The Business Times, 14 December 1996

Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 14-15,1996
    13 words
  • 57 1 D MM (-3.41) niHH mM MBL3O (-2.40) n BTOOHP mM Usui (-13.10) irwA WM (+11.02) Friday Ch*ie RISE COUP U»« UJt wm„ MMIM—-MMt HANOJKM tt?WJ7 _-HMI JAKAJtTA 06MP __JK4®ZZZ.-144 3 MANILA COUP-JMMIt -Ul TA1PH WH UM.lt -til SEOUL OOMP MOT -Ml CUM CHINA B UtIIJi tiLM aubt allow
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  • 69 1 BB8ANBB BATES m ss U*_- UN A.. MM Itt U47 MM Wilt 8888 LS8 Itt. MM MM hks e.m 0.181 BAJff MM MM RUPIAMIM MM MM PUB UTS SINGAPORE* 144 KUALA LUMPUR 9.2S JAKABTA 18.W BAMKOK ISA MANILA ISJC HOMXONG AM TAIFfl IS SYDNEY MM TOKYO tn SHXJL MJS
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  • 646 1  -  Cheow Toog wins high praise from many for his deft handling of chairmanship By Yang Razali Kassim [SINGAPORE] Trade ministers yesterday declared victory for the world's multilateral trading system at the conclusion of a taxing but highly successful first ministerial meeting of
    CHRIS LOH  -  646 words
  • 576 1  -  t/ And takes along with it rich and poor countries alike, says Tlknun Itißßi Vikram Khanna HUH HE decisions the ministers adopted cover the past, the H present and the future of the multilateral trading system, B HH WTO director general Rensto Rugglero
    576 words
  • 313 1  -  Bnt late rally lifts most markets from day's lows By' R Sivanithy [SINGAPORE] A second successive correction on Wall Street on Thursday again dampened regional equities yesterday, although in almost all cases an afternoon rally helped prices to finish off the
    313 words
  • 98 1 Bloomberg Business News [NEW YORK] US stocks wi| nessed sharp fluctuations in early trading yesterday and was slightly up by afternoon. The Dow Jones Industrial Average first slid 52.3 points in the first hour of trading as bond yields rose, rallied 40/® points as bond
    Bloomberg Business News  -  98 words
  • Page 1 Advertisements
    • 103 1 Be dJEranftto festive season. Make, rathe* than buy, your presents. It Isn't as crazy as it sounds, BU WHICH or trust? A fund manager tells what an investor must look out awiuw yrtftt OJft, pg Shares look expensive at PER of 34 times. Mm a«s*fc| state, jv Alt would be
      103 words
    • 76 1 More reports, Pg 4-5 llm .111 O lll.isl < II IM I II MM < il! ,1! ij IVI I < q.lll hii'iMri FA AN(H ACIURf Girard-Perregacjx i>i i>(iis i 7^l I m lusur Distill)!,!.., I'!.- I 1(1 I( H7 MHh N A 'A > < I N I i
      76 words
    • 11 1 Regional markets, Pg 12-16 Nikkei's fall sets off alarms, Pg 7
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  • SINGAPORE AT HOME & ABROAD
    • 314 2  -  Lower costs and ease of doing business pot S'pore ahead: ITER managing editor By. Diana Oon ASIA-BASED executives prefer Singapore over Hongkong as a location for regional headquarters, according to a survey by the news weekly Far Eastern Economic Review.
      FILE PHOTO  -  314 words
    • 204 2 TJSLECOMMUNICATIONS Authority of Singapore's (TAS) operating income for the year to March rose 34 per cent to $52.13 million, boosted by income from licence and fN4«ency fees and miscellaneous income. Income from licence and frequency fees rose 14 per cent
      204 words
    • 1370 2 CITY FUGHT ETA FLIGHT ETD T 8Y621 0355 VM745 1255 VM744 1355 ZZT S0229 2220 WP« WO VW740 m SSL S0327 0820 «L044 0125 J™ g» "J" g KL837 1540 ?1T5 0J26 2355 fY37 W50 AY3S 2135 S026 2355 Mrehiaa S09T7 172# S0978 0M5 Mkw OS546
      1,370 words
    • 108 2 COFFEE lovers now have one more place to indulge in their favourite brew Starbucks Coffee, which opens its first Singapore outlet today at Liat Towers. A favourite with Americans, US-based Starbucks is confident of winning over Singaporeans with its brews and its special concoction,
      Siew Yaw Hoong  -  108 words
    • 337 2  -  28% in survey name response time as No. 1 issue By, Annette Pau INTERNET access costs and phone charges, plus response times to websites, are the biggest concerns for users here, according to an independent online survey. About 28 per
      337 words
    • 127 2 A SET of three phonecards to mark 15 years of the productivity movement will be put on sale from Monday. They will be sold at $30.90 per set (inclusive of GST). Produced by the Singapore Productivity and Standards Board (PSB), the limited edi- tion phonecards
      127 words
    • 215 2 THE Royal Holiday Inn Crowne Plaza at Scotts Road is spending $20 million to upgrade the hotel. It said its extensive upgrading programme is aimed at strengthening its position in the five-star hotel category. The renovations, which are under way, are expected to
      215 words
  • Page 2 Advertisements
    • 84 2 For real-time «3 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 You may have been unable to get your copy of The Business Times. The Straits Times. The Sunday Tunes. ban He
      84 words
  • Page 2 Miscellaneous
    • 455 2 THE WEATIim niaf |im u Showers with thunder in the afternoon mainly affecting northern and eastern Singapore. Temperature (30-23) Aate-Pldb W/Lo* Goad. Enropc HVLo* Oh! America Hi/bo* Good. Airfclnnd £116 Sunny Anotrnlnm 0& Cloudy AluU 15 W Kur Bnnriu* JT2I Sunm Aim I&H7 (Vuih Bumkk Aim 23-12 (loudv Branft U/4
      455 words

  • Page 3 Advertisements
    • 178 3 Wherever there are development opportunities I II |i China to to Korea. global partnerships interested Asia. Leading transactions in the ma||et&ltfith a retwotfef£^M^^^l H H ,<« j^| world class custody services available in I I Singapore's leading pR?7W Stockbroking Group Extensive network in Asia. of Custody Services LpiMM^^^ in Asian
      178 words

  • THE WTO MINISTERIAL CONFERENCE
    • 766 4  -  US and EU land Asian flexibility and willingness to compromise By] Kenneth James FOR those who said yes to the landmark Information Technology Agreement (ITA) yesterday, it's "pop open the bubbly" courtesy, perhaps, of the European Union which also clinched a valuable spirits
      766 words
    • 484 4  -  MNCs, local exporters seen as main gainers; lj-1 I li I ifil I Aaa indirect oenents toe for domestic suppliers By, Jennifer Lien, Annette Pau HEADS of local electronics firms yesterday welcomed the Information Technology Agreement (ITA), saying the tariff cuts would lead to
      484 words
    • 254 4  -  By: Kenneth Jemes IT WAS clearly a good day for American companies, and they wasted no time saying so. Even as photocopiers churned out copies of the "Ministerial Declaration in support of an ITA", US officials were handing out thick sets of
      254 words
    • 128 4 'This has been extremely efficient and sober. Singapore wanted the conference to start on time, end on time and send away a lot of happy delegates. I think they succeeded.' Store Pnrsey, of the Brussels-based International Confederation of Free Trade Unions (IC'I'IU) 7 regard it as astonishing
      128 words
    • 925 4 EXCERPTS from concluding remarks by Yeo Cheow Tong. chairman of the Ministerial Conference, Minister for Trade and Industry of Singapore THE Singapore Ministerial Conference has been an outstanding event in all respects. I want to pay tribute to the application and devotion which all my
      CHRIS LOH  -  925 words
    • Article, Illustration
      29 4 BON VOYAGE: A delegation taking time for a souvenir portrait at Suntec City yesterday as they left the closing session of the WTO ministerial conference. ERIC CHU
      ERIC CHU  -  29 words
    • 451 4  -  Catherine Ong, Larry Wee THE Singapore Ministerial Conference has shown that world trade can be freed up without waiting for a formal round of trade negotiations, acting US Trade Representative Charlene Barshefsky said yesterday. If the world had to
      451 words
    • 1674 5 Excerpts from the final ministerial declaration of the World Trade Organisation (WTO) after the five-day meeting here WE, the Ministers, have met in Singapore to assess the implementation of our commitments under the WTO agreements and decisions; review the ongoing negotiations and work programme; examine developments in
      CHRIS LOH  -  1,674 words

  • Page 5 Advertisements
    • 152 5 m SHf* mum? Is? fit.: SOF~ 11I8& The other is information. Because no bank to integrating global networks. And our consultants City Bank learned. When it takes information to run moves a single dollar without it. And helping clients help businesses uncover revenue potential hiding in your business, it takes
      152 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 764 6 Those polled for their views on next week's Singapore stock market outlook are: Alliance, Daiwa Securities, Deutsche-Mor-gah, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, OCBC Investment Research, Phillip Securities. Natsteel Ltd ♦(Boy) OCBC Investment Research, Dec 11 ($3) Buy the stock up to S3. Its earnings
        Figures denote number of respondents.  -  764 words
      • Article, Illustration
        312 6  -  Tong Foo Cheong assistant director Prudential Portfolio Manager Singapore Ltd Urn HAILAND has the I worst performing eqX uity market this year in Asia, with the broad stock market down more than 30 per cent. Economic growth and corporate earnings forecasts were progressively downgraded during the year
        312 words
    • 879 6  -  A Citibank fund selector suggests looking at longevity, risk and performance Uyi Shiv Taneja (SINGAPORE) BEFORE that year-end bonus disappears on impulsive buys of baubles you probably don't need, you might like to do something more boring, but sensible, like invest for
      879 words
    • 613 6  -  BYE ON THE REGION: BOMOKOMO Fromi Quak Hiang Whai in Hongkong THE Hongkong bourse badly needed the current correction, having gained over 30 per cent in value while most Asian equities consolidated most of the year. As the year closes, investors are taking profits on recent
      613 words
    • 984 6 Next publication date: Jan It 1997 n—mm xn»i,w» tamMMdairih' LTI Mi Ut BSJ* IW BJf CL'Suiaapore Growth 28/07/1969 -1.01 II 2.62 7 6.52 I 32 48 I 20.23 I 13.05 6 OCBCSaven Capital 27/04/1917 2.31 1 4.U I 3.12 2 17.76 4 17.7 2 22.21 2
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    • 852 6  - Turning vision to reality with help of exec condos The Back of the ENVELOPE With ECs, govt's Vision 99 promise can be kept -at reasonable cost By David Goh The writer is a lecturer Banking Finance Division) atNTU. This fortnightly column will cover both the property and financial markets. ONE
      852 words

  • REGION/WORLD
    • 353 7 SHANGHAI Reuter THE Chinese authorities acted decisively yesterday to stop extraordinary price movements on the country's two stock markets by imposing a limit of 10 per cent in the movement of any stock on one day. In announcements made after the market closed
      Reuter; ALLAN  -  353 words
    • WORLD Watch
      • 77 7 Bernama, Kyodo News [WASHINGTON] The US Defence Department may seek small cutbacks in troop numbers in East Asia in its just-started quadrennial defence review, a department source said yesterday. "There is a big possibility for small changes (in East Asia)," the source said. As
        Bernama,; Kyodo News  -  77 words
      • 67 7 Reuter [WASHINGTON! The US said on Thursday it is still investigating a deadly truck bomb attack in Saudi Arabia and declined "to ftiel any war fever" over speculation about US retaliation against Iran if it is found to be involved. Pentagon spokesman Ken Bacon said
        Reuter  -  67 words
      • 49 7 Bernama [PENANG] Malaysia and Singapore have agreed to work harder to achieve and maintain recreational water quality standard in the Johor Straits by the year 2006. This was among the agreements reached by the Joint Committee on Environment at its annual meeting yesterday.—Bernama
        Bernama  -  49 words
      • 54 7 Reuter [NEW YORKJ The UN General Assembly on Thursday rebuked Myanmar's military leaders for suppressing opposition. US Ambassador Madeleine Albright said the government did not meet minimum human rights standards. The assembly's resolution accused Myanmar of using forced labour, torturing prisoners, abusing women and
        Reuter  -  54 words
    • 72 7 [HAVANA] Cuban President Fidel Castro giving an improvised speech at the Palacio de las Convenciones in Havana on Thursday after Ecuadorian painter Oswaldo Guayasamin presented him with a painting. The portrait of the Cuban leader was done in honour of his 70th birthday celebrated on
      AFP  -  72 words
    • 287 7 BEIJING Reuter CHINA'S Communist Party boss Jiang Zemin, in a renewed overture to rival Taiwan, urged the island not to set up new obstacles to ties, major Chinese newspapers said yesterday. "The Taiwan authorities must not artificially set up
      Reuter  -  287 words
    • 402 7 DUBLIN EMU members will be given leeway to appeal against fines Bloomberg Business News EUROPEAN Union finance ministers said they have reached an accord to deter members of a single European currency from overspending. Irish Finance Minister Ruairi Quinn said the so-called
      Bloomberg Business News  -  402 words
    • 407 7 WASHINGTON Reno, Rabin expected to keep jobs, new faces for other posts Reuter PRESIDENT Bill Clinton was to announce a string of Cabinet nominations yesterday, including Representative Bill Richardson as UN ambassador and political ally William Daley as Commerce Secretary, officials said. They said Mr Clinton
      Reuter  -  407 words
    • 257 7 TOKYO Reuter ASIAN economies are still expanding at a healthy rate but declining exports are curbing the region's once breakneck growth, a Japanese government report said yesterday. The report said tensions between China and trading partners Taiwan and Hongkong, as well as a tumble
      Reuter  -  257 words
    • 457 7  -  Steep rise in values of corporate bankruptcies casts doubt on recovery By, Anthony Rowley THE sharp fall in the Tokyo stockmarket yesterday caused alarm bells to start ringing again in international financial markets about the likely impact on the already fragile health
      Source: Bloomberg  -  457 words
    • 278 7 HONGKONG AFP THE deputy to Hongkong Governor Chris Patten yesterday signalled she would accept a widely-expected offer to serve under Mr Patten's successor, Tung Chee-hwa. Anson Chan, who as Chief Secretary is head of Hongkong's 190,000 civil servants, said it would
      AFP  -  278 words
  • Page 7 Miscellaneous
    • 89 7 DOOMHriBPRY By Garry Trudeau (XALAf&U- MHAJAN WHAT* I COW Mil B£ J HeNTS* THAT APFALUN6 I &/5R H/HAT?]hAVZT)W£ %60!N60N\ HEABN6ORAL SOUNPSSCRT COMMENT, J WMS,*#*MTHTHEj ARGUMENTS IN J OF OBSCENE WUN6 gfjiMCUNDN PAULA A JANUARY... ALL BY ITSELF' MAN' K/HO GENUINELY WANT TO MAKE |n piasH PON~r UMU, VOUB£ CURRENTLY RE
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  • COMPANIES & MARKETS
    • 504 8  -  But earnings from softdrinks, beer and dairies were disappointing Reports by < Genevieve Cua [SINGAPORE] A robust 41 per cent jump in income from development properties has helped diversified Fraser Neave lift its profit by 18 per cent to $218.42
      504 words
    • 331 8 ASIA Pacific Breweries' net earnings for the year rose a marginal 0.8 per cent to $78.25 million, dragged down by a weak performance in its Singapore operations as well as losses in China and Thailand. The results are lower than the consensus forecast
      331 words
    • 351 8  -  Improved results doe to development profits, higier retail rentals By. Jenny Lam [SINGAPORE] Centrepoint Properties Ltd (CPL) yesterday reported a 39.9 per cent jump in group net earnings to $125.87 million for the year ended Sep 30. Turnover came to $326.3 million,
      FILE PHOTO  -  351 words
    • 558 8  -  HOCK LOCK SIEW Lee Yoke Har TOO little too late. This best sums up the inadequacies of the annual reports of Singapore corporations. It has been over two decades since the first awards were given to the best annual reports
      558 words
    • 217 8 [SINGAPORE) The L&M Group Investments counter came under severe selling pressure when it resumed trading yesterday after a week-long suspension. The counter fell to an intraday low of $1.46 before closing with a net 15-cent, or 8.7 per cent, loss at $1.58 on
      Source: Bloomberg  -  217 words
    • 132 8  -  LETTER TO THE EDITOR Ong Chit Chung President CEO, Sum Cheong International Ltd I refer to the report in The Business Times of Dec 13 entitled "Sum Cheong sees HK relisting soon". We wish to clarify that, in response to a question on the lifting of
      132 words
    • 208 8 [SINGAPORE] International Factors Singapore (IFS) yesterday requested for a resumption in the trading of its shares after major shareholder Ecics Holdings said it had decided against selling its IFS stake. IFS was suspended on Wednesday morning at Ecics' request after an
      208 words
    • REGIONAL & INTERNATIONAL COMPANIES
      • 508 9 Political, business leaders say racism behind Paris' decision to cancel Multimedia sale to Daewoo AFP [SEOUL] South Korea's political and business leaders said anti-Asian racism may have led to the French government's cancellation of its planned sale of debt-laden Thomson Multimedia to Daewoo
        AFP  -  508 words
      • 263 9  -  From, Alec Almazan in Manila SINGAPORE'S Wah Chang Group has sold its interests in two high-end resort joint ventures here, an official said yesterday. Retail and property magnate Jose Go, president of listed Gotesco Resources, has bought out Wah Chang's 40 per
        263 words
      • COMPANY Briefs
        • 91 9 Bloomberg Business News [TAIPEI] Hualon Corp, one of Taiwan's largest business groups, tentatively delayed building a £157 million (***** million) textile plant in Northern Ireland because of opposition from British rivals. "We've not decided when to start building the plant," said L C Chang,
          Bloomberg Business News  -  91 words
        • 105 9 AFP [DARMSTADT, Germany] Former Volkswagen purchasing director Jose Ignacio Lopez de Arriortua has been charged with receiving stolen property and betrayal of company and commercial secrets, the Darmstadt prosecutor's office said yesterday. Lopez, who worked for General Motors before switching to the company's
          AFP  -  105 words
        • 55 9 Bloomberg Business News [BURBANK, California] Walt Disney Co said its second-in-command, Michael Ovitz, resigned on Thursday after an uncomfortable year in the executive suite with chairman Michael Eisner. The company said it doesn't plan to name a successor and that Mr Ovitz will remain as an adviser
          Bloomberg Business News  -  55 words
      • 56 9 [ANAHEIM, California] CNN News division president Tom Johnson, Time Warner vice-chairman Ted Turner, Time Warner chairman and CEO Gerald Levin and TBS president and CEO Terry McGuirk, (pictured left to right) pull the ceremonial switch on Thursday launching CNN/SI, the 24-hour sports news network
        REUTER  -  56 words
      • 276 9 Bloomberg Business News [HONGKONG] Hongkong Telecommunications signed up thousands of subscribers for its new, downmarket mobile phone service, in a move aimed at pre-empting the launch of six competing services. One2Free Personal Com, set up to target non-business users, has been a
        Bloomberg Business News  -  276 words
      • 362 9 6,ooojobs to be axed in Germany as firm tries to boost earnings growth Reuter, Bloomberg Business News [MUNICH] German industrial giant Siemens AG is turning away from the rising labour costs and sluggish economy in its home country to build bases for
        Reuter,; Bloomberg Business News  -  362 words
      • 573 9  -  Firm says it has been reassured by govt but analysts say Busang situation's not clear From S N Vasuki in Jakarta BRE-X Minerals, a Canadian mining company, said yesterday that the Indonesian government has not cancelled its exploration permit to develop the world's
        573 words
      • 149 9 FP [TOKYO] Japan's Hitachi Ltd and partner LG Semicon Co Ltd of South Korea are to delay construction of a 130 billion yen (511.6 billion) semiconductor plant in Malaysia, a Hitachi official said yesterday. The official at Japan's biggest electric machinery maker said construction
        FP  -  149 words
      • 215 9 Bloomberg Business News [REDWOOD SHORES, California] Oracle Corp has reported that second-quarter earnings rose 31 per cent, in line with what analysts expected for the world's largest maker of database software. Oracle said net income for the three months ended Nov 30 rose
        Bloomberg Business News  -  215 words
      • 317 9 Hmm my include reabgmng, reducing number of stores AFP [TOKYO] Yaohan Japan Corp, the core company in a retail group active in Asia and the United States, will announce concrete restructuring plans as early as next week, the Yomiuri Shimbun said yesterday.
        AFP  -  317 words
    • FINANCE & COMMODITIES
      • 446 10 It will take USs2Bom charge this qtr to update retail banking, reposition global ops FT [NEW YORK] Bank America, the third largest US bank, on Thursday announced it would take a pre-tax charge of US$2BO million (***** million) this quarter to pay for
        FT  -  446 words
      • 369 10  -  By Shiv Taneja [SINGAPORE] UOB Asset Management yesterday announced the launch of a unit trust that will invest in foreign currency-denominated stocks listed in Singapore. The United Foreign Equity Fund (UFEF), which is the llth unit trust launched by UOBAM, will invest in
        369 words
      • 457 10 USS/nutrk: The US dollar posted slight gains to 1.5582 on Monday before bearish sentiment in the US stock and bond markets dragged the unit lower to 1.5340 by Wednesday. Thereafter, it settled to trade between 1.5347 and 1.5474 for the rest of the week. It was
        Source: DBS Bank  -  457 words
      • 293 10 MD cites approval delays and detiaon ti Ml HifK ftmihi [SINGAPORE] A combination of factors resulted in UOB Asset Management launching only two unit trusts this year instead of the planned Ave, managing director Daniel Chan said yesterday. Mr Chan, who
        293 words
      • 287 10 HandeSsbaiiken's 22JN> kronor bid tops Skandia's offer FT [STOCKHOLM] Svenska Handelsbanken, Sweden's biggest bank, has launched a spectacular 22.9 billion Swedish kronor (554.7 billion) takeover bid for Stadshypotek. Its move on Thursday dealt a blow to Skandia, the Swedish insurer, which had offered to
        FT  -  287 words
      • 281 10 Reuter (JAKARTA) Indonesia's state oil company Pertamina said yesterday demand in the AsiaPacific region for liquefied natural gas (LNG) will rise to more than 90 million tonnes a year by 2005 from about 59 million tonnes this year. "LNG demand in the AsiaPacific region
        Reuter  -  281 words
      • 162 10 Reuter, AFP THE dollar was steady against the mark and slightly lower against the yen as traders awaited the final outcome of the European Union summit in Dublin and the details of a budgetary stability pact. EU finance ministers met on Thursday but left final agreement on the
        Reuter,; AFP  -  162 words
      • Article, Illustration
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      • 309 10 ENERGY REPORT Reuter [ANKARA] The first Iraqi oil to be exported via Turkey in six years will be loaded onto a ship next week in southern Turkey in a ceremony attended by Prime Minister Necmettin Erbakan, Anatolian news agency said
        Reuter  -  309 words
    • 1616 11 gicxmwrnjm Dec 13 RUNU Mm dNfcf aat SJOpa) ISSICONTRACTttcMtiAt) On* VtfMM OpM MI m> ui wt (tin) itftst JM 97 (7100 177.75 177.50 225 175 Ft* *7 180.25 180.25 MOJO 200 2050 Mar 97 183.75 2125 A#t/JM 97 186.50 4200 .M/Sap 97 187.75 56» Oct/Dac 97 189.00 450
      1,616 words
    • 1623 11 AFX-Asia Qiw» -ism SHARE prices closed down yesterday, but well clear of their lows on late bargain-hunting and position covering, brokers said. The 225-share Nikkei Average closed down 159.81 points at 20,341.39, after a low of 19,951.69 in mid-morning trade. This was the first time the Nikkei 225 Index
      AFX-Asia  -  1,623 words
    • 2314 11 LONDON BwO Hag *h_ AS Ports 264 -3.400 Abbay Nation* 706.400 .200 AINadOofliacq 419.400 -5.600 Amoc 88.400 -1.600 Aid* Group *****0 .400 BAT lod 489 -2.600 BtCC 255 -11.400 BOC Group 887.400 -6^00 BftPatroioum 661 -2.200 BTR 250.400 -3.200 Bonk of Scotland 292 -2 Barclays 1001 -26.200
      2,314 words
    • Article, Illustration
      1642 12 AFX-Asia Q Hang Seng -M»fl SHARE prices closed sharply lower yesterday on continued profit-taking in property stocks and selected conglomerates, dealers said. The Hang Seng Index closed down 269.21 points at 12,784.07 on turnover of HK$lO.O9 billion. The December futures contract was last quoted at 12,760, while the January
      AFX-Asia  -  1,642 words
    • Article, Illustration
      632 12 Reuter Q Sheozhenß Index -25J6 THE Shenzhen B market plunged 14.8 per cent in heavy trading yesterday because of a crackdown by local securities authorities on mainland Chinese buying B shares. The index plunged 25.85 points to 149.37 on turnover of HK5432.45 million against Thursday's HK5395.77 million. Securities authorities
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  632 words
    • 385 12 AFP □WP Intel -052 SHARE prices barely changed yesterday as most investors retreated to the sidelines. "Investors refrained from taking positions amid uncertainties over the market's near-term outlook, coupled with recent plunges in overseas markets," said a trader. The TSE Weighted Price Index lost 0.52 point to 6,825.10. Turnover
      AFP  -  385 words
    • Article, Illustration
      671 12 AFP n Composite Index -3.44 SHARE prices closed lower yesterday, in line with weakening regional bourses, although strong demand for Telkom stemmed the drop. "Most blue-chips are going down but at the same time we see some buying support from foreign investors," said a dealer, adding that there was
      AFP  -  671 words
    • Article, Illustration
      828 12 AFP HSEThtot +0.42 PRICES rose slightly yesterday, on short-term buying in anticipation of a policy announcement by Finance Minister Amnuay Virawan. An analyst said investors returned to the market as worries about external factors declined, while there was no negative news. The SET Index edged up 0.42 points to
      AFP  -  828 words
    • 261 12 AFp Q Manila -BJI SHARE prices fell yesterday, reflecting the sharp drop on Wall Street. The PSE Composite Index slid 8.91 points to close at 3.120 20 points Turnover was 6 billion shares worth 2 17 billion pcww Philippine I >nnt T» Wpltnm Ml ftw pMnt to I Mi
      AFp  -  261 words
    • 396 12 AFP POmpogtahfai 431 SHARE prices edged down slightly yesterday, with late bargain-hunting of blue-chips eroding early losses. The Composite Index closed down 0.31 points at 689.07. Turnover was 26.1 million shares worth 441.8 billion won. Falls beat risers 689 to 232, with 106 unchanged. Most blue-chips turned bullish, with
      AFP  -  396 words
    • 596 12 AFP DABOriiriM -211 SHARES plunged yesterday, weighed by the Dow Jones suffering its worst single session overnight loss since July. "There was negative sentiment from Wall Street coming through to our market today," said a broker. "It prompted a few nervous people to sell rather than hold." The All-Ordinaries
      AFP  -  596 words
    • 229 12 AFP Q Wellington -12J1 SHARE prices largely withstood sharp falls in overseas markets to end yesterday's session just slightly down. The NZSE 40-share Capital Index ended 12.61 points down at 2,349.91. —AFP Nen *h mm AN2 tonkin* t.75 -0.2S 154»4 Atfvwrt M HM91 1.25 unch WOOO MNnJiHindW 2 67
      AFP  -  229 words
    • KUALA LUMPUR STOCK MARKET
      • 8091 13 Bloomberg Business News kl Composite Index -1L24 STOCKS fell for the third day to their lowest level in almost five weeks after US stocks declined on worries that interest rates may rise. "Fund managers are selling shares here to prepare for a possible redemption of
        Bloomberg Business News  -  8,091 words
    • WARRANTS & OPTIONS
      • 3846 14  -  WARRANT WATCH -By R Sivanithy THE stock and warrant of Indonesiancontrolled construction firm L&M Group Investments were among the biggest losers yesterday. The once-darlings of the local market have fallen substantially in the wake of the Amcol affair. And things have taken a
        3,846 words
    • 2375 14 MALAYSIAN STOCKS 6r Or I9M Last Vtl Day Last Ouots Ok Ok IN M M C«a High Law itKO Campally «H COOP) Hlgfc Last ig> hfcf H CMr P/t M 625 360 ms 5000 AISB50C 372 cd -6 16 374 372 370 376 5.0 4.9 0.4 7U 381.6
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    • STOCK EXCHANGE OF SINGAPORE
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      • 4622 15 eI 6c wt MM LMt Vat Day Laat OiMt* Mv Dh W UK Cm A«g Hiqh Law StNa 1* impair Ul COOO) Htfk Lm 8wyac W CV M >*Wlt INDUSTRIALS 5146 ASE NTS10 200 US- 1000 900 ASF US$0.01 WO US900 214 165 1258 AcarSOc ***** -3 >4
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      • 922 15 flr «r H wi It* LmI VaO 04* LaatOMt* Oh H> VM M Cm A«4 M» L— «m> Cmmmy Wi PWW 0—i L— m*m M> Or NK >3 *it» 2M 135 2000 AMNMftSc 169 *3 IT- 172 MS 444 471 3.0 442 0.1 K»* 75-2 170 M4 4* 6
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      • Article, Illustration
        78 16  -  Shiv Taneja ALL indicators point to a buy for Courts? but i investors should be aware that the stock may not have bottomed out yet. It would be fair to expect a little more downside, but this is also probably j a good time to begin accumulating Courts
        78 words
      • 881 16  -  STOCK MARKET COMMENTARY However, a better showing in afternoon trading here sees most counters ending off their intra-day lows, albeit in thin volumes By R Sivanithy [SINGAPORE] Worries about how Wall Street is behaving unsettled the local stock market for the third
        881 words
      • ON THIS GRAPEVINE
        • 152 16 MUCH comparison has been made between Singapore and Hongkong. For instance, many observers have seen chief executive-designate Tung Chee-hwa as a potential Lee Kuan Yew, running Hongkong after 1997 with a style very much similar to the former Singapore premier. Mr Tung has. of course,
          152 words
        • 112 16 PROPERTY consultants and developers alike agree that it is much easier to pre-sell residential property if there is a show unit customers like to see what they will be getting for their money. But Far East Organisation's launch of its factories in Eunos Techpark,
          112 words
        • 51 16 WE HAD thought that the National Geographic Society would be familiar when it comes to national boundaries. Not so, as one of our journalists found out. His mail from the society was addressed to a place called Singapore, Malaysia. But never mind, the Malaysians had it redirected to
          51 words
        • 106 16 'TIS truly a season of good tidings for those in electronics manufacturing. Far from the doom and gloom seen earlier this year, forecasters are now optimistic that the electronics sector will fare well. While there is a fine toss between whether the recovery will come in the
          106 words
        • 52 16 ONE broking house downtown has had a change of heart recently. A little bird told us that it now allows its staff to speak to the press. It had previously imposed a blackout in reaction to what it termed as "bad press" given to the company.
          52 words
  • Page 8 Advertisements
    • 31 8 Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC W Kinokuniya Shell BP mph esso Holdings
      31 words

  • Page 9 Advertisements
    • 194 9 NOTICE OF FINAL MEETING OF COMPANY In the matter of OFFSHORE PROCUREMENT MANAGEMENT PTE LTD (In member*' voluntary liquidation) and In the matter of section 308 (2) of the Companies Act (Cap SO) NOTICE Is given that pursuant to the Companies Act (Cap 50). Section 306, the final meeting of
      194 words
    • 21 9 Locate its owner through Classification 821 (Found). Simply call CJLT.S. at 1800-737-1166 for this free service. -*i Another Classified Service s
      21 words




  • Page 13 Advertisements
    • 130 13 §Send lO ftreo faxes toctayl a I Got an Internet account...try out Send e-mail to any place in mtßmm I Asia One's Fax Mailer where you H H continental United Slates from i can send e-mail Y ■Mfftll BK anywhere in the wortd for Jf/lUk* M direct to a fax
      130 words

  • Page 14 Advertisements
    • 27 14 ALFRED DUNHILL The Dress Pen ill' (Jlasttcs freajtiire stncr itstt 4Jfrrt/ 3tviAt/fat (Aitf/frs ffi&fr/ istade. .TAr Lfiurqpott. Vpec {am 6!r/p. /tyo ytifflfA (*ity tmd £dutmurrt -flany Gottrf.
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  • Page 15 Advertisements
    • 42 15 Kfc, when the Market qets Going, the Savvy 90 WRFIH6 Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet I BUSINESS CEHTREI YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      42 words
    • 21 15 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call at 180CK-737-1166 for this free service. Another CleeaWed Servtoe
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  • Page 16 Advertisements
    • 576 16 BUSINESS Xotici'S |n i i mil i km iss.< I THE COMPANIES ACT, CAP. M A P INCORPORATE PTE LTD (la Voluntary Liquidation) SPECIAL RESOLUTIONS PASSED ON 6 DECEMBER 199* At an Extraordinary General Meeting of the company held al No 6 Jalan Ampas 403-01 Singapore *****7 on 6 day
      576 words
    • 399 16 IN THE MATTER OF POD MANPOWER PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OP PINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. 50. that a final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidator.
      399 words
    • 312 16 IN THE MATTER OF POO PUBLISHING PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of (he Companies Act, Cap. 50. that a final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidator.
      312 words
    • 146 16 IN THE MATTER OT POD HUMAN RESOURCE MANAGEMENT PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act, Cap. SO, that a final General Meeting of the members of the abovenamed Company will be held al the office of
      146 words
    • 51 16 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline 1800-749-2577. How to enhance your company profile? In 1111<I mil. <\i 11 J<m 1 Jllll m limuiM .H' J'' IJ
      51 words

  • EXECUTIVE Lifestyle
    • 959 17  -  Be different this year. Make, rather than buy, your presents. It isn't as crazy as it sounds. All you need is a bit of time and the right instructions. ooßnmßKßßShas some DIY gift suggestions CORINNE KERK CHRISTMAS is just around the corner and if
      GIFT IDEAS FROM BEN FRANKLIN CRAFTS; PHOTOS BY CHRIS LOH  -  959 words
    • STRAWS In The Wind
      • 64 17 LOOKS like Singaporeans aren't the only swakus (country bumpkins) when they go travelling overseas. While in Switzerland on a guided tour, a Singaporean couldn't help noticing one group of Caucasians who were peering out of the tour bus window in rapt attention. Said one: "Gee, there are so
        64 words
      • 23 17 SPOTTRD on the side of a passing truck: "Confidential Records Destruction". Now why would they want people to know that?
        23 words
      • 62 17 IT HAS been a pretty tough week for both the local and foreign journalists covering the WTO conference. When an announcement was made that there would be no more briefings for the day, journalists in the media centre burst into loud applause. And given the long nights they
        62 words
      • 65 17 SO YOU think that the World Trade Organisation Ministerial Conference in Singapore this week was nothing but serious work? Not all the time. We spotted one BMW with a WTO plate outside the Hilton Hotel, with one rather important looking person, accompanied by what must have been
        65 words
    • PEOPLE
      • 1457 18  -  If TV commercials and movie merchandising are a nything to go by, Christmas isn't Christmas if it doesn't come with a price tag and a fake Dalmatian that drinks water and wees. Amid the hoopla and the manufactured gaiety stirred up by retailers, what do
        FILE PHOTO; PHOTO BY SIEW YAW HOONG; SIEW YAW HOONG  -  1,457 words
    • COVER STORY
      • 1139 19  -  Mould it paint it dry it- and then give it away. omumißSßßshas some DIY gift ideas that should help you discover your creative side this Christmas CORINNE KERK OVER at Spotlight in Orchard Point, colourful Christmas ornaments are stealing the thunder from the store's huge bedding and furnishing
        PHOTOS BY SIEW YAW HOONG  -  1,139 words
    • 616 20  -  CINEMA An unpleasant lawyer gets his come-uppance in Thinner. Fair enough. But why subject the audience to an extended moral lesson? By Jaime Ee MERRY Christmas. Want an effective formula to avoid extra calories this festive season? Take one dose of Thinner the movie just
      616 words
    • 567 20  -  CINEMA Never mind if yon can't quite make ont what Sylvester Stallone is saying, for actions speak louder than words in a movie like Daylight liy i Corinne Kerk IF YOU'RE about to watch an action and suspense drama starring Sylvester Stallone, you know pretty
      567 words
    • 454 21  -  NIGHTSPOT Expect only the best at Bonne S&nte and that means a sophisticated ambience, fine wines and costly cigars By A Surendren CALL IT stylish, call it pretentious, but there is a certain charm about sitting with a glass of wine or port while puffing
      454 words
    • WHAT'S ON
      • 189 21 Seow Yit Kin in Concert Pianist Seow Yit Kin returns to Singapore to perform at Chijmes Hall for just one night to help The Substation in its fund-raising drive. His programme comprises works by Prokofiev, Beethoven, Schubert, Chopin and Debussy. Dec 20, Bpm at Chijmes Hall, Victoria Street. Tickets
        189 words
      • Article, Illustration
        140 21 B-Cycle Does modernisation in today's Asian cities have to mean the loss of Eastern culture and heritage? To find out, watch this contemporary dance group presented by Dance Dimension Project. Dec 18 to Dec 22 at Bpm, plus matinee show on Dec 21 at 3pm. Venue: Guinness Theatre. Tickets:
        140 words
      • 48 21  -  Compiled by M Yasotha Sitex *96 Everything you need for your computer hardware, software, Internet, multimedia, computer peripherals, accessories, educational/training software, interactive games etc can be found at this exhibition. Until Dec 15, Ham to 7pm at Expo Halls 1 2, World Trade Centre. Admission is free.
        48 words
    • EPICURE
      • 1698 22  -  If you enjoy cooking, what better way to spread some Yuletide cheer than by cooking festive favourites for your family and friends? Three women share their special recipes with ooHHWBBLzaro GOH HWEE LENG JBHA HOME-MADE gift t is never sniffed at, whatever the occasion. During
        PHOTOS BY SIEW YAW HOONG  -  1,698 words
      • 840 22  -  WINE CONNOISSEUR By N K Yong THERE has never been a better time for wine shopping in Singapore. Three new wine shops and several new wine bars, re-mod-elled and expanded wine sections in the supermarkets, new stocks, many new wines
        840 words
    • Article, Illustration
      1123 23 Tkm Of PlbiiiMi. 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: 1, 5. Clementi: I, 3, 7. Golden: 3pm. Princess: 1.15; 3.15; 7. New Crown: 1; X 5, 7; 9. Jubilee:
      1,123 words
    • DESIGN
      • 1033 24  -  No longer satisfied with just a Christmas tree and cards in the living room? Professional designers are on hand to help put the sparkle into your homes this season, jamb bb finds out what they do JAIME EE CHRISTMAS tree, O Christmas tree,
        SIEW YAW HOONG; PHOTOS BY SIEW YAW HOONG  -  1,033 words
      • 753 24  -  Hired decorators are not for Lai-Yong Lawrence she prefers to do np the house herself By< Jaime Ee WHILE it can be tempting to go the whole hog and turn the entire home into a resplendent, colour-coordinated fairy land, sometimes the personal touch
        CHRIS LOH  -  753 words
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  • Page 20 Advertisements
    • 394 20 Coming attraction ffIWBH HN\\aV m. ilMiir- special focus I \C_ H. 172 Fab bargain "IQO buys in Bombay lO*C Classic stripes *100 checks from $29 lOw GET IT NOW! DECEMBER '96-JANUARY '97 HOME DECOR $4.50 Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eleven MPH STOP PRESS kiosks Cold Storage Shell Esso
      394 words

  • Page 21 Advertisements
    • 805 21 Bonne Sante UOl-13 The Gallery, Chijmes 30 Victoria Street, Singapore *****6 Tel: 338-1801 Coming attraction Where to wine, dine and entertain [PIPPIPPIPPIPPIMIMIMIMIMMIHIIIIIIIVI (^Aristpt i ij AMARA BALLROOM l& 2 7.00 PM 1.00 AM j It's the season for merry-making again, |j I and this year at the Amara Singapore, we're
      805 words
    • 86 21 |r n< 11 biggest Dian Xiin Restaunnt At The Neptune on Shenton Way Dian Xin/Lunch Utrw /g 11.30am-2.30pm ®thc «a ffVCpfUfftV 1 7TH FLOOR. OVERSEAS UNION HOUSE. i A Bigger Better Tunch MORE VARIETY EXCELLENT VALUE SAME OLD PRICE $13 80-. (adult) rafiSghjS $B.oo+++ (Child) Sat/Sun/Pubtic Holidays 19 noon to
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  • Page 23 Miscellaneous
    • 1315 23 TOMORROWS TV ■L»J uLuti I*l Willi IT MMMt'l PM TV Innovations. RECOMMENDED vmw&MO jjq Rude qqcb and Dweebs 8.00 AM TV Innovations. %m Madel^ Tprrnr witnesses to a murder and &3 Hun xa§ Deify Friends. rru -4. the police have to keep 10J0 Web*. P^ i*""" 1 Le e in
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