The Business Times, 25 February 1995

Total Pages: 32
1 32 The Business Times
  • 14 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Weekend Edition, February 25-26 1995 85 C
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  • 529 1  -  From Ho Kay Tat in KUALA LUMPUR CONGLOMERATE Sime Darby Bhd is seeking permission from Bank Negara to buy a 20 per cent stake in Malaysia's fourth largest bank, United Malayan Banking Corp (UMBC), sources said yesterday. "Sime has applied for
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  • 262 1  -  By R Sivanithy SINGAPORE Stock prices around the region extended their gains yesterday, buoyed by the record-breaking performance on Wall Street on Thursday. In relatively heavy trading, the Straits Times Industrials Index surged 28.68 to 2,114.52, adding to the 32 points it
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  • 89 1 Reuter NEW YORK Wall Street stocks moved back below the 4,000 level yesterday as a strongcr-than-cxpcctcd January durable goods report spurred investors to take profits ahead of the weekend. The Dow Jones industrial average was down 9.08 at 3,994.25 at Ipm EST, while in the
    Reuter  -  89 words
  • 480 1  -  From Loh Hui Yin in BANGKOK THAI companies will find it harder to list on the Stock Exchange of Thailand (SET) under new stringent listing rules announced yesterday. At the same time, the SET is relaxing other rules and in some cases widening its
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  • 389 1  -  By Jenny Lam SINGAPORE Listed Wing Tai has bought Tomlinson Mansion, a seven-storey apartment block at the corner of Tomlinson Road and Cuscaden Road, for $62 million. The cost per square foot for the 33,400-sq-ft freehold site works out
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  • 2am LATEST
    • 67 1 AP MEMPHIS, Tennessee Federal Express announced yesterday it will buy Evergreen International Airlines' authority for a cargo route serving China. That will allow Federal Express to serve China directly from its Anchorage, Alaska, hub rather than transfer packages in a Chinese carrier
      AP  -  67 words
    • 82 1 Reuter BRUSSELS The European Union is set to miss a 1997 deadline for switching to a definitive Value Added Tax (VAT) regime, despite great efforts by Germany, which as the EU's biggest manufacturer has a special interest in the system. In
      Reuter  -  82 words
  • 160 1  -  From Lim Soon Neo in HONGKONG IMPROVED sentiment and strong buying by overseas investors yesterday helped the Hongkong share market to rebound strongly, pushing the blue-chip Hang Seng Index up 3.04 per cent to close at 8,218.95 points. The Hang Seng Index was up
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  • 171 1 Stock market indices Friday Change STII 2.114.52 +28.68 KLSEComp 970.45 +20.99 Nikkei 17.472.94 -357.08 Hang Seng 8.218.95 +242.54 SET Index 1.294.19 +17.05 Jakarta Comp 454.69 +0.30 Manila Comp 2.587.92 -10.32 Taipei WPI 6.596.07 +43.12 Seoul Comp 892.89 -14.97 Bombay BSE30 ..3.448.29 +77.06 CLSA China B 820.30 +0.90 Ausl
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  • SINGAPORE NEWS
    • 586 2 No odd players or personal strains in cabinet THERE are no odd players or personal strains in Singapore's political leadership. Prime Minister Goh Chok Tong said in an interview with the Lon-don-based Financial Times. Some differences in approach to problems appear
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    • 287 2 THE age limit for the CPF Home Protection Scheme (HPS) will be raised from 55 to 60 from Mar 1 to coincide with the legal retirement age of 60. CPF said yesterday its members will benefit from this move as
      287 words
    • 773 2  -  By Abdul Hadhi THE government is revamping HDB flat resale procedures to curb the practice of money being paid "under the table" to sellers who sold their units for tens of thousands of dollars above the declared price. The
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    • 362 2 NTUC Income will take a tougher line on car accident claims from March 1, after a $45 million underwriting loss on motor business in the past two years. It said yesterday the new measures are aimed at weeding out bogus or
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    • 477 2  -  By Soh Tiang Keng THE Consumers' Association of Singapore (Case) yesterday reiterated that many banks fail to give adequate information on consumer loans right from the start. Case's executive director. Tan Bee Lan, replying to bankers' comments that they already disclose
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    • 577 2  -  Workshop on economic outlook for S'pore/region By Ven Sreenivasan SINGAPORE'S economic growth will slow to 8.1 per cent this year from last year's 10 per cent, according to the National University of Singapore's Econometric Studies Unit (ESU). The ESU
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    • 466 2  -  By Vikram Khanna INTEREST rates in Asean countries, except Singapore, look set to rise sharply in the wake of higher US rates, an economist from a securities firm said yesterday. Prasenjit Basu, Research Director and Asean Economist at ÜBS Securities, argued that this will happen
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    • 282 2 COMPANIES which are in the business of delivering express letters locally and internationally will have to be licensed by the Telecommunication Authority of Singapore by April I. TAS yesterday said it has liberalised the express letter service, and new companies which wish to
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • 194 2 small window (8) 23 Let again 26 He acknowledges that he's 28 Obese African leader con- condition (3,4) YESTERDAY'S SOLUTION fronts lean determinist (8) Phones to say he II visit i u i n i o m|^| h t Im[c!alpl i In| 29 Charm a stubborn brute r r U
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  • THE REGION
    • 549 3 HONGKONG Chinas Vice-Premier and economic czar Zhu Rongji will relinquish his authority as governor of the People's Bank of China (PBOC) at next month's meeting of the National People's Congress, the South China Morning Post newspaper reported yesterday. The
      549 words
    • 370 3  -  From Lim Soon Neo in HONGKONG THE Hongkong government yesterday unveiled its draft estimate of expenditure for the financial year 1995-96, which showed an overall increase of 9.3 per cent in total public spending to HK5203.93 billion (5538.48 billion). Secretary for
      370 words
    • 237 3 Bloomberg Business News, Reuter HONGKONG The Hongkong government said it will review its land auction programme for the rest of fiscal year 1994-1995, two days after it failed to sell three commercial sites at auction. There was no bidding at all for the three
      Bloomberg Business News,; Reuter  -  237 words
    • 370 3 Reuter KUALA LUMPUR Malaysia's burgeoning current account deficit has triggered fears of overheating in the fast-grow-ing economy, but it is nowhere near the stage of a Mexico-style meltdown, economists say. They say Malaysia is heading for a government estimated current account deficit of M
      Reuter  -  370 words
    • 448 3  -  By Juliette Walker SINGAPORE US car giant General Motors Corp will use its regional headquarters here to spearhead a major expansion in the Asia-Pacific region. Louis Hughes, president of international operations, said GM is planning to expand production
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    • 504 3 AFP BLG BEIJING The prospects of averting a Sino-US trade war over copyrights this weekend improved yesterday, as the US chief negotiator said the two sides were preparing to "wrap up" after a day of productive talks. Deputy Trade Representative Charlene Barshefsky told
      AFP; BLG; Reuter  -  504 words
    • NOTE BOOK
      • 63 3 SINGAPORE HBO Asia, the US-owned movie channel, had doubled its total paying subscribers to nearly 600,000 by the end of 1994. managing director William Hooks said yesterday. He noted that the channel has had a successful launch in Taiwan and strong growth in Thailand and the
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      • 64 3 AFP TOKYO Japanese and US negotiators concluded two-day talks on deregulation yesterday, with Tokyo promising to further cut red tape in an effort to liberalise the Japanese market. Trade Ministry officials said. During the meeting, the US side demanded that Japan include specific measures in
        AFP  -  64 words
      • 71 3 AFP MANILA China and the Philippines are to hold sub-ministeri-al talks in Beijing next month on their ongoing dispute over a Chinese-occupied reef in the Spratly Islands in the South China Sea. Foreign Department officials said yesterday. Foreign Secretary Roberto Romulo told reporters the two countries
        AFP  -  71 words
      • 49 3 Bloomberg Business News WELLINGTON New Zealand's merchandise trade surplus in January narrowed to NZ537.3 million (5534.3 million) from a revised NZ5138.5 million in December, the government statistician said. That compared with a surplus of NZ574.3 million in January last year. Bloomberg Business News
        Bloomberg Business News  -  49 words
      • 83 3 Reuter SYDNEY Australia said yesterday that Myanmar's ruling junta faced possible exclusion from next July's meeting of Asean nations due to continued human rights abuses. Citing attacks on ethnic-minority rebels and issues of forced labour and political prisoners. Australia's foreign minister Gareth Evans said a case
        Reuter  -  83 words
    • 351 3  -  By Teh Hooi Ling SINGAPORE The Singapore Furniture Park in Kunshan. China, is progressing well, with half or about 10 of the companies which have taken up space in the park expecting to start operations by year-end. Eurosa Furniture, which has taken
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  • Page 3 Advertisements
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  • REGION/WORLD
    • 467 4 Bloomberg Business News, AP WASHINGTON US factory orders for durable goods showed a surprising 0.6 per cent gain last month, suggesting that the economy is continuing to shrug off" the effects of higher interest rates. •The news initially sent the dollar
      Bloomberg Business News,; AP  -  467 words
    • 457 4 AFP WASHINGTON The United States is pressing to keep the world's information superhighways free of roadbloeks as a meeting of the top seven industrialised democracies opened yesterday on the emerging technology. US officials said the tendency of European
      AFP  -  457 words
    • 410 4 Reuter NUREMBERG, Germany Workers in Germany's key engineering sector began their first strike for 11 years in the chill of dawn yesterday, stressing their resolve to keep up the protest until employers agree to their pay demands. The 1G Metall
      Reuter  -  410 words
    • 312 4 SCMP HONGKONG The Bank of China (BOC) looks set to overtake Hongkong Bank's recordbreaking HKS3.2 billion (SS6OO million) floating-rate certificate of deposit (FRCD) issue, and it has already received commitments for HK$5 billion, according to bankers. Japanese banks were said to be
      SCMP  -  312 words
    • 381 4 Reuter BEIJING China, struggling to rein in inflation and to feed its 1.2 billion people, said yesterday that a priority for 1995 was to increase agricultural production and the income of farmers. Demographers warned that feeding China's growing population was an
      Reuter  -  381 words
    • 347 4 Reuter BEIJING China pledged yesterday to spread village democracy nationwide by the year 2000, putting farmers at the vanguard of a drive towardsDeng Xiaoping's 1987 vision of national direct elections within half a century. "The Ministry of Civil Affairs has set as its basic
      Reuter  -  347 words
    • 1739 4 City Flight ETA Flight ETB_ City Flight ETA Fight ETP Aim Dhabi GA890 0110 Hangihou MI931 2045 MI932 0920 6*860 1945 Hanoi VN741 1310 SQ176 1130 Amman RJ187 0130 SQ175 1905 VN740 1410 Amsterdam KL837 1540 GA890 0815 Hatyai M1895 2300 TG408 0820 SQ324 2330 M1896
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    • 336 4 AP BERLIN A day after Opel's biggest recall ever, its big competitor Volkswagen issued a recall of its own for some 1.9 million Golfs and Jcttas produced from 1983-1989 that could have heating system defects. VW said the recall order could
      AP  -  336 words
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    • 33 4 /s A Fashion Beauty Cad for A CotourfuC Lifestyle! LCall 24 hours a day for hot topics close to your heart anything from head to toe. I Cost: 30 cents a minute J)
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  • THE WORLD
    • 627 5  -  Analysts expect further gains this year on firm dollar and positive economic news From Leon Hadar in WASHINGTON THE Dow Jones Industrial Average closed above 4,000 on Thursday for the first time in its 101-year existence. Its 30.28-point jump to
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    • 380 5 Reuter BAL HARBOUR, Florida Organised labour's ruling body ended its annual winter meeting on Thursday without deciding who should lead the labour movement in its battles with a hostile Congress and in its struggle to rebuild its membership. What began as murmurs
      Reuter  -  380 words
    • 369 5 Reuter OTTAWA President Bill Clinton hailed a new aviation accord to be signed with Canada yesterday as an example for the rest of the world of how the two countries are tearing down trade barriers. The second and final day of a US-Canada summit
      Reuter  -  369 words
    • 345 5 Reuter MOSCOW Russia and the International Monetary Fund yesterday began a new round of talks on granting Moscow a US$6.3 billion (Ss9.l billion) standby loan. Meetings between officials of the two sides were scheduled during the day, sources close
      Reuter  -  345 words
    • 325 5 Los Angeles Times WASHINGTON House Republicans, caught up in a budget cutting fervour that surpassed even their own predictions, took aim on Thursday at an array of federal housing, poverty and low-in-come assistance programmes, as well as President Bill Clinton's cherished
      Los Angeles Times  -  325 words
    • 468 5 Reuter LONDON The latest monthly survey of trends in UK manufacturing has squashed hopes that economic growth is slowing down, while also illustrating that inflation pressures in industry remain high, analysts said. The January survey by the Confederation of British Industry (CBI) contained
      Reuter  -  468 words
    • 235 5 AFP LONDON Middle class voters are deserting Britain's ruling Conservatives in record numbers for Tony Blair's newlook opposition Labour Party, according to the latest Mori poll in yesterday's Times. Labour on 58 per cent against 56 per cent last month widened
      AFP  -  235 words
    • WORLD WATCH
      • 62 5 Bloomberg Business News LONDON Britain's trade deficit with countries outside the European Union narrowed to a lowcr-than-expcctcd £303 million (SS69B million) last month from a revised £913 million in December, the Central Statistical Office said. The December deficit was originally reported as £1.05 billion on
        Bloomberg Business News  -  62 words
      • 65 5 Reuter PARIS The French economy grew by 2.5 per cent last year after a strong export and investment performance in the fourth quarter that saw expansion of 0.6 per cent, the national statistics office, INSEE, said yesterday. Economists had been broadly expecting the news after
        Reuter  -  65 words
      • 62 5 AFP WASHINGTON Exports of US agricultural products will reach a record US$4B.5 billion (SS7O billion) during the 1995 fiscal year, according to the latest estimates by the US Department of Agriculture. The forecast is USS3.S billion higher than the one released in November.
        AFP  -  62 words
      • 80 5 Reuter WASHINGTON The seemingly insatiable American appetite for meat, forecast at 85 kg per person this year, will grow by more than 0.4 kg a year for the rest of this dccadc, the US Agriculture Department forecast on Thursday. It also projected several more years
        Reuter  -  80 words
      • 88 5 Reuter NEW DELHI Swedish arms maker Bofors, banned by India in 1990 after charges that it paid kickbacks in a field gun deal, said yesterday that it wants to resume business links with India. "Our intention is to try to come back to India
        Reuter  -  88 words
      • 57 5 AFP CAPE TOWN South Africa's Finance Minister Chris Licbenberg said yesterday that political stability was a top factor in the decision to abolish the financial rand, South Africa's unit for foreign investors. Members of the Inkatha Freedom Party walked out of parliament on Tuesday and
        AFP  -  57 words
  • Page 5 Advertisements
    • 77 5 An exhibit of Ching Imperial Ware Fine Modern Contemporary Chinese Paintings Jade Carvings Works of Art USsVt' I B*f§' vfjjM j &IR Zhang Ce— Moonlight Joy (90 x 90cm Dote: 24 Feb 1 Mar 95 Time: 11:00 a.m. 7:30 p.m. Tel: 235 2328 Venue: Orchard Point Exhibition Hall, 160 Orchard
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  • COMPANIES & MARKETS
    • 387 6  -  By Ven Sreenivasan SINGAPORE Industrial hardware products maker Sin Soon Huat Ltd announced yesterday that it had obtained in-principle approval for a Sesdaq listing. It is expected to launch its initial public offering (IPO) next month. The company was set
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    • 288 6  -  By i Alvin Tay SINGAPORE Regional expansion will be Malayan Banking's main objective for the *****, says managing director Amirsham Aziz. In an interview with BT in Kuala Lumpur recently, Mr Amirsham said Maybank planned to apply for an offshore banking
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    • 532 6  -  From Florence Chong in SYDNEY SINGAPORE-based Jack r-Chia-MPH Ltd plans to merge its confectionery and biscuit-manufacturing businesses in Australia within three years, and the group is also studying China closely as a consumer market for chocolates and biscuit products. It is likely that JC-MPH
      532 words
    • 831 6  - US$ stocks on SES unloved, undervalued HOCK LOCK SIEW By Catherine Ong SINGAPORE DaimlerBenz's recent move to get its US$-denominated listing converted into local currency highlights the plight of foreign stocks trading on the Singapore Stock Exchange (SES). Of the 10 US$-traded stocks on the SES, only two newcomers Jardine
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    • 489 6  -  From Ho Kay Tat in KUALA LUMPUR THE Kuala Lumpur Stock Exchange is coming down hard on companies that have had their shares suspended for too long without valid reasons. KLSE sources said the exchange was calling up senior executives
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    • 20 6 For next week's expected market sentiment, see BT Sentiment Index on FAA (Personal Finance Investment section)
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    • Article, Illustration
      85 6  -  -By Paul Leo FRASER NEAVE will have to undergo a consolidation before it can successfully breach resistance at $16.00. At yesterday's close of $15.50, both moving averages and directional indicator MACD on the daily chart have just signalled a sell. However, the downside is limited to $14.00 and
      85 words
    • SHIPS IN PORT
      • 289 8 Vessel V»y No Berth Arrival Departure Vessel Voy Wo Berth Arrival Departure Marina Wharves Batam spe«fi «895» pcia 2402/1900 2402/2000 Trans Fnend 103 K23 21 03/1830 27 02/2300 frimawa 03/95 P03 2402/1500 25 02/0630 Joiian 3 303/95 P03 24 02/1530 25 02/0600 Kalimantan 1 *6/95 P03 24.02/1530
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      • 1465 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rslts Ship Voy No Etb/Btr Period From To From ACX Jade 227* 25/2359 1A 24/1500 24/1659 24/1900 3 25/0700 25/1159 25/1400 ACX Rose C63A 26 0900 1A 24/1500 24/1659 24/1900
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    • COMPANIES
      • 458 7  -  From Loh Hui Yin in BANGKOK THAI Airways will be reducing its wide range of aircraft types and engines drastically as part of its move to stay competitive. Having a wide range is costly in terms of spare parts, personnel
        458 words
      • 366 7  -  By Genevieve Cua SINGAPORE Goodman Fielder Asia yesterday said it had taken immediate steps to rectify the "operational irregularities" in its marketing business under Auric Pacific Malaysia (APM), including making management changes. It said it discovered a series of malpractices in the
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      • 295 7 Bloomberg Business News KUALA LUMPUR The board of Tenaga Nasional Bhd, Malaysia's main electric power utility, must approve the terms of the agreement under which it will buy power from a massive new hydro-electric plant, chairman Ani Arope said yesterday. "We have
        Bloomberg Business News  -  295 words
      • 573 7 Feb 25 27 US Or Fund 1.00 1 04" Singapore Unit Trust (JOB Asset Mgt Ltd The Commerce 1.59 1.68 Umfund 1.35 1.40 The Savings Fund 1.52 1.61 IJnibond f 1.02 1.045 S'porc Prog Fund 0.58 0.62 United Gr Fund! 1.56 1.63 S;porc See Fund 0.94 1.00 United Asia Fund
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      • 298 7 SINGAPORE CDL Hotels New Zealand (CDLNZ) yesterday announced a NZ$7O million (5564.4 million) expansion plan which will increase its chain from 20 hotels to 23 hotels, giving it a combined 3,309 rooms. The plans include converting and extending existing properties, a new acquisition
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      • 334 7 Reuter KUALA LUMPUR Malaysian Resources Corp Bhd (MRCB) is poised to become a key telecommunications player but faces a tough 16 to 18 months before income from its new investments starts flowing in, a company official said. "The next 16 to
        Reuter  -  334 words
      • 277 7 Bernama KUALA LUMPUR Hong Leong Credit Bhd is to acquire 111.45 million shares representing a 15.91 per cent stake in Hong Leong Properties Bhd via a call and put option for M 5356.65 million (*****.17 million) cash, or M 53.20
        Bernama  -  277 words
      • 220 7 SINGAPORE Malaysia's George Town Holdings Berhad has bought an 80 per cent share in a group which is planning to develop an integrated movie, entertainment and business park project in the United Kingdom. The Kuala Lumpur-listed group said yesterday that its wholly-owned
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      • COMPANY BRIEFS
        • 80 7 SINGAPORE Can-maker CarnaudMetalbox Asia yesterday opened its regional R&D centre at Science Park, its first outside Europe. CMB's regional R&D director Allan Dick said the group will be involved in projects to raise manufacturing productivity and enhance competitiveness and customer service. He said CMB's
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        • 61 7 SINGAPORE SAL Industrial Leasing will hold an extraordinary general meeting on March 20 to approve a change of its name to ST Capital Ltd. The proposed name change follows the restructuring of Singapore Technologies Holdings (STH). The company is 60 per cent
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        • 26 7 SINGAPORE Vickers Ballas Holdings has acquired 500,000 ordinary shares of Vickers Ballas Asset Management for $500,000, making it a fully-owned subsidiary.
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        • 43 7 SINGAPORE United Industrial Corporation has formed a fully owned subsidiary. Bankers Club (S) Pte Ltd, with an authorised capital of S 100.000. Principal activity of the subsidiary is to do business as a proprietor of clubs.
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        • 68 7 Bernama KUALA LUMPUR Carlsberg Brewery Malaysia Bhd has reported a group pre-tax profit of M 588.02 million (Ssso million) for the year ended last Dec 31, up 29.3 per cent from M 568.07 million a year earlier. Group turnover rose to M 5510.45 million
          Bernama  -  68 words
      • 284 7 Payment Ex Books Pay date close date Avimo 20* F I2.5TE Marl Mar 7 Apr 15 A/tcch$« b 20TE May II May 16 May 31 BAT 21* F 4.14 Mar 20 Mar 24 Apr 6 Bcrjaya Group I 6 Mar 7 Mar 21 Apr 21 Bcqaya Ind I 3.S Mar
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      • 440 8 Reuter, AFP SHANGHAI The Shanghai Stock Exchange moved to kill speculation in red-hot treasury bill futures by closing the futures market for the morning yesterday and then reopening it with strict price controls. An exchange statement said the daily price movement
        Reuter,; AFP  -  440 words
      • 178 8 Reuter HONGKONG Cheung Kong (Holdings) Ltd chairman Li Ka-shing was quoted as saying Cheung Kong will definitely complete work on Oriental Plaza, a highly controversial commercial property project in Beijing. "No matter how. Oriental Plaza will be built," the Hongkong Economic Times
        Reuter  -  178 words
      • 300 8  -  Pledge that Shougang will honour all previous contracts From Lim Soon Neo in HONGKONG THE new chairman of Bei-jing-based Shougang Corp. Bi Qun, will meet soon with Cheung Kong (Holdings) chairman Li Ka-shing to discuss closer cooperation
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      • 50 8 Reuter LONDON Imperial Chemical Industries' retiring chairman Denys Henderson (left) with (from left) chairman-elect Ronald Hampel, financial director Alan Spall and chief executive-elect Charles Miller Smith. ICI, Britain's biggest chemical company, on Thursday announced pre-tax profit of £408 million (SS94I million) for the year. Reuter
        Reuter  -  50 words
      • 229 8 Reuter BOMBAY Truckmaker Ashok Leyland is planning to become the first Indian company to float equity in the overseas market this year, with a US$lOO million issue of global depositary receipts (GDRs), bankers said. The firm will begin roadshows next week for the issue,
        Reuter  -  229 words
      • 241 8 HK China Gas profit for 1994 rises by over 20% Bloomberg Business News HONGKONG Hongkong China Gas Co said 1994 net profit rose 20.18 per cent amid growing sales at its Hongkong utility Towngas. Net profit rose to HKSI.37 billion (*****.9 million) from HKSI.I4 billion in 1993. The figure outstripped
        Bloomberg Business News  -  241 words
      • 404 9 Financial Times PARIS AT&T, the US telecoms giant, has broken off talks with the French government over plans to take a stake in Groupe Bull, the computer manufacturer which is being privatised. The US group and Quadral, its French
        Financial Times  -  404 words
      • 412 9 Reuter HANOI Bank of America opened its first Vietnam branch in Hanoi yesterday and a senior executive dismissed suggestions that Vietnam had too many foreign banks provided they specialise. It was the 13th foreign bank branch to open in the capital
        Reuter  -  412 words
      • 293 9 Bloomberg Business News NEW YORK American International Group Inc's fourth quarter earnings rose 15 per cent on increased international premiums, exceeding analysts' expectations. The largest US commercial property and casualty insurer said profit from operations rose to U*****.2
        Bloomberg Business News  -  293 words
      • 289 9 Reuter TOKYO Japan's Fair Trade Commission will interview officials of Daiei Inc. the largest supermarket operator, on suspicion that the company may have violated the anti-cartel laws that ban sale of merchandise below what the company paid for it for an extended
        Reuter  -  289 words
      • 146 9 AFP MINNEAPOLIS, Minnesota Honeywell Incorporated announced on Thursday that it would build its first factory in China to produce heating controls for apartment and commercial buildings. The company, which has been doing business in China since 1979, said the plant
        AFP  -  146 words
      • 390 9 Piatt's Oilgram LONDON The Royal Dutch-Shell group of companies has reported a net income of £4.07 billion (559.38 billion) for last year, up 36 per cent from a flat £3 billion in 1993. Excluding special items, which added £369 million
        Piatt's Oilgram  -  390 words
      • 221 9 AFP LONDON Newspaper group The Telegraph said on Thursday it would soon leave the London Stock Exchange, ending its three years as a public company, as it announced lower 1994 results caused by a newspaper price war in Britain. Proprietor Conrad
        AFP  -  221 words
      • COMPANY BRIEFS
        • 70 9 Bloomberg Business News HONGKONG IBM has set up a research centre with one of China's largest universities to promote the use of high-speed communication technologies. The venture with Shanghai's Jiao Tong University is designed to introduce the use of so-called asynchronous transmission mode local
          Bloomberg Business News  -  70 words
        • 54 9 Reuter BEIRUT The president of Beirut's bourse. Gabriel Sehnaoui (right), showing an agreement signed with the Paris stock exchange's president Jean-Francois Theodore on Thursday. Under the pact, the Paris bourse will grant the Beirut Stock Exchange technical aid to help it reopen in a
          Reuter  -  54 words
        • 82 9 AFP TOKYO Japan's Toshiba Corp and Motorola Inc of the US announced yesterday the completion of a new 60 billion yen (SSB7O million) semiconductor facility in northern Japan. A joint statement said the new plant, located in Sendai. north of Tokyo, plans to start production of 16-megabit
          AFP  -  82 words
        • 75 9 AFP WASHINGTON The Pentagon announced on Thursday that it was dropping Britain's Lucas Industries and its US subsidiaries as suppliers due to "fraudulent activity" linked to a contract for FA/18 Hornet aircraft accessories. On Jan 9, Lucas pleaded guilty in a US federal court to 37
          AFP  -  75 words
        • 65 9 AFP SEOUL South Korea's Dacom yesterday signed an agreement with Himachal Futuristic Communication of India to set up a telecommunications joint venture, a Dacom spokesman said. The joint venture, capitalised at US$2 million (552.9 million), will offer a credit card information system (CCIS) service
          AFP  -  65 words
        • 54 9 AFP SYDNEY Australian metals miner Comalco yesterday posted net profits of A 5145.6 million (SSIS6 million) last year, up from As 79 million the year before. Comalco said the 45.7 per cent lift was due to high metal prices and a turnaround in the group's
          AFP  -  54 words
      • 337 9 Bloomberg Business News, Reuter ZURICH Union Bank of Switzerland, the largest Swiss banking group, posted a 28.9 per cent decline in net profit to 1.61 billion Swiss francs (551.87 billion). ÜBS proposed an unchanged dividend of 32 francs per bearer share and 6.4 francs per registered
        Bloomberg Business News,; Reuter  -  337 words
      • 127 9 Reuter REDMOND, Washington Microsoft Corp said on Thursday it acquired RenderMorphics Ltd, a London-based multimedia technology company, as part of its strategy to bolster its Windows operating system. Terms were not disclosed. Microsoft said RenderMorphics is the industry leader in three-dimensional programming tools and technology
        Reuter  -  127 words
    • FINANCE & COMMODITIES
      • 312 10 Reuter MANILA A senior Philippine Central Bank official blamed unidentified speculators for the fall in the local peso and said authorities would do all they could to drive them out of the market. Traders, however, said the peso's fall to a
        Reuter; Source: Bloomberg  -  312 words
      • 439 10 DBS Bank weekly currency review US$/DM: bears to take a breather? Bearish sentiment continued to hold sway in the market this week, pushing USS/DM to a low of 1,4645 by Wednesday. It then recovered to trade around 1.4715 yesterday morning. The technicals still
        439 words
      • SMALL CHANGE
        • 91 10 Bloomberg Business News HONGKONG Hang Seng Bank said it will relax its policy on home mortgage loans by increasing the proportion of the valuation of luxury and older properties it will lend. From next Wednesday it will increase the loan-to-valuation ratio for apartments
          Bloomberg Business News  -  91 words
        • 106 10 Bloomberg Business News NEW YORK Four New Jersey municipal finance executives, including two political allies of former governor Jim Florio, were charged with using kickbacks to profit from the sale of US$237 million (***** million) of municipal bonds. The US Attorney's office filed criminal
          Bloomberg Business News  -  106 words
        • 82 10 Knight-Ridder TAIPEI The Asia Development Bank has decided to issue NT$2 billion (Ssl 10 million) of bonds here this year, officials at Taiwan's finance ministry said yesterday. Chinatrust Commercial Bank is thought to be the arranger for the bonds, whose maturity and date of
          Knight-Ridder  -  82 words
      • 332 10 Reuter HARTFORD, Connecticut Connecticut officials, fearing a massive loss of jobs, on Thursday mounted a campaign with New England states to block the proposed US$3.7 billion (555.4 billion) merger of Shawmut National Corp and Fleet Financial Group. New England is
        Reuter  -  332 words
      • 287 10 SINGAPORE Singapore in-terest-rate spreads on Asian corporate debt widened in the face of the recent Mexico crisis, according to US investment bank JP Morgan. In its first issue of Asian Credit Outlook, a monthly publication that covers developments in the Asian debt markets, Morgan
        287 words
      • 243 10  -  Bank unintentionally exceeded liabilities limit, says vice-president From Al Labita in MANILA THE Philippine Central Bank (CB) has slapped a 1 million peso (5558,823) fine on a Hong Kong Shanghai Banking Corp (HSBC) branch for violating foreign exchange rules. The penalty was meted out
        243 words
      • 322 10 ENERGY REft)*T LONDON Oil futures were mixed pending a decision yesterday by the US Environmental Protection Agency (EPA), on a possible opt-out from the reformulated gasoline (RFG) project by the state of Wisconsin. The state has requested a suspension of RFG sales to look
        322 words
      • 201 10 Reuter LONDON The dollar was edging lower against the mighty mark in early European trading with others like the lira and the pound also suffering. "It's the old story of the mark being the best of a bad bunch," said a forex dealer. At 1025 GMT, the dollar
        Reuter  -  201 words
      • 95 10 AFP NEW YORK The dollar firmed against major currencies early yesterday in moderately active trading. A record day on Wall Street on Thursday and a strong bond market buoyed the US currency. At 1505 GMT, the dollar was at 1.4730 marks up from 1.4677 Thursday at 97.25 yen
        AFP  -  95 words
      • Article, Illustration
        1455 10 index calculated afwnu S'parr's top 14 trading partners Base year JMf US$/S$ forward rates Noon /Feb 24 s$ Bid Offer 1-month 1.4454 1.4469 2-month ***** 1.4431 3-month I 4385 1.4398 6-month ***** 1.4326 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Fab 24 Singapore dollars to one uait
        1,455 words
    • COMMODITIES & FUTURES
      • 1435 11 SIMEX REPORT Reuter SINGAPORE Simex Eurodollar and Euroyen futures closed mixed, with market participants unwilling to get too enthused about hopes that US rate rises are over or a falling Japanese stock market. Expectations that US interest rates have stopped rising kept Eurodollar futures tirm, but
        Reuter  -  1,435 words
      • 685 11 COMMODITY WEEKLY ROUNDUP Rubber SINCATORE: Rubber futures widened overnight gains to end sharply higher on dealer shortcovering and fresh buying. Sentiment was further buoyed by an encouraging Tokyo market, which ended the day 1.0 to 4.7 yen a kg on spilled-over bullish sentiment. Apr
        685 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 60 11 MELBOURNE Comalco Ltd yesterday said it produced 434,949 tonnes of primary aluminium in 1994 against 421,728 in 1993. Alumina production in 1994 totalled 1.39 million tonnes compared with 1.17 million tonnes in 1993. Comalco reported a net profit of A 5119.4 million for the calendar
          60 words
        • 66 11 HANOI Abnormally dry weather in Vietnam's Central Highlands, the country's coffee-growing region, is adversely affecting the coffee crop, it was reported yesterday. The crop being harvested could be reduced by as much as 20 per cent from a year earlier if the current drought continues
          66 words
        • 82 11 SYDNEY The Australian wool market remained steady this week, with the eastern market indicator edging up by another one Australian cent to set a new 1994-95 (July-June) high of A 58.37 (558.95) per kilogram. China remained a strong buyer despite the high price levels, while Japanese
          82 words
        • 82 11 SYDNEY The Australian Wheat Board may move from a statutory marketing authority to a privatised grower-owned company under a plan being developed by the board. AWB deputy chairman Trevor Flugge said that a concept model for the organisation had been developed, which would be discussed with
          82 words
      • 1458 11 Rubber Feb 24 Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Mar 95 256.50 475 Apr 253.00 253.00 255.00 75 1500 May 253.00 251.25 254.00 125 2750 Jun 253.00 249.25 253.00 125 2200 Jul/Sep
        1,458 words
    • REGIONAL STOCK MARKETS
      • 1037 12 -1-17.6 A RECORD close on Wall Street set shares on a rally yesterday in heavy trade bolstered by the nearing expiry date on options to buy and sell shares. The All Ordinaries Index closed at 1.911.1 points, up 17.6. The All Industrials Index finished 22.4 up at 2,859.7, while
        1,037 words
      • 634 12 -10.32 A technical correction coupled with foreign investors' worries over a downturn after the Dow Jones hit a record high on Thursday caused share prices to slide, analysts said. The PSE Index fell 10.32 points to end at 2,587.92. Turnover was 1.62 billion shares valued at 1.247 billion pesos.
        634 words
      • 213 12 17.01 The local bourse took its lead from Wall Street just as the Dow closed above 4,000, so the New Zealand Kcfe 24 NZ Vol ANZ Banking S.JO unck 500 Advantages Hldp 1.60 4 002 ***** Air Ne» Zealand (A) 3 5* 4 001 *****) Air Nr» //aland
        213 words
      • 555 12 +43.12 Stocks rallied despite slow trading, thanks to strong performances by cements, banking and insurance. The Weighted Price Index gained 43.12 points to 6,596.07. Turnover rose, with 917 million shares worth NTS3B.B billion changing hands. Rises outstripped falls 176 to 112. The market opened high and peaked at 6,640
        555 words
      • 584 12 -14.97 Share prices tumbled again, falling below the psychological 900point mark. The Composite Price Index shed 14.97 points to settle at 892.89. Turnover contracted to 18.21 million shares valued at 298.1 billion won. Falls totalled 756 shares, while only 52 shares managed to advance in lacklustre trading. News that
        584 words
      • 109 12 +77.06 Stocks fell back from the day's highs but still ended up 2.3 per cent from the previous close. The BSE 30-share Index closed at 3,448.29 points, up 77.06. The 100-share Index gained 57.34 to 1,675.95. "The rally is nothing but a euphoria over the authorities' plans to look
        109 words
    • WORLD STOCK MARKETS
      • 844 12 -11.6 SHARES closed mostly easier as the market braced itself for a political showdown next week, while a weak early Wall Street added to downward pressure. The FTSE-100 Index finished down 11.6 points at 3,037.7, bringing an abrupt end to Thursday's rally which dealers had hoped would continue yesterday.
        844 words
      • 163 12 -22.35 French shares tumbled deep in the red with a fall of over one per cent in the last hour of trading as investors were closing their positions ahead of the weekend, afraid the weak franc will further fall. The franc, victim of a combination of German mark strength
        163 words
      • 197 12 -8.86 German stocks fell, pulled down by shares of carmaker Volkswagen after it announced it's recalling 1.9 million cars for repairs. The DAX Index closed down 8.86 points at 2,117.58. "Volkswagen was big news," said a broker. "Otherwise. everyone's watching Wall Street to see if they can hold the
        197 words
      • 174 12 1.12 Belgian shares closed flat in thin trade, failing to take its cue from the start of a new two-week forward market account and Wall Street's record close above 4,000. The Bel-20 ended up 1.12 points at 1,337.53 with a low 830 million francs worth of shares traded. Some
        174 words
      • 149 12 -13 Italian stocks closed little changed after falling for four days as investors watched for signs that Italy's argumentative political parties will agree to pass a 20 tril-lion-lire deficit reduction package. Approval of the package is seen as important by investors because it will demonstrate Italy's politicians are serious
        149 words
      • 275 12 -0.86 Dutch stocks ended lower as dull trade failed to pull shares up enough to recover from earlier lows. The dollar firmed, but dealers were still wary and a depressed Royal Dutch did not help much. Royal Dutch dropped 2.70 guilders to 187.40. Analysts put it on the "hold"
        275 words
      • 155 12 -0.21 pc The Stockholm bourse ended the week higher after a choppy day's trade. The bourse opened higher, following Wall Street, but weakened around lunch time when the exchange's biggest stock drugs firm Astra found itself under selling pressure. Astra ended down one crown at 185 after a rough
        155 words
      • 245 12 -8.8 Swiss shares ended slightly easier in slack trade. Dealers said the market lacked the drive to break out of its current range of 2,580 and 2,640 points in the SMI. Banks weakened after ÜBS said its 1994 profit fell by almost 30 per cent. The broad SPI Index
        245 words
      • 357 12 +43.5 New highs on Wall Street, a firmer gold price and weaker financial rand all served to coax South African shares higher. "Wall Street really set the pace, but although there's a much better tempo there's no real aggression in the buying," a dealer said. Overseas buyers picked up
        357 words
      • 235 12 -11.46 Stock index fell in early sluggish trade depressed by a weak bond market and uncertainty ahead of Monday's federal budget. The TSE-300 Index was off 11.46 points to 4,131.66 on volume of 8.41 million shares valued at Csloo.oo million. However, advancing issues still outpaced declines 151 to 145,
        235 words
      • 650 12 unch The Dow Jones Industrial Average was unchanged at 11am EST. The NYSE Composite Index was oft" 0.03 to 264.21, while Standard Poor's 500-stock Index was down 0.18 to 486.73. Declines edged advances 958-762 among the 2,578 issues crossing the NYSE tape. Volume was about 96 million shares,
        650 words
      • 537 12 Vienna KH> 24 Wh +7" AUA 1706 16 Rank Ainina PS J52 uneh < A-BV VZ 610 *2 EVN 1255 J Huglufrn 450 I Ltaoag **<> I Irvluni 49* 2 MacutonHldVZ 727 17 Of MV VV 992 6 VA T«hnoto»it IOT2 +1 Ven*tie« 269 4 VcftNind Aklie A 623 It
        537 words
    • Article, Illustration
      3080 13 Bloomberg Business News HONGKONG Stocks climbed, led by real estate developers, on growing confidence that interest rates are close to peaking and as a leading Hongkong bank eased its home loan policy. The Hang Seng Index gained 242.54 points, or 3 per cent, to 8,218.95. The All Ordinaries Index
      Bloomberg Business News; Source: Bridge Info  -  3,080 words
    • Article, Illustration
      628 13 CLSA TURNOVER in Hongkong H shares picked up to HK$95 million, with the index ending 2.4 per cent higher. Bohai Chemical led the gainers, up 7.8 per cent on active trading. Maanshan Steel and Shg Petrochem rose 3.3 per cent and 4.3 per cent respectively. Turnover in Shanghai B
      CLSA  -  628 words
    • Article, Illustration
      2550 13 Bloomberg Business News TOKYO Stocks tumbled to a 13-month low, led by electronics and car shares, amid concerns about the yen's strength and the health of Japan's economy. The yen's stubborn strength "raises serious questions about the timing and the extent of the economic recovery", said an economist. Pummelled
      Bloomberg Business News; Source: Bridge Info  -  2,550 words
    • Article, Illustration
      1812 13 Reuter BANGKOK Stocks closed higher on buying of blue chips throughout the day. The SET Index closed up 17.05 points at 1.294.19. A moderate 7.7 million shares worth 5.56 billion baht were traded. "The market is short of money, preventing the index from rising further." said an analyst. Liquidity
      Reuter; Source: Bridge Info  -  1,812 words
    • Article, Illustration
      1171 13 Reuter JAKARTA Stocks closed higher in active trading on foreign and local buying despite profit-taking in the second session, brokers said. "The uptrend was surprising. Trading is usually slow ahead of Hari Raya Puasa." one broker said. Hari Raya. on March 3, marks the end of the tasting month
      Reuter  -  1,171 words
    • 2684 14 Cr (if Vol Da) IjM Quote l)i» l)tv \ld Nrt M Cay llinh Low Company Sal* (WO) High low Buyer Seller Or S PIV. Smil MALAYSIAN STOCKS 398 73 ni MSB HV 324 16 1058 344 312 324 326 3 0 -2.9 0 3 33 2 206 77.5
      2,684 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 7054 14 Bloomberg Business News KUALA LUMPUR Stocks rose as the Dow Jones Industrial Average's record breach of 4,000 brought foreign fund managers to the market, buying large blocks of shares in blue-chip companies. Conglomerate Sime Darby gave the benchmark Composite Index its
        Bloomberg Business News; Source: Bridge Info  -  7,054 words
    • STOCK EXCHANGE OF SINGAPORE
      • 8448 15 Gr Gr M Wl HWW Las! Vol Day l-ast Quote r>i. Ot. YW >et \>t II«k Lt. Campaay Sale (DM) High La* Buyer Seller frr PI Sail Price INDUSTRIAL AND COMMERCIAL 720* 388 Hi Anna 50c 4)0 +6 JS *40 424 428 430 8 8 4.7 1.0 13.7 592.8 434
        8,448 words
      • 1960 16  -  By R Sivanithy SINGAPORE A buoyant session in the local bourse yesterday saw prices firming strongly, as investors welcomed the Dow Jones Industrial Average's record-breaking performance on Thursday. Dealers reported a net inflow of foreign funds that helped push the Straits
        Charts by Bridge Info; Source: Bloomberg  -  1,960 words
    • ISEAS Trends
      • 1404 17  -  What are the prospects for stability in China once paramount leader Deng Xiaoping passes from the scene? Sheng Lijun provides some answers Sheng Lijun O Dr Sheriff Lijun, a Chinese national, is a Research Fellow at the Institute of Southeast Asian Studies. RECENT reports of the physical
        1,404 words
      • 989 17  -  Where is the vibrant border trade between China and Vietnam heading? Liu Zhi sheds some light on the issue Liu Zhi Liu Zhi is an Associate Research Fellow with the Institute of Southeast Asia Studies in Yunnan, China. THE two southern Chinese provinces of Yunnan and
        989 words
      • 1271 17  -  In its relations with China, the West, particularly the US, should pursue a middle course, argues Peter Van Ness Peter Van Ness Dr Peter Van Ness is with the Graduate School of International Studies. University of Denver, Colorado, USA. THIS is a volatile time for China. What
        1,271 words
      • 1009 18  -  Simon Tay looks at how a new generation of Singaporean poets are reaching out to a wider audience Simon Tay Simon Tay, a lawyer by training, is the author of Stand Alone, and three other books. THE writer in Singapore, as in many young
        1,009 words
      • 1132 18  -  Book Review By Yao Souchou Dr Yao Souchou is a Fellow at the Institute of Southeast Asian Studies. CHINESE entrepreneurs are legendary figures in South-east Asia. Their spectacular wealth and business dealings are a part of the romance of the overseas Chinese communities. Increasingly,
        1,132 words
      • 1561 19  -  In order to sustain the present tempo of Myanmar's economic growth, further reforms for private sector development are needed, argues Mya Than Mya Than Dr Mya Than is a Fellow of the Institute of Southeast Asian Studies. THE private sector, as a leading
        1,561 words
      • 1023 19  -  Douglas Webster examines the challenges and opportunities facing the urban environment in Asean Douglas Webster Dr Douglas Webster is Senior L'rhan Planning Adviser in Ihe L'rban Development Coordination Division, National Economic and S<K ial Development Board. Thailand. THE urban environment has become one of the leading issues
        1,023 words
      • 1143 20  -  Hal Hill examines the experience which Indonesia has had with industrial policy Hal Hill Dr Hal Hill is a Senior Fellow in Economics, and Head, Indonesia Project, Research School of Pacific and Asian Studies, Australian National University, Canberra. ONE of the most important intellectual challenges
        1,143 words
      • 1071 20  -  Dipankar Banerjee sketches out some emerging trends in relations between India and South-east Asia through the rubric of Indonesia Dipankar Banerjee Major General Dipankar Banerjee is the Deputy Director of the Institute for Defence Studies and Analyses. New Delhi. 66T7 STRANGED neigh■H bours", is how one
        1,071 words
      • 1358 20  -  Leonard C Sebastian analyses the priority areas in Australia's evolving security outlook Leonard C Sebastian Dr Leonard Sebastian is a Fellow at the Institute oj Southeast Asian Studies. AUSTRALIA'S new Defence White Paper is a sensible continuation of the internationalist and engaged outlook which
        1,358 words
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      169 words


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    • 159 9 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883* FAX: 741-1298 [Prime East Securities (HK) Limited Sales Executive/ H| Senior Sales Executive H| (Positions in Hong Kong) As a young but expanding regional brokerage, we are looking for suitably qualified candidates to Requirements: Candidates must have 1. A personable character and be a
      159 words


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    • 34 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Cnteh what's news in WOUm I Dw't nits it in Sanity Clattifitd Hiit wmlimJ.
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    • 32 16 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 r 1 IN THE MATTER HKI^IIAKL Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE ril Business Times WE KNOW ASIA
      32 words
    • 154 16 NOTICE OK FINAL MEETING THE COMPANIES ACT. CAP. 5# INVESTNOLD PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Notice is hereby given pursuaM lo Section 308 of the Companies Act. Cap SO (hat the Final Meedng of Members of (he abovenamed Company will be held at Block 623 Aljunicd Road #06-07 Aljunied
      154 words
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      301 words


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    • 259 18 Trends A OfSWl—»A— im n—Liiniu —j 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 Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar
      259 words

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    • 948 19 ISEAS launches business quarterly on Myanmar MYAN'MAR'S economy is undergoing fundamental changes. Foreign investment led by Asian companies is picking up. But not much is known about the country after two-and-a-half decades of self-imposed isolation. Where statistical data are available, their reliability is suspect, not to mention the difficulty of
      948 words


  • Executive Lifestyle
    • 1617 21  -  With more drama groups going professional, Susan Tsang finds out how commercially viable the theatre industry is in Singapore Susan Tsang CAN YOU make money from theatre if you're talented, enthusiastic, but located in Singapore? The answer from Theatreworks' artistic director Ong Keng Sen is
      1,617 words
    • STRAWS IN THE WIND
      • 43 21 HERE'S an immortal line from the TV soap opera Masters Of The Sea. A young guy says to a girl he has just met: Hi, I'm Terence. Girt replies: I'm Sunshine. Says our Terence: Sunshine. Oh, you must be very bright...
        43 words
      • 43 21 JUST HOW are junior police officers promoted these days? A recent press release, regarding a promotion ceremony for our young men and women in blue, contained a chart with this heading: "The breakdown of officers promoted by sex is as f0110w5..."
        43 words
      • 60 21 A SINGAPORE tour group on a visit to the Nacional Palace in Portugal was amused by several little dogs which followed them around. When the group gathered round their guide who was explaining the history of the museum, one of dogs kept pawing at her. Said one the
        60 words
      • 39 21 AT A RECENT conference on "corporate environmentalism", a consulting firm gave a lengthy presentation and distributed an even longer handout printed on one side of the paper only. It would help if they practised what they preached.
        39 words
    • OPINIONS
      • 894 22  -  LETTER FROM WASHINGTON Fjght Republican hopefuls have made an early start in the 1996 US presidential race LEON HADAR The writer is BT's Washington Correspondent IT'S OFFICIAL. The 1996 race for the White House has started. The 1996 presidential election is actually almost two
        894 words
      • 874 22  -  Basant Kapur makes a case for measuring GNP instead of GDP, as is currently done Basant Kapur Associate Professor Kapur is head of the Department of Economics and Statistics at the National University of Singapore. This article is adapted from his
        874 words
      • 774 22  -  Out of the M-Cup, Singapore soccer now has a chance to flourish, says Shahiron Sahari Shahiron Sahari The writer is a BT journalist SEVENTY-FOUR years is a long time in football, and Singapore's decision this week to withdraw from the Malaysia Cup was certainly
        774 words
      • 405 22  -  LETTERS TO THE EDITOR Amos Quito I REFER to your column regarding par value of shares (Hock Lock Siew, BT, Feb 21). I am not one of the "unsigned disgruntled group of small-time investors" but I share their concern over recent IPOs with par
        405 words
      • 145 22  -  Denis Distant A LARGE bookstore along Orchard Road now has on display the January issue of a US magazine on personal finance. The cover price is U552.95, but the local tag is S$ 10.92 which, adjusting for GST, works out at USsl=Ss3.s9 compared with the current
        145 words
    • CORPORATE PROFILE
      • 2777 23  -  Asia's corporate giants Maybank has two objectives for the '90s: protect its lucrative home-base as competition heats up in the domestic market, and become a major regional player. Managing director Amirsham A Aziz tells Alvin Tay in Kuala Lumpur how the bank will achieve these
        2,777 words
      • 724 23 MAYBANK is looking beyond the shores of Malaysia and Singapore in its quest to become a major regional player. "That is our objective in the *****. We want to bring the expertise and technology we have beyond Malaysia and Singapore." says managing director Amirsham A Aziz. "So wc
        724 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 449 24 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, BZW, Credit Lyonnais Securities, Daiwa Research, DBS Investment Research, G K Goh, Kay Hian James Capel, Morgan Grenfell, OngCo, Phillip Securities, Smith New Court and W
          Figures denote number of respondents  -  449 words
        • 453 24  -  Madeleine Lee Associate director Morgan Grenfell Investment Management (Asia) he Singapore marI ket is likely to .A. trade within the band of 1,950-2,150 (Straits Times Industrials Index) for the rest of the first half of 1995. The main factor which would influence the market is the development
          453 words
      • 783 24  -  THE WEEK By Paul Leo Financial markcts are as unpredictable as the weather. The local stock market is no exception and one could say that it began the week with light showers, followed by heavy rainfall mid-week, clearing up on
        783 words
      • 630 24  -  Eve on the region Lim Soon Neo finds out the reasons for the change in prospects Lim Soon Neo The writer is BT's Hongkong correspondent HONGKONG'S stock market is looking up. The question of "What should I sell?" often asked by worried investors in
        Source: Bloomberg  -  630 words
      • 745 24  -  Elaine Koh on five hot stocks recommended by HG Asia Elaine Koh STOCKS in the commercial and industrial sector are looking better than they have been in the past two years and none more so than Fraser Neave, says a February strategy
        745 words
      • 894 25  -  A J Leow continues his series on buying a property in Singapore A J Leow ITS TIME to get down to brass tacks. Once you have narrowed down your choices of the type, size, price range and location of the
        894 words
      • 1712 25  -  Amy Balan takes a look at what's on the drawing board of the construction company Amy Balan THERE is monev in rocks. The key is locating rocks in the right places and having the technique to take them out more efficiently than your competitors. This
        Source: Sungel Way  -  1,712 words
      • 760 25 Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Bank of China SI0.000 £24.999 5.8200 6 0600 6 4-400 AS £25 000 £49 000 5.8800 6.0600 6 4400 10.000 49.999.99 6.0000 7.0000 7.1875 7.6250 c, 50.000 Above 6.0000 7.1250 7.3125 7.7500 siO.oOO SM9.999 2.7600
        760 words
    • 666 26  -  Cinema Review By SHAHIRON SAHARI OSCAR-WORTHY performances do not always save mediocre movies. Think of Winona Ryder in The Age Of Innocence, or Jean Reno in The Big Blue, or even Michael Douglas in Wall Street in each case, the actor outshone the show. The same
      666 words
    • 693 26  -  By SUSAN TSANG THOSE born before the advent of television can recall the excitement of watching test patterns on that wonderful new piece of technology. The same sense of excitement was felt in the US in the *****, except that the American public wasn't so much interested
      693 words
    • 956 26  -  Corinne Kerk gets a preview of the latest collections from the stars of fashion at Hongkong's Europe Selection fair Corinne Kerk WHEN you're about to face the creators of "Europe's best fashion labels", you inevitably reach for the mirror and take a good look at yourself.
      956 words
    • 702 26  -  CD Reviews By SHAHIRON SAHARI THE CHIEFTAINS: The Long Black Veil The veteran Irish folksters' latest effort has been described by publicists and reviewers as the most ambitious album of their 31-year career. But after three Grammy awards in two years, plus appearances
      702 words
    • 820 27  -  Book Review By AMY BALAN Political!) Correct Bedtime Stories B> James Finn Garner Macmillan Publishing Company 79 pages. 5i0.82 ONCE UPON a time, a self-confessed descendant of dead white European males took it upon himself to make amends for centuries of biased, discriminatory and sexist
      820 words
    • SPORTS
      • 357 28 Golf AP JOHANNESBURG Nick Price, Ernie Els and David Frost fired strings of birdies yesterday to give southern Africa a 3-i lead over Australasia after the first round of the Alfred Dunhill Challenge, a Ryder Cup-style tournament for the southern hemisphere. Pitting top players from
        AP  -  357 words
      • 507 28 NYT LOS ANGELES Lanny Wadkins went to the videotape. He had lost his game, and needed to find it, needed some evidence that he was the same golfer who had won 21 times on the PGA Tour. It was like
        NYT  -  507 words
      • 449 28 America's Cup AFP SAN DIEGO, California There are only seven boats in the challenger trials of the America's Cup. After three round-robins, the seven break down into four distinct classes. Team New Zealand and one Australia arc clearly the class of the fleet at the
        AFP; Reuter  -  449 words
      • SPORT SHORTS
        • Article, Illustration
          25 28 NEW YORK NBA Thursday: Boston 119 Orlando 117; NY 103 Sacramcnto 90; Houston 110 Detroit 99; Atlanta 110 Dallas 92; Denver 105 Philadelphia 75.
          25 words
        • Article, Illustration
          49 28 CHRIS I CHURCH, New Zealand New Zealand beat South Africa by 46 runs yesterday to qualify for tomorrow's final of the New Zealand centenary one-day scries against Australia. Score: New Zealand 249 for 7 (M Grcatbatch 76, K Rutherford 61). South Africa 203 all out (G Kirsten 63).
          49 words
        • Article, Illustration
          142 28 AP PHILADELPHIA Pete Sampras, his hold on the No I ranking growing less secure, lost 6-4. 6-4 on Thursday night to Paul Haarhuis in the second round of the Comcast US Indoor. Sampras, a two-time champion in this event and the top seed, was beaten in 1 hour. 11
          AP  -  142 words
        • Article, Illustration
          326 28 AP Reuter SYDNEY Australian Peter Senior's bid to secure successive tour wins suffered an embarrassing setback yesterday when he played the wrong ball during his second round in the Canon Challenge tournament. The defending champion was penalised two shots for his error to slip three shots behind Australian trio
          AP; Reuter  -  326 words
        • Article, Illustration
          113 28 Reuter BORDEAUX, France France, who have lost both their last two Five Nations championship matchcs. have made six changes in their team to meet Ireland in Dublin on March 4. In come lock Olivier Merle. No 8 Marc Cecillon. prop Louis Armary, fiyhalf Yann Delaigue. centre Franck Mesnel and
          Reuter  -  113 words
        • Article, Illustration
          41 28 SAN DIEGO, California America's Cup 3rd rd trials Hiursday Defender Elimination Series: Young America (Kevin Mahaney) b America 3 (Leslie Egnot) by I min 19 sec. Standings: I Young America 25 pts 2 Stars Stripes 21 3 America 3 7.
          41 words
    • PEOPLE
      • 237 28 DBS BANK celebrated the Lunar New Year with its friends and associates early this month at the Stamford Ballroom of the West in Stamford. Hosted by the bank's chairman, Ngiam Tong Dow, and board of directors, the function was attended by more than 500 prominent businessmen from
        Photos by Chris Loh  -  237 words
    • TIME OFF
      • 908 29  -  Christopher Toh on Pearl Jam's latest album Vitalog)• Christopher Toh AFTER a year of being embroiled in stormy legal battles with Ticketmaster a major ticketing distributor in America sorting out personnel changes, and the death of close friend and rival Kurt Cobain, Pearl Jam,
        908 words
      • 511 29 The Chosen One The Necessary Stage presents Haresh Sharma's comedy about the life and times of newly-weds Mickey and Siew. Today: 7.30 pm. Choa Chu Kang CC. Tickets at $2 available. Call 733-2716. Outside Edge The Stage Club celebrates its 50th anniversary with this new production about a cricket
        511 words
      • 567 29 This year's YPT may be done by the youth, but embraces all ages and promises something for the entire family. From Mar 4 to 30. Tickets are available from all Ticket Charge outlets and the Substation. I Am Old Presented by The Necessary Stage, this tells the
        567 words
      • 314 29 SSO in Concert Guest cellist Rafael Wallfisch gets together with the SSO as they present their interpretations of Beethoven's Egmont Overture and Walton's Cello Concerto. among others. Today, 8.15 pm at the Victoria Concert ilall. Tickets at 56. $10. $14. $20 and $30 available from Sistic. Student and senior
        314 words
      • 161 29 Stress "If you don't have stress, you're not working hard enough." Gerard feels suicidal on his wedding, because he cannot forget Nathalie, the girl who left him after he got her pregnant. However, he ends up in the hospital with a coma. (French with English subtitles). Feb 28: 7.15
        161 words
      • Article, Illustration
        901 29 Reform the Form This is Stefano's second exhibition here. This time round, he features new paintings fresh from the easel. Until Feb 26. at Notices: The Gallery. Admission is free. Heritage Exhibition Various activities are organised in conjunction with the exhibition, including talks on how to compile genealogy lists
        901 words
      • 156 29 Cutting Cancer and Managing Menopause For Mothers and Daughters Experts from various medical institutions will give a talk which will provide insight into the problems experienced by many menopausal women. Today. 2 pm at the San Marco Ballroom, Marco Polo Hotel. Fee: $10. To register, call Shehli at 294-2691.
        156 words
      • 341 29 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. Enjoy a funfilled day and take part in the festivities. Today and tomorrow. 2 pm and 3 pm
        341 words
      • 202 29 From Pagan to Yangon Presented by Benson's Fine Art, this is a watercolour and small oils exhibition featuring 30 to 40 works by Myanmar artists like Tin Muang Oo and Min Wae Aung. Mar II to 12. at the Gallery. Living Space A series of talks specially
        202 words
      • 142 29  -  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
      • 813 30  -  Bon Appetit By JAIME EE WHAT did the French chef say when he saw a stalk of lemon grass for the first time? "Howdy doo-dee, I'm agonnu cook you." For some reason, Chef Jean-Georges Vongerichten doesn't have a restaurant in France. Maybe he tried to grow some galangal
        813 words
      • 634 30  -  Wine By N K YONG MOST PEOPLE would automatically equate Beaujolais with Beaujolais Nouveau, the new Beaujolais which appears in bars and cafes on the third Thursday of November. Few know that there are other Beaujolais apart from the Nouveau, and even fewer realise that while Beaujolais may
        634 words
    • Article, Illustration
      1038 32 Death Machine. The new CEO of a weapons company finds herself up against the company's psychotic inventor and his ultimate weapon. Lido: 10.45; 3.45; 6.30; 9, plus 11.30. Woodlands: 2.45; 7. Disclosure. Michael Douglas sees ex-girlfriend Demi Moore gpt promoted over him. She makes a pass at him. he
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  • Page 21 Advertisements
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  • Page 22 Advertisements
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  • Page 22 Miscellaneous


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  • Page 28 Advertisements
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  • Page 30 Advertisements
    • 41 30 P— ————TIT Que pasa Traditional Wine Bar Open daily from 7.00 p.m. 2.00 a.m. We serve Quality Wines Spanish Tapas Special Brandys/Cognacs Best Havanas Vintage Ports (Sherries TORRES HI HI *****870 7 Emerald Hill Boad Singapore 0922 Tel: 235-6626 Fax: 737-6926
      41 words
    • 407 30 WHERE TO WINE, DINE AND ENTERTAIN Olde English Eating House 277 Orchard Rd #02-38 Specialists' Centre S (0923) 11 $2= CBD PASS! 1 IH When you spend $25/- or more at Fosters for lunch ||B r or afternoon tea from Mon-Sat, show us your valid daily or monthly CBD pass
      407 words

  • Page 31 Advertisements
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  • Page 32 Miscellaneous
    • 2541 32 TODAY'S TV ■KTTT7W3T7ZT73 I 3M 700 Extraordinary People li J-J® V, 1 W|[>JlH(See Our IHUMiiidHI BMtMMMM 730 Berita 12. B«mgn, <.H* S-wn* Gad*. aiU tg S."g£al <« rhc two most difficult subjects ciotis Gift 630 Sinif Ramadhan Larastary is a sweet, loving Him directors must 9.00 Beyond the Clouds. 6.45
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