The Business Times, 12 July 1997

Microfilm: NL20797
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JULY 12-13,1997
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  • Article
    MARKET SUMMARY
    64 1 1 D 5m (+tii) O S3m+7.BJ) aBBBSHKt rnoay vchh b KUKCDXt 1 UW7JI1 «M fKKKL-. tt£7M9—+IM.7I IHMMig BMIM 4mf SCT INDEX JBSM ,*7* i JAKARTA COUP—7&41, -6.7J MANILA COMP __17IU4_+MU» TMfBim w *11 SEOUL COMP 7tt» *S3 ULSA CHINA B _tf7t» AUST ALLORD tW.I +4.7 IMm EST Cfcaue
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  • Article
    FINANCE
    61 1 T." B8I 81 1.494 Utt 1424 01 »J7t 1817 YEN Ml 1878 Vt$l m tan un t HKS im 0186 BAIfT- UM (M RDPfAHIW (Ml MM SINGAPORE* «L44 KUALA LUMPUR «M JAKARTA ML* > BANGKOK AS i hwomwIZIZZZZZjl* TAIPH 1N 3YBMR1—». i I, mi ,i,i i —,K80 TOKW i
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  • Article, Illustration
    Finance sector budget miffs manufacturers
    719 1  -  Incentives also to boost regionalisation, telecoms and high-end logistics, bat no corporate tax cuts By< Chuang Peck Ming FINANCE Minister Richard Hu yesterday disappointed many in the business community when he unveiled a budget aimed largely at boosting Singapore's role as a major financial hub
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  • Article, Illustration
    Price Waterhouse paints bleak future for CAM Int'l
    715 1  -  Report warns that the company needs immediate rescning By < Catherine Ong A REPORT by Price Waterhouse (PW) has painted a bleak future for precision components maker CAM International Holdings that came just short of saying the listed company would go bust
    715 words
  • Article, Illustration
    Lock icon Peso devalues, regional currencies and stocks hit
    617 1  -  More uncertainties ahead after Manila, Jakarta widen currency ranges By Larry Wee (SINGAPORE] The Philippines effectively devalued the peso yesterday, leading other South-east Asian central banks to draw up their defences as the region reeled under the onslaught of speculators. The peso weakened
    Source: Dow Jones  -  617 words
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      Page 1 Advertisements Column 1
      107 1 r db ■M|l For Sun Microsystems' Scott McNeally, the motto "Haw lunch or be touch" tea way of fife that has J the company v Just two months after Moor swept Into power, BriHA hnntimai is growing disgruntled witn the government, Pgt HK tycoon Stanley Ho's gambling empire in Macau
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      7 1 Irregularities point to elaborate scheme, Pg 10
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      41 1 More itoflkwi reports on the budget, Pgs 2-5 m 1 The Alfred Dunhill Centenary Watch. Indispensable whatever the angle. Visit Alfred Dunhill at Raffles Hotel Arcade, The Paragon, Ngee Ann City, Sogo Raffles CHy, Doimoru Liang Court and leading watch retailer*
      41 words
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      4 1 More report*, Pg 7
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  • '97 BUDGET
    • Article, Illustration
      Lock icon Generous perks to pull in big league fund managers
      596 2  -  5-ywrtu holiday for thoMiiuuujlngSlOb far AOUs extended Hy\ Siow Li Sen FINANCE Minister Richard Hu yeaterday held out a strong incentive for big-league fund managers to use Singapore aa a base for their regional operations He gave full tax exemption to
      CHRIS LOH  -  596 words
    • Article
      Int'l rating firms to get 10% tax concession for first 5 years
      375 2  -  Oy( Clarissa Tan INTERNATIONAL credit agencies which Mt up In Singapore will get 10 per cent tax conceeelon for an Initial period of five years with effect from YA 1960. One Immediate beneficiary Is probably Standard Poor's, which
      375 words
    • Article
      Banks' exempt provisions raised to 3%
      283 2 BANKB wsrs givsn a blggsr buffer against risks with sn Incrssss In tax-dsductlbls gsnsrsl provisions from 2 to 8 psr csnt of thslr loan snd lnvsstmsnt portfolio* from Ystr of Aassssmtnt (YA) 1999. "As ths financial markats bsooms mors oompatitlvs and sophisticated, banks and
      283 words
    • Article, Illustration
      Roundtable views on the budget
      621 2 Marital Booby Director of tax, Coopers Ly brand "THIS has bean a feirly specific budget It looks at the financial Mrvlcee sector and predominantly la looking at tha macro level, to encourage the bringing in of fiulßaM flaanokl services, fond manager! and foreign ourrency trading.
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    • Article
      Tax exemption for managers of foreign IPOs
      468 2  -  iManwffltaemM Ibqridlty.aidiepat* By Ven Sreenivasan BTHB budget incentives to S boost the trading of foreign stock! here will increase 11Squldlty end add depth to the IStock Exchange of Singapore. Thie wae the view of mar9ket watchers on the Finance S Minister's announcement that
      468 words
    • Article
      Current wine tax left standing, contrary to recent rumours
      530 2  -  Drinker* wine mannry niiBVN u rhiny By i Corinne Kerk WINS drinkara, retailers and importare breathed a sigh of relief yesterday ae the current tix atructure on winee remained unchanged. For the poet eeveral weeks, rumour* had it that tha government
      530 words
    • Article, Illustration
      What they say
      629 3 "After JTC announced that it was going to freeze rentals this year to help businesses keep down costs, I expected more measures along the same vein in the budget." Cai Chen, general manager, Triumph Property Services "We are pleased with the W JM wide-ranging tax incentives given
      629 words
    • Article, Illustration
      A sharply focused budget
      619 3  -  OOMMHMTABY Dr Hn may be holding his fire till competitiveness panel releases its report early next year By Vikram Khanna THE budget presented by Finance Minister Richard Hu yesterday —or at least the section on tax changes, which is the most closely followed—can be likened to
      619 words
    • Article, Illustration
      Lock icon One-off 10% tax rebate again for individuals
      379 4  -  Higher tax reliefs for income earned this year By, Jenny Lam FINANCE Minister Richard Hu unveiled a range of goodies for the individual yesterday, extending a one-off tax rebate of 10 per cent for income earned last year and raising tax reliefs for
      FILE PHOTO  -  379 words
    • Article
      Lower income households seen benefiting most from rebates
      512 4  -  flsodiee iuciude rebates on HDB rentals and PUB bOls By. Audrey Tan LOWER income households stand to gain the most from the package of rebates and concessions for individuals announced yesterday. Goodies targeted at this group include rebates on HDB service and
      512 words
    • Article
      Only compulsory CPF contributions to be tax deductible
      359 4 Move follows recent CPF rule change for foreign workers ONLY compulsory Central Provident Fund contributions will enjoy tax deductibility from Jan 1,1999, Finance Minister Richard Hu announced yesterday. The move follows the government's recent ruling that mandatory CPF contributions by employers will
      359 words
    • Article, Illustration
      Will a bigger surplus mean faster growth?
      1026 4  -  Byi Anna Teo IF THE link between Singapore's budget surplus and economic growth continues to hold this year, it will mean one of two things: either the actual FY97 surplus will hardly be half as high as the projected $4.1 billion, or 1997
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    • Side Lines
      • Article
        $17.8m set aside for second link
        61 4 SOME $17.8 million has been set aside in FY97 for the second link between Singapore and Malaysia, which will cost $124.2 million in all to build. Other development projects of the Ministry of Communications include land reclamation at Changi East. The project, costing a
        61 words
      • Article
        Investigating more crocks...
        79 4 THE Commercial Affairs Department expects to be looking into slightly more cases of commercial fraud this year, but reckons there would be fewer prosecutions. It expects to make 200 investigations this year, five more than in FY96, and land 96 prosecutions, five fewer than before. And CAD
        79 words
      • Article
        Plugging the teacher shortage
        52 4 THE Ministry of Education expects to hire many more temporary, relief and daily-rated staff this year. Temporary and relief staff costs are expected to jump 182 per cent to $623,100, from $185,500 in FY96. The budget for daily-rated workers has swelled too, by 111 per cent
        52 words
      • Article, Illustration
        Better forecasts expected?
        66 4 HERE'S one for Trivial Pursuit, Singapore-edition. How many weather forecasts did the weatherman make last year? Answer: 74,400. That's not counting another 300,000 or so weather forecasts and warnings he produced Cor the civil aviation, RSAF aviation and shipping sectors. For his efforts, the weatherman —or specifically,
        66 words
      • Article
        Woodbridge revisited
        57 4 PATIENTS at Woodbridge Hospital are typically re-admitted after about eight months, down from 9.4 months two years ago. The hospital has seen a steady increase in activity over the last five years: the number of outpatient attendances jumped 22 per cent to 138,060. while the number of inpatient
        57 words
      • Article
        More to say 'I do'
        53 4 IT costs the Ministry of Community Development almost 820 to register a marriage, compared to 814 five years ago. Solemnising a marriage is cheaper, at around 816. A total 0f21,290 marriage registrations are expected this year, 900 more than last year but about 1,000 fewer
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      • Article
        On skid row
        73 4 MORE bankrupts may have been discharged of late, but apparently more will go bust. The Ministry of Law expects to process 1,200 bankruptcy cases this year, 50 more than fn FY96. The number of company liquidation cases is also expected to rise, by 20 to 200. Last
        73 words
      • Article
        Cost of clearing squatters
        69 4 CLEARING Malayan Railway land of squatters will cost $36.5 million in all, of which 8180,000 has been set aside for this year. So far, an estimated 817 million has been spent on this project one of several under the Ministry of National Development. MND has 874.8
        69 words
      • Article, Illustration
        Bad scenes
        38 4 THE cost of censoring a film is $37, but it costs only 56 cents to cut a video down to size. The Censorship, Licensing and Enforcement Unit doctored 5,840 films and 4.1 million videos last year.
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      • Article
        All wired up
        46 4 THE computerisation of Parliament will cost taxpayers 13 million, of which $592,400 is likely to be spent this year. Another $29 million will be spent in the year to restore and build up Parliament Complex. The project will cost $148 million in total.
        46 words
    • Article
      Building allowance move a step in right direction: logistics firms
      363 5  -  IBA will lessen tax burden on cost of building warehouses By. Felix Chan THE move to extend the Industrial Building Allowance (IBA) to companies providing integrated logistics services in this year's budget was hailed by the logistics industry as a
      363 words
    • Article
      Making it less taxing for firms going regional
      322 5  -  Overseas Enterprise incentive limits on storchtlimg By Tan Su Yen IN a boost to companies with regional operations, this year's budget relaxed shareholding requirements in the Overseas Enterprise Incentive (OEI) scheme. When the OEI was introduced in 1993, it provided for tax
      322 words
    • Article
      Less property tax for house owners who rebuild
      223 5  -  By Abdul Hadhi HOUSE owners who rebuild their homes will now pay less property tax during the period in which their properties are under construction. Finance Minister Richard Hu yesterday lowered the tax to 4 per cent of the annual value of
      223 words
    • Article, Illustration
      Incentives to spur firms into using launching satellites
      377 5  -  By David Boey INCENTIVES aimed at helping companies defray the cost of developing and operating telecommunications satellites were announced yesterday. "Satellites play an important role in today's telecommunications and broadcast industries. With most of the world still unwired by conventional land lines,
      377 words
    • Article
      Irregularities in papers of 12 parallel car importers
      377 5  -  Customs dept to conduct second round ofumstigfttians Byi Christopher Tan CUSTOMS officers have found irregularities in the trade documents of 12 parallel car importers after a raid conducted last month. "Some irregularities have been found in the first round of investigations," a
      377 words
    • Article
      Exklusiv Auto offers its Kg Ubi premises for sale
      327 5  -  By< Christopher Tan RENAULT dealer Exklusiv Auto Services has put its sprawling premises at Kampong Übi up for sale. It has appointed property consultants Colliers Jardine as the sole agent to handle the tender exercise which closes on July 31. According
      327 words
    • Article
      Bill to dissolve PSA as stat board in prelude to IPO
      212 5 IN A first step towards the Port of Singapore Authority's (PSA) eventual listing on the Stock Exchange of Singapore, Communications Minister Mah Bow Tan yesterday tabled a bill to dissolve it as a statutory board. The Port of Singapore
      212 words
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      180 3 A with world-class events and expeditions whose achievements can only be described as unprecedented and spectacular. Like the Breiding J||j Orbiter 2, Breiding Fighter Challenge 1997 and the Mata-Rangi 9 Expedition just to name a few. JBl W A In November 1997, adventurous scientist professional baHonist Wim Verstraeten whpiPnfo a
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  • Page 5 Advertisements
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      144 5 Bangladesh Shipping Corporation International Freight re-tenocr is invited from vessel owners/ agents/brokers for transportation of 100,000 Metric Tons (5 PCT MORE OR LESS SUPPLIER'S OPTION) MuRBAN CRUDE OIL FROM Jebeldhana to Chittagong under lifting Laycan 28-30 July *97 on account of Bangladesh Petroleum Corporation (BPC). Re-tenoer schedule (details terms and
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      357 5 THE WEATHER fttnpipnrn Showers are expected in the late morning and early afternoon, mainly over Western, Southern and Central Singapore. Temperature (33-23) W OmmL fen|• BVLa* (M. teta HVU 1 (M. A"*** Orn Sbm IMS Shown ft,,,,,, B"#* IMB rmm Am 3WI CWy llw a/ii Ctarty Bsfa &/I1 (V«7> awg»
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        666 6 Those polled for their views on the Singapore stockmarket outlook next week were: Alliance Securities, Daiwa, Deutsche-Mor-gan Grenfell, DBS Securities, Fraser-AMMB, ING-Barings, Phillip Securities, Keppel Securities, Vickers Ballas. Advanced System Automation ♦Buy ING Barings, July 10, S$2.65 WE are reiterating our BUY recommendation on the basis of
        666 words
      • Article, Illustration
        Lock icon In My Opinion
        435 6  -  Grace Yeo Grace Yeo Portfolio manager UOB Asset Management Source: Datastream, for the period 31.12.91 to 30.04.97, in US dollars ANY investors ofVI ten gauge tlie P°" 1.1 X. tential of a market by looking at representative indices. For Japan, any volatility on the Nikkei 225 index
        * Source: Datastream, for the period 31.12.91 to 30.04.97, in US dollars  -  435 words
    • Article, Illustration
      Lock icon Bruising time for KL stocks as funds pull out
      617 6  -  E7EON THE REGION: MALAYSIA PEBs look attractive, but things could get worse before they get better, say analysts From, Eddie Toh in Kuala Lumpur EXPECTATIONS of a weak stock market in the absence of Malaysian Prime Minister Mahathir Mohamad have been
      Source: Bloomberg; FILE PHOTO  -  617 words
    • Article
      Going beyond plain insurance
      1025 6  -  Investment-linked insurance offers the benefits of a managed investment fund on top of guaranteed coverage By' Tan Peng Chye The writer is a senior marketing manager of Great Eastern Life [SINGAPORE] THE emergence of in-vestment-linked insurance is beginning to change public perception of life insurance, traditionally
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    • Article
      Unit trust performance ranking
      984 6 Next pnUiealiOB date: Aof 9,1997 11 I 1 I—fc 1HI IHi iwOw If Iff >yt» y* 11* tIM §H8i lyr tyw >f— JfJ| 4Ut <M| 4|| MM8MFAfVmJhp(VH9* WMi US TJi 44M 4 Ul M4B CLS&mwre Crowd 28/07/69 -1.97 -3 86 7 O.Ji 2 4.19 2 22.32
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  • TURMOIL IN CURRENCY MARKETS
    • Article, Illustration
      Lock icon Manila gives up 2-week fight to defend peso
      600 7  -  MANILA Comncyalkffledto move in wider band against dollar in de-facto devaluation By< Al Labita THE Philippines yesterday gave up its two-week-old defence of the battered peso, allowing it to move in a wider band against the dollar. The de-facto devaluation sent the
      Source: Bloomberg; REUTER  -  600 words
    • Article, Illustration
      Lock icon M'sian firms buy into Thai finance firms
      526 7  -  BANGKOK EL companies include New Straits Times, MBf Holdings, Repco By] Harish Mehta MALAYSIAN companies led a pack of foreign companies taking up stakes in some of Thailand's 16 most troubled finance firms which were scrambling yesterday to meet a Bank of Thailand
      Source: Dow Jones; Source: Bloomberg  -  526 words
    • Article
      Peso depreciation worsens inflation, debt woes: analysts
      390 7  -  MANILA By Al Labita PRESSURES on Inflation and foreign debt are expected to build up with Manila's de-fac-to decision to depreciate the overvalued peso and leave its fate to free market forces, analysts said yesterday. "The immediate short-run impact is the rise in
      390 words
    • Article
      Electronics and oil firms stay cool
      484 7  -  SINGAPORE Currency movements have 'become a fact of life ferns', says HP By] Ronnie Lim ELECTRONICS companies here, which account for the bulk of Singapore's trade with the Philippines, said there was "no immediate disaster" from the peso's 11.5 per cent fall against the
      484 words
    • Article
      HK$ stays stable amid turmoil
      349 7  -  HONGKONG By Loh Hui Yin THE Hongkong dollar was a beacon of stability amid the storm surrounding South-east Asian currencies, traders said yesterday. There was none of the speculative attacks against the HK dollar that the other regional currencies experienced although the local unit was
      349 words
    • Article
      KL finance firms offered lower rates
      434 7  -  KUALA LUMPUR By Meera Tharmaratnam BANK Negara continued to keep interest rates high to fend off speculators but informally created a two-tier market in an attempt to ease liquidity problems for local financial firms by offering them funds at lower rates. The ringgit yesterday
      434 words
    • Article, Illustration
      Lock icon Indonesia widens rupiah-US$ intervention band
      458 7  -  JAKARTA By S N Vasuki INDONESIA widened the key rupiah-US dollar intervention band yesterday in a move to discourage speculators and give it flexibility in currency management. The widening of the intervention band was announced by Bank Indonesia yesterday afternoon, a few hours after the
      Source: Dow Jones  -  458 words
    • Article
      Peso plunge shocks S'pore investors but limited fallout seen
      499 7  -  SINGAPORE Unit seen recovering on strong economic fundamentals Ay) Conrad Raj BUSINESSMEN here with investments in the Philippines were surprised by the peso's sharp tumble after its de facto devaluation yesterday. "It's terrible" was the immediate reaction of one of Singapore's
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  • REGION
    • Article
      Lock icon China approves first two Sino-foreign trade firms
      449 8 SHANGHAI Move allowing competition in key sector seen benefiting both sides Reuter, AFP CHINA has approved the country's first joint venture foreign trade firms, a move which officials and analysts said introduces competition to a key sector and is a major step forward
      Reuter,; AFP  -  449 words
    • Article
      Lock icon Hun Sen government slams US decision to suspend aid for 30 days
      442 8 PHNOM PENH Flights from Phnom Penh to Bangkok resumed yesterday Reuter, AFP, BernamaKyodo THE Cambodian government of Second Prime Minister Hun Sen reacted with anger yesterday to a US decision to suspend aid to Cambodia. "The decision is
      Reuter,; AFP,; Bernama- Kyodo  -  442 words
    • Article
      Lock icon Taiwan obstructing ties with HK: China
      430 8 BEIJING Reuter CHINA yesterday accused Taiwan of curbing economic cooperation and contact between the island and Hongkong, which reverted to Beijing's ride last week. "We hope the Taiwan authorities. will not continue to serve as a passive force obstructing the development of Taiwan-Hongkong relations
      Reuter  -  430 words
    • Article, Illustration
      Lock icon Welcome to Beer-jing
      62 8 [BEIJING] Waitress Pang Shuhua serving beer to a customer at a beer festival in Beijing yesterday. Beer consumption in China has been on the rise, with drinkers of the beverage expected to guzzle more than 22 billion litres this year. China's more than 700 brewers made 17.5
      REUTER  -  62 words
    • Article
      Lock icon Tighter credit for 16 more Korean groups
      241 8 SEOUL Bloomberg SOUTH Korea's Office of Bank Supervision said it will tighten credit controls on 16 more industrial groups to prevent any more massive bankruptcies. The move, which affects industrial groups with a total of more than 250 billion won (*****.5 million) in
      Bloomberg  -  241 words
    • Article
      Lock icon Manufacturers lead Japan recovery: EPA
      354 8 TOKYO Bloomberg MANUFACTURERS are a bright spot in Japan's slow economic recovery as they raise production to meet demand at home and abroad, the Economic Planning Agency (EPA) said in its monthly report. Increased foreign demand and the relative strengthening of the dollar against the
      Bloomberg  -  354 words
    • Article
      HK's autonomy may face new threats
      236 8  -  SINGAPORE By Lu Ning NEW power centres supported by mainland interests may pose the greatest threat to Hongkong's autonomy now rather than Beijing, said a senior economist. Four new power centres were identified by Friedrich Wu, vice-president of DBS Bank and head of its
      236 words
    • NOTE Book
      • Article
        Lock icon NZ current account deficit at record high
        62 8 Reuter [WELLINGTON] New Zealand recorded its largest ever current account deficit yesterday, prompting a sharp sell-off in the New Zealand dollar which analysts said could compel the Reserve Bank to tighten monetary conditions. Statistics New Zealand said the current account deficit had blown
        Reuter  -  62 words
      • Article
        Lock icon 800% pay rise for Chinese troops in HK
        59 8 Reuter [BEIJING] Beijing has decided to give Chinese soldiers stationed in Hongkong an 800 per cent pay rise to help them cope with exorbitant living costs in the territory, the Weekly Digest said yesterday. The soldiers will get 500-600 yuan (598M103), roughly
        Reuter  -  59 words
      • Article
        Lock icon Aide to President Kim resigns
        73 8 Reuter (SEOUL] South Korean President Kim Young Sam's aide resigned yesterday after a local newspaper reported that he had funnelled large sums of money from a contractor to Mr Kim's son in June 1966, a presidential spokesman said. Joongang Ilbo newspaper reported on Thursday that
        Reuter  -  73 words
      • Article
        Lock icon Fire at Pattaya resort: 74 dead
        44 8 AFP [BANGKOK] Fire swept through a 30-storey hotel In the Thai beach reeort of Pattaya yesterday, killing at least 74 people, many of whom were trapped behind locked (Ire exits in the Royal Jomtien Resort, officials said. —AFP
        AFP  -  44 words
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      196 8 EXECUTIVE Appointments Ik advertlM call 10l hw ISM-741 ISO IB Are you looking for a new challenge? A Leader International pharmaceutical company is Marching for an: I This general management position wiH tie responsible for buMlng, developing and managing distribution channels in Japan, Korea, India, China and Australia. You are
      196 words
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      Page 8 Advertisements Column 2
      7 8 Singapore Business •Giving you the winning edge
      7 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      52 8 POONESBURY By Garry Trudeau LAC&, XX/VB OZBH A /7IS VERY HARP FOR TO G&MI66&AKX-AN SAY THG, BUT IT MM K TIME I HOUBUTPW- IVSSB ISn A JNSP&mONTOSO FOKWJTD IST6O,IOSTBP I MtSBMBWU I P^^M i I XV. \%£L MANY CF US... POtUNMJTTH YOUR FULL PI6NTTY I TMNKMOUT A PRAR A IAC^.
      52 words
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  • THE WORLD
    • Article
      Labour govt begins to lose favour with UK firms
      503 9  -  LONDON Strong prising interest rates affecting exports, manufacturing From. Neil Behrmann BRITISH business is becoming increasingly dissatisfied with a Labour government, which many were happy to elect only two months ago. By giving the hawkish Bank of England independence, the government
      503 words
    • Article
      Lock icon US producer prices dip for the sixth month
      312 9 WASHINGTON June's OJ% fell suggests Fed right in not raising rates Bloomberg PRICES paid to US factories, farmers and other producers unexpectedly dropped for a record sixth month in a row in June falling 0.1 per cent and confirming inflation remains dormant.
      Bloomberg  -  312 words
    • Article
      Lock icon Clinton names two Fed board candidates
      200 9 WASHINGTON Reuter US PRESIDENT Bill Clinton said on Thursday he would nominate University of Michigan professor Edward Gramlich and economic consultant Roger Ferguson to the board of the powerful Federal Reserve. The long-awaited nominations, which are expected to win Senate confirmation, are unlikely to
      Reuter  -  200 words
    • Article
      Lock icon BBC to invest £15m in revamp
      182 9 mLONDON Reuter THE BBC is to invest £15 million (5136.3 million) as it reorganises and reinforces its foreign news operations, the corporation said yesterday. Its network of 42 overseas bureaux will be reorganised, and seven of the bureaux will be upgraded to the status
      Reuter  -  182 words
    • Article, Illustration
      Lock icon Mandela in London
      47 9 [LONDON] President Nelson Mandela (right) of South Africa sharing a joke with British Prime Minister Tony Blair during a visit to 10, Downing Street here on Thursday. It is the first time the two have met since Labour swept to power in May. REUTER
      REUTER  -  47 words
    • Article
      Lock icon Nafta providing modest benefits to US: White House
      266 9 WASHINGTON Bloomberg THE three-year-old North American Free Trade Agreement is providing a "modest positive effect" on US exports, investment and jobs, the Clinton administration was expected to tell Congress in a report yesterday. Facing a contentious fight this autumn on Capitol Hill
      Bloomberg  -  266 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Irregularities point to elaborate scheme
      517 10  -  AUDITORS' REPORT ON CAM Dubious deals appear to be to inflate profits, cam! |Hwwl4ft misuse of funds By Jennifer Lien [SINGAPORE] Missing books, dubious cheque sequences, deliveries that were never made, documents which staff did not remember preparing these were some of the shenanigans unveiled
      517 words
    • Article, Illustration
      Lock icon Asia Food aims to be traded on SES by July 21
      582 10  -  By* Conrad Raj [SINGAPORE] Indonesian firm Asia Food Properties, which recently acquired troubled Am col Holdings, plans to have its shares traded on the Stock Exchange of Singapore on July 21 or even earlier. Mak Lye Mun, head of
      SIEW YAW HOONG  -  582 words
    • Article
      Central bank curbs could boost Indon property firms
      761 10  -  HOCK LOCK SIEW S N Vasuki BANK Indonesia (BI) has done much for its reputation in slapping new restrictions on commercial bank lending to the property sector. While the share prices of listed property firms and banks may initially have fallen in
      761 words
    • Article
      Hour Glass to buy office space in HK for HK$13.5m
      150 10 SINGAPORE Mainboardlisted The Hour Glass Ltd will acquire two units of office space in Hongkong through wholly-owned subsidiary Time Master Enterprises Ltd. Time Master has agreed to buy 2,173 sq ft of office space from Profitwing Development Ltd for a
      150 words
    • Article
      Directors in question independent: Scotts
      185 10 {SINGAPORE] Scotts Holdings' board yesterday said it was satisfied that Esther Tan and Balbeer Singh Mangat are independent directors—just a week after the SES said two of its outgoing directors were not able to certify their independence. In its recent censure of three Scotts directors
      185 words
    • Article
      Lock icon Keppel falls on concern over Philippine profits
      341 10 Bloomberg [SINGAPORE] Shares of Keppel Corp, a diversified ship repair company, fell 1.5 per cent yesterday amid concern about the effect of the Philippine peso's devaluation on the company's profits. The stock fell 10 cents to $6.55 and was among the biggest decliners
      Bloomberg  -  341 words
    • Article
      UOB, SingLand join UOL in Novena project
      169 10 [SINGAPORE! United Overseas Land's parent, United Overseas Bank, and sister company Singapore Lahd have joined its project to develop the Novena MRT site. UOL said yesterday that UOB (through UOB Warehouse Pte Ltd) and Sing Land (through SL Properties Ltd) have each taken
      169 words
    • COMPANY Briefs
      • Article
        Lock icon Sum Cheong Int'l changes names
        27 10 Bloomberg [HONGKONG] Sum Cheong International, a Jtttt Singapore-based construction and mining company in Hongkong, has changed its name to China Development Corp.—Bloomberg
        Bloomberg  -  27 words
      • Article
        Haw Par to buy leisure unit's shares
        47 10 [SINGAPORE] Haw Par Brothers International that Tan Chwee Lee, Tan Chwee LyeandTanChaiThiam HW have exercised a put option, requiring the Haw Par Group to buy from them non -voting preference shares in t/ Haw Par Leisure, at about *7.4 million.
        47 words
      • Article
        Amtek raises stake in Mega to 77%
        42 10 [SINGAPORE] Amtek Engineering has subscribed teftifl the rtghts issue 0f500,000 ordinary shares of $1 each at par, in Amtek Mega Engineering. This raises Amtek'B stake in Mega from 72 per cent to 77 per cent.
        42 words
      • Article
        Venture unit forms US subsidiary
        45 10 [SINGAPORE] Venture Manufecturing (S'pore)'s wholly-owned subsidiary Cebelian Holdings has incorporated a 100 psr cent subsidiary called VM Services B J Inc in the US. The Initial paid-up capital of VMSI will be US$100,000(S$143,000), to be financed through internal resources. w
        45 words
      • Article
        TLB Land alloted unit's rights shares
        27 10 [SINGAPORE] TLB Land has been alloted 500,000 rights shares in the capital of its subsidiary, Sin Lee Investment f Hoklii** ;1|
        27 words
      • Article
        Uraco raises paid-up capital of unit
        77 10 [SINGAPORE] Uraco Holdings has raised the paid-up capital of its subsidiary Uraco Manufacturing by i?frm subscribing for 1,529,996 ordinary shares erf $1 each. The gw company's shareholding in the subsidiary, upon the subscription of the additional shares stands at IJBSOfiOQ ordinary shares of $1
        77 words
      • Article
        ITE Electric gets $5m in orders
        50 10 [SINGAPORE] ITB Electric secured orders totalling an estimated S9&36millkHL These cover the for the supply and installation of23okV and 08k V 011-fUled cables, auxiliary cables and accessories at Upper Serangoon Road, for Power Grid, and the supply sf electrical panels to Ngee Cheng Electric.
        50 words
      • Article
        CDL stake in hotel arm changes
        65 10 [SINGAPORE] City Developments Ltd's interest in in CDL Hotels International Ltd (Chil) has changed *9 following the allotment of new shares pursuant to the final script dividend. The shareholding held by CDL, Educado Ltd and Golden Rajah Restaurant, in Chil after OJ scrip dividend
        65 words
    • COMPANIES
      • Article
        Lock icon Envoy site in S'pore: Landmarks to bag deal?
        199 11 Bernama [KUALA LUMPUR] Landmarks Bhd hopes to conclude negotiations on a privatisation deal to redevelop the Malaysian High Commissioner's former residence in Singapore by the year-end. The company's managing director, M A Halim Ahmad, said negotiations are at an advanced stage with
        Bernama  -  199 words
      • Article
        White knight comes to Ting's aid
        388 11  -  Low-profile buyer to take over Ekr&n's Wembley stake Ffpm Eddie Toh in Kuala Lumpur A WHITE knight has come to the rescue of Ekran Bhd boss Ting Pek Khilng, the developer of the M 115.5 billion (558.87 billion) Bakun dam in Sarawak. Ekran said
        388 words
      • Article
        Lock icon Yaohan Japan shares plunge 33% on delay in debt payments
        341 11 Bloomberg, AFX-Asia [TOKYO] Yaohan Japan Corp shares plummeted 33 per cent after the Japanese retailer said it asked creditors to postpone payment of debts. The stock fell 48 yen to a re-cord-low 95. The shares have fallen about 70 per
        Bloomberg,; AFX-Asia  -  341 words
      • Article
        Lock icon Wanted: chief executive to lead Apple out of the woods
        326 11 Amelio's successor woold have to decide on new strategy Reuter [PALO ALTO, California] Whoever succeeds Gilbert Amelio at Apple Computer will have to contemplate the death of the company that helped popularise the personal computer at least in the form
        Reuter  -  326 words
      • Article, Illustration
        Lock icon Stanley Ho reveals Macau gaming profits
        424 11  -  STDMmade HKs4.4sb last year; results revealed fen* first time in 35 years From, Loh Hui Yin in Hongkong A RARE glimpse of tycoon Stanley Ho's gambling empire in Macau was given when it revealed, for the first time since operations began 35 years ago,
        FILE PHOTO  -  424 words
      • Article
        Lock icon Phileo Allied, First Abacus scrap joint venture plan
        229 11 Bernama [MANILA] Malaysia's Phileo Allied Berhad (PAB) and Manila's First Abacus Financial Holdings Corp (FAFHC) have called off their plan for a joint venture in the Philippines. The decision was contained in a disclosure submitted yesterday by FAFHC chairman Paulino Soo to
        Bernama  -  229 words
      • Article
        Lock icon New Tenaga tariff structure planned, based on supply lines
        327 11 Consumers will be reclassified to reflect cost of transmission AFP [KUALA LUMPUR] Malaysia's utility giant Tenaga Nasional has proposed a new power tariff structure where charges are calculated according to voltage supply lines, reports said yesterday. "We propose that the customers
        AFP  -  327 words
      • Article
        Lock icon Chrysler profit down by expected 53% in Q2
        320 11 Bloomberg {AUBURN HILLS, Michigan] Chrysler Corp's second-quar-ter earnings fell 53 per cent, meeting expectations, as the automaker spent more on incentives to spur sales and a strike halted production of high-profit trucks. Chrysler said its net income fell to US$4B3 million (Ss69o
        Bloomberg  -  320 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon S&P, Moody's criticise alarmist report on China
        445 12 Its banking system not a great threat to global market stability, they say Reuter [NEW YORK] Two major US credit rating agencies on Thursday criticised a report that described China's banking system as a serious threat to global market stability. Sovereign credit analysts
        Reuter  -  445 words
      • Article, Illustration
        Lock icon US$ seen going up against mark
        366 12 USS/mark: The US dollar traded higher for the early part of the week to touch 1.7664 by Thursday before correcting its gains to the 1.75 level. The technical picture is biased towards the upside, with a crucial resistance level seen at 1.7675. The US$/mark
        Source: DBS Bank  -  366 words
      • Article
        Lock icon J P Morgan Q2 profit drops 15% as forecast
        239 12 Bloomberg [NEW YORK] J P Morgan Co said second-quarter earnings fell 15 per cent, driven down by lower revenue from bond trading, though its shares were buoyed by the strength of investment banking revenue. The nation's fifth-largest banking company said net
        Bloomberg  -  239 words
      • Article
        Lock icon Wallace case unlikely to dampen Asia private banking boom
        529 12 Growing affluence in the region widens scope for industry AFP [SINGAPORE] A scandal involving Merrill Lynch's discreet services to wealthy Asians should prompt banks in the region to re-examine their internal controls but is unlikely to hamper the explosive growth of
        AFP  -  529 words
      • Article
        Lock icon Euroyen, JGBs lower in late trade
        260 12 j*u m in Report Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures drifted lower in late trade yesterday after largely ignoring an upbeat monthly report by Japan's Economic Planning Agency (EPA), dealers said. The EPA said Japan's economy was firming up and
        Reuter  -  260 words
      • Article
        July contract's discount to cash narrows
        158 12  -  MSCI TAIWAN FUTURES By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore Pte Ltd. [SINGAPORE! The Simex MSCI Taiwan Index futures contracts saw moderate volume yesterday as the July contract rallied in early trade but failed to hold its gains and closed down two
        158 words
      • Article
        Lock icon Germany plans to sell oil stockpile
        252 12 ENERGY REPORT Reuter [LONDON] World oil markets look vulnerable to further price falls as a second country lined up to sell crude yesterday, irrespective of how low prices go. Crude oil prices have slumped nearly 30 per cent this year and look likely to
        Reuter  -  252 words
      • Article
        Lock icon CURRENCY REPORT
        282 12 Reuter London THE US dollar bounced back from losses suffered in the wake of comments made by Hans Tietmeyer and the sterling recovered from a fall initiated by a rise in interest rates that was at the bottom end of market expectations. At 1220 GMT, the dollar was
        Reuter  -  282 words
      • Article, Illustration
        Untitled
        1243 12 DfTHRBAMKOOSSRATBS Julll sssf J M S SSsS£ sSsss ta5 skSSSMP CMM 0.162 0165 0.W7 0.70 0211 0.932 4296 1930 007 1071 OJOl 0.179 4103 3227 0172 0.546 0.175 1357 1546 0071 O80 ECU 1509 1540 9.320 6.646 L*8 8.646 40.044 27.W1 1277 9.914 HOT L*****.507 JOOW till lift 1020 *****
        1,243 words
    • Article
      COMMODITY PRICES
      1536 13 S1COM FOTPKBS Jam HMU (MvMdoatat aat UOpt) ISS1 CONTIACT($cMtiA«) OMW Vatam OpaB Miii mgt uw s«M (i—>■) Aaq 97 130.00 130.00 ***** 290 700 43*91 07.75 1741 Otf f7 ***** HL75 M2J0 250 1650 *mi97 ***** 142.75 144.00 290 *50 y#*97 144.25 143.75 MS.50 250 «50 ,J«l/tilar 98
      1,536 words
    • Article
      WORLD STOCK MARKETS
      2080 13 Mas* UilPP. ■£&< ■MM 'I NM *h 31 Group 492 -5.400 ABPsm 252.400 *5 A»*y National 855.400 UOO liUlwir; 446.400 *13 A IMC 163.400 3 AKitW *42 .600 BAT M 539 *1 BGPHL. 228 2 BICC t 174 1.600 BOCCNI* 1027 8.600 BHPllrBHym 782 *4 BTR 196
      2,080 words
    • Article
      Lock icon TOKYO
      1583 13 Reuter Qffikkfi&S ♦m.71 STOCKS closed higher yesterday, as worries over the financial health of some companies prompted investors to actively seek high-tech issues that are backed by strong earnings. The 225-share Nikkei Average gained 120.71 points to 19,875.49. Its September Nikkei futures rose 60 to 19,840. Turnover increased to
      Reuter  -  1,583 words
    • Article, Illustration
      Lock icon HONGKONG
      1576 14 Bloomberg QHao|Sei!g ****** STOCKS surged yesterday, led by Hang Seng Bank and Chi-na-backed shares. Hang Seng Bank and its parent HSBC accounted for one-quarter of the gain in the index as traders bet Chinese interests will buy a stake in the bank. Both banks have denied the reports. "It's
      Bloomberg  -  1,576 words
    • Article, Illustration
      Lock icon CHINA
      663 14 Reuter F1 Shenzhen B Index +177 THE Shenzhen B share market surged to a sharply higher close yesterday on an extended rebound powered by bargain-hunting in under-valued issues expected to post strong interim results. The B Index leapt 6.77 points to 132.36 on turnover of HKJB7.B million. The A
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  663 words
    • Article
      Lock icon TAIPEI
      366 14 AFP QwPhfai -36J1 SHARE prices closed lower yesterday as investors locked away profit in late trade. "Following recent sharp gains, investors turned cautious and rushed to take profit when the index surpassed the 9,500-point mark in mid-ses-sion," said a trader. The Weighted Price Index fell 35.11 points to 9,394.63.
      AFP  -  366 words
    • Article, Illustration
      Lock icon JAKARTA
      786 14 AFP Q Composite Index -5.73 SHARE prices closed lower yesterday with profit-taking on big-cap stocks, but news of a widening of the central bank's rupiah intervention band partly offset the losses. "The drop was largely driven by profit-taking in some big caps like Telkom, Indosat, Gudang Garam and Indofood,"
      AFP  -  786 words
    • Article, Illustration
      Lock icon BANGKOK
      837 14 AFP DSP fate ***** SHARES plunged 3.2 per cent yesterday on currency jitters as the baht started to fall again following the Philippines peso lead. Analysts said the currency downturn was sparked by Manila's move to free the float of the peso, which raised fresh concerns over the baht
      AFP  -  837 words
    • Article
      Lock icon MANILA
      291 14 AFP □Ml *18M> SHARE prices rose 7.56 per cent yesterday in reaction to the de facto devaluation of the local currency after a week of speculative attacks. "The sudden depreciation of the peso was the cause of the recovery," said an analyst. The PSE Composite Index rose 189.99 points
      AFP  -  291 words
    • Article
      Lock icon SEOUL
      402 14 AFP yiOwqwHttlaig +&S3 SHARE prices closed little changed yesterday amid subdued sentiment. The market traded lower in the morning before recovering on a technical rebound in the afternoon. The Composite Index closed up 0.53 point to 768.30 on a turnover of 39.4 million shares worth 694 billion won. Palls
      AFP  -  402 words
    • Article
      Lock icon SYDNEY
      586 14 AFP HADOrttoriM *47 SHARE prices edged up 0.2 per cent yesterday as strengthening gold and base metal prices sparked a resurgence in the gold sector. "It was pretty much due to the gold stocks which were stronger on the back of gold prices overnight and the base metals were
      AFP  -  586 words
    • Article
      Lock icon WELLINGTON
      255 14 Reuter Q Wellington 413 SHARE prices ended higher yesterday despite a warning from the Reserve Bank that monetary conditions were too loose. The NZSE-40 Capital Index closed 9.63 points stronger at 2,516.84. Reuter Mft US COM3 ANZ 11.16 *0.36 ***** Advwrtagn HMgt 1.07 aOI ***** AlrNow2o«tand<A> 3.11 *0.01 *****3
      Reuter  -  255 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        7796 15 Cmsmmt pnARti IW Last VI Day Wat Cap Law Ciwmu «ata •QOO HM> L— P/t $a»* 790 550 Ajlnomoto 560 310 227.0 444 2*3 Angkasa 310 12 45 310 296 9.2 457.1 90S 610 ApoNoFoadHtg 670 30 25 670 620 266.0 428 109 Bar)ayalnd 291 -1 6422 295 284 *****
        7,796 words
      • Article, Illustration
        Lock icon Shares higher on program buying
        377 15 AFX-Asia H Composite Index *101 SHARE prices closed higher yesterday on program buying by local and foreign fUnds with sentiment aided by strong retail support on the second board, dealers said. The KLSE Composite Index closed up 9.09 points at 1,017.61. The Emas Index was
        AFX-Asia  -  377 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3325 16 MKIMMIWMUm mT Laat VI oay Laat Owto A»9 H*» lm t*» Ctmmmr, M« COOP) »*> t— —yf M« Prtca 66 44Jm 3000 m AMO* c5-5%*****6 46 44.5 •7 413 3160 *Acar ******1 US$ 49 -3 S3 51 49 44 49.5 131 70 3164 Acma W0W724 70.5 -03 23 70.5 70
        3,325 words
      • Article
        Teledata wrt has attractive data
        191 16  -  WARRANT WATCH By' Teh Hooi Ling ONE of the investment strategies for warrants is to buy in-the-money warrants, that is where the underlying share price is higher than the warrant's exercise price. In such cases, since the warrants have intrinsic value, any price upmove in
        191 words
    • Article
      CLOB INTERNATIONAL
      1992 16 Or Or 1997 LMt VI Day LaatQwta M H» YM IM M Cap h»> l*» ggg m *h room w» l— mwr %mt cw p/i w "475 282 mi 8000 AIS8S0C 287 O 47 2M 282 286 297 5.0 4.9 03 59.1 »M 137 IU MS 5001 AMOSSOc
      1,992 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        49 17 II. II I ——m^mmmm—— I"" J» '"a Sr«>« W nul ZBZ £H ''ImmmIMi uH fflj fH JK <H H} MaNNHW*«*i?to •taMferTttaTaM MMM. v 1 'VW^nOTT^WIflW j| ''?s 'jj "*5 It asi 1 a# M J1 jjjj I wSm fssfsss ic^jSSHBb VSSSftT 3 3 JS jrrifSfai tmiiriiw» 52Ew£Sr8nw$K nmwwm mmrnrnm
        49 words
      • Article
        MAIN BOARD
        529 17 i i w MMtrtMU HSUSt *3& *> v w&WMHH a jjjjjj |j 111| 11 jj-jSj' j jj |||!r||j •tisilWfa in fl^jtlii 1|*:ii lit 1 r J s i f-jr I i I n i mm m »K uT M* Me i|| jjjj E j I 2 ::l Isllli?
        529 words
      • Article
        SESDAQ
        717 17 mm ci—«w ti» rt&i mm** mm it W fiH pw3 *"t v *f«? v v n v r 5**v :w iVHB=|» s IJBf.JB&'-ttrVtfJB 0 0®' 10c »J Jv w« wM MB HtT *40 to 00- MWHn. IPt IM MM* *0' 14.4 »H 33 as; n S tb ni k
        717 words
      • Article, Illustration
        HOT STOCK
        67 18  -  Ven Sreenivasan GENTING BERHAD, which has been bashed down for more than three months, suddenly jumped 35 cents to $6.45 yesterday. This should not be surprising as the chart shows that the counter is close to a turning point. However, the momentum for a sustainable recovery looks weak,
        67 words
      • Article, Illustration
        Lock icon Broad-based buying lifts prices off their lows
        646 18  -  STOCK MARKET COMMENTARY Dealers attribute the baying to investors' positive expectations of the Budget and also to the rally from across the causeway By Teh Hooi Ling [SINGAPORE] Stocks here regained some of their losses made earlier in the week as broad-based buying
        Chart info from Bridge  -  646 words
      • Article
        Untitled
        205 18 Stacks Vot—o •MuiptaR 12,199.000 'Magnum CorpSOc 5.090.000 Raffles MetflOc 4,522.000 •Multi-Purpose 3.941,000 SingTel 15c 3.491.000 Tye Soon 10c 3.488.000 •Renong Bhd 50c 3.244,000 Hun HsJnUS20c 3,185,000 oesLmd 3,no.ooo Popular 10c 2,820,000 Stocks U0« Foreign 20,114.558 SiA Foreign 18,700,665 0C8C Foreign 16,266,260 DBS Land 14,461,918 0«S Foreign 13,870,093 City Drr 50c
        205 words
      • ON THE GRAPEVINE
        • Article
          Revenue or control?
          155 18 A COUPLE of Irate remislers called to express horror that one of their colleagues had been jailed two weeks for transferring his Area Licencing Scheme (ALS) label from one of his cars to another. Is this really a crime that merits a jail sentence, one of them
          155 words
        • Article
          Your superstition, my good fo(u)rtune
          149 18 NOW, why would the ITT Sheraton group change the name of its Four Points Hotels package scheme In East Asia? According to Asia Inc magazine, it's for the same reason why plans by Australia's Lion Nathan to market its best-selling Castlemalne "Fourex" beer in Asia
          149 words
        • Article
          Check out this view
          79 18 L L land. Under fancy script proclaiming the property as "the height of luxury living" is a picture of a lovely beach with little boats at anchor on a "resplendent blue sea". The ad doesn't say which side of the building you should book your flat
          79 words
        • Article
          ...Er, who's cautiously optimistic?
          75 18 IN HIS Budget speech yesterday, Finance Minister Richard Hu said the outlook for 1997 is "cautiously optimistic", which prompted one wag to say: "This is correct The public Is cautious and the government is optimistic." Then TCS announced that its rou nd table of economists agreed,
          75 words
        • Article
          Apple in a daze
          166 18 POOR Apple Computer. This one-time darling of the computer world seems to have problem getting things right In an Indication of worse things to come, perhaps, chairman and CEO Gilbert Amello—hired because of his sterling record as a company turnaround artist—w&s handed his walking papa's after
          166 words
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      148 11 EXECUTIVE Appointments To advertise call toil-free 1800.*****83 The fast-expanding stockbroking arm of a listed Malaysian group is inviting suitably qualified Malaysian professionals to write in for the above key post The incumbent should meet with the following prerequisites: Good track record of dealing in Malaysian Singapore equities at a senior
      148 words
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      29 14 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of 1 The Business Times and Lianhe Zaobao.
      29 words
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      160 16 W. WIZ ....comes to you Available at Amconica. J I wtah to eubecribe to Wtz for (please choose one) Uethod of Payment (ptease fiicA one) J c/cov unAfTLf JH mph, Times "R>® Bookshop, j One yeer<l2 issues) at $64 Q Charge to my card Visa/An**/Master/Diners U CVtMY Kinokuntya, < ng6r
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      441 18 BUSIHESSiV^to INTMMMTnQf THE rnMMHIM ACT CAP §0 AND IN THE MATTER OF CONCRETE REPAIR TECHNIQUES PTE. LTD. (la vihimn LIHHIHH) vmimiraav WINDING-UP At an Extraordinary General Meeting of the Members of the abovenamed company, duly convened and held at I6A Madras Street Singapore *****3 on 11 th July 1997 the
      441 words
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      Page 18 Advertisements Column 2
      277 18 To advertise call toll-free 1800-741 1883 Quickstock A 24-hr service which provides you real-time stock info ami a Portfolio Manager to help keep tnck of your stocksl Portfolio Manager hnmmitor you/luKk I wish to subscribe lo QuickStocKs Portfolio Manager. performance. (Please tick the appropriate boxes) Compute* the latest i Subscription
      277 words
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      Page 18 Advertisements Column 3
      121 18 LEGAL bt IGNORANT ikul tki lAV. kiwfiir tIMfS! Our hotline offers you a one-stop service to gain quick access to topics you've always wanted to know. Simply call the hotline enter the 6-digit code. You can also get a quick estimate of your legal fees in a property transaction by
      121 words
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      Page 18 Advertisements Column 4
      94 18 J* Get mugged And you don't even have to be in New York! Just go to the Promenade or Paragon during The Great Singapore Sale and spend $250 on your American Express card. I I You'll get a free Metropolitan Museum of Art mug worth $23. You will also —f
      94 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Time for a revamp at auction houses
      1644 19  -  The Singapore art market may be in its infancy but if s not too early for auctioneers to lay down a common code of practice, bbv mumroe reports BEN MUNROE NOW THAT Sotheby's and Christie's are holding twiceyearly sales of South-east Asian art
      1,644 words
    • STRAWS In The Wind
      • Article
        Just teasing?
        52 19 PROVING once again that some things are just too good to be true is this advertisement at a food court drinks stall that reads: "Fat Free Ice Cream", and another sign plastered over it that says "Not available". Like they say, you can't have your cake and eat
        52 words
      • Article
        High-tech 'pan'
        68 19 WE KNOW an ISO certification can be awarded to different kinds of businesses, but still, we are tickled by the pau maker which proudly advertises its ISO 9002 certification oil its paperbags. And mind you, it's also the first among pau makers to achieve such standards. We're not
        68 words
      • Article
        Yon won't forget them
        97 19 WE'VE all met people with unusual names, but Hongkongers still manage to come up with the most inventive ones. Check out the following: A secretary called Nausea Yip ♦A woman called Candy Man ♦A man called Willy Pong ♦A female bank clerk called Acne Chan ♦A
        97 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Scott McNealy's Sun wars
        1621 20  -  THE RAFFLES Conversation The Sun Microsystems chief still holds strongly to his motto 'Have lunch or be lunch'. He tells Bww jamm why, and shares his vision of the future KENNETH JAMES ITi Father's Day and Scott McNealy, chairman and CEO of Sun Microsystems Inc, is
        SIEW YAW HOONG  -  1,621 words
      • Article
        Striking back at the Empire
        665 20 It loot! MaNeafraUAeMfr waiter taking on tha Kmpfc*, or o Don Quixote tilting aft windmills? The "Empire" in queedon Is "Winter, tho dominant modi! of coropuunginai uiit vory p Window software on PCa poworod by microprocmon from Intel Oorp. Nothlnc pereonal, says Mr but there's
        665 words
      • Article
        Watch it, thin will be in
        1031 20 THE smart card It fitting smarter, but you ain't taan nothing yat, Scott McNealy says. The Sun Microsystsms chief believes that tha future of computing belongs to "thin client" computer devices powered by powerful centralised "tot servers"; and "If you think about It, the
        1,031 words
    • PURSUITS
      • Article, Illustration
        Lock icon Art dealer finds new challenge in S'pore
        1121 21  -  Tokyo-based Norman Tolman, whose art gallery opened here last month, tells oobdmbsbbx how he turned his hobby of collecting Japanese art into a successful business CORINNE KERK LAST YEAR, Norman Tolman, a Tokyo-based art dealer who claims to be the largest publisher of
        CHRIS LOH  -  1,121 words
      • Article, Illustration
        Lock icon US-style golf school sees good response
        1142 21  -  GOLF The USGTFs local arm nms courses that focus oo the fundamentals of the game for golf teachers around the region By, Ju Tan IF THERE ever was a spectator sport in the analytical sense of the word, golf must be it. There must
        CHRIS LOH  -  1,142 words
    • Article, Illustration
      Usual Woody Allen formula—in a musical
      732 22  -  CINEMA Eiwyne Says I Love Yen may be charming and humorous, but CMTQ UDIBKHGB JMOt By\ Shahiron Sahari THE ERA of the musical has long passed, notwithstanding recent efforts like Alan Parker's adaptation of Evita, but Woody Allen arguably breathes new life into the
      732 words
    • Article, Illustration
      Spy spoof that's original and fun
      679 22  -  CINEMA Austin Powers plays op the silly side of 1960s British and American pop culture. The one glitch in this otherwise good-natured movie is the recurrent toilet hnmonr By\ Holly Harrison E's cool. He's suave. And he's got bad teeth, baby. He's Austin the
      679 words
    • Article
      A visual treat awaits at Le Bat's
      584 23  -  NIGHTSPOT What's striking about the Central Mall pub are the interesting wall pictures and collectibles By. A Surendren IF WALLS could speak, think of all the nifty stories they'd be able to tell. Unfortunately, they remain most uncooperative when it comes to being
      584 words
    • Article, Illustration
      WHAT'S ON
      390 23  -  Compiled by M Yasotha OOMCBETi Improvisations The Substation's annual music programme, Music Space '97 is here again. Featuring a group of leading saxophonists, Kazutoki Umezu (Japan), Ned Rothenberg (US), Michel Doneda (France) and home-grown talents Mark Chan (flute) and Penny Tan (sax) who will experiment with the saxophone
      390 words
    • EPICURE
      • Article, Illustration
        A stale start but a satisfying main course
        632 24  -  RESTAURANT La Brasserie, a grand old dame at 30 years, still serves 19 a pretty palatable dinner By Corinne Kerk LA BRASSERIE, that grand dame at The Marco Polo Hotel, is 30 this year. The restaurant hasn't changed much over the last
        632 words
      • Article, Illustration
        Hua Yuen's delights
        825 24  -  The restaurant serves up a mean plate of spare ribs. If only desserts were as good, says omumnbsebx CORINNE KERK The GRAND Plaza Hotel probably isn't the first place you'd think of when looking for a place to eat. While the hotel's location at Coleman Street makes
        825 words
      • Article
        Margaux—a wine to die for
        837 24  - Margaux —a wine to die for WINE CONNOISSEUR The first of two parts on wines that were tasted in Bordeaux last month By. N K Yong A COMMON observation by several proprietors summed up the relative merits of the 1996 and 1995 Bordeaux vintages. "The wines of 1996 are expressions
        837 words
    • Article, Illustration
      CINEMA
      1122 25 AMtoMl Ta Lm. Jilted by their reepecttve lovers, Meg Ryan and Matthew Broderlck join fbrcee to take revenge. RtpubUc: 590: 515 JubUm: 89Opm Tiongßahru. 11; 595 Boon Lay: 7pm. Tampirm. 9.15:0.18. AmammOm. Erie Btolti leads a party down the Amazon to find a loet tribe. Jon Votyht leads them
      1,122 words
    • TRAVEL
      • Article, Illustration
        Lock icon Bargains abound in Bali's Ubud
        1843 26  -  The Indonesian island may be less untouched than before but it is still very much a shoppers' haven, holltharrbom goes shopping in Übud HOLY HARISSON SIGNS of change in Bali abound, and for many (Balinese and tourists alike) this is a mixed blessing. For one
        HOLLY HARRISON  -  1,843 words
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      6 19 Raffles Conversation Scott McNealy EL 2
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      180 19 Travel Bargains 990 abound in Bali's Übud EL 8 *94M Hr |r j^^^^^^^nfl^Bllikßflßl|lju!|HßttHMi|MHA|3|B^|pp^^H i To: Multimedia Division Cheque Phase attach a crossed cheque made payable to Singapore Press 1 Singapore Press Holdings Ltd Hotdktgs Ltd, and man ft to the address on the ieft. J S 82 Genting Lane, Singapore
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  • Page 25 Miscellaneous
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      588 25 Fran's in for E ShOCk Ths Nai&y, 10pm, Ok B focuses on Tom Williams, s Fran's ex-flance passes nature-lover, and a river away. At the fUneral, she which contains almost finds that she was not the every species offish ln only one In his life. Britain. Baywatch babe Pamela Sue
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      Page 25 Miscellaneous Column 2
      1211 25 TODAY'S TV LOO PM Muppat BablM VII. IBM NN TV Innovations. ui Prlnot Valiant Mt PM Dubai Air Show. gjg Ths Psstsgums. BM World Cup Squssh Pinal 4m Ya 1996: Australia v England 4jm uaoo Santorian. rtoW l tS JaafclsßHw Buihbaby In aja Sportosntrs. TTT MB Madhur Jaffrtyl Fla- JJJ
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