The Business Times, 4 July 1995

Microfilm: NL20008
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES WE MITA(P) 194/12/94 Tuesday July 4 1995 85'
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  • 2am LATEST
    • Article
      Lock icon Dow up 29 points
      79 1 Reuter NEW YORK Wall Street stocks rose strongly yesterday as new signs of weak economic growth fostered hopes of an interest rate cut in the final session before Federal Reserve policy-makers meet tomorrow. The Dow Jones index rose 29.05 points to end at 4,585.15 in a
      Reuter  -  79 words
  • Article
    MARKET SUMMARY
    169 1 Stock market itHttftt Monday Change STII 2,094.05 +0.84 KLSE Comp 1,023.51 -3.11 Nikkei 14,485.41 -31.99 Hang Seng 9,138.21 -68.33 SET Index 1,380.09 -14.68 Jakarta Comp 491.55 -0.47 Manila Comp 2,768.29 +1.84 Taipei WPI 5,312.94 -132.03 Seoul Comp 914.1 +4.51 Bombay BSE30 .3,182.70 -64.66 CLSA China B 776.32 +1.44
    169 words
  • Article
    Untitled
    39 1 Nnr» CwhpmIu S pore News 2 Sporetfsa 19.20 feponal News 4-10 Financial 23,24 florid News 18 Fntms MarlMts Analysis 17 CJob/W-St. SES 28-30 tdrtonal 16 Regional .26 Sports 13 Worid 27 TV/Litetyte 15 Currencies .24 Property 11.12 Sunex/Commo .24,25
    39 words
  • Article
    KLSE revises rules on commission, foreign brokers feel little cheer
    615 1  -  Foreign brokers now get 0.35% for trades below Ms2m From Ho Kay Tat in KUALA LUMPUR THE Kuala Lumpur Stock Exchange yesterday revised the guidelines on sharing of commission between local and foreign brokers, giving the latter some relief but
    615 words
  • Article
    S'pore freight forwarder gets go-ahead for Sesdaq listing
    264 1  -  By Thomas Wee SINGAPORE Freight Links Express Holdings is going public the first home-spun freight forwarding group to do so. It has been granted in-prin-ciple approval by the Stock Exchange of Singapore for a listing on Sesdaq. The company applied for a
    264 words
  • Article
    Simex to offer 50 new seats at $430,000 each
    307 1  -  By Paul Leo SINGAPORE The Singapore International Monetary Exchange is offering 50 new seats at $430,000 apiece. Applications will close on Friday, July 14. And if the response is good, as many as 25 more seats will be offered later at
    307 words
  • Article
    Lock icon More backing financial services deal
    199 1 Reuter BRUSSELS Support appears to be growing for an interim deal that would liberalise world financial services. A European Commission spokesman yesterday said that although the United States remained steadfast in its opposition to a trade pact, the other countries were considering proposals for a
    Reuter  -  199 words
  • Article, Illustration
    Chart Thai puts together six-party coalition to form next govt
    561 1  -  From Loh Hui Yin in BANGKOK THE opposition Chart Thai Party, which won the most seats in Sunday's polls, has swiftly cobbled an alliance with five other political parties to form the next government. And its leader, Banharn Silpa-archa, 63,
    561 words
  • Article
    Lock icon Tokyo market hits 34-month low
    350 1 Reuter Bloomberg Business News AFP TOKYO Tokyo stocks sank to a new 34-month low yesterday, dragged down by pessimism over the struggling economy, and many brokers said more falls appear inevitable in the absence of strong government action. Buying interest among local investors has almost
    Reuter; Bloomberg Business News; AFP  -  350 words
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  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Sing $ shoots ahead amid turmoil
        345 2  - Sing shoots ahead amid turmoil By Ven Sreenivasan THE Singapore dollar is one of the fastest appreciating currencies in the world. While much of the currency's strength is attributed to the Republic's strong economic fundamentals, another factor that has played a part is its new-found status as a "safe haven".
        Source: DBS Bank  -  345 words
    • Article, Illustration
      Sumitomo Bakelite to more than double S'pore epoxy output
      362 2  -  By Claire Leow SUMITOMO Bakelite Singapore (SBS) has invested $45 million in its epoxy compound plant to more than double its output to almost half of its Japanese parent's world supply of 3,000 tonnes a month. The expansion would increase the
      362 words
    • Article
      Diginet rate cuts to save firms $10m a year
      158 2 SINGAPORE Telecom has reduced rates for its digital data communication system Diginet as much as a third. From July 1, Diginet rates have been cut by between 6 per cent and 33 per cent. For example, the rate for Diginet's mid-range
      158 words
    • Article
      Lock icon Time for Leeson to face the music in Singapore drawing near
      354 2 Reuter FRANKFURT The extradition to Singapore of Nick Leeson, the former Barings trader blamed for bringing down Britain's oldest investment bank, is inevitably drawing closer, the Frankfurt prosecutor handling the case said yesterday. "As I see it, he will
      Reuter  -  354 words
    • Article
      Canadian TV producer sets up $7m shop here
      270 2 UTV International of Canada is setting up a major television production house in Singapore specialising in South-east Asian and South Asian TV programmes. The company is 49 per cent-owned by Los Angelesbased Twentieth Century Fox, an arm of media tycoon Rupert Murdoch's
      270 words
    • Article
      Salomon Bros chief says Fed will cut rates, but not yet
      340 2  -  By Vikram Khanna THE US Federal Reserve will probably cut short-term interest rates by around SO basis points this year, but not immediately, Salomon Brothers vice-president Gunther Thumann said here yesterday. The Fed's Open Market Committee is due to
      340 words
    • Article
      TAS invites bids for radio network licence
      223 2 THE Telecommunication Authority of Singapore (TAS) plans to issue a second operator licence for a public trunked radio network by the year-end, in line with its plans to liberalise the service to meet a growing demand. TAS said yesterday that it was seeking
      223 words
    • Article, Illustration
      Kew Gate houses go for $1.2-$1.6m each
      291 2 FAR East Organisation launched its 99-year leasehold Kew Gate cluster houses in the east coast area yesterday at $1.23-$ 1.64 million after a 12 per cent discount for "early birds". The Ng Teng Fong-con-trolled group said yesterday it had "limited the number of
      291 words
    • Article
      Canada commander sees more naval cooperation with Asia
      274 2 CANADA'S growing economic engagement with Asia will mean increased naval cooperation with countries in the region, Rear-Admiral Bruce Johnston, Commander of Canada's Maritime Forces Pacific, said in Singapore yesterday. The admiral was speaking aboard the HMCS Regina, a multi-purpose Canadian frigate now
      274 words
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      Page 2 Advertisements Column 1
      234 2 =(.?'=>-)$|+|^;"!@\,:%*&$/'}/^@ Home Decor -For people who love their homes I THE UNIVERSITY OF HULL I England 1927 "OVER 100 GMs, MDs, CEOs ALREADY IN THE PROGRAMME!" "ONE OF THE MOST ESTABLISHED IN SINGAPORE" MBA IE ONLY a PLACES LEFT! ||gffllß| First to offer TQM and a Systems Approach to Creative
      234 words
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      11 2 Fed good at slowing down economy but poor at reflating it,Pg!7
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      235 3 1 Engineered to move the human spirit. ,Bjj»SpLj^3^Bj^Wß^Bß^BHß^^^^^^BMM|r T^ i. «rm SrB^MH^yj^^gg^BP^i iS' i^^^b ~^§HiH^filßiiß^Bßßi^B k :;^K t <*< 3185 w**j£m inHrvVW V BT »B B^HIHr HH7 !HB aV fIHSK s Si <•-** *dF H \tygi W Hr Bl 'JP9 -*MPM pa d SBi? > JlM^BWyiM^^' JSI aF **iB% 7v.
      235 words
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  • SOUTH-EAST ASIA
    • NOTE BOOK
      • Article
        Lock icon Macke denies E Timor comments
        110 4 Reuter JAKARTA The commander-in-chief of US forces in the Pacific, Admiral Richard Macke, has denied reports he had privately called for Indonesia to withdraw from East Timor. "The admiral never made the comments attributed to him by Allan Nairn in The Nation magazine article "Out
        Reuter  -  110 words
      • Article
        Lock icon Joint bid to build cheap cars
        63 4 AP JAKARTA Indonesia and Australia are discussing a plan to build cheap cars in Indonesia. Minister of Research and Technology BJ Habibie yesterday said he and Peter Cook, Australian Minister of Industry, Science and Technology, "discussed participation of Australian supporting companies in developing and
        AP  -  63 words
      • Article
        Lock icon Khmer Rouge launch offensive
        61 4 AFP TAMBANG, Cambodia Khmer Rouge guerillas yesterday launched a large-scale offensive in the north-western province of Battambang. Police and military officials said that by mid-morn-ing, they had fought their way to within 20 kms of this provincial Capital, Cambodia's second largest city. It was unclear how
        AFP  -  61 words
      • Article
        Lock icon Pay social security or pay fine'
        75 4 Reuter JAKARTA Indonesian companies risk fines of 50 million vupiah (5531,275) and individuals three-month jail terms if they violate worker-insurance rules. "1 will be checking from October whether they are providing worker-insurance schemes," Manpower Minister Abdul Latief said yesterday after meeting President Suharto. "Currently,
        Reuter  -  75 words
      • Article
        Lock icon Hanoi vows more action on MIA issue
        133 4 AP HANOI Vietnam yesterday promised a group of US legislators that it will continue trying to clarify the fate of America's war missing even after diplomatic relations are established. The two Countries have been broadening contacts and building momentum for normalising relations 20
        AP  -  133 words
      • Article
        Lock icon Manila's exports hit all-time high
        66 4 Reuter MANILA The Philippines' export receipts registered an all-time monthly high of U551,399 billion (S$ 1.94 billion) in May, 29.04 per cent up from US$l,OB3 billion during the same period last year. The National Statistics Office (NSO) yesterday said the five-month merchandise exports rose by
        Reuter  -  66 words
    • Article, Illustration
      Lock icon Oil firms' plans to raise prices spark protests in Philippines
      343 4 AP MANILA Thousands of Filipinos staged protests yesterday against oil companies' plans to raise fuel prices, and communist rebels warned they would "declare war" on officials responsible for any increase. About 3,000 members of the Coalition Against Oil Price Increases
      AP; Reuter  -  343 words
    • Article
      Lock icon Penang's power expected to be fully restored by end of week
      166 4 Bemama PENANG Electricity supply here, is expected to be fully restored by the end of the week, about seven days ahead of schedule, after fire damaged three circuits under the Penang Bridge. Chief Minister Koh Tsu Koon said yesterday
      Bemama  -  166 words
    • Article
      Lock icon Aipo meets to outline direction on marine resources
      342 4 The Straits Times JAKARTA The Asean Interparliamentary Organisation (Aipo) committee on marine resources began a meeting yesterday to outline its direction, with focus on how to ensure that resource development goes hand in hand with environmental preservation. In his opening remarks, Aipo
      The Straits Times  -  342 words
    • Article
      Lock icon Ramos confident of normalising ties with Singapore
      289 4 AFP MANILA Philippine President Fidel Ramos expressed confidence yesterday that relations with Singapore would be normalised once an independent examination of the remains of a murdered Filipina maid, crucial to the dispute, is completed. "With the forbearance, sincerity and goodwill" shown by the
      AFP  -  289 words
    • Article
      Lock icon Manila, KL expected to work more closely in car industry
      196 4 AFP MANILA Malaysian International Trade and Industry Minister Rafidah Aziz predicted yesterday her country and the Philippines would cooperate more closely in manufacturing automotive components. She said this at the launch of an auto industry exhibition being held here to
      AFP  -  196 words
    • Article
      Private sector must spearhead EAGA investments: Daim
      465 4  -  No govt has ever been successful in business, says KL economic adviser By William Chia SINGAPORE Investment initiatives in the East Asean Growth Area (EAGA) must come from the private sector where the market mechanism works most efficiently, said Malaysia's government economic adviser
      465 words
    • Article
      Lock icon Indon inflation worries central bank head
      114 4 Reuter JAKARTA Indonesian central bank governor Soedradjad Djiwandono has expressed worries about Indonesia's high inflation rate. In a speech obtained by Reuters yesterday, he said that inflation could become a major problem this year. He said 1994's inflation rate, 9.24 per cent, was relatively
      Reuter  -  114 words
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      195 4 FLEXIFRAME' Floorstqnds from Sweden strong sturdy durable good looking '2^\^' odutvor< $98 $108 $123 ,1 ,^s^ 3210 3211 3127 5361 3210-70 r tA r~ $&*l r $407 <246 I $X& $265 5246 $214 SiTX, brochure atwtt Ideal for displaying Posters. Advertisements Notices 31 r<£>± 3136/50 -Shops -offices Restaurants Showrooms Exhibitions
      195 words
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      Page 4 Advertisements Column 2
      56 4 Bertiea FURNITURE S Y S T E U CREATING A MORE PLEASANT WORK SPACE FOR ALL I > i i j A A I 4. y I CHECK IT OUT BEFORE YOU MAKE YOUR MOVE Shaping today s business, perfectly K&E MARKETING (S) PTE LTD 298, BEACH ROAD, #01-26 THE
      56 words
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      213 5 1m m *M 5d MA |km 4 till Hi m x v ;a]^^^V;v Byte i. l/^^j Wouldn't life be easier if someone was always beside you with everything you need? Someone with the means to ensure you achieve your ambitions direction, specialist knowledge and the most effective means of in
      213 words
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  • FOCUS
    • Article, Illustration
      Lock icon Chart Thai-led coalition faces bumpy ride
      682 6  -  Thai elections Reports by Loh Hui Yin in BANGKOK WITHIN hours of initial election returns which showed Chart Thai Party in the lead, a coalition headed by the party was being quickly cobbled together. The coalition line-up has five other political parties coalesced around
      Reuter  -  682 words
    • Article
      Coalition forming next Thai govt draws up seven-point agenda
      332 6 TURNING Thailand into a regional hub for trade and communications is one of the key policies outlined by the six-par-ty coalition which will form Thailand's next government. Also on the seven-point agenda is political reform to enhance politicians' accountability, said Banharn
      332 words
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      128 6 HMiMMiMiißHiaHßa^ii^^B V x Room Temperature Warm V w. .Colled "My mood was as black as my double espresso. But then in came that Texas Ranger to The Mezzanine, a hunk of homebaked beer bread drizzled in Southern-style chilli butter, reclining on a bed of dew-fresh romaine lettuce and sliced kosher
      128 words
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      471 7 ■■Hi THE BRITISH HAVE ALWAYS BEEN KNOWN FOR THEIR SUITS OF STEEL. (A GENTLE REMINDER FROM ROVER.) At Rover we've been raised in a land where the beams in the doors protect you from impact. idea of the ultimate gendeman was born as early as Front and rear you're protected
      471 words
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  • CHINA/HONGKONG/TAIWAN
    • Article
      Lock icon Beijing reassures foreign investors over new govt guidelines
      384 8 AFP BEIJING Chinese officials have sought to reassure foreign investors that new government guidelines do not mean a restriction on investment opportunities here, a report said yesterday. "Opening up to the outside will remain China's long-term policy and we will allow foreign
      AFP  -  384 words
    • Article
      Lock icon Chinese bank governors must clear bad debts within 3 years: Zhu
      288 8 AFP SHANGHAI Chinese Vicepremier Zhu Rongji has warned governors of state-owned commercial banks they risk losing their jobs if they do not offset losses within three years, a newspaper said yesterday. Mr Zhu, who resigned as People's Bank of
      AFP  -  288 words
    • Article, Illustration
      Lock icon China says Teng-hui's visit a serious blow to Sino-US ties
      405 8 AFP Reuter BELIING Washington's decision to allow a recent visit by Taiwanese President Lee Tenghui has seriously shaken the foundation of Sino-US relations, Chinese President Jiang Zemin said yesterday. The current difficulties in bilateral ties "resulted wholly" from the US
      AFP; Reuter  -  405 words
    • Article, Illustration
      Lock icon Those hazy, rainy days of summer are here again
      53 8 Reuter HONGKONG A tourist capturing a murky Hongkong skyline on video yesterday as the territory entered its hot and wet season. The colony regularly experiences summer temperatures in the mid-30s and relative humidity of more than 90 per cent, with the
      Reuter  -  53 words
    • Article
      Lock icon China restricts casual futures brokerages
      136 8 Reuter SHANGHAI Chinese securities authorities will crack down on brokerages doing part-time futures trading, the Shanghai Securities Alews said. The China Securities Regulatory Commission will demand that futures exchanges not admit members of new brokerages who trade part-time, the paper quoted a commission ofTicial as
      Reuter  -  136 words
    • Article
      Lock icon China has sent complete ballistic missiles to Pakistan: US officials
      302 8 Reuter WASHINGTON US intelligence officials say they have strong evidence that China has given Pakistan complete medi-um-range ballistic missiles, the Washington Post reported yesterday. It quoted officials as saying the intelligence community had mounting proof that storage crates at Pakistan's
      Reuter  -  302 words
    • Article
      Lock icon Flood deaths, losses rise as rains continue in China
      388 8 400 feared dead nationally; 10,000 homeless in Xiangtan AFP BEIJING Torrential rains continued to lash China's southern and central provinces over the weekend, pushing up death tolls and economic losses caused by severe flooding, according to newspaper reports yesterday. Incomplete reports
      AFP  -  388 words
    • CHINA WATCH
      • Article
        Lock icon Shanghai tightens control of transients
        83 8 AFP SHANGHAI Shanghai's transient population has topped three million as the city government puts in place measures to deal with the influx, Xinhua News Agency reported yesterday. Panels and working bodies on transient population control have been set up at all government levels, the report
        AFP  -  83 words
      • Article
        Lock icon Taiwan weighs up bank merger plans
        93 8 Bloomberg Business News TAIPEI The Ministry of Finance, aiming to boost the competitiveness of Taiwan banks overseas, has drafted three merger proposals for the country's banking industry, the Commercial Times reported. The plan most likely to succeed would involve the International Commercial Bank of
        Bloomberg Business News  -  93 words
      • Article
        Lock icon Warm Iceland message for Lee
        74 8 Reuter TAIPEI Iceland's President Vigdis Finnbogadottir has said Taiwan's President Lee Teng Hui is welcome to make a private visit to her country despite opposition from China, a Taiwan newspaper said yesterday. The mass-circulation United Daily A<e*s quoted Ms Finnbogadottir as saying China was unwise
        Reuter  -  74 words
      • Article
        Lock icon Taiwan to privatise five more enterprises
        59 8 AFP TAIPEI Taiwan will privatise five more state-run enterprises over the next two years as part of its privatisation and liberalisation policy, economy officials said yesterday. They are Taiwan Development and Trust Corp, Taiwan Fire and Marine Insurance Company Ltd, Taiwan Life Insurance, the
        AFP  -  59 words
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      161 8 KALLANGMOT ■0 LAVENDER MOT NEW AIS INDUSTRIAL BUILDING Minutes from the CBD expressways AIS Industrial Building is a modern 8-storey warehouse development scheduled for completion in October 1995. ygJHKrr Estate, it is minutes from the CBD, PIE, CTE and the 9HR|H|^VruJ Lavender and KaJlang MRT stations. BH 137,000 sf for
      161 words
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  • ASIA
    • Article, Illustration
      Lock icon Poor demand, cash crunch hit Bombay property prices
      431 9 AFP BOMBAY Real estate prices in Bombay, India's financial hub and film capital, which were among the highest in the world, have begun falling due to poor demand and a cash crunch. "Prices have been stagnant the last two months and they
      AFP  -  431 words
    • Article
      Lock icon Religious, caste biases in Jobs threaten Indian reforms: minister
      375 9 Reuter NEW DELHI A senior Indian minister yesterday accused the private sector of not giving enough jobs to religious minorities and low-caste Hindus, saying such biases threaten the nation's economic reform programme. "I know of business organisations which have a policy
      Reuter  -  375 words
    • Article
      Lock icon Share, land losses hit politicians' pockets
      251 9 AP TOKYO A report released yesterday painted the fiscal fortunes of Japan's lawmakers as closely dependent on the world of real estate and stock dealings. In the face of a sluggish stock market and plummeting real estate values, politicians' personal incomes slid by 22
      AP  -  251 words
    • Article
      Lock icon Japanese manufacturers to make 27% of goods abroad
      219 9 Bloomberg Business News Bernama, Kyodo TOKYO Japan's 30 major manufacturing companies will produce 27 per cent of their products abroad in the fiscal year to March 1996, according to the results of a Nihon Keizai newspaper survey. These companies generated 24.5 per
      Bloomberg Business News; Bernama, Kyodo  -  219 words
    • Article
      Lock icon Pakistan cancels many newspaper licences
      377 9 Reuter KARACHI Pakistan has cancelled scores of publishing licences in Karachi, apparently to prevent six newspapers banned last week from reappearing under new names, an industry spokesman said yesterday. Officials were not immediately available for comment on the reported move. It follows last Thursday's suspension
      Reuter  -  377 words
    • Article
      Lock icon BoJ governor finds Japanese economic recovery slow
      358 9 AFP TOKYO Bank of Japan (BoJ) governor Yasuo Matsushita said yesterday that the economic recovery in Japan was "extremely slow". He added that the strength in the economy that would promote recovery is co-existing with weaknesses restraining it. "The recovery pace is extremely
      AFP  -  358 words
    • Article
      Lock icon Keidanren seeks corporate tax cut to boost profits
      230 9 Reuter AFP TOKYO Keidanren, the Japan Federation of Economic Organisations, is seeking a cut in corporate tax to raise profits and bolster the stock market. Keidanren chairman Shoichiro Toyoda told reporters yesterday: "If the government cuts corporate tax, it would let companies
      Reuter; AFP  -  230 words
    • ASIA NOTES
      • Article
        Lock icon Indian fraud probe agency planned
        97 9 Bloomberg Business News BOMBAY The Indian government plans to set up a special agency modelled on Britain's Serious Fraud Office to investigate complex financial fraud, said the Economic Times yesterday. H will be headed by a judge from India's highest court, the Supreme Court. Both
        Bloomberg Business News  -  97 words
      • Article
        Lock icon Japan forex reserves hit world record
        97 9 AFP TOKYO Japan's foreign exchange reserves at the end of June rose U552.76 billion (553.83 billion) from a month earlier to a new world record of U*****.03 billion, the finance ministry said yesterday. The June figure represented the 20th consecutive monthly increase in Japan's
        AFP  -  97 words
      • Article, Illustration
        Lock icon Seoul rescuers use heavy equipment
        149 9 AFP SEOUL Rescuers yesterday started using heavy equipment to clear the debris of a collapsed shopping centre as hope for digging out more survivors faded. By mid-afternoon yesterday, rescue headquarters put the official death toll from the Sampoong department store collapse at 112. The number
        AFP  -  149 words
      • Article
        Lock icon France warned of exclusion from forum
        86 9 AFP PARIS France could find itself excluded from the South Pacific Forum if it persists in resuming nuclear tests at Mururoa Atoll, Australian Prime Minister Paul Keating warned in an interview published yesterday. Mr Keating, current chairman of the 15-member regional grouping, told the
        AFP  -  86 words
    • Article
      Lock icon NZ opposition pledges higher social services spending
      270 9 Bloomberg Business News WELLINGTON New Zealand's opposition Labour Party said it would delay the nation's debt repayment by a year and spend NZ$6.2 billion (SSS.7 billion) of the resulting windfall on social services, if it were in power. Michael Cullen, Labour's finance spokesman
      Bloomberg Business News  -  270 words
    • Article
      Lock icon Aussie retail sales end rate cut hopes
      488 10 May figures point to a pick-up in consumer spending Reuter SYDNEY Australian retail sales data for May, announced yesterday, show consumers are spending again, wrecking prospects for any short-term cut in interest rates, particularly after last Friday's record current account deficit, economists said.
      Reuter  -  488 words
    • Article
      Lock icon South Korea's unemployment rate hits all-time low
      280 10 AFP SEOUL South Korea's jobless rate hit an all-time low of 1.9 per cent in May during a local elections campaign, but industrial production slowed due to paralysing labour disputes on key worksites. The National Statistical Office (NSO) said yesterday the unemployment rate
      AFP  -  280 words
    • Article
      Lock icon Another case of strange fumes in Yokohama
      259 10 AFP TOKYO Six people briefly went to a hospital and several complained of sore throats after inhaling unidentified odours in a supermarket in Yokohama yesterday, the second such incident in this city south-west of Tokyo in two days, Jiji Press said. Police received
      AFP  -  259 words
    • Article
      Lock icon Japan ready to ship first lot of food-aid rice to N Korea
      256 10 Reuter TOKYO Japan will ship 44,000 tonnes of rice to North Korea as the first batch of an unprecedented food-aid package beginning in the middle of the month, farm ministry officials said yesterday. They said the rice would
      Reuter  -  256 words
    • Article
      Lock icon Indian film censor board may get the snip
      288 10 UPI NEW DELHI India is considering abandoning its film censor board since it is becoming increasingly difficult to control information entering the country via satellite television, a government report said yesterday. In a survey circulated among media professionals and officials, the Information
      UPI  -  288 words
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      300 9 g I I I T l 111 L H I I ||j l i If I jTTB Ia Mid'fcn" Oadoefc For The Maloyiian Property Marbt Ccyitrfiiwn Qw The On juywiH Potentird Of ftrtafcon Properties: 1W -J The SplOrer Efled North And Sovii Of The Iflong Valey Along Tin WayAheod North-South
      300 words
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  • PROPERTY & CONSTRUCTION
    • Article, Illustration
      First property war in 10 years looming ahead?
      704 11  -  THE PROPERTY COLUMN By Lee Han Shih A LOT of things might be triggered by Far East Organisation's move to slash the selling prices of its Dover Parkview condominiums. Given Far East boss Ng Teng Fong's track record as a trendsetter of
      704 words
    • Article
      PROPERTY WATCH
      277 12 Selected transactions Inthspostvask ID** r~ I I Butt in area/ I I Salt price I 71 fcwcHon 0< rtct [landaw(aqtl) T (S*) I st Jun26 2057 BraddalView Condo 1700 99 737,000 434 Jun 27 0923 Spring Grove Condo 1389 999 1,360,000 972 Jun 27 2775 Gardenia Court WaJk-upApt
      277 words
    • Article, Illustration
      Aussie property hitch
      907 12  -  Foreigners are not allowed to sell their residential property Down Under to other foreigners. But there are exceptions, as Agnes Wee finds out Agnes Wee Australian residential property prices appear very attractive compared to those in Singapore. After all, real estate agents say that while the price
      907 words
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      Page 11 Advertisements Column 1
      178 11 133 Middle Road For Sale By Tender Location Junction of Middle Road Queen Street, In Rochor Planning Area which Is designated for hotel and commercial development Land Area 15,792 sa ft Net Floor Area 41,412 sa ft Plot Ratio 4.2 Zoning Commercial Special Feature Unrealised Plot Ratio, Good Potential and
      178 words
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      Page 11 Advertisements Column 2
      16 11 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 11 Advertisements Column 3
      516 11 r i hc Intelligent Building Institute defines X an Intelligent Building as "the way you construct a building will ultimately determine how much it will cost to live there." With the demands for more effective business information management and communication network, the acceptance the Intelligent Building concept has become as
      516 words
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      67 12 MUBiagUU^B j #02-00 Delta House PRIME FACTORY SPACE FOR SALE Location Strategicaly situated at Alexandra Road/Deita Road Premises The entire 2nd storey of Delta House Strata Floor Area Approx. 36,307 sq ft Tenure Freehold Floor Loading IOKN/m 2 (200 Ib/sq ft) Ceing Height 3.25 m For further Information, contact Richard
      67 words
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  • SPORTS
    • Article
      Lock icon First Japanese man in qtr-finals since 1933
      549 13 Wimbledon Reuter AFP AP WIMBLEDON, London Shuzo Matsuoka became the first Japanese man since Jiro Sato in 1933 to reach the quar-ter-finals of a Grand Slam event yesterday when he scored a one-sided straight-sets victory over American Michael Joyce. Compatriot Kimiko Date also
      Reuter; AFP; AP  -  549 words
    • Article, Illustration
      Tarango and his tantrums: an action replay of four years ago
      380 13  -  By Shahiron Sahari SINGAPORE JefT Tarango's third-round walkout against Germany's Alexander Mronz last Saturday must have been like almost a case of deja vu for those who attended the Epson Singapore Super Tennis tournament Wre four years ago. Tarango,
      380 words
    • Article, Illustration
      Lock icon World record holder Lynagh retires from test rugby
      432 13 Reuter BRISBANE Australia captain and flyhalf Michael Lynagh, the world record testmatch points scorer, yesterday announced his immediate retirement from international rugby union to concentrate on business and family life. "There comes a point for everyone when you have to say it
      Reuter  -  432 words
    • Article, Illustration
      Lock icon Weiskopf wins US Senior Open for ill wife
      580 13 UPI BETHESDA, Maryland Tom Weiskopf shot a finalround 68 on Sunday to pull away from his nearest challengers and win the US Senior Open by four shots over old friend and rival Jack Nicklaus. Weiskopf played 72 holes over the Congressional Country
      UPI; AFP  -  580 words
    • SIDELINES
      • Article, Illustration
        Lock icon First Japanese in US All-Star baseball
        58 13 AFP NEW YORK Hideo Nomo (above) became the first Japanese chosen for major league baseball's All-Star Game. The line-ups were announced four days after he pitched his second straight shut-out, a 3-0 win over the Colorado Rockies in which he struck-out 13. He leads
        AFP  -  58 words
      • Article
        Lock icon Warrior's salute for Yugoslav victory
        54 13 Reuter SARAJEVO Sunday night saw tracer fires in the skies, a fusillade in the hills and bombs in the city valley, as Bosnian Serbs celebrated their ethnic brothers' 96-90 win over Lithuania in the men's European basketball championship. It was Yugoslavia's first international basketball game
        Reuter  -  54 words
      • Article
        Lock icon Tense moments but Gallagher wins
        59 13 AFP MEMPHIS, Tennessee Jim Gallagher salvaged par from a sand trap at the 18th here on Sunday to avoid a three-way playoff and win the St Jude Gassic golf tournament, his second title this year. But he had some tense moments his final round included
        AFP  -  59 words
      • Article
        Lock icon Close to embarrassment
        67 13 Reuter HOVE, England West Indies coach Andy Roberts admitted on Sunday that his side were mentally fatigued. They slumped to 97 for seven in reply to Sussex's 446 for nine declared, but managed to finish on 167 for seven. Nonetheless, they may still be the first West
        Reuter  -  67 words
      • Article
        Lock icon Kiwi wins BMW International Open
        54 13 Reuter MUNICH New Zealander Frank Nobilo came from five shots off the pace at the start of the final round to win the BMW International Open on Sunday. Nobilo shot a 67 to finish on 272, 16 under par two shots clear of overnight leader
        Reuter  -  54 words
    • Article
      Lock icon Outraged black cricket stars may sue magazine
      410 13 AFP LONDON England Test cricket stars Phillip DeFreitas and Devon Malcolm may take legal action over a magazine article which questioned the commitment of foreign-born players to the national team. The two black fast bowlers were said to be "out raged" by the
      AFP  -  410 words
    • SCORE CARD
      • Article, Illustration
        Baseball
        241 13 NEW YORK Major league Sunday AL: Boston 12 Detroit II; Toronto 7 Baltimore 9; Milwaukee 7 NY 6; Minnesota 0 Cleveland 7; Kansas City 5 ChicaS6 (10 innings); Oakland I Calimia 7; Seattle 4 Texas 3. Standings (W L Pet GB) East: I Boston 35 26 .574 2 Detroit
        241 words
      • Article, Illustration
        Basketball
        17 13 ATHENS European Championships Sunday 3rd place play-off: Croatia 73 Greece 68. Final: Yugoslavia 96 Lithuania 90.
        17 words
      • Article, Illustration
        Golf
        193 13 MUNICH BMW International Open final rd Sunday (GB/Ire unless stated): 272 Frank Nobilo (NZ) 67 69 69 67 274 Bcrnhard Langcr (Ger) 73 67 67 67, Jarmo Sandclin (Swe) 68 69 6 3 74 275 Mike Clayton (Aus) 73 67 67 68, Jean-Louis Guepy (Fra) 70 72 6 5
        193 words
      • Article, Illustration
        Motor-racing
        81 13 MAGNY COURT, France French Grand Prix Sunday: I Michael Schumacher (Ger) BenettonRenault 306kms in Ihr 38min 28.4285ccs 2 Damon Hill (GB) Williams-Renault at 31.309 3 David Coulthard (GB) Williams-Re-nault 1:02.826 4 Martin Brundle (GB) Ligier-Mugcn Honda 1:03.293 5 Jean Alcsi (Fra) Ferrari 1:17.869. Drivers' standings: 1 Schumacher 46 pts
        81 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      1153 14 I T /lll|J"lll WHERE TO WINE, DINE AND ENTERTAIN I WORLD S LARGEST SELLING BEER J K 5 p./-,' P PASTA FACSCA GOLD MIVIICGC CAAD Pert Of Gottronomie Eli*e\ f #r payment J •S% off for credit payment J fl Card m lid at all Paata Fraaaa Mtlifiv' Just spend
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      Page 14 Advertisements Column 2
      359 14 The Day You Dine At Triple 3. Be Prepared To Ha\e A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet c at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus tempting desserts. Call us now to make your reservations at 831 6271/2.
      359 words
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  • LIFESTYLE
    • Article, Illustration
      One consummate performer
      651 15  -  Harry Connick Jr dished out his stuff with such elan last weekend he had the audience lapping it all up, no matter what he chose to do. Shahiron Sahari was there Shahiron Sahari HARRY Connick Jr, who performed at the Harbour Pavilion on Sunday, is possibly the
      651 words
    • Article, Illustration
      Lock icon Hurley stays away from Grant but with Estee Lauder
      282 15 Reuter ACTOR Hugh Grant and his partner, model Liz Hurley, stayed far apart on Sunday after a newspaper ran a Hollywood hooker's version of a brief encounter with one of Britain's hottest film stars. The future of Hurley's nineyear relationship with
      Reuter; AFP  -  282 words
    • Article
      Lock icon Diana spends birthday with her sons
      366 15 CHATTERBOX" AP AP UPI UPI PRINCESS DIANA celebrated her 34th birthday on Saturday playing tennis with her sons at boarding school, and chatting over lunch. She drove her blue convertible into the back entrance of Ludgrove school, 40 km west of London, for a
      AP; UPI  -  366 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      90 15 With a wide eelection of good food at affordable prices, you will never run out of choices. Tsman Porridge Order from our A-La-Gart<; Menu Chinese Cu'toine Select from our Special Set Menus Curry Fhh Head Choose from our Hot Spicy Menu \Miether its a formal S™ business meeting era casual
      90 words
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      Page 15 Advertisements Column 2
      129 15 thai sharkfins RESTAURANT PTE LTD *?<mc THAI o*UUme Cfs 110 Amoy Street #01-00 H A m x Singapore 0106 M Bus,ncss n" 1 L"* 11 11-OOam- 2.30pm Q |3 F T t Dinner 6 00pm -10 0()pm E3 Q During the promotion period in July "95 q wr to all
      129 words
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      Page 15 Advertisements Column 3
      16 15 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      16 words
  • Page 15 Miscellaneous
    • Miscellaneous
      Page 15 Miscellaneous Column 1
      1255 15 TV A RADIO Code Red, Bpm, Ch 5 L a* Debut of a series rc-enacting jfr emergencies in Singapore. An Pulau goes wrong An ex-drug addict recalls how he and his brother got into the habit. Fi- -SB\ nally, a civil defence volunteer jj I f [liiTa-j JIBH saves a
      1,255 words
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  • Article
    Providing private sector inspiration
    574 16 EDITORIAL IN returning to public service on Aug 1 as Deputy Prime Minister and Defence Minister, Tony Tan Keng Yam will indeed be putting country before self-interest. It will mean giving up, to use his own words, a "comfortable" but "challenging" life as chairman and chief
    574 words
  • WHAT THE OTHERS SAY
    • Article
      Apec: Get a move on!
      370 16 WHEN leaders of countries belonging to the AsiaPacific Economic Cooperation forum met in Indonesia last November, they produced the Bogor miracle: a plan to bring about free trade and investment in the region by 2010 for developed members, and by 2020 for other members. It
      370 words
    • Article
      A pleasant surprise
      124 16 DR TONY TAN's return to the cabinet as Deputy Prime Minister and Minister of Defence is a welcome surprise. And Singaporeans are certainly more happy than surprised by his willingness to take up the Prime Minister's offer to be a minister again. This is partly because Dr
      124 words
    • Article
      Beyond textbooks
      92 16 THE education system should look into how it can further improve the "quality" of education. This can be achieved by making appropriate changes to the focus of education so that students not only absorb knowledge from textbooks, but are also able to improve on their thinking and analytical
      92 words
    • Article
      Convincing the extremists
      103 16 THE attempted assassination of Egyptian President Hosni Mubarak in Ethiopia shows the real dangers of life in the volatile region these days. The attempt to kill the president will lend new urgency to the fight against terrorism. There can be no lasting peace in the Middle East
      103 words
    • Article
      Victory for sports
      128 16 GROWN MEN wept last weekend in South Africa. Dancing, singing crowds of black and white revellers clogged roads in most cities, waving flags of the new South Africa from packed buses. The country's extraordinary win at the Rugby World Cup had plunged the nation into ecstasy. The
      128 words
    • Article
      Inflation not unbeatable
      185 16 WITH inflation, it is better to be a bit of a wet blanket. "Better for us to be mindful when times are good," Deputy Prime Minister Anwar Ibrahim said at the launching of the Zero Inflation Day campaign yesterday. Hard experience has shown inflation to be so
      185 words
  • Article
    Multinationals sceptical of one-stop telecoms shops
    875 16 Services offered by telecoms alliances may not be what customers want IN THE latter half of last year, The Economist Intelligence Unit's Business Asia looked at the development of global alliances between telecommunications service providers and the one-stop shop services that they had just
    875 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      644 16 w J If: I' frft SINGAPORE OIL WEEK 1995 The most important event in Asia's oil calendar, the Singapore Oil Week is back In September. The focal meeting point for more than 2,000 top level executives from Asia, Australia, Europe and the USA, Singapore Oil Week 1995 is a must
      644 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      78 16 i can't-see R sirnPLe who nothing Vd jon&s BfPN TH e INT Tp *<e.s his PL£.hSuf?e RPifneß do thpn CURL JtofrV IN WNGS u r e*N*Y yfJ. N Quiej corner morning LOHP.T sirs. vac. p\ eoßeTne mp»W IS! ==s=^ Me.oughtro —-I 1 FOU.OU) my Pv mRN IJOHO eXftpopi y Loves
      78 words
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  • ANALYSIS
    • Article, Illustration
      Republic ready to steer course of world events
      992 17  -  Singapore has impeccable credentials for a seat on the UN Security Council in 2001-2002, reports Kevin Sullivan Kevin Sullivan The writer is a BT correspondent SINGAPORE'S Charge d'Affaires to the United Nations Viji Menon announced on May 19 that the republic will
      992 words
    • Article, Illustration
      Focus of disappointment and criticism in need of shake-up
      881 17 Despite flaws, the UN is of value to small states, say diplomats WITHIN a few years of the Security Council's emergence from the vetoinduced inertia of the Cold War, the United Nations as a whole and the council in particular have
      881 words
    • Article, Illustration
      Lock icon Fed good at slowing down economy but poor at reflating it
      984 17  -  The Board's 1989 transcripts offer an insight into how its policymakers behave during a turning point, reports Louis Uchitelle Louis Uchitelle NYT THE United States Federal Reserve is supposed to smooth capitalism's bumps. Its track record, however, has been
      NYT  -  984 words
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  • Article
    Lock icon US manufacturing index down for second month
    505 18 NAPM index fall conflicts with other reports suggesting strengthening economy Bloomberg Business News Reuter TEMPE, Arizona In further signs that the US economy is slowing, American manufacturing dropped for the second month in a row in June, while spending on new construction projects
    Bloomberg Business News; Reuter  -  505 words
  • Article
    Lock icon Hoechst will meet savings target: analysts
    228 18 Reuter FRANKFURT German pharmaceuticals group Hoechst AG's plans to cut 8,000 jobs worldwide as part of a revamp of its pharmaceuticals business should enable it to reach its 1 billion mark (Ssl.ol billion) annual savings target, analysts say. Hoechst said last weekend that it
    Reuter  -  228 words
  • Article, Illustration
    Tories dither on eve of leadership election
    410 18  -  From Neville Stack in LONDON EVEN on the eve of the election for leadership of Britain's ruling Conservative Party (and hence prime minister), many of the 329 MPs who will vote today were still undecided. Their dilemma is not so much who they
    410 words
  • Article
    Lock icon US to probe Kodak's claims of unfair practices by Fuji
    387 18 AP WASHINGTON United States Trade Representative Mickey Kantor yesterday said that his office would start an investigation into allegations by American photo-giant Kodak that it had lost billions of dollars in sales because of unfair trade practices under a provision
    AP  -  387 words
  • Article
    Lock icon Russia wants to reclaim foreign assets worth US$9b
    406 18 Reuter MOSCOW Russia wants to reclaim US$9 billion (5512.6 billion) worth of real estate and shares in 106 countries around the world, but proving ownership is proving difficult, a State Property Committee (GKI) official said yesterday. "The problem is to prove that
    Reuter  -  406 words
  • Article, Illustration
    Will Asia get due attention under Spanish-led EU?
    833 18  -  The Bottom Line ISLAM SHADA ISLAM SHADA The writer, a Brussels-based correspondent, contributed this article to BT SPAIN'S top officials make no bones about it: Madrid's foreign policy priority when it takes over the Europen Union "presidency" from France on July 1
    833 words
  • Article
    Lock icon Foreign investors are wrongly shunning Africa: UN report
    393 18 Reuter GENEVA Investors who have flooded into the developing world over the past decade have largely and wrongly spurned Africa, according to a United Nations report. The report, from the UN Conference on Trade and Development (Unctad), said that while foreign direct
    Reuter  -  393 words
  • Article, Illustration
    Lock icon Poland in EU, Nato
    103 18 UPI WARSAW Poland should be integrated simultaneously into both the European Union and Nato because it is senseless to separate the two processes. German Chancellor Helmut Kohl (right) told Polish TV yesterday that he would do his best to help Poland join both the European Community
    UPI  -  103 words
  • Article
    Lock icon Merger mania
    78 18 Bloomberg Business News LONDON The value of UK mergers and takeovers in the first half of 1995 exceeded all of 1994, thanks in part to the record-breaking takeover of Wellcome pic by Glaxo Holdings pic. Acquisitions Monthly yesterday said £25 billion (5555.5 billion) billion) in transactions were done
    Bloomberg Business News  -  78 words
  • Article
    Lock icon A grave offer
    76 18 Reuter ISTANBUL A Turkish newspaper is offering readers free burial plots as its tongue-in-cheek contribution to a circulation war fought with giveaways. A local newspaper in the town of Gaziantep has advertised a free grave to each reader who collects 99 daily coupons, the Anatolian news agency
    Reuter  -  76 words
  • Article
    Lock icon Bids on Nasser's life
    58 18 AFP CAIRO Former Egyptian president Gamal Abdel Nasser escaped 11 attempts on his life, 10 more than previously publicly acknowledged. General Fuad Allam, a former police expert on violent religious extremists, detailed the previously undisclosed assassination bids between 1965 and 1968 in his memoirs published on
    AFP  -  58 words
  • Article
    Lock icon Norway recalls envoy
    49 18 Reuter OSLO Norway yesterday said it was withdrawing its ambassador to Teheran because Iran refused to denounce the death edict against British author Salman Rushdie. Oslo's envoy to Teheran was recalled for consultations on Jan 16. The embassy would be staffed at charge d'affaires level. Reuter
    Reuter  -  49 words
  • Article
    Lock icon Firms that went bust
    52 18 Reuter ROME The number of Italian companies which went bankrupt in 1994 rose 6.2 per cent to 16,506 compared with 1993. The national statistics institute, Istat, yesterday said the number of declared bankruptcies among individual and unre- gistered companies fell 4.4 per cent to 3,395 against
    Reuter  -  52 words
  • Article
    Lock icon To the dog-house
    113 18 Reuter LONDON A British woman had to pay hundreds of pounds for a new door after her pet dog made an emergency telephone call to police and they smashed their way into her house with sledge hammers. Jemima, a terrier pup, playfully pulled the telephone off a
    Reuter  -  113 words
  • Page 18 Advertisements
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  • COMPANIES & MARKETS
    • Article
      Market for IPOs could pick up in second half: banks
      581 19  -  By Ven Sreenivasan SINGAPORE Merchant bankers could be in for a busy second half if their forecast of at least a dozen initial public offerings for the next six months proves right. A Business Times poll of six banks DBS
      581 words
    • Article
      IPOs — the buying, the waiting, the watching
      538 19  - IPOs the buying, the waiting, the watching HOCK LOCK SIEW -By Ven Sreenivasan SINGAPORE Subscribing for initial public offerings (IPOs) used to be a sure thing that is, if you were lucky to be one of those selected by balloting. But all that changed last year when a bearish mood
      538 words
    • Article
      S'pore Airlines tops world financial fitness survey
      360 19  -  By Rahita Elias SINGAPORE National carrier Singapore Airlines has come out tops in a global financial fitness survey of 36 airlines. According to the US-based Air Watch Report by Aviation Forecasting and Economics, SIA has an "impeccable balance sheet, outstanding cash flow and
      360 words
    • Article
      KIE subsidiary wins $23m distripark deal from Steamers Maritime
      214 19 SINGAPORE Steamers Maritime Holdings has awarded a $23 million contract to sister company Keppel Integrated Engineering to build a distripark in Singapore. Steamers said yesterday that the contract, awarded to KIE subsidiary Keppel Engineering, covered the construction of a two-storey warehouse,
      214 words
    • Article
      FCC awards building contracts for two projects
      222 19 SINGAPORE Listed First Capital Corp (FCC) has awarded the construction contracts for its Tanglin and Jurong projects. FCC said yesterday that the Tanglin contract was awarded to Guobena Sdn Bhd while the Jurong contract was awarded to Sim Lian-Guobena JV. It did not
      222 words
    • Article
      Lock icon Tanjong plans to buy 67% stake in Ampang Tower developer
      174 19 Bermama KUALA LUMPUR Tanjong Public Ltd Co said it planned to acquire a 67 per cent stake in Impian Klasik Sdn Bhd, which is developing a Ms33o million (SslB9 million) office tower. Tanjong did not mention the price it would
      Bermama  -  174 words
    • Article, Illustration
      Analysts: Market over-reacted to Genting tragedy
      337 19  -  From Ho Kay Tat in KUALA LUMPUR SHARES of blue-chip Genting Bhd and its casino arm Resorts World Bhd tumbled yesterday as investors worry about the fallout from last Friday's landslide which killed 20 people near the foot of the Genting Highlands resort. Analysts,
      337 words
    • EYE on your STOCK
      • Article, Illustration
        MARKET MOOD
        52 19 Mixed 'Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance. Barings. Credit Lyonnais Securities, Daiwa, Fraser, G K Goh, Kay Hian, Morgan Grenfell. Ong Co. Nomura. Phillip, Smith New Court. WI Can and S
        52 words
      • Article, Illustration
        HOT STOCK
        102 19  -  By Paul Leo ELECTRONIC Resources broke above resistance at 83 cents on strong volume over the last two trading days. It ended at 84.5 cents yesterday with 1.87 million units done compared to Friday's 1.31 million shares and the 10-day average of 373,000 units. It should head towards
        102 words
    • COMPANIES
      • Article
        Launch of Thai OTC market deferred
        513 20  -  Delay in approval for first crop of listed stocks From Alan Boyd in BANGKOK SECURITIES regulators in Thailand have postponed the launch of an over-the-counter stock market after a delay in approving the first listed stocks. OTC president Phibul Limprapat said yesterday the opening
        513 words
      • Article
        Lock icon Securities One probed over Karnchang IPO
        312 20 Bloomberg Business News BANGKOK The Securities Exchange Commission has made a preliminary investigation of Securities One pic because of complaints that the brokerage rigged the initial public share sale of Ch Karnchang pic, an SEC official said. "There have been many calls, but no
        Bloomberg Business News  -  312 words
      • Article, Illustration
        Lock icon Asian markets tipped to rise by year-end
        515 20 Bloomberg Business News HONGKONG Asian markets will start rising again towards the end of the year on the strength of company earnings and economies, said Graham Muirhead, director of HSBC Asset Management HK Ltd's North Asian operations. Mr Muirhead told a Bloomberg Forum
        Bloomberg Business News  -  515 words
      • Article
        Lock icon Pato Chemical to offer 3m shares in IPO
        177 20 Reuter BANGKOK Thailand's Pato Chemical Industry, an importer, producer and distributor of agricultural pesticide, yesterday said it would offer three million shares in an initial public offering. The IPO price has been set at 55 baht per share, which is equal to
        Reuter  -  177 words
      • Article
        Econ boosts Malaysian arm
        62 20 SINGAPORE Econ International's Malaysian subsidiary Econ PI Pile has increased its issued and paid-up capital from Ms 2 (SSI. 14) to MsBoo,ooo. Econ Intl has subscribed for another 599,998 ordinary shares of Msl each, which will give it 75 per cent of Econ PI Pile's enlarged
        62 words
      • Article
        Coffeemix raises stake in subsidiary
        69 20 SINGAPORE Sesdaq-listed Super Coffeemix Manufacturing has lifted its stake in Super Food Investment International from 51 per cent to 69.62. It bought 145,000 shares from Glowtec Food Industries and 125,000 shares from Shing Lee Investment for a total of $270,000. Super Coffeemix said the move
        69 words
      • Article
        SPP pumps $13m into Bored Piling
        26 20 SINGAPORE SPP has lifted the paid-up capital of its wholly owned subsidiary Bored Piling from $10 million to $23 million.
        26 words
      • Article
        Transmarco names finance chief
        18 20 SINGAPORE Transmarco has appointed Donald Chia Teo Huat group financial controller, effective June 30.
        18 words
      • Article
        Lock icon Arab-Malaysian to buy Indon broker
        32 20 Bernama KUALA LUMPUR Arab-Malaysian Securities Holdings plans to b«y 60 per cent of Indonesian stock broker PT Multidana Sekurindo for 7.38 billion rupiah (554.4 million). -r- Bernama
        Bernama  -  32 words
      • Article
        Corrections and clarifications
        47 20 IN our Company Briefs column on Saturday, First Engineering Ltd was reported to have recommended a final dividend of 3 cents per share for the year ended March 31, 1995. It should have been 0.3 cents a share. We are sorry for the error.
        47 words
      • Article
        Lock icon Sime Darby tells more about its telecom network plans
        314 20 MBT KUALA LUMPUR Sime Darby Bhd, which recently announced it will enter the telecommunications scene in Malaysia through its joint venture with US-based Air Touch Communications, has come up with more details of its proposed network. It will provide Globalstar System
        MBT  -  314 words
      • Article
        MUI property arm buys Sydney hotel for A$30m
        379 20  -  By William Chia SINGAPORE Diversified Malayan United Industries (MUI) has acquired a 211room hotel in Sydney, Australia, for As3o million (5529.76 million). MUI said yesterday that the acquisition was carried out through its listed property arm, Malayan United Manufacturing Bhd (MUM). The
        379 words
      • Article
        Pertama net earnings drop by nearly a quarter to $2.5 m
        307 20 SINGAPORE Pertama Holdings yesterday reported a 24.75 per cent drop in group net earnings to $2.46 million and a 7.95 per cent fall in sales to $207.25 million for the year to Mar 31, 1995. Earnings per share dropped
        307 words
      • Article
        Nippecraft states intention to buy UK stationery maker
        218 20  -  By Teh Hooi Ling SINGAPORE Sesdaqlisted stationery producer Nippecraft's wholly owned UK subsidiary, Debden Associates (UK) Ltd, has signed a conditional letter of intent to acquire the stationery and diary division of Harper Collins Publishers Ltd. Harper Collins is a wholly owned
        218 words
      • Article
        Untitled
        1726 20 MaMfM?' prtoas Jul 4 Sh Greater Chma Fd 096 l.OOffi m, Mcndaiu Gr Fund 1.03 1.06® Mlgapore UMt Trust US Gr Fund 1.03 1.09** The Commerce 1.36 1.63 imia n M a i aj The Savings Fund 1.30 1 39 UUtJ ASSCt 111(1 LH S pore Prog Fund 0.61 0.63
        1,726 words
      • Article, Illustration
        Lock icon Qantas share float off to a flying start
        383 21 Strong interest at home and in Asia, say organisers Reuter SYDNEY The public share offer for Australia's national carrier Qantas Airways Ltd has been officially opened, with organisers saying it has attracted strong domestic and overseas interest, including from Asia. Finance Minister
        Reuter  -  383 words
      • Article
        Lock icon Pacific Century unit launches VSAT service for HK firms
        297 21 Reuter HONGKONG Pacific Century Corporate Access Ltd, a unit of Singapore-based Pacific Century Group, has launched an international telecommunications service in Hongkong, using Very Small Aperture Terminal (VSAT) rooftop dish technology. The service was launched in Singapore last November. It is
        Reuter  -  297 words
      • Article
        Indian Oil Corp taps market for US$200m
        278 21  -  By Soh Tiang Keng SINGAPORE Indian Oil Corp is tapping US$2OO million (*****.2 million) from the international capital markets through a seven-year syndicated loan. The arrangers are getting banks from Asia, Europe and North America to take part in the deal, which bears
        278 words
      • Article
        Lock icon Risk management for HK equity options
        152 21 Reuter HONGKONG Hongkong's equity options system will use standard risk management systems, a stock exchange official said yesterday. The exchange hopes to begin trading of equity options in August, said Mark Beddis, head of the exchange's options market development division. He told a panel
        Reuter  -  152 words
      • Article
        Lock icon Li & Fung to pay no more than HK$450m for Inchcape pic unit
        358 21 Li Fung to pay no more than HK$450m for Inchcape pic unit Bloomberg Business News HONGKONG Li Fung Ltd has revised down the price it will pay for a unit of Inchcape pic. Li Fung said yesterday that it would pay no more than HKS4SO million (SSBI.I million) for Inchcape
        Bloomberg Business News  -  358 words
      • COMPANY BRIEFS
        • Article
          Lock icon Barclays phone stake to Hutchison, BAe
          74 21 Reuter LONDON Hutchison Whampoa and British Aerospace (BAe) have bought Barclays Bank's 5 per cent stake in Hutchison Telecom UK. The stake has been taken up in proportion to existing shareholdings. Hutchison now owns 68.42 per cent while British Aerospace has 31.58 per cent.
          Reuter  -  74 words
        • Article
          Lock icon Furama Hotel net profit up 35.6%
          98 21 Bloomberg Business News HONGKONG Furama Hotel Enterprises Ltd, which operates the territory's Furama Hotel, said net profit rose 35.6 per cent in the year ended March as revenue rose. Profit after taxes and payments to minority shareholders rose to HKS 162.48 million (5529.04 million)
          Bloomberg Business News  -  98 words
        • Article
          Lock icon NZ businessman Hawkins out of jail
          68 21 Reuter WELLINGTON Allan Hawkins, who built Equiticorp International pic into New Zealand's fifth largest listed company in the 1980s, was released from prison yesterday, a prison spokesman said. The company's shaky structure and lack of capital were exposed by the 1987 share market collapse
          Reuter  -  68 words
        • Article
          Lock icon Beiren chairman expected to resign
          81 21 Bloomberg Business News HONGKONG Zhu Tanlin, 64, chairman of Beiren Printing Machinery Holdings Ltd, is expected to resign following criticism by the government for pushing the Chinese state-owned printing machine company into other businesses, the Eastern Express reported. He is likely to be replaced by
          Bloomberg Business News  -  81 words
        • Article
          Lock icon Yiu Wing: Philippine power deal off
          76 21 Reuter HONGKONG Construction firm Yiu Wing International Holdings Ltd said its agreement to purchase a 40 per cent stake in China Chang Jiang Energy Corp Philippines (CJP) had lapsed. CJP, which operates a hydroelectric power plant, is wholly owned by Chinese state-run China Chang
          Reuter  -  76 words
        • Article
          Lock icon Goldfields ends below issue price
          67 21 Reuter SYDNEY The shares of Goldfields Ltd, a unit of Renison Goldfields Consolidated Ltd, started trading at A 53.15 (553.11) on the Australian Stock Exchange, 15 cents below their issue price of A 53.30. Goldfields shares, which did not trade until about four hours after
          Reuter  -  67 words
      • Article
        Lock icon Tokyo funds snap up puts to hedge against Nikkei's plunge
        568 22 Bloomberg Business News TOKYO Japan's biggest stockholders, banks and life insurers have become so fearful of falling share prices that their own pessimism is one of the market's most acute afflictions. "They're scared," says Robert Sasaki, head of equity derivatives
        Bloomberg Business News  -  568 words
      • Article
        Lock icon Four Japanese OTC shares to be delisted
        204 22 Bloomberg Business News TOKYO Japan's Securities Dealers Association will place four over-the-counter issues on its "watchlist", effectively delisting the companies, after each reported four straight years of losses. The companies include machinery agitator maker Shimazaki Mixing Equipment, financial services company Equion Co Ltd,
        Bloomberg Business News  -  204 words
      • Article
        Lock icon UK's Scottish & Newcastle posts 19% profit rise
        239 22 UK's Scottish Newcastle posts 19% profit rise Reuter LONDON British brewer Scottish Newcastle posted a 19 per cent rise in full-year profit yesterday and sounded a note of "quiet optimism" over its future. Pre-tax profit in the year to April 30 rose 19 per cent to £264 million (*****.1 million)
        Reuter  -  239 words
      • Article
        Lock icon Compaq exec apologises for racial slur remarks
        140 22 AFP NEW YORK A Compaq Computer executive has apologised for making a statement about a rival manufacturer interpreted as a slur against Chinese and Mexicans. Ross Cooley, a senior vicepresident with the world's leading personal computer maker, said his comments were not intended
        AFP  -  140 words
      • Article, Illustration
        Lock icon New system gives Indian brokers time to chat
        53 22 Reuter BOMBAY A group of brokers chatting idly in the trading ring of the Bombay Stock Exchange yesterday after the bourse introduced screen-based trading and discontinued the 120-year-old open outcry system. The trading ring was empty as brokers now deal from their
        Reuter  -  53 words
      • Article
        Lock icon Shiseido rejects order to stop price-fixing
        338 22 Cosmetics firm denies charges, heads for clash with Japan's fair trade watchdog Reuter Bloomberg Business News TOKYO Japan's largest cosmetics maker and its fair trade watchdog headed for a confrontation yesterday when the company rejected an order to stop fixing the retail prices of
        Reuter; Bloomberg Business News  -  338 words
      • Article
        Lock icon Microsoft preparing on-line alternative
        218 22 Reuter NEW YORK Microsoft Corp is working on plans to uncouple software from its controversial on-line service on its upcoming Windows 95 in case the Justice Department takes action, the Wall Street Journal reported yesterday. "We would be naive not to think through the possibilities," Microsoft
        Reuter  -  218 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon SBC finalises Warburg deal to become Europe's largest securities firm
        339 23 Bloomberg Business News LONDON Swiss Bank Corp said it completed its purchase of the investment banking business of SG Warburg Group pic, making the combined entity Europe's largest securities firm. The new company, called SBC Warburg, a division of Swiss
        Bloomberg Business News  -  339 words
      • Article
        Lock icon New law a boost for China insurance: experts
        265 23 AFP BEIJING China's new insurance law will help standardise operations in a sector that will continue to boom for many years, industry experts said yesterday, but foreign firms are still waiting for a slice of the pie. The law, which was passed
        AFP  -  265 words
      • Article
        Lock icon ADB says multi-currency loan rate at historic low
        151 23 Reuter MANILA The Asian Development Bank (ADB) said it had cut its rate for multi-cur-rency loans to 6.05 per cent per annum from 6.11 per cent, the lowest since the facility started in 1968. The bank said its dollar loan rate was
        Reuter  -  151 words
      • SMALL
        • Article
          Lock icon Huaxia Bank completing revamp soon
          76 23 Bloomberg Business News SHANGHAI Huaxia Bank, set up by China's biggest steel manufacturer Shougang Corp, will finish restructuring this month, the Shanghai Securities News reports. Liu Haiqin, the bank's vice-president, said its registered capital will be increased to 3 billion yuan (SSSOI million). No existing
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Belgium bank in venture with HK firm
          93 23 Bloomberg Business News HONGKONG Generale de Banque SA, Belgium's largest bank, will link up with Grand Resources Holdings, a Hongkong finance company owned by Guangdong Development Bank, to set up a brokerage and asset management firm, the South China Morning Post reported. Grand
          Bloomberg Business News  -  93 words
        • Article
          Lock icon Swire unit's management deal
          74 23 Reuter HONGKONG Wing Hang Bank Ltd's 65 per cent owned London Pacific Insurance Co (Hongkong) Ltd, has entered into a management agreement with Swire Insurance Ltd. Swire Insurance, an indirectly wholly-owned unit of Swire Pacific Ltd, has been appointed to manage Wing Hang Swire's insurance business.
          Reuter  -  74 words
        • Article
          Lock icon Romanian branch for Pakistani bank
          73 23 AFP KARACHI Pakistani private Muslim Commercial Bank (MCB) will open a branch in Bucharest by the end of 1995 to promote trade with Romania and other eastern European countries, officials said yesterday. This will be the first branch of a Pakistani bank in eastern Europe,
          AFP  -  73 words
        • Article
          Corrections & clarifications
          35 23 Corrections clarifications IN our monthly Singapore government stocks quotation table published yesterday, the price of the stock which matures on June 15, 1999, should be $114.50 and not $14.50. We are sorry for the error.
          35 words
      • Article
        HK fund manager launches US$250m fund
        300 23  -  By Shiv Taneja SINGAPORE Hongkongbased investment manager HSBC Private Equity Management has set up a fund that invests in unlisted companies in South-east Asia and China. The fund, HSBC Private Equity Fund LP, has raised US$25O million (***** million) from 24 institutions, including 15
        300 words
      • Article, Illustration
        Lock icon Credit Lyonnais expects to near break-even in 1995
        311 23 Bloomberg Business News PARIS Credit Lyonnais chairman Jean Peyrelevade yesterday said he expects the troubled French commercial bank to come close to breaking even in 1995. Three months ago he predicted a small profit. Asked in an interview with French radio station
        Bloomberg Business News  -  311 words
      • Article
        Rubber prices dive on panic selling by Thais
        383 24  -  By Siow Li Sen SINGAPORE Rubber prices plunged yesterday on panic selling by Thai traders reacting to the change in government, rubber traders and brokers said in Singapore. Thai planters had earlier held back from selling although Indonesian and Malaysian rubber prices
        383 words
      • Article
        Lock icon M'sian tin shipments to Europe to rise this month
        119 24 KnightRidder KUALA LUMPUR Arrivals of Malaysian tin in Europe will rise in the middle of this month, following heavier-than-usual shipments last month, Malaysian smelting firm sources said. During the third week of June, about 1,000 tonnes of tin were shipped from
        Knight- Ridder  -  119 words
      • Article
        Lock icon Japan's Pacific Finance weighing wind-up
        340 24 Reuter TOKYO Pacific Finance, an ailing non-banking financial institution based in Osaka with debts over 80 billion yen (S$ 1.31 billion) is considering voluntary liquidation, financial industry sources close to the institution said. A spokesman at Pacific Finance, however, said the firm "*has no comment.
        Reuter  -  340 words
      • Article
        Lock icon Aussie bonds bounced back in 2nd qtr
        534 24 Bloomberg Business News SYDNEY Australian bonds rallied in the second quarter, slicing a percentage point off yields and holding investors' returns in the black after the negative returns of 1994. A rally in US Treasuries was the catalyst here, as expectations mounted that
        Bloomberg Business News  -  534 words
      • Article, Illustration
        Lock icon ICCO sees cocoa prices rising 20% this year
        621 24 Reuter DOUALA, Cameroon Nominal world cocoa prices are expected to rise about 20 per cent in 1995-96 and by almost a third by the year 2000 as current low prices cause production deficits, the International Cocoa Organisation says. The ICCO also said
        Reuter  -  621 words
      • Article
        Lock icon Vietnam pepper export market picks up
        133 24 Reuter HO CHI MINH CITY Vietnam's black pepper export market picked up late last week and about 400 tonnes were contracted for shipment in the first half of July, traders said here yesterday. Prices were between U552,300 and U552,350 per tonne FOB Saigon port,
        Reuter  -  133 words
      • Article
        Lock icon Manila to import rice as prices soar
        374 24 Food authority says it is having tough time sourcing rice needs Reuter MANILA The Philippines is to begin importing rice from its Asian neighbours to counter soaring local prices in its public markets resulting from a supply gap. Imports of 170,000 tonnes are
        Reuter  -  374 words
      • Article
        Lock icon Oil prices hardly budge as US takes holiday
        284 24 ENERGY REPORT Reuter LONDON Oil prices hardly moved yesterday, with markets closed in the US yesterday and today for the Independence Day holiday there. On the International Petroleum Exchange here, bellwether North Sea Brent crude oil for August delivery was down one
        Reuter  -  284 words
      • Article
        Lock icon New York
        95 24 AFP NEW YORK With the exception of the yen, the dollar was falling slightly against all major currencies amid light trading here yesterday, as numerous brokers took an early break for Independence Day. At around 1420 GMT, the dollar traded at 1.3804 marks, compared with 1.3827 late Friday,
        AFP  -  95 words
      • Article
        Lock icon Currency Reports: London
        200 24 Reuter LONDON The dollar remained glued to early levels in lethargic European trading as today's US holiday and the advent of the Federal Open Market Committee meeting kept volumes to a minimum. With US dealing rooms likely to be on skeleton staff due to the Independence Day
        Reuter  -  200 words
      • Article, Illustration
        Untitled
        1621 24 liadexetfhied index cakuiated attamst Spurr's tup 14 trading partners Haw year I9SS US$/S$ forward rates Noon /Jul 3 SS Bid Offer 1-month 1.3914 I 3929 2-month 1.3874 1 3889 3-month ***** 1.3849 6-month 1.371 J IJ73S Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9aa m M 3 Singapore dollars
        1,621 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars little changed in quiet trade
        1366 25 Reuter SINGAPORE Simex Eurodollars ended little changed in quiet trade ahead of a national holiday in the US today. Euroyen futures were steady. Sentiment was mixed for Eurodollars ahead of the Federal Open Market Committee meeting tomorrow and Thursday. The market tried higher levels
        Reuter  -  1,366 words
      • Article
        Tin touches 5-month high at M$516.26
        672 25 COMMODITY REPORTS KLTin TIN price on the KLTM rose to a five-month high of MS 16.26 per kg, up seven sen from Friday, mainly due to better advices from London and to depleting worldwide stocks. Dealers said the higher close on the LME, which
        672 words
      • Article
        Cotton prices expected to fall
        85 25 WASHINGTON World cotton production in 1996-97 is forecast to exceed world consumption by 960,000 tonnes, leading to higher stocks and lower average world cotton prices, the International Cotton Advisory Committee said yesterday. The committee sees the industry benchmark Cotiook A Index for prices falling to
        85 words
      • Article
        Saudi Arabia to buy 1m tonnes barley
        70 25 HAMBURG Saudi Arabia is seeking offers this week to buy optional-origin barley, traders said. Exporters said they expected the country to buy at least one million tonnes, and possibly up to 1.2 million or even 1.5 million tonnes. The barley is for shipment
        70 words
      • Article
        India producing more white sugar
        97 25 NEW DELHI India's white sugar production during Oct-May the first eight months of the current 1994-95 (Oct-Sep) season was 13.91 million tonnes versus 9.51 million a year earlier. The National Federation of Cooperative Sugar Factories Ltd and the Indian Sugar Mills Association issued the data
        97 words
      • Article
        S Korea importing less crude oil
        65 25 SEOUL South Korea's crude oil imports are seen down considerably this month from the previous month as the local oil refiners advanced tlapr imports prior to the July 1 hike in import tax. South Korean refiners plan to import 34.256 million barrels of crude
        65 words
    • Article
      COMMODITY PRICES
      1437 25 SICOM Futures (Mam dasiag as at S.Mpai) RSS 1 Caaliatl (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 95 201.SO 199.00 199.00 250 2425 Sep 19(50 197.00 197.00 325 1950 Oct 196.00 192.00 192.50 325 2275 Nov 196.00 192.00 192.50 325 2275 Dec 196
      1,437 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        995 26 -13.7 SHARES closed 0.6 per cent lower yesterday following Friday's record current account deficit figure here and a lack of direction from overseas. "Basically it's a hangover from last Friday's current account figure." a trader said. The All Ordinaries Index fell 13.7 points to 2,003.3. The All Industrials dropped
        995 words
      • Article
        Manila
        628 26 1.84 Share prices closed marginally higher with an impending domestic oil price rise tempering investor interest. "Investors are worried the oil price increase will eventually pull inflation and interest rates up," a dealer said. The PSE Index gained 1.84 points to 2,768. 29. Turnover was 3.91 billion shares valued
        628 words
      • Article
        Taipei
        551 26 -132.03 Stocks finished 2.4 per cent lower on worries over soured relations across the Taiwan Strait, with all eight major categories of shares suffering losses. "China's large-scale military exercises and rejection of Taiwan's offer to hold another round of high-level talks have heightened investor worries over soured ties between
        551 words
      • Article
        Seoul
        502 26 +4.51 Stock prices maintained their upswing for the fifth consecutive trading day yesterday, with continued buying supported by foreign investments. "Foreigners seeking bargains to fill up the 15 per cent ownership ceiling per stock contributed to the rally," said a dealer. The Composite Price Index posted a 4.51-point gain
        502 words
      • Article
        New Zealand
        304 26 +20.11 Shares rose, led by Telecom, after the company said it intends to buy a 25 per cent stake in the local pay TV operator from its major shareholders. The purchase, from US phone companies Bell Atlantic Corp and Ameritech Corp, was for an undisclosed sum and is
        304 words
      • Article
        Bombay
        93 26 -64.66 Shares finished lower and the blue-chip BSE 30-share Index lost 64.66 points to 3,182.70. "The market will go down further. It could even test the 3,000 level but there will be support at that level," said a dealer. "It seems to be a foregone conclusion that the rains
        93 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        848 26 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit *****0 M 6500 Mini Jcney Oil .0.189 J 0 1992 Mim Mai Income *0 9000 ****** USSCMJI Income Plus Fund 10 5200 11 0100 PS S Reserve Fund 5 J200 S 5300 S4er1i«f b)ai) Euro Performance ***** 0 4931 Far East
        848 words
      • Article
        London
        690 26 +9.3 SHARES closed higher yesterday, drifting in thin trade ahead of the Conservative leadership vote today. The FTSE 100-share Index closed at 3,323.9, up 9.3 points. Volume was 379.7 million shares. Analysts said the market saw little determined buying and selling and simply followed a mildly stronger futures market
        690 words
      • Article
        Paris
        158 26 +20.86 French shares closed higher, buoyed by signs that the Bank of France is preparing to ease its grip on interest rates, dealers said. However, volume was extremely light. Rate-sensitive shares in financial groups led the gains after Bank of France governor Jean-Claude Trichet was quoted by Le Monde
        158 words
      • Article
        Frankfurt
        216 26 +8.33 German stocks closed mixed as a gain in chemicals and engineering issues offset declining bank stocks. After falling early in the day amid reports that carmaker Daimler-Benz could face a charge of as much as three billion marks on exchange rate losses, the DAX Index closed up 8.33
        216 words
      • Article
        Brussels
        187 26 1.46 Belgian stocks closed mixed with Company Gene rale de Belgique SA rising on speculation it may strengthen ties with its parent, Compagnie The Bel2o Index rose 1.46 points to 1,433.33. Seven stocks rose and nine fell. Generale, Belgium's biggest holding company, led the advance, rising 40 to 2,070
        187 words
      • Article
        Milan
        124 26 •21 Italian shares eased in tiny volumes, with most people sidelined waiting for fresh political developments. The Mibtel Index ended off 21 points to 9,757. Turnover was 236 billion. "The one comfort is that other bourses are also quiet quieter than this you can't get," a dealer said. Milan
        124 words
      • Article
        Amsterdam
        258 26 +2.23 Dutch stocks posted their biggest one-day gain in two weeks as optimism over corporate earnings sent Philips Electronics NV to a new record high. The EOE Index rose 2.23 points to 434.61, its biggest one-day gain since June 19, when the index rose 0.63 per cent. Philips rose
        258 words
      • Article
        Stockholm
        155 26 11.84 Swedish stocks rose after rising bonds and foreign investor interest for drugmaker Astra AB spurred a surge in the benchmark OMX Index to breach 1,300 for the first time. The yield on the benchmark 6 per cent government bond due 2005 fell to 10.98 per cent from 11.01
        155 words
      • Article
        Zurich
        267 26 1.7 Swiss shares ended a quiet day little changed. Dealers said the market lacked factors to trade on and an easier CONF future weighed on sentiment The broad SPI Index closed down 1.78 points to 1,864.75. The blue-chip SMI Index ended up 1.7 to 2,827. Roche, 10 Swiss francs
        267 words
      • Article
        Johannesburg
        330 26 -31.3 South African shares fell in quiet trade, with dealers seeing the bearish trend continuing until fresh factors emerged. Dealers said last week's interest rate hike and poor money supply and trade data for May was still being digested and labour problems were still prominent in the minds of
        330 words
      • Article
        New York
        754 26 10.38 Stock prices turned modestly higher in light and quiet trading as the market started out the third quarter with an upside bias amid stability in bonds and the dollar. Stock exchanges will close early at Ipm EDT and remain closed today for the Fourth of July holiday.
        754 words
    • Article, Illustration
      Lock icon HONGKONG
      2596 27 Bloomberg Business News HONGKONG Stocks dropped amid growing doubt that the Federal Reserve will lower interest rates this week. Bank stocks and property-relat-ed issues which have the most to gain from easier credit paced the decline. Many investors who were hoping that lower US rates would pave the way
      Bloomberg Business News; Source: Bridge Info  -  2,596 words
    • Article, Illustration
      Lock icon CHINA
      577 27 CLSA IN Hongkong, the H share index lost 13.10 points to 1,113.58 on turnover of HK54.85 million. Maanshan Steel and Qingling Motor lost 3.7 per cent and 3.8 per cent respectively, while Zhenhai Refining surged 2.7 per cent. In Shanghai, the B shares ended down 0.1 per cent on
      CLSA  -  577 words
    • Article, Illustration
      Lock icon TOKYO
      2515 27 Bloomberg Business News TOKYO Stocks fell to nearly a three-year low amid concern that sluggish economic growth will squeeze the profit at Japanese companies. "No one is quite sure about the economy right now," said a dealer. "It is too early to tell whether we are headed for recovery
      Bloomberg Business News; Source: Bridge Info  -  2,515 words
    • Article, Illustration
      Lock icon BANGKOK
      1542 27 Reuter BANGKOK Stocks fell on concern that the Chart Thai Party, which will lead a new six-party coalition, lacked support in the capital and had an image problem. The SET Composite Index fell 14.68 points to 1,380.09. A total of 69.5 million shares worth S.O billion baht changed hands.
      Reuter; Source: Bridge Info  -  1,542 words
    • Article, Illustration
      Lock icon JAKARTA
      1156 27 Reuter JAKARTA Share prices closed mixed in moderate trading on selling of blue chips Indocement ana Indofood despite shareholders' approval for a 1.41 trillion rupiah deal between the two large companies. The Composite Index fell 0.47 points to close at 491.55. Indofood bought Bogasari flour mills for 1.41 trillion
      Reuter; Source: Bridge Info  -  1,156 words
    • Article
      CLOB INTERNATIONAL
      2351 28 Gr Gr IMS Lax Vol Day Last Qwtfe Dt* Oi» VM Net M Cap High Low Company Sale 000) High Law Bayer Seller C*r r/E Smll MALAYSIAN STOCKS 478 1% m A1SB 50c 366 -6 171 370 366 366 368 3.0 -2.9 0.2 375.4 127 77.5 m AMDB
      2,351 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks hit six-week low, led by Genting group
        6863 28 Bloomberg Business News KUALA LUMPUR Stocks fell to a six-week low, led by declines in Genting and its operating company Resorts World after landslides on Friday on a highway to the casino left 21 people dead. The tragedy put out of commission
        Bloomberg Business News; Source: Bridge Info  -  6,863 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8412 29 IMS Laal Vol Day Last Quote Mi M< VU Nd Cap Ai* Hfcfc Low CMfaay Salt COM) High Law B«)tr Seller Cn P/E Sail Prk* INDUSTRIAL AND COMMERCIAL 488 382 XI i Aetna 50c 446 id +2 108 448 446 444 446 22 5 5 8 2 5 9.J 614.8
        8,412 words
      • Article, Illustration
        Lock icon Turnover falls 35% as players await Fed meeting
        1834 30  -  By Paul Leo SINGAPORE Situational stocks yesterday added some colour to an otherwise listless market affected by factors across the Atlantic as well as those closer to home. The Straits Times Industrials Index edged up 0.84 point to 2,094.05. It was an
        Charts by Bridge Info; Source: Bloomberg  -  1,834 words
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      219 19 NEWS VALUE KLSE revises rules en commission, foreign brokers feel little cheer (pg 1) Foreign brokers may have to lobby harder for further concessions. Chart Thai puts together six-member coalition to form next govt (pg 1) Stock market likely to continue its wait-and-see attitude. Tokyo shares sink to 34-month loirs
      219 words
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      738 22 A (J3 INDUSTRIAL BANK OF KOREA (Singapore Branch) BALANCE SHEET STATEMENTS OF EARNINGS For the years andad December 31,1994 and 1993 For the years ended December 31,1994 and 1993 1994 1993 1994 1993 (In Million) (In Million) (In Million) (I" Million) Won Won Won Won Assets Revenues Cash and due
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      48 24 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, cal Customer Services Section on and ask tor home or office delivery service.
      48 words
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      288 25 I HFSline ENGLISH NUMBER Children's Funland: The im Red Hen 910 0001 UsborneT Puzzle Adventures 910 0002 No Way Out) Horse Racing Results 911 0001* 4D/Sweep/TOtO: Toto Draw No 987; Win Prizes! 911 0002* Tele-Games 911-0003 Crack The Safe Mrs Wizard's Crystal BaH 11 Mensa Line 911 0004 Puzzles In
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      Page 25 Advertisements Column 2
      20 25 As and when the latest London/ Rotterdam prices are not arai)ablcs*V the prerions trading day's dosing figures are carried instead.
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      Page 30 Advertisements Column 2
      156 30 USS 70,000,000 Negotiable United States Dollar Floating Rate Certificate of Deposit Dae June, 1998/2000 KOREA INTERNATIONAL MERCHANT BANK In accordance with the provisions of the certificates, notice is hereby given that for the six-month interest period from 27 June, 1995 to 27 December, 1995 the certificates will carry an Interest
      156 words
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      Page 30 Advertisements Column 3
      167 30 Singapore Closing Shar* Pricos 03/07/1996 clom mmr low mm um ml uat utt iMMy JKm M—i 7JI T.M 7.10 lA* r *****1 s.lO in *.io ia LXfiKJ N™ OJI ojt «j« Mrs SBSfIS Hm|tm LM< tji tjt ia* rnuiiiimn mii i linn om i.oo m* am a—mm —<i—mo m* mm
      167 words
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      Page 30 Advertisements Column 4
      257 30 M THE MATTER OF THE COMPAMES ACT. CAP. SO AND M THE MATTER OF GOLDEN LAND NIVESTMENT NOTICE IS HEREBY GIVEN, pursuant to Sactlon 306 of Ma Companioe Act. Cap. 50. MM HnN Meeting of the members of the abovanamad Company be held at 100 Beach Roed #25-06 ShaarTwmrs Singapore
      257 words