The Business Times, 23 December 1995

Microfilm: NL20504
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 046/12/95 SINGAP ORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 23-24,1995 85<
    15 words
  • Article
    MARKET SUMMARY
    68 1 STII 2,287.42 (+30.51) PI BTOOMP U 2427J8 (+29.32) fIBT-MflA mm IJfISM (+9.70) STOCK HABKET INDICES Friday Change KLSECOMP *154 -9.12 NIKKEI 19,744.42 +91.17 HANG SENG _9.S«2J0. +24.59 SET INDEX 1,28*30 +9.91 JAKARTA COMP... .512.79 +7.81 MANILA COMP.... t5«.65 -1.1 J TAIPEI WPI 5,991.94 -191 SJSOULOOMP J94.72 -5.12 BOMBAY
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  • Article
    FINANCE
    74 1 EXCHANGE BATES rs» s$ US» 1.415 t 1.541 .1180 DM 0.694 9.882 Y109 .0.979 UK Ml 0:194 ....0.557 HKS .9.129 _.9.183 BAHT__. 9 040 0.056 RUPlAh 100 0.044 0 062 NUMERATES SINGAPORE* 6.44 KUALA LUMPUR 8.15 •JAKARTA 17.50 BANGKOK 11.75 MANILA— 15.00 HONGKONG 1.99 TAIPEI 8.00 SYDNEY 1975 TOKYO
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  • Article, Illustration
    Lock icon Companies need not review foreign share limits: SES
    733 1  -  Statement helped stem selling pressure on foreign shares of several companies By' Ven Sreenivasan [SINGAPORE] The Stock Exchange of Singapore said towards the end of trading day yesterday that it does not intend to urge companies to review their foreign shareholding limits,
    Source: Bloomberg  -  733 words
  • Article, Illustration
    Lock icon Doing the turkey trot
    151 1 [SINGAPORE] Turkeys, turkeys, as far as the eye can see. These workers at Gourmet Food are busy hopping to it and working their way through a massive 7,000 baked birds which need packing for Christmas delivery. As well as gourmet gobblers, the company's festivefood orders from
    ARTHUR LEE  -  151 words
  • Article
    Little Christmas joy for most retailers this year
    402 1  -  Most major stores report no increase in turnover for the season By] Diana Oon [SINGAPORE] The rush of last-minute Christmas shoppers has failed to provide good tidings for retailers reeling from a lacklustre year. Major retailers reported only "satisfactory" sales, with turnover
    402 words
  • Article
    Hongkong banks cut short-term interest rates
    447 1  -  Move marks possible reversal of trend of rising rates over last two years From Quak Hiang Whai in Hongkong HONGKONG, which pegs its currency to the US dollar, has become the first market in the region to follow the US Federal Reserves Board's quarter
    447 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      202 1 UWIUB K' jmk Suharto to the defaace "To be frank, when Taman Mini (a theme park in Jakarta) was built Mrs Tien was not called Tien Suharto, she was known as Tien per cent Tien is ten On Dutch), and people said from every project she gets 10 per cent
      202 words
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      Page 1 Advertisements Column 2
      8 1 Hotel FAB outlets report rise in sales, Pg2
      8 words
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      Page 1 Advertisements Column 3
      297 1 HP offers you a choice of i great PC/Printer combinations for as low as $2,299. |H MJ jy 1 From now till 31 December 1996, three of HPi best \*p -t'l 00 M 420 PC* come complete with HP printers at really low DX 4/100 MHZ prices The kind of
      297 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Standard Chartered Finance to merge operations with parent
      400 2  -  Surprise move makes it first finance company closure this year Byl Conrad Raj THE operations of Standard Chartered Finance (Singapore) Ltd are being merged with its parent, Standard Chartered Bank. The bank said yesterday it expects the merger to be completed by
      400 words
    • Article
      Hotel F&B outlets report rise in festive season sales
      452 2  -  Sales of takeaway turkeys and at independent eating outlets also up By, Ang Wan May HOTEL food and beverage outlets have reason to cheer this festive season despite competition from independent eating outlets and more priceconscious holiday diners. Hoteliers contacted by
      452 words
    • Article
      JVC sets up 880m yen regional HQ here
      456 2  -  By. Jennifer Lien, Diana Oon THE Victor Company of Japan (JVC), a subsidiary of Japan's Matsushita Electric, has invested 880 million yen (5512.2 million) to set up its Asian regional headquarters here. JVC Asia, which was set up in October, coordinates sales,
      456 words
    • Article, Illustration
      Lock icon So many presents, so little time
      55 2 THREE days away from Christmas and shopping malls were packed yesterday with last-minute shoppers, both during and after office hours. Long queues were everywhere, from payment counters to taxi-stands. It was all quite stressful for some, but for others, this is exactly what Christmas
      ARTHUR LEE  -  55 words
    • Article, Illustration
      Euro-Asia in third Aussie hotel deal
      319 2 SINGAPORE property group Euro-Asia is fast becoming a significant player in the Australian hotel sector with its acquisition of a third hotel in Sydney. The group will pay A 546.2 million (5548.4 million) for the proposed 255-room hotel which covers the land and a
      319 words
    • Article
      Fears of overheating in Asean overblown: experts
      554 2  -  High growth with low inflation forecast for five states this year By- Anna Teo FEARS of overheating in the Asean economies are overblown, economists say. Rather, the key Asean five Singapore, Malaysia, Thailand, Indonesia and the Philippines should see high growth with low
      554 words
    • Article
      Lock icon No foul play in maid's fall to death in S'pore, says Manila
      262 2 Reuter [MANILA] Philippine Foreign Secretary Domingo Siazon said yesterday there was no sign of foul play in the death of a Filipino maid in Singapore earlier this month. Mr Siazon told reporters Singapore authorities had cooperated fully in
      Reuter  -  262 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      390 2 TUB WEATHER Singapore: Showers over many areas in the afternoon. Temperature (24-30) HVLe* Otai. Fin m/Lo* Oml America BVLC Good. Anrklaad SI/14 Cloudy Otiikw oi*l Ran Aflantt W-l (loudv Bangkok *2,72 Omtf Kkm \WI (loudy Buenos Aires 24/14 (loudy hpi( M/-1 Showers Berka »l/-4 Smm Ckng> N/-8 (Ywdy Bouitoey Xtm
      390 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        580 3 Those polled for their views on the Singapore stock market's outlook the week ahead are: Barings, Daiwa, Deutsche Morgan, Phillip, Credit Lyonnais, SBC Warburg, Merrill Lynch, WlCarr. Bay! Keppel Bade In our 1H95 results review on Keppel Bank, when the stock was trading at $4.12, we had
        580 words
      • Article, Illustration
        In My Opinion...
        544 3  -  Teng Koni Ong cfcirf PBUitiw officw PhfleoAJbed BW T T is tough .to be an I international fund J. manager nowadays. He or she has to grapple with see-sawing currencies, attractive emerging markets that could overnight become 'submerging* ones. Even if a fund manager were to put
        544 words
    • Article, Illustration
      Lock icon Investing in fixed income funds
      454 3  -  For something between the safe but boring fixed deposit and the tempting but risky stocks, try fixed income funds By I Shiv Taneja [SINGAPORE] DBS Bank's Asset Management's Shenton Income Fund (SIF>, which invests in fixed income securities, has generated returns since its inception in
      Source:; FRANCIS  -  454 words
    • Article, Illustration
      Lock icon Flow of external funds holds key to KLSE swings
      804 3  -  ZTST3 ON THE RBOZOM: MALAYSIA 1996 may see series of false rallies on premature hopes of surge in US fands By) Martin French The writer is the managing director of Credit Lyonnais Securities Malaysia PUNDITS who try to predict the swings
      Source: Bloomberg; JEN CHUA  -  804 words
    • Article
      Time to stock up blue chips, suggests Vickers
      571 3  -  Firm favours office property, banking, technology sectors By Lee Yoke Har (SINGAPORE] Take advantage of the market's lull to buy into quality blue chips that's the advice of stockbroking firm Vickers Ballas. Vickers is also optimistic that the shiprepair sector in Singapore
      571 words
    • Article
      Lock icon Looking to the year after the big rally
      751 3 Bloomberg Business News [NEW YORK] The last time the US stock market performed as spectacularly as it did this year, Gerald Ford was US president and the movie of the year was One Flew Over the Cuckoo's Nest. In 1975, the broad
      Bloomberg Business News  -  751 words
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  • REGION
    • Article
      1996 growth seen slowing to 4.8%
      412 4  -  HONGKONG HKBanksays moderate recovery in consumer spending may help mid-year pick-up By Quak Hiang Whai HONGKONG'S economic growth is expected to slow to 4.8 per cent next year from 5 per cent this year, although a mid-year pick-up is likely, the Hongkongßank said yesterday.
      412 words
    • Article, Illustration
      Lock icon New regulatory body for Labuan
      224 4 KUALA LUMPUR AFP MALAYSIA will have a single regulatory authority to speed up the development of Labuan off Sabah as an international offshore financial centre (IOFC), officials said yesterday. A bill to provide for the formation in 1996 of the Labuan Offshore Financial Services Authority
      AFP  -  224 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1613 4 CITY FUGHT ETA FLIGHT ETD UA805 0105 CX710 0840 AfeaUMM 6A890 0048 ***** 1140 ***** 0915 <rt«lihk 0F81 1930 OF82 2050 CX717 1235 CX714 1110 "TS! CI665 1335 S0862 1315 fcW7 000 S0865 1440 CA902 1320 Amsterdam S0/M25 0645 GA890 0045 CX713 1525 CI666 1440 KL837
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    • Article, Illustration
      Lock icon Chasing a tax rumour
      44 4 [BEIJING] Potential customers looking at minivans on offer at Beijing's largest car market yesterday. Rumours ofa new tax of up to 30per cent on the price of a new car in 1996 have spurred sales, especially to private individuals. REUTER
      REUTER  -  44 words
    • Article
      Lock icon Liberalising forex transactions
      122 4 TAIPEI AFP TAIWAN is to extensively liberalise forward foreign exchange transactions in line with its bid to local financial markets, banking officials said yesterday. Taiwan's central bank would scrap a requirement that customers pay a 3 per cent margin for each forward foreign exchange contract to the
      AFP  -  122 words
    • Article
      Lock icon No new licences for finance companies
      329 4 ■JAKARTA Move aims to cool economy by patting squeeze on credit Reuter (JAKARTA] Indonesia unveiled a set of stringent measures yesterday to curb the activities of finance companies and squeeze credit growth in another bid to cool its overheated economy, analysts said. The finance
      Reuter  -  329 words
    • Article, Illustration
      Lock icon Shock therapy for economy ruled out
      217 4 JAKARTA AFP INDONESIA'S Finance Minister Mar'ie Muhammad has ruled out the use of shock therapy to cool down the country's overheated economy, press reports said yesterday. "In whatever condition, we will avoid the use of shock policies," the Kompas daily quoted Mr Mar'ie as
      AFP  -  217 words
    • Article
      Tokyo out to regain share of Viet TV market
      359 4  -  SINGAPORE 4 firms to make and sell TVs in Korean dominated market By\ Harish Mehta A JAPANESE television maker was the first to discover Vietnam, but it lost control of the market to the aggressive South Koreans. Four Japanese firms are
      359 words
    • Article
      Lock icon Japan's imported car sales forecast to rise
      280 4 TOKYO Record 15.4% increase in 1996 would help trade ties with Washington AFP [TOKYO] Imported vehicle sales in Japan are forecast to rise 15.4 per cent from a year earlier to 450,000 units in 1996, setting a record for the third consecutive year,
      AFP  -  280 words
    • NOTE Book
      • Article
        Lock icon Enron deal still under consideration
        78 4 AFP [NAGPUR] The Hindu nationalist government of the Indian state of Maharashtra said yesterday it had not yet decided whether to revive a US$2.B billion (553.9 billion) power project with Enron Corp of the US. Deputy Chief Minister Gopinath Munde told lawmakers in this state
        AFP  -  78 words
      • Article
        Lock icon Japan expects higher electronics output
        81 4 Bloomberg Business News [TOKYO] Japan's electronics output will rise next year thanks to strong demand for semiconductors and components and to the first year-on-year increase in consumer appliance output in five years, an industry association said. The Electronics Industries Association of Japan (EIAJ), which represents
        Bloomberg Business News  -  81 words
      • Article
        Lock icon Manila sees more investment proposals
        64 4 Reuter [MANILA] The Philippines' Board of Investments said investment proposals for 1986 were expected to reach 330 billion pesos (5517.8 billion), or 10 per cent higher than the original target of3oo billion pesos. The government has already approved 324.4 billion pesos worth of proposed investments
        Reuter  -  64 words
      • Article
        Lock icon Time Warner to quit Taiwan venture
        74 4 AFP [TAIPEI] Time Warner Cable Communications is to pull out of a NTS 2.3 billion (SIII9 million) cable television venture with two Taiwanese companies, company officials said yesterday. It is pulling out of the Joint venture with Ever Fortune construction group and Shinnung Chemical
        AFP  -  74 words
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  • REGION/WORLD
    • WORLD Watch
      • Article
        Lock icon Bill passed to curb investor suits
        57 5 Bloomberg Business News [WASHINGTON] A bill to curb investor lawsuits against companies became law yesterday as a bipartisan group of senators voted to override President BUI Clinton's last-minute veto of the measure. The Senate's 68-30 vote was the first time one of Mr Clinton's
        Bloomberg Business News  -  57 words
      • Article
        Lock icon Italian Senate expected to pass budget
        93 5 Reuter [ROME] Italy's 1996 budget yesterday returned to the Senate, where it is expected to be passed swiftly into law, opening the way for a debate on the ftiture of Prime Minister Lamberto Dini's government. The lower chamber of parliament approved the final sections
        Reuter  -  93 words
      • Article, Illustration
        Lock icon Bosnia's dogs of peace
        46 5 Reuter [SARAJEVO] Goran ZoK 28, a Bosnian soldier and part-time worker, plays with his golden labrador Al, while working in Sarajevo's first post-war pet shop on Dec 21. Opened this week, it follows the return of commercial traffic to the Bosnian capital.—.Pettier
        Reuter  -  46 words
    • Article
      Lock icon Panel calls for transparent banking policy
      409 5 TOKYO Finance Ministry nnveils framework to deal with bad loans Reuter A KEY advisory panel to Japan's Ministry yesterday unveiled its final proposals for a framework outlining how authorities plan to clean up the nation's multi-billion dollar bad-loan mess. The panel stressed the need
      Reuter  -  409 words
    • Article
      Lock icon Unions unhappy with talks
      119 5 PARIS Reuter A FRENCH "labour summit" called by Prime Minister Alain Juppe came up with scant measures yesterday to bolster economic growth and jobs but at least revived talks with unions after France's worst labour unrest in a decade. Conservative Mr Juppe, who agreed to the
      Reuter  -  119 words
    • Article
      HK TDC offers advertising on the Net
      130 5  -  ■HONGKONG By. David Mok HONGKONG manufacturers and traders will be able to get their products and services promoted on the Internet come January, thanks to a new advertising service from the Hong Kong Trade Development Council (TDC). The council said it would be
      130 words
    • Article
      Lock icon Philippine interior minister Alunan quits
      97 5 MANILA Reuter PHILIPPINE President Fidel Ramos has accepted the resignation of Interior Minister Rafael Alunan, who is under fire for failing to curb rampant crime in Manila. But Mr Alunan will not leave the cabinet untU Jun 30 so he can complete programmes he had
      Reuter  -  97 words
    • Article
      Lock icon Palestinians celebrate return of Bethlehem
      242 5 BETHLEHEM Reuter, AFP PALESTINIANS hoisted their flag above Bethlehem yesterday and began preparing for Christmas celebrations, praying for an "economic miracle" in the traditional birthplace of Jesus Christ. Palestinian Economy Minister Ahmed Korei raised the red, green, black and white flag over the former military
      Reuter,; AFP  -  242 words
    • Article
      Lock icon Suharto defends his wife against graft rumours
      423 5 JAKARTA He denies that Tien accepted commissions for several large projects AFP PRESIDENT Suharto yesterday made an unprecedented defence of his wife against rumours that she took commissions for large development projects, a news report said. Mr Suharto, speaking to participants at a
      AFP  -  423 words
    • Article, Illustration
      Lock icon Something fishy this Christmas?
      43 5 [BARCELONA, Spain] Caretakers and biologists wearing Santa Claus hats hold a banner reading: "Merry Christmas from your friends the fish" as a shark swims over them. Thursday's greetings came from inside Barcelona's recently-inaugurated aquarium which is Europe's largest. REUTER
      REUTER  -  43 words
    • Article
      Lock icon White House agrees to accept covert action plan against Iran
      175 5 WASHINGTON AFP THE White House has agreed to accept a covert action programme aimed at moderating Iran's Islamic regime approved by the House of Representatives, The Washington Post said yesterday. The US$2O million (5528.2 million) covert, anti-Iranian programme passed by
      AFP  -  175 words
    • Article, Illustration
      Lock icon Clinton, lawmakers try to restart budget talks
      222 5 WASHINGTON Bloomberg Business News PRESIDENT Bill Clinton and bipartisan Congressional leaders met at the White House yesterday to try to restart stalled budget negotiations, building on progress made in closed meetings on Thursday. Democrats and Republicans held a series of meetings on Capitol
      Bloomberg Business News  -  222 words
    • Article
      Lock icon Jan to Sep trade deficit hits M$8.2b
      231 5 KUALA LUMPUR Bernama MALAYSIA'S balance of trade in the first nine months of this year further deteriorated by M 56.7 billion (553.7 billion) to a deficit of MsB.2 billion, compared to a deficit of Msl.s billion previously. The cumulative trade deficit for the
      Bernama  -  231 words
    • Article
      Lock icon Single currency for EMS members only, says Tietmeyer
      194 5 FRANKURT Reuter BUNDESBANK President Hans Tietmeyer has told a German newspaper that countries must be members of the European Monetary System to be able to join the single currency plan. Speaking to the daily Sueddeutsche Zeitung, Mr Tietmeyer said the Maastricht Treaty
      Reuter  -  194 words
    • Article
      Lock icon Malaysia invested M$8b in growth triangle
      206 5 KUALA LUMPUR AFP MALAYSIA has invested M) 8 billion (554.4 billion) in an economic growth triangle that encompasses Indonesia, Malaysia and Thailand, the government's economic adviser Daim Zainuddin said yesterday. The investments were made shortly after the triangle was formed in 1993 and encompassed
      AFP  -  206 words
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  • COMPANIES & MARKETS
    • Article
      Parkway Hldgs building $38m hospital in Calcutta
      263 6  -  Joint venture with Duncan Industries will develop and own 270-bed facility By i Conrad Raj [SINGAPORE] Parkway Holdings, the Singapore-based hospital group which is currently being stalked by Malaysia's Berjaya group, is building a $38 million hospital in India. The company yesterday said
      263 words
    • Article
      Cam Mechatronic posts 2% rise in net profit to $8.3m
      280 6  -  Start-up costs for new units, more RAD ate into earning* By\ David Mok [SINGAPORE] Component maker Cam Mechatronic's profit margins for the year to Sep 30 were pulled down by start-up costs of subsidiaries, but it managed a slim 2
      280 words
    • Article
      Salim ups QAF stake, but general offer unlikely
      231 6  -  Byi Genevieve Cua [SINGAPORE] Indonesia's Salim group has bought 11.6 million shares in listed food group QAF, through its investment vehicle KMP Pte Ltd. The purchase on Thursday at $1.99 a share, or a total of $23.2 million, brings KMP's stake in
      231 words
    • Article
      Sembawang confirms bid for Ken Air car rental stake
      165 6  -  By. Anna Teo [SINGAPORE] Sembawang Corporation yesterday confirmed it is in the midst of negotiating to buy a 51 per cent stake in Ken Air Group's car rental business. Talks are being held between Sembawang Capital Pte Ltd, a subsidiary of
      165 words
    • Article, Illustration
      The CSH phenomenon: A case of too much success being bad?
      707 6  -  HOCK LOCK SIEW By Lee Han Shih Businessman oei Hong Leong has achieved a rare distinction, but he is unlikely to enjoy it much. He has Joined the rarifled ranks of Margaret Thatcher and Ronald Reagan to have an
      707 words
    • Article, Illustration
      Lock icon Key shareholders of MHE, GB cut stakes
      360 6  -  By Ven Sreenivasan [SINGAPORE] The substantial shareholders of Material Handling Engineering and GB Holdings have sold off part of their stakes. MHE, whose shares and warrants have been actively traded recently on rumours of a takeover, said yesterday that a shareholder had halved
      Source: Bridge Info; BCRUZ  -  360 words
    • Article
      SPH in US$1.5m China joint venture
      167 6 [SINGAPORE] Singapore Press Holdings said yesterday its wholly-owned subsidiary, SPH MultiMedia Pte Ltd, has incorporated a joint-venture company called Jiuding (Tianjin) Information Services Company Ltd (JTIS). The joint venture was set up following the signing of an agreement between SPH MultiMedia, Tianjin News Advertising
      167 words
    • Article
      Econ takes stake in roofing specialist to build up expertise
      229 6 [SINGAPORE] Construction firm Econ International Ltd has taken a 66.7 per cent stake in Essential Roofing Systems Pte Ltd (ERSPL). Listed Econ said yesterday that it has bought a million ordinary shares of $1 each in the capital of ERSPL
      229 words
    • Article
      Lock icon Hong Leong unit to buy two Sabah banks for M$514m
      431 6 Taman Pernsahaan Berat is also seeking ELSE listing AFP [KUALA LUMPUR] A unit of Malaysia's Hong Leong group announced yesterday it was acquiring state-owned Sabah Bank Bhd and Sabah Development Bank Bhd before seeking a listing on the Kuala Lumpur
      AFP  -  431 words
    • Article, Illustration
      New faces on Haw Par, Tiger Med boards
      148 6 [SINGAPORE] Listed Haw Par Brothers International has appointed a new director to its board, and two directors for its listed subsidiary, Tiger Medicals. Haw Par's new director is Lee Suan Yew, a private medical practitioner whose other directorships include Tiger Medicals. Hwang
      148 words
    • COMPANY Briefs
      • Article
        FCC cuts stake in Heshe
        63 6 [SINGAPORE] First Capital Corp has cut its denned interest in Heshe Holdings by 1.6 per cent to 16.9 per cent. It said its wholly-owned subsidiary, First Capital Assets, sold 4.55 million Heshe shares at an average price of 50 cents a share on Wednesday, reducing
        63 words
      • Article
        Uraco ups stake in subsidiary
        44 6 [SINGAPORE] Uraoo Holdings has raised its stake in subsidiary Vision Venture Pte Ltd to 90 per cent It subscribed for an additional 1.53 million shares of $1 each in lieu of a $1.53 million loan extended earlier this year.
        44 words
      • Article
        Hotel Plaza buys Sheraton Perth
        29 6 [SINGAPORE] Hotel Plasa Ltd completed its purchase of the Sheraton Perth Complex yesterday, after getting the nod from the Australian foreign investment review board.
        29 words
      • Article
        GSI posts NTA of $1.97 at end-November
        32 6 [SINGAPORE] DBS Bank's closed-end fUnd, General Securities Investments, said yesterday that its unaudited consolidated net tangible asset backing per share as at end-November was $1.97.
        32 words
      • Article
        Corrections & clarifications
        55 6 Corrections clarifications [SINGAPORE] In yesterday's article headlined "Telecom may take up a bigger stake in Belgacom", it was inadvertently repented that Singapore Telecom had a 27 per cent stake in Belgacom. It should have been a 27 per cent stake in the consortium comprising Telecom, Amerltech and Tele Danmark. We
        55 words
    • REGIONAL COMPANIES
      • Article
        Lock icon No more Renong cash calls
        498 7 Merchant banker tells why it's unlikely to ask shareholders for help again before 1998 Bloomberg Business News [KUALA LUMPUR] Renong Bhd, one of Malaysia's leading government contractors, probably won't ask shareholders for further help in financing its big construction projects before 1998, the company's merchant
        Bloomberg Business News  -  498 words
      • Article
        Lock icon Westmont hopes to get nod for revamp by 1st qtr
        240 7 Restructuring aimed at further strengthening the group Bernama [KUALA LUMPUR] The Westmont Group hopes to receive approval for its proposed restructuring exercise from the Securities Commission by the firfct quarter of next year. The restructuring plans, which have already been
        Bernama  -  240 words
      • Article, Illustration
        Lock icon MCI's News Corp stake approved
        311 7 AFP [SYDNEY] The Australian government yesterday approved a proposal by America's MCI Communications Corp to invest US$l billion (S|l.4 billion) in global media giant News Corp, Treasurer Ralph Willis said. The deal will mark a worldwide alliance between the two companies, linking MCl's telecommunications expertise
        AFP  -  311 words
      • Article
        Lock icon BIG Industries doubles price on debut
        237 7 Bernama [KUALA LUMPUR] BIG Industries Bhd's debut on the second board yesterday saw its share price gaining a premium of Ms 2 over its offer price of M 51.90. The shares reached their high of M 54.22 after seven minutes of trading and then
        Bernama  -  237 words
      • Article
        Lock icon A Boeing 737 start for new HK airline?
        235 7 Bloomberg Business News [HONGKONG! China-backed China National Aviation Corp is considering buying a used Boeing 737 jet to start the fleet of its fledgling Hongkong airline, a company source said. Once the aircraft is purchased, the company, controlled by China's airline regulator,
        Bloomberg Business News  -  235 words
      • Article
        Lock icon Meralco no to foreign investors
        241 7 Bloomberg Business News [MANILA] Manila Electric Co (Meralco) said it had no plans to invite foreign investors to join its Rockwell development after a state pension fund backed out from investing in the property project. Manuel Lopez, president of Meralco, said charter provisions against investing
        Bloomberg Business News  -  241 words
      • Article
        Lock icon China Airlines to buy 15 Boeings
        205 7 Bloomberg Business News [TAIPEI] China Airlines said it will purchase up to 15 Boeing 737-800 passenger jets in an agreement worth US$75O million (551.05 billion). China Airlines, Taiwan's largest airline, has formally signed an agreement placing orders for six jets and has an option
        Bloomberg Business News  -  205 words
      • Article
        Informatics makes foray into Pakistan
        146 7 [SINGAPORE] Informatics Holdings is making its first foray into Pakistan, with plans to set up a chain of IT (information technology) training centres. The ma inboard-listed company yesterday said it would form a joint venture called Beaconhouse Informatics with two Pakistani parties. Beaconhouse Informatics will
        146 words
      • Article
        Lock icon Lion Group expanding Parkson in M'sia, China
        162 7 Bernama [KUALA LUMPUR] The Lion group is investing MsB2 million (5545.6 million) in the expansion of its departmental store chains in Malaysia and China by next year. Another four outlets under the flagship of Parkson would be added in Malaysia, costing Ms 32
        Bernama  -  162 words
      • Article
        Lock icon JG Summit to sell 5b pesos in debt paper
        134 7 Bloomberg Business News [MANILA] JG Summit Holdings Inc, the flagship company of businessman John Gokongwei, said it has applied to sell Ave billion pesos (***** million) in debt to raise working capital. JG Summit said it has asked the Securities and
        Bloomberg Business News  -  134 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Coca-Cola expects global shipments to increase 5%
        323 8 Analysts say this could result in earning* at lower end of estimates Bloomberg Business News [ATLANTA] Coca-Cola Co said it expects international shipments to increase 5 per cent in the fourth quarter, a smaller-than-expected gain that analysts said could result in earnings at
        Bloomberg Business News  -  323 words
      • Article, Illustration
        Lock icon Struggling Kmart sees shares rally on debt deal
        205 8 Bloomberg Business News [TßOY, Michigan] Kmart Corp's shares soared 27 per cent on Thursday after the retailer reached an agreement with holders of US$54B million (***** million) of its debt and eliminated its dividend. The moves staved off an immediate threat of
        Bloomberg Business News; Source: Bloomberg; JEN CHUA  -  205 words
      • Article
        Lock icon Pinnacle shares fall 21% on Avid's profit warning
        205 8 Bloomberg Business News [SUNNYVALE, California] Shares of computer component maker Pinnacle Systems Inc fell 21 per cent after one of its biggest customers, Avid Technology Inc, warned that fourth-quarter earnings would be less than analysts expected. Avid shares plunged 36 per cent
        Bloomberg Business News  -  205 words
      • Article, Illustration
        Lock icon Massai Barbie
        60 8 [LOS ANGELES] A black, Massai Kenyan Barbie-doll is shown in this photo provided by the doll's manufacturer, Mattel Toys. Sales of the doll have been brisk in Nairobi, Kenya The doll which sells for2,9soKenyan shillings (SS7S) features a traditional "Shuka "Massai dress, beads, shawl, head-dress and anklets and
        REUTER  -  60 words
      • Article
        Lock icon AT&T to buy Philips' wireless business
        246 8 Deal, estimated to cost US$6OOlll, will boost AT&T's presence in Enrope Bloomberg Business News [MORRISTOWN, New Jersey) AT&T Corp said its AT&T Network Systems unit will buy Philips Electronics NV's wireless phone-equipment businesses based in Prance and Germany. Financial details were not disclosed. Analysts
        Bloomberg Business News  -  246 words
      • Article
        Lock icon ING confirms Barings will miss profit targets
        296 8 Weakness in emerging markets blamed for failure FT [AMSTERDAM) Barings will fail this year to meet the profitability targets set for it by ING Group, the Dutch financial services company which bought the UK merchant bank in March after it collapsed. Aad Jacobs,
        FT  -  296 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        537 8 Vtssd Vay Mo Bfth Arrival Dgjrtji J—I Nrt Kant** fttUi 04 J9 atanqsK* 2312/1300 Srfia M* 004 J12 Oonqsidt 23.12/2300 lloqgui Jaya 23/95 JU Mogmk 23.12/2300 VbU 28 J4 ilonqsid* 23.12/1000 Yayaun Um 9 J5/6 HonqsKk 23.12/1500 AT) M Batam I 44/95 J1 23.12/1700 24.12/0600 (BD Mrij* Jl
        537 words
      • Article
        CONTAINER SCHEDULES
        1218 8 RECEIVING OF EXPORT Fa CONTAINERS ANO La CARGO Boofctnq/Baitnct Rstts Ship Voy No Etb/Btr Ported Fro* To Fro* «ci CtoMT 006* 23/1600 U 22/1500 22/1659 22/1900 22/1500 22/1659 22/1900 Ac* Jfltfi 270* 24/0600 U 22/1659 22/190CP 21 22/1700 23/0659 23/0900 3 23/0700 23/1159 23/1400 4 23/1200 23/1459 23/1700
        1,218 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Lower ratings for 4 Japan banks
        464 9 Bad debt problems prompt SAP downgrade bat Moody's may npgrade farm bank AFP [TOKYO] Credit ratings for four major Japanese banks were cut yesterday due to ongoing bad debt problems in the banking sector, but one farm bank got a thumbs up for the
        AFP  -  464 words
      • Article
        Lock icon Orange County itself to blame, says Merrill
        424 9 In first official reply to USs2b suit, firm says bankruptcy was unnecessary Bloomberg Business News [SANTA ANA, California] Merrill Lynch Co said that the bankruptcy of Orange County, California, was caused by the county's own negligence, as the giant brokerage firm officially responded
        Bloomberg Business News  -  424 words
      • Article, Illustration
        Lock icon Consolidation but bullish picture still intact for US$/Dm
        353 9 US$/Dm: The US$/mark consolidated between 1.4276 and 1.4470 in the early part of this week. It was seen trading around the 1.4405 level yesterday morning. The overall bullish technical picture is still intact. Support levels are seen at 1.4350, 1.4270 and then
        Source: DBS Bank; FRANCIS  -  353 words
      • Article
        Moody's upbeat on global paper firms' profits
        342 9  -  It says the firms can expect profits to keep rolling in for the near-term and longer By S N Vasuki [SINGAPORE] Global rating agency Moody's said yesterday companies in the international paper and forest products industry can expect profits to keep rolling in
        342 words
      • Article
        Lock icon US banks can invest more abroad
        179 9 Reuter [WASHINGTON] The Federal Reserve approved a rule to expand the amount of investment a strongly capitalised US bank can make in a foreign company without seeking prior approval. "This expanded authority is designed to permit US banking organisations meeting these requirements to make
        Reuter  -  179 words
      • Article, Illustration
        Untitled
        1223 9 nrrBEEAMOOEEBMCTEATBg 4l T' D9e 3 Afafcut S$ AfdMt VS$ *5. Curr-dt 8td Hi Offer Cerrencles 8ld Offer 8W Offer FrandlJra* »6374 28.6663 4.9371 4.9390 Local dollar* to on* unit of foreign currency: Hongkong dollar 18.29 16.30 7.7310 7.7340 AwtraMao dollar ***** ***** 0.7411 0.7414 Indonesia rvyMi 0.0418 0.0619 2.288.000 r
        1,223 words
      • Article
        Lock icon Hang Seng Bank is Asia's top performing bank: survey
        227 9 Reuter [HONGKONG] Hang Seng Bank Ltd topped a list of Asia's best performing banks for the third year in a row in 1994, according to a survey by Thomson Bank Watch. Hang Seng Bank "has shown good banking performance, has a
        Reuter  -  227 words
      • Article
        Lock icon CURRENCY REPORT
        179 9 Reuter, AFP London THE dollar extended its small overnight gain on the yen during a quiet European session but volume dried to a trickle as dealers prepared to leave early for the Christmas break. It was steady on the mark and locked in a narrow range and there
        Reuter,; AFP  -  179 words
      • Article
        Lock icon Oil prices stay strong amid cold weather, supply hitches
        304 9 ENERGY REPORT Reuter (LONDON] World oil prices held their strength yesterday fortified by below-normal temperatures in key northern hemisphere regions and crude supply hitches. London February futures for international benchmark North Sea Brent blend ended up eight cents to US$l7.BB a
        Reuter  -  304 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        867 10 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market held steady on better buying support yesterday, but remained unchanged at M 515.64 per kg. Traders said the market was firm amid a steady performance on the London Metal Exchange overnight. At the opening level, bids amounted to
        867 words
      • Article
        Lock icon SIMEX Report
        1057 10 Reuter [SINGAPORE) Slmex Euroyen and Japanese government bond (JGB) futures came under pressure from stop-loss selling orders to end easier, but above crucial support levels yesterday. "June Euroyen was sold down in large lots from 99.43. Trade was thin before that and once the stops were triggered, it
        Reuter  -  1,057 words
      • Knight-Ridder Commodity Summary
        • Article
          M'sia tin smelters at full capacity in' 96?
          128 10 [KUALA LUMPUR] Despite worries about Peruvian supplies, Malaysia's tin smelters say they expect to again run at full capacity in 1996. Malaysia Smelting Corp's general manager Lai Fook Hoy said the firm will continue to get concentrates from Peru, a key supplier,
          128 words
        • Article
          India's coffee growers to go to court
          160 10 [BANGALORE] India's big coffee growers are going to court against the state-run Coffee Board to battle a directive forcing them to hand over 30 per cent of produce to the board. A grower's spokesman said the board's rule will face a legal challenge.
          160 words
        • Article
          Taiwan to fully liberalise floor imports
          141 10 [TAIPEI] Under pressure from the Taiwan Confectionery, Biscuit and Floury Food Association, Taiwan's Council of Agriculture yesterday decided to frilly liberalise flour imports, a COA official said. Current laws allow imports of flour amounting to 3 per cent of the nation's annual consumption, the
          141 words
        • Article
          EC report on Impala-Lonrho merger
          59 10 [LONDON] The European Commission will review a proposed merger between Impala Platinum Holdings (Implats) and Lonrho's platinum interests in the next four months, Implats said yesterday. The EC is expected to announce its conclusions by early May 1996. An announcement stating that Implats shareholders had
          59 words
    • Article
      COMMODITY PRICES
      1088 10 HCOM FUTURES iwr 22 MH0BCI(M*Mcitol»<Mit5-3Op«) tfl I COIITIACT(ScMtiA<) CIom VoMmo Opw HWt> Hm> Low Sott (towns) (rtortrt 218.00 MOO gftt 217.50 3I7S mn 220.50 217.50 217.50 MOO 2875 A*NmU 2M.50 213.00 215.50 300 ***** 2W.OO moo ip*C H 219.00 213.00 216.50 2250 3000 i||yU<WTIAeT«ttc«*i/l«) VotaM Opon '♦SSL-. 58*
      1,088 words
    • WORLD STOCK MARKETS
      • Article
        London
        575 11 +2&0 EQUITIES dealers were in bullish mood as the market closed, expecting a steady to firmer performance in the last trading days of 1995, with the possibility of further gains in the early part of next year. The FTSE-100 index ended 25.0 points up at 3,658.3 when the market
        575 words
      • Article
        New York
        714 11 +17-34 US stocks rose amid optimism that a compromise will be reached on balancing the federal budget. Also expected to ftiel gains were signs that the flow of new money into mutual funds remains strong. President Bill Clinton and congressional leaders were scheduled to meet yesterday to discuss
        714 words
      • Article
        Untitled
        370 11 tatocaiavr hit n»uM %4* *y» *<* **r *#v 0111| totftx ClMfl ClMfl ClHB§l QMMJ9 ClMft Wart* 5MJ 0.6 1*J 0.* MJ M IU t CATC *07 J 0.7 7J OA S3 OJ «J Um mi a* 117 10 1U M W FacSk ttU 0.0 X* OJ u ao u Far
        370 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2284 11 *9111 STOCKS rose to their highest level in a year, led by brokerages and car makers on expectations for strong profit growth. The Nikkei Average rose 91.17 points to 19,744.42 the highest close since Dec 29, 1994. The Nikkei 300 Index gained 1.69 to 295.69. The Topix Index rose
        2,284 words
      • Article
        Sydney
        687 11 ♦aJ Shares closed slightly higher after a shortened half-day of trading Friday ahead of a fourday Christmas break. "The market was firm but a lot of the market turnover was to do with the expiry of options yesterday. If it hadn't been for that, the market would have been
        687 words
      • Article
        Taipei
        357 11 -LSI Share prices finished marginally lower as some investors locked away profits, with textile and food shares posting major losses. "Following yesterday's handsome gains, some investors rushed to take profit while the market underwent correction," said a trader. The 321-issue Weighted Price Index declined 1.91 points to 5,091.94. Turnover
        357 words
      • Article
        Manila
        336 11 -Ll3 Share prices fell in listless trade as fund managers retreated for the Christmas holidays. "Most foreign fund managers have packed up and left for the holidays," said an analyst. The PSE Composite Index fell 1.13 points to 2,560.65. Turnover was 2.89 billion shares valued at 1.42 billion pesos.
        336 words
      • Article
        Wellington
        390 11 ♦14.06 Stocks rose, led by forestry and energy group Fletcher Challenge on expectations that foresters will record strong cash flows next year, traders and analysts said. "Pulp and paper stocks will still generate substantial cash flows," said a forestry analyst. "That sentiment offset concerns about rising inventories." "It will
        390 words
      • Article
        Seoul
        538 11 -5J2 Stocks declined after rising for three days as banks and other institutions sold unprofitable shares ahead of their book-closing for fiscal 1995, ending Dec. 31, traders said. "It's inevitable for our portfolio at this time of the year," said a fund manager. The Composite Price Index declined 5.12
        538 words
      • Article
        Bombay
        134 11 +&81 Shares finished higher but wiped out most of the gains during the session on profittaking. The 30-share BSE Index closed 6.81 points up at a provisional 3,112.01 after touching a high of 3,128.08. The 100-share National Index finished 9.46 up at 1,429.49. "Today was the last trading day
        134 words
    • Article, Illustration
      Lock icon HONGKONG
      2434 12 AFX-Asia PI Ham Sen* *24M SHARE prices closed up in a day of lacklustre trade as the market wound down for the Christmas break, dealers said. The Hang Seng Index closed up 24.59 points at 9,932.20 on low turnover of HK52.44 billion. Trading was thin across the board, with
      AFX-Asia; FRANCIS  -  2,434 words
    • Article, Illustration
      Lock icon CHINA
      659 12 AFX-Asia, Reuter P Shanghai B Share Index -&33 SHANGHAI A and B share prices closed lower on concerns that more companies have received approval to list, dealers said. The B Share Index fell 0.33 point to 48.49, with 1.19 million shares changing hands worth U*****,900. The A Index was
      AFX-Asia,; Reuter  -  659 words
    • Article, Illustration
      Lock icon BANGKOK
      1190 12 Reuter F1 SET Index jij DESPITE several bouts of profittaking, Thai stocks ended the day higher after a rally just before the close, brokers said. The SET Index finished 9.91 points higher at 1,283.30 on 7.1 billion baht turnover. Gainers led decliners 196 to 93 while 106 issues were
      Reuter; ALLAN  -  1,190 words
    • Article, Illustration
      Lock icon JAKARTA
      1027 12 Bloomberg Business News Composite Intel +7.81 STOCKS rose for a second day, led by Telkom, as foreign investors bet that this week's cut in US interest rates may result in higher profits for Indonesian blue-chip companies. "People are saying: 'We've seen the top of the interest rate cycle in
      Bloomberg Business News; BCRUZ  -  1,027 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares close lower on profit taking
        6932 13 KUALA LTJXPURReports Bloomberg Business News CI Composite Index -9J2 MALAYSIAN share prices were lower in quiet trading following profit-taking on second and third liners as well as blue chips, after recent gains and due to the prevailing holiday mood. In thin and lacklustre trading,
        Bloomberg Business News; ALLAN  -  6,932 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3168 14 c# wt ItM LMt V«l Dm LMt Ourti Y M Am HI* Lot It* Cii>ny Sala aor- rOOOl HM lot Biiyar Mm Mo M 45 3000 m AMOfl cS.5%*****6 41 47 44 374 120 m 3001 Ancol W*****5 272 until 226 274 272 272 274 274 53-5 47.5 3V43 mAmttaaiWOO
        3,168 words
      • Article
        Rights which are worth watching
        211 14  -  WARRANT WATCH By. R Sivanithy AMONG the top percentage gainers yesterday were Centre point Properties' nilpaid rights to its warrants. These rights look interesting, especially as property stocks seem to be featuring increasingly in the minds of many investors lately. The rights are to subscribe
        211 words
    • Article
      CLOB INTERNATIONAL
      1968 14 MAUYSUM STOCKS M' t Or Or <**S Laat Val Day LaatQaata M* Mv YM Nat HC# HHP Um »toa Ciwawiy «ala COOP) Mini Law Buyar BaBar CNr P/K S MOO AISBSOc 4B ti 5 O 420 4B 4B 430 S3 U (3 443 «Tr 420 703 5001 AMOeSOc
      1,968 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1671 15 TWNQVEICQOO) VALUE (*000) Q» T«« ttm <m Tttol MMhU 89,0*9 12,9*1 102,030 252,059 24.892 274,981 riMNC* K739 3,00 ***** 145.298 4.89* V49.994 MM 2.84* 414 3,0*0 *42 7,090 Proo»ftJ*» 10.700 1*44 VM44 48,050 4,487 52.507 PtMUtton '.053 1093 2,482 2,482 MM* 809 809 13*7 1.5*7 8LW 15,519 3,297 JMJ* 24.891
        1,671 words
      • Article
        MAIN BOARD
        4301 15 Or Or M Wt ***> LMt V fL °*V LmIOinM ON (Mv YM Nat Cap Avg MN> StMa Cawpany »H COOP) Mjjfc U» Bwyar »««tf Cvr P/E $mM Prtca INMOTUALS 2*) 176 1258 AcarSOc US190 -2 129 192 190 190 191 12.9 314.5 490 318* mt 1000 Acm«50c
        4,301 words
      • Article
        SESDAQ
        832 15 Or Or H«t '••9 ta* *a» Day Laat OmU Mr OK W MM Ca* Av* "N> u» ciiui rooot n» t— tmrm urn* or pn jam w SESOAO 322 40 2000 ABRHMftSc 283 uncti 331 291 263 263 2H W.0 it OJ 6LS 125.1 2M 280 SO 2001 Asiamatrti
        832 words
      • Article, Illustration
        Lock icon HOT STOCK
        75 16  -  By Teh Hooi Ling CAUSEWAY Investments, which rose about 30 cents over the last three weeks, appears to be running out of steam. l It fell three cents to 51.42 yesterday on a shrunken volumm of 351,000 shares, compared with the 10-day average of 716,000 shares. Directional indicator
        FRANCIS  -  75 words
      • Article, Illustration
        Foreign-tranche blue chips recover after early slide
        877 16  -  Investors sell shares on belief SES may eventually move to end segregation of local-foreign shares STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] Prices in the local stock market closed mixed yesterday, with blue chips enjoying continued attention and Malaysian and local second liners
        877 words
      • ON THE GRAPEVINE
        • Article
          Sembawang eyeing bread maker?
          197 16 SEMBAWANG Corporation, under the energetic EDB chief Philip Yeo, has been linked to numerous movements in the stock market, real and rumoured. Latest talk is that the group is eyeing a stake in bread maker QAF. One analyst noted that this may not be too far-fetched
          197 words
        • Article
          Bearish about KL
          150 16 NOT everyone expects Malaysian stocks to rally in 1996. UK-based research house Independant Strategy believes Malaysia's financial assets, real estate and currency are likely to perform poorly over the next year. "Malaysia remains an Asian success story and we would invest in it for the kmg term.
          150 words
        • Article
          No Mexico here
          144 16 MALAYSIA and Thailand's current account deficit problems are NOT to be compared with those of their Latin American friends, said one US Investment house. Consider this: Malaysia and Thailand's foreign reserves are equivalent to nearly 40 months' current account deficit. In Thailand, coverage is two times better
          144 words
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      708 7 BUSINESS TIMES; TOLL-FREETEL!NO. I-6QO-741-1883 Straits Steamship Land Limited (Incorporated in the Repubhc of Singapore) V Issue of *****,000,000 and U*****,000,000 principal amounts of K unsecured bonds (together referred to as the "Bonds") with up to I 152,934,241 detachable warrants ("Warrants") to subscribe for up to 152,934,241 new shares of 550.50
      708 words
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      45 11 TheßusinessTimes HM 0%2 S9 >. r„ iißali cnpsn, J*-.... nowspapors Avanane on K 0 Ho nftmhng 4OAK uocofnoer 40, iwd K Gat Your Copy Of The Newspapers At Your Nawsstindi Newspapers also available at: Cold Storage, NTUC Fair Price, Petrol Station, Times The Bookshop and 7-Eleven.
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      38 12 ailt .Tj-hr a •Gives you instant access to reliable stock i«fo vo u real-*"' stoC rto help anytime, anywhere. portfolio M^ flg r stock*' L«a jom m*A» timely decisions on your investments. 9 ——WFBliiie A* SPH AudioTei Soviet
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      32 12 Financial News •ft******************************************* A Quick Look At The Markets. Call 24 hours a day for SES KLSE midday reports, dosing worid market reports and business news. OHtJtaaMafeMi MFBline Aa SFH AadteTe* Scrvfcc
      32 words
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      36 13 rti rill Clhin A DADC jiNviAi UKt r AV/AII API P AT IV§* jWAILABLbAI /VI*IT mm mm MM M m. MA M M gMgl M MM Mk ■AJ M m MMMK GIVING YOU THE WINNING EDGE
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      46 14 Game over! What's next? Call Sports News onl9oo-912-0012, F at 30 cents a minute. r r M mm M u a u aw M a vm £m jTm v m »m f 1 wm #i Jft I %r V 19 CUP U V# V Vr fp
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      127 15 Start my m ThrßusinessTimes The" Business Times p Jr, now »»*oa'o«« Address: Date: Futer. Sharper. Deeper Telephone No (H): (O): A bold new look and a fresh approach to the news and views. Occupation: Tlx/Fax*: -nmm »PP«°bfe c I want to subscribe for months at S$ Ass administration charge wi
      127 words
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      274 16 In-Depth Business News from —I 3 fund Singapore 1 Ji., Perspective I—-^1—-^ For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth from I a perspective which is more relevant to I ,ss/Ms occupation: local businessmen than any other Ay publication.
      274 words
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      Page 16 Advertisements Column 2
      761 16 Singapore Closing Share Prices 22/12/1995 CLOSE PREV LOW HIGH t||l|a US$ US$ US$ US$ AWf# Jardin© Matheson 0.60 0.70 0.00 7.00 Jardin© Strategic 3.04 2.00 2.91 3.00 LVKyJ Da|r v Farm 0.83 0.815 0.81 0.83 Hongkong Land 1.54 1.80 1.80 1.84 Mandarin Oriental 1.22 1.21 1.21 1.22 MUSUIiga Jardin© Strategic
      761 words
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      Page 16 Advertisements Column 3
      251 16 IN THE MATTER Of THE COMPANIES ACT. CAP. 30 AND GRAFIXZ DESIGN STUDIO PTE LTD (la Mem ben' Voluntary Liquidation) Al an Extraordinary General Meeting of the abovenamed company duly convened and held at 50 Jalan Sultan •21-04 Jalan Sultan Centre. Singapore 0719 on 19th day of December 1995 the
      251 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Reflections at Christmas
      1061 17  -  The Christmas spirit is alive and well in Singapore, as kathuuui Juuuoo discovers when she exchanges greetings with 10 social and business leaders KATHLEEN HERZIG VISIONS of sugar plums may dance in the heads of some, while others wish for a visit from a jolly, rotund Santa
      ALL PHOTOS BY CHRIS LOH  -  1,061 words
    • STRAWS In The Wind
      • Article
        New identity cards
        70 17 IF ALL you ever wanted for Christmas was a new identity, Ogilvy Mather Singapore can oblige. Most of the Christmas cards they sent to BT journalists had the right name on the envelopes, but completely different ones inside the cards. Paul Leo was referred to as "William",
        70 words
      • Article
        Get in shape, man
        28 17 WHAT are today's kids who are sitting on Santa's lap saying? "You look like a man long on extra-cheese pizza and short on tofu."
        28 words
      • Article
        Just figure it out
        171 17 DOES Santa Claus really exist? A "scientist" on the Internet thinks not, because: Santa has 31 hours of Christmas to work with, thanks to different time zones and the rotation of the earth, assuming he travels east to west (which seems logical). This works out to
        171 words
    • COVER STORY
      • Article, Illustration
        Lock icon 'We'll sit around and eat a lot and talk a lot'
        1117 18 Melanie Chew Military historian and consultant DR CHEW looks forward to spending a relaxing time this Christmas, especially after just completing a new book entitled Leaders of Singapore, which is due in the bookshops at Chinese New Year. The
        ALL PHOTOS BY CHRIS LOH  -  1,117 words
      • Article, Illustration
        Lock icon We'll bring the old folks gifts of food'
        842 19 Tang Wee Song Group MD A chairman, C K Tang MR TAN declares that "Christmas is the best time of the year for me, really". "I feel very grateful at Christmas. Being Christian, I am reminded that it is the time that
        ALL PHOTOS BY CHRIS LOH  -  842 words
    • Article, Illustration
      A sizzling time Down Under
      674 20  -  AUSTRALIA Australians celebrate Christinas in the middle of summer, making the most of the warm, balmy weather By Donald Turner POR Australia to experience the blanket of snow normally associated with Christmas would take a freakish set of weather conditions, but that does not dim
      674 words
    • Article, Illustration
      Lock icon Silent nights, Hongkong nights Silent nights, Hongkong nights
      799 20  -  Christmas means different things in different lands, but wherever you are inithe world, chances are Dec 25 will be be celebrated in one way or another The colony is experiencing its bleakest Christmas in years with rising unemployment and a sluggish retail
      HONGKONG TOURIST ASSOCIATION  -  799 words
    • Article, Illustration
      Double celebration in Bangkok
      458 21  -  THAILAND The city is all lit up to mark King Bhumibol Adolyadej's birthday on Dec 5, and also to cash in on Christmas By\ Loh Hui Yin The writer is BT's Bangkok correspondent. ALMOST like a magical makeover, Bangkok in December takes on a lighter, more
      458 words
    • EPICURE
      • Article, Illustration
        Perfect settings
        853 22  -  Make your Christmas or New Year meal a sight to remember, oobdiiibsbbk gets some tips from Christofle consultant Pascale Garcia on how to get your table looking as great as your food CORINNE KERK NOW THAT you've carefully picked the menu for that celebratory dinner you're hosting this
        853 words
      • PEOPLE
        • Article, Illustration
          Festive firs and charitable spirits
          211 22 THE ANNUAL Raffles' Gala Christmas Tree Dinner Auction last week at Raffles Hotel ballroom closed on an outstandingly high note. Education Minister Lee Yock Suan and Mrs Lee were the guests of honour in an evening attended by eminent local business and social personalities. From
          211 words
      • Article
        On par with the world's best
        784 22  -  WINE CONNOISSEUR Award-winning Los Am« has opened a shop that should delight wine lovers By N K Yong THE AMERICAN wine magazine Wine Spectator, arguably the most widely-read wine magazine in the world, annually invites submissions from restaurants worldwide for its Restaurant Wine List
        784 words
    • Article, Illustration
      CINEMA
      1092 23 Affair Play. Dutch movie. A man is pathologically jealous. To; save his marriage, he asks a golfer to seduce her. R(A). Yangtze: 1; 3; 7; 9. Golden: 3pm. V Babe. A lonely little pig is adopted by sheepdogs and achiever shepherding greatness. Don't miss this one. Lido: 11.15; 1.30;
      1,092 words
    • CHRISTMAS AROUND THE WORLD
      • Article, Illustration
        Lock icon God rest ye merry gentlemen
        625 24  -  Christmas nowadays may be little more than an occasion for shopping and feasting, but some traditional values remain Many things have changed since the days of Dickens, bnt the energy with which London embraces Christinas is still a marvel to behold By] Emma Wharlow The
        BRITISH TOURIST AUTHORITY  -  625 words
      • Article
        Mary's boy child, Jesus Christ
        574 24  -  ITALY The presepio or Nativity Scene is given pride of place in homes all over the conntry By\ Goh Hwee Leng The writer is married to an Italian restaurateur. Preparations for Christmas begin weeks before the actual day. Unlike Singapore, which puts festive emphasis on
        574 words
      • Article, Illustration
        Lock icon The networking season
        602 24  -  THE UNITED STATES In Washington, private parties are held where officials, power brokers, lobbyists and journalists can meet and talk politics By] Leon Hadar The writer is BT's Washington correspondent. IN WASHINGTON, Christmas begins with the lighting up of the National Christmas Tree, located on the Ellipse
        PHOTOBANK  -  602 words
      • Article
        Noel, Noel!
        635 24  -  ■FRANCE Both Catholic and commercial, chic and crass, Dec 25 in Paris comes with its own special sparkle By I Salil Sarkar Journalist Salil Sarkar is based in Paris. IT DOESN'T snow much in Paris, so old Santa Claus can't really drag his reindeer and sleigh through the
        635 words
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      7 17 Epicure Dress up your table. EL 6
      7 words
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      236 17 ]T~3B Celebrate! Christmas in different EL 4,5, A 8 OCo/ aff worJis of 18 carat gold and 'chased' with the art t/iai appreciate htlp oflB,h ntury ,ook "n0 two timepieces are the same. over time are created The result is absolute perfection on canoas. I g J in time-keeping intricacy
      236 words
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      505 19 yM HB TA 1 iijm JiiMlJaffJCu MM I a p*v Ih9 HHBKT 1 I KshXS BBHBap£ r i I jLfl 1 I m ■kv-i II H I IJ HH it'g,-^^^—inii^-. A.'i-' 1 |m Kill j I v v ■91 Sfll If' B I! 41 1 IBipl if 4 lilt I
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      785 20 I SgSgzi, |l 11 fflJ I Il'M ffTAI IPM :\aw J. WHERE TO WINE. DINE AND ENTERTAIN I W WORLD S LARGEST SELLING BEER JK I II I I MOREJHAN JUST SEAFOOD! Besides live seafood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge!
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      185 20 =v I fancy 'Beijing? I Then, we're dtlighttd to suggest the Tint Court for ammorablt dining experience. Our lunch menu offers a variety of {km <** fifing dumplings, a selection of ga set menus, and 'Beijing specialities HhtT such as "Beijing 'BafydTench and InjcML Marinated Lamb. Jancu some now! CHINESE
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      597 21 Where to wine, dine and entertain fills the I air with (Christmas Sony A ■jAUwHMISU CA N °i£UGVtf BUFFET DINNER. 24th 31st Dec 1995 6.30 PM 10.30 PM Adult: $38.00+++ Child $18.00+++ For reservations call *****81ext 463. APOLLO HOTGL SINGAPORE «U HAVEIOCK ROM). SMGAPORE WUI 1(1 7111M1 TELEFAX. >141 SW
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      Page 21 Advertisements Column 2
      227 21 Eve Dinner Smoked roll rTiWn DIXfUC Tom Turkey A Hooey Ham, IO; ut scuftfe cranberry sauce f mas pudding, brandy sauce person 10% senrlct charge New Dinner mmr P? Gritmfoed combo F^i Wml Fresh sauce 15 0/- wrvice c barge as of lunch and dinner mckjdedi oast Turkey (3.9 kg,
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  • Page 22 Advertisements
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      46 22 fl# H i 4 ff*fl 4r y i ft II "4 <*3 H| tiJ H r*y |mA t ?*f SsmhmSße^P Master,ng OFT| ME FOR THE MAN OFACTION AND DECISIONS. M 30.0243.410 Solid gold MA«mNi CIVITAI TIM! |t| m LT» IMi Nl MM Bef.Qi .0240.410 SMMtan sted
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  • Page 23 Miscellaneous
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      2172 23 TODAY'S TV ■n mmma^irn-smmhtr.. 11.00 AMM.O.G. as Seen on TV T ISO AM Prog Summary L 6.00 News/CNN LOO PM H «30 Motivasi/Senaman. 1995 (r). 7.00 Berita 3.00 ESPN: 1995 Jose Oquendo 7413 ABN/Asian Re--3.30 Lu You Tang Wan 8.00 Berita Semasa. (Shaoxing Opera). 832 Sarapan Malaysia. 0.00 Chinese Acrobatics.
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      255 23 RADIO Composer Of The Month, Play Of The Week-The Snow BBC, Sunday, L3opm Queen, BBC, Sunday, 730pm Whatever the id iom Aaron When little Gerda's playmate Copland writes in, his own is persuaded by the Snow voice is very clear—a musical Queen to live in her chilly ice language that
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