The Business Times, 8 October 1994

Microfilm: NL19582
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 SINGAPORE Business Times MITA (P) 010/12/93 Weekend Edition. October 8-9 1994 WE KNOW ASIA 75'
    15 words
  • Article
    listed M'sian firms post 20% rise in half-time profits
    642 1  -  By William Chia SINGAPORE Malaysian listed companies chalked up a 20.7 per cent increase in pretax profit to M 58.97 billion (555.18 billion) in the first half of this year, compared with M 57.43 billion in the corresponding period last year.
    642 words
  • Article, Illustration
    Lock icon Insas share price soars as eager buyers pile into stock
    523 1  -  By Amy Balan SINGAPORE Investors chased Insas Bhd shares yesterday after the finance-to-property group reported a 13fold rise in pre-tax profit and its confirmation on Thursday that it had acquired a 20 per cent stake in Ayer Molek Rubber Co
    Source: Bridge Info  -  523 words
  • Article, Illustration
    Ex-banker Allan Ng joins Robert Kuok as adviser
    357 1  -  By Catherine Ong SINGAPORE Former Singapore banker Allan Ng has joined Malaysian tycoon Robert Kuok as his financial adviser in Hongkong. Mr Ng, 52, was appointed executive director of Kerry Holdings in a low-key move a few months ago, informed sources say.
    357 words
  • Article
    Lock icon Markets shrug off fall in US jobless rate to 5.9%
    387 1 AP Reuter Bloomberg Business News WASHINGTON The US unemployment rate slid to 5.9 per cent in September, the lowest rate in four years, the government reported yesterday. The Labour Department said 239,000 new jobs were added to the nation's non-farm
    AP; Reuter; Bloomberg Business News  -  387 words
  • Article
    SPH to revise ad rates for some papers in January
    424 1 SINGAPORE Due to higher circulation and rising newsprint prices, Singapore Press Holdings will revise advertising rates for some of its newspapers in January. The revisions will cover advertisements in The Straits Times, The Sunday Times. Business Times, The New Paper
    424 words
  • Article
    Lock icon Dow Jones up 20 points
    85 1 Reuter NEW YORK Stocks reversed a three-day losing streak yesterday, shrugging off perennial inflation worries despite a strong September employment report. At Ipm EDT, gainers slightly outpaced losers on the New York Stock Exchange on volume of 158 million shares. At 2pm EDT, the Dow
    Reuter  -  85 words
  • Article
    Lock icon US concerned over Iraqi troop movements
    82 1 Reuter WASHINGTON Defence Secretary William Perry said yesterday that Iraqi troop movements have been detected and are "extensive enough to cause me concern". "I have examined the data relative to the Iraqi troop movements very carefully," Mr Perry said in reference to reports that
    Reuter  -  82 words
  • Article
    Untitled
    161 1 Stock narktt indie** Friday Change STII 2,330.09 -3.22 KLSEComp 1,122.33 -21.10 Nikkei 19,744.75 +89.52 Hang Seng 9,284.88 +8.63 SET Inde* 1,459.78 -21.72 Jakarta Comp 515.047 +3.6 CLSA China B 1163.27 -10.81 Aust All Ord 1967.5 -8.8 FTSE100 2,998.7 +14.3 FrMajr Preriow 2 pm EDT close Dow Jones 3,796.08 3,775.56 Average
    161 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      S'pore-India air traffic starts shrugging off plague worries
      434 2  -  By Alec Almazan AIR TRAFFIC between Singapore and India appears to be getting back to normal after cancellations due to the plague outbreak in India. "All our flights are fully booked," Air India's Singapore manager, A K Sarwall, said yesterday. The airline
      434 words
    • Article
      Suzhou developer warns on unauthorised projects
      415 2  -  By Lilian Ang THE developer of the Singa-pore-Suzhou township project, China-Singapore Suzhou Industrial Park Development (CSSD), said yesterday it had sole rights to develop the 70 square kilometres allocated to the group by the Chinese Government. Any property projects within the area not built
      415 words
    • Article
      CityDev sells 20% of Symphony condos at soft launch
      450 2  -  By A J Leow CITY Developments (CDL) sold at least 90 condominium units yesterday at the soft launch* of its Symphony Heights project. The freehold development, comprising 449 units, is at the junction of Upper Bukit limah and Hillview roads. Average
      450 words
    • NEWS ROUNDUP
      • Article
        Telecom launches new message system
        67 2 SINGAPORE TELECOM has launched a new range of electronic global messaging services (ST-EMS) which is expected to benefit companies which trade on a regional or global basis. The system supports the exchange of many types of documents such as memoranda, spreadsheets and computer graphics. STEMS
        67 words
      • Article
        Defence chief member of CPF Board
        55 2 THE Minister for Labour, with the concurrence of the President, has appointed Singapore Armed Forces' Chiet ol Defence Force, Ng Jui Ping, to be a member of the Central Provident Fund Board. Lt-Gen Ng's appointment is effective from Oct 1. 1994 and is for
        55 words
      • Article
        Accord on haze warning
        86 2 THE Malaysia-Singapore Joint Committee on Environment (MSJCE) has agreed to establish an early warning and monitoring system on the haze which is affecting the two countries. Speaking at a press conference after a meeting in Penang. the panel's co-chairman Tan Guong Ching. who is the permanent
        86 words
    • Article
      Corrections and clarifications
      84 2 IN OUR report 'Suharto seeks accord on trade free-up" yesterday. we quoted Trade and Industry Minister Yeo Cheow Tong as saying Singapore will be submitting the WTO bill to Parliament for ratification in a week or two. The ministry has since pointed out that the document is
      84 words
    • Article, Illustration
      Aussie High Comm's Glencaird site draws 11 bids
      356 2 A PRIME residential site of 194.138 sq ft put up for sale by the Australian High Commission attracted 11 bids in a tender exercise which closed on Wednesday. The site, in the White House Park/Dalvey Road area, now houses the Australian High
      356 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      90 2 Plague may benefit diamond industry, Pg 10 THE ROSICRUCIAN I ORDER, AMORC J I Singapore Chapter g 8 presents a LECTURE i by 1 KRISTIE E. KNUTSON i 1 Grand Master I on l < i 8 A T Aifl if Ai IJ M iti n mk g I H
      90 words
    • Advertisement
      Page 2 Advertisements Column 2
      29 2 Geml_3 STRAIGHT TALK 0 You shouldn't have to read between the lines w])) to get the full picture. Companies Markets. Everyday. SINGAPORE rr\ Business Times 1 WE KNOW ASIA
      29 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      212 2 Singapore: Slightly Showers over several areas in the afternoon iTemperature 25 32 Ma-FacMc ttt/l*' Cead. Earaf* Hi/U' Cead. BuenoaAdM 21/11 Cloudy Aocward i. 15/09 CJoudy Amsterdam 15/11 Cloudy Chicago 19/08 Showers Bangkok 36/27 Sunny Athens 24/16 Sunny HonoHAj 29/22 Cloudy Beiwig 21 A* Cloudy Bert*!.... 15/07 Ram Houston 27/14 Showers
      212 words
    • Miscellaneous
      Page 2 Miscellaneous Column 2
      285 2 I CRYPTIC CROSSWORD 6 One makes a splash in do, as Pt~""^^ on ship at sea (4-6) L_^L_L_LLJ 8 Power-group scheme (4) MM H| H Hi 9 Fishpole. something plain ~|l"I I To carry child needs energy 12 The means of Cleopatra's passing (3) 13 Rate more cer- HH Hi
      285 words
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  • THE REGION
    • Article
      Lock icon Tokyo okays US$6.3 trillion spending on public works
      511 3 Reuter AFP TOKYO Japan finalised a plan to spend USS6.3 trillion (559.3 trillion) on public works projects in the 10 years starting April 1995, but left open the question of how to fund it. The new plan, endorsed by the Cabinet, would
      Reuter; AFP  -  511 words
    • Article, Illustration
      Lock icon Mac Arthur marches on
      71 3 Reuter PALO, Philippines A Filipino worker cleaning the statue of late American General Douglas Mac Arthur yesterday in preparation for the celebration of the 50th anniversary of the landing of US and allied troops on Leyte Island in the then Japanese-occupied Philippines during World War 11.
      Reuter  -  71 words
    • Article
      Lock icon M'sia likely to see 9% growth, rising inflation: Merrill
      417 3 Reuter KUALA LUMPUR Malaysia's robust economy will start to strain at the seams next year as a tight labour market and buoyant domestic demand push up inflation and wages, said Merrill Lynch yesterday. In its Asian economic commentary. Merrill said Malaysia's
      Reuter  -  417 words
    • Article
      Lock icon Big jump in number of strikes in Indonesia this year
      388 3 Reuter JAKARTA The number of worker strikes in Indonesia, under fire for its crackdown on a fledgling trade union movement, has already doubled this year, the Antara news agency said yesterday. It quoted Thaheransjah Karim. executive chairman of the official
      Reuter  -  388 words
    • Article
      Lock icon US supports Jakarta's free trade approach
      336 3 AFP JAKARTA The US said it backed Indonesian efforts to forge an Asia-Pacific Economic Cooperation (Apec) forum agreement on establishing free trade in the region. Speaking after a meeting of trade ministers and senior officials here. Deputy Trade Representative Chariene Barshcfsky told reporters that
      AFP  -  336 words
    • Article
      Lock icon Tokyo to probe trading houses for bid-rigging
      436 3 Collusion suspected on government procurement for foreign technical aid programme Asahi News Service TOKYO The Fair Trade Commission (FTC), one month after a raid on leading trading house offices, says it has acquired enough evidence to initiate a thorough investigation of what it
      Asahi News Service  -  436 words
    • Article
      Lock icon China's new ruling on export tax rebates expected to hit foreign firms
      475 3 Bloomberg Business News AP HONGKONG Foreign enterprises in China may suffer under a new government tax ruling that prevents them from claiming rebates on many exports, said international accountancy firms yesterday. Under an August State Tax Bureau notice
      Bloomberg Business News; AP  -  475 words
    • NOTEBOOK
      • Article
        Lock icon Ramos sacks Makati taxman
        71 3 Reuter MANILA President Fidel Ramos has dismissed Bureau of Internal Revenue (BIR) regional director Osmundo Umali, who has jurisdiction over Makati. The Presidential Palace said yesterday that Mr Umali had initiated illegal and questionable tax investigations. He had continued to authorise investigations after BIR Commissioner suspended
        Reuter  -  71 words
      • Article, Illustration
        Lock icon Flood-stricken Vietnam seeks aid
        60 3 Reuter DONG THAP, Vietnam Flood waters submerging thatched houses in Tan Hong village in this southern province, about 143 km east of Ho Chi Minh City on Thursday. Vietnam is seeking emergency international aid for an estimated 500,000 affected by recent floods in the Mekong River.
        Reuter  -  60 words
      • Article
        Lock icon Indon paper suspends publication
        95 3 AFP JAKARTA A revamped Indonesian newspaper, which replaced one of three magazines banned by the government in June, has been forced to suspend publication days after putting out its first issue, a spokesman said yesterday. The chief editor of Simponi, Syamsu Hadi, "voluntarily" agreed to temporarily
        AFP  -  95 words
      • Article
        Lock icon Guangzhou plans US$ 70b city projects
        75 3 AFP HONGKONG China's southern city of Guangzhou plans to invest US$7O billion in major infrastructural projects to turn it into a modem international metropolis by the next century. Guangzhou ci»v mayor Li Ziliu said on Thursday that for the next decade, the city government
        AFP  -  75 words
      • Article
        Lock icon Six vie for Sri Lankan presidency
        75 3 AP COLOMBO, Sri Lanka Six candidates will run for president in next month's election, including Prime Minister Chandrika Kumaratunga, the Sri Lankan government said yesterday. Mrs Kumaratunga's main challenger in the Nov 9 ballot will be Gamini Dissanayake, a United National Party official who
        AP  -  75 words
    • Article
      Lock icon Increase in Japan's oil imports cuts down surplus
      276 3 Reuter TOKYO Japan's high-pro-file current account surplus slimmed down in August, but private economists said the shrinkage was within expectations, citing the unusually hot summer as the primary factor behind the fall. The August current account surplus narrowed to US$6.l6 billion (SS9
      Reuter  -  276 words
    • Article
      Lock icon Shanghai shares soar as talk of Deng's illness cools off
      314 3 Reuter SHANGHAI Shanghai's A share index surged 12.35 per cent at yesterday's close after rumours about Chinese paramount leader Deng Xiaoping's illness dispersed, brokers said. The index ended 83.32 points higher at 735.86. It had fallen to an intra-day low
      Reuter  -  314 words
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  • REGION/WORLD
    • Article
      Lock icon China plans new legislature for HK before July 1997
      431 4 Reuter BEIJING China, which has vowed to dismantle Hongkong's legislature after it takes over the British colony in 1997, said yesterday it would set up a replacement even before sovereignty is transferred. "A civil legislative committee will be set up in
      Reuter  -  431 words
    • Article, Illustration
      Lock icon Emperor Akihito visits Aerospatiale plant
      53 4 AFP TOULOUSE Japanese Emperor Akihito (left) and Empress Michiko on Thursday stopped over at the Aerospatiale plant in Toulouse during their six-day visit to France. With them was French Minister of Agriculture and Fisheries Jean Pucch (right). In the background is an Airbus A-340 jetliner
      AFP  -  53 words
    • Article
      Lock icon US warns Iraq after troops build-up at Kuwait border
      296 4 AP, Reuter KUWAIT Iraq sent its troops and mechanised units towards the border with Kuwait yesterday and the United States warned that it was prepared to respond "to any act of aggression" against the oil-rich emirate. "Confrontational tactics will prove no
      AP,; Reuter  -  296 words
    • Article
      Compromise possible on China's entry into Gatt: SM
      486 4  -  SM Lee in China Reports by Schutz Lee in BEIJING A COMPROMISE should be possible on admitting China to the world trading system, Senior Minister Lee Kuan Yew said yesterday. He said the West was not saying China was a developed country.
      486 words
    • Article
      Citic could set up office in Singapore, suggests Mr Lee
      347 4 BEIJING There is potential for China International Trust and Investment Corporation (Citic) to set up an office in Singapore similar to the one it has in Hongkong, says Senior Minister Lee Kuan Yew. Besides raising funds in Singapore, which has
      347 words
    • Article
      Lock icon Thamby Chik unfairly pre-judged: Mahathir
      301 4 The Straits Times KUALA LUMPUR The Malaysian press and certain Umno politicians have unfairly prejudged Malacca Chief Minister Rahim Thamby Chik, forcing him to resign his political and government posts, said Prime Minister Mahathir Mohamad yesterday. Speaking at a news conference on his return from
      The Straits Times  -  301 words
    • Article
      Lock icon Opposition on alert for dissolution of parliament
      126 4 Bernama PENANG Malaysia's Democratic Action Party (DAP) is on full alert for a possible dissolution of parliament "within the next 10 days", its secretarygeneral, Lim Kit Siang, said yesterday. Mr Lim, who is also the Opposition leader, said that he based his speculation
      Bernama  -  126 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1616 4 Oft nw EM FUcht ETD_ Crtjr W ETA F»g* HP Aba Dhabi GA976 0010 H*gzhw MI931 2015 MI932 0905 Amman RJ187 0100 Hanoi VN741 1310 SQ176 1130 Amsterdam SQ25 0630 KL838 0001 §2iZ§ 111° KL837 1550 SQ324 2345 Hatyai TG408 0620 GA890 0025 MI695 2300 MI896
      1,616 words
    • Article
      Lock icon China flexes nuclear muscles with second test in four months
      306 4 Reuter BEIJING China, ignoring appeals for a moratorium on nuclear testing, flexed its muscles as a member of the world's nuclear-weapons club yesterday by setting off its second test blast in four months. The underground explosion, announced by a Foreign
      Reuter  -  306 words
    • Article
      Lock icon Former Philippine trade minister charged with graft
      214 4 Reuter MANILA The Philippine anti-graft court charged a former trade minister and 12 others yesterday with grafl for running an illicit foreign exchange operation from 1983 to 1986. Former trade minister Roberto Ongpin. now one of the top executives of the Kuok group
      Reuter  -  214 words
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  • THE WORLD
    • Article
      Lock icon Top American executives expect US economy to slow next year
      577 5 Bloomberg Business News Reuter WILLIAMSBURG, Virginia Top American corporate executives expect economic growth in the US to slow during the next year falling to a 2.6 per cent annual rate in 1995 from 3.7 per cent this year while inflation
      Bloomberg Business News; Reuter  -  577 words
    • Article, Illustration
      Lock icon Mount of Venus mapped
      70 5 PASADENA, California This computer generated view of the highest mountain on the planet Venus, Maxwell Montes, shows Magellan spacecraft radar superimposed images on the topography. The images were sent to Earth from the spacecraft during its fourth year mapping the planet. The ageing and battered Magellan
      AFP  -  70 words
    • Article
      Lock icon EU opens a telecom shop to promote competition, codify rules
      301 5 FT LONDON A "one-stop telecommunications shop" has been set up by European governments to promote greater competition in provision of telecom services and help harmonise licensing arrangements. Twenty European governments, including all EU states except Ireland, have given their backing
      FT  -  301 words
    • Article
      Lock icon US Senate passes unanimously bankruptcy reform bill
      398 5 Bloomberg Business News WASHINGTON The US Senate yesterday unanimously passed a bill to streamline the nation's bankruptcy system and speed up the resolution of cases once they are filed. The House of Representatives approved the bill on Wednesday. The bill now goes to
      Bloomberg Business News  -  398 words
    • Article
      Lock icon US Senate calls for prompt withdrawal of troops from Haiti
      188 5 Reuter AP WASHINGTON The US Senate voted 91 to 8 on Thursday to approve a resolution calling for a prompt and orderly withdrawal of US troops from Haiti. It set no date. The House of Representatives later defeated, by a
      Reuter; AP  -  188 words
    • Article
      Lock icon Study shows US income inequality rising over past 25 years
      418 5 AP WASHINGTON A study released on Thursday shows that the richest 20 per cent of Americans are earning 48.2 per cent of all household income, a share that has grown from 42.8 per cent over the last 25 years. "The
      AP  -  418 words
    • Article
      Lock icon US warns Japan of bigger trade offensive
      347 5 Reuter WASHINGTON Days after signing a partial trade truce with Japan, the Clinton administration warned Tokyo on Thursday to brace for an aggressive new US offensive coupled with a subtle shift in policy. The shift would place greater emphasis on forcing Japan to
      Reuter  -  347 words
    • Article
      Lock icon Anti-graft police raid Berlusconi's media HQ in Milan
      290 5 Reuter ROME Finance police investigating suspected corruption raided the Milan headquarters of Prime Minister Silvio Berlusconi's media empire yesterday in another blow to the image of Italy's embattled leader. Fininvest company officials confirmed the overnight search as an opinion poll showed Mr
      Reuter  -  290 words
    • WORLD WATCH
      • Article
        Welfare card exposed conman
        107 5 NEW YORK A jet-sctting business executive accused of bilking 225 Ghanaian tourists out of US$BOO,OOO (SSI. 18 million) was carrying something unusual in his wallet when he was arrested last month at his Trump Tower apartment a welfare ID card. It seemed odd that a resident
        107 words
      • Article, Illustration
        Lock icon A tale of two gorillas
        38 5 AFP NEW YORK These lowland gorilla twins, both males, were released from the Bronx Zoo on Thursday. They are only the sixth set of such twins born in captivity in the world. AFP
        AFP  -  38 words
      • Article
        Lock icon EU may offer trade accord to S Korea
        80 5 Reuter BRUSSELS The European Union may offer South Korea a new trade accord in recognition of Seoul's cooperation in opening its markets, a European Commission official said on Thursday. "The EU is currently considering the negotiation of a trade and cooperation agreement
        Reuter  -  80 words
      • Article
        Lock icon London Underground workers strike
        129 5 AFP LONDON London Underground staff went on a 24-hour strike on late Thursday leaving thousands of commuters in central London stranded. The strike started at 7.30 pm (1830 GMT), only a week after the end of a bitter signal workers' strike that periodically crippled Britain's railways
        AFP  -  129 words
      • Article
        Lock icon LA quake caused US$ 9b damage
        105 5 Bloomberg Business News NEW JERSEY The estimate of insured property damage caused by the Jan 17 quake in Los Angeles was raised to US$9 billion (5513.3 billion) on Thursday, more than triple the initial estimate. Almost nine months after the quake shook the region,
        Bloomberg Business News  -  105 words
      • Article
        Lock icon Japan, EU to discuss economic issues
        75 5 AFP TOKYO Japan and the European Union will hold bilateral talks here on Nov 19 to discuss economic issues, Kyodo news agency said yesterday. The news service, quoting trade ministry officials, said that during the planned talks Japan was expected to make it clear
        AFP  -  75 words
  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
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      98 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      STV to buy aerospace firms from stablemate
      403 6  -  By Ramesh Divyanathan SINGAPORE Singapore Technologies Ventures (STV), the technology arm of Singapore Technologies Holdings, plans to buy two aerospace companies for $52.7 million. The two units are owned by related firm Singapore Aerospace (SAe), which indicated its intention last month to sell
      403 words
    • Article
      Lock icon Silvania's suspension to be lifted soon: Kumpulan Emas
      357 6 Bernama KUALA LUMPUR Kum- pulan Emas Bhd has said that J *the suspension of felling operations of its Solomon Islands subsidiary Silvania Products Ltd will be lifted soon when the logging roads have been gravelled to the satisfaction of the islands' Commissioner
      Bernama  -  357 words
    • Article
      Parkway denies knowledge of Sukamto bid
      185 6 SINGAPORE Listed property and health care group Parkway Holdings told the Stock Exchange yesterday it was "not aware of any proposed takeover". Parkway was responding to a report in Business Times on Thursday which said it could be the target of a takeover bid
      185 words
    • Article
      Courts to raise $45m through revolving loan
      187 6 SINGAPORE Furniture dealer Courts plans to raise $45 million through a revolving loan. Arranged by merchant bank NM Rothschild and Sons (Singapore), the deal comprises a $15 million standby facility and a $30 million short-term loan. Syndication has closed. The revolving credit facility
      187 words
    • Article
      San Teh a victim of forex volatility
      688 6  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE San Teh Ltd celebrated its 15th anniversary recently. As it moves into its 16th year, the world's biggest rubber keypad maker is fast turning into a different animal. It has diversified into the hotel, electronics
      688 words
    • Article
      Lock icon Tenaga, Celcom still in talks on equity structure of venture
      154 6 Reuter KUALA LUMPUR Malaysian power giant Tcnaga Nasional Bhd and Technology Resources Industries Bhd's TRIB/KL subsidiary. Cellular Communications Network (M) Sdn Bhd (Celcom) are still working on the equity structure of their joint venture to develop and operate a fibre
      Reuter  -  154 words
    • Article
      Lock icon Maybank confident of staying ahead in KL banking scene
      293 6 MBT KUALA LUMPUR Malayan Banking Bhd, buoyed by its MSI-billion-plus profits last year, is confident of maintaining its position as the leading bank in the country. Chairman Mohamed Basir Ahmad said in his annual statement yesterday that the group, with its
      MBT  -  293 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week's expected market sentiment, see BT Sentiment Index on EL 4 (Personal Finance <& Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        145 6  -  •By Paul Leo Pan Malaysian Industries is a buy at yesterday's close of $1.94. Daily Relative Strength Index and stochastics are below 25, indicating an oversold situation. Selling pressure has also eased. Yesterday's volume of 1.13 million units was 47.2 per cent less than the 10-day average of
        145 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Crownhill raises stake in Guthrie GTS
          40 7 SINGAPORE Crownhill Holdings Ltd has bought 17.796 million Guthrie GTS Ltd shares for a total of $14.77 million. This raises Crownhill's stake to 78.95 million shares or 14.35 per cent of the listed group.
          40 words
        • Article
          OCBC's foreign shareholding
          32 7 SINGAPORE Foreigners now own cent of«he issued share capital of the Oversea-Chinese Banking Corp, the bank said yesterday. Foreigners also hold 38.29 per cent of the bank's 1995 warrants.
          32 words
        • Article
          SES nod for new Steamers shares
          46 7 SINGAPORE The Stock Exchange of Singapore has given in-principle approval to Steamers Maritime Holdings for the quotation of 15.5 million new shares. The new shares relate to the acquisition of the remaining 40 per cent in Folec Communications Pte Ltd.
          46 words
        • Article
          APB trust fund set up
          59 7 SINGAPORE Asia Pacific Breweries will set up the Asia Pacific Breweries Foundation. With a capital sum of $10 million, the Foundation "is aimed at promoting activities to assist Singapore in the realisation of its vision in The Next Lap". The trust will support human resource
          59 words
        • Article
          Lock icon BIndustrial sells off BTextiles shares
          70 7 Reuter KUALA LUMPUR Malaysia's Berjaya Industrial Bhd has disposed off its remaining 8.88 per cent stake in Beijaya Textiles Bhd on the open market for M 578.28 million (5545.2 million) cash or at an average price of M$ 12.38 per share. Beijaya Textiles shares closed
          Reuter  -  70 words
        • Article
          Lock icon Alcatel gets Time Telekom deal
          67 7 Bernama KUALA LUMPUR Alcatel Network Systejns Sdn Bhd has been awarded a Ms 67 million equipment contract from Time Telecommunications Sdn Bhd, it was announced yesterday. Time Telekom said that under the contract awarded by its contractor, Time Automation Management Services Sdn Bhd, Alcatel would
          Bernama  -  67 words
        • Article
          Lock icon Swift Foods' share issue on Tuesday
          67 7 Reuter MANILA Swift Foods Inc, the meat processing subsidiary of Philippine food conglomerate RFM Corp, said it will launch its initial public share offering on Tuesday, Oct 11. Chairman and chief executive officer Jose Concepcion said in a statement his company will sell 80.246
          Reuter  -  67 words
      • Article
        Sampoerna beats Asian rivals to make cigarettes in Vietnam
        490 7  -  Jakarta-listed firm producing 2 brands in USs2m factory in Can Tho city By Harish Mehta SINGAPORE Indonesian cigarette maker HM Sampoerna has become the first Asian firm to produce cigarettes in Vietnam. The Jakarta-listed firm is producing two brands. Golden Eagle
        490 words
      • Article
        Malaysian firm to build Philippine hotels
        207 7  -  From Al Labita in MANILA MALAYSIAN company Waterfront Hotel and Resort will build two luxury hotels in Cebu province. Estimated to cost 2 billion pesos (SSII9 million), they will be near airports at Mactan and Lahug, two of Cebu's favourite tourist spots. Board of
        207 words
      • Article
        Lock icon Philippine Savings Bank a hot stock ahead of debut trading
        315 7 Reuter MANILA Shares in Philippine Savings Bank (PSBank) are seeing heavy demand on the grey market ahead of their debut on Monday on the Philippine Stock Exchange, brokers said yesterday. Shares in PSBank, a subsidiary of Metropolitan Bank and Trust
        Reuter  -  315 words
      • Article
        Lock icon Manila's SEC fines firm for unauthorised share sale
        159 7 Reuter MANILA The Philippine Securities and Exchange Commission slapped a I.S million peso (S$85,800) fine on Southeast Asia Cement Holdings Inc for its unauthorised sale of shares through private placement. SEC director Sonia Ballo said the company sold 600 million common shares
        Reuter  -  159 words
      • Article
        Merrill Lynch buys 20pc stake in Thai brokerage
        364 7  -  From Loh Hui Yin in BANGKOK IN A move that underlines growing foreign interest in Thailand's stockbroking industry, US-based investment bank Merrill Lynch International is buying 20 per cent of the securities business of a Thai stockbroking and finance company. Its interest
        364 words
      • Article
        Lock icon MAS denies it is buying stake in Indian carrier
        138 7 Reuter KUALA LUMPUR National carrier Malaysian Airline System (MAS) denied yesterday it was acquiring a stake in the private Indian carrier Jet Airways. "MAS is not buying into Jet Airways. We only have a leasing arrangement," a senior MAS official. India's
        Reuter  -  138 words
      • Article
        Lock icon Lufthansa to form partnership with Thai Airways
        81 7 Bloomberg Business News PARIS German flag carrier Deutsche Lufthansa AG is set to form a partnership with Thai Airways International, giving the German carrier a hub in Bangkok where it can use to route passengers to destinations in South-east Asia. An official said
        Bloomberg Business News  -  81 words
      • Article
        Untitled
        1192 7 M—pa' prictl Oct 8 10 Mendaki Gr Fund 1.18 l.2Ud ttoaaa*t* Unit Timt us Or Fund 0.96 100" Hilll a a j The Commerce 1.68 1.78 UmB MVUI M|1 UM The Savings Fund 1.63 1.72 Unifund 1.55 1.62 S"pore frog Fund 0.65 0.69xd Umbond-f- 1.04 1.065 S"pore See Fund 1.04
        1,192 words
      • Article
        Lock icon Tough ride ahead for Manila phone firms
        687 7 MARKET WATCH Bloomberg Business News MANILA During a visit to Manila a few years ago, former Singapore prime minister Lee Kuan Yew joked a)»out the dismal state of the Philippine telephone system. "Ninety-eight per cent of Filipinos are waiting for a telephone," said
        Bloomberg Business News  -  687 words
      • Article
        Lock icon Lay Hong's shares 31 times subscribed
        74 7 Bernama KUALA LUMPUR Lay Hong Bhd's 1.432 million shares for public subscription have been oversubscribed 30.59 times. At a balloting held yesterday, 768 applicants were successful for the 1,000-share category out of a total of 31,220 applications received. For the 2,000 category, 190 applicants
        Bernama  -  74 words
      • Article, Illustration
        Lock icon E&O denies joint venture plan with Plus
        257 7 Bloomberg Business News KUALA LUMPUR Eastern Oriental Bhd said on Thursday night it was not planning a joint venture with Project Lebuhraya Utara Selatan (Plus), the builder of the North-South Expressway. "We understand from stockbrokers that there have been some rumour involving a
        Bloomberg Business News  -  257 words
      • COMPANY BRIEFS
        • Article
          Lock icon Hanny to comment on profit plunge
          82 8 Bloomberg Business News HONGKONG Hanny Magnetics (Holdings) yesterday said it will make a statement about the plunge in its profit and the performance of its Memorex business, following queries raised by the Hongkong stock exchange and its shareholders. The company's shares were suspended from
          Bloomberg Business News  -  82 words
        • Article
          Lock icon GE plans aircraft engine tie-ups
          70 8 Reuter TAIPEI The US giant General Electric Co has put forward to Taiwan's Ministry of Economic Affairs plans for joint-venture projects to develop and maintain aircraft engines, the China Times newspaper reported yesterday. GE s plans include setting up a parts maintenance centre, production and
          Reuter  -  70 words
        • Article
          Lock icon Foster's seeking joint ventures
          100 8 Bloomberg Business News SYDNEY Foster's Brewing Group is in growth mode and actively on the prowl for acquisitions or joint ventures to bolster its cash flow, chief executive Ted Kunkel told the Sydney Morning Herald newspaper yesterday. Mr Kunkel was quoted as saying Fosfcr's is looking
          Bloomberg Business News  -  100 words
        • Article
          Lock icon Yamaha plans engine tie-up in Jiangsu
          91 8 Reuter TOKYO Yamaha Motor Co Ltd said yesterday it will set up a Chinese joint venture in Taizhou, Jiangsu province, next month to produce motorcycle engines. The new company, Jiangsu Linhai Yamaha Motor Co Ltd, will be owned 65 per cent by Taizhoubased Taizhou
          Reuter  -  91 words
        • Article
          Lock icon Union Carbide venture to offer shares
          79 8 Bloomberg Business News DANBURY, Connecticut Union Carbide Corp and Mitsubishi Corp said on Thursday they're planning an initial public stock offer to sell a 44 per cent stake in their jointly-owned Ucar International Inc. Both companies will retain 28 per cent of Ucar International
          Bloomberg Business News  -  79 words
        • Article
          Lock icon Signal Apparel in share swap
          57 8 Bloomberg Business News CHATTANOOGA, Tennessee Signal Apparel Co Inc said on Thursday it agreed to acquire closely-held American Marketing Works Inc in a stock swap. Details weren't disclosed. Once the agreement is completed, American Marketing's chairman, Marvin Winkler, 40, will become Signal's chairman with the
          Bloomberg Business News  -  57 words
      • Article
        Lock icon America's 10 most overpaid execs
        845 8 Controversial consultant's latest list expected to rattle boardrooms across the country Bloomberg Business News NEW YORK Who is the most overpaid chief executive in America? Graef Crystal thinks it is Sanford Weill of Travelers lnc, who he says was overpaid by about US$39 million (5557.7
        Bloomberg Business News  -  845 words
      • Article, Illustration
        Lock icon Stocks linked to scandal-hit Hualon plunge further
        535 8 Investors expected to shun these shares in future: analysts Bloomberg Business News Reuter AFP TAIPEI Stocks related to Taiwan's textile giant Hualon group continued to plunge over a payment default scandal, and analysts warned yesterday that the shares were likely to be shunned
        Bloomberg Business News; Reuter; AFP  -  535 words
      • Article
        Lock icon Murdoch's NZ unit won't buy parent firm's Australian newspapers
        247 8 AFP WELLINGTON New Zealand's Independent Newspapers Ltd (INL), 50 per cent owned by Rupert Murdoch's News Ltd, yesterday rejected suggestions that it could buy its parent company's Australian newspapers. Australian newspapers this week suggested that News Ltd would have to sell
        AFP  -  247 words
      • Article
        Lock icon Star TV escalates ratings dispute with TVB in Taiwan
        271 8 Reuter HONGKONG Rupert Murdoch's Star TV yesterday escalated a war over advertise ing and its share of the satellite television market in Taiwan, claiming its rival's ratings methods are out of date and could be misleading. Star TV, 64 per cent
        Reuter  -  271 words
      • Article
        Lock icon Poor show by securities unit hits Salomon
        268 8 FT NEW YORK Salomon announced yesterday that it would report an after-tax loss of about US$lOO million (SSI47 million) for the third quarter because of another poor performance from its Wall Street securities broking unit Salomon Brothers. In the same quarter a year
        FT  -  268 words
      • Article
        Lock icon Goodman Fielder Asia _ gets new head
        172 8 Goodman Fielder Asia gets new head Bloomberg Business News SYDNEY Australian food producer Goodman Fielder., said yesterday it had appointed Mark Holcombe to head the company's Asian subsidiary, Goodman Fielder Asia. Mr Holcombe takes up the Singapore-based job on Dec 1, replacing Ken Boundy who recently resigned. A 14-year veteran
        Bloomberg Business News  -  172 words
      • Article
        Lock icon Sun Hung Kai posts 31.8% rise in profits
        159 8 Bloomberg Business News HONGKONG Leading real estate development and investment group Sun Hung Kai Properties said its net profit rose a slightly-higher-than-ex-pected 31.8 per cent in the year ended June 30. Securities analysts had on average been forecasting that the company's net
        Bloomberg Business News  -  159 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        498 9 V«ts«4 Voy Ho Berth Arrival Departure Vessel Voy We Berth Arrival Departure IWMg Part Balam Spe«d3 A0894* P01A 0710/1330 0710/1500 B«am MA N150 11 atones** 08.10/2300 Batam S«nd3 ****** P01A 08.10/0700 0810/0800 Dong Guang 1/94 16 alongside 0810/2300 Batarn Sc«04 ****** PJIIA 0710/2000 07 10/2100 Dm Dm
        498 words
      • Article
        CONTAINER SCHEDULES
        1455 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac» lade 207A 09/0500 1A 07/1500 07/1659 07/1900 2A 07/1700 08/0659 08/0900 3 08/0700 08/1159 08/1400 J 08/1200 08/1 <59 08/1700
        1,455 words
    • FINANCE & COMMODITIES
      • Article
        Jakarta expected to ease rules on pension fund investments
        339 9 JAKARTA The Indonesian government will soon ease investment restrictions on pension funds in a bid to further stimulate capital market activities, the Jakarta Post said. According to the chairman of the Capital Market Supervisory Agency (Bapepam), Bacelius Ruru, the proposed revision
        339 words
      • Article
        Major Indon bank raises US$ 150m
        151 9 SINGAPORE Indonesia's biggest private commercial bank, Bank Central Asia, has raised US$l5O million (***** million) through an issue of floating-rate certificates of deposit. Under a deal signed yesterday at the Island Shangri-La Hotel in Hongkong, the transaction was underwritten by five banks, including Arab
        151 words
      • Article
        Lock icon Big buyers eye 2 scandal-ridden Malaysian banks
        232 9 Reuter KUALA LUMPUR Malaysian banks have become hot takeover targets with heavyweight suitors courting two scandal-ridden institutions despite their chequered history, analysts said yesterday. Debt-ridden Rakyat Merchant Bankers Berhad and Bank Bumiputra Malaysia Bhd, rescued twice from the brink of bankruptcy, are reportedly
        Reuter  -  232 words
      • Article
        Stanchart provides customers with free risk evaluation of unit trusts
        335 9  -  By Shiv Taneja SINGAPORE Standard Chartered Bank has set up a new service that offers independent evaluation of the 40odd locally registered unit trusts. Standard Chartered Investment Services (SCIS) will be launched next week to advise customers interested in diversifying
        335 words
      • Article
        Lock icon Foreign insurers eye South Korea's market
        275 9 Reuter SINGAPORE When Seoul hosts a four-day international conference next week, Asia's largest insurance market after Japan will give outsiders a look at a gigantic industry now in the throes of deregulation. More than 1,000 overseas delegates are expected at the 17th East Asian
        Reuter  -  275 words
      • SMALL CHANGE
        • Article
          Higher loan for Indon firm Sierad
          75 9 SINGAPORE A syndicated loan to Indonesian firm Sierad Feedmill in the Asian dollar market has been raised from the original amount of US$25 million (Ss37 million) to US$2B million due to an oversubscription, the arrangers said yesterday. The two-year loan Sierad's first in Singapore's
          75 words
        • Article
          Lock icon Shanghai foreign bank assets at US$ 4b
          87 9 Reuter HONGKONG Assets of foreign banks in Shanghai topped US$4 billion (555.9 billion) at the end of August, 50 per cent more than a year earlier, the Beijing-funded China News Service reported. Foreign exchange reserves of foreign banks in the city rose 76.3
          Reuter  -  87 words
        • Article, Illustration
          Lock icon Bank robber kills himself after siege
          53 9 Reuter HERZOGENRATH, Germany Special police agents getting into position yesterday outside a bank here, where a lone bank robber took 16 hostages in a bid to extort two million marks (551.92 million) in ransom. The robber later killed himself at the end of a
          Reuter  -  53 words
        • Article
          Lock icon Sumitomo Bank sets up subsidiary
          71 9 Bloomberg Business News TOKYO Sumitomo Bank yesterday established a whollyowned subsidiary that will bid for mortgaged property linked to illiquid loans, a company official said. Sumitomo Bank's efforts are part of an industry-wide attempt to wipe off non-performing debts from the balance sheets of parent
          Bloomberg Business News  -  71 words
        • Article
          Lock icon Islamic bank begins to double capital
          70 9 AFP DUBAI, United Arab Emirates The Dubai Islamic Bank has completed the first stage of an 18-month plan to double its capital and become the biggest Islamic bank in the world. Subscription for 25 per cent of the capital increase ended on Sep 25
          AFP  -  70 words
      • Article
        Lock icon Eurobond offerings likely to fall below last year's record
        428 10 Reuter LONDON The primary Eurobond market has seen some of its most active days of supply ever this year, but the overall total of issuance is now expected to fall short of last year's record US$4O2 billion (***** billion). A steady
        Reuter  -  428 words
      • Article, Illustration
        Greenback still trading in small range
        460 10 DBS Bank weekly currency review L'Ss/DM: Still waiting for clear indication THE greenback firmed to 1.5610 on Monday before giving up all its gains to 1.5400 by Wednesday. It then settled to consolidate between 1.5410 and 1.5455 on Thursday and was trading at 1.5435
        460 words
      • Article
        Lock icon Poor Asian soybean crop good news to US exporters
        312 10 Reuter SINGAPORE Poor crops in the major Asian growing countries of India and Thailand, and prospects of a record US 1994-95 harvest could lead to higher US soybean imports into Asia, a major US industry official said. "Soybean production is going
        Reuter  -  312 words
      • Article
        Lock icon Surat plague may benefit diamond industry
        368 10 AFP BOMBAY A plague outbreak which devastated the Indian city of Surat, the country's main diamond processing centre, may prove to be a blessing in disguise for the industry. Diamond prices had been sluggish for some time as a result of overproduction, and the
        AFP  -  368 words
      • Article
        Lock icon CME, Nymex to have joint settlement system
        216 10 Reuter CHICAGO The chairmen of Chicago Mercantile Exchange (CME) and New York Mercantile Exchange (Nymex) have announced in a joint release they will develop a Common Banking and Settlement System to consolidate banking transactions for member-firms of both exchanges. The common banking system
        Reuter  -  216 words
      • Article
        Lock icon Higher output calms fears of any oil shortage
        436 10 Reuter LONDON World oil production is growing faster than expected, easing fears of supply tightness during the peak winter demand period, analysts said yesterday. Although demand continues to grow at a blistering pace a 1.6 per cent increase in 1994 alone according
        Reuter  -  436 words
      • Article
        Crude surges on Iraqi troops report
        288 10 LONDON Crude futures jumped on both sides of the Atlantic, following reports Iraqi forces had mobilised along the Kuwaiti border. An initial rise was accelerated after the US State Department appeared to confirm unexpected troop movements on the Iraqi side. "It appears that there
        288 words
      • Article
        Lock icon Currecy Reports: London
        183 10 Reuter LONDON The dollar finished the European session broadly steady, with minor losses on the mark countered by gains on the yen, as longawaited US labour data increased market speculation a US interest rate rise was on its way. A decent rise in September non-farm payrolls, plus
        Reuter  -  183 words
      • Article
        Lock icon Hwrvm
        93 10 Reuter NEW YORK The dollar moved higher in nervous midday trading following reports that Iraqi troops are moving toward the border with Kuwait. At midday, the dollar was quoted at 1.5450/57 marks, up from 1.5365/75 marks at the open, and from 1.5435/45 marks at the close on Thursday. It
        Reuter  -  93 words
      • Article, Illustration
        Untitled
        1383 10 I wit*-iiindex cakutatnl against S'pore'\ top 14 trading purtnrr\ Bawyvar I9*f US$/S$ forward rates Noon Oct 7 s$ Bid Offer 1-month I.47J5 I 4800 2-month 1.4772 I.47J7 }-mooth 1 4752 '*172 6-month 1.4710 1.4730 Sounr (K BC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Sm m Oct 7 Singapore
        1,383 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen sharply lower on dollar recovery
        1218 11 Reuter SINGAPORE Simex Euroven futures ended sharply lower after the US dollar staged a major recovery against the yen. "We've seen good selling (of Euroven) during the day, mainly from US funds," said a dealer at a local commission house. The US dollar strengthened
        Reuter  -  1,218 words
      • Article
        Lock icon Strong demand sees KL tin move up
        637 11 COMMODITY REPORTS Reuter Bernama KL Tin TIN rose 10 sen to close at M 513.69 a kg on strong consumer demand in line with rising prices in London, dealers said. The market gained as prices rose US$4O in London although the local premium
        Reuter; Bernama  -  637 words
      • KNIGHT – RIDDER COMMODITY SUMMARY
        • Article
          China holding back on tin delivery
          76 11 HONGKONG Chinese metal traders are holding back on delivery of tin stocks in the hope that London Metal Exchange prices will rise above U555.500 (558,140), Hongkong-based traders said. According to one trading source, a number of metals traders have been holding back several hundred
          76 words
        • Article
          Freeport Indonesia to raise ore output
          72 11 TOKYO PT Freeport Indonesia will increase its daily ore production rate to 150,000 tonnes by mid-1995 from 70,000 tonnes at present, following an expansion of mine and milling operations, a senior company official has confirmed. Once the expansion is completed, Freeport Indonesia's annual production
          72 words
        • Article
          Wool prices continue to fall
          63 11 TOKYO Wool prices continued their downtrend this week, bringing prices back to late Augustearly September levels. The eastern market indicator fell 17 Australian cents per kilogram to 739. down 90 cents from three weeks ago. Australian Wool Exchange managing director Peter Smith said prices were
          63 words
        • Article
          Gold Star to sell copper cathode back
          97 11 TOKYO Still reeling from weaker-than-expected domestic demand. South Korea's Gold Star Cable Co will sell another 1,000 tonnes of copper cathode back to the market after selling more than 2,000 tonnes last month, according to a senior company official. The company, one of
          97 words
      • Article
        COMMODITY PRICES
        1243 11 Rubber 7 Singapore Commodity Excfcaaf* nyticai Prtcss (futures dsslag as at 5.3tpn) Bayers Sim As at 12 MM (S cents/kg) RSS I Contract (S cents/kg) 7ZTI RSS 2 Nov 94 211.00 212.00N intcpMi RSS 3 Nov 94 210.00 211.00N Mo" th Huh Low Sett (tonne*) Interest RSS 4
        1,243 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1088 12 -8.8 The Australian share market closed down on reasonable volume. Trading was subdued ahead of the closely watched release of US September employment data later yesterday. The All Ordinaries Index closed 8.8 points or 0.45 per cent lower at 1967.5. the lowest since July 11. while December SPI futures
        1,088 words
      • Article
        Seoul
        485 12 •4.09 Institutional selling in the lateafternoon swung the Seoul index down to a lower close, brokers said. The Composite Index ended the day 4.09 points down at 1065.84, having hit a high of 1081.14 in the morning. Brokers said the market would undergo a short correction period before picking
        485 words
      • Article
        Manila
        644 12 19.36 Buying of blue-chip stocks lifted Philippine share prices for the fifth straight day yesterday, but analysts were cautious to call the trend a rally, saying the market was still on moving sideways. The Philippine Stock Exchange Composite Index sprinted by a 19.36 points or 0.66 per cent to
        644 words
      • Article
        Taiwan
        97 12 -32.96 Taiwan stocks ended a day of volatile trade slightly lower, and brokers said the effects of a share payment default that dragged the index down seven per cent in the past two days had almost come to an end. The Securities and Exchange Commission said payment defaults totalled
        97 words
      • Article
        Untitled
        464 12 Taipei Oct 7 n Vol Asia Cement 52 50 -0 50 1658 All Sincere Ind J 70 unch 104* (h.na( hemical 34 50 -0 30 2**6 (hina »«*< aNe 35 40 -160 3624 Cathay owr 44 30 -0 20 3430 China Develop I420>) 3 50 :40V8 Cm/en Fund 10.05 unch
        464 words
      • Article
        New Zealand
        257 12 -10.11 Shares dropped amid concern about rising interest rates, though several smaller capitalisation stocks bucked the trend, traders said. The Top 40 stock Index lost 10.11 points to 1988.05. around its three-month low. Volume was valued at NZ562.7 million. "We're just following the rest of the world and
        257 words
      • Article
        Bombay
        113 12 +70.21 Share prices closed at higher levels, spurred by active speculative buying in moderate volume trade at the beginning of the new account, brokers said. The 30-share Bombay Stock Exchange (BSE) Index closed 70.21 points higher at a provisional 4,449.70 indicating strong buying support for blue chips. The broader
        113 words
    • WORLD STOCK MARKETS
      • Article
        London
        770 12 14.3 Share prices closed firmer, pulled up by US Treasuries, fjlts and bunds with FTSE utures providing good support following the latest US jobs data. Dealers detected a growing feeling that the Federal Reserve could raise rates later yesterday. The FTSE 100 Index closed 14.3 points up at 2,998.7,
        770 words
      • Article
        Paris
        116 12 13.00 French shares ended firmer in a fragile market in the wake of higher futures and US markets even though US unemployment data gave new ammunition to those arguing for higher interest rates. The CAC-40 Index closed up 13.00 points or 0.71 per cent to 1,856.38, down 22.87 from
        116 words
      • Article
        Frankfurt
        125 12 +0.02pc The stock market marked time yesterday as the DAX Index finished the day at 1.961.37 points, up a tiny 0.02 per cent from 1,961.03 points at the Thursday close. Frankfurt Ocl 7 DM t n ***** unch S3fcr 292 00 -»20 BMW ltiCO 4 00 Bave, 330 30
        125 words
      • Article
        Brussels
        142 12 -1.7 Belgian stocks closed down but off their lows after the US employment report. With the earnings season out of the way, investors in Belgian stocks have been eyeing US figures for signs that the economy is growing too fast, which would raise concern about accelerating inflation and higher
        142 words
      • Article
        Milan
        145 12 -222 Shares trimmed early heavy losses on a bout of shortcovering ahead of the weekend. traders said, but there was very little fundamental buying despite heavy volumes. The underlying mood remains very negative, traders said, on a row that erupted this week between the government and Milan magistrates. Market
        145 words
      • Article
        Amsterdam
        240 12 +2.09 Dutch shares ended at the day's high as investors revised their views after initially negative reactions to US employment data. The AEX Index ended 2.09 higher at 392.87, continuing Thursday's hesistant recovery from a free fall earlier this week. Traders see more gains next week, provided Saddam Hussein
        240 words
      • Article
        Stockholm
        143 12 •0.47pc Swedish shares closed lower in trade heavily influenced by forestry products sector stocks, and inflation expectations and unemployment data in the US. Wall Street and other European bourses recovered after the US jobless figures but Sweden's did not. "The small (post-jobless) rise was not enough to lift the
        143 words
      • Article
        Zurich
        250 12 12.1 Swiss shares ended higher on US jobs data, with dealing focused on insurers. Volume remained thin. The US data helped prices but did not improve market sentiment. The Swiss Market Index of 23 leading stocks was 12.1 points higher, or 0.49 per cent, at 2496.9, its second day
        250 words
      • Article
        Johannesburg
        307 12 -9 South African gold shares managed to snap a four-day losing streak yesterday as bullion showed signs of recovery early on, dealers said, but a late bullion dip pulled them off highs. The Gold Index finished 29 points better at 2,356 after earlier rising to 2,377. The Industrial Index
        307 words
      • Article
        Toronto
        299 12 -4.61 Stocks recovered some ground to trade mixed at midday. Dealers expect the market to stay quiet through most of the afternoon. US employment data, which came in somewhat mixed, was still bullish enough that inflation fear remains a factor. "I think this afternoon is going to be quiet.
        299 words
      • Article
        New York
        782 12 17.16 US stocks climbed at midday as investors reversed a selloff mood, gaining confidence that the economy's added muscle was not enough to cause alarm, analysts said. "Those who are going to sell, have sold," said Alan Ackerman, market strategist at Reich and Co. "The bulk of the
        782 words
      • Article
        Untitled
        492 12 Vienna Oct 7 A»ch AUA l*»50 10 Bint Anita PS *02 i CA-BV VZ *05 4 EVN I Vt 6 Flughjlcn 2 Lrn/ing 11*5 S LryWm <25 4 Maculan HM VZ 1101 -4 OEMV VZ 97J 2 VA T«rhnoto»i» IMJ 4 Vc.tvrher JJ4 J Vcrt>und AM* A 65« I Wicnntwrj
        492 words
    • Article, Illustration
      Lock icon HONGKONG
      2714 13 Reuter HONGKONG Shares reversed their steep morning losses at the finish, inspired by the Shanghai bourse's sharp rebound after Beijing denied rumours of Chinese paramount leader Deng Xiaoping's illness, players said. The blue-chip Hang Seng Index put on 8.63 points to end at 9,284.88, against a day's low of
      Reuter; Source: Bridge Info  -  2,714 words
    • Article, Illustration
      Lock icon CHINA
      465 13 CLSA THE A shares saw volatile trading, mainly driven by rumours. At one point shares in Shanghai plunged 18 per cent, but finished up 12.3 per cent when rumours suggested that it was not Deng but another hardliner who was suffering from ill-health. The CLSA Shenzhen A Index also
      CLSA  -  465 words
    • Article, Illustration
      Lock icon TOKYO
      2489 13 Reuter TOKYO Signs that the yen's climb against the dollar is over and steady demand for Matsushita Electric Industrial Co Ltd's convertible bonds helped stocks end ahead. But overall sentiment remains weak, and the market is unlikely to rally next week, dealers said. In particular, investors are worried about
      Reuter; Source: Bridge Info  -  2,489 words
    • Article, Illustration
      Lock icon BANGKOK
      1556 13 Reuter BANGKOK Thai stocks closed lower but off the day's low on late buying of bank issues, brokers said. The SET Index closed down 21.72 points at 1,459.78, after falling as low as 1,451.56, on 6.% billion baht turnover. "Investors liquidated holdings on technical factors but buying interest emerged
      Reuter; Source: Bridge Info  -  1,556 words
    • Article, Illustration
      Lock icon JAKARTA
      1050 13 Bloomberg Business News JAKARTA Stocks rose on hopes the government will approve personal and corporate tax cuts of as much as 30 per cent by November, adding disposable income to strong economic growth to yield fatter corporate profits. The benchmark Jakarta Stock Exchange Composite Index rose for a fourth
      Bloomberg Business News; Source: Bridge Info  -  1,050 words
    • Article
      CLOB INTERNATIONAL
      2363 14 MOST ACTIVE vofamt Insas Bhd 36,8") 1.000 Pcgi Msia 12.833,000 Amal Steel 50c 7.639.000 MBf Capital 7.188.000 Ganda Hides 7.160.000 Mulpha lnlI50c 6.087.000 Idns Hyd 50c 5.040,000 Fabcr Group 4,712,000 Promct 4.352.000 Mull i-Purpose 4,251.000 M Mosaics 4.089,000 K.L Industries 4.030.000 kamunling 50c 3.666,000 moat «cTWt-«**»«> Insas U5J?M0
      2,363 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks tumble on report of trouble in Kuwait
        5383 14 AFP KUALA LUMPUR Malaysian stocks fell sharply yesterday as news reports that Iraqi troops were possibly moving towards Kuwait triggered panic-selling, brokers said. The local bourse had barely recovered from recent sharp declines, they said. The Kuala Lumpur Stock Exchange's 86-stock weighted
        AFP; Source: Bridge Into  -  5,383 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        6909 15 Ct Gt M Wl ihj Last Vd Day Laut QmM Dl. Ol. W Nj Cap An H«h Lot r Sak COM) High Lao Bayer SalltT Of P/E tmU Prtca INDUSTRIAL AND COMMERCIAL 1440 135 mi s Acma l0S0cd+40 330 1050 1020 1050 10*0 17 J 4.7 1.7 I6J 7U.7 1009
        6,909 words
      • Article, Illustration
        Lock icon Gulf War rumours add to market jitters
        1832 16  -  By R Sivanithy SINGAPORE Rumours of a renewed Iraq-Kuwait conflict depressed an already weak stock market yesterday, with property counters and Malaysian stocks suffering the largest drops. There were, however, pockets of buying interest to enliven an otherwise cautious session, in which investors
        Charts by Bridge Info); Source: Bloomberg  -  1,832 words
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      266 6 NEWS VALUE Ho** today's news might affect your stocks Listed M'sian firms post 20*/o rise in half-time profits (pg I) Though the speculative element in the Malaysian market is relatively strong, the fundamental underpinnings arc solid. Insas shares soar after profit gain, Ayer Molek deal (pg I) Speculative interest extremely
      266 words
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      124 13 Prinw automatic chronograph movement. J J Available in gold, gold and steel or steel. ZENITH g Above fc Bayond Pta Lid 1 MjnttmeS«|uarr W2-W1 Expo Gateway TA Z77HH2 Cortina Watch C«ln n> LMMI- Raffia Oty 33W185.W1-32 Lucky PlaaaTd *****64 Patmaa Caatam Watch fW IM 801-18/ aL^2D C «r»r«po«itTrf *****36 JawaMaty
      124 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      59 15 Teleview subscribers ere the first in the world, outside Jepen, to enjoy up-to-the-minute extensive coverage of global news on socio-political, P/ V, LXa Singapore yg yy finance, defense, science and sports from Kyodo Telecom Newsservice. Call 1800 -235 4567 now for details. s«vice first .Always. I—IZII 1 I PLAY SMART
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      175 16 TOLL-FREE TEL. No. 1-600-741-1883 FAX:74I-1298 This advertisement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Notes U*****,000,000 i 4 The Korea Development Bank 8.09% Notes Due October 6,2004 CS First Boston Goldman, Sachs Co. Merrill Lynch Co. J.P.
      175 words
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      Page 16 Advertisements Column 2
      300 16 lattoUMMtrf Tbt Cafithi Aa. Ctp. 30 mi latiMWrf iaotic me casting* MACHINING COMPANY (SINGAPORE) PRIVATE LIMITED NMIOB cf BMQAM&QBB lof ilMh—' Vatutmy WUdu|-Up to Sccooa 290) Al« Ei«iwl—j Ocatni Mecoaf 0t MMM Ptcik Mt Cbttiag A M.rb.«. t Om/mf fliwu.) f» i.-i a t j —-t I ll* ÜBMN mi
      300 words
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  • Executive Lifestvle
    • Article, Illustration
      Lock icon Young and free-spending
      1605 17  -  Today's affluent, image-conscious teenagers are turning out to be a new force in the marketplace, reports Tan Su Yen Tan Su Yen This article first appeared in the September issue of Singapore Business A T 17, Teo Yee Leng has the A world at her feet. She
      Photo by Chris Loh  -  1,605 words
    • STRAWS IN THE WIND
      • Article
        The other PM
        65 17 IN THE journalism business, hanging around top people like the Prime Minister can elevate your social standing somewhat. One of our journalists, Chuang Peck Ming (initials PM Chuang, by the way) recently followed Goh Chok Tong on his Australian trip and was more than tickled when he
        65 words
      • Article
        New tease of life
        84 17 WHY DO people like to use so much officialese when they send out press releases? We just received one titled "Building Agreement Signing Ceremony For the Rehabilitation of Two Buildings on Sentosa Into A Hotel". What do they mean, "rehabilitation"? Did the two buildings break protocol
        84 words
      • Article
        Working title
        38 17 SPEAKING of press releases, we also received one addressed to "News Editor, News and Shifting Times". Commented the news editor wryly: "Well, guess that's what shipping is all about shifting goods from one place to another."
        38 words
    • OPINIONS
      • Article, Illustration
        A Security Council seat for India isn't such a hot idea
        1102 18  -  N J Nanporia says, with the United States indulging in a not-so-subtle downgrading of the UN, New Delhi may not realise what it's getting into N J Nanporia The writer, formerly editor of The Times of India, contributed this
        1,102 words
      • Article
        New HDB system could work for cars
        985 18  -  We just might achieve a fairer distribution of vehicles, says Abdul Hadhi Abdul Hadhi The writer is a BT journalise THE NEW Housing and Development Board (HDB) rules on applications for new flats which came into effect as October dawned offer scope for
        985 words
      • Article, Illustration
        Trains and trams make the best people-movers of all
        952 18  -  Rail networks and good taxi services are what Neville Stack would like to see in public transport all over the world Neville Stack The writer is a political commentator based in London. He contributes regularly to BT. THE PROSPECT of a
        952 words
      • Article
        Adopt portfolio approach to CPF funds for regional investment
        530 18  -  LETTER TO THE EDITOR Thomas Chong THE RECENT announcement by the Senior Minister with regard to CPF funds for regional equities is, in principle, most welcome. But it is disappointing to note that this is only for the EIS (Enhanced Investment
        530 words
    • VIEW POINT
      • Article, Illustration
        Lock icon The money world's Dr Doom
        3072 19  -  the raffles CONVERSATION Honskons'bciscci fund Mcirc F&ber often sees fkbulous investment opportunities where others see nothing but trouble, &nd vice versa. This self-proclaimed contrarian tells Vikram Khanna why he is bearish about Hongkong and bullish about Russia Vikram Khanna WALK into the offices of Marc
        Photo by Michael Tsui  -  3,072 words
      • Article
        An artist in the business
        392 19 Uiv yf ANY people ask me: |%/l why don't you retire 1?X and do your hobby?" says Marc Faber "I tell them; that's exactly what I'm doing." Swiss-born Dr Faber has spent all his working life managing money. After finishing his doctorate at the London
        392 words
      • Article
        Gems from Faber's monthly report
        403 19 ONE of Marc Faber's more creative ventures is his monthly Doom Gloom and Boom Report, which is read by thousands of investors all over the world. Written from an often historical perspective and in a conversational style frequently in the first person it stands out
        403 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS' EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Oct 10-14)
          596 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities. Baring Securities, Daiwa Securities, Fraser Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, Phillip Securities, S G Warburg, Smith New Court, and W
          596 words
        • Article, Illustration
          In my opinion...
          371 20  -  Edmund N S Tie Managing director Jones Lang Wootton am often approached I by eager potential .A. home-owners and investors on my opinion on the residential market an area close to many of our hearts. Phenomenal price increases over the last 18 months have benefited many property
          371 words
      • Article, Illustration
        Lock icon SIA's fare cuts: no cause for concern, say analysts
        975 20  -  THE WEEK By Joyce Quek JUST when you thought it was safe to venture out in October when people suspect all sorts of nega-tive-impact events talk about Saddam Hussein, US employment figures and the run-up in Singapore and Malaysian stocks throws
        Source: Datastream; By John Securities (Hongkong) Ltd  -  975 words
      • Article, Illustration
        Lock icon Profit-taking weakens Indonesian market
        597 20  -  Eye on the region Andrew Pearson examines the factors behind the Jakarta Index's recent slide Andrew Pearson The writer is research director of PT Peregrine Sewn Securities THE Indonesian market is now trading 3.3 per cent below a Sep 8 high of 532.8 on the Jakarta
        Source: Bridge Info  -  597 words
      • Article
        Singapore stocks help unit trusts post gains
        433 20  -  Elaine Koh takes a look at how unit trusts fared last month Elaine Koh UNIT trusts invested in Singapore stocks showed gains in September with the return of institutional interest in the local market. A few outperformed their respective indices, with CPFapproved Schroders
        433 words
      • Article
        Unit trust
        829 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Hanking as at Oct J, 1994 5 5 Singapore Straits limes 086 4*4 12.1* J' CwiitLyonna.s Singapore Or 28.07 69 3.24 I 1506 I 18 88 I 7 30 4 168 74 I 205 59
        829 words
      • Article, Illustration
        Small issue size, but a good retail buy
        955 21  -  CTftf V WATI-H By Ven Sreenivasan SEKSUN Precision Engineering may be a relatively unknown component maker, but its share issue should go down well with retail investors and punters looking for a quick profit. However, institutional investors may hang back, given the
        955 words
      • Article, Illustration
        Lock icon A chance to make reasonable gains
        885 21  -  By Michelle Low GIVE Sesdaq aspirant Meiban Plastic a chance, say some analysts. Earnings will be stable, but don't expect huge gains. Others are not so sanguine. Profitable since it began operations in 1987, the injection moulder's 1994 turnover from making plastic components for
        Photo by Chris Loh  -  885 words
      • Article
        Singapore Telecom is tops for third straight quarter
        705 21  -  Paul Leo looks at the list of the biggest firms in the Asia-Pacific Paul Leo SINGAPORE Telecom maintained its position as the largest listed company in the Asia-Pacific region (outside Japan) for the third consecutive quarter to Sep 30, despite a fall
        705 words
    • Article, Illustration
      Unlikely news story
      793 22  -  Cinema Reviews By SUSAN TSANG WORKING with a newspaper can be lots of trouble, but it's also so much fun. In Love Trouble, established columnists can write a novel and spend their working hours promoting their books. They can get their pictures on their newspaper's vans, and
      793 words
    • Article, Illustration
      What's up, doc?
      685 22 THE GOOD NEWS is, the action in Century does not span a hundred years, just the year between 1900 and 1901. The bad news is, that's bad enough. Clive Owen plays Paul Reisner, a young doctor who can't wait to get away from his eccentric East European
      685 words
    • Article, Illustration
      Lock icon The Kansai approach to Osaka
      1301 22  -  Travel By LINDA COLLINS The writer is a BT executive sub-editor IMAGINE a small island where thousands of tourists arrive every day yet it doesn't even have a beach. Imagine an island where special cooks whip up thousands of gourmet meals a day but never
      Photos by Trixie Tan  -  1,301 words
    • Article, Illustration
      Lock icon A beautiful course and a grand occasion A beautiful course and a grand occasion
      1132 22  -  Shahiron Sahari catches the action at the Pro-Am event of the Trophee Lancome golf tournament Shahiron Sahari IT WAS officially the first day of Autumn. but even so, the weather was unseasonally cold and wet for
      Photo by Shahiron Sahari  -  1,132 words
    • Article, Illustration
      Keeping the past in focus
      759 23  -  Book Review By CHUANG PECK MING The World Economy Since The Wars By John Kenneth Galbraith Sinclair-Stevenson $51.40. 274 pages THE WORLD Economy Since The Wars is in fact very much about the American economy. Liberal economist John Galbraith. for all his worldly reputation, is
      759 words
    • TIME OFF
      • Article
        PERFORMANCES
        336 24 An Evening of Opera Extracts from three operas staged by Lyric Theatre, with Jacobo Kaufmann directing. Watch baritone Ong Wej Kiat and soprano Anita Morrison trade witty repartees in Wolf-Ferrari's Suzanna's Secret; about Suzanna and her jealous husband and how he suspects her of entertaining a lover when he
        336 words
      • Article
        CONCERTS
        509 24 Expressions I: Underground Festival At the Asian Village. Underground bands like Matyrdom, Demisor, Satsu, Langsuir and RIP will carry out the proceedings. Parental guidance may be necessary. Today. 6.30pm at the Asian Village. Sentosa. Admission charges: 55 (adults) $3 (children). Normal charges to Sentosa also apply. SSO Concert Included
        509 words
      • Article, Illustration
        FILMS
        351 24 Singapore Film Society Screenings: The Philosopher's Stone What happens when a middle-aged bank clerk discovers a magic stone which brings him wealth and fame? Well, he gets wealthy and famous mostly, until his rival sets the police on him. Oct 17, 6.45pm at the Jubilee Hall. Screenings are for
        351 words
      • Article
        EXHIBITIONS
        470 24 Sotheby's Preview of Chinese Works of Art Highlights from the forthcoming Hongkong sale/exhibition comprising 543 pieces include some important Chinese ceramics, paintings and jadeite jewellery. Today and tomorrow. 10am to 6pm. Level 2. Empress Place Museum. Kiln's Art Features various scuplted works by New Zcalanders Paul Laird. Darryl Robertson
        470 words
      • Article
        TALKS
        390 24 Public Forum In conjunction with Tan Tock Seng Hospital's Second Annual Scientific Meeting, public forums .in English have been organised: What Should I Do If My Child Has Short-Sightedness?: Today, 4pm--5.30pm. Westin Plaza Level 4. Sophia and Olivia Rooms: Stroke Re-Entering Society: Oct 9. 2pm-5.30pm, Training and Education Centre.
        390 words
      • Article, Illustration
        MISCELLANEOUS
        266 24 The ACS Benefit Auction This auction will be displaying and selling paintings by Chen Wen Hsi. one of Singapore's pioneer artists and art educationists. Some pieces of note are his early works in oil and some of his best known images in ink. Preview: Today. 10am to 6pm: tomorrow:
        266 words
      • Article
        AT THE SUBSTATION
        235 24 Forum for the Arts This series of lectures continues with Sotheby's veteran Neil Davey, who will be talking about Japanese Netsuke. Today. 2.30pm at the Guinness Theatre. Fees: $12. The Rite of the Quilt The idea of making quilts to commemorate those who have passed on from
        235 words
      • Article
        TICKETING
        141 24  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, Junction 8. Liang Court, Raffles City, Scotts. Specialists Centre, Takashimava, Cold Storage at Jelita and World Trade Centre. Also at the Victoria Concert Hall Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro
        141 words
    • PEOPLE
      • Article, Illustration
        Fact and fiction from Jeffrey Archer
        122 24 BRITISH novelist Jeffrey Archer swung through Singapore recently as part of a speaking tour of the Asia-Pacific. He was guest of honour at a gala dinner held at the Regent Hotel where he regaled guests with tales of his life and his latest novel,
        122 words
    • SPORTS
      • Article, Illustration
        Lock icon Chinese swimmer breaks world record
        624 25 Asian Games AP AFP HIROSHIMA Multitalented swimmer Lu Bin broke a world record yesterday as China's Asian Games gold medal juggernaut stretched from the pool to the softball field. Meanwhile, the first positive drug test of the games was reported. A Thai soccer player was
        AP; AFP; Reuter  -  624 words
      • Article
        Lock icon Organisers express anger over golfers' schedule clash
        375 25 AFP HIROSHIMA Asian Games golf organisers expressed anger yesterday that the World Amateur Golf Championships in Paris has kept several top players from the Hiroshima event. Games officials made their plans two years before the world finals were set, but were frustrated when
        AFP  -  375 words
      • Article
        Future of tournament over two more years assured with DHL sponsorship
        559 25  -  Singapore Open Veterans Tennis Championships Preview By Shahiron Sahari SINGAPORE The 14th edition of the Singapore Open Veterans Tennis Championships begins on Monday with sponsorship locked in to ensure that it survives for at least two years more. After
        559 words
      • Article
        S'pore scores upset win against favoured Kiwis
        333 25  -  TNT Express Worldwide Cricket Sixes By James Dallmeyer SINGAPORE Singapore caused a major upset on day one of the TNT Express Worldwide Cricket Sixes by defeating New Zealand, one of the favourites for the tournament. The Kiwis, with the legendary Lance Cairns, son
        333 words
      • Article, Illustration
        Lock icon US beats Japan, defends title
        465 25 AP ST ANDREWS, Scotland Fred Couples eagled the first at windswept St Andrews to revive the United States on Thursday as the title holder came from behind to edge Japan after a shaky start to its defence of the £1 million (552.35 million) Dunhill Cup.
        AP; Reuter  -  465 words
      • Article, Illustration
        Lock icon Ireland upsets top-seed US in Dunhill Cup
        466 25 Goir Reuter ST ANDREWS, Scotland The United States, the titleholders and top seeds, were upset 2-1 by Ireland on the second day of the Dunhill Cup team golf championship yesterday. Powerful Irishman Darren Clarke beat an erratic Fred Couples by three strokes, 71-74,
        Reuter  -  466 words
      • Article
        Lock icon Poor attendance at Asian Games
        129 25 Reuter HIROSHIMA Attendance so far at the first Asian Games held outside a capital city is a record low, figures released by the organisers yesterday showed. Despite a record number of 34 sports and 337 events, a total of only 114,159 people have attended. "These
        Reuter  -  129 words
      • Article
        Lock icon Turtle blood: baloney, says IAAF chief
        114 25 AFP HIROSHIMA Athletics supremo Primo Nebiolo says Ma Junren's magic potion of turtle blood is a load of baloney. "He is lucky to have some young women ready to train two or three times a day every day," the International Amateur Athletic Federation president
        AFP  -  114 words
      • Article
        Lock icon Pierce wins in European second round
        88 25 AFP ZURICH Second-seeded Mary Pierce beat the young Swiss tennis prodigy, Martina Hingis, 6-4, 6-0 in the second round of the U*****,000 (SSl.l million) European Indoors tennis tournament on Thursday. Pierce, ranked fifth in the world and a French Open finalist, had a little
        AFP  -  88 words
      • Article
        Lock icon Aussie cricketers to bare their knees
        120 25 Reuter SYDNEY Australia's one-day cricketers are set to short change the sport's traditionalist followers by swapping their flannels for navy blue and white shorts. In a move that could provoke howls of indignation from the members at Lord's, the Victorian state side will bare
        Reuter  -  120 words
      • Article, Illustration
        Cricket
        546 25 HIROSHIMA Selected results Friday: EQUESTRIANISM Team Jumping Final 1 Japan 12.00 2 Taiwan 28.50 3 Iran 30.00. FENCING Women's team foil: 1 China 2 Japan 3 S Korea. GOLF Men's 2nd rd: 139 Kaname Yokoo (Jpn) 70-69 142 Chang Tse Peng (Tai) 71-71 143 Ahn Joo-Hwan (Kor) 72-73 144
        546 words
    • EPICURE
      • Article, Illustration
        Down-to-earth goodness
        696 26  -  Bon Appetit By TYE KIM KHIAT WHEN four friends from schooldays with little in common got together to ponder their working lives, they could not have been more down to earth. They decided to sell spuds on their feet 10 hours a day, seven days a week. None
        696 words
      • Article, Illustration
        New triumphs and old favourites
        779 26  -  By SUSAN TSANG A CANTONESE restaurant with a Mandarin name? Well, no one would accuse Xin Cuisine Chinese Restaurant of being bound by convention. Xin means new, and also describes Chef Frankie Woo's culinary philosophy. Xin Cuisine offers new ingredients with that familiar Cantonese touch,
        779 words
      • Article
        An instructive champagne tasting
        738 26  -  Wine By N K YONG THE ONLY way to make qualitative evaluations of wines is by tasting them side by side, preferably "blind" labels concealed. Trying to assess how a wine compares vis-a-vis another similar wine (drunk in the past), as we often do, is fraught
        738 words
    • Article, Illustration
      CINEMA
      997 28 Amantes. Spanish tale of love and sex. R(A). Midnight tonight at Lido. Jade, Hollywood, Oriental. Tomorrow: 5pm at Jade, Oriental; 5.30 at Lido. AmityvWr A New Generation. A photographer gets a mirror, and finds it contains more than reflections. Lido: 11.15; 1.45; 4.15; 6.45; 9.15, midnight tonight. Prince: 11;
      997 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      76 17 □ODEJ 10-00 D BSQB IAKMI FINANCE I ,j£- >'* W r •mm m&m Iftfc j<f«l.,i ■■VJv fl M K u i "^^^^^P^WSPrJHBI 19 y r m W w J iSKjUiijJr "^i»w»T^^^i K ewellers Available B t,Scans Road #01-16 Scotts Shopping Centre Singapore 0922 Tel: 737 3708. V 583 Orchard Road
      76 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      54 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'pore 0923. letters should include your contact numbers. Doonesbury and Bristow are on Page 5 Jd HIGH STAKES Don,t S et shortchanged, go for a coverage V° u can on- \r/ nancial ews
      54 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      32 21 Any Job. Any Career. Available any Day. any Time. Anywhere. tmc rmn th« Sunday twu •uwncm Twtf tnb NCW Fwe I mnif uiww wmoo Inm Mm Omlt Mews Acmita nah>aw Scmta Mnmu
      32 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      211 23 WINNERS' CIRCLE t Which stock gave investors a return of nearly I,oooper cent overthepastfouryears?And who will be next year'stop /^&X| earners? Find out in our HMRmv/ cover story. AI^OJNJJMISSVE: Surging values in office property City-by-city guide to Aussie homes Mother-daughter team invest in China HSBC: The making of a global
      211 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      145 24 jv 2 E*clt»at»«ly a* <* SyX 11 j? \jA v/M y t lt)ro«4 PW LM I KUilimrSqum W2 WI E»pu CMmu)i T< OTWI CortiM WiKh Cmlß ht M »l-36 fodln CHy ShifpinK Cmli* Td: BWIH. 111T732 Lucky PUuia TH 23SUUH4 D*liu* Ea*t*m Watch Ptal Id Wl-IS/200n<r*fHnntTd *****36 Jcwetltry IndiMtrinlS) Pt*
      145 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      125 26 M A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, stew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more, just
      125 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      754 27 M Nothing Beats A Bud. IfcggJ OK MWU Uf HBBnai FRESPfI L PASTA &DAILY. 1 W From Pasta Fresco. Tho only restaurant I to make Its own specialty pasta. Fre,h I I everyday. Savour perfect pizza, great I j gelati and terrific tiramiso. All topped with Italian hospitality. I I
      754 words
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      Page 27 Advertisements Column 2
      310 27 1 WHERE TO WINE, DINE AND ENTERTAIN Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. > 1 High-Tea; V" $12.00 (adult) 'V
      310 words
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      Page 27 Advertisements Column 3
      258 27 fEjJ 4DI I 19 &)ret iJirne S7n iSfiaifghai G&eace fflote/ ££asi(/ <£* (>he/s Gome tJo f/oton September 30 till October 9, So don't miss out on this rolling good time! 1 Make your reservations at 831 6262/3 today. 1 <Ras6aiL BH ~r7~"T~~" m BEIJING RESTAURANT Ik I Ijif. The Saturday
      258 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2232 28 TODAY'S TV 630 Trave,s k Carte 10 00 4 arhet l"j [lyi I [1] LN Turkey (See Our Report (M) ■■■BiiyMH 10.30 Menu. Breaking Point, 2pm, Ch 5 Get Smart, 1.30pm, Ch 5 7.00 Today hi France. JJ-JJ Report w 7.30 Berita 12 (M). 12-00 NN News. Decent 1989 World
      2,232 words