The Business Times, 4 November 1995

Microfilm: NL20492
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA(P) 194/12/94 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, NOVEMBER 4-5,1995 85C
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  • Article
    MARKET SUMMARY
    66 1 D 20T7.28 (-2.10) iroovp UK6JO (+4.71) Pi BT-MGA U 171.43 (+4.02) OTHER HABXETS Friday Chuge KLSE OOMP 924.50 +0.98 NIKKEI Closed HANG SENG 9.855.80_„.+106.44 SET INDEX 1,244.80 +0.28 JAKARTA COMP 488JJ2... +1.84 MANILA OOMP Closed TAIPEI WP1 .4,819.99 -6.65 SEOUL COMP 989.74 -4.94 BOMBAY BSE30 ...J.446.41 -14.94 CL&A
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  • Article
    FINANCE
    67 1 BXCH41I6B1A1BS us* ss USI 1.415 S 1.579..... A#4 DM 0.703 ..0.995 YW 0.963 1362 MS 0.393 .....0.556 BAHT 0.040. 0.056 RUPIAH 0.044 ....0.062 PUB BATES SINGAPORE* .6.44 KUALA LUMPUR ...7.95 JAKARTA 17.50 BANGKOK 13.50 MANILA 11.00 HONOKONG 9.00 TAJFB 8.00 SYDNEY 10.75 TOKYO SEOUL 12.00 ZURICH** 4.128 FRANKFURT*** .5.50
    67 words
  • Article
    KLSE ads to reassure investors over forged scrip
    446 1  -  Fake certificates bought through member firms will be replaced, says ELSE statement From, Ho Kay Tat Lee Yoke Har in Singapore THE Kuala Lumpur Stock Exchange (KLSE) yesterday assured investors that its member firms would replace all forged share certificates bought through
    446 words
  • Article, Illustration
    Tokyo reins in Daiwa's global operations
    548 1  -  From. Anthony Rowley in Tokyo DAIWA Bank was ordered yesterday by Japan's financial authorities to reduce its overall international operations. The move followed an unprecedented severe action by the US Federal Reserve against a foreign bank in the United States where Daiwa has been
    548 words
  • Article
    Merger with Sumitomo most likely solution
    228 1 [TOKYO] The most likely solution to Daiwa's problems appears to be a merger with Sumitomo Bank, especially after last night's disclosure that Sumitomo Bank will extend "full support" to Daiwa Bank in the United States. Senior executives of both banks yesterday acknowledged the possibility
    228 words
  • Article
    Daiwa may close two S'pore units, but offshore branch likely to stay
    237 1  -  By\ Shiv Taneja [SINGAPORE] Daiwa Bank may close two of its subsidiaries in Singapore but its offshore branch here may be spared the axe. According to an AFP report yesterday quoting a Daiwa spokesman in Tokyo, the bank
    237 words
  • Article, Illustration
    New Horiguchi owners barred from future bids
    379 1  -  By Lee Han Shih [SINGAPORE] The Malaysian parties who recently took over second-board listed Horiguchi Engineering were strongly censured yesterday and prohibited from making a bid for another listed company here for two years. The measures arguably the strongest in recent years were
    379 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      133 1 nngpß Lsll Tile of daring in the mdnstry Japanese millionaire Masayoshi Son's success story is all about entrepreneurial flair and daring in the competitive international computer industry, Raffles Conversation, BL2 MEWBVAUJE KLSE mj» Brwa wfl i*. This page Clob investors would surely welcome a similar assurance from the SES. Stroag
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      Page 1 Advertisements Column 2
      35 1 Spreading rumours of forged share scrip spook investors ISING AFOREI Rumour swirled yeatnrdny of mor r r h1 M"'» ITRtrl Commentary: The meaning of the penalty; US seta Feb 2 deadline for Daiwa, Pg 7
      35 words
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      Page 1 Advertisements Column 3
      242 1 M ■c«i«fch typmimtm IH I f II Ioo4r Kit *a 4 hmAM %MMT H B—M —d ligfctiiiigfci I IMla (UnWlm $799 •yKJJ ImmlnUpn. v Jw pi A Once again. HP does the unexpected. For a phenomenally low price, the HP LaserJet SL printer offers 600 x 600 dpt. smoother curves
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Second wing firms see surge in demand for local managers
      559 2  -  Survey shows 1466 more key managers are needed for postings abroad over next 3 years Teh Hooi Ling SINGAPORE companies going regional will need more than double the current number of key local managers working abroad over the next three
      CHRIS LOH  -  559 words
    • Article, Illustration
      House votes to censure both SDP and Chee
      552 2  -  Dllil&liMßMT Party foils to make unequivocal stand on S'pore's judiciary By Chuang Peck Ming THE Singapore Democratic Party was yesterday cornered in Parliament into making clear its stand on the judiciary, but members of the House, after hearing the remarks of the
      552 words
    • Article
      Engineers a must for temporary buildings
      142 2 THE government has made it compulsory for workers' quarters on construction sites here to be designed and buUt under the supervision of a professional engineer. The requirement, effective yesterday, foUows an accident in AprU which left one man dead and 64 injured. They were
      142 words
    • Article, Illustration
      Lock icon Schenker Int'l moving Asia-Pac HQ here
      301 2 GLOBAL freight forwarder Schenker International will manage its Asia-Pacific operations out of Singapore Instead of Sydney from next year. The German-based company, which has more than 300 offices worldwide, has set up a regional head office here under director Ulrich Villinger. From Singapore, Mr
      CHRIS LOH  -  301 words
    • Article
      Trade Net Plus for even faster trade documentation
      246 2 THE Trade Development Board (TDB) wants to make its speedy electronic trade documentation network, Trade Net, even faster with a total system called Trade Net Plus which it plans to introduce by the year 2000. Trade and Industry Minister Yeo Cheow Tong
      246 words
    • Article
      Retiring at 60 allows 40,000 S'poreans to keep working
      277 2 SINCE the retirement age was raised to 60 on July 1, 1993, some 40,000 older Singaporeans who would otherwise have retired at 55 have been able to continue working. The figure was disclosed by the Ministry of Labour yesterday when it
      277 words
    • Article
      Pontiac fails to obtain interim order against CDL
      364 2  -  No decision on name row nntil court case proper By I Conrad Raj PONTIAC Marina's attempt to restrain CDL Hotels International from using its new global brand in Singapore was dismissed yesterday by Justice Warren Khoo. The judge did not feel sufficient
      364 words
    • NEWS Roundup
      • Article
        Robin Heights seeks on bloc sale
        104 2 ANOTHER property in the Stevens Road area will be put up for sale collectively Robin Heights in Stevens Drive. Marketing agent Knight Frank Cheong Hock Chye and Baillieu said yesterday the tender would open on Nov 7 and close on Dec 5. The 48,072
        104 words
      • Article
        Easier visas for Aussie-bound elderly
        68 2 THE Australian High Commission has given oJder Australia-bound Singaporeans an alternative route to get a visa. Visitors aged 70 years or older are now allowed to apply for a visa as long as they have travel insurance which covers medical expenses, provided die visit is
        68 words
      • Article
        Internet access at 30 CCs
        74 2 (4,2,4) DOWN NTUC Income will spend 1500,000 over the next 12 months to provide Internet access at about 30 community centres talandwide. Income will provide an average of four Internet terminals at each community centre, and the public will be able to use these terminals
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      355 2 THE WEATHER Wnppora Showers over several areas in the morning. Temperature (25-32) Arit-Pidßo 81/Lo* Oni Europe HVLe* (ML AMrioa HVU* (M. Auittand 18/12 Showers AnamUm MM Cloudy Atlanto 11-91 Sumy Baagtok Trtora Afteas 16.119 (louth Bono* Am 24/18 Showm Be#* 18/W Sunny Bote 08/03 Cloudy ClacagD B/-4 (Touch Bwtay 34/23
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • Article, Illustration
      BT SENTIMENT INDEX (Nov 6-10)
      728 3 Those polled for their views on the Singapore stock market for the week ahead are: Smith New Court, Philip, Alliance, Daiwa, Kay Hian James Capel, WI Carr, Baring, SG Warburg, Nomura and Credit Lyonnais. Boy! Keppel Securities (Nov 1) Ifc-M* Hatitap. Results were in line
      728 words
    • Article, Illustration
      In my opinion...
      456 3  -  M Ho niidaiy C T dread people asking I me what type of life JL insurance policies I own. Insurance policies are complicated. I can understand why people want to take the easy way and copy what the experts do. I can also understand why they consider
      456 words
    • Article
      Kian Ho IPO hard to refuse
      712 3  -  Price affordable although forecast PE is relatively high By Diana Oon [SINGAPORE] Bearings distributor Kian Ho's initial public offer of shares at 50 cents apiece will be one that buyers will find hard to refuse initially, at least. The affordability of the Kian Ho
      712 words
    • Article, Illustration
      Lock icon Weakness provides chance to bargain hunt
      566 3  -  BYE ON THE RBOXON: INDONESIA Earnings growth is strongest in the region By Andrew Pearson The writer is a research director of PT Peregrine Sewu Securities in Indonesia [SINGAPORE] THE Indonesian market has traded within a thin range over the past few months despite
      Source: Bridge Info; ALLAN  -  566 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      353 3 Association for Investment Management a Research together *4th International Society of Financial Analysts and Singapore Society of Financial Analysts presents MffO' k exploring the frontiers Global equity invesiinO I 29 Nov- 1 Dec 1995, Singapore >: An international seminar that will provide insights on the tools and strategies of successful
      353 words
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  • REGION
    • Article, Illustration
      Lock icon Tycoons vow to stop secret donations
      329 4 SEOUL Korean business federation apologises for involvement in slash fund Reuter AFP Bloomberg Business News SOUTH Korean business tycoons apologised yesterday for their involvement in ex-presi-dent Roh Tae Woo's US$654 million (***** million) slush fund and vowed never again to make secret political donations.
      Reuter; AFP; Bloomberg Business News; REUTER  -  329 words
    • Article
      Lock icon Economy seen growing at 8.7% until 2000
      349 4 BEIJING State Statistical Bureau official also expects inflation to be in single digits AFP CHINA'S economy is forecast to grow at an average annual rate of 8.7 per cent over the next five years, while inflation wUI also be kept in single digits,
      AFP  -  349 words
    • Article
      Lock icon Stock info service firm spread rumours: paper
      204 4 ■SHANGHAI Reuter A SHANGHAI stock comment phone service has been suspended following charges that it was spreading rumours which led to a market fall, the Shanghai Securities News said. The paper said it had been found that the service, operated by Wanguo Stock
      Reuter  -  204 words
    • Article
      Lock icon Govt to lift all curbs on foreign stock investments
      107 4 TAIPEI Bloomberg Business News GOVERNMENT agencies have agreed in principle to lift all restrictions on foreign investment in the Taiwan Stock Exchange by the year 2000, the Economic Daily News reported. The Finance Ministry and the Central Bank of China, Taiwan's
      Bloomberg Business News  -  107 words
    • NOTE Book
      • Article
        Lock icon Chinese firmS owe US$2.7b in taxes
        68 4 Reuter [BEIJING] Chinese companies owed U552.73 billion (553.85 billion) in taxes for the first nine months 0f1966, Xinhua quoted a tax official as saying yesterday. Industrial and commercial tax arrears at the end of September stood at 22.6 billion yuan (593.8 billion), of which
        Reuter  -  68 words
      • Article
        Lock icon Beijing cracks down on counterfeit goods
        64 4 AFP [BEIJING] BeUin« has launched a aeries of raids against violators of foreign trademarks last month, selling crateloads erf counterfeit Evian mineral water and Reebok sports shoes, a report said yesterday. During another raid in the capital, more than 1.8 million Cake Japanese YKK
        AFP  -  64 words
      • Article
        Lock icon Asean leaders to lobby for N-free zone
        56 4 AFP [BANGKOK] Asean leaders will push to designate South-east Asia as a nuclear-free zone at the upcoming summit here in December, a Hial foreign ministry official said yesterday. "The adoption should not be accepted only by Asean but also by all concerned parties,
        AFP  -  56 words
      • Article
        Lock icon China's monetary reform plans
        62 4 Reuter [BEIJING] China will set up a flexible interest rate mechanism and unified national capital and foreign currency markets by 2000, the China StcurUits newspaper said. The central bank will take the proportion of a bank's debt out of total bank debt as the basis for
        Reuter  -  62 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      857 4 ADVERTISEMENT mm spssTS"*"*"""* m Epson Singapore Open JJ~jf r% J SPORTS V.LiX'"v B- v. u, l £f*Ji to t T r i£ dw not »in bui ti v I ,l b l* b to 22L5 "*a^nty* 4 V"* H '**£'-•»> r »yL tlie cm turning pro- Mrn l Han r*»f\
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      446 5 Allied Phillip Capital Management Limited is highly diversified with exposure to both the well-developed proud to announce the launch of the and emerging markets in the Asia Pacific region. The fund Allied Phillip Asia Pacific will select the industry sectors which Growth Fund (the "Fund"). I re^ arC as most
      446 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Long-term rates could fall on US budget pact
      329 6 NEW YORK Chaos in economy if no accord reached, says Fed chairman Bloomberg Business News US LONG-TERM interest rates would fall if President Bill Clinton and Republican leaders in Congress reach a compromise plan to balance the budget, Federal Reserve Chairman Alan
      Bloomberg Business News  -  329 words
    • Article
      Lock icon US jobless rate down to 5.5%
      190 6 WASHINGTON October's rate was the lowest since March Bloomberg Business News US businesses added more new jobs than expected in October as the unemployment rate fell to 5.5 per cent the lowest in seven months. October's increase of 116,000 new jobs, as reported yesterday
      Bloomberg Business News  -  190 words
    • Article
      Lock icon PM given partial control over four key ministries
      139 6 MOSCOW Reuter [MOSCOW] Russian Prime Minister Viktor Chernomyrdin said yesterday that President Boris Yeltsin, recovering in hospital from a heart attack, had handed over to him partial control over four key ministers. Speaking at a news conference after visiting Mr Yeltsin, Mr
      Reuter  -  139 words
    • Article
      Lock icon US Transport Secretary on Asia trade mission
      111 6 WASHINGTON Reuter TRANSPORTATION Secretary Federico Pena leaves tomorrow on a 17-day sales trip to Asia to try to help US firms win a share of the billions of dollars Asians will be spending on new construction. His trip will include the first US
      Reuter  -  111 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      1250 6 WP Singapore Press Holdings (Incorporated in Singapore) ANNOUNCEMENT: AUDITED RESULTS FOR THE YEAR ENDED AUGUST 31,1995 The Directors of Singapore Press Holdings Limited have pleasure in announcing the audited results for the year ended August3l,l99s. GROUP COMPANY U Results 1995 1994 Change 1995 1994 Change $'000 $'000 $'000 $-000 Turnover
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  • FOCUS: THE DAIWA SAGA
    • Article
      More than meets the eye to the harsh US penalty
      645 7  -  COMMENTARY The possibility that the whole affair has been stage-managed by US and Japanese officials is not far-fetched, says amtuumisowlbt ANTHONY ROWLEY THE APPARENT harshness of the punishment meted out by the US Federal Reserve against Daiwa Bank is remarkable.
      645 words
    • Article
      US' Feb 2 deadline for Daiwa
      529 7  -  Unprecedented shut down order by US against foreign bank stuns markets, Tokyo By] Leon Hadar [WASHINGTON] THE US government ordered on Thursday that Daiwa Bank Ltd, Japan's 10th largest bank, close its operations in the United States and slapped a 24-count criminal indictment that
      529 words
    • Article, Illustration
      Lock icon Shocking news
      45 7 [OSAKA] Surrounded by reporters, Daiwa Bank president Takashi Kaiho appeared startled after a news conference at the bank's headquarters yesterday. The US government on Thursday announced a 24-count indictment against Daiwa and ordered the bank to shut its doors in the US. REUTER
      REUTER  -  45 words
    • Article
      Lock icon No bargain basement prices expected at sale
      329 7 Parts of Daiwa not touched by scandal should see interest from buyers Reuter [NEW YORK] DAIWA Bank Ltd's forced sale of its US assets does not necessarily mean bargain basement prices, industry sources said. They said there is likely to be demand by
      Reuter  -  329 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      168 7 NOTICE IS HEREBY GIVEN that. I WONG PUI CHAN of 522 Hougang Ave 6 #06-01 Singapore *****2, have applied for a Retail Liquor Shop Licence in respect of M/s NTUC Fair Price Co-operative Limited located at Jurong Point, 1 Jurong West Central 2 #81-08 Singapore 2264, and that this application
      168 words
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      Page 7 Advertisements Column 2
      581 7 MOT I C E S IN THE MATTER OF THE COMPANIES ACT CAP. SO AND IN THE MATTER OF FUNDTAC MANAGEMENT SERVICES PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the abovenamed Company, held at 50 Raffles Place #24-02 Shell Tower. Singapore *****3 on the 25th
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      Page 7 Advertisements Column 3
      710 7 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 PURSUANT TO SECTION 290(2)(b) and IN THE MATTER OF CHUNG NAN COMPANY (PRIVATE) LIMITED (In Member*' Voluntary Winding Up) At an Extraordinary General Meeting of the above named Company duly convened and held at 10 HONGKONG STREET. SINGAPORE *****3 on Monday,
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      Page 7 Advertisements Column 4
      337 7 IN THE MATTER Of THE COMPANIES ACT (CAP. 80| ANO GUAN MOH CO. PTE. LTD (Incorporated In the Repub# i of Singapore) (M>mta«n' VoluntaryMWndtap-t >) At an Extraord ray General Meeting of tl e Members of the abov inamed Company du y convened and held at 3 6 Smith Street
      337 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon SPH net earnings up 6.3% to $310.98 m
      527 8  -  Performance very satisfactory in light of rising newsprint costs: chairman By Genevieve Cua [SINGAPORE] Singapore Press Holdings saw its net earnings rise 6.3 per cent for the year to August a "very satisfactory" performance in the light of escalating newsprint costs, executive
      Source: Bridge Info; JEN CHUA  -  527 words
    • Article
      FCC scouting for Malaysia and Indonesia projects
      322 8  -  By Michelle Low (SINGAPORE] First Capital Corp is looking to the region for new property opportunities, which could result in tieups with major shareholders such as Quek Leng Chan's Guoco group. Sources say FCC is already scouting for projects in Indonesia and Malaysia,
      322 words
    • Article, Illustration
      Lock icon Another US$60m for China industrial park
      351 8  -  Yuan Hong Industrial Park is first project tinder the Singapore Inc approach By x Teh Hooi Ling [SINGAPORE] Having already pumped in some US$l2O million (Ssl7o million) into Yuan Hong Industrial Park the first project in China carried out under the Singapore Inc approach
      ALLAN  -  351 words
    • Article, Illustration
      Investor concerns about Aztech's prospects may be misplaced
      643 8  -  HOCK LOCK SIEW By Jennifer Lien THE battle of the sound card companies took on a new intensity last week with two back-to-back developments Aztech Systems' copyright lawsuit victory over rival Creative Technology, and Creative's subsequent acquisition of Aztech's US customer, Reveal
      643 words
    • Article
      York, UPP seek trading suspension to be extended
      179 8  -  Ven Sreenivasan [SINGAPORE] York Pacific and United Pulp and Paper Co (UPP) have requested that suspension of trading in their shares be extended. Sesdaq-listed York, which was suspended last week, said it would make an announcement shortly. Meanwhile, UPP said its substantial
      179 words
    • Article
      Renong denies Perwaja report
      118 8 [KUALA LUMPUR] Renong has said none of its executives are involved in or are aware of any rescue plan for the national steel company Perwaja. In a one-line statement dated Nov 2 issued in response to a BT report that Renong executive chairman Halim Saad had
      118 words
    • Article
      SIA opens airfreight superhub
      242 8  -  Carrier also on veils $300 m plans for a sixth even bigger cargo centre By. Alec Almazan [SINGAPORE} Singapore Airlines officially opened its fifth airfreight terminal yesterday, making it the biggest air cargo handler in South-east Asia with a total capacity of more than 1.2 miflion
      242 words
    • Article, Illustration
      GT Management to lift activities
      174 8 [SINGAPORE] Asset management company GT Management, with $2.4 billion in institutional funds managed out of Singapore, intends to boost its operations here. Chris Wong, GT Singapore's managing director, said the institutional fund management business will remain his company's main focus for the foreseeable future. Mr
      174 words
    • Article
      Cycle & Carriage to drop five Mercedes sub-agents
      288 8  - Cycle Carriage to drop five Mercedes sub-agents Move is not related to court case involving former general manager, says chief ffyi Christopher Tan [SINGAPORE] Mercedes-Benz distributor Cycle Carriage will drop five of its eight contracted dealers. The decision, taken a couple of weeks ago, has not been officially announced. Cycle
      288 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon SET rejects demands of angry investors
        431 9  -  Bat bourse agrees to study their request for floating commissions on transactions By] Loh Hui Yin THE Stock Exchange of Thailand has refused to yield to key demands from angry stock investors that would have alleviated their financial woes in the current bear market.
        Source:; JEN CHUA  -  431 words
      • Article
        Thailand may accept listings of infrastructure projects
        661 9  -  Some analysts sceptical about move to rekindle market interest By. Alan Boyd [BANGKOK] Thailand's stock market is likely to accept listings from infrastructure projects in a bid to revive flagging market interest and cash in on Asia's hottest investment sector. The main targets
        661 words
      • COMPANY Briefs
        • Article, Illustration
          UOB sets up investment division
          76 9 [SINGAPORE} United Overseas Bank has set up a strategic investment division, headed by senior vice-president Edmund P Y Wong. UOB said yesterday the division had been set up to focus on longer-term investment, in and out of Singapore. Mr Wong, 37, has considerable fUnd management
          76 words
        • Article
          Lock icon Hicom gets restructuring proposal
          72 9 Bernama [KUALA LUMPUR) Hicom Holdings Bhd (HHB) yesterday said it received a restructuring proposal from Mega Consolidated Sdn Bhd on Oct 30. This follows Mega Consolidated's proposed acquisition of a 32 per cent stake in HHB from Khazanah Holdings Bhd, the investment arm of the government.
          Bernama  -  72 words
        • Article
          SilkAir's new aircraft
          38 9 [SINGAPORE] Singapore Airlines' subsidiary, Silk Air, took delivery of its second new Fokker 70 aircraft yesterday. The new jet aircraft will be used on Nov 6to launch Silk Air's eighth destination in Indonesia, Ujung Pandang.
          38 words
        • Article
          National Sap's new director
          24 9 [SINGAPORE] National Kap has appointed Ms Chong Phit Lian as its non-executive director in place of Mr Wong Kok Siew.
          24 words
      • Article
        Datacraft signs $4m contract in China
        231 9 SINGAPORE-listed Datacraft Asia has signed a contract with the Gansu Post and Telecommunications Administration to provide the Chinese province with a digital data network, according to a company news release. The $4 million network will become operational this month and is expected to attract
        231 words
      • Article
        Lock icon M'sia Mining plans rights, bonus issues
        86 9 Reuter [LONDON] Malaysia Mining Corporation Bhd (MMC), one of Asia's biggest mining groups, said yesterday it plans a three-for-five rights issue at a price of Ms 2 each and a bonus issue of ordinary shares on a two-for-five basis. In a statement to the
        Reuter  -  86 words
      • Article
        Lock icon TAC stock falls as underwriter ceases buying
        197 9 Bloomberg Business News [SINGAPORE] Total Access Communication pic's stock fell to its lowest level yesterday since it started trading, as the initial offering's lead manager said it stopped buying shares to support the price. Lehman Brothers Investments Pte, which had bought TAC stock
        Bloomberg Business News  -  197 words
      • Article, Illustration
        Sonny Lien sells 60% stake in HK hotel firm for US$7.2m
        281 9  -  By] Harish Mehta [SINGAPORE] Hotel developer Sonny Lien has sold a 60 per cent stake in a Hongkong company building a Hanoi hotel. The buyer, a subsidiary of Malaysian government-con-trolled Pernas, paid US$7.2 million (5510.2 million) for the stake.
        281 words
      • Article
        Lock icon IPOs dwindle in quiet HK market
        299 9 Listing hopefuls hold back issues as turnover slides Reuter [HONGKONG] The number of new share listings this year will be less than half that in 1994 due to the quiet market, especially during the first half of the year, analysts said. The market's subdued
        Reuter  -  299 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1564 9 CITY FUGHT ETA FLIGHT ETD Hiroshima S0977 1720 S0978 0145 MrtlMl Of061 1930 0F062 2050 Ho CM VN74I 1310 VN740 1410 Amman RJ187 0130 SOTO 1920 S0174 1430 Amsterdam KL843 0545 GA896 0130 Hongkong UA*****50 UA002 0815 S0025 0645 S0346 2330 S0001 1140 CX7K) 0840 KL831
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    • INTERNATIONAL COMPANIES
      • Article
        ING appoints another four to manage Barings
        272 12  -  Move aims to reassure clients and get rid of any taint Prom Neil Behrmann in London INTERNATIONAL Nederlanden Groep (ING) has recruited four executives to help run Barings. The appointments are aimed at finally ridding Barings of any taint that resulted from the
        272 words
      • Article, Illustration
        Lock icon US$23b hopes send shares of Net-linked companies soaring
        283 12 Bloomberg Business News [NEW YORK] Shares of Netscape Communications Corp, Spyglass Inc and other Inter-net-related companies soared amid expectations that the global computer network will generate US$23 billion (Ss33 billion) in business in five years. Spyglass, which makes software used to navigate
        Bloomberg Business News; Source: Bloomberg; FRANCIS  -  283 words
      • Article, Illustration
        Lock icon Brunei prince to buy UK's Asprey
        347 12 £243 m offer is almost double the market value of Britain's jeweller to the crown Bloomberg Business News [LONDON] Asprey pic, the world-renowned luxury goods retailer, has agreed to a takeover by Prince Jefrl Bolkiah of Brunei, whose £243.5-million (***** million) offer is almost
        Bloomberg Business News  -  347 words
      • Article
        Lock icon Chrysler's board spurns Kerkorian on poison pill
        154 12 Bloomberg Business News [MICHIGAN] Chrysler Corp's board on Thursday spurned suggestions from largest shareholder Kirk Kerkorian that it raise the threshold for triggering its "poison pill" plan and that it undertake a special review of its cash position. Chrysler said, however, that its
        Bloomberg Business News  -  154 words
      • Article
        Lock icon AST 1st-quarter loss up steeply
        236 12 Computer maker gets new CEO; Samsung to raise stake Bloomberg Business News [IRVINE, California] AST Research Inc has named former Apple Computer Inc executive vice-president lan Diery as its president and chief executive. AST chairman Safi Qureshey, who said in September he would step down
        Bloomberg Business News  -  236 words
      • GLOBAL Briefs
        • Article
          Lock icon BP sells refinery for US$235m
          71 12 FT [LONDON] British Petroleum began the restructuring of its worldwide refining operations with the sale on Thursday of its Marcus Hook refinery in the US to Tosco, the US refining group, for US$235 million (Ss33l million). BP is to take a charge of US$3B5 million
          FT  -  71 words
        • Article
          Lock icon IBM to pomp UB$1.4b into plants
          51 12 Bloomberg Business News ARMONK, New York] IBM plans to invest US$l.4 billion (Ssl.9 billion) in its existing chip-making plants in France and Vermont, beginning next year. The move is part of continuing efforts to keep up with the robust demand for computer chips.—Bloomberg Business
          Bloomberg Business News  -  51 words
        • Article
          Lock icon Star TV sees major growth In India
          64 12 Reuter [NEW DELHI] Hongkong-based satellite network Star TV plans to make India a major base for its future business in Asia, Star deputy chairman Lachlan Murdoch said in an interview with the Times o/India. "Over the next 10-30 years, India will play a
          Reuter  -  64 words
        • Article
          Lock icon HK shoemaker's poor kick-off
          51 12 Bloomberg Business News [HONGKONG] Shoe manufacturer Prime Success International Group got off on the wrong foot in its first day of trading on the Hongkong Stock Exchange yesterday. Its shares dropped to as low as HK$O.97 before closing at the issue price of HK$l. —Bloomberg Business
          Bloomberg Business News  -  51 words
        • Article
          Lock icon Sprint, Kodak in photo-service tie- up
          75 12 Bloomberg Business News [NEW YORK] Sprint Corp and Eastman Kodak have agreed to establish an on-line photo service, in which businesses will be able to tap into a central database of pictures and download the images directly to their computers. Kodak will provide both
          Bloomberg Business News  -  75 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        558 12 fagal Voy Wo 8«rtti Arrival Dtpartara JwMf Nrt (BT) Adi Mm I 31/95 J1 atooQUdc 04.11/0700 (BT) KM IhlMft Jaya 0195 J1 aionqsx)e 04.11/1900 (BT) Nurdiana 9/95 J1 alongside 04.11/2359 (BT) Rahma Jaya 2/95 J1 Hongsme 04.11/0800 (BT) Surutl IN 14/95 J1 aionqside 04.11/1000 Bumi Putra 11/02/95 J4
        558 words
      • Article
        CONTAINER SCHEDULES
        1320 12 RECEIVING OF EXPORT Fa CONTAINERS ANO LCL CARGO Boofcinq/Btlincc Rstls Ship Voy No Etfc/Btr Nrtod Frow To frow Acx Apricot 006 06/1500 4 04/1200 04/1459 04/1700 At* Clwtf 0068 04/1500 U 03/1500 03/165* 03/1900 AaRo* 072A 04/1500 U 03/1500 03/1659 03/1900 Acx Sow 1948 05/1800 "IS OVPOC 04/0659
        1,320 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Westpac looking for a global partner: paper
        324 13 Tie-np could lead to share swap, even takeover of Westpac by foreign bank Reuter [CANBERRA] Australia's Westpac Banking Corp has had discussions with a number of banks with a view to forming a global partnership with one of them, the Sydney Morning Herald
        Reuter  -  324 words
      • Article
        Lock icon Six large insurance brokers set up electronic network
        304 13 Move seen catting costs of doing business by up to 20% FT {LONDON] The world's six biggest insurance brokers are attempting to trigger a technological "big bang" in commercial insurance with a global electronic network that could cut significantly the cost of
        FT  -  304 words
      • Article, Illustration
        Lock icon No ferret account
        69 13 [BEDFORD] Ferret fancier Mary Neale holding her two furry friends, Natasha and Boris, on Thursday, after accusing the Co-op Bank of being stupid for refusing to open a bank account for her Bedford Ferret Welfare Society. Co-op chiefs said ferrets were used to hunt rabbits and, therefore,
        AFP  -  69 words
      • Article
        PT Semen Cibinong gets cheaper US$175m five-year unsecured loan
        244 13  -  Debt upgrading helps Indon corporates get better terms From Maggie Ford in Jakarta AN upgrade in Indonesia's debt rating is allowing quality Indonesian corporates to gain better terms in the market, international bankers said yesterday at a signing ceremony in Jakarta.
        244 words
      • Article
        Lock icon HK's new rolling forex contracts get fair response
        141 13 Reuter [HONGKONG] The Hongkong Futures Exchange's new rolling forex contracts were launched yesterday to a fair response, market makers said. Rolling forex contracts automatically roll over into the next trading day each day that the contracts remain open. "It's doing pretty well.
        Reuter  -  141 words
      • Article
        Lock icon Oil prices consolidate after week's good rally
        303 13 ENERGY REPORT Reuter [LONDON) World oil prices took a breather yesterday, consolidating big gains made on Thursday and halting the upward march this week which has seen over 35 cents a barrel added to prices. The price of December futures for the world
        Reuter  -  303 words
      • Article
        Lock icon CURRENCY REPORT
        174 13 Reuter THE dollar was well support ed in early Europe against both the mark and yen amic growing confidence the US unit can extend recent gains But before the dollar can hur die key technical barriers it faces a major test in the shape of the US employment
        Reuter  -  174 words
      • Article, Illustration
        Lock icon US$/Dm: Try trading on breaks
        305 13 USS/marlc USJ/DM traded between 1.4015 and 1.4158 for the first two days of the week then rose to 1.4240 on Thursday. The near-term technical picture is unclear, with key levels seen at 1.4015 and 1.4280. A breach of these would provide some short-term impetus. Support
        Source: DBS Bank  -  305 words
      • Article
        Lock icon Two top US banks held talks on dream match
        242 13 Bloomberg Business News [NORTH CAROLINA] Bank merica Corp and Nationsßank Corp have investors dreaming about the prospect of the first truly national US bank. Reports that the two banks held talks earlier last summer sent shares of both banks soaring for
        Bloomberg Business News  -  242 words
      • Article, Illustration
        Untitled
        1172 13 prrBKBACTCTnuunreTaATBg MMwtSS MMUt UU UMB UI] CwTXKtef BM Offtf BM Offnr Cnrroncins Hi Ofhr Hi Offtr 11 Frtndl franc 28.8212 26.8445 4.9063 4.9069 Local dollars to one unit of foreign currency: Hoogkonq doHar *29 18.30 7.7323 ***** Australian dnttar 1.0705 1.0727 0.7570 0.7560 Indonesia rapM 0.0620 0.0(21 2.279.600 *****00 Canadian
        1,172 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        703 14 TIN price on the Kuala Lumpur Tin Market yesterday eased 13 sen to M 516.14 following the lower closing on the London Metal Exchange overnight. On the LME, three-month tin fell by US$9O and the higher offerings on the local front also dampened the market sentiments. At the
        703 words
      • Article
        Lock icon SIMEX Report
        1067 14 Reuter [SINGAPORE] Simex Euroyen futures ended mostly higher on skimpy volumes with Japan closed for a holiday, while Eurodollars held steady with a firm undertone. Euroyen futures were bought up early in the morning on news that Daiwa Bank had been fined and ordered to close its US
        Reuter  -  1,067 words
      • Knight-Ridder Commodity Summary
        • Article
          Commodity price gains slowing
          93 14 [FRANKFURT] The rate of world commodity price gains is expected to slow considerably in 1996 from the sharp gain this year, mainly because of an expected increase in supplies, according to a report released yesterday by the IFO Institute for Economic Research. The institute said the
          93 words
        • Article
          US pig farmers mull selling corn
          123 14 [KANSAS CITY] Midwestern hog farmers are saying they may sell much of this year's corn crop rather than buy feeder pigs and feed the grain to them. At current high prices for corn, "I'll let someone else feed the pigs", one buyer said in
          123 words
        • Article
          India sets wheat prices
          73 14 [NEW DELHI] The Food Ministry announced prices of wheat that the state-run Food Corporation of India will sell on the open market in November. The prices are valid until Nov 30, a press statement said. The state-run company is India's biggest food-grain buying and stocking agency.
          73 words
        • Article
          Thai sugar output up 40%
          116 14 [LONDON] Thai sugar production increased more than 40 per cent in the first seven months of 1995 compared with the same period last year, according to data from the International Sugar Organisation. A total of 4.68 million tonnes were produced Jan-Jly, up from 3.35 million
          116 words
        • Article
          RTZ gold output up 18%
          71 14 [LONDON] UK metals and mining group RTZ yesterday reported its share of gold production from group operations totalled 421,000 ounces in the third quarter of 1995, up 18 per cent from 357,000 ounces in the same period of 1994. The company attributed the rise to
          71 words
        • Article
          Lower refined copper output by RTZ
          120 14 [LONDON] UK mining and metals group RTZ reported a 35 per cent year-on-year fall in attributable refined copper production to 24,900 tonnes in the third quarter of 1995. However, mined copper production rose 14 per cent to 177,300 tonnes from the year-ago period. Lower
          120 words
        • Article
          US Midwest soybean yields higher
          58 14 [KANSAS CITY] Soybean yields from recently harvested Midwest crops were better than producers had anticipated heading into harvest, whereas corn yields were near to slightly lower than expected, with yields in some areas much below normal. That's the consensus among merchants interviewed in a survey
          58 words
    • Article
      COMMODITY PRICES
      1236 14 SIOOM POTUEBS Nov 3 RUMCR (Motm data* at at IMpa) RSS1 CONTRACTS cmtsA?) ClOSO VMmO Opw Motft Wfli I— Ittt (too—*) totoroit Doc 95 222.00 2025 JM96 219.50 219.50 219JO 25 1200 Fofc 96 219.50 219.50 219JO 25 1200 Itor 96 219.50 219.50 219.50 25 1200 Afr/Jw 96
      1,236 words
    • REGIONAL STOCK MARKETS
      • Article
        Sydney
        714 15 ♦321 AUSTRALIAN stocks posted its biggest one-day gain in four months as mining stocks surged on higher metals prices and banking issues gained on a drop in fixed-in-terest rates "It's a pretty good rally," said a trader. "The market is looking at metals prices, which are at a fairly
        714 words
      • Article
        Taipei
        410 15 -MS Taiwan stocks fell, led by textile shares such as Hualon Corp, on reports China would soon hold a military exercise in an area near Taiwan. "The report caused the fell in the index even though it has not been confirmed by China," said a broker. The military exercise
        410 words
      • Article
        Seoul
        574 15 -4J4 South Korean stocks fell for a second day on investor concern a government probe into the slush fund scandal could widen to include major companies, traders said. Former President Roh Tae Woo admitted last week to collecting US$65O million (***** million) of illicit funds from corporations during his
        574 words
      • Article
        Wellington
        417 15 ♦1187 Telecom carried the day for the market, elevating the top 40 index to a respectable close. Telecom ended 12 cents higher at NZ$6.4O after reporting a strong first half result on Thursday and an improved dividend. "Telecom's been an excellent performer since the result," a trader said. Fletcher
        417 words
      • Article
        Bombay
        139 15 -14J4 Indian stocks fell for a second day as trading in Reliance Industries continued to dominate the market, with the share dropping amid soaring interbank lending rates and concern about next year's national elections, analysts said. Shares in Reliance, the largest company in the private sector, fell 2.5 rupees
        139 words
      • Article
        Untitled
        2327 15 TOKYO nwi v— wmi u» root w AdvantostCorp 6030 to 6060 5990 8009 311 Aitaonioto 1030 20 1030 1010 4790 64 Akai Cloctrtc 318 *5 318 312 1070 AH Nippon Airways WOO *18 1000 966 5390 154 Amada W30 20 1030 1000 2240 64 AsaN 6roworios UK) -10 1130 mO
        2,327 words
    • WORLD STOCK MARKETS
      • Article
        London
        616 15 -211 UK SHARES ended lower after a see-saw day as early gains on hopes of near-term US rate cuts and after Thursday's record highs on Wall Street gave way to disappointment following US October jobs data. The FTSE 100 ended down 22.6 points at 3,500.4 after trading at a
        616 words
      • Article
        New York
        695 15 ♦LSI Stocks drifted higher yesterday after an early rally faded due to profit-taking and a rise in long-term interest rates in response to a drop in the US jobless rate for October. The Dow Jones Industrial Average was up 1.81 points at 4,810.40 at 11am after rising some
        695 words
      • Article
        Untitled
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        181 words
    • Article, Illustration
      Lock icon HONGKONG
      2514 16 Bloomberg Business News OttuigSeng ****** HONGKONG stocks rose as a bond rally in the US raised hopes for a cut in interest rates. "Local investors are just looking overseas," said a trader. The Hang Seng Index rose 106.44 points to 9,855.80. About HK$2.7 billion of shares changed hands. In
      Bloomberg Business News; FRANCIS  -  2,514 words
    • Article, Illustration
      Lock icon CHINA
      598 16 Reuter PShanghai ß Share hdei -&06 SHANGHAI B shares closed the week at their lowest levels in almost four months amid growing concern that second-half earnings will prove worse than expected. The Shanghai B Share Index fell 0.08 to 54.31 points, the lowest since July 6. Trading was worth
      Reuter  -  598 words
    • Article, Illustration
      Lock icon JAKARTA
      1060 16 Bloomberg Business News Composite Index +LB4 STOCKS rose for the first time in 10 days as the share prices of drug maker Kalbe Farma and clove cigarette maker Sampoerna posted strong gains. The Composite Index rose 1.84 points to 488.32. Kalbe Farma rose 500 rupiah to 8,100 as Sampoerna
      Bloomberg Business News; B CRUZ  -  1,060 words
    • Article, Illustration
      Lock icon BANGKOK
      1182 16 Reuter QSETMei *38 THAI stocks recouped losses to finish slightly higher after foreigners bought blue chips just before the market closed. The SET Index ended up 0.28 point at 1,244.80 on lacklustre 2.8 billion baht trade. Gainers edged decliners 130 to 129 with 139 unchanged. "The index rose after
      Reuter; ALLAN  -  1,182 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Forged scrip fears still haunt market
        6706 17 KUALA LUMtVßßeports Bloomberg Business News Q Composite Index +OJB MALAYSIAN stocks were little changed, as gains by Land General Holdings and Telekom Malaysia balanced declines in shares that investors fear could be affected by a forged share certificate scandal. The KLSE Composite Index rose
        Bloomberg Business News; ALLAN  -  6,706 words
    • WARRANTS & OPTIONS
      • Article
        Lee Kim Tah: take the bond route
        3554 18  -  WARRANT WATCH By] R Sivanithy CONSTRUCTION firm Lee Kim Tah's newly listed warrants look interesting. At their closing price yesterday of 40.5 cents and with an 80 cents strike price, they currently sell for a 23 per cent premium over the underlying share
        3,554 words
    • Article
      CLOB INTERNATIONAL
      2030 18 Of Cr «99S Last v«t Day Lad Oaata OK M« VM IM M Cap HH» Law Stna Cggg Sata fOOO) HH» Law Bwyar Mo Cw W $H S 5000 AISBSOc X*ci 5 51 M 304 Jtt M 10 7* 0J 3221 87 75 5001 AMOBSOc 77.5 -0.5 203
      2,030 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1324 19 Tvwempow vAiuirooo) s dg—sS—ra —m —s3 SB* a tss iow 2,832 M21 6.053 HISS MW»f rro to iSS UK» |U» 4,577 3J74 %KH <WT LM2 7.*7» 34,944 27,054 44.002 WWII 50.330 .54.953 MAM CLO* a 3 —5—^ —I -t 3 hmmm n t 6 t 4 o t» to 4
        1,324 words
      • Article
        MAIN BOARD
        4216 19 Or Or M «t im Last v* Oay Last Oyte ON Q» YW Mg Cg Avg Htgll Law StMa Cimpswy Sata rooot Hm> Law Bwyar Sa8ar CNf 210 176 12M AcarSOc USWS -3 234 1M WS WS W* 490 318" mt 1000 Acma50c 4S2 -10 62 456 44*
        4,216 words
      • Article
        SESDAQ
        782 19 or or mm 19*9 Last VH Day Last Ovata Dtv OK YW Nat Cap A«9 >—i l— mm «ia cooot mnn t— —y f» w t— Prita MSB* 5 S <&$&>*&&&&$ 310 40 a 2000 AMHMfiSc 262 vneh 319 2*3 2M 281 282 18.0 6.9 OJ 61-3 124.7 277
        782 words
      • Article, Illustration
        Untitled
        231 20 Stocks VeI— •Innovest BM 5,103,000 Heshe Hkkp 3,835,000 Nippecraft 10c 3,780,000 Rotol 10c 3,357,000 Grand Centra* 3,217,000 GoWtron20c 3,207,000 RFJM Wt96 2,960,000 HKLaMUS$ 2,889,000 'Landmarks BM 2,628,000 Datapuise5c 2.549,000 Stocks I •Innovest BM 16,620,981 UOB Foreign 9,087,606 DBS Foreign 8,073,200 OCBC Foreign 6,961.100 SPH Foreign 6.407,526 HK Land US$ 5,245,528
        231 words
      • Article, Illustration
        HOT STOCK
        60 20  -  By Paul Leo Investors should wait for UNITED OVERSEAS m LAND to decline to (2.40 before buying. At yestermys close of $2.56, technical indicators like RSI I stochasties and MACD were neutral However, there is still some downward pressure as Indicated by yesterday's volume of 760,000 units compared
        60 words
      • Article, Illustration
        STII dips 2 points but the general market is firm
        621 20  -  STOCK MARKET COMMENTARY Interest in second liners still dominates the local bourse with rnmonrs of takeovers By Paul Leo STOCKS ended steady yesterday, to the relief of market players. But they do not expect any major surge in interest next
        621 words
      • ON THE GRAPEVINE
        • Article
          Indian rope trick at Scotts?
          215 20 IS Scotts Holdings giving us its own version of the Indian rope trick or what? The company's public responses to a series of queries on its troubled Indian deal, like the snake-charmer's rope, twist and turn and go nowhere. On Sep 11, Scotts said it
          215 words
        • Article
          Locals at Barings move ahead
          132 20 TWO senior local managers oMbe Barings group appeared to have come out of the disaster that sank the British merchant bank in better shape than their expatriate colleagues. Ms Fu Ya-Yin, a director of Baring Futures (Singapore) at the time it torpedoed, its ultimate parent,
          132 words
        • Article
          The bull among the bears
          191 20 IT ia a brave soul indeed who goes against f the herd instinct in the stock market. Kay Hian James Capel is sticking its neck out with a different view on the Malaysian bourse which has been battered of late by I rumours over forged
          191 words
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      307 10 I Specifications Harbour Tugs metres ~< metres metres metres metres fii^^ni^miiiii[[^m^m^^nmmmni^m^^mm[i^^m^mn^Hmm^^^^H Service speed 12 knots En§incs: Proven track record in building high same owner and it bears witness to Singmarine s Two 1,500 bhp engines driving a Z-peller propulsion 9 9 system and has a bollard pull of 45 tonnes.
      307 words
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      Page 11 Advertisements Column 1
      194 11 Congratulations to SingTTiarine and Kcppcl SfTlit Towage on the successful naming delivery of KST 33 and KST 34 A joint venture between Keppel Corporation Limited and Fortis 10 Hoe Chiang Road #13-00 Keppel Towers Singapore *****5 Tel: 225 6111 Tlx: MAG RS ***** Fax: 221 2188 (General), 221 2156 (Life)
      194 words
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      Page 11 Advertisements Column 2
      235 11 N^fcSingmarine Slog Industries (1985) Pte limited Leading supplier of Super Grade Copper Slag and major provider of shotblasting services 51 Pioneer Sector 1 Singapore *****7 Tel: 861 2553 Fax: 862 3705 Postal address: Jurong Town P.O. Box 272 Singapore *****0 INAMIREII NAMIREI ENGINEERING (SINGAPORE) PTE LTD Provides marine air-conditioning refrigeration
      235 words
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      Page 19 Advertisements Column 1
      35 19 FAST RELIEF FROM WWiiH Indigestion causes pain and discomfort in your stomach. Gaviscon acts quickly by forming a protective layer mhp *****5 over the undigested food in the stomach, to relieve indigestion. qaviscon relieve% indigestion.
      35 words
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      Page 20 Advertisements Column 1
      488 20 Singapore Closing Share Prices 3/11/1995 CLOSE PREV LOW HIGH till#* uss uss uss us* MlBlr Jardine Math*son 6.00 6.05 6.00 6.09 VfJCDOOMI Jardine Strategic 2.66 2.67 2.66 2.66 LwHf J Dairy Farm 0.78 0.815 0.78 0.81 KV&i Hongkong Land 1.80 1.81 1.70 1.85 ■ffnapfj Mandarin Oriental 1.17 1.18 1.15 1.20
      488 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Home sweet home
      2741 21  -  There's really no place like home at the end of a long day at work. More so when home is a luxurious haven of peace and quiet k&ihubbi—looks in on some top residences in Singapore COVER STORY KATHLEEN HERZIG The writer is a freelance journalist who contributed
      CHRIS LOH  -  2,741 words
    • STRAWS In The Wind
      • Article
        Celestial seasonings
        142 21 YOU MAY never pass the entrance exam to be an astronaut, but if you still want to pursue that dream, you can when you die. An American company has advertised over the Internet a new service to launch cremated human remains into outer space. The first mission is
        142 words
      • Article
        In short...
        52 21 ACRONYMS, whether you mean them to or not, can make or break your image. For example, an organisation to promote tourism in Myanmar is called Singapore Myanmar International Leisure Enterprise, or SMILE. In contrast, the World Hotel Organisation for Regional Enterprises might elicit a few sniggers with its
        52 words
      • Article
        Dial '0' for action
        55 21 TELEPHONE answering machines are getting weirder. A number we dialled got us the usual "leave a message" greeting, but towards the end suggested that if we wanted to speak to a "live operator", we would have to press "0". We await the day when we can
        55 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon The passion of Masayoshi Son
        1447 22  -  Japanese billionaire Masayoshi Son's success story is a tale of outstanding entrepreneurial flair and daring in the international computer industry. He talks to kbmmeib jambs about his vision and mission THE RAFFLES Conversation KENNETH JAMES PASSION is probably not the first word that comes to
        CHBIS LOH  -  1,447 words
      • Article
        A true son of the silicon age
        788 22 IT was just a picture in a magazine, but for the teenage Masayoshi Son it was an electrifying glimpse into the future. He relates the experience: "I was 17, and I happened to find this beautiful rainbow-coloured picture in a science magazine. It
        788 words
      • Article
        'Strange kid' who takes pride in being himself
        738 22 MEDIA reports hail Masayoshi Son as the Japanese Bill Gates. Son-san takes the comparison to computerdom's bestknown personality in good humour. "Every time people call me that, I smile, because it's a great honour to be even compared with Bill Gates," he
        738 words
    • Article, Illustration
      Hey man, it's the Sarong Party Girl!
      743 24  -  CINEMA Walt Disney's Pocahontas bears an uncanny resemblance to a local stereotype Ryi Corinne Kerk A TANNED, luscious young woman with a curvaceous body, olive skin and flowing black hair falls in love with a white man with blond hair and blue eyes.
      743 words
    • Article, Illustration
      Winners and losers
      577 24  -  TELEVISION While Under One Roofs characters are well worth visiting, Triple Nine seems to be wide off the mark By. Kevin Sullivan IT'S HARD to put a finger on > the mechanics of Under One Roof— the story-line, camera-work, direction, jokes (which generally do not come off),
      577 words
    • Article, Illustration
      Music at the top of the stairs
      403 25  -  NIGHTSPOT Spencer Goh entertains with his guitar at No 5 Byi Corinne Kerk NO 5, Emerald Hill was abuzz with the usual expat crowd on Thursday night. But we weren't there to check out the crowd. We were headed for No 5 Upstairs
      403 words
    • Article
      WHAT'S ON
      436 25 THHATRB Mortal Sins Remember Beauty World? It opened in 1988 as Singapore's first major original home-grown musical and sold more than 9,000 tickets. And it's high time the same team reunited for another performance. For this, playwright Michael Chiang, composer Dick Lee, choreographer Najip Ali and director Ong
      436 words
    • EPICURE
      • Article, Illustration
        Just take the food and run
        1086 26  -  Too pooped to cook for your party? Designer takeaways are the speedy solution to your catering woes, says corddibkhbk CORINNE KERK THIS may sound familiar. You're planning a party, but you're too pooped to do all the cooking. At the same time, you don't
        1,086 words
      • Article
        Tantalising tastings
        712 26  -  WINE Good things come in threes at least at the Raffles Hotel By] N K Yong THIS week's column highlights three forthcoming tastings of exceptional interest for the benefit of those readers who may not yet know about them. They are part of the Raffles Hotel's Wine Food
        712 words
    • PEOPLE
      • Article, Illustration
        Lock icon SNSA celebrates 10th anniversary
        222 26 THE Singapore National Shipping Association held its 10th anniversary dinner at the Westin's Raffles Ballroom on Sep 16. Communications Minister Mah Bow Tan was the guest of honour. The SNSA has played a major role in promoting Singapore as a major maritime centre and enhancing the
        ALL PHOTOS BY CHRIS LOH  -  222 words
    • Article, Illustration
      CINEMA
      1006 27 A Kid In King Arthur's Coon. A 20th century American boy is caught in an earthquake and blasted into the Pendragon's court for some comedy and romance. Lido: 5.15. Capitol, Chinatown: 5. Changi: 11; 5.30. Hougang: 1; 5. Republic: 10.30 am. Jurong: 10.45 am. Yishun: 10.45; 12.45pm. A——ins. Hit
      1,006 words
    • TRAVEL
      • Article, Illustration
        Ten glimpses of paradise
        2351 28  -  From sea to shining sea, there's no shortage of idyllic resorts in Asia r The very best however, may be a little harder to find, bdvud press helps out by making a list of his favourites EDWARD PETERS The writer is a Hongkong-based journalist who contributed
        2,351 words
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      9 21 hL .iJHi Conversation Masayoshi Son of Mpr Softbank RT.9
      9 words
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      Page 21 Advertisements Column 2
      244 21 Great getaways Asia's top resorts ELB Sg JH Ia j3Sw SUSPEND TRADING AND TAKE STOCK. Say bye bye instead of buy, buy for a change. You may find that a short break actually proves to be a long term investment. Cairns Hong Kong 5D Cairns EZ Pack From $799 3D
      244 words
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      106 23 VANCOUVER CANADA Established Canadian computer hardware and software retailer. Ideal as a franchising opportunity. Average annual sales of $2.5 million (CDN). Solid corporate/private customer base. Busy location. Excellent potential for growth. Sale price $500,000 (CDN). Serious inquiries only. Direct all responses to The Raber Mattuck Group, Chartered Accountants, #1024 4720
      106 words
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      Page 23 Advertisements Column 2
      40 23 H Tie. Weapon* optional Call Patay at.'lsS 8686 or fa* 25f2 7188 for jronr rou»l- up notice. 195 before 30 Oceob« a»d tog****. $105 tk«Wie,. kr S.~tf«>or. A/4«*rtM«ra A4r*rti*a* M*d.« Ow««r» Awoenlwe Homo Decor -For people who love their homes
      40 words
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      Page 23 Advertisements Column 3
      24 23 EMKMOVTARMAM HPL House. Singapore *****66 Isetan Orchard, Singapore *****30 Concorde Holel, Kuala Lumpur *****75 Isctan Lo« 10, Kuala Lumpur *****71 Sarinah Building. Jakarta *****61
      24 words
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      Page 24 Advertisements Column 1
      679 24 WKBE TO WINE, DINE AND ENTERTAIN WORLD S LARGEST SELLINQ BEER HHHHHHHi i 7 Where can we bring the p,#id#* for dinner? Singa Inn. of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time!
      679 words
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      Page 24 Advertisements Column 2
      183 24 rajj I fancy "Beijing? I Then, we're deOgdttd to suggest the Tine Court for a memorable dining experience. Out lunch menu offers a variety ofdian Xin "Beijing dumplings, selection of HEIjiTT" set menus, and "Beijing specialities IMiA such as "Beijing "Bahsd Tench and Igaacaarr 'Marinated Lamb fancy some runu? CHINESE
      183 words
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      Page 25 Advertisements Column 1
      511 25 Where to wine, dine and entertain P ——-1 j HOT ACTS AT THE LOBBY LOUNGE LOBBY LOUNGE Applause An action 1 Quartet Perfect Mates ballads, pop songs and special requests Perfect Wjatei J M APOLLO HOTEL 405 HAVELOCK ROAD. SINGAPORE *****3, TEL *****81 Fresh, air-flown New Zealand oysters now at
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      1798 27 TODAY'S TV MOOMMMTOBPTIHWIIW. ■fSST® On One Mysteries UO Baba Nyonya Bfc» aj3£F the Chinese Crane. 430 Dwi Vista. HffP «T 7JO Videofashion. 130 The Adventures of inky ►JU tiOO Healthquest. r J lOO Berlta Jam SBl 9190 world of Golf. C3O Hari Ini Dalam Sejarah. T| "A 1100 World Judo
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    • Miscellaneous
      Page 27 Miscellaneous Column 2
      233 27 RADIO You And Tour Bonaa, BBC, weaponry that industry and Sunday, 11.30 am technology could provide. Every time you move you are using the joints of your body. Tfci fl« wt **r c They are complex, efficient ppn aiw and brilliantly designed. Famous melodies lead a Medical journalist Geoff Watts
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