The Straits Times, 20 September 1993 (2025)

477 1993-09-20 35 Taiwan forex market in turmoil after sudden imposition of quota TAIPEI Taiwan's central bank has dealt a heavy blow to currency speculators by reimposing reserve requirements for foreign exchange deposits at commercial banks, dealers said at the weekend. The central bank's announcement,

Reuter- 477 words

275 1993-09-20 35 WASHINGTON Malaysia, one of the high performing Asian economies, is next in line for graduation from World Bank borrowing once it reaches the US$5,OOO I SJ8.0OO) per capita Gross National Product mark, a senior World Bank official said yesterday. Regarded

Bernama- 275 words

45 1993-09-20 35 picture. Saturday. It was among several historic sports, racing and collectors' cars worth over US$l million that were put under the hammer. This 1927 Rolls Royce Phantom Special roadster worth US$BO,OOO (S$128,000) was put up for auction by Sotheby's in Sydney on AFP

AFP- 45 words

140 1993-09-20 35 Taiwan bank denies leaking rate news TAIPEI The governor of Taiwan's central bank has denied allegations that central bank officials leaked news of an interest rate cut before the official announcement in order to make huge profits in the government bond market. Three legislators in the main opposition Democratic Progressive

Reuter- 140 words

110 1993-09-20 35 SEOUL Leaders of South Korea's powerful business conglomerates last week gathered at their Federation of Korea Industries (FKI) headquarters here and resolved to make an all-out effort to boost exports to achieve a US$lO-billion (Ssl6--billion) annual trade surplus as early as possible. Their

AFP- 110 words

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  Global economic growth to improve in 1994: IMF official

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  142 1993-09-20 35 WASHINGTON The global economic crisis has hit hot torn and the outlook for growth in 1994 is better than in 1993, according to a senior International Monetarv Fund (IMF) official. "The crisis has bottomed out, later than we had expected but

  AFP- 142 words

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  Jakarta's new incentives

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  104 1993-09-20 35 JAKARTA The Indonesian government will issue a new package that includes incentives in a bid to attract more oil companies to invest in the countrys eastern part and other frontiers areas, the official news agency Antara reported yesterday. Mines and Energy Minister 18. Sudjana told Antara that

  UPI- 104 words

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  Taiwan firm plans project

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  100 1993-09-20 35 TAIPEI Taiwan's Tuntex group, one of the island's biggest conglomerates, said on Saturday it planned to invest in converting former US military facilities in the Philippines into an industrial and tourism zone. A group spokesman said Tuntex would obtain a 75-year lease for 800 hectares of

  Reuter- 100 words

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  Speculation over Turner bid

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  127 1993-09-20 35 LOS ANGELES The board of Turner Broadcasting System Inc has given the go-ahead for chairman Ted Turner to make a rival offer for Paramount Communications Inc. the Los Angeles Times said on Saturday. The New York Times, however, cited executives close to Mr Turner as saying

  Reuter- 127 words

292 1993-09-20 36 SALES at department stores and supermarkets fell 2.1 per cent in July, reversing a 2.9--per cent expansion in June General provision shops also suffered a 0.7-per cent drop in sales. However, total retail sales rose 3 per cent in July

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619 1993-09-20 36 Gerry de Silva- Gerry de Silva By FOUR boatels affected by land reclamation at Punggol have formed a consortium to better their chances of landing a new boatel site. Their venture, North Shore Marina Pte Ltd, was formed earlier

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654 1993-09-20 36 Qoestion: I have deposited my warrant certificates into my securities account with CDP (Central Depository Pte Ltd). How do I exercise them? Answer: First, obtain your latest statement of account from CDP showing the number of warrants outstanding in your

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112 1993-09-20 36 1. TSR and Warrants: TSR and warrants refer to the same thing. It is a security which entitles the holder to buy a specified quantity of the underlying share at a stated exercise price and within a certain time frame. 2. Convertible Loan Stock: A Convertible

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252 1993-09-20 36 COMPANIES here that have been the target of acquisitions and mergers do not really benefit from the takeovers, and any benefit that exist fades within a relatively short time, according to a recent university study. The study, conducted by three final-year accountancy students

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172 1993-09-20 36 MAYBANK Singapore has introduced the first local savings plan with free insurance benefit of up to $74,800 for both child and parent or legal guardian. Designed to safeguard the educational needs of a child, the Maybank Savings Protec- tion Plan pays a lump

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277 1993-09-20 36 BANQUE Nationale de Paris will continue to invest in newbranches and subsidiaries in Asia, said its president and chief operating officer, Mr Jacques Wahl. "Our foreign branches will have more investments coming from us. We are still looking to upgrade into onshore banks

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  US$ below chart point

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  66 1993-09-20 37 DFBFD THE greenback broke below the I 5995 chart point and staved boiu* it the whole week It trailed to a io* of 1.5935 on Ihui sda. out has since recovers rn Friday. Tifuu Valuators have Sne into a downtrend mode t it is unlikely to

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  Ringgit retreats

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  68 1993-09-20 37 Ringgit retreats DFBHFD THE nnggit tested the 62.75 support last Wednesday and although the support held, it gave way on Thursday and the currency fed to 62.00. Although trend indicators are now in a downtrend mode, it is unlikely to have immediate foi io*- through unless the ringgit can break

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• Article, Illustration

  Yen to move sideways

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  53 1993-09-20 37 DFBFD THE yen OxOKt- below 1.5100 and .olioweo ciruuugh to 1.4986 last Wednesday where it formed a key reversal pattern. This _iused a reversal to 1.5353 on fhursday. This reversal is limited to the recent resistance of 1.5500 after which Hm yen is Like to continue

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  Pound heads downwards

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  54 1993-09-20 37 DFBDF STERL.W is correcting downwards. m was expected. It ieit to 2 u*> iast Thursday. The ooje i- for this corrective dip is the *****-to--2.4200 area .vne.e sterling would turn _:_.u_d to resume its uptrend This uptrend would be invalidated only if sterling fell unexpectedly beiow 2.3800,

  54 words

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  Aussie unit hits new low

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  61 1993-09-20 37 Australian Dollar THE Australian doilar made a new low of i.0265 last Tuesday The downtrend is still in- tact as weeki*. and daily trend incikav__ are in a downtrend mmtk Howevei with momentum indicate >ug£ iting a slowing down rf downside momen- turn, trie ..u.-

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522 1993-09-20 37 Friday September 17 Pence A. A Corp Adr 28 2/8 -2/8 Abbey National 404 2 Allied Lyons 578 -2 Amec 104 3 Asda Group ***** -130 BAT Ind 469 940 3 940 BICC 412 830 1-3 830 BOC Group 638 5 BOC Group 638 5 BR Petroleum 297 600

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653 1993-09-20 37 Friday September 17 USS ATT 59 3/8 4/8 Aican Aluminium 19 1/8 2/8 Allegheny int 30 1/8 1/8 Allied Signal 73 3/8 1/8 Amax 23 4/8 -1/8 Amer Cyanamid 55 6/8 -I- 6/8 Amer Elec Pwr 39 7/8 unch Amer Express 34 -f- 1/8 Amer Home Prod 62

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329 1993-09-20 37 Lion Nathan 280 -1 MIM 198 2 Mayne Nickless 750 4 Metal Manufactures 338 2 National Australia B 1130 14 News Corporation 1030 14 Niugini Mining 440 40 North Broken Hill 288 unch North Flinders Mines 1166 +16 Oakbndge 82 -1 Oil Search 70 unch Pacific Dunlop 525 4

329 words

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  HK shares slide over new concerns in China-UK ties

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  193 1993-09-20 37 HK shares slide over new concerns in China-UK ties PRICES slid on the Hongkong Stock Exchange last week, amid fresh concerns about Sino-British relations and renewed publicity regarding an ongoing investigation into a listed company. The blue-chip Hang Seng Index tumbled 175.34 points or 2.31 per cent to finish last

  AFP- 193 words

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  KUALA LUMPUR

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  252 1993-09-20 37 THE Kuala Lumpur share market ended last week on a mixed note as profit-taking ahead of the weekend trimmed gains made on strong speculative buying earlier. Investors exercised caution on Friday after waves of speculative play lifted the market higher, dealers said. Activity centred on second liners and

  Bernama- 252 words

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  JAKARTA

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  62 1993-09-20 37 SHARE prices rose to a record high on the Jakarta Stock Exchange (JSE) last week as investors' optimism continued. The JSE Index closed on Friday at 430.357, breaching the 430 barrier for the first time. Average daily transactions rose to 20.05 million shares worth 85.22 billion rupiah compared to

  AFP- 62 words

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  BANGKOK

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  75 1993-09-20 37 THE Stock Exchange of Thailand (SET) Index closed on Friday at 998.22, up 4.93 points for the week. The average daily turnover during the week was 160.53 million shares, barely changed from 160.9 million shares the week before. The average daily value of stock traded was 7.9 billion baht

  AFP- 75 words

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  SYDNEY

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  128 1993-09-20 37 A BHP-inspired end-of-week rally pulled back a series of downturns for the Australian bourse to close slightly down last week. The key indicator, the AllOrdinaries Index, slumped to 1,902.6 on Thursday its lowest level since the day after the handing down of the stillstalled Federal Budget on Aug 18

  AFP- 128 words

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  TOKYO

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  165 1993-09-20 37 SHARE prices fell back from a strong start on the Tokyo Stock Exchange in a holidayshortened week marked with dwindling expectations of the government's new economic stimulus package. The Nikkei Stock Average of 225 leading issues closed 2.1 per cent or 426.94 points lower at 20,391.04 last week, following

  AFP- 165 words

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  NEW YORK

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  198 1993-09-20 37 BLUE-CHIP shares lost ground last week, with investors bustling on Friday to square portfolios as the market's triple witching hour struck. The Dow Jones average of 30 leading industrials closed at 3,613.25, shedding 8.38 points from last Friday's close. "We had a couple of bad sessions," said Mr

  AFP- 198 words

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  LONDON

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  109 1993-09-20 37 SHARE prices fell back for the third week running, hit by poor economic indicators, but steadying towards the end of last week to close with the FT-SE 100-share Index just above 3,000 points. The index fell 31.5 points from the previous Friday, down by one per cent, to 3,005.5

  AFP- 109 words

65 1993-09-20 37 BUSINESS LOANS Local Enterprise Finance Scheme r LEFS > Rates are supplied by EDB Please refer to respective banks Export Factoring 1 year 3* Domestic Factoring year Equipment and Factory loans up to 4 years 5 Equipment and Factory loans 4-10 years 6 MAS Rediscounted rates 3 Rates

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511 1993-09-20 37 Prim* landing rates at tha doae o; buainaaa on Friday, taptembai 17 ABN AMRO Bank 5- 4 Allied Irish Bank 6i_ American Express 6 Arab Banking Corp 6 Arab Bank PLC 6 AN2 Banking Group 6 Asahi Bank Ltd 6 Ban Hin Lee Bank fc Banca Commerciale

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59 1993-09-20 38 HIGH LOW Straits Times Industrials 1993 High 2045 36 (6 9/93) 1993 Low 1531 11 (4 1/93) All-time High 2045 36 (6 9.93) All-time Low 64 83 (29 6 65) Business Times Composite 1993 High 1734 68 (7/9/93) 1993 Low 1307 65 (13 193) All-time High 1734 68 (7 9

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37 1993-09-20 38 UIC Wt9B 38,018,000 PCL 50c 20,485,000 GK Goh 20c 15,252,000 EML 10c 13,952,000 Lum Chang 50c 11,186,000 UIC 9,957,000 Vikay Ind 25c 9,347,000 Goldtron 20c 9,134,000 IPC Corpn 5c 8,783,000 QAF Ltd 40c 8,581,000

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39 1993-09-20 38 Sector (Fri) Volume Value Industrials 7.907 m 12.041 m Finance 444,000 1.208 m Hotels 1.511m 2.262 m Properties 1.533 m 2.023 m Loan Stocks 63,000 46,915 Plantations 628,000 877,770 Mining Nil Nil Total 12.086 m 18.459 m

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66 1993-09-20 38 Total Market Thurs Fri Industrials 173.994 m 229.323 m Finance 90.731 m 51.538 m Hotels 17.660 m 36.497 m Properties 63.006 m 81.414 m Loans Stocks 18.758 m 19.919 m Plantations 32.524 m 19.419 m Mining 1.253 m 247.000 Total volume 397 925 m 438.362 m Total value

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74 1993-09-20 38 Sep 17 Chang. ST Industrials 2008 38 1 67 ST Finance 4077 04 11 13 ST Hotels 1366 43 0 32 ST Properties 1145 22 -MO 36 BT Composite 1701.00 7 49 BT-MGA 887 89 -4 93 BT 08/OS 75 50 BT CADI ***** +26 BT OBV -*****37 -*****6

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2 1993-09-20 38

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2832 1993-09-20 38 mf* 1993 Curr Lael Vol Week Div Net M Cap **»r» Lew Company Traded Sate -or- 000 High Low P/E Smil 260 Acma "0 .J 50 'sJO 1230 1100 '2 5 50 6 806 4 220 ■> A.ex -<icgs dOc 6.0 36.5 54 0 3-40 '65 rt

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309 1993-09-20 38 Kalpana Rashiwala- Kalpana Rashiwala FDBDF By ANALYSTS generally expect the share market this week to mirror last week's behaviour strong interest in speculative counters on Clob International, while Singapore shares continue to trade in a narrow range. OCBC Investment Research, in its weekly

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897 1993-09-20 38 BONDS, LOANS WARRANTS Or'a 1993 Curr La»l Vol Week Rat* Y'ld High Low Company Traded Sate +or- 000 High Low 266 200 S Amcol Wt 98 228 -11 797 236 227 125 64 Berjaya Grp Ln 93.5 +0.5 10 93.5 93.5 5.1 90 28 Bolton TSR 96 68.5 -2.5 60

897 words

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  MALAYSIAN

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  1831 1993-09-20 38 w— fc End*d: WmAmMm 19, 1993 mmmmmWmW^^^ mmmm m—mm^^^^m^^m^^^mmm^^^m^^^tm^ma t 1993 Curr Laat vol Weak Div* Nat M Cao High Low Company Traded Sate -t-oc- tXKI High Low P/t SmSl 205 102 AISBSOC 185 xd 13 37 185 171 SO 925 0 189 6 _>!__ o™- A MDBSOc 109

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  OTHFRS

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  237 1993-09-20 38 Al shares quoted have a par value of $1 unless otherwise specified. Adjusted tor scnp ng-hts H Tai-eiempted dividend. P/E ratios reflect the last annual consolidated results. P/E ratios and gross yields of foreipi shares are adjusted for currency differences. Trustee stocks under CPF Approved Investments Scheme. scripless tradmi

  237 words

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  OPTIONS

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  960 1993-09-20 38 UM Straw Last Vol Htgh Lov Company Exp*. Pric* Smt 205 4C I Keppe 93 U C Kt 205 42 35 s Keppe- 93 '2 F 75C U 140 20 s Keppe 93 C 80C 13C IC 7C 5 s Keppe< 93 12 F 80C U -Ct i 100

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449 1993-09-20 38 1993 Curr Last Vol Week Olv Ne! M Cap High Low Company Traded Sate +or- '000 High Low P/E $mil 249 101 s CMI 10c 238 +8 588 249 225 30.0 24.8 142.9 85 31 S EML 10c 84.5 +5.5 ***** 85 76 262 9 80 15.5 S EML

449 words

112 1993-09-20 38 Gr'a 1993 Curr Laat Vol Week Div Nat M Cap High Low Company Traded Sala +or- '000 High Low P/E Smil ASK Computer US Adolph Coors US 1800 5975 2950 Apple Computer US 2950 Charming S US- Cipher Data US Dresdner Bank US *****. .5 Ericsson Tel US 5000

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920 1993-09-20 39 Mano Sabnani- Mano Sabnani p r N6ws dndlysis Speculators are pouring into second-tier stocks By A growing number of listed companies are investing abroad and developing regional expansion strategies. RUSSELL BAKER looks at which companies are spearheading the push overseas and how small investors can grab a

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1814 1993-09-20 39 Singapore companies investing abroad Earnings Current abroad in five investments Company years time* Sectors Countries Fraser Neave 75% $908 mil Beverages Malaysia, New Zealand, Australia, Vietnam UOB 50% $656 mil Banking, property Malaysia, China, Indonesia Scotts 50% $97 mil Property

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713 1993-09-20 39 Net earnings are in IfcMtgW Allan nates* otherwise stated TV: This year. IV Last year P: rraaaAaaiy, I* Us*. Tf Tax Exempted M: Net. NVA: IM Vet k.a* ab e, In Malaysian r.nggrt A sea, la USS. In yen T In AS. la NKS. la M j 4.

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108 1993-09-20 39 Conv Special Scnpm. Conv mmmma Tradm. Trading Company atarto <IDP) Period (BT) starts Asia Pac Sep 20 Oct 14 Oct 4-Oct M Oct M Causeway Ocl I Oct 27 Ocl 15-Oct 27 Oct 2fc FELS Sep 7 Oct 1 Sep 21-Oci I Oct a Focal Finance Sep I

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43 1993-09-20 39 THE Invest Singapore exhibitions at the Punggol. Macpherson and West Coast community centres end today. tomorrow and on Wednesday respectively. The exhibition hours are from 4 pm to 9 pm on weekdays and 10 am to 9 pm on weekends.

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