The Business Times, 24 February 1996

Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 046/12/95 85< SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, FEBRUARY 24-25,1996
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  • 4 1 A Q*-
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  • 35 1 K f *f§Fi K n f bT r srmmtm i "Ml i'WMWIiCPl f -m -mMSm i r iMi p -&9&W&&M r^HHWMI ~*V l eMK6&&*?3lM v -r mm wr" s? 1' Vo2fl2£2w*«n!e (Source: NatWest Bank)
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  • 557 1  -  1,832 sold last year at prices ranging from $300,000 to $ljgm tuffh By< Christopher Tan [SINGAPORE] Fast cars are moving really fast Singaporeans snapped up 1,832 su-per-luxury cars last year, 504 units or 38 per cent more than the 1,328 they bought the
    557 words
  • 363 1 [WASHINGTON] The US economy grew at a slower-than-ex-pected pace in the fourth quarter and put in its weakest annual performance since the 1991 recession, government figures showed yesterday. Inflation, meantime, remained subdued. The gross domestic product, the total output of goods
    363 words
  • 418 1  -  By\ Chuang Peck Ming (SINGAPORE! The government yesterday announced salary revisions for ministers and senior public officers in line with its annual formula to bring their pay closer to top private sector salaries. The monthly salary of the benchmark Staff Grade I
    418 words
  • 453 1  -  Move to recruit mid-career staff unlikely to cause wage spiral, they say Byi Chuang Peck Ming [SINGAPORE] Employers and headhunters do not appear to be overly concerned by the government's move to recruit, for the first time, mid-career staff* from the private sector into
    453 words
  • Page 1 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 376 2  -  (fort mora likely to prevent market from moving beyond this range, say analysts By Abdul Hadhi [SINGAPORE] Government moves are likely to prevent the overall residential property market as well as individual categories from moving beyond a 5-10 per cent range in 1996, markets watchers
      376 words
    • 442 2  -  Theme restaurant in final stages of talks with stere By« Jenny Lam FASHION CAFE, started by supermodels like Claudia Schiffer and Naomi Campbell, is in the final stages of talks to open its first outlet here within Lane Crawford's premises, said the
      442 words
    • 276 2  -  By' Ven Sreenivasan UNDISCHARGED bankrupt Andrew Chua Buan Lee, who was involved in a betting controversy last year, has been sentenced to six weeks' jail by the High Court for travelling overseas without the permission of the Official Assignee or the court.
      276 words
    • 133 2 THE 1996 Economic Survey of Singapore will be released at 8 am on Monday, the Ministry of Trade Industry (MTI) said yesterday. The report of economic performance during 1995 includes details cm sectoral performance, sources of growth, inflation, employment and productivity. In his New Year
      133 words
    • 498 2  -  Both VIPs will focus on tapping into region's bona By Walton Morals TAPPING into the region's economic boom will be the focus of two visiting foreign leaders who will arrive here next week in a hectic round of diplomatic activity for the
      498 words
    • 136 2 THE year-long slide in the monthly inflation rate seems to have been stemmed last month. The consumer price index (CPI) rose 0.9 per cent in January, the Department of Statistics said yesterday. Except for a dip in February 1996, inflation had been falling—from a high
      136 words
    • NEWS Roundup
      • 82 2 AUSTRALIANS who will not be tn Australia on polling day M <M«»I tp .-y be held on March 8, from Singapore in two way®, eays the 'f k mail n ■■■iiimwiii Tlx i> mi init n> [■inMin voting, which altars them to cast tbeir votes in
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      • 79 2 MEMBEBftoftbe Board of Commlssionsrs of Currency the next three years have been appointed by tfeePMilßtlfte four appointed are Lee Seng Wee, liHihpn Mil iitiliif oisniHiro nfflrrr nfmrnnnn Hilmm DwfrhW nmnms slWiii Wes Cho Yaw. chairman and chief executive officer of United Overseas Bank Group; Manfred Olio Berth, gsnsral
        79 words
      • 52 2 ■< «'l Iff 001 om t ywlwrtsy headlined "Sale of new private per cent last year", we said *Kat of the for completion tn 1997, i 0,7» units liens ifclelk SMttO ■iwl nwhsirii boon »nlil Thn lss> fljiii n should have been MB units. We are sorry
        52 words
    • 475 2  -  Inbound fignre forecast to grow 0% annialty till 2000 By. Agnes Wee SINGAPORE'S outbound travel sector chalked up an estimated business of about $980 million last year and this figure is expected to grow by another 15 per cent this year to
      475 words
    • 370 2  -  LETTER TO THE EDITOR Choy Chan Pong Director. Land Administration Division Urban Redevelopment Authority I refer to The Business Times' report dated Feb 21 headlined, "Redas preparing statement on URA release of take-up figures". i The report said that developers were unhappy with the URA over
      370 words
  • Page 2 Advertisements
    • 59 2 INVESTMENT OPPORTUNITY CANADIAN RESORT LAND suitable for VACATION RESORT INVESTMENT In the Laurentian Region. Freehold Land. 35 subdMded lots for sale. Minimum size 30,000 sq. ft. each selling for only Singapore $10,000. Plan No: 7318. For (Mailed information write to: Mapto Realty, Crawford P. O. Box 571, Singapore *****3. Pagan
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  • Page 2 Miscellaneous
    • 277 2 THUWEAT 11 Btapp«« Showers over several areas in the afternoon. Temperature (23-31) < sSv SS2BL ?K» 2ZZ_ q4 j*"** (loudy Ate* nm CM* BnaAm Hrt7 CM* M Shown CMm> M'-l Shown wn sh bm mm shown tafii wn cm? Bnari ins Ft* Ciipprtiji W/-4 Bww HaMa WW CMy g-f CM*
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 577 3 Those polled for their views on the Singapore stock market's outlook the week ahead are: Baring, Daiwa Securities, Deutsche Morgan Grenfeli, GK Goh, Merrill Lynch, Nomura, Phillip, S G Warburg and WI Carr. Bqi (Xpal Uatriac Recent data show that the Australian housing market, while no longer
        Figures denote number of respondents  -  577 words
      • Article, Illustration
        561 3  -  Ng Chong Thye STtST" OLD rallied US$3O I t (Ss42) in just a short \A span of time from the beginning of this year at US$3BB to US$4lB per troy oz on Feb 2. This represents a healthy 7.75 per cent jump. Since then, gold has taken
        561 words
    • 794 3  -  MetaStock for Windows is an object-oriented system for the keen chartist By] Paul Leo [SINGAPORE] METASTOCK for Windows (MSW) is well worth the wait. It took developer Equis about two years after rival Win-dow-based systems were available here before MSW was finally launched. And the
      ARTHUR LEE  -  794 words
    • 546 3  -  Loss of competitive edge, smaller profit marking fffmgfr By\ S N Vasuki [SINGAPORE] TEXTILE stocks, once high-fli-ers on the Jakarta bourse, have tumbled recently as companies' margins are squeezed and their export competitiveness is eroded. Indonesia's textile sector has long been viewed as the
      Source:; JEN CHUA  -  546 words
    • 455 3  -  BTEOMTHBKBOION: PHILIPPINES By( Conrad Raj [SINGAPORE] Philippine stocks look all set to breach the all important 3,000-point barrier on the benchmark Philippine Stock Exchange composite index by the end of the month as foreign funds once more find their way to Asia. "The market is
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    • 550 3 Bwktf CMm m$ 25.000 249.999 UM ***** MM A$ *****0 SOQLMO ***** um ism *****-***** ua ***** 4*250 50.000 (Mm *7500 6.7500 4.7500 500 000 *****99 7JB0 7JN00 7J300 Omk Uri-«MMN ***** 7.1300 7.2900 ■400-404*9 2-5*25 ***** 2J750 M aooo<»~ S!Tmm- «4«» tu» *9000 HK$ &SI00 *****0
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  • REGION
    • 295 4 NEW DELHI AFP AN Indian court yesterday ordered federal detectives to report on charges that Prime Minister P V Narasimha Rao had accepted bribes from the chief suspect in the country's worst corruption scandal. The Delhi High Court ordered the Central Bureau
      AFP  -  295 words
    • 226 4 UTAIPEI 1 AFP TAIWAN said yesterday its troops would remain on full alert although China had yet to begin military manoeuvres near the island, seen by Taipei as intimidation ahead of democratic presidential elections. "The defence ministry will continue
      AFP  -  226 words
    • 430 4 TAIPEI Taiwan's president does not role ont unprecedented summit with Chinese leaders Reuter, AFP TAIWAN's President Lee Teng-hui said yesterday that making peace with rival China was the most important mission of his government and added that a summit with Beijing's
      Reuter,; AFP  -  430 words
    • 411 4 BEIJING Seven highways, three waterways in the pipeline AFP, Bloomberg Business News CHINA is to push ahead in the coming five years with ambitious plans to upgrade transport links to ease bottlenecks that have created serious obstacles to nationwide development, a report said yesterday.
      AFP,; Bloomberg Business News  -  411 words
    • 130 4 WASHINGTON AFX-Asia THE possibility of an accidental outbreak of hostility between China and Taiwan due to miscalculation in the Taiwan Strait during China's upcoming military exercises is "great," CIA director John Deutch said yesterday. "A miscalculation or an accident unintended could lead to some
      AFX-Asia  -  130 words
    • 104 4 HONGKONG Reuter BEIJING has shortlisted five candidates to run Hongkong after the British colony's mid--1997 return to China, and they include the current civil service chief, a leading Hongkong newspaper said yesterday. A China-controlled selection committee would formally name the chief executive but
      Reuter  -  104 words
    • NOTE Book
      • 63 4 AFP [BEIJING] China yesterday issued an upbeat forecast of the 1996 inflationary trend, predicting a ftgthnr Basing of price rises to 6.8 per cent year-ono*ar In the first quarter. A State Planning Commission survey said the three-month target would put the objective of bringing annual
        AFP  -  63 words
      • 39 4 Reuter [BEIJING] Giumgzhou has unveiled a plan to quadruple the city's area to 216 sq km flrom 54 sq km and embark on eight major transportation, residential and waterworks projects within the next five years.—Asuttr
        Reuter  -  39 words
      • 63 4 Reuter [JAKARTA] Indonesia's Manpower Minister Abdul Lattaf said yesterday he would meet businessmen next month to diacuaa ways to reduce levies that are partly blamed for the country's hitfj-oost economy. "There will be a meeting with the chamber on March 4 attended by aeveral ministers
        Reuter  -  63 words
      • 51 4 AFP [TOKYO! Japan introduced a new crisis management manual yesterday to prepare tor the possibility of a massive earthquake hitting the capital Tokyo, government officiate said* The manual was endorsed by Prime Minister Ryutaro Hashimoto and other ministers during an informal cabinet meeting, the officials
        AFP  -  51 words
      • 60 4 Reuter [TOKYO} Jean's 21 biggest banks had seven trillion yen (S|Bag billion) of problem loans to non-bank financial institutiow other than firms at the end of Septamber, a Ministry of Finance (MOF) official said yesterday Last November, MOF said the 21 banks had 13*86 trillion yen
        Reuter  -  60 words
    • 317 4  -  mSYDNEY Rating says dubs' contracts with rival Rugby League binding By] Peter Lynch MEDIA baron Rupert Murdoch's plans to use rugby to build up his worldwide cable and satellite TV empire were dealt a severe blow yesterday. A landmark decision in what has
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    • 51 4 [MANILA] Confetti raining down on marchers as they shout slogans protesting against oil price increases during a march here yesterday. The march coincided with an official four-day commemoration of the 10th anniversary of the ousting of the late president Ferdinand Marcos in a 1986 "People Power"revolt.
      REUTER  -  51 words
    • 297 4  -  SINGAPORE World Bank warn* that its huge debt may impede growth By\ Harish Mehta VIETNAM should try to reach agreement with the Paris and London Clubs to restructure its US$6.7 billion (559.5 billion) commercial debt soon, a World Bank official said recently in Hanoi. This
      297 words
  • 1407 4 CITY FUGHT ETA FLIGHT ETD TC407 2120 MI894 1630 HmtuH mm mm mmg» mm mo mm mm AMaMt 0F81 1930 Of 82 2050 Ho CM MM VN741 1310 VN740 1410 |tjtt7 0130 EX072 1710 S0174 1430 A«t~*. SQ/DL2S 0645 GA090 0M0 »*> 0(073 "g ***** 1540
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  • REGION/WORLD
    • WORLD Watch
      • 24 5 Reuter §1 countrjae with the biggset ambitions fcr the luropean Union—Prance and Germany—are to the moetEU trade barriers, European jgfM Germany a>r
        Reuter  -  24 words
      • Article, Illustration
        2 5 AFP
        AFP  -  2 words
      • 5 5 AFP SQ90S bodies either
        AFP  -  5 words
      • 10 5 Reuter T TIIP i Z *> V, J* a-" V
        Reuter  -  10 words
      • 6 5 A s^;:;i. j v A *>*». > ■<
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    • 419 5 WASHINGTON RepaMicaiis debating whether to make nhwncb»th> prlwitj tm Mmmlij LATWP US PRESIDENT Clinton exhorted Congress on Thursday to return to the work of balancing the federal budget and enacting other reforms. At the same time, Congressional Republican leaders, held intensive
      LATWP  -  419 words
    • 399 5  -  WASHINGTON Ha also nominates economists Alice Rivlin and Laurence Meyer to fill two Fed beard vacancies By\ Leon Hadar IN A move that was applauded by Wall Street and Congress, US President Bill Clinton announced on Thursday that he was nominating Federal Reserve Board
      399 words
    • 154 5 TOKYO Reuter THE Ministry of International Trade and -Industry is planning to allow Japanese utility companies to invest in developing Asian countries, a ministry official said yesterday. The government has, until now, encouraged power and gas companies to concentrate on the
      Reuter  -  154 words
    • Article, Illustration
      40 5 [LONDON] The statues in London's Trafalgar Square taking on a cold coat of kx on Thursday as fresh snowfalls descended on the capital overnight Like the restof Europe, Britain has been in the grip cf below-freezing temperatures. AFP
      AFP  -  40 words
    • 250 5 WASHINGTON Reuter US TRADE Representative Mickey Kantor has asked the World Trade Organisation to help fight the continuing problems of bribery and corruption in global business dealings, his office said on Thursday. He said in a letter to WTO director-general Renato Ruggiero in
      Reuter  -  250 words
    • 498 5 MOSCOW Reuter RUSSIAN President Boris Yeltsin laid out a tough economic programme for 1996 yesterday, but analysts said he would struggle to meet inflation targets while fulfilling pledges to protect the weak. Mr Yeltsin, buoyed by Thursday's agreement with the International
      Reuter  -  498 words
    • 317 5 WASHINGTON InwUrt view news assign the Federal Beeerve may still lewer interest rates Bloomberg Business News THE US economy showed new signs of stress on Thursday as the government reported that claims for unemployment insurance rose for the second consecutive week. First-time
      Bloomberg Business News  -  317 words
    • 435 5 LONDON Reuter PRIME Minister John Major faced a crisis yesterday after a third member of parliament defected from his ruling Conservative Party, cutting his parliamentary majority to just two ahead of a key vote on government probity. Peter Thurnham, in parliament for 13
      Reuter  -  435 words
  • Page 5 Miscellaneous
    • 38 5 DOOMEtfBUBTffi/ Gary Trudeau I BUT YOU UJAWIO 60 J M I COMPANY HA6 I KNOW HAVE■ I YOU KNOW, JI&T 88/ ■JSSS7£S?WSmJn| f MiKa? E HH&. MYHOUSeMATESM I YOU MEAN, ISTHtS I I SPEAK]NG /N I POINT. I
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  • COMPANIES & MARKETS
    • 435 6  -  Firmia which Nat Steel anit has 2SJ% stake teaming np with major Japanese players Rqportsbj Loh Hui Yin in Bangkok MAINBOARD-listed Nat Steel is going from steel to wheels by investing in a synthetic rubber plant in Thailand which will make tyres.
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    • 229 6 NATSTEEL Chemical's involvement in overseas projects such as the synthetic rubber plant in Thailand will help make it a significant industry player in the region. And at home, a malnboard listing is on the cards for the Nat Steel group subsidiary,
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    • 226 6 [SINGAPORE] Listed Tuan Sing Holdings is proceeding with its purchase of office space in John Hancock Tower along Raffles Quay but is buying fewer floors. In a statement yesterday, Tuan Sing said it has been informed by the
      226 words
    • 494 6 lit the last six ninths, three out of four firms reported hither earnings MBT [KUALA LUMPUR] Listed companies registered better interim results generally in the last six months with three out of four companies reporting higher earnings. The overall growth in pretax profit for
      MBT  -  494 words
    • 465 6  -  BOOK LOCK SOW By Lee Han Shih AHKSI.IS billion (***** million) takeover in Hongkong could pave the way for two Malaysian tycoons Robert Kuok and Khoo Kay Peng—to expand their huge media group into China and other
      465 words
    • 348 6  -  By Conrad Raj [SINGAPORE] CDL Hotels International Ltd, the Hong-kong-listed subsidiary of Singapore property giant City Developments, yesterday gave an undertaking to the High Court not to use the "Millennium" brand for its Singapore hotels pending the trial in May of a suit
      348 words
    • 150 6 Reuter [BRUSSELS] The European Commission is not expected to have problems with the acquisition of a 49.9 per cent stake in Belgian telecom firm Belgacom by Ameritech International, Tele Danmark and Singapore Telecom, a European Union source said yesterday. The deal would likely be
      Reuter  -  150 words
    • 622 6 Counters attracting more investors after introduction of small lot trading NST [KUALA LUMPUR] The introduction of reduced lot trading for Malayan Banking Bhd and Genting Bhd last month is receiving the kind of response that the Kuala Lumpur Stock Exchange has been hoping for
      NST; Source: Bloomberg; JKNCHUA  -  622 words
    • COMPAMIES
      • Article, Illustration
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      • 286 7 Disney Online UmehetSySOO-p*# Web lite Reuter [LOS ANGELES) Disney Online, the online services unit of Walt Disney Co, made its first major step on Thursday to take its Magical Kingdom onto the Work! Wide Web with the launch of a 2£oo-page site called Disney.com. The
        Reuter  -  286 words
      • 271 7 Bloomberg Business News [MOUNTAIN VIEW, California] Netscape Communications Corp said another security flaw was found in its Internet software, the fourth time defects have been found in the company's commercial products. The latest defect is linked to Sun Microsystems Inc's Java
        Bloomberg Business News  -  271 words
      • 139 7 Bloomberg Business News [PURCHASE, New York] PepsiCo Inc said on Thursday that chairman and chief executive Wayne Calloway will resign and turn over the reins to Roger Enrico, the company's No 2 executive. Mr Calloway, who has been at the helm of the soft-drink, restaurant
        Bloomberg Business News  -  139 words
      • 253 7  -  GROWTH nv FOND MANAGEMENT It has identified some China manufacturing projects bat has yet to decide en them By' Ven Sreenivasan [SINGAPORE] The Keppel group-led China Canton Fund has raised over US$5O million (5170.S million) and is currently evaluating several projects in
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      • 255 7  -  Firm is eeesideriiig lunching uit trusts in Singapore By Shiv Taneja [SINGAPORE] Abtrust Fund Managers (Singapore) Ltd has increased the size of its office space threefold by moving into 4,500 sq ft of new premises at Circular Road, a senior manager of the firm said
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      • 266 7  -  By Arthur Lee [SINGAPORE] A 25-year-old landmark in Toa Payoh, a cinema run by mainboard-listed Eng Wah Organisation, is shutting its doors for the last time this Thursday to make way for a four-storey cineplex, retail centre and food court. Hie move is
        ARTHUR LEE  -  266 words
      • 168 7 Reuter [NEW YORK] Microsoft Corp beamed a political talk show on the Internet on Wednesday night aimed at the under-30 crowd, seeking to demonstrate its prowess despite the medium's technical limitations. The broadcast was staged at New York City's @Cafe and hosted by
        Reuter  -  168 words
      • 250 7 Reuter [NEW YORK] The emerging markets should perform well in 1996, having recovered from last year' 8 economic weakness set off by Mexican uncertainty, said Shafiq Islam, chief emerging markets strategist at Credit Suisse. He expects the Asian emerging markets to cool
        Reuter  -  250 words
      • 355 7 Bloomberg Business News [TOKYO] The price of memory» chips for computers will continue to fall this year, cutting into chip makers' profits, an executive of NBC Corp said. Cecil Conkle, NEC's senior mi-fcetlm mfl tt g l>r for mwn» ry products in the
        Bloomberg Business News  -  355 words
      • 149 7 Reuter [TOKYO] Net buying of Japanese equities by foreign investors tends to be greatest in the month of March, according to a study by one of Japan's "Big Four" brokerages of the five years through 1996. During the period, March averaged the
        Reuter  -  149 words
      • 317 7 Results are below market expectations of 5-10% prefit rise Bloomberg Business News [ZURICH] Union Bank of Switzerland's 1996 net profit rose a lower than-expected 4 per cent as earnings from trading operations rose less than predicted. ÜBS said 1995 net profit rose
        Bloomberg Business News  -  317 words
    • FINANCE & COMMODITIES
      • 430 8  -  Ttkyo talk stems from buying by Singapore banks, says analyst By] Paul Leo [SINGAPORE] In its first such action since the US dollar-yen intervention agreement was unveiled this week, the Monetary Authority of Singapore (MAS) is said to have joined the
        430 words
      • 254 8 Firm will MM on its commitment t# merchant banking Bloomberg Business News [NEW YORK] Donaldson, Lufkin Jenrette Inc (DLJ), Wall Street's newest publicly-held firm, plans to double to US$6 billion (Ss&s billion) this year the money it wields to acquire
        Bloomberg Business News  -  254 words
      • 306 8 Bloomberg Business News [CHICAGO] Chicago Board of Trade (CBOT) chairman Patrick Arbor plans, in the coming months, to propose expanding the minimum price move in the grain and soybean markets. Corn, wheat and soybean futures prices at the CBOT move in US 0.25-cent
        Bloomberg; Business News  -  306 words
      • 461 8 USI/DM: The greenback continued to plunge on Monday following the previous Friday's descent during New York hours to touch a low of 1.4420 against the German mark. It then consolidated between 1.4434 and 1.4606 for the next three days. It traded around the
        BCRUZ  -  461 words
      • 266 8 Renter (NEW YORK] The US insurance industry has fast become the place for so-called smart money. Interest in insurance deals is coming from a growing number of specialised investment groups as well as big-name buyout funds and corporate buyers. Everyone from general buyout Arms
        Renter  -  266 words
      • 328 8 But Citibank will maintain m. training presence in S'pore [SINGAPORE] US banking giant Citibank said yesterday it is moving its Singapore-based regional training centre to Manila, though it will continue to maintain a training presence in the Republic. Stuart Jones, Citibank's regional training director
        328 words
      • 168 8 AFP Reuter THE dollar added half a pfennig as German money supply figures rekindled expectations of a Bundesbank credit-easing near term. German M 3 in January grew at an annualised 8.4 per cent, roughly in line with expectations but well below talk this week that growth will soar
        AFP; Reuter  -  168 words
      • 327 8 ENERGY REPORT Reuter [LONDON] World crude oil prices drifted lower yesterday as market players struggled to defend gains of about US$l.OO a barrel made over the week. Brent crude futures for April delivery were 10 cents lower at US$lB.lB a barrel in
        Reuter  -  327 words
      • Article, Illustration
        183 8 The figures are based on mid prices of currencies quoted by OCBC Rupiah quote is bv Bloomberg For Rupiah Yen and Won. the figures are In 100 units of the foraß currency Indicated. Among the four currencies themselves, the exchange rate should read as it is. WATm Feb 23 i
        183 words
    • COMMODITIES & FUTURES
      • 498 9 [SINGAPORE] Rubber futures closed higher across the board in foirly active trade in line with higher Japanese prices, brokers said yesterday. They said prices in Tokyo and Kobe were generally higher on expectations that deliveries at the spot enquiry would be small and on some short-covering by private
        498 words
      • 216 9 Reuter [SINGAPORE] Slmex Euro yen futures came under renewed attack in afternoon trade yesterday as lingering worries about a Japanese interest rate hike received a fresh boost from comments by a Liberal Democratic Party official. After tracking positive territory all day on short-cover-ing activity, Euroyen was sold off
        Reuter  -  216 words
      • Knight-Ridder Commodity Summary
        • 85 9 [SINGAPORE] Several cargoes of Indian rice that were due in Indonesia in Oct-Dec last year have been re-routed to west African states, according to Asian industry sources. Re-routing of the cargoes was tied to Indonesia's announcement in late 1996 that it would not extend
          85 words
        • 130 9 [CHICAGO] South Korea overnight bought several thousand boles of San Joaquin Valley cotton for Apr-Jun shipment, but mostly business remained quiet, exporters sakL One trader said Japan had shown some interest recently aMr a drop in basis levels, but traders salt it appeared no business had
          130 words
        • 138 9 [WELLINGTON] Prices for domestic US beef dropped during the week and sales of US imported beef were limited, the New Zealand Meat Producers Board said. "Prices for domestic beef dropped another four US cents (about 5.6 S'pore cents) a pound this week in response to increased supplies.
          138 words
        • 65 9 [TOKYO] Japanese primary stocks of kerosene at the end of January fell 23.3 per cent from a year earlier to 2.647 million kilolitres, the Ministry of International Trade and Industry reported yesterday. Brisk kerosene sales due to cold weather accelerated the stocks draw-down Petrol stocks
          65 words
      • 343 9 Reuter C WASHINGTON] Chinese grain import demand through the* next 10 years and beyond wifi be steady, but will not thriateh world markets, said a Chfcieee flWrkl at tiMi Agriciiltore Department's Annual Agricultural Forum. Painting a more optimistic pieture of China's production capacity than
        Reuter  -  343 words
    • 29 9 *r T ,-.r *-■%<?» *&4\z* Feb 15 KOTTHKPAM Feb 23 '9PK m rnmm^Ammmmltl^UKKmSiSUmBSUmi KS UWimCHLAFEOPUOTI Feb 23 KLTDf Feb 16 Lo iroowrox Feb22 SDfQAPOSB 0HZVB8B nmranoBuofl iHpllillMKp gBgfliBS
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    • 4031 10 Ditty* -MM SHARE prices closed lower yesterday, pressured in late trading by weak futures, for the seventh straight decline. The Nikkei 225 Average closed 40.56 points lower at 20,300.38. The Topix Index closed down 4.28 at 1,568.18 with the Nikkei 300 Index felling 0.96 to 292.99. Volume
      4,031 words
    • 1031 10 HlwlM *3 SHARES ended marginally higher after treading water in a narrow range throughout the day, despite further advances on Wall Street Caution about increasing volatility in US markets coupled with domestic political worries left investors happy to sit on their hands ahead of the weekend. The
      1,031 words
    • Article, Illustration
      2404 11 AFX-Asia :flEugS«g ♦SLie jSHARE prices closed higher on active futures trading and bar-'gain-hunting, dealers said. The Hang Seng Index closed «up 51.96 points at 11,390.41. Turntw, Over was HK54.95 billion. A dealer said futures traders .'-bought into major blue chips "tfuring the afternoon, pushing -the index up. "Hongkong Telecom,
      AFX-Asia; ALLAN  -  2,404 words
    • Article, Illustration
      1349 11 Bloomberg Business News, Reuter PSETMg -MJ» STOCKS fell for the fourth day yesterday on concerns that numerous bond sales will draw money away from shares, analysts said. Bangkok Bank, Thai Farmers Bank, Phatra Thanakit, United Communication and General Finance Securities each announced bond sales yesterday. "There are a lot
      Bloomberg Business News,; Reuter; ALLAN  -  1,349 words
    • WARRANTS & OPTIONS
      • 3454 12  -  WARRANT WATCH By] R Sivanithy AFTER a brief flurry some time in the middle of last year, Malaysian cement stocks have fallen out of the limelight. There are several counters that fall under this sector, but only one has warrants in issue the Malaysian second
        3,454 words
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    • STOCK EXCHANGE OF SINGAPORE
      • 217 13 TURNOVER fSwiimi SCOREBOARD or <S 3 ar .a 9s ;sr sa aaas, «i v SmST 55 m s? «ss «s «K RUN MUt HJT -as- ss s Mi mmmm nut fflT'i »i. A 51 > i*£.i&,v*<• L i ft u* tmm "n2i MO *ri K3rtf**? S»w3£ >W< ,0> "J® J2J
        217 words
      • Article, Illustration
        66 14  -  By Paul Leo OJY THE daily chart DBS Ar# appear**) beam Pitting the right tkwkkrqfaknti \indfn lion with the neckline at $1190. A break btkmiht Mkline will see at bast a drop ofslM to mmwiftSfc weekly and monthly RSIs near or in overbought nrai and the daily MACD
        66 words
      • 846 14  -  STOCK MARKET OOMMBMTiBT Bloe-chip rise reflected in the broader market which, including Cloh, recorded a healthy 275-66 advance-decline score By R Sivanithy [SINGAPORE] Late support for local blue chips and Malaysian second-lin-ers yesterday enabled the market to end the week
        846 words
      • ON THE GRAPEVINE
        • 192 14 STOCKHROK3NG firms in Singapore and the region are beginning to get worried about the remarkable rally on the New York Stock Exchange this week. Conventional wisdom had it that this would be a sedate year for American stocks because the Dow touched record levels in IMS. Analysts beUeved
          192 words
        • 109 14 -rj-r 1} •> MALAYSIAN Prime MlnktarMihithir Japan for three days from tomorrow. A foreign ministry spokesman in Tokyo said yesterday that the Malaysian prime minister will attend a disbar party to be hosted by Prime Ministsr Ryutaro Hashimoto on Monday, wfflvtaft Japanese itfrtech companies and hold talks wtth
          109 words
        • 87 14 SPOT gold prices was quoting at U*****.75-US|39eJK an ounce yeslerday and a bullion analyst feels tint prices wffl wnrin static <tewplte »h*» unwise tn 'r currency markets. "We an seeing gold continuing to trade to the U*****-UBtNt level," he said. "Moreover, It has a good
          87 words
        • 41 14 ONE reader called u* yesterday to eonfcla that we keep mtt»«palttng the napacf investor ciBiuraouuri warrettBtiflRttnk a oar stortee /lt should be WamoBaftKt, not Buffet," het*M.fttiitowelj has been nlbbiinc away at the T. *V you* t t
          41 words
    • 3669 13 Or 9r M Wt 9*» Urn 99*4 CIW>M| <S» WWO> Ht*""' Urn fcrff* "lltiMr Cw jS f£2 w*tmm,wm «z~- $<-? c*>- JM IT# I2M ActrSOc US992 *1 129 193 191 m 200 12.9 317* 25 ST 55? AcmaSOe 440 *2 203 44( 440 440 44tlUUlJtl T2T.9 439 490
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    • 745 13 <NI tar 11IH Mr Mr VM tat Cm a** JM I «ta *h r008» HN» U» tawr 9*tar Cm Pit tmk 9ta* mm n--- :♦*5* > i*? 25 2 2 So? 11 **7 in m m u u «m mt m mWO 50 2001 Asiwn*trt* SOc 2H) 210 2H
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  • Page 10 Advertisements
    • 34 10 Individually numbered and hallmarked and with a solid 18k gold nib. L'expression personnelle. Guaranteed for life. .11, nm.MULJUJBIj. i-uuw Available at all department stores and pen specialists, for more Information telephone: 1800 448 6676.
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  • Page 11 Advertisements
    • 59 11 I in Shin Min Wanbao and WIN prizes worth up to $15,000. .L» _^^rt^®^"""®'®"*®®^i^^^^ uil > *T f cflas^a^Koni c- fo r ta^\ I (cow puis) jjj,' Liantw Wanbao Shin Mln Daily News .l.ct.c.c w >«,hmut For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor,
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  • Page 12 Advertisements
    • 41 12 SMOOTH AS SILK TO 73 CITIES Thai now brings you more of the world than ever A. before. More countries in Asia, Europe and worldwide. And, naturally, more of the smooth as m <">' silk service for which we're renowned. mßKlßSffiggf'/i 1
      41 words


  • Page 14 Advertisements
    • 199 14 BUSINESS T I M E S issnssßi TOLL-FREE TEL. No. 1-600-741-1883 RAX:74I-1298 jet'The 1 Business Times 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,
      199 words
    • 1062 14 Singapore Closing Share Prices 23/02/1906 CLOSE PREV LOW HIGH (JS$ uss uss ust \llll/ Jardine Matheeon 8.20 7.80 8.00 8.38 WtSOSXfi Jardine Strategic. 3.38 3.30 3.30 3.38 I KSOjf A Dairy Farm 1.00 1.00 0.59 1.00 KKfl Hongkong Land 2.17 2.20 2.17 2.24 ■■■■■■■I Mandarin Oriental 1.34 1.37 1.34 1.38
      1,062 words

  • 1101 15  -  GROWING ASIA-EUROPE TZZB Franoois Oodement cautions against expanding the Asem membership Franoois Godement Dr Francois Godement is a Senior Research Associate with the French Institute of International Relations, Paris. ANY summit meeting of heads of government is likely to generate some momentum for co-opera-tion, but
    1,101 words
  • 891 15  -  It will be a historic occasion when the Asian heads of §9 w uiueot meet their European ceonterparts in By Lee Poh Ping Dr Lee Poh Ping is Professor at the Faculty of Economics and Administration, University of Malaya. ONE says the obvious when one predicts the
    891 words
  • 819 15  -  What is the styrificance of the recent EU-Vietnam agreement? By Michael Hindley Michael Hind ley, MEP, is Senior Vice-President of the European Parliament's Trade Committee and author of the Parliament's report on the EU- Vietnam agreement. THE European Parliament (EP) recently approved the European
    819 words

  • 933 16  -  INDONESIA'S POLITIOAL BCOMOHT Maimah s Taiib analyses the breakthrough for relations between the state and Islam in Indonesia Naimah S Talib Dr Naimah S Talib is a Fellow at the Institute of Southeast Asian Studies. THE recent congress of the Association of Muslim Intellectuals
    933 words
  • 1057 16  -  A farther expansion of government eFpenditnre would result in an overheated economy By\ Didik J Rachbini Dr Didik J Rachbini is Director, Institute for Development of Economics and Finance (INDEF), Jakarta. IN a speech to Parliament in January, President Suharto highlighted the unprecedented
    1,057 words
  • Page 16 Advertisements
    • 365 16 While the world is acknowledging East Asia's rapid I \w 11|| economic growth, most of the Asian nations are mm I facing a new challenge: managing migration. There Wk Jl B are about three million foreign workers in the seven m\M lIM JwT -IT I f V labour importing countries,
      365 words
    • 103 16 I President I Chirac I to give lISEAS address 5 ftA N conjunction with his state visit to Singapore H Tat the end of this month. French President H Jacques Chirac will deliver a policy address organised by the Institute of Southeast Asian H Studies. The topic of his address
      103 words

  • 1164 17  -  An enormous amount of hidden savings in Vietnam have yet to be tapped and harnessed. Mtok Freeman examines the issue Nick Freeman Dr Nick Freeman is a Research Fellow at the Institute of Southeast Asian Studies. DESPITE Vietnam's status as one of the
    REUTER  -  1,164 words
  • 1234 17  -  Steady governance ha* been tte key to an improvement in PMip;iiieecooomicfortimes By* Joaquin L Gonzales III Dr Joaquin L Gonzalez 111 is with the Department of Political Science, National v University of Singapore. ESPITE the usual natural calamities and rice crisis which helped trigger double-digit inflation, the
    REUTER  -  1,234 words
  • 971 17  -  The poor are not to Uame for vote-buying and other flaws of democracy in lliailand, but are instead the victims By James S Ockey Dr James S Ockey is a Research Fellow at the Institute of Southeast Asian Studies. IT has often been argued that
    971 words

  • 1246 18  -  THE TAIWAN ISSUE Jaushieh Joseph Wn examines the issues surrounding, and consequences likely to flow from, Taiwan's forthcoming presidential election Jaushieh Joseph Wu Dr Jaushieh Joseph Wuisan Associate Research Fellow at the Institute of International Relations, National Chengchi University, Taipei TAIWAN'S first popular presidential election will
    REUTER  -  1,246 words
  • 1171 18  -  China's ramification with Taiwan is a thorny issne and remains elusive By Pham Cao Phong Pham Coo Phong is a Research FeUouxa£\ the Institute far International Relation Hanoi and currently a Research FeUouxat the Institute of Southeast Asian Studies* CHINA'S long history has
    1,171 words
  • 978 18  -  We are witnessing an old-fashioned confrontation in power politics By Richard Halloran Richard Halloran,formerly with The NmlN York Times as a foreign correspondent Asia and military correspondent in Washington, writes about Asian security from Honolulu. S POR President Clinton, the swelling conflict with China
    978 words

  • EXECUTIVE Lifestyle
    • 1370 19  -  Private education in Malaysia is big business, and companies are quick to see the potential in it ouuubub reports SHJHNA GURBAKHASH The writer is a Kuala Lumpur-based freelance journalist who contributed this article to Executive Lifestyle. IN THE fast growing economies of Asia, the most
      1,370 words
    • STRAWS In The Wind
      • 120 19 ONE CAR company ran an advertisement just before Chinese New Year saying all its offices and workshops would be closed during the festive holidays, but "in the UNLIKELY event" that car owners would require assistance, to call its 24-hour hotline. It must be wishing it
        120 words
      • 79 19 IS EDUCATION really the key to a lucrative career? After reading the recent newspaper report about the coffeeshop owner who sold his premises for a record )8 million, one aspiring investor isn't so sure. She remarked: "When I was young I told my mother I wanted to
        79 words
      • 41 19 SOMETIMES you just have to watch your terminology when you're in mixed company. One frustrated architect raised a few eyebrows when she yelled at a contractor over the phone: "You have to ERECT before I can see it!!"
        41 words
    • STYLE
      • 866 20  -  Claiborne, Guess Classics, Country Road some of the latest menswear lines to appear in Singapore are spinoffs from what started as women's fashion, oobimiib kbrk finds out what's behind this trend CORINNE KERK Perhaps it's the determination to prove that male shoppers in Singapore are alive and kicking.
        866 words
    • COLLECTING
      • Article, Illustration
        980 21  -  These fiery sparklers can be super buys, both for enjoyment and investment cum smw um provides pointers for a good deal CHAN SIEW LING LIZ Taylor flaunted it. Sharon Stone fought over it. Napoleon wore it cm his sword as a talisman until he lost it and the
        ARTHUR LEE  -  980 words
      • 383 21 CUlt Many people confuse cut with the shape of a diamond. Most diamonds are cut with a full 58 facets, and a good cut, or make, has more sparkle. The shape of the diamond, however, is largely a matter of personal preference and does
        PHOTO COURTESY OF HARRY WINSTON  -  383 words
      • 721 21 Diamond prices are forever or are they? IT HAS become a truism that diamond prices never fall, a claim that has been cultivated over the years by De Beers' annual US$lB5million (***** million) marketing campaign. The South African-based De Beers, after all, controls 80 per cent of the world's uncut
        721 words
      • 485 22  -  NIGHTSPOT What's quirky, doesn't have a 100 and plays real bines? The Crazy Elephant Pnb Byj A Surendren LET ME tell you a secret. Don't share it with too many people, though, or you might end up without a seat at the Crazy Elephant Pub. This little
        485 words
      • 558 22  -  CINEMA Dead Man Walking is foil of good intentions but about as subtle as a sledgehammer, with symbolism that does more harm than good By\ Shahiron Sahari DEAD Man Walking, Tim Robbins' second directorial effort after 1992's Bob Roberts, has been talked about in the same breath
        558 words
      • 567 23  -  TELEVISION Carry On QEII chronicled one of the worst public-relations catastrophes ever inflicted npon itself by a non-dysfunctional commercial enterprise By\ Kevin Sullivan THE TRAVAILS of passengers and crew aboard the QEII on its ill-fated trans-Atlan-tic voyage of December 1994 have entered the realms of mythology. "When
        567 words
      • Article, Illustration
        445 23  -  Compiled by Holly Harrison OOMCKKT Violin-Piano Recital Music lovers are in for a treat on Tuesday, when violinist Foo Say Ming and pianist Benjamin Loh perform at the VCH. The recipient of numerous international awards, Foo is a featured soloist with the SSO, while Loh in addition to
        445 words
    • EPICURE
      • 711 24  -  The Greenhouse at the Ritz-Carlton may be a hotel cOffeeshop, but the presentation and quality of its food is definitely a notch higher, am bb checks out some winners in its comprehensive menu JAIME EE HERE'S a tip for you if you want to know where two people
        CHRIS LOH  -  711 words
      • 652 24  -  RESTAURANTS One-and-a-half Indian restaurants opened in the city in the past two months and another is dne soon By\ Harish Mehta THOUGH 102.5 may sound like some postwar acid-rock radio station blasting the good people of Hanoi with its "Goooood Morning, Vietnam" breakfast-over-bombs show,
        652 words
      • 857 24  -  WINE CONNOISSEUR No other wine in Australia comes dose to rivalling the popularity and reputation of this First Growth By] N K Yong PENFOLD'S Grange Hermitage, now simply known as Grange from the 1990 vintage, has long been recognised as Australia's finest red wine, and its only
        857 words
    • Article, Illustration
      1189 25 Am Vaatiinu Wlmb Nature Calls. Funnyman Jim Carrey goes to Africa to find a sacred white bat in Hma to stop a tribal war. Bugis: 1.15; 1.45; 4.15; 9.151 Lido: 11.15; 1.45; 4.15; 6.45; 9.15. Ylshun: 10.55; 1; 2.05; 3.05; 5.10; 6.45; 7.15; 9.20; 12; 1.35 am. Bishan: 10.5*
      1,189 words
    • TRAVEL
      • 1159 26  -  Be ostentatious castles of the Loire Valley continue to fascinate all and sundry even in these egalitarian pones. And visiting them by bicycle only serves to emphasise their grandeur, writes MARK GRAHAM IDEALLY, visitors should ipproach at a gallop, the ihunderous hooves of a team
        PHOTOS BY MARK GRAHAM; BCRUZ  -  1,159 words
      • 535 26  -  TRAVEL BRIEFS Take a journey down Myanmar'gAyeyarwady Kiver and visit the fabled cityofßagan By) Eileen Chan A RIVER cruise with a difference, that's what the "Road to Mandalay" seeks to provide. Starting in February this year, this deluxe cruiser on the Ayeyarwady River in Myanmar opens
        535 words
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  • Page 22 Advertisements
    • 844 22 SERVINGS UNLIMITED! HELP YOURSELF TO yime Qoodies... StK* m mmt d«n»pling (b*k dung), mini dtunpling, popiih. dwp-MH fit* toq imaiif 7—> b—, mrnmrnt mtnad p««fc fc ahsllot cakt. nm( paanot Mmp. twcct icd b«an »oop, baked p«MI paatry, mm W». ang lea koch. hoat katfc rtc... Eajoy a* mack m
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    • 95 22 LIGHT-H EARTED BUFFET ft The ribs are good cheap 99 Ma Kaa Keng ef Ike Sunday lines voted The Sixties Oher**** Talk about... Iff Good Ribs Si *ties has it Cosy Rmbience Sixties has it Inexpensive Fine has it For reservations, please call 226-5830 4tfX N,a, J Sixties: 31 Marina
      95 words

  • Page 23 Advertisements
    • 577 23 Where to wine, dine and entertain j fat* j coffee house W Gong Xi Fa Cai j *Nonva Buffet Lunch with a Chinese delicacies A 12 noon 2.30 pm J Adult:s2l.Bo+++ Child :sl34o++* J I# *Temasek Buffet with Chinese delicacies 6.30 pm 9.30 pm Adult :s22.Bo+++ Child-415.80+++ For reservations caN
      577 words
    • 159 23 Pin IMang BBQ Steamboat BufM Restaurant ToaPayoh: Blk 190 Toa Payoh, Lorong6, #02-514, Singapore ***** a TeL 353 3315/353 4378 (Tot i Payoh Central, dost to bus interchange A MRT Sk*ion,abort KFC) Jurvng: 1 Yuan Chine Road, Singapore *****0. TeL *****28/*****18 (Opposite Tang Dynasty abort Jurong Suprrtx >» Managed by
      159 words


  • Page 25 Miscellaneous
    • 1945 25 TODAY'S TV US Lakukan Sendiri. —i 9 fMwili a** tv innnuoiinno Mt Berita Mutakhir. UJJ 8.03 Topik Semasa. Mike and Maya's surfer HJ« pm Stories of the Chinese M.M Biker Mice frxjni Mara (r). night OUt buddies get them into deep idioms. wfil mm UsopSantorian. trouble. Can the dapper mo
      1,945 words