The Business Times, 15 July 1995
1995-07-15
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The Business Times
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Title Section13 1995-07-15 1 Business Times MITA(P) 194/12/94 Weekend Edition, July 15-16 1995 WE KNOW ASIA 85*13 words
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682 1995-07-15 1 Agnes Wee - By Agnes Wee SINGAPORE Some hotels are enjoying full or nearly-full occupancy this week, and indications are that it is the Great Singapore Sale that is packing them in. Hesitant as the hotels are to attribute the high occupancy to the682 words
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665 1995-07-15 1 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR A TOTAL of 450 million shares of Petronas Gas Bhd will be offered for sale to the public at MS5.30 each, with trading on the Kuala Lumpur Stock Exchange likely to begin665 words
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Article170 1995-07-15 1 Stock market indices Friday Change STII 2,188.34 +8.55 KLSE Comp 1,074.17 +0.86 Nikkei 16,517.70 +12.03 Hang Seng 9,727.96 -14.48 SET Index 1,461.01 +4.70 Jakarta Comp 508.26 -1.28 Manila Comp 2,882.14 -18.64 Taipei WPI 5,549.7 -43.3 Seoul Comp 972.02 -5.27 Bombay BSE30 ..3,331.98 +44.45 CLSA China B 794.75 +7.39170 words
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Article, Illustration210 1995-07-15 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Banker Wee Cho Yaw was named Asean Businessman of the Year last night by the Asean Business Forum, a networking group of some of the region's Who's Who in business. Mr Wee, chairman of the UnitedPhoto by George Gascon - 210 words
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146 1995-07-15 1 WP-LAT WASHINGTON The US Central Intelligence Agency (CIA) has concluded that its agent a close relative of a top official of a rival political party fabricated information on Thai businessman-poli-tician Narong Wongwan to accuse him of involvement in heroin trafficking, theWP-LAT - 146 words
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2am LATEST
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Article48 1995-07-15 1 Reuter NEW YORK Stocks fell yesterday on news of stronger-than-expected retail sales last month. Just after 2pm EDT, the Dow Jones was off 25.52 points at 4,701.77. At Ipm EDT, falls led rises two to one on a volume of 190 million shares. ReuterReuter - 48 words
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Article471 1995-07-15 1 Conrad Raj - Speculation rife of Teng Fong breaching 25% trigger point By Conrad Raj SINGAPORE Speculation that property tycoon Ng Teng Fong has bought enough Yeo Hiap Seng Ltd (YHS) shares to trigger a counter-bid for the food and beverage manufacturer drove its share price to an471 words
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Page 1 Advertisements
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Advertisement44 1995-07-15 1 Lifestyle Cover Story: el i Retailers home in on furnishings IPmL '"*2 The big designer bargain hunt Jira A special full-page M guide to help you v find the best bargains r* 7 1 el3 Wah Chang buys into Philippine tourist resorts, Pg 344 words
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Advertisement17 1995-07-15 1 IPO: el 5 Mayfran: A well-tailored issue Top businessmen to suggest ways to boost cooperation, Pg 217 words
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Advertisement13 1995-07-15 1 Hock Lock Siew: pg 5 Is FCC trying to take over 8 BJ13 words
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Advertisement211 1995-07-15 1 /{<<'>()"%__\,'%;/~_{\_)$?):~`^ Retailing: el 3 S/ Singapore's shopping event of the year /7) Dcptiis 1775 Knots TO HISTORY A5 THE PRINCE OF HOROLOGISTS, A.-L. BREGL'ET (1/47 1823) GAVE THE WORLD THE SHOCK-PROTECTED TATCH AND THE TOURBILLON DEVICE FOR INSTANCE. HE EVEN PERFECTED THE SELF-WINDING MOVEMENT. TODAY STILL, EVERY TRULY FINE VATCH211 words
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SINGAPORE NEWS
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438 1995-07-15 2 Abdul Hadhi - By Abdul Hadhi THE Urban Redevelopment Authority has advised developers and owners considering en bloc transactions to seek its guidance instead of relying solely on Development Guide Plans. The move was prompted by the Cosy Mansions case, in which developer438 words
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Article, Illustration292 1995-07-15 2 Jenny Lam - By Jenny Lam TRADE and Industry Minister Yeo Cheow Tong yesterday called on Singapore retailers to differentiate themselves, upgrade service levels and provide consumers with a memorable and satisfying shopping experience. Speaking at the launch of the second Great Singapore Sale, at thePhoto by Chris Loh - 292 words
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382 1995-07-15 2 A 20-KILOMETRE north-east MRT line will cost $5 billion and take almost seven years to build. These were the findings of a feasibility study undertaken by the Mass Rapid Transit Corp. The Ministry of Communications had asked MRTC in382 words
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567 1995-07-15 2 Soh Hang Keng - Delia Maga controversy By Soh Hang Keng THE THREE independent US experts who examined the remains of Filipino maid Della Maga have unanimously upheld the findings of the Singapore pathologists that she died solely from strangulation. The American forensic experts said in Washington yesterday that567 words
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473 1995-07-15 2 Yang Razali Kassim - By Yang Razali Kassim INDONESIA's President Suharto will join Prime Minister Goh Chok Tong in Singapore on Sep 21 to kick off a rare joint exhibition economic and industrial growth of their two countries since independence. Called the Indonesia-Singa-pore Exhibition (ISE), it will473 words
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152 1995-07-15 2 COMPANY chiefs will be doing the Great Singapore Workout at the Padang on Aug 27, the day this year's National Healthy Lifestyle Campaign takes off. They, together with MPs and about 30,000 people, will take the lead from Prime Minister Goh152 words
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377 1995-07-15 2 Chuang Peck Ming - Asean Achievement Awards By Chuang Peck Ming ASEAN Business Forum, a networking group of the region's top businessmen, is expected to offer "practical" proposals for Asean heads of state to ponder when they meet in December to discuss ways to advance377 words
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Article, Illustration353 1995-07-15 2 Shahiron Sahari - By Shahiron Sahari A SENSE of realism set in at the second Magic Millions Sale yesterday, with thoroughbreds being auctioned at "fairer" prices than at last year's inaugural event. The highest bid this year for Lot 19, a chestnut colt by Kcnmare out ofPhoto by Arthur Lee - 353 words
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170 1995-07-15 2 PRIVATE builders were urged yesterday to make more use of prefabrication technology to cut labour costs, reduce waste of materials and improve quality. Minister for National Development Lim Hng Kiang said: "The HDB has been using prefabricated building components for many170 words
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249 1995-07-15 2 US-BASED Harris Semiconductor yesterday opened its new design and technical support centre at Tannery Lane, and said there are plans to expand its regional operations to meet rising demand. The centre, with a staff of about 25, has engineers, specialists in systems and applications,249 words
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THE REGION
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503 1995-07-15 3 Reuter, Bloomberg Business News TOKYO Corporate Japan has suffered a rising tide of bankruptcies this year and there is a strong risk that the weak economy will increase the rate of business failures, a private research company said yesterday. The firstReuter,; Bloomberg Business News - 503 words
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336 1995-07-15 3 AFP TOKYO Japan's Socialist premier Tomiichi Murayama is locked in a desperate campaigning battle ahead of next week's national polls, with experts warning that his party looks set to suffer a major electoral defeat. As the 23 parties and 560 candidates contesting theAFP - 336 words
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186 1995-07-15 3 NST JOHOR BARU The Johor government plans to impose stricter conditions for the sale of houses in Johor to foreigners, Mentri Besar Abdul Ghani Othman told the State Assembly yesterday. He said this was necessary to protect local interests and to meet theNST - 186 words
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284 1995-07-15 3 Reuter TOKYO Japan's Finance Ministry, faced with growing worries about the nation's economy and banking system, has quietly launched a campaign to allay foreign fears that a financial crisis is at hand. "One thing is clear within both the finance ministry and the JapaneseReuter - 284 words
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Article, Illustration54 1995-07-15 3 Reuter HANOI A showroom cleaner dusting a car displayed at the first Chrysler showroom in Hanoi just before it opened for its first day of business yesterday. Chrysler has applied for a licence to set up a U*****.5 million (*****.3 million) plant to makeReuter - 54 words
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261 1995-07-15 3 AFP TOKYO A record 2.95 million Japanese plan to travel abroad this month and next, encouraged by the strong yen, Japan Travel Bureau Inc (JTB) officials said yesterday. JTB also attributed the rise to the opening of Kansai International Airport, which effectively doubledAFP - 261 words
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259 1995-07-15 3 AFP BEIJING China and Vietnam are to begin bilateral talks on the issue of territorial waters around the hotly disputed Spratly Islands in the South China Sea, Xinhua news agency reported yesterday. The move was agreed during the third round ofAFP - 259 words
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177 1995-07-15 3 Reuter BEIJING China's trade surplus ballooned to US$l3.lB billion (5518.5 billion) in the first half of 1995 but is expected to slip in the second halt to US$lO billion for the whole year, analysts and the state media said yesterday. Analysts attributedReuter - 177 words
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NOTE BOOK
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88 1995-07-15 3 Bloomberg Business News BANGKOK Bodi Chunnanon, budget director of the Budget Bureau, will be finance minister in the new government. Business Day reported. Mr Bodi, 59, has headed the department since 1983, except for 1992-93, when he was secretary to the cabinet. HeBloomberg Business News - 88 words
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75 1995-07-15 3 AFP KUALA LUMPUR Malaysia's industrial output in the five months to May rose 14.5 per cent from a year earlier, the statistics department said yesterday. The increase was higher than the 11.3 per cent growth in the same period last year. Manufacturing output rose 15.3AFP - 75 words
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81 1995-07-15 3 AFP TOKYO Japan will set up a new panel to review its diplomacy with Asian countries in a series of efforts to mark the 50th anniversary of the end of World War 11, Jiji Press said yesterday. The panel will be launched in September,AFP - 81 words
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64 1995-07-15 3 Reuter MANILA Japanese investors are relocating and expanding in the Philippines because of the country's trade liberalisation programme and the yen's continued appreciation against the dollar, Philippine Trade and Industry Secretary Rizalino Navarro and Foreign Affairs Secretary Domingo Siazon said. The trade liberalisation programme also givesReuter - 64 words
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54 1995-07-15 3 Reuter TAIPEI The Taiwan Electrical and Electronics Manufacturers' Association (Teema) said it will spend NT$2 billion (Sslo6 million) to form an investment holding firm by the year's end, to help Taiwan companies enter China. Over 4,300 companies in Teema are expected to invest and participateReuter - 54 words
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Article40 1995-07-15 3 Bernama KUALA LUMPUR The government yesterday extended from three to five years, the validity period of work pass for foreign workers in four sectors short of labour the construction, manufacturing, hotel and restaurant sectors. BemamaBernama - 40 words
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84 1995-07-15 3 Reuter BEIJING Almost a quarter of all Chinese will be urban dwellers by the year 2000 and Beijing will need to build 102 new towns and cities to accommodate them, the China Business Times said yesterday. This was part of a governmentReuter - 84 words
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Article76 1995-07-15 3 AFP NEW DELHI The Supreme Court yesterday ordered India's chief election commissioner, T N Seshan, to share his powers with two officers whose appointment he challenged two years ago. In his verdict. Chief Justice A M Ahmedi said: "Many a time (Mr Seshan's) public utterancesAFP - 76 words
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350 1995-07-15 3 Al Labita - From Al Labita in MANILA MANILA The Singaporean Wah Chang Group has acquired stakes in two Philippine resorts. It now owns 30 per cent of a 20-hectare beach property and 40 per cent of a 10-hect-are mountain resort, both in350 words
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292 1995-07-15 3 Reuter JAKARTA Investors have shown interest in a Mass Rapid Transport (MRT) system for overcrowded Jakarta but none has given a firm commitment, the official Antara news agency said yesterday. "There are a few who have shown interest in building the MRT but dueReuter - 292 words
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Page 3 Miscellaneous
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Miscellaneous368 1995-07-15 3 1 v riiTPnf rnnft<wnnn 28 after break a 29 unsophisticated, their sporting activity (7) YESTERDAY'S SOLUTION that's Rosemary! (9) 15 Taking exceptional care in mm m U nniani public to appear excessively moved (9) MbU i MwU i ■bMrmnU 2 A pirate shanty with ribald- 16 Beast seen round those368 words
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REGION/WORLD
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563 1995-07-15 4 IHT PARIS Proclaiming the start of an "extremely rocky" new era in global trade relations, a top US policymaker said on Thursday the United States would act independently on trade issues when necessary rather than wait years for multilateralIHT - 563 words
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Article298 1995-07-15 4 Bloomberg Business News AFP, TOKYO Japan and the United States decided yesterday to extend their aviation talks here into the weekend, after failing to narrow their differences over an air cargo dispute in two days of negotiations. "We have found absolutely nothing that wouldBloomberg Business News; AFP, - 298 words
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130 1995-07-15 4 AP WASHINGTON America's largest and most politically powerful medical organisation said yesterday that "the US public has been duped by the tobacco industry" for more than 30 years, and called for "the removal of this scourge from our nation". In an editorial in theAP - 130 words
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Article1499 1995-07-15 4 AIRCRAFT ARRIVALS DEPARTURES CNy f*f* ETA FlifM Ill kUUHt Qf81 1930 Qf82 2055 rimmiii RJ187 0130 JUntartMi SQ25 1215 GA890 0205 KL837 1450 KL838 2300 SQ324 2330 flrrWr- 1 NZ21 1735 NZ22 1920 SQ286 2040 IStriBtpwai BI421 1105 SQ182 0915 SQ181 1410 Bt422 1210 BI427 1720 BI428 1820 had—g MZ9061,499 words
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Article, Illustration45 1995-07-15 4 Reuter TITUSVILLE, Florida Spectators on a dock here looking on as space shuttle Discotery lifted off from the Kennedy Space Centre on Thursday. The craft carried a crew of five and a Tracking and Data Relay satellite on an eight-day mission. ReuterReuter - 45 words
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367 1995-07-15 4 Kissinger also warns Congress that US and China are on collision course AP, AFP WASHINGTON Asian nations view American leaders as "increasingly unpredictable", former United States Secretary of State Henry Kissinger warned Congress on Thursday. "I want to warn against the dangerous argument" thatAP,; AFP - 367 words
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281 1995-07-15 4 Reuter ZURICH Asian countries continued to attract capital from the world's major industrialised nations in 1994, when international lending rose by 6 per cent, the Bank for International Settlements said yesterday. BIS also said in its semi-an-nual report onReuter - 281 words
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236 1995-07-15 4 Bloomberg Business News WASHINGTON Consumer prices rose 0.1 per cent during June, the smallest increase since November, suggesting that inflation remains at bay even as the US economy shows signs of renewed strength reflected in boosts in retail sales and industrial production.Bloomberg Business News - 236 words
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182 1995-07-15 4 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE McDonald's Singapore and McDonald's Corp in the US have joined forces to open the chain's first restaurant in Wuhan, Hubei. The restaurant, which opens today, will be the first of many in this part of China and McDonald's Singapore is182 words
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WORLD IN ABOX
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Article68 1995-07-15 4 Reuter WASHINGTON The United States Federal Aviation Administration and 11 airlines will establish a consortium to develop the framework for a worldwide telecommunications network, the FAA said on Thursday. It said the Aeronautical Telecommunications Network would allow airlines and other airspace system users to communicate rapidly andReuter - 68 words
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Article104 1995-07-15 4 AFP MUNICH Siemens yesterday signed a contract here for a US$6OO million (SSB34 million) coal-fired power station in China, plus another contract for the generating stations elsewhere in the country. The contracts follow the signature in Bonn on Thursday of a Siemens contract for a ShanghaiAFP - 104 words
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Article120 1995-07-15 4 Reuter BEIJING Almost a quarter of all Chinese will be urban dwellers by the year 2000 and Beijing will need to build 102 new towns and cities to accommodate them, the China Business Times said yesterday. The forecast was part of a plan drawn up by theReuter - 120 words
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Article77 1995-07-15 4 AP MOSCOW Russia could face a wave of strikes and social unrest over the mounting back wages that companies owe their workers, newspapers warned yesterday. The daily Trud newspaper said 12 million Russians, or nearly every fifth worker, have not been paid on time. About one-third of themAP - 77 words
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Article92 1995-07-15 4 AFP PARIS World powers were involved in hasty consultations yesterday on whether to intervene in Bosnia after France stepped up the pressure by delivering a 48-hour ultimatum demanding that its allies take action or face the consequences. Issuing the ultimatum yesterday, French Defence Minister Charles Millon said theAFP - 92 words
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COMPANIES & MARKETS
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365 1995-07-15 5 Claire Leow - By Claire Leow SINGAPORE CSA Holdings is making a second bid to list its Malaysian subsidiary. Computer Systems Advisers (M) Sdn Bhd. The company has agreed to sell 40 per cent of the subsidiary to bumiputra firm Elite Vista Sdn Bhd, a365 words
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282 1995-07-15 5 MBT KUALA LUMPUR MCSB Systems (M) Bhd plans to float its Singapore, China and United States operations in three to five years' time. "We plan to float our Singapore operation on the Singapore Stock Exchange, the China operation on the Hongkong orMBT - 282 words
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Article, Illustration393 1995-07-15 5 Rahita Elias - By Rahita Elias SINGAPORE Marinebased Hai Sun Hup Group, which already owns four Australian hotels, plans to buy at least one more this year. After that, the group intends to expand into New Zealand and islands in the South Pacific such393 words
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181 1995-07-15 5 SINGAPORE Precision optics maker Avimo Singapore's UK subsidiary is part of a consortium that has a won a defence contract from the British government. Avimo announced yesterday that this follows the British government's decision to purchase the Apache attack helicopter. Avimo's wholly-owned181 words
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150 1995-07-15 5 SINGAPORE International rating agency Moody's Investors Service has assigned A 1 and Prime-1 ratings to Overseas Union Bank for long and short-term deposits. It said yesterday the ratings reflected the bank's "excellent capital adequacy, good asset quality, profitable operations" and the stringent supervision of150 words
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775 1995-07-15 5 Lee Han Shih - HOCK LOCK SIEW By Lee Han Shih SINGAPORE Is First Capital Corporation (FCC) a passive investor in Metro Holdings or is it aiming for something more? More specifically, is FCC teaming up yet again with Haw Par, Sembawang Corporation and775 words
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446 1995-07-15 5 William Chia - Turnover hits 21.67 m shares or 1.397 c of AmcoFs issued capital By William Chia SINGAPORE Property and trading company Amcol Holdings yesterday topped the most actively traded stock list amid talk that Hongkong property giant New World group had446 words
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Article, Illustration205 1995-07-15 5 SINGAPORE Van Der Horst yesterday named Bambang Trihatmodjo the second son of Indonesian President Suharto as a director of the company, confirming market talk that Mr Bambang would join the board. The marine engineering group had earlier said it could welcome Mr Bambang on board205 words
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EYE on your STOCKS
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Article20 1995-07-15 5 For next week's expected market sentiment, see BT's Sentiment Index on El A (Personal Finance A Investment section)20 words
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Article, Illustration100 1995-07-15 5 Shiv Taneja - By Shiv Taneja KEMAVAN is a sell, with very little upside at current levels. Daily RSI and stochastics are overbought, and volume is thinning rapidly. At best the stock will rise a few cents, followed by a consolidation and then a reversal. The stock should find some support100 words
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143 1995-07-15 5 SINGAPORE Materialshandling company Inter-Roller Engineering has signed a U5524.5 million (5534.2 million) contract with Antara Koh to buy H-section steel piles. Under the contract awarded on Wednesday, Inter-Roller will help Antara Koh buy the steel piles for the foundation works of Housing and143 words
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283 1995-07-15 5 AFP KUALA LUMPUR Malay-sian-listed Berjaya Group Bhd said yesterday it will acquire the entire 55 per cent stake held by its subsidiary Berjaya Industrial Bhd in another unit, Berjaya Leisure, as part of a restructuring plan. Berjaya Group said the plan will helpAFP - 283 words
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161 1995-07-15 5 Bernama KUALA LUMPUR IGB Corporation Bhd has proposed disposing of Wangsa Tegap Sdn Bhd which owns 1.24 hectares of prime land at the intersection of Jalan Sultan Ismail and Jalan Ampang here to Berjaya Group Bhd for M 596.017 million (5554.72 million) inBernama - 161 words
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COMPANIES
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COMPANY BRIEFS
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59 1995-07-15 6 SINGAPORE Chemical Industries (Far East) Ltd has bought three commercial properties in London for about £6.5 mijlion (5514.4 million), to be funded internally and by bank borrowings. The three properties were purchased on a "willing seller, willing buyer" basis through subsidiary JPI Investments. The buildings59 words
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56 1995-07-15 6 SINGAPORE Singapore Telecommunications, through subsidiary Singapore Telecom International, has raised its stake in a Sri Lankan company, Lankan Communication Services (LCS), from 76 per cent to 77.83 per cent. LCS deals mainly in providing data communications services in Sri Lanka. Its other shareholder56 words
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84 1995-07-15 6 SINGAPORE Overseas Union Bank (OUB) said yesterday that foreign ownership of its issued capital as of June 30, 1995, stood at 39.47 per cent. The equivalent proportion for OUB's finance arm. Overseas Union Trust, was 19.97 per cent. Meanwhile, Hon;j Leong Finance said foreign shareholdings84 words
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48 1995-07-15 6 SINGAPORE Singapore Technologies Automotive has appointed Col Chen Chin Chi as director to replace BG Patrick Choy Choong Tow, who has retired from the board. Col Ng Yat Chung, previously alternate director to BG Choy, will now be alternate director to Col Chen.48 words
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68 1995-07-15 6 Reuter JAKARTA Indonesia's largest cement producer PT Indocement Tunggal Prakarsa said yesterday that its food division, Indofood, had obtained government approval to expand capacity until the year 2000. The expansion will increase Indofood's production lines to 126 from 86. The company also said Indocement's 199Reuter - 68 words
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120 1995-07-15 6 Bloomberg Business News SHANGHAI Industrial chemicals manufacturer Shanghai Chlor Alkali Co said its first half net profit rose 28.9 per cent, bolstered by strong market demand, higher product prices and increased exports. Its net profit in the six months to June 30 was 116Bloomberg Business News - 120 words
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335 1995-07-15 6 S N Vasuki - By S N Vasuki SINGAPORE Himachal Futuristic Communications Ltd, the first Indian telecommunications company to float global depository receipts (GDRs), held its roadshow in Singapore yesterday. Officials of the company, which is hoping to raise US$55 million (Ss77 million), said the Indian335 words
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Article611 1995-07-15 6 Managers' pricu Jul 15 17 Sh Greater China Fd 0 1 00(a u Mendaki Gr Fund 1.05 1.08(8 Singapore Unit Trust us Gr Fund 109 i. i 3— The Commerce 1.60 1.69 IIAB u-1 I u The Savings Fund 1.57 1 66 UwO ASSOI IHgl LUI S'porc Prog Fund 0.63611 words
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482 1995-07-15 6 Conrad Raj - Parties still have outstanding legal action over same deal in Jakarta courts By Conrad Raj SINGAPORE A US$5O million (Ss69 million) derivatives deal which went sour has resulted in a series of suits and countersuits between America's Bankers Trust Company and482 words
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278 1995-07-15 6 Al Labita - From Al Labita in MANILA THE Dharmala Group of Indonesia is getting into the insurance industry in the Philippines, with an agreement to buy 80 per cent of The Professional Group (TPG) for 100 million pesos (555.5 million). TPG is a major "preneed" company278 words
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Article, Illustration42 1995-07-15 6 Reuter ULAN BATOR Staff at the Mongolian Stock Exchange handling transactions over a new networked computer system. The exchange started handling secondary trading on Thursday following one of the most comprehensive privatisation programmes in a former communist country. ReuterReuter - 42 words
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170 1995-07-15 6 Bloomberg Business News HONGKONG The Stock Exchange of Hongkong said yesterday it will not censure two directors of City Chiu Chow, a restaurant operator, even though they hid information of their past criminal convictions. The crimes for which Cheng Hop Fai and hisBloomberg Business News - 170 words
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410 1995-07-15 6 Bloomberg Business News BEIJING China's largest steelmaker, Shougang Corp, whose chairman resigned in February after the government accused him of almost ruining the company, recorded 8.6 per, cent sales growth in the first six' months of 1995, the company said yesterday. The development ofBloomberg Business News - 410 words
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502 1995-07-15 6 Reuter MANILA Philippine Long Distance Telephone Co took a beating on the Manila and New York stock exchanges this week as brokers downgraded their full-year earnings forecasts for the company. PLDT shares were sold heavily this past week on market rumoursReuter - 502 words
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265 1995-07-15 6 Bloomberg Business News SHANGHAI Jiangling Motors, a Chinese light truck manufacturer, plans to sell 170 million B shares to foreign investors, the lead underwriter said yesterday. "Details of the sale are still being worked out," said Yuan Zheng, an official atBloomberg Business News - 265 words
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383 1995-07-15 6 Reuter HONGKONG Two proper-ty-related companies which recently defied the local real estate Mump to list on the stock exchange have lagged behind the broad market so far. But merchant bankers said it was neither easy nor vital to set listing times toReuter - 383 words
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359 1995-07-15 7 FT LONDON The US Justice Department on Thursday approved a strategic alliance between Deutsche Telekom, France Telecom and Sprint, the third largest US long-distance carrier, in a judgment which surprised rival companies and industry analysts. The alliance, codenamed Phoenix, is designed to establishFT - 359 words
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270 1995-07-15 7 Bloomberg Business News NEW YORK US banks, including J P Morgan Co and Wachovia Corp, reported mixed second-quarter earnings, as lending businesses boomed and Wall Street recovered. Banks that depend on loans to make the bulk of their profit, includ lg Bank ofBloomberg Business News - 270 words
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251 1995-07-15 7 NYT WASHINGTON The Justice Department said on Thursday that Microsoft Corp may well be violating anti-trust laws by including software for it« new on-line network in V ndows 95, its much-antici-pated operating system for personal computers. The legal brief filedNYT - 251 words
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328 1995-07-15 7 Reuter SYDNEY A lightning raid by Rupert Murdoch's News Corp on a small Australian regional television network has raised questions about the media giant's quest for control of the Seven Network Ltd, analysts said yesterday. News Corp has spent about AslsReuter - 328 words
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COMPANY BRIEFS
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61 1995-07-15 7 AFP TOKYO Akai Electric Co Ltd said yesterday it raised its forecast for the seven months to June to a net loss to 3.5 billion yen (5555.8 million) from a loss of 100 million yen forecast earlier. The company saw revenues of 15.5AFP - 61 words
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Article76 1995-07-15 7 Reuter TOKYO Electronics maker Sanyo Electric Co yesterday reported a strong surge in profits for the first half of its business year, despite the high yen and a weak domestic economy. In the six months ended May 31, Sanyo's parent current profit soared 89 perReuter - 76 words
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58 1995-07-15 7 Reuter MELBOURNE Pacific Dunlop Ltd has agreed to sell some of its specialty food brands to Sydney-based gourmet food distributor Manassen Food Australia, Melbourne's The Age newspaper reported yesterday. It said ihe deal was effectively struck last week but Pacific Dunlop had not beenReuter - 58 words
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89 1995-07-15 7 Bloomberg Business News WASHINGTON Ford Motor Co, 3M Corp, Chevron USA Inc, and more than 400 other companies seeking to reduce federal taxes on their exports will get a boost from a federal appeals court ruling, lawyers for the companies said. A decisionBloomberg Business News - 89 words
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312 1995-07-15 7 Reuter LONDON The largest listed US power firm on Thursday launched a £1 billion (552.2 billion) hostile takeover bid for one of Britain's smallest regional electricity companies (RECs), South Western Electricity (Sweb). In the first attempted foreign takeover ofReuter - 312 words
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SHIPS IN PORT
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Article522 1995-07-15 7 Vessel Voy Wo Berth fcrtwl Departure iunxig Port (BT) Anda Jaya J1 alongside 15.07/2200 Arktis Fantasy 10 J14/15 alongside 15.07/1800 Astan Victory 21 J17/18 alongside 15.07/0600 Batam Indati J1 alongside 15.07/2315 Kotndo 07/06/95 J1 alongside 15.07/1300 Sh Bao 3/95 J5/6 alongside 15.07/2300 Shtnn Oar 8502 J13 alongside522 words
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Article1575 1995-07-15 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking Balance Rslts Ship Ooi No Etb/Btr Period From To From to Clove* 0026 16/0745 LA 14/1500 14/1659 14/1900 IB 14/1500 14/1659 14/1900 3 15/0700 15/1159 15/1400 to lade 247A 16/1500 28 14/1700 15/0659 15/0900 4 15/1200 15/1459 15/17001,575 words
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FINANCE & COMMODITIES
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348 1995-07-15 8 Shiv Taneja - By Shiv Taneja SINGAPORE Spain's largest commercial bank, Banco Santander, is turning its attention to Asia, a senior official said yesterday. Chief financial officer and head of international operations Juan Inciarte said the bank's traditional presence was in Europe and Latin America,348 words
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454 1995-07-15 8 Reuter BOSTON Seven months ago, income investors were reeling from double-digit losses in many US mutual funds that hold long-term bonds. During the 12 months through last October, some long-term funds lost as much as 10 per cent as interest rates movedReuter - 454 words
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Article, Illustration399 1995-07-15 8 DBS Bank weekly currency review US$/mark: THE greenback rose to 1.4143 on Thursday, then plunged to 1.3855 the same day after the Bundesbank decided not to cut interest rates. The short-term view for US$/mark is biased towards the downside, with support seen399 words
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Article322 1995-07-15 8 Reuter NEW YORK The New York Mercantile Exchange (Nymex), in the latest move involving the city's futures markets, said on Thursday it wants to link up with the Coffee, Sugar and Cocoa Exchange (CSCE), which in turn is seeking to take over its London rival.Reuter - 322 words
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162 1995-07-15 8 Reuter BEIJING China's central bank, the People's Bank of China, has cut the proportion of US dollar holdings within its foreign exchange reserves as a hedge against exchange rate risks, deputy governor Chen Yuan said yesterday. Over the past 18 months, theReuter - 162 words
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364 1995-07-15 8 Reuter NEW YORK Intuit Inc was due to announce yesterday a long-awaited partnership with about 20 large banks and financial service companies to offer electronic banking services, industry sources said. Chemical Banking Corp, Chase Manhattan Corp, First Chicago Corp. Wells Fargo Corp,Reuter - 364 words
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Article327 1995-07-15 8 Reuter LONDON Oil priccs were adrift yesterday, unable to break free of a tight trading range which has kept the them hemmed in for the past two weeks. North Sea Brent Blend crude futures for August delivery was at US$ 16.08 a barrel atReuter - 327 words
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Article214 1995-07-15 8 Reuter LONDON The dollar finished the European session bruised but a spate of broadly dollar-supportive US data kept it afloat, dealers said After Thursday's rollercoaster ride, during which the dollar erased most of the gains it made versus the mark earlier in the week, many of the dollarReuter - 214 words
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Article98 1995-07-15 8 AFP NEW YORK The dollar was slightly up against the other major currencies in quiet trading yesterday as the latest economic indicators showed a 0.1 per cent rise in consumer prices and a 0.7 per cent hike in retail sales for June. The dollar gained ground against theAFP - 98 words
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Article, Illustration1430 1995-07-15 8 Iladt neiyhuil index tukulaltxl again* S'pore's lop 14 trading partners Ha* year I9S< US$/S$ forward rates Noon /Jul 14 s$ Bid Oder 1-month 1 3936 1.3951 2-month 1.3905 1.3920 3-month 1.3*76 1 3891 6-monlh 1.3782 1.3802 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9an on hrf 14 Singapore dollars1,430 words
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COMMODITIES & FUTURES
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1372 1995-07-15 9 SINGAPORE Simex Euroyen ended steady while Eurodollar futures were lower. Dealers noted that Euroyen remained steady despite the sharp falls seen in Japanese government bonds (JGBs). "Euroyen is steady reflecting the outlook in Japanese interest rates. It is trading very close to cash rates,"1,372 words
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Article669 1995-07-15 9 COMMODITY REPORTS KL Tin TIN price on the KLTM failed to maintain Thursday's firmer undertone and eased three sen yesterday to MS 16.27 per kg on higher offerings. Dealers said despite the bearish sentiment on the LME, which saw three-month tin dropping USS9O to U556,710669 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article91 1995-07-15 9 HONGKONG Once a major exporter of refined zinc, China has virtually halted overseas shipments in the past two months as it struggles to meet demand at home amid higher prices and limited supplies of intermediate mine concentrates. As a result, China's metals traders are being forced91 words
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98 1995-07-15 9 TOKYO An Indonesian decision to join a new coffee retention plan will help keep robusta coffee prices buoyant without exposing them to a sharp and immediate downward correction, Asian trade sources said. Some traders say Indonesia still undecided over the question of participation may98 words
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Article42 1995-07-15 9 TOKYO Japan's Mitsubishi Materials said it has raised its domestic sales price of refined lead by 3,000 yen (SS4B) per tonne to 94,000 yen effective yesterday. Mitsubishi Materials is the recognised price leader for Japan's domestic lead market.42 words
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88 1995-07-15 9 NEW DELHI A senior official with the staterun Food Corp of India wants the government to cancel its decision to allow white sugar exports, the United News of India news agency reported. Kanhaiyalal Gidwani, a director at the FCI, said exports will push up88 words
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Article1482 1995-07-15 9 SICOM Futures a.jjhar KUDOtf (futures dating as at 5.30pw) RSS 1 C—tract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest 193.50 I 1650 Sep 192 00 189.00 189.50 300 2075 Oct 186.75 185.50 186.00 150 2250 Nov 186.75 185.50 186.00 150 2250 Dec 186.75 185.501,482 words
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REGIONAL STOCK MARKETS
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Article1018 1995-07-15 10 -6.9 SHARE PRICES closed lower yesterday as investors locked away profits following recent sharp gains on the bourse. "It is pure profit-taking after a couple of strong days on our market," said a broker. The All Ordinaries Index fell 6.9 points to 2,113.9. The All Industrials fell 9.5 to1,018 words
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Article647 1995-07-15 10 -18.64 Stocks fell yesterday as the Philippine Long Distance and Telephone, one of only four local firms listed in New York, took a tumble. The market fell "because PLDT went down by almost US$6 in New York", an analyst said, although he noted that some companies were not affected647 words
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Article473 1995-07-15 10 -5.27 Share prices yesterday saw a correction and drifted 0.5 per cent lower, but financial, construction and trade shares ended mainly steady. "Front-page reports that the current market was diagnosed as overheating prqvided investors with the excuse to cash in their profits," said a dealer. The Composite Price Index473 words
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Article576 1995-07-15 10 -43.3 Share prices finished 0.8 per cent lower yesterday amid uncertainties over the outlook of the market, with plastic and chemical shares suffering the largest loss. "The market was permeated with uncertainties and most investors refrained from taking initiatives," said a dealer. The 321-issue Weighted Price Index lost 43.3576 words
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Article320 1995-07-15 10 -15.52 Shares fell yesterday amid investor expectations that the surge in forestry stocks may reach a peak soon. The Warehouse Group rose, though, as investors bought the stock before it goes ex-dividend on Monday. "Forestry stocks, along with Telecom Corp, have been the main impetus for the rally320 words
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Article72 1995-07-15 10 +44.45 Shares yesterday ended up, but off the day's peak, as mutual funds and speculators took profits to erase early gains. The 30-share BSE Index closed at 3,331.98, up 44.45 points after touching a high of 3,345.07. The National Index added 25.21 to 1,546.68. "There was a lot of72 words
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WORLD STOCK MARKETS
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Article656 1995-07-15 10 -18.0 BLUE chips drifted to a lower close, hungry for fresh corporate developments to support recent bid rumours and wary of an early sell-off on Wall Street, whose recent record highs have helped underpin the UK market. The FTSE 100 Index closed down 18.0 points at 3,429.2 on volume656 words
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Article149 1995-07-15 10 Britannia Funds Sterling Cash BU Offer Mim Cap Depoul 38.6400 38 6500 Mim Jersey (nil .0.1*93 0.1992 Mim Max Income *0 9200 ****** I S$ Cash Income Plin Fund 10 5400 II I 100 PS Re*oe Fund J 5200 5 5300 Sterling Lain Euro Peifcnnnart .0.4592 ***** Far East Fund149 words
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Article192 1995-07-15 10 -10.68 German shares fell to the lows of the day and DAX futures breached the technical support of 2,200. Selling was also triggered by weaker German bonds after US reports inflation figures. The 30-share DAX Index closed down 10.68 points to 2,183.04. The September DAX future down 5.5 to192 words
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Article178 1995-07-15 10 -5.50 Belgian shares closed lower on profit-taking and the lower dollar with losses scattered across the market. The Bel-20 Index shed 5.50 points at 1,482.13, recovering in late trade after a raft of US figures. Volume was worth a modest 1.1 billion francs. Traders were mixed on the market178 words
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Article136 1995-07-15 10 -13.48 Swedish stocks fell in a burst of profit-taking, as the few brokers who decided to trade in the dampened holiday market opted to sell after the recent period of record-breaking gains. The OMX Index closed at 1,352.42 points, down 13.48. Turnover was a slight 1.7 billion crowns. "It136 words
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Article295 1995-07-15 10 -6.3 Swiss stocks fell, tracking US and German equities lower, as investors sold shares of financial companies such as Zurich Insurance and Union Bank of Switzerland on concern about rising bond yields. Bond markets in the US fell after stronger-than-ex-pected June retail sales suggested the Federal Reserve may not295 words
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Article139 1995-07-15 10 +33 Italian shares closed higher with traders saying that the market was expecting the government to win a confidence vote, which aims to push key parts of pension reforms through parliament. Sentiment was generally positive in expectation of a "yes" vote. The lira continued to firm against mark, helping139 words
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Article318 1995-07-15 10 -3.17 Dutch stocks fell for a second time in five days, led by a 2.1 per cent slide in Aegon and a 1.8 per cent drop in Philips Electronics. The market was also hurt as the dollar dipped from a four-week high reached on Thursday. Some traders also cited318 words
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Article426 1995-07-15 10 -7.4 South African shares closed lower after a week in which trade was marked by aimless wandering, leaving share levels barely changed on last Friday's closing levels, dealers said. "People are just not interested. Volumes are not really big enough to trust that this is a trend,' said a426 words
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Article701 1995-07-15 10 -39.79 Stocks, led by technology, tobacco and drug issues, tumbled after a weaker-than-expected report on semiconductor orders in June and a warning from Colgate-Palmolive that sec-ond-quarter earnings will fall below projections. Share prices also suffered from higher bond yields after the government said June retail sales were unexpectedly701 words
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Article221 1995-07-15 10 -19.76 Stocks cooled despite the hot weather as metal stock prices eased after recent brisk trading, a trader said. The TSE 300 Index fell 19.76 points to 4,678.28 on volume of 10.5 million shares with a value of C 5155.6 million. Declining stocks beat advances, 246 to 160, with221 words
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Article579 1995-07-15 10 Paris Jul 13 Fr Air LmuxJe 790.0 -1.0 AkadAiulhom MAO -0 7 BNP Pins 234.5 16 ElfAqu.1 M2 7 -19 Lafaiy Coppee 404 9 0.9 Mkhdia 221.1 4)2 Scale Nom 5070 0 20 0 Monk Hydro 224.8 66 Peugeot SA 7160 -11.0 Philips fctectr NV 2S6.0 2.7 Royal Dulch 600579 words
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Article, Illustration2773 1995-07-15 11 Bloomberg Business News HONGKONG Stocks were little changed as investors began to doubt that US interest rate cuts will come fast enough or go far enough to boost earnings in the territory. Investors are pricing stocks in anticipation of more rate cuts, although the cost of money could startBloomberg Business News; Source: Bridge Info - 2,773 words
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Article, Illustration591 1995-07-15 11 CLSA IN Hongkong, the H share index lost 16.36 points to 1,166.58 on turnover of HK57.29 million. The biggest losers were Dongfang Electric, down 6.3 per cent; Qingling Motors, down 3.5 per cent; and Northeast Electric, down 3.2 per cent. The Shanghai B market rose 1.6 per cent onCLSA - 591 words
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Article, Illustration2512 1995-07-15 11 Bloomberg Business News TOKYO Stocks were little changed yesterday as concern over demand for semiconductors balanced optimism that the government will be able to support the dollar and breathe life into Japan's economy. The semiconductor-related stocks that helped lift the market more than 10 per cent since last weekBloomberg Business News; Source: Bridge Info - 2,512 words
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Article, Illustration1659 1995-07-15 11 Reuter BANGKOK Stocks rebounded from earlier losses to finish slightly higher on bargain-hunting, brokers said. The SET Index closed up 4.70 points at 1,461.01 on 9.87 billion baht turnover. Advances outnumbered declines by 170 to 143. Finance counters, accounting for 38 per cent of total trade, ended 1.84 perReuter; Source: Bridge Info - 1,659 words
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Article, Illustration1178 1995-07-15 11 Reuter JAKARTA Share prices ended lower in moderate trading, with local players slowing purchases ahead of Bimantara's 200 million share listing next Monday, brokers said. The Composite Index fell 1.28 points to 508.26. Dharmala Sakti, Gajah Tunggal, Bakrie Brothers and Indocement topped the actives list, but volumes were moderate.Reuter; Source: Bridge Info - 1,178 words
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Article2448 1995-07-15 12 Gr IW Last Vol Day Last Qnk Dh Di* VH N«1 M f# High Loo (ompaav Safe CW»> High lx» Buyer Srifer CM WE S«il MALAYSIAN STOCKS 478 19* m AIS8 50c 412 H2 1016 416 404 410 412 JO -2-9 0.2 422 5 127 77.5 m AMDB2,448 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6902 1995-07-15 12 Bloomberg Business News KUALA LUMPUR Stocks were little changed yesterday as investors continued to largely ignore blue-chip stocks while trading heavily in the smaller companies favoured by local speculators. Blue chips, which hav-t; risen sharply in the past two weeks, got a further boost onBloomberg Business News; Source: Bridge Info - 6,902 words
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STOCK EXCHANGE OF SINGAPORE
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Article8754 1995-07-15 13 Gr Cr M Wl IW Last Vol Day Las! QwMc Di« Di» YM Net Cap A*g High Low ompmay Sale I'OOOl High La* B«>rr Seller Cn P/E Sail Price INDUSTRIAL AND COMMERCIAL 498 382 nil I .Acma 50c 484 -4 178 490 484 484 486 22.5 5.8 2.J 1ftI 6678,754 words
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Article, Illustration1905 1995-07-15 14 Paul Leo - By Paul Leo SINGAPORE Local stocks ended mixed yesterday, with the market abuzz with talk of a probable takeover counter-bid for food and beverage manufacturer Yeo Hiap Seng (YHS) next week. Talk yesterday had it that property tycoon Ng Teng Fong wasCharts by Bridge Info; Source: Bloomberg - 1,905 words
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Page 5 Advertisements
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Advertisement214 1995-07-15 5 NEWS VALUE Occupancy at S'pore hotels soars, thanks to the Great Sale (pg I) Hotels have been enjoying high occupaney for some time, but room rates edging up only slowly. Petronas Gas to offer 450 m shares in KL's 3rd biggest IPO (pg I) No shortage of takers as Malaysian214 words
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Page 8 Advertisements
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Advertisement49 1995-07-15 8 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, caH Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 9 Advertisements
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Advertisement273 1995-07-15 9 INFlline i ENGLISH NUMBER Children's Funland: The smun school 910 0001 UsborncT Puzzle Adventures 910 0002 Tha Plot Thickens Horse Racing Results: is/7 <sat> 911 0001 4D/Sweep/Toto: toio onw no 990-, win RmMi 911 0002* Tele-Games 911-0003 Crack The Safa Mr* Wizard's Crystal Ball 11 Mensa Line 911 0004 Puzzles273 words
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Advertisement20 1995-07-15 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.20 words
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Page 10 Advertisements
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Advertisement12 1995-07-15 10 A 'jw Game over! What's next? Call Sports News on 1900-912-0012, at12 words
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Page 11 Advertisements
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Advertisement13 1995-07-15 11 Young Parents „V u v When you want the best for your children13 words
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Page 12 Advertisements
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Advertisement21 1995-07-15 12 Search for the sunken city? B Get moving! Call Usborne I Puzzle Adventures B B at 30 cents a minute. 'J21 words
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Page 13 Advertisements
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Advertisement46 1995-07-15 13 Wth 19) years in the market, SCHRODERS'LEOEhDm TRRCK RECORD COIITIIIUES TODRH. jchrodsr Find out more about the Schroder South Hi* tA» i a Fund, the Schroder Singapore Tr u• t and the Schroder Wo rldvide Property Fund hy calling 534-4288 or (ax 536-662 6. uhit r«uiti46 words
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Page 14 Advertisements
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Advertisement352 1995-07-15 14 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND THE MATTER OF HELLO SHOP-GIFT CENTRE PTE LTD (Incorporated in Singapore) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 141 Middle Road #0503 GSM Building, Singapore 0718 on the sth day of July 1995,352 words
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Advertisement111 1995-07-15 14 BUSINESS T I IVI H S TOLL —FREE TEL. No. I-BQO-741-1883 I'A X 741-1298 I UNDER THE INSTRUCTIONS OF THE TRUSTEES NO. 1 5 LORONG 15, GEYLANG Type i 3-Storey Building Legal Description Lot 350-2 of Mukim 24 Land Area 491.2 Sq.M. 1 TWe Freehold TO BE HELD ON SITE111 words
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Advertisement434 1995-07-15 14 Singapore Closing Share Prices 14/07/1 SIS CLOSI PMV LOW HMH oe» im \m u* Mil#/ JanMn* Matfiaaon 8.00 8.00 7.88 Ml FfiSai 3.89 in U1 SJ| LWJ Dairy Farm 0.86 0.88 oaB am ■SSS Hongkong Land 1.88 1.83 1.88 IJO Mandarin OrtantaJ I.o* 1.10 1.08 1.88 JartMna BUatog<t Wai i434 words
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Executive Lifestyle
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Article, Illustration1305 1995-07-15 15 Corinne Kerk - i Retailers are tapping a new source of spending, but how many furnishing stores can the market take?Corinne Kerk reports Corinne Kerk WHEN it comes to furnishing the home, money seems to be no object. Singaporeans spent $2.16 billion last year on furniture and household appliances.Photo by Arthur Lee - 1,305 words
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STRAWS IN THE WIND
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Article58 1995-07-15 15 A PREGNANT woman boarded a crowded bus and was forced to stand. A few bus stops later, a young man suddenly smiled at her and said: "Excuse me." Thinking he was going to offer her his seat, she graciously said: "No, it's OK, you sit." The young58 words
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Article48 1995-07-15 15 REPORTERS are used to getting all kinds of excuses from newsmakers who don't want to talk to them. The latest one, though, was from a chief financial officer whose secretary gave a reporter this classic line: "Sorry, he's not available now, we're having a fire drill."48 words
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Article93 1995-07-15 15 FROM a news report: An Indian national told the US embassy he wanted a visa in time for former president Ronald Reagan's funeral. US Ambassador Frank Wisner told a Rotary Club meeting last week. "Somewhat taken aback, our consular officer advised the applicant that Mr Reagan is still93 words
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OPINIONS
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Article, Illustration715 1995-07-15 16 LOH HUI YIN - Old animosities break down with Yangon's release of Aung San Suu Kyi and US move for normal ties with Vietnam LETTER FROM LOH HUI YIN TWO political events about South-east Asia hogged international media coverage this week the release of Myanmar's Opposition leader715 words
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509 1995-07-15 16 Edmund Cheng - Edmund Cheng managing director Wing Tai Land Pte Ltd Singapore 1953 YOUR report "Wing Tai to delay marketing of two condo projects until next year" (BT, July 10, 1995) requires clarification. It said that Wing Tai was delaying the project509 words
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Article90 1995-07-15 16 Denis Distant - LETTERS TO THE EDITOR Denis Distant 1 REFER to Yong Yew Ho's letter "Keep annual reports detailed" (BTJuly 8-9, 1995) and agree with his comments but feel a lot of wastage can be avoided if companies adopted the practice of giving each shareholder the option not90 words
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313 1995-07-15 16 Trevor Rymell - Trevor Rymell I hc British Council 30 Napier Road Singapore 1025 1 WOULD like to comment on the letter from Thomas Chong "Why are foreigners allowed to buy up scarce housing?" in Executive Lifestyle, July 8-9, 1995. Mr Chong complains that "foreigners" may313 words
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Article, Illustration1024 1995-07-15 16 Harish Mehta - Increasing use of Spanish is inevitable but fears that English will be overtaken are exaggerated, writes Harish \lehta Harish Mehta THERE are fears a "third nation" dominated by Spanishspeaking immigrants will, in the future, dominate America and even change its1,024 words
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Article741 1995-07-15 16 Leon Hadar - US President should keep Beijing engaged, says Leon Hadar Leon Hadar The writer is BT's Washington correspondent AMERICAN President Bill Clinton's decision to restore diplomatic ties with Vietnam was an important move in expanding US engagement in Asia. Unfortunately, it was interpreted by some as741 words
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SPECIAL REPORT:THE GREAT SINGAPORE SALE
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Article, Illustration2446 1995-07-15 17 Jaime Ee - It's the shopping event of the year, and Orchard Road's posh boutiques have obediently put up the appropriate 'sale' signs. But how good are their discounts? Jaime Ee draws up a shopping guide to help you find the best bargains Jaime Ee IF YOU didn'tPhotos by Chris Loh, design by Jennifer Chua - 2,446 words
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Article490 1995-07-15 17 HOW CAN YOU teU if you've been to a really good sale? You can feel it. Suddenly, you don't feel so tired. Your eyes light up. You start fingering clothes with a little more excitement as both the price tag and the feel of the fabric start making490 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration389 1995-07-15 18 BT SENTIMENT INDEX (July 17 21) Those polled on their views of the Singapore stock market for the week ahead: Alliance, Credit Lyonnais, Daiwa, Fraser, Morgan Grenfell, Nomura, Phillip, S G Warburg, Smith New Court and W 1 Carr. Buy! BZW (July 14) DBS Land. Strong earnings growth from residential389 words
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Article, Illustration321 1995-07-15 18 Kevin Scully - Kevin Scully Research director Schroder Securities 6 60 INCE the end of June, the DBS 50 kj Index has only appreciated 3.2 per cent against the UOB Sesdaq index's 10.7 per cent. The UOB Sesdaq index comprises electronics-related stocks which have, on a 12month view, performed very321 words
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Article, Illustration908 1995-07-15 18 Joyce Quek - THE WEEK By Joyce Quek THE LATEST episode of "On the go for Yeo's" is building up to a grand finale. Or will it be a letdown? Will it or won't it will the Quek Leng Chan-led Camerlin Pte Ltd, currently making a908 words
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Article, Illustration826 1995-07-15 18 Eye on the region: Hongkong THE HONGKONG market has climbed 4 per cent since the US Federal Reserve's surprise decision to shave a quarter point off Fed funds rate. It is important now for the market to establish a solid base afterSource: Bridge Info - 826 words
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497 1995-07-15 18 Quak Hiang Whai - By Quak Hiang Whai THE Dow Jones Industrial Average may be reaching dangerously toppish levels. But at least one equity strategist is convinced the US stock index will top the 5,000 mark before the end of this year. According to Byron497 words
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Article, Illustration1122 1995-07-15 19 Jenny Lam - ATC i By Jenny Lam BEDLINEN maker Mayfran International, led by founder Henry Koh, appears to have covered most of its bases with sound forward planning. Several analysts, hard put to find fault with the Sesdaqbound company, are urging investors to subscribe to the company'sPhoto by Chris Loh - 1,122 words
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1165 1995-07-15 19 SThe market is likely to drift lower in the shortterm as concerns about slower earnings growth are bound to persist despite the STII rising again to 2,188.34 on Friday. So investors will soon be presented with an opportunity to take "a second bite1,165 words
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1061 1995-07-15 19 Shiv Taneja - By Shiv Taneja AFTER languishing at the bottom of investors' shopping list, Asia-Pacific equities, excluding Japan's, are now making a comeback. Investors should, therefore, overweight Asia Pacific ex-Japan in their global portfolios, broking company Smith New Court recommends in its third-quarter report.1,061 words
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Article, Illustration704 1995-07-15 20 Kenneth James - Websmi.ts By Kenneth James SO YOU've taken that first, somewhat hesitant, step into cyberspace. Never mind what made you do it. If you're like most people, it probably was a combination of push ("That's all the gang talks about at lunch these days") and pull ("Great Playboy,704 words
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Article666 1995-07-15 20 JAIME EE - Cmema Review By JAIME EE DAVID Caruso must have thought he'd given Detective John Kelly the Kiss Of Death by making the big crossover from NYPD Blue to his major movie debut. What he didn't count on was his TV alter ego shadowing him like the666 words
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Article, Illustration738 1995-07-15 20 Jaime Ee - Jaime Ee takes an early morning stroll through Singapore's 'other botanical gardens at the Shangri-La Hotel Jaime Ee IF YOU've ever been brave enough to try going to Sentosa for the weekend, you probably would have discovered that the concept of getting away without getting out of738 words
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Article, Illustration667 1995-07-15 20 SUSAN TSANG - Art By SUSAN TSANG LIM TZE PENG works in Chinese ink and colour, but unlike other artists, he paints on the spot. The calligrapher and self-taught artist uses smallish, careful strokes to "write" his paintings rather than paint them. Lim. 73, who started painting in667 words
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Article, Illustration623 1995-07-15 21 SAMUEL EE - Motoring By SAMUEL EE THE FIRST THING that strikes you about the new Hyundai Elantra is how revolutionary it looks. Gone are the days when Korean cars meant boring styling. Where the previous Elantra was conservative, the latest one is flamboyant. The smooth new nose does without a623 words
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EPICURE
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Article, Illustration714 1995-07-15 22 JAIME EE - Bon Appetit By JAIME EE SINCE the Marriott Hotel opened its doors earlier this year, the focus of attention hasn't really been on its food or its rooms, but rather the towering coconut trees in its lobby. Described alternately as a calming tropical oasis and aPhoto by Chris Loh - 714 words
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Article, Illustration540 1995-07-15 22 FANS OK THE Waterfall Cafe's nonya buffet in the Shangri-La Hotel might be a little disappointed to know that the famous popiah and kueh pie tee are no more. But in their place is a slightly different, but no less varied spread of local favourites. The540 words
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Article, Illustration744 1995-07-15 22 Shahiron Sahari - Shahiron Sahari finds out what's cooking on board the 1,700-passenger Star Aquarius Shahiron Sahari THERE is little doubt that cruising in Singapore has yet to develop into the popular image found in countless movies, books and episodes of lx>\e Boat romantic moonlit nights, dinners with the744 words
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725 1995-07-15 22 N K YONG - Wine By N K YONG IT IS unarguable that the only place to taste a wine at its finest is at the Chateau or Domaine itself, and from a bottle that has lain in their cellars since bottling and which has never been moved. It725 words
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Article, Illustration1052 1995-07-15 24 Blue. Juliette Binoche's family ioi dies. She rebuilds her life in 9.. the first of the Colours trilogy. 9.. Changi: 11; 4. 2. Boxing Helena. Julian Sands cuts off Sherilyn Fenn's legs, j Then he cuts off her arms. But g it's the directing and acting n that really1,052 words
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Page 15 Advertisements
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Advertisement102 1995-07-15 15 sftysui^ The rivUrU way of turning shares into on /A* HONOLEONOFMANCf UMTED 9MGAPOME FMAMCC LMTTH) *****33 *****33 LF 0323 SF 0321 It i I 4k The snakes may hiive twro leg* and the sharks wear tie* but the concrete junqle »s stiH n» place to be barefoot. So slip into102 words
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Page 18 Advertisements
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Advertisement71 1995-07-15 18 (Mut Ct9tk Htoktt th(nm*tfrh Nw Malaysian Economic, Industrial A Stock Market Information by Dynaquest Sdn Bhd Stock Market Technical Indicators Weekly Report"Zignal" by SW Technology Pte Ltd High Technology Industries Research report of U.S, Europe, Japan A Rest of World by Frost Sullivan TOatlet intelligence at its best SW Technology71 words
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Page 21 Advertisements
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Advertisement265 1995-07-15 21 J v i— 1-1- IllJ' $Ol9)^£ocaiionl})i&{jxcdenlOransporlation I|M' Prestigeous Building Discounted Price The Favourite Choice Of Buyers I BiIimMbbMBBMBMM 1 H lingrui Building is situated in elegant Dongsanhuan Road where the most prestigeous buildings in Beijing are located. Consisting of a 15-storey commercial centre and a 26-storey fglHmK residential block, lingrui265 words
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Page 22 Advertisements
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Advertisement139 1995-07-15 22 BUTfJgpFLY B AJ79CA F E CONTINENTAL CAFE, RiTAURANT AND BAR SET BUSINESS LUNCH AND DINNER FROM $15.50++ HAPPY HOURS 3PM TO BPM Home-made daily soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango ice-cream Salmon Nicoise Salad Duck Breast with Three Colour Pepper Sauce Apple139 words
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Page 23 Advertisements
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Advertisement1233 1995-07-15 23 I B £tiST 1 The All Naturally Brewed Beer, where to wine, dine and entertain L WORLD S LARGEST SELLING BEER Jl3 l «v. CI "UCiyh Q"ea jitarln at Ween Don'l miss our di'lidou* llifth I'm Buffet available from *****VM SpJU every weekend. Price: $13.80 (adtill) W.BO (child) A La1,233 words
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Advertisement327 1995-07-15 23 The Day You Dine At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet t at Triple 3, an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts. Call S us now to make your reservations at 831327 words
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Page 24 Miscellaneous
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Miscellaneous2179 1995-07-15 24 TODAY'S TV ill I I'l lIIM I HEJW" 1 iSttST"* Germany Live (See Our 8 00 Menggapai Matahari 11, 3.50pm, Germany Live, 6.30pm, Ch 12 journey Into 9.90 Berita Semasa. Ch 12 Ruegen is Germany's largest The Unknown (See Our 10.30 Biker Mice. Singing star Rhoma lrama and most beautiful2,179 words
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