The Business Times, 3 August 1996

Microfilm: NL20625
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, AUGUST 3-4,1996 85c
    14 words
  • Article
    MARKET SUMMARY
    33 1 Plain Uaaui(+l6.BB) D s£ff+lB.o9) OKS™ E Frid®v KLSECOMP 1096.17 +8J0 lara HM9.41 +44.48 IANGS8NG 19MI.97—+***** 8ET INDEX 11*183 +6.23 utAKtAame mum +it« MANILA 00MP J1KJ2 +4168 ffUfB Wfc—:—flflJI.—+S4.02 WXJLCOMP -Jttm 1M
    33 words
  • Article
    FINANCE
    40 1 m s» U» 1.415 I. 1-543 AW apa^.., ,—-juat sjm OJNL 1.84 ■j. 0.401 J.W7 Sr.. ZJw, §.«m nan ins SINGAPORE* i 6.44 HJAULOMPIffl &1& :1&« TAIPH ,8.0ft STOCY li.75 TOKYO IM SBDCL—: VIM wyqr— _.4i» (Source: NatWest Bank)
    40 words
  • Article, Illustration
    Lock icon Camerlin to sell Brierley stake in surprise move
    642 1  -  Ssleof 20%sUketo Malaysian firm Malex Industries could fetch aboat NZs76Bm By. R Sivanithy [SINGAPORE] In a puzzling move, the three listed partners in the Camerlin consortium announced yesterday that they are selling out of New Zealand's Brierley Investments Ltd just four months
    Source: Bloomberg  -  642 words
  • Article
    Lock icon US jobless rate in line with market expectations
    397 1 July unemployment rate edged op to 5.4% from Jane's &3% Bloomberg Business News Reuter [WASHINGTON] The US unemployment rate edged up slightly in July, the Labour Department said yesterday, although the American job machine continued to stamp out large numbers of new
    Bloomberg Business News; Reuter  -  397 words
  • Article, Illustration
    Cool $12m-$14m profit from ice-cream for HPL?
    339 1  -  S-E Asians consume $60m-s7om worth of Haagen-Dazs ice-cream a year By, Ang Wan May [SINGAPORE] Haagen-Dazs franchisee Hotel Properties Ltd (HPL) has had South-east Asians slurping down some $60-$7O million worth of the ice-cream a year. Singaporeans alone lick clean about $20 million
    339 words
  • Article
    Crosby holding urgent talks to halt resignations
    507 1  -  Seme 12-15 managers believed to have quit over lew capital base and boras issues By Shiv Taneja, Siow Li Sen [SINGAPORE] An emergency board meeting of the Crosby Group will be held here today to address management problems that have led to resignations
    507 words
  • Article
    Lock icon M'sian firm to take over penmaker Pelikan in Oct
    148 1 AFP [HANNOVER, Germany] Pelikan which makes pens and paints will be taken over by a Malaysian firm in autumn, a company spokesman announced yesterday. Horst Burghard said Ger-man-Swiss distribution group Metro, Pelikan's majority shareholder via Pelikan Holding AG, of which it
    AFP  -  148 words
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      Page 1 Advertisements Column 1
      103 1 DfSEDE I L/ w I pocket riwmfc Mat this, S jpda lot more from Yeo pg 7. ttbiy investors are Iwjrt |pd,speculatora are lying low, so there should be little excitement in the Singapore stock market nr some time to come. {■Ijlii I—l, pg&With this and plans to float Malaysian
      103 words
    • Advertisement
      Page 1 Advertisements Column 2
      81 1 m EXHIBITION. Hermes, storyteller V -.'jHK w WPA u K-i-AMB 'jmf Let "Toucans" and more spin wondrous tales to delight your senses. From Friday, 2nd to Wednesday, 7th August. From 10:00 am to 9:00 pm, except Wednesday, until 5:00 pm. RAFFLES HOTEL, EAST INDIA ROOMS, 1 BEACH ROAD, SINGAPORE *****3.
      81 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Ling concedes on cost subsidies in healthcare
      362 2  -  In latest change in stand, he says SDP did'very simple calculations' Reports by Chuang Peck Ming CONTRADICTING his party's stand yet again, Singapore Democratic Party chairman Ling How Doong yesterday conceded that there are not only substantial "market subsidies" in government healthcare services,
      362 words
    • Article
      Ghee claims "typo error' on subsidies
      289 2 SINGAPORE Democratic Party leader Chee Soon Juan will be summoned to appear before the Select Committee on Healthcare Subsidy at its next hearing to answer for what he called a "typographical error" in the party's presentation to the committee three weeks ago. The SDP
      289 words
    • Article
      China's new 5-year plan set to benefit S'pore investors
      304 2  -  Same rales to apply to both foreign and domestic investors By Lu Ning CHINA'S planned opening of its domestic markets and service sectors in the ninth FiveYear Plan (FYP) (1996-2000) is promising for Singapore investors, a senior Chinese economist said yesterday.
      304 words
    • Article
      Two new property firms may list here within next 5 years
      458 2  -  Reportsby» Jenny Lam THE Singapore stock market may see the listing of two new property companies developer Lend Lease Asia Holdings (LLAH) and property investment firm Asia Pacific Investment Company (Apic) within the next five years. Both are controlled
      458 words
    • Article, Illustration
      Lock icon Suntec City group GM leaves post
      187 2 DR CHUA YONG HAI, who played a key role in turning the Suntec City vision into reality, has relinquished his duties as group general manager of Suntec City Development (SCD) while former chief executive officer of DBS Land Property Services, Wong Ah Long, Joined
      FILE PHOTO  -  187 words
    • Article
      Robertson Quay site up for tender
      191 2 [SINGAPORE] A large freehold site in the Robertson Quay area is to be put up for sale by tender on Monday. Under the Singapore River Development Guide Plan, the successful bidder can develop a 10-storey hotel or a commercial cum residential project with a
      191 words
    • Article, Illustration
      Lock icon Visiting pubs pays off for winner
      345 2 THE top prize winner of July's Business Times Lifestyle Ex-clusive-Heineken contest was hooked after he read the clues. Philip Chan Kam Loon, a 37-year-old investment banker with Suez Asia Holdings Pte Ltd, said: "I don't normally go for gimmicky contests. But this one was
      JENNY KOH  -  345 words
    • Article, Illustration
      Health spending to jump five times to $14.3b by 2030, says study
      598 2  -  Agaiag ptpalatim key factor for increased spending 0y Anna Teo NATIONAL health spending is expected to jump some five times to $14.3 billion, or 7.3 per cent of gross domestic product (GDP), by 2030, according to projections by
      598 words
    • NEWSRoundup
      • Article
        Malay languages Page/Talk launched
        108 2 SINGAPORE Telecom Page Link launched Its Malay language Page Talk service yesterday, its third such service after Its English and Mandarin Papfflrifcasrvicaa. His Singapore Malay Cluuabers of Commerce and Industry has tied up with PafsLink taoflfer an Introductory package for the new ssmce to its members,
        108 words
      • Article
        Prof Schelling is Distinguishesd Visitor
        67 2 THE well-known political economist. Professor Thomas C Schelling, wiU be the Lee Kuan Yew Distinguished Visitor from Aug 8 to Aug 28. Prof Schelling Is also a military strategy consultant to the US State Department and the Pentagon, and the Arms Control and Disarmament Agency.
        67 words
      • Article
        URA industrial site bids awarded
        92 2 LOCAL builders Sin Soon Lse Realty and Sim Lian Construction have been awarded the sqmURA fa industrial site at the junction of Kakl Bukit Avenue l and Kaki Bukit Road 4. Their top bid of $110J8 million works out to $731.96 per sq mof gross
        92 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      219 2 CRYPTIC CROSSWORD cargo spaces are open (2A6) ilB" 14 Holiday spot whore guys are responsible for hold-ups (8) 14 I one suffering from short-sigh-tedness(6) 17 Make another impression in money? (7-6) ZjiiLjliLZjlL_j||lLZ||^L_)llll^Z^l^— 24 Then I cut a new design of un- 24 I 251 leave another Alpine coun--26 Deny misuse
      219 words
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  • FOCUS: PERSONAL FINANCE&INVESTMENT
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index
        711 3 Those polled for their views on next week's Singapore stock market outlook are: Alliance, Ing Baring, Daiwa Securities, GK Goh, Deutsche Morgan Grenfell, Phillip Securities, Credit Lyonnais and Merrill Lynch. Tfekral Om potation ♦(Buy)—Merrill Lynch, July 26, US$O.72 Thakral Corp is the largest distributor of VCRs and
        711 words
      • Article, Illustration
        In My Opinion
        414 3  -  Linda Kwok BXW Ptdflc Uuloo 4nn HE DBS 50 Index reI mains flat in the secJ. ond quarter of the year, accompanied by low trading volumes. The excellent performance early this year was not repeated and almost all those gains have been wiped out. Following the May
        414 words
    • Article, Illustration
      Lock icon Clues lie in annual reports
      661 3  -  Many an Amcol investor could have saved himself some misfortune by picking through its last annual report By\ Paul Leo rSINGAPOREI STUDYING an annual report may seem mundane and tedious, but it could have saved many Amcol investors from their present fate. Some patience, a
      ALLAN  -  661 words
    • Article, Illustration
      Lock icon More bumpy rides ahead for the Indon bourse
      807 3  -  BYB OH THE REGION: JAKARTA Political situation and fears of US rates hike keep market volatile By David Chang The writer is the director of research at PT Vickers Ballas Tamara, Indonesia THE Indonesian stock market is like a roller coaster. Those
      AFP  -  807 words
    • Article, Illustration
      Lock icon STII seen breaking 2,083 over next two weeks
      520 3  -  By[ Simon Koh The writer is an analyst with Deutsche Morgan Grertfell [SINGAPORE] On May 22, when the Straits Times Industrials Index stood at 2,310, Deutsche Morgan Grenfell forecasted in a technical commentary that the benchmark would trade down to between 2,150-2,100.
      Source:  -  520 words
    • Article
      Lock icon Kiwi seen pulling back from: slump
      332 3 Kiwi seen pulling back from slump Reuter [NEW YORK] The New Zealand dollar could recover from its current pull-back if sky-high yields on kiwi paper prove irresistible to investors, US experts said. r.. The Reserve Bank of Australia cut interest rates oftWednesday a move that triggered a sharp sell-off in
      Reuter  -  332 words
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  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      683 4 Hmt *r* —1 AnM >prtw J»lhrl MmJM AIM J02 lotpm 02.08/2300 M IMh 7/M J02 lllllim 02.08/0400 M.<CIM2M i/H JM III I pill 02.08/1400 mijmi owe* jm aupin oicxAuo ■Mm 9/* JM pin 03-0a*M0 FMr 23tM JM HiipHi 010MHK H m mm m< MM MMiMM CJM KN MH9IH
      683 words
    • Article
      CONTAINER SCHEDULES
      1369 4 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Illfcli|/>llni Ritfe SI# Vy EtWHr NrtM FW Tt Fr— taOw «U (V9700 1* OZ/M IMW (VMM 3 flWW OViW HMO 4 OVBM OVMM taMr MO MUM M OZ/BM OZ/Mf Hi I* OVM DWN MM I WW OVM (VMM ovboo ovm
      1,369 words
  • REGION
    • Article
      Lock icon Plans for mandatory company allocation for R&D
      215 4 KUALA LUMPUR AFP MALAYSIA said yesterday it was considering legislation to force companies to allocate a certain percentage of their profits for research and development (R&D). Science, Technology and Environment Minister Law Hieng Ding said the move was aimed at increasing private sector
      AFP  -  215 words
    • Article
      21b baht fund to prop up market
      423 4  -  BANGKOK By] Loh Hui Yin A 21-BILLION baht (Ssl.2 billion) fUnd will begin to buy equities early next week to shore up the languishing Thai stock market. The support fUnd, announced yesterday by the SO main brokers of the stock exchange, was one
      423 words
    • Article
      Lock icon Suharto nod for A-G to quiz Megawati
      231 4 JAKARTA AFP Reuter PRESIDENT Suharto has approved a request by the Indonesian attorney-general to question opposition leader Megawati Sukarnoputri following a split in her party which sparked mass riots, reports said here yesterday. Attorney-general Singgih was quoted by the daily Republika as saying
      AFP; Reuter  -  231 words
    • Article, Illustration
      Lock icon Have no fear, the cart is here
      64 4 [MANILA] Enterprising bystanders cashing in on the capital's floods caused by monsoon rains andpoor sewerage system by ferrying stranded commuters on makeshift carts at a busy intersection yesterday. Each passenger pays about seven US cents (Sso.lo)for a ride from one block to the
      AFP  -  64 words
    • Article
      Lock icon Electronics slump hasn't affected M'sia: Rafidah
      390 4 KUALA LUMPUR Future still bright; global slowdown a cyclical development, she says AFP A SENIOR Malaysian minister yesterday dismissed fears that Malaysia could be badly hit by the global electronics slump and said there were several areas In the sector still showing encouraging performance.
      AFP  -  390 words
    • Article
      Study aims at bigger role in Asian money markets
      444 5  -  TOK v O Tlw research project may also lead to the formation of a yen bloc in the region By, Anthony Rowley A NEWLY-FORMED Japanese institute is about to launch a research project that promises to strengthen Japan's involvement in the
      444 words
    • Article
      Lock icon China may win permanent MFN status, says Christopher
      352 5 WASHINGTON China most first join WTO on commercially acceptable terms Reuter CHINA would very likely be granted favourable US trade benefits on a permanent basis if it Joins the World Trade Organisation on commercially acceptable terms, US Secretory of State Warren Christo-
      Reuter  -  352 words
    • Article
      Lock icon Rao ordered to answer charges
      284 5 NEW DELHI AFP A MAGISTRATE yesterday ordered former Indian prime minister P V Narasimha Rao to appear in his court here on Aug 17 to answer charges in a fraud case. Chief metropolitan magistrate Prem Kumar, who has named the former premier a co-accused in
      AFP  -  284 words
    • Article, Illustration
      Lock icon Typhoon kills 19, causes losses of over NT$8b
      242 5 TAIPEI Reuter TYPHOON Herb, one of the most damaging storms to hit Taiwan in recent years, killed 19 people and left 39 missing as it roared across the island, officials said yesterday. President Lee Teng-hui visited areas of Taipei worst hit by
      Reuter; REUTER  -  242 words
    • Article
      Lock icon Japanese food industry reels from food poisoning
      299 5 TOKYO AFP JAPAN'S worst post-war outbreak of food poisoning has begun to dent the local economy, with sales at sushi bars and food shops plunging amid growing fears of infection, a business group said. The Chamber of Commerce and Industry in Sakai, near
      AFP  -  299 words
    • Article, Illustration
      Lock icon By-products of race for wealth
      62 5 [SHANGHAI] Rubbish fills an inlet of Suzhou Creek in Shanghai yesterday. Shanghai's economy has been expanding at around 14 per cent a year for the past five years, and as has been seen in other parts of the world, people racing to reach a basic
      REUTER  -  62 words
    • Article
      Lock icon Govt OKs Warner's cinema chain plan
      223 5 NEW DELHI AFP THE Indian government hat approved a proposal by Warner Brothers of the United States to set up a chain of cinema halls in India, officials said yesterday. The Warner Brothers project was among 44 foreign investment proposals cleared by the industry
      AFP  -  223 words
    • Article
      Lock icon Bankruptcies double in 1st half of year
      360 5 BEIJING Tital of 1,192 firms went bankrupt, op from 811 last year Reuter A 100 per cent rise in bankruptcies in China in the first half of the year reflected the problems of ailing state Arms and an ideological loosening among Communist planners,
      Reuter  -  360 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      44 5 Untitled oil on canvas 1964 After Thirty-Five Years In New York an exhibition of oil paintings (1961-1996) by New York based artist Wong Keen August 4th -11th 10am 9pm daily Takashimaya Galtery Level 4 Takashimaya Department store Shenn's Fine Aft tel: *****33 fax: *****38
      44 words
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  • THE WORLD
    • Article
      Lock icon US, Japan reach deal regarding computer chip trade
      490 6 VANCOUVER Industry to play a key role in collecting data on Japan's USs44b chip marked Reuter AFTER days of marathon negotiations, the US and Japan reached a deal on computer chip trade yesterday that allowed both sides to declare a political victory.
      Reuter  -  490 words
    • Article, Illustration
      Lock icon Dole to unveil economic policy
      361 6 WASHINGTON Plan to cnt taxes will be announced on Monday Reuter REPUBLICAN presidential challenger Bob Dole is planning to unveil his muchawaited economic package to cut taxes and balance the federal budget on Monday, sources close to Mr Dole said on Thursday. Sources said the
      Reuter  -  361 words
    • Article
      Lock icon June output shows fourth monthly rise in a row
      593 6 BONN Economists welcome data as fears of waning Industrial confidence recede Reuter GERMAN industrial output rose by 0.6 per cent in June, the economics ministry said yesterday, the fourth monthly rise in a row and a better figure than financial markets
      Reuter  -  593 words
    • Article
      Lock icon Aideed dies from clan fight wounds
      268 6 MOGADISHU Reuter SOMALI faction leader Mohamed Far ah Aideed, whose rag tag militia humbled the US army, has died from wounds after clan fighting, aides said yesterday. Mr Aideed led his fighters against the might of the United States In 1993, driving a UN
      Reuter  -  268 words
    • Article
      Lock icon Yeltsin needs 2 months' rest, says top aide
      466 6 MOSCOW 16-year-old president recuperating from election exertion* Reuter RUSSIAN President Boris Yeltsin is worn out after his election victory and needs two months of peace and quiet to recover, a top Kremlin aide was quoted as saying yesterday. In an interview with
      Reuter  -  466 words
    • Article, Illustration
      Lock icon Russia's shuttle traders
      73 6 [MOSCOW] A monument to Vladimir Lenin, the founder of the Soviet state, overlooks a huge market of Russian "shuttle traders next to the Luzhniki stadium in Moscow. Thousands of traders who constantly travel in and out of the country and account for 15 per cent of imports
      REUTER  -  73 words
    • Article
      Lock icon Bonn given deadline on VW subsidies
      242 6 BRUSSELS Reuter THE European Commission has given Germany until Aug 10 to respect its decision to ban part of the subsidies promised to Volkswagen by the state of Saxony, a senior Commission official said yesterday. The official repeated the Commission's determination not to go
      Reuter  -  242 words
    • Article
      Lock icon US fails to convince China to end nuclear lies with Iran
      251 6 WASHINGTON AFP THE United States has made little progress in convincing China to not provide Iran with nuclear technology or materials, Secretary of State Warren Christopher said on Thursday. In testimony to the Senate Foreign Relations Committee, Mr Christopher
      AFP  -  251 words
    • WORLDWatch
      • Article
        Lock icon Britain set to increase cattle slaughter
        83 6 AFP [LONDON] Britain yesterday appeared set to broadHi its cattle slaughter programme because of new evidence that "mad cow" disease can pass from cow to call Agriculture Minister Douglas Hogg conceded on Thursday that Britain would "need to take stock of the practical implications"
        AFP  -  83 words
      • Article
        Lock icon Turkey telecom sale to fetch US$10b
        59 6 AFP (ANKARA] The Turkish government expects to raiae 1% US$lO billion (5114.1 billion) to US$3O billion from ths privatisation of 40 per cent of the state telecom company which parliament approved yesterday. Critics say the sal* proceeds win flow into pay increases and into
        AFP  -  59 words
      • Article
        Lock icon Support for london exchange r
        66 6 R [LONDON] Britain's major stockbrokers and financial institutions yesterday gave a fewttous welcome to plans tor a radical overhaul ofthe way London stock market operates. Fasdback from consultations with the market showed wide support for London Btock Exchange plans to introduces new order-driven system of
        R  -  66 words
      • Article
        Lock icon World Bank profits for poverty
        67 6 AFP [WASHINOTON] The World Bank announced profits on Thursday of US$l,lB7 billion (BHJ7 WBton) In Ma latest fiscal yeer and said U8I&00 million from that may go to debt reUeffor the world's poorest countries. The sum of "US$5OO million is being earmarkad for a trust
        AFP  -  67 words
      • Article
        Lock icon English becomes official US language
        56 6 NYT [WASHINOTON] After nearly six hour* of emotional debate, the House on Thursday approved a bill thai would make English the official languafs of the United States. The vote was 259-168, with 223 Republicans and 86 Democrats favouring the bill, and eight Republicans, 100 Democrats
        NYT  -  56 words
  • Page 6 Miscellaneous
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  • COMPANIES & MARKETS
    • Article, Illustration
      Amcol trades under probe
      543 7  -  High uihimAa >wH high prices set in the past 15 months may have been artificial By] Lee Han Shih [SINGAPORE] A group of dealers and their clients are being investigated for churning Amcol Holdings shares and creating a false market in them. Sources said dealers in
      543 words
    • Article
      Eu Yan Sang makes offer for shares of HK namesake
      287 7  -  Chinese medicine maker offering HKSL2S per share By Ven Sreenivasan [SINGAPORE] Singaporebased Bu Yan Sang International Holdings, together with a venture capital fund, has made a general offer for all shares in Hongkong-listed Eu Yan Sang (Hongkong) Ltd that it
      287 words
    • Article
      STSE 1st-half profit up by only 8%
      258 7  -  By\ Rahita Elias [SINGAPORE] Singapore Technologies Shipbuilding Engineering (STSE) improved its net profit by just 8.2 per cent in its latest interim period despite a big jump in turnover which underscored the razor-thin margins still plaguing the industry. Fen* the six months ended
      258 words
    • Article
      Exciting possibilities with Gopeng's restructuring
      578 7  -  HOCK LOCK SIEW Ruth Wong GOPENG Bhd, a construction, property and manufacturing firm, has never quite kicked up a storm in the Malaysian stock market With neither strong earnings nor large exciting projects in hand, the stockbroking community found little reason to track the stock.
      578 words
    • Article, Illustration
      Lock icon Singmarine shares fall 6% after news of dismal 1st half
      234 7 [SINGAPORE] Singmarine Industry's share price fell 6 per cent to $1.99 yesterday in response to a disappointing set of half-time results. Analysts polled by The Estimate Directory had expected Singmarine's net profit to rise 10 pa- cent to $29.3 million
      Source:; ALLAN  -  234 words
    • Article, Illustration
      Lock icon UOB interim net earnings rise 13% to $352.7m
      503 7  -  Growth in group non-interest income better than expected By\ Shiv Taneja [SINGAPORE] United Overseas Bank turned in a respectable set of results yesterday, with a 13.1 per cent increase in group net earnings to $352.7 million for the half year ended June
      ALLAN  -  503 words
    • REGIONAL COMPANIES
      • Article
        Dairy Farm MD to quit post on Sep 1
        143 8 [SINGAPORE] The Dairy Farm group announced yesterday that its managing director and group chief executive Graeme Seabrook is stepping down from both positions on Sep 1. The company said Mr Seabrook was leaving the company for "personal reasons to return to
        143 words
      • Article
        NatSteel subsidiary forms two Indon JVs
        132 8 [SINGAPORE] Nat Steel's wholly owned subsidiary, Eastern Industries, has set up two joint ventures in Indonesia. One, PT Sindo Batu Bata Industri, will manufacture bricks on Batam. Eastern Industries has a 40 per cent stake and will inject US$l.O6 million (Ssl.s million) into it
        132 words
      • Article
        UE roots out two dormant units in revamp
        162 8 [SINGAPORE] United Engineers (UE) has decided to liquidate and de-register two dormant subsidiaries. Maynard And Company Ltd (MCL), a 97 per centowned subsidiary, is in members'. voluntary liquidation. Tan Cher Iliang and Yvonne Choo of Lim Associates Pte Ltd have been appointed
        162 words
      • Article
        Lock icon HK's Lai Sun-led group acquires New York hotel
        284 8 Syndicate to pay USsl9om for 370-room Fonr Seasons Hotel Bloomberg Business News AFP [HONGKONG] Hongkong's Lai Sun Development Co Ltd said yesterday it had led a syndicate of Hongkong and Singapore companies to acquire the 370-room Four Seasons Hotel in New York
        Bloomberg Business News; AFP  -  284 words
      • Article
        CityCab enters 3rd joint venture in China
        238 8 [SINGAPORE] City Cab Pte Ltd, a member of the Singapore Bus Service group of companies, has entered into its third taxi joint venture in China. It has signed an agreement to become a major partner in a U552.65 million (553.7 million) joint venture
        238 words
      • Article, Illustration
        Genting Bhd interim net profit dips 1%
        417 8  -  Result confirms persistent talk of weak earnings; no reason gtan for drop From, Ruth Wong in Kuala Lumpur FEARS of poorer earnings for gaming-based Genting Bhd were confirmed yesterday when the group announced a one per cent drop in net profit to M
        417 words
      • Article
        Lock icon Idris Hydraulic acquisitions pave entry to Mekong Basin
        217 8 Bernama [KUALA LUMPUR] Idris Hydraulic (Malaysia) Bhd yesterday announced that it recently made acquisitions which are expected to give it ready entry into the emerging economies of the Mekong Basin. On July 4, it acquired the entire paid-up share capital of 100
        Bernama  -  217 words
      • Article
        Thai construction firm raises US$47m facility in Singapore
        305 8 [SINGAPORE] Nawarat Patanakarn pic, one of Thailand's leading construction and civil engineering companies, has raised US$47 million (Ss6s million) through a threeyear syndicated loan. The funds will be used to refinance existing borrowings, general working capital requirements for its projects, including the
        305 words
      • COMPANYBriefs
        • Article
          Vickers not taking stake in M'sian firm
          107 8 (SINGAPORE] Listed stockbroking company Vickers Balias has decided not to go through with the purchase of a 90 per cent stake in Seremban Securities Send Irian Bhd, ft said in a statement released yesterday. Vickers first bought the stake In the Malaysian broking
          107 words
        • Article
          C&C awarded ISO 9002
          54 8 [SINGAPORE] Cycle Carriage, the distributor of Mercedes Bens, Mitsubishi and Proton, has been awarded the *****02 Certificate. The award, in recognition of CAC's service quality, will be presented to the company's director of operations Cheah KimTeck, by chairman of Certification International Jim Tymer at CAC's dinner
          54 words
        • Article
          HK Land repurchases 11.9m of its shares
          62 8 {SINGAPORE] Hongkong Land repurchased some 11.99 million of its shares from the open market last month, reducing the outstanding free float of HK Land shares as at July 31 t02.696 billion units, from 2.708 billion on July l. HK Land is arranging for
          62 words
        • Article
          Superior Metal director quits board
          25 8 (SINGAPORE] Director of Superior Metal Printing And its subsidiary Inoue-Nissei Engineering Lee Khee Hwa resigned with effect from July 23.
          25 words
        • Article
          Melban unit to lease industrial site
          60 8 (SINGAPORE] Meiban Plastic's wholly-owned subsidiary, Meiban Investment, will be leasing a piece of industrial land next to its proposed new factory and warehouse at Kampong UM Industrial Estate. Hie company plans to bulMs factory on the 6,296 sqm site. The lease is for 30
          60 words
        • Article
          Lock icon Tien Wah Press puts on M$5.50 premium
          58 8 Bernama [KUALA LUMPUR} Tien Wah Press Holdings (TWP Holdings) ended its first trading day on the Kuala Lumpur Stock Exchange Second Board at M 17.40, or a MfefiO premium over its offer price ofMsl.9o. The counter reached a high of M57.«6 and a
          Bernama  -  58 words
        • Article
          Lock icon Pacific Bank posts record profit again
          85 8 Bernama [KUALA LUMPUR] Pacific Bank Bhd yesterday reported another record pre-tax profit of MIS6J million (SfS2 million) for the first half ended June 30, oompared with M 184.48 millkm previously. Gross operating revenue doubled to MS2BI million, the bank said in a statement Thi-"•
          Bernama  -  85 words
      • Article
        Singatronics aborts Eastgate deal
        144 8 [SINGAPORE] Mainboardlisted Singatronics' sale of a 29.5 per cent stake in Eastgate Technology Pte Ltd to Eastgate Investment Pte Ltd has been called off. Eastgate Investment had planned to buy 3.84 million ordinary shares of $1 per share par value for $9.9 million. Goh Hun Keng,
        144 words
      • Article
        Joint bid for Philippines project by power producers?
        217 8 [SINGAPORE] Malaysia's five independent power producers are considering plans to form a joint venture to bid for a 1,200 megawatt power project in the Philippines, said Powertek managing director Lim Ewe Jin yesterday. Mr Lim, who was in Singapore to promote Powertek's
        217 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon Barneys, Isetan extend settlement through Mar 31
        291 9 Bloomberg Business News [NEW YORK] Barneys Inc agreed to extend a settlement with Isetan of America through March 31,1997, which gives the companies breathing room to try to work out their differences without a court battle. Closely held Barneys and Isetan have been
        Bloomberg Business News  -  291 words
      • COMPANYBriefs
        • Article
          Lock icon Asahi Breweries interim profit up 20%
          61 9 AFP 4*ETOKYO} Strong demand for its flagship brand beer helped .japan's Asahi Breweries poet a 20 per cent year-on-year in interim parent pre-tax profit to 12.53 billion yen £$163 million) in the six months to June. The Japanese Jper maker said revenue rose 15£
          AFP  -  61 words
        • Article, Illustration
          Lock icon A star for Paramount's studion head
          47 9 Reuter IpOLLYWOOD] Actress Sharon Stoned and Sherry Lansing, chairman of Paramount Pictures' Motion JNctures Group, pointing to Ms Lansing's new star on the ."Walk of Fame" on July 31. Ms i-*»nafrng became the first woman studio head to receive a star.—Reuter
          Reuter  -  47 words
        • Article
          Lock icon Japanese buy stake in China copper firm
          72 9 AFP frOKYO] Three Japanese companies said yesterday they would purchase a 30 per cent stake in China's Changzhou Jlnyuan Copper Co Ltd. Japan Energy Corp subsidiary trokko Mining Metals will take a 15 per cent stake, trading house Mitsui a 12 per cent
          AFP  -  72 words
        • Article
          Lock icon Sydney casino secures new finance
          93 9 Bloomberg Business News RftDNEY] Sydney Harbour Casino Ltd said it has secured Anew financing package that will let it open its permanent 1 ate sfat months early. "We now have secured an attractive flnancing package, subject to the fUQ completion of documentation, from our banking
          Bloomberg Business News  -  93 words
        • Article
          Lock icon Freeze on company officials' shares
          71 9 AFX-Asia OHANGHAI] The Shanghai stock exchange has adopted dew measures to freeze company shares owned by members of the board of directors, supervisory committees and senior executives, the Shanghai Securities News I feported.lt said the measures came into effect from this fconth and was made
          AFX-Asia  -  71 words
      • Article, Illustration
        Lock icon Boeing in US$3b deal to buy Rockwell units
        449 9 FT [NEW YORK] Boeing took a step forward on Thursday in its plans to become one of the prime defence and space contractors in the US when it announced a US$3 billion (554.2 billion) deal to buy Rockwell's operations in these sectors.
        FT; AFP  -  449 words
      • Article
        Lock icon Apple unveils a powerful crop of home, business PCs
        538 9 They inclnde five Power Macs costing U552,299-USSS,G99 Bloomberg Business News [CUPERTINO, California] Apple Computer Inc has unveiled its new line of PowerMac and Performs personal computers in the company's biggest product introduction since chairman Gilbert Amelio took the helm in February.
        Bloomberg Business News  -  538 words
      • Article
        Lock icon Packer signals move on Fairfax
        320 9 Publishing Broadcasting boys 19.5 m shares to concentrate holdings Bloomberg Business News [SYDNEY! Australian financier Kerry Packer has bundled his interests in John Fairfax Holdings Ltd into a single parcel in preparation for a possible takeover bid for the newspaper publisher. "Concentrating the Fairfax holding
        Bloomberg Business News  -  320 words
      • Article
        Lock icon British Telecom sues AT&T
        428 9 Bloomberg Business News [LONDON] British Telecommunications pic said it has served a writ on AT&T Corp alleging that the biggest US long-distance carrier infringed British Telecom's trademark and "maliciously" made false statements that its service is cheaper. British Telecom said it will make a full statement
        Bloomberg Business News  -  428 words
      • Article
        Lock icon Kraft to acquire Taco Bell grocery products from PepsiCo
        256 9 Bloomberg Business News [NORTHFTELD, Illinois] Kraft Foods said it will acquire the Taco Bell grocery products line from PepsiCo Inc, marking its first major foray into the ethnic foods market. Terms were not disclosed. The line of Mexican-style dinner kits, sauces
        Bloomberg Business News  -  256 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
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        1,152 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Soros fund tumbles 14% in July
        500 10 USs6b Quantum Fond was likely hurt by wrtng bets en the greenback and stocks analysts Bloomberg Business News [NEW YORK] Renowned investor George Soros had a tough July, with his flagship Quantum Fund tumbling 14 per cent in the month through July 30. The
        Bloomberg Business News  -  500 words
      • Article
        StanChart sells futures arm to ED & F Man
        231 10  - StanChart sells futures arm to ED F Man Bank says it's part of strategy to quit non-core business By. Paul Leo [SINGAPORE] Standard Chartered Bank yesterday announced the sale of its futures arm here to UK commodity group ED F Man, confirming a report in The Business Times report on
        231 words
      • Article, Illustration
        Lock icon Market tone remains mixed
        435 10 US$/mark: The dollar traded to a low of 1.4645 on Wednesday, where buying support was found. It subsequently recovered to trade at 1.4790 on Thursday morning. A breach of 1.4645 is needed to give further downside bias to the dollar. Crucial support remains »t the weekly
        Source:; ALLAN  -  435 words
      • Article
        Lock icon Royal Bank of Scotland to handle assets of Mercury
        436 10 Firm in £sm-£2om custody business deal with S 6 Warburg Bloomberg Business News [LONDON] Royal Bank of Scotland Group pic said it's buying the business that holds £80 billion (5117.55 billion) in assets for Mercury Asset Management, making Royal Bank one
        Bloomberg Business News  -  436 words
      • Article
        Bank Austria opens S'pore branch
        261 10 [SINGAPORE] Bank Austria (BkA), Austria's largest bank, which opened an offshore branch in Singapore yesterday, hopes to provide a business link to emerging Eastern European economies, said its chairman and chief executive officer, Gerhard Randa. Mr Randa told a press briefing yesterday that the Singapore
        261 words
      • Article
        Lock icon Euro$ up ahead of jobs data
        235 10 SXMEXHeport Reuter [SINGAPORE] Simex Eurodollar futures ended the week oil firm ground as the recent spate of weaker than expected US economic data lifted players' hopes of a friendly employment report last night. Dealers said market forecasts call for a rise of between 150,000
        Reuter  -  235 words
      • Article
        Lock icon CURRENCY REPORT
        171 10 Reuter AFP tHE dollar was firmer amid buoyant US bond and equities but analysts said a growing conviction US interest rates will not be raised soon is capping the greenback and will eventually pull it lower. News of a lower-than-ex-pected 193,000 rise in US nonfarm payrolls in July
        Reuter; AFP  -  171 words
      • Article
        Lock icon World oil prices slip as players take profit
        322 10 ENERGY REPORT Reuter [LONDON] World oil prices dropped back a little yesterday, paring some of Thursday's gains as players took profits and squared up their books ahead of the weekend. Brent Blend crude futures for September delivery dropped as much as 21
        Reuter  -  322 words
      • Article, Illustration
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    • Article
      COMMODITY PRICES
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      1,201 words
    • Article
      WORLD STOCK MARKETS
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      1,846 words
    • Article
      Lock icon TOKYO
      1566 11 AFX-Asia Q Nikkei 225 -44.42 SHARE prices closed lower, pressured in late trading by light declines in futures and scattered profit-taking, brokers said. The 225-share Nikkei Average closed down 44.42 points at 20,940.41. The Topix Index gained 0.50 to 1,597.97, with the Nikkei 300 Index up 0.10 at 296.87.
      AFX-Asia  -  1,566 words
    • Article, Illustration
      Lock icon HONGKONG
      1538 12 Reuter QiuagSog _tnajo STOCKS ended stronger, with the Hang Seng rallying above 10,900 points for the first time in three weeks following gains in US bonds and stocks and ahead of bank earnings next week, analysts said. The Hang Seng Index rose 172.10 points to 10,961.97. Turnover surged to
      Reuter  -  1,538 words
    • Article, Illustration
      Lock icon CHINA
      557 12 Reuter +OJO SHANGHAI'S B shares ended up, led by Pudong shares, due to expectations of an Improved real estate market. Trading was slow, with most investors sidelined. The index rose 0.10 point to 50.48 on volume of 6.1 million shares worth US$2.5 million. "Domestic investors believe that Pudong real
      Reuter; Source:  -  557 words
    • Article
      Lock icon TAIPEI
      324 12 AFP PIP Ma «6in SHARE prices finished higher in line with gains on Wall Street. "Encouraged by good performance of US shares, investors bought electrical and food issues," said a dealer. The Weighted Price Index rallied 54.02 points to 6,160.99. Turnover was 1.09 billion shares worth NT537.86 billion. Risers
      AFP  -  324 words
    • Article, Illustration
      Lock icon JAKARTA
      677 12 AFP nompQgtehig ♦1103 SHARE prices closed 2.2 per cent higher following gains on Wall Street with sentiment improving as peace returned to the streets of Jakarta. "Sentiment has been improving for the last two days. But again investors should remember that there is a problem with liquidity and some
      AFP  -  677 words
    • Article, Illustration
      Lock icon BANGKOK
      725 12 Reuter HSCTMa <433 SHARE prices rose slightly as a technical rebound was partially erased by profit-taking. "If s kind of a continuation of yesterday's run with talk of a support fund in the works and more positive news on inflation, but there's still the overhang of the deadline for
      Reuter  -  725 words
    • Article
      Lock icon MANILA
      277 12 AFP B«-fc HUB SHARE prices rose as positive sentiment on corporate performances temporarily set aside concerns over a rise in US interest rates. The PSE Composite Index rose 46.58 points to 3,155.22. Turnover was 3.7 billion shares worth 2.3 billion pesos. PLDT rose 25 pesos to 1,585. Manila Electric
      AFP  -  277 words
    • Article
      Lock icon SEOUL
      362 12 AFP POfwitihißi 4JM SHARE prices dropped 1.1 per cent after a recent rally. It was a natural correction after the sharp gains, dealers said. The Composite Price Index closed down 9.04 points at 826.23. Turnover was 20.9 million shares worth 497.7 billion won. Falls beat risers 540 to 291
      AFP  -  362 words
    • Article
      Lock icon SYDNEY
      588 12 AFP QAllOrihariai *17.4 SHARE prices rose, pushed higher by a strong industrial sector and positive sentiment from New York. The All Ordinaries Index rose 17.4 points to 2,208.6. Turnover was 336.5 million shares worth A 1856.1 million,. Resource giant BHP fell 10 cents to A 116.75, global miner RTZ-CRA
      AFP  -  588 words
    • Article
      Lock icon WELLINGTON
      238 12 Reuter nWriNte, *U» STOCKS rose to their highest level since January as bond yields declined, making the yields available from equities more attractive. The NZSE Top-40 Index rose 6.66 points to 2,179.31. Reuter «a mm AWiwUnq TJO uncti ***** Mvantajn HMqi 1-50 uncti 1600 AITNMZMIMM) J.13 0.07 4*1519 AlrW—
      Reuter  -  238 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks up in cautious trading
        6894 13 AFX-Asia QOimpoatelnia +&20 SHARES prices closed higher on light bargain-hunting by local institutional fluids in selective blue-chips. However, dealers said there was profit-taking in speculative stocks, particularly on the second board following Thursday's sharp rises. The KLSE Composite Index closed up 8.20 points at 1,096.17.
        AFX-Asia  -  6,894 words
    • WARRANTS & OPTIONS
      • Article
        KepFin wrts for the longer term
        3445 14  -  WARRANT WATCH By R Sivanithy IN YESTERDAY'S column, we said one strategy in picking warrants is to look for fundamentally good companies whose shares have been bashed, then check if they have warrants in issue. If the answer is positive, then a review of
        3,445 words
    • Article
      CLOB INTERNATIONAL
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      1,799 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
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        680 words
      • Article
        MAIN BOARD
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        4,226 words
      • Article
        SESDAQ
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        775 words
      • Article, Illustration
        HOT STOCK
        57 16  -  'r -m Shiv Taneja DBS LAND is entering a period of consolidation wtth■ an upward bias, as indicated by the directional charik Weekly RSI and Stochastics also indicate some There is strong support at H2O, and resistance at The stock closed yesterday at $4.52, up two cents on
        57 words
      • Article, Illustration
        STII up again amid view that worst could be over
        901 16  -  STOCK MAUBT COMMENTARY Also helping to boost sentiment is the solid performance by US stocks and bonds By R Sivanithy [SINGAPORE] A solid performance by US stocks and bonds and a growing view that the worst could be over for
        901 words
      • ON THE GRAPEVINE
        • Article
          Amcol contra-diction
          112 16 ITS AMAZING that punters used their CPF to buy Amcol shares even after it was made known that there were irregularities in the company, and after the entire board was asked to resign and three new independent directors appointed. One broker said quite a few big contra deals
          112 words
        • Article
          How to start a small business
          69 16 HERE'S yet another tale making its rounds among broking houses on the Amcol fiasco. Question: How do you start a small business? Answer: You first list the shares of your company on the stock exchange. Once the market capitalisation crosses the $1 billion mark,
          69 words
        • Article
          The Liquidator
          36 16 HEARD the one about Television Corporation of Singapore signing up Arnold Schwarzenegger for the dramatisation of the Amcol saga? The serial is to be called "The Liquidator", with Arnie playing the Nicky Tan role.
          36 words
        • Article
          Fear of CAD
          78 16 SEEMS like this Amcol debacle has made quite a few people rather anxious, and we're not talking only about investors. A broker panicked when he got a message to go to Winsland House on tfilliney Road, because that's where the Commercial Affairs Department is located. To his
          78 words
        • Article
          Fear of extradition
          104 16 RAKEBH SAXENA, one of the six suspects wanted by the Thai authorities for embezzling funds from the Bangkok Bank of Commerce, is fighting hard against extradition from Canada. In an interview in Vancouver and published in Bangkok, he maintained a defiant stand. "Everybody's la talking a different
          104 words
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      Page 8 Advertisements Column 2
      14 8 The Straits Times Classified I" Where ISSSI buyers r sellers Wmlh M CATS. J
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      54 11 You may have bevr unable to gat your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home
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      114 12 \jand Transport Authority Infoline share miocation Results i lIICSSSImA usingCDPnumbers. IflirS!! 11l IPf COE Bidding Results Car Registration Number Availability. I Wondering which share result An SPH AudioTex Service number and the Vehicle Category number bid for. L_ 1 hotline Oil 740-2350 (24 hours) tO check first. COE Prices Available
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      42 13 when the Market qets Going, the Savvy 30 £URFIN£ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet IIMBIdJ BUSINESS CENTRE I YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
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      102 14 Doctors prescribe a weekly dosage of The Straits Timp<; Wppldy FHition to keep home sickness at bay. Are you following doctors' orders? You may be a Singaporean going overseas and want to stay in touch with home. You may have children studying overseas and are concerned that they don't know
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      61 15 p LIMITED SERIES OF HAND-MADE WELTED SHOES USES FINE FRENCH CALF LEATHER AND TRADITIONAL CRAFTS- HAND-MADE BY BALLY MANSHIP 200 WORK PROCESSES ON SPECIAL LASTS GIVE A SHOE OF EXCEPTIONAL COMFORT AND LIFE EXPECTANCY FITTED WITH BEECH WOOD SHOE TREES 1 2-MONTH WARRANTY COMPLETE OVERHAUL WITHIN 3 YEARS OF BUY
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      124 15 lb: SPH AudioTcx Department Singapore Press Holdings Ltd 82, Getting Lane Singapore *****7 Tel: 740-1493 Rue: 740-2216 I wish to subscribe to the Quick*tock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period llmootfa. 6mooth. Smooth. atSs6o.oo at 5540.00 atS$25.OQ Payment Options (No refund) 1)
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      944 16 Singapore Closing Share Prices 2/8/1996 CLOSE PREV LOW HKJH _MB/ J-nMn. Malf—on S S S S r 65QVI i e 7 lln Btretefllc 310 308 3.08 3.12 riQQQQfJ Mnr Farm.. 0.77 0.788 0.788 0.778 Honflkonfl Land. 2.20 2.18 2.10 2.22 Mandarin Oriental 1.40 1.42 1.40 1.40 MitiHUM Jardlne Strategic W9B
      944 words
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      25 16 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents please call our Customer Services Section on 1800-749-2577 i
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      A strategic shift in style
      1610 17  -  Ravaged by spiralling costs and buffeted by Asian competitors, Thai garment manufacturers know that they have to change to survive, alambotd reports on what larger firms are doing to maintain their competitive edge, and finds out if a niche still existe for quality traditional Thai
      1,610 words
    • STRAWS In The Wind
      • Article
        Desperate measures
        67 17 ATHLETES have quite a few complaints about services at the Olympic Games in Atlanta. Add one more from Jay Leno of NBC's The Tonight Show: "In Atlanta, there is a shortcoming of bathrooms and what bathrooms they have have these long lines. It has gotten so bad that
        67 words
      • Article
        Misrepresentations
        112 17 NOW OVER to Vietnam, where you re- ally shouldn't believe everything you read. A big sign outside one hotel In Ho Chi Minh City declared: "Clean, Secure and Flexible Price". But upon checking In, you'll find that room rates are fixed In US dollars no less and cockroaches visit
        112 words
      • Article
        Painful discoveries
        54 17 ACCORDING to a recent medical study, drinking moderate amounts of alcohol can help a person think. Sure, a colleague observed wryly, "And I think large amounts of alcohol also help a person think, because you start thinking, Where's my car? Who is this woman? And why is my
        54 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Fostering cultural sensitivity
        2046 18  -  THE RAFFLES Conversation Fons Trompenaars' work at his Amsterdam-based consulting company, the Centre for International Business Studies, goes beyond East-meets-West platitudes. He shares his views on global management practice with kbvdv suluvam and explains how transcultural competence can be achieved KEVIN SULLIVAN PONS Trompenaars' 1993 bestseller Riding
        CHRIS LOH  -  2,046 words
      • Article
        The need for reconciliation
        697 18 SIGNS of cultural convergence and divergence abound, says Fons Trompenaars. The trick is to read the signs correctly. "Culture has many layers; the norms and values which are covered by the outside and then the basics at the core," he says. "In the world, at the
        697 words
    • OLYMPICS 1996
      • Article
        Lock icon Olympics seen as too big for free enterprise
        979 19 Top Atlanta official strongly advocates a mixture of public and private support for future Games AFP HE chief organiser of the most free enterprise Olympic Games ever admitted on Thursday that private enterprise can no longer cope alone with the world's biggest
        AFP  -  979 words
      • Article, Illustration
        Lock icon Why should Lewis run, ask US relay stars
        497 19 'Be didn't came trail with as The relay is abort the US' AFP UNITED STATES 4xloom relay stars Tim Montgomery and Tim Harden slammed track legend Carl Lewis here yesterday, saying they did not want him ft the team. "Who needs Carl
        AFP; REUTER  -  497 words
      • Article, Illustration
        Lock icon Falling over one another in joy
        47 19 G p°y GlA Jsoccer players Julie Foudy (11), Tfffeny Mllbrett (19 and Cindy Parlow (right) Jump atop Shannon McMillan (at bottom) to celebrate her goal against China during the women's Olympic gold medal match on Thursday. US beat China 2-1. REUTER
        REUTER  -  47 words
      • Article, Illustration
        Lock icon US athletics gets a new torch bearer
        525 19 Michael Johnson takes over the mantle from the flamboyant Gui Lewis AFP [ATLANTA] If world beater Michael Johnson can't save American athletics, then nobody can. Anywhere else in the world, he would already be a superstar. In the US until Thursday he was
        AFP; REUTER  -  525 words
    • Article, Illustration
      Enough to give you the shakes
      688 20  -  TELEVISION Earthvisioiis recently turned its cameras on some of the creepiest crawiies ever to inhabit this earth By Kevin Sullivan TWO recent instalments of Earthvisions (Monday, 6.30pm and 7pm, Premiere 12) were apparently designed to induce multiple heebie-jeebies among unsuspecting viewers. They succeeded completely,
      688 words
    • Article, Illustration
      Flawed family portrait
      490 20  -  CINEMA Mike Leigh gives us more snapshots of odd characters and dysfunctional relationships in Secrets A Lies By. Holly Harrison WHEN Hortense (Marianne Jean-Baptist< a black optometrist, decides, upon the death of her adoptive mother, to seek out her birth mother, she bites off not surprisingly more
      490 words
    • Article
      All boxed in, and having a ball
      617 21  -  NIGHTSPOT The BMB Karaoke Box at Bngis Junction offers its young crowd different styles of entertainment in a hacienda-like atmosphere By A Surendren YOU MAY have heard of the group called Living in a Box. I never thought much of it dismissing it
      617 words
    • Article, Illustration
      WHAT'S ON
      396 21  -  Compiled by Holly Harrison ART OOMPHTITIOW Singapore Red Ribbon Awards: Art Against Aids Action For Aids (AFA) Singapore is holding an art competition with Aids as the topic to be addressed. Participants are invited to express their thoughts and views on the illness, the public health crisis it
      396 words
    • EPICURE
      • Article, Illustration
        Lock icon India's famed kebab comes to town
        910 22  -  Mpcknow's Shabi Gilaawat ka Kebab, prepared from 160 secret I ingredients, was the highlight of a fund-raising dinner ofganised by Sinda last night hiibb mhhta meets the chefs ••who brought this, and other Indian delicacies, to Singapore HARISH MEHTA THEShahi GUaawatka Kebab, a centuries-ok
        PHOTOS BY ERIC CHU  -  910 words
      • Article
        Entertaining with red wine
        744 22  -  WINE CONNOISSEUR Some fiiiHoritliM iriiwi matching reiwiae with food By\ H K Yong YOIKOULD drink only white winAhroughout a whole meal but pis would not be usual and jour friends might considenrou stingy. The converse is mere likely, as reds are definitely more popular than whiif.
        744 words
      • Article, Illustration
        Lock icon Fairly predictable offerings
        646 22  -  MILLENIA WALK IfabfcMwaal imprauiTe, bat d«o't aspect shopping or dining sarprises By, Jaime Ee ITS BEEN said before that the retail industry is in a slump because there are just too many shops around selling the same thing. Look at Millenia Walk. Majestic looking it may be,
        ARTHUR LEE  -  646 words
    • Article, Illustration
      CINEMA
      1076 23 Affair*. Richard Berry, Karin Vlard and Vincent Cassell star in a film about the love games people play. R(A). Yangtze: 12am. AmttjrOlm Dnlftwm. Just when you thought they'd Anally finished the whole evil saga, the Amityville horror returns. Lido: 3.45; 6.30; 9. Century: 11; X 7. DmiiUM CUria. Timothy
      1,076 words
    • TRAVEL
      • Article, Illustration
        Don't let Ruapehu get you down
        851 24  -  What do you do when your skiing plans in New Zealand get ruined by a temperamental volcano? Be a sport, says audrht phkhra and check out the country's other outdoor attractions AUDREY PERERA SO YOU've gone to New Zealand with the ftill intention of
        851 words
      • Article, Illustration
        Fun and games in Auckland
        896 24  -  Tlte city offers some solid entertainment options for children By, Audrey Perera HEINZ Tomato Ketchup, Jacob's Cream Crackers and Marie biscuits, a Singer sewing machine and one of the earliest telephones. These comfortingly mundane items were on the list of supplies used by members of
        896 words
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      6 17 Baffles Conversation Fons Trompenaars EL 2
      6 words
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      Page 17 Advertisements Column 2
      91 17 Travel Sporting options New Zealand EL 8 j X OYSTERS $1.50, FRESH FROM THEIR BEDS AT THE REGENT. i i From now until the end of September, we're flying in succulent fresh oysters and serving them up at just $1.50 a piece. Sounds incredible? So are the oysters. After all,
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      166 20 mi SERVINGS UNLIMITED! HELPYOURSEU-TO 014 Tim# Q*****H... I* I *****1 l llW|Hl»|l|l^ AaM f«fc«. wml p—> mh«l iM ban Mf, bafcarf paaaal paalqt am Mh, aag ki kMlv baat kMk, ate... atMack... Hava lea ar a cap af Maa4 eaAae aa aa SUMMER CAT! RESTAURANT iJ^* THE n BUSIMSSTIMES A
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      Page 20 Advertisements Column 2
      58 20 i(B takeoff? Making money I aiLitSSl oftabUky your life ■w^S^^ondosl nfHK T llllllllm2 headfor FWe "«yand JW ■Senibawang J* 16 'curee of Peter lynch' Available at: Newsstands NTUC Supermarkets Csltex STOP PRESS kloks 7 Eleven .Mobil Published by Times Periodicals, Times ttie Bookshop Cold Storage SPC membew^^ •Kinokunlya «BP Singapore
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      555 21 Where to wine, dine and entertain I. I A Cafe with I an Oriental I difference! I I From 7.00 am to I 10.00 pm daily. I II *****^^ HAPPY i HOUR S PARTY I 1 j—j 111 HI tißfwbir 1— I You are cordially invited to Hilltop m Lounge's
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      Page 21 Advertisements Column 2
      66 21 9 i ,j| t in|| A Bigger Better Tunch iWj MORE VARIETY EXCELLENT VALUE SAME OLD PRICE K| $13.80+++ (adult) mS $B.oo+++ (Child) Sat/Sun/Pubfcc Holidays 18 noon to 5 poi 317 Outran Road Singapore *****5 Tel *****88 HH I i 12 noon to 2.30 pm. Adult. $25.00*/ Child (below 12
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  • Page 23 Miscellaneous
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      2021 23 TODAY'S TV lm—wmii ■■!■■■—i 99HMMHMMMMM Tamuseithim 4 Live from men luggage swap occurs. With 7.S0 Live from Atlanta: Athlet- ?S AMTV Innovations. fine performances by khSmiM [B* lltlUBboKiap, Anita Mui, Do Long and Platform Diving (Finals). Kin JH^WW Felix Wong. 1»» NNLive from Atlanta: nyttMJ J» AMPro. Summary. Armand Assante
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      62 24 TAP INTO il THE NEW TRADEWINDS AGCOMMODMON PLAN. With our extensive network, you can book into the best hotels around the world with just one phone call or fax to us. From Penang to Paris, from Taiwan to Turkey, wherever you decide to travel, the most exclusive hotels are yours
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