The Business Times, 18 November 1995

Microfilm: NL20493
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 194/12/94 85. SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, NOVEMBER 18-19,1995
    14 words
  • Article
    MARKET SUMMARY
    69 1 Q W77.41 (-11.88) n BTOOMP Minus (-9.85) D MMH.9I) 9T0CK MAIKBT IXDfCES Mhy amm 8TB *877.41 -II* KLSECOMP 888.91 -&.W NIKKEI 18,141.It +111.64 HANG SENG .-78.75 SET INDEX 1,116.18 +*1.56 JAKARTA COW. ***** .-S.S« MANILA COUP ijS84.«8 -tlM TAIPEI WPI 1586.88 -7t» SEOUL OOMP 868J6 +18.41 BOMBAY BSE*)...
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  • Article
    FINANCE
    71 1 EXCHANGE BATES uss ss U8» 1.412 S 1.557 2.19S DM 0.712. 1.006 *m 9.981 1.989 Ml 9JK 0.558 HKS 9.129. J9.189 BAirr .0.949 9.969 RUP1AH 199 .9.944 9.992 FUME BATES SINGAPORE* 144 KUALA LUMPUR. 7.16 JAKARTA 17.10 BANGKOK lit* MANILA 11.W HONGKONG Ml TAffB SYDNEY.._ W.7S TOKYO 1M SEOUL
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  • Article
    IRAS to keep closer watch on tax dodgers
    625 1  -  More staff to be hired to monitor property transactions and GST, personal income tax returns By] Diana Oon [SINGAPORE] The Inland Revenue Authority of Singapore (IRAS) Is hiring more staff to keep tabs on property speculators and people who try to dodge
    625 words
  • Article, Illustration
    Acma shelves deal to cut its stake in Paradigm
    299 1  -  By R Sivanithy [SINGAPORE] Diversified engineering firm Acma, which has been in the news lately following a series of deals with high-tech US companies, said yesterday the latest such deal involving a placement of shares in associate Paradigm Technology had fallen
    299 words
  • Article
    Remisiers' society protests SES search at DBS Securities
    248 1 Letter says incident caused 'confnsion and nnh&ppiness' [SINGAPORE] The Society of Remisiers has sent a letter of protest to the Stock Exchange of Singapore over recent "searches" by SES inspectors on remisiers. In a Nov 16 letter to SES chairman Chua Kim
    248 words
  • Article
    Lock icon Coloured diamonds set world records
    170 1 Reuter [GENEVA] Pink and blue diamonds, especially prized in Asia and the Middle East, set world record prices at auctions this week, signalling strong confidence in the gem market, auction houses said yesterday. A successful sale of the stunning jewels of Princess Salimah Aga Khan,
    Reuter  -  170 words
  • Article, Illustration
    Lock icon Manhattan? Disneyland? Gotham City?
    42 1 NO, right here in Singapore. The brightly lit Orchard Parksuites, Far East Organisation's js recently-opened service apanment complex at Orchard Turn, looms above the trees along Grat& Road and catches the eye of many a passer-by. CHRIS LOH
    CHRIS LOH  -  42 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      146 1 ill BIDE //uH ii&qS From newspaper hawkers to newsmakers, the Harilela family built a global empire from their headquarters in Hongkong. Now with 1907 approaching. Hari Harilela, chairman of the Harilela Group, the richest Indian in Hongkong who is also an adviser to China on Hongkong affairs, tells why the
      146 words
    • Advertisement
      Page 1 Advertisements Column 2
      94 1 v*i ►31 >s I It takes more than money TO WEAR THE ROYAL OAK. For the past twenty years, some of the most successful and admired men and women have chosen to wear the Royal Oak. A watch like no other. Distinctive. Exclusive. Uniquely designed. And quite simply in a
      94 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Residential units marketed a third below projections
      385 2  -  Extra supply will be carried over to 1996 and may keep prices in check By Abdul Hadhi THE latest figures from the Urban Redevelopment Authority show an underlying factor holding up private residential property prices the number of private residential units marketed in
      BCRUZ  -  385 words
    • Article
      BG Lee: S'pore needs balanced cabinet
      502 2  -  Ministers settle differences of opinions through discussions By, Agnes Wee SINGAPORE needs a balanced team of ministers with a range of personalities, backgrounds and perspectives, said Deputy Prime Minister Lee Hsien Loong. BG Lee, who was interviewed by Malaysian current affairs weekly Massa on
      502 words
    • Article
      Baring Futures (S) to be wound up
      342 2  -  Court order comes after scheme to pay third-party creditors falls through By< Catherine Ong BARING Futures (Singapore) was ordered to be wound up by a High Court yesterday after a scheme of arrangements to pay off third-party creditors in fUll fell through. Justice
      342 words
    • Article
      PSA assures shipping lines about new agreement
      255 2  -  By] Rahita Elias THE Port of Singapore Authority (PSA) yesterday reassured shipping lines that conditions to be stipulated under a new service agreement would hold for the full two years of the contract. In a statement issued yesterday, PSA clarified concerns raised by
      255 words
    • Article, Illustration
      Kudos for Singapore's R&D efforts
      373 2  -  But MNC officials urge govt to tackle labour shortage By Kenneth James TECHNOLOGY chiefs from 13 major multinationals yesterday gave Singapore a glowing R&D report card but also marked out key areas for improvement The Republic scored high marks for strategy, infrastructure and research links
      373 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      85 2 The Boston Consulting Group Management Consultants The Boston Consulting Group is pleased to announce the opening of its Singapore Office The Boston Consulting Group Pte. Ltd. 4 Robinson Road #04-00 Commercial Union House Singapore *****3 Tel: (65) 439-5500 Fax: (65) 536-8608 > v V*; V\ Amsterdam Brussels Frankfurt Kuala Lumpur
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      439 2 THE WEATHER Singapore! Showers over a few areas in the morning and over several areas in the afternoon. Temperature (24-31) AMmNo HVLo* OhmL Bsrope HVLo* Oood. Awurtna BVLf OumL Auriland I*l2 Showers AKntoa o*o4 Cloudy Aflaala 14/06 Cloudy Bangkok 1114 Cloudy Attn 21/12 Omty Bu«o«A*w 24/13 Ooudy Bete Mtt Ooudy
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index (Nov 20-24)
        684 3 Those polled for their views on the Singapore stockmarket's outlook the week ahead are: Baring, Fraser Securities, GK Goh, Deutsche Morgan Grenfell, Phillip, Credit Lyonnais, Merrill Lynch, SBC Warburg, WI Carr, Peregrine. Bnjr! OPE: Share price did not reach the level 0f65-70 US cents (91-98
        684 words
      • Article, Illustration
        In my opinion...
        381 3  -  Steve Davies Mmgtng director HQ Aria Securities (Sbgtpore) Pte Ltd i i URRENT market i wisdom has it V.X that the Malaysian economy is overheating: inflation and interest rates have further to rise, and amongst other things, the current account deficit is unmanageable. Over the last few
        381 words
    • Article
      Let beta do the picking
      676 3  -  The stock volatility tool is used here to pick 20 Malaysian shares but the writer warns that it is a double-edged sword By] Lewis Mitchell [SINGAPORE] THERE is no doubt the long-awaited rebound in Malaysian counters will happen, although exactly when is uncertain. We will
      676 words
    • Article
      Foreign investments up 53% in Philippines
      603 3  -  BYE ON THE REGION: MANILA First-half figures show investments from Asia falling sharply By < Conrad Raj [SINGAPORE] Total foreign investments in the Philippines went up by 53 per cent to over 38 billion pesos (Ss2 billion) in the first half of this year
      603 words
    • Article, Illustration
      Successful traders are made, not born
      510 3 [NEW YORK] In 1983 and again in 1984, a group of young trainees known as the "turtles" were recruited in an experiment designed to prove that great traders are made, not born. The experiment, according to Barron's, a Dow Jones financial weekly, was the
      510 words
    • Article
      Property stocks could be due for a re-rating
      604 3 HDB resale prices expected to provide support for housing market [SINGAPORE] Property stocks may yet have their day. Although there has been a spate of bad news on residential property prices, things may not be as bleak as they are made out
      604 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      85 3 JACKPOT AGAIN!! This counter appeared for a record of seven JWkX consecutive weeks on our speculative index /PjV jAJ before it was suspended. /-tjjnal the triggering indicators that matters.* Introducing our new Penny Index. y Main Board <i SESDAQ counters. 1. Stock Performance Guide The premier all Malaysian Companies Data
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  • REGION
    • Article, Illustration
      Can 'face'save Apec?
      610 4  -  AFHC DfSIOHT Pride may spur members to adhere to free-trade deadlines By Yang Razali Kassim AS Asia-Pacific leaders began arriving here for the third Apec summit, their ministers put Apec on higher gear towards becoming a free-trading community by 2020. They formally announced the adoption of a
      610 words
    • Article
      Philippines to open up economy further
      340 4  -  KUALA LUMPUR Plan for new laws to allow foreigners to buy industrial stocks, says Congressman By] Ho Kay Tat SEVERAL laws to open up the Philippines economy even more to foreign investors will be passed soon, a Filipino politician told a one-day conference in
      340 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1338 4 CITY FU6HT ETA FLI6HT ETD S0I75 1910 VW740 J4W AtfalaMa Of061 1930 Of082 2050 Hatyal MI893 2000 TG408 0820 A—an RJ187 0130 T6407 2105 W894 1630 Amstardam KL843 0545 GA896 0130 Hlrojbtaa S097T 1720 S0978 0145 SO346 2330 Ho CM VN741 1310 VN740 1410 S0025 0645
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    • Article, Illustration
      Murayama aims for a symphony that is music to all ears
      486 4  -  OSAKA A tough job but Japanese PM may well surprise everyone By Yang Razali Kassim WHEN Prime Minister TomiIchi Murayama convenes the Osaka summit tomorrow, he will be the first Japanese premier since the last world war. to preside
      486 words
    • Article
      Lock icon Rules to stop state firms falling into foreign hands
      253 4 BEIJING Reuter LARGE strides taken by foreign Investors in buying shares in Chinese state enterprises have prompted officials to draft new rules to prevent a haemorrhage of government property, officials said here yesterday. "We are drafting regulations governing foreign purchase of
      Reuter  -  253 words
    • Article
      Lock icon Renong unit to fight land owner in court
      245 4 KUALA LUMPUR Bloomberg Business News A SUBSIDIARY of the powerful Renong Group will defend itself in the High Court on Tuesday against a property owner that does not want Renong to take over its land under Malaysia's eminent domain law. Honan Plantations
      Bloomberg Business News  -  245 words
    • Article
      Lock icon Aussie unions step up action against CRA
      153 4 USYDNEY Reuter TALKS to end a bitter industrial dispute which has crippled Australian ports broke down yesterday, escalating strike action across the country. As union leaders walked out of talks with CRA Ltd, the mining giant at the heart of the dispute, unions
      Reuter  -  153 words
    • NOTE Book
      • Article
        Lock icon Roh's aide in jail as well
        87 4 AFP [SEOUL] A close aide of former president Roh Tae Woo followed him into jail yesterday in a massive corruption scandal rocking South Korea, as prosecutors said "four or five" business tycoons would be next. Commentators, meanwhile, expressed the hope that "like in Italy"
        AFP  -  87 words
      • Article
        Lock icon HK$400b foreign reserves for HK
        52 4 Reuter [BEIJING] China will allow Hongkong to hold foreign reserves equivalent to HK$4OO billion (Ss73 billion) after it recovers the British territory in 1997, a Chinese official said yesterday. The reserves are necessary to ensure Hongkong remains a financial centre after the 1997 handover, the
        Reuter  -  52 words
      • Article
        Lock icon NSW govt asked to hand over files
        110 4 AFX-Asia [SYDNEY] The Independent Commission Against Corruption has asked the New South Wales state government to hand over files relating to its Sydney Showground deal with Rupert Murdoch's Fox Studios, the Sydney Morning Herald reported yesterday. The paper said the files are believed
        AFX-Asia  -  110 words
      • Article
        Lock icon India may halt share float
        76 4 AFP [NEW DELHI] India may not float more shares of state-run firms in the fiscal year to March 1996 following disappointing bids offered for four glittering companies in October, officials said on Thursday. "The government is under no compulsion to sell the shares of public
        AFP  -  76 words
      • Article
        Lock icon China has more than 22m private firms
        47 4 Reuter [BEIJING] More than 22 million private firms have opened in China since its communist rulers launched reforms in 1979. The number of medium-scale enterprises, those with eight or more employees, soared by 37 par cent between 1961 and 1994.—Renter
        Reuter  -  47 words
      • Article, Illustration
        Lock icon Recognising fake money
        52 4 AFP [BEIJING] An employee of a local finance organisation in Wuxl city in eastern China's Jlangsu province teaching paaserbys how to recognise counterfeit money yesterday. Counterfeiting is rife in China, with more than eight million yuan (US$l.4 million) being discovered in Jiangsu province in the first 10
        AFP  -  52 words
    • Article
      Lock icon China seeks to tighten loans control
      178 4 BEIJING Reuter CHINA'S State Council has issued a notice ordering state departments and local governments to reinforce controls on international commercial loans. The notice yesterday said the State Planning Commission would outline the general scale of annual loans. The People's Bank of China, the
      Reuter  -  178 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      48 4 HIGH QUALITY EUROPEAN HOUSEWARES: A. HUH!—■ Austrian Crystal Glassware B. French Ovenware C. fjmijLLaay French Cookware D. BSHE3BBW Swiss Kitchen Accessories e. WII I'llil N M BSBEBU Sunday November 19 10am to 4p* 47 Jalan Pemimpin 3rd Floor V OVER 90% RANGE FROM $2 TO $20 CASH CARRY!
      48 words
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  • REGION/WORLD
    • Article, Illustration
      An autumn of discontent
      630 5  -  LETTER FROM WASHINGTON US govt's shutting down could mean slow death for Washington By Leon Hadar IT'S the end of the first week of the Great Government Shutdown of 1995, and as 200,000 federal workers in the US capital continue to stay at home and as
      630 words
    • Article
      Lock icon Clinton will veto budget bin
      166 5 WASHINGTON Reuter THE White House yesterday said President Clinton would veto the Republicans' latest stop-gap spending plan as the biggest government shutdown in federal history entered its fourth day with no end in sight. White House spokesman Mike McCurry said that when the funding bill
      Reuter  -  166 words
    • Article, Illustration
      Lock icon Al Fayed's attempt to save Today spurned
      272 5 LONDON News International closes daily, vows to keep The Times going Reuter NEWS International, the media organisation led by Aus-tralian-born Rupert Murdoch, said it was closing its daily newspaper Today despite a last-ditch rescue bid by Harrods chairman Mohamed A 1 Fayed. News
      Reuter; REUTER  -  272 words
    • WORLD Watch
      • Article
        Lock icon Russia's US$32.5b debt rescheduled
        46 5 AFP [FRANKFURT] Russia and some 600 private banks agreed on Thursday to reschedule U5532.5 billion (5545.8 billion) in Russian debt over 25 years, said Deutsche Bank, head of the creditors' committee. Hie agreement is the product of four years of negotiations. —AFP
        AFP  -  46 words
      • Article
        Lock icon US pledges to rejoin Unesco
        71 5 AFP [PARIS] The United States on Thursday promised to rejoin Unesco as soon as its finances permitted. "The US membership in Unesco remains on my list of priorities for the future," said US President Bill Clinton. The US left the United Nations Educational, Scientific and
        AFP  -  71 words
      • Article
        Lock icon Yeltsin in hospital till end of November
        58 5 AFP [MOBCOW] Russian President Boris Yeltsin, who was hospitalised three weeks ago for heart trouble, will probably have to remain in hospital until the end of this month, the Kremlin said yesterday. "This is based on the opinion of doctors—that he should complete
        AFP  -  58 words
      • Article
        Lock icon Croatia,Serbia draft agreement
        49 5 AFP [ZAGREB] Croatia and Serbia have drafted an agreement normalising bilateral relations, Croatian President Franjo Tubman said yesterday. It will be signed after an agreement is made on Bosnia and a decision has been made to lift international sanctions against Belgrade, Mr TudJman told Croatian television.—AFP
        AFP  -  49 words
    • Article
      Lock icon Stricter rules for money markets
      215 5 KUALA LUMPUR Bank Negara to cut the number of principal dealers to 15 or less from 23 AFP MALAYSIA'S central bank said yesterday it would soon be more stringent in selecting principal dealers in the local money market following complaints of foul play. Bank Negara
      AFP  -  215 words
    • Article
      Lock icon American, BA eye marketing tie-up
      198 5 ■LONDON Bloomberg Business News AMERICAN Airlines and British Airways may forge a codesharing agreement, the first step in a long-term plan to create a powerful transatlantic alliance, analysts said. The airlines, among the industry's bitterest rivals, are weighing the move as a way of responding
      Bloomberg Business News  -  198 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      28 5 f "Hi l TJWWjIPBIT fj The Allied Phillip Asia Pacific Growth Fund. Introductory offer ends 22 Nov. '95. Call 1800-535-3522 Allied Phillip capital management limited Standard ft Chartered
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      43 5 POONESBURY GARRYTRUDEAU MR\ SfgAKBF.THeFe ...AS ARB TH£MAJOR. POIHtY HBCK, V** HAS &5N A RZMARKABL& GORPORAIB POUMTBR9 HzBL-NO NO' L J£^ CONSSNSUS BUIUT UPOV6R. FAm MM THeAMEM_ you AFB CHAMPIONING SHAME, THE LAST 20 VEAR&ON 7 CAN PEOPLE... WfTH THESE DR&APFUL BfTHBR* < tfti fcbJp
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  • COMPANIES & MARKETS
    • Article
      SSL to raise $532m from bond and warrant issue
      437 6  -  The low-gearing company will nse the proceeds to finance projects in S'pore and overseas By Paul Leo [SINGAPORE] STRAITS Steamship Land (SSL), which has one of the lowest gearings among listed property companies, yesterday said it would borrow a whopping $532
      437 words
    • Article, Illustration
      Lum Chang buys London hotel for £22.2m
      343 6  -  By Michelle Low [SINGAPORE] The Lum Chang group has become the latest in a line of Singapore investors to buy a London hotel property. Lum Chang Hotels, the newly-created subsidiary of listed Lum Chang Holdings, yesterday said it would spend £22.18 million (5548.6
      343 words
    • Article, Illustration
      Lock icon Sembawang Maritime to provide for a $2.4m loss
      240 6  -  By\ Rahita Elias [SINGAPORE] Sembawang Maritime Ltd (SML) will provide for a loss of $2.4 million in 1995 on two pipe-laying contracts carried out in 1990 and 1991. It told the Stock Exchange of Singapore yesterday it had been unsuccessful in arbitration
      Source: Bloomberg; BCRUZ  -  240 words
    • Article
      NOL affiliate Lorenzo to expand share offer by 12%
      407 6  -  Philippine shipping line expects earnings to surge to 159 m pesos in 1996 From, Al Labita tn Manila A PHILIPPINE affiliate of Singapore's listed Neptune Orient Lines yesterday expanded the size of its planned initial public offer (IPO) by 12 per
      407 words
    • Article, Illustration
      No end to Hopewell's woes
      741 6  -  BOGS LOCK SIBW By SN Vasuki a~W" DON'T dance to the tune of I fund managers or anaI lysts," said Gordon Wu last I week. "I dance to the tune 1 of the bankers." If newspaper reports are to be believed, Mr Wu's bankers are
      741 words
    • Article
      Times Publishing's earnings slide 34.6%
      279 6 [SINGAPORE] Times Publishing yesterday reported a 34.6 per cent fall in earnings for the year to Aug 31, dragged down by a drastic decline in income from funds under management. Net earnings were $19.4 million on a one per cent rise in turnover to $479.2
      279 words
    • Article
      JC-MPH interim net profit falls 35% to $5.1m
      318 6 But two new acquisitions boost turnover by 27% [SINGAPORE] Jack ChiaMPH last night announced a 35 per cent drop in group net earnings to $5.1 million for the half-year to Sep 30. The group attributed the setback to lower contribution from associated
      318 words
    • Article
      Bukit Sembawang's interim net earnings rise sharply to $2.9m
      230 6 (SINGAPORE] Bukit Sembawang Estates yesterday reported a hefty rise in net profit to $2.97 million for the six months ended Sep 30. The profit was seven times more than that for the same period last year. Turnover of $6.86 million was
      230 words
    • REGIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Gadjah Tunggal profit up 17%
          71 7 (JAKARTA] Tyremaker PT Gadjah Tunggal's profit rose 17 per cent in the first nine months of the yser In a period when world rubber prices rose sharply. Sales increased 35 per cent to billion rupiah (***** million) while net profit roee to 77.66 billion rupiah
          71 words
        • Article
          Pengkalen buys rest of Tiffany Hampers
          41 7 [SINGAPORE] Pengkalen Investments has increased its stake in Tiffimy Hampers and Gifts ffom 80 to 100 per cent by acquiring 120,000 shares from Richard Leong WaiWeng. The purchase price is not expected to exceed mm
          41 words
        • Article
          Long Joo quits CDL audit committee
          44 7 (SINGAPORE) Kwek Leng Joo has resigned as a member of the audit committee of City Developments, effective Nov 16. The committee now comprises chairman Chee Keng Soon ami members Foo See Juan, Han Vo-Ta and Tang See Chint
          44 words
        • Article
          Falmac can't explain active trading
          47 7 [SINOAPORJ6) Knitting machinery maker Falmac told the Stock Exchange ofSingapore it is unaware of the reason (hr the unusual market activity to Its shares yesterday. Another firm that was queried about activity in its shares, First Engineering, gave a similar reply, f
          47 words
        • Article
          Econ's Brunei unit expands capital
          31 7 [SINGAPORE] Econ International's Brunei subsidiary SeringMaju has increased its paid-up capital from 8550,000 to Bs2Boyooo with the allotment and issue of 200,000 shares of BH each.
          31 words
        • Article
          CDL group to laucnh Auckland property
          38 7 (SINGAPORE) CDL Hospitality Management Services and international developer Goodland Gmip will launch their NZ$63 million <Sss7 million) Victoria Suites Auckland this weekend. Prices for the freehold suites range from NZ5276,000 to NZ5668,000.
          38 words
      • Article
        Kotjo consortium's general offer for L&M fails
        277 7 Shareholders predictably spurn offer given higher market prices [SINGAPORE] As expected, the general offer by an Indonesian consortium for main-board-listed L&M Group Investments has failed. Shareholders holding shares representing a measly 0.2 per cent of L&M's capital accepted the offer from the group
        277 words
      • Article, Illustration
        MAS' net earnings leap 43.2% to M$139m
        528 7  -  Better-than-ezpected interim results posh earnings per share np from 14 sen to 20 sen From] Ruth Wong in Kuala Lumpur MALAYSIAN Airline System Bhd (MAS) yesterday posted a 43.2 per cent jump in interim group net earnings to M 5139.47 million (5577.7 million),
        528 words
      • Article, Illustration
        Borneo Motors gets new MD to replace Ghafoor
        243 7  -  By i Christopher Tan [SINGAPORE] Eddie Ng Yuk Cheung will take over the helm of Inchcape Bhd's whol-ly-owned subsidiary Borneo Motors from veteran motor trader Ghafoor Rawtaer. Mr Ng, 46, who was with the Inchcape Group's Hongkong, Macau and Australian motor operations
        243 words
      • Article
        OCBC Bank gets strong ratings from Moody's
        273 7  -  Aa2, Prime-1, B+ ratings same as those for DBS Bank, UOB By Shiv Taneja [SINGAPORE] OCBC Bank, the last of the Big Four local banks to be rated by international agency Moody's Investors Service, has been awarded Aa2 and Prime-1 for its long-
        273 words
      • Article
        Ong & Co sacks six analysts on probation
        181 7 Ong Co sacks six analysts on probation [SINGAPORE] Broker Ong Co yesterday dismissed six probationary research analysts from its Singapore and Kuala Lumpur offices. Responding to a Bloomberg Business News report on the dismissals, an Ongco spokesman said: "All six were still on probation and the management told them their
        181 words
      • Article
        GPE Ind ends debut up a mere 2.5 US cents
        153 7 [SINGAPORE] Electronics and cable maker GPE Industries made a disappointing debut on the main board yesterday. Optimists had speculated that the stock would show a big premium on its offer price of US$O.45 but it closed just 2.5 US cents
        153 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Sony sees revenues from Internet
        377 8 Accord with Visa to create Sony Station selling the electronic giant's products and services Reuter [NEW YORK] Sony Corp of America and Visa USA announced an agreement on Thursday for a multi-faceted entertainment, information and transaction environment on Sony's World Wide Web site on the
        Reuter  -  377 words
      • Article, Illustration
        Lock icon Microsoft shares fall on Goldman forecast
        265 8 Bloomberg Business News [NEW YORK] Microsoft Corp shares fell 4.4 per cent on Thursday after a prominent Wall Street analyst suggested that the company faces a "serious threat" from Internet software companies. Microsoft shares closed down 4Vfc at 89% in Nasdaq trading of 12.2
        Bloomberg Business News; FRANCIS  -  265 words
      • Article
        Lock icon Air New Zealand to buy 50% of Ansett Airways
        287 8 As42sm deal involves TNT selling its stake in Ansett in two phases Reuter [SYDNEY] Australian transport firm TNT Ltd yesterday said it had agreed to a twophase sell-out of its 50 per cent stake in Australia's domestic and international carrier Ansett
        Reuter  -  287 words
      • Article
        Lock icon Honda's global first half profit down one third
        200 8 Bloomberg Business News (TOKYO] Honda Motor Co said global profit dropped more than one-third in the first half as falling sales overseas overcame surging sales in Japan. The carmaker still raised its full-year earnings forecast, however, citing the successful launch of new
        Bloomberg Business News  -  200 words
      • GLOBAL Briefs
        • Article
          Lock icon Time Warner merging music, film sectors
          56 8 Bloomberg Business News [NEW YORK] Time Warner is merging its music and film operations and Michael Fuchs, chairman of Home Box Office and the Warner Music Group, is leaving the company. Robert Daly and Terry Semel will head the merged company. Jeffrey Bewkes will
          Bloomberg Business News  -  56 words
        • Article
          Lock icon Northwest adopts poison pill plan
          102 8 Reuter [MINNEAPOLIS] Northwest Airlines said on Thursday its t board adopted a shareholder rights plan to thwart a suspected hostile takeover attempt by its alliance partner, KLM Royal Dutch Airlines. Under the plan, Northwest will issue the right to purchase one-hundredth of a share of
          Reuter  -  102 words
        • Article
          Lock icon Isetan posts 31% leap in interim profit
          54 8 AFP [TOKYO] Japanese department store operator Isetan Co said yesterday its pre-tax profit jumped 31 per cent from a year earlier to 1.2 billion yen (5516.6 million) in the six months to September. Its sales sagged 1.3 per cent to 192.8 billion yen
          AFP  -  54 words
        • Article
          Lock icon CBI board refects US$2.1b Praxair bid
          58 8 Reuter [CHICAGO] CBI Industries on Thursday rejected a US$2.l billion (512.96 billion) takeover bid by industrial gas maker Praxair Inc, calling the offer inadequate and saying it is exploring alternatives to increase shareholder value. But analysts said CBI, a carbon dioxide and industrial gas
          Reuter  -  58 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        639 8 Vessel Voy No Brth Arrhul Departure JVMfNit (in C+tyi Boot Jl ataiqiM* *n/0200 (IT) MMaur Jtya S14 Jl (tonqvOt WIV0600 (BT) *8-283? Jl Donga* 18.11/1030 (IT) R8-4269 J1 Jtans** *lVWOO (ID SM-S345 Jl *on«w>« *11/1400 Mm Humi 11/05/95 J2 *11/2300 Boturui BSC J2/3 <tonqsnt« *11/0700 Bum Putri tVM/95
        639 words
      • Article
        CONTAINER SCHEDULES
        1545 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclnq/BaUnct Rstls Ship Voy No Etb/Btr P*rtod Fro* To From •Man 2M If/0700 IA 17/500 17/559 17/1900 a/oToo a/is9 a/uoo 4 N/1200 a/U59 a/1700 fesM* «5 MM* 4 a/1200 M4M a/1700 Hm MM MM 5 17/800 win 17/500 i a/0700
        1,545 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Lock icon Bank Negara borrows one month at 6.5%
          58 9 Reuter [KUALA LUMPUR] Bank Negara borrowed one month money at 6.5 per cent yesterday, maintaining a rate it established late last month. The central bank has been borrowing all this week at the same rate. Bank Negara last raised the one-month rate on
          Reuter  -  58 words
        • Article
          Lock icon Rating for three Indian banks
          65 9 Bloomberg Business News [BOMBAY] The Bank of India, Central Bank of India and Bank of Baroda have had their long- and short-term deposits rated "Bal" and "Not Prim*" by Moody's Investors Service. The ratings are based on the banks' 100 per cent government ownership, their
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Pacific Bank starts rupiah remittance
          39 9 AFP [KUALA LUMPUR] Malaysia's Pacific Bank, through a pact with Indonesia's Bank Bali, yesterday launched an Indonesian rupiah remittance service to cater to the rapidly rising number of Indonesians working in the country. —AFP
          AFP  -  39 words
        • Article
          Lock icon Manila disqualifies Cargill from tender
          47 9 Reuter [MANILA] The Philippines has disqualified US grain trader Cargill Inc from a 50.000-tonne corn tender it had just been awarded, the National Food Authority said. The. disqualification came after a Cargill representative sought to change the terms of the tender. Reuter
          Reuter  -  47 words
        • Article
          Lock icon Tocom ups margin on Nov rubber futures
          83 9 Reuter [TOKYO] The Tokyo Commodity Exchange (Tocom) said it has raised the margin requirement on the November rubber futures contract by 10,000 yen per trading lot, effective yesterday. The move lifted the margin requirement on the November rubber contract to 157,750 yen, Tocom
          Reuter  -  83 words
      • Article
        Lock icon Talks on Chinese banks' late payments
        147 9 FT [PARIS] International bankers are to hold talks with Chinese banks amid concerns that some of them are failing to honour letters of credit on time. The Banking Commission of the International Chamber of Commerce, the business organisation, resolved this week at its twice-yearly
        FT  -  147 words
      • Article
        Lock icon Citicorp's fraud suit against Bankers Trust put on hold
        252 9 Bloomberg Business News [NEW YORK] Bankers Trust New York Corp has won a ruling that puts on hold a US$243 million (*****.6 million) fraud suit Citicorp filed against it in February. Reversing a March decision in Citicorp's favour, the appellate division
        Bloomberg Business News  -  252 words
      • Article, Illustration
        Lock icon Greenback lacks clear direction
        430 9 USS/nuuiu The US$ consolidated between 1.4069 and 1.4215 in the first two days of the week before dipping to 1.3970 on Wednesday. It recovered to 1.4120 the following day and was seen trading around 1.4050 yesterday morning. The technical picture favours a short-term upmove with resistance
        Source: DBS Bank; ALLAN  -  430 words
      • Article
        Lock icon Fed to rate banks' risk control
        436 9 Central bank move comes in the wake of Barings and Daiwa scandals Reuter [WASHINGTON] Bank examiners will start rating banks' management in January on what controls are in place to avoid pitfalls such as those faced by Barings and Daiwa Bank, the Federal Reserve
        Reuter  -  436 words
      • Article
        Lock icon CURRENCY REPORT
        160 9 Reuter, AFP liftndffn THE dollar drifted down after another blip above 102 yen but it is still basically rangebound in thin trading with dealers sidelined ahead of developments in the US budget stalemate, dealers said. Rate cuts in France and the Netherlands have fuelled expectations of near-term German
        Reuter,; AFP  -  160 words
      • Article, Illustration
        Lock icon Daiwa to go on trial in US court on March 6
        167 9 AFP [NEW YORK] The US trial of Daiwa Bank was scheduled for March 6 during a preliminary hearing here on Thursday. No key Issues were raised at the brief hearing in which the bank was represented by its American
        AFP  -  167 words
      • Article
        Lock icon Derivatives give central banks key information, says Buba
        223 9 Reuter [FRANKFURT] The Bundesbank says derivatives markets, often vilified for exacerbating market turmoil, provide a service to central banks by highlighting the expectations of financial markets. In its November report, the Bundesbank said that "with their help, more information is available over
        Reuter  -  223 words
      • Article
        Lock icon China in deal to finance and develop Iraqi oilfields
        277 9 ENERGY REPORT Reuter [BAGHDAD] China and Iraq have signed an oil deal under which Beijing wUI finance and develop Iraqi oilfields, the official al-Iraq newspaper reported yesterday. It said Oil Minister Lieutenant General Amir Mohammed Rasheed concluded the agreement during his
        Reuter  -  277 words
      • Article, Illustration
        Untitled
        1234 9 IHTKMBAMK CUERBWCT RATES 4pm, Novn AfrtlSt S$ Dfiinst |)S$ Against S$ Against U$$ Currencies BW Offer BM Off4f Carrencies Bid Offnr M Offer French franc 29.1048 29.1344 4.8445 4.8480 Local dollarn to one unit of foreign currency: Hongkong dollar 18.24 18.26 7.7330 7.7340 Australian dollar ***** ***** 0.7410 0.7415 Indonesia
        1,234 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        706 10 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market ended five sen higher at M 515.69 Per kg yesterday on better buying sentiment. Dealers said this was brought about by the higher close on the London Metal Exchange of US$lO. Bids amounted to 110 tonnes while offers
        706 words
      • Article
        Lock icon SIMEX Report
        948 10 Reuter [SINGAPORE] A flurry of short-covering activity helped Simex Japanese government bond (JGB) futures end the week on a firm note after Thursday's decline, with dealers expecting the December contract to test 122 next week. A trader said interest was focused on rumours that the Bank of Japan
        Reuter  -  948 words
      • Knight-Ridder Commodity Summary
        • Article
          Robusta differentials firm
          61 10 [LONDON] Differentials for robusta coffee from most origins are holding Arm thanks to a tightness in nearby supplies and despite a relative lack of activity on the second-hand market. However, traders point to a possible softening in differentials early next year once more coffee becomes available. Differentials
          61 words
        • Article
          Vietnam signs fuel deal with Kuwait
          62 10 [KUWAIT CITY] Vietnam has signed a preliminary agreement to purchase almost 600,000 tonnes of fuel from Kuwait. The contract, signed on Thursday, marks Vietnam's first long-term petroleum products purchase from Kuwait. Vietnam's state-owned Petrolemex agreed to buy 500,000 tonnes of diesel fuel and 80,000
          62 words
        • Article
          Indons to review coffee retention plan
          96 10 [JAKARTA] Members of the Association of Indonesian Coffee Exporters (AEKI) want a review of the retention scheme imposed by the Association of Coffee Producing Countries (ACPC), reported the Jakarta Post. AEKI members had complained about the programme's cost in terms of stock depreciation, storage
          96 words
        • Article
          S Korea's oil products exports up 45%
          74 10 [SEOUL] South Korean oil products exports, excluding bunkering for foreign ships but including sales to US military in South Korea, rose by 45 per cent to 11.52 million barrels in September from 7.94 million a year ago, the Korea Petroleum Association said. Products
          74 words
        • Article
          Hebei record grain output likely
          49 10 [HONGKONG] China's Hebei province is expected to produce a record of 26.75 million tonnes of grain this year, the official Xinhua News Agency reported yesterday. The province planted 6.83 million hectares of grain this year, up from 6.80 million in 1994, the report said.
          49 words
        • Article
          Japan planning edible oil price hikes
          119 10 [TOKYO] Japan's two largest edible oil producers are planning to hike wholesale soyoil and canola prices by about 10-12 per cent in the current fiscal half-year to make up for higher soybean prices and a lower yen. Honen Corp, Japan's largest soyoil producer, and
          119 words
        • Article
          Pipeline closure little impact on prices
          66 10 [LONDON] The scheduled closure of the Ventspils gas oil pipeline for 7-10 days from Monday is expected to have little impact on gas oil prices in northwest Europe. Although the closure will reduce Russian product exports from Ventspils by around 50 per cent with
          66 words
        • Article
          Indian food grains stock up
          80 10 [NEW DELHI] India's state-run food agencies held 30 million tonnes of rice, wheat and coarse cereals as of Oct 1, compared with 27.46 million a year earlier, Food Minister Ajit Singh said yesterday. He said the stocks were higher than the minimum required level of
          80 words
      • Article
        COMMODITY PRICES
        987 10 8IOOM FUTURES Nov 17 WWII tfltarw cloitoq n it BP 1 COtTtUTfl r>il»/W) ttau VoImm ftiw ft lH 22tM gj£ S&g MJjO tilM firiiO 202S ***** SateS*"" S4» moo m Mo 9075 ocVdk9« zzuo woo Wl > ttwlSr -Jg too S Is B8 £8 K8 m »S if*
        987 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2299 11 +21L64 STOCKS rose to their highest level in more than three weeks led by banking and brokerage shares, as investors applauded initiatives by some banks to accelerate writing off bad loans. A Japanese daily said Fuji Bank and Hokkaido Takushoku Bank will write off a larger amount of their
        2,299 words
      • Article
        Sydney
        631 11 +13.6 Shares closed higher, with widespread industrial unrest around the country largely countering any flow-on effects of a record high on Wall Street. The All Ordinaries Index rose 13.6 points to 2,119.7. The All Industrials climbed 23.1 to 3,149.8 while the All Resources gained 6.2 at 1,343.3. Turnover was
        631 words
      • Article
        Manila
        397 11 -27.32 Stocks fell to their lowest level in almost eight months, led by oil refiner Petron Corp, after the central bank raised interest rates to defend the peso against speculative attacks and fight inflation. "It's going to get a bit more painful," said a trader. "Everyone's waiting for the
        397 words
      • Article
        Taipei
        355 11 -7120 Stocks plunged to a threemonth low, led by falls in electronics and electrical machinery shares amid heavy selling by institutional players. "Investors' sentiment was depressed as they saw the prices of blue-chips, particularly integrated circuit manufacturing companies, continue to fall," said a broker. The 321-issue Weighted Price Index
        355 words
      • Article
        Seoul
        527 11 +18.41 Stocks rose after four days of declines on expectations that the scandal based on former President Roh Tae Woo's illegal slush fund would soon be resolved with his arrest. Roh was arrested on charges of accepting US$3OO million in bribes from 30 companies during his 1988-1993 term. He
        527 words
      • Article
        Wellington
        370 11 -10.0 Shares were mixed as forester Fletcher Challenge sank to a 5Vi month low after a number of analysts downgraded their forecasts of forestry companies' profits. "The forestry sector is out of favour at the moment and people are coming out of Fletchers," said Paul a broker. Air New
        370 words
      • Article
        Bombay
        90 11 -40J5 Shares finished broadly lower in nervous trading undermined by fresh problems with Reliance shares. The 30-share BSE Index was down 40.15 points at a provisional 3,103.03. Tht 100-stock National Index dropped 20.05 to 1,408.37. "More problems with Reliance shares rattled the market," said a dealer. "It cast a
        90 words
    • WORLD STOCK MARKETS
      • Article
        London
        584 11 ♦39.4 Weaker-than-expected economic news reinforced hopes for a cut in UK interest rates, possibly this year, driving the FTSE 100 to new record highs. Another surge on Wall Street added to the upward pressure on UK shares and the index finished up 39.4 points at 3,610.8, its all-time best.
        584 words
      • Article
        New York
        781 11 +5.42 +5.42 Stock prices were slightly higher in brisk late morning trading yesterday, despite a lack of fresh economic news. The Dow Jones Industrial Average, which jumped 46.61 points to its highest close on record on Thursday, was ahead another 5.42 to 4,974.78 at 11am EST. Analysts noted
        781 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        304 11 ItMHT t* UM ««r *p »<•» Itevf? Mm Mmmm |yM| d|H| ClMi CIUMI Q «j u it t CATt I74J M U U M OA J.T IVM SMJ O' M V M 1U Pi* ?U4 ai 41 M M -l? r>M NU M -il 44
        304 words
    • Article, Illustration
      Lock icon HONGKONG
      2477 12 Bloomberg Business News n Ham Seng '7175 HONGKONG stocks were little changed as a drop in Hopewell Holdings and bank shares overpowered an early rise in some property and utility shares. Hopewell suffered the biggest loss among stocks in the Hang Seng Index for a second day, as investors
      Bloomberg Business News; FRANCIS  -  2,477 words
    • Article, Illustration
      Lock icon CHINA
      685 12 Reuter QShanghai ß Shire Index -0.44 SHANGHAI B share index ended at its lowest close in six months on weak investor confidence. The index lost 0.44 of a point to end at 50.47, off an intra-day low 0f49.96. It was the lowest closing level since May 10. Volume was
      Reuter  -  685 words
    • Article, Illustration
      Lock icon JAKARTA
      1052 12 Bloomberg Business News Q Composite lain -£56 INDONESIAN stocks fell for a fourth day, led by a 5 per cent drop in the shares of international phone company Indosat. Indosat plunged to a record low as investors decided it was overpriced relative to the market's newest stock, Telkom. The
      Bloomberg Business News; BCRUZ  -  1,052 words
    • Article, Illustration
      Lock icon BANGKOK
      1199 12 Reuter FlSCTIndq +2L51 THAI stocks staged a slight comeback after recently hitting a new 6-month low and closed 1.8 per cent higher amid buying of blue-chip stocks in the banking and finance sectors. The SET Composite Index rose 21.56 points to 1,196.18 on turnover of about five billion baht.
      Reuter; ALLAN  -  1,199 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Foreigners liquidate on currency fears
        6887 13 KUALA LUKPURReports Bloomberg Business News n Composite Index -5J3 MALAYSIAN stocks fell for the eighth time in 10 days, as foreign funds sold shares in major companies on concern a widening trade deficit will reduce the value of the ringgit. "It's come off a lot,
        Bloomberg Business News; ALLAN  -  6,887 words
    • WARRANTS & OPTIONS
      • Article
        IOI premium hard to sustain
        3655 14  -  WARRANT WATCH By R Sivanithy IF READERS think that the market places a limit on the premiums it gives warrants, they should take a look at a few Malaysian warrants where premiums are more than 50 per cent even in the current bearish climate. For
        3,655 words
    • Article
      CLOB INTERNATIONAL
      2194 14 Or Or KM Last v«| Day Last Quota Dt) Ok VN M M Cap HtgH Low Stno Company Sato COOO) Law Bwyar Salter C*vr P/l $m* m m sooo aisbsoc Htc* >4* j» w is* mo u 15 i!5 ujo j*Ti 127 71 5001 AMOBSOc 72 5 15
      2,194 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1845 15 TUMOVKI ('000) VAIUI COOO) Mam at 10m mm cn> 33.754 6361 40J19 76,604 *70# SMtt riMW 2,499 '.890 4,749 27,419 2,440 30,25* (tateit 1,444 1.304 3.150 4M V447 9.977 >TIHrtlll aW 1.930 13,091 34.906 2.574 39.444 MMtaMA 690 690 1,490 1,490 MM* 434 434 IMS 1445 4iW 3.409 473 <443
        1,845 words
      • Article
        MAIN BOARD
        4263 15 Or Cr M Wt 1995 LMt V«t D«y Last Quott Dtv M* VM Nat Cap HSU L— «tWa Ci——y «an COOO) mg» La» 8»yar «—ar CNr M Mm 210 176 1258 AearSOc US185 *1 218 18* 176 185 186 12.6 306.3 490 318* m t 1000 Aetna 50c
        4,263 words
      • Article
        SESDAQ
        848 15 Or Cr M Wt IMS Last Vat Day Last Ouata Wv Dty YM Nat Cap Ay* W» L—i Wl» C U» COOOI H>» L— Um/m umm Cw W <■* Prtta SfSOAO 322 40 2000 ABRHMgsSc 299 -7 134 JOB 299 299 300 1X0 6.9 03 6S.0 132.2 303 280
        848 words
      • Article, Illustration
        Rally fizzles as bearish sentiment still prevails
        871 16  -  STOCK MARKET COMMENTARY Jardine group, second liners provide some life as players wait for the market to show clear signs of bottoming, or a sustained rally By R Sivanithy [SINGAPORE] The 22-point rise in the Straits Times Industrials Index on Thursday proved unsustainable
        871 words
      • Article, Illustration
        Lock icon HOT STOCK
        71 16  -  -By Paul Leo COMFORT Group is likely to fall further towards support at $1.10 from yesterday's close of $1.13 before any recovery in price takes place. Yesterday's volume was a strong 3.57 million units 7 times the 10-day average 0f506,000 shares indicating that selling pressure is far from
        JEN CHUA  -  71 words
      • ON THE GRAPEVINE
        • Article
          It's not Raid, it's insect repellent
          101 16 WHEN is a raid not a raid? The remisiers of DBS Securities who involuntarily opened their drawers to Stock Exchange of Singapore (SES) inspectors called it a raid. The SES maintained it was not a raid but a "routine survey". Now, the Society of
          101 words
        • Article
          Marrill-Smith merger sinks morale
          178 16 MERRILL Lynch (ML)'s merger with Smith New Court isn't turning out to be a marriage made in heaven. In Asia, it has sunk morale as employees await bonus payments early next year to see who goes and who stays. The defections could come from both sides,
          178 words
        • Article
          Double jeopardy
          60 16 THE Merrill merger has created an interesting situation for at least one employee based in Hongkong. He used to work for Merrill but was asked to leave. He left and guess who he Joined? Yes, Smith New Court. Now, he is back as a Merrill employee. Colleagues are
          60 words
        • Article
          Harry's Bar under threat
          108 16 A LEARNED economist was musing over an upcoming meeting in Hongkong among central bankers of Malaysia, Thailand, Hongkong and Indonesia on how to intervene in the markets to stabilise their currencies. Will this be the emergence of a G-7 on regional currencies, and if it does,
          108 words
        • Article
          Signs of things to come
          46 16 IS THIS a lucky sign or not, KL punters were asking themselves yesterday when the j the Kuala Lumpur Composite Index bottomed out at 888.1 at 4pm and recovered to 888.8 where it stayed for an hour before closing at 888.9.
          46 words
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      512 7 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF PENG PROPERTIES PTE LTD (telllßtilirVclMHfrym |||g||j NOTKC TO CREDITORS NOTICE IS HEREBY GIVEN M 9tt creditors ol th« abovanamad company. «Mch is bang wound up vofcntariy. an raqulrad on or More 19 Oacambar 1995 to rend
      512 words
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      Page 7 Advertisements Column 2
      640 7 BI^^^^STIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 CHEMICAL INDUSTRIES (FAR EAST) LIMITED. 92 MLAN BUROK JUKMQ TOWM, 9MQAKMK 9194*7. TBj *****11 KMC: aH9999 HALF-YEAR REPORT Half-year financial statement on consolidated results for the six months ended September 30, 1995. These figures have not been audited. Six months ended Six month* ended
      640 words
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      Page 14 Advertisements Column 1
      126 14 Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use it for a million purposes. Call us today at Stop by any Hong
      126 words
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      464 16 Singapore Closing Share Prices 17/11/1995 CLOSE PREV LOW HIGH *111## US$ US$ US$ US$ All fir Jardine Matheaon 5.80 5.30 5.45 5.90 IffQCCQNI Jardine Strategic 2.65 2.64 2.63 2.65 1 TOttf J Dairy Farm 0.80 0.76 0.77 0.80 Hongkong Land 1.70 1.69 1.69 1.72 ■fIPTPPSI Mandarin Oriental 1.14 1.16 1.13
      464 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon The mail order alternative
      1183 17  -  Singaporeans love checking out new deals, and one phenomenon that seems to be slowly gaining ground here is that of shopping through overseas mail order catalogues, jaimb be finds out more about buying American or British merchandise from the comfort of home JAIME EE IN SINGAPORE,
      CHRIS LOH  -  1,183 words
    • STRAWS In The Wind
      • Article
        Chocolate-box philosophy
        45 17 QUOTE of the week comes from Sharon Stone who says: "The audience will like you if you do a good job. I don't think of them as a bunch of nitwits who want a box of chocolates and a pat on the head."
        45 words
      • Article
        Getting nowhere
        44 17 SOME companies appear more helpful than they really are. Like the one that refused to give any details to our jour- nalist about a story but, by way of consolation, added: "You can call our PR, but she might be on leave..."
        44 words
      • Article
        Oh rats!
        76 17 WE KID you not. First, it was the woman who sued McDonald's over the scalding hot cup of coffee that she bought. Now, another woman is fjling a US$5O million lawsuit against a Wendy's fast food franchise charging that she nearly swallowed the head of a de- capitated
        76 words
      • Article
        Ghost in the machine
        42 17 A REPORTER got this confusing message on his answering machine from someone who left a phone number for him to call. The problem was, the number turned out to be the reporter's own phone number. A ghost caller?
        42 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Harilela opts for Hongkong
        1822 18  -  THE RAFFLES Conversation The life of Hari Harilela, the richest Indian in Hongkong, has been like a rollercoaster ride from riches, to rags, and then to riches again. fMBTSH mehta meets the man who built up his fortune in the colony and finds out why he
        CHRIS LOH  -  1,822 words
      • Article
        Why India is likely to lose out to China
        886 18 WHO WILL win the race the dragon, China, or the elephant, India? Hari Harilela, who has done business both in India and China, says that though the advantages in India are greater than in China such as the rule of law,
        886 words
      • Article
        Vietnam and Cambodia: no hotels planned
        433 18 1T IS TOO LATE to go into hotels In Vietnam and too early to enter Cambodia, says Hari Harilela. "Too many hotel investments are going into Vietnam. But industry still offers a very big opportunity in Vietnam," says the man who built up a
        433 words
    • ART
      • Article, Illustration
        Lock icon Gifts for posterity
        1391 19  -  Are Singaporeans poor museum donors? And if so, what can be done to promote local art patronage? With the opening of the Singapore Art Museum's maiden exhibtion today, iola lhmu examines the vital role played by benefactors in the life of a museum IOLA LENZI THE NEW
        JEN CHUA; CHRIS LOH  -  1,391 words
      • Article
        A quick look at the SAM collection
        502 19  -  Over three thousand 20th centnry works, and some earlier items as well, have been acquired By] Iola Lenzi The writer is a freelance journalist who contributed this article to Executive Lifestyle LAST month marked a turning point for the arts in Singapore: the
        502 words
    • Article, Illustration
      Sleepwalker's chronicle
      707 20  -  CINEMA The Merchant-Ivory team gets uncharacteristically confused when portraying Jefferson In Paris By- Susan Tsang JEFFERSON In Paris seems replete with promise. The film, by the team (Ismail Merchant, James Ivory, Ruth Prawer Jhabvala) that brought us A Room With A View and The Remains Of The Day,
      707 words
    • Article, Illustration
      Lock icon Dirty doings in Whampoa
      793 20  -  TELEVISION While Hey Singapore's hosts were ankle-deep in bird droppings, those on The Home Show were oohing and aahing their way through kitchens By. Jaime Ee PAECAL. That's what it is. And I didn't say it first, either. It was the guy on Hey Singapore who
      CHRIS LOH  -  793 words
    • Article, Illustration
      Lock icon A touch of Moon madness
      517 21  -  NIGHTSPOT The club at T&qjong Pagar is attracting queues even before Upm on Saturday night By] Michelle Low AS FAR as new clubs are concerned, word sure gets around fast. It's only been two weeks since Moon Danoe in Tanjong Pagar got its 3am licence,
      ARTHUR LEE  -  517 words
    • Article, Illustration
      WHAT'S ON
      452 21  -  Compiled by Corinne Kerk THEATRE Teochew Porridge and Hokkien Mee Hungry? Longing for a steaming bowl of Teochew porridge or a plate of calo-rie-laden Hokkien mee? If so, head for the nearest hawker centre, because you're not going to get supper at Action Theatre's latest offering. Instead, it
      452 words
    • EPICURE
      • Article, Illustration
        Lock icon Tom Yam without the tears
        641 22  -  RESTAURANTS Lemongrass is one Thai restaurant that believes in going easy on the spices By I Corinne Kerk YOU know the kind of reputation Thai food has. Fiery hot dishes that bring tears to the eyes and a nose running so fast you can audition
        CHRIS LOH  -  641 words
      • Article, Illustration
        Lock icon PEOPLE An evening of fast cars and charity
        212 22 XT WAS a gala evening as well as a night of charity. Stuttgart Auto was commemorating its 10th year of distributing Porsche cars in Singapore at the Mandarin Hotel on Nov 1 and about 400 well-heeled individuals turned up to join in
        ALL PHOTOS BY ARTHUR LEE  -  212 words
    • Article, Illustration
      CINEMA
      1174 23 A Kid In King Arthur's Court. A 20th century American boy is caught in an earthquake and blasted into the Pendragon's court for some comedy and romance. Lido: 11.15; 1.45; 4.15; 6.45; 9.15; 12am. Capitol: 11; 1.30; 4; 6.30; 9.15; 11.45pm. Chinatown: 11; 1; 3; 7; 9. Changi: 11;
      1,174 words
    • TRAVEL
      • Article, Illustration
        Lock icon The lure of luxury resort homes
        1447 24  -  Do Balinese-style villas in Phuket, ski resorts in New Zealand and hill retreats in Cameron Highlands make good investments? taw su ten checks out what's on the market and what kind of returns can be expected from a holiday home TAN SU YEN This
        This article first appeared in the November issue of Singapore Business  -  1,447 words
      • Article
        How the regional resort properties compare
        19 24 JpS from NZs2B3,ooCfc 1 year and 7 per cent inlicondyear 32 alpine apartments
        19 words
      • Article, Illustration
        Designed for lazy living
        736 24  -  DESTINATION Relaxation is taken very seriously at Club Med Farukolufushi in the Maldives By, Abdul Hadhi ON A CLEAR day, you can see forever... Or at least an unending expanse of ocean, with shades of blue getting deeper as the eyes shoot farther across the horizon.
        736 words
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      540 20 The World's Favourite Beer. ICUi (Love If! wSBbSZbV' i LONG REACH MARINA SEAFOOD RESTAURANT Te1:323 2222 *01-01 Planet Manna 31 Marina Park (Car Park A) Singapore *****1 Op«n Daily 5 30 pm 1 30 am For •oquiri** lOHki Hours) Tel: 338 9398 Fax: 338 6398 Rhythm's' Back At the Tapas
      540 words
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      Page 20 Advertisements Column 2
      244 20 WHERE TO WINE, DINE AND ENTERTAIN I bring Singa Inn, ofcoune! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! \FjFI seafood restaurant Offers more than lust live seafood! 920 East Coast Parkway, Singapore 1544.
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      Page 20 Advertisements Column 3
      178 20 fancy 'Beijing? Then, we're delighted to suggest the fine Court for a memorable dining atperience. Our lunch menu offers a variety of dian 'Beijing dumplings, a selection of set menus, end 'Beijing specialities ||j||A such as 'Beijing Tench and Mwc—rr 'Marinated Lamb fancy some notof 1"! Mannatea j oncy some
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      559 21 Where to wine, dine and entertain |lllllllllllllllllllllllllllllllllllllllllll| Tunch if Temptations if Moon Pavilion Chums* Restaurant > J 'ttZ If eating is your passion, then come on down for a 6-hour leisure feast -It that is sure to leave you satisfied! Tuck into favourites like Laksa, Siew Mai, Char Siew Pau,
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      Page 21 Advertisements Column 2
      165 21 Housed at the RELC > International Hotel, j Pin Hsiang with a decade of f#£ banquet experience, takes pride in //p'ryj\v providing you the most sumptuous r; u} J)f feast enhanced by an elegant i ifl i w{ atrnospherc^un<^erone l Jjf I Choose from a \L\ I 9-COURSE SET MENU
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      290 22 jf I i %?-i 1B^1% j A JSH i v*^^^vv -.:S' JESS wPii". ..rtiSS^r 7 awa fF7m. 3«l f^I r j-jar-». --Sffifcf?:., ro -<% Y&« i $w't 'iSk&i '****<•■ /•%,>£, mgFm mm h JPk > J®®*: SUSPEND TRADING AND TAKE STOCK. Say bye bye instead of buy, buy for a
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2165 23 TODAY'S TV RBCOMMMDBPTIBWUfO asSeeno „TV ark Life without of high school SSoar-wM-ttn. s-s S r iSe rf a J J J friends Who meet a few Golden Peony (Cantonese L s Sarapjm Malaysia daddy years later and find that Opera. Pti). life has not been good. This 500 v h
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