The Business Times, 21 January 1995
1995-01-21
1
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The Business Times
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Title Section10 1995-01-21 1 Business Times MITA(P) 194/12/94 Weekend Edition, January 21-22 1995 75'10 words
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Article, Illustration533 1995-01-21 1 R Sivanithy - By R Sivanithy SINGAPORE The sudden resurfacing of US interest rate worries yesterday proved to be the final straw that broke the back of regional stock markets. Most prices closed at pre-1994 levels as an exodus of foreign funds gained momentum. Investors wereSource: Bridge Info - 533 words
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220 1995-01-21 1 Anthony Rowley - From Anthony Rowley in TOKYO THE fall in Japanese stock prices accelerated yesterday, with the Nikkei-225 average losing 235.52 points to 18,840.22 its lowest level since November last year. Analysts said last night the market could soon dip below the psychologically220 words
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431 1995-01-21 1 Lim Soon Neo - From Lim Soon Neo in HONGKONG STOCKS in China, Hongkong and Taiwan fell yesterday as more reports appeared in Hongkong placing China's 90-year-old paramount leader, Deng Xiaoping, nearer his deathbed. The reports ranged from Mr Deng having "been unconscious and431 words
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308 1995-01-21 1 Maggie Ford - From Maggie Ford in JAKARTA SENIOR central bankers from five Asean countries are to discuss coordinated action to deal with any further attacks on their currencies in the wake of the Mexican devaluation crisis at a meeting in Hongkong today. Soedradjad Djiwandono, governor308 words
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75 1995-01-21 1 Reuter MIDLAND Dow Corning Corp said it would take a US$l52 million (*****.2 million) charge to cover the cost of lawsuits over breast implants, and Dow Chemical Co, one of Dow Coming's owners, said it would also take a charge. The charge reflects costsReuter - 75 words
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511 1995-01-21 1 Bloomberg Business News, Reuter WASHINGTON The Federal Reserve Board will increase interest rates in two weeks to slow an economy that is still at risk of overheating, Fed vice-chairman Alan Blinder suggested on Thursday. However, he also noted that the centralBloomberg Business News,; Reuter - 511 words
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Article95 1995-01-21 1 Reuter NEW YORK Wall Street stocks slid lower yesterday as disappointing corporate news and robust housing data stoked fears of inflation and higher interest rates. After losing 47 points on Thursday, the Dow Jones Industrial Average was down another 31.29 points to 3,850.92 atReuter - 95 words
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Article162 1995-01-21 1 Stock market indices Friday Change STII 2.028.61 -52.72 KLSEComp 885.13 -16.59 Nikkei 18.840.22 -235.52 Hang Seng 7.278.10 -143.90 SET Index 1.251.72 -31.63 Jakarta Comp 446.08 -5.71 CLSA China B 829.48 -6.52 Ausl All Ord 1.878.4 -16.0 FTSE 100 2.995.1 -33.5 Friday Previous lpm EST close Dow Jones 3.850.92 3.882.21 Average162 words
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Page 1 Advertisements
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Advertisement93 1995-01-21 1 Leasehold properties: el i Will they age well? j r rYyifif fj^V*^^^^ggH| BUSINESS TIMES LIFESTYLE E X CLUSIVE Free trip to Venice DOES music move your savage heart? knowledge and rewards you with a muWould you like to leave your heart in sical tour of Vienna and a stay in93 words
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Advertisement7 1995-01-21 1 Summit IPO: el 5 A sound investment7 words
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Advertisement16 1995-01-21 1 Worst is over for Indonesian banks, Pg 3 Bank Negara lifts capital control curb, Pg 316 words
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Advertisement46 1995-01-21 1 Hock Lock Siew: Pg6 fey pr Way to boost APB's Ikm dtil i j Quite simply the Royal Oak. M Addemars Piguet' The master watchmakers Regional Agent: AUDEMARS PIGUET SINGAPORE PRIVATE LIMITED. 250 North Bridge Road #15-03 Raffles City Tower Singapore 0617. Tel: *****13/*****53 Fax: *****01.46 words
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Advertisement9 1995-01-21 1 A good time to buy S'pore property stocks, EL49 words
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Advertisement31 1995-01-21 1 The Raffles Conversation: EL 3 Bill Gates' vision US housing starts jump 13%, Pg'4 Analysts lean towards rate rise by US Fed, Pg 7 Leading US economist raps Fed, Pg 531 words
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Advertisement2 1995-01-21 1 _\[=;&{``^(\":```}.%{&'^"['~^>] II w2 words
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SINGAPORE NEWS
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385 1995-01-21 2 Genevieve Cua - By Genevieve Cua MANUFACTURING industry output rose 14.2 per cent in November, helping the sector to chalk up cumulative growth of 13.1 per cent over 11 months in 1994. Output of the leading subsector, electronics, rose 23.1 per385 words
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Article358 1995-01-21 2 Soh Tiang Keng - By Soh Tiang Keng GROWTH of bank loans to the manufacturing sector slowed noticeably last October, according to figures from the Monetary Authority of Singapore. The MAS, in its latest statistical bulletin released yesterday, revealed that annual expansion of bank credit to manufacturing in October358 words
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Article, Illustration434 1995-01-21 2 Chuang Peck Ming - International advisers say economic policy is 99% right, but R&D can be beefed up By Chuang Peck Ming SINGAPORE'S economic planners should set their sights even higher, especially in the area of research and development, an international panel of top corporate executives434 words
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Article, Illustration302 1995-01-21 2 Arti Mulchand - By Arti Mulchand SINGAPORE'S role as a regional hub for the aviation industry was further reinforced yesterday with the opening of two service centres the Boeing Asia Pacific Service Centre (BAPSC) and the Collins Avionics Service Centre (CASC). Boeing and Rockwell International302 words
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250 1995-01-21 2 ANGLO-Dutch Shell has joined forces with an associate to invest US$2O million (Ss29 million) in a plant to produce catalysts used in oil refineries. The joint-venture company CRI/Criterion Singapore Manufacturing is 50 per cent owned by CRI International, a wholly-owned subsidiary250 words
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Article, Illustration235 1995-01-21 2 REAL ESTATE firm ERA Realty Network has launched a question-and-answer guide to help property buyers and sellers in their understanding of how real estate transactions are made. The realtor has also started a quarterly newsletter which will feature reviews of the private residential235 words
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468 1995-01-21 2 Yang Razali Kassim - By Yang Razali Kassim SENIOR Minister Lee Kuan Yew starts a three-day visit to Brunei today at a time when the sultanate is taking a high profile in regional diplomacy. Mr Lee will hold talks with Brunei's ruler. Sultan468 words
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289 1995-01-21 2 SINGAPORE opposed attempts by developed countries to include a social clause in international trade agreements, as this constitutes "a form of disguised protectionism" that stifles global trade, a senior civil servant said. The social clause, while not well-defined, refers289 words
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Page 2 Advertisements
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Advertisement26 1995-01-21 2 /tise&gAJ high stakes Don *et shortchan 6 ed 6° f° r a \irj) coverage you can bank on. i 1 Financial News. Everyday. rn Business Times26 words
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Page 2 Miscellaneous
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Miscellaneous502 1995-01-21 2 1 WEATHER Singapore: Cloudy with showers over a few areas in the late afternoon. Temperature (24-29*). Asia-PacMc M/la* Cand. Earapa M/U* Caad. Buenos Mm 28/30 T storm Auckland— 32/16 Cloudy Amsterdam 06/04 Showers Chicago 03/-4 Sunny Bangkok 34/20 Cloudy Athens 07/03 Cloudy Honolulu 27/18 Cloudy Beifing 02/-6 Cloudy Berlin 06/01502 words
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THE REGION
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Article, Illustration625 1995-01-21 3 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR DESPITE concerns about a labour shortage and rising costs, foreign investments are pouring into Malaysia. The value of applications received surged 44.2 per cent to MSI 1.12 billion (556.54 billion) last year, Minister for International625 words
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273 1995-01-21 3 Ruth Wong - From Ruth Wong in KUALA LUMPUR NASDAQ-listed Dell Computer Corporation, one of the world's top five personal computer vendors, is setting up its first Asia-Pacific manufacturing plant in Malaysia. Scott Flaig, Dell senior vice president of worldwide operations, said the company was building273 words
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283 1995-01-21 3 AFP HANOI Vietnam's industrial hub Ho Chi Minh City has called on the government to revise the city's 1995 fiscal targets, saying that they are too unrealistic, according to reports yesterday. The People's Council, the city's legislative body, told Vietnamese PremierAFP - 283 words
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447 1995-01-21 3 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR BANK NEGARA, citing greater stability in the domestic money markets, yesterday removed another capital control restriction imposed early last year to stop what it had described as excessive speculation in the ringgit. The central bank447 words
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321 1995-01-21 3 Leslie Lopez - From Leslie Lopez in JAKARTA INDONESIAN central bank governor Soedradjad Djiwandono said his country's banking sector, rocked in recent years by major scandals and mismanagement, still faced problems but the "worst is over". "As supervisors, there is no case which321 words
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319 1995-01-21 3 AFP. Bloomberg Business News BEIJING A US embassy official yesterday warned against rising hopes that negotiations between the United States and China over intellectual property rights would reach a conclusion by today. "There are signs of progress but we can't say yet whetherAFP.; Bloomberg Business News - 319 words
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NOTE BOOK
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Article80 1995-01-21 3 AP BANGKOK Thailand's national carrier said yesterday it was tightening security on flights in and out of the US after American officials warned of possible terrorist attacks in the region. Thai Airways International said the Federal Aviation Administration recently warned airlines that fly to theAP - 80 words
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Article59 1995-01-21 3 Reuter TAIPEI Taiwan has rcached initial agreement with the Indonesian government to offer loans to develop an industrial zone in Indonesia, an official said. The loans, currently estimated at US$2O million (Ss29 million), would be extended to Taiwanese firms to invest in the proposedReuter - 59 words
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77 1995-01-21 3 AFP HANOI Industry in Laos grew by 9 per cent in 1993-1994, generating an income of US$l.77 billion (552.5 billion) for the country and accounting for 18 per cent of its gross domestic product. And the government plans to pump U5537.3 million or 14.2 perAFP - 77 words
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108 1995-01-21 3 Reuter BANGKOK A regular casino has begun operating in the Myanmar border town of Tachilek, offering punters from both countries a chance to gamble at baccarat, dice, poker and other card games banned in rhailand. Thai officials said yesterday. The casino, which differs fromReuter - 108 words
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226 1995-01-21 3 LONDON Myanmar's military government is forcing tens of thousands of people to labour without pay on tourism projects, turning the country into a vast slave camp, BBC television reported. A BBC correspondent reporting from the ancient city of Mandalay said gangs226 words
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300 1995-01-21 3 AFP BEIJING China's foreign trade minister yesterday warned that inflation and rising demand for high-value finished goods could seriously hit exports this year, following a dramatic foreign trade turnaround last year. "We should keep sober minds and prepare to suffer somewhat," WuAFP - 300 words
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251 1995-01-21 3 Bloomberg Business News MANILA The Asian Development Bank has called for the financing of US$l4.7 billion (5521.3 billion) worth of projects to spur growth and regional cooperation in the Mekong River area of South-east Asia. The Manila-based bank has not decided whichBloomberg Business News - 251 words
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Article, Illustration58 1995-01-21 3 Reuter LAHORE, Pakistan A father holding his child aloft in front of a huge wood and paper kite, 3.5 metres long and three metres high, constructed by enthusiasts specially for the annual spring festival of Basant in Lahore, capital of Punjab province. The makers of the kiteReuter - 58 words
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REGION/WORLD
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471 1995-01-21 4 Bloomberg Business News AFP. TOKYO The Japanese cabinet yesterday modified its growth forecasts for the coming year to take into account the earthquake in western Japan as Nomura Research Institute projected a major stimulus over two years. "Next year's figures shouldBloomberg Business News; AFP. - 471 words
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239 1995-01-21 4 Reuter SHANGHAI Chinese VicePremier Zhu Rongji reaffirmed Beijing's commitment to stock markets yesterday while conceding they faced complex problems. In a signed article published on the front page of the China Securities newspaper, Mr Zhu said there was a long way to go toReuter - 239 words
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Article, Illustration403 1995-01-21 4 Reuter PRETORIA President Nelson Mandela said yesterday a row over apartheid-era indemnities threatening the stability of South Africa's national unity government had been resolved in talks with his deputy, FW de Klerk. "Let bygones be bygones, the important point is that Deputy President De KlerkReuter - 403 words
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380 1995-01-21 4 Bloomberg Business News BRUSSELS China and the European Union have reached an agreement to boost China's textile exports to Western Europe. paving the way for smoother relations between the two economic giants, the EU said. The European Commission, the EU's executive arm. saidBloomberg Business News - 380 words
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270 1995-01-21 4 Lim Soon Neo - From Lim Soon Neo in HONGKONG HSBC Holdings pk and Wells Fargo Co are setting up a trade bank called Wells Fargo HSBC Trade Bank in California with an initial capital of US$5O million (SS72 million) in equity. Subject to regulatory270 words
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305 1995-01-21 4 AP, Reuter, Bloomberg Business News WASHINGTON Housing starts jumped 12.9 per cent last year to the highest level in six years despite rising mortgage rates that failed to cut appreciably into construction tyAlthough the 1994 level was held back slightly byAP,; Reuter,; Bloomberg Business News - 305 words
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251 1995-01-21 4 The Straits Times KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad and his deputy, Anwar Ibrahim, have been going to the hustings as if the elections were around the corncr. Both have been crisscrossing the country in the past few days to officiateThe Straits Times - 251 words
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Article1702 1995-01-21 4 gg n» ra nm n#_ nm n» nm no. t*m WM GA976 0010 Wufcf SQ4Q4 2330 <■■■■ RJ187 0100 Pfcafca SQ420 2030 taaMa KL838 0001 Dwkal SQ417 0830 EK79 0015 SQ25 0635 SQ324 2330 EK70 1650 EK71 2210 KL837 1540 KL838 2335 SQ428 2320 Mmetoad NZ211,702 words
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443 1995-01-21 4 The Washington Post WASHINGTON Former Secretary of State Alexander Haig has emerged as a key player in plans to build a controversial multi-billion dollar natural-gas pipeline from Central Asia across Iran into Turkey. Financial analysts said Mr Haig and others willThe Washington Post - 443 words
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THE WORLD
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477 1995-01-21 5 AFP, AP WASHINGTON Mexico's economy is stabilising and could recover from the peso crisis within weeks, Stanley Fischer. deputy director-general of the International Monetary Fund (IMF), said on Thursday. "The first priority is to get the economy to stabilise. I believe we areAFP,; AP - 477 words
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Article, Illustration441 1995-01-21 5 NYT WASHINGTON House Speaker Newt Gingrich, who made his name in Congress with relentless attacks on one of his predecessors, Jim Wright, said on Thursday that he was "a little disturbed" to think Democrats were out to destroy him. "I think aNYT; Reuter - 441 words
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268 1995-01-21 5 Bloomberg Business News HOUSTON US companies raised U*****.4 billion (*****.7 billion) through public stock and debt offerings last year, 22 per cent below 1993's record of U*****.6 billion, according to a survey released yesterday. A variety of debt offerings topped the list,Bloomberg Business News - 268 words
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425 1995-01-21 5 Knight-Ridder TORONTO The relentless attack on the Canadian dollar, particularly since the dramatic devaluation of the Mexican peso, has given many market watchers pause for thought: is Canada the "Mexico of the North?" In interviews with KnightRidder Financial News, a numberKnight-Ridder - 425 words
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415 1995-01-21 5 Reuter MOSCOW The Russian government fiercely defended its privatisation programme yesterday amid increasing signs that conservative new privatisation minister Vladimir Polevanov would face the axe. A brief comment from reform chief Anatoly Chubais, reported by Interfax news agency, said Deputy Prime Minister PolevanovReuter - 415 words
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643 1995-01-21 5 Bloomberg Business News LAUSANNE, Switzerland US economist Lester Thurow has criticised the Federal Reserve Board's interest rate increases as "a major mistake" because there is no sign of inflation. Higher US rates arc also worsening Mexico's financialBloomberg Business News - 643 words
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WORLD WATCH
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90 1995-01-21 5 AFP PARIS Inflation in Franco was 1.6 per ccnt in 1994 from 2.1 per ccnt in 1993 and the lowest rate since 1956, final official figures showed yesterday. Manufactured output rose by 2.9 per ccnt in November on an adjusted basis, after a fall ofAFP - 90 words
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Article, Illustration64 1995-01-21 5 Reuter SARAJEVO A boy walking in sub zero temperatures with a sled past a graveyard in the besieged Bosnian capital on Thursday. A continuing cold snap has been met with a severe shortage of heating gas supplies, and Russia has tentatively agreed to send moreReuter - 64 words
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111 1995-01-21 5 AP #*****0 HOUSTON Enron Corp has signed a letter of intent on a US$4 billion (555.7 billion) deal with Qatar that would give it access to the worid's largest natural gas field, the company said. Enron spokeswoman Diane Bazclidcs said on Thursday severalAP - 111 words
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Page 5 Advertisements
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Advertisement291 1995-01-21 5 ■FDliine In English Number Horoscopes (Daily) 8450 The Capricorn Career A Finance; Win Prizes.' Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 Am I Dreaming Win Prizes! Children's Funland 8453 Sun Wukong Is Unhappy... Face Facts: Mouth 8454 Dreamland 8455 Fandi Ahmad A Eating Dream; Dream291 words
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COMPANIES & MARKETS
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388 1995-01-21 6 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE Power barge builder Van Der Horst Ltd yesterday secured a deal to design, build and sell two power barges for US$l32 million (S$ 190 million) to the Philippines. The contract seen as a lucrative one by388 words
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334 1995-01-21 6 Genevieve Cua - By Genevieve Cua SINGAPORE Beverage group Yeo Hiap Seng yesterday announced a management revamp to help its regional expansion. The biggest change is the creation of an international operations department, which will spearhead overseas expansion through strategic alliances with partners. This department334 words
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318 1995-01-21 6 Al Labita - From Al Labita in MANILA OVERSEAS Union Bank yesterday just beat the Central Bank of the Philippines' deadline for foreign banks to apply for a licence to operate in the Philippines. OUB, the last applicant, turned in its papers hours before the318 words
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Article, Illustration970 1995-01-21 6 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE How far will Fraser Neave go to boost the liquidity of AsiaPacific Breweries (APB) shares in the stock market? Last month, the stock market was surprised when APB, Singapore's only listed brewer, proposed a970 words
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274 1995-01-21 6 Lilian Ang - By Lilian Ang SINGAPORE Singapore Power and Gas (SPG) has taken a 35 per cent stake in a NatSteel-lntraco joint venture company formed last year to invest in power generation projects in the region. The deal, sealed yesterday, takes SPG274 words
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181 1995-01-21 6 SINGAPORE Hotel Properties Ltd (HPL) said yesterday it has acquired the Chevron Paradise Hotel in Queensland, Australia, for As3o million (SS33 million). The deal was struck through a company in the HPL stable, Bayford investments, which had acquired the property by181 words
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EYE on your STOCKS
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Article19 1995-01-21 6 hor nexi week's expected market sentiment, see BT Sentiment Index on 1.L4 (Personal l-'inance A Investment section)19 words
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Article, Illustration127 1995-01-21 6 Quak Hiang Whai - By Quak Hiang Whai GOING by RSIs and stochastics alone, Kcppel Corporation looks due for a short rebound, the indicators having gone down to around the 25 level. But the patterns formed by the stock price look a bit worrying with some bearish signals, especially the longer-term charts.127 words
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COMPANIES
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Article, Illustration624 1995-01-21 7 Reuter KUALA LUMPUR The outlook for Malaysian plywood and timber firms, badly depressed in the last quarter of 1994, has considerably brightened after the Kobe earthquake, analysts and industry sources said yesterday. Some estimated plywood prices would gain by between 10 andReuter - 624 words
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333 1995-01-21 7 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR THE boardroom struggle at KFC Holdings (Malaysia) Bhd appears to be coming to a head as a group of shareholders have called for an extraordinary general meeting to remove three directors representing Lcong Hup Holdings333 words
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266 1995-01-21 7 SINGAPORE Options in Indonesian telecommunications group Perusahaan Perseroan (Persero) PT Indonesian Satellite Corp also known as Indosat will make their debut on the Chicago Board Options Exchange (CBOE) on Monday. The board said the options would be on the company's American266 words
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362 1995-01-21 7 KUALA LUMPUR AirAsia, Malaysia's second national carrier, is holding back its air operations to allow Malaysia Airlines (MAS) to turn around unhampered by competition. Air Asia's announcement yesterday comes just one month after it brushed aside as "imaginative speculation" media reports that it362 words
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368 1995-01-21 7 Shiv Taneja - By Shiv Taneja SINGAPORE Three of 13 top research analysts and economists polled yesterday believe the US Federal Reserve will raise interest rates at its next meeting, scheduled for the end of the month. The rest said they believed there was a368 words
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294 1995-01-21 7 R Sivanithy - By R Sivanithy SINGAPORE Fund manager GT Management believes Asian stock markets will remain volatile at least until the second half of this year, after US interest rates have peaked. At an investment strategy seminar for fund managers and investment294 words
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325 1995-01-21 7 Reuter KUALA LUMPUR Malaysian motor stocks, under pressure for two days on worries that the Japan earthquake will disrupt parts supply, will remain vulnerable for a few weeks, analysts said. Although market rumours that plant closures in earth-quake-hit Kobe and surrounding areasReuter - 325 words
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COMPANY BRIEFS
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Article48 1995-01-21 7 SINGAPORE Chuan Hup Holdings said yesterday that on Jan 13 it began winding up 10 dormant subsidiaries. They are: Amethyst Marine. Chuan Hup Properties, Early Birds, Emerald Marine, Farsight Industrial Enterprises, Gloucester Marine, Hampton Marine. Llangollen Marine, Opal Marine and Pacindo Marine.48 words
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41 1995-01-21 7 SINGAPORE Clob counter Southern Bank Bhd said that from Monday there would be four separate quotations for its shares. These are: "m Southßk", "m Southßk A", M m Southßk F' and "m Southßk F A".41 words
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63 1995-01-21 7 SINGAPORE City Development Ltd said yesterday it had incorporated two subsidiaries one in Singapore and the other in Australia. The Singapore subsidiary is Bloomsville Investments and was incorporated on Dec 28, 1994 with an authorised share capital of $100,000. The other subsidiary, Millennium Hotel63 words
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31 1995-01-21 7 SINGAPORE First Engineering said yesterday it had acquired a 30 per cent stake in Guangzhou Sanxing Precision Moulds Plastics Engineering from Pertama-Tech Corp for U*****,072 (*****,185).31 words
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Article34 1995-01-21 7 SINGAPORE Aztech Systems said that on Dec 29 it had made a contribution of US$3.5 million (555.11 million) to the capital of Aztech Labs Inc. a wholly owned subsidiary.34 words
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Article70 1995-01-21 7 Bernama KUALA LUMPUR A&M Realty Bhd closed its first day of listing here with a 78 per cent premium, or M 51.32, above its offer price of M 51.70. The main board counter ended the day at M 53.02. The housing developer, whichBernama - 70 words
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Article37 1995-01-21 7 Bernama MELBOURNE National Consolidated shareholders yesterday overwhelming approved a Asl 10 million (S$ 123 million) plan for Malaysia Mining Corporation Bhd to acquire 45 per cent of Nat Cons subsidiary' Tooth Co. BernamaBernama - 37 words
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Article929 1995-01-21 7 Payment Ex Books Pay dale close- date AISB 50* b 3 Jan 6 Jan 20 Jan 27 Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F 12.5TE Marl Mar 7 Apr 15 Bcrjaya Group F 6 Dcc 12 Dcc 27 Jan 26 J Cam Mcch 10*929 words
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COMPANY BRIEFS
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Article, Illustration102 1995-01-21 8 Reuter, Bloomberg Business News BOMBAY Air India's managing director DS Mathur (left) and Boeing Company's cxecutivc vice-president Richard Albrecht shaking hands in the presence of US Commerce Secretary Ron Brown in Bombay on Thursday after the airline signed a US$33O million (Ss47B million)Reuter,; Bloomberg Business News - 102 words
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109 1995-01-21 8 Bloomberg Business News BEIJING Bechtel International Inc, one of the world's biggest construction and engineering groups, said it has become the first US company to win a construction licence to work in China. The licence, issued by China's Ministry of Construction in Beijing, marks aBloomberg Business News - 109 words
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Article91 1995-01-21 8 AFP SEOUL South Korea's Samsung Business Group announced yesterday that it has acquired Japanese semiconductor equipment maker Union Optical Co, taking 50.4 per cent of its equity. Samsung's move marked the first time a Korean firm had taken over the management of a listed Japanese company,AFP - 91 words
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97 1995-01-21 8 Reuter HONGKONG Public bus operator China Motor Bus Co Ltd said it would ask its shareholders to approve the sale and redevelopment of its bus depot site in Aberdeen to Hareton Ltd on Feb 7. Hareton is an equal joint venture betweenReuter - 97 words
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442 1995-01-21 8 Bernama KUALA LUMPUR The San Miguel Brewing Group, already the No 1 brewer in Asia, plans to penetrate into India and South America by opening up plants in those regions, a company official said yesterday. Jacobo C Mantecon, region managerBernama - 442 words
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162 1995-01-21 8 AFP TAIPEI Foreign institutional investors notched up a total of NT539.6 billion (552.18 billion) profits, or a 40.73 per cent return on investment, from the Taiwan stock market in 1994, Economic Daily Ne*s said yesterday. The profits were equivalent to 19 per cent ofAFP - 162 words
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466 1995-01-21 8 NYT NEW YORK In an announcement that was greeted optimistically by analysts, the new food unit of RJR Nabisco Holdings Corp priced the initial public offering of its stock at U5524.50 (5535.50) a share on Thursday. The 45 million shares, which would be worthNYT - 466 words
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344 1995-01-21 8 Bloomberg Business News BANGKOK Thai Farmers Bank pic, the nation's second largest bank, said its after-tax profit in 1994 rose 31.1 per cent to 10.4 billion baht (SS6OO million). On a per-share basis, earnings were 13.02 baht, compared to 9.9 bahtBloomberg Business News - 344 words
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169 1995-01-21 8 KnightRidder BANGKOK The Securities and Exchange Commission (SEC) has outlined several policies aiming at developing securities and mutual fund industries, and a capital market, The Nation reported yesterday. Those policies, which may take two to four years to become effective, will be included inKnight- Ridder - 169 words
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SHIPS IN PORT
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Article525 1995-01-21 8 ¥wnl Vf N> B«r<h DnM Dtparturo Vttul Vty Ik Berth Arrival Dtpvtwt Jgnac s«m« aii»* row ?i 01/1200 21 01,1400 ffai Sfl 6 alongside 2101/0530 Ux Spwcft ****** P01A 2101/0AH 2101/0900 ■mi Ma* 01 95 111 ato«Rde 2101/1300 Caraka *32 130 PW 21.01/2300 2201/2300 DaiOdp 02/95 12525 words
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Article1318 1995-01-21 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Batanco Rslts Ship Voy No Etb/Btr Period From To From *CI iad» zm 22 0400 1A 20/1 WO 20/1(59 20/1*0 18 20/1500 20/1659 20/1900 3 71/0/00 21/1159 21/1400 4 21/1200 21/11591,318 words
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US COMPANY RESULTS
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Article, Illustration461 1995-01-21 9 Bloomberg Business News CUPERTINO, California Apple Computer Inc's fiscal first-quarter net incomc more than quadrupled, fuelled by strong sales of multimedia computers and its top-of-the-line Power Macintosh. The Cupertino, California, company said 'net income jumped to US$lBB million (*****.4 million), or US$l.55Bloomberg Business News - 461 words
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355 1995-01-21 9 BloombergBusiness News NEW YORK Morgan Stanley Group Inc said profits for the fourth quarter will be "substantially below" the US$llB million (S$ 171 million) it earned in the third quarter because of difficult market conditions. Morgan, the nation's fourth-largest securities firm, saidBloomberg-Business News - 355 words
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75 1995-01-21 9 Bloomberg Business News CLEVELAND KeyCorp said fourth-quarter earnings rose 2.5 per cent before a charge to help reduce the bank's vulnerability to rising interest rates. The Cleveland-based banking group said profit from operations rose to US$2OB million (SS3OI million), or 85 US cents aBloomberg Business News - 75 words
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80 1995-01-21 9 Reuter PEORIA, Illinois Caterpillar Inc, the world's biggest maker of construction equipment, has reported record earnings and sales for the fourth quarter, saying its results were boosted by a surge in export business. The company said earnings in the final quarter of 1994 shotReuter - 80 words
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Article90 1995-01-21 9 Bloomberg Business News MINNEAPOLIS Northwest Airlines Corp has reported record earnings for the fourth quarter of 1994, landing its first profitable year since 1989. Net income rose to U5535.9 million (Sss2 million), or 23 cents a share, after preferred stock dividends, from US$lO.5 million, orBloomberg Business News - 90 words
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152 1995-01-21 9 Bloomberg Business News HOUSTON Three petroleum refiners said their earnings were hurt by unseasonably warm weather and a new blend of gasoline that sent shock waves through gasoline markets. These factors were blamed by Sun Co, the biggest independent company, Total Petroleum of North AmericaBloomberg Business News - 152 words
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75 1995-01-21 9 Computer Associates 9 profit soars 40% Bloomberg Business News ISLANDIA, New York Computer Associates International Inc's shares rose to a record level after the software company said its fiscal third-quarter earnings increased 40 per cent, more than any analyst had expected. The software company said net income was U*****.2 millionBloomberg Business News - 75 words
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168 1995-01-21 9 Bloomberg Business News FAIRFIELD, Connecticut General Electric Co paid for its misadventure into Wall Street with a US$9l7 million (551.32 billion) charge for its jettisoned Kidder, Peabody Group Inc brokerage unit, triggering a 48 per cent drop in fourth-quarter net income.Bloomberg Business News - 168 words
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500 1995-01-21 9 Bloomberg Business News NEW YORK Bankers Trust New York Corp and Bear Stearns Cos reported lower-than-expected earnings for the latest quarter as rising interest rates hurt revenues at two of the nation's biggest trading firms. Bankers Trust, the nation's seventh-largest banking company, saidBloomberg Business News - 500 words
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FINANCE & COMMODITIES
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317 1995-01-21 10 Ruth Wong - From Ruth Wong in KUALA LUMPUR MALAYSIA'S continued improvement in several economic indicators* has prompted Moody's Investor Service to review the A 2 foreign currency debt rating of the country for a possible upgrade. This could indirectly have a positive impact on317 words
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179 1995-01-21 10 NST KUALA LUMPUR Bank Negara is expected to reshuffle its top management soon, following adviser Zainal Aznam Mohd Yusofs decision to leave the bank at the end of this month. Dr Zainal Aznam whose contract with the central bank expires on Jan 31 isNST - 179 words
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SMALL CHANGE
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Article79 1995-01-21 10 KUALA LUMPUR Malayan Banking Bhd (Maybank), has received an approval from the State Bank of Vietnam to operate in Hanoi. A statement from Malaysia's largest bank yesterday said the Hanoi branch, which would open soon, would support the trade and investment initiatives between Malaysia79 words
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59 1995-01-21 10 BANGKOK The Government Housing Bank has picked a group of nine finance companies to underwrite the sale of three billion baht (SSI74 million) worth of bonds. The group submitted the lowest annual interest bid of 8.5 per cent for the four-year bonds, an investment banker59 words
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90 1995-01-21 10 MELBOURNE The Australia and New Zealand Banking Group Ltd is unlikely to bid for the Bank of South Australia (BankSA), chief executive Don Mercer said yesterday. "Our situation in South Australia is one with which we are very comfortable now," Mr Mercer told reporters90 words
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108 1995-01-21 10 AFP LONDON British bank lending rose by £3.9 billion (SSB.9 billion) last month, seasonally-adjusted figures from the Bank of England showed. Analysts had expected a rise of about £3 billion. The figure for M 4, the broadest definition of the money supply, roseAFP - 108 words
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Article, Illustration377 1995-01-21 10 DBS Bank weekly currency review US$/DM: sliding fast to 1.4910? US$/DM traded within the range of 1.5250 and 1.5380 for the first three days of the week before aggressive selling on Thursday night saw the unit break key support at 1.5230 to plunge to a low377 words
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150 1995-01-21 10 SINGAPORE Standard Chartered Bank, which recently merged its foreign exchange options portfolio, has chosen Singapore as the centre for all its currency options trading in the Asian time zone. The bank's global head of foreign exchange options, Alan Hicks, said: "Our principal aim150 words
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283 1995-01-21 10 Reuter TAIPEI Taiwan's Overseas Chinese Bank may face losses of as much as US$6O million (5586.9 million) from financial derivatives trading, the first such case reported in Taiwan since it allowed the trading last year, bank officials said. The bank's offshore bankingReuter - 283 words
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366 1995-01-21 10 Reuter SHANGHAI The stability of the renminbi has dispelled fears that it is heading for a devaluation, a central bank official was quoted as saying. Zhu Xiaohua, deputy president of the People's Bank of China, said the supply of foreign exchange on the interbank andReuter - 366 words
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307 1995-01-21 10 ENERGY REPORT Reuter BAGHDAD Iraq, facing acute shortages of food and medical supplies because of crippling United Nations sanctions, may be willing to settle for partial oil exports under UN supervision, Baghdad diplomats said yesterday. rhere is talk in town they (Iraqis) areReuter - 307 words
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Article213 1995-01-21 10 Reuter LONDON A weaker dollar had a quieter time of it during the European morning, with attention focused on the the cross between the mark and yen, as the German unit set a fresh 13-month high at 65.61. Analysts said uncertainties following the debacle in Mexico, the earthquakeReuter - 213 words
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Article92 1995-01-21 10 AFP NEW YORK The dollar was generally lower against the other major currencies yesterday, as technical factors kept the market moderately active. Gold rose 60 cents from Thursday to U*****.90 an ounce. Around 1450 GMT, the dollar was at 1.5135 marks down from 1.5152 late Thursday and 99.53AFP - 92 words
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Article, Illustration1513 1995-01-21 10 /rtu/f->1 ri/ehml index lahiilulnl attain S'ptre\ lap 14 trading panntn. Bair trtw /«15 US$/S$ forward rates Noon Jan 20 ss Bid Offer 1-month 1.4437 1.4432 2-month ***** 1 4422 J-month 1.4383 l.4J9t 6-month ***** 1.4320 Source: OCBC FOREIGN CURRENCY NOTE RATES to at 9mm m Jaa 20 Singapore dollars to1,513 words
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COMMODITIES & FUTURES
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1319 1995-01-21 11 Reuter SINGAPORE Simex Eurodollars and Euroyen futures were firm at the close. Dealers sa d Eurodollars were firmer on a technical rebound but general sentiment was still bearish. Market participants are looking for the US Federal Reserve to hike short-term rates at the end ofReuter - 1,319 words
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Article688 1995-01-21 11 COMMODITY REPORTS KL Tin TIN prices, which have been hovering around the M$ 15 level since end-October last year, ended 30 sen higher to MS 16.23 per kg following the uptrend on the LME overnight. The last time tin price surpassed the MSI6 level688 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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54 1995-01-21 11 BANGKOK Thai feedmillers are seeking government approval to import around 600,000 tonnes of corn this year, an industry official said yesterday. There was no word on when the government would respond to the request. The imports are needed this year due to a54 words
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Article66 1995-01-21 11 NEW DELHI The reported purchase of white sugar by state-run MMTC Ltd in the past few days may be meant for third-country sales and not to overcome any domestic shortage in India, the Business Standard newspaper said yesterday. Sugar purchases could be purely for trade66 words
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Article63 1995-01-21 11 NEW DELHI Rain in north and northwest India in the past fortnight has benefited the winter wheat crop, and farmers look forward to a bumper wheat output, traders said. Up to early January, farmers were eagerly awaiting rain, which was delayed by some two63 words
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68 1995-01-21 11 TOKYO Vietnamese robusta coffee prices are set to stay firm through the Lunar New Year holidays on strong demand and tight Asian supplies this time of year, regional traders said yesterday. Vietnam is believed to have sold an estimated 60,000 to 80,000 tonnes of robusta68 words
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54 1995-01-21 11 SYDNEY Johnson Matthey will nearly double its annual gold refining capacity in Australia to 2QQ tonnes a year, starting in April, a company official said yesterday. The increase will follow by several months the closure of rival West Australian refiner Gold Corp's Kalgoorlie refinery,54 words
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Article1436 1995-01-21 11 Rubber Singapore Commodity Exchange (futures dosing as at S.3tpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Feb 95 I 254.50 825 Mar 254.00 254.00 256.00 250 850 Apr 259.00 256.00 258.00 100 3425 May 259.00 256.00 258.00 100 3775 Jun 259.001,436 words
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REGIONAL STOCK MARKETS
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Article989 1995-01-21 12 -16 The Australian share market tracked Wall Street to a weaker close yesterday, brokers said, adding that fears of an imminent Australian official interest rate rise were also affecting the market. The Japanese earthquake was having a minimal if any effect on the market, said brokers, who added that989 words
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Article648 1995-01-21 12 -91.73 Philippine share prices fell by 3.59 per cent yesterday in reaction to the downturn in other foreign markets, particularly in New York, Hongkong and Singapore, analysts said. The Philippine Stock Exchange Composite Index dropped 91.73 points to close at 2,462.65 points after rising by 0.58 per cent on648 words
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Article594 1995-01-21 12 -226.01 The bourse yesterday tumbled across the board in response to reports that Chinese paramount leader Deng Xiaoping was in a coma, dealers said. The 414-issue Weighted Price Index on the Taiwan Stock Exchange lost another 226.01 points, or 3.42 per cent, to settle at 6,372.01 points, after a594 words
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Article449 1995-01-21 12 -1.84 Share prices ended slightly lower on the Korea Stock Exchange on a technical correction in the absence of fresh incentives, brokers said. The Composite Price Index nudged down by 1.84 points to close out at 973.06 points, with 30.1 million shares valued at 683.3 billion won changing hands.449 words
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Article296 1995-01-21 12 -22.32 Shares saw Thursday's gains all but wiped out as the bluechip NZSE-40 Index fell on profittaking and a poor overnight performance on Wall Street. The index lost 22.32 points to close at 1,957.44. "Overnight, with the Dow tumbling the way it has, we were back to focusing296 words
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Article109 1995-01-21 12 -55.55 Share prices fell on the Bombay Stock Exchange (BSE), India's largest bourse yesterday as investors stepped up selling on the last day of trading this week. The 30-share BSE Index dropped 55.5S points to 3,600.53 points. Analyst Ajit Ambani said heavy selling pushed down E rices but added109 words
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WORLD STOCK MARKETS
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Article809 1995-01-21 12 -33.5 STOCKS slumped 1.1 per cent to a five-week low as the threat of rising interest rates sent shares lower around the world. A slumping dollar undermined stocks with earnings linked to the currency. Banks and insurance companies, whose earnings are vulnerable to rising interest rates and volatility in809 words
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Article117 1995-01-21 12 •23.78 French shares ended 1.29 per cent lower in thirl trade under the weight of falls on Wall Street and a weaker dollar. The CAC-40 Index closed down 23.78 points at 1.813.33. Of the CAC-40 stocks, six ended higher, 33 lower and Danone was unchanged. Volume was 4.07 billion117 words
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Article179 1995-01-21 12 -3.73 Worries about the persistent dollar slide and Wall Street's weakness continued to keep investors sidelined on the first day of the new forward market account, pushing Belgian shares to a slightly lower close. Traders said they expected shares to remain weak as the dollar and Wall Street were179 words
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Article188 1995-01-21 12 +91 Italian shares closed higher in a calmer mood than recent sessions as political de- velopments slowed and cautious optimism swayed that Prime Minister Lamberto Dini would scrape confidence votes in parliament next week. "There was none of the nervousness of the last few days, partly because of little188 words
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Article255 1995-01-21 12 -2.75 Dutch stocks fell, knocked by the dollar's slide, and traders said sustained nerves about the US currency's fortunes dimmed the nearby outlook for equities. The AEX Index closed down 2.75 points at 410.76 after early on verging on a break through 410 to a session low of 410.14.255 words
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Article121 1995-01-21 12 -0.47 pc The Swedish bourse fell as foreign stock markets pulled down share prices. The OMX Index fell 0.47 per cent to 1,160.30 points in turnover of 2.6 billion crowns. The only sector which gained was forestry, which rose 0.04 per cent in reaction to Stora's announcement of a121 words
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Article260 1995-01-21 12 -20.9 Swiss shares closed lower in line with bourses elsewhere in Europe. Dealers said weak US bonds and stocks, a lower dollar and easier bond futures weighed on sentiment. The SMI Index of leading shares ended down 20.9 points to 2,574.6. The Allshare SPI Index finished 12.19 lower at260 words
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Article303 1995-01-21 12 -10.3 The resolution of a row that threatened to split the national unity government helped South African shares off their lows by the close. The market picked up after President Nelson Mandela said the indemnity row in the national unity government had been resolved. He and deputy president FW303 words
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Article243 1995-01-21 12 -26.89 Stocks fell early as most sectors came under pressure from sluggish North American bonds and options expiry in the United States. The TSE-300 Index dropped 26.89 points to 4,115.02 on volume of 10.3 million shares valued at C 5165.00 million. Declining issues outpaced advances, 246 to 101, with243 words
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Article744 1995-01-21 12 •23.21 The Dow Jones Industrial Average, which plunged 46.77 points on Thursday, was down 23.21 to 3,859.00 at Nam EST. The NYSE Composite Index was off 1.15 to 253.23, while Standard Poor's 500-stock Index was down 2.37 to 464.58. Declines pounded advances 1,239-518 among the 2,603 issues crossing744 words
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Article687 1995-01-21 12 Frankfurt Ju 20 DM +A |46 SO -J.JO SSf 318 20 -4 70 BM W ***** -12 50 STLr J ***** -4 JO I ll fommrrrhjnl JJI 00 -5 JO f oM. G*mmi J JO Daimirr-Brtu 731 50 -21.JO DruhdwB-fc 702.00 -II JO DrXi*rB.M W»00 -«J0 £££7 MS J rwffir.687 words
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Article, Illustration2965 1995-01-21 13 Bloomberg Business News HONGKONG Stocks tumbled by as much as 2.84 per cent on concerns over higher interest rates and the health of Deng Xiaoping, before staging a partial recovery. The benchmark Hang Seng Index fell 143.90 points, or 1.94 per cent, to 7,278.10. Analysts had predicted a fallBloomberg Business News; Source: Bridge Info - 2,965 words
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Article, Illustration587 1995-01-21 13 CLSA The Hongkong H share market fell 1.9 per cent on the back of rumours of Deng's deteriorating health, with selling pressure high. Trading in Shanghai Petrochemical was active, accounting for around 21 per cent of the total trading volume. Harbin Power was the best performer. The counter closedCLSA - 587 words
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Article, Illustration2496 1995-01-21 13 AFP. Bloomberg Business News TOKYO Japanese shares continued to lose strength here yesterday with the leading index falling 1.2 per cent amid investor worries about damage to the economy from the massive earthquake. The Nikkei Stock Average of 225 selected issues closed 235.52 points lower at 18,840.22, while theAFP.; Bloomberg Business News; Source: Bridge Info - 2,496 words
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Article, Illustration1787 1995-01-21 13 AFP BANGKOK The Stock Exchange of Thailand (SET) yesterday followed the downward spiral of other markets, falling 31.63 points, or 2.46 per cent, to close at 1,251.72 points, brokers said. Trading remained quite light with 81 million shares worth S.B billion baht changing hands. Declines buried advances 287 toAFP; Source: Bridge Info - 1,787 words
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Article, Illustration1179 1995-01-21 13 Reuter JAKARTA Jakarta share prices drifted lower across the board on foreign selling, with profit-taking in plywood maker Barito Pacific leading the falls, brokers said. "Foreign players continued to unload their positions and caused the whole market to jitter despite selective resistance by local investors." one foreign broker said.Reuter - 1,179 words
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Article2302 1995-01-21 14 lIWi L«,l Vol IHy L»(Q»tc W» W* VM Net M Cy High Low C oaipaa) S«ie ("000) Mi«h Lam Bayer SelWr Of T/l MALAYSIAN STOCKS W* 160 m A1SB 50c 219 id -5 Jl 255 219 219 2J4 3.0 -2 9 0 4 22.5 206 90 5 m2,302 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6454 1995-01-21 14 AFP KUALA LUMPUR Malaysian shares closed yesterday broadly lower in the absence of institutional support, falling in sympathy with losses on Wall Street, Singapore and other regional bourses, brokers said. The Kuala Lumpur Stock Exchange's 86-share Composite Index plunged 16.59 points to 885.13, notAFP; Source: Bridge Info - 6,454 words
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STOCK EXCHANGE OF SINGAPORE
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Article8199 1995-01-21 15 INBOARD Gr Gr M IW4-W IjsI Vol l)a> IjkI Quote Dh Dn VU Net Cap High lx>« Cixnpamy Safe rOOOl High In. Buyer Seller C»r PF Smil Price INDUSTRIAL AND COMMERCIAL 720* 402 ml Aetna 50c 420 +16 170 420 402 414 420 8 8 47 I I 13 48,199 words
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Article, Illustration1895 1995-01-21 16 R Sivanithy - By R Sivanithy SINGAPORE Stock market indices in Singapore and Malaysia fell through key support levels yesterday in uncertainty triggered by turmoil in US financial markets on Thursday. The Straits Times Industrials Index and the Kuala Lumpur Composite Index stood little chanceCharts by Bridge Info; Source: Bloomberg - 1,895 words
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Advertisement410 1995-01-21 6 NEWS VALUE Markets slide under heightened US rate worries (pg I) Markets holding their breath for the two big newsbreaks: Deng, and US interest rates. Asean plans Joint action against currency attacks (pg I) A factor for stability if a mechanism is agreed upon. Bank Negara cites stability, lifts capital410 words
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Advertisement76 1995-01-21 7 fol PROPERTY Iff EXHIBITION I 1 Readers refer to the Classified for many reasons. Some jLJU| for specific needs and some simply for useful market m information. Classification 496 (Property Exhibitions) in the Classified is the place where readers look for choice properties and investment opportunities. So, if you have76 words
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Advertisement41 1995-01-21 7 Financial fSSESS News A Quick Look At The I I Markets I I Call 24 hours a day for I I KLSE midday I reports, I I market reports and Cost: 30 cents a minute o—l INFlline An SPH AudioTex Service41 words
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Advertisement604 1995-01-21 9 '\v- .-N'> v > 1 x BUSINESS TIM E S r V v -V" A Ml "\$«F Imh .7, O K.l .tIB "s B)ToLaiuiStnua* CHW.IWfc.TJ-W, D> VoIWW~>W Yours, if you excel in this month's Business Times Lifestyle Exclusive contest Does the mere hint of a Strauss wait* *ebd your feet-604 words
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Advertisement27 1995-01-21 11 "I deal in cameras. Andlknow whereto get good exposure." ag..iJtra- n jfs 0/ P u a,r ed <*«s ,,w /g Call today for results tomorrow. CAT-Sl 1800-737-116627 words
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Advertisement25 1995-01-21 11 Make the connection through The Straits Times Classified when you're looking for bargains or looking for A '•Ik customers. C*>r Just give us •<*" CAT A25 words
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Page 12 Advertisements
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Advertisement34 1995-01-21 12 SINGAPORE Business Times WEKMOWASIA Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: S3BB^Sj|tgSSBE||PH[BB» News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) jt§ f34 words
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Advertisement10 1995-01-21 13 property CONSTRUCTION Kverv Tuesday, in Business 1 inies c ft.10 words
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Advertisement69 1995-01-21 14 Call 1800 235-4567 now for more T€3 lev I 6m I iirlmirfci Bb<j information. Or visit our Customer 1 J Med 7 Dec 94 I L f Lot* s 2.3 1 Hlsh 3.54 OA Services Centre at Comcentre, 3 5? Exeter Road. 3 00 §8 2.60 SrVx. MN VA 2.2069 words
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Page 15 Advertisements
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Advertisement7 1995-01-21 15 REGIONAL ANALYSIS Every Wednesday in Business Times7 words
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Advertisement17 1995-01-21 16 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. Business Times mmtemtm17 words
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Advertisement329 1995-01-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP.SO AND IN THE MATTER OF BOON HUI ENTERPRISE PTE LTD (In Members 'Voluntary liquidation) Member*' Voluntary Winding-up At an Extraordinary General Meeting of the member* of the abovenamed company duly convened and held at 10, JALAN BESAR, #06-02,51 M LIM TO WER,SING329 words
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Advertisement814 1995-01-21 16 NOTICES LOST SHARE CERTIFICATES The Mowing Share G6ftlicBAM/*tOQotf)of f)6 relevant I signed transfer deads have been reported lost or destroyed:HONG FOK CORPORATION LIMITED Cftiflciti Nq In the nimi of No. Of Stiff 1 *****18 Leung Wang Tsai Ixlooo *****19 Leung Wang Tsai 1 500 NEPTUNE ORIENT UNES LIMITED *****30 Tang814 words
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Advertisement89 1995-01-21 16 IN THE MATTER OF THE COMPANIES ACT, CAP.S* AND IN THE MATTER OF MICTONION PTE LTD (IN MEMBERS 'VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN. pursuant to Section 308(2) of the Companies Act, Cap 50, that the Final Meeting of Members of the above-named Company will be held at 10.JALAN BESAR,89 words
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Executive Lifestyle
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Article, Illustration1681 1995-01-21 17 Tan Su Yen - How vulnerable are leasehold properties to a fall in values with the passing of time? Tan Su Yen reports Tan Su Yen IN A market where freehold land is worth a king's ransom, leasehold property ranks a poor second. Says an owner of a 99-year1,681 words
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STRAWS IN THE WIND
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Article38 1995-01-21 17 COMPUTER king Bill Gates once again proved he was ahead of his time at a talk he gave last Tuesday. His speech started at 10.30 am but he greeted his audience with: "Good afternoon38 words
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Article55 1995-01-21 17 THE Tokyo Stock Exchange says it has a back-up computer in the event the Big One hits the city. Where is the back-up? "Next door to the other one," says an exchange official. This little nugget of information comes from Michael Lewis' book, Money Culture, which was picked55 words
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Article59 1995-01-21 17 A COMPANY named ABC sent a letter to a reporter announcing its change of name to XYZ. The letter goes on to explain why the change of name was made, but it ends off with the managing director signing himself off as the MD of ABC. We don't59 words
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Article29 1995-01-21 17 HEARD this joke about Prince Charles? Seems he was seen skiing one weekend with four women one on each arm and one on each ear.29 words
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OPINIONS
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Article, Illustration680 1995-01-21 18 MAGGIE FORD - LETTER FROM JAKARTA Crime in the Indonesian capital involving prominent personalities is gripping tne popular imagination MAGGIE FORD The writer is a Jakarta-based correspondent who writes for BT Despite the city's population of nine million people, the streets of Jatarta are generally considered680 words
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Article925 1995-01-21 18 Neville Stack - Neville Stack wants conscientious companies to add an ethical commitment to their prospectuses when floating and re-capitalisingj Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE INVESTOR who is concerned that his money should do no harm while925 words
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Article, Illustration1138 1995-01-21 18 Shintaro Ishihara - And it's time for the West, especially the US, to realise why that's happened and to respect Eastern differences rather than continue preaching, says Shintaro Ishihara Shintaro Ishihara The writer, a conservative member ofJapan s Liberal Democratic Party, is co-author (with Sony's Akio Morita) of'A1,138 words
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727 1995-01-21 18 Said Abdullah - Said Abdullah sees signs of the new formal ceasefire leading to a permanent peace Said Abdullah The writer is a BT journalist SERENDIPITY, a word first coined by Horace Wa!pole in 1754 in the tale The Three Princes of Serendip, does727 words
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Article278 1995-01-21 18 Philip Toh - LETTERS TO THE EDITOR Philip Toh I REFER to your recent Hock Lock Siew column, "Seeking fast buck in the stock market? Beware the big boys". Your call for caution by small investors before buying into an apparently "hot" counter is timely. Many investors have278 words
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279 1995-01-21 18 Julia Leong - Julia Leong Senior Manager Press Publications Hongkong Monetary Aatfcority I REFER to the article entitled "Hongkong to look at other ways of fixing exchange rate" (Business Times, Jan 16). I thought it might be useful to clarify the facts. The report says "the279 words
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VIEWPOINT
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Article1002 1995-01-21 19 Kenneth James - Bill Gates, the Sultan of Software, shares his views on Singapore and its leaders with Kenneth James and traces the thinking that made Microsoft a multi-billion-dollar company Kenneth James BILL GATES and Lee Kuan Yew kindred spirits? Mr Gates sees more similarities in their respective world-views1,002 words
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Article, Illustration2432 1995-01-21 19 ale THE RAFFLES CONVERSATION HERE'S a chance for a one-on-one with Bill Gates, the Microsoft official tells you. There's only one catch: the first part of the conversation will be in the car taking him to the airport. The official explains apologetically: "Every minute of2,432 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration544 1995-01-21 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Research, DBS Investment Research, G K Goh, Kay Hian James Capel. Morgan Grenfell, Phillip Securities, SG Warburg, SBS HG Asia and Smith New Court. Buy! Schroder544 words
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Article, Illustration395 1995-01-21 20 Phoon Kok Fai - Phoon Kok Fai Head of equities research (Asean) Yamaichi Merchant Bank T WAS not surprising that foreign funds JL have discovered that diversification across borders provide a better risk-expected return trade-ofT. This and the fact that very few economies worldwide have growth potential similar to those in395 words
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Article, Illustration806 1995-01-21 20 Joyce Quek - THE WEEK By Joyce Quek YOU m think the I I plunge in W property stock prices indicates that some companies may be going bust?" asked a foreign investor of a broker recently. Those who know their Singapore companies will burst out laughing806 words
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807 1995-01-21 20 Daniel Lian - Daniel Lian looks at the trend for interest rates and the Singapore dollar Daniel Lian The writer is the regional economist (South South West) of Nat West Markets THE KEY question concerning rates in Singapore is not so much their direction, as807 words
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Article, Illustration814 1995-01-21 20 Eugene Law - Eye on the region The results season could spark some excitement, says Eugene Law Eugene Law The writer is research director of Standard Chartered Securities Research (Hongkong) AFTER Spending most of 1994 as a "dog", the Hongkong market looks set forSource: Bridge Info - 814 words
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Article, Illustration1048 1995-01-21 21 Ven Sreenivasan - CTflf If WATCH By Ven Sreenivasan Compact disc (CD) maker SM Summit Holdings, which is the first company to float its shares here this year, is a fundamentally sound company led by an experienced and focused management team. Despite the poor timingPhoto by Arthur Lee - 1,048 words
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Article, Illustration602 1995-01-21 21 Shiv Taneja - A recent broker's report is especially bullish on MAS and Thai Airways. Shiv Taneja has the details Shiv Taneja US BROKER Lehman Brothers rates as buys Malaysian Airlines and Thai Airways stocks for their strong earnings momentum and growth in operating profits. In its602 words
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Article, Illustration865 1995-01-21 21 S N Vasuki - S N Vasuki on why institutional and retail investors are so hot about Egco's long-term potential S N Vasuki THAILAND's Electricity Generating Co Ltd (Egco) made a blistering debut on the Bangkok bourse early this week. Egco shares which were offered last November865 words
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Article, Illustration641 1995-01-21 22 SUSAN TSANG - Cinema Untew By SUSAN TSANG STARGATE starts in Egypt in the *****, when a great archaeological discovery is made, then hops to the present day, where scruffy academic Daniel Jackson (James Spader) is hired by the Air Force to translate some641 words
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Article, Illustration598 1995-01-21 22 JAIME EE - By JAIME EE THERE'S a burning question one must ask the makers of Jungle Book if Mowgli's supposed to have been raised by wild animals in the Indian jungle since the age of five, why is it that when the movie audience sees the adult Mowgli,598 words
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Article, Illustration963 1995-01-21 22 Tan Su Yen - Tan Su Yen soaks in the old-world elegance of the 130-year-old Hotel Bela Vista, which recently underwent extensive refurbishment Tan Su Yen IN THE late 1980s, five farewell baUs were held for Macau's Hotel Bela Vista as the prospect of demolition threatened.963 words
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Article, Illustration785 1995-01-21 22 SAMUEL EE - Motoring By SAMUEL EE I SWEAR the engineers at Lexus used to work at Ziploc. No one can seal a car so well. But seriously, that's what the new Lexus LS4OO is quiet. So quiet it's even quieter785 words
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Article, Illustration695 1995-01-21 23 Susan Tsang - The Singapore-based Gavel's Auctioneers will hold its first auction on Wednesday. Susan Tsang looks at what's being offered Susan Tsang THERE'S a new kid on the block. This Wednesday will see the first sale held by Gavel's Auctioneers Pte Ltd. Incorporated last year. Gavel's was formed695 words
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SPORTS
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Article, Illustration1063 1995-01-21 24 Australian Open Reuter, AP MELBOURNE Pete Sampras put aside conccrns about the health of his coach Tim Guliikson yesterday and moved ruthlessly into the fourth round of the Australian Open tennis championship. Sampras, the defending champion and No 1 seed, crushed outclassed Swede LarsReuter,; AP; Reuter - 1,063 words
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Article459 1995-01-21 24 Dubai Desert Classic Reuter DUBAI —Colin Montgomerie shot a sizzling nine-under-par 63 to take a three-stroke second round lead as Greg Norman wilted in the Desert Classic heat yesterday. While the burly Scot put a new set of irons and a confident putting touch to maximumReuter - 459 words
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SPORT SHORTS
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Article, Illustration179 1995-01-21 24 AFP NEW YORK Joe Namath. who 25 years ago guided the New York Jets to the greatest Super Bowl upset. gives heavy underdog San Diego no ehanee at matching the feat against San Francisco this year. The Chargers are a record 20-point underdog to the 49ers in theAFP - 179 words
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Article, Illustration114 1995-01-21 24 HOUSTON, Texas John Starks returned to the scene of the crime on Thursday and helped the New York Knicks exact some revenge against the Rockets with a 93-77 victory over Houston in the first meeting between the clubs since the NBA Finals. The last time Starks played in the114 words
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Article, Illustration263 1995-01-21 24 AFP BRISBANE, Australia An Australian resort yesterday fired Robert Allenby as its touring professional after he decided to play overseas instead of competing in the resort's own tournament. The Hyatt Regency Coolum resort in Queensland state released a statement advising that it had issued "notice of termination" of itsAFP - 263 words
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Article, Illustration99 1995-01-21 24 NEW YORK The National Hockey League's 78th season, postponed more than three-and-a-half months by a labour dispute, was scheduled to begin yesterday with the New York Rangers holding a long-awaited celebration. Fans had waited 54 years to see a Stanley Cup championship banner unfurled at Madison Square Garden99 words
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Article, Illustration99 1995-01-21 24 SINGAPORE Two of the world's best windsurfers will race in the Tudor Shortboard International 1995 at Changi Beach Park (between carparks 2 and 3) along Nicoll Drive this weekend. Australia's Jessica Crisp, the 1993 and 1994 Professional World Champion, and Sweden's Anders Bringdal. third in the 1994 World Championship,99 words
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Article, Illustration157 1995-01-21 24 MELBOURNE US$6.2 million Australian Open Friday Men 3rd rd: Karel Novacek (Cze) b 7Michael Stich (Ger) 7-5 6-2 6-4; 5-Michael Chang (US) b Martin Damm (Cze) 6-3 7-5 6-3; 13-An-drei Medvedev (Ukr) b Stefano Pescosolido (Ita) 6-4 6-3 6-3; Olivier Delaitre (Fra) b Andrei CMhovskiy (Rus) 6-4 6-4 6-2;157 words
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Article, Illustration78 1995-01-21 24 SAN DIEGO Citizen Cup (Defender Elimination Series) Ist rd: Young America (Kevin Mahaney) b Stars Stripes (Dennis Conner) by five minutes. Standings: Team New Zealand (Peter Blake) 4 pts; Nippon 3; Tag Heuer Challenge 2; Sydney 95 2; One Australia 1; Rioja de Espana 0; France 2 0. Citizen78 words
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PEOPLE
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Article, Illustration181 1995-01-21 24 IT WAS held right in the middle of the afternoon, yet a number of senior management executives of governmentlinked companies and international banks were there. The occasion the signing ceremony for a US$6O million (SsB7 million) loan facility secured by the Wuxi-Singapore Industrial Park (WSIP)Photos by Chris Loh - 181 words
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TIME OFF
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Article, Illustration924 1995-01-21 25 Shahiron Sahari - Shahiron Sahari talks to the original teen idol of the *****, famous for a song he did not pen yet unknown for Sinatra's signature tune which he did Shahiron Sahari SINGER-songwriter Paul Anka, named by influential music magazine Billboard as the 21st most successful924 words
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Article248 1995-01-21 25 SPH Young Playwrights Scries Presented by the Practice Theatre Ensemble and sponsored by Singapore Press Holdings, the third season of the Young Playwrights series gets under way with hve new offerings by Dana Lam (Ordinary Woman), Kim Ong (Will You Please Jump), Tan Choon Ping (Will You Be There?),248 words
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Article525 1995-01-21 25 Familiar Favourites Choo Hoey once again leads the SSO in this concert with violinist Alexandre Souptel. Works by Beethoven, Stravinsky and Rimsky-Korsakov will be performed. Today, 8.15 pm at the Victoria Concert Hall. Tickets at $6. $10, $14. $20 and $30 available from Sistic outlets. Cliff Richard's 35th Anniversary525 words
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Article, Illustration284 1995-01-21 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 world284 words
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Article567 1995-01-21 25 Selama An exhibition of some 40 recent paintings by the Malaysian artist, Chong Hip Seng. Jan 27 to Feb 12, at the Takashimaya Gallery. Closed on public holidays. From Marco Polo to Wiglington and Wenks... How the World Was Mapped An exhibition that traces the footsteps of the great567 words
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Article246 1995-01-21 25 How to Buy at an Auction In conjunction with the Antique and Estate Jewellery' Auction (see also below). Ralph Dosch. an international expert on such matters, will expostulate on the above topic. Jan 23. 3 pm at the Pavilion. ShangriLa Hotel. Serpents and Dragons What exactly were these mythical246 words
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Article543 1995-01-21 25 Megabugs at the Libraries Not content with just taking over the Science Centre, this exhibition on exoskeletuls has decided to tour the libraries as well. Coming soon to a library near you. Jan 21: 2.30 pm at the Queenstown Branch Auditorium. Feb 11: 2.30 pm at the Ann Mo543 words
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Article144 1995-01-21 25 Shapiro and Smith Dance Co Formed in in 1985, this dance company mixes "breath-taking physicality and piognant themes" into their programme. How do they do it? Only one wav to find out. Feb 10 and 11, Bpm at the Guinness Theatre. Tickets at $25. Basic Photography This144 words
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Article, Illustration156 1995-01-21 25 Christopher Toh - Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Plaza. Junction 8. Liang Court. Raffles City, Scotts, Specialists Centre. 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 at156 words
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EPICURE
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Article, Illustration673 1995-01-21 26 TAN SU YEN - Bon Appetit By TAN SU YEN WFTH just eight rooms, Macau's 130-year-old Hotel Bela Vista may not have much room for too many paving guests but you can still enjoy itscharms over a leisurely meal. The hotel boasts a food and beverage outlet the Bela Vista Restaurant —'that673 words
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Article, Illustration378 1995-01-21 26 JAIME EE - By JAIME EE IP-YOU think Tex-Mex food is just c<sm, beans, chilli and guacamole, well, you're right. Sort of. At Capers Restaurant in the Regant Singapore, they've taken the basic ingredients of Mexican food and turned them into little delights on a plate, courtesy of visiting chef378 words
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Article, Illustration782 1995-01-21 26 N K YONG - Wine By N K YONG OF ALL the wines of Germany, those of the Mosel-Saar-Ruwer are acknowledged as the finest. Prized for their floral character and fruity acidity, they are deliciously attractive. Within this region, individual specificities of vineyard site, exposure782 words
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Article, Illustration976 1995-01-21 28 Andre. A girl and her father adopt a baby seal. True story. Woodlands: 3.15; 7.30. Hougang: 1; 5; 9.15. A Woman Scorned. A deserted wife wangles her way into the family of the guy who set her husband up with the other woman. Changi: 11.15; 145: 4.15; 7.15; 9.30.976 words
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Page 17 Advertisements
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Advertisement185 1995-01-21 17 A K I H g6rald genta I I i i ~?<<i*ir»i SUCCESS CHRONOGRAPH SUCCESS A form that is strikingly simple, a totally new design that has already become a classic this fIHH| is the masters touch of Gerald Genu in the m-1 creation of his Success model. The Gerald .jHl^O.185 words
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Advertisement43 1995-01-21 18 k B T welcomes r S letters from you. N S Please address them r r to; The Editor, j S Business Tiroes. r 390 Urn Seng Rd, J J S'pore 0923. Letters C f should include yvm J [j contact numbers, S43 words
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Page 18 Miscellaneous
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Miscellaneous30 1995-01-21 18 POONESBURY GARRY TRUDEAU \iJWGUKDiraur. V iou BecAUseJca&cs \°X *>' IEES2L! woka* I Sob 8 WeCANFTTWOCZm ROO jiajy CRTHBRCHOfMGHT If WW/ mjHHTHttUTT F M/MTT 1 NIH£CXAM>4fPCB Mm JSr, CJCMHRBAHPTHCt J 1 AKt/TAffSt-30 words
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Advertisement17 1995-01-21 23 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. l^swoAnnt Business Times WOOVABI17 words
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Page 24 Advertisements
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Advertisement0 1995-01-21 24 )<?]&=.([~`}|-={:`=])*->{=%}^{\0 words
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Page 26 Advertisements
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Advertisement342 1995-01-21 26 WHERE TO WINE, DINE AND ENTERTAIN I Olde English Eating House 11 ■1 277 Orchard Rd #02-36 Specialists' Centre S (0923) 111 I $2= CBD PASS! EM When you spend 525/- or more at Fosters for lunch |pj ■p or afternoon tea from Mon-Sat, show us your valid I H342 words
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Page 27 Advertisements
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Advertisement1509 1995-01-21 27 NMUimgßeatsAßud- wheret w,ne inean °entertain or LHpmicookid |Bfl 10 Varieties of Pasta mk I Hi 90 different sauces And all-time Italian favourites A antipasti, pizza and puccia. jUT/. L PASTA FIIESCA DA SALVAJORE PTE LTD I• 30 Boat Quay, S(0104) (Open 24 hours). Tel: 532 6583/53S 3810 TCI P 8k8331,509 words
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Page 28 Miscellaneous
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Miscellaneous2593 1995-01-21 28 TODAY S TV IBHI —m^ County Jr. 7.30 Bingkisan Semasa. [tI"jIBMyHNa 4.00 Walker, Texas Yang Di 5.00 American 8.00 Berita Semasa. tv. puL ■.|i-1 al c y.j. 11% run oh i? World Wrestling Fedora* 8.30 Majalah Wanita. Pick-Up Artist. Bpm. Ch 5 Movie Magic. 6.30pm. tKKI Superstars. 9.00 Berita/Topik Semasa,2,593 words
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