The Business Times, 5 August 1996

Total Pages: 28
1 28 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 04^12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE MONDAY, AUGUST 5,1996 "53
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  • 562 1  -  Small, local firms particularly pessimistic about prospects in 2nd half By, Anna Teo [SINGAPORE] Business sentiment weakened sharply in the second quarter, with small, local companies particularly pessimistic about prospects in the second half of the year. While more companies chalked up higher than lower
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  • 298 1  -  From, Ruth Wong <n Kuala Lumpur MALAYSIA, due to release its May trade figure this week, is likely to surprise the market with a surplus of some Ms24o million (***** million), sources said. The Kuala Lumpur stock market has been abuzz with
    Source:  -  298 words
  • 351 1  -  Changes likely as top men switch jobs and settle inte new roles By, Abdul Hadhi [SINGAPORE] A high powered game of musical chairs looks set to stir things in the property industry. Prominent names such as Malayan Credit's Ang Ah Lay, DBS Land's Wong
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  • 373 1 Bernama Reuter [ALOR STAR, Kedah] Prime Minister Mahathir Mohamad has expressed regret over Saturday's peninsula-wide massive power failure, saying lessons should have been learnt from the 1968 blackout. "I am sad that it has happened again when we should have learnt from our
    Bernama; Reuter; REUTERS  -  373 words
  • Page 1 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 539 2  -  IT/CBKO BUSOIBSS AUTITITI SURVBT TWsrfurvWttarii ak>,yr«flt, mw tftajMnvpbiftt Reportsbf* Anna Teo LARGE, foreign companies continued to outdo mmii, local firms, according to the latest business activity survey by The Business Times and the National University of Singapore's Centre for Business Research ft
      539 words
    • 296 2 POORER sale*—due primarily to weaker demand and keener competition has become a more dominant reason for dips in profits over the past three quarters. In the latest BT-CBRD business activity survey, poorer sales was the most cited reason for lower profits in the sscond
      296 words
    • 264 2  -  BYE ON TBS ECONOMY Construction By\ Michelle Low PRELIMINARY numbers from the Construction Industry Development Board (CIDB) suggest that May was another slow month for the construction sector. The value-of construction contracts awarded in that month was $1.06 billion, 24 per cent less than the
      Source:  -  264 words
    • 283 2 Omriamm Cheek has been appointed assistant business manager at Abtrust Funds Managers (Singapore) Ltd. Ms Cheok will assist one of the directors in business development and product development, Including the structuring and marketing of new fluids. Ms Cheok was formerly a business development executive with HSBC Trustee (Singapore)
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    • 436 3  -  T«UI occupation CMtarMete US$9lO pem a year in Jane, from US$B75 in Jan By] Diana Oon SINGAPORE is now the world's seventh most expensive city for office space, according to a survey by property consultants Richard Ellis. Total occupation costs covering office rental,
      436 words
    • 269 3 OVER the last 10 years, the value of Singaporeans' homes went by over $60 billion about half the country's annual gross domestic product said Deputy Prime Minister Lee Hsien Loong last night. The $60 billion figure was arrived at based
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    • 373 3 Average hike At Plaza Singapore only &03% for first half DBS Land has reftited allegations by tenants of Plaza Singapura that it is raising rentals by 30-40 per cent ahead of an $85 million facelift of the shopping centre next May.
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  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 244 3 Relaxing. Quiet. And FZGSrSL In the comfortable ambience of the Barons Table, enjoy our Executive Lunch, where we combine the best of buffet and ala carte dining. We'll get you back to work well-fed, on-time, and within budget. ALL -YOU-CAN-EAT APPETIZER BUFFET Fresh, healthy and light, the selection includesfresh Shrimps,
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  • SOUTH-EAST ASIA
    • 520 4  -  LBTTBftFROM BAMGKOI Mew moves outlined last week seen boosting financial markets By Loh Hui Yin THAILAND'S financial markets should be less skittish this week after a flurry of moves by the authorities and the stockbroking community to calm them. Stockbrokers last Friday pledged
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    • 313 4  -  BANGKOK Problem nifty become disastrous for Thailand, says ex-premier By] Loh hui Yin FORMER prime minister Anand Panyarachun has lashed out at the "shamelessness" of Thailand's political leaders which, left unchecked, could bring disaster to Thai society. "When leaders are shameleas, they can do anything, whether
      313 words
    • 182 4 JAKARTA Reuter OUSTED Indonesian Democratic Party (PDI) leader Megawati Sukarnoputri wUI not attend a police summons as part of a probe into recent riots and wUI send her lawyers to represent her, an aide said yesterday. Ms Megawati received a summons on Friday asking her
      Reuter  -  182 words
    • 271 4 ALOR STAR Menace could destroy Umno, govt and coixntry, he warns Bernama PRIME Minister Mahathir Mohamad yesterday issued a firm reminder to Umno members at aU levels to steer clear of corruption, saying the menace could destroy the party if left unchecked. "We definitely do
      Bernama  -  271 words
    • 169 4 MANILA Bernama THE Philippine Central Bank announced over the weekend that it has decided to remove the ceiling set on domestic borrowings of foreign firms as of January 1997 to attract more foreign Investments. Central Bank governor Gabriel Singson told reporters here
      Bernama  -  169 words
  • Page 4 Advertisements
    • 851 4 IT CONSULTANCY SERVICES Our client, a US multi-national company and a leader in Open Network Computing producta and aervicea, has grown tremendously and foresees the need to build a professional IT team that will provide consultancy services and integrated computer ayatama aolutions to meet the business needs of customers within
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    • 21 4 w Casual Elegant Dining Best jm Choice of Oysters Dishes Delightful/* Key Largo 101-01 Traitor's Martet dart* Quay Tak 334 4065
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  • CHINA-HONGKONG-TAIWAN
    • 331 5 TAIPBI Reuter AS TAIWAN raised losses from Typhoon Herb, economists ysstmdaj saw the positive skit, saying the storm might boost economic growth through reconstruction end 1 ■'■Tiiiiri Bat tlwy said worries ouuui iniamn misni cuuupoH the stock market and said shares could fall before Morgan
      Reuter  -  331 words
    • 43 5 (TAIPEI] Taiwan President Lee Teng-hui (right) greeting visitors who have the same name as Mm during a meeting in the presidential palace here yesterday. Thirteen "Lee Teng-hui" met the president as part of the palace open house. REUTER
      REUTER  -  43 words
    • 124 5 M BEIJING AFP MORE than half of China's 1.5 million onshore oil workers will be transferred to other sectors by 2000 as part of tough reforms to boost profits, the China Business Weekly said yesterday. Like most of China's state sector, the
      AFP  -  124 words
    • 229 5 BEIJING AFP TAIWAN'S decades-old ban on direct shipping, trade and postal services with China is stunting the billion-dollar trade between the two political foes, the China Business Weekly said yesterday. "The influence of such bans has become increasingly palpable as Taiwan business people
      AFP  -  229 words
    • 197 5 BEIJING AFP AN "ALARMING" rise in counterfeiting may threaten China's currency and slow economic growth, the country's central bank warned yesterday as it announced the formation of a special team to fight the problem. Police last year confiscated nearly
      AFP  -  197 words
  • Page 5 Advertisements
    • 377 5 University of South Australia Addade Ph.D. A MBA wuTninnTornlnt** 1 fl lOthlntatu Oct96 m 'New structure and content to prepare 3fd hrtaki Oct 96 top managemeat and consultancy careen Admiaalon: An MBA degree or a 18 months; 312 seminar boms specialist Master's degree pins 12 modules phu 1 project substantial
      377 words

  • ASIA
    • 278 6 LONDON Proposals moot some requirements bat might not be enough FT SOUTH Korea on Friday offered to liberalise its tightlyregulated financial market in a bid to join the Organisation for Economic Cooperation and Development this year. The concessions include
      FT  -  278 words
    • 226 6 SYDNEY AFP AUSTRALIA's corporate watchdog announced yesterday a new campaign against "phoenix" companies which it says are costing the national economy up to Asl.3 billion (551.42 billion) a year. The Australian Securities Commission (ASC) defines "phoenix" companies as those which intentionally walk out on their
      AFP  -  226 words
    • 150 6 a NEW DELHI AFP THE fragile coalition government of H D Deve Gowda was rocked yesterday by allegations that the personal telephones of senior Congress (I) leaders were being tapped by federal detectives. The Asian Age newspaper claimed to have obtained a document showing the
      AFP  -  150 words
    • ASIA Notes
      • 40 6 Reuter [SEOUL] South Korean prosecutor* would seek tough penaltiee for two former preeidents charged with eedttkm, treason and bribery, proeecutoreeaidyeeterday. The court trying Chun DooHwan and RohTae Woo hMasksdths prosecutor# to preeent their denand today .—Rmttr
        Reuter  -  40 words
      • Article, Illustration
        41 6 AFP [SYDNEY] The phenomenally successful children's television characters, Bananas in ittvms,psr4braing at a rally in Sydney to save the Australian Broadcasting Corporation yesterday. Thoussnds turnsdnp to prats* against thrsetsnsd cuts to thsbudgst by ths Australian federal coalition govenuMnt —AFP
        AFP  -  41 words
      • 51 6 Bloomberg Business News IMKLBOURNIJ A group of investors tod by National Power pic ofßritain bought the Hasehroodpowerstatkm from Australian Victoria state government for A*L36 billion (Smbilliou). The 80-yeer<>ldHaielwood plant is a 1.600 MW brown coal power statkm. It teeoMwithan Adjacent coal mine. Bloomberg Business
        Bloomberg Business News  -  51 words
      • 61 6 AFP [SYDNEY] Ibe World Bank has threatened to cancel a U***** million (***** million) rescue package for Papua New Guinea because it has breached bank-impoeed conditions officials said yesterday. The bank's director for East Asia and the Pacific, Marianne Haug. made the threat last
        AFP  -  61 words
  • Page 6 Advertisements
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  • THE WORLD
    • 353 8 NEW YORK FbakMlfirMMta better tkaa 50% ckaiNifUkiat eeaingFOMCmeet Reuter GOLDMAN, Sachs and Co Inc now expects the Federal Reserve to leave short-term US interest rates unchanged at the Fed's next policy meeting on Aug 20, said William Dudley, director of US economic
      Reuter  -  353 words
    • 147 8 LONDON Ptlitfeal, Oftiwnif secrets allegedly used hf US iaOatt talks AFP US SECRET service agents broke into the computer systems of the European Parliament and the European Commission in a campaign to steal political and economic secrets, The Sunday Times newspaper said.
      AFP  -  147 words
    • 308 8 WASHINGTON AFP PRESIDENT Bill Clinton, joined by executives from some of the best known names In the US clothing industry, has announced an anti-sweat shop effort led by unions and the industry itself. The latest spate of US interest in sweat shop employees appears to
      AFP  -  308 words
    • 181 8 TEHERAN AFP IRAN warned yesterday against a mounting US campaign against the Islamic republic and called for immediate UN action to stop the "dangerous" move. Foreign Minister All Akbar Velayati sent a letter to UN Secretary General Boutroe Boutroe-Ghali accusing Washington of "looking for
      AFP  -  181 words
  • Page 8 Advertisements
    • 175 8 *~f- tfriTf vA'v vjtfKsag* WITH NOKIA, YOUR BUSINESS CAN REALLY GO PLACES. The Nokia Cellular Data Card is the first data card in Singapore which allows you to send error-free faxes and e-mail with your Nokia 2100 series mobile phone, at the fastest speed of 9600 bps. You can do
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    • 51 8 OH markets set to rally as US-Iran tension rises, Pg2l Prime Freehold Land Off Upper Bulrit Timah Road For Sale Ideal site for building four dream home dose to Bukit Timah Nature Reserve, schools, proposed LRT and Rail Mall Land area: 17,183 sq ft Call WernZhi: *****561 Moses: *****149 Lot
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  • FOCUS
    • 1378 9  -  Early response to the Multimedia Super Corridor, launched last week, has been overwhelmingly favourable, but will the companies sign on the dotted line? By] Kenneth james The wriHr is BTs Technology mdum Editor [SINGAPORE] AIMI Aizal Nasharuddin gestures proudly at the elaborate clay mockup of
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  • Page 9 Advertisements
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  • BUSINESS IT
    • 584 10  -  Bnt regional HQ in Malaysia won't indito coro software development, the new chief says From Kenneth James WHEN Microsoft Corp decided it needed a South-east Asian headquarters, only Singapore and Malaysia were really in the running. Eventually, lower costs and the attractions of the
      584 words
    • 446 10  -  KirbtdunMbb that of its nearest competitor by the year 2000 the aim By. Annette Pan [SINGAPORE] America's top US computer firm Compaq is gunning for a bigger bite of the server market. The company has set a clear target to command a market share double
      446 words
    • IT WORLD
      • 93 10 Financial Times [SAN FRANCISCO] Ths prssidsot and chief opsrathg omcar of Silicon Graphice, the US computer worlsstetlo#' manulhrtursr, ia leaving after 10 years with thocomeeny. Mr Tom Jermotuk said he waa leaving Silicon Orapfcica because it had grown too largo and he preAsrsd the challenge of
        Financial Times  -  93 words
      • 104 10 AT t, Microsoft form alliance The New York Times (NBW YORK] ATAT and Microsoft said last walk tie* had fbrrosd sn slliancs tn which sach would distribute tlm other's online software. ATJkT Worldnet, whteh ja n Internetscceos to sn estimated aOQ/tt) customers, wflhoia Amsrica Online, Caaspuoero and Microsoft's own Microsoft
        The New York Times  -  104 words
      • 97 10 Reuter [TOKYO] Toshiba Corp plana to launch the world's frst player for digital video discs (DVDs) in October, the Asian Wall Street Journal reported from New York last we*. Ths paper said ths plan would likely bs aawMi not month. It also said the
        Reuter  -  97 words
      • 55 10 Bloomberg Business News [LONDON] Philips Electronics N.V. sad Sony Cerp said they win begin licaneiaganew type ofsooMtimjiuNv;-:' that hold* 10 times ths tnfcrmatioa ofetandMd il*5ESl < rliati tin in tn saaj mmm I tibt <nrj in —"Tl"'' lii| dwiBF|i jjjaiift i memory storags devices like ths DVD
        Bloomberg Business News  -  55 words
    • 444 11  -  IttjfMlistobetqi graphics vendor in regtaby nextye&r By' Toh han Shih [SINGAPORE] US company Diamond Multimedia aims to be die top graphics vendor in Asia-Pacific by next year. Bryan Low, Diamond's new Asia-Pacific director of its regional headquarters set up in Singapore in June, said:
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    • IT TAKES
      • 56 11  -  Compiled by Goh Ken-Yi [SINGAPORE] System Software Associate® (SSA), a leading provider of business enterprise information systems to the Industrial sector, has appointed Dr Tan It Bang as director for technology for its Asia-Pacific operations. His will be responsible for the company's technology development, direction,
        56 words
      • 66 11 [SINGAPORE} Texas Instruments Incorporated (TO has announced a new chipeet for optimum connection between Ethernet or Token Ring local area networks (LANs) to agynchrpnous transfer mode (ATM) networks. Dubbed HyperSAß+, the chipeet incorporates a high-performance segmentation and reassembly (SAR) with a traffic-management scheduler. It is priced
        66 words
      • 56 11 [SINGAPORE] Autodesk Asia has appointed Lee Hock Soon director of marketing. He will have overall responsibility for deviling and implementing marketing strategy in the Asean region and reinforcing Autodesk's position as a dominant supplier of design solutions across all industry sectors as well as the
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      • 58 11 [SINGAPORE] To reduce system downtime and support ooits, the Philippines' government-owned Social Security tystvm (SSS) has chosen BMC Software's Patrol to manage its Oracle databases. Patrol was selected for its ability to automats and centralise the control of all critical elements la the central monitoring ofSSS's
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    • 455 11  -  Sought: Smaller but world players which are'hungry' By Toh Han Shih [SINGAPORE] The new AsiaPacific vice-president of USbased software firm Autodesk, Tom Norring, is looking for Singapore partners who have the potential to be world players. The strategy is part
      455 words
    • 444 11 [SINGAPORE] The booming Asia South region consisting of India and Asean posted the highest revenue growth for giant Internet commerce group Sun Microsystems for its financial year ending June 30, a Sun official said last week. Sun's Asia South revenue
      444 words
    • 521 12  -  Singapore Ims a good local IT environment to bunch this product' By\ Nicholas Fang [SINGAPORE] School children in Singapore will soon enjoy the latest multimedia technology from the US at a fraction of the institutional price. Local information technology development firm
      521 words
    • 337 12 [SINGAPORE] A new technology to fully recover computer systems of large organisations after a breakdown is being marketed in Singapore by EMC, a US data storage company. This technology, called Symmetrix Remote Data Facility (SRDF), has been used in the
      337 words
    • 262 12  -  By I Christopher Tan [SINGAPORE] CEI Technologies (CET) and the Information Technology Institute (TTI) have signed a memorandum of understanding to develop innovations for land transport applications. The research and development effort will cost up to $2 million and run over 18
      262 words
    • 155 12 [SINGAPORE] An ink-jet printer capable of being operated aoi programmed remotely from anywhere in the world is being mafketed by Willett, a UK supplier of industrial labelling and b*r code printing products. The Willett 460 si Small Character Continuous Ink Jet Prints has a modem
      155 words
  • Page 10 Advertisements
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    • 188 10 FIRST TIME in Asia and Singapore I I Brought to you by the Institute of Systems Science TechlSS Pic Lid I I (3 c T~OSStTZ& I I tHSm the CHASM I I S—E- September 11,1996 I I Two seminars in high-tech marketing strategy I irzside I I the tornado I
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  • Page 11 Advertisements
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  • Page 12 Advertisements
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  • Page 13 Advertisements
    • 524 13 I For the SMP I performance on Novell, I plug i n to Digital PC servers. I I THE DIGITAL PRIONS ZX PC SERVER I I AND NOVEL! NETWARE 4.1 SMP, I I I WORKING IN UNISON TO GIVE YOU ■—~*j MB I I THE BEST OF SYMMETRIC B=== I
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  • OLYMPICS 1996
    • 763 14  -  The Games, as a positive moral force, are already over, forever, says bobhrt imrn ROBERT LIPSYTE NYT THE time has come to call it by its rightftil name: The Olympicspsdes. The Games area five-ring circus, somewhere between the World Cup and the Ice Follies. And out
      NYT; REUTER  -  763 words
    • 388 14  -  By\ Richard Sandamir NYT [ATLANTA] Day 16 of tjfc Summer Olympics. One dij left. Billy Payne, dressed inj sky blue jacket, red tie al|c confident smile, was ask# about his health. "Going strong," he told i group of reporters on Sat#
      NYT  -  388 words
    • 236 16 AFP [ATLANTA] Joslah Thugwane became the first black South African to collect an Olympic gold medal here yesterday, winning the closest marathon in Olympic history. World champion Martin Fix lost a classic game of cat and mouse to the 25-year-old South African who won
      AFP  -  236 words
    • 774 16 VenusteNiytagibt wins Burundi's first track and field Olympic grid in tto 6,000 m AFP [ATLANTA] Canada robbed the United States of the men's 4xloo m relay crown with a remarkable run as the Americans seemed to have been distracted by the controversy surrounding
      AFP; REUTER  -  774 words
  • Page 14 Advertisements
    • 1369 14 •TO ADVERTISE CALL TOLL-FREE 1800-741 1883 M THE MATTER OP THE CORP AMES ACT, CHAPTER SO MAYNAHO AND COMPANY URRTED MEMBERS' VOLUNTARY UQUE>ATION Al an Extraordinary Qanarai Mooting of tho Company convened and hoM at 257 JaMn Ahmad Ibrahim, Singapore *****7 on *w 30* i day of July 1996, *w
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    • 30 14 Where to wine, dine and entertain BRAISED WHOtai-REAP'MAIjQHE w.,.. «1 LuU Nm Klrln Caan Itiuk'i Pl* «4 S*«r~4 20 Devonshire Rd (off Killiney Rd). #01-01. Devonshire Building, Singapore *****0 Tel:*****88
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  • Page 15 Advertisements
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  • Page 15 Miscellaneous
    • 706 15 TVARADIO 7J< Nalanthana (T). MJI AM Picket Fences 7J9 Tamil Seithi (T). n When In Rome: A convict- CM Berlta 12 (L). J cAiid molester takes up CM Tinjauan —hhb fS&S!fi£;^?? eer residence in Rome, caus- tuM Mutlara BudL v WJk i l D, y* lll A™ 01 (V. in*
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    • 159 15 CRVPTIO CROSSWORD 1 Doctor seen in unusual haste jp^" 30 Belts from old clothes (6) —1 1 1 1 1 I 31 Filter supplied by Arms with cW>oc Q some delay (9) <5 SATURDAY'S SUHTIIUW ueiayw 14 Booked with pride (9) 15 Observer Magazine (9) 2 The initial mistake causes
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  • Page 16 Advertisements
    • 962 16 V M 1 I HAI SUN HUP GROUP LTD I (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL GENERAL MEETING I NOTICE 18 HEREBY GMVEN that the Eighteenth Annual General Meeting of the Company wM be held atlhe East Indta Room, Raffles Hotel, 1 Beach Road, Singapore *****3
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  • COMPANIES & MARKETS
    • 801 17 pmaitvwtfcii tm titwi In am NtfkilMw tanta»t»s3l«Jm (SINGAPORE] Boosted by ftrnaf Mirth In non-Interest Bank reported a ■M part** rise In group net froflt to 8816J million fbr the fralf-year coded June 80. 1 Bat DBS deputy preeklent tod chisf operating officer
      Source: Bloomberg  -  801 words
    • 378 17  -  ItMwhMMntku 50% ((fitful feu Mtwarksurktt By' Toh Hooi Ling [SINGAPORE] Networking and communications system integrator Datacraft Asia expects its business in China to grow by more than 35 per cent a year over the next two years. This is Cuter than the
      378 words
    • 167 17 [SINGAPORE] There's still hope yet for some Singapore stocks despite the widespread gloom in the local market. In a recent report, American investment bank Salomon Brothers (SB) recommended a "buy" on both DBS and Overseas Union Bank (OUB), plus a "hold" on United Overseas
      167 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 319 18 Firm's capacity to provide voluminous content is limited, says Telekom CEO Bemama (KUALA LUMPUR] Telekom Malaysia Bhd, which was appointed as the sole provider of telecommunications infrastructure for Malaysia's Multimedia Super Corridor (MSC), welcomed the entrance of providers of multimedia content into the MSC. Chief
        Bemama  -  319 words
      • 92 18 Bernama [KUALA LUMPUR] Malayan United Industries Bhd has completed its unconditional mandatory takeover offer for the remaining 175,000 shares in Pengkalen Holdings Bhd, at a transacted price of M 56.40 per share. In an announcement to the Kuala Lumpur Stock Exchange on Friday, MUI
        Bernama  -  92 words
      • 199 18 Bernama [KUALA LUMPUR] Yaohan (M) Sdn Bhd is upgrading its supermarket, food court, household and electrical department at its flagship store on the lower ground floor, the Mall, at a cost of several million ringgit. Managing director T Anzai said during the weekend
        Bernama  -  199 words
      • 249 18 Launch date will be announced in October Reuter [KUALA LUMPUR] Malaysia will launch an over-the-count-er (OTC) stock market by January 1998, the Bernama news agency said on Saturday, quoting an official of the Malaysian Technology Development Corporation (MTDC). Anuar Mohd Nor,
        Reuter  -  249 words
      • 130 18 Bloomberg Business News I JAKARTA! PT Citra Marga Nusaphala Persada's net profit rose 55 per cent in the six months ended June 30 as toll rates roee and the company repaid debt. Net profit roee to 66.32 billion ruplah (Ss4o million) from 42.64 billion
        Bloomberg Business News  -  130 words
      • 431 18 Subsidiary to market defence vehicles in lTsia and region NST [KUALA LUMPUR] The DRBHicom group will set up a subsidiary, DRB-Defence Technologies Sdn Bhd, as part of its comprehensive plan to further diversify into the manufacturing of military vehicles. The new subsidiary, now in
        NST  -  431 words
    • REGIONAL COMPANIES
      • 354 19 But building experts say 86-storey tower will block Victoria Peak skyline (HONGKONG! A Sun Hung Kai Properties-led consortium and Mass Transit Railway Corp (MTRC) have secured initial approval to build a skyscraper on top of the airport railway's Central station, the South China Morning
        354 words
      • COMPANY Briefs
        • 67 19 Bloomberg Business News [TAIPKI] Foreign stock Investors moved a not U8H06 million (SI231 million) out of Taiwan last month, a 14-month high, the Economic DoityNtws said yesterday, Citing the island's central bank. Foreign stock inveetors brought US$494 million into Taiwan last month, the highest
          Bloomberg Business News  -  67 words
        • 66 19 AFP DMCUINO] Chinese share Investors discussing the latest Mock tipe at the Bejing branch of the Shanghai-baaed Shenyin International Securitiee Company last Friday. The seeurities firm, sstablished in April from a merger between the former Shanghai Shenyin Securitiee and Shanghai International Securities, tops ths rankii*af mors than
          AFP  -  66 words
        • 87 19 Bloomberg Business News (OAK BROOK, Illinois] McDonald's Corp agreed to boy 184 Roy Rogers restaurants in the Washington, DC, and Baltimore areas from Imaeco Ltd ibr US$74 million (SUM million) last Friday. The world's largest ftst-fbod chain plans to convert some of the
          Bloomberg Business News  -  87 words
        • 83 19 Bloomberg Business News [LONDON] Pearson pte is expected to report that first-half pre-tax profit fell between 33 per cent and 49 per cent today as a result of one-time charges mainly freak losses at its Mindscape software unit and a lack
          Bloomberg Business News  -  83 words
        • 65 19 Reuter [ZURICH] Switzerland launched ftill electronic trading of •hamlMt Friday ina move aimed at maintaining th# country's position as a key financial centre. After trading got underway, member banks said they were happy with ths Swiss Electronic Bourse systsm, which mei goo whet were
          Reuter  -  65 words
      • 125 19 Reuter [BEIJING] US computer giant International Business Machines Corp plans to invest US$2 billion (Ss2.B billion) in China between this year and the year 2000, the China Daily Business Weekly yesterday quoted IBM China chairman Henry Chow as saying. The investment would
        Reuter  -  125 words
      • 312 19 Much reduced political concern reflected in prices Reuter [WELLINGTON] New Zealand's share market, out of step with global markets for more than two years, has strolled ahead in the past month and analysts say it may stride further while other markets pause
        Reuter  -  312 words
    • INTERNATIONAL COMPANIES
      • 345 20 Appeals cevrt rating makes it harder to ne ever repetitive stress injuries Bloomberg Business News (NEW YORK] Lawsuits against Apple Computer Inc, International Business Machines Corp and other computer makers over Injuries allegedly caused by keyboard use were thrown out by a New York
        Bloomberg Business News  -  345 words
      • 336 20 FT [LONDON] Sony and Philips have broken ranks with the rest of the consumer electronics Industry by announcing plans to start licensing patents for the new generation of digital video disc systems. The announcement last Friday infuriated rival manufacturers, which have spent
        FT  -  336 words
      • 110 20 Bloomberg Business News [ATLANTA] Coca-Cola Co has signed a long-term sponsorship agreement with the International Olympic Committee to keep it involved with the Olympics through the year 2006. The terms of the agreement were not disclosed, but they will include cash payments and in-kind
        Bloomberg Business News  -  110 words
      • 346 20 Smm firms might kmiMtlw earlier guidelines Bloomberg Business News [WASHINGTON] The Securities and Exchange Commission is putting an end to the use of an accounting method that's become popular among companies seeking to keep earnings up after they pay more than book value for
        Bloomberg Business News  -  346 words
    • FINANCE & COMMODITIES
      • 422 21 London will get unfair advantage if its banks win equal access to Target FT [LONDON] London would gain an unfair advantage over Frankfort and Paris if Britishbased banks won equal access to the Euro payments system after the United Kingdom had
        FT  -  422 words
      • 113 21 (SINGAPORE] Lanna Lignite Public Co Ltd, one of Thailand's largest private lignite producers, has raised a US$l5 million (Ss2l million) loan through a transferable revolving credit facility. The loan will be signed with a consortium of eight banks in Singapore today. It is
        113 words
      • 290 21  -  Buk has plus te rasrgaaise activities in Septra ud HE From] Neil Behrmann in London CITIBANK will close its foreign exchange market-making operations in Frankfurt next month. The move is part of a plan to cut back on forex activities in continental Europe in
        290 words
      • 334 21 Reuter [LONDON] World oil markets were set for a strong rally as concern grew about the possibility of military action against Iran after the US said it was a prime suspect in a bomb attack against a US military base in Saudi Arabia, analysts
        Reuter  -  334 words
      • 118 21 [SINGAPORE] Shandong Huazhong Paper Co Ltd (SHP) has raised US$4O million (5556.7 million) through a syndicated term loan facility in the Singapore market. The company is expected to use its first major fund raiser to help finance the expansion of its manufacturing capacity
        118 words
      • Article, Illustration
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    • COMMODITIES & FUTURES
      • 579 22  -  MWKi Weeklyßoundup Bote seen tapping the money market to obtain mark reserves to swaps Callum Henderson MMS International [SINGAPORE] Following the recent inaction by the Bundesbank and the subsequent rebound in the mark, massive profits were taken and booked in the safe haven currencies (such
        Source:  -  579 words
      • 867 22 COMMODITY Weeklyßoundup AFP [LONDON] Uncertainty over US interest rates lent the precious metals a fresh glow last week, when platinum received an extra fillip from strike action at South African mines. Investors turned to gold rather than unstable bond, currency and
        AFP; Source:  -  867 words
    • 1088 22 suxmnrrusBi i a m M S« 53 si ni si C£ w S »j |j 38 fidf S3 sas t>. 5= «SS m«S gs H HH IS WM»m«iip 1 TininiiTt u 11W1TT1 —WW 11 1 nirrgg dw S3 ss ss s a KSMOQCONTtACTftScMti/to Ctatt g?s J5 Mt; «FtW
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      3,129 words
    • 752 23 Relathrs Strnfth Tm 4irrr The RSI measures the rate at which prices move. In theory it ranges between zero and 100. In practice, however, it fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: *****Q/[(up average/down
      Source: Bridge Info  -  752 words
    • MARKET REVIEWS
      • 863 24 NEW YORK A fortnight ago it was tnwihling, Now it is racing skyward*. St, what has caused the change in meed? FT WHAT do you call it when share prices tumble? Back in October 1987, it was known as a "crash". It certainly felt like
        FT  -  863 words
      • 383 24 LONDON AFP THE stock exchange ended a three-week run of losses last week, thanks mainly to an easing of fears of increased interest rates in the United States, dealers said. The FT-SE 100 Index of leading shares closed the week at
        AFP  -  383 words
      • 288 24 TOKYO Thintradiigas investors wait for itimnltting Iflldl AFP JAPANESE share prices fell during the week with the Nikkei Stock Average slipping below the 21,000 point level on fti-tures-led arbitrage selling in the absence of buying incentives, brokers said. "Market sentiment was worse than
        AFP  -  288 words
      • 857 24 +CJ AUSTRALIAN share prices surged 3.1 per cent over the week after a surprise cut in the official interest rate on Wednesday gave the market some much-needed direction. The Australian Stock Exchange's barometer, the All Ordinaries Index, ended the week at up 65.6 points on the previous
        857 words
      • 1441 24 Qpu* FRENCH stocky are expected to be mixed in the days ahead as investors, confident that inflation isn't accelerating in the world's largest economy, refocus on domestic concerns, including record-high unemployment. On Friday, the benchmark CAC 40 Index rose 13.51 points, or 0.67 per cent, to 2,023.41,
        1,441 words
      • 208 24 HONGKONG AFP Bloomberg Business Nem SHARE prices rose 2.4 per cent over the week to Friday as fears of short-term US interest rate hikes dissipated, dealers said. The Stock Exchange of Hongkong's key Hang Seng Index rose 256.40 points during the week to close
        AFP; Bloomberg Business Nem  -  208 words
    • KUALA LUMPUR STOCK MARKET
      • 6550 25 Bloomberg Business News nOwptrtihig ♦1101 MALAYSIAN stocks are expected to be little changed this week amid concern about an expected widening in the country's trade deficit. "It's going to trade sideways," said Tan Yan Heong, senior investment analyst at Kuala Lumpur Mutual Fund.
        Bloomberg Business News  -  6,550 words
    • WARRANTS & OPTIONS
      • 3588 26  -  WARRANT WATCH ~By\ R Sivanithy THE latest warrant to list here is that issued by liquid crystal maker Vikay Industrial, which made its debut on Sesdaq last week. The underlying stock, like Sesdaq in general, has been bashed recently to new lows which normally would make
        3,588 words
    • 1945 26 LM» MO 9M0 LalMl Mr Mr 09 Hal MC« PW> tw mm ummrn ut» rmm mm u» qm» cv m tmm MS JM ■»>000 MWIOl win 40 366 372 376 33 4.9 04 772 MLS M M at 9001 AM0090C 97 «1 3*40 103 ft! ffj N 43
      1,945 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1296 27 iHini vauk no* s —sS —rfB —wSS —4^ t S! Ink* (to* *09 4UM 2NMO iUM NUTI N**» MM U2» TIM tT.OU 2.301 MJM *ggg» ffm mm •7,404 mm ojjit mm J if Hs K5 KMM 22Ml *724 HAM CUM TOTAL M f ft 1 3—JL-JS mmitm S4 n n
        1,296 words
      • 4442 27 Or Or mm mi LMt V* *Mt List Ouata ON Mr W IM C# A«| l— ww ciw>nnr Sam room to* u» in* «—«r cv w $■< wm MBUSTRMiS tUA uftlfl 200 US* 2M MS 1250 AcarSOc USM7 *7 373 192 179 MS M6 5.0N 7.9 0.9 It*
        4,442 words
      • 916 27 Or «r H art 1904 tut Vat Waak Laa4 OMto Ik Ik W M Cm Av* MN> L— 4t»4 Ci—a«y roop) L— 4»yr 544ar Cw M g Wg MMM 249 194 4 2000 AMHMfa9c 170 -21 300 104 194 144 174 U IU OJ »*J 793 IM 90 72
        916 words
      • 894 28  -  wtm^Mwrni Extanal preasu-M km MMi, with W«H Stmt tauHag hack iatt the ilwli, fcrt Wi—tili bar* raaaia th« ium By R Sivanithy [SINGAPORE] This time last week, the local stock market teced a decidedly uncertain future the Straits Times
        894 words
      • Article, Illustration
        5 28  -  •m Shiv Taneja
        5 words
  • Page 17 Advertisements
    • 274 17 Listen to Your Eyes The latest from the best is here. EIZO introduces its newest 17" monitor, the TS7S. In newly designed cabinets, the TS7S has more new features to make it one of the best monitors around. -is J U I; Recommended Resolution 1280 x 1024 Screen Control Screen
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    • 633 17 If SINGAPOR^ECHNOLOGIESSHffBU^D^^^I I ENGINEERING LIMITED I (Incoipoiited in the Republic of Singapore) II THE DIRECTORS OF SINGAPORE TECHNOLOGIES SHIPBUILDING ENGINEERING I I LIMITED ADVISE THE FOLLOWING UNAUDITED RESULTS OF THE COMPANY AND THE II II GROUP FOR THE SIX MONTHS ENDED 3# JUNE 19H AS FOLLOWS: II I GROUP COMPANY
      633 words

  • Page 18 Advertisements
    • 1168 18 ©DBS BANK I THE DEVELOPMENT BANK OF SINGAPORE LTD R (Incorporated in the Republic of Singopore) l j To: Al Shareholders The Board of Directors of The Development Bank of Singapore Ltd wishes to make the following announcement: I i 1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE
      1,168 words
    • 93 18 i.IIUJIfJ:WPS!WM RESIDENTIAL SITE AT EJ I TANJONG RHU ROAD I -nwottoweod Accessible by PIE, dose to Parioway Parade and Marin* Parade Town Centra I Fort Rd i* 10-minute drive from Airport and Raffles Place h**B<*ooi J" Site Area of 15,125 sfapprox. TtKxiq Rhu Road Meyer Ad Freehold Potential to develop
      93 words

  • Page 19 Advertisements
    • 146 19 MAY" WE SU66EST A CHANGE W TASTE T Oysters on Ice/Mussels with Tantalizing sauce, Seafood Salad, Smoked Salmon, Shark's Fin with Crsbmeat Soup, Mongolian BBQ A much m0re....) i M zl Daring dinner from 5/8/96 till 9/8/96 for every 4 diners who cine at our Restaurant will receive ONE complimentary
      146 words
    • 321 19 y How can I make every minute of company time more productive?" *7 v «1t IOfM V. (Use Dataßoam.) and your clients more satisfied. TNT Express one the have already the productivity I of their fleet with Dataßoam's wHBESBS^^^^K customised solutions. Dataßoam, from Page Link, is a even t^me spent
      321 words

  • Page 20 Advertisements
    • 575 20 te > IN JOHOR BAHRU VARIETY IS TRULY THE SPICE OF LIFE Colourful shopping and refreshing beaches. Over a dozen golf courses and vibrant nightlife. And a variety of Asia's great cuisines to choose from. Diversity is the very essence of Johor Bahru. Just as the Holiday Inn Crowne Plaza,
      575 words
    • 130 20 TO ADVERTISE CALL TOLL-FREE 1888-741 1813 S^^^SHSHSSHSSHHHSSSSHSHSSSHSHSS1 4 notici NOTICE IS HEREBY GIVEN thai, I Kum Boon Kin Augustine of 3, Foo Kim Lin Rood 903-10 Cot Gordon Singapore *****9, ham appliod for a Wholesale Liquor Licence in respect of M/s Austral Pacific Trading ft* Lid located at No. 16
      130 words

  • Page 21 Advertisements
    • 325 21 Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. r Are you following doctors' orders? g You may be a Singaporean going overseas and m want to stay in touch with home. You may have SUDSCrU)€ HOW dtlA children studying overseas and
      325 words


  • Page 23 Advertisements
    • 113 23 rial cnt in 0 ry rith No I tor rhe itajr? 1 the irse Fh« issues YES! Send me 12 issues of ASIA 21 for 5559.33 (incl. of GST). For subscriptions A I save 40% off the cover price! advertisements to Cheque payable to PHP International (S) Pte Ltd enclosed.
      113 words


  • Page 25 Advertisements
    • 68 25 Please send In your entry form by 16 August 96 tX) MacPherson Road M They say, the way to a man's success is through his dressing... ESSE&o,,, Singapore 913 486 JESSL Find out how to dress effectively from the nMniißH^ THfCvsrouSHor 'SMB Man s image Seminar. I Namp venue: Raffles
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  • Page 26 Advertisements
    • 28 26 IWcQwa^ O.Y.L Sol#s Smvkm (S) Pto Ud T«l: 250 2966 (Sal«s) 258 8698 hodirw) McQuay Air Conditioning (S) Pt» Ud W: 356 6438 (Sabs) 258 5165 (S«vic« hoHine)
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  • Page 27 Advertisements

  • Page 28 Advertisements
    • 370 28 BUSINESS A olives i o \i»\iu i i n i ii< i i i sun isN I M f. NOTICE fjRjRcE IS HEREBY GIVEN that, I IVONG WEI KIT, JEFFREY of Blk 189 Pasir Ris Street 12 #08-62 Singapore *****9, have applied for a First Class Public House Licence 2n
      370 words
    • 303 28 NOTICI NOTICE IS HEREBY GIVEN that, I FRANCIS, WILLIAM BENSON of 880 Ynhun Street 81 103-263 Singapore *****0, have applied for a First Class Beer House Licence in respect of M/s Bumbu Indonesian Restaurant Cafe located at 442 Orchard Road #01-09/10 Orchard Hotel Shopping Arcade Singapore *****9, and that this
      303 words
    • 258 28 DfTHZMATTDOV THE COMPANIES ACT, CAP. 88 mom mnauHANSA MANAGEMENT PTE U* At m Satrawttoafy O—S Mwln mi Caapaay My imibW mi MM aa 29 My l*M *a MM| miliiiM waft tmtf piml. AS SPCCIAL RESOLUTIONS (I)THAT tka fea wmmi ll I S| I I I llaSa—a m<iXk) 9f tka Ca^-iai
      258 words
    • 245 28 m MATTT* or THI COMPANBS ACT, CAP. ft AND iFrrtMuntA sutmcs MANACEMCNT PTK LTD VaMMry NOTICE II RIUIY OfYi: tWt ik« n*m mt U ilwwiail Cifiij. «ki« I* Nh| wmm4 Tat—mtl] Irn ta —4 ta Mr JTt iMnmi mi paaiMan < Mr Mm m (Mm m tk iiHiliwi 0 my)
      245 words
    • 106 28 Home Decor For people who love their homes This announcement appears as a matter of record amy i-,-. Auguet 19M ¥vnmai VENTURE MANUFACTURING (SINGAPORE) LTD OncorporeM m N RepuMc of IHnpqinrs) RENOUNCEABLE RIGHTS ISSUE OP 35,491,836 NEW ORDINARY SHARES OF SSO.2S EACH IN THE CAPITAL OF VENTURE MANUFACTURING (SINGAPORE) LTD
      106 words
    • 120 28 NOTVCK NOTICE IS HEREBY GIVEN that, I WONG KONG WING THOMAS of 14-B Lorong Limau Singapore *****2, haw applied for a Ist ClaM Pubtoc House Licence in reepect of M/s Delifrance Singapore Pie Ltd located at Cafe Kiosk (Kiosk 2) outside Scotts Shopping Centre 6 Scotts Road Singapore *****9, and
      120 words
    • 12 28 «r MM IA. *r *i W hi riiiwasi- t A* OMHiUM til
      12 words