The Business Times, 7 January 1995

Microfilm: NL19765
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 BUSINESS TIMES MITA(P) 194/12/94 Weekend Edition, January 7-8 1995 Wli KNOW ASIA 75*
    13 words
  • Article, Illustration
    Lock icon Salim-backed group clinches coveted Asian property deal
    618 1  -  From Al Labita in MANILA THE tender for Fort Bonifacio, billed as Asia's biggest property deal, was won yesterday by a consortium backed by Indonesia's Salim Group. Through Salim flagship Metro Pacific Corp (MPC), the 20-member group offered a whopping 38.94 billion pesos
    Compiled by BT  -  618 words
  • Article, Illustration
    PM Goh: India must open up quickly to avoid losing out on investments
    641 1  -  From Catherine Ong in CALCUTTA INDIA risks being sidelined in the race to prosperity if it fails to open up its economy quickly enough, Singapore Prime Minister Goh Chok Tong told a gathering of industrialists here yesterday.
    641 words
  • Article
    Ministry acts to plug loophole in COE rebate scheme
    376 1  -  By Rahita Elias SINGAPORE The government will plug a loophole in the Certificate of Entitlement scheme which speculators have exploited to obtain rebates after this month's fall in COE prices. The move follows a report in The Straits Times on Thursday
    376 words
  • 2am LATEST
    • Article
      Lock icon Dow up 27 in biggest jump of the new year
      143 1 Reuter NEW YORK Wall Street stocks scored the biggest jump of the new year yesterday, shrugging off inflation fears and getting a lift from the bond market. The Dow Jones Industrial Average was up 27.59 points at 3,878.51 at 1
      Reuter  -  143 words
  • Article
    Civil service recruitment drive draws unprecedented response
    401 1  -  By Michelle Low SINGAPORE It works. Paying civil servants privatesector wages has had an immediate impact. The civil service said yesterday it had received an unprecedented response to its latest recruitment drive 5.900 graduates applied for 700 vacancies. Of the 5.900 double the
    401 words
  • Article
    HK leads falls in regional markets
    153 1 SINGAPORE Stock prices around the region closed lower yesterday, led by sharp falls in property issues in Hongkong. Bloomberg Business News reported that price cuts among leading Hongkong property developers for their recent developments led to a downward rerating of their earnings. As a
    153 words
  • Article
    MARKET SUMMARY
    164 1 Stock market indices Friday Change STII 2,209.37 -22.31 KLSE Comp 955.43 -10.46 Nikkei 19,519.46 -96.65 Hang Seng 7,683.25 -235.13 SET Index 1,363.10 -10.75 Jakarta Comp 481.22 +3.40 CLSA China B 892.00 -8.44 Aust All Ord 1,867.7 -2.1 FTSE 100 3,065.0 32.7 Friday Previous lpm EST dose Dow Jones
    164 words
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      21 1 jjj 1• jkHi ft US jobless rate hits 4'/2-year low, Pg 4 Is Apple Computer ripe for a takeover? Pg 4
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      10 1 Top condos in Singapore: el i The heights of luxury
      10 words
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      34 1 n&laysian stock&TL 5 The year's best vfik First Pacific analysts' favourite, Pg 7 Land Houses in first big overseas move, Pg 7 PM Goh in top form at Q&A session, Pg 2 8 II
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      265 1 Jh'k Lock Siew: pg 6 hen to be bullish The Raffles Conversation: Former Thai JH Prime Minister \W^m Anand Panyarachun M* HK developers cut apartment prices, Pg 3 Regional markets, Pg 12-16 > "r Since 1735 there has never been a quartz Blancpain watch. And there never will be. I
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      Page 1 Advertisements Column 5
      43 1 CwRpMics Spore News 2 S"por*tf sa S,7 Regional News 3.4 Fnancul 3-11 World News 4.5 F eitvrrs Mifldts Opmons a 2 CW/KlSt SES .1*16 Corwmjbons EL 3 Report* 1213 Sports tt8 Wortd 12 Epcure CI 10 Currencies 10 TV/Radn EL 12 Sana/Canmo 11
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  • SINGAPORE NEWS
    • Article
      NTUC plans to set up unit trust for members
      353 2  -  By Quak Hiang Whai THE National Trades Union Congress (NTUC) plans to set up its own unit trust for members. In an interview with weekly newsletter NTUC News, NTUC secretary-general Lim Boon Heng said the union is seeking approval from the
      353 words
    • Article
      Goh in top form as he fields questions from industrialists
      668 2  -  PM Goh's visit to India From Catherine Ong in CALCUTTA PRIME Minister Goh Chok Tong was in top form yesterday when he fielded questions from Indian industrialists on issues ranging from Singapore's brand of democracy to rural housing. Warmed up
      668 words
    • Article
      Star TV to supply TCS with music shows
      306 2  -  By Corinne Kerk RUPERT Murdoch's Star TV said yesterday it had signed a deal with Television Corporation of Singapore (TCS) to supply eight hours of programming from its music channel, Channel V. on a weekly basis. The Hongkong-based network said the six-month
      306 words
    • Article, Illustration
      Lock icon MRT extension to airport: decision around mid-year
      317 2  -  By Rahita Elias THE government will decide whether to extend the Mass Rapid Transit system to Changi Airport around the middle of this year. Communications Minister Mah Bow Tan said yesterday that a feasibility study on extending the East-West line to the airport
      Photo by Arthur Lee  -  317 words
    • Article
      2 S'pore firms ask govt for help in dispute with M'sia
      503 2  -  By Lilian Ang EXPORTS to Malaysia of petrochemical raw materials for plastic products have dropped by a sharp 44 per cent following the Kuala Lumpur government's imposition of import restrictions in April. Consequently, the two Singapore producers Phillips Petroleum
      503 words
    • Article
      M'sian developer markets Johor factories here
      253 2 MALAYSIAN Industrial Estates Sdn Bhd (MIEL), the country's largest industrial estate developer, will hold an exhibition at the Pan Pacific Hotel on Jan 11-13 to market its factories at Seri Alam. Johor, to Singaporeans. Deputy general manager Zaleha Mohd Shariff said yesterday phases 111
      253 words
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      193 2 BUSINESS TIMES TOLL-FREE TEL. No. FAX:'74f-1298 A lATA Manager Agency Accreditation Services lATA is seeking a qualified manager for a dynamic and challenging regional post, calling for ability to work across cultures. The successful applicant is likely to be in his/her 30's or 40's and to have: 5-8 years airline
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      34 2 Petrochemical producers gear up for boom, Pg 10 For Home or Office deliveries of: Straits Times, Sunday Times, Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 1800-749-2577.
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      469 2 WEATHER I Stacapor*: Generally cloudy and windy with occasional passing showers. Temperature (24-30*) Asia-PacMc Hl/la* Cm*. tare** Hi/la" Cm*. Buenos Am* 26/17 Cloudy AucMand 21/14 Cloudy Amsterdam -I/-5C Cloud* Chicago 01/-2 Shower Bangkok 36/24 Cloudy Athens 13/09 Shower Honolulu 27/21 Cloudy BeW* 08,2 Cloudy Beitn 01/4 Cloudy Houston 11 AW
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  • THE REGION
    • Article
      Lock icon Taiwan expected to forge shipping links with China soon
      602 3 Bloomberg Business News Reuter TAIPEI The Taiwanese cabinet is likely to move quickly to implement a plan announced on Thursday that will end a ban on direct transport links with China, industry executives and analysts said yesterday. The legislature is expected
      Bloomberg Business News; Reuter  -  602 words
    • Article
      Lock icon KL chalks up budget surplus of M$1b, but trade deficit soars
      497 3 MBT AFP KUALA LUMPUR The Malaysian economy achieved a continuous surplus in the third quarter of 1994 but its trade saw a huge deficit from import of aircraft, ships, and offshore installations, Bank Negara said yesterday. The Malaysian budget
      MBT; AFP  -  497 words
    • Article
      Lock icon Food producers to get cheaper loans to fight inflation
      220 3 AFP Bloomberg Business News KUALA LUMPUR Malaysia's central bank has given food producers access to cheaper and bigger loans in a bid to fight rising inflation at its source, banking officials said yesterday. Blaming inflation on supply bottlenecks, especially food supplies,
      AFP; Bloomberg Business News  -  220 words
    • Article, Illustration
      Lock icon UK minister lauds Thai privatisation efforts
      331 3 Reuter BANGKOK British Chancellor of the Exchequer Kenneth Clarke yesterday hailed Thai privatisation efforts and appealed to Thailand to take advantage of British experience and institutions for financing. Calling privatisation a key factor leading to his own country's economic recovery, Mr Clarke told the
      Reuter  -  331 words
    • Article
      Lock icon Cambodian airline plans to sue government over closure
      209 3 Reuter PHNOM PENH Cambodia International Airlines (CIA) is preparing to sue the Cambodian government for US$lOO million (SSI4S million) in damages and lost earnings after the sudden closure of the carrier last month, a local paper said yesterday. "We are preparing to
      Reuter  -  209 words
    • Article, Illustration
      Lock icon Sri Lanka privatisation plan expected to boost stock market
      295 3 Reuter COLOMBO Sri Lankan President Chandrika Bandaranaike Kumaratunga yesterday announced a major privatisation programme which analysts said should boost the sluggish stock market by 10 per cent and spur investment. "The president could not have been more explicit. She very clearly
      Reuter  -  295 words
    • NOTE BOOK
      • Article
        Lock icon N Korea, Japan in secret talks: reports
        62 3 Reuter SEOUL North Korea and Japan are having secret contacts to try to arrange talks on normalising relations, news reports in Seoul said. State radio and the domestic Yonhap news agency quoted a high-ranking official of the Japanese foreign ministry as saying on
        Reuter  -  62 words
      • Article
        Lock icon Coke signs up Miss Universe
        79 3 Reuter NHVV DELHI Two ot India s most beautiful women, recently crowned Miss Universe and Miss World, are facing off in a battle for local markets between two US-based cola giants, the Asian Age newspaper said yesterday. It said Coca-Cola had signed up Sushmita Sen.
        Reuter  -  79 words
      • Article
        Lock icon India opens forex market further
        88 3 Reuter NEW DELHI India's central bank has allowed companies to take forward positions in any currency in a move to further liberalise the country's foreign exchange market, the bank's spokeswoman said. She said the Reserve Bank of India had, in a recent circular, permitted the
        Reuter  -  88 words
      • Article
        Lock icon Work on runway to start at HK airport
        76 3 AFP HONGKONG Work is to begin this year on the first runway for Hongkong's mammoth new airport, more than two years after site preparation began, the Provisional Airport Authority (PAA) said yesterday. "We expect work to start in forming the first runway,
        AFP  -  76 words
      • Article
        Lock icon Sino-foreign ventures urged
        36 3 AFP BEIJING China is to encourage state farms to expand cooperation with foreigners to set up wide-ranging agribusinesses as part of efforts to reform the rural economy, the China Daily said yesterday. AFP
        AFP  -  36 words
    • Article
      Lock icon HK developers cut apartment prices to raise demand
      285 3 Reuter HONGKONG Hongkong property developers are slashing pre-sale prices for apartments by 10-22 per cent in the hope of beefing up demand in a weak market. But property consultants and agents said market sentiment remains gloomy and prices will continue to slip.
      Reuter  -  285 words
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      262 3 Cash In Just 3 EASY STEPS With Express Share Loan! Stof by any Hong Leong Finance or Sii|*pore Finance branch with your share scApkr allocation slips and contract notes. Receive cash over the counter up to 70%* of tbfcurrent market value or cap price (wfcidwwer is lower). afioney to buy
      262 words
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  • REGION /WORLD
    • Article
      Lock icon US jobless rate fell to 4 1/2-year low of 5.4% in December
      494 4 Bloomberg Business News Reuter WASHINGTON The unemployment rate unexpectedly tumbled to 5.4 per cent in December, its lowest level in 4Yi years, as 1994 ended with the largest number of new jobs generated in a decade, the Labour
      Bloomberg Business News; Reuter  -  494 words
    • Article
      Lock icon Consortium eyes takeover of Apple: report
      423 4 Oracle, Matsushita, Philips in USs7b deal? Bloomberg Business News, Reuter Reuter CUPERTINO, California Oracle Systems Corp, Matsushita Electric Industrial Co and Philips Electronics NV are discussing a possible takeover of Apple Computer Inc, a computer industry magazine reported on Thursday. Analysts said the price
      Bloomberg Business News, Reuter; Reuter  -  423 words
    • Article
      Lock icon Thai ministers to face business checks
      205 4 AFP BANGKOK Thai Prime Minister Chuan Leekpai has ordered checks on all cabinet ministers to ensure their business holdings do not violate recent amendments to the constitution. Parliament Speaker Marut Bunnag said yesterday that the case of Foreign Minister Thaksin Shinawatra, a tycoon whose
      AFP  -  205 words
    • Article
      Lock icon South Korea to focus on curbing inflation this year
      242 4 Bloomberg Business News SEOUL South Korean President Kim Young Sam yesterday said his government would replace as a policy goal stimulating the economy with curbing inflation. "Price stability is the most important issue among the people," Mr Kim said in a
      Bloomberg Business News  -  242 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1800 4 55 nm ct* n» a& run IT* nm j WMM GA976 0010 Ptahmi SQ404 2330 RJ187 0100 Pfcaha SQ420 2030 AaMtartiaa KLS38 0001 D«M SQ417 0630 EK79 0015 SQ25 0635 SQ324 2330 EK70 1650 EK71 2210 KL837 1540 KL838 2335 SQ428 2320 AaeUaad NZ21 1710 BA11
      1,800 words
    • Article, Illustration
      Lock icon Balancing acts
      22 4 Reuter TOKYO Fire-fighters balancing atop bamboo ladders in traditional style in the Tokyo fire brigades' New Year demonstration yesterday. Reuter
      Reuter  -  22 words
    • Article
      Lock icon Japan unveils plans and US$!b credit line to boost India trade ties
      359 4 Reuter NEW DELHI Japan, in a show of confidence in New Delhi's economic reforms, announced a US$l billion (551.45 billion) line of credit yesterday to encourage reluctant Japanese companies to step up trade with India. Japanese Industry and
      Reuter  -  359 words
    • Article
      Lock icon Victoria plans A$9b sale of power units to cut huge debt burden
      371 4 Reuter MELBOURNE The state of Victoria unveiled Australia's biggest privatisation programme through the As 9 billion (Sslo billion) sale of its electricity utilities. The Victorian government said it was seeking expressions of interest in its five power generation
      Reuter  -  371 words
    • Article
      Lock icon China building ban expected to crumble again soon
      441 4 Bloomberg Business News HONGKONG China's decision to ban major new construction projects in 1995 to tame inflation looks set to suffer the same fate as a similar ban last year, which crumbled under pressure to keep workers busy, analysts say. "Watching China's
      Bloomberg Business News  -  441 words
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  • THE WORLD
    • Article
      Lock icon EU revamp sees appointment of four new commissioners
      386 5 Reuter BRUSSELS The European Union, seeking to sharpen its voice as an economic superpower, has revealed the organisational overhaul it hopes will make its message clearer. Instead of appointing policy chiefs, the new formula for foreign policy is to divide up the
      Reuter  -  386 words
    • Article
      Lock icon Fiji may admit HK Chinese business immigrants
      237 5 AFP Reuter AP SUVA Hongkong Chinese business immigrants may be allowed into Fiji for US$l3O,OOO (S$ 190,000) under a migration scheme being considered by the government. A cabinet sub-committee has recommended that the cabinet consider allowing in between 5,000 and 7,000 family units
      AFP; Reuter; AP  -  237 words
    • Article
      Lock icon Mexico to raise US$6b from sale of power plants
      216 5 Bloomberg Business News MEXICO CITY Mexico, which is struggling to put its economy back in order after the peso plunged against the dollar, plans to raise as much as US$6 billion (558.76 billion) from the sale of state-owned power plants. Guillermo
      Bloomberg Business News  -  216 words
    • Article
      Lock icon UK water firms' chairmen get big pay rises after privatisation
      275 5 AFP LONDON The chairmen of Britain's 10 privatised water companies have received salary rises of up to 571 per cent in the four years since the companies left the public sector, the Guardian reported yesterday. They have also shared in
      AFP  -  275 words
    • Article, Illustration
      Lock icon Russia lifts oil export controls in surprise policy change
      507 5 FT MOSCOW In a sharp policy reversal, Victor Chernomyrdin, Russia's prime minister, has signed a resolution liberalising the country's oil export regime, lifting export quotas and refraining from imposing domestic quotas. The move, seen as a touchstone of reform in Russia,
      FT  -  507 words
    • Article
      Lock icon Swedes set for some harsh fiscal medicine in budget next Tuesday
      532 5 Reuter STOCKHOLM International investors have sent Swedish Finance Minister Goran Persson a crystal-clear message ahead of his first state budget next Tuesday that he has to make deep cuts in the country's famous welfare state. Mr Persson appears to
      Reuter  -  532 words
    • Article, Illustration
      Lock icon White House gets new press secretary
      56 5 Reuter WASHING TON Mike McCurry listening to a question in the White House briefing room after being named White House press secretary by President Bill Clinton on Thursday. Mr McCurry, a seasoned Democrat political operative known for his easy-going manner, was elevated from his
      Reuter  -  56 words
    • Article
      Lock icon Fed against overhauling derivatives rules
      456 5 Orange County financial crisi AP WASHINGTON Federal Reserve Board chairman Alan Greenspan and other top regulators expressed sympathy on Thursday for the fiscal plight of Orange County, California, but said they saw no reason to make major changes in the rules governing use of the
      AP  -  456 words
    • WORLD WATCH
      • Article, Illustration
        Lock icon Figure lickin' good
        29 5 Reuter NEW YORK The new US postage stamp commemorating actress Marilyn Monroe, seen in this photograph, was unveiled by Postmaster General Marvin Runyon here on Thursday.
        Reuter  -  29 words
      • Article
        Lock icon Former French premier takes his time
        69 5 Reuter PARIS Former prime minister Raymond Barre refused to be rushed into declaring his candidacy for this year's French presidential election, saying he has at least three months to decide. Mr Barre, 70, an unaffiliated centrist, told Europe-1 radio he ruled nothing out and
        Reuter  -  69 words
      • Article
        Lock icon Israel faces US wrath over aircraft
        76 5 Reuter WASHINGTON US Defence Secretary William Perry suggested on Thursday that the US would deliver a strong protest to Israel if it determines Israel is using US technology to help China develop a new warplane. "I cannot confirm the accuracy of the report. Mr
        Reuter  -  76 words
      • Article
        Lock icon US mulls over raising minimum wage
        85 5 AP o WASHING lON The Clinton administration is considering whether to propose the first increase in the minimum wage in three years. White House Chief of Staff Leon Panetta said on Thursday. Mr Clinton's advisers are recommending that the president propose an increase of
        AP  -  85 words
    • Article
      Lock icon Yeltsin takes ministers to task for not stopping bombing of Grozny
      364 5 AP GROZNY, Russia President Boris Yeltsin ordered his top ministers yesterday to explain why Russian air attacks had again violated his promise to stop bombing Grozny. The statements opening a Security Council meeting in the Kremlin came amid increasing
      AP  -  364 words
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      43 5 Financial o News IVoj9| A Quick Look At The I Markets I Call 24 hours a day for I SES KLSE midday fl reports, closing I I market reports and business news. Cost: 30 cents a minute gamsedby: INRliline An SPH AudioTex Service
      43 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Jardine eyes return to HK for secondary listings after 1997
      656 6  -  From Florence Chong in SYDNEY THE Jardine group of companies hopes to return to Hongkong for secondary listings after 1997, even after choosing to delist from the Hongkong Stock Exchange this year. Holding company Jardine Matheson and subsidiary Jardine Strategic
      656 words
    • Article
      United Engineers unit forms Brunei venture
      208 6 SINGAPORE Listed United Engineers Ltd said yesterday that its wholly-owned subsidiary United Engineers (Singapore) Pte Ltd has set up a joint venture in Brunei to offer engineering and construction business services. UES has teamed up with Mohd Salleh Haj Hidup, a Brunei citizen, through
      208 words
    • Article
      Lock icon North Borneo Timbers sells stakes in two firms
      181 6 Bernama KUALA LUMPUR North Borneo Timbers Bhd has sold its investments in NBT Enterprise Pte Ltd and Restpoint Investments Ltd (RIL). The company said yesterday that its entire stake in NBT, comprising three million ordinary shares of SSI each, was sold for
      Bernama  -  181 words
    • Article
      The best time to be bullish may be when the bears are on the prowl
      851 6  -  HOCK LOCK SIEW By Amy Balan SINGAPORE There is no logic to stock markets. What else can you conclude when investors shun stocks they were rushing to buy only last year at prices 50 to
      851 words
    • Article
      Lock icon Berjaya scraps its HK and China plans
      229 6 Bloomberg Business News HONGKONG Berjaya Holdings (Hongkong) Ltd. an investment company controlled by Berjaya Group BHD of Malaysia, said it scrapped plans for a Hongkong rights issue and a property joint-ven-ture in China because of the slump in Hongkong shares. The Hongkong-based company,
      Bloomberg Business News  -  229 words
    • Article
      Lock icon Berjaya Textiles says profit will jump 15-fold after takeover
      263 6 Bloomberg Business News KUALA LUMPUR Berjaya Textiles' profit will increase 15-fold in the year to April 30, 1995, once its transformation into a timber company is complete, the company said in a circular released on Thursday night to shareholders. Pre-tax profit
      Bloomberg Business News  -  263 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 lor next \\cek s expected market sentiment, see BT Sentiment index on 1.1.4 (Personal Finance Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        118 6  -  By Paul Leo WESTMONT LAND has fallen 50 per cent to $2.59 from its all-time high of $5.20 reached on Sep 16. Both short and medium-term technical factors are turning bullish. The daily Relative Strength Index is below 25, indicating an oversold situation. The weekly Relative Strength Index
        118 words
    • COMPANIES
      • Article
        Lock icon Foreign listing pays, London bourse chief tells M'sian firms
        618 7 MBT KUALA LUMPUR Local companies with a mind to go global, be it in business ventures or investment in foreign equity markets, may find that listing on foreign stock exchanges will help their plans. Companies with global ambitions will need to
        MBT  -  618 words
      • Article
        Lock icon East Asiatic to accept shares in sales deal
        136 7 Bernama KUALA LUMPUR East Asiatic Company (Malaysia) Bhd said yesterday it would accept new EAC Aquaculture Sdn Bhd shares in payment for selling 60 per cent of certain subsidiaries and businesses to that company. The plan to sell M$ 117.5 million (5566.88
        Bernama  -  136 words
      • COMPANY BRIEFS
        • Article
          STH sold 1m STIC shares in August
          54 7 SINGAPORE Singapore Technologies Holdings said yesterday it sold one million Singapore Technologies Industrial Corp shares at $1.90 apiece on Aug 25 last year. STH now holds 328.4 million ordinary shares in the listed company. STH said it did not report the transaction earlier
          54 words
        • Article
          New appointment for Tat Lee chairman
          92 7 SINGAPORE The chairman and chief executive of Tat Lee Bank, Goh Eng Chew, has been appointed president commissioner of PT DBS Buana Tat Lee Bank. Mr Goh has resigned as chairman and director of Tat Lee Eund Management, Tat Lee Securities Nominees, Tat Lee
          92 words
        • Article
          Hotel Props clarifies Apsara holding
          45 7 SINGAPORE Hotel Properties says Apsara Holdings is fully owned by HPL Properties (SEA), not 80 per cent owned as stated in its announcement on Dec 30, 1994. Apsara Holdings plans to develop a US$9 million (Ssl3 million) hotel in Cambodia.
          45 words
        • Article
          Lock icon KL broking agent pleads guilty to CBT
          86 7 AFP KUALA LUMPUR A broking agent pleaded guilty yesterday to swindling funds of an Islamic council deposited with a stockbrokerage to buy shares in a Malaysian petroleum company. Haron Jambari, 33, admitted to having misappropriated Ms 2 million (about SSl.l million) belonging to
          AFP  -  86 words
        • Article
          Lock icon Kinta Kellas mulls over bank loans
          56 7 Bernama KUALA LUMPUR Kinta Kellas Public Limited Company has not decided on the amount of bank borrowings to partfinance its acquisition of Van Wyk en Louw Partnership (VWL). a South African firm. The company has proposed to acquire a 29 per cent stake in
          Bernama  -  56 words
        • Article
          Lock icon PanGlobal gets conditional nod
          70 7 Bernama KUALA LUMPUR Pan Global Equities Bhd (PGE) has received the Securities Commission's approval for its proposed acquisition of Limbang Trading (Limbang) Sdn Bhd's entire issued and paid-up capital. The consent, however, was subject to the purchase consideration being revised to MS22I million to be satisfied
          Bernama  -  70 words
      • Article
        Lock icon Manila fails to sell 30% of hotel; 4 global chains find it pricey
        298 7 Bloomberg Business News MANILA The Philippine government's attempt to sell up to 30 per cent of the ailing Manila Hotel failed when four international chains found the minimum bid too pricey, the organiser said. Cesar Sarino, president
        Bloomberg Business News  -  298 words
      • Article
        Lock icon Thailand's Land & Houses making its first big move overseas
        481 7 Thailand's Land Houses making its first big move overseas Bloomberg Business News BANGKOK Land Houses Pic has made its first venture abroad a big one, joining the group that won the rights to develop the huge and risky Fort Bonifacio site in downtown Manila. "Land Houses has been the trend-setting
        Bloomberg Business News  -  481 words
      • Article
        Lock icon KL gaming stocks may shine after polls
        535 7 Reuter KUALA LUMPUR Malaysia's gaming stocks, darlings of the 1993 bull run, may be a good bet again in 1995, but only after general elections because the government is currently pressuring such businesses to please Muslim voters, analysts said yesterday. Elections have to
        Reuter  -  535 words
      • Article
        Lock icon Bina Puri shares end first day M$53.90 up
        314 7 Bernama KUALA LUMPUR Bina Puri Holdings Bhd yesterday closed its first day of trading on the main board of the Kuala Lumpur Stock Exchange (KLSE) with its shares up M 53.90. The construction firm made its debut on the main board yesterday
        Bernama  -  314 words
      • Article, Illustration
        Lock icon HK's First Pacific a darling of most analysts
        517 7 Bloomberg Business News HONGKONG Yesterday's US$l.6 billion land purchase in the Philippines by Metro Pacific Corp would be tough for most Hongkong companies to handle. For Metro's parent. First Pacific Co Ltd of Hongkong, it was just another day at the office.
        Bloomberg Business News  -  517 words
      • Article
        Untitled
        937 7 Managers' prices Jan 7 9 US Gr fund 0.94 097Singapore Unit Trust UOB Asset Mgt Ltd rhc C ommcrcc 1.63 1.72 I nifund 1.40 l.46id The Savings Fund 1.57 1.66 lnibond 1.02 I 045*d S pore Prog Fund 0.60 064 United Gr Fund < 1.67 I 74*d S pore See
        937 words
      • Article
        Lock icon Securities turnover in Shanghai hits record 97.7b yuan
        476 8 Reuter SHANGHAI Daily securities turnover hit an all-time high of 97.75 billion yuan (5516.7 billion) on the Shanghai Stock Exchange on Thursday, the Shanghai Securities News said yesterday. This was a 17.55 per cent increase from the previous record of 83.16 billion
        Reuter  -  476 words
      • Article
        Lock icon Taiwan to let more foreign securities firms open branches
        240 8 AFP TAIPEI Taiwan will allow more foreign securities firms here to set up branches, waiving the requirement for a oneyear presence as a representative office. Securities and Exchange Commission (SEC) officials said yesterday. The SEC, under the finance ministry, currently only
        AFP  -  240 words
      • Article
        Lock icon Jardine Fleming eyes S Korean bourse membership
        307 8 Bloomberg Business News SEOUL Jardine Fleming has become the first foreign brokerage house to apply for full membership in the Korea Stock Exchange, its top Seoul manager said. The manager, Philip Smiley, said the company submitted an application to the exchange at end-December.
        Bloomberg Business News  -  307 words
      • Article, Illustration
        Lock icon Saatchi sells stake in Saatchi: report
        65 8 Reuter LONDON Maurice Saatchi (right), deposed chairman of advertising agency Saatchi and Saatchi Co pic, is believed to have sold "a substantial chunk" of his holding in the company, the Independent newspaper said on Thursday. Mr Saatchi, who earlier this week severed links with
        Reuter  -  65 words
      • Article
        Lock icon Daiwa Securities to set up Manila unit
        82 8 AFP TOKYO Daiwa Securities Co will set up a joint venture in Manila next Monday, the first Japanese firm to do full-scale securities business in the Philippines, a company spokesman said yesterday. DBP Daiwa Securities (Philippines) Inc, capitalised at 170 million pesos (SSIO
        AFP  -  82 words
      • Article
        Lock icon Samsung acquires US chip-designer
        52 8 AFP SEOUL South Korea's Samsung Electronics Co has acquired American chip designer Integrated Telecom Technology Inc and two chip-related patents for US$9 million (SS 13 million). Samsung Electronics, the largest chip-maker in South Korea, yesterday signed the purchase agreement with the Mary-land-based firm, a Samsung spokesman
        AFP  -  52 words
      • Article
        Lock icon Huaneng Power gets nod for expansion
        58 8 Reuter HONGKONG Chinese enterprise Huaneng Power International Inc won state approval for the second-phase expansion of its Fuzhou Power Plant in December, the company said yesterday. A number of other projects have also been approved, including the expansion of its Nantong Power Plant. The
        Reuter  -  58 words
      • Article
        Lock icon Enron, Reliance in methane project
        58 8 Reuter BOMBAY India's Reliance Industries Ltd and Enron Corp of the United States have jointly submitted a US$l.2 billion plan to the government to tap coal-bed methane in the Indian states of Madhya Pradesh and Orissa, the Economic Times newspaper said yesterday. Reliance and Enron
        Reuter  -  58 words
      • Article
        Lock icon HK shoe maker lifts net earnings by 40% to HK$616m
        398 8 Bloomberg Business News HONGKONG Yue Yuen Industrial (Holdings), a manufacturer of athletic shoes for companies like Reebok and Nike, yesterday said its net profit climbed 40 per cent in the year ended Sep 30 on higher sales of footwear and
        Bloomberg Business News  -  398 words
      • Article
        Lock icon Merrill Lynch to lay off 180 staff from all levels
        294 8 NYT NEW YORK Sounding what could be an ominous note for the new year on Wall Street, Merrill Lynch Co, the country's leading underwriter of stocks and bonds, said on Thursday that it planned to lay ofT 180 employees in
        NYT  -  294 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        642 8 feud Voy N> By* frrraal Pgrtw Wwgl Voy Ni B«1h Amval Poparlun Ira Part "maul 001 poia amis* 0101/2300 Batan Stfcna 12 alongside 0/01/0300 Uaon Ml P03 Jonpk 0(01/1400 Bonanza 9501 8,9 akxvside 0/ 01 0800 Uttui Nawe 02WB POM Jtonpde 0101/0(00 CaMes Eicefcnce >1 112 *xigs«le
        642 words
      • Article
        CONTAINER SCHEDULES
        1514 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Batancc Rstts Ship Voy No Etb/Btr Period From To From Aa h* 220* 08/0400 18 06/1500 06 1659 06/1900 3 07/0700 07/1159 07/1400 4 07/1200 07/1459 07/1700 Vj 9UT 5503 08/0600
        1,514 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Ghosts of the past back to haunt Hongkong bond sales
        594 9 Bloomberg Business News HONGKONG Hongkong's corporations, some of the more financially sound, cash rich companies in the world, can't convince bond investors they're a good risk. A string of debt financing disasters between October 1993 and October 1994 by some
        Bloomberg Business News  -  594 words
      • Article
        Lock icon Yuan seen gaining against other currencies
        165 9 KnightRidder HONGKONG China's yuan will gain at a "stable" pace against foreign currencies for the next few months, but wider fluctuations arc expected by the end of the year, the ofllcial Xinhua news agency reported yesterday. The yuan has edged steadily higher against the
        Knight- Ridder  -  165 words
      • Article
        Lock icon British banks want to know identity of derivatives players
        496 9 Reuter LONDON British banks are squaring up to force fund managers to disclose the names of their clients in a move to identify who foots the bill if someone defaults in a derivatives contract. "Some hedge funds are very volatile and
        Reuter  -  496 words
      • Article, Illustration
        Lock icon Philippine central bank vows to curb peso speculation
        280 9 Reuter MANILA Philippine Central Bank governor Gabriel Singson has warned foreign exchange speculators that the government will not hesitate to use its powers to prevent any wild fluctuations in the pesodollar trade. "The Central Bank will see to it that the speculative
        Reuter  -  280 words
      • SMALL CHANGE
        • Article
          Lock icon BOJ bought US$27b in '94: report
          76 9 Bloomberg Business News TOKYO The Bank of Japan bought an estimated US$27 billion (5539.2 billion) last year to support the US currency against the yen in the foreign exchange market, the Nihon Keizai newspaper reported. During the year Japan's foreign currency reserves rose by
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Stanchart to absorb global debt unit
          63 9 Bloomberg Business News LONDON Standard Chartered Pic said it will integrate its global debt capital markets division into its main bank, Standard Chartered Bank. The capital markets division, which employs 200 people worldwide and operates primarily in Hongkong, will allow the London-based bank to
          Bloomberg Business News  -  63 words
        • Article
          Lock icon Lloyds moving Tokyo forex operations
          86 9 Reuter TOKYO The Tokyo branch of Lloyds Bank Pic will soon move its Tokyo foreign exchange operation to Sydney, sources said. They said the British bank appears to be withdrawing from Tokyo, partly due to reduced currency market liquidity. Dealers said the action is seen
          Reuter  -  86 words
        • Article
          Lock icon CME to start yen forward contracts
          43 9 Bloomberg Business News CHICAGO The Chicago Mercantile Exchange announced today it will begin offering Japanese yen currency forward contracts next week. The yen joins the contracts in deutsche marks and British pounds the exchange introduced in September.
          Bloomberg Business News  -  43 words
        • Article
          Lock icon KDB to lead manage Chinese loan
          37 9 Reuter SEOUL South Korea's Korea Development Bank (KDB) said it has been mandated to lead manage a US$5O million (5572.6 million) syndicated loan for The State Development Bank of China. Reuter
          Reuter  -  37 words
        • Article
          Lock icon Russia central bank ups discount rate
          44 9 AFP MOSCOW Russia's central bank announced yesterday a 20point hike in its discount rate to 200 per cent. The move was aimed at curbing an inflationist trend and the accelerating fall in the value of the rouble. AFP
          AFP  -  44 words
        • Article
          Lock icon Mitsui to start brokerage unit
          35 9 Bloomberg Business News TOKYO Mitsui Trust Banking will set up a brokerage subsidiary this year, becoming the fourth Japanese trust bank to enter the securities business, a spokesman said. Bloomberg
          Bloomberg Business News  -  35 words
      • Article
        Lock icon China to renew oil processing contracts in Singapore
        378 10 Reuter SINGAPORE China will renew its processing deals in Singapore despite poor margins over the last year, when product prices did not keep up with gams in crude prices, Chinese industry sources said. "We will not lessen our processing volume in 1995
        Reuter  -  378 words
      • Article
        Lock icon Non-OECD energy use doubled in 1970-92: study
        220 10 Bloomberg Business News WASHINGTON Energy demand more than doubled between 1970 and 1992 in countries outside the Organisation for Economic Cooperation and Development (OECD), according to a study by the Energy Information Administration (EIA). During the same period, non-OECD carbon emissions also almost
        Bloomberg Business News  -  220 words
      • Article, Illustration
        Firm start for greenback
        437 10 DBS Bank weekly currency review US$/DM: Favour test of 1.5230 if 1.5730 intact The greenback started the year on a firm note, trading from last year's close of 1.5490 to hit 1.5625 on Wednesday. But it gave up all its gains on Thursday when it touched
        437 words
      • Article
        Lock icon Chinese cotton production key to US exports
        336 10 Reuter SAN ANTONIO, Texas The volume of China's cotton production will determine if that country is a net exporter or importer next season, said Carl Anderson, cotton marketing specialist with Texas A&M University. "Whether China will be a net exporter or importer of
        Reuter  -  336 words
      • Article
        Lock icon Market talk boosts sugar futures prices
        309 10 London LONDON Speculation about renewed Chinese and Indian purchases of physical sugar is driving futures prices to new highs and helping to deter other buyers, traders said. "There is not much reported offtake going on right now because the futures market has become so
        London  -  309 words
      • Article
        Lock icon Petrochemical producers gear up for boom in Asia-Pacific region
        327 10 Reuter SINGAPORE Investors in the petrochemical industry, which has recovered from a recent slump, arc gearing up to meet an expansion in demand in the Asia-Pacific region, industry sources said here on Thursday. Petrochemical outfits in Japan and South Korea and
        Reuter  -  327 words
      • Article
        Lock icon Oil up as refiners buy North Sea crude
        299 10 ENERGY REPORT Bloomberg LONDON Brent crudc oil futures extended a two-day, 2.3 per cent rise as refiners bought North Sea crudes to cover their requirements for the second half of the month. Futures were also lifted by the continued strength of US
        Bloomberg  -  299 words
      • Article
        Lock icon Currency reports: London
        188 10 Reuter LONDON The dollar was subdued in early morning dealings as dealers awaited the US labour report to set the market's tone for the next several weeks. December non-farm payroll data are crucial for the dollar as it will be used to determine the extend and timing
        Reuter  -  188 words
      • Article
        Lock icon New York
        89 10 AFP NEW YORK The dollar was up in busy early Wall Street trading yesterday boosted by technical factors. The ounce of gold meanwhile lost 10 cents from its Thursday close to U*****.30. Shortly after trading opened, the greenback was at 1.5570 marks against 1.5510 at Thursday's close and
        AFP  -  89 words
      • Article, Illustration
        Untitled
        1607 10 I rode urtfhlaf index < ak tilau-d a*ain\l S'pure j lap 14 trading partner* flaw rnr 1983 US5/S* forward rates Noon Jan 6 SS Bid Oder 1-month 1 4485 1 4500 2-month ***** 1.4478 i-month 1.4442 1.4457 6-month 1.4390 1.4410 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9aa m1h(:
        1,607 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Japan govt bonds fall in light trading
        1282 11 SIMEX REPORT Reuter SINGAPORE Simcx Japanese government bond (JGB) futures finished the week on a softer tone yesterday. with most dealers reluctant to trade ahead of the weekend. Dealers said volume was thin as many were sidelined ahead of the US payrolls and
        Reuter  -  1,282 words
      • Article
        Tokyo rubber continues bull run
        664 11 COMMODITY REPORTS Rubber IOKYO: Rubber futures closed higher, after dipping on a late bout ol profit-taking which emerged as prices surged on continuing bullish sentiment. Prices ranged from 3.9 to 5.9 yen per kg higher, with benchmark June ending 3.9 up at 161.6. Spot January
        664 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Germany grinding less cocoa beans
          87 11 HAMBURG A reduction in the amount of cocoa beans ground in Germany in 1994 was probably due to shrinking chocolate exports to Eastern Europe and the European heat wave last summer which curbed the German appetite for chocolate, trade sources said. German cocoa grindings in
          87 words
        • Article
          Ukraine removes export quotas
          121 11 MOSCOW Ukraine on Jan I scrapped all export quotas, except those for grain, in an effort to encourage foreign trade, officials at the country's Ministry of Economics told Interfax. Exports of coal, precious metal scrap and waste, metals plated with precious metals, iron and ferrous and
          121 words
        • Article
          Tajikistan tightens aluminium exports
          110 11 MOSCOW Tajikistan will take full control of its aluminium exports in 1995 under a special decree signed late December by Emomali Rakhmonov, the country's president, Interfax news agency reports. Rakhmonov decreed that the Tajik Aluminium Smelter the country's sole primary aluminium producer will have monopoly rights
          110 words
      • Article
        COMMODITY PRICES
        1427 11 Rubber jan 6 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pm) lujjm lilTux As at 12 noon (S cents/kg) RSS 1 Contract (S cents/kg) Ck Volume *55 J} 234.00 235 OON Month High Low Sett (tonnes) Interest RSS 3 Fcb 95 233 00 2M °°N RSS
        1,427 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1087 12 -2.1 SHARES closed down for the fifth consecutive day on quiet trade with pressure from international markets, a flat domestic bond market and economic concerns sidelining buyers. The key All Ordinaries Index fell 1.8 points to 1.867.7. while the All Industrials Index finished 2.1 down at 2,717.1 and the
        1,087 words
      • Article
        Manila
        629 12 +26.85 Share prices surged nearly one per cent yesterday as the success of the country's biggest land auction rubbed off on the stock market. The PSE Index gained 26.85 points to close at 2,756.22. Turnover was 2.64 billion shares valued at 1.15 billion pesos. With trading in all 17
        629 words
      • Article
        Taipei
        558 12 -132.18 Stocks plunged across the board yesterday as investors took profits, with all eight major categories of shares suffering losses. The 413-issue Weighted Price Index dropped 132.18 points to settle at 6,919.31. Turnover was 1.92 billion shares worth NTS77.19 million. "Since market leader textiles dropped extensively, many investors rushed
        558 words
      • Article
        Seoul
        490 12 -0.74 Share prices ended down for the fourth consecutive day amid weakened investor sentiment due to recent heavy falls. The Composite Price Index edged down 0.74 point to close at 975.32, with 50.9 million shares worth 1.02 trillion won changing hands. Falls beat rises 494 to 302 with another
        490 words
      • Article
        New Zealand
        328 12 +2.1 Share prices closed firmer after being down in the morning and having fallen on each of the first two trading days of 1995. However, trade continued to be sluggish. The NZSE-40 Capital Index ended 2.1 points stronger at 1,903.53 having dipped below the psychological 1.900 level in
        328 words
      • Article
        Bombay
        87 12 -61.79 Stocks continued their weeklong fall as political uncertainty, along with greater interest in the primary markets, kept investors away from the stock markets. "With the political situation uncertain, nobody sees the market going up anytime soon, so they are staying out," said an analyst. He predicted that the
        87 words
    • WORLD STOCK MARKETS
      • Article
        London
        794 12 ->-32.7 stocks rose for the first time this week, amid a rebound in drug and drink stocks on hopes they will benefit from international economic growth in 1995. British Airways led the advance as passenger numbers rose. Analysts said stocks such as Hanson, Glaxo and British Telecom offer a
        794 words
      • Article
        Paris
        185 12 +14.87 French shares finished higher, primarily on shortcovering, but dealers said the mood remained bearish. "People we're talking to are in no hurry to buy," said one trader. "We're still within striking range of the 1,880 support level, through which the market fell on Thursday." The CAC-40 Index closed
        185 words
      • Article
        Frankfurt
        175 12 +4.28 German stocks rose amid gains in car and engineering shares, which investors expect to record good earnings growth. Shares such as DaimlerBenz and Siemens boosted the DAX Index of 30 leading German stocks from the lows it fell to on news of a smaller-than-expected US unemployment rate. "People
        175 words
      • Article
        Brussels
        182 12 +8.29 Belgian closed higher, led by insurers and banks, amid signs that the government is succeeding in reducing its budget deficit. The Bel-20 stock Index rose 8.29 points to 1.391.22. It was the biggest one-day gain since Dec 22 and took the index to its highest close since Dec
        182 words
      • Article
        Amsterdam
        319 12 +0.49 Dutch stocks closed higher for the third time this week, as stocks rebounded from their lows because the dollar rallied after the US government said its December jobless rate dropped to a 4Vi year low of 5.4 per cent. "US unemployment reversed the feeling in the market," said
        319 words
      • Article
        Zurich
        261 12 +9.2 Swiss stocks closed higher, making up earlier losses, as investors sought out Nestle, Swiss Bank Corp and Union Bank of Switzerland. The SMI Index of 23 stocks rose to 9.2 points to 2,622.3, with 12 stocks rising, three unchanged and eight falling. The SPI Index rose 1.54 to
        261 words
      • Article
        Johannesburg
        300 12 +17.2 South African shares finished mostly better yesterday following recent declines, but golds ended off highs on nervousness ahead of the weekend and gold's failure to extend overnight gains, dealers said. London share gains and a weaker finrand offered support on the day. The Overall Index closed 16.5 points
        300 words
      • Article
        Toronto
        313 12 -8.08 Stocks softened in auiet early dealings on softness in US bonds, but traders expect the session to be largely quiet. "It's very quiet. We're caught in a trap here." said one trader. "We're stuck with what's going on in the US everybody waiting For rates and trying to
        313 words
      • Article
        New York
        737 12 +6.06 The Dow Jones Industrial Average, which retreated 6.73 points on Thursday, was ahead 6.06 points to 3,856.98 at Ham EST. The key barometer was down 5.72 points shortly after the market opened. The NYSE Composite Index was ahead 0.05 to 251.44, while Standard Poor's 500-stock Index was
        737 words
      • Article
        Untitled
        640 12 Stockholm Jan 5 Skr Asa 552 00 6 00 Astra 194 00 f I 50 Atlas C opco 00 -O 50 EncMon Tel LM AB B 41J 00 I 00 Esati WOO S-EBanken 40 20 +0 10 SHE 126 00 I 00 Sandtik 123 50 -0 50 Skjndia IJ2.50 2.50
        640 words
    • Article, Illustration
      Lock icon HONGKONG
      2973 13 Bloomberg Business News HONGKONG Stocks tumbled nearly 3 per cent to a 16-month low yesterday amid concern that property prices in the territory will continue to slide. Property developers Wheelock, Wharf and Sun Hung Kai Properties slumped after several real estate companies, including Cheung Kong, cut the prices of
      Bloomberg Business News; Source: Bridge Info  -  2,973 words
    • Article, Illustration
      Lock icon CHINA
      601 13 CLSA SHANGHAI B shares shed another 1.2 per cent to complete its first week of trading in 1995 with a continuous decline. Turnover stood at US$l.B3 million. Wing Sung dropped by a substantial 42.7 per cent to its normal price level before the year-end windowdressing exercise. Phoenix Bicycle lost
      CLSA  -  601 words
    • Article, Illustration
      Lock icon TOKYO
      2508 13 Bloomberg Business News TOKYO Stocks yesterday fell to their lowest level in more than two weeks amid concerns that textile makers will face stifFer competition from abroad and broking firms will suffer from a decline in trading volume. The double-punch has erased nearly one-third of the gains the Nikkei
      Bloomberg Business News; Source: Bridge Info  -  2,508 words
    • Article, Illustration
      Lock icon BANGKOK
      1766 13 Reuter BANGKOK Stocks closed lower yesterday on light selling in leading sectors, including banks, property and finance, buffeted by the falls of most regional markets. The SET Index closed 10.75 lower at 1,363.10 points on turnover of 3.89 billion baht. Falls led rises by 193 to 94 with 100
      Reuter; Source: Bridge Info  -  1,766 words
    • Article, Illustration
      Lock icon JAKARTA
      1129 13 Reuter JAKARTA Stocks finished higher at the close, led mainly by consumer stocks. Brokers said the budget seemed to have benefited consumer stocks through lower income taxes and increases in civil servants' salary which will increase disposable income. Infrastructure stocks such as Indocement and United Tractors were also well
      Reuter; Source: Bridge Info  -  1,129 words
    • Article
      CLOB INTERNATIONAL
      2421 14 b <.r IW4/*5 LM Vol Day lot (>Xr IH> IN* U Nrt M C ap High Uo Sate (WO) High lo» Bayer Seller <>T S P/K Smil MALAYSIAN STOCKS 398 160 m MSB 50c 271 id *1 179 275 271 271 273 3.0 -2.9 ftJ 27* 206 105
      2,421 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Fears of US interest rate hike keep buyers away
        6433 14 Bloomberg Business News KUALA LUMPUR Stocks fell yesterday on concern that US authorities may raise interest rates later this month, luring investors out of stocks in search of higher returns on bonds or savings accounts. "There's only one key factor in
        Bloomberg Business News; Source: Bridge Info  -  6,433 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8123 15 I.r I.r M Wt I9W»* Last Vol D»> liM Oolt Di» Di» YM Net Ca# A.g High Low Com pant Sale i'OOO) Hick lx» Ba>« Seller C«r P'E tail Pric* INDUSTRIAL AND COMMERCIAL 720* 417 5* nil Xciu 50c 480 6 ISO 410 472 474 4*0 8 8 4.7 0.9
        8,123 words
      • Article, Illustration
        Lock icon Falls in Hongkong, Malaysia drag local prices down
        1928 16  -  By R Sivanithy SINGAPORE Weakness in Hongkong and Malaysia spilled over to the local stock market yesterday, dragging the Straits Times Industrials Index closer to its 2,200 support. Observers said also influencing sentiment was caution ahead of yesterday's release of US employment
        Charts by Bridge Info; Source: Bloomberg  -  1,928 words
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      379 6 NEWS VALUE Salim-backed group clinches coveted Asian property deal <Pg I) Philippine properly scene likelv to hot up in the next few years. Ministry acts to plug loophole in COE rebate scheme (pg I) More downward pressure on COE prices as well as share prices of car distributors can be
      379 words
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      109 7 International Stockbrokiho We are a dynamic and growing regional stockbroking and financial services group, active in Asian equity markets. Our clients are major international fund managers and financial institutions. Institutional Sales We intend to further expand our sales team by hiring experienced professionals with strong fundamental background in the Singapore/Malaysia
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      637 9 V;.> -v.'' vV f > •v. i v v;>r N 'v '•<.,-> v i't /"*s/ k >•* *2* 'IB U I NESS TIMES LIFESTYLE EXCLUSIVE x •%V "a V -S'V-V V ina Viennese castle Yours, if you excel in tliis month's Business Times Lifestyle Exclusive contest. Does the mere bint*of
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      631 11 TOLL-FREE TEL. No. <-600-741-1883 FAX:74I-1236 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UNITED VEGETABLE OIL CO (PTE) LTD (In Creditors' Voluntary Liquidation) At an Extraordinary General Meeting of the above company duly convened and held at 151 Yio Chu Kang Rd, Singapore 1954
      631 words
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      Page 11 Advertisements Column 2
      32 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ,wgg HRTfRTf/il^H l 1 Call 1800- 737-1166 J acting ad. |CAXa| J
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      26 13 STRAIGHT TALK 1 You shouldn't have to read between the lines if to get the full picture. Companies Markets. Everyday. %SIJ«OAPC*£# f 1 Business Times WOOTjUH
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      72 15 Our auto listings won t steer you to The Straits Times A'wO m Classified for the best T wrong deals on wheels. [cata] jmdll SINGAPORE Business Times WE KNOW ASIA Address Mail or fax this form to: Postal Code: jjMEagj^ Customer Relations Section Circulation Department ij§p Singapore Press Holdings Limited
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      277 16 MFBline In English Number Horoscopes (Daily) 8450 The Capricorn Career A Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Bamboo Paradise; Win Prizes! Children's Funland 8453 Round The Mulberry Bush Face Facts 8454 Face Shape Dreamland 8455 Fandi Ahmad A Swimming Dreams; Don't
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      24 16 B__y_S_XJj ESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 AD-UB Candid views from people in the news. Conversations At Raffles. Every Other Saturday. Business Times
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      289 16 NOTICE Please be informed that Mr Vincent Tan Choo Pin, NRIC *****81/1 of Block 160 Tampines Street 12, *09-105, has resigned from service with Elmar Engineering Services Pie Ltd with effect from 31 December 1994. He ceases, with immediate effect, to have any authority or permission to transact/ negotiate any
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      The heights of luxury
      980 17  -  Jenny Lam takes a look at some of Singapore's top condominiums and the trimmings that come with them Jenny Lam THE ADAGE "a man's home is his castle" is getting a new twist for residents of luxury condominiums who can literally live like royalty. Over the
      980 words
    • STRAWS IN THE WIND
      • Article
        The bald truth
        37 17 A BUSINESSMAN was told he was suffering from "the HIV syndrome". This has nothing to do with Aids. Within his circle of balding friends, HIV is also short for the Hair Is Vanishing syndrome.
        37 words
      • Article
        After-sales service
        39 17 TALK about diversifying your business. This handwritten shop sign was spotted in the Havelock Road vicinity: "Furnishing and Design Consultant. Bone Injuries and Related Pactise (sic)". Maybe the injuries come from falling off the furniture they design?
        39 words
      • Article
        Home alone
        67 17 DID YOU hear about the dog in New Zealand who couldn't read? Its owners had to leave the mutt alone over the Christmas holiday but left enough food for five days in bowls labelled Monday to Friday. The dog gobbled down all the food by Tuesday and started
        67 words
      • Article
        Unfamiliar favourite
        35 17 OVERHEARD in a Chinese restaurant: "You want suck fin?" The patron looked at the waitress uncomprehendingly as she kept asking this. He should have guessed it was her way of saying "Shark's fin".
        35 words
    • OPINIONS
      • Article, Illustration
        When the earth heaves and shakes
        801 18  -  LETTER FKCM TOKYO Think you're safer in a low building than a skyscraper during an earthquake? Think again ANTHONY ROWLEY The writer is Bl's Tokyo Correspondent Anyone who has not experienced an earthquake from the top floor of a high-rise building in Tokyo hasn't
        801 words
      • Article
        Long wait for warrants certificates
        248 18  -  LETTERS TO THE EDITOR Denis Distant COULD the authority concerned please tell me why when the stock market is in the doldrums and perhaps 99 per cent of listed companies' shares are scripless it takes 30 "market" days to process a certificate for Jack Chia-MPH
        248 words
      • Article
        Reforms in India have come to stay
        339 18  -  Zubin Kabraji Confederation of Indian Industry (S-E Asian Rep Office) Singapore 0923 I REFER to The Bottom Line column in your newspaper on Dec 16, 1994 headlined "Congress setback puts India's reforms in danger" by Prem Shankar Jha. There seems to be considerable
        339 words
      • Article, Illustration
        Maid-picking can be heart-rending
        725 18  -  Some questions went through the mind of Ang Peng Hwa while he was choosing a maid Ang Peng Hwa Dr Ang teaches at a local university NO ONB told me that it would be that sad to choose a maid. The newspaper advertisements certainly do not
        725 words
      • Article
        Golden tower or white elephant?
        966 18  -  Peter Lynch examines the controversy surrounding a Melbourne property tycoon's plan to put up the world's tallest building Peter Lynch The writer is a Sydney-based journalist who contributes to BT THE CITIZENS of Melbourne have always considered themselves something of a race apart in Australia.
        966 words
      • Article
        How old dogs can beat young pups
        692 18  -  Neville Stack gives veterans some tips to hold their own against upstarts Neville Stack The writer is a political commentator based in London. He writes regularly for BT. NO MATTER how young you are. there is always going to be some up-and-coming whipper-snapper
        692 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon In the service of his country
        2252 19  -  THE RAFFLES T^onversation As interim premier in 1991-92, Anand Panyarachun worked hard and successfully to restore the stability and image of Thailand. He outlines the challenges facing his country today and tells Margaret Thomas why he is confident that it will stay on the
        Photo by Chris Loh  -  2,252 words
      • Article
        Thai-style adhocracy
        789 19 THERE'S a dry, almost selfdeprecating kind of humour in the way Anand Panyarachun talks about his country. But press him too hard on Thailand's problems and he can show some impatience, and he might decide, good-naturedly but firmly, to put you in your place. Such as if you
        789 words
      • Article
        The practical democrat
        603 19 SOMEWHERE between Lee Kuan Yew and the Western interpretation of democracy that's where Anand Panyarachun places himself as a democrat. "I'm a liberal democrat. I believe in openness. I believe in transparency. I believe in honesty, I believe in justice, social justice. I believe in efficiency. I
        603 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Jan 9-13)
          543 20 Those polled on their views of the Singapore stock market tor the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, DBS Securities, Fraser Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell, Nomura Research Institute. Ong Co, Peregrine Securities. Phillip Securities, SBS HG Asia,
          543 words
        • Article, Illustration
          In my opinion...
          368 20  -  Andy Tan General manager/economist VIMS International of Standard Poor's OR the discerning rH investor, foreign a. currency would probably appear at the bottom of the list of preferred vehicles. And that would hardly be surprising. For the general perception is that the Singapore dollar will continue to
          368 words
      • Article, Illustration
        YHS, Inno-Pac set for a sea change
        818 20  -  THEWKK By Joyce Quek HO HUM, fears over a US interest rate rise have dominated the bourse this week again. And such concerns have made trading listless again. Trading in Jardine group shares is not going to be the much-hoped-for volume booster they
        818 words
      • Article
        Year of the Boar may also be Year of the Bore
        769 20  -  Schutz Lee tries to read the ominous clouds hanging over China's horizon Schutz Lee FORGET about trying to stifle a yawn looking at China's stock markets this year. For foreign investors, 1995 may turn out to be the "Year
        769 words
      • Article, Illustration
        Lock icon 50 new listings may bring some new year cheer
        861 20  -  Eve on the region Alan Boyd believes the Thai bourse should ride an investment wave once rate hike fears ease Alan Boyd The writer is Bis Bangkok correspondent A SLATE of new listings will add holiday cheer to the subdued Thai
        Source: Bridge Info  -  861 words
      • Article, Illustration
        1995's best bets across the Causeway
        1224 21  -  Elaine Koh reports on what Malaysian brokerage Zalik Securities believes will be the year's hot stocks Elaine Koh FOR MALAYSIAN equities, the name of the game in 1995 is earnings. A lack of liquidity is likely to put a lid on the KLSE in
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      • Article
        Lock icon For better or for worse, through thick and thin
        987 21  -  James Glassman explains why it is essential to decide on one stock strategy and stay with it James Glassman The Wash ington Post INVESTORS I chief problem ~M. and even his worst enemy is likely to be himself," wrote the late
        The Wash ington Post  -  987 words
      • Article, Illustration
        Moving up to a downsized apartment
        1043 21  -  Tan Su Yen finds out if Singaporeans are prepared to swap space for style Tan Su Yen IN 1986, secretary Marguerita Minjoot bought a 700-square-foot studio apartment in Bayshore Park, only to wonder what she'd got herself into. "I was terribly excited when I
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    • Article, Illustration
      Survival strategies
      776 22  -  Cinema Reviews By SUSAN TSANG HIS real name is Michael, but people call him Fresh. His nickname may sound light and breezy, but he is hardly that. Nor is he as innocent as his name implies. Fresh is a 12 year old who lives in an inner city.
      776 words
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      A singularly drippy affair
      683 22 THERE'S something those family sitcoms never told you Middle America actually has no access to television. At least, that's what Milk Money, a singularly useless comedy, would have us believe. So when Frank and his two chums get curious about sex, the suburban 12 year olds
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      Christmas Island excursions Christmas Island excursions
      759 22  -  Travel By AGNES WEE CHRISTMAS is over, but not at Christmas Island, where every day is like a holiday. Like Iceland and Greenland, Christmas Island is somewhat of a misnomer. Try as you might, you're not going to find Christmas trees or snowmen, let
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      Quiet excellence from: the Boulevard Beemer Quiet excellence from: the Boulevard Beemer
      965 22  -  Motoring By SAMUEL EE YOU COULD say the new BMW 7-series has been styled a little conservatively, compared to its predecessors. Back in 1977, the first generation 7 left more than a ripple as it sliced through the
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    • Article, Illustration
      In search of homo sovieticus
      782 23  -  Book Review By SUSAN SZARKOWITZ Imperium By Ryszard Kapuscinski Alfred A Knopf $62, 331 pages RYSZARD Kapuscinski tackles the most massive of topics in Imperium a record of journeys, taking place over five decades, across the Soviet Empire in search of homo sovieticus. During his
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    • SPORTS
      • Article
        Lock icon 47 M'sian players confess to match-fixing: report
        433 24 AP AFP KUALA LUMPUR At least 47 soccer players have reportedly confessed that they were involved in match-fixing and bribery in the biggest sporting scandal to hit Malaysia, a newspaper said yesterday. The New Straits Times said the confessions were made in written
        AP; AFP  -  433 words
      • SCORE CARD
        • Article
          Lock icon Asian Games
          118 24 AFP BANGKOK The Olympic Committee of Asia (OCA) has agreed to postpone a planned trip here to check Thailand's preparations for the 13th Asian Games while the Thai government decides where to build a sports complex. OCA president Sheikh Ahmad A 1 Fahad A 1 Sabah and a
          AFP  -  118 words
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          Lock icon Basketball
          36 24 Reuter NEW YORK NBA games played on Thursday: Miami 114 Minnesota 91; San Antonio 104 Utah 103; Houston 108 Dallas 99; Milwaukee 111 Golden State 103; LA Clippers 95 Philadelphia 93; Sacramento 94 Detroit 88.
          Reuter  -  36 words
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          Lock icon Athletics
          107 24 AP BEIJING Most of China's top women's long-distance runners, including two-time world-record holder Wang Junxia, have left the training base set up by their controversial coach, Ma Junren, a sports official confirmed yesterday. The official at the Liaoning Athletic Skills School in Shenyang, the capital of Liaoning province, said
          AP  -  107 words
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          Lock icon Tennis
          89 24 AP AP ADELAIDE Australian Hardcourts championships yesterday. Singles Quarterfinals: Mark Woodforde (Aust) bt Yevgeny Kafelnikov (Rus) 6-3, 7-5; Jim Courier (US) bt Thomas Enqvist (Swe) 6-2, 6-4; Richard Krajicek (Neth) bt Patrick Rafter (Aust) 6-4, 7-6 (7-4): Arnaud Boetsch (Fra) bt Hendrik Dreekmann (Ger) 6-3, 6-4. AP PERTH Hogman
          AP  -  89 words
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          Lock icon Weightlifting
          74 24 Reuter BEIJING Beijing officials said yesterday they were investigating charges that two women wcightlifting world champions had tested positive for banned substances, the latest disgrace to tarnish China's athletes. An official had earlier confirmed that Li Dan, gold medallist in the 83kg snatch, and teammate Wang Sheng. who shared
          Reuter  -  74 words
      • Article
        Lock icon Russian top seed Kafelnikov falls to Aussie favourite
        332 24 Reuter AP ADELAIDE Top seed Yevgeny Kafelnikov crashed out of the Australian men's hardcourt championship at the hands of local favourite Mark Woodforde on a wind-affected day at Memorial Drive yesterday. Woodforde coped better with the tricky conditions to beat the Russian
        Reuter; AP  -  332 words
      • Article, Illustration
        Lock icon Miami Heat proves too hot for Minnesota Timberwolves
        526 24 Reuter MIAMI Glen Rice scored 24 points and Kevin Gamble had 12 of his 14 in the second quarter as the Miami Heat raced to a 114-91 victory over the struggling Minnesota Timberwolves. Billy Owens registered his first career triple-double with 19
        Reuter  -  526 words
    • PEOPLE
      • Article, Illustration
        Cooking up some romance
        229 24 CORPORATE cocktails are a common happening for hotels, but for the Christmas season, ANA Hotel not only hosted a get-together for corporate and other special guests, it also treated them to a concert by crooner Engelbert Humperdinck at the Harbour Pavilion. The hotel's guests not only
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    • TIME OFF
      • Article, Illustration
        Underground attractions
        565 25  -  Corinne Kerk admits she's seduced by the newest nightclub in town while Shahiron Sahari meets the people behind it all Corinne Kerk THE FIRST thing that strikes you upon entering Ka is a vague feeling that you've just stepped into a cave. Then you realise that caves don't
        565 words
      • Article
        Experimenting with moods and senses
        525 25 KA CAME about, said Tan Lee-Nah, one of its directors, because of the impersonality of the current nightclub scene. "Clubs like Studebakers, Sparks and so on are great, but they are also impersonal," said Ms Tan. "Most of the clubs are also so sterile. with
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      • Article
        PERFORMANCES
        140 25 The Nightingale Talk about jailbird blues. Act 3's adaptation of Hans Christian Andersen's tale about how an emperor cages a nightingale in order to hear its beautiful voice. Unfortunately, once in captivity, it refuses to sing. Today and tomorrow: 2.30 pm and 7.30 pm (with an extra 10.30 am
        140 words
      • Article
        CONCERTS
        294 25 Anniversary Concert Choo Hoey leads the SSO in this concert featuring Patricia Shih on violin. They perform Paganini's Violin Concerto No I and Rachmaninov's Symphony No 2. Jan 13 and 14, 8.15 pm at the Victoria Concert Hall. Tickets at 56, $10, $14. $20 and $30 available from Sistic
        294 words
      • Article
        FILMS
        273 25 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 world
        273 words
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        EXHIBITIONS
        661 25 IPC Computer Fair The latest and greatest in hardware andsoftware. Today and tomorrow, at Marina Square Level 2. The Art of Krijono This exhibition features various works by the Indonesian-bom artist. Until tomorrow, at Notices: The Gallery, Four Seasons Hotel. Admission is free. Hovercraft *95 The new range of
        661 words
      • Article
        TALKS/COURSES
        208 25 The Evolution of Blue and White during the Yuan and Early Ming Prof Zhang Pusheng. a renowned authority on the above subject, will present this talk-cum slide show. In Mandarin with English translation. Jan 11. 8 pm at the National Museum Lecture Theatre. Admission is free. Life in a
        208 words
      • Article
        MISCELLANEOUS
        127 25 Megabugs at the Libraries Not content with just taking over the Science Centre, this exhibition on exoskeletals has decided to tour the libraries as well. Coming soon to a library near you. Today: 2.30 pm at the Marine Parade Branch Lecture Hall. Jan 21: at the Queenstown Branch Auditorium.
        127 words
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        AT THE SUBSTATION
        229 25 A DouMeMI Two plays one in English (Quick Death to Infinity) and the other in Malay (Masa) presented by Teater Artistik. T(xlav and tomorrow, 7.45 pm at the Guinness Theatre: with a students' matinee at 2.30 pm today. Tickets at $12 (students' matinee: $6). Inside Three Worlds
        229 words
      • Article
        TICKETING
        143 25  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza. Junction 8. 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
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    • EPICURE
      • Article, Illustration
        Lock icon Room for originality
        709 26  -  What's cooking at Tanglin Mall? Jaime Ee checks out the food at the other end of Orchard Road Jaime Ee I NEVER thought that the sight of baby M&M candies couid be so exciting. Or couscous. Or hominy. Or oilpacked vine leaves and raspberry vinegar. Imagine. Supermarket
        Photo by Chris I.oh  -  709 words
      • Article
        What's ready for drinking this year
        664 26  -  Wine By N K YONG SUDDENLY, overnight, all vintages are a year older, one year nearer to maturity or senility. The *****, now II years old, are surely nearing the age of consent your consent to open them. And in the same vein of
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    • Article, Illustration
      CINEMA
      1037 28 A Woman Scorned. A deserted wife insinuates herself into the family of the guy who set up her husband with the woman he ran away with. Midnight tonight at Jade. Blade Runner: The Director's Cut Ridley Scott's version gets rid of the voiceover and the epilogue as Harrison Ford's
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      161 17 ■■WTRra /A '^P*PP^' L* 1 111 A -rj -JifF Jjj 'j tPI; v.dj 73 7 ci f'- M* J-« w JKI w m Avaibbte e*clu*ive«y; SINGAPORE: Burberry. Bmnm|mk 435 Orchard Road. «02-42. WHma Atria. Singapore 0923 Tel: 735 7113. 391 Orchard Road, #01-10 Takashimaya S.C. Singapore 0923. Tet 735 1283
      161 words
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      25 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your contact numbers.
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  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      74 18 «v/NO- IT'S si(s feGINRLD £V£(?Y held Tube's a A 7£s§,S^ lS ljiuu do ms duty FuBG FLV"NG OVQ? S!ruS^ Tee PeRRy J jN'GHT JIJQ STftFP C^v ~1-r™ rj -J Slf? R£G>irtFMD'S >T'.£ THegc *0% V€PigS.„X i POONESBURY GARRY TRUDEAU P6AR MIKE: HOW "POST OFFICE JOKES REALM "SO COULD PEPCIDSCOME you
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      37 23 v -Zz&Z^k __7 3.1" .Sti. .-.-ii^rp^ J*, y y/ CUSTOM DIRECTORY TOs ''"V g£j COMPANY'S NAME < $2 ADDRESS: UNAME: OCCUPATION: TEL: FAX: CAPITAL CITY PTE LTD. 103 BEACH ROAD. JL22 i-#03-01 PREMIER CENTRE. SINGAPORE 0718. T T
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      273 26 Get Key Info Find out how the recent interestr 1| rate hikes will affect the Big Four M W| I banks'bottomline. \#l I M M > Company Spotlight provides: Key information about the 111 /l I 111 company, including its mA HI I financial position over several §J I J
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      Page 26 Advertisements Column 2
      370 26 WHERE TO WINE, DINE AND ENTERTAIN 1 Olde English Eating House |M Iff 277 Orchard Rd #02-38 Specialists 1 Centre S (0923) I r $2S£ CBD PASS! I ■Jjfl When you spend $25/- or more at Fosters for lunch or afternoon tea from Mon-Sat, show us your valid 1 I
      370 words
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      960 27 Noll ling Beats A Bud. where wine, dine and entertain OK I —an —WS —H —M —WM —Hi MB HE IP The Management Staff Oi g PWsta Fresga Da Salvatore* Ml Customers A New YeSi bM jfr m I PASTA FRESCA DA SALVATORE PTE LTD I •30 Boat Quay, S(0104)(0ptn
      960 words
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      Page 27 Advertisements Column 2
      395 27 Celebrating fish Let's drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of everg imaginable fish recipe. Salmon, sole. snapper, sea bass... If It can be caught. It can be cooked. And we know all the delicious wags. Continental or Oriental stgle.
      395 words
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      2407 28 TODAY'S TV Dive The World. 9.00 Berita Semasa/Topik Se7.30 Berita Nature by cnn News. Memory, 3.05pm, Ch 12 Home Improvement, lpm, Ch 5 Our Choice). K^10.30 Menu. Malay feature about a wealthy Al decides to promote some 830 choice)' 1 <S 11.00 Berita Semasa. businessman who discovers the male bonding
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