The Business Times, 25 November 1995

Microfilm: NL20493
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 85< SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, NOVEMBER 25-26,1995
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  • Article
    MARKET SUMMARY
    68 1 sra 2400,00 (-2.56) BTCOMP 1M2.4* (-174) OBT-MGA ***** (-1.98) I f "i STOCK BASKET INDICES Fridav Ctangp KLSE COUP 922.41 -6«2 NIKKEI 18,215.23 -24.61 HANG SENG 1,188.75 -16 92 SET INDEX Uia» +5..H JAKARTA COMP._....4fi8.M -0.68 MANILA OOMP—1326.12 +*77 TAIPEI WP!_,—.4,586.75 ->-11.92 SEOUL COUP 3UM +12S7 BOMBAY B8E30
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  • Article
    FINANCE
    72 1 ESC8ANBE BATES US* S3 USS 1.412 I 1.563 im DM 0.706 0.999 ¥1» 0990 1J97 MS 0,193. AXA HKS 0.129 ...0.182 BAHT 0.040. 1.066 RW1AH 100 0.044. .0.062 PUB BATES SINGAPORE* 144 KUALA LUMPUR. 7.95 JAKARTA 17.59 BANGKOK \tM MANILA II oo HONGKONG J.OO TA1PH_. A» SYDNEY. 10.75 TOKYO.
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  • Article, Illustration
    Leeson charged with cheating Simex, deceiving auditors
    613 1  -  No plea taken; accused remanded at Tanah Merah; caae adjourned to Dec 1 By< Conrad Raj [SINGAPORE] Former futures trader Nicholas William Leeson, who caused the collapse of Britain's oldest merchant bank, Barings pic, was formally charged yesterday on three counts of forgery
    613 words
  • Article, Illustration
    Lock icon Mahathir to step down ... eventually
    506 1  - Mahathir to step down eventually From Ho Kay Tat in Kuala Lumpur MALAYSIAN Prime Minister Mahathir Mohamad said yesterday the "time will come soon" when he would have to step down as president of the governing United Malays National Organisation (Umno) which by tradition means relinquishing the country's prime ministership.
    REUTER  -  506 words
  • Article
    Creative aborts deal to take over Reveal
    453 1  -  Surprise move expected to boost Aztech's prospects By] David Mok [SINGAPORE] In a dramatic shift, multimedia firm Creative Technology has pulled out of a deal to acquire USbased Reveal Computer Products, an important customer of its arch-rival Aztech Systems. Analysts and market observers
    453 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      178 1 INSIDE Ufe altar aaenblK apartment ale Vmat the instant riches have meant for the millionaires after an en bloc sale, BU V—- Work and play The lengths that 9ome Singapore executives go to stay lit, EL2 waning m w wmyi US banking regulators have drafted guidelines to limit pay for
      178 words
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      Page 1 Advertisements Column 2
      20 1 90-mln hearing, one-word answer; The charges in detail, Pg 2 Dr M allays fears over Umno corporate links, Pg 4
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    • Advertisement
      Page 1 Advertisements Column 3
      220 1 Timeless values. mF\ ;J Empire Period. Geneva Duplex escapement movement V V V fty llbery of London. These two exquisite watches, w The Rolex Day-Date in the shape of peaches, are W is appreciated for more called «For China». than just the twenty-five The craftsmen of Geneva were languages in
      220 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon 90-min hearing, one-word answer
      556 2 Leetaofriqiittered •yes' when asked if he understood the 11 charges Reports to/Catherine On* NICK Leeson said only one word In a slow 90-minute court hearing yesterday. "Yes," he muttered, when asked by Laschman Singh, the court interpreter, if he understood the 11 charges that were meticulously
      CHRIS LOH  -  556 words
    • Article, Illustration
      Lock icon Leeson shares a cell with two others at Tanah Merah
      287 2 TANAH Merah Prison, where Nick Leeson is being remanded, is no Alcatraz. Officially opened in January 1994, the prison boasts an escape-proof design, complete With modern security measures and apparatus, according to the architect in charge of the project, Ng
      ARTHUR LEE  -  287 words
    • Article
      HDB starts agent resale scheme to curb under-declaring of prices
      359 2  -  By Abdul Hadhi THE Housing and Development Board (HDB) is introducing another scheme to curb the practice of "under-the-ta-ble" money being paid for resale flats. The board said yesterday a Listed Housing Agents Scheme (LHAS) will come into effect from
      359 words
    • Article
      Lock icon Suspended PUB officer pleads guilty to five corruption charges
      267 2 The Straits Times SUSPENDED Public Utilities Board senior official Choy Hon Tim, who has surrendered $13.85 million to the authorities, yesterday pleaded guilty to five corruption charges, including two for criminal conspiracy. Defence counsel Sant Singh will mitigate on his behalf
      The Straits Times  -  267 words
    • Article
      Need to strengthen S'pore-Bonn cultural ties: BG Yeo
      212 2  -  By S N Vasuki THE relationship between Germany and Singapore was a long-term one founded on a common view of international economic, political and cultural cooperation, Information and Arts Minister George Yeo said yesterday. Speaking at the opening of the Goethe Institute's
      212 words
    • Article
      Charges brought against Leeson
      1201 2 Charge 1 (You), on or about Feb 2,1995, in Singapore, did commit forgery for the purpose of cheating, in that you fraudulently altered a document, namely, a Citibank Payment Incoming Summary, by deleting the name of the person on whose order a sum of 7,778,000,000 yen
      1,201 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      40 2 Swiss Investment advisor accepts new accounts for your persortnal Investment Management Efficient and confidential. For information about our investmrtit partnership and to meet, please write to Hanug'Holding Ltd., Mabon Taligrat, Box 295 CH-7075 Churwalden Switzerland Fax: 005 41 81 *****43
      40 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      146 2 CBYPTIC CROSSWORD r H H H| ways thus(4,2) 15 Debauchery results |H_JML_IH__ wasteful expenditure (11) 119I 19 I P 1 I 19 French maid takes time to —lßi ~TBB H make a hat (6) 25 Transfers further portions LhJ—Lh—i«J——|bH 26 Doctor in directors' pocket is subject to attack (7) (11)
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  • FOCUS: PERSONAL FINANCE&INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index (Nov 27-Dec 1)
        41 3 Those polled for their views on the Singapore stockmarket's outlook the week ahead are: Alliance, Barings, Fraser Securities, GK Goh, Deutsche Morgan, Peregrine, Phillip, Credit Lyonnais, SBC Warburg, Merrill Lynch. Figures denote number of respondents
        41 words
      • Article
        Buy!
        451 3 lOlOarpßkt Group's net profit surged sharply to M 1119.9 million (5866.55 million) for the year ended June 1995. For FY9S/96 we expect 101 to chalk up net profits of Msls6 million, giving a prospective PER of 12.5 x. The recent sell-down has been overdone. Although its warrants are offered
        451 words
      • Article
        Hold
        242 3 Bra Wkk It reported a net profit ofM!65 mHlton for FY9S, well within the market's consensus. We are still uncertain about the Bakun project—in terms of if and when the project will take off. Profits from Plaza Rakyat and Mega Mall will be spread over three years. Contributions from
        242 words
      • Article, Illustration
        In my opinion ...
        343 3  - In my opinion Seeng Tack Yin Hadrfrwuth OK M lanarch Pta Ltd i i ESPITE a few I I negative sec--1 J tors, we are encouraged by the moderating economic growth rate and the capping of asset inflation. Recent stronger-than-ex-pected non-oil domestic export and manufacturing output data (partly an extension
        343 words
    • Article, Illustration
      Lock icon Up-to-the-minute chartist
      591 3  -  An insight into how David Bowden comes up with his accurate stock market predictions fij/l Paul Leo [SINGAPORE] DEC 28: an auspicious date to the Chinese, as it sounds like "easy to prosper" in Cantonese. But not so for Wall Street It's the day when the Dow Jones
      Source:; FRANCIS  -  591 words
    • Article
      Is Armstrong's confidence in pricing justified?
      655 3  -  At 14.7 times earnings its pricing is the highest fer an IPO this year By Ven Sreenivasan [SINGAPORE] IT TAKES a lot of confidence to price an initial public offering (IPO) at over 12 times earnings in this year's finicky market Yet Armstrong Industrial
      655 words
    • Article
      M'sian economy shows strains but no overheating
      490 3  -  Reports by] P Gunasegaram The writer is the research director at Standard Chartered Securities Research (M) Sdnßhd [KUALA LUMPUR] TEXTBOOK economics seldom works. Commonsense economics often does. According to textbook economics, if an economy grows at more than its potential rate for a
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    • Article
      KL stocks: Standard Chartered's call
      242 3 Commercial banking: Little squeeze on margins expected as lending rates are pegged to base lending rates, which are in turn pegged to the threemonth interbank rate. Expect counters like Maybamk and DGB to continue to recover. ITiHliif has diversified earnings, and a wellmanaged finance company
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    • Article
      ACU DEPOSIT RATES Offered by
      577 3 Baakaf CMm m$ Z5 000 W9.999 ***** ***** ***** A| 250.000 MUM ***** 1*100 ***** »000 6.7500 ***** ***** n_i-, 50.000 Abow &JB5 64BS MBS JJJ, 1JU0 Dmk 2J i 4.999.999 imoo 9J000 MM B.OOO 49,999.99 1*75 1*75 IBSO D. 50.000 Aflow i«00 3i500 3
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  • REGION
    • Article
      Indonesia may cut tax rate from 30% to 25%
      313 4  -  SINGAPORE CONFERENCE ON ASIA-PACIFIC ECONOMIES Move will boost competitiveness, says Finance Minister By' William Chia INDONESIA may soon cut its maximum individual and corporate tax rate from 30 to 25 per cent to improve national competitiveness. Finance Minister Mar'ie Muhammad, speaking
      313 words
    • Article
      China may not implement tariff cuts: top finance official
      274 4  -  By: Lu Ning CHINA may refuse to implement its recently announced tariff cuts if its major Western trading partners continue to block its entry into the World Trade Organisation, senior Chinese finance officials suggested yesterday. Chinese Assistant Minister of Finance Wang
      274 words
    • Article, Illustration
      Singapore a model of supply-side economics: BG Lee
      292 4  -  By Chuang Peck Ming SINGAPORE is a successful model of what supply-side economists are preaching that low taxes sweU government coffers, Deputy Prime Minister Lee Hsien Loong said yesterday. "Despite, or perhaps because of the low tax rates, the government coUects more
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    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1540 4 CITY FLIGHT ETA FUGHT ETD TG407 2105 M1894 1630 MahMi Of061 1930 0f082 2050 Hiroshima S0977 1720 SOWS 0M5 A—» HM7 OOP Ho CM VN741 1310 VM740 1410 Amsterdam K1843 0545 GA896 0130 »*Clly ***** 1920 S0I74 1430 S0025 0645 S0346 2330 Hongkong UA001 0050 UA002
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    • Article
      Dr M calms fears about Umno corporate figures
      292 4  -  KUALA LUMPUR Chances to become wealthy given to the deserving, therefore other Malays should not feel jealousy By\ Ho Kay Tat MALAYSIA'S Prime Minister Mahathir Mohamad told Umno members not to be alarmed by the growing number of corporate figures in the
      292 words
    • NOTE Book
      • Article, Illustration
        Lock icon Law to punish Kwangju masterminds
        108 4 AFP [SEOUL] In a stunning policy turnaround, South Korean President Kim Young Sam yesterday said he would enact a special law to punish the masterminds of the bloody crackdown on a i960 pro-democracy uprising. The move paves the way for his predecessors, generals-turned-president Roh Tae
        AFP  -  108 words
      • Article
        Lock icon US firms to invest US$1.2b in Philippines
        52 4 AFX-Asia [MANILA] US ambassador to the Philippines John Negroponte said American firms have earmarked US$l.2 billion (SSI.7 billion) for expansion projects here over the next three years. He expected more American investment in the Philippines if the government pursues its liberalisation and deregulation
        AFX-Asia  -  52 words
      • Article
        Thais may hit back over fishing incident
        60 4 [BANGKOK] Thai Defence Minister Chavalit Yongchaiyudh said yesterday Thailand might have to retaliate against Malaysia for a recent incident in which two Thai fishermen were killed by a Malaysian patrol boat The Thais were killed on Nov 6 when a Malaysian boat fired
        60 words
      • Article
        Lock icon Ban on Tempo still on: Harmoko
        70 4 Reuter AFP [JAKARTA] Information Minister Harmoko has ruled out lifting the ban on the Tempo weekly magazine for the time being, despite an appeal court verdict ordering him to do so, a report said yesterday. "The law says that it (the verdict) is not
        Reuter; AFP  -  70 words
    • Article, Illustration
      Lock icon A shot at stardom
      65 4 [BEIJING] Beneath their regulation overcoats, these soldiers were seen sporting Qing dynasty costumes as they walked to their next shoot outside the wall of Beijing's Forbidden City on Thursday. They were involved in the filming of a commercial for a foreign airline company. As a way
      AFP  -  65 words
    • Article
      Lock icon ADB sees slower growth in booming Asian economies
      378 4 MANILA Seal growth will still be three times higher than in Latin America, Europe Reuter THE booming Asian economies are expected to take a short breather starting next year, but real growth will still be three times higher than in Latin America
      Reuter  -  378 words
    • Article
      Lock icon Vietnam plans reform of land and credit laws
      115 4 HANOI Reuter VIETNAM is preparing a radical reform of its land and credit laws to stimulate investment in the country, an official said yesterday. New regulations, which will be published soon in the form of an "interpretation" of Vietnam's recently announced Civil
      Reuter  -  115 words
    • Article
      Know the rules in China, otherwise fill the gap
      248 4  -  SINGAPORE By* Toh Han Shih FOREIGNERS doing business in China "have to know the rules in order to win. Otherwise it's the foreigner's fault, not that of the Chinese". The rules refer not only to the written law but also to
      248 words
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  • REGION/WORLD
    • Article
      Lock icon US firms investing far more abroad than ever before
      431 5 NEW YORK 1995 direct investment abroad expected to be 47% more than last year at a record USs66b NYT AMERICAN corporations, flush with record profits, are investing far more abroad than ever before buying companies, building factories and opening offices and
      NYT  -  431 words
    • Article, Illustration
      Lock icon Public sector workers go on strike
      45 5 [PARIS] French public sector workers striking over the conservative government'splans to reform the country's troubled welfare system, swarming the streets of Paris yesterday. The banner reads "For our retirements, our welfare, our salaries and employment Public sector workers." REUTER
      REUTER  -  45 words
    • Article
      Lock icon Enron accepts US300m cost-cutting measures
      147 5 BOMBAY Reuter ENRON Corp, negotiating with India's western Maharashtra state to save a US$2.B billion (Ss4 billion) power project axed as unaffordable, has accepted cost-cutting changes of around US$3OO million, officials said yesterday. Apart from a reduction in the unit cost to 1.90 rupees, and
      Reuter  -  147 words
    • WORLD Watch
      • Article
        Lock icon CD pirates set to break record
        83 5 Reuter [LONDON] Copyright pirates plunder US$2.5 billion (553.5 billion) a year from the world's record industry and one in four albums is now counterfeit, the industry's watchdog chief said yesterday. Compact disc piracy is the fastest growing and China and Bulgaria are accused of
        Reuter  -  83 words
      • Article
        Lock icon France stops dead in her tracks... again
        89 5 AFP [PARIS] More than a third of France's public sector workers joined nationwide strikes yesterday, the government said, while over 200,000 took to the streets. The public affairs ministry said 37 per cent of public employees had not turned up for work in
        AFP  -  89 words
      • Article
        Lock icon Final plans for EU currency
        81 5 Reuter [BRUSSELS] European finance ministers are expected to finalise plans for the changeover to a single currency on Monday and will get their first chance to debate the merits of a European "stability pact" on budget deficits. The meeting is seen as one of the
        Reuter  -  81 words
    • Article
      Lock icon Cosco to buy 7 container ships from Samsung for US$324m
      243 5 HONGKONG Bloomberg Business News THE Beijing-controlled China Ocean Shipping Co (Cosco) has placed a US$324 million (***** million) order to buy seven container ships from Korea's Samsung Heavy Industries, the company said yesterday. The purchase will be financed in part
      Bloomberg Business News  -  243 words
    • Article
      Lock icon Japan to see more than 2% growth in FY96/97: Takemura
      390 5 ■TOKYO Japan finally looks set to recover from a four-year recession Reuter AFP JAPAN'S economy is likely to grow by more than 2 per cent in fiscal year 1996/97, starting next April, Finance Minister Masayoshi Takemura said. In a speech
      Reuter; AFP  -  390 words
    • Article, Illustration
      Lock icon HK growth slowed to 4.5% in 3rd quarter
      451 5  -  HONGKONG Byi Quak Hiang Whai HONGKONG'S economic growth slowed in the third quarter to 4.5 per cent, but the government said yesterday it is still sticking to its forecast of 5 per cent for the full year. Government economist Tang Kwong-yiu yesterday
      Source: HK government; FRANCIS  -  451 words
    • Article
      Lock icon Slush fund investigation ending soon
      424 5 SEOUL Traders believe business leaders involved will not be arrested Reuter Bloomberg Business News AFP PROSECUTORS probing former South Korean president Roh Tae Woo's US$654 million (***** million) slush fund said yesterday they would end the investigation soon. "The big picture has been drawn," an
      Reuter; Bloomberg Business News; AFP  -  424 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      171 5 I Pussy Cat Green Green Grass Delilah Kiss Ut "I virmm- a ij* lM o date: 7 7th December'9s I 4) time: 8 P.M. 15 o c venue: Harbour Pavilion c o_ o 0 prices: $120 $100 $80 1 $60 $40 -< o c c Ticket Charge Hotline: 296 2929
      171 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon S'pore Telecom's net earnings up 9.5%
      573 6  -  Results reflect last year's cuts in IDD charges and in cellular and pfrg subscription rates By i Genevieve Cua SINGAPORE Telecom's net earnings rose 9.5 per cent to $742.5 million for the six months to September, reflecting last year's cuts in IDD charges and
      ARTHUR LEE  -  573 words
    • Article
      Metro Holdings subsidiary sells stake in Singapore Dress
      209 6 [SINGAPORE] MAINBOARDIisted Metro Holdings said yesterday its subsidiary Metro Pte Ltd had sold its 30 per cent stake in Singapore Dress Pte Ltd. In a separate announcement, Metro Holdings said its Malaysian associate Etika Cekap had bought the entire equity of three
      209 words
    • Article
      Hicom Hldgs' profit up 17.9% to M$120.15m
      318 6  -  Results of the heavy industries giant meet analysts' expectations From Ruth Wong in Kuala Lumpur HEAVY industries giant Hicom Holdings Bhd posted a 17.9 per cent increase in group net profit to M 5120.15 million (5566.6 million) for the first six months ended
      318 words
    • Article
      Lock icon Plywood to stay down
      166 6 Bloomberg Business News [KUALA LUMPUR] Plywood prices, whose collapse caused Lingui Development Bhd's revenue to fall last year, probably won't rise during the year through June 1996, managing director Yaw Chee Ming "I don't think the price will improve, but we hope the price will remain
      Bloomberg Business News  -  166 words
    • Article, Illustration
      Time to buy Tokyo stocks but Japanese lack the confidence
      801 6  -  HOCK LOCE SIEW By Anthony Rowley The writer is BT's Tokyo correspondent IN Japan, "fundamental indicators are strongly positive for equities", wrote head of research at S G Warburg in Tokyo, Tom Hill, in his regular strategy briefing a few
      801 words
    • Article, Illustration
      Lock icon Falmac denies talk of takeover
      340 6  -  Bat two substantial owners have cut their stakes, it says By' Ven Sreenivasan [SINGAPORE] Knitting ma-chine-maker Falmac told the Stock Exchange of Singapore yesterday that no one had expressed an interest in buying into the company, but in a separate statement said two substantial shareholders
      Source: Bloomberg; ALLAN  -  340 words
    • Article
      Nippecraft makes $1.1m at half-time
      284 6  -  Hy' Teh Hooi Ling [SINGAPORE] Specialised stationery maker Nippecraft, which has changed its financial year-end from June 30 to March 31, recorded a turnover of $33.55 million for the halfyear ended Sep 30, 1995. Net earnings amounted to $1.12 million. As the financial year has
      284 words
    • Article
      A watershed year for MHE: chairman
      91 6 [SINGAPORE] Loss-making conveyor belt and automation system specialist Material Handling Engineering (MHE) expects its strategy of penetrating, regional markets to help it make further headway towards the black. "In many ways, the current financial year will be a watershed for the group," says chairman
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    • REGIONAL COMPANIES
      • Article
        Lock icon Shake-up at Goodman Fielder
        366 7 Company to restructure businesses along product lines Bloomberg Business News [SYDNEY) Australian food company Goodman Fielder Ltd said it will reorganise its milling and baking, New Zealand and consumer food businesses so that they are managed on a product instead of a geographic basis. It is
        Bloomberg Business News  -  366 words
      • COMPANY Briefs
        • Article
          Telecom incorporates Brunei associate
          61 7 {SINGAPORE] Singapore Telecom has incorporated an associate company in Brunei, Forward Media Sdn Bhd, with listed food group QAF. The company is 50 per cent-owned by QAF subsidiary Brunei Press and 50 per, cent by Telecom subsidiary Integrated Information. It was formed to publish the Borneo
          61 words
        • Article
          York unit to pay $300,000 settlement
          89 7 [SINGAPORE] York Pacific subsidiary York Transport Equipment (Asia) will pay $309,000 as part of a settlement arising from litigation. Earlier this year, YTEA was served a third-party notice by Emerald Trailers, who are in turn the first defendants in an action brought against it
          89 words
        • Article
          HBM Print earnings dive 99%
          55 7 [SINGAPORE] HBM Print earnings for the 12 months to August plunged to $14,000 from $2 million previously. The group said this was due mainly to losses incurred by an Australian subsidiary as a result of lower sales volume. Earnings per share fell to just 0.02
          55 words
        • Article
          First Capital pref dividend at 6,25%
          39 7 [SINGAPORE] First Capital Corporation yesterday said its redeemable cumulative preference shares will have a preference dividend calculated at the rate of 6.25 per cent per annum. It will be paid on Dec 18.
          39 words
        • Article
          SM Prime in cinema deal
          38 7 [MANILA] Department store chain owner SM Prime Holdings said yesterday it plans to sign a 19-year lease with Tutubari Properties to operate four cinema houses being built at the Tutuban Centre in Manila.
          38 words
      • Article
        Lock icon Philippine Airlines rejects Thai buy-in offer
        144 7 Reuter [MANILA] The Philippine Airlines has rejected an offer by a Thai businessman to buy a stake in the unprofitable airline, an official said. "We can't find the offer good enough. The offer is at five pesos per share which is below the book
        Reuter  -  144 words
      • Article, Illustration
        Lock icon Renong's quarterly earnings up 12%, close to forecasts
        445 7 Growth was broad based, analysts positive about UEM Bloomberg Business News [KUALA LUMPUR] Quarterly earnings for the Renong Group of companies were within forecasts, leaving analysts positive about the group's construction giant, United Engineers (Malaysia) Bhd, but divided as before about the
        Bloomberg Business News  -  445 words
      • Article
        Lock icon Hong Leong Bank gets nod for M$200m bond issue
        196 7 Bernama [KUALA LUMPUR] The Securities Commission (SC) has approved Hong Leong Bank Bhd's (HLB) proposed issue of Ms2oo million (Sslll million) nominal amount of 3 per cent subordinated bonds 1995/2000 with 70,500,000 detachable warrants. The approval from the SC, however, is
        Bernama  -  196 words
      • Article
        Lock icon Sale of infrastructure project stakes not a certainty, says Hopewell
        338 7 Analyst says value of HKs4ob is farfetched, HKs7.4b is more realistic AFP Bloomberg Business News [HONGKONG] Hongkong tycoon Gordon Wu's Hopewell Holdings Ltd said yesterday that its plans to sell stakes in infrastructure projects in China and Thailand "may or
        AFP; Bloomberg Business News  -  338 words
      • Article
        Lock icon Long Homes' rights issue
        155 7 Reuter (SYDNEY] Residential housing builder Long Homes Ltd said it is raising funds through a one-for-one renounceable rights issue of shares and options to bring in between A 542.79 million (5J44.6 million) and A 543.71 million. The issue price of A 50.40 compares with the last
        Reuter  -  155 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US plans rules to curb trading risks
        280 8 Guidelines to limit pay for traders who take excessive risks NYT [WASHINGTON! Responding to this year's trading scandals at Barings pic and other banks, US banking regulators have drafted guidelines to limit pay for traders who take excessive risks, government officials and traders
        NYT  -  280 words
      • Article
        A nasty surprise from Japan banks
        395 8  -  Latest results reveal large 'restructured' loans on which interest payments have been slashed From. Anthony Rowley in Tokyo ANOTHER big step was taken yesterday to reveal the true extent of Japan's banking crisis when major banks disclosed full details of their individual problem loans.
        395 words
      • Article
        Lock icon Daiwa among 11 banks reporting higher profits
        293 8 Bloomberg Business News Reuter AFP [OSAKA] Daiwa Bank Ltd said yesterday that lower interest rates boosted its mid-year profit, as it minimised the damage from its US$l.l billion (511.5 billion) New York trading loss by selling stock and land. The bank decided to
        Bloomberg Business News; Reuter; AFP  -  293 words
      • Article
        Lock icon Daiwa board faces suit from 2 shareholders
        341 8 Plaintiffs say bank conspired to cover np US$l.l billion losses Bloomberg Business News (TOKYO) Two Daiwa Bank shareholders are preparing to file a 110 billion yen (SSI.6 billion) damage suit against 30 board members and former executives of the bank, demanding that they
        Bloomberg Business News  -  341 words
      • COMPANY Briefs
        • Article
          Lock icon ING posts 10.3% profit surge in 3rd-qtr
          56 8 Reuter [AMSTERDAM] ING Groep NV said its third-quarter net profit rose by a higher-than-expected 10.3 per cent as a surge in trading income at its banking division helped offset insurance payouts. Between July and September, the company earned 699 million guilders (***** million),
          Reuter  -  56 words
        • Article
          Lock icon Stanchart shares up 9% on takeover talk
          47 8 Bloomberg Business News [LONDON] Shares of Standard Chartered rose as much as 9.2 per cent amid speculation that the bank might soon receive a takeover bid, traders said. The shares fell back after the company denied any takeover talks. Bloomberg
          Bloomberg Business News  -  47 words
        • Article, Illustration
          Lock icon Nintendo unveils first 64-bit machine
          60 8 Reuter AFP [CHIBA, Japan] Japanese video game giant Nintendo, seeking to revive its sagging fortunes, yesterday unveiled the first 64-bit game machine to be produced by a major game maker. Nintendo said the machine, twice as powerful as 32-bit machines sold by rivals such as
          Reuter; AFP  -  60 words
      • Article
        Lock icon British Telecom shakes up board, splits top position
        152 8 Bloomberg Business News AFP [LONDON] British Telecommunications pic has announced changes to its board of directors and said Peter Bonfield, currently chief executive of ICL pic, will become its new chief executive. lain Vallance, who has been both chairman and chief executive
        Bloomberg Business News; AFP  -  152 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        499 8 Vessel Voy No Berth Arrival Departur J«ii| Pert (IT) Akmai Jeya 1/95 J1 alongside 25.11/1400 (ST) Arfma 2 2/95 J1 alongside 2S.lt/2300 (IT) Gwi indah 8/95 J1 alongside 25.11/1600 (IT) Harapan Jeya 7/95 J1 alongside 25.11/0300 (IT) R8-4269 0295 J1 alongside 25.11/1900 lutm Putra 11/11/95 J2 alongside 25.11/1300
        499 words
      • Article
        CONTAINER SCHEDULES
        1612 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofctnq/Mwic* Rstls Ship Voy No Etb/Btr Portod From To From 4cs 4fncat 0071 27/WO N 24/1500 2VMM 24/1900 1 25/0700 25/W9 2VMO* 4 25/1200 25/1459 25/17** toM MM MM M MM 2VMM 2VKM J 25/0700 25/W9 2VK0C 4 2VI200 25/MS9
        1,612 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon China starts probe into share, futures institutions
        380 9 Ministry circular orders provincial sections to set np local supervisory systems Reuter Bloomberg Business News AFP [SHANGHAI] China has started an overall probe into the capital movements of futures and securities institutions, the Shanghai Securities News said. A Ministry of Finance circular said
        Reuter; Bloomberg Business News; AFP  -  380 words
      • Article
        Lock icon Saigon Petro to build US$26m oil terminal
        226 9 Reuter [HANOI] Vietnam's state-owned Saigon Petro plans to build a US$26 million oil (5536.7 million) terminal in the southern province of Ba Ria Vung Tau, an official said yesterday. The terminal will be capable of receiving tankers of between 50,000 and 100,000 tonnes
        Reuter  -  226 words
      • Article
        Lock icon Drop in use of US$ not speeding up: BIS
        327 9 AFP Bloomberg Business News [BASEL, Switzerland] The drop in the use of the US dollar on international capital markets did not boost the role of any substitute currency, such as the Deutschemark or the yen, the Bank for International Settlements said
        AFP; Bloomberg Business News  -  327 words
      • Article, Illustration
        Lock icon Direction of greenback remains cloudy
        416 9 US$/mark: The US dollar rallied on Monday morning to touch 1.4250 before buying interest fizzled and it fell to a low of 1.4040 the same day. Thereafter, the unit settled to trade between 1.4040 and 1.4150 and was trading around 1.4130 yesterday morning. The technical
        Source:; FRANCIS  -  416 words
      • Article, Illustration
        Lock icon A US$232m toast
        55 9 [HONGKONG] Chairman of APT Satellite Company, XieGaoJue (front row, third from right) making a toast with Credit Lyonnais' chief executive, Jerome Brunei (second from right) and fellow bankers from a 19 bank syndicate during the signing ceremony of the US$232 million financing for the Apstar-IA and Apstar-lIR
        AFP  -  55 words
      • Article
        UOB Visa card holders to get direct debit service soon
        282 9  -  Spending abroad can be charged directly to a cardholder's bank account in S'pore From! Siow Li Sen in Brisbane UNITED Overseas Bank Visa card holders will soon be able to pay for their spending overseas through a service similar to
        282 words
      • Article
        Lock icon CURRENCY REPORT
        153 9 AFX-Asia 8 Ti^ndffn THE dollar was a touch easier against the mark e and firmer against the yen in holidaysapped trading as the mark/yen cross bounced and traders noted Bundesbank comments cooling talk of an imminent rate cut. Bundesbank council member Ernst Welteke late on Thursday declined to
        AFX-Asia  -  153 words
      • Article
        Lock icon World oil prices creep up in thin volume
        292 9 ENERGY REPORT Reuter [LONDON] World oil prices crept higher in a quiet London market which was hushed by a holiday in the US. January futures for North Sea Brent crude, the world's benchmark, traded up 10 cents by late afternoon to U5516.84
        Reuter  -  292 words
      • Article, Illustration
        Untitled
        1212 9 DfTWIBlMK CUERMIIOT RATBS 4pm, Nov 24 SJ AfrtMt US) Afttat S$ Afatat US$ Carrandas BM Oftar BM 0ffar CfrtncMt BM Off* BM Offar Franc* franc 29.0162 29.0391 4.1623 4.8628 Local dollars to one unit of foreign currency: Hoofko* doBar 18.24 18.26 7.7344 7.7354 AntraNan doOar 1.0430 ***** 0.7392 0.7397 MaMStl
        1,212 words
    • COMMODITIES&FUTURES
      • Article
        COMMODITY Reports
        848 10 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market eased nine sen to close at M 515.96 per kg in line with the lower closing on the London Metal Exchange overnight. On the LME, three-month tin closed US$3O lower while at the local front higher offerings by
        848 words
      • Article
        Lock icon SIMEX Report
        1169 10 Reuter [SINGAPORE] Simex Eurodollar futures closed firm on strong buying support from European and Japanese investors. Dealers said volumes were light overall with participants sidelined due to a holiday in the US and Japan on Thursday. "There was relatively good volatility on Simex when the Londoners came in.
        Reuter  -  1,169 words
      • Knight-Ridder Commodity Summary
        • Article
          Association to hold coffee talks
          126 10 [LONDON] The Association of Coffee Producing Countries (ACPC) will hold a management committee meeting in Bali on Monday, with lower world coffee prices and moves by Indonesia to change the current system of retention high on the agenda. The meeting will hear reports on how
          126 words
        • Article
          India producing more coal
          87 10 [NEW DELHI] India's coal output in the first half of fiscal 1995-96 (Apr-Mar) was 112.00 million tonnes, versus 102.84 million a year earlier, the government said yesterday. A press statement said coal output in September was 18.76 million tonnes, up from 17.88 million a year earlier.
          87 words
        • Article
          Indian Oil to expand refinery capacity
          97 10 [NEW DELHI] State-run Indian Oil Corp, which is building a petroleum refinery at Panipat in northwestern India, plans to expand processing capacity there. The company plans to expand capacity to nine million tonnes a year of crude oil, from an initially planned six million,
          97 words
        • Article
          Lacklustre European grains market
          77 10 [LONDON] Thursday's lacklustre EU cereals management committee did little to awaken Europe's dormant grains market, traders said. All bids to export open-market wheat with a subsidy were refused. There were no bids to export wheat with a tax. Market players couldn't complain, one trader commented, because
          77 words
        • Article
          Tanzania coffee prices hold firm
          113 10 [NAIROBI] Prices for Tanzanian coffee were relatively stable at the fortnightly auction in Moshi on Thursday, in line with movements on the arabica futures market in New York. "The differentials were in line with the New York market, there was no sign of precaution, the
          113 words
    • Article
      COMMODITY PRICES
      1259 10 S1C0M FUTURES Nov 24 IUBKI (Mwu cfMiaf m at S.30»a) RSS 1 CONTRACTS cwrtiA») ClOM VoUMM Op#n M—til Njjgk Low Sott (tonnes) Nrtorttt 0#C 95 231.00 239.00 241.00 25 $25 Jan 240.00 2250 F*tt 240.00 1775 Mar 96 240.00 1875 Apr/Jan 96 242.00 240.00 241.50 375 m75 Jul/Sep
      1,259 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2369 11 -24.61 STOCKS ended a dull day of directionless trading slightly lower. Activity was subdued after Thursday's holiday in both Japan and the US, with dealers squaring positions ahead of the weekend. "Today was sandwiched between a holiday and the weekend, the US also had a holiday, the month-end is
        2,369 words
      • Article
        Sydney
        606 11 +0.4 Share prices struggled to rise just 0.02 per cent, after a day of thin trade following a US holiday on Thursday. "Without the US market giving us influence, we had to take leads from the UK," a broker said. "Gold prices were up there overnight... but market volume
        606 words
      • Article
        Manila
        479 11 ♦e.77 Stocks were little changed as a three-day rally stalled amid concern that interest rates will continue to rise to curb inflation and bolster a weakening peso. The market has gained 5.6 per cent in the previous three days after reaching a 25month low on Monday on concern about
        479 words
      • Article
        Taipei
        384 11 +1L92 Share prices finished 0.3 per cent higher in slim trading, with pulp, paper, banking and financial issues posting leading the bourse higher. "The impact of a reported military drill by China subsided and some investors resumed small-scale buying," said an analyst. The 321-issue Weighted Price Index advanced 11.92
        384 words
      • Article
        Seoul
        473 11 ***** Stocks added another 1.2 per cent, spurred by investors' confidence of an upcoming rally, brokers said. "Investors swarmed in to grab low-priced shares after concluding that the market would see a rally with the slush-fund scandal drawing to an end," said a trader. The Composite Price Index surged
        473 words
      • Article
        Bambay
        198 11 +98.02 Share prices recovered to finish higher on the Bombay Stock Exchange on hectic short covering after Thursday's slump, brokers said. "Sellers took cover after the crash and helped the market to recover," a dealer said. "It was reduced selling pressure and some short covering that took the market,"
        198 words
      • Article
        Untitled
        242 11 VCLUMTOM »«24 COOP) ANZ Banking 665 unch 7356 Advantagas Mldgs 1.49 -O.tl ***** Air Na« ZmtrxS (A) 3.87 -0.07 *****9 Air Naw Zaaland (B> 538 ***** AmurlCorp 0.46 unch ***** BN2 Financa 2.00 0-22 *****3 Baycorp 2.10 0.02 *****0 Bnartayinv 1.19 0.02 *****09 COL Invastmants 0.33 unch *****5 CartarHolt 3-29
        242 words
    • WORLD STOCK MARKETS
      • Article
        London
        662 11 +2L5 UK BLUE CHIPS finished higher, lifted by continuing bid activity, a firm Wall Street and hopes for lower taxes. The FTSE is expected to continue to push higher next week provided the Dow Jones remains steady. "I wouldn't rule out the Footsie reaching 3,700 but it will depend
        662 words
      • Article
        New York
        734 11 +10J2 Stocks were higher in sluggish trading, boosted by carry-over buying from Wednesday's session. The session will be abbreviated, with exchanges halting trading at Ipm EST. The Dow Jones Industrial Average was ahead 10.12 to 5,051.73 at 11am EST. The NYSE Composite Index was ahead 0.43 to 320.14,
        734 words
      • Article
        Untitled
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        398 words
    • Article, Illustration
      Lock icon HONGKONG
      2476 12 Reuter P Hang Seng -IW2 HONGKONG stocks finished slightly lower in lethargic trading in the absence of major participants following the US Thanksgiving holiday, brokers said. The Hang Seng Index ended 16.92 points lower at 9,488.75, off the morning low of 9,432.18. Turnover fell to HK52.47 billion from an
      Reuter; FRANCIS  -  2,476 words
    • Article, Illustration
      Lock icon CHINA
      710 12 Reuter F1 Shanghai B Share Into +OJ7 SHANGHAI B shares edged up at the close on cautions buying and overseas selling faded after the market had dropped for months, brokers said. The index gained 0.17 point to 50.57 on thin volume of 4.5 million shares worth US$l.6 million. A
      Reuter  -  710 words
    • Article, Illustration
      Lock icon BANGKOK
      1201 12 Bloomberg Business News Q SET Index +&34 THAI stocks rose as shares in Bangkok Bank and Siam Cement, the two most-weighted issues in the main index, rallied in the last few minutes of trading. "Going into the weekend, some of the funds decided to provide a little window dressing,"
      Bloomberg Business News; ALLAN  -  1,201 words
    • Article, Illustration
      Lock icon JAKARTA
      1089 12 Bloomberg Business News CI Composite Index -0.68 STOCKS were little changed as investors were hesitant to make bets in a session cut short by computer troubles and a Muslim weekly observance. The Composite Index fell 0.68 point to 468.93. About 30 million shares changed hands. The start of trading
      Bloomberg Business News; BCRUZ  -  1,089 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks decline on lower earnings outlook
        6796 13 KUALA UJMPURReports Bloomberg Business News D Composite Index -6.62 STOCKS feU amid expectations of lower corporate earnings for 1996 than previously forecast. The KLSE Composite Index slid 6.62 points to 922.41. The broader Emas Index lost 2.19 points to 259.01. Turnover was 91.1 million
        Bloomberg Business News; ALLAN  -  6,796 words
    • WARRANTS&OPTIONS
      • Article
        UMW warrants a good buy?
        3515 14  -  WARRANT WATCH By) R Sivanithy IN PREVIOUS columns, we've highlighted that deep-out-of-the-money warrants with rare exception command very high premiums. Conversely, a deep-in-the-money warrant tends to trade at a discount, but not only is there usually low gearing, it also increases the risk to the
        3,515 words
    • Article
      CLOB INTERNATIONAL
      2031 14 Or Or IMS Last Val Day Laat Owata Mv Mv YM MM M Cap HMO Lao »tna Cikhit lata fOOO) Hlgfc Law Buyar BaBar CVf P/l 471 M 9000 AJSBSOc 402(0 »2 M 402 1M IN 4M S3 4* 44 013 403 B7 703 5001 AMOBSOc 773 -1
      2,031 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1731 15 •f rmmmm* mwrooa 1Mb CM Tstai IMn CM Mri imZmZ ITSoi ZTm Slim 333u JUvI fOwt* 2,263 1020 4.2*3 4433 24,tf7 iMMl tn 4fT 1.308 2.3W «M JW» PrwtlM MO an 8,4*5 27,7*0 UM 30,957 WtWtoMta 2,071 2.071 1J08 140* MWni UM un UM J&2 TOTM. 8UM 2*479 8*770 20*597
        1,731 words
      • Article
        MAIN BOARD
        4262 15 Or Or M Wt m LMt VM Day LaatOuata Ml Ml n KM Cap Avg hm» Law wm Cimpaay w> rooo> nm> Law Bwyar m» cv p/i >■> W" 210 176 1254 AcarSOc US183 uneh 27 183 182 183 184 12.4 302.9 490 314* ml 1000 AcmaSOc 444
        4,262 words
      • Article
        SESDAQ
        853 15 Or Or M Wt 1999 Last Val Day Last Ow(< Mv Mv YW Nat Ca» A*« Hlfli L— WWi Om»$my Mi *h POOB> t— Imr W» C*w PtW. <■> Prto H 322 40 2000 ABU Hldgs Sc 287 -2 164 299 286 287 282 18.0 U OJ 62.4 126.9
        853 words
      • Article, Illustration
        Lock icon HOT STOCK
        52 16  -  -By Shiv Taneja ROTARY Engineering closed 6 cents higher at 98 cents yesterday. Although the daily and weekly RSI and Stochastics are at or near 75, there is still some upside left. But investors should get out of the stock well before $1.10. Support is at 90 cents.
        JEN CHUA  -  52 words
      • Article, Illustration
        Market weak, with late deals propping up STII
        876 16  -  STOCK MARKET COMMENT ART Institutions report drying op of interest as fall of key indices dampens fragile sentiment By R Sivanithy [SINGAPORE] Late possibly artificial support ensured the Straits Times Industrials Index held onto the 2,100 mark in an overall weak day
        876 words
      • ON THE GRAPEVINE
        • Article
          Essence of Cerebos talk
          91 16 THE recent high turnover of Cerebos Pacific shares has sparked off market talk that Suntory Pacific, which owns 84 per cent of the company, is planning to place out new shares to raise fluids for its China-based ventures. The company, which makes the famous Brand's range
          91 words
        • Article
          Is this scurrying too soon?
          101 16 MALAYSIAN Prime Minister Mahathir Mohamad's surprise statement during his opening address to the Umno general assembly yesterday that he would "soon" relinquish control of the party to his deputy Anwar Ibrahim has set some Kuala Lumpur market watchers scurrying to pick listed companies that would
          101 words
        • Article
          What does 'E' stand for, Kotjo?
          105 16 THE Johannes Kotjo story is not over, or that is what stock punters believe. There is much expectation that Kotjo, who is looking for V-A-L-U-E in Singapore, has one more acquisition to go. He started with Van Der Horst, went to ABR, later found
          105 words
        • Article
          Damansara few grapes later...
          75 16 A FEW grapes ago, we highlighted a stock that went against a general decline in the market—Damansara Realty. Since then the counter has gone from strength to strength on the KLSE. Since hitting its year's low of MSI .20 on Nov 6, Damansara has risen 42
          75 words
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      Page 7 Advertisements Column 1
      111 7 •&> 0^ M? Ms£ Mf frf m ifc L mm ■PI <£ IB& k > >»r Lamfntands &bmKm Take a fresb new look at Habitat for the latest in furniture and borne furnishings. HABITAT. MAB I N A SQVABI *01-101. i RAFFLES BOI'LtVABO. SISCAFOBt IOOi TBI I t'l How to
      111 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      52 12 The Business Times RINOAPOKt Paster. Sharper. Deeper A bold new look and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. Deeper analysis of trends, and more opinion and commentary. For Information, please call:
      52 words
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      Page 12 Advertisements Column 2
      111 12 1 j Start my THEBUSINESSTIMES $165.20 1 months for kxal) I (The rate excludes detery charges, if appkabte, Much wi be coteaed by newsvendor montty). i Subscription now! Name (Mr/Mrs/Ms/Dr*): Age: Signature: Address: Date: Telephone No (H): (O): i I Occupation: Tlx/Fax*: *Please delete where applicable. I I want to
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      Page 15 Advertisements Column 1
      40 15 FAST RELIEF FROM hwtwfcH Indigestion causes pain and discomfort in your stomach. ctVw G n n |H| Gaviscon acts quickly by forming a protective layer MHP *****5 over the undigested food in the stomach, to relieve indigestion. qaviscon RELIEVES INDIGESTION.
      40 words
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      Page 16 Advertisements Column 1
      194 16 B__Ll__S__L N E S S T I M E S j j I I The" Business Times tlNOArOftl Faster. Sharper. Deeper A bold new lode and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and
      194 words
    • Advertisement
      Page 16 Advertisements Column 2
      16 16 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.
      16 words
    • Advertisement
      Page 16 Advertisements Column 3
      506 16 Singapore Closing Share Prices 24/11/1995 CLOSE PREV LOW HIGH till## uss uss uss uss mllilr Jardine Matheson 5.70 5.65 5.65 570 i ardin Strategic 2.65 2.65 2.64 2^6 IVW/ i Dairy Farm 0.77 0.76 0.76 0.775 Hongkong Land 1.72 1.71 1.71 1.73 ■MfffffPl Mandarin Oriental 1.13 1.14 1.10 1.14 EfiiAUiAftai
      506 words
    • Advertisement
      Page 16 Advertisements Column 4
      265 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 And WELL-HANDLE FURNITURE DESIGN (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company duly convened and held at SO Jalan Sultan #21-04 Jalan Sultan Centre. Singapore *****4 on 22nd day of November 1995 the following
      265 words
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      Page 16 Advertisements Column 5
      298 16 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PETAIN INVESTMENTS PTE LTD (IN LIQUIDATION) Extract of the Minutes of an Extraordinary General Meeting signed by the Representative of Holding Company relating to Proceedings of Subsidiary Company pursuant to Section 179(8) of the Companies Act.
      298 words
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  • ISEAS Trends
    • Article, Illustration
      An Asia-Pacific concert of powers
      1103 17  -  Much more than current mechanisms are needed to maintain regional stability. Amitav Aeharya offers an old idea to fit the new geostrategic setting REGION-WIDE SECURITY REGIMES: REFLECTIONS Amitav Acharya Dr Amitav Acharya is an Associate Professor of Political Science at York University, Canada. IN the
      1,103 words
    • Article, Illustration
      Lock icon One South-east Asia, one security doctrine?
      1641 17  -  An Asean-type security doctrine for the whole of Soath-east Asia may be a matter worth considering By. Bunn Nagara Bunn Nagara is a Research Fellow at the Institute of Southeast Asian Studies. A SECURITY doctrine works as a body of guiding principles governing strategic
      AFP  -  1,641 words
    • Article
      The 'New Malay' of Singapore
      1263 18  -  A few more high-profile successes in the Malay community in Singapore will allow it to define its own directions, says Tania u Tania Li Dr Tania Li is a Research Fellow at the Institute of Southeast Asian Studies and Associate Professor at Dalhousie University, Canada.
      1,263 words
    • Article, Illustration
      Fleet-footed Hongkongers
      583 18  -  BOOK REVIEW By\ Brian Bridges Dr Brian Bridges is a Senior Lecturer with the Department of Social Sciences, Lingnan College, Hongkong. THE move by Chris Patten, the Governor of Hongkong, in late September to resuscitate the apparently dormant issue of British passports for more than three million of
      583 words
    • Article, Illustration
      Globalising the nation-state
      1242 18  -  No tradition or local culture can compete with the cosmopolitan aura of Western icons such as McDonald's or Levi's Yao Souchou Dr Yao Souchou is a Fellow at the Institute of Southeast Asian Studies. EATING at McDonald's or buying a pair of Levi's jeans are culturally significant
      1,242 words
    • Article, Illustration
      Indonesian defence after the Cold War
      1210 19  -  laeonard c Sebastian provides an analysis of the first defence White Paper put out recently by the Indonesian government Leonard C Sebastian Leonard C Sebastian is a Fellow at the the Institute of Southeast Asian Studies. INDONESIA is only the second country in South-east
      1,210 words
    • Article
      Foreign labour issue in Malaysia
      959 19  -  There are more than one million foreign workers, many illegal, in Malaysia and this can be both an asset and a liability to the country's development By P Ramasamy Dr P Ramasamy is an Associate Professor with the Department of Political Science, Universiti Kebangs(ian Malaysia.
      959 words
    • Article, Illustration
      Lock icon Seoul-Hanoi ties that bind
      1325 19  -  A renewed, growing friendship is brewing between Vietnam and Sonth Korea and it goes beyond economic ties By] Nick Freeman Dr Nick Freeman is a Research Fellow at the Institute of Southeast Asian Studies. WHILE much media attention has recently been paid to Vietnam's burgeoning relations
      AFP  -  1,325 words
    • Article, Illustration
      Lock icon Not quite a triangular relationship
      1237 20  -  Dipanbar Banerjee throws light on the historical and strategic interactions between India, China and Pakistan Dipankar Banerjee Major General Dipankar Barterjee is the Deputy Director of the Institute for Defence Studies and Analyses, New Delhi IT is surprising that the Indian subcontinent and China, two
      AFP  -  1,237 words
    • Article, Illustration
      Where peace depends on personalities
      1045 20  -  WAS AMD PEACE: THE MIDDLE EAST AND SRI LANKA What are the prospects for continued movement in the Middle East peace process after the assassination of Israeli leader Yitzhak Rabin? By\ Mazen Nagi Mazen Nagi is with the School of Social Sciences, Universiti Sains Malaysia.
      1,045 words
    • Article
      Sri Lanka, an island at war
      862 20  -  A tropical tourist island paradise has turned into one of the bloodiest battlegrounds on the globe By t Arvind Kala Arvind Kala is with the New Delhi-based organisation Asian Scan. LYING at the foot of India, the island of Sri Lanka is shaped like
      862 words
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      380 17 ISIE Wreleases Bp ADJUSTING towards AFTA 9k The Dynamics of Trade in ASEAN 881 Jayant Menon ■H The decision to establish the ASEAN Free Trade Area (AFTA) was initially met with widespread enthusiasm. Some of this enthusiasm has since dissipated as all countries except Singapore have voiced concerns regarding the
      380 words
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      416 18 BEHSISEIISISEHSISEfISISEHSnCSEHSTSEH2 THE DUNCAN MACNEILL FELLOWSHIP PROGRAMME Applications are invited for fellowships tenable at the Institute of Southeast Asian Studies (ISEAS), Singapore, in 1996. Eligibility One fellowship is open to Indian nationals permanently residing in India. The other fellowship is open to Southeast Asians. Qualifications Within the foregoing, preference is given
      416 words
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  • EXECUTIVE Lifestyle
    • Article
      Life after an en bloc windfall
      1394 21  -  Many flat owners become instant millionaires with the collective sale of their apartment block. How do .they spend the money? cosmMß kbkk finds out CORINNE KERK EN BLOC sale, collective sale, the discovery of a pot of gold, the sudden emergence of millionaires. Call
      1,394 words
    • STRAWS In The Wind
      • Article
        Red, white and blur
        63 21 SO YOU think the service in local restaurants is bad? Put yourself in the shoes of one guest at last week's EDB lunch for the visiting German business delegation, which was attended by Deputy Prime Minister BG Lee Hsien Loong. The guest asked the waiter for
        63 words
      • Article
        How's this for starters?
        49 21 HERE ARE a couple more restaurant incidents. A diner asked the waitress for some water. Her reply: "You want mineral or original?" Another diner told the waiter he wanted his steak "medium". The waiter told him that all their steaks came in the same size.
        49 words
      • Article
        Odd couple
        89 21 A REPORTER went to apply for a US visa but didn't have the right change, so she pooled her money with the man in front of her who was applying for a visa for himself and his two daughters. At the counter, the official asked the standard questions
        89 words
      • Article
        Traffic considerations
        66 21 AT A QC convention, one Thai participant thanked a member of the audience for his suggestion that his bank pay its counter staff for cutting down their lunch hour so as to serve customers better, but added that the idea would not work in Bangkok. Traffic there was
        66 words
    • HEALTH
      • Article, Illustration
        Lock icon Mixing business with exercise
        1947 22  -  It's easy to neglect your health when faced with a hectic work schedule. Some executives, however, make that special effort to stay fit Five of them talk to susam tsamo about their exercise regimes SUSAN TSANG IT HAS been said that as you climb up the
        ARTHUR LEE  -  1,947 words
    • PERSONALITIES
      • Article, Illustration
        Lock icon A different drummer
        1305 23  -  Citibank's Lee Lung Nien talks to oob hweb lemo about his unusual collection of snares and cymbals GOH HWEE LENG The writer is a freelance journalist who contributed this article to Executive Lifestyle ONE WOULD never guess what Lee LungNien collects. In fact, most people would probably
        CHRIS LOH  -  1,305 words
    • Article, Illustration
      Diana has her say
      458 24  -  TELEVISION The world caught a glimpse a different Princess Di during the BBC interview By\ S N Vasuki JOHN Le Carre once wrote that we all get the face we deserve. Not the Princess of Wales. On Monday night (Tuesday morning in Singapore), before a global
      458 words
    • Article, Illustration
      Secret agent with an image problem Secret agent with an image problem
      850 24  -  CINEMA Can James Bond meet the challenge of being male in the '90s? Pierce Brosnan gives it his best shot in Goldeneye, but doesn't always succeed By, Jaime Ee BOND, James Bond. He drinks Bollinger and vodka martinis
      850 words
    • Article, Illustration
      Lock icon Back with a vengeance
      464 25  -  NIGHTSPOT Zonk reopened its doors last Thursday with a party packed with trendies By. Ang Wan May ZOUK's seven months in the wilderness are over and clubbers are now swarming back to their favourite haunt to be seen, to see, and to have a good boogie.
      ARTHUR LEE  -  464 words
    • Article, Illustration
      WHAT'S ON
      416 25  -  Compiled by Corinne Kerk THEATRE Songs Of Footprints If you like a combination of abstract theatre with Mandarin and dialect thrown in, you're in luck. As part of the Raw Theatre series' fourth year venture, Ang Gey Pin and Friends will present Songs of Footprints, a theatre production
      416 words
    • DIVERSIONS
      • Article, Illustration
        The Met sensation
        496 26  -  Barely a month old, the Met Shop at Raffles City has already become a hit with local shoppers. caanniß sere checks out its appeal CORINNE KERK IT HAS been only four weeks since the Metropolitan Museum of Art Shop opened at Raffles City, and it is already
        496 words
      • Article
        Tilting in favour of Faiveley
        616 26  -  WINE CONNOISSEUR The Burgundies of this house are prized by discerning wine lovers By N K Yong A CLARET-LOVING friend said to me recently: "I am becoming more and more fond of red Burgundy." It is a common phenomenon, this increasing tilt to Burgundy from
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    • PEOPLE
      • Article, Illustration
        Patrons and friends of the arts
        220 26 IN APPRECIATION of the organisations and individuals who contributed to the development of the arts in Singapore, a 1995 Patron of the Arts Awards ceremony was held at the Singapore Marriot Hotel on Nov 2. Hosted by the National Arts Council, the event was
        220 words
    • Article, Illustration
      CINEMA
      1181 27 Affair Play. Dutch movie about a diamond merchant who is pathologically jealous. He imagines his wife sleeping with every man she meets. To save his marriage, he hires a golf pro to seduce his wife. R(A). Cathay. Yangtze, Golden: 12am. A Kid In King Arthur's Court. A 20th century
      1,181 words
    • TRAVEL
      • Article, Illustration
        Hua Hin's haven of good health
        858 28  -  It can be a tiring drive from Bangkok to Chiva-Som spa but chances are you won't regret it once you arrive there, writes lohhuiydi LOH HUI YIN Chiva-Som's general sales agent in Singapore is Gekwee Associates. A three-night package, including meals and treatments, costs
        858 words
      • Article, Illustration
        Food that's good for you
        289 28 MOT CONTENT with selling its spa facilities, the owners of Chiva-Som are spreading the message of healthy living through the sale of food items at the Villa Supermarket in Bangkok. "We want to extend our concept by selling our food merchandise low fat items like
        289 words
      • Article, Illustration
        Lock icon Get your kitsch on Route 66
        952 28  -  DESTINATION In Los Angeles, a shopping spree can easily be disguised as an enjoyable day oat for the whole family By< Christopher Parkes FT THE TAIL END of Route 66, the historic highway which picks up the name of Santa Monica Boulevard a few
        FT  -  952 words
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      14 21 Health How executives keep fit. EL 2 \v f W f J B I
      14 words
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      Page 21 Advertisements Column 2
      73 21 Collecting A different drummer. EL 3 r .V yrm v ,!P. BlancpaiN 3vj^fcL-f 7 v y "p >%V ,4L'/V" Since 1735 there has NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel.: *****20 Lucky Plaza Tel.: *****62 Scotts Tel.: *****27
      73 words
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      269 22 In-Deptti Business News from Singapore Wtok Perspective For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from I I a Mr/Mrs/Mss/Ms: Occupation: a perspective which is more relevant to I r local businessmen than any other Age publication. Some may
      269 words
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      152 23 lw. --X 'TjtJL tr i'JiZ, VOl{ rr /O FOR DRIVING POWER AND DISTANCE. Here are fb? I Metal Woods are designed to ijr with unparalleled and you the longer distance that you're M advantage in club handling and looking for on par 6's. The excellent L j* I confidence. Also
      152 words
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      238 24 IH Budweiser I £&ESBtu I 5 1111 h\ Jll T\ IFM [7753? I 'V*A M WHERE TO WINE, DINE AND ENTERTAIN IPJ I world s largest S6LUNG beer J iKatt Dotted Garoupa LONG BEACH SEAFOOD RESTAURANT (Kmlm Brink) Tat 445 8833 INM u S.-«H0» Tanna Central 1018 Earn Comi Parkway
      238 words
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      Page 24 Advertisements Column 2
      158 24 "High Tea" starts at High Noon Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. Prices subject to 10% service charge, 1% government tax and 3% GST For reservations, please call 737
      158 words
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      Page 24 Advertisements Column 3
      219 24 We've Stretched Our Serving Hours for T U N C H Tunch" is the best for lunch and high tea rolled into one. Which means longer serving hours and even more scrumptious spreads Saturday. Sunday Public Holiday 'Tunch" 12 noon 5 pm 13.80 (Adult) $9.80 (Child) 'Tunch Karaoke" 3 pm
      219 words
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      Page 24 Advertisements Column 4
      234 24 MORE THAN JUST Am SEAFOOD! ■M UtOMl Besides live seafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge! Available from 8 pm to 8.40 pm, Mondays to Fridays. seafood restaurant 920 East Coast Parkway, Singapore 1544. Tel: 345 1111 BUT^apFLY B AFyA F
      234 words
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      Page 24 Advertisements Column 5
      170 24 =4Gj I fancy 'Beijing? I I Then, we're delighted to suggest the Pine Court for a memorable dining experience. Our lunch menu offers a variety of dian %in 'Beijing dumplings, a selection of HCIbTTI set menus, and 'Beijing specialities jfm/V such as 'Beijing 'Ba/fgd Tench and HlwiuSwJ MarinatedLamb.Janaj some nowi
      170 words
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      686 25 Where to wine, dine and entertain [uM i oltee house m J 17th Dec 1995 "o Ml f 3.00 pm 5.00 pm ciii§ i A delicious spread of Christmas Goodies and Special Appearance by Santa Claus. Adult: $18.00+++ Child $15.00+++ Make your reservations todayl can 733 2081 ext. 468 APOLLO
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      32 25 Act now before we run out I of Space For Informatipn about Business Times "Wine, Dine Entertainment" Scheme, please call: Stephanie Lee 740 1284 Renee Loh 740 1518 Paul Chew 740 1581
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      2221 27 TODAY'S TV BBnOWTBMPMP T1HWUIU Fiwafcroia toa sSCSuysia. 1LOO AM M.O.G. as Seen on TV u TVlP crirl frnm see how the latest James 1M p» W Basketball 0.00 BeritaSemasa. i ne gin irorn Bond fllm was made See loo 902 Topik yesterday new gadgets, a new Bond 330 Golden Peony
      2,221 words
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