The Business Times, 30 November 1996

Total Pages: 28
1 28 The Business Times
  • 16 1 THE BUSINESS TIMES MITA (P) 046^12/95 >5? SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, NOVEMBER 30 DECEMBER 1,1996
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  • 532 1  -  SPH and partners plan to take advantage of plot ratio of SLI to build 14-storey addition Reports by Lilian Ang, Michelle Low [SINGAPORE] A Singapore Press Holdings-led consortium has clinched the prime Orchard Road shopping complex, Paragon by Sogo, for $682.3 million. The deal
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  • 551 1 Chairman says the group may hive off property holdings at a later stage [SINGAPORE] Singapore Press Holdings (SPH) aims to build up a large portfolio of quality properties which it may eventually hive off as a separate property arm. The media
    551 words
  • 375 1  -  Bonanza follows 32% jump in revenue for securities firms From Neil Behrmann in London STOCKBROKERS in the City of London have it made. They are getting a record £315 million (***** million) in bonuses for the year to June, up from £216 million
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  • 666 1  -  Group confident of achieving double-digit earnings growth for the full year Byi Genevieve Cua [SINGAPORE] Singapore Telecom yesterday announced a strong 13.6 per cent rise in interim net earnings to $844 million, and said it was confident of achieving double-digit growth for the
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  • Page 1 Advertisements
    • 89 1 lIIMUB DespitTfaaarf s exit from Singapore, other valueretaikrs remain thirty optimistic about their prMjecti, BU MHWgTAUB d qmMtf fnprUm, this pg. Promising. Ja*lita*rtoi|nftt, this pg. Rate cuts have tnrnedoutiobeno big deal. THI pMts TJft ynflt ftJL,pg 7. Analysts could not have forecast that profit margins would widen so considerably. mMk
      89 words
    • 64 1 7> tJ v^'^lisls The new Alfred Dunhill Golf Collection. Indispensable for the serious golfer. Alfred Dunhill brings you an exciting evening of golf with the ll' /996 Alfred Dunhill Masters on Premiere 12 tonight at 10 pm. r Visit Alfred Dunhill at Raffles Hotel Arcode, The Paragon, Ngee Ann City,
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  • SINGAPORE AT HOME & ABROAD
    • 326 2  -  He is the first Asian to take over the PS-Canadian division By] Raju Chellam US GIANT Motorola has appointed Singaporean Jay Chung to head its North America paging subscriber division, making him the first Asian to be appointed to such a
      326 words
    • 329 2  -  It will offer new facilities, services to boost productivity in motor industry By. Audrey Tan THE government will transform Sembawang Wharves into a logistics centre by encouraging value-added services, the Minister for Communications, Mah Bow Tan, said yesterday. And to kickstart this, Sembawang Wharves,
      ALI YUSOFF/ ST  -  329 words
    • 236 2  -  By\ Soh Tiang Keng THE Singapore office of international insurance brokers Heath Hudig Langeveldt has been thrown into disarray by staff resignations and the laying off of its managing director, Eddie Chua. During the past month, about 20 of the 30-strong staff in
      236 words
    • 478 2  -  Entertainment ffwp latest to hop oo coffee culture bandwagpn By Jenny Lam HOMEGROWN entertain-ment-based group Sunvic is the latest company banking on the seemingly lucrative coffee culture here. It is planning to invest over $15 million to set up a
      SIEW YAW HOONG  -  478 words
    • 107 2 ST ELECTRONIC Engineering an electronics systems integrator signed a memorandum of understanding with the Economic Development Board yesterday to improve the efficiency of local product vendors. ST E&E, through the EDBsponsored Local Industry Upgrading Programme (LIUP), will also help electronics vendors in
      107 words
    • 382 2  -  By\ Shiv Taneja UNITED Overseas Bank is taking a further step in enhancing its electronic banking services with tomorrow's launch of Bank 121, a new round-the-clock phone banking service. Customers of Bank 121 (pronounced Bank one-to-one) will be able to transact banking operations at
      382 words
    • 232 2 GERMAN electrical and electronics giant Siemens AG plans to boost its presence in the Asia-Pacific market to tap the booming demand for infrastructure projects in the region. As part of this plan, it will almost double the number of employees from the current
      232 words
    • 232 2  -  From Yang Razali Kassim in Jakarta SINGAPORE will be submitting a proposal to Hanoi to train personnel to run industrial parks in Vietnam. The proposal, which will also include the possibility of a technical institute, will be made by Prime Minister Goh Chok Tong
      232 words
  • Page 2 Miscellaneous
    • 434 2 TUB WEATHER Stngaporee Showers in the afternoon and early evening. Temperature (32-24) iMMb HVL»* Cool Eur»pi HVLo* Good. America HVLo* Coot Auckland 22/14 (loud) 4—fit— 09.1)6 Cloudy Atlanta 11/01 Sumy Bangkok 12/22 Sfctwwn Afcm UvV? (loriv Buenos Airw 2JHS (loud) »-4 Cloudy Bftta 06.01 (loud) fhrago <tt-4 Cloudy Boabcv XL'S
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 674 3 Those polled for their views on next week's Singapore stock market outlook are: Alliance Securities, Daiwa Securities, Deut-sche-Morgan, Fraser, GK Goh, ING Barings, OCBC Investment Research, Phillip, WI Carr. Advance Systems Automation ♦(Bay) DBS Investment Research, Nov 29, $1.39 Its first-half results were above expectations. We have
        674 words
      • Article, Illustration
        389 3  -  Daisy Chee director, equities GK Goh Indonesia IMES have not been I easy for Indonesian X banks, with adverse publicity over the past year highlighting the fragility of the system. We have seen the run on Lippobank; fraud episodes at Panin Bank and the Jakarta branch of
        389 words
    • 1138 3  -  Smith Barney's market guru finds monetary and fiscal setting just right for the Dow to continue short-term ascent Reports by, Lee Yoke Har [SINGAPORE] WALL Street may be showing signs of tiring but there is no imminent threat of a crash, says US
      ARTHUR LEE  -  1,138 words
    • 622 3 [SINGAPORE] Investors can still buy some US companies, which offer not only high growth but are the best in the world in what they do, at valuations that are not excessive, said Smith Barney's portfolio strategist Marshall AcufT. He said despite fears that
      622 words
    • 862 3  -  The Back of the ENVELOPE They are helped by subsidies on direct sale flats and on loans for resale units ny. David Goh The writer is a lecturer (banking finance division) at Nanyang Technological University. This fortnightly column covers both
      862 words
    • 266 3  -  Tay Boon Sun for Secretary Housing and Development Board WE REFER to the article of Nov 16 entitled The Great Singapore Sale is in Housing Board flats, written by David Goh. We wish to clarify that the $40,000 to $50,000 CPF housing grant is
      266 words
    • 101 3 Our writer, David Goh, replies: I apologise for the error. I have reworked the numbers based on a five-room flat's posted price of $197,000 (rather than the wrong post-subsidy price of $157,000) to ascertain the value of the HDB's financing subsidy. On a mortgage of $157,600 (80 per
      101 words
  • Page 3 Advertisements
    • 22 3 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call C.A.T.S. at 1800-737"1166 for this free service. Another CtoMOed Swvtee
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  • REGION
    • 507 4  -  BANGKOK Paced with weak data, pvt to relax Mattery policy and focus ob fiscal policy By\ Loh Hui Yin PRIME Minister Chavalit Yongchaiyudh's cabinet, which was announced officially yesterday, takes office amid A weak economic backdrop in Thailand, and possible friction among members
      507 words
    • 244 4 BEIJING AFP A CLOSE associate of China's paramount leader Deng Xiaoping blocked a graft probe aimed at the associate's son which resulted in the execution of a third party, according to Chinese sources and the official media yesterday. The official
      AFP  -  244 words
    • 1750 4 pn flWHT ETA FU6HT ETD s*mM ma aw ww 0120 '■i'*" "*****35 MMaMa SO230 166 0F82 2050 Han °l VH741 1310 S0176 1130 <MW MO ***** 1910 VN740 1410 ftMM VngT 0130 Hat Yal MI893 1415 TG408 0820 I—— njowTawTdgo 7 2,20 JgJ jg® X2S 0700
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    • 601 4  -  IST DVFO&MAL ASSAM SUMMIT, JAKARTA Them Include acnnomlc vision., wiu meeting, East Timor and Mvanmar By Yang Razali Kassim FOUR core issues are expected to dominate a statement by host Indonesia to mark the end of the first informal summit of Asean
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    • 54 4 [KUALA LUMPUR] Six-year-old Ng Ann Sha (right) peeping through a cut-out of a deep-sea diver during her visit to the newly opened National Science Centre here yesterday. The 6,717-square metre centre has incorporated Malaysia's rich culture in its displays and is designed with a mission
      REUTER  -  54 words
    • 381 4 KUALA LUMPUR Chik given No 3 party post; no cabinet reshuffle AFP MALAYSIAN Prime Minister Mahathir Mohamad has dropped Information Minister Mohamed Rahmat as secre-tary-general of his ruling party in changes seen by analysts yesterday as reinforcing the premier's grip on the party. In
      AFP  -  381 words
    • 496 4  -  UTITUU FROM BEIJING China's new policy conld create property tycoons to match HK's Peter Seidlitz CHINA'S new rich and growing middle class and their demand for better housing is spawning a whole new property boom that could create new property tycoons to match those in
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    • 552 5  -  TAIPEI Stocks worth over USsl2.sb seen to be absorbed into stock exchange by 2001 By] Bruce Cheesman A GOVERNMENT think-tank has finalised its privatisation plan for more than 104 staterun companies with combined assets of more than US$6lB billion (*****.2 billion).
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    • 396 5  -  TOKYO Securities house sees corporate profits rising significantly By. Anthony Rowley REFLECTING the growing sense of urgency in Japan over the need to deregulate the nation's financial markets, the official Securities and Exchange Council (SEC) yesterday issued an interim report proposing
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    • 367 5 NEW DELHI AFP CHINA signed a far-reaching pact with India here yesterday to slash troops and armaments on their disputed border before assuring its Asian neighbour it would not sell nuclear weapons or technology to arch-rival Pakistan. The border deal between China and India,
      AFP  -  367 words

  • Page 5 Advertisements
    • 78 5 M =t I ow% ratula tio ns 0 I MR. SUDONO SALIM I (MR. HEM SIOE LIONG) I CHAIRMAN OF I SALIM GROUP I ON BEING CONFERRED I THE DEAN'S MEDAL AWARD I Wharton School of Business, University of Pennsylvania, USA I 15 November 1996 I FROM I THE MANAGEMENT
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  • THE WORLD
    • 397 6 GENEVA Labour standards, investment and competition policy block declaration Reuter ENVOYS to the World Trade Organisation yesterday dropped efforts to complete the text of a declaration on global commerce up to the year 2000 to be issued by ministers at a key
      Reuter  -  397 words
    • 232 6 WASHINGTON Strong job market, stocks rally seen boosting holiday sales Bloomberg Business News AMERICANS spent more ahead of the busiest shopping season, even though their pay cheques barely budged last month, the Commerce Department said yesterday. Consumer spending increased
      Bloomberg Business News  -  232 words
    • 37 6 [ZURICH] A Lesser Panda climbs on a snow-covered tree branch in hiscageon Thursday in Zurich's zoo shortly after a winter storm. Zurich was covered with 14 cm of snow during the earlier storm. REUTER
      REUTER  -  37 words
    • 236 6 LONDON Bloomberg Business News THE British pound rose above 2.58 deutschemarks for the first time in 33 months amid expectations UK interest rates will be raised again soon. "Sterling just keeps going north," said Peter von Maydell, First National Bank of Chicago's currency strategist. "People are
      Bloomberg Business News  -  236 words
    • 224 6 BONN Total public deficit on coarse for IS% of GDP, below EU limit Reuter GERMANY'S lower house of parliament yesterday passed Finance Minister Theo Waigel's 1997 budget into law, putting Germany on course to qualify for European economic and monetary union (EMU).
      Reuter  -  224 words
    • 178 6 PARIS Reuter STRIKING French truck drivers met employers yesterday to sign deals on some of their demands and union leaders said they were keen to end the 12-day-old stoppage provided the government stepped in. Prime Minister Alain Juppe urged a fast solution, cautioning that
      Reuter  -  178 words
  • Page 6 Advertisements
    • 1524 6 BUSINESS Notices l() VI)VIKI,SK( Al 1 mll Fml |s,m| 741 |ss< /^Auctioneers IULERUM AUCTION IN SINGAPORE OI<J 8 DECEMBER 1996 PICTURES OF INDONESIAN AND SINGAPOREAN INTEREST, CHINESE PORCELAIN AND WORKS OF ART, CLOCKS, SILVER AND JEWELLERY Auction on Sunday 8 December 1996 at 10.30 and 14.30 precisely at the SHANGRMA
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    • 404 6 In the Matter of The Companies Act Cap SO And In the Matter of WEST OVERSEAS COMPANY PTE LTD (In Voluntary Liquidation) SHAREHOLDERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of the shareholders of West Oveneas Company Pie Ltd duly convened and held at SO Jalan Sultan *11-07 Jalan Sultan
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  • Page 6 Miscellaneous

  • COMPANIES & MARKETS
    • 308 7  -  Turnover lower than expected because various new projects have just started, says company By\ R Sivanithy [SINGAPORE] Infrastructure firm and power plant operator Van der Horst Ltd yesterday reported a 7.5 per cent increase in profit to $52.6 million for the
      308 words
    • 421 7  -  Decision will speed up planned injection of marine businesses into Jurong Shipyard By Lee Han Shih [SINGAPORE] Sembawang Corporation will not include the potential liabilities arising from the Solitaire project in the marine businesses which it plans to pump into listed associate
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    • 669 7  -  HOCK LOCK SIEW Lee Han Shih A NUMBER of questions have been raised by the planned injection by Sembawang Corporation of its marine interests into listed associate Jurong Shipyard. For Jurong shareholders, the key issues are the timing and pricing
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    • 401 7  -  But Aztech sources believe the bill will amonnt to less By Conrad Raj [SINGAPORE] Aztech Systems may have to pay as much as $5 million to settle the legal and trial costs of the copyright infringement suit brought against it by archrival Creative Technology. The
      401 words
    • 232 7  -  By, Jenny Lam [SINGAPORE] Property and retail group Metro Holdings has returned to the black with an interim profit of nearly $2.47 million for the six months ended Sep 30, against a $1.12 million loss in the same period last year. Despite the current
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    • 255 7 [SINGAPORE] More than a third of Wee Poh's keenly sought-after public shares will go to investors who applied for up to 9,000 shares. The infrastructure construction company, which will be listed on Sesdaq, is allocating 36.77 per cent of 18.6 million shares offered
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    • REGIONAL COMPANIES
      • 464 8  -  Analysts had expected growth in profits, but higher taxes and minority interests ate into bottomline FYom Ruth Wong in Kuala Lumpur HIGHLY diversified Malaysian Resources Corporation Bhd (MRCB) yesterday posted a surprising 15 per cent drop in group earnings to M 555.6 million
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      • 374 8 AFP [KUALA LUMPUR] Malay-sian-based Promet Bhd announced yesterday it is acquiring a strategic 32.9 per cent stake in marine engineering group Westmont Industries Bhd for M 5498.4 million (*****.6 million). Promet said it entered into an agreement yesterday to acquire 76.68
        AFP  -  374 words
      • 310 8 AFP [KUALA LUMPUR] Malaysia's main highway builder United Engineers (M) Bhd said yesterday that pre-tax profit rose 69 per cent from a year earlier to M 5457.17 million (*****.7 million) in the nine months to September. Turnover rose 97 per cent to M 52.35
        AFP  -  310 words
      • 183 8 FT [HONGKONG] A disgruntled computer technician at Reuters in Hongkong has caused the financial information provider deep embarrassment by sabotaging the dealing room systems of five of the company's investment bank clients. The attack crippled for up to 36 hours the computer systems delivering
        FT  -  183 words
      • 240 8  -  From, Al Labita in Manila AYALA Land Inc (ALI) said yesterday it was still "studying the terms" of joining the 26-billion peso (Ssl.4 billion) Manila bay reclamation project undertaken by a unit of Hongkong's Guoco Group. It was clarifying press reports that it had joined
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      • 420 8  -  Mid-December rise to be close to 3%, the suggested percentage by lata By Ang Wan May [SINGAPORE] Singapore Airlines yesterday confirmed it is raising international passenger air fares in the middle of next month, taking its cue from other airlines. The confirmation came from
        Source:  -  420 words
      • 56 8 [HONGKONG] Sega's general counsel Kiichi Nishikura showing illegal copies of their software after a joint press conference by Sega Enterprises, Sony Computer Entertainment and Koei Co here on Thursday. The manufacturers have served 43 writs in the largest civil strike against distributors and retailers for selling
        AFP  -  56 words
      • COMPANY Briefs
        • 89 8 (SINGAPORE) Main board-listed stationery maker Nippecraft recorded a 9 per cent rise in operating profit before interest, depreciation and extraordinary items to $3.7 million for the six months ended Sep 30. After depreciation, interest and exceptional items, it incurred an operating loss of $4.6 million
          89 words
        • 51 8 Bernama [KUALA LUMPUR] Datuk Keramat Holdings doubled its group pre-tax profit to M 5496.29 million (***** million) for the six months ended July 31. At the company level, pre-tax profit edged up marginally to M 59.55 million from M 59.48 million. No dividend was recommended.
          Bernama  -  51 words
        • 33 8 [SINGAPORE] Chairman and chief executive officer of Carnaud Metal box William Henry Voss has resigned from the company's audit committee. He has been replaced by Khong Heng Kin.
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        • 29 8 [SINGAPORE] Director and substantial shareholder of Singatronics Eddie Foo Chik Kin bought 1.8 million shares in the company at 65.05 cents per share yesterday.
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      • 214 8 Bernama [KUALA LUMPUR] Repco Holdings Berhad was charged in the Sessions Court here yesterday with making a misleading statement that could influence people to buy or sell shares of the company. The share securities company, represented by its senior manager Huang Tek Hooi, pleaded not
        Bernama  -  214 words
      • 94 8 Bloomberg Business News [HONGKONG] Star Television Ltd and ESPN will move the headquarters of their Asian sports broadcasting joint venture to Singapore from Hongkong before the colony's return to China, the two companies said in a statement. Star, part of Rupert Mur-
        Bloomberg Business News  -  94 words
      • 119 8 Bernama [KUALA LUMPUR] Berjaya Capital Bhd's subsidiary, Inter-Pa-cific Capital Sdn Bhd, is to sell its wholly-owned Penang-based securities firm, United Traders Securities Sdn Bhd, for Ms2so million (*****.7 million). Berjaya, which owns 89.4 per cent of Inter-Pacific, said the proceeds derived from the
        Bernama  -  119 words
      • 340 8 Bloomberg Business News [KUALA LUMPUR] Malayan Banking Bhd and Rashid Hussain Bhd shares are expected to rise on Monday on the conclusion of their bank-sale agreement, as investors get to trade in them for the first time in more than a month. "I expect Maybank
        Bloomberg Business News  -  340 words
      • 205 8  -  Philippines Racing Club wants to swap real estate for shares From Al Labita in Manila A LISTED unit of Malaysia's Multi-Purpose Holdings Bhd is spinning off its real estate properties for a possible share swap with another publiclyheld company. The Philippines Racing Club (PRC)
        205 words
    • INTERNATIONAL COMPANIES
      • 528 9 They are concerned Bre-X may be treated unfairly in pact on Busang gold deposit Reuter [TORONTO] Shareholders are troubled about negotiations between Barrick Gold Corp and Bre-X Minerals Ltd over the huge Busang gold deposit in Indonesia. Some Bre-X shareholders are concerned they
        Reuter  -  528 words
      • 82 9 [BEIJING] A sales girl keeping an eye on boxed Disney characters for sale in a licensed central Beijing store yesterday. China has suggested that the Walt Disney Company is wrong to sing the praises of Tibet's exiled spiritual leader, the Dalai Lama, in a film being backed
        REUTER  -  82 words
      • 145 9 AFP [TOKYO] The Japanese unit of McDonald's Corp said yesterday it will open fast food shops at about half of Nippon Oil Co Ltd's 10,000 service stations across Japan by 2006. Nippon Oil, Japan's largest oil distributor, requested the tie-up to attract more
        AFP  -  145 words
      • 343 9 FT [LONDON] British Gas disappointed the market on Thursday as it announced a £294 million (***** million) provision against potential losses on long-term supply contracts. The charges deepened net losses to £364 million on a historic cost basis in the third quarter, compared with
        FT  -  343 words
      • 216 9 Bloomberg Business News [EINDHOVEN, Netherlands] Philips Electronics NV said it is to shake up its Western European television operations, at the cost of 1,400 jobs. The world's third-largest electronics maker said it will close one plant in Italy and concentrate its television development and
        Bloomberg Business News  -  216 words
    • SHIPS IN PORT
      • 729 9 UHtf ¥«y Mo Bert* tirM Departure UU Tarunag 9 J05 alongside 29.11/100 Andre Dtlmas 106W J06 atongsidt 30.11/1400 Bao Xiaq 10 J» alongsidt 29.11/1300 Bote 4 6 JU alongsidt 02.12/0700 It Aftfeai 485% J01 alongsidt 29.11/0600 It Jiff Mam *****6 J01 alongside 29.11/1500 It Ka« P«t 5 1AH96
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      • 1674 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofchq/Batanc* Rstts Ship Voy No Etb/Btr Ptrtod Frow To From Acs Clover 020* 2/1300 U 29/800 29/1*59 29/1900 U 29/1700 10/0*59 30/0900 1 30/0700 30/189 30/1400 4 30/1200 30/VTJ9 30/1700 aciSmi nu ovotoo u n/HOO ivwi 29/woo 2* 29/1700 30/0*59
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    • FINANCE & COMMODITIES
      • 462 10 Regulator's measures aim to prevent repeat of recent scandals that have rocked financial industry SCMP [HONGKONG] The Securities and Futures Commission (SFC), Hongkong's chief financial regulator, has released a series of recommendations designed to prevent a repetition of recent scandals that have
        SCMP  -  462 words
      • 436 10 USS/mark: The greenback took off on a strong note for the first four days of this week, touching a high of 1.5345 on Thursday. Strong resistance is seen at 1.5490 and a breach of this level would reinstate the long-term bullish sentiment. A bullish
        Source:  -  436 words
      • 388 10 Some foresee very volatile 1997 prices, greater uncertainty AFP [VIENNA] Western oil industry officials and analysts, dismissing Opec's Vienna talks as a non-event, say the market will need every drop of crude Iraq can export in the months ahead,
        AFP  -  388 words
      • 265 10  -  By\ Soh Tiang Keng [SINGAPORE) India's largest engineering and construction company, Larsen and Toubro, yesterday signed a deal here with 15 banks to raise US$ll5 million (Ssl6l million) from the Singapore-based Asian dollar market and other capital markets. The eight-year syndicated loan is
        265 words
      • 229 10 Bloomberg Business News [LONDON] Safeway pic became the latest British supermarket chain to step into the banking world through a venture with Abbey National pic, Britain's second largest mortgage lender. The two will issue joint loyalty cards to customers beginning in Spring 1997,
        Bloomberg Business News  -  229 words
      • 231 10 SSMEXReport Reuter (SINGAPORE) Simex Euroyen and Japanese Government Bond futures (JGBs) continued to bask in post tankan bullishness yesterday. Dealers said Euroyen futures were mostly range-bound in light trade, with June locked within the 99.31-99.34 range. Dealers said the Euroyen ignored news that Japan's unemployment in
        Reuter  -  231 words
      • 162 10 Reuter, AFP London THE dollar was steady against the mark and the yen in afternoon trading, following yesterday afternoon's release of US personal income and expenditure data for October. US personal income was unchanged in October as expected, while personal expenditure rose 0.5 per cent on the month,
        Reuter,; AFP  -  162 words
      • 319 10 ENERGY REPORT Reuter [TOKYO) Japanese traders said yesterday they are keen to buy Iraqi crude oil as the price has been set at competitive levels. But they said they were in no hurry to buy, having covered the bulk of their immediate requirements.
        Reuter  -  319 words
      • Article, Illustration
        1438 10 li'unin TTT rrrr AS cs M ECU Ffr DM HK$ tadtaMift YM Won 112$ F* ti Peso s$ tad Sfr NTS tat Pom* Australia fmrti 1.091 6.178 0143 4.215 1.241 6.264 28.959 18.992 0.919 6.715 2.046 1.141 32.556 ***** 1.136 1722 1049 22.267 ***** 0.482 0.810 0.917 6.180 0590 1864
        1,438 words
    • 1879 11 8IC0M FUTURES Nov 29 RUB8CR (Murtj dosing *t 5.30pm) RSS 1 CONTRACTU cwtsAg) Clou Volume Open Month High Low Sett (tonnes) Interest OK 94 176.25 550 JM 97 179.50 900 Feb 97 181.25 2100 Mar 97 184.25 1550 Apr/Jun 97 186.75 4050 97 187.50 5010 Oct/Dcc 97 188.00
      1,879 words
    • 2340 11 LONDON Industries m» Noce AB Ports 275 -2.400 Abbey National 696.400 12.400 AM*dDom*cq 447.400 3.400 Amec 97.400 unch Asa* Group 118.400 -.200 BAT Ind 470 2.600 BKC 281.400 -6 BOC Group 887 -2.400 BR Petroleum 686.400 -2.600 BTR 237.400 -.600 Bank of Scotland 293 3 Barclays 1023
      2,340 words
    • 1680 11 Reuter Q Nikkei 225 -15J8 GAINS racked up in yesterday's morning session melted away by the end of the day as profittaking and position-squaring weighed on the market in the afternoon, brokers said. They said futures-linked buying also petered out, weakening the indices. The 225-share Nikkei Average settled 15.18
      Reuter  -  1,680 words
    • Article, Illustration
      1636 12 AFX-Asia Hang Seng *83.17 SHARE prices closed higher yesterday after a moderate rebound in selected blue chips during a quiet afternoon session, dealers said. The Hang Seng Index closed up 83.17 points at 13,393.93. Turnover was HK57.45 billion compared to Thursday's HK513.57 billion. Dealers said the fall in turnover
      AFX-Asia  -  1,636 words
    • Article, Illustration
      713 12 Reuter El Shenzhen B Share Index +7.25 THE Shenzhen B market closed up 5.35 per cent in heavy trade yesterday on speculative buying after Beijing's announcement that the yuan would be convertible under the current account from Dec 1. The B Index surged 7.25 points to 142.71, with turnover
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  713 words
    • 401 12 AFP QWP Index -11M8 SHARE prices finished lower yesterday as investors locked in profit on blue-chip issues which had led recent gains. "Increased selling of bluechips by foreign investors induced individuals to follow suit," said a broker. The TSE Weighted Price Index dropped 110.48 points to 6,765.93. Turnover was
      AFP  -  401 words
    • 274 12 Reuter £j Wellington +2.06 SHARE prices ended with a flat tone yesterday although brokers were encouraged by a pick up in volume in the afternoon. The NZSE-40 Capital Index ended 2.06 points higher at 2.348.42. Reuter *M» MS (000) ANZ Banking 9.20 uncti *5014 Advantages Hidgs 1.24 unch *****
      Reuter  -  274 words
    • Article, Illustration
      828 12 AFP □set Index -12.45 SHARE prices closed 1.3 per cent lower yesterday on concerns over a central bank forecast for flat export growth this year, analysts said. "Sentiment was still bearish after the economic data from the Bank of Thailand yesterday, especially because of poor export performance," said Chakarit
      AFP  -  828 words
    • 429 12 AFP kJ Composite Index -3.42 SHARE prices closed lower yesterday, as moderate profittaking emerged after the previous day's strong rally. "Investors stayed on the sidelines, waiting for the government action to boost the market," a dealer said. The Composite Index fell 3.42 points to 733.50. Turnover was 22.7 million
      AFP  -  429 words
    • 613 12 AFP All Ordinaries *23 SHARES rose yesterday, buoyed by positive reaction to a share buyback by the National Australia Bank (NAB) and a strong gold sector. The All Ordinaries Index gained 2.3 points at 2,388.6. Turnover was 667.7 million shares worth Asl.7 billion. Blue-chip miner BHP slipped 16 cents
      AFP  -  613 words
    • Article, Illustration
      746 12 AFP fl Composite Index +L5l SHARE prices closed higher yesterday, led by cigarette maker Gudang Garam amid generally weak sentiment. "The sentiment was weak. The market lost support from both foreign and local investors today," said a dealer, adding that Gudang Garam benefited from strong ninemonth results. The JSE
      AFP  -  746 words
    • 358 12 AFP n Manila +2M2 SHARE prices closed higher yesterday on selective buying by foreign investors. The Composite Index added 26.42 points to 3,090.16. Turnover was 6.1 billion shares worth 4.1 billion pesos. PLDT shed 30 pesos to 1,535 on concern over the impact of a planned cut on international
      AFP  -  358 words
    • KUALA LUMPUR STOCK MARKET
      • 8381 13 Bloomberg Business News kl Composite Index -4.58 STOCKS fell for the second straight session yesterday, led by Telekom Malaysia's fall to a two-week low amid concern that rising competition will crimp its profits. "There is that fear," said a trader. "The writing was on the
        Bloomberg Business News  -  8,381 words
    • WARRANTS & OPTIONS
    • 2259 14 MALAYSIAN STOCKS Cr Cr 1996 LMt Voi Day La*» Ouott OK Mv YW Nat jjcjp High Low St no Company 5* COOP) High Law Buyer S—ar Cw P/t lii 360 m s 5000 AISB 50c 394 cl 3 37 402 394 394 400 53 4.9 0.4 835 4042
      2,259 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1486 15 TURNOVER COOO) VAIUC fOOO) Main CM Ttl MQn CH* Tata! Industrial 31.307 11.305 42.612 81.143 27.821 *2!51 F inane t 5,288 8.726 U.014 42.866 13.643 56.509 Hotats 1.190 214 1.404 1* 373 «g Pr opart i*s 5.651 4.748 10.399 26,905 6£21 33.126 Plantation 872 872 2.019 2.019 M»ng 135 135
        1,486 words
      • 3843 15 Gr Gr M Wt Last V*4 Day (M« Dh W W W L„ StNo Company Sate < 000) High Lwr Suyer Salter Cw P/€ SmH Pfk. industrials 5146 ASENTS***** OS- ""II goo "g -4 n m rrs m s.oh is to jo. 2*7 s -irrfcmis 196 3,8 3
        3,843 words
      • 936 15 fir fir M Wt nm i... Va i Day LMt Ou«t> DK Otv VM Nat Cap A*« Mmi L— 5«No Company 5a>a COOOI H*9» Law 8«yar 5Mar _*__Cw_ P/t_ J"* Mm 289 135 2000 ABRMktatSc 187 *2 4 W7 7 3 146 68 a 2049 ASAutottc 144 »7 «J
        936 words
      • Article, Illustration
        70 16  -  4 Shiv Taneja SM SUMMIT Holdings is likely to cross the 50pmt mark for the first'time this year in the next few <jpy*> but short-term investors should tread cartful!*, amne stock is unlikely to find much support at thatmXL Daily and weekly RSI and Stochastks are well y<f
        70 words
      • 881 16  -  STOCK MARKET commentary Interest in sm&ll-c&p issues attributed to speculation and perception that there are quality stocks that had lagged the recent market rally By R Sivanithy [SINGAPORE] The recent lack of institutional interest made itself felt again yesterday, leaving second-liners particularly those
        881 words
      • ON THE GRAPEVINE
        • 90 16 ODD as it may seem, United Overseas Bank is launching Bank 121, its new round-the-clock phone banking service tomorrow —a Sunday. But there is a good reason, said UOB deputy president Wee Ee Cheong. It is to highlight an important benefit of the service—that is, it is open
          90 words
        • 95 16 THE now famous soft-drink vending machine at the atrium of UOB Plaza (the one where Finance Minister Richard Hu used a Cash Card for the first time) had a small handwritten notice yesterday which read: "Temporary not in use". We hope, for the sake of
          95 words
        • 96 16 SPEEDY delivery is what the new BMW Asia Parts Distribution Centre promises for importers throughout the region, and to drive home the point, roller-bladers zoomed round the warehouse at the opening ceremony yesterday. This was followed by a fleet of go-karts driven by tiny
          96 words
        • 57 16 PRESS photographers popped their flashes at almost every guest shaking hands with SPH chairman Lim Kim San as they arrived for his 80th birthday celebration at the Mandarin Hotel on Thursday evening. Midway through greeting guests, the chairman, known for cutting costs and increasing the company's profitability,
          57 words
        • 53 16 THE Appeal Court recently ruled that Aztech Systems had infringed Creative Technology's copyright on the firmware of its Sound Blaster sound cards. What is firmware? When BT posed that question to an industry analyst, he replied: "Firmware is the opposite of vapourware." "What is vapourware?" Replied the analyst
          53 words
        • 95 16 YESTERDAY we ran an item on how busy one stockbroklng company in Kuala j Lumpur was, having to use six cars a da/to ferry fUnd managers visiting Malaysian companies. One seasoned stockbroker, :i however, tells us to take it with a healthy' dose of scepticism. His
          95 words
  • Page 7 Advertisements
    • 485 7 EXECUTIVE Appointments TO ADVERTISE CALL TOLL-FREE 1 800-74 1 fl fl Sentosa Golf Club la a premier dub offering two prestigious 18-hofe I 9 V I championship golf courses with facilities par excellence In Its newly 9 9 m fl bullt and luxurlouB Clubhouse. Located within the lush and verdant
      485 words

  • Page 8 Advertisements
    • 204 8 SHARE PHONE The Pioneer in Stock Information Sen/ice Paging-On-Demand for stock price 1. Select the counters, such as 8888 for S'pore Telecom, up to 5 counters. 2. Set time table, such as 1630 for 4:3opm, up to 10 different times. How does it work When the time is reached, the
      204 words




  • Page 12 Advertisements
    • 47 12 Express PARIS Waterman Le Man 100 Black. q Individually numbered, with a solid 18k gold nib. 11/ Designed with the elegance that is the signature of Paris. > L'expression personnelle. Guaranteed for life. Available at all department stores and pen specialists. For more information telephone: 1800 448 6671.
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  • Page 16 Advertisements
    • 232 16 BUSINESS Notices '<> m'm-kmn'- <m i- '"1 i 1 i BHUBih 4»lmJjKr k^^w"ofsT?!?r 'ImaKS IbHbi?Hl' Located at 617, Lorong 4 Toa Payoh, Singapore *****7 Land Area 44,000 sq ft (Plot ratio 4.5) Built in area 35,000 sq ft Leasehold 60 years from 1973 Land rent waived No agent Interested, please
      232 words
    • 8 16 HOME DECOR For people who love their homes
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    • 386 16 IN THE MATTER OF HONG LWY HOLDINGS PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of the abovenamed company will be held at the office of the
      386 words
    • 460 16 MMMffIBOP TMCOMMMB ACTCMM AMD m m aura omsmu m oo Ai an Eaoosdrory <J tm members d t* aboanaaed Company dJy corwened and heb on 26 No*"**IW6 blo*«9 Speed InoUn **re deponed 1 ««n I. IKal ihe com pony be wound up <dw>rtyp*suortßsec*»29o(l|bl d to Cokow Ad Cap SO 2
      460 words
    • 407 16 IN THE MATTER Of THE COMPANIES ACT CAT.» A—t CHYE HENC HUAT INDUSTRIAL SERVICES PTE LTD flaHimliim'ThlaMaj At aa Extraordinary Ocaeral Meeting of the aboveaaawd compaay daly coaveaed aad held at 30 Jalaa Sakaa #21-04 Jalaa Sakaa Cfeaava. Singapore !9t9740a 27th day of November 1996 the foUowiag Special Reaoluboa* wese
      407 words
    • 361 16 You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately.To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or
      361 words
    • 430 16 111 MAYFRAN INTERNATIONAL LTD Muifraa NOTICE QF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 2 Tuas Avanue 10, Singapore *****6 on 18 Dacambar 1996 at 4.00pm for the following purpose*: AS ORDINARY BUSINESS 1. To receive and adopt
      430 words
    • 59 16 YA NAN GARMENT PTE LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN that the Final Meeting of the members of the above-mentioned company will be held at No. 6 Jalan Ampas 403-01 Singapore *****7 on 30 December 1996 at 11.30 a.m. for the purpose stated in Section 308 of the
      59 words

  • ISEAS Trends
    • 1179 17  -  The controversy over immigration and race will take some years to resolve, says Jamie Macfcie Jamie Mackie Professor Jamie Mackie is Emeritus Professor in the Research School of Pacific and Asian Studies at the Australian National University. He was a founding member of the Immigration
      REUTER  -  1,179 words
    • 1213 17  -  Differing strategic perceptions contribute to sharp rhetoric. By] Robyn Lim Dr Robyn Lim is professor of international relations at Hiroshima Shudo University, Japan. SEVERAL times recently, China's official media have launched broadsides at Australia. Their latest blast gloats at Australia's unexpected failure to win a
      1,213 words
    • 1128 18  -  ifanapartiy PYaminfts the main thrust and objective of Malaysia's recently unveiled budget Vijayakumari Kanapathy Vijayakumari Kanapathy is a Senior Analyst at the Institute of Strategic and International Studies (ISIS) Malaysia. PAINLESS", "balanced", "growth-oriented" and "caring". These were the words used to describe Malaysian
      REUTER  -  1,128 words
    • 735 18  -  BOOK REVIEW The Aaean Regional Forum, Adelphi Paper 302 (By Michael Leifer, Oxford: Oxford University Press for the International Institute for Strategic Studies, 1996, 65 pages) By\ Simon Hay Simon Hay is a Research Fellow at the Institute of Southeast Asian
      REUTER  -  735 words
    • 908 19  -  The results of Thailand's recent elections suggest that positive political change seems remote. Syetarn Hansakui explains why. Syetarn Hansakul Syetarn Hansakul is a Visiting Fellow at the Institute of Southeast Asian Studies. THAILAND'S election results are out. The New Aspiration Party, winning 125 seats, two
      REUTER  -  908 words
    • 1053 19  -  The sober reality of foreign direct investments Richard Halloran Richard Halloran, formerly with The New York Times as a foreign correspondent in Asia and military correspondent in Washington, writes about Asian security from Honolulu. AFTER five years of a great leap forward, foreign investment in
      AFP; Source: Ministry of Planing &  -  1,053 words
    • 1268 19  -  Snbic Bay, which the US Navy vacated in 1992, is now the focus of US naval port calls By, Joaquin L Gonzalez III Dr Joaquin L Gonzalez 111 is a Lecturer in the Department of Political Science, National University of Singapore. WHEN
      1,268 words
    • 1135 20  -  Electoral appeals to nationalism and the activities of ultra-rightist groups are sending mixed signals to the rest of Asia. JegKingston looks at the issue Jeff Kingston Professor Jeff Kingston is Director, Institute for Pacific Rim Studies, Temple University Japan. COMPETITION for energy resources, the Law
      REUTER  -  1,135 words
    • 1432 20  -  What are the prospects for a water-sharing agreement between India and Bangladesh? By\ Ishtiaq Hossain Dr Ishtiaq Hossain is a Senior Lecturer at the Department of Political Science, National University of Singapore. A SENSE of heightened optimism now exists among officials in New Delhi
      1,432 words

  • Page 18 Advertisements
    • 122 18 Send all correspondence to: The Editor Trends Institute of Southeast Asian Studies Heng Mui Keng Terrace Pasir Panjang Singapore *****6 Tel: 778-0955 Fax: 775-6264 Hie institute The Institute of Southeast Asian Studies was established as an autonomous organisation in 1968. It is a regional research centre for scholars and other
      122 words
    • 511 18 AS&W Into WTO: CMvgM«ritaponNi Open Regionellem and Trade Liberalization: Edited by Chia fiiow Yue and Joseph LH. Tan An Aaia-Paetfte Contribution to tho World Trade System The WTO will bo of great significance not only for g Ross garnaut the future of the world economy and goo-strategic environment, but also
      511 words



  • EXECUTIVE Lifestyle
    • 1237 21  -  Despite Kmarf s departure from Singapore, other value retailers who offer products at low prices remain fairly optimistic about their business prospects. They tell oo«miiB khbk why CORINNE KERK AFTER a brief stay of two years and a huge loss of $12.6 million, American
      PHOTOS BY SIEW YAW HOONG  -  1,237 words
    • STRAWS In The Wind
      • 99 21 WHEN is a hamburger more familiar than a bowl of noodles for a Singaporean? When you're in Beijing, according to one Chinese-Singaporean stockbroker who went there on holiday recently with his family. After discovering to their disappointment that the Chinese food in Beijing was too oily and salty,
        99 words
      • 98 21 HOW MANY bras can a woman buy before the middle of next year? It all depends on how keen you are to travel. One bra maker is offering free trips to customers who accumulate 300 points (one point for every $10 spent) by next June. The
        98 words
      • 36 21 WHAT do you do when you're unemployed but don't really want people to know that? Do what this Chinese talentime winner did in a local magazine. Under "occupation", he put this: "Former part-time cook".
        36 words
    • PROFILE
      • 1325 22  -  He has assets of over $100 m but lives simply and often takes a cab to work, columns here meets Mustaq Ahmad, the unassuming managing director of Mohamed Mustafa Samsuddin Company CORINNE KERK Newsmakers in Singapore are not the easiest people to get hold
        PHOTOS BY CHRIS LOH  -  1,325 words
    • DESIGN
      • 1635 23  -  Eco.ld is only a year old, but the design consultancy has already bagged a few projects that would turn some of its more established competitors green with envy. ooißHWßHunio meets the two men behind its success GOH HWEE LHNG IF YOU have an address that says "Lorong36, Geylang",
        HOME & DECOR; CHRIS LOH  -  1,635 words
    • 654 24  -  CINEMA There is an abundance of calligraphy in Greenaway's The Pillow Book, but the movie itself is curiously devoid of meaning By Jaime Ee IT'S HARD to pinpoint where an off-the-wall director like Peter Greenaway gets his inspiration from. But after watching The Pillow Book, one
      654 words
    • 698 24  -  CINEMA If there are Lassie Awards to be given out, top prizes should go to the Airedale terrier and the sheepdog in Disney's remake of 101 Dalmations By Jaime Ee IN THE magical world of movies, animals can outsmart baddies, an Airedale terrier can act
      698 words
    • 555 25  -  NIGHTSPOT Jessica Smith and the boys at Conrad Hotel's BJ's Bar are turning oat some of the best bines and jazz to be heard east of Chicago By. A Surendren IT'S A little odd that at the new BJ's Bar in the Conrad Hotel,
      CHRIS LOH  -  555 words
    • Article, Illustration
      397 25  -  Compiled by M Yasotha THEATRE Jack And The Beanstalk The Singapore Stage Club presents this familiar fairy-tale with lashings of traditional Christmas festivity and some local humour thrown in for good measure. You can also expect the usual pantomine and audience participation. A perfect way to get into
      397 words
    • EPICURE
      • 956 26  -  While the food at Golden Peony and Oscar's passes muster, the hotel might want to rethink its pricing policy, suggests Jaimb he JAIME EE SO FAR, the new Conrad International's claim to fame has been its policy of leaving teddy bears in its bedrooms and a rubber
        CHRIS LOH  -  956 words
      • 778 26  -  WINE CONNOISSEUR Robert Mondavi, at 83, is still devoting his energies to making some of the world's best wines By N K Yong I FIRST met Robert Mondavi (Bob as he is affectionately known the world over) more than 10 years ago on his first
        778 words
    • Article, Illustration
      1164 27 All Dogs Go To Heaven 2. Charlie and Itchy are two dogs that return to heaven in this cartoon feature. Charlie Sheen, Dom DeLuise and Sheena Easton provide the voices. Yishun: 10.50; 12.40; 7.20. Bishan: 10.25; 3.55; 5.45. Tiong Bahru: 10.25; 3.55. Boon Lay: 10.25; 5.45. Tampines; 11; 5.
      1,164 words
    • TRAVEL
      • 1116 28  -  Check out the restaurants along Grant and Columbus avenues, visit the City Lights bookshop, ride the cable cars, and drink in die superb views of the majestic Golden Gate Bridge, urges MARK GRAHAM THERE is a street Junction in San Francisco which, more than
        PHOTOS BY MARK GRAHAM FOR BT  -  1,116 words
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  • Page 22 Advertisements
    • 35 22 B ,S t 'vf-w' tf|-.«. r. C y. M f^^CTg**^yf 3 v a «t. M J A s tfgJEr Sol ORCHARD POM) '0?-28 n 'JS HILTON IMT^HATIONArtMMnr, KIH ■KF fw 'F *^^jljf* y t» Jjd
      35 words
    • 28 22 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 24 Advertisements
    • 145 24 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 II 12 months -J 6 months I 1 3 months
      145 words
    • 47 24 .Sjß WMUbfcpto J Jj |i j jfi9 't** Vy fiikfrMfi ~dtflMfeffi~i 'ImBB. *v xSINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS BDHIB A GREAT BOOK FOR YOURSELF. FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTRE POINT. PLAZA SINGAPURA AND RAFFLES CITY
      47 words

  • Page 25 Advertisements
    • 721 25 Where to wine, dine and entertain i 1 i i 1 HIIIIIIIIIIIRRIRRIHRIMIMIMIIIIUUIIIIN||| Cshri&t*'j| |j festive 31 AMARA BALLROOM 1& 2 7.00 PM-1.00 AM Jl K It's the season for merry-making again, "11 [I and this year at the Amara Singapore, I I. we're throwing a fabulous party! I Ij Lots
      721 words
    • 159 25 Finest Dian Xm Restaurant At The Neptune on Shenton Way i Dian Xin/Lunch I (/g*\ I 11.30am-2.30pm 7TH FLOOR. OVERSEAS UNION HOUSE. 1 Dine for Free" Lucky Draw 1 Sep 31 Dec 96 Each week, we will be glvins a full refund* I SwV for the amount spent I JfcSPw
      159 words

  • Page 26 Advertisements
    • 61 26 AT TIMES, EVEN AN MG DRIVER WOULD APPRECIATE A ROOF OVER HIS HEAD. I" V IT LIVES drive. And don't forget that with the I octa B ona MG badge up front and the enjoyable sports car, the MGF could disappear fast. Roof and all. GET A FREE HARD TOP
      61 words

  • Page 27 Miscellaneous
    • 706 27 R1 q o\rrn nil 1\ pq Hawn 11 isnt lon s DldCiSJllcUl, she moves into his new and murder house and claims to be his wife. A so-so effort by Hard Evidence, 12am, director Frank Oz. Ch 5 As if it's not bad enough Scanners n, 1.40 am, Ch 0
      706 words
    • 1455 27 TODAY'S TV ElWMWftfftii fefrfriti I r 3.30 Willy Fog 1130 AM TV Innovations. 4-30 Ultraman Taro. LOO PM Golf: Omega Tour AP- f SJO Malgudi Days. GA Golf Show. a_ 6.00 Kaanbom Karpom. 230 1996 ATP Tour Highlight K 0} Tamil New Year Show. Show. B~—. 7JO Raga Rajangam (T).
      1,455 words

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