The Business Times, 16 November 1996

Microfilm: NL20739
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 SINGAPORE Internet" http://www.asial.coni.sg/biztimes WEEKEND EDITION, NOVEMBER 16-17,1996
    13 words
  • Article
    MARKET SUMMARY
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  • Article
    FINANCE
    52 1 wnrnmrnusm m U88 LMl I MM 1334 M< —MB tin YBN IN MM 1*7 W UN MM Htt 1» ft 181 MKT MM MM HJPIAHtM MM MM PJ5J__ 1M0 KoT u! T—PW W 8TDHgT, ;,r;v• MM 2SJ —-it» wWl MM s.7s u« LONDON JSM NBWTOtt a» •AMnetfllkakL "ft* (Source:
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  • Article, Illustration
    Changi Airport to get MRT link with new extension
    429 1  -  6.4 km extension to be completed by 2001 and estimated to costuptosBoom By( Christopher Tan [SINGAPORE] A new MRT line will link the current Tanah Merah station to Changi Airport Deputy Prime Minister Lee Hsien Loong announced yesterday. Speaking at the
    429 words
  • Article, Illustration
    Lock icon S'pore firms' US$720m Viet project hits snag
    259 1 Bloomberg Business News [HANOI] A lease disagreement between three Singapore companies and the Vietnamese government has stalled a US$72O million (Ssl billion) joint venture property development project in Vietnam. The Singapore partners are asking for a 70-year lease on about 5,000 hectares in
    Bloomberg Business News  -  259 words
  • Article
    S'poreans plunk down $700,000 each for Jakarta apartments
    402 1  -  Newly-liberalised property roles prompt strong foreign interest Prom, S N Vasuki in Jakarta AT LEAST 30 Singaporeans have forked out more than US$5OO,OOO (S$700,000) each for apartments in an upscale property project in Jakarta in the first wave of foreign property investments
    402 words
  • Article, Illustration
    Lock icon F&N may help Coke take on India
    530 1  -  Coke said to to kfwn to rope in F&N for USs7oom project By Lee Han Shih [SINGAPORE] The Fraser Neave (F&N) group, already one of Coca-Cola's key bottlers, could soon get a crack at selling Coke in the world's second largest consumer market
    FILE PHOTO  -  530 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      97 1 t "oi.' .^"-H;"'v-; .■-:<. ,A *">.- Brtirprfee 00 award, the conrtnictkm contractor to sgzzt: sr rmtimr.rg7 ppipj^j companies are boosting their land bonks ahead of the 1997 handover, Pg7 IMWriMTTT «Maqp>ndlu Mh mi**, this pg. Positive, and not Mm j MM 14 A, sui pdting a it combs to Probably
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      Page 1 Advertisements Column 2
      63 1 Tanagra 18 K gold, r bezel set with diamonds, I mechanical or electronic 9* 3 P*6p* l Joaillier en horlogerie j Roy Eastern Watch #01-86/88 Lucky Plaza 304 Orchard Road Singapore *****3. Tel: (65) 734 3139 #01-74 Lucky Plaza 304 Orchard Road Singapore *****3. Tel: (65) *****35 Deluxe Eastern Watch
      63 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      PAP unveils final batch of fresh faces for elections
      781 2  -  Last 3 new candidates bring total to 24, the largest number since 1984 By Chuang Peck Ming IT was hard for Berita Harian editor Zainul Abidin Rasheed to decline once more the invitation to stand as a People's Action Party candidate
      781 words
    • Article, Illustration
      Lock icon Performance finds buyers for WTO beemers
      280 2  -  Hy I Christopher Tan PERFORMANCE Motors, the Sime Singapore unit which distributes BMW cars here, has found 100 buyers for the 7series designated for the World Trade Organisation forum. Priced at $235,000 without certificates of entitlement (COE), the special 728 i luxury sedans are
      ARTHUR LEE  -  280 words
    • Article
      MobileLink to phase out analog network in 2000
      213 2 SINGAPORE Telecom's Mobile Link will phase out its analog ETACS mobile phone network in the year 2000. It has embarked on a programme to upgrade ETACS subscribers to the digital GSM or PCN networks over the next three years. There are currently
      213 words
    • Article
      PUB to spend $112m next year
      106 2 THE Public Utilities Board will spend $112 million next year, the bulk of it on water projects. The budget for water projects totalled $106.8 million, of which $75.5 million will be spent on the expansion and improvement of the water distribution network, PUB said
      106 words
    • Article
      Lucent to invest $10m in R&D centre here over next 5 years
      293 2  -  Centre to make S'pore communications software hob Toh Han Shih US TELEPHONE technology comjpany Lucent Technologies wilt invest $l0t»411ion in its regional research and development (R&D) centre in Singapore over the next five years. The investment will be
      293 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1156 2 BUSINESS Notices in \l>\ I KI IM < \l I H>l I -I Ul I 1 StH>-"41 INS* IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF RAKON BUSINESS SYSTEMS (S) PTE LTD (INCORPORATED IN THE REPUBLIC OF SINGAPORE) NOTICE OF RESOLUTION PURSUANT TO SECTION
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      Page 2 Advertisements Column 2
      28 2 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      325 2 THE WEATHER Singapore: Thundery showers in the afternoon. Temperature (32-23) CoM. Europe HVLo* Cond. America Hi/Lo* Comi. 2'" Viud > AinsfcTdMn «;»fi Vlbnta IM (Wh Sf T*T ,tal BummAuw 27 2»l tloudv E2£; iud > u7 «hii-atf.i UMfi Sfomm »W S«i» .».M Hm H>.m 4ulu 27 22 Skmm Bni»i Sta»m
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        728 3 Figures denote number of respondents Those polled for their views on next week's Singapore stock market outlook are: Alliance, Daiwa Securities, Deutsche-Mor-gan, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, OCBC Investment Research and SBC Warburg. Vwtwe Manufacturing (Buy below $2.60) OCBC Investment Research, Nov 14. $2.78
        728 words
      • Article, Illustration
        In My Opinion
        373 3  -  Foo Tian Onn First vice-president, chief representative Merrill Lynch Thailand 4T T 7 ILL the Nov 17 gen1/1/ eral elections offer a f f way out of the crisis of confidence which sent the Thai SET Index to a three-year low in October? Most pundits reckon that
        373 words
    • Article, Illustration
      Lock icon Strong market rally seen
      931 3  -  Charts show STII will surge after bouncing off the Michael Focused Support of 2,035 in October By] Michael Lim The writer is the president of the Singapore Technical Analysts and Traders Society, a position held since 1989. chuansen@singnet.com.sg [SINGAPORE] During the collapse of Barings Bank in
      Source: Michael Lim; ALLAN  -  931 words
    • Article
      The Great Singapore Sale is in Housing Board flats
      697 3  -  The Back of the ENVELOPE For first-time buyers, the effective price/income ratio is 2; average ratio is 5J> in other business dties By: David Goh The writer is a banking finance lecturer with the Nanyang Technological University. This fortnightly column covers
      697 words
    • Article
      Deja vu at Jakarta stock exchange
      564 3  -  EYE ON THE REGION: INDONESIA Analysts are gloomy about next year's prospects despite index's recent form From, S N Vasuki in Jakarta CALL it deja vu but this time last year, the Jakarta Stock Exchange Composite Index was languishing at around the 490-point level
      564 words
    • Article, Illustration
      Lock icon UK investors bet on Footsie crashing after a Labour win
      653 3 Stock index options trade of £lb leads way, counting on Footsie to fall 19% Bloomberg Business News [LONDON] UK investors are using stock index options to bet that a Labour Party victory in next year's general elections will send stocks
      Bloomberg Business News; REUTER  -  653 words
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  • REGION
    • Article, Illustration
      Lock icon Markets, business root for Democrat win in Thai polls
      480 4  -  BANGKOK Bat it is seen to be ina dose tussle with NAP to form new govt By\ Loh Hui Yin FINANCIAL markets and the business community here are rooting for the Democrat Party to form the next government but most analysts
      REUTER  -  480 words
    • Article
      Lock icon Canada to seal C$4.5b China nuclear plants deal
      274 4 OTTAWA Reuter CANADA will complete a mul-ti-billion dollar deal this month to build two nuclear power plants in China, government officials said on Thursday. The final pact will be signed during a visit to Shanghai by Prime Minister Jean Chretien. An agreement
      Reuter  -  274 words
    • Article
      Lock icon China banks punished for stock deals
      282 4 SHANGHAI Disciplinary action a waning to financial sector, say analysts Reuter CHINA has punished two state bank branches for illegal stock-related deals as a warning to the financial sector that non-securities firms must not dabble in share markets, analysts said yesterday. The official Xinhua
      Reuter  -  282 words
    • Article
      Lock icon More China judges accused of graft
      150 4 BEIJING AFP AN INCREASING number of Chinese judicial officials, including high-ranking judges, are perverting the course of justice by taking bribes and covering up criminal activities, an official newspaper said yesterday. "In recent years, the number of judicial personnel violating the law has been
      AFP  -  150 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1794 4 CITY FLIGHT ETA FLIGHT ETO Ahnthnhl 6AB90 OPO Fukuofca S0989 1730 SOW 0115 AMaWt S0230 1815 0F82 2050 tlltflH CZ351 2035 1 Of W30 j 1 Hanoi VN741 1310 S0176 1130 taw RjM7 QI30 S0I75 WW VN740 1410 AMI KL843 0550 GA890 0120 HatYai MI893 1415
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    • Article, Illustration
      Lock icon A short-cut to better ties?
      54 4 [SHANGHAI] Several Chinese soldiers giving free haircuts on Thursday on the sidewalk of Nanjing Road. Shanghai's main shopping thoroughfare. The Chinese Communist Party is currently leading a campaign for "spiritual civilisation where the authorities pay great attention to maintaining good relations between the armed forces
      REUTER  -  54 words
    • Article
      Lock icon Hashimoto may visit Asean
      105 4 TOKYO AFP JAPAN'S Prime Minister Ryutaro Hashimoto plans to visit about five nations of the sev-en-member Association of South-east Asian Nations (Asean) for about one week in mid-January, Kyodo News said yesterday. Kyodo, quoting government sources, said among the nations under consideration for his trip were
      AFP  -  105 words
    • Article
      Lock icon 14 weeks' jail for 44 Megawati supporters?
      140 4 JAKARTA Reuter INDONESIAN state prosecutors sought sentences of 14 weeks* jail for 44 supporters of ousted party leader Megawati Sukarnoputri on trial in connection with the July 27 riots in Jakarta, the Jakarta Post reported yesterday. Prosecutors asked during a Thursday hearing for
      Reuter  -  140 words
    • Article
      Lock icon Kedah to embark on M$30b reclamation project
      235 4 KUALA LUMPUR AFP MALAYSIA will embark on the world's largest reclamation project in the northern state of Kedah at a cost of Ms3o billion (5J16.6 billion), Kedah Chief Minister Sanusi Junid said The massive project will reclaim 32,000 hectares from the sea along
      AFP  -  235 words
    • ASIA Notes
      • Article
        Lock icon Russia's solution to islands row
        71 4 Reuter [TOKYO] Russia yesterday tried to break a decades-long deadlock with Japan over islands both claim by formally proposing they jointly develop their rich mineral and fishery resources. Russian Foreign Minister Yevgeny Primakov made the proposal in talks with Foreign Minister Yukihiko Ikeda, ministry officials
        Reuter  -  71 words
      • Article
        Lock icon Euthanasia law:case adjourned
        57 4 Reuter [CANBERRA] Australia's High Court yesterdayadjourned a court challenge to the country's world-first voluntary euthanasia law, effectively guaranteeing its operation until next year. Chief judge Frank Brennan said an application by a coalition of church, medical and aboriginal groups to challenge the law would not be considered
        Reuter  -  57 words
      • Article
        Lock icon UN summit names Li Peng as Taiwan PM
        70 4 AFP [ROME] Officials at the United Nations food summit in the city announced they were reprinting yesterday's programme since a mistake had been made they had listed Li Peng as premier of the Republic of China, which Taiwan calls itself. Officials said
        AFP  -  70 words
      • Article
        Lock icon Indonesia AG probe vocal NGOs
        58 4 AFP [JAKARTA] The Indonesian attorney general's office is investigating vocal non-government organisations (NGOs), including leading environmental, labour and legal groups often critical of Jakarta, the Kompas daily said here yesterday. "When the investigation is finished, then it will be known what the government will do,"the
        AFP  -  58 words
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  • REGION/WORLD
    • Article
      Lock icon Bankruptcy cases hit year's high in Japan
      201 5 TOKYO AFP THE number of corporate bankruptcies in Japan fell 2.5 per cent from a year earlier to 1,341 cases in October, but rose 20.4 per cent from the previous month, Teikoku Databank Ltd said yesterday. Despite the year-on-year-fall, the number of failures
      AFP  -  201 words
    • Article, Illustration
      Lock icon Tycoon Tung Chee-hwa looks set to become HK's chief executive
      633 5  -  HONGKONG He tops list with 206 votes in first leg of nomination process, ex-CTs next with 82 Fronv Quak Hiang Whai in Hongkong SHIPPING magnate Tung Chee-hwa looked set to become the first chief executive of the Hongkong Special Administrative
      FILE PHOTO  -  633 words
    • Article
      Lock icon Major progress in China's WTO bid, says EU
      370 5 BEIJING Breakthroughs also for EU insurers in Chinese market AFP EUROPEAN UNION Commissioner Leon Brittan announced here yesterday significant progress in China's bid to enter the World Trade Organisation (WTO), as well as breakthroughs for EU insurers in the Chinese market. Mr
      AFP  -  370 words
    • Article
      Lock icon Chun and Roh to be sentenced on Dec 16
      136 5 SEOUL AFP THE appeals court here yesterday set Dec 16 as the date for sentencing jailed ex-presi-dents Chun Doo Hwan, Roh Tae Woo and their 25 co-defen-dants appealing lower court sentences, a senior judge said. The court will hand down sentences
      AFP  -  136 words
    • Article, Illustration
      Lock icon A carrot for vegetarianism
      46 5 [ROME] A person dressed as a carrot parading the streets of Rome to promote vegetarianism as a means to combat world hunger on Thursday. World leaders have gathered for a five-day FAO (Food and Agriculture Organisation) World Food Summit in Rome. REUTER
      REUTER  -  46 words
    • Article
      Lock icon Tietmeyer sees economic rebound to go into 1997
      258 5 BONN Reuter, AFP BUNDESBANK president Hans Tietmeyer said on Thursday he expects Germany's inflation-free economic recovery to continue into 1997 and again signalled that he would welcome a small rise in the US dollar. Speaking to the foreign journalists' association in Bonn,
      Reuter,; AFP  -  258 words
    • Article
      Lock icon Warning of structural problems
      281 5 HONGKONG East Asia needs to address cause of slowdown: WEF head AFP WEAKENING economic growth is a warning to East Asia about the many structural problems it faces, the head of the World Economic Forum said here yesterday. Claude Smadja, managing director of the Davos, Switzer-land-based
      AFP  -  281 words
    • Article
      Lock icon American industrial output down 0.5% in October
      369 5 WASHINGTON Decline the first in seven months as strikes hit 6M plants Bloomberg Business News, AFX-Asia US INDUSTRIAL production dropped in October for the first time in seven months as strikes at General Motors plants curtailed car and truck output. Federal Reserve figures
      Bloomberg Business News,; AFX-Asia  -  369 words
    • Article
      Lock icon Clinton to put off naming most of cabinet till Jan
      199 5 WASHINGTON AFP DESPITE efforts to renew his administration as quickly as possible US President Bill Clinton will postpone most of his cabinet appointments until January, the White House said. "We started off, I think, a little too fast paced," White
      AFP  -  199 words
  • Page 5 Miscellaneous
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
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  • COMPANIES & MARKETS
    • Article
      HK property giants up land buys
      535 7  -  Bat developers now more cautions about predicting price movements for 1997 Fromi Quak Hiang Whai in Hongkong HONGKONG developers are boosting their landbank ahead of the handover to China next year despite concerns of an overheated residential property market. In the last few days,
      535 words
    • Article
      Lock icon MSCI won't raise index weighting of SingTel
      165 7 Bloomberg Business News [SINGAPORE] Morgan Stanley Capital International said it will not increase the weighting of Singapore Telecommunications, the state-controUed phone company, in its two Singapore indexes. Investors had speculated that an increase in the free float of Telecom shares through the sale
      Bloomberg Business News  -  165 words
    • Article
      Aztech waiting for QC advice
      246 7 [SINGAPORE] Aztech Systems said yesterday it will ask for its share suspension to be lifted after it receives an opinion from its Queen's Counsel regarding its potential liability from a suit won by rival Creative Technology. An announcement on this is expected "shortly", when the
      246 words
    • Article
      Thai stocks that flow with the political tide
      701 7  -  HOCK LOCK SIEW Loh Hui Yin THE price movements of some counters on the stock exchange make for interesting reading when there is a general election in Thailand as is the case tomorrow. They reflect the fortunes of political parties which they
      701 words
    • Article
      Scotts posts audited loss of $8.34m
      299 7  -  Group loss reflects $3J4m repayment by director-linked firms By< Conrad Raj [SINGAPORE] Scotts Holdings' audited accounts for the financial year to end-June 1996 show a group loss of $8.34 million, lower than the $11.45 mUlion announced before the figures were audited and reflecting the
      299 words
    • Article, Illustration
      Lock icon Hiap Seng Engineering aims for mainboard listing next year
      237 7  -  Construction contractor In Enterprise 50 list By Abdul Hadhi [SINGAPORE] Little-known Hiap Seng Engineering is aiming for a listing on the Stock Exchange of Singapore next year. Sources told BT yesterday that the construction contractor, which featured among the winners of
      ARTHUR LEE  -  237 words
    • REGIONAL COMPANIES
      • Article
        Citibank issues call warrants on HPL shares
        236 8  -  By\ R Sivanithy [SINGAPORE] Citibank yesterday announced it has issued 25 million call warrants on the shares of local hotelierdeveloper Hotel Properties Ltd its first such instrument in the Singapore market. Jonathan Wauton, Citibank's head of derivatives for Asia in Hongkong, confirmed that
        236 words
      • Article
        SIA-Tata venture to stay on hold until new law's ready
        376 8  -  Indian finanra secretary says new roles are expected to be ready next month w Vikram Khanna [SINGAPORE] The proposed joint venture between Singapore Airlines and India's Tata group to start an airline in India will have to remain on hold
        376 words
      • Article
        Amtek gets approval for listing of Malaysian subsidiary Kris
        237 8 Amtek's 63% stake will eventually be dilated to 39 J% [SINGAPORE] Locally-listed Amtek Engineering has received approval from the Securities Commission of Malaysia to list its 63 per cent owned Malaysian subsidiary, Kris Components Sdn Bhd. It said yesterday that after
        237 words
      • Article
        Wee Poh to launch IPO on Monday
        131 8 [SINGAPORE] Infrastructure firm Wee Poh Holdings will launch its Sesdaq initial public offer on Monday, the company said yesterday. Wee Poh, ranked one of Singapore's 50 most enterprising private companies, is raising money for local and overseas projects and to buy equipment. The
        131 words
      • Article, Illustration
        Singmarine ship ready for action
        63 8 (SINGAPOREJ Singmarine Industries Ltd, through its wholly owned subsidiary Singmarine Dockyard Engineering Pte Ltd, has completed and delivered this I,7oodwt supply training vessel to Lamnalco Ltd of the United Arab Emirates. The Lamnalco Kingfisher will be used to support offshore installations in the Arabian Gulf
        63 words
      • Article
        Globe Telecom up despite ouster from new PSE index
        309 8  -  Too early to declare drop from index a non-event: analysts Byi Al Labita in Manila LISTED Globe Telecom, a Singapore Telecom-Ayala Corp joint venture, brushed aside concerns over its ouster from Manila's new composite index and showed a 1.8 per cent
        309 words
      • Article
        The Sierra: soft launch a sell-out 18 units sold
        169 8 [SINGAPORE] Listed Koh Brothers Group has sold all 18 units reserved for the soft launch of The Sierra, its Holland Road apartment project. The units were sold for an average of $1,180 per sq ft during the soft-launch period, which began
        169 words
      • Article
        DBS Land preference shares terms
        198 8 (SINGAPORE] DBS Land said yesterday it will grant its underwriters an option to increase its proposed issue of 150,000 redeemable convertible cumulative preference shares of US$l,OOO each by 15 per cent to cover over-allot-ments. This means the amount that it will raise will be between
        198 words
      • Article
        Lock icon Tajudin denies selling his MAS stake
        156 8 AFP [KUALA LUMPUR] Malaysian tycoon Tajudin Ramli said yesterday he does not intend to divest his stakes in Technology Resources Industries Bhd (TRI) and Malaysian Airline System Bhd (MAS). Mr Tajudin dismissed speculation he was considering divesting his stake in national carrier MAS to
        AFP  -  156 words
      • COMPANY Briefs
        • Article
          Trading in Ipco shares suspended
          37 8 [SINGAPORE! Ipco International Ltd yesterday requested a suspension in the trading of its shares soon after 3 pm. The counter last traded 5 cents higher at 2.41, on volume of 103,000 shares.
          37 words
        • Article
          Ex-Creative exec sells 20,000 shares
          49 8 [SINGAPORE] Creative Technology said on Thursday that its substantial shareholder and former chief operating officer Chay Kwong Soon had sold 20,000 shares for US$ll5,OOO (S$160,000). This brings his shareholding in Creative to 12,839,470 shares, or 14.55 per cent of the company's issued share capital.
          49 words
        • Article
          New deputy chairman, MD at Teledata
          39 8 [SINGAPORE] Teledata Ltd said it had appointed managing director Tay Kim Hock as deputy chairman with effect from yesterday. Taking over from Mr Tay as managing director will be director Han Meng Siew.
          39 words
        • Article
          SMB to buy Johor company
          86 8 [SINGAPORE] SMB United Ltd said its subsidiary, SMB United Industries Sdn Bhd, has signed a conditional sale and purchase agreement to fully acquire Lavender Splendour Sdn Bhd for $5.1 million. Lavender owns three adjacent plots of land in Johor, on which three separate factories are
          86 words
        • Article
          JC-MPH Aussie unit's profit up 43%
          57 8 [SINGAPORE] Jack Chia-MPH yesterday said its Australian subsidiary, AVJennings Homes Ltd, had posted a 43 per cent rise in interim net profit of A 13.342 million (553.7 million) on a turnover of A 5160.964 million. Earnings per share were 1.71 Australian cents. An interim
          57 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon UK retailer acquires US credit rating agency for US$1.7b
        451 9 Great Universal Stores'purchase of Experian surprises market FT [LONDON] Great Universal Stores on Thursday added Experian, one of the biggest credit rating and information agencies in the US, to its mail order and Burberrys luxury goods empire in a US$l.7 billion
        FT  -  451 words
      • Article
        Lock icon KKR may bid for DFS Group: report
        133 9 Reuter [NEW YORK] Kohlberg Kravis Roberts Co is interested in making a bid for DFS Group Ltd, a duty-free retailer, the Wall Street Journal reported yesterday. The newspaper said Kohlberg had told the retailer's four controlling shareholders that it was interested in sub-
        Reuter  -  133 words
      • Article
        Lock icon New UK share system not in crisis: officials
        443 9 But April deadline fir fan switch to Crest settlement system will be reviewed Reuter [LONDON] Executives running the UK's new electronic share settlement system Crest on Thursday denied the system was in crisis but confirmed they will review the April deadline for
        Reuter  -  443 words
      • Article, Illustration
        Lock icon Honda profit soars; Mazda back on track
        500 9 Reuter [TOKYO] Honda Motor Co drove into the fast lane of profits yesterday, while Mazda Motor Corp got back on track, posting a modest profit for the half-year under the leadership of its new foreign boss. Honda, which has lately been shedding its
        Reuter; Source: Bloomberg  -  500 words
      • Article
        Lock icon North American strikes to cost GM US$700m
        161 9 Reuter [WASHINGTON] General Motors Corp said on Thursday that recent work stoppages at its North American plants will cut fourth-quarter earnings by US$7OO million (Ss9Bl million). In a quarterly report to the Securities and Exchange Commission, the world's largest automaker also said it
        Reuter  -  161 words
    • FINANCE & COMMODITIES
      • Article
        Taiwanese on edge over Simex starting Taipei futures index
        513 10  -  Taipei wants to block rival indexes before it introduces its own futures market By. Bruce Cheesman [TAIPEI] Taiwan futures traders, if given a crystal ball, would seek divine guidance to unlock one of the best kept secrets of the Singapore International
        513 words
      • Article
        Lock icon Russia to create telecoms giant, offer US$1b shares
        353 10 FT [LONDON] The Russian government and western investment banks led by N M Rothschild have devised a highly controversial scheme to fuse the country's two largest long-distance telecoms operators and then sell US$l billion (551.41 billion) worth of shares in the merged
        FT  -  353 words
      • Article, Illustration
        Lock icon Outlook uncertain for greenback
        425 10 USB/mark: The greenback took a beating early this week, falling to a low of 1.4888 before recovering strongly to 1.5118 by Thursday. The short-term technical picture is mixed at the moment with crucial resistance seen at the trendline joining the highs of Oct 17 and Nov
        Source: DBS Bank  -  425 words
      • Article
        Chinese Merchant Bank's US$22m FRCD
        257 10 Hie deal with 9 banks marks its debut in global capital market [SINGAPORE] Chinese Merchant Bank (CMB) from Shenzen has made its debut in the international capital market by raising US$22 million ($3l million) in the Asian dollar market through a floating rate negotiable certificate
        257 words
      • Article
        Nikko Bank opens first overseas office in S'pore
        232 10 [SINGAPORE] London-based Nikko Bank (UK) pic has set up a representative office in Singapore, its first and only operation outside the UK, senior bank officials said yesterday. Nikko Bank is whollyowned by Japanese securities giant Nikko Securities and, with assets of £2.5
        232 words
      • Article
        Lock icon Euroyen recovers from early dip
        240 10 a. Report Reuter (SINGAPORE) Simex Euroyen futures bounced back after dipping in early trade yesterday on fears of a Japanese interest rate hike. Both ends of the yield curve came under pressure from a report by a US consultancy, which said the Bank of Japan
        Reuter  -  240 words
      • Article
        Lock icon CURRENCY REPORT
        167 10 Reuter, AFP London THE dollar was steady against the mark and yen on benign US inflationary prospects but just above four-year lows against sterling as odds mounted in favour of higher UK interest rates. At 1436 GMT, dollar/mark stood at 1.5074 compared to 1.5089/99 on Thursday. Dollar/yen was
        Reuter,; AFP  -  167 words
      • Article
        Lock icon Refiners in Thailand unlikely to cut exports
        308 10 ENERGY REPORT Reuter [SINGAPORE] Thailand is not expected to cut its spot petroleum product exports even after the low demand monsoon season ends because refiners will raise output to take advantage of high international prices, sources said yesterday. Thai refiners lowered operating rates
        Reuter  -  308 words
      • Article, Illustration
        Untitled
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    • Article
      COMMODITY PRICES
      1706 11 S1C0M FOTPRBS Novl5 RUBBER (Mures dosing u at 5.30pm) RSS 1 CONTRACTS cwrtsAe) ClOM VotviM Open Month High Low Sttt (towns) Interest Dec 96 «0.50 950 Jan 97 183.75 182.25 183.75 350 850 Feb 97 185.75 184.00 185.25 475 1575 Mar 97 187.00 185.75 187.00 200 900 Apr/Jun
      1,706 words
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      WORLD STOCK MARKETS
      2286 11 LOHPOH Industrials ■ay IS Hw *h AB Ports 275.400 unch AOOry National 647 -2.200 Allied Domecq 454.400 -.600 Am«c 98 unch A«U Croup 119.400 1.400 BAT Ind 427 8.400 Btcc 284.400 unch BOC Group 837 -1 BR Petroleum 670 14 BTR 238.400 1.400 Bank of Scotland 277.400
      2,286 words
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      Lock icon TOKYO
      1653 11 Reuter Q Nikkei 226 -10U1 STOCKS closed lower yesterday, shedding gains posted early in the morning. Brokers said an unclear market direction, thin trade and position squaring ahead of the weekend weighed down the indices in the afternoon. The 225-share Nikkei Average fell 101.31 points to 20,929.73. Its December
      Reuter  -  1,653 words
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      Lock icon HONGKONG
      1609 12 AFX-Asia P Hang Seng -115.43 SHARE prices closed lower yesterday as investors took profit ahead of the weekend following record highs earlier in the week, dealers said. The Hang Seng Index closed down 115.43 points at 12,889.37. Turnover was HK57.97 billion. Dealers said the profit-tak-ing was widely expected and
      AFX-Asia  -  1,609 words
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      Lock icon CHINA
      631 12 Reuter 71 Shenzhen B Share Index -»2j58 THE Shenzhen B market ended sharply higher yesterday on buying triggered in part by talk that local securities regulators planned to take measures to support the market, brokers said. The B Index rose 2.58 points, or 2.9 per cent, to 91.17. Turnover
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  631 words
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      Lock icon TAIPEI
      400 12 AFP QWPlafcx -lilt SHARE prices finished 0.2 per cent lower yesterday as investors retreated to the sidelines. "Most investors declined to take initiatives due to the lack of fresh incentives," said a trader, "and foreign institutions sold off blue chips." The TSE Weighted Price Index fell 14.19 points to
      AFP  -  400 words
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      Lock icon JAKARTA
      754 12 AFP Composite Index +ISJ6 SHARE prices yesterday closed 2.7 per cent higher on the back of gains by blue chip stocks triggered by Wall Street's strong performance. "Anytime there appears to be a successful IPO on the horizon it always generates more interest in the market," said an analyst,
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      Lock icon BANGKOK
      851 12 AFP SET Into +10JI SHARE prices closed higher yesterday ahead of weekend elections expected to bring in a government more acceptable to the market, analysts said. "Investors were confident that the Democratic Party would come to power after Sunday's elections," said one analyst. "Players expect the interim government to
      AFP  -  851 words
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      Lock icon MANILA
      345 12 AFP C 3 Manila -&02 SHARE prices closed barely lower yesterday as players stayed away from the market. The PSE Composite Index eased just 0.02 point to 3,062.10. Turnover was 10.5 billion shares worth 2.9 billion pesos. Yesterday's index was arrived at after adjustments following the restructuring of the
      AFP  -  345 words
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      Lock icon SEOUL
      419 12 AFP rl Composite Index +7M SHARE prices closed higher yesterday, with second-line stocks attracting most buying interest, dealers said. The Composite Index rose 7.26 points to 750.29. Turnover was 23.0 million shares worth 367.5 billion won. Risers beat (alls 741 to 145. Blue chips were mostly higher, with Pohang
      AFP  -  419 words
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      Lock icon SYDNEY
      618 12 AFP H All Orfaariq *243 SHARES rose to a record close yesterday, spurred on by improving commodity prices and encouraged by a record-break-ing run on Wall Street. The All Ordinaries Index closed 24.8 points higher at 2,387.3. Turnover was 384.0 million shares worth A 5872.5 million. Resource giant BHP
      AFP  -  618 words
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      Lock icon WELLINGTON
      268 12 Reuter F1 Wellington *7.77 SHARE prices closed stronger yesterday helped by a rebound in Telecom which firmed eight cents to NZ57.55. The NZSE-40 Capital Index closed 7.77 points higher at 2,351.94. MS COM) ANZ Banking 8.20 0.02 ***** Adv*nt*g*s Hiaqj 1 25 unci) 1300 Air N*w Z»il*nd (A) 2.69
      Reuter  -  268 words
    • KUALA LUMPUR STOCK MARKET
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        Lock icon Late buying saves the day
        8404 13 AFX-Asia Fl Composite Index *2.73 SHARE prices closed little changed yesterday, rising off intra-day lows on late buying interest by local funds. The KLSE Composite Index closed up 2.73 points at 1,192.16. Turnover was 318.5 million shares worth M 52.50 billion. The Second Board Index
        AFX-Asia  -  8,404 words
    • WARRANTS & OPTIONS
      • Article
        Take your pick of two HPL wrts
        3926 14  -  WARRANT WATCH -By R Sivanithy CITIBANK'S issue of call warrants on Hotel Properties Ltd's shares is interesting, HPL has its own warrants in issue. A comparison of the two instruments is therefore in order, even though the call warrant hasn't been listed yet.
        3,926 words
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      CLOB INTERNATIONAL
      2363 14 MALAYSIAN STOCKS 1 'Win I MP l|NI TIMililPllllifflWilHlfl'lPliff'M Or Or 1990 laat Val Day Lot Outd Ml Mr YM IM M Cap Hm» L— ttna Cihwy fOOOl Mm> twr 8wyor «—r Or M la* 625 360 msSOOO A1S8S0C 410 Cd -2 2 412 410 402 420 5.0 4.9
      2,363 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1531 15 TURNOVER COOO) VALUE COOO) MlUl Clott Tfl M«ln C»> Trtd Industrial 86,703 6,693 93.396 213,399 13.673 227,072 Fuvtnc* 13,896 3.783 17.681 102.524 7.057 109,581 Ho»*ls 5.929 197 6.126 15.441 305 15.746 Prop«rtl*s 12.994 6.140 19,134 65.298 7,425 72.723 PUnUtton 1.803 1.803 5,347 5,347 Mining 410 410 1,114 1.114 BL* 30.672
        1,531 words
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        MAIN BOARD
        4855 15 Gr Gr M Nt 1996 Last Vol Day Lait Ouo»« Mv Otv YM Mat Ca» Avg High Lao StHo Company Sala 000) High Law Buyar iaWar Cw >/I W Wn INDUSTRIALS 5146 ASC NTS10 200. US- 1000 900 ASF US$0.***** US900 8as 900 214 165 1258 Ac*r50c US180
        4,855 words
      • Article
        SESDAQ
        997 15 I*** LMt Vat 0«Y Laat Ouat W* Mv YM Mat Cap Am H4«ft La* StMa Cinmy M fOOO) MN» Law Bayer Mh Cw P/I %Ht Ma tFTPftfl 289 135 2000 AMHMak 185 -J 45 188 185 183 185 3.0 M2 ai 115.6 82J 186 136 68 2049 AS Auto
        997 words
      • Article, Illustration
        HOT STOCK
        75 16 MALAYAN CREDIT closed yesterday at $2.56, up/bur cents on a volume of 2.6 million shares. Over the past few days the share price has shot up some 30 cents, and this has taken the price to about the same tetm as U was in June. Short-term punters should
        75 words
      • Article, Illustration
        STII manages small gain after roller-coaster session
        867 16  -  STOCK MARKET COMMENTARY Analysts say market is likely to consolidate next week after gaining 124 points in seven sessions bnt the undertone remains firm By R Sivanithy [SINGAPORE] What a roller-coaster ride it was on the stock market yesterday, with the Straits Times
        867 words
      • ON THE GRAPEVINE
        • Article
          IPO wrath
          117 16 FJ BENJAMIN'S IPO may have made a lot of people happy, but for those who applied for a large amount of shares, if s proving to be a frustrating experience. A furious investor who applied for more than 100 lots through the share financing scheme of a local
          117 words
        • Article
          Look 'east'
          114 16 ACCORDING to one source, the eastern Malaysian state of Sarawak is fast becoming a curiosity among foreign fund managers. Last week, his company took a group of British flind managers to visit some Sarawak-based companies. Next will be some Japanese, and then some Australian fUnd managers. Sarawak, among
          114 words
        • Article
          Banking on Indochina
          72 16 TAT LEE BANK plans to explore business opportunities in Indochina and the Philippines. Chairman Goh Eng Chew yesterday said the move is in line with the Singapore Government's regionallsation policy. Mr Goh was speaking at the official opening of the new Tat Lee Bank premises at Nine
          72 words
        • Article
          Minding one's money
          62 16 WHAT turns the folks at the accountant-general's office on? According to one source, the AG's office had asked for a lecture on personal finance, among others. One would think accountants would be experts in managing their own money. But it looks like managing one's own money might
          62 words
        • Article
          Lie low
          89 16 NO ONE likes to be ranked, especially so if the results are going to be made public. According to one source, a university project coordinator had approached 20 stockbroking companies for help with a project but, only four were willing to participate. We do not have full details
          89 words
        • Article
          When is butter not butter?
          164 16 IS IT a non-tar Iff barrier, a language problem or the way things are when hugvr bucks are at stake? A bunch of New Zealaft Dairy Board officers were arrested bytha£ UK Customs and Excise recently for "don a little more than trying to J!
          164 words
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      94 7 Fop those who need a good case to watch UO Mhwtes.' Here's your chance to WN one of three Samsonlte Focus Deluxe brief cases worth $585 each. a You'll watch it for the riveting interviews, the incisive investigations, the illuminating features and m wiV the top-class award-winning news correspondents. Now,
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      244 8 Take your pick of two HPL warrants, Page 14 THE MONETARY AUTHORITY OF SINGAPORE SINGAPORE GOVERNMENT '^M#ißiiSa#AXAßte BONDS TO THE PUBLIC AMOUNT OFFERED SGD2(X)MIO SGD2OOMK) SGD2OOMIO IS ISSUE CODE (ALL REOPENED) N*****1X N*****1N N*****0F ISSUE DATE 2 DECEMBER 1996 MATURITY DATE 1 JULY 1998 1 SEPTEMBER 2001 15 JUNE 2003
      244 words
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      347 9 THE BUSINESS TIMES LIFESTYLE EXCLUSIVE PicTiRE YoißSElf wiih tliese GolfiNq Greats at 1997 JohisiNiE WAIkER CUssic The seventh Johnnie Walker Classic will be held from 21 -26 January 1997 at Hope Island Golf Club on the stunning Gold Coast of Australia. You could be among Johnnie Walker's honoured guests. Battling
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      39 12 How to enhance your company profile? 111 I I 111 I Hill, fill I ,|<M' ,I I I I( l I HI" I!< lIKI 111 ,lIIJ I I J H|^B9gjß^HM|HE^HjH|Hiß9jj^HHHHMHttHfl I K? p>^]£*H»f*til'WmJWLllMl*l*wl> I^*i• *fij]i!(•]i T °,lfSMliffWLftjfji^yJilTyjCit VHP Wo/rf/zwj
      39 words
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      126 13 I Smml lO flr«« faxes today! ""T I I L Got an Internet account...try out Send e-mail to any place in I |J Asia One's Fax Mailer where you II continental United States from I can send e-maii MMM IMMAII SB anywhere in the world for s■ Av I direct
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      35 14 Tamil Murasu, the national Tamil newspaper is now sold in all NTUC Fairprice J outlets. I .mi iI 11! not ,m\ I .mill new s\i|Vi. but WW I ami! new sp^vr. Singapore Press f!iV Holdings
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      108 15 WE'RE A BANK OF KNOWLEDGE ON BIS UNIT TRUSTS T0 LEARN MORE JUST CALL Investing in unit trusts is a good way to diversify your portfolio. And nowhere will you find a greater body of knowledge about them than at Citibank. To find out about our full range of unit
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      26 15 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified Service
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      178 16 E' Mr' Wt S 1 Amy for a he Sheraton name is synonymous with J I I P review JL service sophistication. And now we are honoured to offer you the rare opportunity I|| II WmKm.l I to become a part of this proud tradition. Be a part of the
      178 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      To collect or not to collect?
      1791 17  -  COVER STORY Nowadays, it can be hard to separate what is valuable and worth keeping from cheap junk that will just clutter up your home, bbm mowwb has some tips for those thinking of starting a collection BEN MUNROE THE NEXT time you upgrade
      1,791 words
    • STRAWS In The Wind
      • Article
        View from abroad
        138 17 WANT to know what foreigners really think about Singaporeans? A Briton made a long distance call to someone in a local company, but he wasn't in, so he asked to leave a message. The operator immediately connected him to the person's voicemail, but the Briton thought he
        138 words
      • Article
        That's inspiration
        15 17 GUESS what one innovative tau hway stall in Tampines calls itself? "Mr Bean".
        15 words
      • Article
        Giving it her all
        59 17 SPEAKING of crossed lines, one jour- nalist called a PR girl to fax over Information about a golf seminar her company was organising. Instead, the girl faxed over her personal resume. When asked why, the girl replied simply: "Oh, I thought that's what you wanted." Uh,
        59 words
    • PROFILE
      • Article, Illustration
        Lock icon Vintage Wiley
        1594 18  -  Vineyard owner Bradford Wiley 11, who also heads America's oldest family-owned publishing firm, talks to habikhmbhta about the parallels between publishing books and growing grapes HARISH MEHTA THE MAN who heads America's oldest family-owned publishing firm does not just put bestsellers to bed. At this very moment, he
        ARTHUR LEE  -  1,594 words
      • Article, Illustration
        Seven generations in the business
        465 18 AMERICAN publisher John Wiley, who released the works of some of the greatest American writers, does not have copyright over their work, as such things were unheard of in the pioneering 1800s. These were literary stalwarts such as Edgar Allan Poe, Nathaniel Hawthorne and James
        465 words
    • COLLECTING
      • Article, Illustration
        Lock icon Hello dolly
        888 19  -  Not all girls outgrow their toys. Some, like Judy Lye, grow up to be avid collectors of antique dolls worth hundreds or even thousands of dollars. She tells aon hwbb ins what to look out for when choosing a designer doll GOH HWEE LENG Little girls like dolls.
        PHOTOS BY CHRIS LOH  -  888 words
    • Article, Illustration
      Large-scale manoeuvres
      550 20  -  CINEMA Make a movie date with Malcolm, Ah Bong, Kenny, Johari and Krishna as Army Daze hits the big screen By i Corinne Kerk IT'S finally here. Army Daze the feature film now joins Army Daze the book, the play and the comic adaptation to hit movie audiences
      550 words
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      Creating a hostage situation
      563 20  -  CINEMA With its tight pacing and strong performances, Ron Howard's Ransom looks all set to draw a captive audience By i Corinne Kerk IF YOU are the kind of person who judges a movie by its publicity posters, you'd probably not want to watch Ransom. They've
      563 words
    • Article, Illustration
      Lock icon Nutty but nice
      464 21  -  NIGHTSPOT Sip a cocktail and admire the sunset at Cocomo Place By A Surendren COCOMO Place is a nutty kind of hangout. Part Miami Vice and part neighbourhood kopitiam, it seems like a clash of styles, but funnily enough, the odd combination works. Chalk it up to
      CHRIS LOH  -  464 words
    • Article, Illustration
      WHAT'S ON
      386 21  -  Compiled by M Yasotha COMCERT A Vienna Evening In Singapore The highly-acclaimed Vienna Mozart Orchestra will be in town to perform popular extracts from Mozart's greatest masterpieces, alternating with delightful operatic arias and duets. The audience can also look forward to some ballroom dancing from professional Viennese dancers.
      386 words
    • EPICURE
      • Article, Illustration
        A great way to go native
        621 22  -  Good news for fans of Australian cuisine. Andrew Fielke from Adelaide's award-winning Red Ochre Grill is in town, turning Aboriginal basics into trendy, upmarket dishes, jaimb be savours the results JAIME EE Think of Australian cuisine and the immediate image that comes to mind
        621 words
      • Article, Illustration
        Gourmet event
        353 22  -  FOOD AND WINE By i Corinne Kerk THOSE of you who enjoyed Rallies Hotel's Wine Food Experience last year will no doubt look forward to its second run this year. To be held from Nov 21 to 24, this annual event will gather international Michelin star chefs, award-winning
        353 words
    • Article, Illustration
      CINEMA
      1119 23 Army Dase. Screen version of Michael Chiang's book and play about five army recruits from varying backgrounds. Cathay: 5.15; 12; 2am. Yishun: 5; 12; 2am. Bishan: 5; 11.50. Pavilion: 5.30; 11.45. Tiong Bahru: 5.20; 11.25. Boon Lay: 5.20; 11.40. GV Marina: 4; 11.15. Tampines: 5.15; 9.15; 11.15. Mandarin: 5.15;
      1,119 words
    • TRAVEL
      • Article, Illustration
        Lock icon All wrapped up in Spain
        1649 24  -  Shower curtains in Spain can come as quite a shock to the uninitiated. Between wrestling bouts with the intractable pieces of material, khvdt sullivax surfaces to take in the sights and sounds of Madrid, Seville and Granada KEVIN SULLIVAN Among Spain's many diverting peculiarities are
        THE PURCELL TEAM  -  1,649 words
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      5 17 Collecting Hello dolly EL 3
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      129 17 Travel au wrapped EL 8 X r f i X CRAB DINNERS $19.50 (SO NO ONE FEELS THE PINCH). Capers is delighted to announce the third in its series of specialty restaurant promotions with Northwest Airlines. From Nov. 17th-24th, we'll be flying in chefs from the renowned Shaw's Crab House
      129 words
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      66 19 Sing'lost fffffiai" ma^i London S BysiNEcc! fj vj ft I I funds*"* I I pro Pe"y sector 1I Amtek I 1 —IL I growth stakes I En 9'neerrno f MflfJM 1 I Jll j Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7
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      131 20 SINGAPORE BUSINESS To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quickstock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period □12 months 6 months Q 3 months at S $60.00
      131 words
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      187 20 A mr 'z 1 <*>• JV, <? r 4tr Special Features m favi C 1" yVi /I C 1116 Sunda y Times -1.8 &15 December >Y Lianhe Zaobao -14 December Lianhe Wanbao -29 November, 11 December A j f*'! SI Shin Min Daily News -6 &13 December £S The New
      187 words
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      682 21 Cocomo Place, 16/18Jalan Klapa Singapore *****8, Tel: 299-0188 Showing at Bugis, Cathay, GVcinemas Where to wine, dine and entertain r- MEET OUR 4 HEAVENLY KINGS Ice Kachang (Voted: our most popular) Chendol (Voted our most refreshing) Bubur Cha Cha (Voted: our hottest) Cheng Tng (Voted: our coolest) Only at Cafe
      682 words
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      Page 21 Advertisements Column 2
      88 21 a 1 The RiftftEQT At The Neptune on Shenton Way Dian Xin/Lunch #< 1 j 11.30am-2.30pm N ®4fl 7TH FLOOR. OVERSEAS UNION HOUSE. j The Best of Local Hawker Fare Inder One Roof 1 30 November (Mfi Indulge in a feast of authentic hawker food which includes Hainanese Chicken Rice,
      88 words
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      70 22 Harbour Grill Restaurant Hilton International Singapore 581 Orchard Road Singapore23BBB3 Tel 737-2233 AT TIMES, EVEN AN MG DRIVER WOULD APPRECIATE A ROOF OVER HIS HEAD. fM 1 1 IT LIVES dis.ippt >■ fast Roof and all. OffcrvahdforallMGFsordcrcd GET A FREE HARDTOP Iff A. J. LOOK OUT FOR THE MGf AT
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      12 22 Call Raffles Hotel for a complete list of events. Tel: *****860r *****12.
      12 words
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  • Page 23 Miscellaneous
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      Page 23 Miscellaneous Column 1
      1955 23 TODAY'S TV i U PM Ketchup Vampires. ILOO AM TV Innovations. SinrcVaufm LOO PM Golf: APGA 96. JSo WHl^f 2.00 1996 ATP Tour Highlight too Aksi Mat Yoyo t ,X, 4JO Ultraman Taro. Jenms World. BJO Prime 12din Udhaya g r i m. iKI Tharagai (Tamil Talen 4.00 Futbol Mundial.
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    • Miscellaneous
      Page 23 Miscellaneous Column 2
      230 23 RADIO A Orw History Of The all her material needs, can't Planet, BSC, Sunday, 7.30 am understand why. What is Consequences looks at how the wrong with their marriage? short-sighted use of man-made Sudha Bhuchar is Amar and chemicals can cause Riz AbbasiisJas. unexpected damage. w rrc Talking Sport, BBC,
      230 words
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      60 24 TAP INTO THE NEW TRADEWINDS ACCOMMODATION 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 to
      60 words
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      10 24 For Eurobuilding reservations, call Summit International Hotels, Singapore, at 336-1221
      10 words