The Business Times, 11 March 1995

Total Pages: 28
1 28 The Business Times
  • 14 1 Business Times MITA(P) 194/12/94 Weekend Edition, March 11-12 1995 WE KNOW ASIA 85 c
    14 words
  • 481 1  -  By Rahita Elias SINGAPORE Listed Sembawang Corp is keen to buy a yard in China and another in India through its shipyard arm. Responding to a question from Business Times, Sembawang Shipyard general manager for business development, Heng Chiang Gnee, said the
    481 words
  • 380 1  -  By Anthony Rowley, R Sivanithy in SINGAPORE FEARS of impending problems in the Japanese banking system added to the woes of the Japanese stock market yesterday, pushing the Nikkei Stock Average down by 2.4 per cent. And further falls are probable next week,
    Source: Bridge Info  -  380 words
  • 164 1 DECLARING that the steep rise of the yen was irreversible, the president of the Industrial Bank of Japan (IBJ) said yesterday that Japanese corporations had reconciled themselves to the trend. In an interview with Business Times, visiting IBJ president Yoh Kurosawa (right) stressed
    164 words
  • 425 1  -  From Neil Behrmann THE Bank of England has announced that independent members of the UK Board of Banking Supervision (BOBS) will be investigating the central bank's role in the collapse of Barings. A letter from Bank of England governor Eddie George
    425 words
  • 343 1  -  From Neil Behrmann in LONDON THE US dollar rallied sharply in Europe yesterday following a stronger than expected increase in US jobs in February, but the mood in New York was still cautious in early trading. At London's close, the greenback
    343 words
  • 369 1  -  By Lilian Ang SINGAPORE The Republic may turn to the sea as a source of water to meet rising demand. Trade and Industry Minister Yeo Cheow Tong yesterday said the government is studying the possibility of investing in desalination
    369 words
  • 2am LATEST
    • 215 1 Reuter, Bloomberg NEW YORK US stocks surged about 50 points yesterday as a stronger-than-expected February jobs report signalled the economy continues to grow fast enough to boost corporate profits. Shortly after Ipm EST, the Dow Jones Industrial Index was up 50.14 points at 4,033.53, which
      Reuter,; Bloomberg  -  215 words
  • 170 1 Stock mrint Micas Friday Chance STII 2,061.28 -9.46 KLSE Comp 935.12 -16.09 Nikkei 16,358.38 -404.70 Hang Seng 7,949.39 -127.40 SET Index 1,189.48 -25.47 Jakarta Comp 432.73 -4.77 Manila Comp 2,310.96 -59.10 Taipei WP! 6,453.52 +65.16 Seoul COmp 944.37 +0.61 Bombay BSE30 3,529.28 56.22 CLSA China B 815.84 -2.75
    170 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 400 2  -  IRAS seminar Reports by Ven Sreenivasan THE tax adjustments on flowthrough dividends from overseas operations do not apply to multinational corporations with operational headquarters here. This is because their for-eign-sourced incomes already enjoy preferential tax treatment under the OHQ scheme.
      400 words
    • 401 2 THE Real Estate Developers' Association (Redas) has asked the Inland Revenue Authority of Singapore (IRAS) to clarify further the criteria for exempting companies from property tax for land under development. In his budget statement last week, Finance Minister
      401 words
    • 353 2 THE Hongkong Trade Development Council (TDC) plans to open a regional office in Singapore to coordinate its growing number of promotional activities in South-east Asia, Vietnam and India. TDC chairman Victor Fung, who is in Singapore to address the Fortune Global
      353 words
    • 344 2  -  By Teh Hooi Ling THE Economic Development Board-backed venture capital fund Seed Ventures has teamed up with Hotel Plaza to invest in the local food and beverage industry, with the aim of expanding the business into the region. The Si Chuan
      344 words
    • 172 2 MORE THAN 50 of the world's top guns in travel and tourism will gather here tomorrow and on Monday for the annual general meeting of the World Travel Tourism Council. The meeting will focus on key issues affecting the global development
      172 words
    • 113 2 Corrections clarifications WE WOULD like to clarify several points in two articles carried in our Regional Analysis page on Wednesday. The articles, headlined "Why not try the Apec formula" and "No small fry in world trade", were based on an interview with Trade and Industry Minister Yeo Cheow Tong on
      113 words
  • Page 2 Advertisements
    • 254 2 t IN-DEPTH BUSINESS NEWS FROM SINGAPORE PERSPECTIVE Qj Business has covered the local and regional business scenes with more depth M r/Mrs/Miss/Ms:_ occupation j and breadth from a perspective which is J company: more relevant to local businessmen than °ept: A 9® any other publication. Some may call it Te,:
      254 words
    • 21 2 STRAIGHT TALK You shouldn't have to read between the lines to get the full picture. Companies Markets. Everyday. Business Times WEKMJWAStA
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    • 23 2 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.~ To advertise your Appointments si,, a? or nonces, cai toWfroo 1-800-741-1883 [The Strmita Time. 1
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  • Page 2 Miscellaneous
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  • THE REGION
    • 568 3 Bloomberg Business News, AFP JAKARTA Indonesia has been plagued all week by persistent speculation that the Indonesian rupiah is set to be devalued. With some 40 per cent of its US$B7.6 billion (SSI2S billion) foreign debt denominated in yen but 90 per
      Bloomberg Business News,; AFP  -  568 words
    • 206 3 AFP TOKYO American retailer Tower Records Inc yesterday opened a music megastore here that it billed as the largest in the world, offering half a million compact discs, cassettes and other recordings. The eight-storey store, with a sales floor of 4,950
      AFP; Reuter  -  206 words
    • 326 3 Reuter TOKYO Japan's official view that the nation's economy is on a gradual recovery path remains unchanged despite a few negative factors following the Kobe earthquake, the Economic Planning Agency (EPA) said. The EPA said in its monthly report, unveiled to economic
      Reuter  -  326 words
    • 193 3 TOKYO The former heads of two troubled credit unions have denied special ties with politicians. Instead, they blamed the Long-Term Credit Bank and the Tokyo Metropolitan government, which oversaw their operations. Harunori Takahashi, former president of Tokyo Kyowa Credit Union, and Shinsuke Suzuki, former
      193 words
    • 532 3 AFP SYDNEY Australian Treasurer Ralph Willis, grappling to control unsustainable economic growth, yesterday announced plans to slash the country's budget deficit. He said the government would "act decisively to ensure that growth is sustained rather than short-circuited by rising inflation, an increasing
      AFP  -  532 words
    • 286 3 AP BLUING China's State Council has issued an order to track down and harshly punish those who produce pirated books, music, movies and other products. The circular by the State Council. China's cabinet, came on the eve of US Trade Representative Mickey Kantor's
      AP  -  286 words
    • 248 3 Bloomberg Business News NEW DELHI Indian business leaders want Prime Minister P V Narasimha Rao to present a budget that takes economic reforms further on the road to liberalisation. But Mr Rao's targets for the economy are in sharp conflict with what may
      Bloomberg Business News  -  248 words
    • NOTE BOOK
      • 82 3 Bloomberg Business News MANILA The Asian Development Bank plans to give Asian debt markets a boost this year by raising up to US$25O million (SS36O million) through bond sales in Korea, Taiwan, Hongkong or other Asian capital markets. The financing will contribute about
        Bloomberg Business News  -  82 words
      • 72 3 Reuter HANOI Myanmar wants to join the Association of South-cast Asian Nations (Asean) and believes this will strengthen regional security, Myanmar Foreign Minister U Ohn Gyaw said in an interview published yesterday. "We welcome the concept of 'the Asean 10' and consider it an active
        Reuter  -  72 words
      • 68 3 Knight-Ridder HONGKONG China President Jiang Zemin said on Thursday that the Chinese Communist Party's policies on economic reform will not change for a "long time to come", the official Xinhua news agency reported. Mr Jiang's remarks could be taken as an allusion to China after
        Knight-Ridder  -  68 words
      • 77 3 Reuter KUALA LUMPUR Malaysia signed a bilateral agreement yesterday allowing hazardous waste to be shipped for recycling in the United States. The agreement between the two countries will allow companies doing business in Malaysia to export toxic waste instead of storing it on
        Reuter  -  77 words
      • 83 3 AFP TOKYO Japanese Prime Minister Tomiichi Murayama plans to make an official visit to China in early May, the first since he took office in June last year. Jiji Press news agency said yesterday. Mr Murayama will inform Chinese Premier Li Peng of his plan during
        AFP  -  83 words
  • Page 3 Advertisements

  • REGION/WORLD
    • 409 4 AP TOKYO Foreign makers eaptured a record share of Japan's semiconductor market in the last three months of 1994, according to figures released yesterday by Japan and the United States. US Trade Representative Mickey Kantor called the results "an important milestone"
      AP  -  409 words
    • 292 4 Reuter TOKYO Japanese ministries yesterday unveiled their latest plans to cut the red tape which foreign and domestic businesses say stifles opportunities, but several hoped-for changes were conspicuous by their absence. "It does look as if what stands out in many cases is measures
      Reuter  -  292 words
    • 398 4 Reuter BRUSSELS Angry European Union ambassadors yesterday demanded that Canada immediately release a Spanish fishing boat seized in international waters off Newfoundland. Canadian vessels chased down and fired on the Spanish vessel on Thursday before capturing it in a bitter dispute
      Reuter  -  398 words
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    • 247 4  -  The Barings Debacle From Lim Soon Neo in HONGKONG ALL THE Barings companies in Hongkong, except the bank branch, are now free to resume their business following an announcement by the Securities and Futures Commission (SFC) yesterday that
      247 words
    • 279 4 Bloomberg Business News Reuter, TOKYO Baring Securities (Japan) Ltd, a subsidiary of British merchant bank Barings pic, re-opened its office in central Tokyo yesterday and said it hoped to resume business early next week. A spokesman said Baring Securities had asked the Tokyo Stock Exchange
      Bloomberg Business News; Reuter,; Reuter  -  279 words
    • 298 4 Reuter NEW YORK The chairman of the New York Mercantile Exchange said on Thursday he would not characterise the Singapore International Monetary Exchange as lacking in adequate controls. In an interview with Reuters, chairman Daniel Rappaport said Nymex was confident a
      Reuter  -  298 words
    • 287 4 AP LONDON About 1.600 investors in Lloyd's of London won a multi-million-pound lawsuit yesterday the second such victory by people who claim they were victimised by insiders at the troubled insurance market. The "Names", as Lloyd's investors are known, had sued for £525 million
      AP  -  287 words
    • 123 4 AFP BANGKOK King Bhumibol Adulyadej. the world's longest reigning monarch, will be hospitalised because of heart problems that struck on Monday, government television said yesterday. Pradit Charoenthaithawee, head of the Mahidol University, one of Thailand's most prestigious medical institutes, said the 67-year-old
      AFP  -  123 words

  • THE WORLD
    • 515 5 Reuter LONDON Jobs are going in London's financial district after a year of market weakness and some analysts say thousands of highly-paid market wizards could soon face the axe. One market sage who, at the time of the 1987 market
      Reuter  -  515 words
    • 423 5 AP WASHINGTON House Republican leaders on Thursday unveiled an ambitious package of tax cuts the centrepiece of their "Contract With America" that would particularly benefit families with children, retirees and corporations. The proposal, which would cost the government an estimated US$lBl billion (*****.2
      AP  -  423 words
    • 179 5 Reuter MOSCOW Russian Prime Minister Viktor Chernomyrdin has approved a major restructuring of the country's oil industry and this will be confirmed by presidential decree shortly, a senior oil industry source said here yesterday. "Chernomyrdin put his stamp on it the day before yes-
      Reuter  -  179 words
    • 353 5 NYT LOS ANGELES Three months after becoming the largest municipality ever to declare bankruptcy. Orange County began this week to feel the pain of austerity as officials outlined a programme of layoffs, deep cuts in services and a sell-off of county
      NYT  -  353 words
    • Article, Illustration
      62 5 AFP RAMBERVILLERS, France French printing plant director Jean-Louis George (left) holding on Wednesday a giant newspaper, measuring 2.2 metres large and 1.55 metres high, of the first issue of the La Liberie de I'Est daily, which was published on March 11. 1945, at the plant here. Thirty-two giant
      AFP  -  62 words
    • 377 5 Reuter, AFP MEXICO CITY Battling its worst economic crisis in more than a decade, Mexico unveiled a harsh austerity plan on Thursday which will cut spending, raise taxes and tighten the belts of the country's millions of poor. Announcing
      Reuter,; AFP  -  377 words
    • 249 5 Reuter BONN The German parliament's budget committee slashed the federal government's proposed 1995 deficit figure on Thursday and put Bonn on track towards mopping up the red ink that was spilled by unification in 1990. Committee sources said the panel set net
      Reuter  -  249 words
    • WORLD WATCH
      • 74 5 AFP LONDON The government is buying 22 EH 101 helicopters from the British group Westland and 14 Chinook helicopters from the US group Boeing in a compromise deal aimed at keeping Britain's last helicopter manufacturer afloat. British Defence Minister Malcolm Rifkind told the
        AFP  -  74 words
      • 56 5 Reuter MOSCOW German Foreign Minister Klaus Kinkel looks at the painting The Fall of Man by 15th ccntury artist Lucas Crannach the Elder during a tour of Moscow's Pushkin Museum of Fine Art on Thursday. The museum opened a show of priceless paintings seized by
        Reuter  -  56 words
      • 77 5 Reuter WASHINGTON The United States threw its support on Thursday behind regional calls for creation of an international development bank to undergird the Middle East peace process. The Clinton administration suggested a future bank should have a capital base of about US$5 billion
        Reuter  -  77 words
      • 80 5 Bloomberg Business News LONDON The UK construction industry, hammered, in recent years by economic recession, remains in a comatose with little evidence of a revival at Britain's building sites. "Despite a relatively strong cyclical upturn for investment as a whole in the economy, demand
        Bloomberg Business News  -  80 words
      • 95 5 Reuter UNITED NATIONS The Security Council decided without a vote on Thursday to hold elections on June 21 to fill the unexpired term of World Court Judge Roberto Ago of Italy who died last month. Mr Ago became a member of the Haguebased
        Reuter  -  95 words
    • 256 5 Reuter LONDON German central bank president Hans Tietmeyer said on Thursday that he believed European Monetary Union was unlikely before 1999. Interviewed on BBC television's Nensnight Mr Tietmeyer said: "I don't see a date before 1999 as a realistic one." Mr Tietmeyer was asked
      Reuter  -  256 words
  • Page 5 Advertisements
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      94 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • 179 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section) Sembawang seeks to buy shipyards in China, India (pg 1) Positive. Future growth momentum has to come from the region. Yen's rise an irreversible trend: IBJ chief (pg 1) Logical, but
        179 words
      • Article, Illustration
        96 6  -  Quak Hiang Whai IN A generally inactive market yesterday, Vickers Ballas managed to chalk up a healthy trading volume of 7.59 million shares. Going by the daily and weekly RSIs, the stock remains a reasonable good buy. The counter also appears to be recovering after a series of
        96 words
    • 658 6  -  By Shiv Taneja SINGAPORE A massive general provision of $47 million by the Hong Leong Finance group has resulted in a lower-than-expected net earnings of $63.2 million for the full year to Dec 31, 1994, up 13.1 per cent from
      658 words
    • 439 6  -  By Lee Han Shih SINGAPORE Garment and property group Wing Tai yesterday announced a 19 per cent rise in net interim profit to $12.3 million and promised the second half would be much better. It also reported an
      439 words
    • 282 6 SINGAPORE Improved profits from packaging, insurance and property activity helped Sime Singapore lift earnings 10 per cent to $14.9 million in the six months to Dec 31, 1994. The result was on a 10 per cent rise in turnover to $302.5 million,
      282 words
    • 629 6  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE Gordon Wu is returning to China. And fund managers and investors in the Hongkong tycoon's listed power firm. Consolidated Electric Power Asia (Cepa), must be a puzzled lot these days. This is because in a
      629 words
    • 307 6  -  By Abdul Hadhi SINGAPORE First Capital Corp (FCC) has reported a 31 per cent jump in interim net earnings to $56.15 million, despite a 31 per cent drop in group turnover to $189.63 million. However, the accounts of troubled garment group
      307 words
    • 170 6 SINGAPORE Stockbrokers G K. Goh yesterday reported a 62.1 per cent dive in interim group net earnings to $16.48 million on reduced turnover, a reflection of the depressed stock market conditions during the second half of last year. Group turnover for
      170 words
    • COMPANIES
      • 311 7  -  From Ruth Wong in KUALA LUMPUR DIVERSIFIED group Mulpha International Bhd has agreed to buy a 29.27 per cent equity in Philippine-listed Mabuhay Holdings Corporation for Ms 72 million (Ss4o million) cash. Mulpha said the agreement to buy the 351.29 million
        311 words
      • 201 7 Bernama KUALA LUMPUR Petaling Tin Bhd has finalised plans to proceed with the manufacture of bricks and ready mixed concrete using its substantial reserves of sand and clay resources. Petaling Tin chairman Ibrahim Ismail said in the company's 1994 annual report that a
        Bernama  -  201 words
      • 1087 7 Payment Ex Books Pay date close date ABK Hldgs S* F 18 Jun 13 Jun 19 Jun 30 Avimo 20* F I2.5TE Mar 1 Mar 7 Apr 15 Aztech 5* b 20TE May 11 May 16 May 31 BAT 2I« F 4.14N Mar 20 Mar 24 Apr 6 Berber Intl
        1,087 words
      • 265 7 Knight-Ridder HONGKONG The Guoco Group, the Hongkong-listed arm of Malaysia's Hong Leong group, has announced a big drop in interim profit from HK5904.3 million (SSI6S million) to HK5656.3 million. Earnings per share for the financial and property conglomerate tumbled to HKSI.6O from
        Knight-Ridder  -  265 words
      • 228 7  -  By Ramesh Divyanathan SINGAPORE Pan-United Corporation Ltd has turned in lower net earnings for calendar year 1994 and expects 1995 to be "a challenging year". The marine-based company suffered a 17.5 per cent drop in net earnings to $15.31 million compared with that in 1993,
        228 words
      • COMPANY BRIEFS
        • 63 7 SINGAPORE Property and hcalthcarc group Parkway Holdings yesterday said it had no immediate plans to list Gleneagles Hospital in Singapore and had not taken any step to that effect. The statement was made in response to a Stock Exchange of Singapore query on a Business
          63 words
        • 46 7 SINGAPORE Cerebos Pacific's wholly-owned subsidiary Cerebos Taiwan has acquired 21,566 sq m of freehold land in Taiwan's Changbin Industrial Park for NT596.7 million (555.3 million). A factory will be built on the site, the cost of which will be funded internally.
          46 words
        • 67 7 SINGAPORE Sea View Hotel yesterday posted lower group earnings for the half-year to Dec 31, 1994. After-tax profit dipped 15.3 per cent to $3.28 million, though turnover rose 2.5 per cent to $11.39 million. Earnings per share slipped 15.4 per cent to 14.8 cents, but
          67 words
        • 53 7 SINGAPORE Ssangyong Cement Singapore has appointed Kim Suk Joon chairman of its board, with effect from yesterday. He takes over from Lee Sung Won, who resigned yesterday. Mr Kim has been with Ssangyong since 1991. He is the younger brother of the largest shareholder in Ssangyong
          53 words
        • 36 7 SINGAPORE Compact disc-maker SM Summit Holdings has appointed Teng Hock Seng a director and member of its audit committee, with effect from Mar 1. He is a financial and management consultant.
          36 words
      • 230 7 Bernama KUALA LUMPUR Golden Hope Plantations Bhd is to sell a total of 535 ha of land in Negri Sembilan for M 569.74 million (Ss3B million) cash to Negara Properties (M) Bhd (NP), the property development arm of Golden Hope.
        Bernama  -  230 words
      • 244 7  -  From Al Labita in MANILA LISTED Malaysian firm Metroplex Bhd is expanding its 200-room casino hotel at Subic freeport to cash in on an expected rise in room demand next year when the Apec summit is held here. The expansion, costing US$lO
        244 words
      • 309 7 Bernama KUALA LUMPUR Hotline Furniture Bhd's offer for sale of 2.533 million shares was oversubscribed 60.52 times, with 93,742 applications for 155.822 million shares being received. At the balloting for the bumiputra portion of the share offer here yesterday, MIDF Consultancy and Corporate
        Bernama  -  309 words
      • COMPANY BRIEFS
        • Article, Illustration
          42 8 AFP SANTIAGO, Chile Traders at the Santiago stock exchange shouting their transactions during Thursday's opening session. Stock values registered a 20 per cent drop as Mexico s financial crisis continues to have a wide impact on Latin American markets. AFP
          AFP  -  42 words
        • 64 8 Bloomberg Business News TOKYO Nippon Sanso Corp will report extraordinary losses of 10 billion yen (S$ 155.5 million) in derivatives transactions for the fiscal year ending March 31, Nikkei English News reported yesterday, citing company sources. The company will sell assets to offset the losses.
          Bloomberg Business News  -  64 words
        • 100 8 Bloomberg Business News SANTA CLARA, California National Semiconductor Corp said on Thursday that its fiscal third-quarter earnings fell 11 per cent on higher manufacturing costs. The Santa Clara-based computer chip maker said net income for the quarter ended Feb 26 fell to US$57 million
          Bloomberg Business News  -  100 words
        • 120 8 Knight-Ridder TAIPEI Taiwan's Securities and Exchange Commission has drafted a proposal to reduce taxes on cash and stock dividends for foreigners and end the transaction tax on bond trading, according to an SEC spokesman yesterday. Foreign institutions are subject to a 25 per
          Knight-Ridder  -  120 words
        • 86 8 AFP AMSTERDAM Dutch beer company Heineken said on Thursday that it made a net profit, before extraordinary income, of 603 million guilders (*****.7 million) last year, up 16.3 per cent from the 1993 level. In addition, the sale of its 50 per cent holding in Bols
          AFP  -  86 words
      • 158 8 AFP TOKYO Japan's Toshiba Corp yesterday announced it will set up a joint venture with three other Asian groups to produce colour television tubes in Indonesia. Toshiba Corp will join forces with PT Tabung Gambar Indonesia (TGI), Japanese trading firm Sumitomo Corp,
        AFP  -  158 words
      • 380 8  -  From Lim Soon Neo in HONGKONG HONGKONG Telecom, the territory's biggest company, yesterday announced plans to reduce staff numbers by 2,500 over three years as part of its strategy to stay competitive. In a letter yesterday to 16,000 employees, Hongkong Telecom
        380 words
      • 466 8 Reuter LONDON British cruise-liner-to-construction group Trafalgar House pic yesterday said it will pull out of its £1.2 billion (552.73 billion), £11-a-share bid for Northern Electric. But Trafalgar said in a statement it had talked to Britain's Takeover Panel, which oversees merger and
        Reuter  -  466 words
      • 283 8 Reuter NEW YORK MasterCard International Inc said it enjoyed record growth last year with worldwide MasterCard gross dollar volume increasing 26.1 per cent to U*****.9 billion (***** billion). Cards in circulation, which include the Maestro, grew 20.9 per cent to 276.9 million from 1993. Acceptance
        Reuter  -  283 words
      • 246 8 AFP SYDNEY A law firm pursuing a multi-billion-dollar damages claim against Australian resources giant BHP on behalf of 30,000 Papua New Guinea villagers yesterday called for an inquiry into a share purchase deal between BHP and the Papua New Guinea government. The call
        AFP  -  246 words
    • SHIPS IN PORT
      • 459 8 itiiti »o 1 Wo Berth Annul Dtparturt VcsmI ¥oy No Berth hmil Ptpartite JurOfIC Pari [quattx Grac 150/5* P03 11.03/0730 1103/2300 Bum Mali 04/95 12/3 alongside 11.03/2300 Equate* Roya 135/5£ P03 1103/0730 1203/0600 fXto 4 |4/5 *n£* 1103 0600 GuN Oaoud 03/95 P04 11.03/1830 1203/1400 C Zk
        459 words
      • 1169 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Ms Ship Voy No Etb/Btr Period From To From Acj lade 229A 12/0*00 IB 10/1500 10/1659 10/1900 3 11/0700 11/1159 11/1400 4 11/1200 11/1459 11/WO fci Uty 060* 12/2300 li
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    • FINANCE & COMMODITIES
      • 325 9  -  By S N Vasuki SINGAPORE Japan's big commercial banks had engineered a "soft landing" and substantially reduced the quantum of their non-per-forming loans, the president of the Industrial Bank of Japan, Yoh Kurosawa, said yesterday. "For two successive years, there
        325 words
      • 353 9  -  By Quak Hiang Whai SINGAPORE The ABNAMRO group has won the mandate to manage Indonesia's largest rights issue, says capital market newsletter Euroweek. The long-awaited 1.6 trillion rupiah (about 551.02 billion) rights issue from the government-controlled cement giant Semen Gresik went to investment
        353 words
      • 434 9 Reuter KUALA LUMPUR Malaysia's central bank is guiding interest rates upwards to try to support the ringgit in the current climate of global currency volatility, money market dealers said yesterday. Bank Negara intervened in the three-month interbank deposit rates on Thursday and
        Reuter  -  434 words
      • 332 9 Reuter MELBOURNE Colonial Mutual Life Assurance Society Ltd could proceed with its proposed As 2 billion (Ss2.l billion) float in 1997 and may raise extra capital from existing and new shareholders, chief executive Peter Smedley said here yesterday. He also said the
        Reuter  -  332 words
      • SMALL CHANGE
        • 100 9 SINGAPORE The managing director of New Japan Merchant Bank, Minoru Matsue, believes the yen could strengthen to a post-war record of 85 to the US dollar. Although Japan itself faced stresses political uncertainty, the Kobe earthquake and the see-sawing of the Nikkei Index
          100 words
        • 64 9 Knight-Riddcr LONDON The UK's Barclays Bank opened a branch in Johannesburg yesterday, some nine years after it left the country at a time when it was under pressure from student protests over apartheid. The Guardian newspaper reported yesterday. Barclays used to be a sizeable
          Knight-Riddcr  -  64 words
        • 80 9 Bloomberg Business News BEIJING Shenzhen Development Bank said its 1994 net profit soared 78-fold over the previous year to 356 million yuan (5559.4 million), fuelled by increased real estate business. The company had forecast a pre-tax profit of 414 million yuan. In an
          Bloomberg Business News  -  80 words
        • 76 9 Reuter JOHANNESBURG South Africa is to terminate the financial rand and dual currency system from Monday, Finance Minister Chris Licbcnbcrg said yesterday. "The government has decided that as from Monday, the exchange control restrictions on the free convertibility and repatriation of the local sale
          Reuter  -  76 words
      • 449 10  -  From Neil Behrmann in LONDON SUITS are flying between American investment bank Lehman Brothers and China's Minmetals International Non-Ferrous Metals Trading Company. Last November, Lehman Brothers sued Minmetals and China International Petroleum Co, or Unipcc, for allegedly failing to repay loans of
        449 words
      • 269 10 Fall-out from the Barings debacle CHICAGO A move by affiliates of six American securities firms to give derivatives information to United States regulators may not be a proper one for every firm, the International Swaps and Derivatives Association (Isda) said. The voluntary
        269 words
      • 276 10 Reuter LONDON MeesPierson, part of the Dutch banking group ABN Amro Holding NV, is to stop making markets in London Metal Exchange (LME) options and will instead enhance its role as a broker in these markets. George Moller, general manager of MeesPierson Holdings (UK)
        Reuter  -  276 words
      • 420 10 DBS Bank weekly currency review LS$/Dm: more upside correction expected THE greenback plunged 1,160 points against the mark in two weeks from a close of 1.4610 on Feb 24 to 1.3450 this Wednesday. It then staged a rally to touch 1.4150 on Thursday. The
        420 words
      • 238 10 Reuter NEW YORK Congressional reforms this year could fuel competition among insurers of toymakers, drug manufacturers and other American product makers. "Insurers will be more likely to insure this stuff", under uniform rules for defectiveproduct suits, said Tom O'Day of the Alliance
        Reuter  -  238 words
      • 401 10 Reuter LONDON Considered by some to he the scourge of international markets, financial derivatives such as currency and debt options are showing some of their strongest price gains in years. In the wake of the Barings pic crisis, the largest in a long list of
        Reuter  -  401 words
      • 324 10 ENERGY REPORT Reuter BAGHDAD Iraq is ready to export two million barrels per day (bpd) of crude oil as soon as the UN Security Council lifts sanctions. Oil Minister Safa Hadi Jawad said yesterday. He said Iraq would gear up to reach pre-Gulf
        Reuter  -  324 words
      • 203 10 Bloomberg Business News LONDON The dollar rose against major currencies for a third day after a stronger-than-expected US jobs report spurred speculation that the Federal Reserve will raise interest rates again soon. A rally in the Mexican peso also helped the dollar gain, traders said. The dollar's fate
        Bloomberg Business News  -  203 words
      • 86 10 AFP NEW YORK The dollar got a sharp boost from better-than-expected unemployment figures yesterday, allowing it to rise at one point to 1.4205 German marks in the first few minutes of trading. At about 1425 GMT. the greenback was trading at 1.4150 marks against 1.4055 marks at Thursday's
        AFP  -  86 words
      • Article, Illustration
        1532 10 IraJf Ht irhlnJ imJrx cahulalnJ against S'parr'i top 14 trading partners Ban' yrar 198* l)S$/S$ forward rates Noon /Mar 10 Bid ()ffrf 1-monih 1.4122 1.4137 2-month 1.4078 1.4093 3-month ***** 1 4057 6-month 1.393* 1.3958 Souivr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9«n m Mar It: Singapore
        1,532 words
    • COMMODITIES & FUTURES
      • 1374 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended higher and Eurodollar futures were unchanged ahead of US jobs data last night and volatility in the major currencies. "Euroyen futures and Japanese government bonds rallied after the Nikkei weakened," said a trader. He said he sees
        Reuter  -  1,374 words
      • 662 11 COMMODITY REPORTS Gold HONGKONG: Gold extended its gains, pushed up in late trade by a weaker US dollar against the yen and the mark. Gold bullion ended at U*****.40/90 an ounce, up slightly from New York's U*****.15/65 close and the local opening of
        662 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 60 11 BANGKOK The Thai Commerce Ministry has reached a final decision to sell 300.000 tonnes of 35 per cent broken rice to North Korea, a ministry official said yesterday. The ministry would not reveal the price of the rice, which will be delivered
          60 words
        • 56 11 NEW DELHI India's government-run State Trading Corp- is to import 24.000 tonnes of palm olein for delivery, the Business Standard newspaper said yesterday. The proposed purchase will raise total quantity finalised by STC for imports in Apr-Sep to 30.000 tonnes. The company had signed a
          56 words
        • 65 11 TOKYO Taiwan stainless steelmaker Yieh United Steel Corp has taken a step towards realising its ambitious expansion plans with the signing of an agreement this week to import ferro-nickel from Indonesia, according to company sources. Yieh recently launched production of stainless steel at a plant
          65 words
        • 52 11 SEOUL Chinas zinc exports to South Korea averaged U551,033 (551.466) a tonne. CIF, in January, marking a 10.9 per cent decline from the January average price of U551,159. The Association of Foreign Trading Agents of Korea linked the weaker zinc prices to declining demand from South
          52 words
        • 65 11 BRUSSELS The European Union has authorised the sale of 250.000 tonnes of imported corn onto the Portuguese market in May and August. The Portuguese intervention authority has already been given the go-ahead to import this tonnage under the terms of that country's accession
          65 words
    • 1483 11 SICOM Futures Mar 10 Rubber (futures closing as at 5.30pm) RSS 1 Contract (S ccnls/kg) Close Volume Open Month High Low Sett (tonnes) Interest Apr~95 257.50 I MOO May 256.00 2625 Jun 251.00 2275 Jul/Sep 243.50 247.50 249.00 525 6300 Oct/Dcc 247.50 242.50 247.50 2250 6600 Jan/Mar 96
      1,483 words
    • REGIONAL STOCK MARKETS
      • 1033 12 -8.6 SHARES eased yesterday as investors awaited US labour force data and sentiment turned sour amid speculation of an interest rate rise, brokers said. The All Ordinaries Index closed at 1,868.9 points, down 8.6. The All Industrials Index fell 10.8 to 2,800.2 and the All Resources Index finished seven
        1,033 words
      • 622 12 -59.10 Share prices dived 2.5 per cent to a 16-month low due to fears of a continuing depreciation of the US dollar and a possible rise in US interest rates. The Composite Index lost 59.10 points to end at 2,310.96, the lowest since it hit 2,368 in November 1993.
        622 words
      • 547 12 +65.16 Shares bounced back amid improved market sentiment, with all eight major categories of shares posting gains. The 422-issue Weighted Price Index climbed 65.16 points to 6,453.52 after a 37.71-point decline in the previous session. Turnover rose with 717 million shares worth NT529.26 billion changing hands. Rises outnumbered falls
        547 words
      • 430 12 +0.61 Share prices closed mixed at the end of a week-long rise. The Composite Price Index finished at 944.37 points, up 0.61 on a light trading volume of 24.5 million shares. Falls outnumbered rises 471 to 257, with 136 counters unchanged. "Many shares underwent corrections after rising for a
        430 words
      • 447 12 -12.70 Continued jitters over the wv certain fate of the US dollar and fears of higher US interest rates drove stocks to a weaker finish. A continued rise in the shares of heavily-weighted Telecom was not enough to offset broad-based losses, including sharp dips in forestry groups Carter
        447 words
      • 107 12 +56.22 Mild profit-booking towards the end failed to have an impact on shares as they rode high on hectic pre-budget buying and closed above the previous levels. The BSE 30-share Index closed 56.22 points or, 1.6 per cent, higher at 3,529.28 while the 100-share National Index rose 18.69 to
        107 words
    • WORLD STOCK MARKETS
      • 659 12 +34.2 STOCKS rose, posting their biggest single-day gain in 12 weeks as a stronger dollar and rising bonds underpinned a series of strong corporate earnings. The FTSE-100 Index soared 34.2 points, to 3,021.1, fuelled by pharmaceutical companies and dol-lar-earners. "Figures all week have been very good and people have
        659 words
      • 143 12 16.03 French shares finished higher as the dollar's firmness against the franc and higher French bond prices spurred bargain-hunting. "The dollar rose above five francs," said one trader. "The US jobs data were interpreted positively in France." He added that the bourse had been oversold after recent falls. The
        143 words
      • 231 12 19.66 German stocks rose r in late trading, as exporters' shares rebounded amid gains in the dollar. That's after a week which saw the market fall to its lowest levels since last October as the dollar skidded, to record lows against the mark. "I think we've seen the lows,"
        231 words
      • 172 12 10.71 Belgian shares closed 0.84 per cent higher on the first day of a new two-week trading account as the improving dollar boosted sentiment and inspired cautious posi-tion-taking and bargainhunting. The Bel-20 Index rose 10.71 points to 1,282.24, with 1.23 billion francs worth of shares traded. Dealers said they
        172 words
      • 278 12 +0.95 Dutch shares closed mixed in line with a late recovery in the US dollar, but the main index ended 12 points down on the week and still only slightly ofl\the bottom of its recent trading range. "A further recovery in the dollar and better bonds helped the market
        278 words
      • 122 12 14.34 Swedish shares ended a turbulent week powerfully with the OMX Index closing 14.34 points higher at 1,115.31. Ericsson was one of the day's strongest stocks, closing eight crowns higher at 425 after announcing a joint venture om mobile phones with Deutsche Telekom that impressed brokers. Yesterday strength was
        122 words
      • 273 12 +6.8 Swiss shares ended a week of hectic trade with a steady tone. But the dollar's steep fall weighed on the market. The Broad SPI Index closed up 2.28 points to 1,621.00. The blue-chip SMI Index gained 6.8 to 2,468.3. The weak dollar and the collapse of British investment
        273 words
      • 234 12 +2.51 Stocks edged higher in lacklustre early trading with strength in several sectors offsetting weakness in golds. The TSE-300 Composite Index rose 2.51 points to 4,149.46 on volume of 7.12 million shares valued at C 593.5 million. Advancing issues outpaced declines, 139 to 129, with 202 issues unchanged. Traders
        234 words
      • 756 12 19.02 The Dow Jones Industrial Average, which edged up 4.16 points on Thursday, was ahead 19.02 to 4,002.41 at I lam EST. The New York Stock Exchange Composite Index was ahead 1.07 to 262.68, while Standard Poor's 500-stock Index was up 1.94 to 485.10. Advances topped declines 1,074-605
        756 words
      • 147 12 -64 Italian stocks fell for a third day amid a slump in telecommunication shares, while bonds followed the dollar higher after stronger-than-expected US employment figures sparked speculation the Federal Reserve could raise interest rates. 'The market here reacted well to speculation that the US would be justified in raising
        147 words
      • 698 12 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 38 6400 38 6500 Mim Jersey Gih 0 I8V3 0 1992 Mim Ma* Income *0 8900 *0 9)00 ISS Cash Income Plus Fund *9 6000 -10 1100 PS Reserve Fund 5.4100 5 4200 Sterling Lqvity Euro Performance ***** 049)1 Far FaM
        698 words
      • 319 12 -15.7 South African shares finished a slow day mixed as investors steered clear of taking fresh positions ahead of the weekend amid speculation about the future of the financial rand. Dealers said the market had found support from a firmer gold price, but bullion's currency-driven gains were not convincing,
        319 words
    • Article, Illustration
      3110 13 Bloomberg Business News HONGKONG Stocks fell yesterday, led by property and conglomerate issues, as investors continued to fret over the sagging US dollar. The decline snowballed in the afternoon amid speculation some Japanese brokerages had suffered derivative losses similar to those that scuppered Barings. That nipped a rally in
      Bloomberg Business News; Source: Bridge Info  -  3,110 words
    • Article, Illustration
      618 13 CLSA HONGKONG H share fell 2.2 per cent on turnover of HKS37.I million. Qingling Motors declined another 6.4 per cent, given its high exposure to the appreciating yen. Zhenhai Refining lost 8.1 per cent. The Shanghai B Index edged up 0.5 per cent in the morning session, but closed
      CLSA  -  618 words
    • Article, Illustration
      2494 13 Bloomberg Business News TOKYO Stocks fell to their lowest point in 15 months, led by electronics and car shares, amid continued concern about the strong yen and losses on derivatives trading. "First the quake, then Barings and now the yen", have weighed on the market, said an analyst. "Everyone's
      Bloomberg Business News; Source: Bridge Info  -  2,494 words
    • Article, Illustration
      1863 13 Reuter BANGKOK Stocks ended sharply lower in dull trade with large lots of bank shares changing hands, dealers said. The SET Index ended down 25.47 points, or 2.1 per cent, to 1,189.48 on turnover of 4.70 billion baht. "Some brokers trying to put life in the market were passing
      Reuter; Source: Bridge Info  -  1,863 words
    • Article, Illustration
      1239 13 Reuter JAKARTA Share priccs yesterday edged down lower at the close on profit taking in moderate trade, brokers said. "Early morning gains were eroded by profit-taking by local players in the second session, particularly in finance and property sectors," one broker said. Selling pressure hit most property stocks following
      Reuter; Source: Bridge Info  -  1,239 words
    • 2257 14 (<< <ir Vol Day lasl Quole Di» Di» V» M < «p ll«h Lou (ompan) S.k ("0001 llt*h l*m B«>« Srllrr Or P't Sm.l MALAYSIA* I STOCKS 412 73 m MSB 50c 22 98. 392 366 36* V70 JO 29 0 "7 206 77 5 m AMOBSOc 102
      2,257 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6433 14 Bloomberg Business News KUALA LUMPUR Stocks fell on concern about the impact of the weak US dollar on world interest rates and on the demand for Malaysian exports. The Composite Index fell 16.09 points to 935.12. The Emas Index fell 4.86 to
        Bloomberg Business News; Source: Bridge Info  -  6,433 words
    • 7881 15 I i 'm■■ 1 U W M *1 ihju |mi Vol Day I-a»t Qaato Di» Di« VW N*i Cap Cmatamf Safe (tM) High I*" Bayer Vllrr Cn P/E Sail Pric* INDUSTRIAL AND COMMERCIAL 720* 388 mt s Acma 50c 418 -8 47 426 41* 416 418
      7,881 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1842 16  -  By R Sivanithy SINGAPORE The local bourse yesterday quickly abandoned an early attempt at adding to Thursday's gains after investors watched the Nikkei plunge more than 500 points at one stage, a fall that came despite a steady US dollar. Also unsettling
        Charts by Bridge Info; Source: Bloomberg  -  1,842 words
  • Page 6 Advertisements
    • 233 6 Closing Share Prices WII// on the Stock Exchange of Singapore TGSST 10th March l99s LSii Jardine Matheson (JMH) US$ 8.80 FnrmTTl jardine Strategic (JSH) US$ 3.72 Published by Jardine Fleming International Securities Limited {Incorporated in British Virgin Wand*) I -An Award for Outstanding Achievement The Secretary of the Year Award
      233 words

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    • 25 7 o o o v: LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. SINGAPORE FBI Business Times WKDWWAOA
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    • 342 7 I HFlliiie I ENGLISH NUMBER Children's Funland Quiz On Pop History 910 0001 Usborne Book Line Animal Quiz 910 0002 Horse Racing Results u/3. Sat 911 0001(*) 4D/SweepfToto Toto Draw No 953 911 0002(*) Tele-Games Crack The Safe A Mrs Wizards's 911 0003 Crystal Ball 7 Mensa Line Brain Hunt
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      143 words

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    • 25 10 For information on whore to buy your copy of: Her World. Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 1800-749-2577.
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    • 69 11 Financial News IVnjl| A Quick Look At The I Mfl I Market! Call 24 hours a day for SES KLSE midday I I reports, world I market reports and business news. Cost: 30 cents a minute organ,sedby: INFlllline An SPH AudioTex Service Find a new owner for your apartment Make
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    • 20 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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  • Page 12 Advertisements
    • 131 12 "The cabin is a triumph. "If cars were sold exclusively "Along with the wood and "The use of wood is subtle and Fine leather and wood blend on showroom appeal, then we leather, the 820 comes with pleasing, the leather trim is perfectly to create an ambience would not be
      131 words

  • Page 13 Advertisements
    • 98 13 IS top by any Hong Leong Finance or Singapore Finance branch Period Interest with your share scrips, allocation slips 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). a iiumttia 1.«% money
      98 words

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    • 98 14 Stop by any Hong Leong Finance or Singapore Finance branch Period Interest with your share scrips, allocation slips and contract notes. Rate* Receive cash over the counter up to 70%* of the current 1 month market value or cap price (whichever is lower). 2 month> 1.9% Use the money to
      98 words


  • Page 16 Advertisements
    • 1097 16 PROPOSAL TO CHANGE OF SHIP'S NAME We, Hatyin Shipping Trading Pte Ltd of 6001 Baach Road #13-06 Golden Mi la Tower, Singapore 0719, hereby give notice that in consequence of change of Ship's Name. I have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping
      1,097 words
    • 314 16 MCMftfCSKI.CMfIUM M SWTS ft l» ma b mat cm tm r*mm Ma TTlMlrftofm»—ifm. iM*|rffcintTi *MI i i leibmagim MUMMIMIInSwiie ai**rlk2otM** WSHMOM. li taniMhMi Mmr ■I artb 4b k m a patfi h> Ik pqaaßrf fc Mfe mi Ik art* i Md k ate ii alitor*.* S*ta7V7n)rffcCMpriß*tk«pi«M pmm aha la mmkm
      314 words

  • Executive Lifestyle
    • 1765 17  -  US music video giant MTV, left homeless in Asia when it split from Star TV a year ago, is back and ready to rock across the region from its new headquarters in Singapore. What is Star's response to this new challenge? Fionnuala Halligan has
      Design: Jennifer Chua  -  1,765 words
    • STRAWS IN THE WIND
      • 46 17 ALLIANCE Technology and Development Ltd sent out a press release on its new Fort Canning Country Club, which it said was "in the Central Business District and is close to many offices". If that's the case, should it be called a "country" club?
        46 words
      • 45 17 SOMEBODY out there is selling a second hand MercedesBenz that must have belonged to a Red Indian chief. The classified ad states: "1979 and 1980 Mercedes 200 manual. 4 head-dress." If he can sell the car, we'll take our hats off to him.
        45 words
      • 47 17 HOW DUMB can one get? A journalist called her brother's office and asked for him. His colleague answered the phone: "He's not here, can 1 take a message?" The journalist replied: "Just tell him his sister called." The colleague. "Does he know who you are?"
        47 words
      • 33 17 ANOTHER immortal line from our local TV shows, this time from the comedy, Under One Roof. He: "Hi, I'm Ronnie." She: "I'm Candy Chew." He: "Oh, you must be very sweet."
        33 words
    • OPINIONS
      • 1410 18 Britain's Private Eye magazine says 'Loadsamoney' Leeson could not have done so much damage without top-level Barings support FOOLS and rogues. That must be the verdict on the Barings fiasco where the investigations and the resignations will continue even though
        1,410 words
      • 784 18  -  LETTER FROM MALANG Escape from Surabaya to this oasis of peace LESLIE LOPEZ The writer is BT's Jakarta Correspondent LITERALLY translated, Malang in the Indonesian language means unfortunate. But this hill station, in East Java, is far from being star-crossed. Malang is,
        784 words
      • 801 18  -  The Greens will never persuade Neville Stack to give up his hugging ways Neville Stack The writer is a political commentator based in London. He writes regularly for BT. WHEN it comes to giving someone special a gesture of real afTection, you
        801 words
      • 755 18  -  Shoeb Kagda says the fine line between paying a prominent personality to sell your product and paying for that personality's pnvate events must be drawn clearly Shoeb Kagda The writer, a local journalist, contributed this commentary to BT GURMIT SINGH has, over the
        755 words
    • VIEWPOINT
      • 3069 19  -  THE RAFFLES CONVERSATION Prime Minister of Pakistan Benazir Bhutto tells Vikram Khanna why she has chosen to live her life in the political arena. She also looks back on her past tribulations and shares her views on Pakistan's relations with India Vikram Khanna IMAGINE an
        Photo by Chris Loh  -  3,069 words
      • 634 19 Pakistan's relations with India THE ONE issue that towers over any other in Pakistan's foreign policy is its relations with India, with whom it has fought three wars. The tension is costly for both countries, but especially for Pakistan, which devotes almost a third of
        634 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 415 20 Those polled on their views of the Singapore stock market for the week ahead: Baring, BZW, Daiwa Research, Fraser Securities, Morgan Grenfell, Nomura, Peregrine Securities. Phillip Securities, S G Warburg, Smith New Court W I Carr. Buy! H(J Asia (March 10) OYL Industries. Synergy, a
          415 words
        • 422 20  -  Hugh Young Managing director Abtrust Fund Managers UT n the wake of the I Barings debacle, it is J. worth asking whether Nick Leeson was right. Is the Tokyo stock market going up? To answer that question, the state of Japan's financing system warrants closer examination. The
          422 words
      • 755 20  -  THE WEEK By Joyce Quek SINCE Christmas, the Singapore bourse has been battered by one disaster or crisis after another the Mexican peso crisis, the Kobe earthquake, the Barings crisis, and the plunging greenback. All have had significant influences on the stock
        755 words
      • 864 20  -  Eye on the region Analysts say now is the best time to buy stocks such as Kepphil. A 1 O Labita reports Al O Labita THE PHILIPPINE stock market is looking like a deserted island. To the uninitiated, there seems to be only
        Source: Bridge Info  -  864 words
      • 552 20  -  Shiv Taneja shares his views on UOB group's United Basic and the Enhanced Regional funds Shiv Taneja UOB ASSET Management, the fund management arm of United Overseas Bank, has stolen a march on its competitors. Last week, the company
        552 words
      • 831 20 Launch 1 mth 3 mths 6 mths 1 yr 2 vrs 3 yrs Launch 1 mth 3 mths 6 mths Ijt 2yrs 3jr*_ Hanking .1 March 6. 1995 Hmmkim IWS sinvanore Straits limes 1 08 -2 56 -7 77 -89$ 29 IS 44.41 MSCI Combined ft ex Jap (free
        831 words
      • 1011 21  -  QTf>rv watph By Michelle Low IT WOULD be a real pity if a fundamentally attractive company like Sin Soon Huat (SSH) were to fall prey to poor market sentiment. The 50-year-old industrial hardware dealer is seeking a Sesdaq listing with an initial
        1,011 words
      • 621 21  -  BT Golf Index By Shahiron Sahari THE BT Golf Index fell for the third consecutive month in February to 239.72 its lowest level since last July, when the index stood at 234.04. The index, which measures the
        621 words
    • 677 22  -  Cmmh3 Reviews By JAIME EE LITTLE WOMEN is the kind of movie you don't see much of these days no sex, no swearing, nobody gets killed come to think of it, nothing very spectacular happens in all its two hours. But it's easy to see why it's
      677 words
    • 646 22 LfiON kills people for a living. He also drinks milk, loves his plant and Gene Kelly movies, and he doesn't kill women and kids. Somehow, that makes him a good guy. It is with this twisted sense of morality that French director Luc Besson approaches
      646 words
    • 1090 22  -  Exhibitions By SUSAN TSANG IT HAS been two years since potter Jessie Lim had her last exhibition, a collection of ceramics in a highlyindividual style at Shenn's Gallery. Beginning next Wednesday, she will be holding her third exhibition, this time at the Substation. "I
      Photos by Chris Loh  -  1,090 words
    • 697 22  -  Corinne Kerk never dreamt she would end up buying an old pair of binoculars during her recent trip t up buying an old pair of binoculars during her recent trip to Hongkong. Here's her story Corinne Kerk 440 EE, the sign says 100 years old that's
      697 words
    • 695 23  -  Corinne Kerk meets Phantom director Harold Prince Corinne Kerk YOU CAN guess the frame of mind that director Harold Prince is in from the themes of the new productions he is working on. Here for Andrew Lloyd Webber's award-winning Phantom of the Opera, the man who
      Photo by Chris Loh  -  695 words
    • SPORTS
      • 984 24  -  Jordan may be close to ditching his baseball dream, reports Harvey Araton Harvey Araton NYT CHICAGO If Michael Jordan is about to rejoin the Chicago Bulls, he wasn't saying so on Thursday. He also wasn't denying it. Jordan did not say anything
        NYT  -  984 words
      • 494 24  -  By Shahiron Sahari SINGAPORE Reigning champion Davetalevu makes its defence of the Singapore Cricket Club Rugby Sevens at the Padang this weekend with only two members of last year's winning team. The Fijian side's coach, Jone Lotu, said most of his players who dazzled the crowds
        494 words
      • SIDE LINES
        • 113 24 SINGAPORE No clear favourite emerged after the second day of the Singapore Golf Circuit Second Leg event at Laguna National yesterday. Lim Kian Tiong, after a second round evenpar 72, leads the pack with a 149 total. Bill Fung, who shot a 73,
          113 words
        • 72 24 Reuter HANOI Vietnamese Prime Minister Vo Van Kiet has become Hanoi's first senior Communist leader to try his hand at the capitalist sport of golf. Mr Kiet, 72, hit a few balls last Sunday on the driving range of the King's Island Club,
          Reuter  -  72 words
        • 115 24 AFP BOSTON The Boston Celtics reacted angrily on Thursday to a newspaper report that doctors suspected cocaine led to the death of team captain Reggie Lewis. The Wall Street Journal said National Basketball Association officials, Celtics officials and the player's family prevented doctors from following
          AFP  -  115 words
        • 108 24 AFP AGADIR, Morocco Alexander Cejka, who scored his first European tour victory last Sunday, equalled the course record with a six-under-par 66 to lead the Moroccan Open after the first round here on Thursday. Fresh from his triumph in the Andalucia Open, the 24-year-old who
          AFP  -  108 words
        • 125 24 Reuter INDIAN WELLS, California Top-ranked Pete Sampras and second-ranked Andre Agassi, looking beyond their battle for the No 1 ranking, have agreed to play for the American Davis Cup team in its second-round tie against Italy later this month, team captain Tom Gullikson
          Reuter  -  125 words
        • 84 24 AFP BIRMINGHAM, England Canadian Elvis Stojko retained his figure skating world title here on Thursday night, after a sparkling performance in the free programme. Stojko, the Olympic silver medallist at Lillehammer, had been trailing American Todd Eldredge after the short programme but overtook his rival
          AFP  -  84 words
      • 442 24 Golf Malaysian Open Bernama, Reuter KUALA LUMPUR Darren Clarke moved into the lead after the second round of the U*****,000 (*****,000) Benson Hedges Malaysian Open yesterday, one shot clcar of Mexico's Carlos Espinosa who hit a course record 66. Clarke, from Northern Ireland, cardcd a
        Bernama, Reuter  -  442 words
      • 420 24  -  By Michael Karem The writer is a I omlon hascti journalist who amtrihulcd this artule to HI LONDON The long-expec-ted sacking of Keith Fletcher as England's cricket manager should, but won't, add to the pile of evidence that it is English
        420 words
      • 391 24 AP FORT LAUDERDALE. Florida Journeyman Jim McGovern conquered some longstanding putting problems with a late rush that took him to the lead on Thursday in the first round of the Honda Classic. McGovern, who ranked 158 th in putting last season and was
        AP  -  391 words
      • SCORE CARD
        • Article, Illustration
          22 24 NEW YORK NBA Thursday: Charlotte 112 Seattle 99; Miami 90 Portland 99; Cleveland 98 San Antonio 100; Sacramento 94 Indiana 109.
          22 words
        • Article, Illustration
          209 24 TOKYO US$l.OB million Token Corporation Cup 2nd rd Friday (Japanese unless stated): 141 Sci|i Ebihara 74 67, Hidcyuki Sato 70 71, Todd Hamilton (US) 70 71 142 Chen Tze-chung (Tai) 76 66. Hiroshi Goda 70 72, Daisuke Scrizawa 70 72. Mitsutaka Kusakabc 68 74 143 Yoshikazu Yokoshima 73 70.
          209 words
        • Article, Illustration
          17 24 AUCKLAND, New Zealand Australian rugby league premiership opening match yesterday: Brisbane Broncos b Auckland Warriors 25-22.
          17 words
        • Article, Illustration
          57 24 BIRMINGHAM, England Figure skating world championships Hiursday Ice dance leaders after original programme: 1 Oksana Grit-chuk-Evgeni Platov (Rus) 1.0 pt 2 Susanna Rahkamo-Petri Kokko (Fin) 2.0 3 Sophie Moniottc-Pascal Lavanchy (Fra) 3.0. Men's individual final standings after free programme: 1 Elvis Stojko (Can) 2.0 pts 2 Todd Eldredgc
          57 words
        • Article, Illustration
          46 24 1 ISBON Portuguese Open quar-ter-finals Thursday: Peter Marshall (I b Sami Elopuro (Fin) 15-12 15-10 15-6; Rodney Eyles (Aust) b Simon Parke (Eng) 15-11 15-9 6-0 ret; Peter Nicol (Soot) w/o Anthony Hill (Aust); Jansher Khan (Pak) b Zarak Jahan Khan (Pak) 15-5 15-5 15-11.
          46 words
        • Article, Illustration
          167 24 INDIAN WELLS, California US$l.B million Newsweek Champions Cup 2nd rd Thursday: I-Pete Sampras (US) b Jonas Bjorkman (Swe) 6-3 7-6 (7-5); David Wheaton (US) b 10-Andrei Medvedev (Ukr) 4-6 6-2 7-6 (7-4); 11-Stefan Edberg (Swe) b Arnaud Boetsch (Fra) 6-3 6-4; 12-Magnus Larsson (swc) b Lionel Roux (Fra) 6-2
          167 words
    • Article, Illustration
      2933 25  -  Compiled by Christopher Toh The Jungle Book Rudyard Kipling's stories about the man-cub called Mowgli who was raised by a pack of wolves in the jungles of India is given a fresh treatment by the Singapore Dance Theatre. Paul Ocampo choreographs while Charles Koechlin supplies the music. Today.
      2,933 words
    • PEOPLE
      • 210 25 The Real Estate Developers' Association (Redas) held a function last month at the Orchard Hotel to welcome its new committee as well as to celebrate Chinese New Year. After short welcoming speeches by Redas president Heng Chiang Meng. who is also group managing director of listed First
        Photos by Arthur Lee  -  210 words
    • EPICURE
      • 609 26  -  Bon Appetit By CORINNE KERK SOME might say that Antonino Lai no or Nino for short is a brave fellow. Armed with a successful Italian food catering business, the man has decided to venture into the competitive market of Italian restaurant dining. And not only
        Photo by Chris Loh  -  609 words
      • 658 26  -  Wine By N K YONG LEST it be thought that this column only deals with great and expensive wines, here are a few thoroughly enjoyable, modestly-priced wines ($5O and under) sampled recently. Crozes Hermitage 'Domaine du Thalabert', 1990, Jaboulet Aine Much less well-known, undeservedly, than
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    • Article, Illustration
      1034 28 Angels. A kid thinks that he'll have a family if the no-hope local team, the Angels, win the baseball pennant. So he prays, and the team's spiritual counterparts come to the rescue. Yishun: 4.15; 11.55pm. Tiong Bahru: 11.30pm. Bedok: 5; 11.55pm. Republic. Jurong: 11.45pm. Empress: 5.30; 12am. Marina: 5.15;
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    • 69 17 BusinesslT Every Monday in Business Times rip Three from Cartier. ■>*' Jp^ v P "In celebration of the 70th Anniversary of the 3-Gold Jewellery, a silk screen lithograph r ie Covers" signed by Jean Cocteau will be presented with every purchase of a 3-Gold Jewellery." Singapore Ngee Ann City, Tower
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  • Page 18 Miscellaneous
    • 74 18 OtfE mate. VOORO OUT OP Hir*l ftND SToF PSKPN rLL LE.T Fisrs do iwe OC.T QH ibltU -foUR WORK?) =j| fe, AUOCMTtO MNVtfm LTD, IMMMS QZQI POONESBURY GARRY TRUDEAU iapEXNAIBMKKn I WEN THOUGH WU ue*£ DOYOUHAVR *r6&*tX£&&VOUN. I APPARENTLY NOT expose? I U OH...UM-. 1 VANYTPtALfWUCm.I TOSA/mR. I U A*™**
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    • 18 21 4 «u v 111 ui KMWJUKfH^IIMAM^ Hf'l House. Singapore ***** W> Isct.in Orchfjd. Singapore *****30 j j 1
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    • 461 21 Part four of the series on buying a property has been held over till next week FINANCIAL DERIVATIVES 27 28 March '95 Westin Hotels 8.30 am to 4.30 pm "The Board (Federal recognises that some derivatives are complex instruments that, if not properly understood and managed', can pose risks to
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  • Page 26 Advertisements
    • 25 26 »i 4 4 t t 4 CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. Business Times WE KNOW ASIA I
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    • 418 26 WHERE TO WINE, DINE AND ENTERTAIN ifttev,3footero H li Irani 1^ 1 I l|| ICir ~,nU Gi English Eating House I I 277 Orchard Rd *02-38 Special is ts' Centre S (0923) I Y\ $22S' CBD PASS! I MA When you spend $25/- or more at Fosters for lunch ||S
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    • 868 27 Nothing Beats ABl id- HAV/lA WHERE TO WINE, DINE AND ENTERTAIN op Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. gj High-Tea:
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    • 316 27 The Day You Dine At Triple 3. Be Prepared. To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet c at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus tempting desserts Call S us now to make your reservations at 831
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  • Page 28 Miscellaneous
    • 2215 28 TODAY'S TV 730 Berrta yv:^ w 'vnM&!T Ml 11:2 wm. ■KH2ZISH 100 ThTa!™ Highway (See 1, ££,5"iL Mas Merah, 3.35pm, Ch 12 Gemany U», 6.30pm, Ch 12 101. 1* "S Beyond 2000. Mas Merah is a sweet girl Kai Booking is our tour guide 10 55 soccer Road To Wembley
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