The Business Times, 31 December 1994
1994-12-31
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The Business Times
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Title Section15 1994-12-31 1 Business Times MITA(P) 194/12/94 Weekend Edition, December 31 1994-January 1 1995 Wi: KNOW ASIA 75*15 words
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607 1994-12-31 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The market capitalisation of the Singapore bourse fell by about $8 billion or 4 per cent to $205.46 billion this year in spite of 32 new companies coming on board, a survey by Business Times shows.607 words
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427 1994-12-31 1 R Sivanithy - By R Sivanithy SINGAPORE The region's stock markets ended the year in no mood to celebrate, in stark contrast to this time last year when the Malaysian and Hongkong markets set new records. In Singapore, activity sank to its lowest point this year427 words
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425 1994-12-31 1 Abdul Hadhi - By Abdul Hadhi SINGAPORE Engineering company Van Der Horst (VDH) has lifted its annual net profit by more than eight times from $3.8 million to $32.9 million, helped by the sale of two power barges to the Philippines. Announcing its425 words
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Article, Illustration306 1994-12-31 1 Michelle Low - By Michelle Low SINGAPORE Former Yeo Hiap Seng chief Alan Yeo is stepping down as chairman of the Trade Development Board after 10 years. Taking his place is former TDB board member Stephen Lee, who is managing director306 words
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156 1994-12-31 1 AP, Reuter WASHINGTON The US Trade Representative's office said it would issue a statement today on the US dispute with China over copyright and patent piracy, but would not say if it would include steps toward trade sanctions. Today isAP,; Reuter - 156 words
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2am LATEST
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Article119 1994-12-31 1 Reuter NEW YORK US stocks yesterday continued to trade higher at midday on a stock market abandoned by most traders and investors ahead of the extended New Year weekend. The market's strength was concentrated in large cap stocks. Most US Treasuries slumped, with the longReuter - 119 words
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78 1994-12-31 1 AFP HONGKONG China intends to tighten up auditing of foreign-funded enterprises, a senior official said yesterday. The Chinese government will begin auditing 40 foreignfunded enterprises in pilot tests next year, State Councillor Li Guixian said in a dispatch by the official XinhuaAFP - 78 words
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Article166 1994-12-31 1 Stock Hisrket indices Friday Change STII 2,239.56 -3.46 KLSEComp 971.21 +4.07 Nikkei 19,723.06 -29.92 Hang Seng 8,191.04 -4.98 SET Index 1,360.09 +7.20 Jakarta Comp closed CLSA China B 918.94 +15.69 Aust All Ord 1,912.7 -20.1 FTSE 100 3,065.5 -0.1 Friday Previous lpm EST close Dow Jones _..3,847.22 3,833.43166 words
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Page 1 Advertisements
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Advertisement54 1994-12-31 1 tBT Turkey Awards 1994: Honouring the less-than-remembered BTs ranking of Singapore companies by market capitalisation, Pg 7 China's economic growth slows to 11.8%, but inflation soars, Pg 3 There will be no BT on Monday. Publication will resume on Tuesday. Business/T, which normally comes with your Monday paper, will also54 words
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Advertisement19 1994-12-31 1 TDB sees 1994 trade value reaching $300b, Pg 2 Paperless I radeNet to save $2b a year, Pg 219 words
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Advertisement16 1994-12-31 1 Hock Lock Siew: pg s ACPI share offer a good bdty 1994: A Dow-n market, EL4-516 words
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Advertisement180 1994-12-31 1 Stocks: EL 4, 5 A roller-coaster year for investors r I Jy Y L rl 111 8 IT *****1******2 mm m ::::w*>ST i\ m a.. i i i i i i t mBL i I»I ii ii M i M ~A\l Ml S |m\ II K M Srlf-winclintf "MARINE" vikli.180 words
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Advertisement44 1994-12-31 1 Spore News 2 SpotSSb* 6 Regional News 3,4 FmMCi* A 9 Wort) News 4 Features Mariute Turkey Awrts a 2 Ctob/KLSE. StS .14-16 No* Q 3 Repocrt 10-11 Sports a 3 Wort! 10 Epicure a 6 Current** 8 TV 'Radw a 8 Smei/Commo 944 words
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SINGAPORE NEWS
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Article, Illustration576 1994-12-31 2 Michelle Low - Reports by Michelle Low SINGAPORE'S trade with the rest of the world should grow by a healthy 17 per cent to more than $300 billion for 1994, the Trade Development Board said yesterday. The strong growth, however, is forecast to moderate next year576 words
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Article, Illustration243 1994-12-31 2 PAP Members of Parliament who joined the corporate world still continued to help improve the lot of lower-income Singaporeans. MP Ong Chit Chung said last night. "The media should play this thing right," the MP for Bukit Batok said at the243 words
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206 1994-12-31 2 COME next year, paperless trade documentation will move further down the information highway as the Trade Development Board switches gears to boost efficiency. To improve its existing Trade Net system, TDB will start implementing Interactive Trade Net in phases next year. Outward206 words
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248 1994-12-31 2 THE Public Utilities Board is likely to spend an initial $40$50 million extending part of its power-failure prevention system to smaller cables. The board's deputy chief executive for finance and administration. Choy Hon Tim. said yesterday the high-tech system was248 words
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384 1994-12-31 2 Juliette Walker - By Juliette Walker MITSUBISHI Electronics Manufacturing (MEMS) laid off 250 workers yesterday when it closed its Bukit Timah manufacturing operations. Casualties at the car audio and colour television chassis plant were roughly double those announced in October, when MEMS said it had decided to384 words
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465 1994-12-31 2 A J Leow - By A J Leow THE FIRST batch of applicants for public housing under the recently introduced Registration for Flats System (RFS) will be invited to select their flats from Jan 18. The Housing and Development Board said yesterday that465 words
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207 1994-12-31 2 AN AMENDMENT to the Singapore-Denmark double tax treaty, ratified yesterday, aims to ease the bilateral flow of personnel and expertise. The protocol, signed on May 17, should simplify taxes for Singaporean and Danish firms that send employees for temporary service207 words
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Page 2 Advertisements
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Advertisement279 1994-12-31 2 ■FBline An SPH AudioTex Service In English Number Horoscopes (Daily) 8450 The Capricorn Career Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Mummy Is Alive.'; Win Prizes! Children's Funland 8453 Sun Wukong: Horse Protector Face Facts 8454 Joan Collins Dreamland 8455 Fandi Ahmad279 words
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Page 2 Miscellaneous
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Miscellaneous443 1994-12-31 2 Sfofpore: Occasional showers over many areas from late morning. Temperature (24-30' C). JUia-PacMc Hi/la* Caatf. Imp! Hi/La' CmhL Buenos AM* 31/20 Shower AucMvd 22/18 Shower Amsterdam 07,03 Cloudy Chicago -4/-14 Snow BwiOiofc 32/20 T Storm Athens 13,05 Cloudy Honolulu 26/18 CXxOy qmm 04,-8 rStorm Benm 03/-2 Cloudi. Houston 19/18 Cloudy443 words
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THE REGION
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474 1994-12-31 3 Schutz Lee - By Schutz Lee SINGAPORE China's economic growth slowed to 11.8 per cent in 1994 but adjustment problems in areas such as the food sector pushed consumer prices up by as much as 21.7 per cent for the year. The State Statistical474 words
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237 1994-12-31 3 Ruth Wong - From Ruth Wong in KUALA LUMPUR BRITAIN'S Chancellor of the Exchequer, Kenneth Clarke, begins a six-day official visit to Malaysia today, the second by a British minister since Malaysia lifted its ban on awarding state contracts to British firms in September. British Secretary of State237 words
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271 1994-12-31 3 Reuter, AP BEIJING China has signed two trade agreements worth US$5O million (Ss73 million) with Myanmar for the supply of bridge and railway equipment to Yangon, the Xinhua news agency reported yesterday. A venture operated by the China RoadReuter,; AP - 271 words
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257 1994-12-31 3 AFP HANOI Japanese financial conglomerate Nomura has been licensed to build a US$l2O million (S$ 175 million) industrial zone in Haiphong aimed at drawing Japanese manufacturing plants to the northern Vietnamese port, according to newspaper reports here yesterday. The industrial park theAFP - 257 words
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394 1994-12-31 3 Reuter BOCAUE, Philippines The firework frenzy that explodes across the Philippines every New Year brings a horrendous toll of death and injury but it spells money in the bank for the people of Bocaue. "Business has been good," said Cecilia Borja, a fireworksReuter - 394 words
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414 1994-12-31 3 Bloomberg Business News HONGKONG As China s breakneck economic growth continues, its need for foreign investment is increasing. But as competition from other developing countries increases, it will have to worker harder to keep the money coming in. With economic growth averagingBloomberg Business News - 414 words
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Article, Illustration79 1994-12-31 3 AFP SEOUL A solemn-faced Bobby Hall walking into South Korea yesterday after being released by North Korea. The 28-year-old US Army helicopter pilot crossed the heavily fortified border at Panmunjom 13 days after his chopper went down in North Korean territory and left him a captiveAFP - 79 words
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NOTE BOOK
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50 1994-12-31 3 AP HONGKONG All Hongkong telephone numbers will have the extra prefix *2' beginning tomorrow, Hongkong Telecommunications Ltd announced yesterday. It said facsimile numbers are also affected by the change that will give Hongkong more telephone extensions. Local numbers will now have eight digits. APAP - 50 words
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Article, Illustration56 1994-12-31 3 AFP TOKYO Japanese Prime Minister Tomiichi Murayama has his hair washed at a barber shop in his hometown, Oita City, in western Japan, yesterday. Mr Murayama returned home on Wednesday for a four-dav year-end break, his first visit to his native prefecture since he took theAFP - 56 words
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Article113 1994-12-31 3 Reuter BEIJING China's Communist Party will nurture a young elite as its next leaders to ensure its grip on power into the next century and to prevent the re-emergence of another gerontocracy like the one now headed by Deng Xiaoping. The ratio of youngReuter - 113 words
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66 1994-12-31 3 Reuter JAKARTA Indonesia's plan to build a rapid-transit system to ease chronic traffic congestion in Jakarta will cost US$l billion (551.46 billion) and has already attracted keen foreign interest, a newspaper reported on Thursday. The Jakarta Post quoted Research and Technology Minister Jusuf Habibie as sayingReuter - 66 words
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393 1994-12-31 3 AFP NEW DELHI Indian Prime Minister PV Narasimha Rao plans to carry out a longawaited cabinet reshuftle on New Year's Day, The Times of India newspaper reported yesterday. Mr Rao, 73, may also simultaneously reorganise his ailing Congress (I) party, the dailyAFP - 393 words
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Page 3 Advertisements
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Advertisement19 1994-12-31 3 PORTSHOTS The latest in sea, air and land transportation. Shipping Times. Monday to Friday. \woAiant r 1 BusmessTimes •UNOWAIM19 words
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REGION/WORLD
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WORLD WATCH
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Article77 1994-12-31 4 AFP ROME President Oscar Luigi Scalfaro said here yesterday that a majority of Italian legislators were opposed to snap elections urged by outgoing Prime Minister Silvio Berlusconi and his allies. The statement by the president was issued after press reports said Mr Scalfaro would notAFP - 77 words
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Article, Illustration59 1994-12-31 4 AFP LONDON Coal miners leading a pony yesterday through an old coal pit, the Hope Colliery. Fifty years of state ownership of the British coal industry, currently in a state of terminal decline, ended yesterday when the government announced that the few remaining pitsAFP - 59 words
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93 1994-12-31 4 AFP LONDON Rupert Murdoch had lunch with Labour leader Tony Blair in September, following speculation the media tycoon would be prepared to see his empire swing behind Labour, said yesterday's Independent. A source close to the Labour leadership on Thursday confirmed that the headAFP - 93 words
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Article66 1994-12-31 4 Reuter GROZNY, Russia Chechen and Russian troops clashed near the rebel capital Grozny yesterday and officials in the region said an oil refinery fire in the city threatened an environmental catastrophe throughout the Caucasus. A Chechen reporter said on Thursday that the refinery was hitReuter - 66 words
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Article32 1994-12-31 4 PRINCESS Kiko delivered a grand-daughter for the Japanese emperor on Wednesday, not a grandson as was wrongly headlined in our Chatterbox column yesterday. We are sorry for the error.32 words
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211 1994-12-31 4 AFP KUALA LUMPUR Malaysia recorded a trade deficit in the January-to-September period totalling MS 1.8 billion (S$ 1.03 billion), compared with a surplus of M 54.7 billion in the same period of 1993, a government agency said yesterday. Imports grew 32.9AFP - 211 words
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379 1994-12-31 4 Bloomberg Business News WASHINGTON Sales of new single-family homes fell for the first time in five months in November as higher mortgage interest rates finally started affecting consumer demand for new homes, government figures showed yesterday. Sales lastBloomberg Business News - 379 words
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507 1994-12-31 4 Reuter WASHINGTON US President Bill Clinton, vowing to champion his agenda and ignore his low popularity ratings, has said he intends to seek reelection in 19% and can see nothing that will make him changc his mind. InReuter - 507 words
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455 1994-12-31 4 AP MEXICO CITY Mexico's tough-minded treasury secretary has become the first political casualty some say scapegoat of Mexico's two-week-old currency crisis. President Ernesto Zedillo sacked Treasury Secretary Jaime Serra Puche on Thursday and announced an emergency programme to confront the financialAP - 455 words
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Article, Illustration48 1994-12-31 4 AFP MANILA Philippine President Fidel Ramos, right, leading a flag-raising ceremony to mark the 98th anniversary of national hero Jose Rizal yesterday. Rizal, a leader of the revolution against Spanish colonial rule, was executed by firing squad on Dec 30, 1896. AFPAFP - 48 words
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270 1994-12-31 4 AP GENEVA The United States, Canada and the European Union yesterday handed over their formal ratifications of a landmark global trade pact in a final rush to become founding members of the new World Trade Organisation. About 85 countries have now officiallyAP - 270 words
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Article1449 1994-12-31 4 Otj nw ETA Flight ETP Abu Dhabi GA976 0010 Amman RJ187 0100 Amsterdam KL838 0001 SQ25 0635 SQ324 2330 KL837 1540 KL838 2335 Auckland NZ21 1710 BA11 1350 N221 1735 NZ22 1825 SQ286 2035 NZ22 1850 SQ286 2040 SQ286 2040 SQ7295 2240 SQ7295 2240 SQ7295 23401,449 words
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469 1994-12-31 4 Reuter MOSCOW Russian industrial output has shrunk by more than half since 1991, the last year of Soviet communism, Interfax says. After five years of successive decline, industrial output is now less than 45 per cent of itsReuter - 469 words
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COMPANIES & MARKETS
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359 1994-12-31 5 William Chia - Pac Can posts 1.35m loss despite doubling of turnover By William Chia PACIFIC CAN Investment Holdings has posted a group loss of 1.35 million for the year to Sep 30, 1994 compared with a net profit of $1.11 million the year before. Directors have not recommended a dividend. Announcing the359 words
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407 1994-12-31 5 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Prudential Asset Management Asia (Pama) has gained control of U Investment Holdings an engineering group formerly controlled by listed Goldtron following a management buyout completed yesterday. Goldtron sold its 80 per cent stake407 words
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Article, Illustration643 1994-12-31 5 Bloomberg Business News MANILA Though prices declined by 15 per cent, the Philippine bourse still managed to put on weight in 1994. A spate of debutante companies on the Philippine Stock Exchange has boosted the market's total value to nearly US$6O billion (5587.6Bloomberg Business News - 643 words
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505 1994-12-31 5 Chew Earn Chyi - HOCK LOCK SIEW By Chew Earn Chyi SINGAPORE Though 1994 has been a bad year for Malaysian stocks, it has not been so for initial public offers. IPOs will probably find 1995 the same. Greeting the new year is ACP Industries505 words
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291 1994-12-31 5 Paul Leo - By Paul Leo SINGAPORE Kim Eng Holdings yesterday reported a 23.5 per cent drop in earnings to $27.44 million for the six months ended Sep 30. Turnover also fell 27 per cent to $80.32 million, reflecting difficult times291 words
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134 1994-12-31 5 SINGAPORE Paper and fast-food group Inno-Pacific Holdings has dropped plans to acquire paper company Sequoia Investments (BVI) Ltd which it had proposed to acquire in October for $22.27 million. Inno-Pac said in a release yesterday that this was due to the non-fulfilment by Sequoia134 words
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104 1994-12-31 5 SINGAPORE Hotel Properties Ltd (HPL) has subscribed for 100 per cent of Apsara Holdings Cambodia through subsidiary HPL Properties (SEA) Pte Ltd. Apsara's registered and issued capital is US$lOO,OOO (S$ 146,000), divided into 100,000 ordinary shares of US$l par value. Apsara will develop104 words
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189 1994-12-31 5 MBT KUALA LUMPUR Telekom Malaysia will undergo a major restructuring exercise next year that may group the corporation into three divisions. The restructuring, Telekom executive chairman Mohd Rashdan Baba said, is aimed at strengthening the overall Telekom operations and is part of the corporation'sMBT - 189 words
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EYE on your STOCKS
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Article, Illustration49 1994-12-31 5 Mixed Market Mood' indicates the likely trading sentiment next week, based on brokers polled at 5-6pm yesterday Overnight events may alter sentiment. Brokers polled: Alliance. Baring. I)am a. Fraser. (IK (joh, Kay Hian. Morgan Grenfcll. OngCo. Nomura. Phillip. Smith New Court. H I Carr and SG Warburg.49 words
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Article, Illustration133 1994-12-31 5 Paul Leo - Paul Leo BUYING interest in United Overseas Land 1997 Warrant was exceptionally strong yesterday 1.22 million units changed hands compared to the previous day's 629,000 and the 10-day average of 376,000 units. While short-term technical factors look a bit overbought, medium-term indicators are bullish. The daily Moving Average133 words
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COMPANY BRIEFS
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97 1994-12-31 5 SINGAPORE Winfoong Investment, a subsidiary of Hong Fok, has entered into a conditional agreement with Barragan Trading Corporation, a British Virgin Islands entity controlled by tycoon Shaw Vee King, to place out 75 million new shares. The placement at a price 39 HK cents will97 words
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Article62 1994-12-31 5 SINGAPORE Giken Sakata yesterday announced a net loss of $691,000 on a turnover of $141.3 million in the half year ended Sep 30. The previous corresponding figures were a loss of $2,122 million on a turnover of $122.2 million. Net assets per share at62 words
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Article59 1994-12-31 5 SINGAPORE Cerebos Pacific Limited yesterday announced three major appointments to its board of directors. Its chairman, Lee Kim Yew, said Makoto Banno will become its financial director. He will replace Tham Chong Kong. Leslie Mah, the company secretary, will be made a director and Michael59 words
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Article79 1994-12-31 5 Bernama KUALA LUMPUR General Lumber Fabricators Builders Bhd (GLFB) has proposed to acquire two east Malaysia-based timber companies, Nilam Mestika Sdn Bhd and Arutas Sdn Bhd, for M 546.87 million (5526.8 million). A GLFB statement here yesterday said the proposed acquisition was a bid toBernama - 79 words
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71 1994-12-31 5 Bernama KUALA LUMPUR Sriwani Holdings Bhd is disposing off its entire equity interests in two of its subsidiaries. Pure Classic Sdn Bhd and Citystyle Fashion Sdn Bhd, for a total of M 51.05 million (*****,445) cash. A Sriwani statement said the two subsidiaries would beBernama - 71 words
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344 1994-12-31 5 Schutz Lee - By Schutz Lee SINGAPORE Wing Tai Land Pte Ltd will develop "approximately 100,000 square metres of multi-storeyed residential units" in the Chinese city of Suzhou in Jiangsu province through a joint venture, parent company Wing Tai Holdings said yesterday.344 words
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COMPANIES
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Article, Illustration479 1994-12-31 6 Anthony Rowley - From Anthony Rowley in TOKYO LEADING American securities houses Prudential Securities (Japan) and Kidder Peabody International Corp are selling their seats on the Tokyo Stock Exchange at prices believed to be well below those they paid. This reflects the continuing bear marketReuter - 479 words
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244 1994-12-31 6 HONGKONG The Stock Exchange of Hong Kong has censured and fined Peregrine Brokerage HK$3OO,OOO (5556,610) for allowing its clients to try and influence share prices of listed companies through false trades. Officials at Peregrine, one of Hongkong's leading brokerages, "knowingly assisted substantial shareholders244 words
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449 1994-12-31 6 Lim Soon Neo - Former CEO receives HKsBm to waive put option on subsidiary's shares From Lim Soon Neo in HONGKONG THE Stock Exchange of Hongkong is scrutinising "connected transactions" at Paramount Publishing including controversial payouts to its former president and chief executive. The exchange has put Paramount on449 words
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217 1994-12-31 6 Reuter HONGKONG For a number of Hongkong companies, the New Year's hangover came before Jan 1 as they reported bad news in their interim results. Instead of getting a hopedfor boost from China's economic boom, many smaller companies were hitReuter - 217 words
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Article537 1994-12-31 6 Mutagen pricti Dec JI Jan 3 US Or Fund 0.95 098Singapore Unit Trust DOB Asset Mgt Ltd The Commerce I 64 1.74 Umfund 1.43 l.49cd The Savings Fund 1.59 1.68 Umbond+ 1.045 l.07cd S pore Prog Fund 0.61 0.65 United Gr Fund! 1.70 l.77cd S pore See Fund 0.96 1.02537 words
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SHIPS IN PORT
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Article594 1994-12-31 6 Vessel Voy Wo Berth jntal Departure Vessel Voy Wo Berth Arrival Departure Jurone Port Bkie Jade 68A P04 31 12/0100 31.12/2000 BatarTw* II Jongside 31.12/2330 Bouira 2CNA94 P07 31.12/1600 02 13/0700 CaitB star HI 112 alongside 31.12/0200 Bntt Ant 12/94 P03 30.12/1(00 30.12/2359 Oam MaMeai 4 M594 words
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Article1412 1994-12-31 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rsits Ship Voy No Etb/Btr Period From To From Ac. tide 214A 01/0400 1A 30/1500 30/1669 30/1800 IB 30/1500 30/109 30/1900 3 31/0/00 31/1159 31/1400 4 31/1200 31/1459 31/1/00 Au1,412 words
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1807 1994-12-31 7 BY MARKET CAPITALISATION No. of Close Value shares price P/E Rank Compan> (Smil) (mil) (S$) ratio 1 S Telecom 15c *****.2 ***** 2.78 35.2 2 SIA *****.6 1283 8.60 13.8 3 OCBC *****.4 874 11.10 21.8 4 L'OB 9652.4 754 11.10 16.9 5 DBS 8190.81,807 words
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Article, Illustration646 1994-12-31 7 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The superbull of 1993 introduced an unprecedented 27 newcomers to the billion-dollar club to swell its members to 44. but a net seven companies had dropped out of that league as of yesterday. Thanks to massive646 words
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FINANCE & COMMODITIES
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395 1994-12-31 8 MBT KUALA LUMPUR Insurance companies will put a Ms 3 million (S$ 1.7 million) limit on their liability to third-party property damage in private car insurance policies from Jan 1, a departure from the current practice of assuming unlimited liability. The mainMBT - 395 words
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Article, Illustration371 1994-12-31 8 DBS Bank weekly currency review US$/DMK: to hit 1.5230? THE US dollar consolidated between 1.5755 and 1.5830 early this week before falling to a low of 1.5410 on Wednesday. It recovered to 1.5635 on Thursday before settling to trade around 1.5530 yesterday morning. The short-term371 words
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281 1994-12-31 8 Bloomberg Business News NEW YORK SG Warburg Group pic, lagging its biggest rivals, is accelerating its US expansion after merger talks with Morgan Stanley Group broke off earlier this month. "The globalisation of financial markets happened faster than we anticipated," saidBloomberg Business News - 281 words
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306 1994-12-31 8 Knight-Ridder SINGAPORE Indonesia's share of the world coffee market could be eroded if it takes up the General Agreement of Tariffs and Trade's proposal to improve its coffee quality. Last month, Gatt, during its trade policy review, proposed that Indonesia raise theKnight-Ridder - 306 words
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SMALL CHANGE
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Article64 1994-12-31 8 Reuter HONGKONG Sun Hung Kai Properties says its HKS3 billion (***** million) floating rate note was accepted by the Hongkong Monetary Authority as an eligible security under the Liquidity Adjustment Facility (LAF). The five-year issue was signed on Wednesday by Sun Hung Kai PropertiesReuter - 64 words
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50 1994-12-31 8 Bloomberg Business News HONGKONG Taxi financier Winton Holdings (Bermuda) Ltd has signed a co-financing agreement with Malaysia's Public Bank Berhad, a major shareholder. I~he maximum commitment of Public Bank under the co-financing agreement will be HKS2OO million (Ss3B million), and for Winton, HKSBS million.Bloomberg Business News - 50 words
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Article38 1994-12-31 8 Bloomberg Business News BOMBAY The Reserve Bank of India has removed all restrictions on government-owned banks investing in 17 large financial institutions, the Observer of Business and Polities said yesterday. Bloomberg Business NewsBloomberg Business News - 38 words
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60 1994-12-31 8 Reuter TOKYO Sanwa Bank Ltd is considering launching lotterylinked savings, which offer depositors the chance to take part in periodic lotteries offering big cash prizes. A Sanwa official said on Thursday that details of the scheme, including its launch date, had not been decided yet. TheReuter - 60 words
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32 1994-12-31 8 Bloomberg Business News DUBAI Dresdner Bank, Germany's second largest bank, has decided to move its regional office from Bahrain to Dubai in January. Bloomberg Business NewsBloomberg Business News - 32 words
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357 1994-12-31 8 FT NEW YORK A difficult 1994 for Goldman Sachs will end on a suitably downbeat note with the publication of annual rankings showing that the investment bank slipped from second to fifth place among Wall Street firms underwriting debt securities. According to the preliminaryFT - 357 words
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308 1994-12-31 8 ENERGY REPORT Reuter LONDON World oil prices ended 1994 about 20 per cent above where they began, but the year's average price was over US$l below 1993. February Brent crude futures on the International Petroleum Exchange closed yesterday at U5516.50 per barrel, eightReuter - 308 words
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Article201 1994-12-31 8 Reuter LONDON The dollar hobbled to a steady finish against the mark and the yen as dealers wound up business early for the las: trading day of the year. Traders in most major foreign exchange centres, except for Frankfurt, will be off on Monday for the New YearReuter - 201 words
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Article94 1994-12-31 8 AFP NEW YORK The dollar was down against other major currencies in quiet early Wall Street trading yesterday in the closing session of the year. The ounce of gold was unchanged at U*****.70. Shortly after trading opened, the dollar was at 1.5493 marks against 1.5529 marks at Thursday'sAFP - 94 words
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Article, Illustration1673 1994-12-31 8 I rmlf ueiifhlfJ inde\ <ak ulatfj aieain\i S'i«>rf t<i> 14 iraJinii ixjiiiwi\ ww /!M.' US$/S$ forward rates Noon Dec 30 Bid Offer I month 1.4579 1 45<»4 2-month I 45*3 1.4578 3-month 1.4553 1.4568 6-month 1 4502 ***** Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9 am on Dec1,673 words
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COMMODITIES & FUTURES
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1289 1994-12-31 9 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars and Euroyen futures ended tlat in dull holiday trade. Trading was limited to locals and few day-traders squaring their positions ahead of the New Year. Dealers said the liquidity was thin ahead of the long weekend. The marketsReuter - 1,289 words
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669 1994-12-31 9 COMMODITY REPORTS Palm Oil CRUDE palm oil physical price closed higher yesterday in active trading despite the mixed close on the Chicago soyoil market overnight. Dealers said the market tended to ignore the previous bearish sentiment due to the increased demand. Physical Jan669 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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112 1994-12-31 9 NEW YORK Copper managed to stay above US$3,OOO on Thursday after jumping over this psychologically important level in US post kerb trading on Wednesday. In the post kerb on Thursday, LME copper added US$l.OO with three-month metal last quoted at U553,012, which is up by112 words
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Article73 1994-12-31 9 HONGKONG China's total grain production this year was 444.6 million tonnes, down from 456.4 million tonnes in 1993, the official Xinhua news agency reported yesterday. The decrease was caused by "severe" natural disasters earlier this year, the report said, quoting State Statistics Bureau spokesman Ye Zhen.73 words
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71 1994-12-31 9 KUALA LUMPUR Higher prices spurred hedge selling by Malaysia palm oil plantations, growers said. On Thursday, plantations sold a total of 5,455 tonnes of crude palm oil, up from 3,800 on Wednesday, according to data from the Malaysian Oil Palm Growers' Council. Of that71 words
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53 1994-12-31 9 BANGKOK Thai soymeal traders and millers remained out of the market even though a new tax scheme for the commodity was announced on Wednesday, sources said. Trader and miller reticence is because they have yet to find out the quota each of them has53 words
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Article1442 1994-12-31 9 Rubber Dec 30 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) Buyers Sellers As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) c| volume Oocii KSS 2 Jan 95 224 50 225 Month High Low M InteES RSS 3 Jan 95 223.50 224 SON1,442 words
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REGIONAL STOCK MARKETS
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Article1104 1994-12-31 10 -20.1 SHARES closed lower yesterday and on a disappointing note on the final trading day of 1994 as expiring options and a weak December futures contract weighed on the market. The AH Ordinaries Index slipped 20.i points to an early market close of 1,912.7, 11.4 per cent below 1993's1,104 words
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Article640 1994-12-31 10 +83.67 The Taipei bourse remained bullish in active trading, propelled by good performances of construction and food shares. The 410-issue Weighted Price Index put on 83.67 points to settle at 7,111.1. Turnover was 2.44 brllion shares worth NT$lOO.l2 billion. The market opened high and further peaked at 7,127 points640 words
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Article478 1994-12-31 10 -1-4.67 Stocks rose as investors hopeful that the worst is over for world equity markets positioned themselves for the coming year, traders said. The market closed at noon yesterday for the New Year's holiday and won't reopen until Wednesday. Trading was light, totalling NZ$2O million compared with more478 words
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WORLD STOCK MARKETS
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Article836 1994-12-31 10 -0.1 SHARES ended the day and the year with a whimper, as most market participants stayed away ahead of the long New Year holiday weekend. "It has been a total waste of time coming in this week," one trader said. The FTSE-100 Index finished down 0.1 at 3,065.5 points.836 words
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Article167 1994-12-31 10 -13.00 French shares finished lower, weighed down by the expiry yesterday of the December futures contract on the CAC-40 Index and weaker bond prices. 'The market tried to go up a bit after the expiration of the futures contract, but the Matif (bond futures) went down so sentiment was167 words
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Article169 1994-12-31 10 4-24.53 German shares ended the final bourse session of 1994 sharply higher with shares pushed up by window-dress-ing in low volume. The market was also supported by debt recovery, an upturn in DAX futures prices, limited short-cover-ing and demand for secondtier stocks, dealers said. The DAX Index ended up169 words
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Article158 1994-12-31 10 +202 Italian shares closed the year on a positive note, bouncing back from sharp falls of the past two sessions as dealers hoped an institutional government might be appointed in the New Year, resolving the current political crisis. The Mibtel Index finished 202 points higher at 10,191. Volume was158 words
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Article310 1994-12-31 10 -0.36 Dutch shares ended 1994 barely changed from the start of the year as a fall in German bund futures tipped stocks into negative territory. The AEX Index closed down 0.36 at 414.47, near its 1993 finish of 414.27. Fokker rebounded from an early plunge to close 30 cents310 words
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Article150 1994-12-31 10 +7.9 Swedish shares ended the year with an advance of about 0.75 per cent across the board, helped by several firm blue chips amid reasonable activity. Turnover was two billion crowns and the OMX Index closed up 7.9 points at 1,137.59, a 3.4 per cent rise on the year150 words
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Article376 1994-12-31 10 +7.2 South African shares closcd little changed but firm in quiet half-day trade. A dealer said activity had not picked up on expectations of window-dressing by the unit trusts ahead of the end of the reporting quarter. "It is hard to tell whether the unit trusts had any effect376 words
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Article293 1994-12-31 10 +7.11 stocks moved higher in illiquid early trade with most players out of the game ahead of the New Year holiday weekend. "The activity in this market is like watching wet paint dry," said one dealer. "It's moving at the speed of dirt." He said that year-end window-dressing is293 words
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Article709 1994-12-31 10 +8.07 The Dow Jones Industrial Average, which slid 6.06 points on Thursday, was ahead 8.07 to 3,841.50 at 11am EST. The NYSE Composite Index was up 0.11 to 251.55, while Standard Poor's 500-stock Index was ahead 0.04 to 461.21. Declines overtook advances 886-879 among the 2,681 issues crossing709 words
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Article829 1994-12-31 10 Brussels Dec FORWARD MARKET \(,F,n 26*0 A«c 25» 7 *> \stUT i .1 Brav.jn 4<0 14 Cupac 500 IS (oci I* -5 IV Hrrrs *22 12 Fhr. Bel*<P> M -25 (ih-lnrnvBai 1262 4 <*KI« 10 (pi Bm 1 Jrnh J'W 110 Pure ***> "0 Rvl Dutch *4*1 15 Srfro I*829 words
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Article, Illustration2849 1994-12-31 11 Bloomberg Business News HONGKONG Stocks ended little changed amid concerns over the impact of higher interest rates and falling real estate prices on corporate earnings growth. The Hang Seng Index fell for the fourth successive day, declining 4.98 points to 8,191.04. The All Ordinaries Index rose 1.64 to 4,074.52.Bloomberg Business News; Source: Bridge Info - 2,849 words
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Article, Illustration574 1994-12-31 11 CLSA WITH the long New Year weekend coming up, there was little trading interest in the H market. Turnover was only HKS24 million. Harbin Power was the most active stock, with turnover of HKSS.7 million. It closed unchanged. For the Shanghai B market, yesterday was a classic case ofCLSA - 574 words
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Article, Illustration2531 1994-12-31 11 Bloomberg Business News TOKYO Stocks ended little changed as investors' concerns about the dollar's dip below 100 yen were offset by the promise of economic recovery. Declines in real estate and precision instrument stocks offset advances in retail and electronics companies. "People are starting to believe the economy willBloomberg Business News; Source: Bridge Info - 2,531 words
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Article, Illustration1761 1994-12-31 11 Reuter BANGKOK A round of late buying in the finance and property sectors helped push Thai stocks up at the close. At the end of 1994 trading. the SET Index closed 7.*0 points higher at 1,360.09, against 1993's final 1,682.85. Turnover was a thin 3.41 billion baht. "There wasReuter; Source: Bridge Info - 1,761 words
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Article1978 1994-12-31 12 Gf l> Vol IM* gnk IN* IN. YM NX Mf* U« Sale (XNW) ll«h lim B*J*t ScIIct Ow P/K Wil MALAYSIAN STOCKS >M ln M1 IWI m »|SR Vk 27« cd -2 58 211 274 271 274 J O -2.9 0.1 2*1 Z IS? 2 ..6 -c* 2221,978 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6037 1994-12-31 12 Bloomberg Business News KUALA LUMPUR Stocks rose after four days of declines as investors bought extremely small quantities of stocks at higher prices to make their holdings appear more valuable at year-end. "Fund managers close their books at the end of theBloomberg Business News; Source: Bridge Info - 6,037 words
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STOCK EXCHANGE OF SINGAPORE
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Article7457 1994-12-31 13 b U M Wl I4M Lad Vol D«J Lm QhU Di> Dh YM Net Cap Aug High Low Caagaay Sole ("0001 High Law 0«>er Nell" CNf P'l Sail Price INDUSTRIAL AND COMMERCIAL nzr m \izrjz~ is 2 478 474 2 2 is 4: ?i fi !iH 2 s s u7,457 words
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Article, Illustration1902 1994-12-31 14 R Sivanithy - By R Sivanithy SINGAPORE Share prices ended the year mixed yesterday, as volume sank to its lowest level this year. Attention focused mainly on second liners and lower-priced issues, while the window-dressing that had supported blue chip prices earlier this weekCharts by Bridge Info; Source: Bloomberg - 1,902 words
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ISEAS Trends
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1113 1994-12-31 15 Shelley Mark - China and WTO a win-win proposition? Shelley Mark spells out the implications of China's proposed entry into Gatt and the new World Trade Organisation Shelley Mark Dr Shelley Mark is Associate Director of the Asia-Pacific Economic Studies Program. Department of Economics. University of Hawaii at Manoa. FREE and open trade1,113 words
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Article, Illustration1857 1994-12-31 15 John Wong - What really does 'Greater China' mean? John Wong throws light on the issue John Wong Professor John Hong is Director of the Institute of East Asian Political Economy, Singapore. ON account of successful economic reform and an open-door policy, the Chinese economy1,857 words
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896 1994-12-31 15 Liao Shaolian - Liao Shaolian looks at one Chinese province's experience with foreign capital inflows Liao Shaolian Professor Liao Shaolian is with Hanyang Research Institute. Xiamen University. Xiamen. China. FUJIAN, located in south-east China, was a relatively backward Chinese province before the *****. This was because limited investment896 words
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Article, Illustration1773 1994-12-31 16 Gloria Wee-Davies - Gloria Wee-Davies analyses how 'New Wave Confucianism' succeeds as an ideological explanation for East Asia's economic growth despite the fact that the earliest principles of Confucianism have become remote from the region Gloria Wee-Davies Dr Gloria W ee-Davies is a lecturer in Chinese Studies at1,773 words
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Article, Illustration1157 1994-12-31 16 J E Hoare - J E Hoare looks at how Asian art and culture is gaining a serious following in Paris, London, New York and other centres of Western civilisation J E Hoare linn iiauvsuai uuuwi3. JE lioare is a British diplomat who has served in Seoul1,157 words
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1216 1994-12-31 17 Leif Roderick Rosenberger - After looking back at a year of gloomy US-Japan trade tensions, Leif Roderick Rosenberger sees the situation beginning to improve Leif Roderick Rosenberger Dr Leif Roderick Rosenberger is Professor of Economics at the US Army War College, Carlisle. Pennsylvannia. DURING Bill Clinton's Presidential1,216 words
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Article, Illustration1081 1994-12-31 17 Romulo L Neri - How is the Philippines dealing with the twin issues of currency fluctuations and speculative investments? Romulo L Neri provides some answers Romulo L Neri Romulo L Neri is Director General of the Congressional Planning and Budget Office of the Philippine House of Representatives. SPECULATIVE1,081 words
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Article, Illustration1354 1994-12-31 17 Carolyn L Gates - Labour constitutes the least restructured area of the Vietnamese economy, and presents a dilemma to the Hanoi leadership. Carolyn L Gates explains why Carolyn L Gates Dr Carolyn Gales is a Fellow at the Institute of Southeast Asian Studies. LABOUR reform may be the singleSource: Extrapolated from Hand, General Statistical Office, Statistical Yearbook, 1993; Industrial Data, 1989-1993 - 1,354 words
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Article, Illustration1113 1994-12-31 18 Russell Heng - Is civil society possible in a Communist country? Russell Heng looks at that issue in Vietnam Russell Heng Russell Heng is a Fellow at the Institute of Southeast Asian Studies, and Coordinator of its Indochina Unit. IN October, the Vietnamese authorities banned a book,1,113 words
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Article, Illustration1426 1994-12-31 18 Esmond D Smith Jr - Notwithstanding recently improved Hanoi-Beijing ties, conflict between China and Vietnam over the Spratly Islands is likely, says Esmond D Smith Jr Esmond D Smith Jr Dr Esmond D Smith. Jr is a member of the graduate faculty of Salve Retina University in Newport. Rhode1,426 words
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1139 1994-12-31 18 Lee Poh Ping - Economic and political attributes allow small powers a meaningful role in regional affairs, contends Lee Poh Ping Lee Poh Ping Dr Lee Poh Ping is a Professor in the Faculty of Economics and Administration. University of Malaya, Kuala Lumpur. A FLUID1,139 words
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Page 5 Advertisements
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Advertisement155 1994-12-31 5 NEWS VALUE S'pore bourse sheds 4% in market cap to $205b (pg I) Those who invested in second-liners came of age this year. Power barge sales help push VDH net profit to $32.9 m (pg I) Profit gains largely one-ofT. But note that directors are very bullish. TDB sees 1994155 words
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Page 7 Advertisements
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Advertisement274 1994-12-31 7 Cash In Just 3 EASY STEPS With Express Share Loan! by any Hong Leong Finance or Singapore Finance branch with your share script, allocation slips and contract notes. Receive cash over the counter up to 70%* of the current market value or cap price (whichever is lower). Ust tht money274 words
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Advertisement160 1994-12-31 9 Inr J371 #1 OFFSHORE I WYI COMPANY SPECIALISTS I With a worldwide team of 125 multi-disciplined I professionals and a network of international I offices, OCRA provides confidential and cost effective company formation in all the major low I tax areas including: I BRITISH VIRGIN ISLANDS BAHAMAS IRELAND I WESTERN160 words
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Advertisement49 1994-12-31 9 The Tokyo rubber and gold markets were closed yesterday. 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 fuH picture. Companies ft Markets. Everyday.49 words
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Advertisement41 1994-12-31 10 STAKES Dont et shortchanged, f° r a coverage I you can bank on. Financial News. Everyday. Business Times w WEftPOVASM The Manila, Seoul and Bombay stock markets were closed yesterday. (he cfuestion. The Brussels and /.urich stock markets were closed yesterday.41 words
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Page 11 Advertisements
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Advertisement176 1994-12-31 11 Th e Zenith Rainbow Collection El Primero automatic chronograph movement. J J Above* B«yo«wJ P»« Lid 1 Mantwne Sqtui* <1)2 101 ExpoGatrway Td Z"2H042 Cortina W»lrh Cantr* Pl« LtdWl/y 36 RaffW* City Shopping Ontw Td 3WV185. ®l-J2 Lucky Plaxa Td 235U084 D«liu« Eaattrn Watch n* Ltd (01-18/ 20C«ntwpo«nlTd *****36 J«wrtU*y176 words
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Page 12 Advertisements
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Advertisement120 1994-12-31 12 NEW BALANCE presents the The MKMTs offer real runrnng shoe Ameriean Classics Colleetion De- VB«n»£smts technology. Real running shoe^upsigned to take the work out of walk- port and comfort, just what d.d you ing. These elegant shoes look better «P«« f m company that makes you are dressed up. They120 words
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Page 13 Advertisements
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Advertisement62 1994-12-31 13 straight talk i You shou,dnt have t0 read between the ,ines <pj t0 g et the f U picture. Companies Markets. Everyday. Business Times SINGAPORE# f 1 Business Times Wf. K HOW ASIA Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax. ff News Centre62 words
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Page 14 Advertisements
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Advertisement19 1994-12-31 14 JUST DESERTS Legal discourses in digestible portions. The Law Page. Every Thursday. ■f 1 Business Times WE KNOW ASM19 words
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Advertisement329 1994-12-31 14 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF WAREHOUSE PTE LTD (In Members' Voluntary Liquidation) At an EXTRAORDINARY GENERAL MEETING o» the members ot WAREHOUSE PTE LTD duly convened and held at Blk •019 Ang Mo Kio Industrial Park 3 #01-136 Singapore 2056329 words
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Advertisement396 1994-12-31 14 ECON ft ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT OFFER FOR SALE BY SCHRODER INTERNATIONAL MERCHANT BANKERS LIMITED OF 39,300,000 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR 39,300,000 NEW ORDINARY SHARES OF 550.20 EACH IN THE CAPITAL OF ECON INTERNATIONAL LIMITED ("COMPANY") IN RELATION TO THE ISSUE BY THE396 words
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Page 16 Advertisements
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Advertisement179 1994-12-31 16 Prospects for South-east Asia In 1995 WILL there be leadership changes in South-east Asian countries in the next few yean? Will there be war over the Spratfys? Will Hongkong remain an economic dynamo after 1997? Will the growth rates of the Asean economies slow down? Will Vietnam continue with its179 words
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Page 18 Advertisements
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Advertisement45 1994-12-31 18 Ji a*i j Any Job. Any Career. AVAILABLE ANY DAY. ANY t,me anywhere. ir\l T A,T TIMM TN« »uno« Tim«» SutimM Tiwu fr. J W I W VHr "ySII THt NfW P«P€« UAHMI U0»*0 U4KMI W«N«M VVJ Shin Mim Dailt Ncwa B«NITA Marian BcniT* Minoou45 words
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Executive Lifestyle
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Article, Illustration1570 1994-12-31 19 So you failed to soar with the eagles. Never mind. You're still welcome to trot along with the winners of our Turkey Awards 1994 CHRISTMAS is over, but don't throw out all your leftover turkey. They'll come in handy for -our annual Turkey Awards, where we1,570 words
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STRAWS IN THE WIND
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Article42 1994-12-31 19 A CHRISTMAS shopper was buying her festive flowers from her regular florist when the latter asked: "Would you like some mee soto?" "Mee soto? No thanks. I already ate." Actually, the florist was asking her if she wanted some mistletoe.42 words
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Article47 1994-12-31 19 DID YOU feel extra harried buying your Christmas groceries last week? Well, it wasn't because of the crowds. One shopper was wondering why she felt so agitated in the supermarket until she realised the overhead music system was playing not carols but martial music.47 words
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Article51 1994-12-31 19 NILE TV, which was covering the annual Cairo Film Festival, managed to interview director Oliver Stone who was there to give out some awards. Introducing the interview, the reporter said: "Let us now meet Oliver Stone and ask him to give us a piece of his51 words
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Article46 1994-12-31 19 WHAT do you do when you dial a telephone number that's not in use? The recorded message you get won't help. It says: "The number you just called is not in use. Please check with the person who gave you the number. Thank you."46 words
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TURKEY AWARDS 1994
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Article, Illustration1176 1994-12-31 20 AWARD How about a turkey for former Singapore coach Ken Worden to eat, together with his words? He was the one who said the Singapore team would not win anything this year, and who quit in a huff to coach Selangor. Singapore not only1,176 words
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SPORTS
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Article, Illustration590 1994-12-31 21 Reuter HOUSTON Vernon Maxwell chased down a bad pass and sank a three-pointer with one second remaining to lift the Houston Rockets to a wild 126-124 victory over the Golden State Warriors on Thursday. Hakeem Olajuwon scored 42 points for the Rockets,Reuter - 590 words
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Article538 1994-12-31 21 NFL preview AFP WASHINGTON New England coach Bill Parcells is an old friend and mentor of Cleveland coach Bill Belichick, but he won't be giving him any tips before their clash tomorrow in the National Football League playoffs. New England are in the playoffsAFP - 538 words
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181 1994-12-31 21 AFP SYDNEY French solo yachtswoman Isabcllc Autissier told rescuers yesterday she is battling stormy seas with one compartment flooded, no steering and a 1.5-metre hole in her vessel's cabin roof. The 38-year-old singlehander competing in the BOC round the world race contacted rescuers atAFP - 181 words
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SPORT SHORTS
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Article, Illustration38 1994-12-31 21 Reuter NEW YOKk NBA games *>n Thursday: Atlanta 127 San Antonio 121 (OT); Miami 126 LA Clippers 83; Charlotte 125 Orlando 123; Houston 126 Golden State; 124 Portland 104 Denver 93; LA Inkers 96 Seattle 95. ReuterReuter - 38 words
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Article, Illustration104 1994-12-31 21 AP MANII-A Pancho Villa, a world flyweight champion who died in 1930. will be honoured with a mausoleum in recognition of his contributions to Philippine sports. Philippine Sports Commission chief Gemiliano Lope/ said in a statement on Thursday that Villa, who won the flyweight crown in New York inAP - 104 words
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Article, Illustration91 1994-12-31 21 AP NKW YORK The National Hockey League will cancel the 191)4.95 season if it can't start by Jan 16. league officials told the players* union. The league locked out players before the scheduled start of the season on Oct I. and labour negotiations have since bogged down overAP - 91 words
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Article, Illustration110 1994-12-31 21 Reuter SEOUL The man tipped to become the next president of the International Olympic Committee is a hero in his native South Korea for pushing the national martial art of taekwondo into the world arena almost single-handed. Kim Un-yong. now lOC vicepresident. is credited with what many sports officialsReuter - 110 words
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Article, Illustration108 1994-12-31 21 Reuter BKIJING China will not take part in a Swimming World Cup in Hongkong next week but said the decision was not related to a doping scandal surrounding its prestigious swimming team. otTicials said yesterday. "We had planned to take part but the athletes were too tired after theReuter - 108 words
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Article, Illustration371 1994-12-31 21 AP SYDNEY England chairman of selectors Ray Illingworth yesterday laid some of the blame for the tourists' disastrous performance in the current Ashes cricket series on manager Keith Fletcher and tour manager Mike Smith. England slumped to 2-0 down in the series onAP - 371 words
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PEOPLE
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Article, Illustration206 1994-12-31 21 Minister for Community Development Abdullah Tarmugi joined about 80 other golfers recently for an afternoon of golf at the TMCC Tampines course to raise funds for the underprivileged. The event was organised by Great Eastern Life Assurance Co as part of their Golden CarePhotos by Arthur Lee - 206 words
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Article, Illustration223 1994-12-31 22 R Sivanithy, Francis Tan - Compiled by R Sivanithy, Francis Tan It was a roller-coaster year for investors as stocks rose and plunged on rumours and American interest rate hike were the single biggest factor that dragged stocks down this year. Watching the movements of the Dow Jones liSource: INVESTAMATIC - 223 words
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Article, Illustration99 1994-12-31 22 CERTIFICATES of Entitlement (COEs) were at record highs at the turn of 1993/1994. But January's stockmarket correction pulled COEs down from around February to July. From then until December, premiums rose unabated, with COEs for luxury cars reaching a mind-boggling Si 10.500. A second correction occured in theSource: ROV - 99 words
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Article, Illustration143 1994-12-31 23 THE conviction in April of former Amcol Holdings managing director Kang Hwi H'ah sent its shares and warrants tumbling. Kang was sentenced to one year in /ail and fined $100,000 for taking a 51.5 million bribe. A lower court had earlier found him143 words
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Article, Illustration131 1994-12-31 23 THE office market re\i\ed in 1994. despue predictions by the doubting Thomases that it would continue to falter. Increased demand from multinationals, hanks and firms relocating from Hongkong helped to boost rentals of prime space from S4 to S5 psf at the start of 1994131 words
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EPICURE
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Article, Illustration798 1994-12-31 24 KEVIN SULLIVAN - Bon Appetit By KEVIN SULLIVAN IMAGINE you are in Venice, or further along the Adriatic coast, perhaps, in the Croatian port of Rijeka. You have enjoyed an afternoon strolling among picturesque terraces and quayside curio shops, and you are just beginning to feel peckish. At798 words
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Article709 1994-12-31 24 N K YONG - Wine By N K YONG YOUNG CHAMPAGNES The just released Veuve Clicquot La Grande Dame 1988 was stunning. Rich ripe fruit, powerful yet well balanced, beautiful. krug 1985, also just launched, is well worth waiting for. Firmer and less opulent but just as concentrated as709 words
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Article, Illustration1043 1994-12-31 26 Andre. A girl and her father adopt a baby seal and learn to adapt. Based on a true story. Lido: 4; 6.30. Blood And Sand. Silly tale about a delivery boy who becomes a bullfighter. He falls for Sharon Stone, who reworks some Basic Instinct stunts. R(A). Yangtze: 1.30:1,043 words
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Advertisement82 1994-12-31 19 nn 0 n 24-hour "toon information Sorvice Approval" 5 4 2 1800 334 3588 1800 334 3688 .nmt '>V 1 !L 5 '"-> s"j w (;/> -ffjT "'V -'i +S ?*».> C* flßfe". i I'jffi iIV K m I K e Available H V "*wfrrm& fcScotts Road #01 -16 Scotts82 words
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Advertisement142 1994-12-31 21 i e*cl«iM»*ly i /]jET' I I /it Abov* A IWvond P»* lid I VUnlimrSquarv«»2 101 F»p,> t jtrw.ty T«f 272*142 Cortina Wjtch C*ntr* Pt* Ud *11 -36 R*ffl« City Svppin* CVnti* Td .WVIKS *)1 1 1^.12 Lucky nuu T«l 2.ISUUIM L>*lu»« liMnn Watch P«* lld *01-lt)/3K rntn-pomt Tel 2.152VV> J*w*ll*ry142 words
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Advertisement269 1994-12-31 24 NOTICES NOTICE NOTICE IS HEREBY GIVEN that I, WOO WAI KHUM PATRICIA (Name of hotelkeeper) have applied to the Hotels Licensing Board, Singapore, for a certificate of Registration in respect of premises known as THE ROYAL PEACOCK PTE LTD (name of hotel) at 47 65 KEONG SAIK ROAD Singapore 0208,269 words
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Advertisement293 1994-12-31 24 IN THE MATTER Of THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF AIRPORT MEDICAL CENTRE PRIVATE UMITEO (In Voluntary Liquidation) At an Extraordinary General Meeting of the members of Airport Medical Contra Private Umfted duly convened and held at 79 Robinson Road *16-03, CPF Building. Singapore 0106 on293 words
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Advertisement287 1994-12-31 24 It's now performance time for aspiring singers-to-be. Indulge in English, Mandarin, and Cantonese Karaoke at NO EXTRA COVER CHARGE! Showtime by MIDI FUSION from B.oopm alternates with Karaoke Sessions. Happy Hours 5.00pm to B.oopm (50% off standard drinks) Operation hours: I UOpm lo 1 .00am. (Closed on Sundays! liwl J287 words
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Page 25 Advertisements
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Advertisement1597 1994-12-31 25 MniHfing WHERE to wine, dine and entertain or HTTVTOI gvTi a" 1121 rij iiAi iii sfii\kiii i j|| (New Year's Eve Dinner) fH li mi.OO" PER HEAD f*< r CARPACCIO Dl BRESAOLA AIIA SICIUAHA An inviting entree of thinly sliced BresaoU richly »eason«d with kmon and olive od. ji Grapefruit1,597 words
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Page 26 Miscellaneous
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Miscellaneous2365 1994-12-31 26 TODAY'S TV 10.02 CNN News. KTTTVi! ■M FJ S I r.10.30 Menu. 1102 KeW > Kanak-Kanak. The Man Upstairs, 12pm, TV 2 Cinema Cinema Cinema, ||L 112i15 PM CNN. Ryan and Katherine 7.30pm, CfeS k d^^J^aaa 6^* Hepburn star this comedy Wesley Snipes is aUS marshal l? 5 r^V^ o2,365 words
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