The Business Times, 1 July 1995
1995-07-01
1
28
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The Business Times
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Title Section14 1995-07-01 1 Business Times SINGAPORE! MITA(P) 194/12/94 Weekend Edition, July 1-2 1995 WE KNOW ASIA 85*14 words
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594 1995-07-01 1 Amy Balan, Ho Kay Tat - By Amy Balan, Ho Kay Tat FOREIGN brokers have reacted angrily to a new com-mission-sharing scheme, announced yesterday by the Kuala Lumpur Stock Exchange, which makes them bear the brunt of the recentlyannounced cut in brokerage rates. Singapore-based brokers, along with the594 words
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508 1995-07-01 1 Quak Hiang Whai - By Quak Hiang Whai SINGAPORE The market capitalisation of the Singapore bourse fell by another $6.65 billion or 3.23 per cent to $198.81 billion in the first six months of the year, after contracting by $8 billion last year, a compilation by508 words
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Article, Illustration339 1995-07-01 1 Amy Balan - By Amy Balan SINGAPORE Oei Hong Leong has gone downmarket into believe it or not the kopitiam or coffeeshop business. As high-flying chairman of Hongkong-based China Strategic Investments, Mr Oei is better known for snapping up not without controversy hundreds of ailing Chinese339 words
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201 1995-07-01 1 SINGAPORE POSBank will cut its interest rate on savings balances of up to $100,000 by a quarter percentage point to 2.75 per cent from today, while its rates on balances over $100,000 remain unchanged at 2.25 per cent. POSBank announced the changes yesterday,201 words
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2am LATEST
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Article82 1995-07-01 1 Reuter NEW YORK Wall Street stocks rose yesterday on gains in technology stocks as the market shrugged ofF mixed economic reports. The Dow Jones industrial average was up 26.98 points at 4,577.54 at 2pm EDT. In the broader market at Ipm EDT, advances led declines 12Reuter - 82 words
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463 1995-07-01 1 Lee Han Shih - By Lee Han Shih SINGAPORE A Singapore consortium whose members include Singapore Airlines (SIA) and the Keppel group has secured one of the two licences to operate air cargo services in Hongkong's proposed new airport. News that Beijing had approved463 words
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Article196 1995-07-01 1 Stock market indicts Friday Chaagc STI! 2.093.21 +11.25 KLSE Comp 1.026.62 -0.59 Nikkei 14.517.40 +10.23 Hang Seng 9.206.54 6.41 SET Index 1.394.77 +10.09 Jakarta Comp 492.02 +0.23 Manila Comp 2.766.45 +4.08 Taipei WPI 5.444.97 +0.34 SeoulComp 894.41 +10.51 Bombay BSE30 .3.244 94 -39.91 CLSA China B 774.88 5.92 Aust All196 words
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Page 1 Advertisements
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Advertisement39 1995-07-01 1 Singapore's film industry: el i Cinema at the crossroads In Pages 8 9 The complete rankings Punters are getting little cheer Why many companies are staying put in the rankings Prominent Indonesian businessman buys into Amcol Holdings, Pg 639 words
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Advertisement7 1995-07-01 1 Unit trusts: el 4 UOB's gold fund7 words
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Advertisement15 1995-07-01 1 BT Online Look us up at http:// www.asia 1 .com.sg/biztimes W 8 *****1 *****4 R15 words
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Advertisement258 1995-07-01 1 Hock Lock Siew: Pg6 PC world's window of opportumb US rejects global pact to open up financial services markets, Pg 4 Steel: Onfy of over 350 parts, glitters with an Cdfi tlim it into original design and finish to perfectly at match the case. The face is a marvel in258 words
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Advertisement30 1995-07-01 1 Asia's Corporate Giants: el 3 Thakral's worldwide web -j i HK airport deal sets stage for HK$23b debt package, Pg 3 Jardine deal may signal thaw by China, Pg 730 words
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SINGAPORE NEWS
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448 1995-07-01 2 Lee Wai Leong - By Lee Wai Leong SIX GROUPS have bid for the right to become Singapore's third Internet access provider, the Telecommunication Authority of Singapore (TAS) said yesterday at the close of the tender for a licence to provide public Internet access services. The448 words
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241 1995-07-01 2 Vikram Khanna - By Vikram Khanna SENIOR Singapore government officials will share with about 600 businessmen their vision of the changing regional and global economic environment and discuss strategies for dealing with it at a forum to be held on July 10 at the ShangriLa241 words
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330 1995-07-01 2 THE LANDING facility at Pandan Crescent, popularly known as the Barter Trade Centre, will be closed from today due to declining use, the Ministry of Trade and Industry (MTI) said yesterday. The site, set up in 1966 to facilitate330 words
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272 1995-07-01 2 GERMAN flavour maker Dragoco will spend more than $10 million expanding its manufacturing and research operations here, company officials said yesterday. Dragoco also announced a $2.5 million research tie-up with the Singapore Institute of Standards and Industrial Research (Sisir) to develop Asian272 words
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303 1995-07-01 2 Ven Sreenivasan - By Ven Sreenivasan US DEFENCE equipment specialist, Rockwell Defense Electronics, officially opened its Pacific Rim Service Centre in Singapore yesterday. The opening of its Collins Avionics Communications Division (CACD) here places Rockwell at the heart of the fastest growing market for avionics and303 words
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Article, Illustration317 1995-07-01 2 Genevieve Cua - Reports oy Genevieve Cua TRADE AND Industry Minister Yeo Cheow Tong yesterday outlined three key thrusts to promote Singapore's pharmaceutical industry, whose cumulative fixed asset investment is expected to hit $1.1 billion by the end of 1996. The industry got a vote of317 words
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237 1995-07-01 2 TRADE and Industry Minister Yeo Cheow Tong yesterday said the National Productivity Board may be restructured to give fresh impetus to the productivity movement. "We have formed a committee looking into the productivity movement and productivity efTorts in Singapore. We may end237 words
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69 1995-07-01 2 GALAXY Shopping Centre in Geylang Serai, which was up for auction yesterday, failed to find any takers. Despite a strong turnout of about 150 for the auction, there were no takers even at the opening bid of $12.5 million. But auctioneer Knight Frank Cheong69 words
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Article91 1995-07-01 2 THE HOUSING and Development Board will offer a total of 7,202 fiats on mature and non-mature estates in the the third quarter. The board said yesterday 1,109 of the flats were on mature estates in Bedok and Kallang/Whampoa. Of the 6,093 flats on non-mature91 words
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Article64 1995-07-01 2 THE SINGAPORE Tourist Promotion Board will move into its new $63 million headquarters building next weekend, said senior director (special projects) Pamelia Lee. The 13-storey building, Tourism Court, is along Orchard Spring Lane near Tudor Court, where the STPB was based until it moved to64 words
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47 1995-07-01 2 THE National Computer Board today launches its first survey to capture the information technology skills profile in Singapore. About 3,000 organisations and 10,000 IT professionals will be surveyed. Those interested in participating in the survey can call the NCB for questionnaires.47 words
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Article50 1995-07-01 2 PERU'S newly-elected First Vice-President, Ricardo Marquez Flores, will be here on a four-day official visit from today at the invitation of the Trade Development Board (TDB). The visit will enhance bilateral ties and facilitate future trade and economic cooperation between the two countries, said the TDB.50 words
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Page 2 Advertisements
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Advertisement16 1995-07-01 2 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.16 words
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Page 2 Miscellaneous
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Miscellaneous340 1995-07-01 2 ACROSS 1 A tranquilliser for the truly infantile (6-4) j 1 j 2 p j j 4 j 5 p^ 10 In harmony once stints are worked out (10) Hd 11 Slow, not heartless, though I I I I I I I I I I that's not obvious (6) J340 words
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Miscellaneous31 1995-07-01 2 /G»RI_S I*4 SUMMER) /U>4PnT TO U>U*T ftuHCH in THE. vj^eges... VTO _^y yg**? > (T~^ri &S ifiilS (too ("**> caouapfep. «ASSOCIATED «WA«RS LTO.. IM3-IMS &x£oJ 9460 POONESBURY GARRY TRUDEAU > f «av®vr VSI3SI j|jj31 words
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THE REGION
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385 1995-07-01 3 AFP BEIJING China has set up an investment corporation to raise much needed foreign funds to help the overburdened energy sector boost output in line with the country's soaring power demands, a report said yesterday. The China Power InvestmentAFP - 385 words
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266 1995-07-01 3 AFP KUALA LUMPUR A second private station is this week beaming its way into Malaysia's booming television industry that will see 30 channels by next year fighting for ratings, but officials say the advertising cake is big enough for all. A dynamic economyAFP - 266 words
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169 1995-07-01 3 Reuter THE HAGUE The International Court of Justice yesterday ruled in Australia's favour in a dispute with Portugal over ofTshore oil exploration in the Timor Gap. The United Nations court rejected Portugal's challenge to a 1989 oil treaty betweenReuter - 169 words
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254 1995-07-01 3 Bloomberg Business News SYDNEY The Australian dollar plunged to a one-month low after the government reported that the current account deficit in May surged 32 per cent to a record. "It's a shocker," said Rob Hollonds, director of treasury services atBloomberg Business News - 254 words
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Article, Illustration43 1995-07-01 3 Reuter SHANGHAI A window cleaner, hooked to an overhead safety line, cleaning the roof of a glass-covered walkway five storeys above the street yesterday. The walkway connects two high-rise buildings in Shanghai, China's financial capital and biggest city. RenterReuter - 43 words
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368 1995-07-01 3 Reuter, AFP HONGKONG Bankers welcomed yesterday's accord between China and Britain on Hongkong's new airport and said it set the stage for a hefty debt package. But they added that it was too early to tell whether the new debt wouldReuter,; AFP - 368 words
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Article, Illustration248 1995-07-01 3 AFP BEIJING Vice-Premier Zhu Rongji was replaced yesterday by Dai Xianglong as People's Bank of China (PBOC) governor alter parliament accepted his resignation from the central bank's top post, Xinhua said. The resignation was approved here by the final meeting of the 14th session ofAFP - 248 words
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261 1995-07-01 3 UPI BEIJING Three vice-minis-ters charged with restructuring China's economy warned yesterday assets lost from the state sector were an estimated 186.2 billion yuan (SS3I billion), while the average debt ratio of enterprises was 75.1 per cent. About 4.5 per cent of China's 4.13UPI - 261 words
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97 1995-07-01 3 Reuter NEW DELHI The head of a top Indian trade body said yesterday that the possible scrapping of a power deal with Enron Power Corp of the US would hit Indo-US plans to increase investment and trade by 30 per cent over theReuter - 97 words
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64 1995-07-01 3 Bloomberg Business News MANILA Declaring an end to the days when the Philippines' fortunes were tied to a handful of families and companies. President Fidel Ramos said economic reforms have laid the foundation for broad-based growth. In his mid-term report to the nation yesterday, Mr RamosBloomberg Business News - 64 words
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116 1995-07-01 3 Reuter SEOUL South Korea yesterday cancelled deliveries of rice to the communist North, saying Pyongyang would have to apologise for forcing a South Korean ship on an historic voyage to raise a Northern flag when in port. "Forcing our ship to raise theReuter - 116 words
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88 1995-07-01 3 Reuter SYDNEY Indonesia's envoy to Australia yesterday accused Canberra of breaking diplomatic tradition in demanding that his appointed successor, an army general, apologise for remarks he once made about the 1991 Dili massacre. "You don't put demands or requirements on an incoming ambassador that's againstReuter - 88 words
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73 1995-07-01 3 Bernama KUALA LUMPUR At least 17 people were killed when 10 to 15 cars were buried in one of Malaysia's worst landslides along the road leading to the Gcnting Highlands resort some 35 km east of here yesterday. Three people were pulled outBernama - 73 words
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Article, Illustration46 1995-07-01 3 Reuter BEIJING Jobless Beijing residents staging a rare public protest at the gates of the city hall yesterday. About 40 people joined the peaceful sit-in, which city officials said stemmed from a dispute over jobs in a suburban Beijing district. RcutcrReuter - 46 words
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308 1995-07-01 3 Reuter SHANGHAI Rising floodwaters have killed hundreds of people and devastated farms and fisheries in eastern China, sharpening fears that weather changes could spark the worst flooding disaster of this century. With rains lashing the coast and setting ofT mudslides, an official inReuter - 308 words
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Page 3 Advertisements
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Advertisement68 1995-07-01 3 At Tiffany Starts July I, 11.30 am 5.30pm. At •Jiffcinu Coffee Jfouse. Weekends and Public Jfofidays only. $12.90+ (aduft) $10.50 (child) J"or reservations, ask for ext 3266. Jfurry down in Ju(y and discover How to win 1 return air-tic£et to Condon and otHer attractiveprizes 3C SmmSi vH CA\ yule**, K68 words
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Advertisement30 1995-07-01 3 nmiffwi JtrTsUti Wk mm Take a frtih m,u 1..k si Hskitmt f.r the Uttil im fmrmitmrt mmd k.m, fmrmi.LS. HABITAT MA*,HA IgllAII ,01.,0,. i *A,,L*t BOVLMVAKD. SI NCA, O IMI30 words
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REGION/WORLD
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433 1995-07-01 4 Reuter, AFP GENEVA The European Union is pushing for a global financial services pact without the United States, informed trade diplomats said yesterday. They said Canada and Japan as well as key developing countries were expressing interest in the idea, whichReuter,; AFP - 433 words
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415 1995-07-01 4 Loh Hui Yin - From Loh Hui Yin A CLOSE FIGHT, with perhaps only a two-seat difference, will decide whether the ruling Democrat Party or the opposition Chart Thai Party gets to form the next government in Thailand. Latest indications suggest that the Democrats will be415 words
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133 1995-07-01 4 Reuter NEW DELHI India's statemn Doordarshan television, in a landmark step in opening up the country to foreign television, yesterday signed an agreement to allow the CNN network to broadcast to the subcontinent. Under the politically sensitive deal, US-based Turner International will pay US$l.5Reuter - 133 words
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193 1995-07-01 4 AFP BEIJING The Chinese parliament yesterday passed a law imposing the death penalty for economic crimes that are a growing topic of embarrassment for the government, Xinhua news agency said. Under regulations on "punishing crimes disrupting financial order", people involved in forgeryAFP - 193 words
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Article, Illustration310 1995-07-01 4 AFP SEOUL Every indication yesterday showed that greed and shoddy construction work triggered the disastrous collapse of a department store here, leaving at least 97 people dead, 918 injured, and 246 missing. The five-storey building showed signs of stress as early as aAFP; Reuter - 310 words
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230 1995-07-01 4 Bloomberg Business News WASHINGTON Orders received by US factories rose 1.4 per cent in May the first gain in four months amid a rebound in demand for aircraft, industrial products and other durable goods. The new-found strength, coupled withBloomberg Business News - 230 words
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SHIPS IN PORT
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Article593 1995-07-01 4 Vessel Voy No Berth Arrival Departure Jurong Port Ace Enterprise 01/95 J4 alongside 01.07/0600 Gang 05 1/95 12/3 alonpjde 01.07/0600 Batam Bahagu *****5 il alongside 01 07/2300 Batam Indah N208 11 alongside 01.07/2300 E Preotoraiherekfy 01/95 J8 alongside 01.07/0600 In kang 118 16 aiongade 0107/1500 Kwg Be593 words
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Article1585 1995-07-01 4 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Record Bookint/ Balance Rsih y*p Voy Wo Etto/Btr ftriod frwn T> Fran to Jade 245A 02/0/00 IB 30/1500 30/1659 30/1900 28 30/1700 01/0659 01/0900 4 01/1200 01/1*59 01/1700 to L4y 064* 01/2300 1A 30/1500 30/1659 30/1900 IB 30/1500 30/1659 30/19001,585 words
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Page 4 Advertisements
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Advertisement8 1995-07-01 4 US confirms sharp slowdown in growth, Pg 58 words
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THE WORLD
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516 1995-07-01 5 Reuter WASHINGTON The US House of Representatives has passed a radical budget blueprint that would chop government spending to eliminate the federal deficit in 2002 as it cuts taxes over seven years by US$245 billion (Ss34o billion). The 238-194 vote on WednesdayReuter - 516 words
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Article, Illustration50 1995-07-01 5 Reuter LONDON Workers cleaning the face of London's famous Big Ben clock on the eastern tower of the Houses of Parliament on Thursday. Although the clock is known throughout the world as Big Ben, the name comes from one of the bells within the tower. ReuterReuter - 50 words
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477 1995-07-01 5 Bloomberg Business News TOKYO Only hours after the United States' main trade negotiator said Japan agreed to meet specific targets on the two countries' car trade, Japan's trade minister yesterday denied his country did any such thing. The two pressBloomberg Business News - 477 words
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383 1995-07-01 5 Reuter, Bloomberg Business News WASHINGTON Economic growth slowed sharply in the first quarter to little more than half the pace in the closing three months of 1994, the Commerce Department said yesterday in a sccond and final revision of its broadestReuter,; Bloomberg Business News - 383 words
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381 1995-07-01 5 Reuter AMMAN A World Bank study released on Thursday warned that Arab economies faced the grim choice of raising efficiency or social upheavals in a market-led global economy. "The region seems to be on a knife edge between two equally undesirable outcomesReuter - 381 words
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Page 5 Advertisements
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Advertisement86 1995-07-01 5 A unique investment opportunity in the CITY OF LONDON 7Pn -a b J |*^H fc "|i| ilH jl r aarbtcan jr,--,-^^B iJiE Long -J ■■1 i Mm %24 ~[M ||j% Smrth?teid EXHIBITION Indonesia Room, 51li floor, Hilton Hotel, SSI Orchard Road, Singapore 092 5. Tel: (65) 757 22 H. Fax:86 words
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COMPANIES & MARKETS
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Article, Illustration346 1995-07-01 6 William Chia - By William Chia SINGAPORE Prominent Indonesian businessman Henry Pribadi has acquired a 5.11 per cent stake in property and trading group Amcol Holdings for $59.42 million. Mr Pribadi, who heads the Napan group in Indonesia, informed Amcol yesterday that he has boughtSource: Bloomberg - 346 words
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338 1995-07-01 6 Jenny Lam - By Jenny Lam SINGAPORE As part of its plan to expand into the primary healthcare business in the region, Parkway Holdings intends to open 10 to 15 medical diagnostic centres in the next three to five years. The centres are targeted at338 words
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Article, Illustration225 1995-07-01 6 SINGAPORE Tat Lee Bank has quietly bought five floors of The Octagon in Cecil Street for $52.56 million. The deal, brokered by estate agent Chesterton International, involved negotiations with four different owners without disclosing the identity of the buyer. Chesterton225 words
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211 1995-07-01 6 SINGAPORE US computer chip maker Paradigm Technology, an associate of Singapore engineering group Acma Ltd, has made an impressive debut on the US junior board Nasdaq. Paradigm shares closed 39.3 per cent above the offer price of US$l4 at U5519.50 on its first day of211 words
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222 1995-07-01 6 SINGAPORE The vicechairman of OCBC Bank (Malaysia), Choi Siew Hong, will take over the posts of Tony Tan Keng Yam and Fong Weng Phak in OCBC's Malaysian subsidiary. OCBC said yesterday Mr Choi, who is also a director of the parent222 words
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397 1995-07-01 6 Loh Hui Yin - From Loh Hui Yin in BANGKOK A STELLAR line-up of international and local companies submitted bids yesterday for Thailand's 100 billion baht (555.7 billion) power privatisation programme undeterred by the prospect of a change in government after tomorrow's general election. Thailand has a patchy397 words
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255 1995-07-01 6 SINGAPORE The Inland Revenue Authority of Singapore (IRAS) has made it easier for taxpayers with CPF (Central Provident Fund) investment accounts to claim excess tax paid on share dividends. Soon, taypayers will no longer have to keep and collate dividend vouchers or SITCs255 words
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752 1995-07-01 6 David Mok - HOCK LOCK SIEW By David Mok SINGAPORE Never before in computer history has the impending launch of a new product moved the industry the way Microsoft Corp's Windows 95 personal computer (PC) operating system has. The US-based software giant's chief,752 words
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EYE on your STOCKS
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Article18 1995-07-01 6 For next week's expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finanee Investment section)18 words
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Article, Illustration96 1995-07-01 6 Paul Leo - By Paul Leo Scmbawang Maritime is a buy at $5.80. Daily and Monthly Relative Strength Indices arc oversold while the Weekly RSI is neutral. Daily Moving Average Convergence Divergence Indicator is about to signal a buy. Interest is also returning yesterday's volume of 139,000 units is 37.6 per96 words
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COMPANY BRIEFS
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48 1995-07-01 6 SINGAPORE Vickers Ballas Holdings Ltd has clarified that it has not entered into any arrangement to buy into a Thai broking house. It would continue to look into selective joint-ventures in the region, the firm said in reference to a BT report yesterday.48 words
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112 1995-07-01 6 SINGAPORE Sincere Watch, in response to Stock Exchange of Singapore queries, said that the high operating costs which contributed to its decline in profits for the year to March 31 included rents, depreciation, interest and personal expenses. The group also said that four overseas shops112 words
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Article69 1995-07-01 6 SINGAPORE Pacific Can remained in the red for the six months-to March 31 with a net loss of $1.04 million, compared with net earnings of $140,000 previously. However, turnover increased by 62 per cent to $26.37 million from $16.23 million for the corresponding year-ago69 words
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62 1995-07-01 6 SINGAPORE First Engineering has reported net profits of $1.87 million on a turnover of $30.04 million for the year to March 31. As the firm was listed on Sesdaq last August, no full-year comparisons at the group level were available. Earnings per share were 2.862 words
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51 1995-07-01 6 SINGAPORE Giken Sakata failed to post a turnaround, reporting a net loss of $4.12 million for the year to March 31, compared to a loss of $3.9 million previously. Turnover fell to $232.76 million from $241.72 million a year earlier. No dividend has been51 words
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Article91 1995-07-01 6 SINGAPORE CSA Holdings' plans to list its wholly-owned Malaysian subsidiary Computer Systems Advisers (M) Sdn Bhd (CSAM) on the Kuala Lumpur Stock Exchange may be stalled, after a proposed deal with bumiputra firm Duta Resources has fallen through. Duta was to have bought a 40 per91 words
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Article42 1995-07-01 6 SINGAPORE HTP Holdings and Causeway Investment have both said that they were not aware of any material events that could have contributed to the recent sharp increases in the trading volume of their respective company's shares.42 words
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Article45 1995-07-01 6 SINGAPORE Singapore Bus Services has appointed Hee Theng Fong, Seng Han Thong, Col Kang Beng Ho, and Foo Yee Shoon as non-executive directors. The new directors replace Lim Leong Geok, Tan Kok Kheng, Col Lee Fook Sun and Michael Wee Soon Lock.45 words
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Article115 1995-07-01 6 Bernama KUALA LUMPUR United Merchant Group Bhd, which now holds 49.914 million shares of Ban Hin Lee (BHL) Bank shares of Msl each, representing 44.28 per cent of BHL's issued and paid-up capital, will make a mandatory offer for the rest of the BHLBernama - 115 words
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COMPANIES
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473 1995-07-01 7 S N Vasuki - From S N Vasuki in MELBOURNE AUSTRALIA'S biggest company, Broken Hill Proprietary Co, yesterday posted a 5 per cent fall in annual earnings as a A 5542 million write-down of its investment in the Foster's Brewing Group spoiled record results from473 words
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Article, Illustration499 1995-07-01 7 Kevin Sullivan - By Kevin Sullivan SINGAPORE US industrial conglomerate Tenneco may set up an Asia-Pacific regional headquarters in Singapore but Shanghai and Hongkong are also on its short-list. Tenneco chairman and chief executive Dana Mead said here yesterday: "We are looking to499 words
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308 1995-07-01 7 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Chinese lighting giant Foshan Electrical and Lighting Co (Felco) is offering 50 million B shares for listing in Shenzhen. To be priced at 7.07 renminbi (SS 1.18) apiece about 6.5 times Felco's forecast 1995 earnings of 1.088308 words
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Article576 1995-07-01 7 Managers prices Jul 1 3 Sh Greater China Fd 1.00(8 <5——————— 11—i* t Mcndaki Gr Fund 1.03 l.06ra: Singapore unn irusi us Gr Fund 104 io8*« The Commerce 1.56 1.65 IMD u u The Savings Fund 1.50 1.59 WO MMt Mgt Ltd S'pore Prog Fund 0.61 0.65 Unifund 1.42 148576 words
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175 1995-07-01 7 Elec Eltek considering general cash offer Reuter HONGKONG Electronics concern Elec Eltek International Holdings and its financial advisers are considering a proposal for the company to repurchase up to 30 per cent of its issued share capital by way of a general cash offer. "The proposal is still in itsReuter - 175 words
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152 1995-07-01 7 Bernama KUALA LUMPUR Menang Corporation Bhd is negotiating to increase its land bank in Negeri Sembilan state. Menang's group managing director and chief executive officer said yesterday that the land, in the Seremban-Port Dickson-Nilai area, was sizeable enough to last the group forBernama - 152 words
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388 1995-07-01 7 Reuter JAKARTA An Indonesian captain of industry said conglomerates would be forced to invest overseas following a government move to curb the expansion of firms with a major share in any market. Sudwikatmono, head of Indofood, one of the world's largest noodleReuter - 388 words
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COMPANY BRIEFS
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Article59 1995-07-01 7 Reuter NEW YORK Morgan Stanley Group Inc said on Thursday it agreed to acquire investment management firm Miller Anderson Sherrerd for US$35O million (Ss49o million). The two firms will be kept completely separate. Miller Anderson Sherrerd, which manages US$33 billion in assets, will remain located atReuter - 59 words
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73 1995-07-01 7 Bloomberg Business News MEMPHIS, Tennessee Federal Express Corp posted a less-than-expected 8.1 per cent increase in fiscal fourth-quarter profit, as strong international results only partly offset dwindling profit from the company's US operations. Net income for the quarter ended May 31 rose to US$B7.2 million (Ssl22 million)Bloomberg Business News - 73 words
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Article62 1995-07-01 7 AP TOKYO Buffeted by the high yen and tough competition, Japan's largest airline Japan Airlines Co yesterday reported a 14.62 billion yen (US$242 million) net loss for the fiscal year ended March 31. The company had 1.348 trillion yen in sales. In the previous fiscal year,AP - 62 words
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94 1995-07-01 7 Bloomberg Business News TOKYO Mitsubishi Corp, Japan's largest trading company, topped the list of the 500 non-US companies with the highest revenue of U*****.78 billion (***** billion), compiled by US business magazine Forbes, Jiji Press reported. Nine of the top 10 companies were Japanese, asBloomberg Business News - 94 words
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69 1995-07-01 7 Bloomberg Business News SHANGHAI Tianjin Bohai Chemical Industry Co shares surged 64 per cent on its trading debut to 4.10 yuan, as Chinese investors flocked to buy a cheap piece of the country's chemical industry. In the first morning of trading yesterday, the stock soaredBloomberg Business News - 69 words
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372 1995-07-01 7 Bloomberg Business News HONGKONG China may be warming to the company it loves to hate: Jardine Mathcson Holdings Ltd. Softening its hard line towards the territory's most famous "hong, "the Chinese government signed an agreement yesterday allowing a company partly owned by JardineBloomberg Business News - 372 words
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Article1454 1995-07-01 7 AIRCRAFT ARRIVALS DEPARTURES City Flijfct ETA riifht ETB Dkm HmM GA860 1945 kktmt QF81 1930 QF82 2055 Aa— RJ187 0130 DmMM KL843 0455 KL838 2300 SQ25 0650 SQ324 2330 KL831 0925 NZ21 1735 NZ22 1910 SQ286 2040 GF148 0910 GF1147 0250 Sari Bagawaa BJ42I 1100 SQ182 0915 SQ181 1410 BM221,454 words
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Article, Illustration670 1995-07-01 8 Quak Hiang Whai - By Quak Hiang Whai T he results of Business Times' latest ranking cxercisc of Singapore's listed companies in terms of market capitalisation reflects very much the state of the stock market non-eventful. With the exception of a few star price performers and companies with670 words
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2073 1995-07-01 8 1 I S lelecom *****.8 ***** 2.73 39.3 68 66 C Properties 510.0 30 17.00 32.0 2 2 SIA *****.0 1283 7.75 31.4 58 67 V Ballas 489.5 244 2.01 10.7 3 3 OCBC *****.3 894 10.50 14.0 66 68 QAF Ltd2,073 words
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1006 1995-07-01 9 R Sivanithy - By R Sivanithy SINGAPORE interest rates may have been cut and those in the United States may appear headed south but the truth is that local stocks, by and large, have failed to perform in the past six months. Even with yesterday's surge which was1,006 words
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FINANCE & COMMODITIES
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353 1995-07-01 10 Paul Leo - By Paul Leo SINGAPORE The Singapore International Monetary Exchange (Simex) has notched up net earnings of $19.56 million from turnover of $39.84 million for the year ended Dec 31, 1994. Earnings are up 16 per cent over those in the previous year,353 words
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Article, Illustration498 1995-07-01 10 DBS Bank weekly currency review LS$/Dm: back in a range! The greenback drifted to 1.3800 on Wednesday before success in US-Japan trade talks lifted the unit to a high of 1.4070. But the bullishness was short-lived it plunged the following day to a498 words
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249 1995-07-01 10 AFP KUALA LUMPUR Malaysia's central bank is issuing MS 1.5 billion (*****.6 million) worth of bills on Wednesday in a clear bid to mop up excess liquidity in the banking system, dealers said yesterday. Money market dealers said theAFP - 249 words
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349 1995-07-01 10 Bloomberg Business News TOKYO The credit rating of Sakura Bank Ltd, the world's fourth largest bank, is being reviewed for possible downgrade by Moody's Investors Service. The review affects some USSB billion (Ssl 1.2 billion) in debt securities, including debt denominated in US dollars,Bloomberg Business News - 349 words
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255 1995-07-01 10 SINGAPORE The Central Provident Fund-approved Credit Lyonnais Fortune Fund, which is marketed by Standard Chartered Bank, will now also be available through Citibank's branches. The fund manager, Credit Lyonnais International Asset Management (Singapore) Ltd, said yesterday that the fund would continued to255 words
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297 1995-07-01 10 Siow Li Sen - By Siow Li Sen SINGAPORE Rubber prices seem to be heading for a free fall with some traders expecting the bottom at U551,250 (S$ 1,737) per tonne for ribbed smoked sheets 3 (RSS3) around August, the same month last year when297 words
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243 1995-07-01 10 Reuter LONDON World oil prices barely moved yesterday in a muted performance following a sharp decline on Thursday which wiped off more than 40 US cents per barrel. In London, the international benchmark Brent Blend crude oil for August deliveryReuter - 243 words
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Article195 1995-07-01 10 Reuter LONDON The dollar settled back into familiar ranges in early European trading, as dealers vainly sought clues to its near-term direction. "No-one's got any ideas they're all trying to jump on the bandwagon as it's moving," said a forex dealer. Dealings were expected to be thin, atReuter - 195 words
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Article88 1995-07-01 10 AFP NEW YORK The dollar made modest gains against other major currencies yesterday on light trading here, thanks to technical buying ahead of the weekend. At around 1425 GMT, the dollar was worth 1.3837 marks from 1.3790 late Thursday and 84.85 yen from 84.35. In London, it wasAFP - 88 words
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Article, Illustration1345 1995-07-01 10 rrade-»eifhled index cakulaled againM S'pore's lop 14 trading partner* Ba.se H» m< US$/S$ forward rites Noon /Jun 30 s$ Bid Ofler 1-month 1)91} ***** 2-monlh 1.3*74 I 3*89 V month 1.3*35 1.3*50 6-month 1.3715 I.373S Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m )m 34 Singapore dollars to1,345 words
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COMMODITIES & FUTURES
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1409 1995-07-01 11 SIMEX REPORT SINGAPORE Simex Eurodollars *ere steady and Euroyen futures lower at noon in light trade. Dealers said Eurodollars saw some light short covering after the strong sell-off overnight on stronger than expected US economic data. Higher than expected May new home sales and1,409 words
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688 1995-07-01 11 COMMODITY REPORTS KL Tin THE strong surge of buying helped propel the price of tin on the KLTM to MS 16.19 akg yesterday, up eight sen. Turnover was 180 tonnes compared with 254 on Thursday. Dealers said the relatively smaller number of tin offered688 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article86 1995-07-01 11 SINGAPORE Indonesia's coffee harvest so far has been slower than in other years, and coupled with high export prices, has reduced export sales, traders said. The harvest has been so slow that instead of peaking in May-June at 1,000 tonnes daily it has been emerging gradually86 words
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Article79 1995-07-01 11 HONGKONG China's state trading arm Ceroilfood is looking to regain control of corn imports in line with the government's recent policy change on imports. According to a circular issued by the central government, China will scrap the importquota system for grain imports, including rice, corn and79 words
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Article95 1995-07-01 11 LONDON The European Bank for Reconstruction and Development said yesterday it had signed a U5547.5 million (Ss66 million) loan agreement with the Russian-US joint venture Omolon Gold Mining Co for a gold project in the Magadan region. The US Overseas Private Investment Corp has already95 words
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Article60 1995-07-01 11 FRANKFURT Growth in the German chemical industry is expected to slow in the second half of 1995 due to the appreciation of the mark, chemical industry association VCI head Gert Becker said yesterday. However, the chemical sector would "continue to post a significant plus" after doubledigit60 words
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Article1408 1995-07-01 11 SICOM Futures Jun 30 Rubber Physical Prices (futures dosing as at S.30p«) Buyers Stftors RSSl Contract (Sccnts/kg) As at 12 mm (Scents/kg) Close Volume Open Month High Low Sell (tonnes) Interest RSS 2 Jul 95 204.50 205.50N 1 50 RSS 3 Jul 95 204 00 205.00N Aug 204.501,408 words
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REGIONAL STOCK MARKETS
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Article1004 1995-07-01 12 -17.1 SHARES closed 0.8 per cent lower yesterday as the bourse reeled on the last day of the financial year from news of a massive May current account deficit and a falling local dollar. The All Ordinaries Index fell 17.1 points to 2,017.0. The All Industrials dropped 22.0 to1,004 words
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Article571 1995-07-01 12 +4.08 Share prices closed higher, with property counters rising in largely sluggish trade. The PSE Index rose 4.08 points to 2,766.45. Turnover was 1.9 billion shares valued at 1.1 billion pesos. "There's no news to perk up the market, and it's vulnerable to a downward bias," a trader said,571 words
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Article555 1995-07-01 12 +0.34 Share prices barely changed amid lacklustre trading, with cements and foods hardest hit. "In the absence of fresh incentives, most investors reduced shareholdings or stayed on the sidelines," said a dealer. The 321-issue Weighted Price Index advanced 0.34 point to 5,444.97. Turnover was 719 million shares worth NTS3I.IB555 words
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Article482 1995-07-01 12 10.51 Share prices surged on rosy prospects that the impending foreign stock ownership ceiling expansion would revitalise the market. "Investors, who concluded that an additional 3 per cent rise in foreign ownership limit due on Saturday will be an apparent boon, continued to buy," said a dealer. The Composite482 words
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Article303 1995-07-01 12 15.07 Shares rebounded after Australia reported a record currentaccount deficit for May, making New Zealand assets more attractive by comparison. "It makes New Zealand look a bit better and a little more stable," said a broker. The NZSE-40 Capital Index rose 15.07 points to 2,030.13.. Traders said investors303 words
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Article165 1995-07-01 12 -39.91 Shares finished lower as speculators squared positions ahead of the weekend, brokers said. The BSE 30-share Index lost 39.91 points to close at a provisional 3,244.94. The National Index ended at a provisional 1,530.52, down 18.87, on the last day of the current account in B group stocks.165 words
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WORLD STOCK MARKETS
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Article861 1995-07-01 12 +20.6 UK STOCKS rose on the last trading day of the second quarter as gains in National Westminster Bank, BTR and Asda Group outweighed losses in building material stocks. Stocks drew strength towards the close from a buoyant performance by US stocks. The Dow was up some 25 points861 words
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Article117 1995-07-01 12 -3.08 French shares closed slightly weaker, pressured by lower bond prices, dealers said. Volume was inflated ahead of the expiry last night of the June futures contract. The CAC-40 Index was down 3.08 points at 1,858.82. Of the CAC-40 stocks, 17 closed higher, 21 lower and two were unchanged.117 words
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Article183 1995-07-01 12 -5.64 German stocks fell on weaker bonds, amid concern the strength of the mark could erode corporate profits. The DAX Index closed down 5.64 points at 2,089.04, led lower by Allianz AG Holding, Europe's largest insurer. "We're drifting down with bunds," said a trader. 'The market's off a bit183 words
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Article192 1995-07-01 12 -2.89 Belgian stocks fell as a decline in bond prices dragged bank and insurer shares lower. The Bel2o Index fell 2.89 points to 1,431.87, with 12 stocks falling and five advancing. Fortis AG, Belgium's biggest insurer with an 18 per cent market share, led the decline, falling 45 to192 words
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Article120 1995-07-01 12 +0.34pc Swedish shares closed at an all-time high on all major indices. The general index closed 0.34 per cent higher at 1,623.41. "The market has been going back and forth the whole day but there has been interest in keeping prices up due to the halfyear effect," a broker120 words
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Article245 1995-07-01 12 -19.7 Swiss shares ended lower as weak bond markets dashed hopes for lower intest rates. But dealers said the technical support line at 2,820 SMI points held and this meant the market should be up for new gains next week. Business was confined to professionals with little retail interest245 words
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Article355 1995-07-01 12 -26.2 South African shares ended at the day's lows in fairly active trade on a number of negative factors. A rise in local interest rates and a stronger rand had not helped matters, dealers said, while bullion's weaker levels and weaker overseas markets continued to depress sentiment. The Overall355 words
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Article169 1995-07-01 12 -42 Italian stocks fell for a sixth day, as a political row over the justice minister threatened to block approval of the budget. Shares were also lower as Thursday's news that the US economy may be growing faster than expected further eroded traders' faith in the chances of lower169 words
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Article241 1995-07-01 12 +3.54 Stocks opened slightly higher in very quiet trade with dealers forecasting little change before the market closes for the long holiday weekend. The TSE Index was up 3.54 points at 4,524.62 in volume of 11.40 million shares valued at C 5141.30 million. "It's very quiet and end of241 words
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Article738 1995-07-01 12 15.22 Stock prices were steady with moderate gains in quite trading early yesterday with the help of last-minute quarter-end buying amid stable bond prices. The Dow Jones Industrial Average, which slid 6.23 points on Thursday, was ahead 15.22 to 4565.78 at llam EDT. The NYSE composite Index was738 words
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Article283 1995-07-01 12 -1.3 Dutch stocks fell for the second time in five days as they were made less attractive by a decline in bonds amid concern interest rates won't be cut soon. Shipping company Nedlloyd NV was the biggest decliner among the leading stocks, falling 2.4 per cent. Financial stocks fell283 words
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Article520 1995-07-01 12 Vienna J«"3° Asch ATX.I |029 TO 1.25 Bank Austria AG 455 2 Crrdiiannak Ml 14 Ey* I*i -4 518 -I 90t I Leykaia 4J2 J Macula. HM VZ 35* -1 OMV AG HI) t 331 2 WKimten 3740 JO Source: Bank Austria Ak Nasdaq jun n us$ Vjolpti C'oors B»r»in»520 words
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Article, Illustration2712 1995-07-01 13 Bloomberg Business News HONGKONG Stocks were mixed amid concern the Federal Reserve is in no hurry to lower interest rates, preventing banks here from easing credit. A rise in some property and conglomerate stocks offset a drop in HK Telecom and HSBC Holdings. "There is increasing nervousness that theBloomberg Business News; Source: Bridge Info - 2,712 words
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Article, Illustration621 1995-07-01 13 CLSA Source: Credit Lyonnsis Sec Asia IN Hongkong, the H share index gained 3.60 points to 1,126.68 on turnover of HKS4S.S million. Luoyang Glass was the best performer, up 3.3 per cent, while Dongfang Electric was the worst, down 1.7 per cent. The Shanghai B market fell 0.5 perCLSA; Source: Credit Lyonnsis Sec Asia - 621 words
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Article, Illustration2530 1995-07-01 13 Bloomberg Business News TOKYO Stocks were little changed as hopes that the yen would fall against the US dollar sent electronics shares higher, offsetting a decline in banking shares on concern about nonperforming loans. "The debt problem continues to pull down banking shares, but investors are still shopping forBloomberg Business News; Source: Bridge Info - 2,530 words
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Article, Illustration1592 1995-07-01 13 Bloomberg Business News BANGKOK Stocks rose, led by financial issues, after the Bank of Thailand reported loan demand above expectations, analysts said. The SET Index rose 10.09 points to 1,394.77. Turnover was 66.28 million shares worth 4.99 billion baht. Trading was only about half the average level in May,Bloomberg Business News; Source: Bridge Info - 1,592 words
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Article, Illustration1172 1995-07-01 13 Reuter JAKARTA Share prices closed little changed in slow trading, brokers said. The Composite Index ended 0.23 of a point higher to close at 492.02 on a turnover of about 118 billion rupiah, with about 37 million shares changing hands. "The market wasn't really active. Focus was on BaritoReuter; Source: Bridge Info - 1,172 words
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Article2361 1995-07-01 14 Gr Cr IMS IM Vol Da* I-an Qaotr Dh Dii VH Nil MQ) High Lot Cni|iij Safe COM) llfch Lot Buyer Seller CV P/fc %m» MALAYSIAN STOCKS 478 196 m AISB 50c 372 +6 Ml 3*2 364 372 374 3.0 -2.9 0 2 381 S 127 77.5 m2,361 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6765 1995-07-01 14 Bloomberg Business News KUALA LUMPUR Stocks were little changed as investors held off major decisions until after a Federal Reserve Board committee meets next week to decide whether to lower interest rates. Generally, interest-rate cuts in the US are beneficial for Asian stocks,Bloomberg Business News; Source: Bridge Info - 6,765 words
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STOCK EXCHANGE OF SINGAPORE
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Article8183 1995-07-01 15 Of Cr M Wl Lm V.I Day LaatQaafe D<<D4<VMNH Caa Arg H Law Clam; Safe <VM) High Lao Bayer Setfer Crt P/E Wl Prfee INDUSTRIAL AND COMMERCIAL 4** 3*2 ml s Aetna 50c 444 id -4 27* 454 440 444 446 22.5 5* 2.5 9.3 412.1 452 450 450 is8,183 words
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Article, Illustration1818 1995-07-01 16 R Sivanithy - By R Sivanithy SINGAPORE The local stock market ended the first half of the year on a high note yesterday, through a combination of window-dressing and rotational plays. The surprising development was a sudden swing of interest towards local stocks, leaving MalaysianCharts by Bridge Info; Source: Bloomberg - 1,818 words
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Page 6 Advertisements
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Advertisement168 1995-07-01 6 NEWS VALUE Foreign brokers riled by KLSE's new commission sharing (P8 0 Likely that Malaysian brokers may make some concessions. S'pore group bags air cargo licence for new HK airport (PS I) Investors probably won't factor this into their calculations right now. SES market capitalisation sheds further 3% in lst-half168 words
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Page 7 Advertisements
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Advertisement16 1995-07-01 7 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.16 words
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Page 8 Advertisements
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Advertisement9 1995-07-01 8 Come to OUB for your capital financing needs. I9 words
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Advertisement114 1995-07-01 8 HG ASIA SECURITIES (SINGAPORE) PTE LTD with effect from Ist July 1995, our new office will be at: 1 Finlayson Green #16-00 Singapore 0104 I Our telephone and facsimile numbers are as follows: Tel: (65) 536-7688 (General) Fax: (65) 536-4788 (Sales Research) I (65) 224-7188 (Dealing) (65) 538-7092 (Corporate Finance)114 words
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Page 9 Advertisements
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Advertisement365 1995-07-01 9 Sr- o --ffy, mjj kA jf Ml 1 hi ill i i ii i' WHEW IT COMES TO BBBIHEBS 111 flSliT ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■RRRRRRRRBMBBHaBBWBMBBBBBHBBBBBBaBB^MBBBBBBBBHBBBHMBBBBBBBBBBBBBBI WE'RE POSITIOHED TO OFFEB VOU THE BROAOEST PEBSPECTIUE. wmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm Tlm languages may be difficult. The food have attained a leading position in the cultural affinities In this region.365 words
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Advertisement0 1995-07-01 9 }@&(}>,"(~%=;=%^}}|=</__(+:*;`%0 words
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Page 10 Advertisements
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Page 11 Advertisements
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Advertisement10 1995-07-01 11 I OCT?7% #1 OFFSHORE I COMPANY SPECIALISTS K.()MMinui wll iif10 words
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Advertisement20 1995-07-01 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's dosing Figures are carried instead.20 words
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Page 12 Advertisements
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Advertisement132 1995-07-01 12 "The cabin is a triumph. "If cars were sold exclusively "Along with the wood and "The use of wood is subtle and A 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 not132 words
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Page 13 Advertisements
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Advertisement10 1995-07-01 13 Young Parents When you want the best for your children10 words
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Page 14 Advertisements
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Advertisement115 1995-07-01 14 Stop by any Hong Leong Finance or Singapore Finance branch jj with your share scrips, allocation slips and contract notes. Period Eff*ctiv* Rat* Discounted* %pj. J| Receive cash over the counter up to 70V of the current 1 month 0.9 10 89 market value or cap price (whichever is lower).115 words
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Page 15 Advertisements
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Page 16 Advertisements
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Advertisement47 1995-07-01 16 I For Horse Racing I Results, call I 1900-911-0001, I at 50 cents I a minute. I Available 1 hour I after the last race. Fandi Ahmad Talk Line Fandi reveals himself slice by slice Discover the man outside the football field. Cost: 30 cents a minute47 words
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Advertisement743 1995-07-01 16 NOTICES IN THE MATTER OF THE COMPANIES ACT. CAP. 5» AND IN THE MATTER OF MOTT MACDONALD ASIA SERVICES PTE LIMITED (In Men ben' Voluntary Liquidation) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308< I) of the Companies Act (Cap 50) that the Final General Meeting743 words
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Advertisement292 1995-07-01 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BATIK CREATION (S) PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN in pursuance of Section 308 of the Companies Act, Chapter 50 that the Final General Meeting of Members of292 words
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Advertisement964 1995-07-01 16 Singapore Closing Share Prices 30/06/1995 clom ran low mom -rnmmm* UM UM UM in* wIW MhNIMhMM 7.38 7.80 7.38 7JI fßHfln JvdhM Strategic Itt LM 340 X.S4 Lwj Dairy Pana OJt 047 OJM O.M SSS Hlinkim Lm< 1.82 1 -84 U1 IJ4 EBZ3QS3 Mandarin Ortontat 1.00 1.08 IXO 141 JaiBh>a964 words
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Executive Lifestyle
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Article, Illustration1626 1995-07-01 17 Shahiron Sahari - Has the Singapore film industry reached a turning point with the production of movies like Bugis Street and Mee Pok Man, or are film-makers being unduly optimistic? Shahiron Sahari talks to people in the business Shahiron Sahari EXCITING times are just ahead for the budding SingaporeDesign by Ben Cruz - 1,626 words
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STRAWS N THE WND
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Article40 1995-07-01 17 AT A WELL-KNOWN Japanese restaurant, they ask you to "Please help to preserve the forest". Problem is, that phrase is printed on the packet that holds a pair of wooden chopsticks. So much for a sincere effort.40 words
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Article87 1995-07-01 17 SO, DO YOU still need a geomancer? A feng shui expert who was hired to work on a new building noted the slope at the car park entrance and told the owner "Hmm, let me give you a piece of advice, free of charge. Your carpark slope is87 words
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Article63 1995-07-01 17 A PATIENT at a private hospital wasn't exactly encouraged by the cable TV programmes on offer. Titles included: Leap Of Faith, Final Analysis, Till Death Do We Part, I'm Doomed, Deadly Relations and Who Will Save Our Children? The movie Dr Giggles sounded more promising, but it turned63 words
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OPINIONS
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Article, Illustration912 1995-07-01 18 NEVILLE STACK - LETTER FROM IRELAND Ireland's oldest summer sport is just simply hurling along NEVILLE STACK The writer is a political correspondent based in London who writes regularly for BT. He visited Ireland recently. WHEN the legendary Irish warlord Finn Mac Cool wanted to train912 words
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Article, Illustration819 1995-07-01 18 Gopal Panicker - Will Indians find hamburgers and pizzas more to their liking than rotis and nans? Gopal Panicker reports Gopal Panicker OF ALL the issues that beset India, the entry of foreign fast food outlets into the country would seem trivial enough.819 words
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Article, Illustration209 1995-07-01 18 Quek Peck Lim - LETTERS TO THE EDITOR Quek Peck Lim Director of Research Summit Securities (S) Pte Ltd WE WISH to clarify that Parkway's healthcare operating profits quoted in the articles, "Parkway management sticks to its guns on healthcare" and "Parkway in talks to buy two primary healthcare209 words
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Article74 1995-07-01 18 Denis Distant - Denis Distant I APPRECIATE the action of the directors of Yeo Hiap Seng Ltd in clarifying the technical reasons for being unable to inform its shareholders regarding the imminent change of chairman before the recent AGM. But the fact is that out of 365 days between AGMs, the74 words
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Article93 1995-07-01 18 N K Yong - N K Yong I refer to the letter published in Business Times (June 17) by Catherine Gaul of Corndale Consultants in reply to my wine column "A word of caution about wine merchants" in Business Times, June 3. It was an interesting reply but I93 words
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Article, Illustration737 1995-07-01 18 Andrew Dilnot,Michael Blastland - Andrew Dilnot and Michael Blastland look at unemployment in the UK Andrew Dilnot,Michael Blastland Mr Dilnot is director of the Institute for Fiscal Studies. Mr Blast land is a BBC producer. A GREAT evil. A disease of society. The longest nail in the737 words
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CORPORATE PROFILE
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Article, Illustration2432 1995-07-01 19 Conrad Raj - Once only known for selling Casio calculators and digital watches, the Thakral group has grown into an empire stretching from Lagos and London in the West to Beijing and Sydney in the East. Conrad Raj finds out how from its patriarch Kartar Singh Thakral Asia's corporate giants2,432 words
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Article364 1995-07-01 19 THE THAKRALS are committed to a strong set of principles to ensure the survival of the group. This is spelt out in a recently published brochure and reads as follows: Establishing long-term relationships with customers and suppliers to ensure mutual ongoing benefits. Encouraging expansion in developing countries364 words
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Article373 1995-07-01 19 THE WORLD may be its stage but for Thakral, Singapore is still very much its home. Besides its corporate headquarters, Thakral has substantial investments here in retail, manufacturing, property, warehousing and finance. The electrical and electronics goods shop at the comer of High Street and North373 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration557 1995-07-01 20 BT SENTIMENT INDEX (July 3 6) Those polled on their views of the Singapore stock market for the week ahead: Alliance, BZW, Baring, Credit Lyonnais, DBS, Fraser, G K Goh, Morgan Grenfell, Phillip, S G Warburg and Smith New Court. Buy! OCBC Investment Research (Jun 29) F&N. At $15.50, prospective557 words
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Article, Illustration364 1995-07-01 20 Neil Payne - Neil Payne Head of research Baring Securities (S) Pte Ltd IGNS continue to emerge that the dokJ mestic economy is slowing down to a still healthy but less spectacular growth rate. It is, therefore, an opportune time to look at the potential for earnings from the region,364 words
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Article, Illustration724 1995-07-01 20 Joyce Quek - THE WEEK By Joyce Quek CORPORATE go-ings-on in the past few months have speeded up the trend of companies in the region forming business combinations. The latest example is the takeover bid for food and beverage/property group Yeo Hiap Seng Singapore (YHS) by a consortium ofbencruz - 724 words
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Article, Illustration788 1995-07-01 20 Siow Li Sen - Siow Li Sen asks experts for views on where the yellow metal is headed Siow Li Sen WITH much talk about an upturn in gold prices, United Overseas Bank has launched a timely new unit trust which focusesSource: Datastream & MAM - 788 words
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Article, Illustration637 1995-07-01 20 Alan Boyd - Eye on the region From Alan Boyd in BANGKOK ELECTION nerves and uncertainty over the outcome of US-Japanese trade talks kept investors away from Thailand's stock market, despite favourable company results in the first quarter. Strong foreign interest is expected toSource: Bridge Info - 637 words
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Article, Illustration919 1995-07-01 21 Julius Westheimer - Julius Westheimer looks at some news and views on investing in the US stock market Julius Westheimer LAT WALL STREET wisdom: "If you speculate in stocks on margin (borrowed money), you're like the fellow holding onto a bear's tail as it runsLAT - 919 words
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1002 1995-07-01 21 John Train - John Train draws on his boyhood experience to suggest guidelines for potential art investors John Train The writer is chairman of Montrose Advisers. investment counsellors in New York FT IF YOU are walking along a beach searching for a pearl, it isFT - 1,002 words
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Article, Illustration502 1995-07-01 21 Susan Tsang - Old money may hold new riches, shows a recent sale which coined 1.72 million, reports Susan Tsang Susan Tsang DEMAND for coins and banknotes continues to be strong. Antique and art dealer Spink saw a turnout of more than 100 people at its sale last Saturday.C OF - 502 words
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Article, Illustration503 1995-07-01 21 Shahiron Sahari - Shahiron Sahari also learns why Batam club memberships have not been that popular Shahiron Sahari THE recent announcement by the Indonesian authorities that land leases on Batam will be extended to 80 years is unlikely to boost prices of golf503 words
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Article, Illustration758 1995-07-01 22 SAMUEL EE - Mill in moionng By SAMUEL EE MALE MOTORISTS, a feminist once told me in a tone cold enough to chill Bollinger, only brake for two things pretty girls and beautiful cars. 1 haven't quite managed to verify the former, but the latter was demonstrated rather conclusively along758 words
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Article, Illustration438 1995-07-01 22 KEVIN SULLIVAN - Book Rcvww By KEVIN SULLIVAN Hemingway's Chair By Michael Pal in Methnen M88 pages, $20.50 MICHAEL Palin has established himself since his Monty Python days as a distinguished television dramatist, a comedy actor, and the intelligent, amiable and very funny presenter of two enormously438 words
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Article, Illustration873 1995-07-01 22 Susan Tsang - Susan Tsang reports on a village-based project that has become a model for home-based project that has become a model for home-based employment Susan Tsang GAIA CRAFTS offers the buyer lots of interesting objects that would make good gifts. However, the launch of Gaia Crafts hadPhotos by Chris Loh - 873 words
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Article, Illustration1056 1995-07-01 22 Samuel Ee - Good news for all those who enjoy spa treatments but don't want to travel too far from home for them. Samuel Ee has the details Samuel Ee BANGKOK may have its Oriental, and Jakarta its Javana. But mention1,056 words
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Article, Illustration678 1995-07-01 23 SUSAN TSANG - Cinema Review By SUSAN TSANG WHILE You Were Sleeping, you probably dreamt of all sorts of wonderful things. Lucy doesn't have to fall asleep to dream. A lonely romantic, she spends most of her narrow little life daydreaming about going to Florence so she678 words
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Article, Illustration635 1995-07-01 23 CORINNE KERK - By CORINNE KERK THE LACK of locally-made films here can be an advantage. For one, those who dare to venture into this risky business can start with a clean slate, The audience does not yet have many local productions with which to compare635 words
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SPORTS
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Article, Illustration555 1995-07-01 24 Shahiron Sahari - BT 19th Anniversary Advertising Golf Tournament By Shahiron Sahari SINGAPORE The Business Times Advertising Golf Tournament saw its first lady winner yesterday, and it also happened to be someone taking part for the first time in the 19-year-old event. Tan Geak Huan, 41,Photos by Arthur Lee - 555 words
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Article274 1995-07-01 24 Reuter LAT-WP LAT-WP LAT-WP Kiss and make up: Tim Henman, disqualified for slamming a ball into the head of ball girl Caroline Hall, was fined US$3,OOO (554,200) on Thursday by the All Engjand Club. He also apologised to the girl with a kiss. Henman had accidentally hit theReuter; LAT-WP - 274 words
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Article456 1995-07-01 24 Wimbledon Reuter, AP WIMBLEDON, London Serving machine Goran Ivanisevic kept his cool in record heat at Wimbledon yesterday to perform a calculated demolition job on Arnaud Boetsch of France. The tall Croatian fourth seed, showing no hint of his often fiery temper, produced some impressiveReuter,; AP - 456 words
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Article, Illustration45 1995-07-01 24 Reuter Hi If 1 WIMBLEDON None of them, in fact. A group of Andre Agassi lookalikes gathered at Wimbledon on Thursday for the top seed's match against Patrick McEnroe. The real McCoy trounced McEnroe 6-1, 6-1, 6-3 in just 94 minutes. ReuterReuter - 45 words
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371 1995-07-01 24 AP WIMBLEDON, England A visit to Wimbledon is easier now for Chris Evert. She no longer feels the pressure of performing. Her biggest concern is for her husband and two young sons. "When you have a child, that's when reality hits," EvertAP - 371 words
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367 1995-07-01 24 US Senior Open AP BETHESDA The only thing better than playing golf with Arnold Palmer is playing better than Arnold Palmer. Just ask Larry Ringer. One day after enjoying a practice round with his favourite golfer. Ringer shot a 4-under-parAP - 367 words
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SPORT SHORTS
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Article, Illustration88 1995-07-01 24 AFP LOS ANGELES Hideo Nomo struck out 13 and posted his second shut-out in a row here on Thursday as the Los Angeles Dodgers beat Colorado 3-0. Nomo allowed six hits and claimed his sixth consecutive victory. He took his strike-out total to 109, the best in the NationalAFP - 88 words
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Article, Illustration34 1995-07-01 24 OXFORD, Kngbuid Combined Universities were all out for 310 in reply to West Indies 637-5 declared at close of play on the second day of their three-day match at The Parks on Thursday.34 words
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Article, Illustration461 1995-07-01 24 Reuter AP LAGUNA, Philippines The weather cleared on the second day of the US$l5O,OOO (*****.500) Canlubane Classic yesterday but the top five players in the Asian PGA Tour event were still unable to complete their rounds because of the overnight backlog. The clubhouse leader was 36-year-old American Scott TaylorReuter; AP - 461 words
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Article, Illustration146 1995-07-01 24 Reuter JOHANNESBURG The commercial centre of Johannesburg was virtually brought to a standstill on Thursday as hundreds of thousands of fans hailed the South Africans' World Cup triumph. The victorious Springboks moved slowly past the city's office blocks in an open-top, double-deck-er bus escorted by eight marching bands. TheReuter - 146 words
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Article, Illustration156 1995-07-01 24 WIMBLEDON £6 million (SSI3J million) Wimbledon tournament 2nd rd on Thursday (seeds only) Men: 1-Andre Agassi (US) b Patrick McEnroe (US) 6-1 6-1 6-3; 3-Boris Becker (Gcr) b Jan Apell (Swe) 6-3 3-6 6-1 6-2; Petr Korda (Cze) b 5-Michael Chang (US) 6-4 6-4 6-4; 7-Wayne Ferreira (SA) b156 words
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TIME OFF
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Article, Illustration798 1995-07-01 25 Shahiron Sahari - Harry Connick Jr, whoperforms here tomorrow, can be a tough guy to pin down, but Shahiron Sahari has a shot at it anyway Shahiron Sahari The trouble with Harry Connick Jr is that he can be hard to pin down, both in terms of the music798 words
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Article, Illustration335 1995-07-01 25 Little Shop of Horrors The musical based on Roger Corman's movie gets an airing here. Seymour finds a strange and interesting plant that brings him love and good fortune, but things go awry .when it turns out that the plant has a bigger appetite than anyone anticipated. July 4335 words
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Article153 1995-07-01 25 Harry Con nick Jr It was the soundtrack of When Harry Mel Sally that shot Mr Connick to fame with his jazzy big band-style songs, and he hasn't looked back since. His latest album. She, breaks from that formula with a funk-based sound. July 2, 8pm at the Harbour153 words
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Article, Illustration841 1995-07-01 25 Lyrical Compositions A joint exhibition of works by Indonesian artist Nyoman Gunarsa and Romanian artist Nicolai Georgescu. Lyrical Compositions brings together two men who have been much inspired by music and dance. Gunarsa's work is not only inspired by, but owes everything to Bali's traditional painting, sculpture, music, theatre841 words
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Article148 1995-07-01 25 Seminar on Sexuality and Health for Women Co-organised with the Singapore Nurses Association (SNA); different health issues affecting women are discussed in this seminar, ranging from marriage to sexual health. July 29, 2.30pm at the Bayview Inn. Jade Room. Fees: $15 (for SNA members) and $20 (for non-members) Playwriting148 words
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Article271 1995-07-01 25 The Singapore Food Festival Food is arguably as much a part of Singapore's heritage as our history. This month-long festival celebrates that fact. July I to 31, at various outlets. The Great Singapore Sale Hey, they didn't call this place shopper's paradise for nothing. This event celebrates that fact.271 words
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Article88 1995-07-01 25 Performing Images Students of the phtography course present their works. The pictures all feature shots taken during stage performances. Until July 2. At the Gallery. 1 lam to Bpm. Free. The Garden Wall Painting Event Fancy yourself a good artist? Why not try this for size? This88 words
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Article145 1995-07-01 25 Toh Yong Choon - Compiled by Toh Yong Choon Sislic 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 are145 words
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EPICURE
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Article, Illustration737 1995-07-01 26 Jaime Ee - Suntec City may look like a mass of concrete, but rest assured, there's great food to be found inside. Jaime Ee tells you where Jaime Ee THE THOUGHT of going to the new Suntec City can be a scary one if you've never been there before. Imagine737 words
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698 1995-07-01 26 N K YONG - Wine By N K YONG BORDEAUX'S bi-annual Vinexpo, the most famous and largest wine and spirits exhibition of its kind in the world, is an experience, as well at a test of sheer physical endurance and wine tasting stamina. The statistics alone are mind-bog-gling698 words
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Article, Illustration619 1995-07-01 26 THE TERRACE Cafe doesn't exactly look out onto a terrace. With its cool, sophisticated interior made up of warm floor tiles, Italian wooden furniture and arty murals on the wall, it doesn't look like a Raffles Cafe anyway (the name it wanted to use atPhotos by Chris Loh - 619 words
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Article, Illustration627 1995-07-01 26 Jaime Ee - Jaime Ee shops around for the best delicatessen in town Jaime Ee IF THERE'S one thing the food scene here is sadly lacking, it's a one-stop specialty gourmet shop that sells everything from pizza baking stones and olive pitters to arborio rice and dried porcini mushrooms. ButPhoto by Chris Loh - 627 words
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Article, Illustration1024 1995-07-01 28 Before Sunrise. Two twentysomethings (Julie Delpy and Ethan Hawke) meet in Vienna and spend an evening chatting. Changi: 1.30; 4; 7; 9.15. Born To Be Wild. Tale of a boy and his gorilla. Bishan: 2.20; 9.15; 11.30. Tiong Bahru: 11.35; 7. Braveheart Mel Gibson is William Wallace, the 13th1,024 words
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Page 17 Advertisements
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Advertisement109 1995-07-01 17 I SINGAPORE I BUSINESS I -Giving You The I Winning Edge m u flf m u II m m II $£?M *^P3BMMI I m K v j<*"Bfe» 4' K m m ■mflfrii '"l4f |1 >0 B I f i #11 'J lIL V V fl f V ***** M H£.109 words
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Page 20 Advertisements
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Advertisement5 1995-07-01 20 IWiJ I AVAILABLE AT NEWSSTANDS5 words
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Page 26 Advertisements
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Advertisement58 1995-07-01 26 -Jtk MK*n<***l<nP*uq DISCO KTV MVStfnH Presents rag v a KmMMMjSMWt3MWB v,,if i "ok BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Company Party Product Launch Dinner Dane* or just anything you can imagine. We got everything you need to make your event a memorable The58 words
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Page 27 Advertisements
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Advertisement826 1995-07-01 27 The World's 1 Favourite Beer, where to wine, dine and entertain L WORLD S LARGEST SELLING BEER JWM ik. -^O nsin hkcsca gold phiviicgc card Part Of An" 1 Gastronomic Elita\ 10% off for eaih payment I •5% off for erodit payment J a C«rJ «ili4 «t ill Pwti Fnm826 words
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Advertisement31 1995-07-01 27 1.1.11J MLU.M ja KXNJbaA«MUKJduIXLuMMi» lihif#Ji International Buffet I 2.oor)(iiiil In 2..*opm pfl® jf* P 3^ II train lor [lie I I Marathon 0t I every Suiiclav. f v* I 'k'""" I31 words
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Page 28 Miscellaneous
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Miscellaneous2532 1995-07-01 28 TODAY'S TV 7.30 Isu Semasa. [|\TJ I KtlllrVM t.OO Bcrita Semasa. 8.02 Sarapan Malaysia. Class Action, 7.30pm, Chs Cinema Cinema Cinema, 2pm, A !"2 n-i^c Wanrta al c |M |||fl|||i|nnfl ▼< JB 900 Berita Semasa. Gene Hackman is a civil rights 015 fflilillf r LVHHHmH 1030 Biker Mice from Mars.2,532 words
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