see prices on everything from fast food to new cars climb more quickly next year than in 1994. but inflation will not hit a point where it threatens to rage out of control, economists saidReuter - 417 words
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287 1994-12-10 6 Bloomberg Business News REDMOND. Washington Bill Gates, Microsoft Corp's chief executive and chairman, will not invest in the new Hollywood studio headed by director Steven Spielberg, a Microsoft spokeswoman said. Mr Gates and several Microsoft executives met the studio's officials to discussBloomberg Business News - 287 words
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Article, Illustration43 1994-12-10 6 AFP PARIS Santa Clauses scaling the facade of an apartment building in Paris' Avenue Montaigne on Thursday to bring presents to children the 'traditional' way. This event was organised by one of the many jewellers in the avenue. AFPAFP - 43 words
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304 1994-12-10 6 Reuter JOHANNESBURG South African Finance Minister Chris Liebenberg said on Thursday the government was committed to removing exchange controls but would do so with extreme caution. "If you do the right thing at the wrong time, you might as well do the wrongReuter - 304 words
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265 1994-12-10 6 AFP WASHINGTON US and Japanese officials extended talks on opening Japan's USS4.S billion (556.6 billion) flat glass market into an unscheduled third day here on Thursday. The two sides had been due to conclude the talks at the endAFP - 265 words
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290 1994-12-10 6 AFP RIYADH King Fahd has announced that public spending will be slashed by another 20 per cent in 1995 as Saudi Arabia grapples with an economic crisis triggered by a fall in oil revenues and the bill from the Gulf war. "WeAFP - 290 words
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WORLD WATCH
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Article111 1994-12-10 6 Reuter WASHINGTON US economic growth is expected to slow moderately next year after racking up its best performance in six years in 1994, according to a survey of leading private economists released yesterday. The consensus forecast of some 50 economists surveyed by Egbert's Blue ChipReuter - 111 words
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Article76 1994-12-10 6 Reuter CAIRO Israel, Egypt, Jordan and the Palestinians have agreed on details of a proposed Middle East development bank but rich countries could yet scupper the project by refusing to finance it, officials said on Thursday. The four parties, known as the "core countries" in regionalReuter - 76 words
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Article88 1994-12-10 6 AFP LONDON Britain's opposition Labour party is now 39.5 points ahead of the ailing Conservative government, breaking previous opinion poll records, according to a Gallup poll in yesterday's Telegraph. Support for Tony Blair's party has soared to 61 per cent while the Tories trailAFP - 88 words
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Article108 1994-12-10 6 AFP ROME Prime Minister Silvio Berlusconi will be questioned next week by judges investigating corruption scandals in the country's public life, Italian newspapers reported yesterday. The reports follow the highly publicised decision by leading anticorruption judge Antonio Di Pietro on Tuesday to resign from theAFP - 108 words
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Page 6 Advertisements
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Advertisement303 1994-12-10 6 MRPline An SPH AudioTex Service In English Number Horoscopes (Daily) 8450 The Sagitterius Career Finance; Win Prizes.' Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Wedding Banquet; Win Prizes! Children's Funland 8453 Sun Wukong In The World Of Darkness Face Facts 8454 Friendship Region Dreamland 8455303 words
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Advertisement261 1994-12-10 6 TOUGH CALL ForthosewhoboughtTelecom shares at $3.60, it's been a disheartening ride so far. And &Uv things can only get tougher for the model utility: Should you 5^ ALSO IN THIS ISSUE: h °»gi,£ How small can flats get? Home market sends mixed signals Frontier fund managers Oil: Can Singapore stay261 words
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COMPANIES & MARKETS
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Article, Illustration389 1994-12-10 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Compact disc maker Summit Audio Industries plans to raise $20-40 million through an initial public offer early next year. It said yesterday it had received approval from the Stock Exchange of Singapore to list on Sesdaq.389 words
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243 1994-12-10 7 Claire Leow - By Claire Leow SINGAPORE CSA Holdings is to list its Hongkong subsidiary. Automated Systems (HK) Ltd (ASL), the computer systems integration company said last night. This comes three months after CSA Holdings sold part of its Malaysian subsidiary in preparation for a243 words
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Article, Illustration410 1994-12-10 7 City aims to be financial centre for north China, says vice-mayor SINGAPORE United Overseas Bank wants to set up a branch in Tianjin, the neighbouring city to Beijing which is gunning to be the financial centre of north China. Tianjin's vice-mayor Li Hui410 words
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717 1994-12-10 7 S N Vasuki - HOCK LOCK SIEW By S N Vasuki SINGAPORE It looks like construction firm YTL Corporation Bhd has an undervalued jewel in its 60 per cent-owned YTL Power Generation, Malaysia's first independent power producer (IPP). As a matter of fact, fund managers717 words
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250 1994-12-10 7 Abdul Hadhi - By Abdul Hadhi SINGAPORE Property and health care group Parkway Holdings has teamed up with partners in England to set up a private hospital in London estimated to cost £25 million (5557.5 million). Parkway said yesterday its subsidiary Gleneagles International drew up250 words
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191 1994-12-10 7 MBI KUALA LUMPUR The issues delaying Air Asia's takeoff date, due to complications in getting government approval for the routes it wants to fly. are showing no signs of being resolved soon. Jamil Jan. president of Hicom Holdings Bhd which holdsMBI - 191 words
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EYE on your STOCKS
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Article19 1994-12-10 7 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration117 1994-12-10 7 Quak Hiang Whai - By Quak Hiang Whai DBS Land A warrant has lost half its value. But the question here is where is the base. Looking at the weekly charts, there appear to be two brakes at 90 cents and then 80 cents. But given the current overwhelming oversold indication, the117 words
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COMPANIES
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Article, Illustration326 1994-12-10 8 Ruth Wong - From Ruth Wong in KUALA LUMPUR GRANITE Industries will make timber and tourism as its core businesses when a reverse takeover gets the green light, the executive chairman of Ekran. Ting Pek Khiing. said yesterday. On Nov 16, Mr Ting326 words
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314 1994-12-10 8 David Mok - Elec Eltek tips 30% jump in 1st half turnover By David Mok SINGAPORE Printed circuit hoard maker Elec Eltek expects a 30 per cent jump in turnover for the six months to Dec 31, 1994. Elec Eltek chairman David So said yesterday that demand had been strong and that the314 words
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287 1994-12-10 8 Shiv Taneja - By Shiv Taneja SINGAPORE As a difficult year in Asian equity markets comes to a close. US investment hank Salomon Brothers has painted a brighter picture for 1995. saying regional market indices should move higher. Speaking at an international conference287 words
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160 1994-12-10 8 Bernama KUALA LUMPUR Sales of Arab-Malaysian Corporation Bhd's (Amcorp) twin-tower project, the Amcorp Tower and PJ Tower, have received encouraging response, said a company official today. Lim Thaw Chay. Amcorp's managing director, said PJ l ower, a 19-storey office block, had achieved 100 perBernama - 160 words
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COMPANY BRIEFS
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60 1994-12-10 8 Reuter LONDON Hongkong trading giant Jardine Matheson Holdings Ltd said in a statement released here it was reshuffling formal ownership of its 75 per cent stake in quoted subsidiary Jardine International Motor Holdings Ltd. Henceforth the stake will be held directly by the holding company, ratherReuter - 60 words
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Article99 1994-12-10 8 SINGAPORE Koh Brothers International (KBI) has set up a new limited subsidiary. Koh Brothers Infrastructure Overseas (KBIO). to undertake construction projects both in Singapore and overseas. The authorised share capital of KBIO is $1 million, which will be divided into one million ordinary shares. KBI99 words
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64 1994-12-10 8 SINGAPORE Bonvests Holdings has raised its shareholding in its subsidiary Henrick International Hotels Resorts (HIH) from 75 per cent to 90 per cent. This follows the acquisition of 106.554 shares at SI each by the parent from Karl Kono. Mr Kono tendered his resignation64 words
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Article49 1994-12-10 8 SINGAPORE Stamford Tyres said yesterday it has appointed Sam Chong Keen as a non-executive director of the company as of Dec 9. Mr Sam is currently also the managing director of Comfort Group Ltd, which has a 20.27 per cent equity interest in Stamford Tvres.49 words
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96 1994-12-10 8 Bernama KUALA LUMPUR Asiatic Development Bhd has entered into a joint venture agreement with Sarawak Land Consolidated and Rehabilitation Authority to establish a palm oil mill in Serian, Bahagian Samarahan. Sarawak. The 40:60 venture, which marks the company's first and strategic foray into Sarawak'sBernama - 96 words
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Article83 1994-12-10 8 IN YESTERDAY'S BT report "Tibs bond, warrant issue to fund buses", we referred to Tibs Holdings as a listed bus operator. Tibs has clarified that it is a diversified group which is also engaged in providing taxi services, workshop services and fleet maintenance as well as manufacturing,83 words
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Article524 1994-12-10 8 Manager* pricM Dec 10 12 Mcndak. Gr Fund 1.03 1 06A nrt Trust US Gr Fund Ml 0.953!S!T, T5 UOB Asset Mgt Ltd The Sitings Fund I SO 159 Umfund 1.37 1.43 S pore Prog Fund 0.57 061 Unibond 1.04 1065 S pore Sec Fund 092 0 98 United Gr524 words
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COMPANY BRIEFS
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Article, Illustration49 1994-12-10 10 AFP LOS ANGELES Revlon chairman Ronald Perelman posing with supermodels (from left) Vendela. Cindy Crawford and Claudia Schiffer at the Fire and Ice Ball on Wednesday here. Designer Giorgio Armani showcased his Spring 1995 collection at the event, which benefits the Revlon/UCLA Women's Cancer Research Programme. AFPAFP - 49 words
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Article77 1994-12-10 10 AFP TOKYO Three Japanese companies have agreed to set up a joint venture polyvinyl chloride (PVC) resin compounds factory in Indonesia with a local firm there. Riken Vinyl Industry Co Ltd, Asahi Glass Co Ltd and Marubeni Corp. and Jakarta-based PT Rodamas Co Ltd,AFP - 77 words
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41 1994-12-10 10 Reuter HONGKONG General Electric Co pic's GEC (Hongkong) Ltd has been awarded an HKSS4O million (*****.6 million) contract for a power supply system for Hongkong's new airport railway, the Mass Transit Railway Corp said. KeuterReuter - 41 words
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78 1994-12-10 10 Reuter SEOUL South Korea's Hai Tai group said it had taken a controlling stake in Inkel Corp, South Korea's largest audio equipment maker. Shin Jung Chul, president of Hai Tai Electronics, a unit of the Hai Tai group, said the group paid aboutReuter - 78 words
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46 1994-12-10 10 Reuter TOKYO Major Japanese department store chain operator Takashimaya Co Ltd said it would merge with its five regional subsidiaries on Sep 1, 1995. The five units separately operate Takashimaya department stores in Yokohama. Gifu, Sakai, Okayama and Yonago. ReuterReuter - 46 words
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Article55 1994-12-10 10 AFP TOKYO Supermarket operator Jusco Co Ltd said yesterday it planned to liquidate two subsidiaries, Isejin Jusco and Oita Jusco, resulting in an extraordinary loss of 2.2 billion yen (5532.2 million). A spokesman said the loss would have no impact on Jusco's earnings projections forAFP - 55 words
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403 1994-12-10 10 Loh Hui Yin - From Loh Hui Yin in BANGKOK STATE-OWNED Petroleum Authority of Thailand has joined hands with Thai conglomerate Charoen Pokphand to take control of a small oil company in the Philippines. Together they will hold a 70 per cent stake in403 words
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315 1994-12-10 10 Bloomberg Business News TAIPEI Taiwan's central bank said it would allow foreigners who purchase bonds sold overseas by the country's businesses to swap their debt for stock. The move offers foreign investors a way around restrictions on purchases of Taiwan equity andBloomberg Business News - 315 words
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181 1994-12-10 10 AFP MANILA Samsung Group of South Korea announced here yesterday that it would invest around USSSOO million (***** million) in the Philippines over the next five years, mainly in the shipping and construction industries. Samsung Heavy Industries President Hai Kyu LeeAFP - 181 words
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392 1994-12-10 10 Bloomberg Business News SHANGHAI In the worst price performance of a new Chinese stock this year, shares in China's Huaxin Cement Co, a cement manufacturer in the central Chinese city of Wuhan, plunged 18.4 per cent on its first day of trading. "ABloomberg Business News - 392 words
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202 1994-12-10 10 Bloomberg Business News FARMINGTON. Connecticut Carrier Corp, a maker of heating and air conditioning systems, said on Thursday it has established three joint ventures in China. Carrier, a subsidiary of Hartford, Connecticut-based United Technologies Corp, would not disclose financial details. The ventures includeBloomberg Business News - 202 words
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419 1994-12-10 11 Reuter NEW YORK AT&T Corp on Thursday began to pave the way for British Telecom to sell its US$l.7 billion (552.5 billion) stake in AT&T, ending an odd investment between the two rivals. British Telecom for several weeks has ownedReuter - 419 words
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Article, Illustration236 1994-12-10 11 Bloomberg Business News SOMERS, New York PepsiCola North America said it expects to produce at least 50 per cent more plastic bottles for its soft drinks in 1995 because of the rising cost of aluminium cans. The Somers, New Yorkbased NorthBloomberg Business News - 236 words
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539 1994-12-10 11 Reuter NEW YORK One bank is rooted in the Jewish merchant banking tradition of Europe, while the other traces its lineage to the epicentre of America's blue-blooded banking establishment. Despite their diverse roots, Morgan Stanley Group lnc and SG WarburgReuter - 539 words
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SHIPS IN PORT
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Article558 1994-12-10 10 Vend Voy No Berth total Pepartiit Vt»d Voy No Berth Vnval Ptpartiie luronc P«rt Grus 1 PCI 0912 1930 0917/2130 Balam Mum 11 alongside 1012/2300 Hamidali 25 94 PQ4 1012 0(00 11 1? 0«00 Bemetis 1989 B alongs*Ie 1012 0600 Imatrui 39 94 W 1012/0/00 1012/1300 flag558 words
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Article1924 1994-12-10 10 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From Aci Jade 2158 10/2100 IB 09 1500 09/ 1659 09 1900 2A 09 1/00 10 0659 10 WOO Aa lade 216A1,924 words
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FINANCE & COMMODITIES
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404 1994-12-10 12 AFP BASEL Financial derivatives can aggravate crises in financial markets, and central banks should counter this danger by strengthening credibility of their monetary policies, the Bank for International Settlements (BIS) said yesterday. In a preliminary report on implications of financial derivatives forAFP - 404 words
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208 1994-12-10 12 Shiv Taneja - By Shiv Taneja SINGAPORE Spain's largest bank. Banco Santander, aims to earn about 10 per cent of its worldwide profit from its Asian operations within five years and possibly seek a listing on the Stock Exchange of Singapore. The executive vice-presi-dent of Santander's208 words
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Article, Illustration328 1994-12-10 12 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE Australia's Bank of Queensland yesterday signed a deal here with 28 banks to borrow US$l75 million (***** million) from the Singapore-based Asian dollar market. The deal a three-year multi-option facility (MOF) is arranged by Overseas Union328 words
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Article, Illustration417 1994-12-10 12 DBS Bank weekly currency review US$/DM: Break of 1.5845 to end corrective phase AS EXPECTED, the US dollar went into a corrective phase at the start of the week, trading from Monday's high of 1.5793 to a low of 1.5650 on Wednesday. Buyers then returned417 words
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332 1994-12-10 12 Reuter NEW YORK Retail investors, long absent from a turbulent US Treasury market, are starting to return and are poised for a major eomeback next year, analysts said. But analysts said that for retail to mount a sustainedReuter - 332 words
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312 1994-12-10 12 ENERGY REPORT Reuter ROTTERDAM New data showing an unexpected rise in Europe's stockpile of oil products sent shivers through the oil market yesterday, knocking almost USS3 a tonne off spot gas oil prices. The Euroilstock foundation said European Union industry stocks of middleReuter - 312 words
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Article196 1994-12-10 12 Reuter LONDON The dollar was pausing after a move above 1.58 marks in early European activity, baulked by a series ot tightly-packed intra-day highs recorded since August. Technical considerations were the dominant force in the absence of fresh fundamentals. "The dollar is continuing a technical rebound againstReuter - 196 words
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Article98 1994-12-10 12 AFP NEW YORK The dollar held up against other major currencies early yesterday in quiet trading as traders take up their positions as the year draws to a close. At 1445 GMT. the dollar traded at 1.5809 marks against 1.5772 at Thursday's close. It traded at 100.30 yenAFP - 98 words
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Article, Illustration1509 1994-12-10 12 I ruJt-** ftfhltxJ imltx iak ulaltxl iitium/ S'm*r's 14 iratJimc bast- iear US$/S$ forward rates Noon Dec 9 s$ Bid OIKrr I month 1 4682 1.46*12 2-month ***** 1.4675 3-month ***** 1.4664 6-month 1.4603 1.4618 Stmnr (X IK Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am mi Dec 91,509 words
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COMMODITIES & FUTURES
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1350 1994-12-10 13 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars futures ended higher in moderate trade. Dealers said Eurodollars were up in a technical rebound. "But there is no clear direction for Eurodollars at the moment." said a dealer. He said the uncertainty was due mainly to California'sReuter - 1,350 words
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Article681 1994-12-10 13 COMMODITY REPORTS KL Tin TIN rose 12 sen to close at MS 15.25 a kg after higher London market prompted Japanese, local and European buying. Buyers made initial bids of 177 tonnes against offers of 97 tonnes. Volume settled at 117 tonnes versus681 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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123 1994-12-10 13 HONGKONG China's Yangtze River Nonferrous Metal Exchange plans to introduce new contracts in 1995 that will allow consumers to buy cargo on the spot market and to take delivery in the future, exchange sources said. While the exchange was established seven months ago as123 words
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137 1994-12-10 13 KANSAS CITY While US cotton export sales appeared scarce, that veneer is more a reflection of US merchants' propensity to keep sales to themselves than the actual export climate. Take Thursday's US export sales report, for instance. US 1994-95 sales were reported at 1.46 million137 words
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84 1994-12-10 13 MIAMI Central American coffee producers expect to have a coordinated programme to control the flow of coffee exports in place by Jan I. according to country representatives meeting here on Thursday. The meeting was held to monitor progress in the programme. Costa Rica. Guatemala. El Salvador.84 words
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Article1510 1994-12-10 13 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest jan~95 220.00 219 30 219 50 250 550 Feb 219.50 217.50 ***** 200 3375 Mar 216 50 215 50 ***** 350 2900 Apr/Jun 219.75 2181,510 words
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REGIONAL STOCK MARKETS
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Article789 1994-12-10 14 -24.1 SHARES slumped to a 16month closing low yesterday as investors reacted to a plunge on Wall Street, brokers said. The kev All Ordinaries Index slumped to 1.850.9 points, down 24.1 and its lowest close since Aug 9. 1993. Ihe All Industrials Index tell 25J to 2.693.9 and the789 words
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Article533 1994-12-10 14 -51.59 Share prices declined yesterday, weighed down by a fall on Wall Street and regional bourses. A computer breakdown on the Makati trading floor of the Philippine Stock Exchange prevented the release ot official figures on the composite index, turnover and value. Stock brokerage firms, however. said the Manila533 words
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Article545 1994-12-10 14 -12.37 Stocks dropped marginally in light trading as a result ot a credit-tightening move bv a leading margin lender, with cements and electricals hit hardest. dealers said. The 394-issue Weighted Price Index retreated 12.37 points to 6.763.01. Turnover dwindled to 1.506 billion shares worth NT560.43 billion. The credit-tightening measure545 words
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Article318 1994-12-10 14 -16.03 Share prices continued to fall back yesterday for the third straight day. amid fears over strengthening government monetary controls, brokers said. 1 he Composite Price Index fell 16.03 points to 1.037.67. with 51.69 million shares valued at 1.07 trillion won changing hands. Dccliners beat risers by 628 to318 words
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Article338 1994-12-10 14 -24.27 Shares ended a hard week on a gloomy note, with the NZSE-40 Capital Index closing at its lowest point for 16 months as the market continued to flounder in higher interest rates and a weaker Wall Street. "It's been a tough day." said a broker. "It's not338 words
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Article76 1994-12-10 14 44.76 A three-day slump was halted yesterday with the BSE 30-share Index closing 44.76 points higher at 3.970.49. The 100share National Index, however, slipped 7.54 to 1.869.95. Brokers said that buying interest picked up towards the end of the session as reports trickled in showing a good, early start76 words
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WORLD STOCK MARKETS
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Article591 1994-12-10 14 -36.5 STOCKS dropped to a nine-week low as the Dow declined for a foifrth day after Orange County filed for bankruptcy. There's speculation municipalities will be "liquidating their positions", said a trader. "That's affecting the whole world." Another concern: an opinion poll gave Britain's opposition Labour Party, seen as591 words
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Article117 1994-12-10 14 -17.10 French shares closed the day sharply lower as Wall Street opened easier. Shares had been weak all day after Wall Street's Thursday fall of nearly 50 points. Investors fear that higher short term rates in the US will stifle economic growth and put the lid on company profit117 words
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Article202 1994-12-10 14 -13.88 German stocks declined as concern over falling stock prices in the US and Japan outweighed the strength of the dollar, which was recently trading at a 13-week high of 1.5X06 marks. "We are torn between the bad news out of the US and the good news on the202 words
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Article186 1994-12-10 14 -8.64 Increasing uncertainty alter a 30-point opening fall on Wall Street after I hursday's 50-point drop pushed Belgian shares to a lower close. But traders said that the strong rally in the US bond market should stem further substantial losses and were hopeful of a recovery in the short186 words
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Article166 1994-12-10 14 -232 Italian shares tumbled steadily through the session as worries about the strength of Prime Minister Silvio Berlusoni's government and its key 1995 budget took a swipe at market sentiment, dealers said. "People were expecting the budget to be watered down in parliament, but nothing like this." a dealer166 words
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Article250 1994-12-10 14 -2.97 Dutch shares closed lower in what dealers described as painfully thin trading. But they said a fresh double figure fall on Wall Street after Thursday's 50-point sell-off had little impact. "I think people are still looking at the long term here. The outlook for corporate earnings is still250 words
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Article131 1994-12-10 14 -9.72 Swedish stocks fell for the third time this week, tracking US markets, as foreign investors shunned equities amid concern about Orange County's bankruptcy declaration and fidelity Magellan fund's decision not to pay a year-end dividend. "With New York. Orange County and Magellan we're seeing a US driven market131 words
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Article178 1994-12-10 14 -13.3 Swiss share closed slightly lower on very thin turnover. Dealers said trade nearly came to a standstill in the afternoon as investors hesitated to open new positions ahead of the weekend. The broad SPI Index closed down 5.74 points to 1.695.37. while the blue-chip SMI Index finished 13.3178 words
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Article285 1994-12-10 14 -47.3 South African shares closed well down yesterday on nervousness ahead of Wall Street opening after fhursday's fall, the soft gold price, and as players squared oft' ahead of the weekend and start of the summer holidays for many. Dealers said that there was no heavy selling and volume285 words
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Article256 1994-12-10 14 -23.69 Stocks continued on a steep slide in subdued early action despite steadier bond markets on both sides of the border. "Stocks are going down, bonds are heading up. Who can figure it out." said one dealer. He said interest rates are still troubling the equity markets despite the256 words
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Article647 1994-12-10 14 -17.83 The Dow Jones Industrial Average was down 17. X.3 points to 3.667.90 at I lam EST. The NYSE Composite Index was off 0.47 to 243.33. while Standard Poor's 500-stock Index was down 0.43 to 445.02. Declines pounded advances 1,264-594 among the 2.61 X issues crossing the NYSE647 words
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Article686 1994-12-10 14 Britannia Funds Mrfling < a*h Bid (MTtr \1lMI < -IP I #> J4 NI lA ft S M M.m l«>.>«.ill IM»t< MMMJIUXM II »«»l OMII I SS isll Iik«mik* l'lu> I t»n*J Mi«» linom l"S S k<n>r I und "<• Sliflin* Ki|M(t £uf«> IVittiimjuvi- l»4**l? 4»-WVs I JI tjM I686 words
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Article, Illustration3134 1994-12-10 15 Bloomberg Business News HONGKONG The Hang Seng Index fell below K.(KK) for the first time since October 1993. on expectations that higher interest rates and falling property prices will reduce corporate earnings growth. "We are starting to see some panie from US investors." said a dealer. The key indexBloomberg Business News; Source: Bridge Info - 3,134 words
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Article, Illustration578 1994-12-10 15 CLSA H SHARES shed 4.3 per cent on HKSB6 million turnover yesterday. Zhenhai lost another 5.1 per cent to close 21 per cent below its IPO price. Maanshan Steel was down 6 per cent. Qingling 4.1 per cent and Haixm 5.1 per cent on moderate volumes. Turnover in theCLSA - 578 words
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Article, Illustration2510 1994-12-10 15 Reuter TOKYO Stocks closed sharply lower yesterday after market sentiment was depressed by the plunge in Hongkong. The 225-share Nikkei Average ended 201.74 points lower at 18,978.30. The Topix Index ended down 14.98 at 1,506.08. The Nikkei 300 closed down 2.89 at 277.61. Turnover was 492 million. Of thatReuter; Source: Bridge Info - 2,510 words
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Article, Illustration1800 1994-12-10 15 Reuter BANGKOK Stocks closed 2.4 per cent down, recovering from an early plunge on late bargain-hunting of blue chips. The SET Index closed 31.76 points lower at 1.278.50 after falling as low as 1.263.20 at the open in a violent reaction to political troubles and a big overnight fallReuter; Source: Bridge Info - 1,800 words
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Article, Illustration1141 1994-12-10 15 Reuter JAKARTA Share prices plummeted at the close in slow trade, weighed down by regional factors and a slide in blue-chip Indosat. brokers said. "The market found some breathing room in the afternoon after a nervous morning following early tumbles in Hongkong and Singapore." one broker said. Indosat plungedReuter; Source: Bridge Info - 1,141 words
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Article2438 1994-12-10 16 (>r <»r 1444 I asi ikl l)a) I asi <>.><< Ui INi Md Net M( «p High l ow .mipani Sale >/- |UUO) lli*h Low Hu\<r Seller S C"»r S P'fc vnil MALAYSIAN STOCKS '48 IN) m MSB MK 251 ed 14 137 251 2J5 250 252 »02,438 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6887 1994-12-10 16 Bloomberg Business News KUALA LUMPUR Stocks fell to a 14-month low as foreign fund managers tried to sell shares on concerns about rising global interest rates and Malaysia's political stability, brokers said. The Composite Index fell 14.08 points to 911.26. That's its lowestBloomberg Business News; Source: Bridge Info - 6,887 words
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STOCK EXCHANGE OF SINGAPORE
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Article8067 1994-12-10 17 MAIN BOARD Gr tit M IW4 Ijsi Vol !>■> IjinI (J«ao4r l>i» Di» N*f < f W High low umpn«> Nair I'OWl Hifli low B«>rr Seller C»f P'K V«mI Price INDUSTRIAL AND COMMERCIAL 72l»* 417 5* ml Vma Xk 412 16 254 442 4W 4M 442 8 8 4 78,067 words
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Article, Illustration1964 1994-12-10 18 Paul Leo - By Paul Leo SINGAPORL Redemption of foreign funds pushed the loeal stoek market lower for the fifth eonseeutive day. The Straits Times Industrials Index dropped 61.35 points in the first hour of trading to 2,078.33 before recovering to end the day at 2.102.28Charts by Bridge Info; Source: Bloomberg - 1,964 words
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Page 7 Advertisements
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Advertisement416 1994-12-10 7 NEWS VALUE Hongkong leads plunge in regional markets (pg I) Technical rebound expected. But don't get caught on the next sell-down. Chuan may have to dissolve parliament as former ally loins hands with opposition (pg I) Political fallout on the stock market will be limited. Jardine: We're not selling stake416 words
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Page 8 Advertisements
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Advertisement708 1994-12-10 8 Celebrate life with Cognac Otard this —Quality Prizes Quality Cognac festive season. And stand a chance to win f| BXI st prizes quality prizes in the lucky draw promotion. 6 day package tour for Whether you are buying Cognac Otard return ticket to for yourself, or as a gift hamper,708 words
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Page 9 Advertisements
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Advertisement43 1994-12-10 9 In ancient fyU Marco Polo navigated many leagues to discover an emperor's court rich in spices, silks, gold and precious stones. Today, spices, silks, gold and precious stones are shipped from port to port CjWSS'wtt'r*Tt with a mere flick of a page. JillllCo43 words
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Page 11 Advertisements
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Advertisement383 1994-12-10 11 Wor|dl y W i s e "Your main priority will be to acquire the finest education possible." When you consider James Cook University in Australia as a place to maximise relaxeJ and triendly. We are very close to the Great Barrier Reef. We enjoy the your potential in marine science,383 words
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Advertisement77 1994-12-10 13 Financial News A Quick Look At The I I Markets! Call 24 hours a day for I I SES KLSE I reports, I I market reports Cost: 30 cents a minute Organised by: ||^pili]jj}o An SPH AudioTex Servicc Cant keep your house If you are having problems with clogged pipes,77 words
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Advertisement40 1994-12-10 13 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. 7 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Si Markets. Everyday.40 words
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Page 14 Advertisements
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Advertisement57 1994-12-10 15 Call 1800 235-4567 now for more Teleview Ljadnwrki Bbd information. Or visit our Customer w..« ueo Low 2.31 High 3.54 OA Services Centre at Comcentre, AT Exeter Road. 3 00 2.60 MN VA 2.20 600 0 T V iew '"""I „.i Ji-j wj- ti .jl Singapore A s N D57 words
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Page 16 Advertisements
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Advertisement61 1994-12-10 16 Call 1800 235-4567 now for more Teleview f Landmarks Bhd information. Or visit our Customer we<i m»o 4 S Low 2.31 High 3.54 OA Services Centre at Comcentre, 3 AT Exeter Road. 3 00 |g 2.60 v, < VA 2.20 VOL v !ew 300 ~-L „j- 'J. J iii j.61 words
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Page 17 Advertisements
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Advertisement117 1994-12-10 17 >«or» nteirwtnr P—— tat |I]| *S> J J§£ «•<*> m ,i l «te» ■■mmp' GV4O9M VCR (PAJVMESECAM P 37-640 (14* Teletext) *£JT V^^^^^BBBWB^i^P NTSC playback on PAL TV) fjtt P 37-050 V ST 70-655/8 Teletext (28* Nicam Stereo) iPHHT E-72-911 TOP (29* Ntcam Stereo) |V> y> ~~y MB2-795/9 PIP TOP117 words
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Page 18 Advertisements
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Advertisement24 1994-12-10 18 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. SINCAPORK r U Business Times WEKNUWASU24 words
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Advertisement331 1994-12-10 18 NOTICES MAQNTUDE SERVICES PTE LTD (In Voluntary Liquidation) NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY OIVEN thai pursuant lo Section 295(1) of the Companies Ad, a meeting ol the creditors ol the abovenamed company toil be held al 102 Upper Crosa Street. 908 07 OG Building, Singapore 010S on331 words
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Advertisement537 1994-12-10 18 THE COMPANIES ACT, CAP. M MEDICAL INSTRUMENTS TRADING PTE LTD (In Members' Voluntary Liquidation) AT an Extraordinary General Meeting of the Company held at 1 Colombo Court •0011 Singapore 0617, on Ihe Bth December 1994 the toaowmg Special Resolutions were duly passed RESOLVED e)That the Company be wound-up volunlanly pursuant537 words
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Advertisement339 1994-12-10 18 M THE MATTER OF THE COMPANIES ACT, CAP. SO AND W THE MATTER Of TTA FREIGHT PTE LTD On Mmtxra' Vokintoy WMng4lp) NOTICE IS HEREBY GIVEN, that the creditors ol the above named Company which is being voluntarily wound-up. are required on or More, 9th day ol January 1995,10 send339 words
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Executive Lifestyle
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Article, Illustration1472 1994-12-10 19 Penny Smith - Singapore investors have been buying up chunks of commercial property Down Under. Penny Smith finds out how their way of doing business is being rated by Australian market observers Penny Smith I he writer is a freelance journalist w ho contributed this article to1,472 words
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STRAWS IN THE WIND
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Article37 1994-12-10 19 TALK about a cut-throat business. Seen on a sign outside a barber shop in Bombay: "Haircutter and clean shaver. Gentlemen's throats cut with very sharp razors with great care and skill. No irritating feeling afterwards."37 words
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Article46 1994-12-10 19 SPEAKING of signs, check out the one outside the Popular bookstore in Toa Payoh: "No eating/drinking, no smoking, no pets, no urinating". We hope they were just referring to the pets. Funny, though, that there's no warning against loitering and reading magazines for free.46 words
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Article35 1994-12-10 19 ON A BUS travelling along Jalan Besar one afternoon, a handphone rings. A passenger takes his phone out of his pocket: "Hello, you want to speak to Mrs Tan? Sorry, she's not in."35 words
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Article64 1994-12-10 19 THE Reader's Digest sent out a letter to one Mr X, informing him that he was part of a selective "master list" which made him eligible for the magazine's Super Grand Prize. According to the letter, out of every 100 people, only five are chosen by computer.64 words
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OPINIONS
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Article, Illustration862 1994-12-10 20 JOHN HELMER - LETTER_FRQM MOSCOW A missing car mysteriously reappears two hours later. Twelve months later, its owner is arrested for car theft. It's all very suspicious. JOHN HELMER The writer is BT's Moscow correspondent MOSCOW police estimate that about 120 cars are reported stolen every862 words
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776 1994-12-10 20 Neville Stack - Neville Stack on why the festivities of the non-Christian faiths ought to be shared Neville Stack The writer is a political commentator based in London. He writes regularly for BT. AS THE cash tills ring out their merry peal in honour of776 words
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Article, Illustration933 1994-12-10 20 Edward Mortimer - With the end of the Cold War, the defence alliance is deprived of an enemy, says Edward Mortimer Edward Mortimer FT NATO is in trouble. It is divided over Bosnia, but that is not the reason. If there had not been Bosnia, there wouldFT - 933 words
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CORPORATE PROFILE
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Article, Illustration1708 1994-12-10 21 Catherine Ong - Asia's corporate giants A fortnightly series Jardines' philosophy has always been to be the first and best in all it does. So although the British flag is about to go down in Hongkong, the colony's top hong intends to stay ahead with or without China's blessing. Catherine1,708 words
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Article753 1994-12-10 21 HONGKONG Land, where the bulk of the Jardine empire's fixed assets reside, may be the jewel in the crown. But Jardine Pacific, a conglomerate in its own right, is where the gold is minted. Indeed, observers joke that if not for his long hair, Jardine Pacific753 words
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Article497 1994-12-10 21 THE JARDINE group says it is going to expand into South-east Asia. But it has been saying that for the last 15 years, John Godfray, analyst at Kleinwort Benson Securities (Asia), points out. "Why do they think they are going to do something terrific now when497 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration55 1994-12-10 22 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, G K Goh, Morgan Grenfell, Nomura Research Institute, Ong Co, Peregrine Securities, Phillip Securities, SBS HG Asia, S G Warburg, Smith New Court and W I Carr.55 words
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Article439 1994-12-10 22 Zalik Securities (Dec 9) Carlsberg. Company's FY94 forecast of MS4SO million (SS2SB million) turnover is conservative as interim turnover was MS24B million and it usually reports better second-half sales. Our forecast of MSSIS million is achievable. EPS is forecast at 56.8 sen for FY94 and 60.9 sen for FY9S.439 words
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Article63 1994-12-10 22 Zalik Securities (Dec 7) Malaysian Airline System. Outstanding results with EPS at 13.9 sen for half-year to Sep 30 against 0.4 sen previously. Note: The broking firms, their directors and officers, and their related companies may have an interest from time to time in the securities discussed above. Their63 words
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Article83 1994-12-10 22 Mon, Dec 12. Singapore: Offer for shares in ITE Electric Co closes. Malaysia: Offer for shares in ACP Industries Bhd closes. Tue, Dec 13. US: Nov producer price index and retail sales. Wed, Dec 14. Singapore: Start of "when issued" trading in ITE shares. Hongkong: Government to auction83 words
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Article, Illustration342 1994-12-10 22 Daniel Lian - Daniel Lian Regional economist (South South-east Asia) Nat West Markets he Singapore dolI lar has appreciated .1. by some 26 per cent against the US unit since 1987. It has appreciated by some 9 per cent from 1.6080 to 1.4630 so Tar this year. Robust external accounts342 words
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Article, Illustration904 1994-12-10 22 Joyce Quek - THE WEEK By Joyce Quek Prospects, prospects there are plenty of chances for stock-prospect-ing as prices on the nervous Singapore-Malaysia bourses tumble. After the STI Index and KLSE Composite Index fell to seven-month and 14-month lows respectively yesterday, companies like QAF, Parkway Holdings and Inno-Pacific904 words
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Article, Illustration810 1994-12-10 22 Claire Leow - By Claire Leow THE "hammering" received by the market this week does not bode well for the planned initial public offer by Oakwell Engineering or any IPO for that matter research analysts say. "You throw any IPO out now even if it is810 words
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690 1994-12-10 22 Shiv Taneja - Shiv Taneja tells you why you should think twice before redeeming your higher priced unit trust for a cheaper one that's just been launched Shiv Taneja HAVING invested in a unit trust which has risen 50 per cent to, say, $1.50, would you690 words
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Article, Illustration772 1994-12-10 23 Soh Tiang Keng - When it comes to life insurance, the men get short shrift, reports Soh Tiang Keng Soh Tiang Keng SEX DISCRIMINATION is often synonymous with women getting a raw deal. But, when it comes to life insurance, the men get short shrift instead. A BT check772 words
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Article323 1994-12-10 23 NTUC Income's Lady Policy for young women from ages 10 to 24 pays cash upon marriage and childbirth, and provides benefits on maturity or upon confirmed diagnosis of cancer. For a sum assured of $10,000, she gets an advance of $2,000 just before marriage. and Sl,OOO each323 words
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Article, Illustration805 1994-12-10 23 Lim Soon Neo - Eye on the region But the long-term investor should consider property and banking stocks, reports Lim Soon Neo Lim Soon Neo CHRISTMAS is round the corner but it is not going to be a season for a killing on the stockSource: Bridge Info - 805 words
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Article, Illustration719 1994-12-10 23 Elaine Koh - Elaine Koh finds out why Malaysian timber stocks offer buying opportunities Elaine Koh AFTER a fevered play last year, investors have been increasingly cool towards Malaysian timber stocks. This resulted in lower PEs for the sector and a number of "buys", according to HG Asia719 words
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Article, Illustration405 1994-12-10 23 INDONESIA appears to be headed for growth of more than 7 percent in 1994-95. Non-oil gross domestic product growth is expected to be above 8 per cent, comparable to rates in Malaysia and Thailand. This would be the strongest growth since Indonesia completed405 words
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Article, Illustration635 1994-12-10 24 JAIME EE - Cinema Review By JAIME EE ET'S get one thing straight: don't mess round with Santa Claus. The guy is fat. hite and wears a red suit. He drives ;indeer. Leave it at that. It's bad enough lat he's a figment of the festive imagiation. Why do635 words
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Article, Illustration993 1994-12-10 24 Loh Hui Yin - Tired of the commercialism of tourist resorts and longing for a holiday with a difference? Loh Hui Yin knows just the place in Thailand's north-east for visitors keen to sample the rural life Loh Hui Yin ROWS of neatly-planted spinaeh. eabbage and other leafy greenPhotos by Chris Loh - 993 words
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Article, Illustration693 1994-12-10 24 SHAHIRON SAHARI - CD Review By SHAHIRON SAHARI CHRISTMAS is hardly the time, if you're entertaining at home, to alienate friends and relatives simply because they think your choice of music doesn't come up to scratch. Given the choice, you'd probably buy the latest Christmas CD by693 words
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SPORTS
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539 1994-12-10 26 Grand Slam Cup Reuter, AFP MUNICH Pete Sampras dispatched fellow American Michael Chang 6-4, 6-3 to line up a semi-final clash with Goran Ivanisevic of Croatia, while Sweden's Magnus Larsson pulled otY his second sensation of the US$6 million GrandReuter,; AFP - 539 words
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Article, Illustration647 1994-12-10 26 All Jets receiver needs to do is to catch a pass in his 178 th game AFP NEW YORK Art Monk. American football's all-time leading receiver, should pull down another record here today by catching a pass in his 178 th consecutive game.AFP - 647 words
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519 1994-12-10 26 AP LAUSANNE, Switzerland Two British journalists were convicted on Thursday of libelling lOC president Juan Antonio Samaranch and were given a five-day suspended jail sentence. The sentence on Vyv Simson and Andrew Jennings, who refused to attend the criminal proceedings, was suspendedAP - 519 words
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SPORT SHORTS
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Article, Illustration117 1994-12-10 26 Reuter SYDNEY Australia's first attempt to stage a world-class international indoor scries collapsed yesterday when organisers, sponsors and athletes agreed to abandon the event because of financial problems. The Daewoo Indoor series had opened in Brisbane on Tuesday night before only 2.000 people, and was to have held meetsReuter - 117 words
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Article, Illustration256 1994-12-10 26 AFP AFP CHICAGO Former basketball star Miehael Jordan says he would not cross picket lines to fulfil his new dream of playing major league baseball. Jordan has been a major attraction on minor-league teams the past year in the south-eastern US and the Arizona Fall League and his presenceAFP - 256 words
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Article, Illustration135 1994-12-10 26 Reuter SYDNEY Seam bowler Joey Benjamin has eontracted chickenpox. England team manager Keith Fletcher told Reuters yesterday. Benjamin. 33. became the second England player, following last bowler Devon Malcolm, to contract the virus when he broke out in spots after complaining of headaches over the past two days. TheReuter - 135 words
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Article, Illustration122 1994-12-10 26 Reuter PON 111 VEDRA BEACH, Florida Nick Price claimed another honour in a season of triumphs on Thursdav when he was named PGA Tour Player of the Year for the second year in a row by a vote of his fellow competitors on the US Tour. Price won fiveReuter; Photos by Arthur Lee - 122 words
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Article, Illustration32 1994-12-10 26 NEW YORK NBA on Ihurv da>: New Jersey 106 Phoenix 133; Sacramento 103 Seattle 91; Houston 101 Charlotte 95; Dallas 121 Washington 124 (OT); San Antonio 114 Utah 117 (2ND OT).32 words
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Article, Illustration174 1994-12-10 26 AFP LONDON England manager Jack Rowell is looking for dominant displays from E>ean Richards and Kyran Bracken after their recall for today's Test against Canada at Twickenham. No 8 Richards earns his 38th cap and Bracken is back at scrum half for his fourth appearance at the expense ofAFP - 174 words
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Article, Illustration31 1994-12-10 26 MUNICH US$6 million (SSB.B million) Compaq Grand Slam Cup q-finals on Thursday: Goran Ivanisevic (Cro) b Boris Bccker (Ger) 6-4 6-1; Pete Sampras (US) b Michael Chang (US) 6-4 6-3.31 words
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PEOPLE
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Article, Illustration199 1994-12-10 26 ONE thousand guests at a dinner held by the SCCCI to celebrate its 88th anniversary recently pledged 5550.000 for charity. The money raised will go to a fund for the restoration of the Sun Yat Sen villa which was gazetted as a National Monument in August this199 words
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TIME OFF
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Article, Illustration575 1994-12-10 27 Shahiron Sahari - Shahiron Sahari catches up with Japanese group Casiopea and Malaysian entertainer Zainal Abidin Shahiron Sahari Aficionados of the ai-most-defunct form of music known as jazz-fu-sion in the late-70s-early 80s would have a special place in their hearts for the Japanese band, Casiopea. Along with Iceland's Mezzotorte575 words
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Article, Illustration529 1994-12-10 27 I T IS just as well that Malaysian musician Zainal Abidin took as long as he did to release his latest album, for the result has been well worth the wait. After the success of his first album. Zainal Abidin, which included the phenomenal hit Hijau529 words
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Article386 1994-12-10 27 Aladdin This musical adaptation of the familiar tale about the wealth-impaired youth who finds his wishes coming true when he releases a genie from a lamp comes to our shores. Until Dec 11. Bpm at the Kallang Theatre: with matinee .shows at 3pm. Tickets at $40. $60. $80 and386 words
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Article146 1994-12-10 27 Sistic outlets are at Forum The Shopping Mall. Ginra Plaza, Junction X, Liang Court. Raffles City. 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 Metro stores. IVisma Atria.146 words
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Article, Illustration337 1994-12-10 27 The Messiah The Singapore Symphony Orchestra and the Singapore Symphony Chorus perform Handel's most famous choral work. Featuring Sharon FleetwoodLaw, Emma Sclway, Mark le Broco and Jonathan May on vocals. Today. 8.15 at the Victoria Concert I tail. Tickets at $4. 57. $10. $15 an J $25 available from337 words
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Article, Illustration756 1994-12-10 27 The Art of Louis In this case, its Louis Raemaekers. the painter and sculptor whose specialty is in caricaturistic drawings. A hundred original prints will be on display. Until Dec 11. II am to 7 pm Ironi Tuesday to Saturday. to 5 30 pin on Sundays: at the Xancy756 words
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Article367 1994-12-10 27 Celebrity Teddy Bear Auction Famous sports and entertainment personalities like Graee Young. Andy Lau. Gurmit Singh. Zoe Tay. Fandi Ahmad and Dick Lee will be donating their teddy bears for this auction. Proceeds will go to the Children's Society. Today. 3 pm at ilie .4/V.4 Hotel. Reservations. call 338-2774.367 words
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Article53 1994-12-10 27 la mer A "visual theatrical montage" of films from both Eastern and Western hemispheres compiled into a dance-drama. Until Dec 11.8 pm at the Guinness Theatre. Tickets at $12. Steps After 11... Elena Yeo will give a reading on the poetrv of Blair Cooper. Until Dec 11.53 words
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Article278 1994-12-10 27 Omnimax Movies Search for the Great Sharks Man's negative perception of sharks has made the creature a thing to be feared and avoided much like rabid dogs. This movie hopes to help us understand and see how these great creatures of the sea have to survive in a world278 words
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Article128 1994-12-10 27 Workshop in Playwriting K S Vianiam conducts this workshop that looks at the basic elements of a play and how to go about writing one. Today and tomorrow, at the Black Box. Fort Canning Centre. Call Leslie (338-4077) for queries. Major Kilns of the Song Dynasty Senior lecturer and128 words
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EPICURE
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Article, Illustration734 1994-12-10 28 SUSAN TSANG - Bon Appetit By SUSAN TSANG DINNER at Latour promised to combine two of the best French achievements for tickling the palate champagne and food. Chef Bernard Dance, head chef of Moet Chandon's Chateau Saran, would create his gastronomical masterpieces, which would be complemented by fine champagnes and wines.734 words
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Article664 1994-12-10 28 N K YONG - Wine By N K YONG BOOKS Towards the end of the year there is always a spate of new books and new editions of old war-horses that make ideal gifts. Some of these may seem repetitive but there is always merit in different perspectives of the664 words
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Article, Illustration1029 1994-12-10 30 Amantes. Spanish tale. A discharged soldier lodges with a steamy widow. The inevitable happens. His fiancee discovers the affair. R(A). President: I lam Andre. A girl and her father adopt a baby seal and learn to adapt. Based on a true story. Lido: 5.15. midnight. Changi: 5.30. midnight. Jade.1,029 words
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Advertisement179 1994-12-10 19 IB I DDQO-EEG BBEC HONO LEONQ FMANCE k QQQQ-BE3D mm FINANCE **tm» mmm ,J Kg*»> a. .J > *> VI JHJT ~-gB B «Z2^^HHB»tWa W* «£/2 £bfe M r r :zzfKE~ v r I H I Imp JjMpkhb. JjS j I l 1r« 11 rr» T M rjJvr >.iUSP»Wi <"'179 words
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Advertisement43 1994-12-10 20 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OasaFilfNE^ BttWratCTEWyXgnnTFTlEffil CAXfJ An SPH Audl o T x Strvlti I 143 words
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Advertisement112 1994-12-10 20 C®ME M THE GRAND Enjoy a hassle-free Sunday buffet brunch at Ristorante Bologna. We provide free parking and baby-j it ting service*) -»to what's to stop you from feasting on our endless spread of Italian favourites, including prawns and oysters, our famous antipasto range, sweet and savoury crepes and a112 words
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Page 20 Miscellaneous
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Miscellaneous28 1994-12-10 20 POONESBURY GARRY TRUDEAU MR l'kl HOPfMKA }f^XX&}*l I arm* Ml mog*aph H all bars uu thai,»»■ I S Bristow has been held over owing to pressure on space28 words
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Advertisement162 1994-12-10 24 P'vll I iia I I ■p|F' We could have brought the city even closer. But, somehow, that would have been like mixing caviar with chilli crab. ,4-', vJ.' t MJFORT Ho B The Beaufort SINGAPORE Bukit Man is R««ad Sentota Sinfjpofc 0409 Tel <6S) 275 0111 Fj* 27S 022H For162 words
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Advertisement291 1994-12-10 25 BUSINESS TIMES Score with tlie pros at the jjttJßß Johnnie Walker Classic- H LSrl^^^^H UyHWHI -w»«— A B H i s^Pi^s^Ns?-'.- g l==EsajKaaanß If you can tell us the exact 3 TOP PRIZES EHBH p o^o^ 8 i th e three pictures, you Single return-ticket (Business Class) to Manila, Philippines291 words
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Page 26 Advertisements
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Advertisement105 1994-12-10 26 JlgmS&Zi s WmBKmBF; Abl« *lwr<>~lP*«L»dlM^> l .mrSqu J r*«)2tOl E»fK.CjlrwayTH Z72HM2 CMIm WatcfcCmln I* Mm atKaMnClty 9*910. /*yj b VLi**yrUnT«l —■.».»um.ii/ilir^«.» l M ZM25* )«w«ll«Ty lnd«»tri**<S) Ft* Ltd 44 Aleundr* Terrarc |IS Bldg (Off r*»ir |A,7Ar L r«n»*r<K M» Trf *****1W Roy Extern Wjtcli P»« ltd WI-74 Loiky rtau TH105 words
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Page 28 Advertisements
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Advertisement209 1994-12-10 28 0 I ten s I St;-7, L-l^X (,l AUDI AN OK (iRKAT IMAOKS IVtrus l l »M latour prices listed are ill IVtrus l l »W> SII--I la tour I )olliirs |)lT hot tie: IVtms ITS S 1031 I atour i c I ~r s s I atour I l209 words
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Advertisement333 1994-12-10 28 Refrigerated Wine Cellar .J j Your perfect answer to wine storage in the tropics M<xlel 999 Capacity up to 144 bottles Price: 552,525.00 (inclusive of delivery set up in S'pore 12 months warranty Available ex-stock from the Sole Agent: bonTable BONTABLF. AGENCIES (S) PTE LTD #0.V05 Sin Cheong Huikling 47333 words
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Page 29 Advertisements
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Advertisement1560 1994-12-10 29 MntHiiritf A Bllri. BHffilfl WHERE T0 WINE DINE and entertain or H K«i.T»" r I H B—J r.rt.^-—. JJ p« Wl V- *">" s I q I I I .OHLEVt.O MOTM-. I HIGH TEA fashion There's more for you to sink your teeth into now at our High Tea! Enjoy1,560 words
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Page 30 Miscellaneous
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Miscellaneous2436 1994-12-10 30 TODAY'S TV ■BH 800 Great Wonders The Sitter. Bpm, Ch 5 Flo* On Spain. 6pm. Ch 12 JNJ* M s a t.M MajalahWjorta. A familv thinks they've found Keith Floyd tinds that paella gjo Adventures, Exploits and JJ-00 asa the ideal baby-sitter, but she isn't as simple as we thought2,436 words
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