The Business Times, 22 July 1995

Microfilm: NL20009
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Weekend Edition, July 22-23 1995 WE KNOW ASIA 85*
    13 words
  • Article, Illustration
    Creative silent over Ng's exit; market abuzz
    414 1  -  Some brokers fear soundcard giant may post first loss By %A Claire Leow, Kenneth James SINGAPORE With the nearing of crucial quarterly results, one of Singapore's most often-related success stories has taken a mystery twist. The sudden quitting of one of the founders
    414 words
  • Article, Illustration
    Lock icon ANA Hotels shares surge 51 cts on conversion rumours
    373 1  -  By Conrad Raj SINGAPORE Stockmarket investors seem to have suddenly discovered ANA Hotels, operator of a hotel with that name on Nassim Hill. The shares of the hotel company shot up SI cents to close at $2.50 yesterday on rumours that
    Source: Bridge Info  -  373 words
  • Article
    EML poised to make comeback
    351 1  -  New finance deals being struck, better interims posted By David Mok SINGAPORE In a serious effort to prove its viability, troubled videotape maker Electro Magnetics Ltd has broken a two-week silence with an announcement of new financial arrangements and improved interim results. The company said
    351 words
  • Article
    BOJ intervention pushes US$ up against yen
    289 1  -  From Anthony Rowley THE US dollar closed sharply higher against the yen in Tokyo yesterday following aggressive intervention by the Bank of Japan, which is pursuing a lone but determined battle to shift the yen/dollar rate back to a level that allows the
    289 words
  • Article
    Telekom's half-year net profit up 13.6%
    235 1  -  From Ho Kay Tat in KUALA LUMPUR STATE-CONTROLLED Telekom Malaysia Bhd finished its half-year to June 30 with a 13.6 per cent rise in net profit to M 5688.2 million (*****.9 million). Net earnings per share (EPS) for the first six months was 35
    235 words
  • Article
    Lock icon Japan, S Korea block EU proposals on financial services accord
    150 1 AFP GENEVA Japan and South Korea yesterday blocked proposals by the European Union at the World Trade Organisation (WTO) for an interim multilateral agreement on trade in the financial services sector, WTO officials said. The accord would have excluded the
    AFP  -  150 words
  • 2am LATEST
    • Article
      Lock icon Dow up 5.3 points
      66 1 Reuter NEW YORK Wall Street stocks edged higher yesterday as investors remained nervous about the market's direction following this week's shakeout. At 2 pm EDT, the Dow Jones was up 5.28 points at 4,646.83. In the broader market, at 1 pm EDT, advancing issues edged out
      Reuter  -  66 words
  • Article
    MARKET SUMMARY
    168 1 Stock urkit HmUcm Friday Change STII 2,130.03 -1.93 KLSE Comp 1,036.06 -6.03 Nikkei 16,589.09 +135.67 Hang Seng 9,410.23 -1197 SET Index 1,375.04 -31.47 Jakarta Comp 510.93 +3.50 Manila Comp 2,881.71 +44.29 Taipei WP1 5,058.70 +10.98 Seoul Comp 964.56 +3.15 Bombay BSE30 .3,443.19 +2.48 CLSA China B 805.13 -1.05
    168 words
  • Article
    BOE supervisor who quit denies charges in report
    298 1  -  rhumb REPORT Frtw Neil Behrmann In LONDON THE Bank of England supervisor who resigned after being severely criticised by the Board of Banking Supervision (BBS) over the Barings collapse has denied the report's charges. The official, Christopher Thompson, 51, resigned as senior
    298 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article, Illustration
      Ponggol Marina project with giant boathouse kicks off
      318 2  -  Reports by Abdul Hadhi A GROUND-breaking ceremony was held yesterday for Ponggol Marina which its owner says will have the world's biggest boathouse. Company chairman William Lai said at the ceremony that the boathouse would have racks for 722 craft from 20
      318 words
    • Article
      Fishing port to make way for waterfront town
      256 2 IN A move that may make fishermen more of a disappearing species, the Punggol fishing port and wholesale market is to make way for a waterfront town. The Member of Parliament for Cheng San GRC, Michael Lim, officiating at the ground-breaking ceremony
      256 words
    • Article
      F&N Coca-Cola retrenches 109 staff in revamp
      217 2  -  By Michelle Low FRASER Neave Coca-Cola yesterday laid off 109 people 20 per cent of its workforce as part of a move to streamline local operations. The company is also phasing out low-volume product lines at its Tuas bottling plant as part of
      217 words
    • Article, Illustration
      New Sony COO proposes end to disk format war
      376 2  -  By Claire Leow SONY Corp chief operating officer Nobuyuki Idei yesterday proposed that formats for digital multimedia disks be made compatible. His proposal is the most conciliatory remark to date in the battle for the next generation of digital multimedia disks,
      376 words
    • Article
      Seasoned commodity dealers no longer exempted from futures trading test
      377 2  -  By Siow Li Sen EXPERIENCED commodity traders and dealers who have little paper qualifications could soon be shown the door by the Singapore Commodity Exchange. Sicom recently decided that "old-timers" would no longer be exempted from taking the Futures Trading
      377 words
    • Article, Illustration
      Lock icon PM Goh should be awarded $500,000, says lawyer
      642 2 The IHT defamation suit The Straits Times PRIME Minister Goh Chok Tong's lawyer yesterday asked the High Court to award $500,000 to Mr Goh for the damage suffered as a result of an International Herald Tribune article which alleged that he was
      The Straits Times  -  642 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      272 2 BUSINESS' TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 8 DBS BANK H-E DEVELOPMBsIT BANK OF SINGAPOFE UD SENIOR POSITIONS I (OVERSEAS BRANCHES) I We are looking for young self-driven and highly motivated H professionals seeking challenging management H opportunities in our expanding overseas branch network. H Successful applicants will undergo
      272 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      439 2 k V- WEATIMi I Stagapwt: Showers over several areas in the late morning and eariy afternoon. Temperature (25-32). imri<h a/la* Cm*. Imm wu* tart-' BumMw is/04 aoudy WM 12/Q6 Ooudy 22/17 Obudy CNnfi 27/22 Ogm* Bmfidi 34/25 Showi Mm 3*37 Sunr* HonoUu 27/24 aauO» htm 32/17 run B»tr> 24/14 HouMan
      439 words
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  • THE REGION
    • Article
      KL firms deny charges of unpaid Cambodian duties
      415 3  -  Frtn Ho Kay Tat in KUALA LUMPUR TWO Malaysian companies with gaming operations in Cambodia yesterday denied allegations that they had not paid money due. to the Phnom Penh government. The two companies Ariston and Cambodia Lotteries Corp are part of the
      415 words
    • Article
      Lock icon Banharn bid to allay fears over new team
      296 3 Reuter BANGKOK Thai Prime Minister Banharn Silpa-archa said he would hold ultimate responsibility for the actions of some controversial new cabinet members and said the public must have confidence in his economic ministers. Mr Banham told reporters late on Thursday that his
      Reuter  -  296 words
    • NOTE BOOK
      • Article, Illustration
        Lock icon Healing eels
        46 3 Reuter TOKYO Eel cooking expert Kazuhiko Hasegawa checking swarming eels before starting to work on them at a Japanese restaurant in Tokyo. Yesterday was the day known as Doyo-no-u--shi-no-hi, when the Japanese traditionally eat eels to maintain food health during the summer heat. Reuter
        Reuter  -  46 words
      • Article
        Lock icon KL futures exchange renamed
        59 3 Bloomberg Business News KUALA LUMPUR The nascent Kuala Lumpur Futures Eachange has changed its name to the Malaysia Monetary Exchange, it said yesterday. The monetary exchange and the other new financial derivatives market, the Kuala Lumpur Options and Financial Futures Exchange (Kloffe), are set to open
        Bloomberg Business News  -  59 words
      • Article
        Lock icon Relief in Jakarta over aid pledge
        65 3 AFP JAKARTA Indonesian officials have expressed relief over the U555.36 billion (SS7.S billion) pledged in aid from the Consultative Group for Indonesia (CGI) which met in Paris this week, news reports said yesterday. State Secretary Murdiono said it showed donor countries still had confidence
        AFP  -  65 words
      • Article
        Lock icon Taipei to continue UN drive
        46 3 AFP TAIPEI Taiwan will continue its drive to rejoin the United Nations despite protests by China, a foreign ministry official said here yesterday. But the official said Taiwan would be more careful in its approach to avoid further angering China. AFP
        AFP  -  46 words
    • Article
      Lock icon BOT to tighten rules on forex-based loans
      233 3 Knight-Ridder BANGKOK The Bank of Thailand will make local banks adopt stricter standards when booking foreign exchangebased loans to their clients as foreign currtncy assets, a senior official said here yesterday. The move will strengthen the banks' prudential positions, said Thirachai Phuvanatnaranubala, director
      Knight-Ridder  -  233 words
    • Article
      Lock icon HK Telecom cuts price of calls to North America
      242 3 Reuter HONGKONG Hongkong Telecommunications Ltd, its local monopoly ended and facing ambitious new domestic competitors, cut the price of telephone calls to North America yesterday. But it left charges on its main revenue earner, calls to China, unchanged. Charges on other
      Reuter  -  242 words
    • Article, Illustration
      Lock icon Squatters make a stand
      39 3 Reuter SEOUL Sooth Korean sqaatters barling rocks at coos tract ion roapany authorities yesterday to pmHt being forcibly rtowftd front their hones here. The sfaatters are itrswnrfm the pwincat compensate then for their reiocatioa. Reoter
      Reuter  -  39 words
    • Article
      Penang light rail system seen running by 2002
      205 3 PENANG Penang's Light Rail Transit (LRT) system is scheduled to be fully operational by the year 2002, according to a feasibility report submitted to the state government. 1 The Star newspaper quoting the report by Business Focus Sdn Bhd, said the Ms6so
      205 words
    • Article
      Lock icon Natuna islands are Indonesia's, says China: Alatas
      330 3 Reuter JAKARTA Indonesia said yesterday it was satisfied with China's explanation of its intentions following the publication of a Chinese map which included waters off* Indonesia's Natuna islands as Beijing's territory in the South China Sol Foreign Minister Ali Alatas told reporters after
      Reuter  -  330 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1408 3 AIRCRAFT ARRIVALS DEPARTURES QW* m«r Qiao AMMhi SQ26 1215 GAS90 0206 KL837 1460 ML838 2300 SQ324 2330 MM NZ21 1736 NZ22 1920 §935 »40 (MMm BM21 1106 SQ182 0915 SQIB1 1410 BM22 1210 BM2T 1720 BM38 1820 —*1 MZ906 1180 MZ907 1250 ■M* SQ6B 1140 TG402 0830 TG403 1156 SQ82
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      30 3 0 r \\T S TO SEJ?.OUSL>/ »NICONVIEh>ICMCe ME J V MIOCMTM iwwowm iW, WM-HM 9477 DOONESBURY GARRY TRUDEAU r— MAKB9JKB 5M557- I J£S£f Don'fc AiexMAperr I SfISL worry, dACKTOBB? hCn^/
      30 words
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  • REGION/WORLD
    • Article
      Lock icon ICI tumbles after US$400m damages award by US jury
      379 4 Reuter LONDON Shares in Imperial Chemical Industries pic tumbled yesterday on news that a Texas jury had awarded about US$4OO million (SSS6O million) in damages against the group's US explosives unit. The company said it was preparing to fight vigorously against
      Reuter  -  379 words
    • Article, Illustration
      Lock icon US and Japan agree on new air cargo routes
      263 4 Bloomberg Business News, Reuter LOS ANGELES The US and Japan agreed on Thursday to broaden access to air cargo routes through both countries, senior officials from the US and Japan said. Japan agreed to immediately grant Federal Express Corp rights to
      Bloomberg Business News,; Reuter  -  263 words
    • Article
      Lock icon US signs deal boosting Japan investment
      139 4 Reuter WASHINGTON The US and Japan signed a deal on Thursday aimed at helping foreign companies do business in Japan and thus boost their exports to the country. US officials said the trade pact will give American and other foreign firms wanting to invest
      Reuter  -  139 words
    • Article
      Lock icon BOJ admits economic recovery has stalled
      378 4 Growth in industrial output seen halting, housing investment peaking Bloomberg Business News TOKYO The Bank of Japan yesterday acknowledged the nation's economic recovery had stalled, with growth in industrial output halting and investment in housing and public projects peaking. In its quarterly economic outlook
      Bloomberg Business News  -  378 words
    • Article
      Wafer fabrication plants expanding as PC demand grows
      246 4  -  By Claire Leow SINGAPORE Strong demand for memory chips has kept prices steady, and is spurring new capital investments worldwide in wafer fabrication plants, says a new report by market research firm Dataquest Inc. In Singapore, both wafer fabrication plants which produce
      246 words
    • Article
      Tomorrow's election to deliver verdict on Murayama's coalition
      362 4  -  Fran Anthony Rowley in TOKYO JAPANESE voters go to the polls tomorrow for an election to the Upper House of the national assembly and are expected to register a further protest against the ruling coalition. This could make it wary of calling
      362 words
  • SHIPS IN PORT
    • Article
      AT CONVENTIONAL WHARVES
      464 4 ItaM ta tk >rt Anta O^tirtii ImgNrt (IT) bm il ixpde 22.07/1230 (IT) Mm J1 atoms* 22.07/2300 toi bang Jang 720 J12 atongada 22.07/1400 MMta V702 JW/ll Pomade 22.07/2300 On 6m 07/03/95 J21 atongstfa 22.07/2300 M| Ba 07/06/% J21 atongade 22.07/2300 Mta 07/07/95 J8 abrade 22.07/1300 I**
      464 words
    • Article
      CONTAINER SCHEDULES
      1628 4 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO beard M*|/Man Ms a» wtf m mm nm fw t> fti to 001 24/2359 1A 21/1500 21/1858 21/1J00 3 22/0700 22/1154 22/1400 4 22/1200 22/1450 22/1700 to Ml 24* 23/0700 IB 21/1500 21/1659 21/1900 3 22/0700 22/1159 22/1400 4 22/1200
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  • Article, Illustration
    Three key reasons why Barings lost its bearings
    3097 5 THE BARINGS REPORT Extracts from the conclusions of Bank of England's Board of Banking Supervision's report THE KEY questions are: how were the massive losses incurred? why was the true position not noticed earlier? Our conclusions, in summary, are: the losses were
    3,097 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Soaring Sesdaq counters come down to earth ahead of weekend
      624 6  -  Riport* by Ven Sreenivasan SINGAPORE Second-lin-ers that were the focus of frenzied activity this week came under selling pressure yesterday as punters squaredoff their positions ahead of the weekend. The UOB Sesdaq index, a commonly used barometer of interest for
      Source: Bridge Info  -  624 words
    • Article
      Seksun fails to release much-awaited interim results
      146 6 SINGAPORE Sesdaq-listed metal stamper Seksun Precision Engineering did not release its much-awaited interim results yesterday. Business Times understands that the company was prompted to delay the release of the results after being queried by the Stock Exchange of Singapore following a report in
      146 words
    • Article
      Mayfran's success seen as good sign for new IPOs
      259 6 SINGAPORE In what some brokers say could be a sign of better times for new share floats, bed linen maker Mayfran International's initial public offer has been well received. At the close of the IPO on Thursday, the Sesdaq-bound company's shares
      259 words
    • Article
      Freight Links placement shares snapped up
      158 6 SINGAPORE Investors have snapped up Freight Links Express Holdings 1 three million placement shares in just one day. The freight forwarder, which will be listed on Sesdaq, launched its initial public offer on July 18. Its manager, DBS Bank, has confirmed that the placement
      158 words
    • Article
      DBS joins Thai-led group in move for mutual fund licence
      424 6  -  By Loh Hui Yin SINGAPORE The DBS group is venturing into another fast-growing segment of the Thai economy. This time, DBS Bank has teamed with a group led by Thai Military Bank to vie for a coveted mutual fund management
      424 words
    • Article
      Asian oil refining stocks emerge from cold
      576 6  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE For many years, the oil refining business in Asia was either in the hands of the seven oil majors or socialis-tic-minded governments. Hence, investors were not able to directly participate in this exciting sector. The
      576 words
    • Article, Illustration
      F&N Coke clears hurdles on Ho Chi Minh City plant
      392 6  -  By Michelle Low SINGAPORE Fraser Neave has at last overcome snags to setting up soft drink operations in Vietnam's Ho Chi Minh City. A signing ceremony is scheduled for next week, when F&N Coca-Cola is expected to announce details of
      392 words
    • Article
      Focal Finance interim net profit up 17.7%
      232 6  -  By Shiv Taneja SINGAPORE OCBC Bank's Focal Finance, the first listed finance company to announce its half-year results, yesterday reported a 17.7 per cent increase in net earnings to $6.7 million for the six months to June 30. Analysts said the firm appeared
      232 words
    • Article
      MARKET MOOD
      19 6 For next week's expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finance A Investment section)
      19 words
    • Article, Illustration
      HOT STOCK
      73 6  -  By Shiv Taneja COMPACT Metal Industries has hit resistance at 70 cents. Daily and weekly RSI and Stochastics are in overbought territory, and a reversal is likely on the back of weakening volume. But support will be strong at 50 cents. By Skip Taneja NOTE: We strife to
      73 words
    • Article
      RDC lifts interim net profit nearly six-fold
      284 6  -  By Rahita Elias SINGAPORE Sembawang Corp subsidiary Resources Development Corp raised interim net profit almost sixfold to $6.1 million in the six months to June 30. The performance, announced yesterday, translates to a seven-fold jump in interim earnings per share to 24 cents.
      284 words
    • Article
      UOB gets Bombay office licence
      96 6 SINGAPORE United Overseas Bank has been granted a licence to set up a representative office in Bombay, India's commercial capital. UOB will be the second Singapore bank with an Indian presence DBS Bank set up a branch in Bombay in March. The bank said its
      96 words
    • Article
      Lock icon CASH has not appealed against rejected deal: source
      218 6 Reuter KUALA LUMPUR Malaysia's Construction Supplies House Bhd (CASH) has not submitted an appeal to the Securities Commission (SC) to reverse its decision on a rejected timber deal, a source close to the company said yesterday. Asked if the company has submitted
      Reuter  -  218 words
    • COMPANIES
      • Article
        Lock icon Merrill Lynch to take over Smith New Court
        431 7 US investment bank to pay £526 m for UK's biggest independent stockbroker Bloomberg Business News, Reuter LONDON Smith New Court pic said it has agreed to a takeover by Merrill Lynch Co for £526.3 million (551.17 billion), ending a two-week bidding contest
        Bloomberg Business News,; Reuter  -  431 words
      • Article
        Two Kuok Group firms join forces to develop property in Philippines
        298 7  -  From Al Labita in MANILA TWO companies of the highly diversified Kuok Group Pelangi Bhd and Kuok Philippines Properties Inc (KPPI) have teamed up to embark on targe-scale property projects in the Philippines, the Philippines Stock Exchange said yesterday.
        298 words
      • Article, Illustration
        Lock icon Swim suit
        53 7 Reuter LONDON Swimsuit-clad models with designer Liza Bruce (seventh from right) lobbying shareholders at the start of Marks and Spencer's annual general meeting yesterday. Ms Bruce alleges that Marks and Spencer copied one of her swimsuit designs and is threatening the company with a £5 million (5511.15 million)
        Reuter  -  53 words
      • Article
        Lock icon Nomura Securities1 first quarter profit up on strong bond sales
        293 7 Nomura Securities 1 first quarter profit up on strong bond sales Bloomberg Business News TOKYO Nomura Securities Co said yesterday its profits in the first quarter improved over the same period last year, aided by higher commissions from bond sales and efforts to cut costs. Japan's largest broker saw income
        Bloomberg Business News  -  293 words
      • OTHER RESULTS
        • Article
          Lock icon AT&T's second quarter profit up 13%
          125 7 Bloomberg Business News NEW YORK AT&T Corp said on Thursday that its secondquarter profit rose 13 per cent as an increase in long-distance telephone call volumes offset a loss at its ailing computer unit. AT&T said net inconffe rose to US$l.36 billion (Ssl.9 billion),
          Bloomberg Business News  -  125 words
        • Article
          Lock icon International sales boost Coke's results
          67 7 Bloomberg Business News ATLANTA Coca-Cola Co said on Thursday that its second«fluarter profit rose 18 per cent, meeting Wall Street's expectations, on strong international sales. Its net income rose to US$B9B million, or 71 US cents a share, from US$75B million, or 59 US cents,
          Bloomberg Business News  -  67 words
        • Article
          Lock icon McDonald's earnings exceed forecasts
          87 7 Bloomberg Business News OAK BROOK, Illinois McDonald's Corp's second-quarter net income rose 18 per cent, beating Wall Street forecasts, amid strong sales around the globe. The company said on Thursday that net income rose to U*****.7 million, or 52 US cents a share, from U*****.3 million,
          Bloomberg Business News  -  87 words
        • Article
          Lock icon Volume growth lifts drug company profits
          81 7 Reuter NEW YORK Helped by less aggressive demands for discounts from managed care organisations and strong sales of key drugs, big pharmaceutical companies reported stronger second-quarter profits on Thursday. Merck Co said its net income increased 12 per cent to US$B5B million from US$764
          Reuter  -  81 words
      • Article, Illustration
        Lock icon Apple's 3rd qtr profits lower than expected
        361 7 US corporate results Reuter PALO ALTO, California Apple Computer Inc's quarterly profits fell about 25 per cent, despite a brisk rise in shipments of its Macintosh computers, the company said on Thursday. Cupertino, California-based Apple said its earnings for its fiscal third quarter
        Reuter  -  361 words
      • Article
        Lock icon Britain's BTR plans A$4.5b takeover of Aussie unit
        386 7 Reuter SYDNEY British conglomerate BTR pic said yesterday it planned a takeover bid for its listed Australian subsidiary BTR Nylex Ltd which, if successful, would be the biggestcorporate takeover in Australian history. The bid values BTR Nylex, Australia's biggest non-resource-based manufacturing group,
        Reuter  -  386 words
      • Article
        Lock icon IBM to dress some software in Lotus wrapping
        239 7 NYT NEW YORK Eager to maintain momentum from its US$3.5 billion (554.9 billion) purchase of Lotus Development Corp, IBM announced on Thursday that it would fold several of its existing offerings into Lotus products and make the Lotus brand name the centrepiece
        NYT  -  239 words
      • COMPANY BRIEFS
        • Article
          Lock icon Ssangyong plans to raise Inchon stake
          93 7 Reuter SEOUL The Ssangyong Group said yesterday it has applied to the Securities and Exchange Commission (SEC) for the purchase of an additional 30 per cent stake in Inchon Investment and Finance Co from shareholders. Ssangyong, already the biggest shareholder with a 9.6 per
          Reuter  -  93 words
        • Article
          Lock icon Northern Electric allows new bid
          76 7 Reuter LONDON British electricity company Northern Electric pic said yesterday it would allow conglomerate Trafalgar House pk to make a fresh bid for it after Trafalgar pulled out of a first bid earlier this year. Trafalgar's earlier £11 per share bid valued Northern at £1.2
          Reuter  -  76 words
        • Article
          Lock icon Nestle's first half sales down 1.5%
          76 7 Bloomberg Business News VEVEY, Switzerland Nestle SA, the Swiss food producer, said first haJf sales fell 1.5 per cent to 26.9 billion Swiss francs (5532.6 billion) because of the franc's strength against other major currencies. At constant exchange rates, sales increased about 10 per
          Bloomberg Business News  -  76 words
        • Article
          Lock icon Gannett considering Multimedia bid
          74 7 Bloomberg Business News ARLINGTON, Virginia Gannett Co is weighing an 1 Ithhour US$l.6 billion (552.24 billion) bid for Multimedia Inc, according to executives close to the talks. The publisher of USA Today and other papers spoke with potential bidders earlier about acquiring Multimedia's 11 daily and
          Bloomberg Business News  -  74 words
        • Article
          Lock icon Firms considering interactive TV tests
          67 7 AFP TOKYO Toshiba, Matsushita Electric Industrial Co Ltd, Sony Corp and the telecommunications giant NTT are trying to develop television sets for programmes in which viewers participate, a Toshiba official said yesterday. "But it is not yet decided when the makers and TV networks will
          AFP  -  67 words
      • Article
        UNIT TRUSTS & FUNDS
        549 7 UNIT TRUSTS FUNDS Mm«IU prion Jul 22 A 24 Greater China Fd 0.95 0.99(8 Mendaki Or Fund 1.04 |.07» Mfapcr* UMI irast US Gr Fund 1.06 1.10 s The Commerce 1.59 1.68 llAB a i m The Savings Fund 1.54 1.63 UWB WMI "P Ltd S-pore Pro* Fund 0.63 0.67
        549 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Analysts downplay Greenspan's gold comments
        463 8 Fed not seen taking direct action to influence price Reuter NEW YORK Gold analysts in the US downplayed comments made on Wednesday by Federal Reserve Chairman Alan Greenspan reiterating his view that the Fed should monitor the price of gold. They said Mr Greenspan's comments
        Reuter  -  463 words
      • Article
        Bank Niaga branch raises US$20m through FRCDs
        156 8  -  By Soh Tiang Keng SINGAPORE The Cayman Islands branch of Indonesia's Baak Niaga has raised US$2O million (SS2B million) from the Asian dollar market through an issue of floating rate certificates of deposit (FRCDs). The five-year notes pay iaterest of 0.85 of a
        156 words
      • Article
        Lock icon Bank Bumi expects double-digit growth and plans to expand abroad
        278 8 AFP KUALA LUMPUR Bank Bumiputra Malaysia Bhd, Malaysia's second largest bank, on Thursday indicated double-dig-it growth for the year to March, and said it was eyeing Burma and Vietnam to expand its overseas operations. Officials of the state-owned bank said
        AFP  -  278 words
      • Article
        Lock icon Bank of Boston and Corestates said to be near merger
        343 8 Bloomberg Business News NEW YORK Bank of Boston Corp and Corestates Financial Corp are close to a merger agreement that would create the 12th-largest US banking company, investment bankers familiar with the accord said. The banks reached a preliminary agreement
        Bloomberg Business News  -  343 words
      • Article, Illustration
        Lock icon More flexible plastic
        73 8 PRNews Photo NEW YORK Dean Witter, Discover A Co has come up with some fresh ideas for its private issue credit cards. Cardholders can choose their own reward and interest rate options, billing date and even the look of their card. They may choose a card featuring
        PRNews Photo  -  73 words
      • Article, Illustration
        Greenback's still range bound against the mark
        396 8 DBS Bank weekly currency review US$/Dm: THE greenback recovered from losses last week to touch 1.4000 early this week. It fell again to 1.3720 by Wednesday, then edged upwards to trade around 1.3870 yesterday morning. Although we favour a resumption of the bearish
        396 words
      • Article
        Lock icon Lack of demand may push oil down
        321 8 Reuter LONDON Sickly world oil markets, languishing at 10month lows, could slip even further as growing supplies of crude meet disappointing demand, analysts said yesterday. But prices are highly unlikely to threaten last year's subUS$l3 lows, they said. "Market confidence was broken during
        Reuter  -  321 words
      • Article
        Lock icon Currency Reports:London
        192 8 Reuter LONDON The US dollar enjoyed a steady performance against the mark and yen during the European session but continued to Find upside barriers impenetrable. It made solid ground overnight amid continued intervention by the Bank of Japan only to be thwarted just short of 1.3900 marks and
        Reuter  -  192 words
      • Article
        Lock icon New York
        102 8 AFP NEW YORK The US dollar gained against other major currencies yesterday in auiet trading marked by cover buying ahead of the weekend. At 10:30 am, it was trading at 1.3865 German marks, up from 1.3810 on Thursday and at 88.60 yen from 88.10. The US dollar was
        AFP  -  102 words
      • Article, Illustration
        Untitled
        1310 8 Trade- *eifhted index cakviaMt ajfojnsf Spore's lap 14 trading pannen Bate year. /M 5 US$/S$ forward rates Nooo Jul 21 S$ BU OOar 1-month 1 3® 7 2 I.JW7 2-month I 39)1 3-month 1.3929 1.3944 6-month ***** 1*72 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am m
        1,310 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars end firmer, Euroyen easier
        1352 9 Reuter SINGAPORE Simex Eurodollars were firmer while Euroyen futures were easier at the close. Dealers said Eurodollars were firmer on position-adjustment ahead of the weekend. "The market saw some buying back after the jump in weekly jobless claims overnight," said a trader. He said market
        Reuter  -  1,352 words
      • Article
        Tin price eases in line with LME
        670 9 COMMODITY REPORTS KLTte Kuala Lumpur Tin price on the Kuala Lumpur Tin Market eased three sen to M$ 15.38 per kg in line with the lower gain on the London Metal Exchange overnight. Three-month tin on the LME closed US$5O lower. At the
        670 words
      • Article
        Thailand covers Aug gas oil
        71 9 SINGAPORE The Petroleum Authority of Thailand has covered its gas oil requirements for August delivery with a recent purchase of 30,000 tonnes of Thai-grade gas oil, a PTT source said. The cargo was bought from a Japanese trading house at a low premium of 75
        71 words
      • Article
        Thai gold demand to soar
        56 9 TOKYO Strong demand is expected to boost domestic prices of gold in Thailand in coming months, according to press reports, largely due to strong jewellery demand. Local gold prices are expected to rise in Thailand to 330 baht per gram by January from 307 baht
        56 words
      • Article
        China cotton output seen up
        56 9 HONGKONG Price incentives initiated by the Chinese government to boost cotton output have encouraged increased plantings in major producing provinces this year. Sources forecast total Chinese output at 22.5 to 23 million bales for 1995-% (Aug-July) on the acreage increase. China's cotton production for 1994-95
        56 words
      • Article
        Japan-Taiwan steel duel
        61 9 TOKYO Japanese steel makers are struggling to maintain current export prices of stainless steel to China, Taiwan and other Asian countries, but arc being underbid by Taiwanese producers and offers of cheap material from Europe, industry sources say. Soaring demand for steel in Asia has caused Japan's
        61 words
      • Article
        Water shortage hits Aussie sugar
        37 9 SYDNEY Cuts in water allocations for two of Queensland state's three major irrigated sugar producing areas are likely to decrease Australia's raw sugar production in 19% compared with 1995, industry sources say.
        37 words
      • Article
        COMMODITY PRICES
        1419 9 SICOM Futures (Mwn dMiag m at 5.3tpa) KSS I Cwrtract (S cents/kg) CTok Volume Open Month High Low Sett (tonnes) Interest Aug 95 181.00 50 375 Sep 177.00 176.00 v 177.00 500 2375 Oct 174.50 172.50 174.50 50 2025 Nov 174.50 172.50 174.50 50 2100 Dec 174.50 172.50
        1,419 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1013 10 +45.3 SHARES soared 2.2 per cent to an 11-month high yesterday, lifted by industrial want BTR Nylex stock after its British parent's bid to take over 100 per cent of the offshoot. "On the back of the BTR takeover news the market certainly moved ahead strongly, mainly in the
        1,013 words
      • Article
        Manila
        597 10 +44.29 Philippine share prices closed higher, ignited by expectations of lower interest rates and the rise of the Dow Jones and market leader Philippine Long Distance Telephone Co in New York overnight. "Initially, the reason was the Dow Jones and PLDT but later, news that domestic interest rates will
        597 words
      • Article
        Taipei
        502 10 +10.98 Taiwan share prices firmed 0.2 per cent on bargain hunting after plunging nearly 7 per cent in two days in response to aJiuid-ed-missile exercise by China that was to begin yesterday. A trader said the week-long missile exercise 140 km off the north coast of Taiwan posed only
        502 words
      • Article
        New Zealand
        216 10 +24.91 Shares finished the week on a firm note, but volumes were light with many market participants attending Telecom's annual shareholder meeting, or heading to Auckland for today's rugby Test. The NZSE-40 Capital Index rose 24.91 points, or 1.19 per cent, to 2,120.94. "Sentiment changed overnight, things look
        216 words
      • Article
        Bombay
        129 10 +2.48 Shares on the Bombay Stock Exchange fluctuated narrowly before ending at their previous levels, brokers said. The 30-share BSE Index moved between 3,443.19 and 3 410.52, closing 2.48 points higher at a provisional 3,443.19. The National Index also ended steady at a provisional 1,595.49 against 1,596.71 points. "The
        129 words
      • Article
        Seoul
        423 10 +3.1S Share prices closed 0.3 per cent higher on the Korean Stock Exchange in directionless trading, brokers said. "Stocks advanced broadly but otherwise it was a featureless day," said one. The Composite Price index was up 3.1S points to close at 964.56, as investors favoured low-line stocks over blue
        423 words
    • WORLD STOCK MARKETS
      • Article
        London
        811 10 +12.7 BLUE chips closed higher, helped by renewed bid-relat-ed activity and Wall Street's efforts to recover from the week's two-day sell-off, dealers said. "There are clearly still a couple of bids in the market and that's keeping a cap on sellers," said one. "I don't see us much worse
        811 words
      • Article
        Paris
        150 10 +2.91 French shares finished barely higher, with the market pulled down by a lacklustre performance on Wall Street and operators taking profits ahead of the weekend and settlement on Monday, traders said. The market had traded higher in the day but gave up most of the gains after New
        150 words
      • Article
        Frankfurt
        209 10 +17.53 German shares were quietly holding earlier gains in postbourse trade. Mild declines on Wall Street were causing little concern. The 30-share Dax Ibis Index closed up 17.53 points at 2,201.86, a rise of 16.96 from last week. In post-bourse trade the DAX Index rose 13.02 to 2,196.54. Carmakers
        209 words
      • Article
        Milan
        164 10 169 Italian shares held strong gains through the session, buoyed by better-than-ex-Ected July provisional intion data which showed a year-on-year rise of 5.6 per cent against market forecasts of 5.9 per cent and 5.8 per cent in June. "It is very strange that just about every analyst got the
        164 words
      • Article
        Toronto
        250 10 -7.8 Stocks slid slightly in a quiet market as market observers awaited news from the Ontario government's fiscal statement at 1100 EDT. The TSE-300 Composite Index fell 7.8 points to 4603.6 on volume of 60 million shares with a value of Cs9o million. Of Toronto's 14 sub-in-dices, eight lost
        250 words
      • Article
        New York
        699 10 •7.04 Stock prices turned narrowly mixed in heavy trading early yesterday. The Dow Jones Industrial Average, which rebounded 12.68 points on Thursday, was down 7.04 points to 4,634.51 at 11 am EDT. The New York Stock Exchange Composite Index was ahead 0.14 to 296.50, while Standard Poor's 500-stock
        699 words
      • Article
        Amsterdam
        271 10 +2.49 Shares closed higher, cutting back early gains on overnight Wall Street strength as the Dow headed lower late in the Dutch session. Dealers said volume grew towards the close as investors covered options expirations. 'There wasn't that much happening this morning, Wall Street was good last night, the
        271 words
      • Article
        Stockholm
        134 10 -6.68 Swedish stocks fell in the week for the first time in five weeks. The benchmark OMX Index of 30 leading stocks fell 6.68 points, or 061,1 yester( ay to Instrumental in that decline was telecommunications company Ericsson. Already weakened 4.2 per cent this week by a drop in
        134 words
      • Article
        Zurich
        253 10 +5.4 Swiss shares closed slightly higher in quiet trade. Dealers said yesterday's options and futures expiry on SofTex was easily digested. The firmer US dollar also helped. They said the Swiss interest rate outlook was positive and this should push prices higher next week. The blue-chip Swiss Market Index
        253 words
      • Article
        Untitled
        569 10 Brussels J«l M hm 8 FORWARD MARKET Aibad 4340 00 10.0 ■nm A 4 BO 00 40 Cm Pacific 495 00 -11.0 Cocfc-Sunbrc Pnv 191 00 -1.0 DcBwnCot 702 00 udi Forin AO JIJJOO 25 0 GB-lnao-Bm 11*4 00 -10 0 GBL 1*40 00 -40 0 CcMisk Soak *170 00
        569 words
      • Article
        Johannosburg
        369 10 -20.1 South African shares closed mostly lower in cautious trade, taking their lead from a static Dow Jones Industrial Average overnight and a lower bullion price, dealers said. "We expected the Dow to bounce a bit harder than it did. Everyone's a bit cautious now," said a dealer. Industrials
        369 words
    • Article, Illustration
      Lock icon HONGKONG
      2377 11 Reuter, AFP HONGKONG Shares ended lower in anaemic trade, mainly due to preweekend apathy, dealers said. The Hang Seng Index was down 12.97 points or 0.14 per cent to 9,410.23. Turnover dropped sharply to HK52.79 billion from Thursday's adjusted HKS4.I2 billion. Dealers said there was a mixture of bargainhunting
      Reuter,; AFP; Source: Bridge Info  -  2,377 words
    • Article, Illustration
      Lock icon CHINA
      423 11 CLSA THE CLSA Hongkong H Index fell 0.6 per cent or 6.67 points to 1,143.70 on turnover of US$B.l million. Shanghai Petrochem was the most heavily traded stock, falling one per cent on turnover of US$4.3 million. The best performances came from Dongfang Electric (up 3.5 per cent) and
      CLSA  -  423 words
    • Article, Illustration
      Lock icon TOKYO
      2443 11 Bloomberg Business News TOKYO Stocks climbed, led by electronics shares, on optimism that the weakening yen and falling interest rates will boost Japan's sagging economy. "We think the dollar will continue up so it is a good time to 90 after exporters' shares," said 1 an equity analyst. Stock
      Bloomberg Business News; Source: Bridge Info  -  2,443 words
    • Article, Illustration
      Lock icon BANGKOK
      1373 11 AFP BANGKOK Thai share prices dropped 22 per cent in moderate trading yesterday due to fears of inflation and a lack of positive news. "Local investors took profits as the market lacks positive factors to support trading, and the mood worsened on a report that inflation has reached 5.4
      AFP; Source: Bridge Info  -  1,373 words
    • Article, Illustration
      Lock icon JAKARTA
      1137 11 Reuter JAKARTA Share prices ended slightly higher in moderate trading on buying of some blue chips despite late profit-taking, brokers said. The Composite Index rose 3.30 points, or up 0.69 per cent, at 510.93 after reaching the day's high of 512.30. Brokers said blue chip Tjiwi Kimia rose 325
      Reuter; Source: Bridge Info  -  1,137 words
    • Article
      CLOB INTERNATIONAL
      2219 12 Gr Gr l«S Lm Vai Dn Lm Qm Dk VH M MQ| Um Ci ii| U SMt CM*) H%» Lar Maya Sik O P'E M MMAYSMN STOCKS 470 IN ABO 50C JO* A 211 M JH JH HI 10 -19 0.2 195.9 127 TtJ AMDS 30c 106 -J
      2,219 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Index dips as talk of poor results hits Telekom
        6478 12 Reuter, AFP KUALA LUMPUR and Construction and Supplies-House (CASH) stocks were among leading losers in a day weakened by profit-taking, brokers said. Play continued to focus on lower-line stocks but the mood was subdued ahead of the weekend, they said. "We
        Reuter,; AFP; Source: Bridge Info  -  6,478 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7533 13 I*""**" 0 Or Or M Wl IM Vri lh| IM QaaM Mr Mr VH Nd Cap A*| H||k U« Can Salt (W) Hlpk Lat Rayar Sdbr Co ft M W Mr —HIT1ML Mm CIWOCML m Ml mi Acaa 50c 4M 40 «W 4M 404 4M IZJ 54 14 9.7 4414
        7,533 words
      • Article, Illustration
        Lock icon Hotel stocks active on Marco Polo report
        1904 14  -  By Paul Leo SINGAPORE Hotel stocks jumped to life yesterday as investors revalued the land they are sitting on while second liners came under profit-taking pressure. A Business Times report that Marco Polo Developments has obtained planning approval to tear down its 603-room
        Charts by Bridge Info; Source: Bloomberg  -  1,904 words
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      177 6 NEWS VALUE Creative silent ever Ng's exit; Market abuzz (Pg 1) Silence is not golden in this case ANA Hotels shares surge SI cauts ea ceaversiea ramiuri (P8 I) Believe ANA when it said it did not know why its snare price soared TalekouTs half-year net profit ap 13.6% (pg
      177 words
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      140 7 BUSINESS TIMES TOLL-FREE TEL. No. 1-90Q-741-1883' FAX: 741-1298 PRIMEEAST SECURITIES 1 (HK) LIMITED Career Opportunities in Hong Kong Sales Executive Regional Dealer As a young but expanding regional brokerage, we are looking (or suitably qualified candidates to 1) Sell 2) Deal in Hong Kong and South-East Asia Securities:Candidates must have:-
      140 words
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      24 8 For furthv tnformalton on which newsstands cany Her World. Go, Singapore Business, Home Decor, Young Paranla, ptoasa cal our Customer Sarvteas Section on 1800-749-2577.
      24 words
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      256 9 TOLL^REBTE^n^MW^l^^oBBSS^^ A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute. IN THE MATTER Of THE COMPANIES ACT. CAP 80 ANOM THE MATTER OF [1] AOEUMN MVEBTMENTS PTE LTD ON UQmOADON) WJELOIA INVESTMENTS PTE LTD (IN UOUKJAnON) tmAnypfnwa NOTICE IS HEREBY QIVEN, tfwt pureuant
      256 words
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      Page 9 Advertisements Column 2
      20 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      45 11 The venue of this year's Berita Harian Treasure Hunt Where is it? Do you know where the Berita Harian Treasure Hunt will be hekJ? You ought to. BBS '°Sr esfprtaat fin (asjnoo jo 'euuefl puty JA*suy) «TOYMWSTr<ruMTiUMu' ANOTHER EXCLUSIVE EVENT ORGANISED BY SINGAPORE PRESS HOLDINGS
      45 words
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      117 13 Vote your favourite Ist I To participates, send in your contest fonn with Select your T n U a 7-_L,„ Gerald Genta 3rd Prizd 3 LiaiiheZaobao mastheads f avo rite s*iW»i:**»«t Lianhe Zaobao headline Mm watAvnxil M J tatixt /t,«« AA watch worth i locked Bag OiS, MacPherson Road Post
      117 words
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      76 14 h >~-v* v.'" 4 Twe Deluxe Summer Sojourn, an affordable indulgence. v !?»«<? our Singapore Sales Office on 339 8811 HOW to find out about our special summer offer*. MANDARIN ORIENTAL HONG KONG SM Mandarin Oriental: 5 Ccmnaught Road, Central, Hong Kong. Telephone: 2522 0111 Faceimile: 2810 6190 'thffgtdtafHnkhaftbttMd TOLL-FREE
      76 words
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      Page 14 Advertisements Column 2
      411 14 Singapore Closing Share Ptlcm 21/07/1996 clom mm low mm jHV r -n 1 w w w w ■SwM fi! OJM mts Q. 44 044 M« IS PiAtahed by Jardne Raring International Securities Limited (Incorporated in British Virgin Island) NOTICE NOTICE IS HEREBY GIVEN that, I KANG SEOW PENG of 16
      411 words
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  • Executive Lifestyle
    • Article, Illustration
      Is golf losing its swing?
      1677 15  -  In Japan, the game of golf seems to be losing its popularity. Is the same thing happening in Singapore, where already some industry players are sensing a slowdown in the craze that started 10 years ago? Shahiron Sahari reports Shahiron Sahari IF SUCH a phenomenon
      1,677 words
    • STRAWS IN THE WIND
      • Article
        Stretching costs
        91 15 THE Great Singapore Sale is on, but not according to one shopper who related over the radio how she went to this lighting shop one week before the sale and bought a lamp for $56. When she happened to return to the shop during the sale, she was
        91 words
      • Article
        It had to be Hugh
        37 15 HERE'S a joke being told in the US: The Department of Education recently announced a new programme to provide financial assistance to schools teaching adult sex education. It's called... the Hugh Grant.
        37 words
      • Article
        Stub it out
        18 15 HERE'S an innovative antismoking message spotted in a taxi: "Seatbelts provided, but not a chimney.**
        18 words
      • Article
        Bright and breezy
        45 15 ITS AMAZING the kind of chatter that radio deejays come up with all the time. The other day, a deejay said: "Weatherwise, it's going to be XX degrees tomorrow. How interesting.** And he sounded as if he found Singapore's weather genuinely interesting.
        45 words
    • VIEWPOINT
      • Article, Illustration
        Cultural chameleon
        2500 16  -  Lynn Pan, director of the Chinese Heritage Centre, is British by nationality but Shanghainese at heart. She talks to Vikram Khanna about the overseas Chinese experience and why Chinese-American writers tend to be more American than Chinese He the raffles CONVERSATION A fortnightly series supported by Raffles Hotel
        2,500 words
      • Article
        Reviving a lost heritage
        589 16 A RE THE overseas Chinese increasingly looking to explore their ethnic roots? "Yes," says Lynn Pan, emphatically stretching out the word. Why are they doing it? Partly, it's a generational thing, she explains. "In some countries America, for instance the first generation of Chinese were poor
        589 words
    • OPINIONS
      • Article, Illustration
        Barings affair puts City's reputation at stake
        580 17  -  LETTER FROM LOUDON NEVILLE STACK The writer is a political commentator based in London. He writes regularly for BT THE Chancellor of the Exchequer, Kenneth Clarke, is playing for high stakes when he addresses the explosive question: "Is the Bank of England up
        580 words
      • Article, Illustration
        Don't let housing market turn into a casino
        570 17  -  LETTERS TO THE EDITOR Steven Lauw 1 REFER to the letter from Thomas Chong and the reply by Trevor Rymell (BT, July 15, 1995). Residential property prices in Singapore have been skyrocketing over the past two years or so and in the
        570 words
      • Article
        Medium-sized projects will suit utility company
        131 17  -  Jonas Kuliang WITH considerable interest, I read the two articles on Singapore Power by Genevieve Cua and S N Vasuki respectively (BT, July 14, 1995). Before I came to the last part of Mr Vasuki's article headlined "Will Singapore Power Go For Top Pricing?",
        131 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          Lock icon BT SENTIMENT INDEX (July 24 – 28)
          571 18 BT SENTIMENT INDEX (July 24 28) Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, BZW, Credit Lyonnais, Daiwa, Fraser, Kay Hian James Capel, Nomura, Phillip and WI Carr. Buy! Schroder Securities (July 21) Renong Bhd. Renong is the largest and best politically
          Figures denote number of respondents  -  571 words
        • Article, Illustration
          In my opinion...
          352 18  -  Hugh Peyman Managing director Kleinwort Benson Research (Asia) 4 t A Vf ALAYSIA'S |\/l plantations -L A could very well become the Malaysian investment story of 1995. For the first time, development profits are becoming significant and increasingly so at all the plantations. Even with high commodity
          352 words
      • Article, Illustration
        F&B companies draw smart money
        875 18  -  THE WEEK By Joyce Quek IT MAY be a $10 company now but keep an eye on The Beverage Company of Asia (TBC). This 60-40 venture between the listed Auric Pacific Group and Beacon Investments highlights yet another Yeo in the beverage business. He is
        875 words
      • Article, Illustration
        Lock icon Market looks set for steady growth
        788 18  -  Eye on the region: Indonesia By David Chang The writer is head of research at PT Sigma Batara ALONG with other Asian stock markets, Jakarta was caught up in a euphoric bull run which has temporarily mitigated the painful experience of some investors. To
        Source: Bridge Info  -  788 words
      • Article, Illustration
        Understanding derivatives the practical way
        511 18  -  Book Review _By PAUL LEO, Publisher The Law Company Ltd jPK 1 No of pages: 1,476 Price: $195 IMAGINE a conversation between a Conservative and a Liberal. One is called Fixed; the other. Floating: Fixed: Heard you sold lots of collars today, pretty neat and
        511 words
      • Article, Illustration
        Petronas Gas: a natural winner?
        1055 19 Its float has sparked big interest among investors, but is it worth a buy at all price? S N Vasuki reports PETRONAS Gas Bhd, a subsidiary of Malaysian national oil company Petronas, has announced a massive share flotation that has generated tremendous interest Since the
        1,055 words
      • Article, Illustration
        Lock icon Small-cap stocks have allure, but don't buy yet
        1003 19  -  The cycle for better relative performance may be a little way off just yet, says Peter Churchouse Peter Churchouse The writer is managing director of Morgan Stanley Asia EXAMINING the performance of small and larger capitalisation segments of the listed companies of
        Source: Datastream, Morgan Stanley Research  -  1,003 words
      • Article, Illustration
        Manager of top Malaysian fund MECGF shares his secrets of success
        782 19  -  By Shiv Taneja IN THE 12 months since its July 1994 launch, the Malaysian Emerging Cpmpanies Growth Fund (MECGF) has outperformed every other Malaysian country fund in the business, to say nothing of its performance against the KLSE Composite
        782 words
    • Article, Illustration
      The best of the worst
      857 20  -  Criwwni Review By SHAHIRON SAHARI HOWARD D Wood Jr was in 1980 voted worst director of all time, which is no feat considering the countless 309»bs, disasters, flops and Z-graders in considerable history of English-lan-cinema. an award, however, has since cat«lted Wood into the realm
      857 words
    • Article, Illustration
      Channels of miscommunication
      658 20  -  By SUSAN TSANG R$D, the last part of Krzysztof Kieslowsk/s Three Colours trilogy, is also famous because the Polish director has said he *nded*his filmmaking career with it. Based the French flag, each instalment comes •vith its own tricolour theme liberty 'l|(jue), equality (White) and now, fraternity.
      658 words
    • Article, Illustration
      Winged wonders
      1090 20  -  The Stuttgart supercars are finally here in Singapore. Samuel Ee admires Porsche's 911 Carrera RS and test drives the 911 Turbo Samuel Ee THEY' re very fast, they're completely street-legal and they're probably the most desirable cars under four litres. I am, of course, referring to Porsche's 911
      1,090 words
    • Article, Illustration
      Free news in a jiffy
      688 21  -  WeSSshts By John Lui John Lui works in computer administration at Singapore Press Holdings. THERE'S loads of free news on the web. Sports, current affairs, lifestyle and of course business news it's all there. The Singapore Business Times Online (http://www.asia 1 .com. sg/bt/pages/bt.ht ml), for
      688 words
    • Article, Illustration
      Moving with the times
      764 21  -  Corinne Kerk visits Patek Philippe's headquarters in Geneva and finds Switzerland's oldest family-owned watchmaker determined to marry!) ■traditional craftsmanship with technology Corinne Kerk THE PATEK Philippe headquarters and showroom in Geneva's Rue du Rhone is as plush and luxurious as the watches it makes. But don't
      764 words
    • Article, Illustration
      A close watch on exclusivity
      620 21 JEAN-JOSEPH Jacober talks fast and thinks fast. He is quick with his responses and aggressive in ha approach not at all a bad thinp for a man who is chief operating officer at Patek Philippe —a job which no doubt requires a strategist to battle
      620 words
    • EPICURE
      • Article, Illustration
        Bastiani's comes of age
        635 22  -  B«n Appetit By JAIME EE A LITTLE more than a year ago, when the Mediterranean was more of an exotic travel location than a source of great food, J P Bastiani opened its doors at Clarke Quay. It was chic and it served great bread, but
        635 words
      • Article, Illustration
        That cheesecake phenomenon
        643 22  -  Jaime Ee finds out what's behind the long queues at Sogo Food Hall Jaime Ee FOR a long time, I'd been trying to memorise the four "Cs" that are supposed to epitomise the typical Singaporean's measure of success Credit card, Condominium, Car, Country Club membership. Now that
        643 words
      • Article, Illustration
        Tea-time treats at the Hyatt
        481 22 AS A PLACE for a nice, leisurely high tea where peace and conversation are more important than the actual spread of goodies, Hyatt's Scotts Lounge is a good choice. Acres of food is not its main virtue, since you can make two tripe with two
        481 words
      • Article
        Superstar of Saint-Emilion
        789 22  -  Wine By N K YONG CHATEAU Angelus (or L'Angelus) in Saint-Emilion is, to use an American expression, on a roll. Officially a Grand Cru Classe Chateau, it is performing far above its class, rather like Chateau Lynch Bages in Pauillac. L'Angelus was not the original name. The
        789 words
    • Article, Illustration
      CINEMA
      1027 24 Aa Awfaßy Hg Adwtwa. Mike Newell and Hugh Grant, who gave us 4 Weddings, follow it up with a sour look at a stupid girt who joins a theatre, where everyone is a predator. R(A). Lido, Jade Classics: 11; 1.30; 4; 6.30; 9. Antoaia Aad J ana. Jane is
      1,027 words
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      Page 15 Advertisements Column 1
      110 15 SINGAPORE V, ,*'<? .T BUSINESS |?GivinsYbu fftcii I 1 j^^^^^^BbSSS' I I H^^l I^9^ I IJH^* f I I L Hs I V r *v'- 1 m I i B I IT 1 1 V V<] F B m 1 k I Qk 1 I r m 1 ml m
      110 words
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      195 17 God bless Singapore, beacon to a crime-ridden world I VACATIONED in wonderful on retiring there, since I will be Singapore and I want to tell you, retiring in October. I wish I could have stayed. God bless you Singapore... America and the world should be like Singapore. Judith Mc Van
      195 words
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      447 23 The World's i i Favourite Beer, where to wine, dine and entertain L WORLO S LARGEST SELLING BEER J > j s y Mm FftCSCA GOLD MIVUffM CARD GattrMtmie Elw\ MHT e io% off f«r eatli piywent l njHRk •5% »ff for aradit frfuni J wIU it ill Piiti f
      447 words
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      Page 23 Advertisements Column 2
      239 23 "10itjh Qea JLtartjL at sJCiiif li Qloen Don'l miwi our dcliciouh Hifth Tea Buffet available from \1 UtMl lu SpJll every weekend. Price: $13.80 (adull) $8.80 (child) A La Carte Menu Ik also available. All pri<v» .in? lo lII* *tvkv i hdiyc. XT/ IS lyNWnWHUlUkdlkly i2*l' A 7372,11 BOiJ^RD 200
      239 words
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      Page 23 Advertisements Column 3
      358 23 DIALECT HI-TEA M Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our Dialect Hi-Tea also includes karaoke at Singsation Theme Karaoke. Hi-Tea
      358 words
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      Page 23 Advertisements Column 4
      361 23 The Day You Dine At Tripi F 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts Call us now to make your reservations at 831 6271/2.
      361 words
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  • Page 24 Miscellaneous
    • Miscellaneous
      Page 24 Miscellaneous Column 1
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