The Business Times, 11 February 1995

Total Pages: 28
1 28 The Business Times
  • 14 1 BUSINESS TIMES MITA(P) 194/12/94 Weekend Edition, February 11-12 1995 WE KNOW ASIA 85 c
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  • 450 1  -  But foreign demand will hold up luxury end By Abdul Hadhi SINGAPORE With the lacklustre stock market and a limp Hongkong property market, local developers are admitting grudgingly that apartment prices here are likely to see a "healthy correction"
    Photo by Arthur Lee  -  450 words
  • 545 1  -  By Rahita Elias SINGAPORE National carrier Neptune Orient Lines (NOL) plans to list two of its regional associates this year, an exercise which could raise up to $30 million. NOL chief operating officer Lim How Teck told Business
    545 words
  • 385 1  -  From Lim Soon Neo MORGAN Stanley yesterday issued a report claiming that Hongkong is "probably the most bombed-out market in Asia". The New York-based investment bank said the Hongkong market was down more than 40 per cent from its highs of
    385 words
  • 243 1  -  By R Sivanithy SINGAPORE A sense of caution pervaded regional stock markets yesterday, as investors squared off positions ahead of the release of US producer price figures last night. Bucking the trend, however, speculative activity continued unabated in Malaysia, while the Philippines stock index
    243 words
  • 2am LATEST
    • 53 1 Reuter LONDON Pension trustees said yesterday they had reached a £276 million (***** million) global settlement over funds that were taken from Robert Maxwell's old corporate empire. Trustees Law Debenture Trust Corporation pic said the settlement had been reached with Maxwell Communication Corp and
      Reuter  -  53 words
  • 326 1 Bloomberg Business News Reuter AP WASHINGTON The US government's first inflation reading for 1995 showed that prices paid to factories, farmers and other producers rose a smaller-than-expected 0.3 per cent in January as lower food prices offset rising energy costs. The
    Bloomberg Business News; Reuter; AP  -  326 words
  • 90 1 Reuter NEW YORK Blue-chip stocks moved lower yesterday under pressure from weakness in the bond market and ambivalence about January wholesale price data. The Dow Jones Industrial Average was down 6.73 points at 3,925.95 at Ipm EST. In the broader market, advances led declining
    Reuter  -  90 words
  • 164 1 Stock market indices Friday Change STII 2,074.05 -10.96 KLSEComp 980.38 +9.35 Nikkei 18,291.35 +191.80 Hang Seng 8,012.82 -42.06 SET Index 1,301.97 -5.21 Jakarta Comp 453.31 +2.48 CLSA China B 843.56 +12.93 Aust All Ord 1,846.0 +12.4 FTSE 100 3,109.9 +10.9 Friday Prewus lpm EST close Dow Jones 3,925.95
    164 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 627 2  -  By Ven Sreenivasan GRADUATES have to adjust their expectations, and accept that it is beyond the government's powers to double the supply of land for housing and road space for cars. Deputy Prime Minister Lee Hsien Loong said this yesterday, noting that
      627 words
    • 257 2 SINGAPORE is putting more teeth into its measures to safeguard intellectual property rights. From Feb 15, the execution of search warrants in I PR cases will be carried out by a unit attached to the Criminal Investigation Department's
      257 words
    • 189 2 A NATIONWIDE exercise involving the Singapore Civil Defence Force, key government communications, transport organisations and oil companies will be held this month. The land, sea and air exercise the first of its kind here on such a scale aims to instruct vehicle
      189 words
    • 106 2 SINGAPORE Airlines will resume its service to Raohsiung. Taiwan, next month after an eight-year break. SIA hopes to tap growing passenger traffic between Singapore and Raohsiung and start services to points beyond. It now operates beyond Taipei to Seoul, Tokyo, Osaka and I,os Angeles.
      106 words
    • 179 2 SINGAPORE has been chosen to stage the first Infocomm Asia trade fair, showcasing the latest in communication technology. An Infocomm International Exposition has been held in the United States for the past 20 years but organisers decided to give Asia its own fair.
      179 words
    • 443 2  -  By Ven Sreenivasan SINGAPORE'S overall risk rating has risen marginally for the first quarter of this year. Political and Economic Risk Consultancy (Perc) says in its latest analysis. The overall risk grade this quarter is 0.3461 point, compared to 0.3295 point
      Source: PERC  -  443 words
    • 240 2 S'pore-NTsia chemical trade dispute Reuter GENEVA Singapore and Malaysia said yesterday they had agreed to bilateral consultations in a bid to solve a chemical trade dispute without intervention by the new World Trade Organisation. Ambassadors of the two countries told the first meeting
      Reuter  -  240 words
  • Page 2 Advertisements
    • 255 2 A growing triangle? Theßiauislands-Batam,Bintan andKarimun-tookoffwith Zv great fanfare five years ago alongwiththeGrowthTriangle. What's the picture now? fmt lH ALSO IN THIS ISSUE: I Interest rate hikes: What stocks will hurt? How investors buy stocks, property Japan'spainful privatisations House Hunt: Your pulse on residential property prices I Mr/Mn/Miss/Msi—. Occupation. I Getyourcopyofthismonth'sSingaporc
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    • 101 2 BUSINESS TIMES LIFESTYLE EXCLUSIVE Win a free trip to Switzerland GO BACK in time to the days when most exquisite time pieces ever watches were made by hand, lovingly made. All you need to do is take part assembled by skilled craftsmen. Visit in Business Times' Lifestyle Excluthe master watchmakers
      101 words
  • Page 2 Miscellaneous
    • 467 2 I WEATHER 1 Singapore: Far. Temperature (24-32*). Aate-PacMc W/1V Cm*. Un»a WW Cm± Buenos Arcs 29/19 Cloudy Auckland 24/17 Cloudy Amsterdam 07/O3 Showers Cmcagß -4/-12 Cloudy Bangkok 32/21 T'stoim Athens 14,07 Showers HonoMu 27/18 CJcMly Belr* 02/-9 Ran Bertn 05/-I Showers Houston 18A)6 Cloudy Bombay 29/20 Sunny Bonn 08/03 Showeis
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  • THE REGION
    • 331 3  -  From Leslie Lopez in JAKARTA INDONESIAN Minister for Food Supply Ibrahim Hassan is likely to relinquish his chairmanship of the powerful national logistic agency Bulog in a reshuffle aimed at boosting the agency's handling of depleting rice stocks, industry
      331 words
    • 56 3 Reuter CLARK AIR BASE, Philippines A hot-air balloon taking off while others waited their turn at an international balloon festival here on Thursday. Filipino organisers held the event to show that the former air base, now an industrial parL, had recovered from the crisis it suffered
      Reuter  -  56 words
    • 356 3  -  From Lim Soon Neo in HONGKONG THE Hongkong government yesterday gazetted the Banking (Amendment) Bill 1995 to give the British colony's Monetary Authority more power over banks including the power to issue, suspend or revoke a licence. The
      356 words
    • 305 3 AFP AP SYDNEY Australian Immigration Minister Nick Bolkus said yesterday that a new in-vestment-linked migration scheme had sparked a great deal of interest in three Asian areas. He told a Foreign Correspondents Association lunch here that consultations would start shortly on the size
      AFP; AP; Reuter  -  305 words
    • 192 3 AFP HONGKONG China's investment in Hongkong is ahead of Japan and United States, accounting for half of the territory's total value of foreign direct investment of US$5O billion (Ss73 billion), government figures showed here yesterday. "Our recent estimate puts the size of China's investment
      AFP  -  192 words
    • 250 3 Business Day BANGKOK Thai Telephone and Telecom munications (TT&T) will begin a cable television test in April in Chiangmai and 10 other Thai provinces, a senior executive said. The company received unofficial confirmation on Wednesday that the Public Relations Department has approved
      Business Day  -  250 words
    • ASIA NOTES
      • 101 3 Reuter BEIJING China earned more than US$7 billion from foreign visitors in 1994 and has become the world's eighth most popular tourist destination, the China Business Daily reported yesterday. In 1994. China earned U557.23 billion from tourism, up from US$4.6B billion in 1993, with 43.68
        Reuter  -  101 words
      • 81 3 Reuter BLUING The Tianjin municipal government plans to sell prime land in the northern Chinese industrial city to raise money to expand its subway, in a project estimated at 4.1 billion yuan (SS7OI million), the Xinhua news agency said. The plan to sell three
        Reuter  -  81 words
      • 75 3 AP TOKYO Japanese Trade Minister Ryutaro Hashimoto said yesterday that Japan will not compromise its principles in car trade talks with the United States. Mr Hashimoto said Japan wants an agreement as soon as possible but will not make a compromise to hasten an
        AP  -  75 words
      • 92 3 Bernama KUANTAN Owners of idle agricultural land in Pahang can now mortgage or sell their property to developers for development, Mentri Besar Khalil Yaakob said yesterday. He said landowners were encouraged to cultivate the land themselves but, if they were unable to do so,
        Bernama  -  92 words
    • 173 3 Reuter HANOI Vietnam will soon launch a capital markets authority, set up a pilot stock market and issue bonds abroad as it strives to attract foreign capital. State Bank governor Cao Si Kicm said. But he admitted it had a long way to
      Reuter  -  173 words
  • Page 3 Advertisements
    • 215 3 Prime Propeiy Investment Opportunities In France. V France A Popular Destination h Reasons Why You Should Invest In France Reputed to be one of the top tourist FREEHOLD PROPERTIES with prices starting tions in the world, France is the ideal choice for the from only 5570,000.00. discerning property investor. J
      215 words

  • REGION/WORLD
    • 434 4 Bloomberg Business News WASHINGTON Federal Reserve chairman Alan Greenspan says financial troubles in Mexico or other countries will not prevent the Fed from raising interest rates when needed to curb US inflation. Mr Greenspan was not suggesting in his testimony before
      Bloomberg Business News  -  434 words
    • 292 4 AP Bloomberg Business News TOKYO Japan's economic planners expressed deep concern yesterday over what impact the massive earthquake in the city of Kobe will have on the economy. In a monthly report, the Economic Planning Agency said it would need to carefully monitor whether a
      AP; Bloomberg Business News; Reuter  -  292 words
    • 291 4 Bloomberg Business News AFP WASHINGTON Latin America's recent financial turbulence will not deter the Clinton administration's efforts this year to focus on a free trade agreement for the Western Hemisphere, US Trade Representative Mickey Kantor said. Latin America
      Bloomberg Business News; AFP  -  291 words
    • 185 4 AP HONGKONG Sega, the Japanese video game giant, says it lost virtually its entire market in Hongkong for its latest game to pirated versions smuggled in from China. Its lawyers said they expected huge sales for Sonic and Knuckles, the
      AP  -  185 words
    • 1710 4 ati nw eta fhx a 5 mw rr> n»_ Abu Dhabi GA890 0110 Hanoi VN741 1310 SQ176 1130 GA860 1945 SQ175 1905 VN740 1410 Amman RJ187 o"l3Q Hatyai MI895 2300 TG408 0820 Amsterdam KL837 1540 GA890 0815 I SQ324 2330 Hiroshima SQ977 1715 SQ978 0150 KL838
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    • 446 4 Bloomberg Business News BEIJING China's central bank will raise interest rates on long-term savings by 1.5 per cent in March, but keep lending rates unchanged a move that analysts say would help cool the economy but hurt state-owned banks. The People's
      Bloomberg Business News  -  446 words
    • 389 4 The Straits Times JAKARTA Singapore's Trade and Industry' Minister Yeo Cheow Tong held general discussions with his Indonesian counterparts yesterday on how the two countries could help advance the decisions taken here by Asia-Pacific leaders to boost cooperation among member economies. Indonesian
      The Straits Times  -  389 words
    • 354 4 Reuter NEW DELHI Indian Prime Minister PV Narasimha Rao unveiled a long-awaited new cabinet yesterday, shifting political ally Pranab Mukherjee to foreign minister and bringing in a free-market advocate to lead the Commerce Ministry. Mr Rao brought in six new ministers or junior ministers in
      Reuter  -  354 words
    • 297 4 Bloomberg Business News WASHINGTON China tops the list of countries that are moving towards a more open economy and could use US energy know-how to get there. That was the message from US Energy Secretary Hazel O'Leary on the eve
      Bloomberg Business News  -  297 words

  • THE WORLD
    • 462 5  -  From Leon Hadar THE Clinton administration's policies on China and Taiwan came under heavy attack from members of the new Republican majority in Congress. The development reflects the growing tensions between the White House and Congress over the administration's Asia
      462 words
    • 290 5 Los Angeles Times WASHINGTON The Clinton administration is preparing to approach Beijing to discuss emergency procedures to help avert escalation of military activities following incidents involving US and Chinese aircraft and warships. The move follows an exchange last October in which the
      Los Angeles Times  -  290 words
    • 263 5 Reuter LONDON The Economist Group has agreed to buy The Journal of Commerce from Knight-Ridder Inc for US$ll5 million (S$ 166.7 million). The Journal of Commerce group includes the 168-year-old business daily newspaper and a series of electronic database products and services focused on trade
      Reuter  -  263 words
    • 196 5 NYT WASHINGTON The government proposed sweeping new rules on Thursday to fight criminals who coax money over the telephone from Americans who are too ready to believe, too harried to care or too greedy to check. Law enforcement authorities say abuses in
      NYT  -  196 words
    • WORLD WATCH
      • 106 5 AFP ABU DHABI The United States expects to win a US$l billion (551.46 billion) contract to supply six frigates to the United Arab Emirates (UAE), US Commerce Secretary Ron Brown said early yesterday. Mr Brown, after a four-hour meeting with UAE president Sheikh
        AFP  -  106 words
      • 73 5 Reuter JERUSALEM Visiting French Foreign Minister Alain Juppe assured Prime Minister Yitzhak Rabin that the European Union would grant Israel privileged access to all EU research and development programmes. Mr Juppe, heading a high-level European Union delegation on a Middle East tour, told reporters
        Reuter  -  73 words
      • 100 5 Reuter JOHANNESBURG South African trustees of Allan Boesak's foundation said on Thursday they would sue employees to recover missing funds following charges by Nordic donors that money meant for apartheid victims had disappeared. But Foundation for Peace and Justice (FPJ) trustees Pierre van den Heever
        Reuter  -  100 words
      • 70 5 AFP LIMA President Alberto Fujimori announced late Thursday that 16 Peruvian warplanes bombed an Ecuadoran military position at Tihuinza, where both countries have been locked in a border war for the past three weeks. In a surprise television address close to midnight, Mr Fujimori also warned
        AFP  -  70 words
      • 49 5 NYT WASHINGTON US President Bill Clinton and Chancellor Helmut Kohl of Germany on Thursday criticised Russia's assault on Chechnya but said it was nonetheless vital to continue supporting President Boris Yeltsin, warning that anti-democratic forces could take power in Moscow if the West abandoned him.
        NYT  -  49 words
    • 66 5 AFP NICE, France Six among 49 bottles of Chateau IVlouton Rothschild bordeaux wine whose labels were designed by top painters, starting in 1926 with Jean Carlu and (right to left) Pablo Picasso, Marc Chagall, Joan Miro, Andy Warhol and Salvador Dali. The bottles
      AFP  -  66 words
    • 173 5 AFP LONDON Net Phone, which allows voices to be transmitted over the Internet global computer network, will be launched next week challenging the phone companies' monopoly on international calls, the Guardian said yesterday. The system allows calls to be made between
      AFP  -  173 words
    • 239 5 KnightRidder SEOUL Eighteen countries, including Saudi Arabia and Kuwait, will join an international consortium expected to be officially launched in early March to finance a nuclear reactor project in North Korea, a news report said yesterday, according to Kyodo news service.
      Knight- Ridder  -  239 words
    • 410 5  -  From Neville Stack in LONDON THE news that inequality in Britain is now the worst in 50 years has caused indignation on all sides of the political spectrum. And the most cutting criticism of all comes from the head of the Confederation of British
      410 words
  • Page 5 Advertisements
    • 317 5 SEMINAR ON TOURISM AND INVESTMENT OPPORTUNITIES IN KARNATAKA The Kornataka Slale Government together with the Singapore Trade Development Board, the Singapore Tourist Promotion Board and the Economic Development Board is pleased to present a Seminar on the Tourism and Investment Opportunities in Kamataka. Being the eighth largest state and blessed
      317 words

  • COMPANIES & MARKETS
    • 355 6  -  By Quak Hiang Whai SINGAPORE Hongkong's Bank of East Asia and Singapore's ECICS Holdings and Prime East Capital Group have agreed to buy a stake in a Korean merchant bank. The three parties have agreed to buy a combined
      355 words
    • 463 6  -  By William Chia SINGAPORE The latest shopping complex project at Johor Baru, Plaza Best World, has already leased or sold nearly 75 per cent of its retail outlets even before opening. The 550-unit nine-level shopping centre is part of a Ms4so
      463 words
    • 234 6 SINGAPORE Chuan Hup Holdings and PCI have acquired an interest in Republic Telecommunications Holdings, a telecommunications company in the Philippines. The two paid US$3.B million (555.5 million) each totalling US$7.6 million for an 85 per cent stake in Beauty Fortune Investments,
      234 words
    • 752 6  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE When China North Industries Investment was launched on the Singapore bourse last October, it was briefly a market darling. On its debut, the price shot to a high of US$l.l5 (against
      752 words
    • 280 6  -  By R Sivanithy SINGAPORE In a move to streamline the application and payment procedure for rights issues, the Stock Exchange of Singapore yesterday said that from next Thursday onwards, investors will be able to do so at all Authorised Trading Centres (ATCs). Previously, shareholders
      280 words
    • 182 6 Bernama KUALA LUMPUR Berjaya Leisure Bhd (BLeisure) will realise an extraordinary gain of about MS4S million (5525.6 million) from Berjaya Group Bhd's (BGroup) revised acquisition of Garima Holdings Sdn Bhd from the company. BGroup is revising its proposal to purchase
      Bernama  -  182 words
    • EYE on your STOCKS
      • 18 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance Investment section)
        18 words
      • Article, Illustration
        117 6  -  By Paul Leo AMCOL has retreated quite a bit from its all-time high of $5.10, closing yesterday at $2.58. While a further decline is highly probable in the short term given yesterday's strong selling pressure, it should be taken as a buying opportunity. Weekly and monthly Relative Strength
        117 words
    • COMPANIES
      • 292 8  -  From Ruth Wong in KUALA LUMPUR PUBLIC BANK Labuan confirmed yesterday that it had filed a writ in the High Court in Britain against Berjaya Corp (Cayman), Berjaya Industrial and Credit Suisse Financial Products over a derivative transaction that went awry. Public
        292 words
      • 197 8 AFP MANILA Fast-food giant Kentucky Fried Chicken (KFC) is revitalising itself with a new local franchisee in the Philippines and is aiming to capture the top position of the country's fried chicken market, company officials said here yesterday. Jesus Montemayor, president of QSR Corp, the
        AFP  -  197 words
      • 227 8 Bernama KUALA LUMPUR Innovest Bhd yesterday announced that it had entered into an agreement to sell 55 per cent of its equity interest in Wembley Gypsum Products Sdn Bhd to Boral Parcon (Malaysia) Sdn Bhd for M 518.15 million (S$ 10.34
        Bernama  -  227 words
      • 168 8 MBT KUALA LUMPUR Malaysia Mining Corp Bhd (MMC) will retain a controlling 50 per cent stake in Kramat Tin Dredging Bhd, following a massive corporate exercise which includes the proposed injection of Indonesian PT Artika Optima Inti into Kramat. In reply to a query from
        MBT  -  168 words
      • 258 8 Bernama KUALA LUMPUR Sistem Televisyen Malaysia Bhd (STMB), which started operating the TV3 private channel in 1984, is poised to be a major player in the media and entertainment industry in the region as it enters its second decade. Chairman Mohd
        Bernama  -  258 words
      • 243 8 SINGAPORE Listed NatSteel yesterday said it was considering filing a petition for countervailing duties to be imposed on Turkish steel producers to offset Turkish government export and freight subsidies on steel bar exports to Singapore. The homegrown steel producer also said
        243 words
      • 331 8 Reuter KUALA LUMPUR The share price of Malaysia's North Borneo Timbers Bhd (NBT), a darling of investors in 1994, is expected to fall sharply if its proposed acquisition of a lucrative timber concession in Malaysia's Sabah state falls through, analysts said.
        Reuter  -  331 words
      • 342 8 NST KUALA LUMPUR Autoways Holdings Bhd is aggressively pursuing tyre retreading ventures overseas, particularly in developing countries, in a move to lessen its dependence on the declining local market. Among the countries shortlisted by the company are China, Sri Lanka, the
        NST  -  342 words
      • 362 8 Bernama KUALA LUMPUR UH Dove Holdings Bhd (UH Dove) has received the approval of the Securities Commission to be listed on the Kuala Lumpur Stock Exchange's (KLSE) second board, said Arab-Malaysian Merchant Bank Bhd (AMMBB) on behalf of the company. The investment
        Bernama  -  362 words
      • o
        • 77 8 Reuter SINGAPORE Sylva Industries, a manufacturing subsidiary of GP Batteries International, has agreed to form a joint venture with China's Shanghai Hong Da Industries General Co. Sylva will have a 70 per cent stake in the venture, called Shanghai Bi Ba Batteries Co. The firm
          Reuter  -  77 words
        • 62 8 SINGAPORE Stamford Tyres International will pay $3.4 million for an industrial property next to its premises in Lok Yang Way. The property has a land area of 7,900 sq m and built-up space of 2,000 sq m. The purchase will give Stamford a total land
          62 words
        • 62 8 SINGAPORE Sime Singapore, through its wholly-owned subsidiary Sime Darby Singapore (SDSL), has raised its stake in Sime Hogg Robinson Holdings Hongkong (SHR) from 19 to 31 per cent. SDSL paid the UK-based Hogg Group HK$ 10.97 million (552.06 million) for 112 ordinary shares, increasing
          62 words
        • 36 8 SINGAPORE Republic Hotels Resorts has set up a subsidiary for investment-holding and hotel-related activities. Named Republic Hotels Investments, it has authorised capital of Sioo,ooo and a paid-up capital of $2.
          36 words
        • 30 8 Reuter KUALA LUMPUR Repco Holdings has asked its shares be suspended pending an announcement. Repco shares closed 15 cents higher on Thursday at M 58.40 (554.78). Reuter
          Reuter  -  30 words
        • 66 8 KUALA LUMPUR Oil and gas equipment supplier SAAG Corp debuted at a 94 per cent premium to its M$ 1.80 offer price on the Kuala Lumpur Stock Exchange yesterday. It opened at M 53.50. rose as high as M 53.88 and closed at M 53.56.
          66 words
        • 33 8 Bernama KUALA LUMPUR Chemical Co of Malaysia has set up a joint-venture firm known as ICI CCM Acrylics Malaysia, with paid-up share capital of Ms 2. Bernama
          Bernama  -  33 words
        • 27 8 Bernama KUALA LUMPUR Unza Holdings has announced the appointment of Tan Kim Poh as an additional director and member of its audit committee. Bernama
          Bernama  -  27 words
        • 51 8 Bloomberg Business News BANGKOK Jasmine International says it is in the final stages of talks with the Cambodian government on setting up the country's first coastal marine radio system. The Cambodian government invited only the Bangkok-based telecommunications company to bid for the project. Bloomberg Business
          Bloomberg Business News  -  51 words
      • 785 8 Payment Ex Books Pay date close date Asia Pacific F 20N Feb 6 Feb 10 Feb 22 Avimo 20* F I2.5TE Mar I Mar 7 Apr 15 Bcrjaya Group I 6 Mar 7 Mar 21 Apr 21 Beiyaya Ind I 3.S Mar 7 Mar 21 Apr 19 Berjaya Leisure I
        785 words
      • 421 9 Bloomberg Business News TOKYO Toyota Motor Corp yesterday reported its first profit increase in five years as the benefits of stringent cost-cutting and higher sales kicked in. Japan's largest carmaker said operating profit came to 87.15 billion yen (551.28
        Bloomberg Business News; Reuter  -  421 words
      • 358 9 Bloomberg Business News TAIPEI Acer Inc Taiwan's largest manufacturer of personal computers, expects profit growth to slow in 1995 after torrid gains in the past two years, company chairman Stan Shih said in an interview. Profit this year is targeted to rise
        Bloomberg Business News  -  358 words
      • COMPANY BRIEFS
        • 61 9 Reuter SEOUL Samsung Electronics Co posted a 450 per cent jump in provisional net profits last year, thanks to brisk overseas demand for its semiconductors. A spokesman for Samsung Electronics, which is part of the Samsung Group, said provisional net earnings surged to 850 billion
          Reuter  -  61 words
        • 84 9 NYT NEW YORK The New York Times Co said on Thursday that its fourth-quarter profits from continuing operations rose 13 per cent and that it had rebounded from a net loss in the 1993 quarter. Including one-time charges, gains and other accounting adjustments, the company said
          NYT  -  84 words
        • 97 9 Bloomberg Business News CUPERTINO, California Apple Computer Inc has added Intel Corp and Microsoft Corp to a pending lawsuit, alleging that the two companies illegally copied a promising Apple software technology. Apple expanded its earlier suit against San Francisco Canyon Co, requesting that all
          Bloomberg Business News  -  97 words
        • 74 9 AFP SYDNEY Australia's Coca-Cola Amatil Ltd (CCA) said on Friday that solid gains in sales volume, revenue and profits in all three geographic regions helped lift 1994 earnings by 16 per cent to a new high. The Sydney-based soft drinks company reported a record
          AFP  -  74 words
        • 58 9 Bloomberg Business News HONGKONG Turner International has signed a two-year agreement to allow Television New Zealand's One Network News to broadcast news excerpts from Turner's CNN International. "This agreement represents a significant strengthening of our ties with important broadcasters in the Pacific," said Greg
          Bloomberg Business News  -  58 words
      • 332 9 Los Angeles Times NEW YORK A former AT&T Corp labour relations executive masterminded one of the largest insider trading schemes in years, in which he and 16 others made at least US$2.6 million (553.79 million) in illegal profits by trading on information about
        Los Angeles Times  -  332 words
      • 186 9 AFP TOKYO Japan's securities watchdog last Friday brought a criminal insider trading charge against a regional bank and a subsidiary of major trading house Marubeni Corp. The Securities and Exchange Surveillance Commission said it had asked Tokyo regional
        AFP  -  186 words
    • SHIPS IN PORT
      • 563 9 Vtssd Vey No Beth Anival Departure Wwwl Voy Wo Bwth Arrival Departure IvwcNrt Caraka MX 9S04( P04 1102/0/00 12 02 1*00 «mp( 9501 117/18 nw«5rt 11.02/1500 Catharau 01 01WB P02 1102/1900 1202/0(00 A3 188/8 121 atonpide 1102/0000 Ctenpia Na 1XB P08A 11 02/0*00 14 02 0(00 BtaM
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      • 1420 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Aa Me 225A 12/0400 IB 10/1500 10 ISM 10 1900 3 11 0/00 11/1159 11/1400 J 11/1200 11/1459 11/1/00 Aki Bh»m
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    • FINANCE & COMMODITIES
      • 471 10 Bloomberg Business News LONDON Lloyds Bank pic said 1994 pretax profit rose to £1.304 billion (552.93 billion) from £1.031 billion as lower provisions for bad debts boosted earnings and more than offset falling trading income. That was in line with analysts' expectations
        Bloomberg Business News  -  471 words
      • 325 10 Knight-Ridder BEIJING Production of coal in China's Shanxi province is being hit hard by mounting debts, a trend that could affect other areas of China's economy, the official Guangming Daily reported yesterday. According to the newspaper, the province, China's largest coal-producing
        Knight-Ridder  -  325 words
      • SMALL CHANGE
        • 65 10 Bloomberg Business News HONGKONG Hongkong and Shanghai Banking Corp yesterday said it has returned to Myanmar after a gap of 32 years by opening a representative office in the capital of Yangon. "We are establishing a representative office to meet the needs of our Singapore customers
          Bloomberg Business News  -  65 words
        • 74 10 Knight-Ridder HONGKONG China's central bank announced on Thursday that it will again raise the subsidy rate on long-term savings deposits in March to prevent depositors' savings from being eroded by inflation, the official China Securities News reported yesterday. The People's Bank of China will
          Knight-Ridder  -  74 words
        • 61 10 AP NEW YORK CS First Boston Inc is considering laying off 10 to 15 per cent of its staff in a broad restructuring aimed at boosting profits and shedding money-losing businesses. The layoffs will be decided at a CS First Boston board
          AP  -  61 words
        • 57 10 AFP TORONTO After more than 90 years in Britain, Torontobased Manulife Financial is selling its British life insurance operations to another Canadian company. The Canada Life Assurance Co. The agreement, which is subject to regulatory approval by the British and Canadian governments, involves Manulife Financial's
          AFP  -  57 words
      • 390 10 DBS Bank weekly currency review US$/DM: resistance at 1.5380 The US$ broke convincingly above resistance at 1.5300 on Monday, trading to 1.5348. It made further headway to 1.5380 on Tuesday, but failure to break resistance at 1.5380 saw it slip to 1.5270 yesterday morning. Support
        390 words
      • 266 10 Reuter HELSINKI The merger of Unitas Oy and Kansallis-Osake-Pankki (KOP) will boost the efficiency of the Finnish banking industry as overlapping operations and staff are cut, analysts said. The new banking group would become a dominating force, in particular in corporate financing,
        Reuter  -  266 words
      • 319 10 Industry hopes it will bring back fuel oil players to a shrinking market Reuter SINGAPORE Asia's futures industry hopes Singapore's launch of a crude oil contract this year will keep its energy derivatives markets going, despite the unpopularity of the region's only
        Reuter  -  319 words
      • 328 10 CMCBftV DCDABT tNfcnuT Htrvn I Bloomberg LONDON Crude futures rose amid concerns an escalation of a strike in the port of Amsterdam could disrupt oil supplies. A strike by workers at Combined Terminals could spread to include workers at similar companies operating at the port.
        Bloomberg  -  328 words
      • 194 10 Reuter LONDON The dollar was simmering quietly on the backburner in Europe with players awaiting a US inflation report to add some spice to a US currency that has barely stirred at all this week. Dealers will get their first taste of major US economic data this
        Reuter  -  194 words
      • 79 10 AFP NEW YORK The dollar fell back in quiet early trading on Wall Street yesterday, although it gained some ground against the yen. Gold meanwhile was unchanged from its Thursday close at U*****.80 an ounce. At 1500 GMT, the dollar was at 1.5250 marks against 1.5286 marks at
        AFP  -  79 words
      • Article, Illustration
        1424 10 IraJe MrifhtnJ index tabulated a*amtl S'ptre\ tap 14 trading partner* Ban- year 1985 US$/S$ forward rates Noon /Feb 10 s$ Bid (Met 1-month ***** 1.4499 2-month 1.4446 1 4461 3-month 1.4418 1.4433 6-month 1.4343 l.4)U Same OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m F«k It: Singapore
        1,424 words
    • COMMODITIES & FUTURES
      • 1477 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollars were firm and Euroyen futures Hat at close. Eurodollars saw some short covering after losses overnight in Chicago but trading was light. A dealer said the move was technical in nature as players adjust their positions ahead of the
        Reuter  -  1,477 words
      • 655 11 COMMODITY REPORTS Gold HONGKONG: Gold closed firmer at the day's high on mild short-covering in quiet and narrow trading, dealers said. Gold bullion ended at U*****.50/377.00 an ounce, up from the local opening and New York's closing of U*****.00/50. "There's a lack of trading
        655 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 92 11 SYDNEY Panic-buying sent Australian wool prices up 18 Australian cents (about 19.5 S'pore cents) per kg this week, defying forecasts that the eastern market indicator would remain below 800 cents. The Australian Council of Wool Exporters said a "spectacular and unexpected" mid-week jump in the
          92 words
        • 86 11 SINGAPORE Indonesia's 1995 coffee crop will be 30 per cent lower than 1994's output of around 400,000-450,000 tonnes due to flooding, according to Akum Ginting, chairman of the Association of Indonesian Coffee Exporters. The current flooding has affected most of Indonesia's agricultural region. Akum
          86 words
        • 65 11 SYDNEY South Korea has announced a tender for 9,887 tonnes (shipped weight) of frozen beef, the Australian Meat and Livestock Corp said yesterday. The tender includes 5,720 tonnes grassfed quarter beef. 570 tonnes of grainfed quarter beef, 396 tonnes of grassfed fullsets and 3,201
          65 words
        • 59 11 KUALA LUMPUR State agency State Trading Corp of India is seeking 6,000 tonnes of Malaysian palm olein for shipment during the last half of March, traders said yesterday. The STC also is looking to buy 6,000 tonnes of palm olein for shipments during
          59 words
      • 1534 11 Rubber Feb 10 Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 95 264.00 264 00 263 00 275 475 Apr 264 00 262 00 262 00 1150 2225 May 264 00 262.00 260
        1,534 words
    • REGIONAL STOCK MARKETS
      • 1063 12 12.4 A RECOVERY in gold and resource's sectors lifted stocks to a firmer close yesterday. The All Ordinaries Index closed 12.4 points higher at 1,846.0. The All Resources Index climbed 17.9 to 1.153.2 while the All Industrials Index rose 6.3 to 2,763.2. Turnover was 248.4 million shares worth A
        1,063 words
      • 663 12 -1-54.47 Share prices rallied, boosted by a technical break-out and buying into listed members of a consortium involved in a major land deal, analysts said. The PSE Index rose to 2.624.47, up 54.47 points. Turnover was 5.14 billion shares valued at 1.78 billion pesos. Investors snapped up shares of
        663 words
      • 573 12 11.36 Shares ended slightly higher, led by low-cost textiles and pulp and paper shares, dealers said. The Weighted Price Index put on 11.36 points to settle at 6,554.78. Turnover was 1.41 billion shares worth NT556.53. The market hit the day's high of 6.574 points from the start of the
        573 words
      • 454 12 -8.46 Share prices turned bearish on on technical consolidation after a two-day advance. The Composite Price Index shaved off 8.46 points to close at 955.31 in skittish trading. Turnover dwindled to 25.6 million shares worth 580.5 billion won. Decliners outnumbered advancers by 535 to 204, with 105 counters ending
        454 words
      • 327 12 -1.64 Shares ended mixed yesterday. Fay Richwhite Co rose after the merchant bank proposed a NZ$25O million share buy-back, and Telecom led declining stocks amid concern about next week's profit results. Forestry group Fletcher Challenge fell on news of a possible rail strike in Canada, where it has
        327 words
      • 101 12 -33.43 Stocks were mostly lower as investors welcomed Prime Minister Rao's Cabinet shuffle but worry about the government's overall stability. "The general feeling is that the reshuffle was good," said an analyst. "It puts Rao in a slightly better position. But it's still dicey. The market's not going to
        101 words
    • WORLD STOCK MARKETS
      • 830 12 10.9 SHARES ended higher, helped by follow-through buying, with a firm undertone, dealers said. The FTSE-100 Index closed standing at its best value since Nov 21. although volumes were down on recent levels. The blue chip index ended 10.9 points up at 3,109.9. Turnover was 545 million shares. Equities
        830 words
      • 136 12 -5.04 French shares ended slightly lower due to profit-taking amid some confusion about the interpretation of the revision ol the December US Producer Prices Index, but closed the week with a solid gain of 1.46 per cent. The CAC-40 Index ended down 5.04 points at 1,869.40. Of the CAC-40
        136 words
      • 156 12 17.46 German shares ended the bourse session firm but otY their highs. Investors were selective in their purchases and volumes were moderate with only a few foreign buyers stepping up activity. The DAX index ended up 17.46 points to 2.130.15. Frankfurt Feb 10 DM \e» 14* 50 BASF 333
        156 words
      • 132 12 7.90 Belgian shares ended slightly oft" their highs after US January PPI data, whose 0.3 per cent rise was within analysts' expected range of 0.20.4 per cent. Dealers said some shares had risen too fast before the data was released and the market reaction was normal. The Bel-20 Index
        132 words
      • 143 12 -36 Italian shares dipped on profit-taking in the afternoon after a heavily techni- cal session dominated, at least in the morning, by the monthly options expiry. After an initial knee-jerk rise in response to what seemed better than forecast US producer price numbers, the market turned lower when economists
        143 words
      • 244 12 +0.97 Dutch shares closed slightly firmer, but retreated from a peak hit just after the positive January US producer price data, as bonds fell on an upward revision of the December figures. The AEX Index finished 0.97 higher at 415.64. "The market's underlying sentiment is good, but we're still
        244 words
      • 155 12 -1.34 Swedish shares closed lower on turnover of 3.116 billion crowns, but the decline was moderate as index-heavy Ericsson and Volvo rose. The OMX Index eased 1.34 points at 1,191.59. "It is natural for the bourse to consolidate after yesterday's success. The undertone still feels very strong." a broker
        155 words
      • 258 12 -0.7 Swiss shares ended a quiet day little changed. Volume was moderate. Dealers said the US PPI data triggered a short rally which was taken by some investors as an opportunity to square positions ahead of the weekend. The SPI Index closed down 0.40 points to 1.716.60, while the
        258 words
      • 351 12 -21.9 South African shares finished a hectic week on a quieter note, drifting down amul a lack of interest and fresh factors. "It's been a non-event day with little to influence the market in either direction." a dealer said. Prices were buoyed by a steady gold price, a spate
        351 words
      • 259 12 1.40 Stocks edged higher in sluggish early trading after US inflation data came in much as expected, traders said. The TSE-300 Composite Index rose 1.40 points to 4,117.50 on volume of 18.7 million shares valued at C 583.98 million. Advancing stocks outpaced declines 131 to 123, with 187 issues
        259 words
      • 730 12 The Dow Jones Industrial Average, which eased 2.69 points on Thursday, was ahead 4.04 to 3,936.72 at 1 lam EST. The Dow was up more than 10 earlier. The NYSE Composite Index was ahead 0.32 to 261.53, while Standard Poor's 500-stock Index was up 0.85 to 481.04. Advances
        730 words
      • 555 12 Vienna teb 10 A sell AHA Ifc'l Bjnk Ainliu PS J5J 5 1A-BVVZ 602 -3 EVN 122* I lughjlrn 4N I I cn/inf VBf 11 LoUm 4*1 Mjcubn Hid V/ '05 *0 OEM* <»«. *9 V Cv hn.'l.tsit 1061 I YolstlWf 261 VcibunO \kiic A 5*0 until Wicncitvig J*}'' I'
        555 words
    • Article, Illustration
      3186 13 Bloomberg Business News HONGKONG Stocks dropped amid concern that securities firms will sell more new warrants, sapping money earmarked for shares. Investors were also reluctant to buy because they were worried a report on US producer prices due to be released yesterday will show inflation is accelerating. That might
      Bloomberg Business News; Source: Bridge Info  -  3,186 words
    • Article, Illustration
      632 13 CLSA H SHARES fell one per cent yesterday, marking the first retreat after the Lunar New Year, triggered by a decline in the Hongkong market. Buying interest waned substantially, with turnover down to just HKSI26 million. Maanshan Steel, the most actively traded counter, climbed 1.6 per cent. Among blue
      CLSA  -  632 words
    • Article, Illustration
      2504 13 Bloomberg Business News TOKYO Stocks rallied for the first time in four days, led by rebounds in companies that could profit from the rebuilding of earthquake-damaged Kobe and electronics makers that expect increasing demand. The Nikkei Average rose 191.8 points to 18,291.35. The Topix Index advanced 13.58 to 1,426.29
      Bloomberg Business News; Source: Bridge Info  -  2,504 words
    • Article, Illustration
      1833 13 Reuter BANGKOK Stocks closed slightly lower on widespread profit-taking on concerns about tight liquidity. The SET Index closed down 5.21 points at 1,301.97 on moderate turnover of 5.12 billion baht. Debuting stock Thai Storage Battery topped the active list, closing at 86 baht. three lower than its initial public
      Reuter; Source: Bridge Info  -  1,833 words
    • Article, Illustration
      1176 13 Reuter JAKARTA Share prices closed higher on blue chip buying and sharp price increases in second liners, dealers said. "Both local and foreign players snapped up blue chips such as Indosat, Inco and Indocement. particularly in the second session," a broker said. "Players also focused on pharmaceutical stock Darya
      Reuter; Source: Bridge Info  -  1,176 words
    • 2468 14 U (il 19*4*9 Lai Vol Dm, Last (Jaote 13h 1*» *U Net M < 'ap lljgfc Lm Sale (WO) High In Bayer Seller Or P/K ia.il MALAYSIAN STOCKS 398 73 m MSB 50c 294 +20 Ifc8 298 2*0 294 295 JO -2.9 0 J 302 206 77) m
      2,468 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6797 14 Bloomberg Business News KUALA LUMPUR Stocks rose for a second day as small local investors bought companies they believed would benefit from future business deals. "It's not serious money going into the market, it's just retailers going into the market at the
        Bloomberg Business News; Source: Bridge Info  -  6,797 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8398 15 9*4*4 Lttl Vol !>■> Lot Quote D« Div VM Nel Cif A>| High Low Company Sal* ('flOOt Hi«h Low Bayer Seller C*w P/E Snril Price INDUSTRIAL AND COMMERCIAL 720* 388 ml s Acma50c 438 -6 112 442 438 432 438 8.8 4.7 1 0 14 0 603 8 439 547*
        8,398 words
      • 1908 16  -  By R Sivanithy SINGAPORE A strong undertow of speculation that surfaced on Thursday continued to sweep through the local stock market yesterday, diverting most of the attention to Malaysian stocks traded on Clob. Prices, however, were restrained by late profit-taking, possibly to
        Charts by Bridge Info; Source : Bloomberg; Source: Bloomberg  -  1,908 words
  • Page 6 Advertisements
    • 297 6 NEWS VALUE 10-20% correction in apartment prices likely this year, say developers (pg I) The general consensus seems to be that a "healthy correction" is needed. NOL could raise $30m by floating two regional Anns (pg 1) NOL's share price has taken quite a beating. Opportunity for those taking a
      297 words

  • Page 7 Advertisements
    • 746 7 At Dover Crescent, next to Singapore Polytechnic 1 m a a I DOVER PARKVIEW A luxurious seaview condominium that sets a new trend for 21st Century living with its intelligent home automation Built on high ground, with higher floors that command an excellent view of the buildings of Raffles Place
      746 words

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    • 292 8 MFSline An SPH AudioTex Service In English Number Your Daily Stars 8450 The Aquarius Career A Finance; Win Prizes! Entertainment News 8451 How To Paint The Town Red? Ghost Stories 8452 The Ring; Win Prizes.' Children's Funland 8453 The Mighty Miracle God Face Facts: Life Region 8454 Dreamland 8455 Fandi
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    • 227 11 Financial News A Quick Look At The I I Markets I Call 24 hours a day for I I SES KLSE midday I reports, I I market reports and Cost: 30 cents a minute Organised by: |f An SPH AudioTex Service —I B U S I N E S S
      227 words
    • 26 11 1800-737-1166 Make the connection through The Straits Times Classified when you're looking for AjK bargains or looking for m customers. Just give us a call. CATS.
      26 words


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    • 104 13 Stop by any Hong Leong Finance or Singapore Finance branch Intoromt i% with your share scrips, allocation slips and contract notes. Porlod Hat** Receive cash over the counter up to 70V of the current 1 month 1.1% market value or cap price (whichever is lower). 2 months 1 •9v© Jr
      104 words

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    • 91 14 1 Stop by any Hong Leong Finance or Singapore Finance branch kiloioat with your share scrips, allocation sfips and contract notes. Rate* Receive cash over the counter up to 70V of the current 1 month 1.1% m market value or cap price (whichever is lower). 2 muiillia 1•% U** money
      91 words


  • Page 16 Advertisements
    • 174 16 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I Tan Buck Liang of Blk 461 Jurong West St 41 #01-650 Singapore 2264 have applied for a Retail Liquor Shop Licence in respect of premises at M/s Healthy Ginseng Birdnest Centre at Blk 293, Yishun Ring Road #01-253 S'porc 2776, and
      174 words
    • 241 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND INTERLINK EXPRESS (SINGAPORE) PTE LTD (la Members' Voluntary Liquidation) At an Extraordinary General Meeting of Ike abovenamed company duly convened and held al SO Jalan Sultan •21-04 Jalan Sultan Centre, Singapore 0719 on 6«h day of February 1993 the following
      241 words
    • 374 16 BUSINESS TIMES NOT ICES TOLL-FREE TEL. No. 1-800-741-1883 PAX:74I-1296 NOTICE NOTICE IS HEREBY GIVEN that, I LU YIN of Blk 319, #14-16 Shunfu Road, Singapore 2057, have applied for a Beer House Second Class Licence in respect of premises at M/s Xi-An Place at 01-04 Capitol Building, 11 Stamford Road,
      374 words
    • 370 16 NOTICE NOTICE IS HEREBY GIVEN that, I SUM MOI LAN of 26 Jalan Kechil #01-28 Eastern Mansion Singapore 1543, have applied for a Beer House First Class Licence in respect of premises at M/s SUPREME KARAOKE RESTAURANT at 15 Kramat Road, Hotel Supreme, Singapore 0922, and that this application will
      370 words
    • 204 16 SIWVOIE CAIN Auction Auction 23 February '95 Preview 21-23 February '95 Venue Raffles City Convention Centre, Singapore Offering 1,500 lots divided into: Catalogue 19 The R.J. Ford Collection of colonial coins tokens of Ceylon it Catalogue 20 Asian World coins/notes (Ss3s for Catalogue 19, Ssso for Catalogue 20) To order
      204 words

  • Executive Lifestyle
    • 1688 17  -  These days, singles are much more open to new avenues in the quest for life partners. But why is the search for love still as difficult as it ever was? Corinne Kerk finds out Corinne Kerk IT'S THE same old story: Valentine's Day is around the cor- ner,
      1,688 words
    • STRAWS IN THE WIND
      • 101 17 WHEN it comes to getting you to spend, credit card companies will do almost anything to make you whip out that piece of plastic. One card-holder got a letter from a card company saying that since he had been a regular user of the card, they were raising
        101 words
      • 44 17 hJERE'S a sampling of what restaurants are serving lor Valentine's Day dinner: Tete-a-tete of Roasted Tenderloin. Rendezvous of Pigeon Consomme. Cupid's Dialogue. Said one unromantic person: "I feel like I have to talk to the »main course before I eat it!"
        44 words
      • 57 17 SOME self-styled legal experts have got their own views about OJ Simpson's trial. According to comedian Jay Leno, "One guy said (Simpson's defence) is essentially a three-pronged strategy. One: Claim that OJ was framed. Two: Attack how the evidence was handled. Three: Hope for another natural disaster,
        57 words
    • OPINIONS
      • 995 18  -  LETTER FROM DELHI Even as the economy opens up, the quality of life in Indian cities is going down, air pollution being the main cause PREM SHANKAR JHA The writer, former editor of The Hindustan Times, contributed this commentary to BI IN THE HAZE of
        995 words
      • 1166 18  -  Neville Stack explains why so few rich foreigners took up London's offer to join its British 'millionaire club and what they could lose out on, despite the weather Neville Stack The writer is a political commentator based in London. He writes regularly for BT. IN
        1,166 words
      • 117 18  -  LETTER TO THE EDITOR Juan de Villafranca Ambassador. F.mbassy of Mexico Singapore I REFLR to your editorial titled "Clinton's Mexiean Rescue" (BT. Feb 7), in which your newspaper repeatedly uses phrases against Mexican government officials like "irresponsible fiscal and monetary policies", "disastrous policies" and "incompetent
        117 words
      • 1009 18  -  Jessica Mathews finds a growing dissonance between what the US expects of others, and what it is willing to do and pay for Jessica Mathews The writer is a senior fellow at the Washington-based Council on Foreign Relations Month by month, it becomes clear that the
        1,009 words
      • 870 18  -  The race-based civil wars in Europe and rising anti-foreigner sentiment need urgent attention and action, says Said Abdullah Said Abdullah The writer is a B T journalist LAST WEEK was the 50th anniversary of the liberation of Auschwitz camp, where some 1.5 million people were
        870 words
    • Corporate profile
      • 2987 19  -  Asia's corporate giants Lim How Teck, chief operating officer of Neptune Orient Lines, talks to Rahita Elias about the challenges facing Singapore's national shipping line and NOL's ambitions of becoming one of the world's largest liner operators Rahita Elias A COUPLE of years ago, a stern
        2,987 words
      • 646 19 NEPTUNE Orient Lines is going to the market. Singapore's national shipping line plans to float at least four of its associate companies and subsidiaries on various bourses in the world. Chief operating officer Lim How Teck says coastal operator Lorenzo Shipping Corp of the Philippines,
        646 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 565 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, DBS Investment Research, G K Goh, Kim Eng. Morgan Grenfell, Phillip Securities, S G Warburg, SBS HG Asia and Smith New Court. Buy! Salomon Brothers (S) (Feb
          565 words
        • 464 20  -  Hema Kumar Research director H G Asia Malaysia f the Cockerel took I the market to the X barn roof, the dog dragged it back to the sewers; whence the Pig? At the time of writing, the KLCI is at end-1994 levels, having staged a strong post
          464 words
      • 721 20  -  THE WEEK By Paul Leo THE CURRENT pause in the stock market is a good time for investors to reassess their investments, especially with the government having taken steps to curb excessive credit for personal consumption. Running through the mind
        721 words
      • 970 20  -  Eye on the region Alan Boyd believes strong company results may not be enough to overcome investors' fears Alan Boyd The writer is BT's Bangkok correspondent BARGAIN hunters have brought some life back to Thailand's beleaguered stock market, but
        Source: Bridge Info  -  970 words
      • 784 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Kinking at Feb 6. 1995 s Singapore Straits limn -5.71 -I I JO -4.36 Credit Lyonnais Singapore Or 28 07.69 -10.79 10 -21.25 10 -18.56 10 -20.37 10 65.89 1 "I OCBC Savers Capital Fund
        784 words
      • 463 21  -  Aftermath of Mexican crisis: two views of emerging markets But investors should be wary of 'submerging' markets, reports Chuang Peck Ming Chuang Peck Ming INVESTORS have grown more prudent, picky and even risk-averse in the aftermath of the Mexican crisis. And after
        Source: Independent Strategy  -  463 words
      • 634 21  -  Dr Doom suggests taking opportunities to sell during bear rallies. Paul Leo reports Paul Leo MERGING mar--1-4 kets are not likely lj to see longer term tops any more," pronounced maverick fund manager Marc Faber, also affectionately known as Dr Doom. By that, he
        Source: Marc Faber Limited  -  634 words
      • 1403 21  -  A J Leow begins a six-part series giving a step-by-step guide on how to pick the investment of a lifetime A J Leow IS THIS the right time to go into private property? Will prices follow the bourse's trend? Or should I wait? And
        Photo by A J Leow  -  1,403 words
    • 803 22  -  CD Review By SHAHIRON SAHARI MANY couples have what they term "our song", a song or songs they always play when the occasion calls for it or simply when the mood is right. Valentine's Day is one such occasion, and if you're lucky to have
      803 words
    • 1562 22  -  Do Sineafloreans really celebrate Valentine's Day or is the occasion merely a marketing hype? Corinne Kerk and Jaime Ee find out. Corinne Kerk Jaime Ee SO YOU didn't make any dinner reservations for Feb 14 with your sweetheart. Is that a crime? Should you be hanged for
      Flowers by Jolene Teo  -  1,562 words
    • 602 23  -  By Jaime Ee WHAT'S with this love thing, anyway? Mention Valentine's Day and suddenly couples are looking at each other and going; "Uhm. yes. that's right. I do love you. don't I? Yes. 1 have the chocolates, the flowers yup. the proofs all
      602 words
    • SPORTS
      • 335 24 Golf Canary Islands Open AFP SAN BARTOLOME DE TIRAJANA, Canary Islands Spaniard Seve Ballesteros fired a 4-under-par 68 on Thursday to join three others in the lead after the first day of the U*****,000 (*****,500) Canary Islands Open. "1 played very well today,
        AFP  -  335 words
      • 775 24 America's Cup AFP SAN DIEGO, California America's Cup yachting preliminary rounds have ended after some bizarre sailing, strange even for the difficult sailing conditions typically found here. High winds. No wind. Fierce seas. No seas. Fog. And, oh yes, the US Navy aircraft carrier Abraham
        AFP  -  775 words
      • 386 24 AP PHOENIX Some people think Charles Barkley has mellowed in this laid-back town. Some don't think he ever needed to. Barkley. frequently in hot water before getting here, lists himself among the latter. "1 don't know if I've mellowed." he
        AP  -  386 words
      • SPORT SHORTS
        • Article, Illustration
          20 24 NfcW YORK NBA Thursday: Denver 101 Golden State 109; Seattle 126 Chicago 118 (OT); LA Clippers 122 Houston 107.
          20 words
        • Article, Illustration
          157 24 AP AP COLOMBO Sri Lankan batsman and wicketkeeper Hashan Tillekaratnc wants to divorce his par-ty-loving wife to save his cricketing career, officials said yesterday. Tillekaratne told a court in a note on Thursday that wife Nadeesha is busy attending social events and does not fix him supper when he
          AP  -  157 words
        • Article, Illustration
          199 24 SINGAPORE Rover Championship 2nd rd yesterday: 142 Chua Guan Soon 73 69 144 Lim Swee Wah 71 73 146 Bill Fung 74 72 147 Lim Kian Kee 73 74, David Soh (am) 73 74 148 Poh Ah Hai 76 72, Poh Eing Chong 73 75, Zaki Sulaiman (Mai) 72
          199 words
        • Article, Illustration
          141 24 AFP CARDIFF Swansea scrum half Robert Jones will become only the third Welshman to top 50 caps for his country when he plays against England at Cardiff Arms Park on Feb 18. Jones will join J P R Williams and Garcth Edwards in the exclusive "50 club" as Wales
          AFP  -  141 words
        • Article, Illustration
          95 24 AP I NEW YORK MasterCard Intcr- national on Thursday became the first sponsor of the 1998 World Cup, agreeing to pay about USS2I million (5530.66 million) for its association with the tournament and the 1996 Huropean Championship. The deal with ISL Marketing AG. the marketing agent for FIFA and
          AP  -  95 words
        • Article, Illustration
          432 24 AP LONDON Britain's Davis Cup captain on Thursday suggested the unthinkable rip up the grass at Wimbledon. David Lloyd, a long-time critic of the tennis establishment, said that recent changes in technology have made the most prestigious of all Grand Slam tournaments boring. "Wimbledon is the greatest tournament, the
          AP  -  432 words
        • Article, Illustration
          87 24 AP ALBUQUERQUE, New Mexico Lang Ping, assistant women's volleyball coach at New Mexico, has been named head coach of the Chinese women's team for the 1996 Summer Olympics. Lang Ping. 34, is expected to return to China next week to begin preparing for the Olympics. She also coached China's
          AP  -  87 words
    • PEOPLE
      • 162 24 Singapore's UOB group, led by its chairman Wee Cho Yaw and directors, held a reception at the posh Dusit Thani Hotel in Bangkok last December to mark the launch of the bank's offshore branch there. It was attended by the captains of industry in Thailand and
        162 words
    • TIME OFF
      • 651 25  -  Roxette failed to impress Shahiron Sahari. And Paul Anka, he felt, may not be the best interpreter of the songs he wrote Shahiron Sahari SO WHAT do we make of Swedish group Roxette? Are they a group destined for a feature spot in the
        651 words
      • 840 25 PAUL ANKA'S show at the Harbour Pavilion on Thursday reminded us that the writer of a song is not always its best interpreter. It must also rank as one of the strangest shows ever seen in Singapore. Anka, a prodigious song-writing legend with over 700 song
        840 words
      • 271 25 Lunar New Year Celebiity Show Well-known foreign and local artistes perform at this special Chinese variety special to usher in the New Year. Artistes include Tom Pan, Pan Meichen and Lin Yufa. Feb 12. 6 pm at the Sentosa Music Fountain. Normal charges to the island apply. The Odd
        271 words
      • 178 25 Bryan Ferry in Concert Better known as the ex-lead singer of Roxy Music, Bryan Ferry's hit list includes gems like All I Want, Slave to Love, Avalon and Rescue Life. Feb 20. 8 pm at the Harbour Pavilion. Tickets at $40, $60 and $80 available from Sistic outlets. Richard
        178 words
      • 409 25 Interdit Aux Moines de Treize Ans Directed by Jean-Louis Bertucelli and starring Sandra Montaigu and Patrick Depeyrrat. this tells the story of how Jean, bored with his life, decides to hold up the supermarket his wife works for. (French with English subtitles). Feb 21: 7.15 pm; Feb 22: 9.15
        409 words
      • Article, Illustration
        759 25 Dental Health Exhibition How to protect your teeth against the nasty germs. Also free check-ups, quizzes and games (with prizes) for one and all. Today and tomorrow. 9 am to 3 pm at the Kebun Bahru CC. Ang Mo Kio Ave 4. Free admission. Selama An exhibition (the first
        759 words
      • 259 25 A Crazy Little Thing Called Love A workshop/talk by the NTU Alumni CLub and the Singapore Planned Parenthood Association to "help you learn to help yourself' by understanding your emotions. Today, 2 pm at the NTU Alumni House. 469 lit Timah Campus. Is Britain Still Relevant to Singapore? The
        259 words
      • Article, Illustration
        364 25 Lunar New Year at Asian Village The Thai Ei Wushu Dragon and Lion Dance Group will be performing at the Asian Village to ring in the New Year with several gongs. Enioy a funfilled day and take part in the festivities. Today and tomorrow. Feb 18 and 19. 25
        364 words
      • 273 25 I Took Up the Runes A selection of mixed media Meditative Paintings by Iris Schalleck, who was inspired by the runes (alphabetic letters used by the ancient Germanic peoples). Today, at the Gallery. Shapiro and Smith Dance Co Formed in 1985, this dance company mixes "breath-taking physicality
        273 words
      • 142 25  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, Junction 8, Liang Court, Raffles City, Scotts, Specialists Centre, Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at
        142 words
    • EPICURE
      • 778 26  -  Jaime Ee tracks down the best chocolates in town Jaime Ee WHATEVER it is that people say about chocolates being aphrodisiacs, or the food of gods, or the kind of stuff men give women when they want their eyes to light up and say: "Take me, I'm
        778 words
      • 826 26  -  Wine By N K YONG THERE are few Italian red wines better known today than Sassicaia, even to those unfamiliar with the Italians. The story of Sassicaia is now the stuff of legends. The wine comes from a vineyard on the low slopes
        826 words
    • Article, Illustration
      1069 28 Blue Tiger. Virginia Madsen hunts down the yakuza killer of her son. He's got a blue tiger tattoo, so she gets a red tiger emblazoned on herself. R(A). Yangtze: I I.JO; J. 30; 7. JO. Death Machine. The new CEO of a weapons company finds herself up against the
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  • Page 17 Advertisements
    • 64 17 PROPERTY CONSTRUCTION Every Tuesday in Business Times Saint-Valentine. On this day, why not be unique? Cartier JEWELLERS SINCE 1847 A special "Valentine's" gift will be presented with every purchase in our boutiques from now until February 14,1995. Cartier• boutique/ Singapore Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel:
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  • Page 18 Advertisements
    • 25 18 GIVING YOU H I> I jy, THE SS WINNING s^»ji cnßc Sf*" i win ntMX r typteil JJund mji«U««' (h a xs:* Mmm FEBRUARY 1995
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    • 41 18 C •BT welcomes r J letters from you. S k Please address them r s to: The Kditor, j k Business Times, r 390 Kim Seng Rd, J S S'pore 0923. Letters C r should include your 1 contact numbers. S
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  • Page 18 Miscellaneous
    • 31 18 DOONESBURY GARRY TRUDEAU SO HOWS HNe? I UHY* fiAtS&fffAkeAIHEAP.A l|| iOURPONT, 7HtNK9e w*' Aurne ir —J a*ioO.A3o,oa>Y&w-ou? II UNCie- caivuse \7oNK£fi* F/N8... I. HARP 10 KJOKFJOR., ANPA R£CCMEBJNG 'II DUKB* ACHAN&
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  • Page 22 Advertisements
    • 502 22 THMORS A T B 3 T 1111 ft) 41'KS! tu w HH OvN Af«l M Something old, something new, something soppy, something blue: songs for lovebirds and wannabes ENDLESS lov t I i il IiMM. i >iii, i v.n flu—ft BUSINESS TIMES LIFESTYLE O EXCLUSIVE 120 years of tJ AUOWAWWSIJC^*
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  • Page 26 Advertisements

  • Page 27 Advertisements
    • 1353 27 Noll ting Beats A Bud. Hitsyfl where to wine, dine and entertain or "UC>iyh Qett" starts at tPtAgh Qioen Don'l miss our deliciouk I li}>h Tea Buffet available from 12 UtfUll lv Spin every weekend. Price: J13.M0 (ad nil) SB.BO (child) A La Carte Menu in also available. All .in-
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    • 13 27 COLEMAN'S CAFE Hotel Tel: 337-2200 a >u» otYTCHotA 3 Colemon Street, S'pore 0617
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  • Page 28 Miscellaneous
    • 2270 28 TODAY'S TV BIC72fIHHiHIBHTLI'SV'fI! JT HHIHHIEMO nnSKX] The Patriots (See iM i L'J In Movies). mm f 2.15 SeM-A-Vision. Sunan Kalijaga, 4pm. Ch 12 Movie Magic, 6.30pm, Ch 12 4.15 Close. Indonesian movie set during What is motion control filmthe decline of the Majapahit ing? the technique that -'Mto TV 1
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