The Business Times, 29 December 1995

Microfilm: NL20504
Total Pages: 22
1 22 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE FRIDAY, DECEMBER 29,1995 85c
    13 words
  • Article
    MARKET SUMMARY
    71 1 sra 2254J9 (-17.16) m itookp mm MMA(-5.29) m IT-MSA U 106LM (-7.41) mm MAUETHOOD: L 3 up 8WCI Mingy IMMCBB Thursday Ckuge KLSECOMP 993.93 +9.81 NIKKEI *****.13 -138.0 HANG SENG 9998.17 +12.94 SET INDEX I271.lt *14 JAKARTA COUP ***** MANILA COMP -25MJ7 +24.98 TAIPEI WP! 5104.56 +33.01 SEOULCOMP
    71 words
  • Article
    FINANCE
    68 1 EXCHANGE 1ATES ust St list 1.414 I !M .AMI DM MM .9.988 YM 6J75 1J78 ilt MM 1.596 HK» lit* 0.183 BAHT 0m .0.656 RUPIAH 1« 0044. 0.062 FUME BATES SINGAPORE* 144 KUALA LUMPUR. 8.15 JAKARTA 17.50 BANGKOK 11.75 MANILA 15.00 HONGKONG 9.06 TAIPEI AM SYDNEY 10.75 TOKYO 2J0
    68 words
  • Article
    Takeover talk as new group moves in on Pacific Can
    496 1  -  Pan-Pacific Capital buys 19.8% share, plans to boost stake in company By William Chia [SINGAPORE] Diversified can maker Pacific Can Investment Holding Ltd could become a takeover target again with a new group acquiring a 19.8 per cent stake and
    496 words
  • Article
    Court orders Baring Futures (S) ex-directors to help locate assets
    444 1  -  By\ Conrad Raj [SINGAPORE] The High Court yesterday issued an order to the former directors of Baring Futures (Singapore), including chief executive Peter Norris, to help the liquidators locate all the assets of the Singapore company. Apart from Mr Norris,
    444 words
  • Article, Illustration
    Ho Ching is back as MD of Singapore Technologies
    270 1  -  By Chuang Peck Ming [SINGAPORE] Barely a month after unexpectedly quitting as managing director of Singapore Technologies, Ho Ching is returning to take up the same post. The diversified govern-ment-linked company, which made the announcement in a one-sentence statement yesterday, gave
    270 words
  • Article
    SES slaps sanction on Lum Chang bosses
    541 1  -  Company reprimanded for serions breach of disclosure policy By, Abdul Hadhi [SINGAPORE] Lum Chang Holdings, its executive chairman Raymond Lum and managing director David Lum were reprimanded by the Stock Exchange of Singapore yesterday for a "serious breach of the corporate disclosure policy".
    541 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      147 1 inside Th® owmtmi crvwd After the strong growth of last year, how has the flow of overseas visitors to exhibitions and conventions in Singapore been this year? Marketing, Pg 3 Pn-Pftdße flbftad tan HUM state is PacCka, this pg. It happens too often to ■IcCan to excite. this pg. Can
      147 words
    • Advertisement
      Page 1 Advertisements Column 2
      44 1 Ka.,l^vJgP» j^piWy *<* M ■ntfr Jni««t; Jt BkMfl I MB g*<gl V B J| |H ARTHUR LEE Are the smiles back at Isetan? Or at least, a sense of relief? Isetan interim results, pg 13 Nikkei rally comes 11 months late for Leeson, Pg 2
      44 words
    • Advertisement
      Page 1 Advertisements Column 3
      50 1 Alfred Dunhill H i I II ak *iiiw. Dress Pen i/fiujae c/tsti/ictfoe c/e&iyst finest cZ/a/no/ii/ r/// </✓?</ Zacyuer/uiisAes uh(Zi tf>t/(4ndt/a/seriaZnu/nZters. 3too cZyb. cFotuitiu/i jbest un/Zi A?c/ niZ*, fiesic/Z, "conoertiZrZe" roZZer/taZZ or baZ^oi/it. i m/S ifivd (/kvtAi/f af C7%e i/arayon,. \per £z/? i/ta/flr* (>//y tun/ {tasty (ioarf. GZassics ta treasure since
      50 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      S'pore and China firms team up for US$640m telecom venture
      394 2  -  Satellite-based mobile phone, data services system will cover Asia-Pacific By, Jennifer Lien SINGAPORE Telecom and a Singapore Technologies subsidiary yesterday signed an agreement with four Chinese parties to provide a satellitebased mobile telecommunications service in the Asia-Pacif-ic from mid-1998. The
      394 words
    • Article
      Singapore in export group targeted by India
      223 2  -  By\ Chuang Peck Ming SINGAPORE is one of 15 countries targeted under India's new and aggressive export policy announced earlier this week. The focus is part of the Indian government's strategy to boost its annual exports to between US$75 billion (Sslo6 billion) and
      223 words
    • Article, Illustration
      Deutsche Bank revamps Singapore operations
      232 2 DEUTSCHE BANK AG, Germany's largest commercial bank, is restructuring the management of its Singapore branch. The bank said yesterday that the branch's joint general manager, Winston Tan, would leave at the end of this week to "pursue his private interests". He would, however, remain affiliated
      232 words
    • Article
      Steel bar prices slide as imports flood Singapore
      371 2  -  Importers turning to re-exports to beat price war, bad debts By\ Siow Li Sen THE prices of imported steel bars are falling as imports flood Singapore. Reinforcement bars and deformed bars, or rebars as they are better known, are now going for
      371 words
    • Article, Illustration
      Lock icon Nikkei rally 11 months too late for Leeson
      589 2 With deeper pockets, the convicted trader may have had a fighting chance AFP BRITISH financial futures trader Nick Leeson would have been a winner rather than a billion-dollar loser if he had been able to maintain his bets on Japan's Nikkei stock
      AFP; Source: Bloomberg; BCRUZ  -  589 words
    • Article, Illustration
      Lock icon Govt bank deposits higher in Oct
      350 2  -  EYE ON THE ECONOMY Finance By Shiv Taneja BANK DEPOSITS by the Singapore government and statutory authorities, which hit a year's low of $14.2 billion in May, increased to $15.6 billion at the end of October. But the amount was still 1.9 per cent
      Source: SAS; FRANCIS  -  350 words
    • Article, Illustration
      Lock icon Venture capitalists here managing $6.9b in funds
      372 2  -  Survey also shows marked rise in seed company investments By\ Diana Oon VENTURE capital funds in Singapore have more than doubled since 1993, managing a total of $6.9 billion as at the end of this year. The Economic Development Board (EDB) reported in
      BCRUZ  -  372 words
    • NEWS Roundup
      • Article
        Two Bus-Plus discaounted fares up 500
        92 2 FROM Jan 2, passengers using Bus-Plus Service 4, a peak-hour scheduled service between West Coast Park and Orchard Road, will have 0 pay 50 cents more when the discounted fere is increaaed to $3.50. The fere for Bus-Plus Service 7 which plies between Meyer
        92 words
      • Article
        Lock icon Heritage Day celebrations
        102 2 The Straits Times THE National Heritage Board is celebrating Heritage Day 1986 with an open day at the National Museum tomorrow. Entry to its exhibitions, including the 50th Anniversary of the End of World War n, Haw Par Jade Collection and Traditional Weddings, will be free between
        The Straits Times  -  102 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      131 2 IKIPMI BANK MONITMAX gives you MUUTT COMTBOt over your money with these excellent features: A MONTHLY STATIMINT detailing all transactions, including who you pay your cheques to. Automatic OMOIMBOOK MMANMNMINT Attractive OAILT INTIMST Instant approval of OVIIIRArr facility that's tied to time deposits. •ATM and MONUANKINO service at your fingertips
      131 words
    • Advertisement
      Page 2 Advertisements Column 2
      34 2 do (kg <t For Reservations A (JrlvvMh Tel: *****12 /13/ 14 Fax 65 *****66 0 -1 MIKIMOTO The Originator of Cultured Pearls Since 1893 C. T. HOO lOlv 2 Tangln Shopping Contra, Singapore SS
      34 words
Page thumbnail Page 3
  • FOCUS: ADVERTISING & MARKETING
    • Article, Illustration
      Foreign convention visitors on the rise
      302 3  -  1995 arrivals estimated to exceed 1994's and total about 70,000 By. Agnes Wee [SINGAPORE] THIS year, the number of foreign visitors attending conventions and exhibitions in Singapore is expected to be higher than last year, even though it is an odd-num-bered year and growth
      302 words
    • Article
      MEETING PLACE
      50 3 Duration TWt Vmm OriMlur Dk30*95-Waddtaf FasthnCW Singapore Ml Fan Horn JMl"96 ConvonNMt ExMMtkMi EiMMHmCtr EwfitMqt Ttfc29M320 Jm6-14 CMm Multa TrMt WorWTraM XFO ConwttMt Svcs Tourism. Aits Cutturt C«ntr» Tet 455-1566 HJstortcjl ExhiMtion Jm 10-14 MaUy VMdtafH/TraM VorMTrM* Rt Art Expo H*Ui Food CMtrt CowwnkjbOM Tot 737-3309 Source: STPB
      50 words
    • Article, Illustration
      Lock icon Radio fastest-growing UK advertising medium
      462 3 Increasing ability to market industry as viable medium Reuter [LONDON] In a country where state-operated radio has long been king, British commercial radio quietly continues to be the nation's fastest-growing advertising medium a trend expected to continue for another five or six years, industry analysts
      Reuter  -  462 words
    • COPY Lines
      • Article
        Entries called for Creative Circle awards
        79 3 [SINGAPORE] Entries are now open fior the 1996 Creative Circle awards. All entries must have been developed in £1 Singapore and appeared in Singapore or regional/international media between Sep 4,1963, and 31,1995. Entries can be sent to The Singapore Creative Circle Awards, c/o Department
        79 words
      • Article
        Coca-Cola voted top in China surveys
        59 3 [SINGAPORE] Coca-Cola was voted the most popular brand in a survey conducted by the Chinese Enterprises Management Association, the Chinese Entrepreneurs' Association and the Chinese Enterprises Information Exchange Centre. In another survey by China Central TV station and the Chinese Statistics Bureau, Coke and
        59 words
      • Article
        Marketing awards results in January
        30 3 [SINGAPORE] The results of the Singapore Marketing Awards 1996, sponsored by Digital Equipment Singapore, will be announced next month instead of this week. V i
        30 words
    • Article
      A three-pronged winning strategy for ad agencies
      524 3  -  Re-organise, change tactics, outsource: marketing adviser ffyi Chan Siew Ling [SINGAPORE} Re-organise, change tactics and outsource. This winning strategy for advertising agencies was proposed by Philip Fusco, senior vice-president of Daedalus Marketing International. Mr Fusco was deputy president of the Australian marketing institute
      524 words
    • Article, Illustration
      More plastic used in December
      262 3 [SINGAPORE] The use of credit cards in Singapore has gone up, judging from figures MasterCard International released yesterday. For the two-week period ended Dec 22, MasterCard recorded 302,159 transactions worth $34.25 million. Value-wise, this is up 13.6 per cent from the 268,597 transactions worth $30.1
      262 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      240 3 S/eef: Only T)anief of over 350 parts, glitters with an CRo(£ can fum it in/o original design and finUh ,o ,<#*l, match the case. The face is a marvel in a precious meiaf. itself: lovingly crafted and guillochi by One look at any Daniel Roth hand, in accordance with tradition.
      240 words
Page thumbnail Page 4
  • SOUTH-EAST ASIA
    • Article
      Lock icon Indonesia eases guidelines on political meetings
      354 4 JAKARTA Mm comes as minister gives upbeat assessment of security outlook, say media reports Reuter INDONESIA has scrapped a requirement for the public to obtain permits to hold seminars and political meetings as a minister gave an upbeat assessment of the 1996 security outlook,
      Reuter  -  354 words
    • Article
      Lock icon Suharto sees growth exceeding 7.1% target
      181 4 JAKARTA AFP, Reuter INDONESIAN President Suharto forecast yesterday that the country's economic growth would exceed 7.1 per cent in 1995, a government official said. Indonesia's five-year economic development plan, launched in April 1994, targets annual economic growth of 7.1 per cent. "The president has
      AFP,; Reuter  -  181 words
    • Article
      Lock icon President orders tighter controls on graft
      206 4 JAKARTA Reuter [JAKARTA] Indonesian President Suharto ordered his cabinet yesterday to intensify controls against corruption, days after clearing a minister of misappropriating funds. "Ministers and leaders of government institutions must act speedily and firmly if there are signs of deviation, leakage, and extravagance," Mr
      Reuter  -  206 words
    • Article, Illustration
      Lock icon Plain sailing into '96?
      54 4 [JAKARTA] A trader throwing a paper plane to celebrate the last day of trading for 1995 at the Jakarta Stock Exchange yesterday. This year saw the exchange move into a brand new building and marked the introduction of a computerised system that many say has greatly
      AFP  -  54 words
    • NOTE Book
      • Article
        Lock icon Manila death squad's No 2 held
        80 4 AFP [MANILA] Philippine President Fidel Ramos said yesterday that the arrest of a left-wing death squad's No 2 officer "should deal a big blow to this group of misguided terrorists". A government statement confirmed the arrest on Wednesday ofVictorio Ferdinez who was described as
        AFP  -  80 words
      • Article
        Lock icon No compromise on Philippine oil sector
        93 4 AFP [MANILA] Philippine legislators yesterday foiled to hammer out compromise laws to deregulate the country's oil industry, but vowed to try again next month. Representatives of both the Senate and House of Representatives met in a committee charged with forging a compromise on divergent
        AFP  -  93 words
      • Article
        Thai growth slows in November
        86 4 [BANGKOK] The Thai economy's expansion slowed last month from October as private investment growth foiled to pick up, the Bank of Thailand said yesterday. The central bank said private investment increased 14.2 par cent year-on-year in November. The year-on-year rise for October was also 14.2
        86 words
      • Article
        Lock icon Indonesia to license Inti
        57 4 AFP [JAKARTA] The government {dans to license equipment manufacturer P T Industr i Telekom unikasi Indonesia (Inti) as a provider of wireless telecommunications. Minister of Tourism, Post and Telecommunications Joop Ave said on Wednesday state-owned Inti would be allowed to operate one of the digital cellular
        AFP  -  57 words
    • Article
      Lock icon Ho Chi Minh City's GDP up 15.3%
      262 4 HANOI Vietnam expected to post 9.5% growth as city sees record growth in output AFP HO CHI MINH City saw record growth in output this year, with the gross domestic product of the Vietnamese economic hub up 15.3 per cent on 1994, a
      AFP  -  262 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      257 4 j —m liitiyiiim []'>-■ ■mniwni, >• T "liM-1 j.»v-.i. r r i rft fir THEY SAY THE COE HAS DROPPED. DO SOMETHING ABOUT IT NOW. /W inkling something was going to replace BMW and "...add to this its superb German quality and the handling benefits of rear wheel Mercedes in
      257 words
Page thumbnail Page 5
  • CHINA-HONGKONG-TAIWAN
    • SINO Brief
      • Article
        Lock icon Firms dumping exports will be fined
        55 5 Bloomberg Business News [SHANGHAI] China will fine companies that dump exports at below cost to lift their overseas sales numbers, the Business News reported. In the past two years, the European Union and the US have levied anti-dumping measures against several Chinese companies, including
        Bloomberg Business News  -  55 words
      • Article, Illustration
        Lock icon Shanghai store makes front page
        53 5 AFP [SHANGHAI] Chinese newspaper Business News covers the First Department Store of Shanghai with a huge mock-up of a front page to congratulate it on topping in sales. First Department Store has been named the store with the greatest sales volume in China 10 years
        AFP  -  53 words
      • Article
        Lock icon Forest restrictions on bonded zones
        36 5 Reuter [BEIJING] China's State Administration of Exchange Control has introduced foreign exchange restrictions on enterprises in bonded zones in which imports and exports are exempt from duty, the Financial News said.—Reuter
        Reuter  -  36 words
      • Article
        Lock icon Dissident loses final appeal
        28 5 AFP [BEIJING] China's best-known dissident, Wei Jingsheng, lost his final appeal here yesterday against a 14-year prison sentence for conspiring to subvert the government.—AFP
        AFP  -  28 words
      • Article
        Lock icon Deng not ill, says foreign ministry
        24 5 Bernama-Kyodo [BEIJING] China's foreign ministry yesterday denied rumours that the ailing 91-year-old Deng Xiaoping was seriously ill. —Bernama-Kyodo
        Bernama-Kyodo  -  24 words
    • Article
      Lock icon Taiwan plans large-scale govt spending
      282 5 TAIPEI Move is aimed at averting serious economic slowdown Reuter TAIWAN said yesterday it will boost its flagging economic growth by "large-scale" government spending in 1996 and by launching a rapid expansion in public construction. The Central Bank of China, Taiwan's central bank, also said
      Reuter  -  282 words
    • Article
      Lock icon 2 more casualties in Chinese press war
      276 5 HONGKONG AFP A THREE-WEEK-OLD price war raging in Hongkong's Chi-nese-language press has claimed another two victims, a newspaper and a weekly magazine. The financial daily, Huan an Jingji Journal, ceased publication yesterday, while lifestyle magazine. Leisure Times, will appear for the last time
      AFP  -  276 words
    • Article
      Lock icon China to slash tariffs by 35%
      426 5 BEIJING The cut, effective April 1, will bring the overall level of China's tariffs down to 23% AFP CHINA announced yesterday it would slash its trade tariffs by 35 per cent from Apr 1, in line with pledges made by President Jiang Zemin last
      AFP  -  426 words
    • Article
      Lock icon Import tax breaks for foreigners to end
      213 5 BEIJING Reuter CHINA will end the tax breaks for imports of equipment and raw materials for new foreigninvested companies from April 1, 1996, a State Council circular said yesterday. The circular, issued by the Xinhua news agency, said China's five Special Economic Zones
      Reuter  -  213 words
    • Article
      Lock icon Preparatory Committee line-up approved
      120 5 BEIJING Reuter CHINA yesterday approved a 150-strong committee, with more than half its members from Hongkong, that will decide the shape of the territory's government after the British handover in 1997, an official said. The Preparatory Committee, comprising 150 men and women, was approved by the
      Reuter  -  120 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      315 5 Totally Ceramics: the new Rado 'Sintra'. Simply captivating! The new Rado 'Sintra' with its avantgarde design, lustrously brilliant platinum-like look and the uncompromising use of an exceptional material: scratchproof, enduringly beautiful high-tech ceramics. But it's when you put this watch on that you really get to know it: cool, smooth
      315 words
Page thumbnail Page 6
  • ASIA
    • Article
      Lock icon Korean builders to reap US$8.6b in orders abroad
      304 6 SEOUL Figure at 12-year high; orders from 41 countries, mostly in Asia AFP, Reuter [SEOUL] South Korean builders are set to reap a 12-year record high in orders, with a value of US$B.6 billion (5512.2 billion) for the whole of 1995, the
      AFP,; Reuter  -  304 words
    • Article
      Lock icon Exit ban imposed on 39 people
      189 6 SEOUL AFP [SEOUL] South Korea yesterday imposed exit bans on 39 people, including five lawmakers as part of investigations into the 1980 massacre in Kwangju and former president Chun Doo Hwan's slush fund scandal. The 39 included former economic aide and finance minister Sakong
      AFP  -  189 words
    • Article, Illustration
      Lock icon Winter wonderland
      34 6 [SEOUL] A man walking past snow-covered statues of playing children in Seoul Meteorologists are forecasting that this winter will be the coldest the Korean peninsula has seen in the last decade. REUTER
      REUTER  -  34 words
    • Article
      Lock icon Pyongyang food crisis may come in March
      231 6 SEOUL AFP NORTH KOREA'S food crisis may come sooner than the widely-predicted date of mid--1996, a South Korean expert on North Korean agriculture said in a report published here yesterday. "North Korea will face a food crisis in March," said Kim Woon Keun,
      AFP  -  231 words
    • Article
      Leap in Sino-Aussie trade
      189 6 HONGKONG Soaring trade and investment may hit HKssfa this year [HONGKONG] Trade and investment between China and Australia is growing at a record rate and could reach nearly HK$5 billion (Ss9l3 million) this year, the China News Service (CNS) reported. The semi-official news agency said trade
      189 words
    • Article, Illustration
      Lock icon Japanese minister hints at polls by September
      206 6 TOKYO UPI JAPAN is likely to have a general election by next September, Finance Minister Masayoshi Takemura was quoted as saying yesterday. The head of the centrist New Sakigake Party told a Japan Broadcasting Corp programme to be shown during the New Year
      UPI  -  206 words
    • ASIA Notes
      • Article
        Lock icon Enron-Maharashtra patch-up reported
        48 6 Bloomberg Business News [BOMBAY] Enron Corp and India's Maharashtra state has reached a compromise that will allow the US firm to resume construction of its generator, Financial Express reported. Maharashtra had said it would decide by Jan 15 whether to revive the project—Bloomberg Business News
        Bloomberg Business News  -  48 words
      • Article
        Lock icon Sri Lanka to introduce GST
        56 6 Reuter [COLOMBO] The Sri Lankan government will present to parliament in January a bill proposing a goods and services tax (GST), central bank governor A S Jayawardena said. The bill is due to be presented with a proposed mid-year implementation date, he said. GST will
        Reuter  -  56 words
      • Article
        Lock icon Mirage sale to Pakistan upsets India
        57 6 AFP [NEW DELHI] India is concerned that a French sale of Mirage 2000 fighter planes to Pakistan would upset the strategic balance in the region, French Senator Jean Francois-Poncet said here. Foreign Minister Pranab Mukherjee had expressed concern the sale would upset the strategic
        AFP  -  57 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      1207 6 DThe HourGlass Limited (Incorporated In Singapore) ANNOUNCEMENT RESULTS FOR THE HALF YEAR ENDED 30 SEPTEMBER 1995 The Board of Directors of The Hour Glass Limited is pleased to present their report on the unaudited results of the Company and of the Group for the half year ended 30 September 1995.
      1,207 words
Page thumbnail Page 7
  • THE WORLD
    • Article, Illustration
      Will the new year be any better than the old?
      693 7  -  WORLD VIEW 1996: time for elections, business risks and supranational organisations By Kevin Sullivan THE YEAR of 1995 was a shocker. Africa gripped by genocide, machetes scything refugees; massacres in Bosnia and Israel and Oklahoma and Tokyo and Paris and
      693 words
    • Article
      Lock icon Tietmeyer: German rates at record low
      94 7 MUNICH Reuter BUNDESBANK President Hans Tietmeyer has said that German interest rates are at a historical low and any cuts will depend on the money supply and general situation. Asked in an interview with Sueddeutsche Zeitung whether official rates would fall further in 19%,
      Reuter  -  94 words
    • Article
      Lock icon French nuclear test triggers outrage
      203 7 PARIS The fifth test on Mururoa Atoll is roughly doable the Hiroshima bomb Reuter FRANCE's fifth, and possibly penultimate, South Pacific nuclear test yesterday triggered a new wave of international protests and demands that the campaign be ended now. Pacific countries led a chorus of
      Reuter  -  203 words
    • Article
      Lock icon Former Daiwa bank manager charged
      151 7 NEW YORK AFP THE former manager of Japan's Daiwa Bank in New York has been indicted on charges of conspiring to defraud the US Federal Reserve, and could face up to eight years in prison. The two-count indictment lodged on Wednesday against Masahiro Tsuda accuses
      AFP  -  151 words
    • WORLD Watch
      • Article
        Lock icon Gorbachev may run for president
        66 7 Reuter, AFP [PARIS] Former Soviet president Mikhail Gorbachev said in remarks released yesterday that he does not exclude running in Russia's 1996 presidential elections. Asked by Figaro magazine whether he might be the best presidential candidate for the centre-left, he answered: "I am not ruling
        Reuter,; AFP  -  66 words
      • Article
        Lock icon Spanish elections in March
        55 7 AFP [MADRID] Spain's legislative elections are to take place on Sunday, Mar 3,1996, Prime Minister Felipe Gonzalez announced yesterday. According to an opinion poll published last week, the right-wing Popular Party would beat the Socialist Party of Mr Gonzalez by 8.7 percentage points, with 40.2 per
        AFP  -  55 words
    • Article
      Lock icon Confidence in US economy down in Dec
      142 7 NEW YORK Bloomberg Business News AFP AMERICANS' confidence in the economy fell for the third time in four months in December, a sign that sluggish consumer spending could carry into 1996 and prevent strong growth. The Conference Board's Index of Consumer Confidence fell
      Bloomberg Business News; AFP  -  142 words
    • Article
      Lock icon US budget talks still caught in a deadlock
      129 7 WASHINGTON AFP WHITE House officials and lawmakers made little headway in resolving the deadlock over the US budget impasse on Wednesday as the government shutdown headed into the New Year. Hundreds of thousands of government workers remain idled for the 12th day
      AFP  -  129 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      282 7 11■ i The teeth behind the Balm, evident from its large bite of the global success of any international corporation. The force market. Tiger Balm has been unleashed into a new HHBB I that puts the roar behind dominant market shares. era through Marketing. Tiger Balm's growth started nearly a
      282 words
Page thumbnail Page 8
  • EDITORIAL & OPINION
    • Article, Illustration
      Jumpy Wall St keeps eye on budget debate
      830 8  -  THE BOTTOM LOVE OPINION By Leon Hadar The writer is BT's Washington correspondent POLITICAL and market analysts have been warning for months that unless Washington responds to Wall Street's concerns and adopts a serious plan to cut the US budget deficit, the
      830 words
    • Article
      IN OTHER WORDS
      140 8 The vital signs are good for now, but the patient still isn't healthy.' David Anderson a senior economic analyst at the Association of European Airlines, on the health of Europe's airline industry. 'A lot of these guys don't last very long, but they cause severe pain while
      140 words
    • Article
      Philippines still safe for investors?
      516 8 EDITORIAL THE startling disclosure early this week by Senator Ernesto Herrera that at least 61 foreigners have been killed in the Philippines over the past three years sends an ominous signal. The Ramos administration's efforts at fighting crime have been patchy, though the problem has
      516 words
    • Article, Illustration
      violent road to riches
      968 8 Foreigners find that business in China is peppered with crimes, murders TO GET rich may be glorious, but as foreign business travellers to China are being made increasingly aware, the means are often pretty inglorious. Visitors to China are reporting a sharp rise in the number
      968 words
    • Article
      WHAT THE OTHERS SAY
      823 8 Islam's success Is Turkey FEW countries are as strategically important to US interests as Turkey. During the Cold War, Washington valued its large army and long land frontier with the Soviet Union. After the Soviet collapse, Turkey's pro-Western leaders have promoted it as a bastion of
      823 words
  • Page 8 Advertisements
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      71 8 UOOSESSURYBy Gary Trudeau I^ON^LCAWERURnON^ I J THLRE ARB Cb£* 100 M/LUON 1 AND TALKING CASPAR GAMBLERS IN THls COUNTRY, I I CLEAR SIX BILLION PGLLARS I II i M l M eT STATUE 4 ARB ALL VERY I INCLUDING 4-MILLION PROB' \I A YEAR! 7WT* t 2 CO PRO- II
      71 words
Page thumbnail Page 9
  • EXECUTIVE LIFESTYLE
    • Article
      Speeding things up on the Net
      451 9  -  INTERNET By, John Lui [SINGAPORE] Here are some tips to get what you want out of the Internet with less pain. Windows users, look elsewhere for help. These ideas are skewed towards Macintosh users as it is the Internet platform this writer is most
      451 words
    • Article, Illustration
      Lock icon Imran says govt is against him
      255 9 PEOPLE AFP (ISLAMABAD] Pakistan sporting hero Imran Khan on Wednesday accused the government of attempting to "destroy" the cancer hospital he founded because he was seen as a political threat. The former national cricket captain said the government of Prime Minister Benailr Bhutto had
      AFP  -  255 words
    • Article, Illustration
      Lock icon A novel about the inexplicable
      1100 9  -  Amy Tan's latest novel deals with things that can't be explained rationally, hah ah ltall reports SARAH LYALL NYT THERE are two sides to Amy Tan, and they are both clear from her appearance. Her demeanour suggests someone who is neat and well organised, but
      NYT  -  1,100 words
    • Article, Illustration
      Lock icon Bondi brawl
      334 10 RECREATION MP calls for stiff drinking laws after riots at Bondi Beach AFP {SYDNEY] Drunken riots which marred Christmas Day celebrations at Bondi Beach sparked calls on Wednesday for stiff drinking regulations to be introduced in the state of New South Wales. A member of the conservative state
      AFP  -  334 words
    • Article
      Lock icon Camilla bent on marrying Charles?
      183 10 PEOPLE AFP [LONDON] Camilla ParkerBowles Prince Charles' mistress is determined to marry the prince and become his consort, according to "senior government sources" quoted by the Daily Express newspaper yesterday. The paper added that friends of Mrs Parker-Bowles said she was tired of conducting their
      AFP  -  183 words
    • Article, Illustration
      Lock icon Lucas on the force that could save Hollywood
      515 12 MOVIES Digital teekaeUfir's a great cast-cotter, says Star Wars man NYT [NICASIO, California! When George Lucas began the movie industry's love affair with computer technology on his first Star Wars adventure in 1977, Hollywood seized on the notion that computers, like "The
      NYT  -  515 words
    • Article, Illustration
      Lock icon Biotech ready for Jurassic Park II
      339 12 MOVIES Plans being made to educate yhiic aheat gmtit fgjnnrnng AP [NEW YORK] The Hollywood film version of Michael Crichton's new book, The Lost World, wont hit cinemas for two years, but the biotechnology industry isn't wasting time. Already If s plotting a strategic
      AP  -  339 words
    • CHATTER Box
      • Article
        Lock icon Janet Jackson may sign deal with Virgin
        63 12 AFP POP singer Janet Jackson is dose to a deal with Virgin Records that would pay her between US$6O million (SgTO.7 million) and US$9O million, the Wall Street Journal reported. "The negotiations aren't complete, but they are close to reaching a pact," according
        AFP  -  63 words
      • Article
        Lock icon Selena on new West Side Story release
        45 12 NYT SELENA, the 23-year-old Tejano singing star who was murdered last April, has another song to her credit, A Bay Like That, which is included in a new release of songs from the Broadway show West Side Story.—NYT
        NYT  -  45 words
      • Article
        Lock icon The day Elvis and Nixon actuaĺy met
        124 12 AFP A BIZARRE 1970 White House encounter between President Richard Nixon and singing legend Elvis Presley has become the subject of a book—and it's 61 pages long. The aptly-titled The Day Elvis Met Nixon, was written by the presidential aide who set up
        AFP  -  124 words
      • Article
        Lock icon Today's selaze is far too sleazy
        80 12 AFP PAUL Morrissey, who made such films as Flesh, Trash, and Heat, may be best known for his portrayals oi the sleazy and bizarre underworld popularised by artist Andy WarhoL But today's generation seems a bit too sleazy and bizarre even for Morrissey. "I
        AFP  -  80 words
    • Article, Illustration
      Lock icon New artists show off
      47 12 EXHIBITION [BEIJING] A man looking at a painting at the Third Annual Exhibition of Chinese Oil Painting which opened at the China Art Gallery in Beijing on Wednesday. The organisers hope that the show will display the strength of emerging Chinese artists. AFP
      AFP  -  47 words
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      972 9 THE BANK OF EAST ASIA, LIMITED VffiM 10 DES VOEUX ROAD, CENTRAL HONG KONG CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 1994 CONSOLIDATED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 1994 1994 1993 1994 1993 HKS9M HKSM9 HK$*9M HK)fM ASSETS Interest income 4,719,291 3,671,727 Cash and short-term
      972 words
Page thumbnail Page 10
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      1014 10 qfjfj At Yunnan, you can dine on our wide offerings of Cantonese cuisine, HunarvSichuan, Hong Kong Tim Sum, Seafood or Yunnan Garden Restaurant 2 Jurong East Street 21 #05-01 BSflEj] (IMM Building) UP! Singapore *****1 IfIWSJI Tel: 568 2228; Fax: 568 2231 ROYAL SHANGHAI RESTAURANT ?ha A.thaatlc Shanghai Cl.ln.J SHANGHAI
      1,014 words
    • Advertisement
      Page 10 Advertisements Column 2
      184 10 I fancy 'Beijing? I < Tfun, we're delighted to suggest the Tau Court for a memorable dining experience. Our lunch menu offers a variety of dian %in "Beijing dumplings, a selection of 1 set menus, and "Beijing specialities H/h7\ such as "Beijing "Balked Tench and lo&***** Marinated Lamb, fancu some
      184 words
Page thumbnail Page 11
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      529 11 Where to wine, dine and entertain Tke onion and lentil |HHHHHPgT I soup* at tke ANA Hotel are world famous and take ages to make. Tkat's kecause tkey use only tke kest stock* and ingredients and rely on tke experience of Singapore's most talented ckefs. Spoil yourself today. AANA HOTEL
      529 words
    • Advertisement
      Page 11 Advertisements Column 2
      119 11 J> For stories, quizzes h A songs, call Children's o" Funland on 1900-910-0001, at 30 cents a minute. We also serve Shanghai Hairy Crab 03#* afS&fc#« Lull New Kirin Court Shark's Fm and Seafood Restaurant 20 Devonshire Rd (off KiUiney Rd) #01-01 Devonshire Building. Singapore *****0 Tel: *****88 I Get
      119 words
    • Advertisement
      Page 11 Advertisements Column 3
      202 11 —r— mi i i j "fa—ffrrffrwiriHw ftvaMjorFrim* oi orbummKuawe.»»to I Sharksfin in Claypot ourKteemmmUOUm Braited Whole Abalone or other MrCaieUmu,M I Lobeter in XO Sauct >rp*WkyTW wctcW*" I Claypot Pmmumttk Tang Horn VIUIL i Curry Crabt Thai-Style rjgp i Steamed Seabaa 1 lil 1 in d»**^ *a& a I THAI
      202 words
  • Page 11 Miscellaneous
    • Miscellaneous
      Page 11 Miscellaneous Column 1
      672 11 TVVRADIO ■■■■■■MHji fIHHMHHHHHWHHHHHHI LOO Live telecast of Friday COO AM World of Nursery prayers from Masjid LOO PM M.O.G. as Seen on TV Tales. Negara. F ow OJO What's Hot (Music, r). COO Pentas Jumaat COO The Adventures of Gulli- 7.00 Good Morning Singapore. 130 Sinar Zaman. L I er
      672 words
    • Miscellaneous
      Page 11 Miscellaneous Column 2
      174 11 CRYPTIC CROSSWORD of value 27 Perhaps she will get cod —or Reftaes to c*nron wllh per- MM round vegetable? (5) even oysters! (9) orming singers vwiwouys sni rrnrw 28 Agrees to write some letters 8 about ten cents as a TmritmDAY'S BQLPTION (11) deposit (8) p H![^'H^^B y d l
      174 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      95 12 THE BUSINESS TIMES LIFESTYLE EXCLUSIVE Ct^aS/#vSa^O DECEMBER RESULTS Congratulations to tha following wlnnars. 2 TOP PRIZES A SD/4N trip to Scotland via Business Class and a tour of the Johnnie Walker Distillery VIP Passes to the 1996 Johnnie Walker Classic Golf Tournament Invitation to the tournament Gala Dinner LOW SIM
      95 words
    • Advertisement
      Page 12 Advertisements Column 2
      1615 12 >_|]+=%<$->__?.&\"^$@(}:_<]!)@> ANNOUNCEMENT BY CITICORP INVESTMENT BANK (SINGAPORE) UMUED ("CITICORP") ON THE INTEREST PAYABLE BY CITICORP UPON THE 5560,000,000 FLOATING RATE NOTES DUE 1997 ("NOTES") ISSUED BY JADEVINE LIMITED. Pursuant to the Endorsement by Citicorp on each Note, Citicorp hereby gives notice to the bearers of the Notes that, in respect
      1,615 words
Page thumbnail Page 13
  • COMPANIES & MARKETS
    • Article
      Isetan S'pore slashes interim loss
      558 13  -  Group puts up remarkable performance, looks to fall-year profits By, Jenny Lam [SINGAPORE] Isetan Singapore's efforts to turn around are starting to pay off the group yesterday reported sharply improved interim results and hopes to return to the black for the full year. For the
      558 words
    • Article
      Orix cuts its stake in Scotts Holdings
      199 13 [SINGAPORE] Orix Investment and Management has reduced its stake in Scotts Holdings to 13.66 per cent from 13.86 per cent with the sale of 475,000 shares on Wednesday a day the counter's price and volume soared. Orix Investment offloaded its shares at $1,258
      199 words
    • Article, Illustration
      Hour Glass decides to sell off Milano pizza business
      410 13 It also reports 1&8 per cent rise in first-half earnings THE Hour Glass yesterday made two welcome announcements the planned sale of loss-making subsidiary Milano Restaurants and a 16.8 per cent rise in interim net earnings to $5.05 million. The divestment
      410 words
    • Article
      Singatronics acquires Melbourne hotel for A$34m
      234 13 [SINGAPORE] Listed Singatronics has bought a freehold hotel in Melbourne for As 34 million (5535.7 million) from a private Australian company. The deal, signed yesterday, is the electronic subcontractor's third investment in the hotel sector in Australia. The 12-storey Parkroyal Hotel is 4 km
      234 words
    • Article, Illustration
      F&N seen to lose some fizz after revamp of Malaysian operations
      595 13  -  BOCK LOCK SEW By Lee Han Shih PRASER NEAVE'S injection of its Malaysian assets into Malaya Glass Bhd (MGB) should be finalised in the next two months. After that, F&N will no longer be the only boss of its
      595 words
    • Article
      Pertama Holdings falls prey to retail gloom
      171 13 Consumer electronics group's interim profit plunges 91% [SINGAPORE] The retail gloom has claimed yet another victim. Yesterday, consumer electronics retailer Pertama Holdings posted a 91 per cent plunge in interim group net earnings to $132,000 for the half-year to Sep 30. Earnings fell
      171 words
    • Article
      Tri-M still in the red with $4m interim loss
      168 13 [SINGAPORE] Contract manufacturer Tri-M Technologies has fallen further into the red. Yesterday, the company reported an interim group net loss of $4 million for the halfyear ended Sep 30. Loss per share came to 13.3 cents. This is a deterioration from
      168 words
    • REGIONAL COMPANIES
      • Article
        Foreigners active in Thai stock market
        485 14  -  Non-Thai investors, mainly S'pore-based, accounted for 28% of turnover this year From Loh Hui Yin in Bangkok FOREIGN investors have been active in trading Thai stocks, accounting for 26.35 per cent of the turnover on the local bourse this year. This compares with 20.94
        485 words
      • Article, Illustration
        Lock icon Sing Tao Holdings, Oriental Press interim profits tumble
        406 14 Bloomberg Business News [HONGKONG] Oriental Press Group Ltd, squeezed by rising newsprint prices and increasing competition, said net profit fell 36.2 per cent in the six months ended September. Another publisher, Sing Tao Holdings, said its net profit fell 89.35 per cent
        Bloomberg Business News; Source: Bloomberg; JEN CHUA  -  406 words
      • Article
        China Merchant signs US$25m loan in S'pore
        294 14  -  Chin* firm with SES secondary listing failed in rights issue By' Teh Hooi Ling [SINGAPORE] Shenzhenlisted China Merchant Shekou Port Service (CMSP), whose shareholders rejected a proposed rights issue earlier this month, yesterday signed a US$25 million (5535.2 mUlion) three-year loan facility here.
        294 words
      • COMPANY Briefs
        • Article
          Receivers named for EML's KL unit
          75 14 [SINGAPORE] Bank Bumiputra Malaysia has appointed Ernst Young as receivers for Electro Magnetic Industries (EMI), the Malaysian subsidiary of Sesdaq-listed Electro Magnetics (EML). The appointment is under the power contained in a debenture to do with a loan EMI obtained from Bank BumL Shares
          75 words
        • Article
          Rotary Engineering signs Thai contracts
          57 14 [SINGAPORE] Mainboard-listed Rotary Engineering has signed two contracts worth $7.8 million to build a liquid bulk terminal and a tank farm off Rayong, Thailand. Its associate company. Thai Rotary Engineering, was awarded the onshore portion of these contracts, worth $10.11 million. Rotary Engineering will provide
          57 words
        • Article
          Winfoong is Hong Fok associate company
          65 14 [SINGAPORE] Hongkong-listed Winfoong Investment was regarded as an associate company of Hong Fok in its accounts with effect yesterday. Mainboard-listed Hong Fok's stake in Winfoong was reduced from about 50.1 per cent to 46.5 per cent last January as a result of a private
          65 words
        • Article
          San Teh: no reason for rise,high volume
          65 14 [SINGAPORE] The directors of San Teh Ltd said that they were not aware of any reason or cause for the high turnover and fluctuation of the prices of its shares and warrants 2000 yesterday. Its shares rose seven cents to $1.20 with 4.17
          65 words
        • Article
          Lock icon Rashid Hussaim's interim profit down
          62 14 MBT [KUALA LUMPUR] Rashid Hussain Bhd has announced a group pre-tax proflt of M 5173.19 million (5196.5 million) for the first six months ended Nov 30, a fall of 12.9 per cent from M 1198.84 million in the last corresponding period. Turnover was also lower
          MBT  -  62 words
      • Article
        Lock icon Gadek expects M$124m pre-tax profit
        271 14 Bloomberg Business News [KUALA LUMPUR] Gadek (Malaysia) Bhd says it expects pre-tax profit of Msl24 million (Ss69 million) in 1996 after completing its acquisition of Hicom Holdings Bhd, the government's heavy industries group. Without the acquisition. Gadek said it would earn MsBB million in 1996.
        Bloomberg Business News  -  271 words
      • Article
        Lock icon Perfect Food Industries' shares fall by 20%
        156 14 Bloomberg Business News (KUALA LUMPUR] Perfect Food Industries' stock fell as much as 20.5 per cent yesterday after the company said it couldn't explain the 98 per cent rise in its shares in two trading days. The shares feU as much as M
        Bloomberg Business News  -  156 words
      • Article
        Lock icon Half of foreign institutions lost money on Taiwan bourse in Nov
        230 14 Return of 2.79% on investments lowest level since Jan 1994 AFP [TAIPEI] More than half of foreign institutional investors suffered losses on the Taiwan stock market in November, the Securities and Exchange Commission said yesterday. Foreign institutions earned an
        AFP  -  230 words
      • Article
        Lock icon Eastern Oxygen makes sparkling debut
        201 14 Bloomberg Business News [KUALA LUMPUR] Eastern Oxygen Bhd opened at M 54.50, more than twice its Ms 2 initial sale price, in its debut on the Malaysian market yesterday. It ended the day at M 54.44 after touching a high of M 54.56 and a
        Bloomberg Business News  -  201 words
      • Article
        Lock icon Yaohan (M)'s garment and textile exports set to grow
        202 14 Firm selling to China, other Yaohan outlets from next year MBT [KUALA LUMPUR] The garment and textile exports of Yaohan Holdings (Malaysia) Bhd, which totalled Msls million (SsB.3 million) in the last financial year, are set to grow when the company
        MBT  -  202 words
      • Article
        Lock icon Piltel-Usha partnership may crumble
        233 14 Bloomberg Business News [MANILA] Pilipino Telephone Corp said its partnership with Usha India Ltd is in danger of crumbling amid disagreements over how the joint venture will be divided. Piltel, the Philippines' leading mobile-phone provider, notified Usha that it intended to drop out of the partnership
        Bloomberg Business News  -  233 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • Article
          Lock icon China bank okays energy bond issue
          39 15 AFP (SHANGHAI] The People's Bank of China (PBOC) has approved a 350 million yuan (5559.2 million) energy bond issue and declared 1996 to be the year of bond issues, news reports said yesterday.—AFP
          AFP  -  39 words
        • Article
          Lock icon NZ bank raises home mortgage rates
          63 15 Bloomberg Business News [WELLINGTON] The Bank <rf New Zealand said it has raised some fixed-rate home mortgage rates in response to the central bank's demand that Interest rates remain high to help dampen inflation. The bank said it has lifted its two-year and three-year
          Bloomberg Business News  -  63 words
        • Article
          Lock icon Lloyds Abbey Life sells German unit
          39 15 Bloomberg Business News [LONDON] Lloyds Abbey Life pic, a UK life insurance company, said it sold its unprofitable German insurance subsidiary to Haftpflichtverband der Deutachen Industrie tor £50 million (SgllO million). —Bloomberg Business
          Bloomberg Business News  -  39 words
        • Article
          Lock icon 2 more foreign seats for Korea exchange
          49 15 Reuter [SEOUL] The Korean Stock Exchange said it has approved applications by Hannuri-Salomon Securities Ltd and frIG Barings for seats on the exchange. This will bring the number of foreign and joint venture securities housee with seats on the exchange to four.—Bator
          Reuter  -  49 words
        • Article
          Lock icon Taiwan bank sees 1.9% fall in net profit
          57 15 Bloomberg Business News [TAIWAN] HsinChu Bank, a Taiwan regional bank, has forecast a i.9 per cent decline in net profit in 1998. Net profit next year will total NT11.42 billion (5J73.4 million), or NT11.70 per share, down from NT$l.45 billion, or NT$l.74
          Bloomberg Business News  -  57 words
        • Article
          Lock icon Pension plan lawsuit settled
          69 15 NYT [WASHINGTON] The federal agency that guarantees many private pension plans settled the largest class-action lawsuit ever brought against it cm Wednesday, agreeing to pay nearly US$lOO million (Ssl4l million) to 40,000 retirees who were covered by pension plans that failed. The settlement by the Pension
          NYT  -  69 words
      • Article, Illustration
        Lock icon Asians planning to set up bank in UK
        369 15 Some of Britain's top Aginn Knginaamanj including the Hindqja brothers, are behind the venture FT [LONDON] The Bank of England has received proposals for a London-based Asian Bank backed by some of Britain's most successful Asian businessmen. The move represents the first
        FT  -  369 words
      • Article
        Lock icon US bank earnings up 30% in 4th quarter
        263 15 But losses from credit card loans may hit profits next year Bloomberg Business News [NEW YORK] US bank earnings rose as much as 30 per cent in the fourth quarter, benefiting from higher lending, securities trading and lower costs. Yet securities analysts
        Bloomberg Business News  -  263 words
      • Article
        Lock icon Lower rates may boost HK bank loans
        386 15 But sluggish economy will limit profits next year, say analysts Reuter [HONGKONG] Lower interest rates should boost loan growth for Hongkong banks in 1996, but the sluggish economy will limit profits next year, analysts say. "Overall profit growth for the sector next year
        Reuter  -  386 words
      • Article
        Lock icon Accounting rules for S Korean banks eased
        126 15 Reuter [SEOUL] South Korea's central bank said yesterday it has eased accounting rules to help commercial banks reflect only part of unrealised losses from their stock investment. The changed rule requires commercial banks to build provisions for only 30 per cent of evaluated
        Reuter  -  126 words
      • Article
        Lock icon Chile Copper Corp files writ over US$170m LME losses
        216 15 FT [LONDON] Chile Copper Corporation (Codelco) is planning legal action against metal brokers in London and New York over US$l7O million (Ss24o million) of losses it suffered in the London Metal Exchange's copper market, the stateowned group's lawyer in London said
        FT  -  216 words
      • Article
        Lock icon CURRENCY REPORT
        157 15 AFX-Asia AFP THE dollar was slightly higher against the mark and lower versus the yen in midmorning trade, with trading volumes thinned by ongoing doubt surrounding the US budget negotiations and the holiday period, dealers said. Failure to break 103 yen overnight triggered profit-tak-ing in dollar/yen, weakening the
        AFX-Asia; AFP  -  157 words
      • Article
        Lock icon Demand, low stocks keep oil price booming
        314 15 ENERGY REPORT Reuter [LONDON] The bull run in world oil prices showed no sign of letting up yesterday, with crude oil sustained by skyrocketing petroleum product markets. London February futures for international benchmark North Sea Brent blend crude was up three cents at
        Reuter  -  314 words
      • Article, Illustration
        Untitled
        1160 15 nrTHEBAMKCUBEBMCTKATBg 4pm, Dec 28 Attest S$ AfriMt VS$ ««atets$ AftfMttfSS frniflu Hi Oflar BM Offer Canada* Hi OB* BM Franc* franc 20.0603 *****6 ***** 4.9967 Locoi dollars to one unit of fbrrim cummty: t,l Nt#N|Mir 1027- i' HJf W*S 7.7145 AoMdM* L0526 1.0MB 0J440 0.7453 Tiliailil 0.0617 0.0W7 UWB0 2292.000
        1,160 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        872 16 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market closed 16 sen higher to M 515.83 per kg due to increasing buying interest, a dealer said. On the London Metal Exchange, three-month tin closed US$25 higher, and this also aided market sentiments. At the opening level of
        872 words
      • Article
        Lock icon SIMEX Report
        1072 16 Reuter [SINGAPORE] Euroyen and Japanese government bond (JGB) futures rose at noon yesterday as players covered their positions after the previous day's 3ell-off. Japanese interest rate and bond futures came under intense selling pressure on Wednesday following the release of higher than expected industrial production figures for November.
        Reuter  -  1,072 words
      • Knight-Ridder Commodity Summary
        • Article
          Thailand's anti-oil smugging centre
          132 16 [BANGKOK] Thailand's National Energy Policy Office (Nepo) has endorsed a government proposal to set up an Anti-Oil Smuggling Centre, the Bangkok Post newspaper reported yesterday. The decision follows the scrapping earlier this year of a state committee that curbed smuggling activities. Responsibility to curb oil smuggling
          132 words
        • Article
          M'sia tops in source of palm oil seeds?
          117 16 IKUALA LUMPUR] Malaysia, the world's largest producer of palm oil, also has the potential to become the main source of palm oil seeds, national Bernama news agency reported. The state-backed Palm Oil Research Institute has the largest collection of high-quality palm oil
          117 words
        • Article
          Cocoa to end year in bearish mood
          124 16 [LONDON] Cocoa prices will almost certainly end 1995 on a depressing note, with March futures driven to a life-of-contract low below £900 per tonne in an end-of-year sell-off inspired largely by a series of technical factors. But the prospects for recovery in 1996
          124 words
        • Article
          Japan metals prices case
          76 16 [TOKYO] Prices for cobalt, magnesium and other minor metals eased this week in thin Japan trade, with many market participants on holiday. "Cobalt prices are still quite high, so many of our customers are hesitating, waiting for prices to ease in January," said one dealer. "Buyers
          76 words
        • Article
          Tokyo Grain Exchange hits record high
          61 16 [TOKYO] Annual trade volume on the Tokyo Grain Exchange hit a record high of 14.643 million contracts this calendar year, up from 1994's 12.122 million. The 1995 volume surpasses its previous record of 13.688 million contracts posted in 1993. Items traded on the grain
          61 words
    • Article
      COMMODITY PRICES
      1101 16 SI COM FUTUHBS -js RUBBER closinq is it 5.30»«) R3S1 COHTRACTfS cwtsA*) ClOM VotlMM ORM Mwtt HH» Low Sott (tww) IHctrt MM 223.00 223.00 223.00 25 1000 F*96 222.50 3175 **96 222.50 1625 A*/J«»96 220.50 ***** NWM 221.00 tVMO 0<t/D« 96 221.50 3000 RSS 3 CONTRACT (tftcwlVM VoHhm
      1,101 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2355 17 -138J3 SHARE prices closed lower in quiet trading on profit-taking, brokers said. The Nikkei 225 Index closed down 138.63 points at 19,873.13 on turnover of 480 million shares. The Topix Index was down 13.45 at 1,572.42, with the weighted Nikkei 300 Index down 2.96 at 294.68. Brokers said share
        2,355 words
      • Article
        Manila
        368 17 +24J8 Share prices rose as investors snapped up blue chips. "There has been some win-dow-dressing on big issues. Investors are preparing for next year," said a trader. The PSE Composite Index rose 24.68 points to 2,558.07. Turnover was 1.94 billion shares valued at 1.94 billion pesos. Philippine Long Distance
        368 words
      • Article
        Sydney
        618 17 -u Share prices eased, with the banking sector the only strong performer on a day of lacklustre post-Christmas trade. "It was a very typical holiday trade," said a broker. "The banking stocks really did stand out, but there's not a great deal of buyers or sellers in the market."
        618 words
      • Article
        Taipei
        530 17 ♦3101 Stocks rose on expectations the government will lower interest rates soon to boost the economy. "The government won't necessarily do anything; just the expectations they will is good enough," said a trader. The index of leading indicators, announced by the Cabinet on Wednesday, showed the nation entered its
        530 words
      • Article
        Wellington
        396 17 +122 Shares closed the same way it opened quietly with the NZSE-40 Capital Index ending up 3.22 points to 2,138.39. "There's very little order flow in the marketplace it's remained steady because of that lack of order flow," said a dealer. Most of the leaders made modest gains. Telecom
        396 words
      • Article
        Lock icon HK bourse world's eighth largest
        157 17 Knight-Ridder Financial News [HONGKONG] The Hongkong bourse was the world's eighth largest stock exchange in terms of market capitalisation in 1995, exchange chief executive Paul Chow said. "In terms of market capitalisation, we rank as No 8 in the world, after New York, Tokyo, London,
        Knight-Ridder Financial News  -  157 words
    • WORLD STOCK MARKETS
      • Article
        London
        570 17 +03 SHARE prices closed little changed after giving up earlier gains in response to profit taking on Wall Street. The FT-SE 100 index closed up 0.3 points at 3,676.7, having reached a high of 3,687.9. Volume was 299.7 million shares. Trafalgar House was the most actively traded stock with
        570 words
      • Article
        New York
        699 17 •1(184 Stocks fell, led lower by shares of computer chip manufacturers, after Cirrus Logic lowered its fiscal third-quarter earn- ings estimates for the second time in two months. The California-based company's stock fell as much as 5Vi to 21% after it dropped its forecast to 13 cents a
        699 words
    • Article, Illustration
      Lock icon HONGKONG
      2378 18 Bloomberg Business News Q Hang Seng +ISL94 SHARE prices closed slightly off their intra-day highs on late buying in futures-dominated trading, with some speculative interest in second- and thirdliners, dealers said. The Hang Seng Index closed up 12.94 points at 9,998.17 after a high of 9,999.10 on a turnover
      Bloomberg Business News; JEN CHUA; BCRUZ  -  2,378 words
    • Article, Illustration
      Lock icon CHINA
      680 18 Reuter P Shanghai B Share Index +0.77 SHANGHAI B Share Index ended firmer yesterday on active trading. The index rose 0.77 point to 48.54 on a volume of 5.1 million shares worth US$l.9 million. "After the index had repeatedly hit record lows this month, some investors thought the market
      Reuter  -  680 words
    • Article, Illustration
      Lock icon JAKARTA
      998 18 Bloomberg Business News fl Composite Index +OJ6 STOCKS rose, led by Telkom, as investors bet that rising demand for telephone services will translate into higher profits for the domestic phone company. Telkom rose 100 rupiah to 3,000 on trading of 8.5 million shares. That's the highest closing price since
      Bloomberg Business News; BCRUZ  -  998 words
    • Article, Illustration
      Lock icon BANGKOK
      1163 18 Bloomberg Business News □SETMn -804 STOCKS fell, led by governmentcontrolled companies, signalling concern that policies may be changed after a senior regulator was fired this week. "Firing the key man of the capital and money markets is quite a shock," said an analyst. "This may have been politically motivated."
      Bloomberg Business News; JEN CHUA  -  1,163 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Prices rise amid year-end window-dressing
        6887 19 KOALA LUMPURReports Bloomberg Business News *tifl MALAYSIAN stocks rose after three days of declines, led by Malayan banking and Telekom Malaysia, as fund managers bid up prices of shares they own to make their portfolios look more valuable at year end. "It is window-dressing," said
        Bloomberg Business News; JEN CHUA  -  6,887 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3388 20 MMK, IMM1WAMAMTS 'WHH1H llIMHIIIIlllMllMW"lili)WIBMMi Ca m W» L«*t Vet Oay Lot OlMtl v M Avf Hl» law 11m Cin—) Ml **r- COOP) Hlfh Law Buy* M« <*) Me* M 45 3000 m AMDS c5.5%*****6 48 47 374 120 m 3001 Amcol ******5 264 -3 249 291 284 283 285 277
        3,388 words
      • Article
        How to spot 'takeover' targets
        203 20  -  WARRANT WATCH By\ R Sivanithy IF YOU'VE been following events in the market closely, you'd have noticed that there seems to be a strong element of switching among second-liners. Companies like Tuan Sing, SPP, MHE and Heshe are all supposed to be takeover targets and
        203 words
    • Article
      CLOB INTERNATIONAL
      2118 20 Or Or IMS Laat VI Day LMtOwte Dhr Dhr VM N«t MC# MH> L— Itw Clip—Y «M» COOP) Ml L— —yar MMr N Off N P/l $4W 47t IN MOO AISBSOC «U -4 2*430 414 4B 48 10 4.4 0J HI 4244 420 704 J00I AMOeSOc OS -0.5
      2,118 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1839 21 TUfiNOVCR POOO) VAlUICpOO) Wte 0«> TfOI »i»> C»«» T«tol MMtrM 4U16 15.400 7*716 W6.«1 2M09 M2J31 Hmnc# 4,792 5.123 »,«7 34.433 UN 4*046 HoUO 2.665 7*0 3.623 6396 U» Proparttn 10.316 3.170 15.468 23.631 M62 29.W3 PUfTt«ton 1.143 1.143 MM 2.432 IMH 632 632 2.078 2.076 3_« 13,329 3.966 17,317
        1,839 words
      • Article, Illustration
        Second-liners in play as big boys take a break
        918 22  -  STOCK MARKET COMMENT ART Malaysian counters advance, but dealers say this conld have been dne to year-end window-dressing activity By R Sivanithy [SINGAPORE] The continued absence of institutional money due to the holiday season made itself felt again yesterday, leaving the
        918 words
      • Article, Illustration
        Lock icon HOT STOCK
        77 22  -  «U. i By irruruxiiiue r Mi Hm Lkag ROTARY Engineering has enjoyed a good run since November, hitting the year's high of $1.26 last week. But it may be a good time to take profit as daily stochastics and RSI are overbought. Directional indicators are about to signal
        FRANCIS  -  77 words
      • ON THE GRAPEVINE
        • Article
          SPP takeover? Let's hear Tuan Sing
          138 22 WE HAD earlier run a piece on why the SPP takeover theory is very limited in imagination. We cited the fact that Tuan Sing, which owns 62 per cent of SPP, was holding the stake at an average cost of about 89 cents, and
          138 words
        • Article
          Property stocks' fall unwarranted
          160 22 PROPERTY stocks tumbled broadly yesterday, in what some brokers said was due to a BT story that local banks had pared their housing loan quan turns. City Developments, which rose to a 52-week high of Sslo.Bo last week, closed 20 cents lower at Sslo with 533,000
          160 words
        • Article
          Local is beautiful too
          117 22 AFTER last week's scare over the possibility of official moves to discourage companies from separating their shares into foreign and local tranches, investors are now beginning to pay more attention to local prices. One broker noted: "What's been pointed out is that the local tranche of
          117 words
        • Article
          Nothing material, MHE says again
          105 22 FOR the second time in a week, Material Handling Engineering (MHE) has told the Stock Exchange of Singapore that It is is not aware of any reason for the sharp increase in the price and turnover of the company's shares. "We trust the information is
          105 words
      • Article
        MAIN BOARD
        4331 21 Or 6r m Wt Last V«4 Day LMt Owota W» Wv Ktt Cap Avg M|gt Lt stM# Company Sala COOP) High Law iuyar «gjac Cvr H P/I >mll Prtca INDUSTRIALS 210 176 1258 Actf 50f. i US191 unch 285 193 190 191 192 '3.0 316.2 490 316* mt
        4,331 words
      • Article
        SESDAQ
        905 21 Or Gr M Wt IMS Last vol Day Last Owata Oiv Dtv YM Nat Cap A*« Law XWa Cin«mf tata COOP) Hm> La» 8»yar tmm Car Pit t— **ca SESOAQ 322 40 a 2000 ABRHMgsSc 278 -1 173 281 274 278 279 18.0 6.9 OJ 60.4 122.9 281 280
        905 words
  • Page 13 Advertisements
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      130 14 This announcement appears as a matter of record only Q I m mm& I CHINA MERCHANTS SHEKOU PORT SERVICE CO LTD I USD 25,000,000 I TERM LOAN FACILITY I ARRANGERS AND LEAD MANAGERS The Development Bank of Singapore Ltd I Industrial and Commercial Bank of China, Singapore Branch I CO-LEAD
      130 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      69 15 Anfiteatro Watch in §8 kt gold with saddle leather ptrmp. j f Automatic movement, watTr riesi- F v stant. Swiss made. f r Bangkok I Singapore Jfqala Lumpur "Jakarta f Grand H\att Eravkm Hilton International Shanvi -ba Hotel %irancl 41v6tl 254 6325 737 IbTI" 9 3<6 6?K V. s Roma
      69 words
Page thumbnail Page 16
Page thumbnail Page 17
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      123 18 Mastering of time for the man of action and decisions. tiduuvvty At: AbOM A l«jfW< P1« ltd 1 Mtrtttmc Square #02 101 Cipo CUtewiy Tel 272 *042 Corttai Witch Centre Pie ltd *01 14 tjMei Oty Shopping Centre Tel: Jl? JUS *01 J2 Lucky flan W- 2)S 00(4. (Mum taeMr*
      123 words
    • Advertisement
      Page 18 Advertisements Column 2
      48 18 For every purchase CmaA of Citta Bella at J1 livv these designated I C\ r ho r R jookiws venues, you will get I a C</*jß Lipliner worth Ssl3 free!l Lipliners to^loo<u^ r H TmMTyi Ino promoacn ■mi for i ocfy ofwyr ic' 3 I Klla/^/ J Grabs!!
      48 words
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      1778 22 Singapore Closing Share Prices 28/12/1995 CLOSE PREV LOW HIGH am* uss uss uss uss Miff/ Jardine Matheson 6.90 6.90 6.85 6.90 mrrrrwm Jardine Strategic 3.12 3.08 3.08 3.12 L A Dairy Farm 0.92 0.91 0.89 0.94 Hongkong Land 1.83 1.86 1.82 1.85 ■tpiriVPll Mandarin Oriental 1.23 1.23 1.22 1.23 EfljUfiati
      1,778 words
    • Advertisement
      Page 22 Advertisements Column 2
      694 22 THE COMPANIES ACT, CAP. 54 GALATIA PRIVATE LIMITED (la Members 1 Voluntary Winding-Up) At an Extra-Ordinary General Meeung of the Company held at 50/F Hopewell Centre. 183 Queen's Road East. Hong Kong on 21st December. 1995 the following special resolutions were passed (i) that the Company be wound up voluntarily
      694 words