The Business Times, 7 December 1996

Microfilm: NL20749
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 04tV 12/95 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 7-8,1996
    15 words
  • Article
    MARKET SUMMARY
    67 1 sra ntol3i (-23.78) PJ BT-SKI mM *****7 (-21.87) n BTOOMP mm 220M§(-30.07) n BTMBA mm 1067.75 (.16.19) WOgMAMETmiHCEB Friday Chance KLSE COUP I.WIU -33.62 NIKKEI JW7176 4*7 X) HANG SUNG 13,1(8.71 -J8&KI sctindw am -tLtt JAKAKTA COMP H8.I2 418 MANILA COMP __J,***** -8188 TAIPEI WPI MMJ1 ***** sechjl
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  • Article
    FINANCE
    70 1 IIXBAME BASES US9 SI USS 1400 1643 1301 If, Mil OJII YKN100 Om 1.249 MS 0.397 0566 HKS 0.129 0.181 BAHT 0.039 0.065 Rl'IIAM 100 0.043 0.060 FUME Bins SINGAPORE* 6.44 KUALA LUMPUR. 9.25 JAKARTA 18.09 BANGKOK U.» MANILA 13.50 HONGKONG AM TAIPEI 91b SYDNEY 10.50 TOKYO 2M SEOUL
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  • Article, Illustration
    Lock icon Greenspan spooks world financial markets
    674 1  -  But European markets recover after release of weak US jobs report By R Sivanithy [SINGAPORE] Regional stocks took one of their hardest knocks in recent months yesterday, after financial markets the world over were spooked by comments by US Federal Reserve chairman Alan Greenspan on
    Source: Bloomberg  -  674 words
  • Article, Illustration
    This is what the Fed chief said
    237 1 "Where do we draw the line on what prices matter? Certainly prices of goods and services now being produced our basic measure of inflation matter. But what about futures prices or, more importantly, prices of claims on future goods and services, like equities,
    237 words
  • Article
    Govt steps to cool property prices did the job: BG Lee
    409 1  -  S&le of new units indicates underlying demand is still firm Abdul Hadhi [SINGAPORE] The government's package of anti-specu-lation measures has achieved its objective, although it was difficult to judge exactly how the market would react to the May 14
    409 words
  • Article
    Lock icon Dow down 66 at 2pm after steadying from 144-point opening loss
    218 1 AFP [NEW YORK] Share prices on the New York Stock Exchange fell at the opening bell yesterday In response to overnight remarks by Federal Reserve chairman Alan Greenspan but recouped some of the loss in early afternoon trading. At
    AFP  -  218 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      122 1 HWUIHH Want to bukroD a movie? Singapore's movie industry needs funding, but backers need to 9ee a track record first So what gives? ELI XHWSTALUB tak* a baattafc thispg. Some markets were waiting for an excuse to correct themselves, but sluggish markets like Singapore's? ♦tmnMtßMnito —Ifwpgtjptaaitaipt, ajsMLea, thispg. Whatever it
      122 words
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      Page 1 Advertisements Column 2
      4 1 Greenspan's speech, Pg 5
      4 words
    • Advertisement
      Page 1 Advertisements Column 3
      9 1 Home prices set to fall 5-10%: analysts, Pg 2
      9 words
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      Page 1 Advertisements Column 4
      229 1 WTO reshaping world trade A special supplement on the WTO Ministerial Conference Fret with your BT today W BRICCHU Hello Singapore The historic first ministerial meeting of the World Trade Organisation is all set to go and the world's trade ministers and delegates are streaming in. Hitting the tarmac at
      229 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Bankers Trust arm to expand support for the poor
      299 2 THE Bankers Trust Foundation the philanthropic arm of New York's Bankers Trust which is already involved in one charitable enterprise here, will explore new opportunities to help low-income and handicapped Singaporeans develop self-sustaining livelihoods. This was announced earlier this week by
      299 words
    • Article
      Housing prices seen drifting down 5-10% over next half-year
      843 2  -  OUTLOOK W: PROPERTY Economy, govt policies will decide direction beyond near term, say market watchers By] Michelle Low THE residential property market will keep drifting down by another 5-10 per cent over the next six months on low volume, say market
      843 words
    • Article
      Cruise Centre to grow bigger by 1998
      303 2  -  Extended berths, passenger areas to cater for rising demand, meg&ships By* Agnes Wee THE Port of Singapore Authority will extend its existing berths and passenger holding areas at the Cruise Centre to cater for rising demand and the arrival of megaships by 1998,
      303 words
    • Article
      AGF launches video system to expedite motor claims process
      341 2  -  By\ Soh Tiang Keng SINGAPORE-FRENCH insurer, AGF Insurance (Singapore), has launched a computerised video system linking its Singapore office to authorised motor workshops to assess accident damage and repair work. The system its first in the world will cut costs and
      341 words
    • Article, Illustration
      Lock icon DBS launches new phone banking service
      331 2  -  Multiple account holders to get access to its Banker-on-line By\ Shiv Taneja COMPETITION among banks to provide state-of-the-art electronic banking services is hotting up with the launch of Banker-on-line by DBS Bank, a new service that comes about a week after United Overseas Bank
      ARTHUR LEE  -  331 words
    • Article
      Optics firm II-VI S'pore opens plant in Suzhou
      154 2 PENNSYLVANIA-based laser and optics firm, 11-VI Incorporated, has chosen Suzhou as its first plant in China, and its Singapore company to fund and manage this investment. The Nasdaq-listed firm said in a press statement that the new factory, officially opened yesterday, is
      154 words
    • Article, Illustration
      Lock icon New Mercedes taxi offers a sense of luxury
      490 2  -  limourine comfort for the hire price of normal taxi booking By i Christopher Tan I had imagined that booking one of City Cab's new Mer-cedes-Benz taxis would be like winning the lottery. After all, the 30 luxury vehicles that comprise the service
      BEN CRUZ  -  490 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      433 2 THE WEATHER Stnppone Cloudy with intermittent rain from late morning until early evening. Temperature (29-23) AMMb HVLo* Goad. Urn if Ht/Le* Good. Amarkm HVLo* Oai Auckland a/16 Showers Atirti 07/04 Shown UUnU 11*4 Cloudy Bangkok Sirtl Showers Atoens 14/07 Cloudv BuenoaAkw !7/M Cloudy Being 06/-6 Cloudy Berth 06/00 Showers Ckkagi
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        762 3 Those polled for their views on next week's Singapore stock market outlook are: Daiwa Securities, Fraser Securities, ING Barings, Merrill Lynch, Phillip Securities, WI Carr. Aviso ♦(Buy) OCBC Investment Research, Dec 6, $1.37 Avimo's net profit for FYSep96 rose 20 per cent to $8 million. Earnings outlook
        762 words
      • Article, Illustration
        In My Opinion
        316 3  -  James McCarthy General Manager DBS Asset Management i(~\ N Jan 1, 1997, CPF I I savers will be able to V 7 buy foreign stocks for the first time. Provided we're careful, we should be able to make healthy returns as the regional markets are traditionally good
        316 words
    • Article
      Most S'pore firms still reticent
      998 3  -  Voluntary disclosure's not a strong point with most SES firms judging from their annual reports Reports by' Tan Hwee Cheng The writer is a lecturer at the Nanyang Technological University's School of Accountancy and Business. She is also a member of this year's ARA working
      998 words
    • Article
      Why many companies are not willing to reveal more
      256 3 COMPANIES may be reluctant to tell more because sometimes there might be a conflict of interest between shareholders and managers (who are agents of shareholders). The latter may be motivated by other objectives besides maximising shareholders' wealth. Managers, for instance, may
      256 words
    • Article
      Companies pay for not telling enough
      287 3 Firms which are more open may find that they are able to COMPANIES might not know this but through poor disclosure they could be depriving themselves of cheaper sources of financing, among other things. Despite the costs associated with disclosure, there are important benefits
      287 words
    • Article, Illustration
      Lock icon Finding value in infrastructure
      554 3  -  EYE ON THE REGION: MALAYSIA Throng a model, toO operators are set on an equal footing and their valuations compared By, John Engle The writer is the managing director of HG Asia (M) Sdn Bhd. [SINGAPORE] WHAT is particularly irritating when reviewing research on prospects for
      Source ALLAN  -  554 words
    • Article
      Lock icon US investors pull US$550m out of international funds
      530 3 Withdrawal results in net USs33om being redeemed in a week Bloomberg Business News [BOSTON] Individual investors yanked money from US stock mutual funds that invest in international markets, according to a report from AMG Data Services. Almost US$55O million (Ss77o million), excluding
      Bloomberg Business News  -  530 words
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  • RUN-UP TO WTO MEETING
    • Article
      Lock icon US likely to return to financial services pact talks
      326 4 AFP [SINGAPORE] The United States is expected to return to the negotiating table for a successful conclusion next year of a global pact to liberalise the key financial services sector, a senior World Trade Organisation official said yesterday. "There is a
      AFP  -  326 words
    • Article
      Consensus emerging on 2 core issues for WTO: Cheow Tong
      514 4  -  Bnt six points of contention still stay unresolved, he says By Yang Razali Kassim [SINGAPORE] Consensus is emerging in two core areas central to next week's Singapore Ministerial Conference (SMC) of the World Trade Organisation (WTO). Six points of contention,
      514 words
    • Article, Illustration
      Lock icon Through the corridor of international trade
      50 4 [SINGAPORE] A security officer taking a walk through a room set up for WTO delegates at the Singapore International Conventional and Exhibition Centre at Suntec City. Singapore is all geared up to host the World Trade Organisation's first ministerial conference next week. CHRIS LOH
      CHRIS LOH  -  50 words
    • Article
      US warns against not lowering int'l phone charges
      346 4 [JAKARTA] The US could take action against countries and companies that do not lower international phone charges in line with guidelines to be set next year, Federal Communications Commission (FCC) chairman Reed Hundt said. He is in Jakarta for meetings with Indonesia's
      346 words
    • Article
      Last-ditch effort to put workers' rights on agenda
      459 4  -  WTO credibility at stake over labour concerns, says ICFTU general secretary By Chuang Peck Ming THE international labour movement is making a lastminute pitch to put workers' rights on the agenda of the first World Trade Organisation ministerial meeting, which starts on
      459 words
    • Article
      WTO meeting gets support from IT firms
      255 4  -  14 firms to provide equipment, services said to be worth $5m By Raju Chellam [SINGAPORE] Fourteen leading information technology (IT) companies have agreed to provide equipment and services for the WTO Ministerial Conference as a goodwill gesture. The National Computer Board (NCB), which
      255 words
    • Article
      MobileLink, MobileOne to supply phones, pagers
      151 4 [SINGAPORE] Liaison officers and drivers on WTO duty will get handphones and pagers, courtesy of Mobile Link and Mobile One. Mobile Link, which is part of Singapore Telecom, has supplied 450 handphones and 200 pagers, while Mobile One has given 445 handphones and 570
      151 words
    • Article
      Asia-Pac can lead free trade push: PECC
      260 4  -  Regionalism can play reinforcing and complementary role to multilateralism Kenneth James {SINGAPORE] Asia-Pacific economies are in a strong position to lead the push towards further trade liberalisation, said the Pacific Economic Cooperation Council (PECC). The comment by the Singa-pore-based independent policy forum comes
      260 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1576 4 CITY FLIGHT ETA FLIGHT ETO AbaMmM GA890 0120 HatVal MI893 1415 TG408 0820 Adalalda S0230 1815 0F82 2050 ***** 2120 J"** 4 0F81 1930 W* »«>. —gjgf QI3Q Hiroshima S09T7 1720 SOWS 0M5 Amsterdam KL843 0550 GA890 0120 HoCMWnll VN741 1310 W740 MW DL25 0700 SIA328
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  • FOCUS
    • Article, Illustration
      Lock icon Prevention is the best defence: Fed
      2059 5 Monetary policy needs to be forward-looking and one factor that has to be assessed is whether irrational exuberance has unduly escalated asset values The following are extracts of US Federal Reserve chairman Alan Greenspan's speech on Thursday on "The Challenge of Central Banking in
      FILE PHOTO; AFP  -  2,059 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      41 5 when the Market qete Going. Hthe Savvy 90 SURFSN^ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet IEEEMia BUSINESS CENTRE YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION!
      41 words
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  • REGION/WORLD
    • Article, Illustration
      Lock icon Woman power propels Albright into top spot
      592 6  -  WASHINGTON Two male candidates for Secretary of State post lose ont in the face of women's lobby Hy Leon Hadar US PRESIDENT Bill Clinton s aides admit that pressure from women's organisations played a key role in his decision to select US Ambassador
      Reuter  -  592 words
    • Article
      Lock icon Bringing new style and substance
      445 6 WASHINGTON While Christopher's seen as too polite and nice, Albright is forceful, passionate Reuter WITHOUT a doubt, Madeleine Albright's appointment as first woman secretary of state in more than 200 years of US history will change the face and style of US foreign policy. It
      Reuter  -  445 words
    • Article
      Lock icon US job gain in Nov below expections; jobless rate rises
      261 6 WASHINGTON Signs of sluggishness suggest Fed may hold rates steady into '97 Bloomberg Business News THE US economy added jobs at a slower-than-expected pace in November and the unemployment rate rose to 5.4 per cent from 5.2 per cent during
      Bloomberg Business News  -  261 words
    • Article
      Lock icon Rubin: No change in US strong dollar policy
      280 6 WASHINGTON Bloomberg Business News TREASURY Secretary Robert Rubin said the Clinton administration's policy that "a strong dollar is in our interest" remains unchanged, in part because of the domestic benefits of a strong currency. "It helps to keep inflation down and it
      Bloomberg Business News  -  280 words
    • Article
      Business-backed group to push for Ramos' re-election
      487 6  -  MANILA Group seeks charter amendment to allow Ramos a second term Al Labita A GROUP backed by businessmen yesterday launched President Fidel Ramos' 1998 reelection bid, but the opposition warned that such a move would set back the Philippines' economic gains. At a
      487 words
    • Article
      Lock icon Russia seeks economic growth revival
      110 6 MOSCOW Reuter THE Russian government's medium-term economic policy focuses on a growth revival and structural reform. Prime Minister Viktor Chernomyrdin said yesterday. The government aims for annual growth in industrial production of 6-7 per cent by the year 2000, he told the Duma lower house
      Reuter  -  110 words
    • Article
      Lock icon Iraq to resume oil exports on Tuesday under UN deal
      133 6 BAGHDAD AFP IRAQ announced yesterday that it would resume oU exports on Tuesday under the oil-for-food deal with the United Nations. The official Iraqi news agency INA said Iraq would resume exporting oil at midnight New York time (0500 GMT).
      AFP  -  133 words
    • Article
      Lock icon Thomson set to get 11b franc state aid
      235 6 PARIS Reuter FRENCH state agencies met yesterday to rubber stamp an 11 billion franc (552.97 billion) capital injection of state aid in electronics group Thomson SA, as the government reviewed options for reviving its sale. Thomson labour unions, with the support of
      Reuter  -  235 words
    • Article
      Lock icon Keeping Internet free will boost US economy, say Clinton advisers
      329 6 WASHINGTON Panel: Work globally to protect Net from taxes and censorship Reuter THE Internet could provide a huge boost to the US economy if the federal government pursues "free market" policies in cyberspace, a group of President Bill Clinton's top
      Reuter  -  329 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      113 6 DOONESBURY By Garry Trudeau *MEICOME PRETTY GREAT, ONLINE. 1 ANP THIS 15MYSERMON PAGE, [TT~I TO THE LIT- HUH? IT'S THE I PEOPLE CAN CUSTOMIZE THEJRI UJHIQISHE V'S/TORS UTERALLY ill WW EMY.I MEAtm TIE CHURCH PERFECT PRAYER I WORSHIPING NEEPS. THERE'S I FiOCKTO! THIS SECTION MUST t V TWO V IPON7FNOW
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  • COMPANIES & MARKETS
    • Article
      Taiwan futures: Simex traders prefer S'pore way
      451 7  -  But decision to trade on CME or Simex ultimately depends on volume, they say By Siow Li Sen [SINGAPORE] Singapore International Monetary Exchange (Simex) traders would prefer to trade Taiwan stock futures on Simex's open outcry system to electronic trading on a rival
      451 words
    • Article
      JC-MPH interim earnings up 116%
      371 7  -  Improvement came through 37% rise in turnover to $326 m By\ Shiv Taneja [SINGAPORE] Diversified publishing group Jack ChiaMPH yesterday posted a 116 per cent jump in net earnings to $11 million for the half year ended Sep 30. The company said the significant improvement
      371 words
    • Article
      Courts' interim net profit drops 8% to $4.8m
      207 7 [SINGAPORE] Furniture retailer Courts Singapore yesterday reported an 8 per cent drop in interim net profit to $4.8 million for the period ended Sep 30. Pre-tax profit fell 9.3 per cent to $6.5 million, reflecting the current tough retail trading conditions, the
      207 words
    • Article
      Access to Chavalit is Thai telecom groups'game plan
      710 7  -  HOCK LOCK SIEW Loh Hui Yin THE nexus between Thai politics and the telecommunications industry is amply highlighted by the fierce jockeying among major telecoms groups for positions in the new Chavalit government. United Communication Industry (Ucom) group has put one of
      710 words
    • Article, Illustration
      Lock icon Norwegian telecoms firm applies for SES listing
      390 7  -  Nera ASA may offer up to qtr of share capital if nod to list RHQ given By Ven Sreenivasan [SINGAPORE] Norwegian telecommunications firm Nera ASA has applied to list its Singapore-based regional headquarters operations on the mainboard of the Stock Exchange of Singapore.
      FILE PHOTO  -  390 words
    • Article
      Econ posts 35% rise in interim earnings
      187 7  -  By. Ang Wan May [SINGAPORE] Construction and property company Econ International yesterday reported a 34.78 per cent hike in interim group net earnings to $4.24 million for the six months ended Sep 30. Turnover rose 12 per cent to $134 million from $119
      187 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon HK's SEC wants to up fines for illegal trading 10-fold
        222 8 Securities panel proposal follows Jardine scandal Bloomberg Business News [HONGKONG] The Securities and Futures Commission, Hongkong's securities watchdog, wants to increase fines for illegal trading 10-fold to HK$5OO,OOO (5590,500) in the wake of a scandal in which Jardine Fleming Group's
        Bloomberg Business News  -  222 words
      • Article
        Lock icon China tightens control on information from listed firms
        57 8 Reuter [SHANGHAI] China has ordered its two stock exchanges in Shanghai and Shenzhen to tighten controls on information released by listed firms and to monitor the accuracy of the announcements. The exchanges must now check that announcements made by companies have received
        Reuter  -  57 words
      • Article
        Lock icon Metroplex seeks continued suspension
        103 8 Reuter [KUALA LUMPUR] Metroplex Bhd said it is seeking a continued trading suspension in its stock pending an announcement. In a statement sent to the Kuala Lumpur Stock Exchange late on Thursday, the company said the suspension is "pending another unrelated formal announcement". It did not
        Reuter  -  103 words
      • Article
        Lock icon Bre-X, Barrick agree on gold mine stakes
        226 8 Canadian firms to split shares in major Indonesian mine AFP (JAKARTA) Canadian firms Bre-X Mineral and Barrick Gold have agreed to split shares in a major Indonesian gold mine in East Kalimantan, newspaper reports said yesterday. Bre-X Mineral would take 25 per cent
        AFP  -  226 words
      • Article
        Lock icon Berjaya Singer posts 20% rise in interim pre-tax to M$45m
        227 8 Bernama [KUALA LUMPUR] Berjaya Singer Bhd has recorded an increase of 20.5 per cent in its group pre-tax profit to M 545.2 million (5525.1 million) for the half year ended Oct 31 from M 537.5 million in the previous corresponding
        Bernama  -  227 words
      • Article, Illustration
        Lock icon Perwaja rescue plan still under study: Anwar
        212 8 Bernama [PETALING JAYA] Deputy Prime Minister Anwar Ibrahim said the Economic Planning Unit (EPU) and the Treasury are still examining the rescue plan for ailing national steel company Perwaja Steel Bhd. Mr Anwar, who Is also finance minister, said the interim manager of
        Bernama; FILE PHOTO  -  212 words
      • Article
        Lock icon Westmont eyes US$400m African power projects
        257 8 Talks on for building of power plants in Kenya and Ghana AFP [KUALA LUMPUR] Malaysia's Westmont Industries Bhd is considering building two power plants in Africa worth about US$4OO million (Sss6o million), a newspaper reported yesterday. Discussions with the African parties are still in
        AFP  -  257 words
      • Article
        Lock icon Sino Land consortium seeks to raise HK$8b loan
        170 8 Reuter [HONGKONG] A Sino Land consortium involved in the Mass Transit Railway Corp development at Hongkong's Tai Kok Tsui Station Package Two site is seeking an HK$B billion (SJI.4 billion) loan facility, bankers said. The borrower is Benefit Bright Ltd, a vehicle
        Reuter  -  170 words
      • Article
        Lock icon Two Malaysian banks deny talks of possible mergers
        136 8 Bernama [KUALA LUMPURI Ban Hin Lee Bank Bhd (BHL) and Oriental Bank Bhd yesterday denied having negotiations with other banks for proposed mergers. Malaysian Industrial Development Finance Bhd (MIDF) said in a statement: "MIDF has already submitted an application for the listing
        Bernama  -  136 words
      • COMPANY Briefs
        • Article
          Lim Kah Ngam to raise $100m via bonds
          71 8 [SINGAPORE] Construction company Lim Kah Ngam plans to raise up to $100 million through the issue of $71 million worth of unsecured bonds at a 3 per cent discount rate and a transferable loan facility for $29 million. The bonds, which will
          71 words
        • Article
          Tri-M back in the black
          82 8 [SINGAPORE] Contract manufacturer Tri-M Technologies has swung into the black. Yesterday, the company posted a net profit of $428,000 for the six months to Sep 30 on turnover of $55.4 million. In the same period last year, it reported losses of $3.99 million. Earnings per
          82 words
        • Article
          Eng Wah interim profit down 23%
          98 8 [SINGAPORE] Eng Wah Organisation yesterday reported a 23 per cent drop in interim net profit to $438,000 for the half-year ended Sep 30. The company said this was largely due to the closure of Toa Payoh Theatre for redevelopment, higher operating costs, and keen
          98 words
        • Article
          Sale of Informatics shares explained
          65 8 [SINGAPORE] The sale of Informatics Holdings shares by company directors was to "provide more opportunities for those interested in investing" in the company, said chairman and chief executive officer Wong Tai yesterday. Four major shareholders, including Dr Wong, sold 12 million shares at 62 cents
          65 words
        • Article
          L&M Group asks for suspension of share
          32 8 [SINGAPORE] L&M Group Investments has requested for a suspension in the trade of its shares and warrants with effect from Dec 9, until further notice.
          32 words
      • Article
        Lock icon Dutch govt to reduce stake in KLM to 25%
        212 9 FT [AMSTERDAM] The Dutch government is to cut its stake in KLM to 25 per cent from 38.2 per cent by selling a parcel of shares back to the airline in a deal worth as much as one billion guilders (SsBl2
        FT  -  212 words
      • Article
        Lock icon Newmont offers US$2b in stock for Santa Fe
        279 9 Bloomberg Business News [DENVER] Newmont Mining Corp offered to buy rival Santa Fe Pacific Gold Corp for US$2 billion (Ss2.B billion) in stock in an unsolicited bid to create North America's largest gold mining company. Santa Fe Pacific declined to comment on
        Bloomberg Business News  -  279 words
      • Article, Illustration
        Lock icon Japan govt to split telecoms giant NTT into 3 companies
        455 9  -  Decision to re-group into one long-distance, two regional carriers seen as compromise From Anthony Rowley in Tokyo THE Japanese government yesterday ended intense speculation on the future of statecontrolled telecommunications giant Nippon Telegraph Telephone by announcing it intends to split
        AFP  -  455 words
      • Article
        Lock icon Henkel buying rest of Loctite for US$1.3b
        161 9 Reuter [NEW YORK] Germany's Henkel and Connecticut-based Loctite Corp said on Thursday they agieed to a merger in which Henkel will acquire the 65 per cent of Loctite it does not already own for about US$l.3 billion (Ssl.B billion), or US$6l in cash
        Reuter  -  161 words
      • Article
        Lock icon GM keen to sell defence unit
        215 9 Hughes Electronics operations could be sold for up to USsBb Reuter [DETROIT] General Motors was expected to seek bids for its Hughes Electronics defence businesses in the first of several transactions aimed at shedding GM's remaining non-automotive assets, analysts said. The possible sale of
        Reuter  -  215 words
      • Article
        Lock icon Chrysler to double stock buyback, up dividend
        251 9 Bloomberg Business News lAUBURN HILLS, Michigan] Chrysler Corp said it will double its planned 1997 stock buyback to US$2 billion (Ss2.B billion) and boost its dividend by 14 per cent, moves underscoring the automaker's robust performance and continuing optimism despite signs of an
        Bloomberg Business News  -  251 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Orange County sues dozens of Wall Street firms, debt issuers
        416 10 It claims it was sold risky securities which led to US$LBb losses, caused bankruptcy Bloomberg Business News [SANTA ANA, California] Orange County on Thursday sued scores of Wall Street firms, advisers and govern-ment-sponsored agencies that it alleged sold or issued
        Bloomberg Business News  -  416 words
      • Article, Illustration
        Lock icon Short-term correction for greenback
        525 10 USS/mjirk: The greenback staged a massive rally to a high of 1.5737 on Tuesday, only to retrace to a low of 1.5460 on Thursday. Given that daily stochastics are at neutral levels pointing down, further downside correction is possible. Initial support is seen at 1.5435, the
        Source: DBS Bank  -  525 words
      • Article
        Lock icon US credit unions fighting critical battle
        280 10 Growing legal fight with banks could reshape their future Bloomberg Business News [WASHINGTON] A growing legal battle with the banking industry could radically reshape the future of credit unions in the United States. At stake is whether credit unions will have to expel millions
        Bloomberg Business News  -  280 words
      • Article
        Lock icon BA Asia sets up credit spread team
        160 10 Bloomberg Business News [HONGKONG] BA Asia Ltd, the Asian securities arm of Bank America Corp, set up a Singapore-based team to trade Asian credit spreads. The new credit spread team, made up of three people, will be headed by Mike Hyde in Singapore,
        Bloomberg Business News  -  160 words
      • Article
        Lock icon Prudential fraud settlement could cost it US$2b
        355 10 This could spark farther downgrades to its credit ratings Bloomberg Business News [NEWARK, New Jersey] Prudential Insurance's settlement of life insurance sales fraud claims by policyholders could cost more than US$l.96 billion (552.7 billion), threatening the credit rating of America's largest life insurer.
        Bloomberg Business News  -  355 words
      • Article
        Lock icon JGBs plunge on rate hike fears
        230 10 run riii Report Reuter [SINGAPORE] Federal Reserve chairman Alan Greenspan's anti-inflationary comments sent shockwaves yesterday through the shortend of the Japanese yield curve, with Japanese Government Bonds (JGBs) leading the fall, dealers said. In a speech to the American Enterprise Institute on Thursday, Mr
        Reuter  -  230 words
      • Article
        Lock icon CURRENCY REPORT
        156 10 Reuter, AFP London The dollar nosedived under the influence of falling shares and bonds across Europe and Asia, where dealers were troubled by comments made by the head of the Federal Reserve bank, Alan Greenspan, who suggested that share prices were overvalued. At 1330 GMT. the dollar was
        Reuter,; AFP  -  156 words
      • Article
        Lock icon Prices fall as Iraq gears up for crude exports
        295 10 ENERGY REPORT Reuter [LONDON] World oil prices reversed some of the week's gains yesterday after Iraq said it would be able to start crude oil exports early next week pending a final United Nations report allowing partial oil sales. International marker
        Reuter  -  295 words
      • Article, Illustration
        Untitled
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        1,315 words
    • Article
      COMMODITY PRICES
      1841 11 SICOM FUTURES Dec 6 RUSBCR (Mures ctosinq is it 5.30pm) RSS 1 CONTRACTUS cents/kg) Close Volume Opto Month High Low Sett (tonnes) Interest Jan 97 176.00 175.00 175.00 900 800 Feb 97 178.25 2000 Mar 97 182.00 t81.50 181.50 200 1725 Apr/Jun 97 t86.00 185.50 184.00 300 3975
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      WORLD STOCK MARKETS
      2408 11 LONDON Mistrials D« Nun *h AB Ports 268.400 -7 AtXxy National 682 18.600 Allied Domecq 420.400 -10 Am* 89.400 -3 Aid* Group 117 -2 BAT Ind 453.400 -18.600 BICC— 262.400 -12 BOC Group 897 -16.400 BR Petroleum 674 -9.200 BTR 233.200 .600 Sink of Scotland 287.600 -8.400
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      Lock icon TOKYO
      1661 11 Reuter □Nikkei 225 -607.20 STOCKS plunged more than 3 per cent yesterday to their lowest in three months as rising government bond yields hurt financial issues. The 225-share Nikkei Average dropped 667.20 points, or 3.2 per cent, to 20,276.70 its lowest since Sep 9. That's the biggest one-day drop
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      Lock icon HONGKONG
      1685 12 Reuter Q Hang Seng -***** THE Hang Seng Index posted its biggest point drop since March yesterday, as a resurgence in interest rate concerns sent the blue chip index tumbling more than 600 points at one stage during the day. The Hang Seng closed down 388.83 points, or 2.9
      Reuter  -  1,685 words
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      Lock icon CHINA
      672 12 Reuter QShenzhen B Index +&53 THE Shenzhen B market continued its advance in active trading yesterday, with investors seeing B shares as cheap compared to their A share counterparts. The B Index rose 8.53 points, or 4.9 per cent, to 180.78, with turnover rising to HK5656.76 million from HK5506.51
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  672 words
    • Article
      Lock icon TAIPEI
      414 12 AFP QWP Index -UMB SHARE prices finished 1.6 per cent lower yesterday as investors rushed to sell blue chips. "Blue chips were hard hit after parliament asked for reduced stock investment by the government-run labour insurance fund," said a trader. The TSE Weighted Price Index dropped 112.68 points to
      AFP  -  414 words
    • Article, Illustration
      Lock icon JAKARTA
      762 12 Bloomberg Business News n Composite Index -6JB STOCKS fell yesterday on concern that corporate profit growth did not justify the sixyear high the market set on Thursday. "With a four-month view, these prices are too high," said an analyst. "Earnings growth will be reasonable at about 18 per cent
      Bloomberg Business News  -  762 words
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      Lock icon BANGKOK
      840 12 AFP Q SET Index -2L43 STOCKS fell 2.4 per cent to a three-year low yesterday on foreign-led selling following cautionary comments by Federal Reserve chairman Alan Greenspan, brokers said. The market was undermined by forced sales of shares bought with margin loans, a range of domestic economic concerns, conflicts
      AFP  -  840 words
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      Lock icon MANILA
      341 12 AFP Q Manila -2188 SHARE prices fell 0.8 per cent yesterday due to a technical correction, analysts said. The Composite Index fell 23.88 points to 3,139.45 points. Turnover was 4.6 billion shares worth 3.1 billion pesos. Analysts said a fall on the Australian market, triggered by comments of Federal
      AFP  -  341 words
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      Lock icon SEOUL
      454 12 AFP n Composite Index -&41 SHARE prices fell to a threeyear low yesterday following a government decision to sell more Korea Telecom stocks. The Composite Index fell 6.41 points to 699.89, its lowest close since Sep 22, 1993. Turnover was 23.8 million shares worth 388.3 billion won. "The index's
      AFP  -  454 words
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      Lock icon SYDNEY
      620 12 AFP PAD Ordinaries -612 SHARE prices dived yesterday, as comments from Federal Reserve chairman Aian Greenspan heightened fears of a sharp drop on Wall Street. "What Greenspan is saying is Wall Street is overheated and needs to come back," a broker said. "What the market is doing is pre-empting
      AFP  -  620 words
    • Article
      Lock icon WELLINGTON
      271 12 Bloomberg Business News kl Wellington -33.00 SHARES dropped 1.4 per cent as rising bond yields weighed on stocks. The NZSE Top 40share Index fell 33.0 points, to 2360.92. Decliners outnumbered advancers by 31 to five. DK M$ OOOi ANZ Banking 9.00 -0.15 6063 Advant*q*s HlOqt 1.25 unch ***** Air
      Bloomberg Business News  -  271 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon US rate hike fear takes its toll
        8426 13 Bloomberg Business News El Composite Index -33.62 STOCKS staged the biggest single-day drop in five months yesterday, plunging to a three-week low amid concern US interest rates will rise. "It's a reaction to the rise in bond yields; it makes shares less attractive,"
        Bloomberg Business News  -  8,426 words
    • WARRANTS & OPTIONS
      • Article
        TA Enterprises warrants likely to benefit if market rebounds
        3826 14  -  WARRANT WATCH By] R Sivanithy THE steep plunges seen yesterday could be taken as a potential buying opportunity. especially if investors find out that they may have misinterpreted US Federal Reserve chairman Alan Greenspan's comments on Thursday and there are no
        3,826 words
    • Article
      CLOB INTERNATIONAL
      2369 14 MALAYSIAN STOCKS Or Of 1996 Last Vol Day Lait Ouota Otv 01* YM Nat M Cap High Law Stno Company Sala COOP) High Law Buyar WN< H Cvr P/t $«W 625 360 m s 5000 AISB 50c 380 cd 10 33 384 378 378 382 SO 4.9 0.4
      2,369 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1020 15 TURNOVER rOOO) VAUK COOO) m» cm T«m MO cn> MuttoW 6*290 13.541 TMS1 »*492 26.MS MM§7 riMnM WJ51 s.s3o H,m «mt% »,sas »9.ooo HotM 2.5M 637 Vilt 7.4*4 1049 Ut) PropwttM 9.599 >,199 17.7M MM) 9M1 44.4M W4*4«l4« U3i im 4.309 4.309 973 S7] 1,900 1.900 •UW M47« 7,197 2M7C
        1,020 words
      • Article, Illustration
        HOT STOCK
        59 16  -  Shiv Taneja TAN CHONG MOTORS is a short term buy at current levels. Daily RSI and Stochastics are weU below 25, though the medium-term outlook is less certain, and investors should look at taking profit at $2.80. Directional indicators are neutral The stock closed six cents down yesterday
        59 words
      • Article, Illustration
        Greenspan remarks send shivers throughout market
        902 16  -  STOCK MARKET COMMENTARY Analysts said that investors take his comments to be a hint that US interest rates could head north soon R Sivanithy [SINGAPORE] Local stocks suffered a severe beating yesterday, following the resurgence of worries surrounding the future of US interest rates
        902 words
      • ON THE GRAPEVIME
        • Article
          Power to the WTO
          73 16 SINGAPORE planners for the five-day World Trade Organisation ministerial conference starting on Monday are leaving nothing to chance. A little bird told us that in the event of a power failure, there's more than ample back-up. Officials have planned for not one, not two, not three
          73 words
        • Article
          Help for the sick
          97 16 MORE on WTO planning. In case the 2,000 delegates and ministers get really stressed out arguing over substantive issues and need medical attention, they will find themselves well provided. Level 5 of Sun tec City is a sprawling medical centre served by 120 medical personnel, and
          97 words
        • Article
          CDD-820 where did you go?
          100 16 WEARNES PERIPHERALS said yesterday one of its 12-tonne truck carrying precious CD-ROM drives was "high-jacked". The truck, carrying 2,400 units of CDI>B2O, 8-speed CD-ROM drives, was travelling about two km from its factory in Johor Baru towards Singapore when it was waylaid by three men
          100 words
        • Article
          Where to meet and eat next?
          65 16 WING TAI HOLDINGS' announcement of its purchase of Cairnhill Hotel has upset some developers. It's not over their not clinching the deal but rather the fate of the Crystal Jade Chinese Restaurant housed in the hotel. The restaurant is popular with many in the
          65 words
        • Article
          Not all economists can count
          64 16 JOHN LIPSKY, who has a PhD in Economics from Stanford University, may look serious but he has a lighter side. Speaking at an economic presentation in Hongkong yesterday, the chief economist of Salomon Brothers Group has this to say about the economists' trade. "How many
          64 words
        • Article
          Hooters on the prowl
          132 16 VENTURING into Clarke Quay is not without its perils, particularly if the prospect of being a "Hooters' Girl" does not top your list of priorities. American theme restaurant Hooters, it seems, has taken to "snaring" recruits for its new Singapore restaurant off the street. Two of
          132 words
    • Article
      MAIN BOARD
      4466 15 Of Or M m 1996 Last VI Day Laat Owti Otv 08* YM MM Cap A** W» L— Itfta Cimpamy tuf rooot N8» La» Wurm 8a8ar Co W Prtoa MOUSTRMLS 5146 ASC NT$10 200 US- K>00 900 ASF US$0.***** US900 MS «0.0 214 165 1258 AcarSOc US170 -9
      4,466 words
    • Article
      SESDAQ
      946 15 LA4» y«t. #*Y LMtOiMt* M* 0*v YM N«« C4* A*4 Um mm C tmtmi WW w» U» •mfm %mm Cw w flwi! 299 US 4 2000 AM HMai 5c 173 -7 34 140 171 172 174 3.0 14-2 at toa.1 74.9 183 m 2 204* 132 -t 915 137
      946 words
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      64 7 Meeting in Singapore Seafood at Singa Inn Chilli crabs, night.(ix)l sea breeze. Warm hospitality. Asean lobster salad, Cultural Show (Bpm nightly, Monday to fishes, plus many A great place mon> Singaporean cuisine. Open-air. Tropical to unwind. Singapore's Largest Open-air Seafood Restaurant. s TO CHANO MHOtr m Seafood Restaurant 1 920
      64 words
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      153 8 .^£4 f EF-^ Presenting the e I 5 °f Tryk We know they might not look Eveiy month you can feast on different like chefs but believe us, they are dishes in a buffet that combines the grace of dressed appropriately. Rembrandt, the originality of Picasso and the j You
      153 words
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      28 9 LET US CHANGE YOUR LIFE BY CHANGING YOUR OLD SERVER. CHANGE YOUR SERVER WITH OUR TRIPLE JUMP PROMOHON. aii! UillaLlllltliillA'AlItldAAafclJAiialiUl) I'iaMiitMiililMallkliilllL] u7*l Ifrl ill Mnil [T*] irTTiTiTy] fi
      28 words
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      139 13 Send lO fro» faxes today! a I I Ij&xMAILER J|& Got an Internet account...try out M Send e-mail to any place in JSp I 1 L *PI Asia One's Fax Mailer where you T"W continental United Slates from I Ifa—Jjjlt; can send e-mail f/# Mm H I Ik anywhere in
      139 words
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      69 14 IK t ong's Circuits (Holdings) Ltd ("Wong's") one art technology and the capability to manufacture complex W W the largest printed circuit board (PCB) manufacturers PCBs, Wong's is well positioned to take advantage of in Hong Kong with about 100 active customers WONGS 3E ft increased demand for higher margin
      69 words
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      68 15 Sole Agent DICKSON WATCH JEWELLERY (S) PTE LTD IfC PVI m CHOPARD BOUTIQUE: WISMA ATRIA 435 Orchard Road #02-36 Singapore *****7 Tel: *****51. DICKSON WATCH JEWELLERY: THE PROMENADE 300 Orchard Road #01-03 Singapore *****1 Tel: *****00. CENTREPOINT 176 Orchard Road #01-05/06 Singapore *****3 Tel: *****22. SUNTEC CITY MALL 3 Temasek
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      Page 15 Advertisements Column 2
      26 15 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall CJLT.S. at 1800-737-1166. Another Classified Ssrvtoe
      26 words
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      1626 16 THE STRAITS TIMES CLASSIFIED YOUR GUIDE TO MORE PRODUCTS SERVICES jjgJ BUSINESS Notices r<> u>\ i:ki isk t am. ioi.i-i ui.i; is(H»-74i iss.u IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND FESTOON INDUSTRIES PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the abovenamed company
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      Page 16 Advertisements Column 2
      33 16 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents please call our jJ Customer Services Section on 1800-749-2577 Home Decor -For people who love their homes
      33 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Films in search of funding
      1648 17  -  COVER STORY Singapore's movie industry, say local filmmakers, is in a chicken-and-egg situation. It has no track record, so investors are reluctant to fund local productions. But with no funds, filmmakers will not be able to gain experience from working on feature film projects, toh
      LIM SIN THAI/ST  -  1,648 words
    • STRAWS In The Wind
      • Article
        Austen's law?
        86 17 IN THE legal world, lawyers who correspond with other lawyers always use the words "Without Prejudice" on top of their letters, which essentially means that the contents of the letters cannot be used against them in court. One legal firm, however, isn't quite sure what to make of
        86 words
      • Article
        So long, farewell
        65 17 WHEN the end of the world arrives, how will it be reported? Here are some possibilities: USA Today:"We're Dead" Wall Street Journal: "Dow Jones Plummets As World Ends" ♦National Enquirer: "OJ And Nicole, Together Again" Victoria's Secret Catalogue: "Our Final Sale" ♦Rolling Stone: "The Grateful Dead Reunion
        65 words
      • Article
        Homespun philosophy
        40 17 WE'RE not sure if it has anything to do with the property market, but the general manager of one property company has this spaced-out greeting on his voicemail: "Not knowing when is a step away from realisation Speak."
        40 words
    • PROFILE
      • Article, Illustration
        Lock icon A message straight from the heart
        1041 18  -  Pray for the poorest of the poor, love someone who suffers, Mother Teresa tells «»—w Mmm-j from her room in the intensive care ward of the Birla Heart Research Centre, Calcutta GABRIELE ROMAGNOLI NYT Mother Teresa's room is on the first floor of the
        NYT; FILE PHOTO  -  1,041 words
    • PURSUITS
      • Article, Illustration
        Lock icon All for the love of glass
        952 19  -  Mei Tan gave up her job as a town-planner to pursue her passion for glass. It was a love affair that took her to Europe and America before bringing her back to Singapore to set up her own workshop, she tells oorimmuuukk CORINNE KERK
        PHOTOS BY CHRIS LOH  -  952 words
      • Article, Illustration
        Lock icon Feeling good at Fabrice's
        364 20  -  NIGHTSPOT By A Surendren ON A Mauritian holiday several years ago, I discovered the most infectious rhythms in dance and music, and never forgot them. In fact, it was there that I did the Lambada, long before it became a world hit. In the same way,
        ARTHUR LEE  -  364 words
      • Article, Illustration
        Toying with a child's affections
        660 20  -  CINEMA We don't mean to sonnd preachy, but the parental values in Jingle All The Way leave much to be desired By, Jaime Ee IT'S getting increasingly hard to tell whether Arnold Schwarzenneger's in an action movie or a comedy these days. In Jingle All
        660 words
      • Article, Illustration
        Lock icon One-stop merchandise mart
        556 21  -  CINEMA Space Jam, a reasonably good flick for kids with sawy commercial tastes, is really all about salesmanship By, Janet Maslin NYT SPACE JAM may well be the only film in which Looney Tunes characters openly discuss merchandising tie-ins. As Daffy Duck asks Bugs Bunny when the
        NYT  -  556 words
      • Article, Illustration
        WHAT'S ON
        372 21  -  Compiled by M Yasotha PEETORMAMCE 4th Asean Dance Festival Organised by the National Arts Council, this five-day event will showcase the talents of leading choreographers and dancers from the seven Asean member countries. Traditional and contemporary Asean dances, which draw on the rich cultural diversity and heritage of
        372 words
    • EPICURE
      • Article, Illustration
        Scrumptious Sunday spreads at the Greenhouse
        472 22  -  CHAMPAGNE BRUNCH It doesn't come cheap, but then again, the buffet at The Ritz-Carlton's cafe is hard to beat By Corinne Kerk IF YOU often find yourself waking up late on Sunday mornings with your stomach crying out for food, then perhaps you should
        472 words
      • Article, Illustration
        Lock icon Beers for every occasion
        798 22  -  Fancy a fruit-flavoured brew or some traditional ales and bitters from Europe's finest houses? Chances are Lam Kwi Peng stocks them, smv tameja meets the man with a taste for esoteric beers SHIV TANEJA PANCYan after-dinner drink? No, not port or cognac, but a beer or
        ARTHUR LEE  -  798 words
      • Article, Illustration
        Bowled over by the noodles
        547 22  -  RESTAURANT A search for mouthwatering ramen ends satisfactorily at the Harbour View Dai-Ichi's new Hatsn restaurant By, Jaime Ee THE TRIP to Matsu was a spur of the moment thing. This tends to happen if you're a big fan of Japan Hour's Tsuiseki segment, where
        547 words
    • Article, Illustration
      CIMEMA
      1140 23 The Adventures Of Plnooehio. Martin Landau plays the old woodcarver in this animation and live action version of the classic tale about a wooden puppet that comes to life. Queenstown, Princess, Clementi: spm. Golden: 5.30pm. New Crown: 5; 12am. Mandarin: 11; 4.15. To Heaven X Charlie and Itchy are
      1,140 words
    • TRAVEL
      • Article, Illustration
        Lock icon Tracks across the Transvaal
        1399 24  -  Rovos Rail in South Africa combines the romance of a train journey with the heart-palpitating thrill of a safari, mark graham revels in its heady mix of nostalgia and nature MARK GRAHAM AT DAWN, the gentle chug-chug of a steam engine fills the air. By nightfall,
        PHOTOS BY MARK GRAHAM FOR BT  -  1,399 words
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      9 17 Pursuits All for the love of glass EL 3
      9 words
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      Page 17 Advertisements Column 2
      111 17 Travel Tracks C across the Transvaal EL 8 t— #> Words (ail us. First STPB votes us Hotel of the Year Then three leading travel magazines heap on their own accolades. Business Traveller rates us Best Hotel in Singapore (for the second year running). Travel Leisure does the same, and
      111 words
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      79 18 s 4 All you need to do is take out a Special Feature in our group of newspapers. Not only is rt an effective way to celebrate your special events and milestones; it is an excellent opportunity to increase your corporate profile to the people who matter your potential customers
      79 words
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      48 19 > ,-fs V- f-' r vfe ~i 'Jr. V 'J 4 i.^r: Kl^r nr ■1 %'-£*:'<r r d^ .dk£(»£V Wiftf Stfc < M 11 I li^Bfifl- v bf m m^m 563 Orchard Rood #01-42 Forum, Th» Shopping MaN. Singapore T«l: 733 6272 435 Orchard Rood l*v»l 1, baton Orchard Singapore
      48 words
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      205 20 Like love, good food can be found in the unlikeliest places. And here at Streeters, candlelit dining is a daily affair. But while dates may disappoint, our fine Mediterranean food certainly won't. So fall in love. Even if it's just with our Seafood Paella. 35 KEONG SAIK RD TELEPHONE 221-1997
      205 words
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      Page 20 Advertisements Column 2
      38 20 <9^ I pyHSSbK mr I..llwin 'jii SINGAPORE'S MOST INSPIRING HOMES 143 PAGES OF WONDERFUL ROOMS AND IDEAS A GREAT BOOK FOR YOURSELF, FAMILY OR FRIENDS GET IT AT TIMES THE BOOKSHOP IN CENTREPOINT. PLAZA SINGAPURA AND RAFFLES CITY
      38 words
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      586 21 Where to wine, dine and entertain fIimiIIPPINHUIMMIHHUMIIIIIIIIIIII t/ts £ve i -^strty AMARA BALLROOM 1& 2 J 7.00 PM- 1.00 AM It's the season for merry-making again, |j I and this year at the Amara Singapore, j we're throwing a fabulous party! j I.ots of food, karaoke singing, j I disco
      586 words
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      Page 21 Advertisements Column 2
      172 21 LONGEST rfi-Tea m Tow Now from 12 om to Spm DAILY fMon-Sunl BY POPULAR DEMAND! £east on our spread of Pastries. Nonya Kueh, I and local favourites like Mee Siam, Laksa, Rojak, Mee Rebus and more! Adult: $12.80 (Sat. Sun A Public Holidays: SI3 80) Child: $7.80 Subject to service
      172 words
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      Page 21 Advertisements Column 3
      74 21 BIGGEST Dian Xm Restaurant 1 At The Neptune on Shenton Way i Dian Xin/Lunch I 11.30am-2.30pm ®u*JM MphlM 7TH FLOOR. OVERSEAS UNION HOUSE, j ."OUTER quay. SINGAPORE *****1 TEI 224 3922 A Bigger Better Tiinch I a MORE VARIETY EXCELLENT VALUE ■fifc SAME OLD PRICE ChHMRII $13.80+++(adult) $B.oo+++(Child) Sat/Sun/PubHc Holidays
      74 words
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      100 22 ITheßusinessTimes I SINGAPORE For Sharper, I Faster I and Deeper I I analysis of the Business World. 1 Hi Start my j >*. I I; TheßusinessTimes >01 |i Subscription now I I I I Name (Mr/Mrs/Ms/Dr*): j 1 I Telephone No (H): j j j j Ij Profession: m j
      100 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2064 23 TODAY'S TV uooiSEroBDTiEWDro mmmmmsnstai i" SSrJr ILOO AM TV Innovations. Kaanbom Karpom Charitable Conference. This includes X 4» 19%jVTP Tour Highlight Tamil Seithi. voices the logistics and physical 3.00 Tennis World. 800 12 (M). work needed to cpt the 3 30 Golfing World. p 8,30 Shan^rilla (M). M 4 WOrKneeaeatOgettne
      2,064 words
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  • WTO reshaping world trade
    • Article, Illustration
      Lock icon Taking Stock and Moving Forward
      871 25  -  Review of the past will set the tone for the WTO's inaugural meeting By Vikram Khanna As the world's trade ministers and their cohorts assemble in Singapore over the next couple of days, they will be preparing for a week that will be more intense
      SIEW YAW HOONG  -  871 words
    • Article, Illustration
      Lock icon Beyond the Uruguay Round
      2656 26  -  A question-and-answer guide to the evolution of the WTO Ministerial Conference in Singapore By Vikram Khanna The author is BT's Regional Economics Editor Q. What is the significance of the WTO meeting that will be held in Singapore? The Singapore meeting will be the first WTO
      FILE PHOTO  -  2,656 words
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      Lock icon Charting an effective course
      980 28  -  There is much to talk about but the atmosphere is calm By Bahram Nowzad The author, a private consultant based in the US, was formerly chief editor of the IMF in Washington, DC. The inaugural ministerial meeting of the World Trade Organisation convenes in an atmosphere
      ALLAN  -  980 words
    • Article, Illustration
      Lock icon Open trade: still miles to go
      1166 29  -  The gains of trade liberalisation are enormous as seen in the last decade but a lot more work is still left By Vinod Thomas The author is director of the Economic Development Institute at the World Bank in Washington, DC. Few global changes in
      FILE PHOTO  -  1,166 words
    • Article, Illustration
      Lock icon Counsel from a trade guru
      2586 30  -  Top economist Jagdish Bhagwati discusses what will be at stake during the WTO ministerial meeting By Vikram Khanna During the first ministerial meeting of the World Trade Organisation (WTO) in Singapore, somebody of stature should issue a call for global free trade within the first
      FILE PHOTO  -  2,586 words
    • Article
      Stop playing the regional game
      431 30 An avowed multilateralist, Jagdish Bhagwati is not the greatest enthusiast of regional or preferential trade agreements and points out that a lot of the claims of "open regionalism" made by apologists for such arrangements are "just bunk". Major traders such as the US and the
      431 words
    • Article
      Need to beef up the WTO
      356 30 We're accustomed to thinking of international organisations as tlabby and overstaffed. But Jagdish Bhagwati thinks that when it comes to the WTO, the opposite is true. "It's got to the point where even part of the bone has been shaved off," he says. "The
      356 words
    • Article, Illustration
      Let's push forward
      1402 32  -  The US is seeking a business-like board of directors meeting in S'pore with a forward looking agenda By Alan P Larson The author is US Assistant Secretary of Statefor Economic and Business Affairs. The entry into force of the World Trade Organisation in 1995 was a momentous
      1,402 words
    • Article
      'Trade Realism' is the new mood
      852 32  -  President Clinton needs to reach a deal on trade soon with the Republicans and that will chart the US course By Leon Hadar The writer is BT's Washington correspondent In 1994, when the United States played a lead role in persuading 120 other nations
      852 words
    • Article, Illustration
      Lock icon From the Asean point of view
      1153 33  -  What are the issues of consequence to the grouping and what response would be called for By Mukul Asher The author is Associate Professor of Economics at the Department of Economics and Statistics, National University of Singapore. The Association of Southeast Asian nations (Asean)
      FILE PHOTO  -  1,153 words
    • Article, Illustration
      Lock icon EU hopes for a united front
      979 35  -  The EU is likely to take a soft line on labour standards and call for a WTO initiative to liberalise cross-border investments By Shada Islam The author is BT's Brussels correspondent The European Union's trade negotiators face a double challenge in Singapore: Their main
      FILE PHOTO  -  979 words
    • Article, Illustration
      Lock icon Still no entry for the dragon
      1465 38  -  Will China succeed in its third attempt to join the WTO? Many finer points still need to be ironed out, especially with Washington By Lu Ning The writer is BT's China correspondent Ever since the mid-year fence-mending trip to China by US National Security
      FILE PHOTO  -  1,465 words
    • Article, Illustration
      Lock icon Telecoms: dial L for liberalisation
      1442 40  -  Freeing up telecommunications services within member countries will be one of the biggest challenges at the WTO meeting By. Alexandra Rehak The author is director of Asia for Pyramid Research, a telecoms market research and consulting firm based in the US and Singapore. One of
      FILE PHOTO  -  1,442 words
    • Article, Illustration
      Lock icon On track for a flexible IT pact
      719 40  -  There are only minor hurdles on the way to a historic pact on IT trade By Richard Sicard The author is manager for the Asia-Pacific, Digital Corp. The global economy is becoming more cohesive and more competitive every day with information technology (IT)
      FILE PHOTO  -  719 words
    • Article, Illustration
      In search of credibility
      763 40  -  The WTO is a young organisation that needs to prove itself as a watchdog of trade By Rolf Langhammer The author is Professor of Economics at the World Institute of Economics in Kiel, Germany. The WTO is a young institution seeking to establish and enforce binding
      763 words
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      Lock icon Case for an investment treaty
      1151 41  -  The OECD countries believe the time is ripe for a system of rules to safeguard international investment < H By William Witherell The author, who is the OECD s director for financial, fiscal and enterprise affairs, is closely involved in the OECD's negotiations for a
      Source: OECD (1996) and WTO Secretariat estimates; FILE PHOTO  -  1,151 words
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      Lock icon Free traders vs Greens
      1189 42  -  Environmentalists and freetraders must realise that give-and-take and coordination are essential to success By Simon Tay The author teaches international environmental law at the National University of Singapore. He is the editor (f Green Trade and Asian Dragons, a book on trade and the environment in
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      Lock icon The happy wanderer's guide
      1681 43  -  Five itineraries have been packaged to offer visitors a taste of Singapore's myriad attractions By Jaime Ee,Audrey Tan Jaime Ee is BT's Lifestyle Editor while Audrey Tan is a reporter with BT If you wanted to look at world trade from an achingly simplistic point of
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      Lock icon A gourmet's paradise
      1177 44  -  Singapore may be just a tiny dot on the map, but some of the world's best cuisines have found their way here By Jaime Ee "Where to eat?" is an innocent enough question, but in Singapore, that could spark off a heated debate as diners spar over
      FILE PHOTO  -  1,177 words
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      Lock icon Time out to hit the nightspots
      1659 45  -  A guide to Singapore's watering holes and other nightspots —places to head for after sweating it out at the meetings By Audrey Tan The number of nightspots in Singapore are simply too numerous to count. Here are a few suggestions. PAULANER BRAUHAUS For brewed-on-site
      FILE PHOTO  -  1,659 words
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      348 25 Beyond the Uruguay Round pg2 The WTO meeting: a global perspective pg4 The unfinished business of trade liberalisation pgs Conversation with trade expert Jagdish Bhagwati pgt The US position on trade issues pgt An Asean perspective pgt What the Europeans are looking for pg 11 China's struggle to join the
      348 words
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      257 28 Nortk Asia's Dynamic Economies In One Pond. Tke Sckroder Nortk Asia Fund. ■Py; w Hflfr jmjJm Tke Sckroder Nortk j|^^H^^&^^^^^^^^H|^^C urren tly, Sckroders prospectus, simply ring our Customer Help Aaia Fund seeks to achieve d a s approximately $23 Line on 534 4288. Alternatively, mail tke long term capital growtkr
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      41 34 All crucial documents of the World Trade Organization Conference will be printed by HP LaserJets. M I iiViiiif f 'i Sfflfif 2 j>#V 1 'iSxffi&i k nil I I r iMWiff I I| 1 3' v BP*.* v< v.? *s*y rr^reE^fl^B
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      193 35 A Great Location For Business or Leisure v 7] inHvl JSP^^3 Vi 1 LOCATION Conveniently located on Singapore's renowned tourist and shopping belt and minutes from the business district, the Orchard Hotel boasts 680 well-appointed rooms. ACCOMMODATION Deluxe rooms feature such special amenities as in-room electronic safe, CNN, HBO and
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      248 35 No Other Airline Unites The States Better From Singapore. HB flHf I H HI JB^- taai\ C Winnipeg ,V,' t New Vhifc a>«i*> ji'' Snntr !>«"» V.. 2 2 rortbnd So* Ldr C«y ,i V IVnUr <**« »i"WN San Fnncncn v r nc u Mrmphr. I t AibmJ Ptw*m* Lm
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      651 37 KONE Elevators lib ÜBS W* cK/-'>,.r S'..-^y-^'jGtfiwy'&pf*j. F,V- »fciw< Will nWw i K $4i *s!!£]B^Sft2EHrei Quolity Policy Statement We ore committed to providing products ond services which ore to the sotisfaction of our customers, and in accordance with the agreed requirements, everytime. LIANG SENG HENG INDUSTRIES PTE. LTD. Petnimpin Industrial
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      49 41 Is proud to present "FIRE AND EARTH" An Exhibition of rare and exquisite ceramics spanning more than 3000 years of y I the artistic heritage na 7 15th December 1996 j»' M 10am 6pm daily JfU fICM Tanglin Shopping Centre F Tanglin Road HAN DYNASTY DANCING FIGURINE C.lOO BC
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      97 42 The perfect setting" for perfect jewellery. y ".ifcV A.\ 3 *V* >,& r -V,;*"V* v x. 'v <£' k. l l »V V n?:-;.- 'v V Ngee Ann City Perfection. Come experience it at Je Taime. Where every piece ol jewellerv and everv gem is brilliantly crafted to exceed your
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      151 43 PP® APOLLO HOTEL SINGAPORE I I WELCOMES DELEGATES TO fl I WORLD TRADE ORGANISATION I I MINISTERIAL CONFERENCE I I (9th to 13th December 1996) I IV H For our Hotline H I MERCURY CLUB RESERVATIONS -(65 739 6405/406 I I ROOM SSI 50.00 FAX 65 733 1588 I SALES
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      181 44 H rapidly shrinking world, Digital's ASEAN operations are fittingly I I m Hi HHH HI JHk borderless. Our seamlessly business offers you the HjH m I Bl I H Advantages and the convenience —of common prices, contract terms, products and services wherever you need them in the region. To make
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      256 45 |§HI Be pampered at the Spa of Genesis Singapore's biggest spa. With a wide range of spa facilities, you can really take off and relax.There's Shiatsu, aromatherapy and Swedish massage to soothe tired muscles. Or simply relax in the jacuzzi-hydrotherapy pool to relieve tensions and strains. vvt; There's something for
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      176 45 five-day seminar for experienced senior executives seeking new ways to enhance the effectiveness of your organisations. You will: t\uhrt(?u '1 Analyse and formulate ihe overall strategies of ie top business sc/toolx your organisations; I 1 Translate your organisational mission ond strategy I (fot itS BBA) by I into multi-functional action
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