The Business Times, 30 December 1995

Microfilm: NL20504
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MIT A (P) 04tV12/U5 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, DECEMBER 30-31,1995 85c
    15 words
  • Article
    MARKET SUMMARY
    65 1 Wmsrn U 2M154 (+12.35) mm sToufp U MHJB (+26.44) mm BT-MBA U IMUI (+10.85) 9T0GX BAIIET1XD8GES Friday Chue KLSECOMP 9*1.17 +114 NIKKEI 19,8(8.15 AM HANG SENG 10,***** +71B SET INDfll 1,280.8! +181 JAKARTA COMP etand MANILA COUP .£594.18 -1-3111 TAIPEI WPI 5,158.86 +54.09 S808L COUP xfcwL BOMBAY BSBI
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  • Article
    FINANCE
    66 1 UMlim uss st USI 1.414 I 1.569. .1288 DM .•JMU..-.-JJK VIM IJ78 m MM MM HK* 0.121 0.18J BAHT MM MM 8UPUH1M 0*4 0.082 PUKE BATES SWQAFORT 144 KUALA LUMPUB &1S JAKASTA 17.54 BANGKOK.. a.n MANILA— 1km HONQRDNO AM TAJPgJ LN SYWI8Y 11.76 TOKYO 1M 8MXJL 12.00 ZURICH** .J.J7S
    66 words
  • Article
    Capitalisation of S'pore bourse at record $265b
    632 1  -  Increase comes largely from first-time inclusion of several hefty foreign shares By\ S N Vasuki [SINGAPORE] The market capitalisation of the Singapore stockmarket touched a record *****.74 billion in 1995, though the increase comes largely from the inclusion for the first time of
    632 words
  • Article, Illustration
    Lock icon Region's markets end year on firm note
    232 1 [SINGAPORE] The region's stock markets yesterday rounded off the year on a quiet, but firm note, with all the major indices ending their last trading day of 1995 in positive territory. However, at least in the case of the Straits Times In. d
    BCRUZ  -  232 words
  • Article
    Govt to supply land for 7,300 residential units in 1996
    279 1  -  By. Abdul Hadhi [SINGAPORE] The government will effectively supply land for some 7,300 residential units next year, an increase of more than half from 1995's 4,700 units. A statement from the Ministry of National Development yesterday said supply for 1996
    279 words
  • Article
    Leeson will not appeal
    169 1 [SINGAPORE] Former Barings futures trader Nick Leeson will not appeal against a six-year jail sentence for cheating Singapore's financial futures exchange, his lawyer John Koh said last night. Lawyers say the downside in appealing could be a longer jail term and a possible fine for taking
    169 words
  • Article, Illustration
    SES bars Kotjo from more boards, including L&M's
    615 1  -  Tycoon gets 30-month ban on directorships in listed firms other than VDH and ABR ffyi Conrad Raj [SINGAPORE] The Stock Exchange of Singapore yesterday barred Indonesian businessman Johannes Kotjo and his nominees from directorship of any listed company other than their existing
    615 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      146 1 mSIDE TvfcayawajrdilG If s time for the annual bird-throwing expedition as Executive Lifestyle opens the envelopes and announces this year's deserving recipients, EL 1-3 MHWSTMOB 9>r*ttack9»rt«eajbmltatffcakteMb, thispg. But take away the foreign sines, value rose hardly 8%. thispg. Punters will tempted to draw a parallel between the performance of Lum
      146 words
    • Advertisement
      Page 1 Advertisements Column 2
      17 1 HK brokers suffer from 1993 hangover, pg 8 Most ittMfor '96 sales outside prime areas, Pg 2
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    • Advertisement
      Page 1 Advertisements Column 3
      106 1 Entry oiforeign firms sees rejig of top slots, Pg 7 No BT on Monday The Business Times will not be published on Monday. Normal publication will resume on Tuesday. It takes more than money TO WEAR THE ROYAL OAK. For the past twenty years, some of the most successful and
      106 words
    • Advertisement
      Page 1 Advertisements Column 4
      21 1 SES notion* on Lum Chang not fair to small shareholders, Pg 6 Lum Chan* shares take a beating after censure, Pg
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon $640m in business spending from regional HQ programme
      349 2  -  I,2oojobs created as direct result of EDB programme By Kevin Sullivan TOTAL business spending generated by the Economic Development Board's regional headquarters programme rose 90 per cent in 1995 to top 1640 million, EDB officials said yesterday. In the course of the
      FRANCIS  -  349 words
    • Article
      GIC confirms buying AT&T headquarters, adjoining building
      246 2  -  Long-term deal reportedly costs US$64O million By\ Michelle Low THE Government of Singapore Investment Corporation (GIC) confirmed yesterday it bought AT&T's headquarters and a connecting building in Chicago as a long-term investment. Sold by AT&T Corp as one complex, the two buildings reportedly
      246 words
    • Article
      Most sites for '96 sales outside prime areas
      383 2 (SINGAPORE] The bulk of residential land available next year from the government's land sales programme will be outside the prime areas. A statement from the Ministry of National Development yesterday showed that about 20 out of the 24 sites will be in
      383 words
    • Article
      Novotel in $10m makeover
      148 2 NOVOTEL Orchid Singapore is spending more than $10 million to become a four-star hotel by September next year. The three-star hotel, owned by Singapore-based CDL Hotels International and managed by French group Accor, is renovating its 450 rooms and restructuring public areas. It is also coming
      148 words
    • Article
      PSA to cut new tug charges
      215 2 THE Port of Singapore Authority (PSA) is cutting its proposed new tug charges by between 5 and 20 per cent a move that will please shipping lines upset over the authority's general port fee rises. The move, announced yesterday, is in response to an
      215 words
    • Article
      PacNet reads to SingNet's rate cuts
      282 2  -  By Jennifer Lien PACIFIC Internet (PacNet) has responded swiftly to rival Sing Net's latest round of price cuts, sweetening its Easy Access package by offering subscribers two more free netsurfing hours from Jan 1. PacNet's move, which comes barely a month after it halved
      282 words
    • NEWS Roundup
      • Article
        Easier way to inherit Telecom shares
        69 2 FROM Jan I.CPF members can nominate beneficiaries for their Singapore Telecom Group A shares. Currently, Group A shares form part ofCPF members* estate when they die. So the stares are sent to the Public Trustee for distribution. The CPF Act has since been amended
        69 words
      • Article
        S'pore Post revises compensation
        60 2 SINGAPORE Post will pay more compensation for loss of registered mail from Jan 1. The rate will be $68 per item, up fhra $90 now. The current compensation rates for teas of ordinary parcels will also be abolished on Jan 1. Compensation would then be $90
        60 words
      • Article
        3M to up RAD spending by 35%
        57 2 U8 MANUFACTURING conglomerate 3M, which spent SsB million thisyear on Singapore-based RAD operations, plans to toost that figure by 35 per cent in 1996, company officials said yesterday. The firm's Customer Technical Centre, which now has a staff of 66 tedmidmis servicing clients
        57 words
      • Article
        Corrections and clarifications
        43 2 ex-directors to help locate assets" yesterday, we said Fu Ya-Yin's had been surrendered to the Commercial AflWrs Department Mrs Fu's lawyers yesterday clarified that ho* passport was with her and that she was travelling freely in and out of Singapore.
        43 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      845 2 THE INDUSTRIAL BANK OF JAPAN, LIMITED I ■■■Head Office's Address: 3-3, Marunouchi 1 -chome, Chiyoda-ku, Tokyo 100, Japan I BALANCE SHEET FOR THE YEAR ENDED MARCH 1995 I NON-CONSOLIDATED BALANCE SHEET NON-CONSOLIDATED STATEMENT OF INCOME (in millions of yen) (in millions of yen) II March 31,1666 March 31,1994 Fiscal 1664
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      377 2 THE WEATHER StagspM Partly cloudy and windy with occasional showers in the late morning and afternoon. Temperature (2430) oJty S>uSi °sTm 1 CkMfy Baa£dk 31/18 .lowly AM- 1K« Ctady Bmoi Am Jl/tt TMra hit. W-l Sam M #l/-4 Saw CUcmi -1/-8 Ctady taMy IVU Stan feW Saow HoaoMi *7 Ckmty
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        529 3 Those polled for their views on the Singapore stock market's outlook the week ahead are: Alliance, ING Baring, Daiwa, GK Goh, Deutsche Morgan, Nomura, SBC Warburg, Merrill Lynch, WlCarr. Buy! ItpMe Brtrii A Bowls (BHI)t RHR is poised to become the listed vehicle for the CDL Hotels
        529 words
      • Article, Illustration
        In My Opinion...
        469 3  -  Tong Keul Ong PWMUMBU urv ptionß: Big Bull I I could do even VX better with this Option, although he may be committing some offence in law. In Year I, Big Bull gets Big Magic to acquire some assets (for example, machinery and factories in the spirit
        469 words
    • Article, Illustration
      Looking forward to the future
      762 3 What factors should one consider when planning for retirement? FOR many Singaporeans in their 30s and 40s, retirement seems like a long way off. It is the last thing people want to worry about when just coping with the present is enough of a problem.
      762 words
    • Article, Illustration
      Lock icon Awaiting more rate cuts
      955 3  -  EYE ON THE RBGXOIf: HONGKONG The market remains sluggish bat there are some pointers tea better year From Quak Hiang Whai in Hongkong THE long-awaited cut in interest rates came and went. But resistance to a surge over the Hang psychological 10,0QflJ>amer_with a continuation upward seems
      FRANCIS  -  955 words
    • Article
      Lock icon Hi-tech stocks lose steam in final lap
      440 3 Bloomberg Business News [NEW YORK] Investors made a lot of money with computerrelated stocks this year but not in this last quarter. The Nasdaq Combined Composite Index, which includes stocks of many so-called technology companies, has beaten the more broadly based stock market
      Bloomberg Business News  -  440 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at December 28. 1995)
      581 3 Bankof CWm ***** 249,999 1000 5-3200 ***** A$ 250.000 500.000 ***** ***** ***** >0,000 4l.mM ***** ***** ***** n.M 50.000 (Mow 1*05 UQ5 1*25 *****0" 1499.999 U700 ***** ***** Dmk 21 <999.999 9.0000 UNO ***** 10.000 49.999.99 3J250
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  • REGION
    • Article, Illustration
      Lock icon Central bank chief refuses to quit after impeachment
      489 4 TAIPEI Watchdog body acta against cabinet member following NTslob scandal Reuter TAIWAN'S central bank governor Sheu Yuan-dong said yesterday he will not resign after the Control Yuan, the island's top watchdog body, decided to impeach him over a financial scandal. The impeachment
      Reuter  -  489 words
    • Article
      Lock icon Investment ceiling for foreign funds raised to US$400m
      248 4 TAIPEI Reuter TAIWAN'S Securities and Exchange Commission (SEC) said in a statement yesterday that it has raised the investment ceiling for Individual foreign fUnds in the local stock market to US$4OO million (***** million) from the current US$2OO million. The measure, which
      Reuter  -  248 words
    • Article, Illustration
      Lock icon Daewoo chairman charged with bribery
      367 4 SEOUL Rob's aide also indicted on graft relating to purchase of military aircraft AFP PROSECUTORS in Seoul yesterday indicted the chairman of South Korea's giant Daewoo Group, Kim Woo Choong, and an aide of jailed former president Roh Tae Woo on charges of bribery in
      AFP  -  367 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1242 4 CITY FLIGHT ETA FLIGHT ETD (JAMS 0105 GOTO 0840 MIMMM GAMO 0045 S0001 1140 S0860 0915 AMaMa 0F81 1930 Of82 2050 CX717 1235 CX7V4 mo wr rajv —CI665 1335 S0862 1315 WW OOP SOWS 1440 6A902 1320 Aastarta* S0/DL25 0645 GA890 0045 CX713 1525 CI666 1440
      1,242 words
    • Article
      Lock icon Ramos has no martial law in mind, says aide
      103 4 MANILA Reuter PRESIDENT Fidel Ramos is not plotting to revive martial rule in the Philippines, a senior government official said yesterday. "Our president has time and again said he will not declare martial law. He is for democracy," presidential chief-of-staff Ruben
      Reuter  -  103 words
    • Article
      Lock icon Chinese officials to keep an eye on laser disc factories
      86 4 BEIJING Bernama-Xinhua CHINA has decided to station supervisors in laser disc factories from the New Year to check piracy of electronic products and the spread of pornography. Officials here said that two supervisors will be assigned to each factory and
      Bernama-Xinhua  -  86 words
    • Article, Illustration
      Lock icon Prime Deng
      60 4 [BEIJING] Visitors to Beijing's Art Gallery gazing up at a huge portrait ofparamount leader Deng Xiaoping that went on display yesterday after beating 13,000 other works of art to win first prize in a recent competition. The picture shows Mr Deng, who is now 91, in his prime
      REUTER  -  60 words
    • Article
      Lock icon Ramos approves budget for third consecutive surplus
      301 4 MANILA 415b-pefto budget aimed at yielding surplus of 17.5b pesos Bloomberg Business News PHILIPPINE President Fidel Ramos signed into law a 415.6billion peso (5522.36 billion) budget for *****MU would produce the government's third straight surplus. Mr Ramos said in a statement that the
      Bloomberg Business News  -  301 words
    • Article
      Lock icon Transfer of Marcos money halted
      272 4 MANILA UPI A UNITED STATES appeals court has ordered a halt to any move to transfer some US$475 million (***** million) in alleged loot of late Philippine strongman Ferdinand Marcos being kept in two Swiss banks, a Marcos spokesman said yesterday. Judge Steven Trotter of
      UPI  -  272 words
    • NOTE Book
      • Article
        Lock icon 300 firms control 47% of Indonesia's GNP
        70 4 AFP [JAKARTA] Indonesia's top 900 companies controlled 47.8 per cent of the country's gross national product and had a turnover of 169.9 trillion rupiah (Sslos billion) in 1994, the Jakarta Post reported yesterday. The combined sales of the top 300 companies were almost
        AFP  -  70 words
      • Article
        Lock icon Tokyo set to ratify Intl Ooean Treaty
        46 4 Bernama-Kyodo [TOKYO] The Japanese government is moving towards ratifying the International Ocean Treaty and creating a 200 mile (320 km) Exclusive Economic Zone that will likely inflame territorial disputes with China and South Korea, the Tokyo Shimbun reported yesterday.—Bernama-Kyodo
        Bernama-Kyodo  -  46 words
      • Article
        Lock icon China's unexpected record grain harvest
        54 4 Bloomberg Business News [BEIJING] China's grain harvest jumped unexpectedly to a record 466.4 million tonnes this year, the official Xinhua news agency reported yesterday. The harvest figures were surprising because China's agricultural ministry had predicted for months that the total would hit the 455 million
        Bloomberg Business News  -  54 words
      • Article
        Lock icon India's trade deficit up 49%
        63 4 AFP [NEW DELHI] India's trade deficit jumped 49.5 per cent from a year earlier to U553.29 billion (554.6 billion) in the eight months to November, due to a surge in imports. "Imports during the April-November period have shown a growth rate of 81 per cent
        AFP  -  63 words
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  • REGION/WORLD
    • WORLD Watch
      • Article
        Lock icon Yeltsin back in Kremlin
        84 5 Reuter {MOSCOW] Russian President Boris Yeltsin, returning to the Kremlin unannounced, recorded a New Year's address to the nation yesterday but maintained suspense over his political ftiture. The 64-year-old leader, well wrapped up in freezing temperatures, strolled through the snow-covered fortress grounds on his first day
        Reuter  -  84 words
      • Article, Illustration
        Lock icon Betty Boop's birthday bash
        45 5 AFP [LONDON! Betty Boop lookalike Debbi Fuhrman arrives in London's Trafalgar Square on Thursday at the launch of a celebration of the 1930's cartoon character's 66th birthday. The Max Fleischer-created character is spearheading a campaign to preserve pro-1960e cartoon animation. AFP
        AFP  -  45 words
      • Article
        Lock icon More UK firms seen in liquidation
        51 5 Reuter liquidation has increased for the first time in three years by business information Supplier Dun Bradstreet showed. The number of companies put into liquidation during 1996 totalled 17,280, compared with in 1904 with liquidations in London jumping 27.9 per cent to 6,099 companies.
        Reuter  -  51 words
    • Article
      Lock icon Vietnam to cut tariffs on 857 Asean imports
      306 5 HANOI AFP VIETNAM is to cut tariffs on 857 goods or commodities from next month for imports from the six other Asean members, a report said yesterday. Under Asean's Common Effective Preferential Tariffs (CEPT) scheme, Vietnam, Asean's newest member, will reduce tariffs
      AFP  -  306 words
    • Article
      Lock icon Russia far from achieving 1995 privatisation target
      317 5 MOSCOW Government feces mounting criticism over sell-offs AFP THE Russian government will end 1995 far from the targets it set for privatising state enterprises and facing mounting criticism over the sell-offs. The collapse this week of a US$l.4 billion (551.97 billion) deal with
      AFP  -  317 words
    • Article
      S'pore GNP per capita 2nd in Asia
      527 5  -  WASHINGTON Ranking in the world for 1994 is 12th, according to the World Bank By. Leon Hadar SINGAPORE has emerged second in a ranking of Asian economies in terms of GNP (gross national product) per capita in 1994. Its income of U5523,360 (5532,940)
      527 words
    • Article
      Japan finance deputy Shinozawa resigns
      318 5  -  TOKYO He takes the heat off minister attacked over loan bail-oat By. Anthony Rowley JAPANESE vice-minister of finance Kyosuke Shinozawa quit yesterday acting as a sacrificial lamb to ease pressure on finance minister Masayoshi Takemura to resign over his ministry's handling of recent controversial issues.
      318 words
    • Article, Illustration
      Lock icon Horseplay
      61 5 [NAPLES] Passers-by walking past Naples' Plebiscite Square on Thursday evening, where a salt-mountain with life-sized horses by Italian sculptor Mimmo Paladino was erected as a cultural event for New Year's Day. Youth volunteers patrol the piece of art in front of the St Francesco church (right) to stop visitors
      AFP  -  61 words
    • Article
      Lock icon No sign of quick deal at US budget talks
      298 5 WASHINGTON AFP Reuter PRESIDENT Bill Clinton and top Republicans met yesterday to discuss the US budget crisis, but there were few signs a quick deal could be struck to end the partial government shutdown that is being felt nationwide. Meeting Mr
      AFP; Reuter  -  298 words
    • Article
      Lock icon US sees bright signs of Mexican growth
      220 5 WASHINGTON Bloomberg Business News ONE year after the Mexican bailout, the country's economy is showing "encouraging" signs of growth even though the Mexican banking sector remains strained, the US Treasury said on Thursday. "Mexico continues to satisfy its commitments under the financial agreements
      Bloomberg Business News  -  220 words
    • Article
      Lock icon Taiwan vows to increase ties with other countries
      214 5 TAIPEI Reuter TAIWAN'S Foreign Minister Fredrick Chien yesterday blamed China's vehement opposition for the island's inabUity to gain international recognition, but vowed Taipei would continue making efforts. Separately, a Taiwanese Mainland Affairs Council (MAC) official scoffed at the military threats from China
      Reuter  -  214 words
    • Article
      Lock icon Fed official says US is beyond full employment
      150 5 WASHINGTON Reuter THE US economy has been operating beyond fitll employment for more than a year, which has probably caused the "core" rate of inflation to creep higher, according to kn economist at the Federal Reserve Bank of Kansas City. "Inflation developments
      Reuter  -  150 words
    • Article
      Lock icon Israel, Syria discuss economic relations
      261 5 JERUSALEM AFP ISRAEL has presented Syria with proposals for economic cooperation in the event of a withdrawal from the Golan Heights including joint development of the strategic plateau's successful vineyards, Israeli press reports said yesterday. Reporting on the second day of talks between Israelis and
      AFP  -  261 words
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  • COMPANIES & MARKETS
    • Article
      Sime sets M$885m profit target
      393 6  -  Forecast short of market expectations; analysts say firm playing safe From Ho Kay Tat in Kuala Lumpur SIME Darby Bhd has come out with a profit projection for its current financial year that falls short of market expectations, but analysts say it is probably playing
      393 words
    • Article
      Orix cuts Scotts stake further to 13.03%
      184 6 [SINGAPORE] Orix Investment and Management further reduced its stake in Scotts Holdings on Thursday to 13.03 per cent from 13.66 per cent. It sold 1.5 million shares at $1.29 through Croissant Investments, a day after it sold its own 475,000 shares in Scotts
      184 words
    • Article
      Lum Chang shares take a beating after censure
      217 6  -  By, Abdul Hadhi [SINGAPORE] Shares of Lum Chang and its subsidiary LC Development were hammered yesterday after the Stock Exchange of Singapore severely reprimanded Lum Chang, its executive chairman Raymond Lum and managing director David Lum. Lum Chang closed 18 cents lower
      217 words
    • Article, Illustration
      SES sanctions on Lum Chang not fair to minority shareholders
      625 6  -  HOCK LOCK SIEW By Lee Han Shih THE Stock Exchange of Singapore (SES) seems to have confused the Lum brothers with their companies. In meting out punishment to Raymond and David Lum, the SES has also penalised minority shareholders of
      625 words
    • Article, Illustration
      Lock icon CCL on to 3rd Hillview project
      289 6  -  Prices at its last home project there are likely to be $600-s7oopsf By, Jenny Lam [SINGAPORE] CCL Properties (Hillview) is building its third project, a 305-unit condominium called MeraWoods, in the Hillview area. This will be the last of its residential developments after MeraLodge
      JEN CHUA  -  289 words
    • Article
      SML loses appeal on 1992 job
      329 6  -  It will take case involving payment to House of Lords By\ Michelle Low [SINGAPORE! Sembawang Maritime's salvage arm has lost its court appeal for a "fair rate" of return on a 1992 job but will take the case to England's highest court of appeal
      329 words
    • Article
      Pan-Pac using PacCan for S'pore foothold
      334 6  -  By) Lu Ning [SINGAPORE] Pan-Pacific Capital Holdings Pte Ltd, which bought a 19.8 per cent stake in Pacific Can Investment (PacCan) this week, will use the company to get established in Singapore and expand into the region, general manager Yan Zhiming said yesterday. Pan-Pacific
      334 words
    • Article
      Pacific Can losses triple to $4.5m
      212 6  -  By, Jenny Lam [SINGAPORE) Pacific Can Investment Holdings yesterday reported dismal full-year results, with losses more than tripling to $4.52 million from $1.35 million last year. The losses came about despite a 33 per cent rise in group turnover to $55.49 million for the
      212 words
    • Article
      Casa surpasses listing forecast with $5.5m gain
      228 6 [SINGAPORE] Consumer electronics distributor Casa Holdings has posted a 12.9 per cent increase in group net earnings to $5.5 million for the year ended Sep 30. Casa, which released its final results yesterday, attributed the better profits to improved turnover. The group's sales
      228 words
    • Article
      Koh Brothers sets up China and Indonesia leisure subsidiaries
      211 6 New units to run food court, bowling alley and karaoke centre [SINGAPORE] Construction and property development group Koh Brothers announced yesterday that it has set up two new subsidiaries one each in China and Indonesia to go into the leisure business.
      211 words
    • COMPANY Briefs
      • Article
        F&N gets nod for bonus issue
        48 6 [SINGAPORE] Fraser Neave has been granted in-principle approval by the Stock Exchange of Singapore for its proposed bonus Issue of one new ordinary share of $1 for every five ordinary shares held. There will be an extraordinary meeting to seek shareholders' approval.
        48 words
      • Article
        Trans-Pacific ups authorised capital
        55 6 [SINGAPORE] Trans-Paciflc Credit saki yesterday tt is raising its authorised capital from $10 million to $10.2 million. This will be done through the creation of 20 million cumulative redeemable preference shares (RPS) of one-cent each and through the allotment of 20 million RPS of one cent
        55 words
      • Article
        New SVPs at ST Aerospace
        43 6 [SINGAPORE] Singapore Technologies Aerospace has appointed Wee Slew Kim as senior vice-president (operations) of its commercial business group and Ooi Ling Heong as senior vice-president (marketing). Tang KoWai, its executive vice-president of the commercial business group, has resigned.
        43 words
      • Article
        Super Coffeemix unit boosts capital
        47 6 [SINGAPORE] Super Coffeemix Manufacturing has 9 acquired an additional 1.42 million shares of $1 each at par in subsidiary Super Food Investment International (SFH). SFTI has also raised its paid-up capital to 9&56 million by alloting additional new shares to existing shareholders.
        47 words
    • FOCUS: RANKING OF SINGAPORE/MALAYSIA COMPANIES
      • Article
        BT's ranking of Singapore companies by market capitalisation
        1975 7 fm Cur Cm*a* Mm N*«f Ctoatag NX PI (taSSL) 1 1 S Telecom *****.0 *****.4 3.14 36.1 3 2 OCBC *****.6 906.5 11.2 18.4 2 3 SIA *****.7 1282.5 8.05 11.3 4 4 UOB 9714.1 911.5 9.2 14 5 5 DBS 8932.9
        1,975 words
      • Article, Illustration
        Entry of foreign firms sees rejig of top slots
        754 7  -  Indon-linked issues also move up but property, technology issues lose ground By I S N Vasuki [SINGAPORE] Though the singa pore stock market was mostly sedate in 1995, this is not evident from BT's annual ranking of locally-listed companies in terms
        754 words
      • Article
        Lock icon KLSE's billion-ringgit league rises to 122 firms
        711 7 Total market cap surges to Mssslb; Telekom, Tenaga Kaybank lead pack MBT [KUALA LUMPUR] Despite it being a trying year for the local bourse, the number of large-capitalised companies continued to thrive. This was seen in the headcount of companies with market capitalisation
        MBT  -  711 words
    • REGIONAL COMPANIES
      • Article
        Lock icon HK keen on infrastructure listings
        441 8 Stock exchange group to look at easing restrictions on profit track records SCMP [HONGKONG] The Hongkong stock exchange intends to encourage infrastructure projects to go public by relaxing restrictions on profit track records. Chief executive Paul Chow Man-yiu said on Thursday the priorities were to
        SCMP  -  441 words
      • Article, Illustration
        Lock icon Tokyo Bowing Exchange
        40 8 [TOKYO] Stock traders exchanging bows and saying good bye after the last trading session of this year at the Tokyo Stock Exchange yesterday. The Nikkei Average lost 4.98 points to end the half-day session at 19,868.15p0int5. AFP
        AFP  -  40 words
      • Article
        Lock icon HK stockbrokers suffer from 1993 hangover
        311 8 Reuter [HONGKONG] This past year was not a plum one for Asia's stockbrokers, and while observers say 1996 will be better, it will not be much better. "I would project a better year next year than this year, but I wouldn't be jumping up
        Reuter  -  311 words
      • Article
        Lock icon Cathay rethinking moving flight training facilities to Australia
        281 8 Reuter [HONGKONG] Cathay Pacific Airways Ltd is reconsidering an earlier decision to move its flight training facilities to Australia from Hongkong, a company spokesman said yesterday. "We consider the economic factors have changed and we are looking again whether to move the
        Reuter  -  281 words
      • Article
        Lock icon China Everbright posts KH$37m interim loss
        85 8 Bloomberg Business News [HONGKONG! Colour-tele vi-sion-maker China Everbright Technologies reported a net loss of HK137.45 million (516.85 million) in the six months ended Sep 30. That compares to a loss of HK539.396 million in the yearearlier period. Sales feU to HK5241.05 mil- lion from
        Bloomberg Business News  -  85 words
      • COMPANY Briefs
        • Article
          Lock icon Foreign shares to be traded in Taipei
          70 8 AFP [TAIPEI] Taiwan's Securities and Exchange Commission (SEC) is planning to allow foreign shares to be traded on the local bourse by June, SEC chairman Gordon Chen said yesterday. The SEC, which comes under the finance ministry, Is also planning to permit local
          AFP  -  70 words
        • Article
          Lock icon Sumitomo taking stake in Salim unit
          40 8 AFP [TOKYO] Major Japanese trading house Sumitomo Corp said on Thursday it would take a 10 per cent stake in PT Sulflndo Adiusaha, a chemical unit in the Salim group, Indonesia's largest conglomerate. —AFP
          AFP  -  40 words
        • Article
          Lock icon Microsoft making Windows 95 for China
          65 8 Bloomberg Business News [SHANGHAI] Microsoft Corp started large-scale production of its Windows 96 operating system written In the simplified Chinese characters used in China. The company will produce the new system in a Shanghai joint venture. Microsoft has invested more than US$2 million (Ss2.B
          Bloomberg Business News  -  65 words
        • Article
          Lock icon Chip makers in water tie-up
          80 8 Bloomberg Business News (TOKYO) Ten Japanese semiconductor makers, including NEC Corp, Toshiba Corp and Hitachi Ltd, will form a new company by the end of March to test technology for making the next generation erf silicon wafers used as the base of microchips, the Nihon
          Bloomberg Business News  -  80 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        472 8 Vtssti Voy Mo Nftt Arrtvil Dtporturt AT) Pitn Abadi 2 34/95 J1 30.12/1200 30 )2/1900 (ST) Suriati 14/95 J1 30.12/1130 30.12/1830 (IT) Ww 22/93 J1 30.12/1100 30.12/1700 AJnes I8S01/95 J7 30.12/0000 31.12/0000 Cattex Excellence 12/95-05 J12 30.12/1000 31.12/0600 GSM 212/1 J13 30.12/0700 30.12/2300 Komsomolets Adzhari 12/95 J12 30.12/1600
        472 words
      • Article
        CONTAINER SCHEDULES
        1151 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Manc* Rstls Ship Voy No Etb/Btr Ptftod from To frow Aci J id* 27M 31/0600 M 29/1500 N/1659 24/1900 2A 29/1700 30/0659 30/0900 3 30/0700 30/1159 30/M00 4 30/1200 30/1459 30/1700 ACXRom 074* 30/1500 IT" 29/1500 29/1659 29/1900 AciSwan 202B
        1,151 words
    • FINANCE & COMMODITIES
      • Article
        Fidelity raises US$400m for Japanese fund
        434 9  -  Huge success shows Japanese regaining confidence in market, says chief of investment firm From Quak Hiang Whai in Hongkong THE rejuvenated Japanese market was given another boost yesterday when leading ftind manager Fidelity Investments said it successfully raised more than US$4OO million (***** million)
        434 words
      • Article
        Lock icon Malaysia's banks in for tougher times: analysts
        398 9 Slower loan growth and fierce rivalry from offshore centre AFP [KUALA LUMPUR] Malaysia's banks face a tough year ahead, analysts said yesterday, warning of slower loan growth and fierce rivalry from the country's offshore financial centre at Labuan. The need for Malaysia's 36
        AFP  -  398 words
      • Article, Illustration
        Lock icon US$ likely to stay bullish
        356 9 US$/Dm: The US$/Dm dipped slightly to touch a low of 1.4275 oil Thursday before it recovered on the same day to 1.4417. The unit traded at around 1.4380 yesterday morning. Although the overall bullish view remains intact, a breach of the crucial support level at
        Source: DBS Bank; FRANCIS  -  356 words
      • Article
        Lock icon Indian govt bond sale falls short of target again
        126 9 AFP [NEW DELHI] An Indian government bond issue has closed undersubscribed for the third time in a row, with banks and financial institutions picking up only half the offering. A senior Reserve Bank of India (RBI) official who requested anonymity said
        AFP  -  126 words
      • Article
        Lock icon Chief of pioneer China joint venture bank resigns
        200 9 Reuter [BEIJING] The chief of a joint venture investment bank, the first of its kind in China, has resigned after just four months in office, a bank official said yesterday. Edwin Lim, chief executive officer of China International Capital Corp (CICC), resigned
        Reuter  -  200 words
      • Article
        Lock icon SEC seeks wider derivative disclosure in proposal
        235 9 Bloomberg Business News [WASHINGTON] The Securities and Exchange Commission proposed a new rule that would expand the amount of information companies have to tell their investors about derivative holdings. The proposal, which the SEC has been developing for over a year, is intended
        Bloomberg Business News  -  235 words
      • Article
        Lock icon Jakarta to introduce new 3% dollar-rupiah intervention band
        224 9 Reuter [JAKARTA] Indonesia's central bank said yesterday it would introduce a new 3 per cent intervention band for dol-lar-rupiah trading, effective Jan 2. Bank Indonesia managing director Paul Soetopo said the move was aimed at increasing the effectiveness of monetary controls and
        Reuter  -  224 words
      • Article
        Lock icon CURRENCY REPORT
        169 9 Reuter THE dollar ended the year with a whimper against the mark and shed an overnight one pfennig gain but it did better against the yen and rose above key resistance at 103. Overnight gains were forfeited in a short burst of activity as a large commercial sterling/mark
        Reuter  -  169 words
      • Article
        Lock icon Cold weather keeps firm grip on world oil prices
        293 9 ENERGY REPORT Reuter [LONDON] Cold weather kept a firm grip on world oil markets yesterday leaving prices to edge higher again after Thursday's brief reversal of the recent bull run. February futures for international benchmark North Sea Brent blend crude ended
        Reuter  -  293 words
      • Article, Illustration
        Untitled
        1198 9 nTTBRBAMKCURREllCT RATES 4pm, Dec 29 Against Afctest USS fl|ilntt S$ Afalnst US$ Carroncios BM Offtf M Offtr Carroncios M Offtr BM Offor Franc* franc 28.8172 28.8434 4.9058 4.9061 Local dollars to one unit of foreign currency: lianqkang dollar 18.29 18.30 7.7315 7.7325 AostraUan dollar 1.0530 ***** 0.7447 0.7454 Indonesia 0.0619
        1,198 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        667 10 [KUALA LUMPUR] The price on the Kuala Lumpur Tin Market rose 40 sen to M 516.23 per kg on heavy buying interest. Traders said market sentiment was aided by the steady close on London Metal Exchange. At the opening level of M 515.83 per kg, initial bids amounted
        667 words
      • Article
        Lock icon SIMEX Report
        1146 10 Reuter [SINGAPORE) Euroyen and Japanese government bond (JGB) futures yesterday finished the year weaker but off their intra-day lows after coming under intense early pressure. Dealers said that the sell off was largely technically driven and exaggerated by a thin, illiquid market with many players leaving early for
        Reuter  -  1,146 words
      • Knight-Ridder Commodity Summary
        • Article
          China gold output up 16%
          107 10 [HONGKONG] China produced 105 tonnes of gold in 1995, up 16 per cent from 1994, the official Xinhua News Agency reported yesterday, quoting the Ministry of Metallurgical Industry. This marks the first time China has announced its annual gold production, instead of publishing annual growth
          107 words
        • Article
          Steelmakers pressured to cut prices
          92 10 [TOKYO] Japanese steelmakers are under growing pressure to cut prices of Asia-bound steel products due to a glut in the market, Kyodo news service reported steel industry officials as saying yesterday. They said China's restraint on economic expansion, including a switch to a tight credit
          92 words
        • Article
          China producing more grain
          89 10 [HONGKONG] China's grain production reached 466.4 million tonnes in 1995, up from 445.10 million tonnes in 1994, the official Xinhua News Agency reported yesterday, quoting sources. The final grain output for 1995 is also higher than the original forecast, reported in the official media, of around
          89 words
        • Article
          India tells Coffee Board to free stocks
          115 10 [NEW DELHI] The state-run Coffee Board has been ordered to release more coffee at retail outlets to bring down the domestic price, a government statement said yesterday. Prices at retail outlets are much higher than domestic wholesale and international prices, said the statement.
          115 words
        • Article
          US signs US$15m wheat loan for Jordan
          69 10 [AMMAN] The US signed an extension of a concessionary loan of US$l5 million (5521.3 million) to Jordan on Thursday, an official announcement said. The loan will be used to finance the purchase of 70,000 tonnes of American wheat. The loan, extended by the
          69 words
        • Article
          Russian gas oil cargoes heading for US
          115 10 [LONDON] At least two Russian gas oil cargoes are seen heading to the United States during the second half of this month, industry sources in north-west Europe said. A 45,000-tonne Russian gas oil vessel left the Baltic port of Ventspils around Dec 11
          115 words
        • Article
          Sugar freight movements
          92 10 [LONDON] E D and F Man and Czarnikow-Rionda provided new business in otherwise slow trading on the sugar freight market, brokers said. Man needs tonnage for a Jan 2-12, 14,000-tonne min-max bagged sugar cargo from Tampico to the Black Sea. Czarnikow-Rionda entered the market seeking tonnage for
          92 words
    • Article
      COMMODITY PRICES
      1259 10 SICOM FUTURES Dec29 RUBBER (Mam d«ia« as it SJOpa) R$S 1 CONTRACTS cwrti/kq) Close VolMM Of* Low Sott (towes) leterest J« 96 226.00 1000 F* 96 ***** 3175 Mar 96 225.00 225.00 225.50 300 1925 A#tAMM H 22X50 ***** Jvl/Up 96 224.00 ***** Otf/D#C 96 224.50 3000 BSS
      1,259 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        2405 11 -4J6 STOCKS were little changed as brokerage shares fell. Gainers included companies such as Nippon Steel that expect to profit most from an economic recovery. The Nikkei Average fell 4.96 points to end the week and the year at 19,868.15. The benchmark index was up only 0.7 per cent
        2,405 words
      • Article
        Sydney
        678 11 ♦10 A late rally helped share prices rise 0.1 per cent in a shortened end-of-year session. "It was a reasonably quiet close for the end of the year, normally we see a bit of win-dow-dressing on the last day of trade," a dealer said. The All Ordinaries Index, rose
        678 words
      • Article
        Manila
        630 11 ♦3U1 Stocks rose to a two-week high, led by the Ayala group of companies, as investors bet economic growth will accelerate next year. "Stronger hands are cradling the market," said an analyst. "My bet is that it shall be up, up and away." The PSE Composite index gained 36.11
        630 words
      • Article
        Taipei
        351 11 ♦ML09 Share prices finished higher amid bullish sentiment, with broad gains reported in cautious trading. "The market was undergoing an upward but cautious upswing to challenge the 5,400point level," said a trader. The 321-issue Weighted Price Index advanced 54.09 points to 5,158.65. Turnover was 1.39 billion shares worth NT544.93
        351 words
      • Article
        Wellington
        419 11 +1L43 Shares closed the year with a pinch of bravado. Buyers made good use of the shortened session, pushing the NZSE-40 Capital Index up 11.43 points to end 1995 on 2,149.82, 235.58 points up on its close on the last trading day in 1994. "A little bit of keen
        419 words
      • Article
        Lock icon Investment managers cool to UK stocks
        169 11 Reuter [LONDON] After a year which has seen British stocks surge to a succession of record highs, investment managers have lost their enthusiasm for the London market. With economies in Britain, the US and elsewhere expected to pull out of recent slowdowns, the interest
        Reuter  -  169 words
    • WORLD STOCK MARKETS
      • Article
        London
        588 11 +116 SHARE prices closed higher in a shortened session, with the FT-SE 100 Index closing at a new all-time high, dealers said. The FT-SE 100 Index closed up 12.6 points at 3,689.3. Volume was 182.7 million shares. At its highest level, a new intra-day record, the index was up
        588 words
      • Article
        New York
        744 11 +L80 US stocks were mixed after a profit warning from Alliance Semiconductor Corp sent shares of computer and software companies lower. Gains in tobacco and financial issues helped temper the losses. Alliance Semiconductor's warnings followed one day after Cirrus Logic Inc said it would earn less than expected
        744 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        298 11 kiMwr st mm %yr %#r Hfr %1 **r PH n iMliK CNlfi ClMBfl CtMMfl CNMfl CltMfl CMMfl Ww« 534.7 Out 173 03 »3 0.1 U t CATC 411.1 03 7.7 03 03 M Dm* tou Oil 123 03 153 0.0 Nit MAc 1301 0.7 4.4
        298 words
      • Article
        Untitled
        66 11 Adoipti Coort Brtwtnq 22 4/8 3/8 Ap«4« Compute Ltd 32 -3/8 Craattva Tacti Ord 87/8 4/8 Datavatch 51/8 1/8 IntalCP 57 V8 -16/8 IntarqraphCP ,15 -13/16 K L A Instnimanti CP 261/8 -13/8 MCI Common CP 262/8 -1/8 Microsoft CP 87 3/8 -14/8 Rank Organization M 3/8 3/8 RautanMdgPM 546/8
        66 words
    • Article, Illustration
      Lock icon HONGKONG
      2367 12 Bloomberg Business News QllingSeng +TS32 STOCKS rose to their highest level of the year on 1995's last trading day, boosted by hopes lower interest rates will boost earnings next year. "Most people expect interest rates will fall half a point in 1996," said a trader. The 33-stock Hang Seng
      Bloomberg Business News; JEN CHUA; BCRUZ  -  2,367 words
    • Article, Illustration
      Lock icon CHINA
      687 12 Reuter n Shanghai B Share Infax jjj SHANGHAI B Share Index ended down as investors liquidated their assets at the year-end, but trading was dull. The index fell 0.85 point to 47.69 on volume of 3.3 million shares worth US$l.l million. A total of 26 stocks traded with nine
      Reuter  -  687 words
    • Article, Illustration
      Lock icon BANGKOK
      1155 12 Bloomberg Business News Hsetmm «m STOCKS rose, led by property and construction issues on optimism the US economy is slowing, meaning interest rates could come down more early next year. Thai rates often follow those in the US because the baht's value is closely tied to that of the
      Bloomberg Business News; JEN CHUA  -  1,155 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks little changed; DCB up, Tenaga down
        6945 13 KUALA LUMPURReports Bloomberg Business News Composite Intel *124 STOCKS were little changed as gains by conglomerate Sime Darby and banking group DCB Holdings balanced declines by Tenaga Nasional, the dominant power company. DCB said on Thursday a new chief executive officer, Yvonne Chia,
        Bloomberg Business News; BCRUZ  -  6,945 words
    • WARRANTS & OPTIONS
      • Article
        MHE, Heshe warrants overpriced
        220 14  -  WARRANT WATCH By\ R Sivanithy IN PAST columns, we've mainly tried to focus on finding value in the warrant segment of the market in the hope that our analysis helps readers make money. This time, however, we'll focus on those that are, in our opinion, grossly
        220 words
      • Article
        Untitled
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        3,147 words
    • Article
      CLOB INTERNATIONAL
      1869 14 mmmmm Cr Or IMS LMt Vol My LaaOOaate M« Mv YM Met M Cap Mgk LH SOae Ceaipaey Sal* COOO) Mgh Lm Beyer SeBor C*er P/l tea* 471 M AISBSOC 400 30 40* 4M 4» U M 044 484 420 70.5 AMOBSOc «5J *0.5 MM *5 05J H
      1,869 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1366 15 I mm* «u M3 UM UM as ASS 5gj JSS «SS *g£ MAM CIO® TOTAL mm j ;i 3 Bff 111 5 5 5 SSSS. 1 I I 5 15 5 mum 0 0 0 I I 0 110 Su» 23 24 W 7 7 30 31 Z4 TOT At
        1,366 words
      • Article
        MAIN BOARD
        4244 15 Gr Cr M Wt MM Last Vo4 Day Laat Ouata Ok Oh W Cap A»g Lnr 8tMa Company ««4> rOOO) Mgli Law Bwyor SoBar Cw W »mB PrMa 210 T76 1256 AcarSOc US191 unci) 87 191 189 191 192 13* 3112 490 3M* mt 1000 AcmaSOC-- 470 *2
        4,244 words
      • Article
        SESDAQ
        825 15 6r Cr H «R IWI Last Val Day LaatOMto (k Mt W Wat Cm MM> f WW tii»y 8ata V- rOOO> Mm Li —fr 8a8ar Cw l»/K >a Utea mm fiTTf iTiflilTgMirffliT KI -iTiUrT TT— i sitPftaeStf; jr&m 322 40 2000 AMHMfiSc 280 *Z 233 280 276 279 280
        825 words
      • Article, Illustration
        Lock icon HOT STOCK
        74 16  -  By Teh Hooi Ling JEN CHUA MARCO POLO Development put on 40 cents in the months. It looks like a good time to lock in the profit*. Shortterm technicals are indicating that it has reached the end of the uptrend. Weekly technicals, however, show there is some more
        JEN CHUA  -  74 words
      • Article, Illustration
        Late spurt helps market end year on high note
        874 16  -  STOCKMARKET COMMENTARY Market propped up by late window-dressing LC Dev and Lam Chang shares hit after SES reprimand over breach of corporate disclosure policy- By i R Sivanithy [SINGAPORE] Late window-dressing yesterday ensured that the Straits Times Industrials Index ended the
        874 words
      • OH THE GRAPEVINE
        • Article
          Asia on the Yankee's trail
          192 16 MALAYSIA went in in style to tap the Yankee bond market in 1996, accounting for six of the 15 Yankee bond issues made by Asian corpo rates outside Japan. To date this year, Malaysia raised some US$2.l billion (552.98 billion), making it the top Asian
          192 words
        • Article
          Better mean what you say
          164 16 THE next time listed compnftmf my tfrey don't know why their shares are moving, they better mean it The slap on the wrist on Lum Chang by the stock exchange will keep companies on their toes for a white. Dealers said the takeover rumour mill
          164 words
        • Article
          A tale of two watch companies
          199 16 HOW different are die fetes of Singapore's two leading watch retailers. The Hour Glass on Thursday reported a sparkling 16.8 per cent rise in interim net profits to $5.05 million on a 10.8 per cent rise in turnover to $221.1 million. In contrast Sincere
          199 words
    • ISEAS Trends
      • Article, Illustration
        Lock icon US strategic distancing
        1033 17  -  AMERICA AMD THE REOIOHftT. BftT.AWCE OF POWER By not attuning itself to the new reaUties in the Asia-Pacific, the United States has distanced itself from the region, says Donald Weatberbeo Donald Weatherbee Professor Donald E Weather bee is the Donald S Russell Professor of Contemporary Foreign Policy
        AFP  -  1,033 words
      • Article
        Truth about balance of power
        930 17  -  From its very inception, Asean's approach to security issues has contained a balance of power dimension By Michael Leifer Professor Michael Leifer is a Senior Professorial Fellow at the Institute of Southeast Asian Studies. IN academic and political debate on regional security within South-east Asia,
        930 words
      • Article, Illustration
        Lock icon Rethinking Japan's security ties with the US
        1319 17  -  It is only because of an uncertain regional environment that Tokyo and Washington continue to be tied militarily By Heng Pek Koon Dr Heng Pek Koon is Assistant Professor of the Institute for Pacific Rim Studies, Temple University, Japan. JUST after American and
        REUTER  -  1,319 words
      • Article, Illustration
        About that missing half in Singapore politics...
        1173 18  -  Why is the Singapore political landscape so bereft of women? KanwaqitSoin explores the issue Kanwaljit Soin Dr Kanwaljit Soin is a Nominated Member of Parliament. WE are used to seeing women in leadership positions in high finance, business and academia. In Singapore, they
        1,173 words
      • Article, Illustration
        Being literary about ethnic Chinese
        1282 18  -  There are thematic similarities in the literature produced by ethnic Chinese waiters in two countries Singapore anil By. Laurel Means Dr Laurel Means is with the Department of English, McMaster University, Canada. WHAT first attracted me to a study of Singaporean post-colonial literature in English
        1,282 words
      • Article, Illustration
        Keating to deliver S'pore Lecture
        101 18 AUSTRALIAN Prime Minister Paul Keating (above) will deliver the 14th Singapore Lecture. Organised by the Institute of Southeast Asian Studies, the lecture will be held at the Island Ballroom, Shangri-La Hotel, on Jan 17 at 3.00 pm. The subject of the lecture, which will be
        101 words
      • Article, Illustration
        Helping to nurture a fledgling democracy
        1056 19  -  SorpongPeon examines the political situation in Cambodia and suggests some ways to foster democracy in that country Sorpong Peou Dr Sorpong Peou is a Research Fellow at the Institute of Southeast Asian Studies. SEVERAL months ago, I wrote two articles contending that Cambodia was
        1,056 words
      • Article, Illustration
        Whither the plantation economy?
        1221 19  -  Once the mainstay of the Malaysian economy, plantations now have a bleak future P Ramasamy Dr P Ramasamy is an Associate Professor with the Department of Political Science, (Jniversiti Kebangsaan Malaysia. A MAJOR concern among developmentalists in Malaysia relates to the future of the country's plantation
        1,221 words
      • Article
        Keeping to Asean's 'rules of the game'
        1021 19  -  Vietnam's membership and the likely entry of Cambodia, Laos and Myanmar bring certain challenges to Asean By. Hoang Anh Tuan Hoang Anh Tuan is a Research Fellow at the Institute of Southeast Asian Studies. AFTER decades of competing with Asean in establishing a
        1,021 words
      • Article, Illustration
        Lock icon Imperatives in Asean-EU relations
        1333 20  -  Yeo Lay Hwee sketches out the future direction of the relationship between Asean and the European Community Yeo Lay Hwee Yeo Lay Hwee is a Research Associate at the Institute of Policy Studies. ASIA-EUROPE relations have been receiving a lot of attention lately. Asean, with its
        REUTER  -  1,333 words
      • Article, Illustration
        Lock icon Globalising Security Council representation
        841 20  -  XMTBRMATIOHAX. INSTITUTIONS: THE UN SECURITY COUNCIL AND THE WORLD BANK Membership of the UN Security Council most reflect carrent global power relationships By Ramesh Thakur Professor Ramesh Thakur is Head of the Peace Research Centre, Australian National University, Canberra. THERE is widespread concern that the UN
        REUTER  -  841 words
      • Article, Illustration
        Recommendations or conditionalities?
        733 20  -  Is the World Bank interfering with the domestic political environment of client countries? By, Joaquin L Gonzalez III Dr Joaquin L Gonzalez 111 is with the Department of Political Science, National University of Singapore. IS the World Bank drifting away from its mandate? This is a serious
        733 words
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      Page 12 Advertisements Column 1
      173 12 .I Start my .£*l I THEBUSINESSTIMES saai^c.im^for^Q (This rate exdudcs descry charges, {appfcobfe, whkh vwf be coicaed by newswendor mantfy). The" Business Times i SEKSEn 1 Address: Date Faster. Sharper. Deeper Telephone No (H): (O): c x A I Occupation: Tlx/Fax*: *Ptease delete where appicabJe A bold new look and
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      313 16 LOST SHARE CERTIFICATES The following share certificates have been reported lost or destroyed: AMCOL HOLDINGS LIMITED Cartfflcats No. In Tlm Nam (X Ne.afStom *****9 Mrs Molly Hussein 1 x 1.000 *****21 do 1 100 *****42 do 1 110 *****80 -do 1 121 *****74 -do- 1 665 *****73 -do 1 665
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      Page 16 Advertisements Column 2
      265 16 B- U S I N E S S T I M E-S TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 In the Matter of The Companiae Ad. Cap.so and In the Matter of SB PROPERTEB (S) PTE LTD (In Mombers' Voluntary Liquidation) At an Exfraoclinary General Meeting of tf» abovenamed Company duly convened
      265 words
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      Page 16 Advertisements Column 3
      354 16 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF MARISSCO NICHIREI FOOD (PTE) UMITED (IN MEMBER S VOLUNTARY LIQUIDATION) At an Extraordinary General M««ting of the members of Manaaco NicMrw Food (Pte) Limitad duty convanad and held at 31 Fiahary Port Road Singapore *****1 on
      354 words
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      Page 16 Advertisements Column 4
      89 16 Singapore Closing Share Prices 29/12/1995 CLOSE PREV LOW HIGH USS uss uss uss All If# Jardine Matheson 6.85 6.90 6.80 6.00 IffflQlll Jardine Strategic 3.06 3.12 3.02 3.10 L VKV J Dairy Farm 0.92 0.92 0.916 0.96 Hongkong Land 1.85 1.83 1.83 1.85 ■VVPTPVI! Mandarin Oriental 1.21 1.23 1.21 1.24
      89 words
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      Page 19 Advertisements Column 1
      102 19 FOR <M SSfifrmation \€^WlWvanmaiy is®!® 1 subscribe to Printed in full-colour, in an easy to read format. Recent issues include: Political Roundup Banking and Financial Reforms Japanese Business Interests in Myanmar The Processing and Manufacturing Sector The World Economic Forum and Myanmar MyanView Forthcoming issues will include: 9 Myanmar's External
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon The Turkey Awards 1995
      1169 21 It's time for the annual bird-throwing expedition as Executive Lifestyle opens the envelopes and announces this year's deserving recipients IF YOU thought electricity was invented as a more efficient source of energy, we've got news for you. A fat man in a red suit told us
      DESIGN: JEN  -  1,169 words
    • STRAWS In The Wind
      • Article
        Hidden glutamates
        110 21 IF ONE of your New Year resolutions is to throw that nasty bottle of monosodium glutamate out of the kitchen window, think again. After all the negative press that MSG has been getting, we are now told in an exhaustive study that there's absolutely no good health reason
        110 words
      • Article
        Golfing hideaways
        69 21 WHAT do businessmen do when the New Year is just around the corner and there are salaries and bonuses to be paid? According to one steel supplier, all the contractors he knows have decided to hang around the golf course in an attempt to avoid their creditors. We
        69 words
      • Article
        Advice from kids
        58 21 WANT to Impress someone at tomorrow's New Year Eve party? Here's some advice from kids on the Internet: "Tell them you own a whole bunch of candy stores." "Shake your hips and hope for the best." "Don't do things like wearing smelly sneakers. You might get attention,
        58 words
    • TURKEY AWARDS 1996
      • Article, Illustration
        Bizarre beliefs and puzzling politics
        1662 22 Gasbag Of Hie Tear Cult leader Shoko Asahara spouted much hot air about doomsday and other such stuff to members of the Aum Shinrikyo and, unfortunately, a lot of it turned out to be deadly. The man who masterminded the sarin gas attack in a
        1,662 words
      • Article, Illustration
        Lock icon Yes sirree, that's entertainment
        1681 23 Never Say Never Again That's a line Michael Jordan ought to learn if he doesn't want to have to continue eating his words. While struggling to make a career in baseball, he said, "I will not crawl back to basketball." Guess who's back? Just a lot
        DESIGN: BCRUZ  -  1,681 words
    • Article, Illustration
      Calamities at Christmas
      535 24  -  TELEVISION Picket Fences' Tnletide episode was engrossing and entertaining. Ja And Friends, however, was neither By] Kevin Sullivan YULETIDE issues abounded, unsurprisingly enough, in sitcoms and drama series this week. Picket Fences, a superior soap, imaginatively staged and casually intelligent, was no exception. Northern Exposure was taken
      535 words
    • Article, Illustration
      Much ado about childhood
      607 24  -  CINEMA Now And Then has its share of good moments, Imt says nothing new about growing 19 female in the 70s By 1 Corinne Kerk INLAND-SCARCE Singapore, holding seances In the cemetery and saving money for a tree house aren't exactly In the top 10 list
      607 words
    • Article, Illustration
      Lock icon Party time down by the river
      500 25  -  NIGHTSPOT Coco Carib was attracting its own little following in the ran-up to Christmas By\ Corinne Kerk BOAT QUAY, with it's long stretch of food and entertainment haunts, has quietly welcomed it's latest addition Coco Carib. Perhaps as a hedge against competition and rising
      ARTHUR LEE  -  500 words
    • Article
      WHAT'S ON
      538 25  -  Compiled by Corinne Kerk mnmrriOlltß 90th Anniversary Of The End Of World War n Exhibition In the hustle and bustle of daily life, have you ever stopped to wonder what things were like just after the Second World War? For those who would like to find out more,
      538 words
    • EPICURE
      • Article, Illustration
        Lock icon Caribbean newcomer
        585 26  -  Tired of eating Italian or Japanese? Try Coco Carib at Boat Quay, suggests CMtDniß kerk CORINNE KERK SINGAPORE, as we all know, is a food paradise. And since it already offers a myriad of cuisines, why not throw in some Caribbean food as well? Doing just this is
        PHOTOS BY ARTHUR LEE  -  585 words
      • Article
        Great tastings around the world
        779 26  -  WINE CONNOISSEUR Highlights of the year included the Vinexpe and visits to three of Germany's best winemakers By. N K Yong IT HAS been a busy year, beginning with my one-week visit to Los Angeles for a wedding which provided the opportunity to look at
        779 words
    • PEOPLE
      • Article, Illustration
        Marathon of hope
        265 26 THE 1995 Terry Fox Run organised by Four Seasons Regent Hotels and Resorts in aid of cancer research was tremendously successful in terms of participation and money raised. Almost 8,000 people showed up and $400,000 was raised for the Singapore Cancer Society through corporate donations, pledge cards,
        265 words
    • Article, Illustration
      CINEMA
      1070 27 Affair Play. Dutch movie. A man is pathologically jealous. To save his marriage, he asks a golfer to seduce her. R(A). Golden: 3pm. Bate. A lonely little pig is adopted by sheepdogs and achievesshepherding greatness. Don't miss this one. Yishun: 10.55; 12.55; 2.55; 7.15; 9.15. Bishan: 11.10; 3.15; 7.20;
      1,070 words
    • TRAVEL
      • Article, Illustration
        Lock icon Born again Bahamas
        1503 28  -  r Nassau, once given a wide berth by anybody with an ounce of discernment has since been treated to an expensive facelift dated reports DAVID WICKERS The Sunday Times Irs BETTER in the Bahamas. The ads tell you this, but they don't say what "it" is. Better
        The Sunday Times; ALL PHOTOS: PHOTO BANK  -  1,503 words
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      Page 24 Advertisements Column 1
      768 24 HRHIRMWIV MI4 [«Kir i IT/*lll1 T /*1 1 1 j W I? I WORLD S LARGEST selling BEER j f i i I I mh Scrumptious Feasting Indulge, this festive season, in our scrumptious buffet spread. Featuring Smoked Salmon, Traditional turkey, Baked Rack of Lamb for Christmas; Slipper Lobster Tbermtdor,
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      Page 24 Advertisements Column 2
      225 24 WHERE TO WINE, DINE AND ENTERTAIN i TTT Where can we bring the for dinner? Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIR6P IRR seafood restaurant Offers more than
      225 words
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      Page 24 Advertisements Column 3
      140 24 I fancy 'Beijing? I Then, we 're delighted to suggest the Tine Court for a memorable dining experience. Our lunch menu offers a variety of dian fin 'Beijing dumplings, a selection of arrrr^ set menus, end 'Beijing specialities HXVy such us'Beijing 'Bafgd Tench and |pmca«rr Marinated Lamb, fancy some nou/t
      140 words
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      Page 25 Advertisements Column 1
      692 25 Where to wine, dine and entertain nnr 4£S* New Year's Eve Dinner and Dance Celebration New Year's Eve SI Dtctmber 1995 Gel ready for an evening of sheer fun and fabulous food at our 6-course dinner where you can expect a grand feast to usher in the new year! $58
      692 words
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      Page 25 Advertisements Column 2
      209 25 I Call 734 0415 $20/- per person +10% service charge for reservations of lunch and dinner <««*«•*** MM or order of Roast Turkey (3.9kg, $S5.» \)l Ml Honey Ham (18kg, $58.90) P;.j^l Orange Grove Restauiant HHHNH I (Pin Hstang Group of Restaurants) 30 Ornge Grove Road (next to Shangri-I ji
      209 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      2157 27 TODAY'S TV IS 'CViBMtfHHK I I t ———I ILBO TV Innovations. kRCOMMBWPBP VIMWIHQ —J— id um> am Close ILOO AM M.O.G. as Seen on TV Wi\ JLVII Hey TCS, make jKZSSS* BSSKSSS. S fflSasr™ me a Star Yesterday, Ticket To Ride ""<*"» v* iTyi A AMI IS MoTiv^U^rL. and Yellow
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      Page 27 Miscellaneous Column 2
      225 27 RADIO From Plus To Paperclips, baritones. Then, in 1837, the BBC, Sunday, ILKtew modern tenor voice was born This programme examines when a Frenchman excited everyday objects that have audiences by being the first to unusual histories. The sing a high C in ftill chest inventor of Velcro got the
      225 words
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