The Business Times, 28 December 1996

Microfilm: NL20750
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 28-29,1996
    13 words
  • Article
    MARKET SUMMARY
    38 1 El BSBUu mm* ■■■■i mi fiJIUll llw bt uuiwasp^ l: 4 *£> Ft* fay Chang* KLSKOOMP 1 WHH3 —.*m> 1 HAK08EM) 11 llll II mm SKTHtoX JU^WACTitP g£A CHINA B —LtTtit mtt AUST AULOiD Wl HQ awr.
    38 words
  • Article
    FINANCE
    38 1 ss 3 i y. W *Wt 108$ > UH s \m «44 nt mm ttti tw fM um L2t8 m tw IM4 RKJ Il» Ittt RAW MB UH KUPMHIW IMS 9069 'Avm*of (State. "Fl* -Cwtraltainwalrates (Source: NatWest Bank)
    38 words
  • Article
    SingTel's Taipei telecom bid hangs in the balance
    587 1  -  Bnt company says its consortium prepared to foreign ownership ratio From. Bruce Cheesman in Taipei TAIWAN regulators are meeting today to decide whether to disqualify two front-running consortiums, one of which has Singapore Telecom as a member, from bidding for lucrative mobile
    587 words
  • Article, Illustration
    Lock icon Seoul hardens stand as 1.2m workers extend strike
    440 1 Stocks plunge to near 4-year low; strike losses seen at USslb AFP, Bloomberg Business News [SEOUL] South Korea's labour crisis deepened yesterday as the country's largest union with 1.2 million members extended a crippling strike to the end of the year, declaring
    AFP,; Bloomberg Business News; AFP  -  440 words
  • Article
    Lock icon Move to cut foreign influence on Thai bourse
    248 1 AFP [BANGKOK] The head of Thailand's regulatory Securities and Exchange Commission (SEC), Pakorn Malakul Na Ayudhya, said yesterday he planned to reduce the influence of foreign investors on the bearish bourse. An SEC study indicated that the main cause of bearishness on
    AFP  -  248 words
  • Article, Illustration
    US State Dept repeats criticism of PAP strategy
    516 1 BG Lee calls on US to withdraw comments, sayingitis completely off-side [SINGAPORE] A spokesman for the US State Department has repeated its criticism of the PAP's election strategy of linking HDB upgrading to voting results, even as Deputy Prime Minister Lee Hsien
    516 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      125 1 IMHIDM Mttr*dTj*_ ti\ We may be giving you an award you would rather not receive, E fjp -V Should houseowners and developers sweet over their introduction? Pg3 < at**,thispe. Various attempts by thai a ithwaiuu to shore up the market have probably enabled foreigners to get out at prices better
      125 words
    • Advertisement
      Page 1 Advertisements Column 2
      92 1 Reports from the ralHea, PgJl.. Too oarij to tell how PAP will fare, says SM Lee PAP should serve all Singaporeans: Chee Soon Juan Commentar ji It's not a local election anymore when ministers are at stake BE The new Alfred Dunhill Golf Collection. Indispensable for the serious golfer |^^^HhmmS
      92 words
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  • THE 1997 GENERAL ELECTION
    • Article, Illustration
      Lock icon SM Lee: Too early to tell how PAP will fare
      694 2  -  PM Goh and others assail opposition for empty tirik and lack of practical alternatives By Tan Su Yen, Chuang Peck Ming FOUR days into the hustings Is too early to tell how the PAP will do in this election, Senior
      ARTHUR LEE  -  694 words
    • VOTE Notes
      • Article
        The heavens give NSP a break
        69 2 EVEN the higher beings are supportive of the Opposition, said NSP president and Hong Kah GRC candidate Tin Chee Kieh yesterday. Midway through the party's lunchtime rally yesterday, a downpour threatened. But the rain eased within minutes, prompting Mr Tan to quip: "See, it
        69 words
      • Article
        'We can use umbrellas!'
        54 2 SUPPORTERS of the Workers' Party, too, may have to brave the rain. Ata WP rally in Hougang, J B Jeyaretnam told the crowd to tell the PAP: "We don't care If we can't get covered walkways. We don't mind walking in the rain." A supporter shouted:
        54 words
      • Article
        Wet weather gear
        42 2 AT JUST about every rally so tor, it's besn a case of water, water everywhere. For those attending, we suggest jeans against the splashing mild, waterproof track shoes, an umbrella or raincoat and a towel if you're really Masu.
        42 words
      • Article
        No car park in sight
        42 2 THE biggest headache for election-rally hopper* is: how to And a carpark. The solution —good wa&ing shoes. The truly committed among rally-goers resort to recce-ing the site the afternoon before the rally for good ear park sites.
        42 words
      • Article
        SPP man's COE idea
        55 2 SPP candidate Sin Kek Tong unveiled a curious proposal to fine-tune the current COE system—reject all bids tl*t are 1.33 times above the lowest successful bidding price. Why? Because such bids are "irresponsible". Why 1.33 times? He didn't say, but he described his proposal as a
        55 words
      • Article
        GE gets websites of its own...
        67 2 THE GE has slipped into cyberspace with two web sites. http://www.gov.sg/mita/presereiease/ge/nom.elect.html win poet election results on Polling Day. Thoee who want to know where their polling stations are can visit the Elections Department's webpage, http://www.elections.gov.sg. And from today voters can telephone €91-0222 to find
        67 words
      • Article
        Chee slammed in PAP'open letters'
        78 2 IF opposition candidate Chee Soon Juan thought this GE was going to be a boy scout outing, he figured it wrong The PAP has sent out four open letters to residents to MacPherson detailing why Dr Chee is unfit to be their MP. The letters
        78 words
    • Article, Illustration
      Lock icon PAP should serve all S'poreans, says Chee
      629 2 Estate upgrading should not be linked to voting results: SDP At the NSPs hmcktime rally near UOB Plan yeaterday: Dr ChngPuay9km,tKeMC HAVING been returned to power, the PAP should represent the interests of all Singaporeans and not just those who vote for it,
      SIEW YAW HOONG  -  629 words
    • Article
      Lock icon Vote counting to be decentralised
      346 2 Reporting by Chung Tsung Mien, Jennifer Lien, Michelle Low, Diane Oon, Annette Pau, Audrey Tan, Clarissa Tan COUNTING of ballot papers for each electoral division will be decentralised with 42 counting centres for the 15 contested wards. Previously, vote counting for each constituency was done
      Reporting by Chung Tsung Mien, Jennifer Lien, Michelle Low, Diane Oon, Annette Pau, Audrey Tan, Clarissa Tan  -  346 words
    • Article
      When ministers are at stake, it's not just a local election
      518 2 £yKoh Sallow ON NOMINATION Day, nine ministers, including the Prime Minister, Senior Minister and both Deputy Prime Ministers, were returned unopposed in this general election. With 47 MPs and ministers already returned to Parliament, the People's Action Party can
      518 words
    • Article
      Living costs up due to new lifestyles, says BG Lee
      338 2 DEPUTY Prime Minister Lee Hsien Loong yesterday acknowledged that many find it hard to believe that the official Consumer Price Index went up by just 2 per cent a year over the last 10 years. But he said an NTUC
      338 words
    • Article
      Heard and seen
      663 2 "The place is beautiful. I'm amazed by the space they have over here—the landscaped gardens, the homes, and so on. Generally, the residents I've met are very happy. A few areas we can improve on, like bus services, because it's still a new estate." Prime Minister Ooh
      663 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S Eye
      • Article, Illustration
        Lock icon BT Sentiment Index
        750 3 liiuci Systems Antanatiflii (ASA) +(Bay below 8L30) OCBC Investment Research, Dec 27 ASA's early start in developing BGA (Ball-Grid Array) devices has positioned it well to ride on the rapid market transition from QFPs (quad-flat packs, the traditional method of IC packaging) towards BGA technology over the
        Figures denote number of respondents  -  750 words
      • Article, Illustration
        In My Opinion
        357 3  -  Peter Montgomery Investment director Murray Johnstone (Asia) Pte Ltd HA 997 will continue to be I a period of Fed-watch-JL ing, investors anxiously looking for signs that the direction of US interest rates has turned. The fear of growth-induced inflation in the US will deepen and may
        357 words
    • Article
      The important matter of trust
      1005 3 Have you considered turning your life insurance policy into a Section 73 trust polity? [SINGAPOREI ARE you an entrepreneur or a business executive who has accumulated a sizeable amount in assets? If so, you should consider estate planning. Estate planning is a specialised area and
      1,005 words
    • Article, Illustration
      Lock icon ECs: should builders, home owners sweat?
      1128 3  -  The Back of the ENVELOPE A look at the numbers wID suggest concerns are unwarranted By David Goh The writer is a lecturer (Banking Finance Division) at Nanyang Technological University. This fortnightly column will cover both property and financial markets. IN PROPERTY developer First
      FILE PHOTO  -  1,128 words
  • Article
    ACU DEPOSIT RATES Offered by various banks (as at Dec 26, 1996)
    623 3 25.000 249.999 6.0000 6.1300 6.300 A$ 250.000 500.000 6.1200 ***** ***** 10.000 49.999 5.3125 5.3125 ***** n tl 50.000 ***** 5.4375 5J750 %m lmm ***** 15W ***** Dmfc 2-5 mi 4.999,999 1M00 »<-wi gJ800 10.000 49.999 2.5625 2
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  • SINGAPORE AT HOME & ABROAD
    • Article
      New manpower schemes aim to meet needs in manufacturing
      416 4  -  EDB REVIEW Man/MHccr EDB to focus on training local workers, raising awareness of career opportunities *By' Toh Han Shih THE Economic Development Board (EDB) will introduce new initiatives next year to tackle Singapore's manufacturing manpower problems. These initiatives will focus on
      416 words
    • Article, Illustration
      Lock icon Planet Hollywood's new stores
      353 4  -  By Jenny Lam S THEME restaurant operator fl Planet Hollywood International (PHI) has launched a chain i of stand alone stores selling (Planet Hollywood's brand of 0 merchandise. To be test-marketed first, the new concept could eventually spawn up to 50 shops by 1 the year
      ARTHUR LEE  -  353 words
  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      723 4 «MM< HT«» Mt «mwi owftw»_ llw jmg AST Xl t m !a KXVJVO. 27.12/2300 ZZtZ am J» "jyooo M MM M OW* JO. M*8*4* 2 $222, H MM SMH JOI «Mta* 2112/0600 T (001 JIT 29 12/0700 u 0V* JOT MonqM* 2112/0*00 NMfi 02m J* ««*M 31.12/0700 7m-
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    • Article
      CONTAINER SCHEDULES
      1507 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BooMnq/Mtnco Rstls SMp Jfoy Etb/Btr Poflod Fro« To From lotul 050* 30/0700 2* 27/1700 21/0455 21/0500 i worn 20/w 20/»400 4 20/1200 20/1455 20/1700 tata* 0»* 20/B00 M n/BM n/MM "n/ioo «a Smu 1M* 25/0200 5 27/BOO 27/1455 27WO a
      1,507 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      361 4 CRYPTIC CROSSWORD commission accommodation (6) —L—J——l— 27 Making a crack atout always YESTERDAY'S SOLUTION showing reject (ft) a total lack of choice uuu iIT uy|.»IM.IPIiWII www Still (33,4) 1 Charge a c°uple of hundred lg An artist's main work (8) oW 1P i PcMyoo|r]oHY to operate jg around a south
      361 words
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  • REGION
    • HOTE Book
      • Article
        Lock icon US to sell US$162m in arms to Taiwan
        81 5 AFP [TAIPEI] The United States defence ministry has announced arms sales totalling US$l6l.B million (***** million) to Taiwan. The deals included a US$l4l million contract for improved mobile strategic electronics systems, to be manufactured by the GTE Corp for delivery before November
        AFP  -  81 words
      • Article
        Lock icon China to scrap export tariffs on 14 items
        99 5 Reuter [BEIJING] China announced yesterday that it would scrap export tariffs on 14 items, including cashmere, raw silk and silk, from Jan 1. However, the tariff commission under the State Council, or cabinet, has decided that exports of lead, zinc and tin
        Reuter  -  99 words
      • Article
        Lock icon Thai economy seen growing 7% in 1997
        87 5 Bloomberg Business News [BANGKOK] Thailand's economy, which grew at the slowest rate in a decade this year, should be helped next year by lower interest rates, economists say. Thailand's gross domestic product should grow about 7 per cent in 1997, according to analysts
        Bloomberg Business News  -  87 words
      • Article
        Lock icon Vietnam to reduce IDD rates
        83 5 AFP [HANOI] Vietnam, which has some of the highest telephone call charges in the world, is to reduce international direct dialling prices from the beginning of January. Cuts in prices will range from 5.02 per cent to 23.46 per cent depending on the destination. An
        AFP  -  83 words
    • Article
      Lock icon Investment prospects good: Indon minister
      170 5 JAKARTA AFX-Asia MINISTER of Investment and chairman of the Investment Coordinating Board, Sanyoto Sastrowardoyo, said 1997 investment prospects in Indonesia are bright despite the political concerns held by some local market observers. "But I can't predict if it will be higher or lower from this
      AFX-Asia  -  170 words
    • Article, Illustration
      Lock icon Japan CPI declines on cheaper fresh food
      262 5 TOKYO AFP JAPAN'S consumer prices in November dropped 0.3 per cent from the previous month due to lower fresh food prices, but were up 0.5 per cent from a year earlier, a government agency said yesterday. However, in December, consumer prices in Tokyo,
      AFP; Source: Bloomberg  -  262 words
    • Article, Illustration
      Lock icon Wild car-nival
      48 5 [HONGKONG] Twenty-five members from The Hongkong Beetle Club manage to squeeze into a VW Beetle car at the opening ceremony for The Funniest and Wildest Shopping Carnival in Hongkong yesterday. The carnival is a trade show for action products and will run until Dec 30. AFP
      AFP  -  48 words
    • Article
      Lock icon China is world's 8th largest lender of capital
      378 5 BEIJING Outflows of long-term capital may be over USsloob in 1989-95 FT CHINA has emerged as the world's eighth largest lender of capital, committing about US$lB billion (Ss2s billion) in officially approved direct and portfolio investment abroad between 1989-1995, according to a
      FT  -  378 words
    • Article, Illustration
      Lock icon Japan's jobless rate dips to 3.3% in November
      503 5 TOKYO But it's unclear if conditions will get much better, says labour official Bloomberg Business News JAPAN'S November unemployment rate fell to 3.3 per cent, from 3.4 per cent in October, as job conditions for young women improved, the government said. Job
      Bloomberg Business News; Source: Bloomberg ALLAN  -  503 words
    • Article
      Tokyo markets take a breather alter a week of falls
      307 5  -  TOKYO But officials worry about volatility amid bearish sentiment By. Anthony Rowley TOKYO financial markets stabilised somewhat yesterday after a week which saw the yen fall to its lowest in nearly four years and the stockmarket hit a one-year low.
      307 words
    • Article
      Lock icon Thai foreign policy to focus on S-EA, business
      196 5 BANGKOK AFP THE Thai foreign ministry issued an action plan on Thursday aimed at bolstering ties with the countries of Southeast Asia and supporting Thai business interests abroad. In a written statement distributed in English by the ministry's information department, Thailand pledged
      AFP  -  196 words
    • Article
      Lock icon Taiwan's index of leading indicators down 0.1%
      208 5 TAIPEI Bloomberg Business News 49 TAIWAN'S index of leading economic indicators fel/4.1 per cent in November fronrtie previous month, when it charted its biggest gain in six months. Three of the seven indicators that make up the index declined, the cabinet's Council for
      Bloomberg Business News  -  208 words
    • Article
      Lock icon Taipei to adopt reforms to constitution
      165 5 TAIPEI AFP TAIWAN is to adopt a new constitutional reform package, expanding presidential powers and scrapping njost elections, the Central News Agency (CNA) reported yesterday. The package also ends parliament's right to endorse the premier »c« Consensus on the reforms was reached between the
      AFP  -  165 words
    • Article
      Lock icon Credibility of group drafting new constitution questioned
      256 5 BANGKOK Assembly criticised for loyalty to the system it should be revamping AFP THE Thai parliament has paved the way for political reforms by naming a panel to draft a new constitution, but critics say many of its members owe their first loyalty
      AFP  -  256 words
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  • REGION/WORLD
    • Article
      Lock icon US Nov factory orders fall unexpectedly by 1.6%
      469 6 WASHINGTON It's the first drop in three months as demand for electronics weakens Bloomberg Business News US FACTORY orders for big-ticket goods unexpectedly declined during November for the first time in three months as demand faltered for electronics, semiconductors and communications gear.
      Bloomberg Business News  -  469 words
    • Article
      Lock icon US regulators okay digital TV broadcast standard
      279 6 WASHINGTON Move clears the path for a new generation of TV sets Bloomberg Business News FEDERAL regulators have announced their official endorsement of a technology standard for digital TV broadcasts, clearing the way for the next generation of TV sets. The Federal Communications
      Bloomberg Business News  -  279 words
    • Article, Illustration
      Lock icon W Java rioting spreads to nearby town
      360 6 TASIKMALAYA, Indonesia AFP THOUSANDS of Indonesian troops and police flooded into this West Java town yesterday after rioting which has left at least one person dead spread to a neighbouring town, sources said. Close to 3.000 security troops including police and soldiers posted
      AFP; REUTER  -  360 words
    • Article
      Lock icon US$ above 115 yen, highest level since '93
      171 6 LONDON Reuter THE US dollar extended a move above 115 yen in thin European trading yesterday, its highest level against the Japanese currency in more than three-and-a-half years. The dollar moved above 115 yen before European trading began and continued to firm
      Reuter  -  171 words
    • Article
      Lock icon Yeltsin meets Li Peng, confirms April summit with Jiang
      292 6 MOSCOW AFP RUSSIAN President Boris Yeltsin met Chinese Premier Li Peng yesterday, his first meeting with a foreign leader since returning to work from a heart operation, and confirmed his interest in a "strategic partnership" between Moscow and Beijing. The two
      AFP  -  292 words
    • Article, Illustration
      Lock icon Dogged by controversy
      76 6 [RENFREWSHIRE, Scotland] The hounds of the Lanarkshire and Renfrewshire Hunt awaiting the command of their huntsman, Tony Wing, at the annual Boxing Day hunt held at Corlsiehill farm Houston Renfrewshire on Thursday. Fox hunting has become a contentious political issue in Britain, with Labour proposing a free
      REUTER  -  76 words
    • Article
      HK recovery seen on track with retail sales rising 7% in Oct
      369 6  -  HONGKONG Exports also up by 5.1% last month to HKsllB.4b Ryi Quak Hiang Whai THE Hongkong economy looks on track for a sustained recovery with the latest key retail and trade indicators showing relatively impressive improvements. The consumer
      369 words
    • WORLD Watch
      • Article
        Lock icon Arafat to meet Netanyahu next week
        68 6 AFP [JERUSALEM] Palestinian President Yasser Arafat will meet Israeli Prime Minister Benjamin Netanyahu and his defence minister early next week to wrap up a Hebron accord, a Palestinian negotiator said yesterday. Mr Netanyahu met with three Palestinian security chiefs in Jerusalem yesterday to work
        AFP  -  68 words
      • Article
        Lock icon Serbs' votes should be respected: OSCE
        90 6 AFP [GENEVA] An envoy from the Organisation for Security and Cooperation in Europe, Felipe Gonzalez, said yesterday that opponents of President Slobodan Milosevic won municipal elections in 14 Serbian cities and towns last month that were later invalidated. Submitting his findings after a mission
        AFP  -  90 words
      • Article
        Lock icon Clinton may suspend Cuba provision
        84 6 AFP [WASHINGTON] President Bill Clinton may extend the suspension of a key provision of a controversial law that punishes some companies doing business with Cuba, the Wall Street Journal reported yesterday. Citing White House officials, the Journal said Mr Clinton is likely to again suspend
        AFP  -  84 words
      • Article
        Lock icon EU on hold pending UK election: Rifkind
        72 6 AFP [LONDON] British Foreign Secretary Malcolm Rifkind yesterday acknowledged that serious negotiations on the future of the European Union (EU) are on hold pending the outcome of the next British general election. Mr Rifkind told BBC Radio the opposition Labour party, which is
        AFP  -  72 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      81 6 DOONESBURY By Garry Trudeau ANYWAY S/N63- IF THERE'S ONE THING IPESPGE CHASE ANPIHA& UJELL 1 eeeNiDGcmeRFOK HARK*OJHY/S SAW ifl 2XZ. A 6UH/LE,I FfGOREP IT NECESSARY TO PHIL' CULTURE OF FULL PtSCLOSURE! UAPOXXJ K"~\f CLOSET! n J WTSwtuhatimntasagw jU*\\ I 11 i ir 1 m e&NG6ffYtSA PRJ- I MHOsexuALrry/ciAu.rwzr I (tSHEJUST
      81 words
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  • COMPANIES & MARKETS
    • Article
      Fruit distributor gets nod for mainboard listing
      323 7  -  Fook Huat Tong Kee plans Singapore office-cum-service apartment complex By. Agnes Wee [SINGAPORE] Local fruit and vegetable distributor and processor Fook Huat Tong Kee (FHTK) has received in-princi-ple approval for a listing on the main board of the Stock Exchange of Singapore (SES).
      323 words
    • Article
      Chuan Hup takes stakes in 2 firms for $ 13.5m
      228 7 Chuan Hup takes stakes in 2 firms for 13.5m [SINGAPORE] Marine-based Chuan Hup Holdings has bought stakes in two companies for $13.5 million. The company said it had, through a subsidiary, bought a 10 per cent stake in Dredging International Asia Pacific Pte Ltd (Diap) from Pacific Dredging Corp BV
      228 words
    • Article
      UOB's merger of M'sian units will have medium to long-term impact
      424 7  -  By\ Shiv Taneja [SINGAPORE] United Overseas Bank's share price was up marginally yesterday, but analysts reckoned the real impact of the merger of UOB's two Malaysian units announced on Thursday by chairman Wee Cho Yaw will be felt over
      424 words
    • Article
      Cerebos completes purchase of spice firm
      163 7 [SINGAPORE] Cerebos Pacific Ltd has completed the acquisition of the business assets of Asian Home Gourmet Pte Ltd, a company which makes and markets a wide range of Asian seasoning and spices. Cerebos' financial adviser, Bankers Trust, said in a statement yesterday that subsidiaries
      163 words
    • Article
      Investment in Aussie group reaps 600% return in 1 year
      604 7  -  HOCK LOCK SIEW Russell Baker A GROUP of Singaporean investors demonstrated their investment savvy when they snapped up a 19.3 per cent stake in Aus-tralian-listed construction firm Abigroup just over a year ago. Led by prominent businessman and former QAF
      604 words
    • Article
      Lock icon RHB interim profit improves 17.7%
      373 7 Company cites 56.1% jump in turnover for higher earnings of Ms2o3m Reuter, AFP [KUALA LUMPUR) Malaysia's Rashid Hussain Bhd (RHB) said yesterday group pre-tax profit rose 17.7 per cent from a year earlier to M 5203.9 million (S$U2.B million) in the six months to November.
      Reuter,; AFP  -  373 words
    • Article
      Lock icon Malex eyes Asia ventures with Brierley
      325 7 Listed cement group keen to tap the expertise of Brierley nnit James Hardie Bloomberg Business News [KUALA LUMPUR) Malex Industries Bhd said it was in talks about several construction joint ventures in Asia with Brierley Investments Ltd of New Zealand. "We are negotiating on
      Bloomberg Business News  -  325 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Amcorp firms to maintain 30-40% growth: chairman
        580 8 Amcorp's net profit surged 47% to Msl44minthesix months to Sep 30 Reuter [KUALA LUMPUR] Companies in the Arab-Malaysian group, one of Malaysia's biggest finance houses, are expected to maintain annual profit growth of 30 to 40 per cent in the coming years, group
        Reuter  -  580 words
      • Article, Illustration
        Lock icon Profits slump at HK's Chinese paper publishers
        336 8 Interim earnings sink after aggressive cover price war AFP [HONGKONGI Publishers of three leading Chinese newspapers in Hongkong reported yesterday sharp falls in interim profits following a cover price war. The Oriental Press Group Ltd, publisher of the Oriental Daily News, said interim
        AFP  -  336 words
      • Article
        Lock icon China's securities watchdog hails stock trading clampdown
        276 8 AFP (SHANGHAI] The watchdog China Securities Regulatory Commission (CSRC) said yesterday that a government clampdown on stock trading had succeeded in cooling an overheated stock market. The People's Daily, China Securities, Shanghai Securities News and Securities Times newspapers carried the post-mortem article written
        AFP  -  276 words
      • Article
        Lock icon Promet, Kelanamas suspend trading
        151 8 Bloomberg Business News [KUALA LUMPUR] Shares of Promet Bhd and Kelanamas Industries Bhd, both controlled by financier Soh Chee Wen, were halted yesterday afternoon pending announcements, a Promet official said. Shares in Promet, which has interests in engineering and construction, rose nine sen to M 52.10
        Bloomberg Business News  -  151 words
      • Article
        Hour Glass appoints new GM for wholesale
        255 8 [SINGAPORE] Watch distributor and retailer The Hour Glass has appointed a new general manager for its wholesale division as well as two senior executives. Poon Chun Onn, the group financial controller, will assume his new post on Jan 1, replacing Chen Choong Hian
        255 words
      • Article
        Lock icon Tenaga to honour pacts to buy power from five IPPs
        345 8 AFP [KUALA LUMPUR] Malaysia's Tenaga Nasional Bhd said yesterday it would honour all long-term agreements it had signed to buy power from the country's five independent power producers (IPPs). A review of such legallybound commitments would cast a bad image
        AFP  -  345 words
      • Article
        Lock icon Better sales may cut Wharf's TV unit's loss
        159 8 Bloomberg Business News (HONGKONG] Improving sales at Wharf Cable, television arm of Wharf Holdings Ltd, may narrow the operation's loss to HK$2OO million (5536.16 million) in fiscal 1997, the Hongkong Economic Journal reported, citing Stephen Ng, Wharf Cable's chairman. For the year
        Bloomberg Business News  -  159 words
      • COMPANY Briefs
        • Article
          Lock icon Berjaya Industrial trading suspended
          48 8 Reuter [KUALA LUMPUR] Property developer Berjaya Industrial Bhd yesterday requested a suspension of its shares on the Kuala Lumpur Stock Exchange. The company said it would disclose reasons for seeking the suspension "shortly". Berjaya Industrial's stock closed one sen up at MJ1.96 yesterday. Reuter
          Reuter  -  48 words
        • Article
          STIC ups investment in associate
          52 8 {SINGAPORE] Singapore Technologies Industrial Corp has increased its investment in associate Singapore-Wuxi Investment Holdings Pte Ltd. Its 43.43 per cent stake in the company, however, remains unchanged. STIC said yesterday it subscribed for 4.3 million shares its share of an allotment of 10 million shares
          52 words
        • Article
          Showpla Asia set for acquisition
          52 8 [SINGAPORE] Showpla Asia Ltd (SAL) will acquire Showpla Technology Centre (S) Pte Ltd on Jan 1 for Ssl million. The vendors are SAL majority shareholder Showa Plastics Co Ltd and companies within the SAL group. Showpla Technology Centre rims the group's in-house mould design and
          52 words
        • Article
          Oradea offer now closes on Jan 3
          53 8 [SINGAPORE] The closing date for Oradea Pte Ltd's general offer for Ipco International shares will now be Jan 3 and not Jan 2 as declared earlier. The one-day extension follows the government's announcement that Jan 2 will be the polling day for the
          53 words
        • Article
          Conversion date fixed for 2 stocks
          31 8 [SINGAPORE] The period for scripless conversion for two stocks IGB Corp Bhd and Public Bank Bhd Foreign will be from Dec 27 to Jan 20.
          31 words
        • Article
          Ready trading on SRI Fund starts Dec 31
          32 8 [SINGAPORE] Trading in the Singapore Regional Index Fund will start on a "ready" basis on Dec 31, the Stock Exchange of Singapore said yesterday.
          32 words
        • Article
          DBS Land forms new unit
          31 8 [SINGAPORE] DBS Land has formed Tagore Properties Pte Ltd. It said yesterday that "the company will acquire the property at Tagore Lane", but did not elaborate.
          31 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • Article
        Lock icon US chipmakers' Q4 profit, sales expected to fall from last year's
        566 9 But 4th quarter likely to be this year's best as demand for PCs and chips reboond Bloomberg Business News [NEW YORK] US chipmakers are expected to see sales and earnings fall from last year's fourth quarter, although results are
        Bloomberg Business News  -  566 words
      • Article
        Lock icon Sega slashes profit forecast by two-thirds
        270 9 Reuter [TOKYO] Japanese game maker Sega Enterprises Ltd slashed its annual profits forecast yesterday due to problems with accumulated supplies of outdated gameplayers and losses at its US subsidiary. Sega said it would swallow a substantial special loss in the current business year, which
        Reuter  -  270 words
      • Article
        Lock icon News Corp may float 30% of ASkyB: report
        108 9 Reuter [LONDON] News Corp Ltd is considering floating 30 per cent of American Sky Broadcasting (Askyß), the US$l billion (S|l.4 billion) satellite venture scheduled for launch next year, the Financial Times reported yesterday. News Corp was not immediately available for comment. The
        Reuter  -  108 words
      • Article
        Lock icon Yamaichi to bail out lending affiliate with 150b yen injection
        296 9 FT [TOKYO] Yamaichi Securities, the weakest of Japan's big four stockbrokers, is to inject 150 billion yen (Ssl.B billion) into its struggling non-bank affiliate, Yamaichi Finance, to write off bad property-related loans. This is the third of the top brokers,
        FT  -  296 words
      • Article
        Lock icon Telecom firm US West to pull out of India by mid-January
        428 9 Move deals a blow to India's reform of telecoms sector AFP [NEW DELHI] India's reforms in the telecommunications sector received a jolt yesterday when US West Inc. the first foreign company to invest in the sector, said it was
        AFP  -  428 words
      • Article
        Lock icon Nod for Westinghouse-Infinity tie-up
        267 9 Westinghouse will acquire 43 radio stations in merger Reuter [WASHINGTON] The US Federal Communications Commission said on Thursday it had approved the merger of Infinity Broadcasting Corp and Westinghouse Electric Corp. It said it approved related conditional waivers of the broadcast multiple ownership rules as well
        Reuter  -  267 words
      • Article, Illustration
        Lock icon In search of government support
        40 9 [TAIPEI] Some 70 workers from the now-closed Fu Chang textile company demonstrating outside the Council of Labour Affairs yesterday to demand government support in locating the company chief who disappeared to avoid debt charges. AFP
        AFP  -  40 words
      • Article
        Lock icon India's lending companies mull merger
        202 9 Reuter [BOMBAY] The boards of directors of the Industrial Credit and Investment Corporation of India Ltd (Icici) and Scici Ltd are meeting next Tuesday to consider the merger of the two companies, an Icici official said yesterday. "The Icici and Scici have decided to convene
        Reuter  -  202 words
      • Article
        Lock icon Shares rebound as new AT&T president rakes over
        270 9 Bloomberg Business News [NEW YORK) AT&T Corp stock has climbed 19 per cent in the two months since former publishing executive John Walter was named president and successor to chairman Robert Allen. AT&T shares rose iv« to 43 l in late trading
        Bloomberg Business News  -  270 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1642 9 CITY FLIGHT ETA FLIGHT ETD >0175 1910 VN740 1410 AboMtaM BY6K) 2025 GA890 0120 HttYal MI893 1415 TG408 0620 IY609 0735 TG407 2120 HI894 1045 MdM S0230 1815 0F82 2050 *»96JB20 Of81 1930 BY610 2140 MmMm S0977 1720 S0978 0145 kmmm RJ187 0130 Ho CM MM
      1,642 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon HSBC may limit lending if speculation spreads
        138 10 Bloomberg Business News (HONGKONG] HongkongBank, seeking to deflate a speculative bubble that drove up luxury property prices 60 per cent this year, is prepared to scale back mortgage lending if mid and lower-end prices start climbing at the same rate. The territory's largest
        Bloomberg Business News  -  138 words
      • Article, Illustration
        Lock icon Greenback to trade higher?
        346 10 USS/mark: The US$ traded within the range of 1.5507 to 1.5585 for the first four days of the week and was seen at 1.5560 yesterday morning. US$/mark is still confined within the broad range of 1.5285 to 1.5670 with some upside bias expected. Above 1.5670, the
        Source: DBS Bank  -  346 words
      • Article
        Lock icon Opec's 1996 daily output peaks in Dec as Iraq returns
        317 10 Large output absorbed by sustained demand and low inventories Bloomberg Business News [NEW YORK] Continued strong oil demand encouraged Opec countries into the year's largest production boost in December as Iraq began a longde'ayed startup of exports. Moving up every
        Bloomberg Business News  -  317 words
      • Article
        Taiwan won't fight launch of its futures index abroad
        533 10  -  Trading of index on Simex and CME seen as fait accompli; plan to block access to market data dropped From Bruce Cheesman in TAIPEI STOCK market regulators here have held out an olive branch to overseas exchanges over the launching of
        533 words
      • Article
        Lock icon Nymex sells seat for record US$585,000
        247 10 Sale comes as crude ends one of its best years in past decade Bloomberg Business News [NEW YORK] The New York Mercantile Exchange said it sold a membership or "seat" on its Nymex energy futures and options division for a record U*****,000 (S$818,000), breaking
        Bloomberg Business News  -  247 words
      • Article
        Lock icon Windsor's the only top US fund to beat S&P 500
        169 10 Bloomberg Business News [NEW YORK) Just one of America's 10 biggest mutual funds did better than the benchmark Standard Poor's 500 Index this year and it's off limits to new investors. Vanguard Group's Windsor Fund was up 25.8 per cent
        Bloomberg Business News  -  169 words
      • Article
        Lock icon JGBs ease as BOJ interest wanes
        239 10 SBREX. Report Reuter (SINGAPORE) Simex Japanese government bonds (JGB) futures ended lower yesterday amid fears of reduced Bank of Japan's interest in bonds. Dealers said BOJ's scaledback operations in the bond market earlier in the week prompted fears that the Ministry of Finance might
        Reuter  -  239 words
      • Article
        Lock icon CURRENCY REPORT
        174 10 Reuter, AFP London THE dollar held at 3'*-year highs against the yen in extremely quiet trading with interest light and dealers looking to shut up shop early ahead of the weekend. The yen was easier across the board against the background of a fragile Japanese stock market and
        Reuter,; AFP  -  174 words
      • Article
        Lock icon Cold weather boosts oil prices
        312 10 ENERGY REPORT Reuter [LONDON] World oil prices rallied yesterday as winter chills swept across Europe and fresh data from the US showed cold weather demand had eaten again into low inventory levels, traders said. Brent crude oil for February delivery traded on London's International Petroleum
        Reuter  -  312 words
      • Article, Illustration
        Untitled
        1463 10 WTERBAME CROSS RATES Dec 27 CS R— CCU >>» Dm HK$ Iwdtstaplah Yen Wow MS HZSffrT S$ Had Sfr Mtt Batlt *>wd US$' Australia 1.085 4.178 0.642 4.173 1.236 6.159 28.532 18.812 0.914 6.715 2.013 L128 ***** 20.935 IIM 3.727 1068 21J89 20J98 0.475 0.7* 1 Canada 0.921 6.101 0.591
        1,463 words
    • Article
      COMMODITY PRICES
      1729 11 8ICOM rPTURBg Dec 27 RUB8CR (fwtarw dosta? m «t S.30pM) RSS 1 CONTRACTU ClOM Vofanw Open Month Hi# Low Sott (tonnes) Interest Jan 97 174.00 174.00 175.00 125 200 Fob 97 178.00 178.00 178.00 50 2050 Mar 97 181.25 1825 Apr/Jun 97 184.50 5925 MtSec 97 187.50 5610
      1,729 words
    • Article
      WORLD STOCK MARKETS
      2408 11 LONDON WMtfWt DecZT *nc« *h AB Ports 283.400 10.400 Abbey National 760 *4 Allied Domecq 452.400 *13 Aitik 92 unch Asm Croup '22 -1.400 BAT Ind 474 -4.400 BtCC 275 2.600 BOC Croup 873.400 unch BR Petroleum 695 3 BTR 273.400 2 Bank or Scotland 307 -1.400
      2,408 words
    • Article
      Lock icon TOKYO
      1680 11 Reuter Q Nikkei 225 +7M6 STOCKS closed higher yesterday after a day in which indices seesawed, lifted by bargain-hunt-ing and depressed by profit-taking, brokers said. They said most investors were wary after the Nikkei Average plunged below the 19,000 threshold on Thursday. The 225-share Nikkei Average settled 77.46 points
      Reuter  -  1,680 words
    • Article, Illustration
      Lock icon HONGKONG
      1564 12 AFX-Asia Q Hans Seng +62.53 SHARE prices closed off their highs yesterday after properties, financials and red chips led gains, with derivatives trade exerting a strong influence on the cash market. The Hang Seng Index closed 62.53 points up at 13,404.14. Turnover was HK55.64 billion. The December futures contract
      AFX-Asia  -  1,564 words
    • Article, Illustration
      Lock icon CHINA
      634 12 Reuter fl Shenzhen B Index +1245 SHENZHEN'S A and B share indices closed sharply higher yesterday on active buying after Beijing said overspeculation in stock markets had been partly controlled through a crackdown last week, brokers said. The B Index closed at 142.33 points, up 12.95 points or the
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  634 words
    • Article
      Lock icon TAIPEI
      389 12 AFP □WP Index -26.01 SHARE prices finished lower yesterday as domestic fund managers sold stock. "The fall was mainly driven by increasing sell-offs of shares by local fund managers," said a dealer. The TSE Weighted Price Index fell 26.01 points to 6,863.02. Turnover was 1.01 billion shares worth NT532.02
      AFP  -  389 words
    • Article, Illustration
      Lock icon JAKARTA
      741 12 AFP n Composite Index +4J3 STOCKS closed higher yesterday with late gains in selected blue chips, dealers said. "You can see some big stocks rose just a few minutes before closing," a dealer said. The Composite Index added 4.93 points to 637.43. Turnover was 232.1 million shares worth 555.7
      AFP  -  741 words
    • Article, Illustration
      Lock icon BANGKOK
      846 12 AFP H SET Index +fc23 SHARE prices closed 1.1 per cent firmer in thin trading yesterday supported by speculative buying, dealers said. They said speculative buying by retail investors and heavy buying by local mutual funds supported the index rise. The SET Index gained 9.23 points to 835.71. Turnover
      AFP  -  846 words
    • Article
      Lock icon MANILA
      304 12 AFP Manila +5.04 SHARE prices rose 0.2 per cent yesterday in quiet trading after a late buying spree. The PSE Composite Index rose 5.04 points to 3,170.56. Turnover was 7.2 billion shares worth 2.6 billion pesos. Manila Electric Co's A shares fell one peso to 125 as its B
      AFP  -  304 words
    • Article
      Lock icon SEOUL
      436 12 AFP □Composite Indei "7.79 STOCKS fell 1.2 per cent yesterday to their lowest close in almost four years as investors reacted to a wave of strikes. The Composite Index shed 7.79 points to end the last trading day of the year at 651.22, the lowest finish since March 16,
      AFP  -  436 words
    • Article
      Lock icon SYDNEY
      626 12 AFP yiAHOrdmariai +143 SHARE prices closed 0.6 per cent up yesterday when markets reopened after a two-day holiday break with quiet trading and low turnover. The All Ordinaries Index closed 14.2 points up at 2,395.6. Turnover was 134.6 million shares worth A 5436.4 million. Blue-chip miner BHP rose 17
      AFP  -  626 words
    • Article
      Lock icon WELLINGTON
      266 12 Reuter n Wellington +5.72 THE market closed in positive territory yesterday thanks mainly to Telecom and Fletcher Paper. The NZSE Top-40 Index ended 5.72 points up at 2,350.42. Volume was light at NZ$2l.B million. Reuter d«c 27 us rmi A HZ a****) 8.67 uncti 5494 *dv*nt*qn HMqt U« uncti
      Reuter  -  266 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks end mixed in thin trade
        8209 13 Bloomberg Business News Q Composite Index +L 32 SHARE prices closed mixed in thin trade yesterday as a lack of buying interest and profit-taking dominated the day, dealers said. They said buying of index-related stocks during the last hour of trade helped push the
        Bloomberg Business News  -  8,209 words
    • WARRANTS & OPTIONS
    • Article
      CLOB INTERNATIONAL
      1978 14 wai ivntu tmrat > i- <• Or Or 1996 LMt Vat Day LaatOma Hi Hi VM IM MCa* H» 1— X— Cwpwy Wi *h fOOOt laar c w W <"* "625 360 miSOOO ABOSOc 300 Cd 12 372 MS 300 370 SO 4.9 04 70.1 3773 m 04
      1,978 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1233 15 TVmOVH ('000) mutrjow nufc THI T «.4W 4023 VM3» 3M47 Mduttrut 10.4B (4,814 UT3 *M«T rtnanc* UB "J* n2 •?< MeteH ji «j| 1301 TL044 Prop**** IMO ».WT T4# 269 M »PUnUtwn «4 M T4 74 Sff* IMS ,357 4.TO X324 'liS. t:SI 2W23 «M» ".MJ USDAO m t 6—22
        1,233 words
      • Article, Illustration
        HOT STOCK
        55 16  -  bf Shiv Taneja BERJAYA GROUP, which closed one cent up at Sl.lO on a volume of 450,000 shares yesterday, is beginning to look toppish, and investors should consider taking profit in the near future. Both weekly RSI and Siochastics are past 75. However. investors should not expect an
        55 words
      • Article, Illustration
        STII regains 2,200 level, but volume remains dismal
        825 16  -  STOCK MARKET COMMEMTARY Most dealers say they expect the lethargic mood to prevail until the turn of the year, when fond managers return from their holidays By R Sivanithy [SINGAPORE] Trading in the local market yesterday remained at yearlow levels, although a
        825 words
      • ON THE GRAPEVINE
        • Article
          Of Rolex and Mozart
          100 16 ROLEX is known to rope in celebrities to plump for its coveted timepieces. Soprano Klri Te Kanawa is one of them. But those who believe wearing the favourite watch of contractors and towkays on their wrist would bring them any closer to the world of classical
          100 words
        • Article
          Fortune goes Asian
          125 16 FORTUNE magazine knows where business Is. It said in a press statement that it has launched a new Asian edition, which will make its debut on Jan l3 The Asian edition, to be printed in Singapore, will see increased coverage of things Asian, and comes with an
          125 words
        • Article
          The Swiss connection
          163 16 BE ON the look-out for more Swiss banking M executives to hit town, said one banking jj industry observer. This person reckons tha||B the troubles besetting Swiss financial institutions will lead to restructuring and some shuffling of stall. "Usually when 2 there's trouble back home, those that
          163 words
        • Article
          Cashless DBS Bankcard
          67 16 DBS BANKCARD, an ATM card for .^incorporations introduced in 1990, is going cashless. Authorised employees with this corporate bank card can now use it to make;|l payments for goods ami services incurred on behaif of their company. This cashless flf shopping will help companies improve |f| controls
          67 words
    • Article
      MAIN BOARD
      3076 15 I L_a V* Our L—t 0«a*a ON ON YW mt Cap Ay, s*. cmwmt J«jL ♦/-__r686 L _«9»__V J-5L MMISTWALS 5146 ASE NTSIO 200 US- III I MS 90.0 1000 900 ASF US$0.01 WO U5900 ffa m 172 5.0H 7.5 U> W.6 2M.7 214 US 1256 AtwMc- -U9I72
      3,076 words
    • Article
      SESDAQ
      557 15 Or "Or Wt MM UMt Oay List Ou«t. M* Mr Y* N£ C* *»9 r T *4» COOP) Ml«k L»w »«>•' S*t Cw */t twg^Prtc* 289 135 2000 AMHM»S< «"C* 52si!S Jg J2 VMM SS 151 68 204* UMtMc- "3 2 *3 '43 142 2 s s s?2 s:
      557 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      171 7 1 'ft W fl jflf m -ft 1 -A -A* ,Y, wt 'r; B -flMPSpvm- i > H Hp- JK -~M o a i in 1 I A new ARTS i Hgfm I covering news I and features on I 7£2Z mmt I Music, Dance, 1 itcfll u r ttwele
      171 words
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      Page 8 Advertisements Column 1
      35 8 u__ J fl Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil SiflQSDOre Times the Bookshop Cold Storage SPC Prf*ss Kinokuniya Shell BP mph esso Holdings
      35 words
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      Page 12 Advertisements Column 1
      67 12 p-p I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner. Joe
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      Page 14 Advertisements Column 1
      29 14 O.Y.L. Sales Service (S) Pte Ltd Tel: 250 2966 (Sales) 258 8698 (Service hodine) McQuay Air Conditioning (S) Pte Lid Tel: 356 6438 (Sales) 258 5165 (Service hotline) HHD&SSBB
      29 words
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      Page 15 Advertisements Column 1
      23 15 I ROY EASTERN WATCH. LUCKY PLAZA. #01-74. #01-86/87/88 ORCHARD ROAD TEL 734 3139 DELUXE EASTERN WATCH. CENTREPOINT. #01-18/20 ORCHARD ROAD TEL 235 2536.
      23 words
    • Advertisement
      Page 15 Advertisements Column 2
      22 15 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call OA.T.S. at 1800-737-1166 for this free service. Anotfwr CtaMNtod Swvto*
      22 words
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      Page 16 Advertisements Column 1
      684 16 TO ADVERTISE CALL TOLL-FREE 1800-741 1883 DAWOOD MARICAK SONS PTE LTD (IN MEMBERS' VOLUNTARY WINDING UP) At an extra-ordinary general meeting of the members of Da wood Maricar Sobs (Pte) Ltd held at I North Bridge Road. *19-05 High Street Centre. Singapore *****4, on the 20th December 1996 at 11.00
      684 words
    • Advertisement
      Page 16 Advertisements Column 2
      198 16 A BULLISH YEAR STARTS HERE! Lillian New Yean SPECIAL FEATURES Soon, we wiM be ushering another new year the Year of the Ox. Once again, Lunar New Year wi coincide with the Hari Raya Puasa celebrations. Thafs double the joy and prosperity Our readers will be celebrating in style their
      198 words
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      Page 16 Advertisements Column 3
      111 16 CLASSIFIED The one stop tamn 1 i* I Information centre where yuu radfe buy a car. And SsSK, a job or even engage a plumber after dark. W Jkt Cal \OOO-*****66 today. I^*l iflfe. y All you need to do is take out a Special Feature in our group of
      111 words
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  • ISEAS Trends
    • Article, Illustration
      Lock icon Two cheers for WTO ministerial
      1166 17  -  GLOBAL AMD REGIONAL APPROACHES TO FREE TRADE Though having had a good start, the WTO faces formidable challenges. Marl Pangestu examines the results of the first Ministerial Conference Mari Pangestu Dr Mori Pangestu is Head of the Department of Economics at the Centre of Strategic
      AZIZ HUSSIN  -  1,166 words
    • Article, Illustration
      Lock icon Apec's Subic Summit gets a B+ grade
      1006 17  -  Apec continues to succeed because of political support at the highest levels By. Peter A Petri Dr Peter A Petri is Dean and Professor in the Graduate School of International Economics and Finance. Brandeis University. Walt ham MA. USA. He is currently on
      REUTER  -  1,006 words
    • Article, Illustration
      Lock icon Environmental degradation due to rapid urbanisation
      1643 18  -  The growth of megacities in developing countries will lead to environmental problems of crisis proportions, say Avtyit Gupta and Mukul G Asher Avijit Gupta,Mukul G Asher Dr Avijit Gupta is Associate Professor at the Department of Geography, and Dr Mukul G Asher is Associate
      REUTER  -  1,643 words
    • Article
      Speculating about Europe
      583 18  -  BOOK REVIEW The Future European Model: Economic Internationalization and Cultural Decentralization (By J Ostrom Moller, Praeger, Connecticut: 1995) By- Yeo Lay Hwee Yeo Lay Hwee is a Research Associate at the Institute of Policy Studies. IN the decades following the Second World War, Europe spent its energies
      583 words
    • Article, Illustration
      The art world looks east to a 'new imperial epoch'
      924 18  -  Chinese art works of imperial vintage constitute one of the brighter spots in an otherwise patchy art market ffy Derek da Cunha The writer, a collector of Qing porcelain, is a Senior Fellow at ISEAS and Editor of Trends. He
      924 words
    • Article
      Exclusionary politics still tantalises many Cambodians
      1214 19  -  Cambodian leaders should chart a course of political action carefully in the run-up to the 1998 elections. SorpongPeou examines options Sorpong Peou Dr Sorpong Peou is a Fellow at the Institute of Southeast Asian Studies. SINCE the United Na-tions-organised elections in Cambodia in May
      1,214 words
    • Article, Illustration
      Lock icon Education as a commodity for the masses
      1317 19  -  The extraordinary growth of higher education in Malaysia will propel the country's industrialisation plane &y Thong Lay Kim j Dr Thong Lay Kim is a Lecturer iff the Faculty of Education, University of Malaya, Kuala LumpurJ SINCE the late 1980s, Malaysia has embarked
      THE STAR  -  1,317 words
    • Article, Illustration
      Lock icon Treading gingerly through a minefield
      1414 20  -  Renewed efforts must be made to ban countries using landmines as their military utility diminishes but their cost to civilian lives continues to escalate. Amyn b Sajoo examines the issue Amyn B Sajoo Dr Amyn B Sajoo is a former Canada-Asean Fellow at ISEAS, at
      REUTER  -  1,414 words
    • Article, Illustration
      Lock icon Upbeat about Sino-Indian ties
      1255 20  -  The recent visit of the Chinese President to India helped to improve relations Dipankar Banerjee Major-General (Retired) Dipankar Banerjee is the Co-Director. Institute for Peace and Conflict Studies, New Delhi. A CEREMONIAL 21-gun salute welcomed Mr Jiang Zemin at the forecourt of Lutyen's Vice Regal Palace
      REUTER  -  1,255 words
    • Article
      India, S-E Asia, US linkages
      252 20 IN the post-Cold War era, a great amount of effort is being put in by governmental and non-governmental organisations to establish linkages between regions in a world that information technology is making smaller and smaller. As one part of that effort, the Institute of Southeast
      252 words
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      Page 18 Advertisements Column 1
      246 18 Trends A monthly puMirmllon ut Uw lamnulr ot Sou Uvea* A«i«n StudM* The Publication Editors-in-chief S. Rajaratnam ChiaSiow Yue Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan HengChee (Singapore) Stephen FitzGerald
      246 words
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      140 19 t reliable and timely til on Myanmaiv ,^7; .»»"*-*i«-*"*' SBS! ppr} subscribe to •^^View KBDizmn in an easy to read format. Recent issues include: Political Roundup Banking and Financial Reforms Japanese Business Interests in Myanmar The Processing and Manufacturing Sector The World Economic Forum and Myanmar MyanView Forthcoming issues will
      140 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Who's who in the Turkey Club
      1095 21 We're about to hand out the awards you'd rather not receive. So before you pop that year-end champagne, read on to see who's made it to our Turkey list ITS TIME for one last bit of merrymaking before we bid adieu to 1996 and
      1,095 words
    • STRAWS In The Wind
      • Article
        Messy Messiah
        91 21 SOME members of the audience at last weekend's Singapore Symphony Orchestra performance of Handel's famous oratorio Messiah were dismayed to find their programme notes riddled with typographical errors. The more notable ones included: "Er imanual: God with us", "Hellelujah", "He was despised and ejected of men," and a
        91 words
      • Article
        Unfamiliar territory
        71 21 AT A Singapore Democratic Party election rally in Bukit Gombak, opposition MP Ling How Doong had rounded up three colleagues for some moral support. But it was quite clear they were not familiar with the area. In quick succession, they greeted their listeners with "residents of Bukit Gambok",
        71 words
      • Article
        Party confusion
        42 21 IT'S GETTING rather complicated trying to remember what the various opposition parties' acronyms stand for. So much so that even one radio newscaster got confused and referred to Chiam See Tong's SPP (Singapore People's Party) as the Singapore Progressive Party.
        42 words
    • TURKEY AWARDS 1996
      • Article, Illustration
        Properties, projections and politicians
        1405 22 QUEUE OF THE TEAR We've a turkey lined up for Marco Polo Developments, whose Ardmore Park property launch created such a flirore In the middle of the year. Marco Polo decided to sell its multi-million dollar apartments by a queue system which was widely assailed as
        1,405 words
      • Article, Illustration
        Bad deeds and falling stars
        1106 23 CRUELLA DE VIL AWARD He's less flashy but equally cruel. Worse, he's real. Renovations contractor Seah Kian Hock has the dubious honour of being fined $500 for savagely beating a dog named Jacky, which died two months later. An unremorseful Seah said he did it
        1,106 words
      • Article, Illustration
        The big white lie
        535 24  -  CINEMA Whoopi Goldberg invents a Caucasian business partner to help further her career. Unfortunately, The Associate is full of flab Holly Harrison LIKE a guy who might be cute if only he'd lose that paunch. The Associate might be a pretty entertaining movie if it lost
        535 words
      • Article, Illustration
        Small membership, few perks
        596 24  -  CINEMA Three unhappily married women get revenge, but the rest of us end up with very little from The First Wives Club By. David Boey THE LAUGHS in the whimsical comedy-drama The First Wives Club are like a cola that has lost it's fizz flat. This
        596 words
      • Article, Illustration
        Lock icon Original formula for success
        583 25  -  CINEMA Want to know what's really happening at Emerald Hill? Then drop in at Qne Pasa By A Surendren WITH so many good wine bars sprouting up around town these days, it looks like entrepreneurs in the business are finally getting some things right. In keeping
        ARTHUR LEE  -  583 words
      • Article, Illustration
        WHAT'S ON
        372 25  -  Compiled by M Yasotha PERTORMAJfCBS M-Butterfly Dance Ensemble Singapore presents this musical which comprises six scenes The Prelude, Chance Meeting, Romance at the Theatre, Love Blossoms, Red Wave and Love Lost. Dec 30 31, Bpm Matinee on Dec 31 at 3pm. Venue: Victoria Theatre. Tickets: $10. $15, $20
        372 words
    • EPICURE
      • Article
        Planning for the eve of the new millennium
        764 26  -  WINE CONNOISSEUR New is the time to start laying down wines for that last celebratory bash ofche century Btl N K Yong THIEVE of the millennium wK*oon be upon us a scant tmfe- years away. So while iiyjn mill are planning only
        764 words
      • Article, Illustration
        Lock icon A peaceful convent child
        731 26  -  Grappa's at Chijmes is a very different creature from its loud and boisterous Hongkong parent jaxmb be finds it chic, efficient, and as quiet as a church on Mondays JAIME EE Grappa's Singapore 30 Victoria Street no 1-29 Chijmes Singapore *****6 Tel 334-9928 OVERALL RATING: 6.50ut0/10
        SIEW YAW HOONG  -  731 words
      • Article, Illustration
        The fairest of them all
        673 26  -  RESTAURANT Olio 3 On Sontec is quite simply the best of the Dome outlets in Singapore By\ Corinne Kerk NOW THAT cafes have descended in full force all over Singapore, Olio Dome, one of the first to start the local coffee drinking trend, has fought
        673 words
    • Article, Illustration
      CINEMA
      1096 27 The Admturw Of Phomhlo, Martin Landau is the old woodcarver in this animation-live action version of the classic tale. Princess, Queens way spm. New Crown: 1.30; 3.90; 5.30; 7.30r 9:30. Clementi: 3; 5.90. Army Dm Screen version of Michael Chiang's book and play about five army recruits from varying
      1,096 words
    • TRAVEL
      • Article, Illustration
        Lock icon Sand, sea and sunny smiles
        1860 28  -  Still looking for that elusive place in the sun? ammette pau finds it in Fiji, a group of 333 South Pacific islands blessed with rare and exotic beauty ANNETTE PAU fc; ENTION that you're going to your Everyone simply IV assumes ■MzS-e off to a
        PHOTOS BY ANNETTE PAU  -  1,860 words
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      Page 24 Advertisements Column 2
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      560 25 Where to wine, dine and entertain ■■BH APOLLO HOTEL—| SMGAPCM 24 &31 DECEMBER FIRST DRINK 8 00pm-3 00»m per person v W M Unwind with golden huhhles at the Huhertus Grill thin Sunday with a free glass of Gold Sett Champagne, containing real 24 carat gold flakes. The perfect compliment
      560 words
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      193 25 LONGEST rfi-Tea rowry Now from 12 pm to 5 pm DAILY (Mon-Sunl BY POPULAR DEMAND! on our spread of Pastries, Nonyo Kuek, and localfavourites like Mee Siam, Laksa. Rojak, Mee Rebus and more! Adult: $12.80 (Sal. Sun A Public Holidays: SI3.80) Child: $7.80 Subject to service charge A gov't taxes,
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      Page 25 Advertisements Column 3
      183 25 The j biggest Dian Xin Restaurant L At The Neptune on Shenton Way Dian Xin/Lunch v|fl& j 11.30am-2.3opm\^^ (MZ) &J* m 7TH FLOOR. OVERSEAS UNION HOUSE. "Dine for Free" Lucky Draw 1 Sep 31 Dec 96 Each week, we will be giving a full refund* I SwV for the amount
      183 words
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      270 26 V A£>\' MHHMMMMHMMMMMM BUSINKSS The only monthly business magazine that gives you the Singapore perspective of the local and regional business scenes KLr ft!— lAs^Bfcsess-i BUSINISS BUSINESS BUSINKSS A qI/TH rf Tf EXGCUtIV6 Condos 7"Singapore Tetecom 1 Virl.lx It Wild card in the property martet ftWErfrrfflffltffel Mhti -m-m IIIE3E2fIKIHEM IllHi
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  • Page 27 Miscellaneous
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      1932 27 TODAY'S TV RECOMMENDED VIEWING Pnntore U too 00 Sunday 8 Schedute# the paSt TnppFaUKMways "0 Te^ s 1 lM £S and You Give Love A Bad JJ® g^ n( !f al Hfe Urmel Shattered Trust, LlOam, Name, performed at Gillette World Sport Spe- V lIP Ch 5 London's Wembley J-J®
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