The Business Times, 16 March 1996

Total Pages: 24
1 24 The Business Times
  • 7 1 THE BUSINESS TIMES MITA (P) 1)46/12/95 SINGAPORE
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  • 63 1 BID 2W7.31 (+37.73) PI BTOOMP U 2M§J8(+26.24) PI BT-MQA U 111X47 (+5.96) STOCK MJlHETDTOICES Frfctay Chan# KLSEOOMP 1119.89 +10.89 NIKKEI *****.85 +267.19 HANO 8ENQ I0557.M._.. +106.83 SET INDEX 1267.06 +106 JAKARTA COUP. 576.79 +6.88 MANILA COUP—.2821.75........+.18.12 TAIPEI WPf 49*41 +84.66 SEOUL COUP 856.48 +12.05 CL8A CHINA B TttM
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  • 68 1 EXCHANGE RATES US$ SJ V9 1.406 1 1528. ±149 ON MN .0.967 y wo. im urn Ml .0*4. 4.564 HKf .0.129 .0.182 BAJfT 0.040 tOU RUPIAH tM .0.041. 0.060 E SINOAPORR* -144 KUALA LUMPUR... JAKARTA 1800 BANGKOK 1475 MANILA.--1450 HOflGKONO *,7? TAIPKI „joe SY8 NRY ,1§.75 Y0._.__ .2.8® in.
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  • 588 1  -  Asian consortium raises stake in lightning deals worth NZs6Bom By Conrad Raj [SINGAPORE] Five of this region's largest companies, led by the Singapore and Malaysian arms of the Hong Leong group, have grabbed a 20 per cent stake in listed New Zealand conglomerate
    Source: Bloomberg; BCRUZ  -  588 words
  • 382 1  -  But SFA dears ex-chairman Peter Baring and his deputy of responsibility From. Nell Behrmann in Ijmdcm THE Securities and Futures Authority (SFA), Britain's top financial market regulator, has commenced disciplinary proceedings against several key Barings pic executives. Officials declined to disclose names, but
    382 words
  • 179 1 Bloomberg Business News Reuter [TAIPEI] Taiwan's hopes for a quick end to tensions with China suffered a setback yesterday as Beijing announced a third round of military exercises to coincide with the island's first direct presidential election on March 23. The announcement reversed
    Bloomberg Business News; Reuter  -  179 words
  • 160 1  -  By: R Sivanithy [SINGAPORE] Regional markets extended their gains yesterday, following reassuring signals overnight from Wall Street and an easing of ChinaTaiwan tensions. The Straits Times Industrials Index finished 37.73 points stronger at 2,367.31, with sentiment getting an additional boost from Cycle and Carriage's results. The
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  • 509 1  -  Move pats heat on SCMP to revise its bid for EE's TVE By I Catherine Ong [SINGAPORE] In what is shaping up to be a clash of corporate titans in Hongkong, Shaw Brothers (Hongkong) yesterday announced a cash offer for TVE (Holdings)
    Source: Bloomberg; BCRUZ  -  509 words
  • Page 1 Advertisements
    • 150 1 UlabwE k Raffles Cooversatwe Eric Benhamou, head of the world's second largest networking company 3Com, tells why he makes it his business to help ordinary folk get on the info superhighway, ELI leg Lwn*< jrwp rriß 2®* *aka I Brtarfcy, this pg. Liftedrmlipmiu in, consortium likely to attract investors' attention.
      150 words
    • 32 1 US sees clanger in war games, Pg 5 Taiwan gold feverfails to spread to Singapore, Pg 10 Nikkei index up as Hashimoto gets tough on jusen plan,Pg6 Regional stock markets, Pg 11-16
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    • 224 1 Deal tarn* tables on NZ's former high flying raider, Pg 9 -v-■ I -> J ,'j, A H? Tung Lok Group -a v J. j ;7;- B fc Chinese cuisine jjjjjjljj^^ I At the 7t<fig Lok Group we've built a reputation for being the place for outstanding Chinese cuisine. From
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    • 31 1 Complete reports in Pg 7 EARNINGS NET ($m) GROWTH OOB $259.3 +18.6% QUE 37.46 +33.8 THE 9.08 NM B<rpr 4.99 -H1.7 Flwlwh 3.60 +17.6 Auric Paotfle 0.80 -67.9 NM: Not meaningful
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  • SINGAPORE AT HOME & ABROAD
    • 529 2  -  DfPftBLMMEMT MPs told of $lb library expansion plan; govt commitment to affordable healthcare By Chuang Peck Ming LOTS of money, from both the government and private sponsors, have been given to promote the arts, Parliament was told yesterday. The government is
      529 words
    • 399 2  -  By, Agnes Wee SOUTH-EAST Asian investors accounted for 66 per cent of the £431 million (Ssl billion) in hotel purchases in London between 1992 and 1995. According to hotel consultants at Knight Frank, half of the South-east Asian investors were from Singapore. A
      399 words
    • 267 2  -  Aug Wan May A GERMAN compressor maker has upgraded its Singapore office, making it a springboard for its investments in Asia totalling US$45 million (Ss64 million) over the next five years. Kaeser Kompressoren GmBH recently bought a 553.5 million office
      267 words
    • 388 2  -  Boating consultants also see Singapore demand for pleasure boats picking up in fntnre By. Agnes Wee ASIAN and Western boat owners seem to look for different things in a craft. But many boat builders persist in designing their boats to cater
      388 words
    • 260 2  -  Byi Genevieve Cua JAPAN'S Denka group of companies yesterday began the groundwork for a $43 million general purpose polystyrene (GPPS) facility on Pulau Seraya. With the investment, Denka Singapore has become Denka Japan's biggest overseas manufacturing base. The group is also investing $15
      260 words
    • 313 2  -  Withdrawal leads to decision to end HP-led joint venture* says Bloomberg By, Jennifer Lien A WAFER fabrication project in Taiwan involving US computer giant Hewlett-Packard, Taiwanese venture capital fund WK Technology and Singapore Technologies Pte Ltd has fallen through. An ST
      313 words
    • 235 2 SONY Precision Engineering Centre (Spec) is investing $72 million over the next five years to establish a components R&D division (SpecCRD) Sony's first precision components R&D facility outside Japan. Spec-CRD will focus on developing key technologies for optical data storage devices.
      235 words
    • NEWSRoundup
      • 79 2 SENIOR Minister Lee Kuan Yew yesterday underwent successful heart surgery with no complications, the Prime Minister*s Office said last night. Mr Lee, who was admitted into Singapore General Hospital at 11.30 am, had his left circumflex artery re-dilated and an intra-coronary stent implanted. The procedure was
        79 words
      • 73 2 [SINGAPORE] Five Thai men convicted of a spate of worksite gang robberies and murdering three foreign workers were hanged at dawn yesterday, a police statement said. All five were members of a gang that committed the crimes between November 1991 and January 1993. They were either
        73 words
      • 44 2 BUSINESS information from the Registrar of Companies and Businesses (RCB) will from today be available on Teleview, Singapore Telecom's on-line information service. The service will allow Teleview users to access RCB services such as its register of company documents.
        44 words
      • 45 2 PRIME Minister Goh Chok Tong, Malaysia's International Trade and Industry Minister Rafldah Aziz and the Philippines' Secretary of Trade and Industry Rizlino Navarro will be among speakers at the World Trade Congress to be held here from April 14-15.
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      • 35 2 THE Minister of Finance, Richard Hu, left for Japan yesterday to attend the third Asia-Pacific Economic Co-operation (Apec) Finance Ministers' Meeting. It will be held in Kyoto this weekend.
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      • 49 2 IN THE article, 'Two sites that could get developers excited", on Feb 27, we said the Singapore Turf Club (STC) along Bukit Timah Road had an area of 58.5 hectares. STC has pointed out that the area is actually 140 hectares. We apologise for the error.
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    • 212 2 TOP bidders clinched the Urban Redevelopment Authority's (URA) residential parcels at Tanjong Rhu Road, Bedok Reservoir Road, Bedok Road/Upper Changi Road, Bedok South Avenue 1, Hillview Avenue, and Commonwealth Avenue West/Faber Heights. The URA, awarded the 114,174 sq ft condominium site
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  • Page 2 Miscellaneous
    • 366 2 CRYPTIC CROSSWORD ACROSS of winds (6) 27 Sort of flat where irregular cial service (5,2,6) YESTERDAY'S SOLUTION tenancies fold? (4-9) 7 offer to listen to Edward i >qigiiismeisitiriainioiei DOWN being emotional (6-7) INCOmaterial(B) 13 Turner originally enter- LraoPECTraAHimtplT 2 Group of ships with little tained vast audiences (3) Florence at
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  • Page 3 Advertisements
    • 387 3 Is your dream holiday home high on a headland or down on a palm-fringed beach-front? 9wPßfi^^flWs i r i i r! NSnßr &?^Hft!r^^^^HiK^Etri!Plß^>^^lC'RCy!9^K«JEMa&H^^^ki r '>K^H^^^V i ij^n^BjvM J|p Your dream investment is only 45 minutes away! Bintan Island is poised to become ail international tourist cSL 1 'Nirwana' means 'perfect
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  • FOCUS: PERSONAL FINANCE&INVESTMENT
    • BULL'SEYE
      • 700 4 Those polled for their views on the Singapore stock market's outlook for the week ahead are: Alliance, ING Barings, Daiwa, Fraser Securities, GK Goh, Deutsche-Morgan, Phillip, SBC Warburg and Merrill Lynch. Gyde A Carriage (Buy) Results were above expectations due to a higher percentage of profit booked
        700 words
      • Article, Illustration
        429 4  -  Ng Lee Lian eteuilive director T*t Lee Aawt Maraynont am HE recent Singapore 1 market slide was X triggered by several factors. First, corporate results from a number of companies like Keppel Corp and DBS Bank were below analysts' expectations. Secondly, rising US bond yields and the
        429 words
    • 645 4  -  Rate of appreciation may not be as great as in recent years but uptrend seen continuing By\ Brian T Lavelle The writer is head of treasury at the Bank of New Zealand's Singapore branch [SINGAPORE] Among the best perform ing Asian Currency Unit (ACU) deposits
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    • 811 4  -  BTB OX THE RBOZOM: INDONESIA By. David Chang The writer is the research director of PT Vickers Ballets Tamara, based in Jakarta. DULL. Now that's a word that could never be applied to the Indonesian stock market. Interesting, maybe. Challenging, definitely.
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    • 503 4 Successful US fond more concerned with firm's cash position Reuter [NEW YORK] Forget earnings growth and price-earnings ratio when picking stocks, says Martin Whitman, portfolio manager of Third Avenue Value Fund. "First and most important, we look for safe and cheap," said Mr Whitman. "The company
      Reuter  -  503 words
    • 1451 4 CITY FLIGHT ETA FLIGHT JTD Ho CM MM) VH741 1310 VN740 MX) MiMNH 0MM 0045 EK072 T7I0 S0I74 1430 AMaMa 0f8l1930 OFK 2050 SOI73 IWO B073 2325 7— Nm«R«I| S0863 0040 UA806 0015 mjml UA805 0105 CX7X) 0040 Arntf*. SO/DL25 0645 GA890 0045 S0001 1140 S0860
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  • FOCUS: CHINA-TAIWAN TENSIONS
    • Article, Illustration
      60 5 [PENGHU, Taiwan] A bank employee counting Taiwanese dollar banknotes in the Penghu branch of the Medium Business Bank of Kaohsiung in this town on Taiwan's Pescadores Islands yesterday. About 100 worried depositors rushed to the bank on rumours about its financial standing. The Pescadores Islands are just 70
      REUTER  -  60 words
    • 313 5  -  WASHINGTON By\ Leon Hadar A SENIOR US official said on Thursday that the Clinton administration could not support a resolution stating that the United States "should assist in defending" Taiwan against Chinese military action, including "invasion, missile attack or blockade". Assistant Secretary of State
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    • 354 5 TAIPEI Fond has bought NTs46.Bb worth of stocks since Feb 23 AFP, Reuter SHARE prices in Taiwan registered a 2.7 per cent gain this week as the government beefed up its efforts to support the bourse in the face of China's intensive
      AFP,; Reuter; SOURCE: BLOOMBERG  -  354 words
    • 212 5 WASHINGTON Reuter CHINA has assured the US it does not intend to attack Taiwan but Washington still believes its military exercises near the island are provocative and dangerous, US officials said on Thursday. "In public and private conversations, the United States has
      Reuter  -  212 words
  • Page 5 Advertisements
    • 91 5 EUROKITCHEN -m 1 §*> 9 IiMI Ml 11 wmmmmM J1 nßHun mm: WNFmBBw k 3 Lrn I The Ultimate Collection Eurokitchen offers kitchen designing at its very finest. The most innovative of ideas are applied to exclusive HHBMBHH quality components from Europe. EUROKITCHEN HOLDINGS PTE LTD Providing state-of-the-art ergonomic THE
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    • 839 5 1 OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce: 1 AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1995 The Bank The Group 1996 1994 1995 1994 Wf) SS'OOO SS'OOO SS'OOO SS'OOO Interest income 1,235,137
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  • REGION/WORLD
    • NOTEBook
      • 72 6 AFP [WASHINGTON] US industrial output rose 1.2 per cent in February, the Federal Reserve said yesterday. The rise represents the biggest monthly jump in industrial output since October 1987. On a year-on-year basis, industrial production in February was up 1.6 per cent. Production at factories, mines
        AFP  -  72 words
      • 50 6 AFP [WASHINGTON] The Republican-controlled Congress avoided an embarrassing third shutdown of the federal government by approving a one-week, temporary spending bill before yesterday's midnight deadline. The House approved the measure on Thursday by a vote 0f238-179, and the Senate passed it by voice vote. —AFP
        AFP  -  50 words
      • 53 6 AFP [SEOUL] South Korean car sales in Europe jumped 92 per cent year-on-year to 17,707 units in February, the Korea Trade-Investment Promotion Agency said yesterday. The February sales brought the number of South Korean cars sold in Europe in the first two months
        AFP  -  53 words
      • 63 6 AFP [HONGKONG] Hongkong in 1995 retained its title as the world's busiest container port, handling more than 12.5 million TEUs (twenty-foot equivalent units) of containers, up 13.4 per cent over 1994, figures showed yesterday. The increase showed "the urgent need for the development of
        AFP  -  63 words
      • 42 6 AFP [GENEVA] The Uijited Nations was to launch an ambitious US$25 billion (Ss3s billion) plan yesterday to wrest Africa from endemic poverty and under-development by raising social and economic conditions over the next decade. AFP
        AFP  -  42 words
    • 545 6  -  TOKYO Cracks appear in opposition Shinshinto; Speaker orders the party to end sit-in ontside budget room Hy- Anthony Rowley TOKYO share prices rose sharply yesterday on signs that Prime Minister Ryutaro Hashimoto's embattled government has decided to get tough over parliamentary
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    • 265 6 NEW YORK Conference Board forecasts real GDP of 2.6% Reuter THE US economy will grow steadily through the rest of 1996, according to the Conference Board's latest economic analysis. The business research group said real gross domestic product (GDP) should average 2.6
      Reuter  -  265 words
    • 281 6 SAN FRANCISCO Washington ready to impose stiff tariffs on some Chinese goods Reuter TREASURY Secretary Robert Rubin warned China on Thursday that Washington was ready to hit it with trade sanctions if Beijing fails to stop the piracy of US compact discs,
      Reuter  -  281 words
    • Article, Illustration
      55 6 [BERLIN] The historic Kaiser Wilhelm ballroom at the construction site of Sony's new European headquarters at Berlin's Potsdamer Platz before workers started moving it to a new location.*A spectacular 75 m-long track glide was created to do the job, which took three hours and cost Sony 50
      REUTER  -  55 words
    • 122 6 WASHINGTON Washington Post IN a victory for the US business community and its proimmigration allies, a Senate panel on Thursday voted to split a controversial immigration reform bill in a move that complicates congressional efforts to cut back on legal immigrants. By a 12
      Washington Post  -  122 words
    • 107 6 Kuching Bernama ATTORNEY-General Mohtar Abdullah has ordered a full investigation into the circulation of poison-pen pamphlets which he said "ridicule, abuse and insult" judges. In his address to 75 judges at the Judges' Conference here, he said that the pamphlets were defamatory and seditious, with
      Bernama  -  107 words
    • 179 6  -  SVAY RIENG PROVINCE, Cambodia By: Harish Mehta CAMBODIA wiU fight Vietnam with military means if peaceful and diplomatic ways to settle their border disputes are exhausted, Cambodia's First Prime Minister Prince Norodom Ranariddh has warned. Prince Ranariddh made these remarks on Thursday in a
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  • Page 6 Advertisements
    • 65 6 Robert Sharon Joe DENIRO STONE PESCI ACADEMY AWARD NOMINATION ■Mk RFST AC SS V WINNER I t'f MST AC f HISS {DRAMA! I JJ f SHARON STONE f u fi i icif h s m piui fi f mmw* !i iraiw[ wiOMiKHiNxmi vm mm ,ttiiii mm •.vrara'-rmmsiiiM i?~- m v:
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    • 44 6 FURNITURE REMOVAL SALE UP TO 70 DISCOUNT We're giving away the shop at our removal sale! A full range of branded European Indoor and Outdoor Furniture, Lighting and Accessories have to be cleared before March 20th 19%. FOR A VIEWING APPOINTMENT, PLEASE CALL 732-94-97
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  • Page 6 Miscellaneous
    • 106 6 DOOHESBUR YBy Gary Trudeau I WSO SURE THE SLEEPOVER f I TECHiZS ANPIUVZINA VM PIPYOUREAUJ *fl U MYCREPtT.I f YOU'RE ft PART OF OUR RELATION- CONPOMTH A SEVEN YEAR OLP JUST SAY'COURT-fW i II INSTANTLY \\SECONP-\ WVER PLACE tS VERY CONpr: rarsn BUT ON PLANET POUNSiZE, RAN-1 \Wf I I
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  • COMPANIES & MARKETS
    • 543 7  -  18.6% increase attributed to record treasury profits and strong net interest income By\ Shiv Taneja [SINGAPORE] Record profits from treasury operations and healthy growth in net interest income helped the Overseas Union Bank group post respectable full-year earnings yesterday even if
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    • 193 7 [SINGAPORE] Paint maker Berger International yesterday reported a near-doubling in group turnover for the year ended Dec 31,1995. But higher operating costs shaved margins, leaving the company with a mere 11.7 per cent rise in group net earnings to $4.99 million. Earnings per
      193 words
    • 681 7  -  By William Chia LISTED pharmaceutical company Darya-Varia Laboratoria is fast becoming the most promising player in Indonesia's rapidly growing healthcare industry. Darya-Varia, which owns 60 per cent of pharmaceutical maker Pradja Pharin (Prafa), is on the verge of acquiring the remaining
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    • 351 7  -  By Lee Han Shih [SINGAPORE] To counter slowing growth in tourist spending, the owner of the venerable Mandarin Hotel is offering to wash dirty linen for the public. Overseas Union Enterprises (OUE), which announced a set of better-than-expected
      351 words
    • 295 7 Covenant on its Dnne&rn site may hit condo profits [SINGAPORE] Analysts who were pleasantly surprised by Yeo Hiap Seng's strong interim six months ago were handed two bombshells yesterday by the soft-drink maker. First, YHS said net earnings for 1995 came to
      295 words
    • 210 7 [SINGAPORE] Electronics group Flextech Holdings yesterday proposed a l-for-2 bonus issue along with its announcement that earnings for the year ended Dec 31 rose 17.6 per cent to $3.6 million. Sesdaq-listed Flextech also recommended a 0.25 cent first and final dividend and a special bonus
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    • 108 7 [SINGAPORE] Auric Pacific has suffered a sharp 67.9 per cent drop in interim group net profit to $874,000 for the half year ended Dec 31,1995. Earnings per share plunged to 0.7 cents from 2,19 cents in 1994 when the company made $2.7 mUlion. Net
      108 words
    • REGIONAL COMPANIES
      • 442 8  -  New S'pore-based subsidiary takes stake in company owning Stevens Drive blocks, houses From, Al Labita in Manila THE Ayala group, the Philippines' largest and most profitable developer, has teamed up with Singapore's Hotel Properties Ltd (HPL) to develop real estate projects in
        442 words
      • 215 8 Solid results helping to boost confidence in local companies [SINGAPORE] A better than expected set of results sent Cycle and Carriage's shares rising by $1 or almost 7 per cent yesterday, and restored some of the confidence in the performance of local
        Source: Bloomberg  -  215 words
      • 217 8  - Asia Pulp Paper eyes US$1.9b project By. La Ning [SINGAPORE] Singaporebased Asia Pulp Paper (APP) is negotiating with Chinese authorities to set up a US$l.9 billion (552.7 billion) paper and pulp project on the southern Chinese island of Hainan. The New York-listed company, which is controlled by Indonesia's Sinar Mas
        217 words
      • 256 8 [SINGAPORE] All available units at Cycle Carriage Ltd's MeraWoods condominium have been booked, even before the project's official launch today. Yesterday's The Straits Times Classifieds already showed one MeraWoods unit being put up for sale by an agent at "developer's
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      • 267 8 [SINGAPORE] Mobile phone operator Mobile One has awarded a contract worth about $400,000 based on its list price for an accounting system software to UK-based firm Coda. The system includes CO-DA-Financial software, training and installation, which is due to begin in February
        CHRIS LOH  -  267 words
      • 52 8 IN OUR article "Ipco completes Phase 2 of Indon power plant project", published on March 13, we said Kuala Lumpur-listed Promet holds a 34 per cent stake in Ipco. This is wrong. Promet in fact holds a 29.6 per cent stake in Ipco. We are sorry for
        52 words
    • INTERNATIONAL COMPANIES
      • 464 9  -  Brierley, which used to take over undervalued firms, is now in a position like those it once targeted FYom David McLoughlin in Auckland ASSET-rich New Zealand investment company Brierley Investments Ltd (BIL), in which a consortium of Singapore, Malaysian and Indonesian investors yesterday
        464 words
      • 354 9 This spells end of 77 years of Dutch aircraft history, says Fokker chief Reuter [AMSTERDAM] Crippled Dutch planemaker Fokker NV said yesterday that it declared bankruptcy at its three units under creditor protection. "This means the end of 77 years of aircraft history in The
        Reuter  -  354 words
      • 251 9 Record profit doe to airline's earnings and property income Bloomberg Business News [HONGKONG] Swire Pacific Ltd said ft earned HK56.45 billion (511.17 billion) in 1995, a 16.1 per cent increase over 1994 and a record profit, as earnings at its Cathay Pacific Airways
        Bloomberg Business News; AFP  -  251 words
      • 176 9 AFP [PARIS] Major French bank Banque Nationale de Paris (BNP) chalked up a net profit after minorities in 1995 of 1.78 billion francs (***** million), up 7.7 per cent from 1.66 billion francs in 1994, the bank announced on Thursday. It said
        AFP  -  176 words
    • FINANCE & COMMODITIES
      • 361 10  -  Gold market in Singapore remains doll, nnfazed by China drills By Siow Li Sen [SINGAPORE] The gold frenzy in Taiwan has not spilled over into Singapore, and so gold dealers here continue to sit on their hands as prices remain flat.
        REUTER  -  361 words
      • 370 10 USS/mark: The US$ fell to a low of 1.4685 on Wednesday before reversing to trade around 1.4745 yesterday morning. The 1.4685 support level is likely to hold in the short-term as a bullish inside day is seen on daily chart, coupled with daily stochastics near
        Source: Bank  -  370 words
      • 255 10 Reuter [JAKARTA) Indonesia's move to allow futures trading in coffee and palm oil will help make the markets more transparent, but its success depends on liquidity and speculator interest, traders said yesterday. Rangkuti, the vice-chair-man of the Federation of Vegetable Oil Associations (Famni),
        Reuter  -  255 words
      • 222 10 SOKEKMeport Reuter [SINGAPORE] Simex Euroyen futures ended the week on a soft note after failing to break above key resistance levels, with hefty gains in Tokyo stocks limiting their upside. The Nikkei cash and futures markets rose on hopes the parliamentary impasse over Japan's 1996/97 budget might
        Reuter  -  222 words
      • 170 10 Reuter T/omk>n THE dollar spent an uneventful European session pinned in aU too familiar ranges. Until confidence returns to the bond market, the dollar will continue to find the upside tough despite its attractive interest rate differentials over the mark. Analysts expect current dollar ranges to prevail until
        Reuter  -  170 words
      • 312 10 ENERGY REPORT Reuter [BELGRADE] Serbia said yesterday it had signed a mstfor oU agreement with China, the biggest since United Nations sanctions were lifted last year. The barter deal, worth US$l billion (551.41 billion), involves Serbia importing crude and oil products in
        Reuter  -  312 words
      • Article, Illustration
        1251 10 DtTERBAMgCPRttEMCT RATES 4 P m,s,ari5 Against S$ Against US$ Attest S$ Afainst US$ ftwwgw Bid Offer BU Offer Cwrencles Bid Offer Bid Offf Fr«ndi franc 27.8648 27.8901 ***** 5.0501 Local dollars to one unit of foreign currency: Hongkong dollar 18.20 18.21 7.7312 7.7317 Australian dollar 1.0879 ***** 0.7731 0.7736 Indonesia
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    • 1829 11 SICOM FUTURES Mar 15 RUMER (Marts CtOMM u It S.300CR)RSS1 CONTRACTS cwtsAe) Close Volume Open Month Hlqh J ow Satt (tonnes) Interest Apr 96 216.00 1175 May 212.00 4525 Jun 96 210.50 2700 Jul/Sep 96 210.50 207.50 209.50 600 ***** Oct/Dtc 96 ***** 208.50 209.00 375 ***** Jan/Mar
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    • 2449 11 LONDON Industrials •Mr IS Pwci A. A. Corp Adr 62 3/4 1/2 AB Ports 299 -81/2 Abbey National 5381/2 -5 1/2 Allied Lyons 4801/2 -17 1/4 Amec 971/2 *11/2 Argyl 3101/2 -5 Asda Group 1031/4 -11/4 BATInd 500 -141/2 BICC 337 uneh 80C Group 911 -14 BR
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    • 1640 11 AFX-Asia H Nikkei 225 +2H7J9 SHARE prices closed broadly higher yesterday, led by gains in futures prices coupled with active trading in leading bank stocks. The Nikkei 225 Average closed 267.19 points up at 20,190.85, off the day's high of 20,247.26. Turnover was 430 million shares worth 345.3 billion
      AFX-Asia  -  1,640 words
    • Article, Illustration
      1693 12 AFX-Asia P Hang Seng +10(183 SHARE prices closed off the day's highs, with trading marked by futures influence and bouts of profit-taking. The Hang Seng Index closed up 105.83 points at 10,557.58 after a high of 10,648.55. Turnover was HK$5.2 billion. Dealers said the market traded sideways for much
      AFX-Asia  -  1,693 words
    • Article, Illustration
      633 12 Reuter n Shanghai B Share Index +0.75 THE Shanghai B Share Index closed solidly up yesterday on a powerful technical rebound after sharp losses early this week amid tension in the Taiwan Strait. The index closed up 0.75 points at 51.05 on a volume of 6.6 million shares worth
      Reuter; Source: Credit Lyonnais Securities (Asia) Ltd  -  633 words
    • 407 12 AFP Q VP Index +84.66 SHARES rallied as investors sensed an impending interest rate cut on the last day of China's missile tests. "Sentiment was bullish. Investors expect the central bank to cut interest rates, and there was also further buying of stocks by the government," said a trader.
      AFP  -  407 words
    • Article, Illustration
      786 12 Bloomberg Business News Composite Intel +&88 STOCKS rose, led by Telkom, which was expected to report its earnings after the market's close. "There are so many foreign buyers for Telkom out there," said a trader. "The price was knocked down quite a bit in the past few weeks, and
      Bloomberg Business News  -  786 words
    • Article, Illustration
      834 12 Bloomberg Business News PI SETT Index ♦SLOB THE market moved ahead yesterday, led by communications issues amid optimism the industry would post strong first-quarter profits. "They should post profits because network installations this quarter have been more extensive than the last quarter, which was affected by flooding," said an
      Bloomberg Business News; BCRUZ  -  834 words
    • 359 12 AFP Puma* +38J2 SHARE prices yesterday continued the previous day's rebound to push the Composite Index up 38.12 points to 2,821.75. Turnover was 9.85 billion shares worth 1.3 billion pesos. PLDT gained 10 pesos to 1,465. Manila Electric Co A and B shares rose one peso each to 154
      AFP  -  359 words
    • 387 12 AFP Composite Index ♦1106 SHARES closed firmer as investors scurried to snap up shares prior to a strongly hinted intervention by a stock market stabilisation fund. The Composite Price Index gained 12.05 points to 856.48. Turnover was 25.3 million shares valued at 426 billion won. Advances beat retreats 614
      AFP  -  387 words
    • 618 12 Reuter HAD Ordinaries *242 STOCKS rose after a stronger futures contract was buoyed by expectations of a strong performance on Wall Street. The All-Ordinaries Index gained 24.2 points to 2,234.8. Turnover was 232.7 million shares valued at A 1573.4 million, with rises beating falls on a ratio of five
      Reuter  -  618 words
    • 292 12 Reuter PI Wellington +4C30 THE New Zealand share market crowned a day of strength yesterday by peaking at the close with the NZSE-40 Capital Index ending the day 44.30 points up, or 2.12 per cent, at 2.134.57. Renter MS COOP! AN2 Banking 7.00 O K) T9t50 A6van*«g<i Hldgs 1.60
      Reuter  -  292 words
    • KUALA LUMPUR STOCK MARKET
      • 7406 13 KUALA LUMPUR Reports Bloomberg Business News Q Composite Index +1&.89 STOCKS rose for a second day running as economic data from the US eased concerns that US interest rates will rise. On Thursday, the US said producer prices fell 0.2 per cent
        Bloomberg Business News; BCRUZ  -  7,406 words
    • WARRANTS&OPTIONS
      • 3509 14  -  WARRANT WATCH By\ R Sivanithy FOR some time now, we have featured in-the-money warrants, highlighting the unique characteristic of such instruments mainly the fact that they have small conversion premiums. Today's feature is on an out-of-the-money warrant that epitomises the opposite, yet is still considered
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    • 2264 14 MALAYSIAN STOCKS Ct Or I99S/M Last Vol Day Last Ouota Dtv Dtv YM Nat M Cap HH* Law Stno Cwnwr Sal* POOP) H4» C— gg> SaWar C*r P/I lag t2S I* a 5000 AISBSOc US an* 5.0 4f 0.2 00 9 130.7 127 70-5 5001 AMOBSOc -0.$ MO
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    • STOCK EXCHANGE OF SINGAPORE
      • 1130 15 tumovu oooo) vaiuc rooo) im» em urn n* a»» T«m J«u»trv« J4.H3 9,016 *3.12* 129,213 17,030 U6.24S amt» sm» Ms ton ston mot Hot»h 70S 238 943 2.273 477 2.751 11,533 10.924 22,457 8&4S0 15,005 77/45* r 1,124 i«4 3.084 3,086 m 2,234 2J34 6.425 6.622 E3J47 11,053 5J18 16.371
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      • 4414 15 0r Or M art 1*99/96 Last Vol 0*V LMt Owott CM* Mv VM Nat Ca» Avq HI# Law StNo Company Sato POOP) High Low Soyar SaMar CVr P/t Smtt Prtco MtUSTItALS 214 165 1256 Acer SOc US178 *13 44 179 173 177 178 119 294.7 496 316* ml
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      • 943 15 fir fir M Wt 1995/96 Lut Vol Day Last Ouott Mv Mv YM Net Cap Av< wmi l— «tw tiim *f roooi hh» l—» utm cv *n Prtca SCSOAQ 322 40 2000 ABRHMgsSc 258 uncti IS 2S9 258 258 261 18.0 6.9 0.4 56.1 114.1 259 280 50 2001
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      • Article, Illustration
        64 16  -  By Paul Leo GOLDEN PLUS Holdings fell four cents to $8.18 yesterday with 689,000 shares traded 42 per cent lower than the lOday average of 1.19 million shares. This indicates that selling pressure is easing. Moreover, daily Relative Strength Index is fast approaching oversold territory and hence downside
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      • 834 16  -  SUMMIT Analysts cite Wall Street's stability, easing of Far East tensions and also strong CCL results By R Sivanithy [SINGAPORE! Continued stability on Wall Street overnight, an easing of China-Taiwan tensions and a positive earnings surprise provided by blue-chip Cycle Carriage yesterday helped
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      • 45 16 We have adjusted the ST Hotel Index to correct a recently-discovered error. The error dates back to April 24,1995. Readers can get the correct index by applying a factor of 0.9828 to the index published from that date. We are sorry for the error.
        45 words
      • ON THE GRAPEVINE
        • 181 16 JUST like Sesdaq, which shone late last year, the Malaysian Second Board has this year proven that it is where the action is. The KLSE Second Board Index yesterday rose to its umpteenth all-time high this year, this time by 6.2 points to 435.19. The index
          181 words
        • 143 16 A FOREIGN securities house notes in a recent publication that Malaysia faces the "clear and present danger" of running into rising inflation and chalking up external debt. But given that Malaysia is probably game to hear another piece of expert advice on how to handle this
          143 words
        • 103 16 THE Asian Herald, a stock market newsletter by Moore Mckenzie, has this advice for investors in its free complimentary issue to invite subscription. It advised investors who are in stocks for profit (is there another reason?) to stick to basics. Buy the best and stay with them,
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        • 100 16 RICHARD CHANG, Visa International country manager for Singapore, Thailand and Indochina, is pretty much used to rough places In the countries he covers. He says sometimes the toilets are the last straw when the decision is a toss-up. He related a visit to a newly-opened bank
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  • Page 7 Advertisements
    • 617 7 11 OVERSEAS UNION TRUST LIMITED 11 I I (Incorporated in the Republic of Singapore) 11 II ANNOUNCEMENT 11 II The Board of Directors of Overseas Union Trust Limited is pleased to announce: I I I AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1995 I I I I COMPANY AND
      617 words

  • Page 8 Advertisements
    • 1482 8 I OVERSEAS UNION ENTERPRISE LIMITED I (Incorporated in The Republic of Singapore) I ANNOUNCEMENT I The Board of Directors of Overseas Union Enterprise Limited is pleased to announce: I AUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 1995 I 1995 WH 1995 ,y I SSOOO SSOOO SS'OOO ssooo I Turnover
      1,482 words

  • Page 9 Advertisements
    • 120 9 OPEL OMEGA j 4 MAKE YOUR MARQUE NOW AND YOU COULD SAVE UP TO $6,000. To find out how you can get your hands on this Opel Omega for a very special price, we suggest you call the number below or drop by the showroom. Hurry, this offer is limited
      120 words
    • 109 9 WEST FOOTSCRAY ENGINEERING WFE Business for sale Offers are invited to purchase as a going concern the business and assets of West Footscray Engineering Pty Limited, ACN 004 183 859 ("WFE"). WFE is a leading manufacturer of engineered, forged and fabricated metal components in Australia. It has large, well established
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  • Page 10 Advertisements
    • 183 10 j The 2nd International Exhibition HjHHIS on Brewing, Beverage Equipment and Technology In Asia f Held in conjunction W with the 24th 108 Convention BREW.DRINK TECH ASIA '96 will provide an excellent platform to assess the technological developments in brewing and beverage technology and its applications. Visitors will gain invaluable
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  • Page 12 Advertisements
    • 327 12 TPIJ I|L ML There's no letting up in the property market in land-scarce Singapore. Although the market pmTnCT^nffllTn^ I|| I y*l f\ p IJfi seems to have soften somewhat, people are still paying record prices and rentals. From HDB Per single coi cm $16.17 apartments to private condominiums, landed residential
      327 words

  • Page 13 Advertisements
    • 44 13 FOR THOSE WHO PLACE QUALITY ABOVE ALL. VOIIR TIME HAS COMB Enhance your image. Promote your business. All in the name of quality. Call us, we'll show you how. Tang Ngai Kin 740 2085 (pg 9301 9320) Serene Checng 740 1609 (pg 9408 0305)
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  • Page 14 Advertisements
    • 206 14 lm rirn 1\ At taUm c t "l u s to boom. Pnvateforeign and domdic investments totalled J6.2 ADVERTISEMENT RATES lIMJ II /Y\ IY\ m mmam billion in 1994. Revenues from tourism stood at $240 million in the first six months of IAA\ 11 AA\ I y\f 11 Tne Sunday
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  • Page 15 Advertisements
    • 71 15 Time Makes The HERMES Sole Agent: DICKSON WATCH JEWELLERY (S) PTE LTD |JL I A wholly owned subsidiary of DICKSON CONCEPTS (INTERNATIONAL) LIMITED I Tjl y DICKSON WATCH THE PROMENADE 300 Orchard Road *01-03 Singapore *****1 Tel: *****00 1 CENTREPOINT -176 Orchard Road #01-05/06 Singapore *****3 Tel: *****22 IS SUNTEC
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    • 38 15 BUY* SELL Classified ads make finding a job an easy chore. No matter what it is, you can always buy it, sell it or find it with the Classified. TOIL FREE 1800-737-1166 [2£j Coll Today For Results Tomorrow.
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  • Page 16 Advertisements
    • 623 16 Singapore Closing Share Prices 15/03/1996 CLOSE PREV LOW HIGH till## °SS US$ US$ US$ \Hifr Jardine Matheson 7.70 7.70 7.65 7.75 Iffmmrn Jardine Strategic 3.30 3.30 3.30 3.32 J Da,r Farm 0.04 0.95 0.04 0.955 Hongkong Land 2.15 2.15 2.15 2.19 Mandarin Oriental 1.25 1.29 1.21 1.32 BfittUUlMaH Jardine Strategic
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  • EXECUTIVE Lifestyle
    • 1175 17  -  Eating out in Kuala Lumpur is turning into a lifestyle statement as Malaysian trendsetters make a beeline for the city's most stylish restaurants. But despite the growing demand for these fashionable joints, setting them up remains a risky undertaking for entrepreneurs.""""" ouhbakhash reports SHEENA GURBAKHASH
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    • STRAWS In The Wind
      • 80 17 WOULD you send your child to this tuition agency? Commuters at a downtown MRT station were handed flyers from "Delication Tuition Agency" which said: "Dear Parents: Are you worry your child school academic? Now, we provide delicated experience responsible undergrad and 'A* level part/full
        80 words
      • 58 17 AN AUSTRALIAN newspaper reported the experience of a visiting American banker and devout Catholic who came out of a confessional shaking his head and looking quite bemused. He later explained to his wife that all he wanted was forgiveness for his sins, but the priest instead asked
        58 words
      • 50 17 ALSO from the same newspaper: it seems like the Sydney Inter-Continen-tal's gamble paid off on election day. Its newly completed A 53,500 a night Australian suite was occupied by none other than Prime Minister-elect John Howard. As its GM said: "We go with the winners." Naturally.
        50 words
      • 35 17 DAVE Letterman on Bob Dole: "Some people see a half-empty glass of water and say it's half-full. Bob Dole sees the same glass and says: 'Hey, that's something to put my teeth in!'"
        35 words
    • VIEWPOINT
      • 1627 18  -  Eric Benhamou, head of the world's second largest networking company 3Com Corporation, is committed to helping ordinary folk get on the Information Superhighway alongside toe large corporations. He tells AWUWTift jaxes why THE RAFFLES Conversation KENNETH JAMES ERIC Benhamou has good reason to be committed to
        ARTHUR LEE  -  1,627 words
      • 855 18 THE Information Superhighway is being built right now, Eric Benhamou says unequivocally. He sees three major trends "all pointing in the right direction" and working together to create this digital infrastructure in cyberspace. The first trend is the deregulating of the telecom industry around
        855 words
      • 675 18 LIKE Singapore, the United States under President Clinton is moving to build a National Information Infrastructure (Nil) that will connect its citizens electronically with each other and with key institutions. 3Com Corporation's Eric Benhamou, who is chairman of a key Nil Task Force, finds the
        675 words
    • DESIGN
      • 1280 19  -  Suntec City, the centrepiece of T&M's 10-year-old portfolio, tends to overshadow the design consultancy's other work, which ranges from candlesticks to office towers, and dinner plates to urban blocks. finds out more about the partners who move so effortlessly between micro and mega projects JAY
        JEN FONG; HANK WARNER, VOGUE SINGAPORE; TIM GRIYFITH; RICHARD BRYANT  -  1,280 words
    • 562 20  -  TELEVISION Both Premiere 12's Homicide and Ch s's Murder One nse crime and punishment as mirrors of society, but reflect very different realities By. Kevin Sullivan Homicide (Sundays, 7pm, Premiere 12) is a magical police drama full of sound and fury and signifiying a great deal. The
      562 words
    • 790 20  -  CINEMA Not Lee Ang&nd Emma Thompson, who have come up with a whole new way of approaching the anthor and period movies in Sense And Sensibility By, Jaime Ee 1 NEVER read Jane Austen. I wish I did, so I could watch Sense And Sensibility
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    • 559 21  -  NIGHTSPOT Bogart's alive and kicking at Clarke Quay, so check it oat if you're in the mood for a night of nostalgia By. A Surendren YES SAM, Bogey's still here, alive and kicking in Singapore. You want to find him? Go down to the waterfront at
      559 words
    • Article, Illustration
      426 21  -  Compiled by Holly Harrison THEATRE Ghost Stories If you missed the first two of Lee Wen's (known as Lao Jiu's puppet master) Hand-Made Tales, you'll be glad to know you can still catch this intense performer in Ghost Stories. He'll be holding a discussion after- wards, so pay
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    • EPICURE
      • 838 22  -  Having an Italian or French meal need not be expensive, as Diego Bincoletto and Bernard Sautereau are proving by taking European cuisine to the food courts, kuvim suluvam samples what's on offer KEVIN SULLIVAN Diego Bincoletto doesn't see why Singapore shouldn't belike Venice, at least
        CHRIS LOH  -  838 words
      • 370 22  -  RESTAURANT The Italian chef from Le Tre V&seile is back at Checkers for a week-long promotion By i Corinne Kerk FOR the third time, Italian chef Giovanni Margheritini from the restaurant Le Tre Vaselle in Torgiano, Umbria, returns to Hilton's Checkers Brasserie for a week-long food
        370 words
      • 892 22  -  WINE CONNOISSEUR That's Chateau Cheval Blanc delightful in its youth, yet capable of great longevity By\ N K Yong IF THERE is one Bordeaux wine that could be said to be universally popular, my money would be on Chateau Cheval Blanc. It possesses great consistency every
        892 words
    • Article, Illustration
      1056 23 Aoe Ventura: When Nature Calls. Nutty Jim Carrey in Africa. Yishun: 10.45; 5.10; 11.40. Tampines: 11.15; 3.15; 5.15. Angel Dust. Japanese new wave thriller. R(A). Golden: 1; 9. Apollo 13. Catch this gripping space drama before the Oscars: it's been nominated in nine categories, including Best Picture. Yishun: 2;
      1,056 words
    • TRAVEL
      • 1108 24  -  The main fascination of Death Valley, California, lies in motoring through the lowest hottest part of America mass graham weathers the ride and surfaces a day later at Yosemite National Park MARK GRAHAM WHAT kind of people choose to live in a desolate, swelteringly
        BCRUZ; PHOTOS BY MARK GRAHAM  -  1,108 words
      • 1168 24  -  DESTINATION No holiday in New Zealand is quite complete without visiting Christchurch, Wellington and Auckland By, Jaime Ee CHRISTCHURCH FOR New Zealand's third largest city, Christchurch looks more like an updated English village. It has old-fashioned stone buildings, parks and lovingly tended gardens;
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  • Page 17 Advertisements
    • 8 17 Raffles Conversation Eric Benhamou of 3Com EL 2
      8 words
    • 30 17 NOT I CJE S For real-time stock information, call Quick Stock on 1900-913-0003 at 30 cents a minute. Stock number are available in the stock pages of BT and ZB.
      30 words
    • 171 17 la the Matter of The Companies Act. Cap. SO And In the Matter of GIANT TIMBER A PLYWOOD PTE LTD (In Voluntary liquidation) FINAL MEETING NOTICE IS HEREBY OIVEN. pursuant to Section 301 of the Companies Act Cap. SO thai the Final GeaeraJ Meeting of Members of the abovenamed Company
      171 words
    • 516 17 Design The Tsao McKown portfolio EL 3 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 KOK SENG REALTY PRIVATE LIMITED MEMBERS' VOLUNTARY LIQUIDATION At an Extraordinary General Meeting of the Company held on the 11 th March 19% the following special resolution was duly passed: "Thai the Company be
      516 words
    • 243 17 In the Matter of The Companies Act, Cap. 50 And GEMS SHOP PTE LTD (M 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 0719 on 13lh day of March 1996. the following Special
      243 words



  • Page 20 Advertisements
    • 621 20 II Budweiser I I I■ i inUIIJ M j 111 "1 where to wine, dine and entertain 5 I wowtcrs LAftGEST SELLING BEER AWI si.ata*** "High Tea" starts at High Noon 1 rjp Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80
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    • 143 20 if! #pp*s **kii BUFFET OF TH E M /s# /w /w /N/ Nr raaarvottons pleas* call 131 6258/9 <JXL> 333 Orcfcrrf RW, *****/ Tt<: 737 44 it Rated Wrk By Mah Kan Keng of The Sunday Times pnunts: /'> wb VOLCANIC RIBS V HONEY RIBS FIRE RIBS S N' S
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  • Page 21 Advertisements
    • 620 21 Where to wine, dine and entertain. UnwinJ witk golden turtles at tke Hubertus Grill this Sunday with a free glass of Gold Sett Champagne, containing real 24 carat gold flakes. Tke perfect compliment to a Sunday Brunch, tkat even King Midas find hard to resist. ANA HOTEL SINGAPORE 16 N*Mim
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    • 18 21 SUNDAY BRUNCH MTW PHOENIX. Adult: $23.00* Child under 12: $14.50* Time: 12noon to 2.30pm 10 PHOENIX COFFEE HOUSE
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  • Page 23 Miscellaneous
    • 2031 23 TODAY'S TV iHoomnmPßD TIUWIMO g jffis"' AMC,ose 10J0 AM TV Innovations: Rev- HHHHHHHHHHHi Interview with 1950s Chicago. Based on olu.ion.ry Home Shop. (U» AMProg Summary Lorraine Hansberry's Ji n Lu (Taiwanese 8-00 < 00d Mornin B Malay a cannibal Pulizer Prize winning opera). ▲SfRPIL* «io croKrnat tonal play, this 1961
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    • 246 23 RADIO Three Days In Jerusalem, like his looks —a reason not BBC, fcnday, 7.30am designed to save her from Second of a three-part profile spending a great number of of Jerusalem. The Heavenly years behind bars. Beth City hears how for Christians, Henley's funny Pulitzer Jerusalem is the place of
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