The Business Times, 21 October 1995

Microfilm: NL20030
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Weekend Edition, Oct 21-22 1995 WE KNOW ASIA 85*
    13 words
  • Article
    Brokers get their break to do corporate finance business
    560 1  -  By Paul Leo SINGAPORE The Stock Exchange of Singapore (SES) has opened up the market for corporate finance work to its members in a move that will intensify competition for merchant banks which traditionally dominate the business. The green light to
    560 words
  • Article, Illustration
    Lock icon Dow's record close boosts S'pore, KL stocks
    263 1  -  Bjf R Sivanithy SINGAPORE Regional stock markets responded differently yesterday to Thursday's record close on Wall Street. The Straits Times Industrials Index and the Kuala Lumpur Composite Index regained key psychological levels, while Hongkong, Thailand and the Philippines closed lower. Dealers said there
    Source: Bridge Info  -  263 words
  • Article, Illustration
    President in hospital for check-up after feeling unwell
    118 1 SINGAPORE President Ong Teng Cheong (above) was admitted to the National University Hospital last evening for a thorough medical checkup. A statement from the Prime Minister's Office said President Ong had been feeling unwell with a persistent headache for the past 10
    118 words
  • Article
    Lock icon Former Daiwa trader pleads guilty, accuses execs of fraud
    383 1 Bloomberg Business News NEW YORK A former government bond trader at Daiwa Bank pleaded guilty to concealing USSI.I billion (SSI.6 billion) in trading losses at the bank's New York branch, and accused Daiwa officials of deceiving US banking examiners for years.
    Bloomberg Business News  -  383 words
  • Article
    On the waiting list for S'pore's hottest slimming gel...
    471 1  -  By Susan Tsang SINGAPORE The petite Asian figure may not be so hard to find just look into a bottle of gel. And women here are looking, so much so that it is virtually impossible to walk up to a Dior
    471 words
  • Article
    NTUC invests in housing co-op to build exec condos
    412 1  -  By Anna Teo SINGAPORE The National Trades Union Congress (NTUC) is investing $10 million in its proposed housing cooperative, which for a start will go into building executive condominiums. Going by the interest expressed by other labour movement organisations, the cooperative
    412 words
  • Article
    Lock icon Dow Jones up 7.58 points
    62 1 Reuter NEW YORK Stocks edged lower in early trading yesterday in a market focused on mixed earnings results for the third quarter. Analysts said stocks were also under pressure from weaker overseas markets. The Dow 30 could be nearing a short-term top, they added. The
    Reuter  -  62 words
  • Article
    Lock icon US economy in balance
    39 1 Reuter WASHINGTON Federal Reserve chairman Alan Greenspan yesterday described the economy as being in balance at the moment and forecast a "very impressive" future for America if the budget deficit is brought under control. Reuter
    Reuter  -  39 words
  • Article
    Lock icon US$11m Jackpot
    51 1 Reuter LAS VEGAS A 29-year-old history student has made gambling history with a record slot machine win of nearly US$ll million. The student, who asked to remain anonymous, won with a single pull of the handle at the Gold Coast Hotel and Casino in Las Vegas on Wednesday.
    Reuter  -  51 words
  • Article
    Untitled
    153 1 Stock mtM STII .2,107.92 +19.18 KJLSE Comp 959.23 +14.42 Nikkei 18,157.33 +201.97 Hang Seng ....9,895.24 -86.37 SETlndex 1,282.51 15.30 Jakarta Comp 500.44 -1.17 ManilaComp 2,601.36 -12.15 Taipei WPI 4,953.56 +12.14 Seoul Comp 994.89 -5.33 Bombay BSE30 ...3,514.42 -25.95 CLSA China B 842.67 +9.81 Aust AllOrd 2,106.8 -5.1 FTSE100 3,551.4 -27.2
    153 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      37 1 Retailing: el i Bangkok's new shopping deal ]>${;@`!%-[@{>|<{`.>{?'+<)&!=.' FCC raises stake in Sea View to 21.5% Is FCC making its move on a company that has been rumoured to be on the market for almost a year? SeePgs
      37 words
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      Page 1 Advertisements Column 2
      8 1 Equities: el 5 Tough times ahead for STII
      8 words
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      Page 1 Advertisements Column 3
      23 1 bf&jQpifr: PgS jti/ An easier way out for Teng Fmg?, Regional markets, Pg 10-14 Daiwa admits officials tried to cover up, Pg 4
      23 words
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      Page 1 Advertisements Column 4
      255 1 `^]-[};&>"@@`!(~'?("~@[,*~`>@&> jiffies conversation: el 2 ;3j Face-to-face with Norway's prime minister BT Online Look bs up at http:// www.asial.com.sg/biztiines M V J li Timeless values. V J ■h VBi Br Geneva enamel. Duplex escapement movement Übery of London. These two exquisite etches, The Rolex Day-Date in the shape of peaches,
      255 words
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      Page 1 Advertisements Column 5
      34 1 Spore News 2 S*poreVsta ....5,6 Regional News 3,4 FrancM J,9 World News .4 Opinions £L 3 Currencies J Epicure £L 8 Commodfces ..>9 TV/Uestyte .ELI 0 IMomI 10.11 Corporate Focus 9 KLSE, SES.. 1214
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon All units in Scotts Rd condo snapped up
      396 2  -  Speculators and foreigners main buyers of Hotel Prop-Malayan Credit project By Abdul Hadhi APARTMENTS at 28 Scotts, the condominium to be built on the former home of tycoon Khoo Teck Puat along Scotts Road next to the Goodwood > Park Hotel, have
      Photo by Chris Loh  -  396 words
    • Article
      Glass shortage hurting margins of TV and computer monitor makers
      491 2  -  Jennifer Lien ciA SHORTAGE of television and computer glass in the re* r jpon is putting pressure on prices and margins in the TV and computer monitor industries, sources say. ht "We are already behind on Asahi Techno Vision managing
      491 words
    • Article, Illustration
      Travel mart gets good response from buyers
      493 2  -  Asia Travel Mart Reports hy i Agnes Wee BY the second day of the firstever Asia Travel Market, 1,760 out of the 2,000 expected trade buyers had visited the fair. A total of 141 or 58 percent of the Meridien Asia members specially
      493 words
    • Article
      Avis going into Myanmar, Vietnam
      194 2 AVIS Rent A Car will be the first international rental car company to operate in the emerging economies of Vietnam and Myanmar. Avis announced yesterday at the Asia Travel Market that it will begin operations in Vietnam from Dec 1 and in Myanmar in mid-January.
      194 words
    • Article
      Corrections & clarifications
      66 2 Corrections clarifications IN our report on Oct 17, headlined "S'pore No 2 investor in Myanmar with US$54B million", we said that the Republic invested that amount in Myanmar in the first eight months of the year. According to the Trade Development Board, the Figure should be US$52B million and is
      66 words
    • Article
      Indian IT firm sets up regional base here
      236 2  -  Toh Han Shih A LEADING Indian information technology company, National Institute of Information Technology (NIIT), has set up its regional headquarters in Singapore to oversee operations in the Asean countries. It will also be locating a research and development (R&D) centre in
      236 words
    • Article
      Law Society members give OK to buy own premises
      211 2 THE Law Society has decided to buy its own premises. Members present at the Society's annual general meeting (AGM) yesterday unanimously passed a resolution granting the society's council a mandate to collect $300 annually from each member starting from January next
      211 words
    • Article, Illustration
      Financial services firms hooked on Internet, says actuary
      313 2  -  By Soh Tiang Keng MORE and more financial services companies were joining Internet and learning how to provide services, technical information and products to consumers in a whole new way, a British actuary said here yesterday. Wayne Daniel, risk management actuary of
      313 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      124 2 a Exhibition of Fine Modern Chinese Paintings JAdeite Precious Stone Jewels Fine Chinese Ceramics, Snuff Bottles Magnificent Jewellery On view in Singapore on: Sunday 22 Monday 23 October, 1995 from 11:00 am to 6:00 pm at The Casuarina Suite Level 3, Raffles Hotel, Seah St. Entrance The paintings, jewellery and
      124 words
    • Advertisement
      Page 2 Advertisements Column 2
      262 2 WmmamaSSESm A° up of four of the most competitive eastern colleges and universities, Dartmouth, Duke, Smith and Wesleyan, will host a briefing for prospective applicants, their parents and secondary school officials on Saturday, 21 October 1995, from 7.30pm-9.30pm at the Regent Hotel,] Cuscaden Road Singapore *****5. A-Level students who are
      262 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      152 2 28 been orde to grant approval (7) 8 VUIUMTS SOLUTION WW 13 Labourite's about in regal 1 Influence one Frenchman to style when put back (10) !SJ?UJII2IrUE£BBiGIBE get agreement (6) 15 Use the car too often in high HI fflnff nfflf i 2 Corpulent single mother, gear (9) Eastern maid?
      152 words
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  • THE REGION
    • Article
      Lock icon Slow down economic growth, Daim urges govt
      333 3 AFP, Bernama KUALA LUMPUR Malaysia's economic adviser to the government, Daim Zainuddin, yesterday called for the government to contain its rapid growth, likening the Malaysian economy to a tired body which needed a rest. "So if we pause for a while, consolidate our
      AFP,; Bernama  -  333 words
    • Article
      Pudong set to keep growth at 20%
      303 3  -  Austerity drive won't slow progress: Shanghai mayor Lu Ning SINGAPORE In spite of the central government's austerity measures, Shanghai's Pudong New Area (PNA) will maintain an average annual GDP growth rate of 20 per cent in the next five years, only slightly lower
      303 words
    • Article
      Lock icon Motorola, Ericsson win China project
      93 3 Bloomberg Business News Arlington Heights, ILLINOIS Motorola Inc and Ericsson have won a contract to link China's cellular telephone systems to provide nationwide roaming. Motorola said on Thursday that the project will create the world's largest interlinked national cellular network, with more than three million
      Bloomberg Business News  -  93 words
    • Article
      Lock icon Intel to build computer board plant in Penang
      158 3 Bloomberg Business News SINGAPORE Intel Corp, a California-based computer chip maker, will build a US$5O million (Ss7l million) to US$lOO million computer board plant in northern Malaysia. The investment was a result of booming computer demand for various components, Intel's regional public
      Bloomberg Business News  -  158 words
    • Article, Illustration
      Lock icon Turning homes into offices
      56 3 Renter HANOI Vietnamese workers lowering a wooden wall panel to renovate a house in Hanoi's Old Quarter yesterday. Spiralling honse and office rentals in the big cities are encouraging Vietnamese who earn an average US$25O (*****) a year to convert their houses into instant office space
      Renter  -  56 words
    • Article
      Lock icon UK-M'sia venture to build sports cars
      52 3 Bernama KUALA LUMPUR TVR Spoils (Malaysia) Sdn Bhd (TVRM) has obtained a manufacturing licence for building composite body sports cars in a joint venture with TVR Engineering Ltd of the United Kingdom, it was announced yesterday. The project has received pioneer status from the
      Bernama  -  52 words
    • Article
      Lock icon Ex-Cambodian minister's protest
      83 3 AFP PHNOM PENH Cambodia's most prominent opposition figure, former finance minister Sam Rainsy, has joined King Norodom Sihanouk in vehemently protesting the government's award of a massive logging contract to an Indonesian timber company. The contract, signed in mid-September, covers about 15 per cent of Cambodia's remaining
      AFP  -  83 words
    • Article
      Lock icon China's first specialist trust company
      56 3 Reuter BEIJING China has set up its first trust company in the Shenzhen Economic Zone to handle mergers and acquisitions among state enteiprises, China Securities said. Shenzhen Guang Fa Yuan Enterprises Trust Company will provide advisory and management services to state companies in mergers and
      Reuter  -  56 words
    • Article
      Lock icon HK denies trade figures report
      71 3 AFX-Asia HONGKONG The Hongkong government yesterday denied news reports that the US Department of Commerce is considering incorporating Hongkong's trade with the US after 1997 in its China trade statistics. A government spokesman said that under both the Sino-British Joint Declaration and the Basic Law,
      AFX-Asia  -  71 words
    • Article
      Profit of Asian airlines jumps three-fold
      360 3  -  SIA, Cathay Pacific account for 74% of total earnings Alec Almazan SINGAPORE Asian airlines reported a whopping three-fold increase in net profit to U551,307 billion (Ssl.9 billion) for the 1994/95 fiscal year. The 16-member Orient Airlines Association (OAA), which meets today in Brunei at
      360 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      156 3 Why the M'sian economy needs to be cooled, EL 5 mk i 1 r r \C\ i MMp. f MBp,3«yli *SKSiSSi 5 bedroom/4 bathroom houses from £407,000.' j river views. City in under '/2 hour. |l jmrwo— j bedroom/2 bathroom apartments from £199,950. j Highly desirable residential area London Heathrow
      156 words
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  • REGION/WORLD
    • Article
      Lock icon Daiwa admits that senior officials tried to cover up scandal
      672 4 Reuter TOKYO Japan's Daiwa Bank faces an uphill struggle to rebuild its tarnished credibility and restructure its business amid fresh allegations that senior managers helped cover up a scandal, analysts said yesterday. "The fact that this keeps dribbling out suggests
      Reuter  -  672 words
    • Article
      Lock icon US analysts deeply worried about Japan's bank crisis
      436 4 Reuter NEW YORK US market analysts view the latest disclosures on Federal Reserve arrangements to provide liquidity to US subsidiaries of Japanese banks in a crisis with grave concern and say this demonstrates Japan's banking problems are more serious than many thought.
      Reuter  -  436 words
    • Article
      SIA to maintain flight schedule
      95 4 SINGAPORE Singapore Airlines (SIA) will maintain its scheduled flights to Sri Lanka despite the suspension of refuelling at Colombo Airport following explosions and fire early yesterday at two oil installations in Sri Lanka. "Except for some restrictions on cargo, SIA will continue to fly into
      95 words
    • Article
      Bank of England puts supervision division under review
      281 4  -  Fran Neil Behrmann in LONDON THE Bank of England has commissioned accountants Arthur Anderson to review the operations of its supervision division. The accountants will make recommendations for the establishment of a new "quality assurance mechanism" to help ensure that supervision is
      281 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1407 4 AIRCRAFT ARRIVALS DEPARTURES at HWa IB> n» B> l*mt» Qfoei 1930 QP082 2055 RJ187 0130 KL843 0555 GA896 0130 SQ025 0650 KL838 2335 KL831 1025 SQ026 2355 fcNMM* NZ021 1735 NZ022 1920 SQ286 2040 B tat kpM BM21 1106 SQ182 0915 SQ181 1410 BM22 1210 mm 1720 Bt428 1820 tartt
      1,407 words
    • Article
      Lock icon Apec free trade plan to kick off in 1997: report
      191 4 AFP TOKYO A 25-year AsiaPacific Economic Cooperation (Apec) forum action agenda on free trade which is to be adopted at the group's Osaka summit next month puts 1997 as the start of liberalisation procedures, the Yomiuri Shimbun said yesterday. A
      AFP  -  191 words
    • Article
      Lock icon Colombo cuts aviation fuel sale after depot blasts
      321 4 Reuter COLOMBO The Sri Lankan government banned the sale of petrol and limited the issue of aviation fuel to airlines yesterday after Tamil rebels seriously damaged two of Colombo's largest oil depots. "I have been asked by the Ministry of Power and
      Reuter  -  321 words
    • Article
      Lock icon Workers won't accept low pay rises much longer: Greenspan
      327 4 NYT WASHINGTON Americans who feel that the economic recovery has not done much for their pay cheques had their worries confirmed on Thursday by an unlikely official: Alan Greenspan, the chairman of the Federal Reserve. Sounding more like his liberal critics
      NYT  -  327 words
    • Article, Illustration
      Lock icon Bread of life
      50 4 Reuter BOSNIA, Sangevo A little girl holding three loaves of bread that her mother got at the soup kitchen in the centre of Sarajevo on Thursday. Despite the large amount of food coming into the city, many people still rely on hand-outs in order to survive. Renter
      Reuter  -  50 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      50 4 POONESBURY GARRY TRUDEAU rrmesHTftt any- askjn6, HAtewueeeN v w f> r I youpo SRS *-**>' iwlm W that's rou6h\ [affajp] I 1 Jwx2£yl T f I JUICS.IGU&S so, J\ ■r^l^^l saS? n£!Ss2f 59 t I THe-mA/LS SON.IA comb IN P swjwg I pf&meou?,J k >we>a*.-t /^f£ o L rr j
      50 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      FCC pays $53.5m to raise Sea View stake to 21.5%
      412 5 SINGAPORE Listed First Capital Corp (FCC) has raised its stake in Sea View Hotel from around 2.13 per cent to 21.3 per cent for a sum of $53.5 million or $12.50 a share. That has set analysts speculating whether FCC
      412 words
    • Article
      Cam invests M$32m to make spindle motors in Penang
      377 5  -  By David Mok SINGAPORE Component maker Cam Mechatronic is pumping Ms 32 million (SSIB million) into a new factory in Penang to make disk drive spindle motors and hopes to capture 10 per cent of the world market in two years.
      377 words
    • Article
      YHS to build US$10m plant in Shanghai
      272 5  -  By Lu Ning SINGAPORE Singaporebased soft-drink maker Yeo Hiap Seng will build a plant in Shanghai to serve east China. The general manager of YHS (Guangzhou) signed a memorandum of understanding in Shanghai on Wednesday for the transfer of user rights for a
      272 words
    • Article
      Price for stake in ABR unit fair: Schroder
      161 5 SINGAPORE The merchant bank advising the independent directors of Sesdaqlisted ice-cream maker ABR Holdings says the subscription price of $3.86 million for a 20 per cent stake in its subsidiary Lawry's (Singapore) Ltd is fair. This is the price ABR managing director
      161 words
    • Article
      YHS shares: an easier way out for Teng Fong?
      825 5  -  HOCK LOCK SIEW By Conrad Raj SINGAPORE Looking at the quandary property magnate Ng Teng Fong is in trying to maintain the listing status of food and beverage manufacturer Yeo Hiap Seng, one wonders whether there is a better way of
      825 words
    • Article
      SBC director has quit to head GK Goh's UK operations: sources
      268 5  -  By R Sivanithy SINGAPORE Swiss Bank Corp's (SBC) takeover of British investment bank SG Warburg has taken another casualty although this time the resignation is from SBC's top management. Market sources said SBC director Bill Hay had resigned to
      268 words
    • Article, Illustration
      Lock icon STIC hits record high but still seen as a buy
      349 5  -  By Genevieve Cua SINGAPORE Singapore Technologies Industrial Corp shares hit a record high of $2.67 yesterday, and analysts are continuing to recommend the shares as a long-term buy. STIC closed yesterday at $2.63, up 11 cents on a volume of
      Source: Bloomberg  -  349 words
    • Article
      MARKET MOOD
      19 5 For next week's expected market sentiment, see BTs Sentiment Index on EL4 (Personal Finance A Investment section)
      19 words
    • Article, Illustration
      NOT STOCK
      100 5  -  -By Paul Leo OMNI Mold is still on the downtrend, notwithstanding yesterday's four-cent gain to 61 cents on a strong volume of 1.96 million units 2.9 times the 10-day average of 676,000 shares. Prices are still within a downward sloping channel on the weekly chart. Buy only on
      100 words
    • COMPANIES
      • Article
        Vasidon holds 53.42% of Asiamatrix
        62 6 SINGAPORE Indonesian-controlled Vasidon Holdings received no more acceptances at the close of its general offer for Asiamatrix yesterday. Vasidon last month offered $1.10 per share and 60 cents per warrant. As of yesterday, Vasidon and parties acting with it hold 53.42 per cent of Asiamatrix's
        62 words
      • Article
        Datapulse queried over results
        61 6 SINGAPORE The Stock Exchange of Singapore has queried Datapulse Technology on its just-released full-year results as well as its interim report. SES asked Datapulse to give details of its profit fall. SES also asked Datapulse to explain how, in its half-year results announcement, it could expect
        61 words
      • Article
        Aztech settles Silicon suit
        43 6 SINGAPORE Aztech said it has settled claims brought against it by Silicon Systems Inc (SSI). SSI had earlier filed a writ against Aztech for US$6 million (SSB.S million). Aztech succeeded in striking out US$5.6 million of the original claim.
        43 words
      • Article
        Econ buys stake in construction firm
        41 6 SINGAPORE Econ International has bought 2,000 shares in project and construction management firm A Pacific Construction Development (Singapore) for $2,000. It further subscribed for another 100,000 shares, taking its total interest to 51 per cent.
        41 words
      • Article
        Inno-Pac explains share transfer
        68 6 SINGAPORE InnoPacific said a block of 11.62 million Inno-Pac shares was transferred from Vickers Ballas to Hong Leong Finance, which will hold the shares as nominees for Inno-Pac's substantial shareholder, Bintang Piramid (M) Sdn Bhd. This is because Bintang had obtained a lower rate of finance
        68 words
      • Article
        Nippecraft books big US order
        33 6 SINGAPORE Stationery specialist Nippecraft has confirmed a USSIO million (5514.2 million) order for organisers and accessories from an unnamed US customer its single largest consolidated order so far.
        33 words
      • Article
        Lock icon Telekom boss is Ist M'sian CEO of the Year
        296 6 Bernama KUALA LUMPUR Telekom Malaysia Bhd executive chairman Mohd Rashdan Baba was named Malaysia's CEO of the Year, an inaugural award launched by Malaysia's Business Times and American Express. He was judged on five areas of managerial expertise including operations management,
        Bernama  -  296 words
      • Article, Illustration
        SIA engineering arm spending up to $130m on third hangar
        311 6  -  By Ang Wan May SINGAPORE Singapore Airlines' engineering arm, SIA Engineering Co (SIAEC), is spending between $60 million to $130 million to build a third hangar to cope with Singapore Airlines' expanding fleet of aircraft. The hangar will increase the
        311 words
      • Article
        2 companies under Indon Jaya group raise US$75m in S'pore
        263 6  -  By Conrad Raj SINGAPORE Two companies under Indonesian property giant Jaya have tapped the Singapore-based Asian dollar market for a US$75 million (Sslo7 million) revolving credit facility lead-managed by DBS Bank. The companies' maiden foray into the offshore market attracted
        263 words
      • Article
        Inchcape Bhd director leaving to head UK dealership
        422 6  -  By Siow Li Sen SINGAPORE Inchcape Bhd director Ghafoor Rawtaer, the man reputed to be behind Toyota's success in Singapore, is leaving the company to head a leading motor dealership in the United Kingdom. Mr Rawtaer, who is also the managing director
        422 words
      • Article
        Lock icon Proton MD denies he is leaving the company
        174 6 Bernama KUALA LUMPUR Perusahaan Otomobil Nasional Bhd (Proton) Managing Director Mohd Nadzmi Mohd Salleh has denied a newspaper report which said he would leave the company. He*aid the newspaper report was only a rumour. "Shareholders change but the management has not been
        Bernama  -  174 words
      • Article
        Lock icon DBS Land to buy more foreign property
        311 6 Aim to smooth out earnings by raising overseas assets to 30% by year 2000 Bloomberg Business News NEW YORK DBS Land Ltd, one of Singapore's largest real estate developers, will seek to "smooth out" earnings by purchasing properties in foreign markets, a top
        Bloomberg Business News  -  311 words
      • Article
        Lock icon Thai Farmers Bank profit up 8.1% in 3rd qtr
        162 6 Bloomberg Business News BANGKOK Thai Farmers Bank pic said yesterday that its net profit for the July-Septem-ber quarter was 2.97 billion baht (SSI6B million), up 8.1 per cent from the same period last year. Thai Farmers is the nation's third largest
        Bloomberg Business News  -  162 words
      • Article
        CMBT achieves 120% subscription rate
        216 6 SINGAPORE CarnaudMetalßox Asia said yesterday its Thai subsidiary's rights issue achieved a 120 per cent subscription rate. CarnaudMetalßox Thailand's one-for-four rights issue was to raise 369.6 million baht (Ss2l million) to repay part of its borrowings. The company will issue 33.6 million new shares priced
        216 words
      • Article
        Lock icon Telkom seeks night debut on Jakarta bourse
        233 6 Reuter JAKARTA The Jakarta Stock Exchange would consider an application by PT Telkom and its lead managers to have a night listing on Nov 14, to enable a parallel debut on the Jakarta and New York exchanges. "PT Telkom and its lead managers
        Reuter  -  233 words
      • Article
        Lock icon Comdex owner close to buying Ziff-Davis for about US$2b
        407 7 NYT TOKYO The Japanese entrepreneur who stunned the computer industry by buying the big Comdex trade show has struck again. This time, Masayoshi Son is close to acquiring Ziff-Davis Publishing, the New York-based computer magazine giant, for a price expected to
        NYT  -  407 words
      • Article
        Lock icon India opens share depositories
        278 7 Foreigners can own up to 20% of clearing houses FT NEW DELHI Foreign institutions will be allowed to own up to 20 per cent of India's proposed share depositories, the clearing houses designed to automate the present paperbased share trading system, according to a consultative paper
        FT  -  278 words
      • Article
        Lock icon Coca-Cola 3rd qtr net earnings up 13%
        291 7 Bloomberg Business News ATLANTA Coca-Cola Co said its third-quarter earnings rose 13 per cent on strong unit-volume growth in beverage sales both in the US and internationally. The world's biggest softdrink maker said net income rose to US$BO2 million (S$ 1.1 billion), or
        Bloomberg Business News  -  291 words
      • COMPANY BRIEFS
        • Article
          Lock icon AT&T profit plunges 75%
          77 7 Reuter NEW YORK AT&T Corp, on the verge of splitting itself into three separate companies, said Thursday its profits plunged 75 per cent in the third quarter due to a one-time charge, but its core telecommunications business turned in a strong performance. It said it earned
          Reuter  -  77 words
        • Article
          Lock icon Johnson & Johnson to bid for Cordis
          49 7 Johnson Johnson to bid for Cordis NYT NEW YORK Frustrated by months of fruitless and largely one-way dialogue about a friendly merger, Johnson Johnson announced on Thursday that it intended to make an unsolicited US$l.6 billion (552.27 billion) tender offer for Cordis Corp, a manufacturer of cardiology devices. NYT
          NYT  -  49 words
        • Article
          Lock icon TDK profit jumps 48.8%
          67 7 AFP TOKYO Japanese audio and video tape maker TDK Corp said yesterday its consolidated earnings jumped 48.8 per cent from a year earlier to 7.37 billion yen (SSIO4 million) in the three months to June. TDK, also a major manufacturer of electronics parts such as ferrite
          AFP  -  67 words
        • Article
          Lock icon Groupe Bull's loss narrows
          63 7 Bloomberg Business News PARIS Groupe Bull, France's largest computer company, said its net loss for the first nine months of 1995 narrowed to 874 million French francs (***** million) from a restated loss of 2.18 billion francs in the year-earlier period. The state-controlled company said in
          Bloomberg Business News  -  63 words
        • Article
          Lock icon Gillette profit rises 17%
          84 7 Bloomberg Business News BOSTON Gillette Co said third-quarter earnings rose 17 per cent on higher sales, new products and international expansion. The Boston-based maker of Sensor Excel razors, Paper Mate pens and Braun appliances said net income rose to U*****.2 million (*****.5 million), or 46 US
          Bloomberg Business News  -  84 words
      • Article, Illustration
        Lock icon McDonald's 3rd qtr net surges 14%
        163 7 Bloomberg Business News OAK BROOK, Illinois McDonald's Corp said its third-quarter earnings rose 14 per cent on higher US and international sales. The world's largest restaurant chain said net income rose to US$4OO.l million (***** million), or 56 US cents a share, from U*****.8
        Bloomberg Business News  -  163 words
      • Article
        Lock icon Salomon posts US$268m 3Q profit, Buffett cashes out
        290 7 NYT NEW YORK Thursday should have been a red-letter day for Salomon Brothers, the troubled brokerage Arm: its earnings in the third quarter were remarkably strong for the first time in almost two years. But the decision by Berkshire Hathaway Inc, the
        NYT  -  290 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        568 7 vmm ¥oy no wnn ajttv«i ufpinure Pqi^ (BTSbkmur Jaya 4/95 J1 alongside 21.10/0800 (BT) Safina Jaya 2/95 J1 alongside 21.10/1700 (BT) Sejab 1/95 J1 alongside 21.10/0800 Aula Seraya AS/14/95 J21 alongside 21.10/2000 Bharatendu 50H J12 alongside 21.10/1900 Buana Indah 18/95 J3 alongside 21.10/2300 Bum Putra 10/10/95 JlO/11
        568 words
      • Article
        CONTAINER SCHEDULES
        1755 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Racord Booking/Baianc* Rsits Ship Voy No Etfa/Btr Ported From To From Ac* Jade 261A 22/0600 2A 20/1700 21/0659 21/0900 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1700 Acx Uy 06&A 21/1500 IA 20/1500 20/1659 20/1900 Ac* Lotus 071 23/0300 2B
        1,755 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bank Negara may up retail lending rate by 100 basis points
        402 8 Knight-Ridder SINGAPORE Bank Negara may be aiming for a rise of more than 100 basis points in retail lending rates in the next few months, given that a new formula for banks' base lending rates will soon be introduced
        Knight-Ridder  -  402 words
      • Article, Illustration
        US$ in directionless trading
        330 8 DBS Bank weekly currency review USS/mark VOLATILE trading for the USS/mark was seen this week as the unit see-sawed between 1.4030 and 1.4280. Range trading for USS/mark is likely to continue between 1.4030 and 1.4430. Intermediate resistance is seen at 1.4160 and then at 1.4330. A
        330 words
      • Article
        Lock icon Moody's downgrades ratings of 3 Japan banks
        181 8 Bloomberg Business News TOKYO Moody's Investors Service lowered the credit ratings of three of Japan's largest banks, saying they have not done enough to improve their weak financial condition. The credit rating agency said it cut its long-term debt ratings on Hokkaido Takushoku
        Bloomberg Business News  -  181 words
      • Article
        Lock icon Guangdong suspends trading, fines broker in rice scandal
        279 8 Bloomberg Business News GUANGZHOU Chinese securities regulators yesterday suspended morning trading and fined a broker on the Guangdong United Futures Exchange after frenzied speculation in long rice futures. Officials played down the incident, which comes on the heels of a plywood futures
        Bloomberg Business News  -  279 words
      • Article
        Lock icon Experts urge adoption of global standards to limit derivatives risks
        560 8 Reuter CHICAGO The threat of derivatives losses will continue to loom as long as huge discrepancies exist between regulations in various trading countries, experts say. Speaking at "Futures Options Expo '95", experts from Britain and America discussed ways in which
        Reuter  -  560 words
      • Article
        Lock icon Banharn's call to cut rates puzzles bankers
        371 8 Reuter BANGKOK Thai Prime Minister Banham Silpa-ar-cha's call this week for the central bank to review ways to cut lending rates has puzzled bankers, but Finance Minister Surakiat Sathienthai said it would not upset domestic monetary management. Most bankers and economists reacted negatively
        Reuter  -  371 words
      • Article
        Lock icon Oil prices slump again on falling prices in New York
        267 8 Reuter LONDON World oil prices clawed back a few cents yesterday after the previous day's swift drop but failed to hold the gains in a burst of technical selling. Brent blend futures on London's International Petroleum Exchange were down eight
        Reuter  -  267 words
      • Article
        Lock icon LONDON
        188 8 Reuter LONDON The dollar slumped to a two-month low against the mark yesterday as the powerful German currency flexed its muscles, battering the lira in particular on Italy's latest bout of political uncertainty. The US currency plunged through a key market support level of 1.4040 marks and traded at
        Reuter  -  188 words
      • Article
        Lock icon NEW YORK
        91 8 AFX-Asia NEW YORK The dollar was off its lows at midday, recovering from a sharp decline earlier in the session in which it broke below 1.40 marks, traders and analysts said. Dealers said strength in the mark, bolstered by a flight to quality following news that former Italian
        AFX-Asia  -  91 words
      • Article, Illustration
        Untitled
        1272 8 Trade-omghud mdex calculated agotmt S pore s up 14 tradmt portion. Bateytar I9M US$/S$ forward rate Noon Oct 20 s$ BU Offcr 1-month ***** 1.4202 2-month Ml 59 1.4174 3-awoth 1.4128 1.4143 6-nomh 1.4037 1.4037 Source: OCWC Source: OCBC FOREIGN CURRENCY NOTE RATES At it 9m m Oct 20 Sing*
        1,272 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures end softer
        1261 9 Reuter SINGAPORE Simex Euroyen futures shed some of their recent gains to end a bit softer yesterday, while -Eurodollars continued to trade downwards on the back of Federal Reserve chairman Alan Greenspan's comments in the morning. Dealers said Euroyen futures were likely to see further correction
        Reuter  -  1,261 words
      • Article
        KL tin eases despite higher close in London
        643 9 COMMODITY REPORTS KL Tin Tin price on the Kuala Lumpur Tin Market eased 12 sen to finish at M$ 15.38 per kg despite the higher closing on the London Metal Exchange. Three-month tin on the LME closed US$3O higher overnight. Dealers attributed
        643 words
      • Article
        Thai govt cuts coffee exporting fee
        102 9 BANGKOK The Thai Commerce Ministry will cut the fee the government collects from coffee exporters to one baht per kilogram from five baht to reflect declining coffee prices, a ministry official said. The cut in the fee kndwn locally as the coffee premium will
        102 words
      • Article
        China's copper, aluminium output up
        51 9 HONGKONG China's copper production was 631,000 tonnes in Jan-Sep, up 20.8 per cent compared with the same period last year, the official China Material News reported yesterday. Aluminium production in Jan-Sep was around 1.22 million tonnes, up 17.2 per cent on the year, the report
        51 words
      • Article
        Russia aluminium exports up 2%
        87 9 MOSCOW Russian exports of primary aluminium were i .75 million tonnes in the Jan-Sep period, up around 2.1 per cent from 1.72 million in the same period of 1994, according to Russian State Statistics Committee data quoted by the Interfax News Agency. Over the same
        87 words
      • Article
        China steel production rises
        77 9 HONGKONG China produced 69.15 million tonnes of steel in Jan-Sep, up 0.62 per cent from the same period last year, accoiding to a recent report from the State Statistics Bureau. China produoed 92.61 million tonnes of steel in 1994, according to government statistics. Meanwhile, production of
        77 words
      • Article
        COMMODITY PRICES
        1396 9 SICOM Futures fTuhhar KUDCm (futurM cloting as at 5.30pm) RSS 1 Contract (Scents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 95 216.00 214.30 214.50 325 1500 Dec 95 212 50 211.00 211.00 350 1600 Jan 96 212.00 208.50 201.50 175 1200 Feb 96 212.00 200.50
        1,396 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        953 10 -5.1 Australian shares closed 0.2 per cent weaker yesterday following a day of lacklustre trade without inspiration from offshore, brokers said. The Australian stock market's leading indicator, the All Ordinaries Index, fell 5.1 points at the finish to 2,106.8. The All Industrials Index dipped 3.3 points to 3,157.9 while
        953 words
      • Article
        Manila
        541 10 -12.15 Philippine share prices fell 0.5 per cent yesterday as positioning on initial public offerings (IPOs) and the drop of dominant carrier Philippine Long Distance Telephone Co sidelined investors. Property developer Fil Estate Land Inc and construction firm BM Consunji Holdings Inc which will make its debuts in the
        541 words
      • Article
        Seoul
        440 10 -533 South Korean share prices dropped another O.S per cent, with most investors remaining on the sidelines following an alleged financial scandal involving a former president, brokers said. "The sell-off triggered by the alleged scandal reported on Thursday that a former president stashed away 400 billion won, persisted on
        440 words
      • Article
        Taipai
        487 10 +12.14 Taiwan share prices closed 0.2 per cent higher in a narrow correction following a freefall during the previous session, dealers said. "Sentiment has been greatly depressed by Thursday's sharp decline and the market is set to consolidate in the near term," Albert Lin, an analyst at Golden Securities
        487 words
      • Article
        New Zealand
        253 10 +2.59 A decline in Telecom took the shine off an otherwise strong New Zealand share market, the top 40 index ending with a just a slight gain. Turnover remained high. The NZSE-40 Capital Index ended 2.59 points higher at 2,206.02. Turnover was worth NZ$59 million. Further declines in
        253 words
      • Article
        Bombay
        108 10 -25.95 Share prices fell on the Bombay Stock Exchange (BSE) with the 30-share index dropping 25.95 points to 3,514.42 points after the rupee plummeted against the greenback, analysts said. "More attention was focused on the foreign exchange market where the rupee continued to hit new lows. The rupee closed
        108 words
    • WORLD STOCK MARKETS
      • Article
        London
        705 10 -27.2 Share prices closed lower, with Wall Street's poor opening further undermining a market hit by profittaking and futures selling, dealers said. The FT-SE 100 Index was down 27.2 points at 3,551.4 after ranging between 3,541.9 at 2:48 pm and 3,594.3 at 8:54 am on the d^y. The FT-SE
        705 words
      • Article
        Paris
        158 10 •16.58 Share prices closed lower, falling for the fifth day in a row as the franc weakened again on the foreign exchange market. The CAC-40 Index finished down 16.58 points at 1,740.72, taking its decline for the week to 76.31 points. The index set a new 7month low of
        158 words
      • Article
        Milan
        119 10 •224 Stocks nosedived yesterday due to renewed political instability following the announcement by former Premier Silvio Berlusconi that he would file a no-con-fidence motion against the government. The Mibtel Index plummeted by 224 points or 2.4 per cent to end at 9,077, while share volume was only moderate at
        119 words
      • Article
        Toronto
        251 10 •22.19 Canadian stocks plunged for a third session as the Canadian dollar weakened prompted by a poll show- ing the secession movement in Quebec is strengthening and hurt interest-sensi-tive bank shares, traders said. The Toronto Stock Exchange 300 Index fell 22.19 Eoints to 4,453.30. On the roader TSE more
        251 words
      • Article
        Johannesburg
        355 10 •27 A Shares ended steady at lower levels established in morning trading as investors withdrew while they awaited clearer direction following the market's roll-er-coaster ride this week. The stronger rand and a weaker bullion price dragged sentiment lower but the biggest factor was caution. The Overall Index was off
        355 words
      • Article
        Frankfurt
        202 10 -9.11 Share prices closed lower in quiet floor trading, with sentiment dampened bv weakness in the dollar, traders said. The DAX Index was down 9.11 at 2,170.49, after trading in a range of 2, 166.88-2,183.20 throughout the session. The DAX 100 was down 3.35 at 1,134.21 and the Composite
        202 words
      • Article
        Brussels
        165 10 +1.06 Belgian stocks closcd for the week 6.08 points, or 0.43 fcr cent, lower, as a threat y Italian legislator Silvio Berlusconi to bring down the government sent Europe's markets tumbling. The Bel 20 Index closed up 1.06 at 1,420.02 after being as high as 1,427.14 earlier. While stocks
        165 words
      • Article
        Zurich
        253 10 -4.1 Shares closed lower in moderate trading as the dollar's renewed decline pushed industrial shares lower and the Soffex options expiry suppressed trading volumes, dealers said. The Swiss Market Index closed 4.1 points lower at 3,120.4 and the Swiss Performance Index shed 3.08 to 2,020.03. A Credit Suisse analyst
        253 words
      • Article
        New York
        733 10 -4 Wall Street stocks were weak and range-bound at midday in a market dominated by individual earnings reports and double-witching expirations. Analysts said stocks were also under pressure from weaker overseas markets and a sell-off in bonds. The Dow 30 could be nearing a short-term top, they added.
        733 words
      • Article
        Untitled
        695 10 Stockholm Oct 20 Skr AM ***** -7.00 Agtn M9 .00 0 JO MmCopoo 10* 00 unch Elect roliui J0I.00 -7.00 EncaonTdLMABB— 149 X) -2.00 40 20 -0 40 SKF 137 00 -2 00 Sandv* 131 JO unch Skandia IM0C -100 Woho IM JO -J JO Oct 20 Fta ABN Aiaro
        695 words
    • Article, Illustration
      Lock icon HONGKONG
      2307 11 Reuter, Bloomberg Business News HONGKONG Stocks finished sharply lower yesterday on a late round of profit-taking triggered by index futures-nnked selling, brokers said. The Hang Seng Index plunged as much as 106 points before levelling off to close at 9,895.24, down 86.37 points. It had gained nearly SO points
      Reuter,; Bloomberg Business News; Source: Bridge Info  -  2,307 words
    • Article, Illustration
      Lock icon CHINA
      671 11 CLSA The CLSAH Index fell 0.1 per cent, with turnover doubling to U557.67 million. Shanghai Petrochem remained unchanged and accounted for 36 per cent of total turnover. The CLSA Shanghai B Index closed 0.93 per cent lower on turnover of US$5.B6 million. Turnover in the Shanghai B market increased
      CLSA  -  671 words
    • Article, Illustration
      Lock icon TOKYO
      2360 11 Bloomberg Business News JBTOKYO Stocks climbed for tile second day yesterday, led by electronics shares, as investors lctok forward to strong earnings figures next week from Japan s tpp electronics companies. The US market has reached new highs with the help of computer shares and Japanese hightech companies are
      Bloomberg Business News; Source: Bridge Info  -  2,360 words
    • Article, Illustration
      Lock icon BANGKOK
      1367 11 AFX-Asia BANGKOK Share prices closed lower yesterday on profit-taking led by financial and building stocks, dealers said. The SET Index closed down 15.30 points at 1,282.31, off a low of 1,273.60 and a high of 1,297.81. Turnover was 5.20 billion baht with 620,810 lots traded. Losers led gainers 243
      AFX-Asia; Source: Bridge Info  -  1,367 words
    • Article, Illustration
      Lock icon JAKARTA
      1073 11 AFP JAKARTA Indonesian share prices closed 0.2 per cent lower yesterday, in moderate trading with most investors sidelined ahead of the Telkom IPO. "We saw at least two trends taking place. One is the accumulation of stocks prior to Telkom. The second is profit taking. by investors trying to
      AFP; Source: Bridge Info  -  1,073 words
    • Article
      CLOB INTERNATIONAL
      2384 12 Gr Gr IMS Laat V«l On Lam Oak Dh Oh YU M M Cap Ht* Lot, Sua n ii| i Safe W- CMS) H%k lam Bayar Safer CV P/l W MALAYSIAN STOCKS 47* 196 3000 AISB 50c 326 *11 111 326 30* 324 326 3 0 -2.9 0.)
      2,384 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares surge as foreigners focus on blue chips
        6557 12 AFP, Bloomberg Business News KUALA LUMPUR Malaysian share prices rose I.S per cent yesterday as foreign investors, long sidelined by worries of an overheating economy, focused on selected blue chips hit by weeks of falls, dealers said. "Foreign investors are back in
        AFP,; Bloomberg Business News; Source: Bridge Info  -  6,557 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8397 13 Of G» VI Wt taL**" Lm Vel Day UmQm IN* Di» VU Net Cap At« MM Lot Staa Clan l| Salt W- C*M) Hip* Laa Bayer Sate ft Co P/l Sari Prte 210 IM I2SS Acer 50c US 113 unch 107 ItS IS4 It) IN 12.6 306.) r 3)0 3*2
        8,397 words
      • Article, Illustration
        Lock icon STII breaks 2,100 after record performance by Dow
        1795 14  -  By R Sivanithy SINGAPORE Stocks firmed yesterday after Thursday's record-breaking performance on Wall Street, with both the Straits Times Industrials Index and Kuala Lumpur Composite Index regaining key levels that were lost recently. In light trading, the STII rose 19.18 points to
        Charts by Bridge Info; Source: Bloomberg  -  1,795 words
  • Page 5 Advertisements
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      298 5 NEWS VALUE Brokers get their break to do corporate finance basinets (pg I) New source of income is probably insignificant relative to commission income. HTUC invests hi bousing co-op to MM exec condos (pg I) Expected, but NTUC's role in moderating prices has been very effective. I? Sc«tls Rd condo
      298 words
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      235 6 TQL^?RE^rEL^?oTSos^>r7a^ffS!x!^B-129e M THE MATTER OP THE COMPAMES ACT, CAP. 90 AND M THE MATTER OF BUUM RUBBER ESTATES UMTTB) (W MEMBERS' VOLUNTARY UCNNDATON) NOTICE OP FMAL MEETMQ NOTICE IS HEREBY GIVEN pursuant to Section 308(1) of tie Competes Act, Cap. SO that tha Final Meeting of Members of the Company
      235 words
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      Page 6 Advertisements Column 2
      295 6 NOTICE IS HEREBY GIVEN that, I UM SOON AJK of BJk 51 Marine Terrace *13-147, Singapore *****1, have applied for a First Class Beer House licence in respect of M/s Carpmael Coffee House located at 75 Carpmael Road Singapore *****2, and that this application will be considered in Court No
      295 words
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      Page 6 Advertisements Column 3
      191 6 Rt TME MATTER OP THE COMPANKS ACT. CAR. M AMD MTME MATTER OF (In Mamban' Vnfcmlary UquMatton) AT m EMraonflnary Oanarto MaaSng at Ma Company HaM on IT* Octobar IMS M I*2 Buk* Marah Canlral M4-ISSI Stogapan 1301*2 Ma tokwtog RaaaMton aw* dtoy paaaadThM Ma CajjiwJbawOMnd upvatonlai*y and MMMr Km
      191 words
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      49 8 You may have baan unabie to gat your Business Times, Strata Tlmee, Sunday Tlmee. UanHe Zaobao and othar da#y newspapers from your usual newsstand bacauae of ttw higher demand latoly. To ensure a daNy copy, cal Customer Services Section oa 1800-749-2577, and ask lar home or office delivery service.
      49 words
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      Page 11 Advertisements Column 1
      46 11 Celebrating Singapore's Enterprising Spirit Be part of the Enterprise SO list A ranking of the fifty most enterprising, privately-held local companies. Come forward and claim your place on the list It's an honour. Call the Enterprise 50 hotline 290 8998 for a nomination form. (jt>6ixnNc Busmessßmes
      46 words
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      112 12 IStop by any Hong Leong Finance or Singapore Finance branch with your share scrips, allocation slips and contract notes. Period pboowla# Receive cash over the counter up to 70** of the current j mor)th 0 g 10.89 m market value or cap price (whichever is lower). W 2 months 1.7
      112 words
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      352 14 1 Stock code number for Quick Stock Portfolio Manager service and real-time stock info. Call 1900-913-0003 at 30 cents a minute. T~ i r 3 I BUSINESS TIMES LIFESTYLE EXCLUSIVE ENTRY COUPON mi avoid t. I a iiy-" g m a. j-•♦?/>-) k».»~ v There are tiw> parts to the
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      21 14 SS lh SS SJSSStii* lM jm nmm 1 Pubtahad by JartSna Remmg international Securities United (Incorporated in British Mrgin I aland)
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  • Executive Lifestyle
    • Article, Illustration
      Bangkok's new shopping deal
      1872 15  -  j While it was once enough for Bangkok retailers to simply open their doors and wait for trade to flow in, attracting customers away t from the competition is now proving to be the biggest business challenge of all. Alan Boyd reports Alan Boyd The writer
      1,872 words
    • STRAWS IN THE WIND
      • Article
        Car wars
        26 15 IN THE never ending game of one-upsmanship played by local car owners, here's how one BMW fan describes a SAAB: "Still Ain't A Beemer".
        26 words
      • Article
        All at sea
        55 15 A BT correspondent recently had a first-hand experience of the average American's knowledge about geography. Checking into a connecting flight at Tri-Cities airport near Seattle, he asked the woman to checkin his baggage straight through to Singapore. After anxiously conferring with colleagues she asked: "Is Singapore on
        55 words
      • Article
        Multiple exposure
        61 15 PRICE WATERHOUSE partners were thrilled not only to read the firm's name all over the papers in connection with the Barings report but also to see a front-page photo in BT of two men carrying their report. The reason: the first man's shirt had the name KPMG Peat
        61 words
      • Article
        Hard Sell
        25 15 FIGURE this out for yourself. A computer shop in Funan Centre continually advertises in the Classified Ads to sell "Large Capacity Hard Dicks".
        25 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Giving politics a good name
        2350 16  -  3uC THE RAFFLES CONVERSATION Norwegian Prime Minister Gro Harlem Brundtland is a practical politician who enjoys an enviable degree of international clout. Kevin Sullivan finds out what she has to say about the United Nations, World Economic Forum and ecology Kevin Sullivan GRO Harlem Brundtland,
        Photos by Arthur Lee  -  2,350 words
      • Article
        Towards constructive Euro-Asia dialogue
        387 16 SPEAKING at the World Economic Forum's recent talkfest in Singapore, Norwegian Prime Minister Gro Harlem Brundtland enjoined European and Asian leaders not to lecture one another on governing principles. The following day, with characteristic conviction, she returns to this theme. "Euro-Asian dialogue is an important example
        387 words
    • OPINIONS
      • Article, Illustration
        Lock icon You just can't keep LA down
        848 17  -  LETTER FROM LOSMKBB City of Angels has gone from American Dream to American Nightmare, but it's looking forward to a new boom period LEON HADAR The writer is BT's Washington correspondent IWAS leaving Washington, DC, on my way to Los Angeles on Sunday evening
        AFP  -  848 words
      • Article
        Lock icon Tobacco firms seek to deceive with ads promoting choice
        468 17  -  Anthony Lewis NYT LEADING American newspapers have been carrying fullpage advertisements for RJ Reynolds Tobacco Co. One adfeatured a large photograph of a man with a somehow menacing smile. Below it was the headline: "Who Should Be Responsible for Your Children,
        NYT  -  468 words
      • Article, Illustration
        Housing data should be read with care
        491 17  -  LETTERS TO THE EDITOR Gillian Tan executive Mtawistrmtive officer, for ckief exeothc officer 6 chief planner URA WE REFER to the article "URAfcreport needed despite inaccuracy Yq(£T. Oct 7). Your article allows us the opportunity to explain to your readers the nature of
        491 words
      • Article
        Marina Mall site to be sold in commercial tender
        325 17  -  Joycelyn Koh hoard secretary A head (corporate services) for chief executive officer A chief planner USA WE REFER to your article "Marina Mall a govt job?" (BT\ Oct 17). In line with the planning vision for the Downtown Core (Part) Development
        325 words
      • Article
        Carnaud Metal Box shareholder laments
        189 17  -  Denis Distant AS A long-time shareholder of Carnaud Metal Box Asia Ltd (CMBA), it was no pleasure to read Lee Han Shih's report "City Dev, Centrepoint could each make over $100 million from sites" (BT, Oct 14). Less than a year ago, CMBA sold its
        189 words
      • Article
        Coalition will ensure steady ties
        263 17  -  Jocelyn Newman Shadow Minister for Defeace Canberra, Australia I WOULD like to respond to some of the statements in Mohan Kuppusamy's Bottomline column (BT. Oct 10), concerning the recent speech by Australia's Opposition Leader, John Howard. The Federal Coalition is committed to building on the
        263 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (OCT 24-27)
          651 18 Those polled for their views on the Singapore stock market for the week ahead are: Baring, Daiwa, Fraser Securities, GK Goh, Kim Eng, Deutsche Morgan, Nomura, Phillip, SG Warburg, Smith New Court, WI Carr, Peregrine. BUY! Standard Chartered Securities (Oct 17) Singapore Technologies Industrial Corp
          651 words
        • Article, Illustration
          In my opinion ...
          436 18  - In my opinion Dr Sulaiman Mahbob Executive director Malaysia* Institute of Economic Research (MIER) T would be most inI accurate to judge a A. country's strengths by the performance of its stock- market alone. The wealth and capability of its natural, physical and human resources are definitely its underlying strength.
          436 words
      • Article, Illustration
        Lock icon Sembawang faces growing pains as it changes course
        687 18  -  Lee Yoke Har COPING with change is often painful. And in Sembawang Corp's case, it is no different. Within a span of less than five years, Sembawang has undergone major shifts, mainly in its business profile. Of late, some ardent Sembawang watchers
        Source:  -  687 words
      • Article
        Broking houses differ on impact of credit curbs
        811 18  -  William Chia looks at how Bank Negara's move to curb easy credit will affect performance of listed car, property and finance companies William Chia Analysts differ on how Bank Negara's move this week to curb easy credit for cars and housing will
        811 words
      • Article
        Lock icon Derivatives experts turn focus to Internet craze
        301 18 Reuter Derivatives experts are giving investors new ways to play the Internet craze, one of the hottest trends on Wall Street. The August debut of Netscape Communications Corp immediately focused investors' attention on the net as the stock nearly tripled in its first
        Reuter  -  301 words
      • Article
        Some recent corporate updates in the group
        229 18 AS AT April 1991: Stepped up foothold in aviation industry. Went into joint venture with state-owned Hainan Airline to form Sembawang Hainan Tour and Aviation Services. Oct 1991: Restructuring of Sembawang Holdings underway. April 1992: SSL (Sembawang Shipyard Ltd) acquired Sembawang Engineering from
        229 words
      • Article
        Lock icon Wall Street gets a healthy dose of hospitals and doctors
        573 18 Cost cutting and mergers have helped the once-ailing US healthcare industry Bloomberg Business News EXCEPT for the birth of his four sons, Brooks O'Neil never spent much time at hospitals. So when Mr O'Neil, an analyst covering grocery and food
        Bloomberg Business News  -  573 words
    • PERSONAL FINANCE & INVESTMENT
      • Article, Illustration
        Lock icon Tough times ahead for STII
        736 19  -  Two leading US technical analysts share with Paul Leo their readings of the charts, which indicate a sellofFjust before Christmas Paul Leo THE Straits Times Industrials Index is heading for difficult times, said two prominent USbased technical analysts. Stan Erlich, inventor of the J mechanical
        Source: Tetetrac  -  736 words
      • Article
        Poor earnings, high PEs likely to rein in market
        922 19  -  Why Stanchart Securities is cautious on shipyard, hotel, property stocks. Lee Yoke Har reports Lee Yoke Har TANDARD Chartered Securities expects a poor kJ earnings outlook and high price-earnings ratios to < keep the Singapore stock market in a tight range
        922 words
      • Article, Illustration
        Lock icon Why the M'sian economy needs to be cooled
        932 19  -  Eye on the region Haridas Ramasamy welcomes the recent moves to curb credit, but he argues that more needs to be done Haridas Ramasamy The writer is senior economist of the Investamatk Economic Unit Malaysia has become an enigma of sorts. For
        Source: Bridge Info  -  932 words
    • Article, Illustration
      Imprudent dealings
      813 20  -  By KEVIN SULLIVAN Going For Brake, Nick Leeson and the Collapse of Barings Bank By Jndkh Rawnsley HarperCollins, 192 pages, $33.90 JUDITH Rawnsley worked for Baring Securities in Tokyo in the late 1980s; she also '•pent several years covering Asia as a Fi- nancial journalist. The author is
      813 words
    • Article
      Glued to the cop Web
      601 20  -  WeftMrfits By John Lul f J siren-squealing, Colt 45-drawtag! crime and punishAnd who should know better about the *$hin blue line than Ken Pence? His home page (http://www.nash- ;vfflej»et/~pence/)tells us that he served 16 years in the Metro Nashville SWAT team, -has a Mack belt
      601 words
    • Article, Illustration
      Collectibles for connoisseurs Collectibles for connoisseurs
      976 20  -  By SUSAN TSANG LOCAL art collectors will have their hands and eyes full this weekend, especially with Sotheby's showing some ceramics pieces that have not been seen on the market for decades. Auction houses Sotheby's and Christie's are both holding previews for their Hongkong
      976 words
    • Article, Illustration
      Taking time off to celebrate Taking time off to celebrate
      928 20  -  Goh Hwee Leng visits the headquarters of Swiss watchmaker.Frbnck Muller and finds it a place worth working overtime for Goh Hwee Leng The writer is a freelance journalist who contributed this article to Executive Lifestyle AS THE fireworks exploded in;
      928 words
    • Article, Illustration
      Californian excursions
      1059 21  -  Trawl By CLAIRE LEOW WITH airfares to the US West Coast now at record low prices, Los Angeles and San Francisco have become bargain destinations. What's more, domestic flights within the US have also become much cheaper, so a few side trips to natural reserves such as Grand
      1,059 words
    • EPICURE
      • Article, Illustration
        Return of the Blue Elephant
        698 22  -  BmAppiMl By JAIME EE F YOU wanted to cat Thai food prepared by a visiting I chef, would you rather he or I she came from Thailand or .JL. London? Unlike most people, Checkers Cafe at the Hilton Hotel thinks that some of the best
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      • Article, Illustration
        New man at the Tandoor
        549 22  -  By HARISH MEHTA IT IS no secret that the two best Northern Indian restaurants in Singapore are Rang Mahal at the Imperial Hotel and Tandoor at the Holiday Inn Parkview. These two restaurants routinely knock each other off the first place in a competition that
        549 words
      • Article
        The beauty of the big format
        807 22  -  fflne By N KYONG I LOVE large bottles, the larger the better. In large formats (magnums, double-magnums, jeroboams and imperials), because the ratio of wine to air is much higher than in standard bottles, maturation proceeds very much slower. Not only does the wine
        807 words
      • Article, Illustration
        Wines delivered to your doorstep
        468 22  -  By CORINNE KERK IF YOU enjoy wine but don't want to embarrass yourself in front of the daunting array available at the supermarkets, try home delivery. Cellarmaster Wines (Singapore), a month-old franchisee of its Australian counterpart, offers direct home delivery and claims to sell "top
        468 words
    • Article, Illustration
      CINEMA
      1027 24 Aumlni. Sly Stallone is a hit man who wants to quit. But he must deal with a young hopeful (Antonio Banderas). Lido: 5.30; 11.45. Capitol: 5.15; 11.45. Chinatown: 5; 11.30. Changi, Eastshore: 5; 12am. Republic, Woodlands: 4.45; 11.45. Hougang, Savoy, Jurong, Queenstown: 11.45pm. Yishun 4; 4.40; 11.30; 12am; 2.10;
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      Page 16 Advertisements Column 1
      48 16 4£« 14^^-&S iff: -M <*■ *y M '.J'- .;v- ~.> 7? v* *v®~ •«*»>■ *^2*'"^LT,. r*"-*' ...i l ifSg iv mt B 111 JP* ■(jPr^lBB^Jj(p^lNjM|p^^Bi^'i^S(p*tBS^KSKiEif' ••~~i*.< /i r *S->;' NT$"-?jT£*T; x 'V STOW IBH«B8e I JTtSIf C &V 1 *w* 4r Js IK**' ySW^SBaBBSwSBs X V' 1 I— ",~w m-
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  • Page 17 Advertisements
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      277 17 if f r v <-r ll I'f <*o C S -r a v_j <* ?MBK '4:-.' I PBHWB! pJOHNNT CASH KRIS KRISTOFFERSON < J r WILLIE NELSON WAYLON JENNINGS j //'<■ /our i fhc! <j/ < itiinl)' th >ifl het >>n to i < imhi ne tlH'ii t<i lent v
      277 words
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      Page 17 Advertisements Column 2
      149 17 'The '.Return .Of 'Hie Legem! <- v v 4 4 k ''V" i•7 j J I "Itiidd\ (<u\ is h\ far tin l>< st "uitui i>ld\>i iiliit 111 i'( all ilnnmid tin < "til's* "I i <>i I: unci roll l>lm s. Ii it htpt'ni lire i nil tit 111
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  • Page 20 Advertisements
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      29 20 m nil l I 1 J -'-j Jjl pi y; t+#L V 2aJiSSlOi f IPMKe* j*•' > fcMßgr ;'^r«Cv*fS IjnßSk v &i<#,/"v. .>k< je- ...> .«R^ i -"-Aj —~—,—i—•. -i j.
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  • Page 23 Advertisements
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      736 23 The World's Favourite Beer. i-HWIHMWOIDMWMWCMDn y K|UA\ villi mivniv »in« YiT^ Just spend $500 and obcwe wtthin 6 monihs at any of our oufafe to quoWy far our gotd card membership. Mm msa m simmi m m O*»M«wS9II4]WaMaOIRS) uhunforan mi w Msno27i *mmmm JnmP •MUrferflda— •77* v to (Ml hd
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      Page 23 Advertisements Column 2
      314 23 fit WHERE TO WINE, DINE AND ENTERTAIN bring I Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea j breeze at the same time! SIR6P \Fjft I seafood restaurant Offers more than lust in fcjjl 920
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      Page 23 Advertisements Column 3
      256 23 raj-r= =rn n ßl I fancy 'Beijing? I The*, we're deCigkted to suggest tke fine Court for a memorable dining experience. Our lunch menu offers a variety of dian Kf* Veifing dumplings, a selection of ga yj. set menus, and 'Beijing specialities IfljlKv such as 'Beijing Bajgd Tench and Bfpicbgt
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
      2426 24 TODAY'S TV MO Nnk Fnt Cm (See Our 11.00 BtHb Smua. ILO2 JmumßeadlJL MO HisßhjMst. IL3O PrtacsVaia.it. Street Crime, 7.30 m, ChS Chum Cfma Chim, 2pm, SJO WerMsffialf. 12.00 NNBeritotanl2. The police persuade street *5 10.00 Praariar 12.15 PMM^ltomMmdL gangs to put down their guns Dr Jekyll And Mr Hyde
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