The Business Times, 28 January 1995

Total Pages: 32
1 32 The Business Times
  • 13 1 Business Times MITA(P) 194/12/94 Weekend Edition, January 28-29 1995 WE KNOW ASIA 75*
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  • 719 1  -  By Lee Han Shih SINGAPORE After almost nine years of uninterrupted growth, the market for private houses and apartments is showing signs of peaking. Urban Redevelopment Authority (URA) figures released yesterday show a slowdown last year both in the number of
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  • 405 1  -  From Catherine Ong in DAVOS, Switzerland CHINA has expressed a "positive attitude" towards the proposal for a Europe-Asia summit during a meeting between Chinese vice-premier Zhu Rongji and Singapore Prime Minister Goh Chok Tong yesterday. Meeting on the sidelines of the World Economic
    405 words
  • 652 1 Bloomberg Business News, Reuter, AP WASHINGTON The US economy grew at a stronger-than-expected 4.5 per cent annual rate in the final quarter of 1994 to bring the economic expansion for the year to a 10year peak. Despite the heady expansion,
    Bloomberg Business News,; Reuter,; AP  -  652 words
  • 93 1 Reuter NEW YORK Wall Street stocks dropped yesterday on concerns that the economy may not be able to sustain 1994's strong growth. The Dow Jones Industrial Average was off 20.19 points at 3,850.25 at Ipm EST. In the broader market, advancing issues led declines by
    Reuter  -  93 words
  • 445 1  -  By R Sivanithy SINGAPORE Speculative interest in DBS Land's B warrants, which has been gradually building in the past week, erupted yesterday as the counter shot up 140 per cent to 24 cents on massive volume of 102.61 million units. The
    445 words
  • 163 1 SINGAPORE Markets in the region ended mixed yesterday, with Singapore stocks performing relatively well compared with the marginal gains in Kuala Lumpur and Thailand, and losses elsewhere. The recovery by the Straits Times Industrials Index which began on Tuesday extended into its
    163 words
  • 160 1 Stock Mriict indices Friday Change STI1 2,035.00 34.10 KLSEComp 883.29 +5.93 Nikkei 18,104.35 +33.51 Hang Seng 7,297.12 -13.41 SET Index 1,214.78 +4.80 Jakarta Comp 437.15 +2.69 CLSA China B 811.40 -1.19 AustAllOtd- 1,862.6 +12.3 FTSE 100 3,022.2 +14.9 Friday Preriowi Ipm EST chMe Dow Jones 3,850.25 3,870.44 Average of prime
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  • Page 1 Advertisements
    • 26 1 }(;]")@\;?.>-@@}|*}/?:=?;"[(~%' More reports on World Economic Forum, Pg 4: UN's warning to world corporate chiefs China will honour business commitments: Zhu George Soros warns of world chaos
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    • 8 1 Ex-Fed chief sees further rate rise*. P® 4
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    • 57 1 =,(-]=&@'.,~%.{<?>_]].*<;:{'<$; Papers to cost 10 cents more FROM Feb 1, all newspapers published by Singapore Press Holdings will cost 10 cents more. The cover price increase, the first in a decade or more for some of the group's newspapers, follows sharp rises in newsprint prices. See Pg 6 Tech Semiconductor
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    • 182 1 TV I JB ar— Plunging into DBS Land B warrants? Think again, Pg 6 Why are DBS Land B warrant holders selling at the current price? EL 2 RHAPSODY IN BLUE hand-enamelled Lm*JlVi in blue, green, red fg and white yl ML I jtj" ISM *HPB Chronometer San Marco in
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    • 3 1 Ml 8 *****1'*****2
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  • SINGAPORE NEWS
    • 411 2  -  By Claire Leow Semiconductor will invest US$45O million (*****.5 million) more to build a second plant in March. The first product from it is expected in late 1996. Tech, a high-technology ■joint venture including the Singapore government as a partner,
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    • 245 2 OCBC Bank launched its EasiCheck service yesterday a cheque deposit system that automatically captures details such as cheque numbers. OCBC retail electronic banking vice-president Coreen Kwan says depositors no longer need to fill in a slip. Nor do they need an ATM card. They simply put
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    • 191 2 THE Economic Development Board yesterday announced changes to its board of directors from Feb 1. Philip Yeo, who has been chairman since 1986, has been reappointed in that role for a two-year term, until Jan 31, 1997. Lim Pin, vice-chancellor of
      191 words
    • 237 2 PROPERTY consultant Jones Lang Wootton Singapore has accepted the surprise resignation of its long-time head Edmund Tie with immediate effect, and elected Colin Moore, the No 2 man, to temporarily replace him. A JLW statement said the firm accepted Mr
      237 words
    • 149 2 THE Trade Development Board will take the lead in setting up the proposed Central Business Library, which will serve as a one-stop centre for business information and market intelligence in Singapore, the board said yesterday. The board's Trade and Investment Information Centre (TICC) will
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    • 42 2 Corrections clarifications IN OUR REPORT yesterday headlined "SM Summit's dismal showing sparks re-rating of IPO prices", we wrongly gave the overall subscription rate for Summit's IPO as 17.13 times. It should have been 17.13 per cent. We are sorry for the error.
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    • 199 2 THE 3 per cent Goods and Services Tax (GST) will not be levied on Singapore Telecom's international telecommunications services from this month. Telecom said the new tax treatment would help maintain Singapore's position as a telecommunications hub. Last year, Telecom reduced International Direct Dialling
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    • 420 2  -  By Kenneth James STUDENTS of the National University of Singapore will be among the first in the Republic to enjoy video-on-demand (VOD). But for now the films they call up will star their lecturers and notable academics such as the Lee Kuan Yew Distinguished
      420 words
    • 342 2 THE heads of two of Singapore's listed electronics companies have been listed among the top 10 Asian executives of 1994 by the magazine Electronics Business Asia. The Magazine said in its December issue that Creative Technology founder Sim Wong Hoo who at
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    • 227 2 PIDEMCO LAND is still deciding whether to take part in a $435 million office, commercial and residential complex in Beijing. Responding to a report yesterday in Lianhe Zaobao, Pidemco said it "has yet to decide on its participation in the project and
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    • 357 2 FANCY a flight by hot-air balloon, a hike on a glacier, watching whales frolicking, or walking through a bird colonies inhabited by thousands of albatrosses or penguins? These are the adventure and nature-based activities that will be pitched at Singaporeans by the New
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  • Page 2 Miscellaneous
    • 378 2 I WEATHER Singapore: Cloudy with occasional showers. Temperature (24-31*). Asia-Padfle NVU* Cmi. Can** Hi/La Cast BuenoaAm 29/15 Ctax* lutMand 24/17 Sonny Amsterdam 07,06 Raai ClwafD 02/-3 Cloudy frawMi 34/23 Cloudy Athens 18/09 Cloudy MonoMu 27/19 Cloudy 02/-1 I Cloudy Berlai 04/-1 Cloudy Houston 22/12 Tstorms Bombay 31/19 Sunny Bonn 07/01
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  • THE REGION
    • 544 3 Reuter NEW DELHI South African President Nelson Mandela yesterday said moves by India and South Africa towards an Indian Ocean rim trade bloc were no cause for alarm. "There are trading blocs in various parts of the world," Mr Mandela told
      Reuter; AFP  -  544 words
    • 298 3 Reuter, AFP TAIPEI Taiwan yesterday said it will reshuffle its highest advisory body dealing with the issue of reunifying with its arch-rival China. The National Unification Council, adviser to President Lee Teng-hui, will be reorganised to reflect changing realities in Taiwan's relations with its
      Reuter,; AFP  -  298 words
    • 533 3 Reuter, AP BOMBAY India's numerous private television projects are suddenly facing a crisis with the launch of some 25 channels thrown into uncertainty after the crash of China's Apstar 2 satellite. "The launch of some top-notch television channels has now been
      Reuter,; AP  -  533 words
    • 386 3 Bloomberg Business News BEIJING Media magnate Rupert Murdoch is shoring up his contacts with the family of China's ailing patriarch Deng Xiaoping, with the latest gesture being the sponsorship of Mr Deng's son on a trip to Australia. Last month,
      Bloomberg Business News  -  386 words
    • 410 3 AFP MANILA Bank of China chairman Wang Xuebing said on Thursday he foresaw stiffer foreign competition and lower interest rates as among the challenges facing Asian banks in the future. Speaking at a conference of Asia-Pacific bankers in Manila, Mr Wang
      AFP  -  410 words
    • 265 3 AFP SHANGHAI Shanghai banks have been asked to make credit tightening to control inflation the main task for the year, according to a central banker. Mao Yinliang, the president of the Shanghai branch of the People's Bank of China, said however that the
      AFP  -  265 words
    • NOTE BOOK
      • 72 3 Reuter BEIJING US and Chinese negotiators made slow progress in last-ditch talks on copyright piracy in China yesterday and pledged to work through the weekend in an effort to avert a trade war looming just one week away. Foreign Ministry spokesman Shen Guofang said
        Reuter  -  72 words
      • 46 3 AFP JAKARTA A man reading the first issue of the new magazine Tiros (Indonesian for circulation) at a bus stop on Thursday. Tiras is a revival of the magazine Editor which was banned along with two others on June 21 last year. AFP
        AFP  -  46 words
      • 133 3 Al Labita MANILA Malaysian Prime Minister Mahathir Mohamad will arrive here today to launch Proton Saga's debut in the Philippine car market, officials said yesterday. The launch, hosted by Proton Philippines Corp (PPC), comes almost a year after Mr Mahathir's first official visit to
        Al Labita  -  133 words
      • 97 3 Reuter HONGKONG The Hongkong government said yesterday it was shelving plans for an old-age pension scheme after receiving insufficient support. Acting Secretary for Education and Manpower Jacqueline Willis told a news conference the government received over 6,600 submissions during a three-month public consultation period and
        Reuter  -  97 words
    • 206 3 AFP MANILA The Philippine government may impose a tax on short-term inflows of foreign capital to prevent unwanted exchange-rate volatility, the Finance Department said yesterday. Finance Secretary Roberto de Ocampo, attending a regional banking conference here, said Manila was undertaking a study on
      AFP  -  206 words
  • Page 3 Advertisements
    • 168 3 SAMUDRI KHAZANA (23 Jan 5 Feb 1995) Pamper yourself with some of the best seafood in town done in traditional Tandoor style. Seafood Samosa is filled wiih baby prawns, ikan kurau and icnggiri fish Jalpari offers a whole pomfrci cooked in ihe tandoor oven Nargisi Lobster has a fresh jumbo
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  • REGION/WORLD
    • 386 4  -  Annual meeting of the World Economic Forum Reports by Catherine Ong in DAVOS UNITED NATIONS Secre-tary-General Boutrous Bou-trous-Ghali told world corporate leaders yesterday that they should not be seen as "predators" in emerging economies as they have a role to play
      AFP  -  386 words
    • 418 4 CHINA'S vice-premier Zhu Rongji yesterday assured world corporate leaders that the Chinese government would honour its international commitments, and would abide by international rules governing businesses. The statement comes at a time when foreign investors are concerned about Chinese
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    • 100 4 Bloomberg Business News BEIJING Chinese VicePremier Zhu Rongji has told Swiss government officials and bankers in Davos that a new generation of leaders is firmly in place to carry on economic reforms associated with ailing 90-year-old leader Deng Xiaoping. In a meeting with Swiss Foreign Minister
      Bloomberg Business News  -  100 words
    • 282 4 BILLIONAIRE fund manager George Soros warned yesterday of a "period of world disorder" because of the failure of the West to respond constructively to the collaspe of communism in the former Soviet Union. Speaking at a panel discussion on Challenges
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    • 263 4 Reuter DAVOS, Switzerland Failure to deal with the Mexican financial crisis could lead to a 1929-like collapse of world trade. Bank of Tokyo chairman Toyoo Gyohten said yesterday. Mr Gyohten, a former Japanese vice-minister of finance for international affairs, said
      Reuter  -  263 words
    • 430 4 Reuter NEW DELHI The Indian government yesterday announced an end to a 38-year-old ban on options contracts, opening the door to a wide range of new financial instruments in one of the most promising developing economies. The surprise decision marked a
      Reuter  -  430 words
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    • 271 4 Reuter TOKYO The Brunei government will take a 20 per cent stake in a small Japanese brokerage, Century Securities Co Ltd, a Century executive said yesterday. Industry analysts said it would be the first foreign stake in a Japanese securities house licensed
      Reuter  -  271 words
    • 194 4 Reuter NEW YORK Former Federal Reserve Board governor Wayne Angell said predictions of an economic slowdown in 1995 are premature, adding that he expects the Fed to boost short-term interest rates by another 200 basis points this year to cool the
      Reuter  -  194 words
    • 244 4 AFP MANILA President Fidel Ramos has called on the private sector to help ease a colossal housing shortage of nearly four million units, saying the government could not hope to cover the U5523.5 billion (Ss34 billion) cost. "I came into the
      AFP  -  244 words

  • THE WORLD
    • 513 5 NYT MEXICO CITY The International Monetary Fund (IMF) has tentatively agreed to lend Mexico US$7.B billion (SSI 1.3 billion), the largest loan made by the organisation in its 50year history. Mexican officials announced the news here on Thursday even as the US
      NYT; Reuter  -  513 words
    • 469 5 The Washington Post WASHINGTON The House on Thursday night approved a balanced budget amendment that would discourage Congress from spending more than it raises in revenue but rejected a controversial provision requiring a three-fifths majority to increase taxes. The final 300 to 132 vote,
      The Washington Post  -  469 words
    • 289 5 AP PARIS Debt-ridden tycoon Bernard Tapie lost a bid to salvage his political career yesterday when a judge rejected his request to suspend a bankruptcy ruling that would bar him from holding office for five years. The ruling by Myriam Ezratty,
      AP  -  289 words
    • 479 5 NYT MEXICO CITY Mexican officials strongly denied on Thursday that they would agree to block migrants from crossing illegally into the US or give American officials greater influence over their anti-drug efforts in return for US$4O billion (SSSB billion)
      NYT  -  479 words
    • 349 5 Reuter GENEVA A row between exporting and importing countries over a new textile overseeing body under the World Trade Organisation (WTO) may force postponement of the organisation's first major meeting next week, trade envoys said yesterday. The two sides
      Reuter  -  349 words
    • 252 5 Reuter BONN Germany's opposition Social Democrats (SPD) yesterday presented legislation intended to limit the influence of the country's powerful banks and insurance companies in industry. They unveiled a draft "Law on Improving Transparency and Limiting the Concentration of Power in the German Economy,"
      Reuter  -  252 words
    • 429 5 AFP WASHINGTON The European Union and the US hashed out their differences in Washington on Thursday when French Foreign Minister Alain Juppe and European Trade Commissioner Leon Brittan met US officials. Mr Juppe, who is acting head of the European Union, vowed before
      AFP  -  429 words
    • 88 5 Reuter WASHINGTON US and Japanese trade negotiators were to meet again yesterday on car and car parts to try to tackle some of the "many problem areas" US officials need to be worked out before agreement can be reached. Negotiators planned a full day
      Reuter  -  88 words
    • 69 5 Reuter MOSCOW Russian monthly inflation could quicken to 20 per cent in January from 16.4 per cent in December, according to a report from central bank statisticians yesterday. They said a rise in cash in circulation between April and August last year was the
      Reuter  -  69 words
    • 106 5 Reuter BONN Sports car maker Porsche AG said yesterday it reached break-even in the first half of its 1994/95 business year after several years of losses. Porsche lost 114 million deutschemarks (S$ 109 million) in the first half of 1993/94 and 120 million deutschemarks
      Reuter  -  106 words
    • 86 5 AFP BONN German economics minister Guenter Rexrodt expects 3 per cent economic growth in Germany this year, 2.5 per cent in the west and 8 to 10 per cent in the east, he told the Business Conditions Council on Thursday. He also said
      AFP  -  86 words
    • Article, Illustration
      62 5 Reuter OSWIECIM, Poland A woman mourning in silence at a remaining part of the gas chambers during a ceremony to mark the 50th anniversary of the liberation of Auschwitz on Thursday. An estimated 1.5 million people were killed here, about 90 per cent of them Jews who were
      Reuter  -  62 words
    • 249 5 AFP WASHINGTON The publisher of a Korean newspaper in Los Angeles has opened a consulting firm for businessmen interested in doing business in North Korea, a spokesman for the firm said on Thursday. Won Har Kim, the publisher of New Korea,
      AFP  -  249 words
  • Page 5 Advertisements
    • 40 5 Financial fSSSSJ News IV(u]| A Quick Look At The I I Markets I Call 24 hours a day I SES KLSE midday reports, closing I I market reports and Cost: 30 cents a minute rean,scdby: INRlfline An SPH AudioTex Service
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  • COMPANIES & MARKETS
    • 386 6  -  By Amy Balan FROM next month, all newspapers published by Singapore Press Holdings will cost 10 cents more a copy. The price increase "has been made necessary by the steep and sudden increases in the price of newsprint," SPH
      386 words
    • 176 6 SINGAPORE International services and marketing group Inchcape has been appointed exclusive distributor for Timberland, the American outdoor apparel, accessories and footwear manufacturer, in Singapore and the region. The agreement includes Inchcape's acquisition of Timberland's Australian and New Zealand businesses for US$24 million (5534.8 million). A statement
      176 words
    • 252 6 SINGAPORE Amcol Holding's associated company, Shanghai Trio Property Development Company (STP), has obtained in-principle approval for the design of its US$225 million (***** million) Chinese office and residential blocks project in Hongqiao, Shanghai. The approval was obtained after a design development meeting on Thursday between
      252 words
    • 216 6  -  By Corinne Kerk SINGAPORE Singapore Technologies Holdings (STH) yesterday announced changes to the boards of Singapore Aerospace (SAe) and Singapore Shipbuilding and Engineering (SSE). Rear-Admiral James Leo becomes a full-time executive director of SSE from Feb 1. And on Mar 15 he becomes
      216 words
    • 956 6  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE The intense interest in DBS Land's B warrants seen over the past few weeks and the large price swings must be tempting to many punters who are looking to make a quick buck by either
      956 words
    • 491 6  -  From Catherine Ong in DAVOS CITIBANK Global Asset Management is looking out for buying opportunities in the Far Eastern and Latin American equities markets despite the prevailing bearish sentiment among investors. Chief Investment Officer Robert Michaelson told BT that
      491 words
    • EYE on your STOCKS
      • 19 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance <f Investment section)
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      • Article, Illustration
        121 6  -  -By Quak Hiang Whai THE daily and weekly charts indicate Hotel Properties should continue its rebound during the next few sessions. The nine-day and nine-week moving averages have similar patterns with the MAs cutting the price lines from below, indicating possible northward movements. Daily and weekly RSIs are
        121 words
    • SHIPS IN PORT
      • 517 8 Vessel Voy No Berth Unftil Departite Vessel Voy Ho Berth Arrival Departwe Ivronx Part luck,Star 1/95* P01* 28 01/2130 29 01 1500 BUS 185 B PH02 118 alongsi* 28-01/0600 M/Partner 27/01* POM 28.01/1630 28.01/2300 Hondo 01/01/95 J1 alongs* 28 01/1300 Mahkota Eip *22/95 POM 27 01/1600 2/01/1/00
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      • 1666 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy Ho Etb/Btr Period From To From Aci I223* 29/0400 28 27/1/00 28 0659 28 0900 4 28/1200 28/1459 2»/l/00 "Jifca C101W 30/0415 1* 2//1500 2//1659 111 1900
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    • COMPANIES
      • 395 7  -  From Ruth Wong in KUALA LUMPUR DIVERSIFIED group Malaysian Resources Corporation Bhd (MRCB) is set to clinch a portion of the billion-ringgit 500 kilo Volt (kV) power cable supply contract in the next few weeks, MRCB executive vice chairman
        395 words
      • 337 7 KUALA LUMPUR Worldwide Holdings Bhd, whose turnover increased sharply from Ms2o million (S$ 11.35 million) in 1993 to Ms9o million last year, hopes to embark on infrastructure projects by the first quarter of this year. Managing director Azman Mahmood told Star Business that approval for
        337 words
      • 404 7 MBT KUALA LUMPUR The diversified Lion Group of companies, owned by William Cheng, may be venturing into the latest money-spinner private education. According to sources, the Lion group has acquired a licence to take over from the Hong Leong Group
        MBT  -  404 words
      • 563 7 Mimic*"' prtew Jan 28 30 us Gr Fund 0.95 0.98** Singapore Unit Trust DOB Asset Mgt Ltd The Commerce 1.53 1.62 Unifund 1.28 1.33 The Savings Fund 1.45 1.53 Umbond+ 1.02 1.045 S'pore Prog Fund 0.54 0.57 United Gr Fund! 1.53 1.59 Spore Sec Fund 0.90 0.95 United Asia Fund
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      • 53 7 AFP JAKARTA Vice president of BMW Motorcycle division Uhland Burkart riding a Boxermachined RllOO RS which will be produced by one of its first overseas assembly plants on Thursday. BMW gave a license to the Indonesian firm PT Wisana to assemble these motorcycles for the newly deregulated
        AFP  -  53 words
      • 463 7 Bernama KUALA LUMPUR Petroliam Nasional Bhd has awarded the contract to build its second Malacca refinery, known as Petronas Second Refinery 2 (PSR), to a consortium of four companies, president Azizan Zainul Abidin said yesterday. The consortium, comprising Chiyoda Corporation of Japan,
        Bernama  -  463 words
      • 404 7  -  From Al Labita in MANILA A GROUP associated with Malaysia's Westmont Holdings has bought into a mining firm, raising speculations the conglomerate is back on a buying binge. Led by Westmont Bank president Edgardo Espiritu, the group has just revealed
        404 words
      • 376 7 Bernama JOHOR BARU Malaysian General Investment Corporation Bhd (MGICB) has entered into a joint equity capital participation with Tropical Villa (Desaru) Sdn Bhd (TVSB) to develop 334 units of apartments on a 10.4 ha beachfront land in Desaru. The proposed development will
        Bernama  -  376 words
      • 51 7 SINGAPORE Pan-United Corporation announced yesterday that it had increased its equity stake in subsidiary United Cement by subscribing to 2.55 million shares and an equal number of preference shares, both at $1 apiece. The funds would provide new working capital for a cement silo terminal
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      • 55 7 SINGAPORE Pan-Malayan Holdings said it had incorporated a wholly-owned firm in Singapore, PMH Olderfleet Investment, with an authorised capital of $1 million. It has also bought up all the issued shares of two overseas firms Dallbrook Pty Ltd of Australia, and New Horizon Group Inc
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      • 69 7 SINGAPORE CWT is to acquire a 70 per cent stake in Camsin Corporation for $1.45 million. Camsin, which is incorporated in Singapore and has a 15-year licence to operate a berth in Cambodia's Sihanoukville port, will provide logistics support for offshore operations and port
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      • 55 7 SINGAPORE Flextech Holdings has formed a new subsidiary for its multimedia operations with a paid-up capital of $100,000. The company. Multimedia Junction Pte Ltd, is an offshoot of another Flextech company, Electec. It will act as a distributor of multimedia products developed by a US-based CD-ROM software
        55 words
      • 69 7 Bernama KUALA LUMPUR The Malaysian Central Depository Sdn Bhd will impose a deposit fee of Mss (SS2.B) for every certificate deposited during a prescribed period of a prescribed security, from May 2. The deposit fee represents 50 per cent of the actual fee that has been
        Bernama  -  69 words
      • 58 7 Bernama KUALA LUMPUR Petroliam Nasional Bhd's president and chief executive officer, Azizan Zainul Abidin, will become nonexecutive chairman on Feb 10. Petronas senior vice-president of finance, Mohd Hassan Marican, will be the new president and CEO of the national oil corporation, Mr Azizan said after
        Bernama  -  58 words
      • 43 7 Bernama KUALA LUMPUR Anson Perdana Berhad has reported a substantial increase in group pre-tax profit of M 53.7 million (Ss2 million) the year ended Aug 31, 1994, compared with M 51.67 million previously. No dividend was recommended. Bemama
        Bernama  -  43 words
      • 61 7 Bernama KUALA LUMPUR Ferry operator Nauticalink Bhd made an impressive debut on the Kuala Lumpur Stock Exchange's second board when it opened at M 52.10 (551.19), a premium of 80 sen over its offer price of M 51.30. Turnover amounted to 1.465 million shares. It closed
        Bernama  -  61 words
      • 415 8  -  By S N Vasuki KOREA Electric Power Corporation (Kepco) is targeting South-east Asia for its expansion drive and analysts say the utility is keen on building and managing power plants in the region. In its first overseas electricity deal. Kepco recently
        415 words
      • 314 8 Bloomberg Business News HONGKONG The "Big Bang" for Hongkong's telecommunications industry is set to fizzle out because China has delayed giving its approval. The Hongkong government plans to license three companies to compete with the current monopoly franchise-holder Hongkong
        Bloomberg Business News  -  314 words
      • 42 8 Reuter KUALA LUMPUR Sunil Sreenivasan (right), country corporate officer of Citibank Bhd, comparing notes with Young Man Kwan, director of Samsung Display Devices, at the signing ceremony of Samsung's US$lOO million (Ssl4s million) floating rate note issue here yesterday. Reuter
        Reuter  -  42 words
      • 413 8 Reuter TOKYO Struggling Japanese audio-visual equipment makers will likely follow the example of Akai Electric Co, which said on Thursday that it would be taken over by a major Hongkong-based group, analysts said. Loss-making Akai said it would allocate new shares to
        Reuter  -  413 words
      • 326 8 Bloomberg Business News TOKYO Sumitomo Bank Ltd, Japan's fourth largest bank, yesterday said it expected a current loss of 280 billion yen (554.09 billion) for the year ending March 31, thanks to a major write-off to cover bad
        Bloomberg Business News  -  326 words
      • 227 8 Bloomberg Business News HONGKONG San Miguel Brewery said 1994 net profit surged nearly 95-fold following the sale of its Hongkong brewery. After-tax profit rose to HKS3.O3 billion (*****.4 million) in the year ended Dec 31 from HK532.2 million a year earlier, the company said
        Bloomberg Business News  -  227 words
      • 400 9 Reuter LONDON The London Stock Exchange (LSE) yesterday said it was introducing new moves, including halting trading in specific shares, in a bid to cope with leaks of pricesensitive news announcements. The exchange said it would increase the use of its existing
        Reuter  -  400 words
      • 341 9 Bloomberg Business News NEW YORK Time Warner Inc, pursuing its "cable clustering" strategy, yesterday said it agreed to acquire the KBLCOM unit of Houston Industries Inc for US$l billion (Ssl.4 billion) in stock and the assumption of US$l.24 billion in debt. KBLCOM owns
        Bloomberg Business News  -  341 words
      • 402 9 Bloomberg Business News NEW YORK Procter Gamble Co, Gillette Co and Dial Corp posted strong gains in earnings for the quarter ended last December, as the oncebeleaguered consumer goods industry continued to recover in the US and key foreign markets. Helped
        Bloomberg Business News  -  402 words
      • 183 9 Bloomberg Business News DALLAS Dr Pepper/SevenUp Cos accepted a U552.54 billion buyout offer from Cadbury Schweppes pic. The London-based company will be in a position now to do battle with US market leaders Coca-Cola Co and Pepsico Inc. Coke and Pepsi control 70
        Bloomberg Business News; Reuter  -  183 words
      • 481 9 Bloomberg Business News NEW YORK Results from three airlines on Thursday raised questions about the strength and scope of an industry turnaround. Continental Airlines Inc lost money in the fourth quarter, and Southwest Airlines Co's quarterly profit fell, both
        Bloomberg Business News  -  481 words
      • 132 9 Bloomberg Business News WASHINGTON MCI Communications Corp's fourth-quarter earnings rose 22 per cent as revenue from higher-margin products offset a slowdown in long-distance traffic growth. The No 2 US long-distance provider said profit from operations increased to US$243 million (***** million), or 35 US
        Bloomberg Business News  -  132 words
      • 512 9 Bloomberg Business News ATLANTA Coca-Cola Co said fourth-quarter earnings rose 22 per cent as it posted volume increases in most of its international regions, particularly in emerging markets such as China and Eastern Europe. The world's largest beverage company reported net
        Bloomberg Business News  -  512 words
      • COMPANY BRIEFS
        • 89 9 Bloomberg Business News HOUSTON Shell Oil Co said on Thursday that its fourthquarter profit surged 73 per cent as income from its chemical division soared and cost-cutting measures yielded good results. The unit of Royal Dutch/Shell Group said its profit from operations rose to
          Bloomberg Business News  -  89 words
        • 51 9 Bloomberg Business News MIDLAND, Michigan Dow Chemical Co's fourth-quarter earnings quadrupled on soaring basic chemical earnings and increased productivity. The company said profit from operations rose to USS364 million, or US$l.3l a share, from US$B6 million, or 30 US cents, a year ago. Bloomberg Business
          Bloomberg Business News  -  51 words
        • 88 9 AFP SHANGHAI The Shenzhen Stock Exchange will allow ail B shares listed on the bourse to go for secondary listing on the Hong Kong Stock Exchange, an official was quoted yesterday as saying. Mayor Li Youwei said Shenzhen had already discussed the secondary
          AFP  -  88 words
        • 75 9 Bloomberg Business News KALAMAZOO. Michigan Upjohn Co said on Thursday that fourth-quarter earnings fell 31 per cent as "intense" competition from generic drugs caused sales of its leading drugs to slump. Upjohn, which makes the tranquilliser Halcion and the hair growth restorer Rogaine. said profit from
          Bloomberg Business News  -  75 words
        • 86 9 Bloomberg Business News MILWAUKEE Philip Morris Co's Miller Brewing Co is part of an investor group that bought a 60 per cent stake in two major Chinese breweries for US$lOO million. The agreement involves Five Star Beer Group Ltd China's second-largest brewery and maker
          Bloomberg Business News  -  86 words
        • 78 9 Bloomberg Business News NEW YORK AT&T Corp said on Thursday it will sell 35.9 million of its shares held by British Telecommunications pic in a public offering expected to fetch British Telecom US$l.76 billion. AT&T said it expects to offer the shares at U5549.75 each.
          Bloomberg Business News  -  78 words
      • 432 9 Reuter CHICAGO If McDonald s Corp has its way, there will be Big Macs for sale on just about every street corner worldwide. The world's largest fast-food company said on Thursday, as it reported higher fourth-quarter and full-year results, that it plans to open up
        Reuter  -  432 words
    • FINANCE & COMMODITIES
      • 531 10 Bloomberg Business News BANGKOK At least four new mutual funds owned by alliances of banks and finance companies will open for business in Thailand over the next few days, aimed at giving a psychological boost to the moribund stock market. In
        Bloomberg Business News  -  531 words
      • 489 10 DBS Bank weekly currency review US$/DM: 1.5040 met, greenback turning around? The greenback range traded between 1.5070 and 1.5157 for the first two days of the week before it dipped briefly to 1.5040 on Wednesday. It made a sharp recovery on the same day to
        489 words
      • 148 10 SINGAPORE The Singapore branch of the Industrial and Commercial Bank of China yesterday raised a US$75 million (S$ 108.8 million) loan for general working capital. Arranged by Banque Francaise de Commerce Exterieur and co-arranged by DBS Bank and Mitsubishi Trust Finance (Asia), the
        148 words
      • 148 10 NYT NEW YORK J P Morgan Co, the commercial banking concern that has also become a Wall Street securities firm, is now falling victim to Wall Street's roller-coaster cycles. The company confirmed on Thursday that it planned to lay off
        NYT  -  148 words
      • 265 10 SINGAPORE The Singapore International Monetary Exchange (Simex) raised margin requirements for some of its financial instruments yesterday. In a circular to exchange members, Simex said that the margin requirement for its Nikkei 225 futures contract was now 500,000 yen (557,323), up from
        265 words
      • 138 10 SINGAPORE Credit card vendor MasterCard International has appointed Timothy Malloy as senior vice-president of strategic planning for AsiaPacific. This is a newly created position and Mr Malloy will work closely with the company's nine offices in the region and its members to develop a
        138 words
      • 333 10 Knight-Ridder SINGAPORE Indian robusta growers may avoid hedging on a new Singapore robusta coffee contract that is scheduled to be launched next month. Indian and Singaporean market sources said. Unlike the London Commodity Exchange, Singapore's new coffee futures lack a valuing system, and does
        Knight-Ridder  -  333 words
      • 250 10 ENERGY REPORT Reuter LONDON Sharp cuts in European refinery throughput which will slash crude demand here by about 15 per cent continued to put pressure on world oil prices. Simultaneous moves by several oil majors to combat appalling profit margins
        Reuter  -  250 words
      • 189 10 Reuter LONDON The dollar drifted aimlessly during an extremely quiet European morning session with the market seeking fresh incentive. Traders were awaiting the 1330 GMT release of forth quarter US GDP data but they said it was unlikely to have much impact. "It seems to have been the
        Reuter  -  189 words
      • 93 10 AFP NEW YORK The dollar fell back against other major currencies in early trading here, unable to counter strong technical resistance despite the publication of favourable US economic figures. At 1500 GMT, the dollar stood at 1.51 SO marks against 1.5175 on Thursday. The dollar also fell from
        AFP  -  93 words
      • Article, Illustration
        1480 10 /larfr-arrgAfcW index cakulaleJ again-J S'pure'\ lap 14 iraJinf partnen Ba« year HWS US$/S$ forward rates Noon Jan 27 s$ Bid Oder 1-month ***** 1.4479 2-moMh 1.4432 1.4447 3-month ***** 1.4420 6-month ***** 1 4345 Samr: OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sm m 1m 27 Singapore dollars
        1,480 words
    • COMMODITIES & FUTURES
      • 1317 11 SIMEX RfPOflT Reuter SINGAPORE Simex Eurodollars were firmer and Euroyen futures steady at the close. Dealers said the underlying sentiment for Eurodollars remained bullish and European participants came into buy in the afternoon session. The market had rallied overnight on expectations the US economy has begun
        Reuter  -  1,317 words
      • 695 11 COMMODITY REPORTS KL Tin TIN price on the KLTM eased 22 sen to close at MS 15.90 yesterday in the absence of buying interest. Dealers attributed the fall this week to continued large offerings and buyers' reserve ahead of the long Lunar New Year
        695 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 109 11 BANGALORE, India The weekly India CofTee Board auction scheduled for Wednesday will not be held as stocks are running out ahead of a threatened auction boycott from Feb I by growers. At its auctions every Wednesday, the state-administered board has offered bidders an average 1,000 tonnes.
          109 words
        • 90 11 SYDNEY A proposed environmental carbon tax would cost Australian aluminium-makers on average up to A 5257.11 (*****.30) per tonne in lost pre-tax profits, an industry-backed report released yesterday said. The report cautions the federal government against approving a carbon levy as part of a far-reaching
          90 words
        • 56 11 TOKYO China exported 101,524 tonnes of sugar in November, bringing total Jan-Nov sugar exports to 875,658 tonnes, down 49.5 per cent from Jan-Nov 1993, according to China's official external trade statistics. Jan-Nov sugar imports were 1.28 million tonnes, up 201 per cent from the same
          56 words
        • 43 11 TOKYO China's exports of unwrought zinc and its alloys were 16,784 tonnes in November, according to official external trade statistics. Jan-Nov exports were 204,668 tonnes, up 46.6 per cent frijim the same period in 1993, the report said.
          43 words
      • 1421 11 Rubber Jan 27 Singapore Commodity Exchange Pkyskal Prices (futures closing as at 5.30pm) Buyers Sellers As at 12 aeon (S ccnts/kg) RSS 1 Contract (S cents/kg) r v pj— RSS 2 Feb 95 258.50 259.50N Month High Low (tonnes) IntcES RSS 3 Feb 95 257.50 258 50N RSS
        1,421 words
    • REGIONAL STOCK MARKETS
      • 1039 12 +12.3 SHARES closed firmer yesterday amid heavy trade boosted by the nearing end-of-month expiry date on options to buy and sell shares, brokers said. The key All Ordinaries Index closed at 1,862.6, up 12.3 points from Thursday's close. The All Industrials Index ended 18.3 higher at 2,712.2, while the
        1,039 words
      • 655 12 -36.35 Share prices fell 1.49 per cent -yesterday as investors locked in ■profits after a two-day rebound. J The PSE Index was pegged jback by 36.35 points to close at E,403.96. Turnover was 8.83 Million shares valued at 1.16 bilflion pesos. p An analyst said the market fiwas weighed
        655 words
      • 495 12 -20.79 The Seoul bourse lost momentum yesterday, with the Composite Price Index plunging 20.79 points to close at 907.06, plagued by revived concerns about a financial pinch. Turnover was sluggish with 21.5 million shares valued at 457.7 billion won changing hands. Decliners totalled 739 shares, with 503 shares dropping
        495 words
      • 470 12 Taipei Jm 26 T$ TT- V^T AM Sincere I ml 2.70 unch 1046 Asafonrtl 54 00 10 50 2867 Catha>Conslr 4150 uiwh 21*0 Cathay Life Ins ***** 100 2738 <hang H»a Bank ***** 200 J2J3 (liem Loons 4120 0 50 7*27 Chia Hsin rmrm 38 40 0 90 ***** <hu
        470 words
      • 301 12 19.87 Shares rose for a second day, on the belief that interest rates may be nearing their peak, traders said. Foresters Fletcher Challenge and Carter Holt Harvey continued to recover after a sell-ofT earlier this week. The NZSE Capital Index gained 19.87 points, to 1,942.88. However, the index
        301 words
      • 133 12 Stocks, led by petrochemical and textile company Reliance Industries, rose as newly opened domestic mutual funds entered the market. A US$lOO million mutual fund managed by the General Insurance Corp and a US$5O million fund managed by Icici bought stocks selectively. Money for the funds was raised in December,
        133 words
    • WORLD STOCK MARKETS
      • 776 12 +14.9 SHARES closed with solid gains and dealers noted good buying across the board after the market overcame a hesitant start when bid speculation boiled up again in the afternoon. The FTSE-100 finished up 14.9 points at 3,022.2, ignoring weaker Wall Street prices in early trading. "The bid story
        776 words
      • 182 12 -12.15 French shares finished sharply lower, after rumours resurfaced in the foreign exchange market that Prime Minister Balladur was under pressure to resign following a press report alleging covert political funding. A source close to Balladur denied rumours there were plans to hold a news conference to announce he
        182 words
      • 178 12 -10.23 German shares end postbourse Ibis trading down slightly, erasing very modest bourse session gains. Brokers said that the shift of money from stocks into bonds seen as a reason for slide. But support at the 2,020 level is seen holding in the near-term. The DAX Index ended down
        178 words
      • 159 12 +4.0 Some follow-through buying from Thursday when the market recovered from a strong oversold position and improved sentiment on the bond market pushed Belgian shares to a moderately higher close. The rally, however, was capped by strong overhead resistance above the 1,360 level, which traders said may be difficult
        159 words
      • 173 12 11 Italian shares were little changed after a muddy session which lacked inspiration or direction as scant news emerged from politics. "It's in a holding pattern, it's flat and without any trend," said one trader. The vote of confidence in the Upper House of Parliament next week is largely
        173 words
      • 240 12 1.73 Dutch shares picked up pace in late trade, helped along the way by early gains on Wall Street and chirpier Dutch bonds. But dealers say the session's gains remain fragile, since Friday jitters meant volumes were low. "The market is a bit better, but the turnover is very
        240 words
      • 144 12 +0.36 Investors on the Stockholm bourse were biding their time in mixed trade with irregular to higher prices. "It's an incredibly boring market. Many are away and few take an active hand in the trade," a broker said, and added that no one wants to take on risk over
        144 words
      • 275 12 -6.1 Swiss shares ended slightly lower in thin trading after a lack of follow-through buying led to a reversal of modest gains seen at the start of the session, dealers said. Next week's trend will depend on how the dollar holds up in forex markets, one dealer said. The
        275 words
      • 293 12 +19.7 South African shares finished mixed yesterday after steep declines earlier in the week, dealers said, with bet-ter-than-expected US fourth quarter GDP figures offering late support. Traders said sentiment remained cautious after this week's losses and as bullion tested US$3BO an ounce. The Overall Index closed 0.3 up at
        293 words
      • 237 12 -16.60 Stocks fell in early trading as sharp losses in precious metals and mining offset bond-driven gains in other sectors, traders said. The TSE-300 Index was down 16.60 points to 4,070.90 on volume of 16.78 million shares valued at CS 185.7 million. Declining issues outpaced advances, 213 to 159,
        237 words
      • 738 12 +1.35 The Dow Jones Industrial Average, which slid 1.01 points on Thursday, was ahead 1.35 to 3,871.78 at I lam EST. The NYSE Composite Index was ahead 0.67 to 255.59, while Standard Poor's 500-stock Index was up 1.35 to 469.67. Advances pounded declines 1,086-673 among the 2,574 issues
        738 words
      • 566 12 Vienna Jaa 27 Asch AIM 1775 Bank Austria PS H9 2 CA-BV VZ 606 6 EVN 1110 Hughafca 4 M 6 L ciuing <52 -f 2 Lr>kaa 462 2 Maculaa HM VZ 125 unth OEMVVZ <>IS +4 VA TcchnotogK I (NO 8 VcitscfcfT 259 I Vrft>«nd Aklir A 514 S
        566 words
    • Article, Illustration
      3049 13 HONGKONG Stocks were mixed yesterday amid concern about earnings growth at the territory's banks and its main telecommunications concern, Hongkong Telecommunications. "There will be disappointments in earnings." said an analyst. "I think this economy is slowing." The Hang Seng Index ended down 13.41 points to 7,297.12. The All Ordinaries
      Source: Bridge Info  -  3,049 words
    • Article, Illustration
      600 13 CLSA TURNOVER in H shares slid to HKSSO million. Yizheng rose 3.2 per cent on the back of institutional buying, with HKSI3.6 million worth of shares traded. Chengdu Cable led the market, up 3.6 million on thin trading. The H Index finished down 0.1 per cent. The Shanghai market
      CLSA  -  600 words
    • Article, Illustration
      2548 13 Bloomberg Business News TOKYO Stocks were little changed as a decline in electronics and insurance shares hurt by last week's earthquake was offset by a rally in building-related shares expected to benefit from the reconstruction of Kobe. "Investors are rethinking their exposure to Japanese stocks," said a trader. "The
      Bloomberg Business News; Source: Bridge Info  -  2,548 words
    • Article, Illustration
      1803 13 Bloomberg Business News BANGKOK Stocks were mixed as investors bid up brokerage issues after several announced dividend payments and lowered offers on property stocks out of concern about the affects of higher interest rates. "People are scared of stocks because of what could happen to interest rates," said an
      Bloomberg Business News; Source: Bridge Info  -  1,803 words
    • Article, Illustration
      1193 13 Reuter JAKARTA Share prices ended up on a late rebound, but overall volume was thin. "Speculative buying in the late session pushed up share prices amid weak sentiment." one foreign broker said. Astra International foreign shares eased another 75 rupiah to 3,350. One analyst said falls in Astra were
      Reuter; Source: Bridge Info  -  1,193 words
    • 2468 14 Gr Gr 1994/95 Last Vol Day last Quote l)i> l>iv Md Nrt M Cap High Low Company Sale (t»0) High l-ow Bayer Seller CV H/t Sn.il MALAYSIAN STOCKS 398 160 m AISB 50c 238 -2 10 238 238 231 242 3 0 -2.9 04 244 206 77.5 m
      2,468 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6604 14 Bloomberg Business News KUALA LUMPUR Stocks rose on January's last trading day as institutional investors bid up the prices of stocks to make their portfolios look good on month-end reports, traders said. "It's the end of the month, so I would expect there would
        Bloomberg Business News; Source: Bridge Info  -  6,604 words
    • STOCK EXCHANGE OF SINGAPORE ;
      • 8266 15 [MAIN BOARD Cr Or M *1 IW4.95 U»l V«l Dmy l.»sl Quote Di« JW» YJJ Net <_•» High Lo« oni|M» S.I* COM) Hick Low B«>rr Seller Or P'E *«ll Pn« INDUSTRIAL AND COMMERCIAL 720* 388 ml s Unta50c 448 >30 272 452 420 438 448 8 8 4.7 1.0 14.3
        8,266 words
      • 1888 16  -  By R Sivanithy SINGAPORE The Straits Times Industrials Index yesterday completed its recovery of the 111 points lost at the start of the week, as stocks firmed unexpectedly across-the-board for the fourth consecutive day. The day's hottest item was DBS Land's B warrant, which gained
        Charts by Bridge Info; Source: Bloomberg  -  1,888 words
    • ISEAS Trends
      • 948 17  -  Denny Roy looks at the inevitability of a Japan with armed forces more well-rounded, larger and increasingly active internationally Denny Roy Dr Denny Roy is a Lecturer in the Department of Political Science. National University of Singapore. A DISARMED Japan is a relic of the
        948 words
      • 879 17  -  Offensive military operations are now on the ascendant in contemporary warfare, says Derek da Cunha Derek da Cunha Dr Derek da Cunha is a Senior Fellow at the Institute of Southeast Asian Studies and Editor of Trends. A SEA-CHANGE is occurring in the
        879 words
      • 1465 17  -  Michael Dewar paints a realistic, if pessimistic future for the UN in its peacekeeping efforts Michael Dewar Colonel Michael Dewar was until recently the Deputy Director of the London-based International Institute for Strategic Studies (IISS). MOST United Nations intervention operations in the past several
        1,465 words
      • 1252 18  -  Samsudin A Rahim looks at some disquieting social trends in Malaysia Samsudin A Rahim Professor Samsudin A Rahim is Deputy Dean of the Faculty of Social Science and Humanities. Universiti Kehangsaan Malaysia. MALAYSIA'S economic growth is expected to exceed 8 per cent in
        1,252 words
      • 1339 18  -  P Lim Pui Huen discusses Chinese ideas of luck and life P Lim Pui Huen P Lini hu Hiwn is a Research Fellow al IShAS and .Associate I'.dilor of Trends. AT this time of the year, Singapore, like other cities where there is
        1,339 words
      • 1098 19  -  Carl Lande weighs the prospects for Philippine democracy with economic growth Carl Lande Dr Carl Lande is professor of political science at the University of Kansas, and is currently a visiting fellow at ISEAS. AFTER the years of Marcos' authoritarian rule and economic mismanagement, the
        1,098 words
      • 1110 19  -  Washington-Hanoi ties seem to be held hostage to narrowly-based interest groups in the US, says Allan E Goodman Allan E Goodman Dr Allan E Goodman is Professor of International Affairs at Georgetown, University. Washington DC. TWENTY years after the end of the Vietnam war
        1,110 words
      • 1460 19  -  Kripa Sridharan analyses the reasons for the sudden international interest in India's state elections Kripa Sridharan Dr Kripa Sridharan is a Lecturer in the Department of Political Science. National University of Singapore. THE amount of interest generated by the assembly elections that took place in India
        1,460 words
      • 910 20  -  Book Review By Derek da Cunha Dr Derek da Cunha is a Senior Fellow at the Institute of Southeast Asian Studies and is Editor of Trends. THE increasing salience of maritime security in the Asia-Pacific region is obvious enough to any casual observer of regional current
        910 words
      • 1280 20  -  Washington's policy towards Beijing seems to change from month to month. Richard Halloran looks at the issue Richard Halloran Richard Halloran, formerly with The New York Times as a foreign correspondent in Asia and a military correspondent in Washington, writes on Asian security
        1,280 words
      • 1152 20  -  Yang Chengxu examines China's policy of opening to the outside world and its political and economic roles Yang Chengxu Professor Yang Chengxu is Director of the China Institute of International Studies, Beijing. THE fast growth of China's economy in recent years has attracted worldwide
        1,152 words
  • Page 6 Advertisements
    • 247 6 NEWS VALUE URA figures point to peaking of private property market (P8 I) Will hobble counters exposed to the residential and retail segments. DBS Land's B warrants rocket 140% to 24 cents (pg I) Risky but irresistible to those who relish a good oneway bet. Regional share prices end mixed
      247 words

  • Page 7 Advertisements
    • 289 7 M^line In English Number Your Daily Stars 8450 The Aquarius Career Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 A Tune That Kept The House Alive; Win Prizes! Children's Funland 8453 Song This Old Man Face Facts: Face Shape 8454 Dreamland 8455 Fandi
      289 words


  • Page 9 Advertisements
    • 73 9 I I L/IV6 111 Slllgapur" I 'A i Don't Dale; Time; Venue: 9th FEBRUARY 95 Bpm HARBOUR PAVILION Prices: $120 (Limited seats only) $100, $80, $60, $40 Enquiries: Hotline: Fax: 272 0037 348 5555 440 6784 Ticket* at all SISTIC outlets ._9unVic Productions Cold Storagr-Jelita.WTC, Forum The Shopping Mall, (fines
      73 words


  • Page 11 Advertisements
    • 35 11 "I deal in cameras. Andlknow whereto get good exposure." T S»"*\lsa movie cam 1 ,5o °0). c?? m ,ei >* Y T Nfe" "Xyife." <°.y ,n "ma°/ a IQ Call today for results tomorrow. CATS. 1800-737-1166
      35 words
    • 50 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. n^ggET 1800-737-1166 Make the connection through The Straits Times Classified when you're looking for N i bargains or Si ?V looking for m customers. Just give us a call. CATS.
      50 words




  • Page 15 Advertisements
    • 37 15 SINGAPORE rn Business Times W£ KNOW ASIA Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: f News Centre Singapore 1334 Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) f BTtornVWo7ol94
      37 words

  • Page 16 Advertisements
    • 23 16 r-X-jL. J? V v;* STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. BiEinessTimes
      23 words
    • 1299 16 \[.*)^)_,~`-{?%-~/$@>(()>)!>~|' IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2){b) and IN THE MATTER OF OVERSEAS CONSULTANTS COMPANY PTE LTD (In Members' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road, #1201 12-11 Golden
      1,299 words


  • Page 18 Advertisements
    • 243 18 Trends A nwndWy pttooon at the jjmnmc of SoxthejM Aim Sludiei Tk* In® rUDHCWKHI Editors-in-chief S. Rajaratnam Chan Heng Chee Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow Business Manager Liak Teng Kiat International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han
      243 words
    • 189 18 ISEAS Series AFEC isers INSTITUTE OF SOUTHEAST ASIAN STUDIES New monographs THE Institute of Southeast Asian Studies has launched a new monograph series on Apec (the Asia-Pacific Economic Cooperation). The first two monographs in this series have recently been published. The first monograph is written by A pec's first executive
      189 words



  • Executive Lifestyle
    • 1571 21  -  What lies in store for you in the Year of the Pig? Tan Su Yen and Jaime Ee check the horoscopes Tan Su Yen,Jaime Ee DOGS may be out and pigs on the way in, but if you really want to survive 1995, then
      1,571 words
    • STRAWS IN THE WIND
      • 63 21 SOMETIMES you wonder why people bother to install sophisticated telephone systems in their offices. A journalist tried to call a source and got a recorded message that the person wasn't in. The message continued, "Please press any other button if you want to talk to somebody else." The
        63 words
      • 30 21 TRUE story from the US: A nursing home application form asked for this to be filled "Spouse's address (if living)". As opposed to Spouse's address (if dead)?
        30 words
      • 30 21 ANOTHER true story, this time from London: A choir member gave a solo of a song called "Goodbye" at his choir's annual dinner. He then collapsed and died.
        30 words
      • 27 21 A GROUP of punters watched as the STII did its freefall on Monday and pondered what to buy. One of them quipped: "Buy in bulk."
        27 words
      • 29 21 QUOTE from a dealer that same day: "If the market keeps losing 100 points a day, we only have a job for the next 19 days!"
        29 words
    • OPINIONS
      • 912 22  -  Neville Stack believes the trend in Britain is towards a more equal society that looks forward, not backward Neville Stack The writer is a political commentator based in London. He writes regularly for BT. MONEY cannot buy happiness, so they say. True.
        912 words
      • 696 22  -  Forget those Wall Street stock tips. Scott Schnipper finds that the Super Bowl Indicator has been 89 per cent correct since 1967 Scott Schnipper Bloomberg Business News OKAY, listen up all you investment rookies and Lombard i acolytes. Those thousands of armchair quarterbacks who
        Bloomberg Business News  -  696 words
      • 730 22  -  to which A M Rosenthal would like some honest answers A M Rosenthal The writer is a columnist with the New York Times, where this commentary first appeared ITS A normal thing: ask for a loan, or go co-signer, and you have to answer a few
        730 words
      • 700 22  -  Anthony Rowley says Tokyo should follow Seoul's example in reform and deregulation Anthony Rowley The writer is BT's Tokyo Correspondent SOUTH KOREANS do many things "the Japanese way" but there are some striking differences for example, in their apQpMfife 4o -administrative reform deregulation. Though
        700 words
      • 604 22  -  LETTERS TO THE EDITOR Celestine Koh DBS LAND B warrant holders face a huge potential demand for their warrants. This is expected to come from holders of the one per cent US$ bonds due for redemption in March
        604 words
      • 122 22  -  Lee Kyung Soo I REFER to your report (BT, Jan 23) quoting Joongang Daily News. and wish to point out that there was no basis to the Korean daily's report that the Korean government may withdraw Dr Kim Chulsu's candidacy for the post
        122 words
    • CORPORATE PROFILE
      • 2529 23  -  Asia's corporate giants Rising costs, falling profits can Nadzmi Salleh of Perusahaan Otomobil Nasional Bhd (Proton) turn his company's fortunes around? The managing director with a reputation for getting things done talks to Peter Osborne about his strategies for the future Peter Osborne AS A corporate leader
        2,529 words
      • 839 23 AS A capital intensive car manufacturer with a domestic market too small to achieve complete economies of scale. Proton's future success will hinge largely on its ability to expand in overseas markets. The Malaysian government earlier this month announced that a total of 92,341
        839 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 608 24 BT SENTIMENT INDEX (Jan 30 Feb 3) Those polled on their views of the Singapore stoek market for the week ahead: Allianee Securities, DBS Investment Research, G K Goh. Kay Hian James Capel. Kim Eng Securities, Morgan Grenfell, Phillip Securities. S G Warburg, Smith New Court and W 1 Carr.
          608 words
        • 354 24  -  Christopher Hunt Research director SG Warburg Securities (Singapore) tt A s has been demon- strated since the i 1. beginning of the year, a change in sentiment is a danger to stock market investors. 1 personally feel that the recent correction is overdone and that much of
          354 words
      • 943 24  -  THE WEEK By Joyce Quek IF YOU think about it, this Lunar New Year spells a lot more opportunities than New Years past. One caveat, though. You have to believe in the opportunities and seize them. Take property for instance. Instead of moaning about how
        943 words
      • 945 24  -  Elaine Koh on why Phillip Securities is recommending DBS Bank, Sembawang Corp, CWT, Malayan Credit, CityDev and HPL Elaine Koh THOSE game enough to ride the current volatility might want to look at marine, hotel and some property stocks, which are favoured by Phillip Securities
        945 words
      • 517 24  -  Susan Tsang was at Gavel's Auctioneers' first sale in Singapore Susan Tsang RESULT of I our first sale is enA couraging and reflects the growing interest in auctions in general," says Ralph Dosch, the chairman of Gavel's Auctioneers. The sale of antique and
        517 words
      • 1365 25  -  Amy Balan finds out the secrets of top performing fund manager Tan Chong Koay and why he loves market crashes Amy Balan A WILLINGNESS to profit-take. In other words, sell. That's one of the key secrets of veteran fund manager "Pan Chong Koay and
        1,365 words
      • 882 25  -  Eve on the region Indonesia's premier bourse is expected to enjoy one of its best performances this year, reports William Chia William Chia INDONESIA'S capital markets have been battered in recent months by the sharp hikes in US interest rates and the
        Source: Bridge Info  -  882 words
      • 731 25 Deposit amount 1-wk l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Bank of China SIO(XX) £24.9W 5.5700 6 0000 6.3800 A$ £25 000 £49 000 5.6300 6.0000 6.3800 10.000 49.999.99 5 0000 7.0625 7.3750 8.0000 sf 50.000 Above 6 0000 7.1875 7
        731 words
    • LEISURE
      • 993 26  -  Jaime Ee ventures into Chinatown to get in touch with her roots and savour the sights and sounds of the season Jaime Ee I THINK that if 1 were a pig, I'd be a bit worried. Seeing my likeness splashed all over town
        Photos by Chris Loh  -  993 words
      • 737 26  -  Cinema Reviews By SUSAN TSANG IF MAN bites dog, it's news. If a man gets pregnant, is it a comedy? When the man who carries Junior happens to be Arnold Schwarzenegger, and the director is Ivan Reitman (Twins, Kindergarten Cop), the answer is a qualified yes.
        737 words
      • 652 26 WE'VE ALL had a sense of deja vu before, but the question is, can you detect radar waves? If you can, you may be able to sympathise with Lila. whose receptors are so sensitive she gets a Sensation whenever she touches things. We all
        652 words
    • SPORTS
      • 742 28  -  Golf Reports from Shahiron Sahari in MANILA AMERICA'S Fred Couples, fresh from a win in the desert in the Middle East, seemed to be taking outright control of the Johnnie Walker Classic after a scorching five-under 67 scored under a Sahara-like midday sun. "The conditions here
        Reuter  -  742 words
      • 471 28 THE gallery here at the brand-new Orchard Golf and Country Club, an hour's drive outside Manila, is nowhere near the size of the four million that turned up for the Pope's visit two weeks ago. But it is still, at 6,000-odd.
        471 words
      • 412 28 AP MELBOURNE Andre Agassi reached the Australian Open final yesterday when Aaron Krickstein defaulted with a groin injury moments before ankle-deep water from overflowing drains flooded centre court. If Krickstein had not quit at that moment, behind 6-4, 6-4, 3-0 the end of
        AP  -  412 words
      • 570 28 Australian Open AFP MELBOURNE Mary Pierce will again be the court darling when she goes for revenge against hot favourite Arantxa Sanchez Vicario in the Australian Open women's final today. Pierce, a Florida-based French national, was beaten by the Spaniard in the final
        AFP; Reuter  -  570 words
      • SIDE LINES
        • 67 28 AP NEW YORK President Bill Clinton has set a Feb 6 deadline for players and owners to settle the Major League Baseball strike. But it is uncertain what will happen if that deadline passes without an agreement. As the US Senate scheduled a
          AP  -  67 words
        • 78 28 AFP SYDNEY The Senate Committee inquiring into Australian soccer has been asked to pursue its investigations overseas. Solicitor John Hegarty, who helped in the inquiry by former judge Donald Stewart into allegations of bribery and corruption, told the committee there was a shortfall of US$l.2
          AFP  -  78 words
        • 57 28 Reuter LONDON In defiance of all conventional wisdom, an English academic has mjblishcd a book containing a chapter in which he argues that in sports should be legalised. According to Ellis Cashmore, pr<Wssor of sociology at Staffordshire University, the case for banning drugs
          Reuter  -  57 words
      • 525 28 Super Bowl XXIX UPI MIAMI America's unique combination of commerce and competition comes around for the 29th time tomorrow disguised as a mere football game. The Super Bowl, hyped to the hilt each year and more often than not a dreary disappointment, will begin
        UPI  -  525 words
      • SCORE CARD
        • Article, Illustration
          173 28 AFP TOKYO Japan Open Championships yesterday. Men Singles, 3rd rd: Ardy Wiranata (Indon) bt Ge Cheng (Chn) 15-11, 15-7; Jeroen van Dijk (Neths) bt Yong Hook Kin (Mai) 15-9, 15-2; Heryanto Arbi (Indon) bt Rashid Sidck (Mai) 15-5, 15-9; Hermawan Susanto (Indon) bt Hu Zhilan (Chn) 18-14, 15-7; Fung
          AFP  -  173 words
        • Article, Illustration
          42 28 AP WASHINGTON NBA Thursday: New York 87. LA Clippers 74; Golden State 121. Washington 118; Geveland 77. Atlanta 68; Portland 106. Detroit 89; Phoenix 92. Indiana 86; Orlando 102. Chicago 99; San Antonio 103. Houston 100; Utah 120. Seattle 108. AP
          AP  -  42 words
        • Article, Illustration
          87 28 Reuter MANILA Leading second round scores in the Johnnie Walker Classic tournament yesterday: (British unless stated): 138 Nick Price (Zim) 71 67 139 Fred Couples (US) 72 67. Robert Karlsson (Swe) 74 65 141 Darren Clarke 72 69. Colin Montgomcric 73 68. Robert Alienby (Aust) 71 70 142 Mats
          Reuter  -  87 words
    • TIME OFF
      • 176 29 SPH Young Playwrights Series The Mandarin playwrights get to prove their talent. Three plays by Ling Chun Lan (.1 Midwife's Diary). Huang Jia Yi (Shonan Recollected) and Li Ji Qin (Lite's Moments). Today and tomorrow. 8 pm at the Drama Centre. Tickets at $10 and $15 available from the
        176 words
      • 304 29 Chinese Concert To celebrate the Lunar New Year, associate conductor Lim Yau conducts the SSO in a programme ot Chinese music. Joining the SSO will be Yu Xunfa on dizi (a Chinese flute) and Ma Xiao-hui on er-hu (a Chinese violin-tvpe instrument). Jan 28. 8.15 pm at the Victoria
        304 words
      • Article, Illustration
        413 29 Contemporary Australian Tapestry Works pf sixteen of Australia's finest artists will be on display. Until Feb J. 9 am to 4. JO pm at the Australian High Commission Atrium. From Marco Polo to Wiglington and Wenks How the World Was Mapped An exhibition that traces the footsteps of the
        413 words
      • 239 29 The Last Empress Mary Kogan recalls the life of the Empress Dowager, who has been given bad press as China's wicked witch of the north. Kogan relives the Empress Dowager's colourful lifestyle complete with court intrigues and her lavish manner of living. Feb 3. 10.30 am at the National
        239 words
      • 479 29 Dough Sculpting and Paper Cutting Tang Suguo, a renowned dough sculptor and Liu Ren, paper cutter extraordinaire, will show how everyday products like dough and paper can be turned into works of art. Today, at the Bras Basah Complex. Celebrating Our Heritage Change Alley celebrates what made this country
        479 words
      • 48 29 Shapiro and Smith Dance Co Formed in in 1985, this dance company mixes "breath-taking physicality and poignant themes" into their programme. How do they do it? Only one way to find out. Feb 10 and 11. 8 pm at the Guinness Theatre. Tickets at $25.
        48 words
      • 144 29 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 Metro stores. Wisma Atria.
        144 words
      • 967 29  -  Christopher Toh was one of those mesmerised by the bachelor boy at the Singapore Indoor Stadium Christopher Toh WHEN ClifT Richard broke into the music scene in 1958 with Move It. he probably didn't quite imagine that he would move on to bigger and better
        Photo by Steven Lee of The Straits Times  -  967 words
    • PEOPLE
      • 198 29 Chairman of Keppel Corp Sim Kee Boon hosted a dinner in honour of the Chief Secretary of the Hongkong government, Anson Chan, at the Four Seasons Hotel two weeks ago. Among the guests that evening were the British High Commissioner Gordon Duggan and chairman of Temasek
        Photos by Chris Loh  -  198 words
    • EPICURE
      • 796 30  -  Bon Appetit By JAIME EE I HAVE to say: I really don't know what Mediterranean food is. If I go to a Spanish restaurant and have tapas, I'm having Spanish food. If I have pasta in an Italian restaurant, I'm having Italian food. But if 1 have tapas
        796 words
      • 398 30  -  By JAIME EE IF YOU were a diabetic rabbit, maybe il'd be best if you stayed in your little burrow throughout the Chinese New Year yu sheng season. Otherwise you'd be tempted to bite into these giant mounds of shredded vegetables drowned in oil and plum
        398 words
      • 761 30  -  Wine By N K YONG WINE lovers who concentrate on Sauternes for dessert wines, particularly Chateau D'Yquem, are missing out badly by forgetting or ignoring German dessert wines. I would not turn down an offer of Yquem, but I am increasingly preferring the Germans because
        761 words
    • Article, Illustration
      1076 32 Blue Tiger. Virginia Madsen hunts down the yakuza killer of her son by using her body as bait. He's got a blue tiger tattoo, so she gets a red tiger emblazoned on herself. She may or may not get the guy. but the chase promises to be exciting. R(A).
      1,076 words
  • Page 21 Advertisements
    • 71 21 '|[)\}(*^^`?]~-&<__*&<&/?+!!@'! W wf j* JSSSmr yj xSBPyHRP JEWELLERS SINCE 1847 BRf "In celebration of the 70th Anniversary of the 3-Gold Jewellery, a silk screen lithograph KB "The Lovers" signed by Jean Cocteau will be presented with every purchase of a 3-Gold Jewellery." p. Cartier boutique/ Singapore Ngee Ann City. Tower
      71 words

  • Page 22 Advertisements
    • 25 22 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. Letters should include your cootact numbers.
      25 words
  • Page 22 Miscellaneous
    • 61 22 TMg. Pug Pi rA KfOUU. RND R P&IT I I QON T VOU CAT 7 T|PP£D Ffe.M IN tWE. IC£ GO TO night CLU&S... \s BUCKET ON TABLE. 13 LTD, DOOWESBURY GARRY TRUDEAU WUPAS WELL,I CONJU&AL JUST&VB VOL) MEAN ABOUT \rTSA I REAP A LOT 5 H! VMB t USTWES
      61 words





  • Page 27 Advertisements
    • 75 27 I Johnnie j (lassie THE ONLY GOLF TOURNAMENT THE SPECTATORS SHOT i l Asia's premier golfing eretit, the Johnnie Walker C.lassie. tees off at the Orchard Ciolf Country (lab. Manila, Janizary 26— 29. Once again, golf lovers are assured the ultimate combination: spectacular play from such legendary figures as Ctreg
      75 words


  • Page 29 Advertisements
    • 26 29 Officiillf-eeitified Chronometer CMT Automatic. RaymonJ Weil Showroom and Servkc 2V9OSTG 552.870.00 #02 0") Rjfflei Hotel An.wle. Singapore 0718. Tel: 339 3218 Rel 77'H)M<; Sjl 870 00.
      26 words

  • Page 30 Advertisements
    • 369 30 WHERE TO WINE, OINE AND ENTERTAIN I Vimßl Qlde English Eating House I Bp 277 Orchard Rd #02-30 Specialists' Centre S (0923) 1:1 1 $2= CBD PASS! J 1| When you spend $25/- or more at Fosters for lunch Wk ■i or afternoon tea from Mon-Sat, show us your valid
      369 words

  • Page 31 Advertisements
    • 1122 31 M Nothing Beats A Bud. where t w,ne dine an entertain W«NO OP (■■■HUH um B wm m To our valued customers I Join us, at PASTA FRESCA to usher in a mi fw New Year of Happiness and Prosperity, Bukit Tlmah Open On 31 Jan 1 Feb 1995 a»
      1,122 words
    • 445 31 =^151 fancy 'Beijing? Then, we're delighted to suggest the fine Court for a memorable dining experience. Our lunch menu offers a variety of dian in "Beijing dumplings, a selection of set menus, and "Beijing specialities UMI/j such as 'Beijing ©uc£, Tench and fI2S<KQ 'Marinated Lamb, fancy some now? RESTaVrVVT Mandarin
      445 words

  • Page 32 Miscellaneous
    • 2025 32 TODAY'S TV B- Rangers. 12.20 AM Chinese Cinema II 11.25 The Secret World of Alex The Plot Mack. 2.10 Close. 12 20 PM Hammer 12.45 Home Improvement. TV 1 1.15 Thunder Alley. 1J IKSiwS? IMS *10 A* Morning News. CNN. Z.OD monster wars. 30 Motivasi Senaman. of o r j.~,
      2,025 words