The Business Times, 25 May 1996

Microfilm: NL20600
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04<V12/95 85f SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, MAY 25-26,1996
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  • Article
    MARKET SUMMARY
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  • Article
    FINANCE
    7 1 MaSfllM ifiSlli ijii (Source: NatWest Bank)
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  • Article, Illustration
    53 prospective Maysprings condo buyers pull out
    427 1  -  2M options for tke SSS-nnit totelopaent have been exercised so far By Michelle Low [SINGAPORE] Fifty-three prospective buyers of First Capital Corp's 636-unit Maysprings condominium have chosen not to exercise their options to buy, reflecting the waivering sentiment in the residential property market
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  • Article, Illustration
    Lock icon At the fair
    45 1 [SINGAPORE] Getting a headstart in life and at the World Book Fair yesterday was this young visitor at an educational software booth. Organised by Singapore Press Holdings, the fair at the World Trade Centre is on till June 2. SeePg2 ERIC CHU
    ERIC CHU  -  45 words
  • Article, Illustration
    Lock icon Market warms to OCBC's merger plan
    344 1  -  By\ Shiv Taneja [SINGAPORE] Investors liked what they saw In OCBC Bank's proposal to merge its Malaysian operations with Pacific Bank. OCBC Foreign closed 30 cents higher yesterday at $17.70 after hitting $18 earlier in the day, while the Local shares roee by the
    Source: Bloomberg; ALLAN  -  344 words
  • Article
    Correction
    89 1 *i'. v > In our report "SM's radical proposal to distribute wealth" on Thursday, we said that one of the resale restrictions for Senior Minister Lee Kuan Yew's proposed luxury executive condominiums was that they be owner-occupied for 10 years and be resold only to Singaporeans thereafter. This is
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  • Article
    Lock icon Mahathir denies Anwar has quit
    140 1 Reuter MALAYSIAN Prime Minister Mahathir Mohamad yesterday dismissed talk that his deputy has resigned and a cabinet reshuffle was in the offing. "The problem is people are very unhappy everywhere I go as to why Malaysia is very stable," Dr Mahathir said when asked about
    Reuter  -  140 words
  • Article
    Bank Negara acts again to curb credit expansion
    451 1  -  Stateteryreeems reqaireMßts raised bp one point to 1&8% From Ho Kay Tat in Kuala Lumpur MALAYSIA'S central bank, fighting inflationary pressures in the robust economy, has further tightened the screws on monetary and credit expansion by jacking up the statutory reserves requirements
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  • Page 1 Advertisements
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Curbs on double transfer of vehicles to stay
      350 2 INTERIM measures introduced in April last year to deter double transfer of vehicles a practice which sparked public concern that dealers were hoarding Certificates of Entitlement, thus bumping up prices is to continue. The government yesterday accepted the final report submitted by
      350 words
    • Article, Illustration
      Flyers at Centrepoint and Tanglin Loft plan to close
      373 2  -  By, Jenny Lam FASHION retailer. Kuok Cheng Sui is planning to close two major stores the 12,000 sq ft Tanglin Loft at Scotts Shopping Centre and the 20,000 sq ft Flyers flagship outlet at Centrepoint mall. Market sources told BT that
      373 words
    • Article, Illustration
      Panel to promote ways to make court the last resort
      425 2  -  Centres may be set np where community in disputes By\ Conrad Raj THE government has formed a committee headed by the permanent secretary to the Ministry of Law to encourage more people to settle their problems and disputes out of
      425 words
    • NEWS Roundup
      • Article
        Mobil raises prices by 2 cents a litre
        81 2 MOBIL'S pump prices went up by two cents per litre for three grades of petrol from midnight Mobil Premium Unleaded Increased from 114.6 cents to 116.6 cents per litre. Mobil Premium went up from 136.7 pents to 128.7 cento per litre. Mobil
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      • Article
        Abacus signs aliance contract with IBM
        62 2 ABACUS Distribution Systems, a major travel industry computerised reservations system, has jggped an alliance contract with IBM. Tbe agreement fcniofree the purchase and licensing offfiM's advanced ooaietutications systems access product which is used by AMni. Tbe contract is the start of a partnership betweetyMßkaad
        62 words
      • Article
        Digital,Kon-Air in Inte
        28 2 DIGITAL Equipment Singapore to provi<te Internet Ken-Air Leisure Group's new ttanaftfi booking* service. Theaervice, thdHHHKpiftllelMH hotel accommodation and tourt afl9jpKworM<n|W| through the Internet aH&w S
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    • Article, Illustration
      Private bankers, foreign banks set to gain from property curbs
      550 2  -  wpowyiwij r 41 m S ii r i, By\ Siow Li Sen PRIVATE bankeraandforeign banks in SingapoCfc be the beneficiaries recent measures to coo*"property speculation. Rabobank Bank. Ml Samuel, Hongkong Berifcmdfcank Indosuez are aagfegjjfisee to enjoy sudden in|pMft from foreigners
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    • Article
      Unjustified public scrutiny unwise: BG Lee
      396 2  -  He says it will deter suitable people from entering politics By' Teh Hooi Ling IT is unwise to subject ministers to the kind of public scrutiny that the Senior Minister and he had to go through without justification, said Lee Hsien Loong yesterday. "You
      396 words
    • Article
      WP renews call for HPL inquiry
      159 2 THE opposition Workers' Party yesterday renewed its call for the setting up of a Commission of Inquiry to probe the discounts Hotel Properties Ltd gave to selected buyers of its Nassim Jade and Scotts 28 apartments. "The public has heard enough from ministers," it
      159 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      220 2 i. v ii... .1 EXECUTIVE Appointments •TO ADVERTISE CALL TOLL-FREE 1800-*****83 Jj#\ JWRA Notional Mutual Funds Management National Mutual Funds Management (Asia) Ltd. is the Asian (ex-Japan) specialist of the AXA/National Mutual Funds Management Group, which has total funds under management in excess of US$27O billion worldwide. We are expanding
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      233 2 CRYPTIC CROSSWORD 1 Potter's seven points get 8 Ancient, and conveying ri 1 impression of natural em- 1 1 I I I I I I I I I I 11 Speed ofa quiet one (4) pEL--12 Artist in attempt to ar- "j I I range hair (5) —LhJ—L^_ 16 Lock
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        539 3 Those polled for their views on the Singapore stock market's outlook in the week ahead are: Alliance, Daiwa, Kay Hian James Capal, Deutsche Morgan, Nomura, Phillip, Merrill Lynch, WI Cart. Final results came in above market—as well as our—expectations. Results were spurred by a trebling of HSlTs
        539 words
      • Article, Illustration
        In My Opinion
        474 3  -  Tua Huan Wah OWflmnMa UhMRM UT NFRASTRUCTURE, I infrastructure and, of X course, infrastructure!" This was the recent reply by a senior. Philippine official on Manila's top three priorities. This statement perhaps reflects the current state of mind of many Asian governments. Poor planning for infrastructure needs
        474 words
    • Article, Illustration
      Plan to make life wonderful
      898 3  -  Have you a financial plan to provide security for yourself and your loved ones? Here are some guidelines By I Steve Dean The writer is a financial consultant at Smith Barmy. Thekutet offni computerised financial planning services through several products, among them The Strategic Asa*
      898 words
    • Article
      Two broking firms see STII hitting 2,600 by year-end
      478 3  -  BathnckMtUaisa gsodtimeto MDactnfaw stacks By] Lee Yoke Har TWO stockbroking firms are confident the local stock market will soar to lift the Straits Times Industrials Index (STII) to the 2,600-level by the end of the year, despite the possibility of near-term
      478 words
    • Article
      Expect a flood of fund-raising
      791 3  -  BVB ON TBB BSOZOM: JAKARTA Stocks abMtikfliy to be re-r&tod after 2nd MBMftor'f IPOs By David Chang The writer is the director qf research at Vlcksrsßallas Tamara THE Jakarta stock market may be a David compared to some Asean market GoUaths, but for the year
      791 words
    • Article
      ACU DEPOSIT RATES
      475 3 ■Mkflf CMM ■■■■■■■■■■HI M$ 25JN-MMM UNO MM UM a$ zajm-num urn mm mm 10.000-4W» UM MM MBS B-fct 50.00° t Atoot M750 M750 MJ75 UM MM 7JM On* Urt<NMN MM MM TM AM-«m UM 2.4175 ton M B30,000(Mow 2J075 U2S0 2*250 MM-MMri w»— n— mi HK$ MM-4NL9M
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  • REGION
    • Article
      Deputy PM Thaksin, 4 others quit cabinet
      441 4  -  BANGKOK Mm ends speculation his party might leave coalition By Loh Hui Yin DEPUTY prime minister Thaksin Shinawatra yesterday stopped short of pulling his Palang Dharma Party out of the troubled Banharn coalition. Instead, the telecommunications tycoon and four other party members said
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    • Article
      Uncertainly surrounds the launch date of Indon national car Timor
      497 4  -  JAKARTA Astra aad Indomobil say they have no idle assembly lines By S N Vasuki CONFUSION reigns over the launch date of Indonesia's controversial national car, the Timor. Local newspaper reports yesterday suggested that the car may not be launched
      497 words
    • Article, Illustration
      Lock icon China calls for an Apec service to resolve disputes
      407 4 MACTAN, Philippines IfsnatdeariftUs will cover the current trade row with the US AFP CHINA, embroiled in a trade rift with the United States, yesterday called for a mechanism to resolve disputes within the Asia-Pacific Economic Cooperation (Apec) forum. Wang Yusheng, senior
      AFP  -  407 words
    • Article
      Lock icon Zhu: OK to upgrade military capability
      241 4 KUALA LUMPUR Reuter COUNTRIES in the Asian region have a right to upgrade their military capabilities to protect their integrity, Chinese Vice-Premier Zhu Rongji said. "But we also take into account that the region is currently enjoying great security and political stability and any
      Reuter  -  241 words
    • Article
      Lock icon Indon official urges overhaul of tax laws
      225 4 JAKARTA AFP THE Indonesian government needs to overhaul the country's tax laws to maximise revenue and eliminate regional taxes that are a burden to businesses, said Tax Director General Fuad Bawazier. Regional levies, called "retributions", have created uncertainty in the business community as
      AFP  -  225 words
    • Article, Illustration
      Lock icon Malaysia's first cyber township?
      64 4 [KUALA LUMPUR] Malaysian Energy, Telecommunications and Post Minister Leo Moggie (right) looking at the model of the Bandar Seri Permaisuri township project in Kuala Lumpur yesterday. The developer has touted it as the country's first cyber township, with hi-tech digital and fibre optical telecommunication systems. The
      AFP  -  64 words
    • Article
      Lock icon No Perwaja cover-up: Mahathir
      247 4 KUALA LUMPUR Bernama MALAYSIAN Prime Minister Mahathir Mohamad reiterated yesterday that the government will not hide anything over the massive losses sustained by state-owned Perwaja Steel Sdn Bhd. Legal action would be taken against any wrong-doing, he told reporters upon his return from a 12-day working
      Bernama  -  247 words
    • Article
      Lock icon N Korea to US: Sign bilateral peace pact
      317 4 SEOUL AFP NORTH Korea's official media, citing "the danger of the outbreak of war at any moment" yesterday again urged the United States to sign a "temporary" bilateral peace treaty sidelining Seoul. "The danger of an outbreak of war at any moment
      AFP  -  317 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1292 4 an FUSMT ETA man ETP AMaWa SB23D WO HtroiMwi S0977 1655 S0978 0130 OfSI 1930 Ho CM MM) VM741 1310 VW740 MIO kmm RJK7 0130 EK72 1730 S0174 MIS 4m *114? 0455 2300 **1 2340 S0/DL25 0650 S0346 2330 Hb«|MB| SOI 1125 UAM6 0700 KLI37 M45
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    • Article
      Lock icon Chinese govt firms deny US charges of arms smuggling
      434 5 BEIJING Incident could pat farther strain on already tense Sine-US relations Reuter, Bloomberg Business News CHINA'S two top governmentrun munitions firms yesterday dismissed US charges that they had smuggled US$4 million (515.6 million) worth of automatic weapons to the United States.
      Reuter,; Bloomberg Business News  -  434 words
    • Article
      Lock icon Japan is top holder of overseas assets for Hie fifth year
      268 5 TOKYO Reuter, AFP JAPAN remained the world's largest holder of overseas assets for the fifth straight year in 1966, with 78.99 trillion yen (Sfl trillion) worth of net assets abroad at the end of last year, the ministry of
      Reuter,; AFP  -  268 words
    • Article
      Lock icon China to crack down on Me health tonics
      173 5 BEIJING AFP CHINA is to launch a threemonth campaign to clamp down on widespread sales of fake and sub-standard health tonics, the China Daily said yesterday. The campaign, to be launched by the State Administration for Industry and Commerce (SAIC), is aimed
      AFP  -  173 words
    • NOTE Book
      • Article
        Lock icon US to sell missles to Taiwan
        48 5 AFP (WASHINGTON) The United States announced plans on Thursday to sell 466 Stinger missiles along with other military equipment to Taiwan for US$B4 million (5911&4 "The miasttee will be used to upgrade air defence capabilities," the Pentagon said in a statement. —AW
        AFP  -  48 words
      • Article
        Lock icon Chook those Indian rupee notes
        57 5 AFP [NEW DELHI) India's central bank yesterday issued a warninf over the circulation ofcounterfelt money and said it Is accepted from banks and marketB»stats»ruiiraao said. The Reserve Bank of India (RBI) in a statement said customers pay heed while receiving 100-rupee (SK2O) notes. The 500-rupee
        AFP  -  57 words
      • Article
        Lock icon Sign labour cintracts or else...
        85 5 AFP [BEIJING] China has promised tough punishments for private employers who £ail to sign labour contracts with their workers by the end of the year, the China Daily reported yesterday. "Those that Call to implement the contract labour system will be subject to sanctions under
        AFP  -  85 words
      • Article
        Lock icon Missles found in HK airport
        67 5 AFP 1 11 w (HONGKONG] Two missiles and bomb-making equipment were found in the cargo terminal of Hongkong's Kal Tak airport yesterday, police said. The bomb parts, found during a routine customs search, had been flown in from China end were to be shipped overseas,
        AFP  -  67 words
      • Article
        Lock icon Salvage work starts
        37 5 AFP [DHAKA] Salvage teams began efforts yesterday to raise a Bangladeshi ferry that sank in the Jamuna river after colliding with another ferry overnight, leaving a feared toll of 100 deed, officials said. —ASP
        AFP  -  37 words
    • Article, Illustration
      Lock icon What's in a name? Money
      56 5 [YANGON] A Myanmar boy working on personal plastic name tags at his roadside shop in Yangon yesterday. Each name tag is sold for 60 kyat, equivalent to US$lO (Ssl4) at the official rate but about 60 US cents in the black market. The boy makes
      REUTER  -  56 words
    • Article
      Lock icon Six CD firms under anti-piracy probe
      326 5 BEIJING China move comes just weeks before US sanctions take effect AFP CHINA has launched an investigation into six named manufacturers of pirated compact discs, Xinhua said yesterday, just weeks before billions of dollars of US sanctions are due to take effect in a
      AFP  -  326 words
    • Article
      Lock icon Seoul to raise foreign stake ceiling?
      280 5 HONGKONG Bloomberg Business News THE Korean government may raise the maximum stake a foreign investor can buy of a Korean company on its stock market to 20 per cent later this year and 23 per cent next year, the stock exchange chairman said. "The
      Bloomberg Business News  -  280 words
    • Article, Illustration
      Lock icon First chief executive will be acceptable to HK: Beijing
      357 5 HONGKONG China went single •at any candidate for ffpAcinl trtiitiiif it Reuter CHINESE President Jiang Zemin gave an assurance yesterday that Hongkong's first chief executive under Chinese rule would not be an unpopular choice foisted upon the territory, a Chinese spokesman
      Reuter  -  357 words
    • Article
      Lock icon All dried-up: Sri Lanka faces its worst energy shortage
      326 5 COLOMBO AFP SRI LANKA launched its biggest river-dam project 17 years ago with high hopes of selling electricity to India, but is now facing its worst energy shortage, with a total blackout expected by this weekend. (p desperation, the main electricity
      AFP  -  326 words
    • Article
      Lock icon Miners vote to fight sweeping labour reforms
      268 5 ■SYDNEY AFP MINEWORKERS yesterday voted to spearhead a campaign of industrial action against sweeping labour reforms to be introduced under legislation unveiled on Thursday by Australia's new conservative government. The far-reaching workplace reforms were generally welcomed as "long overdue" by employer organisations and
      AFP  -  268 words
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  • REGION/WORLD
    • Article
      Lock icon India's 10-day-old govt promises to speed up economic reforms
      455 6 NEW DELHI BstthaßJPtaui's mlikatjrt* carvtfea v*te«f ctnfidMicft nozt wook Reuter INDIA'S first Hindu nationalist government promised yesterday to speed up economic reforms, establishing its freemarket credentials ahead of a parliamentary test vote it is expected to lose next week. President Shankar
      Reuter  -  455 words
    • Article, Illustration
      Lock icon BJP ally sees civil war if govt falls
      316 6 BOMBAY AFP A FIREBRAND Hindu leader whose party runs the Maharashtra state yesterday warned of a nationwide civil war in India if its first Hindu government lost power in a vote of confidence next week. Shiv Sena chief Bal Thackeray was quoted
      AFP  -  316 words
    • Article
      Lock icon Weak aircraft: demand pulls down US durables orders
      298 6 WASHINGTON Reuter A BIG drop in demand for new aircraft and parts pulled orders for costly manufactured goods down sharply in April, the US Commerce Department said yesterday. Total new orders for durable goods fell 1.9 per cent ir April to a
      Reuter  -  298 words
    • Article
      Competing competitiveness reports
      276 6  -  M SINGAPORE There'll be 2 w*rM (eiIIfeUHvWIIBIIII reports this ye&r By Anna Teo NOT one but two world competitiveness reports will be published this year, each claiming to reflect the latest thinking and research on the subject and present the true "winners" and "losers" in the global
      276 words
    • Article
      Lock icon Size of IMF emergency fund to be doubled
      261 6 WASHINGTON Reuter THE Group of 10 industrial countries and a number of vigorous smaller economies on Thursday agreed to double the size of an emergency financing ftind that can be used to fight Mexican-style economic upheavals. The enlarged arrangement will give the
      Reuter  -  261 words
    • Article, Illustration
      Lock icon US, Germany sign open skies agreement
      279 6 MILWAUKEE. Wisconsin Reuter PRESIDENT Bill Clinton and German Chancellor Helmut Kohl on Thursday signed an "open skies" aviation agreement that permits unrestricted commercial airline service between the two nations. The signing comes after the Clinton administration agreed this week to grant antitrust immunity to
      Reuter; AFP  -  279 words
    • Article
      Lock icon The Dow celebrates its 100th anniversary tomorrow
      632 6 NEW YORK The index rouiniu enduring snapshot of the US economy Reuter THE Dow Jones Industrial Average marks its 100 th anniversary tomorrow, a major milestone for Wall Street that barkens back to memories of dizzying climbs and crashes and hopes of a
      Reuter  -  632 words
    • Article
      Lock icon House defies Republican leaders and okays raising minimum wage in US
      339 6 WASHINGTON AFP THE US House of Representatives on Thursday defied its Republican leadership and approved an increase in the minimum wage covering aU US workers. The 90cent increase would bring the US minimum wage from U554.25 to US$5.l5 an
      AFP  -  339 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      51 6 WATCH OUT For The Straits Times, Life Section On 28/5/96 (Tuesday) •n •ri t r -ppt t r ,rr 11 .r i -m :nr -;i-urjlif .jf 'jinn ,in >• riir- r f -f, n ~t i .f: rr t ><•; l.ilr-rr' 1 V M i.j :r i.lok) i I IV3H
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      99 6 DOOMESBURY FLA giri fgr S By Gary Trudeau No, I'm a morale officer. This particular operation wants to know what I I>r assigned to NATO IFOR, Is a little tougher than J IGBTTHEMI s S you do in the Navy, p and r m tasked to keep most because I
      99 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      CDL sizing up Granada hotels
      457 7  -  Gkain of 17 Esdosto hotels in US and Europe up kabbfOKfrnp From* Quak Hiang Whai in Hongkong OFFICIALS of Kwek Leng Beng*s CDL Hotels Group are in London to look into a few hotels in a chain of 17 put on the market by Britain's
      457 words
    • Article
      Sukamto takes Amcol board fight to shareholders
      476 7  -  Letter urges shareholders to support call for EGM w Tan Sai Siong [SINGAPORE] Indonesianborn Singapore businessman Sukamto Sia is turning the heat on Amcol Holdings directors by taking his attempt to unseat them to shareholders. His efforts appear to be timed to maximise
      476 words
    • Article
      OCBC-Pacific Bank merger— a look at the equity scenarios
      651 7  - OCBC-Pacific Bank merger a look at the equity scenarios HOCK LOCK SIEW Shiv Taneja OCBC Bank appears to have decided that the way forward In Malaysia is to aggressively grow its retail banking business. In one fell swoop, it will more than triple its branch network to 94 with its
      651 words
    • Article
      HK court throws out suit against Liang Court officers
      218 7 [SINGAPORE] Listed property developer Liang Court Holdings announced yesterday that a lawsuit brought against three of its officers earlier this year has been struck out by the High Court of Hongkong. Costs were also awarded against the man who filed the
      218 words
    • Article
      Record year for Jurong Cement
      298 7  -  By\ Siow Li Sen (SINGAPORE] Jurong Cement has turned in a record year with turnover up 36.9 per cent to $128.7 million and net profit up 63.8 per cent to $21.8 million. exceeding expectations by a wide margin. The company said it benefited from strong
      298 words
    • Article
      Acer plans warrants, bond issues
      250 7  -  It will raise $68m to build warehouses in STpere, Taiwan By Genevieve Cua [SINGAPORE] Mainboardlisted Acer Computer International said yesterday it plans to raise about $68 million through an issue of detachable warrants, in conjunction with an unsecured bond issue and a transferable loan facility.
      250 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Holding company of 2 top Sabah banks to be listed
        337 8 Saria Capital HeUings te debet en ELSE main b«ard in July or Angast NST [KUALA LUMPUR] Sabah's two leading banking institutions, Sabah Development Bank and Sabah Bank, hope to make their listing debut on the main board of the Kuala
        NST  -  337 words
      • Article
        UE to sell 5% stake in Southern Hospital
        182 8 [SINGAPORE] United Engineers (UE) said yesterday it is selling 5 pa* cent of its shareholding in The Southern Hospital Sdn Bhd, reducing its stake to 45.5 per cent UE is selling the shares at a par value of Msl to Mediquest Sdn
        182 words
      • Article
        Seven groups bid for HK$12b project
        291 8  -  BfcMors fie far second pkase of project at airport-rail station Byi Quak Hiang Whai in Hongkong SEVEN consortiums comprising Hongkong conglomerates yesterday submitted bids for the HK|l2 billion (552.2 billion) property project at the proposed Tai Kok Tsui air-port-railway station. Quek Leng Chan's Guoco
        291 words
      • Article, Illustration
        Lock icon Tears that moved parliament
        56 8 [TAIPEI] An anti-nuclear poster forming the backdrop for a protester in front of the Taiwan parliament yesterday. The parliament later voted to cancel the Taiwan Power Co's fourth nuclear power station project by a 76-42 margin, but the ruling Nationalist Party said the cabinet would ask
        REUTER  -  56 words
      • Article
        Lock icon China opens its largest futures brokerage in Beijing
        186 8 Reuter [BEIJING] China has launched its largest futures brokerage in terms of registered capital, an official from the China Securities Regulatory Commission said yesterday. Beijing-based Capital Futures Co Ltd had a registered capital of 60 million yuan (Sslo million), the largest in
        Reuter  -  186 words
      • Article
        Inchcape to dump liquor activities: report
        281 8  -  From, Surinder Singh m Sydney INTERNATIONAL distribution group Inchcape pic is finalising plans which will see the company dump its liquor marketing and distribution activities, according to The Australian Financial Review. The Review said yesterday that shareholders attending a recent annual meeting in London
        281 words
      • Article
        Lock icon Shandong power plant gets OK
        126 8 Bloomberg Business News [HONGKONG] China Light Power Co, one of the territory's main utilities, said it received Chinese government approval to build a US$1 billion (S$1.4 billion) power plant in coastal Shandong province. "We have received approval from the State Planning Commission and the State
        Bloomberg Business News  -  126 words
      • Article
        Record earnings for ST Capital division
        203 8 [SINGAPORE] ST Capital's financial engineering and capital markets division achieved record earnings last year of $7 million, almost a threefold increase over the previous year, the group says in its latest annual report. The division's Singapore dollar interest-rate swap book performed "extremely well", and
        203 words
      • Article
        Lock icon HK Telecom joins global alliance
        405 8 BritbhTalecoa's Concert has 2,500 MNC customers SCMP [HONGKONG) Hongkong Telecom has signed a memorandum of understanding to Join British Telecom's Concert alliance for global telecommunications services. The move may significantly alter the balance of Hongkong Telecom's profits between international traffic minutes and other earnings in
        SCMP  -  405 words
      • COMPANY Briefs
        • Article
          SingTel forms subsidiary in M'sia
          39 8 [SINGAPORE] Singapore Telecom (Sing Tel) has formed a whollyownedsubsidiary in Malaysia, Viva BahagftaSdn Bhd. The investment holding company has an autfcoriaed capital of M) 100,000 and an lamed and paid-up capital of Ms 2.
          39 words
        • Article
          Super Coffeemix:warrants but no bonus
          66 8 [SINGAPORE] Super Coffeemlx Manufacturing has received in-principle approval from the Stock Ivctaipaf Singapore (SES) for its propoeed issue of 60 million detachable warrants in conjunction with a $88 million five-year loan facility. However, a propoeed bonus iaaua of 100 million new sharea on the basis
          66 words
        • Article
          99% acceptance for Freight Links'sights
          49 8 [SINGAPORE) Freight that as at la«t Tuesday it had received acceptances tor Hia,, million rights shares at 10 cents eaeh with I*7 warranto, representing per cent of tl» total rigfeta ~'l shares with warrants. ExceeaappUcatiOMWimaeetvaCJ; for 1.3 million rights sharaa with 801,000 warrants. v
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    • REGIONAL/INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon Takeda Chemical posts 14.3% profit rise
          64 9 AFP [TOKYO} Japan's Takeda Chemical Industries said yesterday that consolidated para-tax profit rose 14.8 per cent from a year earlier to 90.96 billion yen (511.3 billion) in the year to March. It said revenue roee 8.8 per cent to 801.34 billion yen. Takeda forecast
          AFP  -  64 words
        • Article
          Lock icon Sanyo posts net loss in quarter to March
          41 9 AFP 813.4 biUion yen. No comparative data was available as the company is changing its balance date to March. It forecairt a 16.5 billion yen profit for the year to March 1967. AFP
          AFP  -  41 words
        • Article
          Lock icon Cosmetic maker Shiseido pre-tax up 26%
          62 9 AFP fTOKYOI Cosmetics maker Shiseido said yeeterday consolidated pre-tax profit rose 26.1 per cent from a year earlier to 38.8 billion yen (***** million) in the year to March. Shiseido said revenue increased 8.8 per cent to 8608 billion yen. It forecast a pre-tax
          AFP  -  62 words
      • Article
        Lock icon BAT shares surge after US court rejects smokers' case
        204 9 Reuter [LONDON] Shares in tobacco to financial services giant BAT Industries surged yesterday after a US appeals court threw out a landmark case brought by smokers. The Louisiana case, known as Castano after one of the litigants, claimed tobacco companies deliberately
        Reuter  -  204 words
      • Article, Illustration
        Lock icon NTT's pre-tax profit up 130%
        345 9 10% rise in phone rates main reason for 32&92b yen gain but it warns of profit fall next year Bloomberg Business News [TOKYO] Nippon Telegraph Telephone Corp's profit soared in the most recent fiscal year after the company raised rates for telephone services. Japan's largest
        Bloomberg Business News; AFP  -  345 words
      • Article
        Lock icon A Disney-McDonald's pact
        226 9 FT [NEW YORK] Walt Disney, the entertainment group, and McDonald's, the fast food chain, on Thursday announced what may rank as the biggest global marketing alliance yet devised. The deal gives McDonald's exclusive rights to use characters from Walt Disney films in its promotions for 10 years
        FT  -  226 words
      • Article
        Lock icon Sharp's profit up on sales rebound
        213 9 Bloomberg Business News [TOKYO] Sharp Corp profits rose in its most recent fiscal year thanks to a rebound in sales of home appliances such as refrigerators and air conditioners. The electronics maker said pretax profit for the year ended March 31 rose 5.2 per
        Bloomberg Business News  -  213 words
      • Article
        Lock icon Isetan books first net loss on Barney's collapse
        246 9 AFP [TOKYO] Japan's Isetan Co Ltd reported yesterday its first net loss since going public in 1961, totalling 31.84 billion yen (Ss4l7 million) due to its exposure to Barney's Inc of the US. The company said this had led to an extraordinary
        AFP  -  246 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
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        602 words
      • Article
        CONTAINER SCHEDULES
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        1,402 words
    • FINANCE & COMMODITIES
      • Article
        Write-offs cut bad loans by half
        527 10  -  Wont may be over for Japanese banks within a year, says finance ministry From Anthony Rowley in Tokyo THE amount of write-offs still lurking in the country's financial system was more than halved to 8.32 trillion yen (*****.51 billion) in the six months to
        527 words
      • Article, Illustration
        Lock icon US$ still northbound in long run
        359 10 US$/mark THE US| gained ground for the first four days of this week, touching a high of 1.5468. Some short-term correction is 1 likely since daily stochastics are at overbought levels. A 'l bearish reversal day is also M seen on the daily chart
        Source:; ALLAN  -  359 words
      • Article
        Two Thai firms raise US$89m
        147 10 [SINGAPORE] Two Thai companies have raised loans here amounting to some US$B9 million (S|l2s million) from the offshore market. First City Investment Public Co raised US$6B million, while Thai Financial Trust Public Co raised US$2l million. Both deals were signed yesterday. First City is using
        147 words
      • Article
        Lock icon Top Japanese non-life insurers hit by bad debt write-offs
        482 10 Four report lower parent pre-tax profits for year AFP [TOKYO] Japan's top four non-life insurance companies all reported on Thursday lower parent pre-tax profits for the year to March, largely due to write-offs of bad debt A rebound in the Japanese
        AFP  -  482 words
      • Article
        Lock icon SEC chief warns against personal trading by fund managers
        324 10 Industry most tackle issue that refuses to go away, says Levitt Bloomberg Business News [WASHINGTON] Securities and Exchange Commission (SEC) chairman Arthur Levitt warned the mutual fund industry that he's growing increasingly concerned about personal trading by money managers who oversee
        Bloomberg Business News  -  324 words
      • Article
        Lock icon Euroyen eases on profit-taking
        222 10 HIMKI Report Reuter [SINGAPORE) Simex Euroyen futures ended on a soft note as players took profit ahead of the weekend, after shrugging off comments by Bank of Japan governor Yasuo Matsushita. Dealers said his remark that Japan's economy was recovering gradually, but needed to gain more
        Reuter  -  222 words
      • Article
        Lock icon CURRENCY REPORT
        178 10 Reuter THE dollar rose over half a yen in European trade on the back of comments by Japanese Finance Ministry official Eisuke Sakikibara but eased off the session highs. Mr Sakikibara was quoted as saying that a rate of 130 yen per dollar would not be surprising if
        Reuter  -  178 words
      • Article
        Lock icon Iraq's return refocuses attention on quota-busting
        336 10 ENERGY REPORT Reuter [LONDON] Opec members have rushed to put a brave face on the prospect of additional oU volume hitting the market but the return of Iraqi oil exports should refocus their attention on the group's chronic over-production. This week's agreement between the
        Reuter  -  336 words
      • Article, Illustration
        Untitled
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        1,088 words
    • Article
      COMMODITY PRICES
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      1,171 words
    • Article
      WORLD STOCK MARKETS
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      1,816 words
    • Article
      Lock icon TOKYO
      1447 11 AFX-Asia Qaua *7436 SHARE prices closed broadly higher on scattered bargain-hunting as investors took advantage of earlier declines to pick up low-priced, large-cap stocks, brokers said. The 225-share Nikkei Average closed up 74.35 points at 21,796.43. The Topix Index gained 2.45 to 1,664.55. Trading levels were light, with an
      AFX-Asia  -  1,447 words
    • Article, Illustration
      Lock icon HONGKONG
      1488 12 AFX-Asia flU—gSt -UJB SHARE prices closed lower on profit-taking. The Hang Seng Index closed down 11.68 points at 11,019.16 on turnover of HK53.79 billion. "It was a day when the big players sat on the fence and watched the bargain hunters," a dealer said. The market followed New York
      AFX-Asia  -  1,488 words
    • Article, Illustration
      Lock icon CHINA
      590 12 Reuter Qamnghaiß Share falc -QjS3 THE Shanghai B market closed lower in thin trade on a lack of fresh leads. The B Index shed 0.53 point to close at its intra-day low of 49.14 on volume worth US$l.6l million. The A Share Index was down 2.84 points at 665.29
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  590 words
    • Article
      Lock icon TAIPEI
      325 12 AFP QWFUb +***** SHARE prices finished 2.5 per cent higher as domestic investors hunted for bargains. Domestic fund managers and speculators pursued laggards and cheap industrial issues such as textiles and petrochemicals, while most foreign institutions were absent, brokers said. The Weighted Price Index rallied 144.06 points to 5,934.81.
      AFP  -  325 words
    • Article, Illustration
      Lock icon JAKARTA
      676 12 AFP +0.74 SHARE prices closed marginally higher yesterday, driven mostly by local speculation, dealers said. "It's been pretty quiet. The foreigners have been pretty much out of the market today," a dealer said. The JSE Composite Index edged up 0.74 point to 618.06. Turnover was estimated at 93.1 million
      AFP  -  676 words
    • Article, Illustration
      Lock icon BANGKOK
      751 12 AFP HSETMn *ltg SHARE prices gained in anticipation of positive political changes, brokers said. "Investors are expecting the prime minister to reshuffle his unpopular Cabinet in line with public sentiment," said one broker. The SET Index rose 14.22 points to close at 1,299.55. A total of 104.3 million shares
      AFP  -  751 words
    • Article
      Lock icon MANILA
      285 12 AFP niugi ♦ltai SHARE prices closed higher as foreign investors remained optimistic about the country's economic prospects. An analyst said: "Buying was spurred by the market's expections of better first quarter GNP figures due for release next week." The PSE Index added 16.84 points to 3,213.09. Turnover was 7.1
      AFP  -  285 words
    • Article
      Lock icon SYDNEY
      568 12 AFP Qillor*uu*» -u SHARE prices eased, with brokers reporting little interest from overseas investors. The All Ordinaries Index fell 2.9 points to 2,254.2. Turnover was 379.4 million shares worth A 1502.9 million, with advancing issues outnumbering those declining 467 to 499. Market leader BHP dropped Ave cents to A
      AFP  -  568 words
    • Article
      Lock icon WELLINGTON
      258 12 AFP nWtflntfw -U7 SHARES ended lower, with the NZSE-40 Index down 6.17 points at 2,068.30. Among the features were solid turnover of two million shares in Telecom, boosting overall volume to NZ$4l million. —AFP mm AN2 Banking T.05 uncfi 540 A*vanta«MHM«t 1.*0 inch ***** jUmwiilllXW W "0-03 *****3 Air
      AFP  -  258 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks rise as political concerns abate
        7180 13 KUALA LUMPURBeports AFX-Asia OGmnptritolmku ♦MJS SHARE prices closed higher following the return of Prime Minister Mahathir Mohamad from his overseas trip. Dealers said he is expected to allay concerns about the current political situation. One dealer said Mr Mahathir is expected to allay fears
        AFX-Asia  -  7,180 words
    • WARRANTS & OPTIONS
      • Article
        SSL warrants for stout hearted
        3238 14  -  WARRANT WATCH By Paul Leo THE two warrants of Straits Steamship Land provide some interesting pointers on expectations of the company. The warrants' implied volatility is as high as four times that of the underlying shares' historical volatility. The SSL warrant which expires on Dec
        3,238 words
    • Article
      CLOB INTERNATIONAL
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      1,637 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
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        478 words
      • Article
        MAIN BOARD
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        4,220 words
      • Article
        SESDAQ
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        739 words
      • Article, Illustration
        HOT STOCK
        63 16  -  Paul Leo STRAITS STEAMSHIP LAND roee 14 cents to H79 am thnr million shares done—ttrtce the lOday average of 1.5 million units. Investors thinking of jumping in should be prepored/or mm highty volatile action. WhUe daily and weekly indicators art neutral, monthly Relative Strength Index is heading fiat
        63 words
      • Article, Illustration
        Stocks rise further but dealers remain sceptical
        886 16  -  imuonr OOHMBMTAST Sentiment has improved Irat there's no strong vehune to snsuin the recovery, they say By Teh Hooi Ling [SINGAPORE] Share prices ended higher for the third day in a row, but dealers are not convinced that the uptrend will be sustained
        886 words
      • ON THE GRAPEVINE
        • Article
          OCBC Indon venture in the offing?
          95 16 ACCORDING to market sources in Jakarta, Singapore's OCBC Bank is talking to Bank NRP about establishing a Joint venture bank. Some even have it that the venture has already received approval from the Indonesian authorities. It is bettered to be one of four foreign
          95 words
        • Article
          Why Cycle will do okay
          134 16 INVBSTOENTanaIysts are confident that Cycle it Carriage, which many say win derive much of its earnings from its property eector this year, won't sul&r any adverss impact from the new rulings governing property deals. Meet of its prejsits have already been eoM, end it was
          134 words
        • Article
          The great myth about US equition
          100 16 JlMEOGms,whoq W g J mil Wind tefiobioohknitati^iiitfteai^f lmown as the investment biker, said that one of the greatest myths about the US stock market is that it doem t stay in the pits for long. Stocks in the US have been rising for over
          100 words
        • Article
          region
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          44 words
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      87 7 *t w > 4' JH IE mi m -111 |H m WPw KM*. f M J j| I at its very finest. The most innovative of ideas are applied to exclusive PPJPHRHHa quality components from Europe. EUROKITCHEN HOLDINGS PTE LTD Providing state-of-the-art ergonomic the promenade paragon »y soco Unit *03-13
      87 words
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      125 8 > Cb pt e L eeC S trS CCp ChH ('la 41/ r Vtf At- 9 Follow the Sun on its way down with draft beer, cocktails and over a 100 different liquors at Pepper's Bar. And get into the 60s 70s frame-of-mind with a live band and over 600
      125 words
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      159 12 Land Transport Authority Infoline on Resu,ts I INFIIIIinP COE Bidding Results f!ar Bftglstrntinn Nnmhpr Availability. Wondering which share result An SPH AudioTex Service Available oalOdi or 11th of evay month. All you Available between Saturday and Wednesday each week. All yoa need is Call OUr non-1900 AudioTex Enquiry need is
      159 words
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      200 13 GET KEY INFO Special reports at $30 a copy. UMUIMM— MALAYAN UNITED INDUSTRIES (MUI) «P«Wl*» of $70 a copy. vaM up to /rM AM UfYT CTAT'FC □„*«,<««, OOTC Up HUI MUU\S vwt our briar nat alia K<<hod of Payimm Q Owqw wdaaid payafcla to Bngipow Pwm HokSng* L>d tar I
      200 words
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      67 15 irmgp I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Supplement in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner. 4BWE Joe
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      Page 15 Advertisements Column 2
      119 15 Tb; SPH Audiolfcx Department Singapore Press Holdings Ltd 82, fi»ntiii| Lane Singapore *****7 Td 740-1493 Fax: 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick tke appropriate boa; prices include GST). Subscription Period a una. a*—**. Q 3m ntSSMJ» atS$4M9 atSS2SJ9 Payment Options (Norm
      119 words
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      323 16 BUSINESS Notices i<> \i> i kii s i < \i i io i i-1 ki i i s (mi ---i i in s IN THE MATTER OP THE OOMPAMES ACT. CAPJ9 AND IN THE MATTER OP KOON WAH MIRRORS PACTORY (S) PTE LIMITED At aa Extraordinary General Meeting of Members
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      Page 16 Advertisements Column 2
      555 16 NOTICE OF FINAL MEETING IN THE MATTER OF THE COMPANIES ACT, CHAPTER AND IN THE MATTER OF BROWN ft WILLIAMSON (SJL ASIA) PTE. LTD. (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN that Final General Meeting of (he member* of the Company will be deemed to be held on the
      555 words
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      Page 16 Advertisements Column 3
      212 16 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF F ft M CONSULTANTS PTE. LTD. (In Members' Voluntary IJQUtOSDOn) NOTICE OF FMAL GENERAL MEETING NOTICE IS HEREBY GIVEN in pursuant to Section 300(1) of the Companies Act, Chapter 50, that a Final General Meeting of
      212 words
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      Page 16 Advertisements Column 4
      342 16 M THE MATTES OF THE COMPANIES ACT. CAPJB Aad TOP POTT TECHNOLOGY PTE LTD (JtMimMrsMiliitaj HpffcdmJ At at Extraordiaary Gaaaral Msetlag a# the tbiwamil rnmpaay daty caaveaed aad MM at 30 Mm Sakaa *21-04 Jalaa Safeaa Centre, Siacapore 0719 mtjatd Mjr rf May 19W Oe (1) RESOLVED tat dM oampaay
      342 words
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      Page 16 Advertisements Column 5
      306 16 THE COMPANIES ACT, CAP. 3* SUMMUCTTI AESTHCTIC CENTEE PTELTD 'TStSLStT*' At Extraordinary Gcacral Meeting of ll»c abovcaamed Compaay daty coaveaed aad held at 7300ABaacb Road *16-317 The Plata. Siajgnir *****1 on 17 May J996 (be followiaj Special 1 RESOLVED thai da Compaay be woaad ap volaatarily parsaaat to Sectioa 290(
      306 words
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      Page 16 Advertisements Column 6
      232 16 thigror* Closing Hun Pileee 24/08/1996 CLOSE PRCV LOW HMM «h» ss ss a ss FfiHOT 25**?? #trat glC 3.06 104 3.10 I wwr J Mry Farm 0.886 0.88 0J66 OJB6 MM Hongkong Land 2.28 2JtB 2.31 ■PhSB Mandarin OvtonCal 1.37 1.43 1.36 1.4© EJiWmm JartWno ttmtaglc W9B 0.36 0.366 0.36
      232 words
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  • ISEAS Trends
    • Article, Illustration
      A foundation for Asia-Europe ties
      1264 17  -  Teo Lay Bwee suggests an action agenda for the new Asia-Europe Foundation in promoting relations between the two regions Yao Lay HWee Ms Yeo Lay Hwee is a Research Associate at the Institute qf Policy Studies, EUROPE and Asia's "rediscovery" of each other is driven
      1,264 words
    • Article
      The demise of the informal sector
      885 17  -  lha importance of the internal sector in South-east Arian countries idMßy not be By Hans-Dieter Evers Professor Hans-Dieter Even is a Visiting Professor of Sociology, Universiti Kebangsaan Malaysia. HAWKERS along the sidewalks of busy avenues, shoeshine boys, garbage collectors and door-to-door saleswomen of traditional
      885 words
    • Article
      Articulating the intangible
      1114 18  -  FOCUS OM SXMOAPORE The spirit of idealism that sustained Singapore in its early years as an independent state should be rekindled amidst its people's more vigorous pursuit of material things, says Kwok woon Kwok Kian Woon DrKwokKian Woon is with the Department of Sociology, National University of
      1,114 words
    • Article, Illustration
      When comment is not contempt
      1080 18  -  While tte law of contempt Is mire restrictive than Sbppre'slawson defamation, some space for frflimwnt does oust By Simon S C Tay Simon S C Toy teaches public law and international law in Singapore, with an emphasis on human rights and the environment. He is
      1,080 words
    • Article, Illustration
      Lock icon Return of the Prince
      1112 19  -  T w Harper ruminates on the implications for Malaysia's political scene of the return of Tengku Razaleigh Hamzah to the Umno fold T N Harper Dr TN Harper is a Research Fellow at the Institute of Southeast Asian Studio. his is real. acting", a leading player
      REUTER  -  1,112 words
    • Article, Illustration
      Labour unrest might hit investment in Vietnam
      1029 19  -  >—»<rf strikes in the CMntry is causing the government concern By Heang Ngeo Ngayen Hoang Ngoc Nguyen is an analyst based in Ho Chi Minh City. VIETNAM'S socialist regime is founded on the working class in which the workers are supposed to be
      1,029 words
    • Article, Illustration
      Lock icon Myanmar works towards shaping its constitution
      1459 19  -  TV cmxitry acts to fine-tune the cfflicCTtnitywi of powei* Tin Maung Manng Than Tin Maung Maung ThanfSt Fellow at the Institute ofSouttmM Asian Studtß IN April 1992, Myanmar's ruling State Law and Order Restoration Council (SLORC) announced that it would convene a meeting for
      REUTER  -  1,459 words
    • Article, Illustration
      Hard choices for Russian voters
      1042 20  -  Will the presidential election change anything significantly? CtonnadyChnfMn reports Gennady Chufrin Professor Gennady Chufrin is Deputy Director of the Institute of Oriental Studies, at the Academy of Science, Moscow. ON June 16, Russian voters will go to the polls to choose a new President. So
      1,042 words
    • Article, Illustration
      Lock icon Recent writings on role of S-E Asia's Chinese
      1435 20  -  Wflstflni writers should iMithiicGUßflM tomniic Activities from a South-east Asian, rather fSiinA-cfflitrte, perspective Theresa C Carino Theresa C Carina is an Exeautoe Director at the Philippine-China Development Resource Center. Philippines. THE economic boom in China and the rise of Asia as the
      AFP  -  1,435 words
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      199 17 ISEHSISEASISEIISISEIISISEHS SOUTHEAST ASIAN AFFAIRS 1996 j An annual review of the region j V v ""v Includes a regional focus as well as ten country brum* K sections. R In-depth analyses of major developments In 1995. A useful tool for academics, businessmen, diplomats and those Interested In the dynamics of
      199 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Feasts for the eyes
      1514 21  -  Theme restaurants and bars are fast becoming a favourite with Thailand's newly-affluent middle classes who want to be gntorfaiinpH even as they eat MUHWom visits some places in Bangkok that are busy dishing up a buffet of escapism to their chic and trendy clientele ALAN BOYD
      1,514 words
    • STRAWS In The Wind
      • Article
        Letter from Hongkong
        39 21 THE strange things that the newspapers get in the mail. Take this letter from Hongkong, which was actually addressed to: "Mrs Economics Desk, Berita Harian, 39 Kim Seng Road, Singapore". The letter began: "Dear Mrs Desk..."
        39 words
      • Article
        A byte ahead
        57 21 YES, like it or not, the technology age is really upon us. A job applicant who was waiting with several others for his sec- ond job interview happened to check his incoming messages on his laptop computer. Turning to his neighbour, he said: "Guess what, I've just
        57 words
      • Article
        Covering all bases
        65 21 WHAT makes for a perfect employee? Check out this classified advertisement for the post of financial controller: "The main responsibilities encompass establishing internal control... liaising with local authority... sourcing for project financing and planning ahead to smother the existing projects and assisting the management..." It doesn't look
        65 words
      • Article
        Love that dog
        31 21 HERE'S another strange advertisement which we found in the classifieds: "Four years old female German Shepherd given free to good homes. Good lovers only." We shall not speculate.
        31 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Putting power in perspective
        2013 22  -  Fonnorethan 15 years, James Baker was a Washington insider par excellence. Today, though his enormous power is no more, his diplomatic X and economic legacies endure, ahvim sullxvax gets his views on East-West confrontation, the Gulf War, and US pohcy towards Yugoslavia Conversation KEVIN SULLIVAN J
        CHRIS LOH  -  2,013 words
      • Article
        Idealism with a dash of realism
        818 22 JAMES BAKER'S economic legacy is a global currency regime where the dollar has been significantly devalued without being marginalised. The Plaza Accord of September 1965, and the Louvre Accord of early 1967 saw the yen's value skyrocket. This was supposed to boost US exports
        818 words
    • RETAIL
      • Article, Illustration
        Metropolitan-style merchandising
        1069 23  -  Business at The Met shop in Raffles City has been so brisk over the past six months that a second, much larger store is scheduled to open its doors in Orchard Road next week. Why is this museum shop performing so well in Singapore's depressed retail scene? cwtwww
        1,069 words
    • Article, Illustration
      Love behind the lens
      707 24  -  CINEMA Chee iei Pemwl may not be a good movie about TT jMnraaUrta, bat M a lm stacy it has its moments By Holly Harrison IT WOULD be easy to dismiss Up Close And Personal as being little more than a session of "Ken and Barbie
      707 words
    • Article, Illustration
      A sitcom worth sampling
      570 24  -  TELEVISION Happy Belly has a ltt going fait aa energetic cast, high prodnctim standards and a first rate set design. Pity aboat the script, though By. Kevin Sullivan 1 LAKE Happy Belly. It boasts a good cast and an excellent premise—the restaurant setting has infinite potential.
      570 words
    • Article, Illustration
      Lock icon Tickling your funny bone at Europa
      430 25  -  NIGHTSPOT Versatile band XXPO entertains with the latest hits and a whole array of Z-rated jokes Ry< A Surendren ENTERING the Europa Music Bar is just like walking into someone's living room. There are cosy armchairs, low tables, lamps by the side and plush
      PHOTOS BY ARTHUR LEE  -  430 words
    • Article, Illustration
      WHAT'S ON
      443 25  -  Compiled by Holly Harrison (NUHHITi Singapore Symphony Orchestra The SSO closes its current season with pianist Jean-Yves Thibaudet as soloist for Grieg's Concerto in A Minor. Also on the programme is Richard Strauss' Eine Heldenleben (A Hero's Life), a tone poem in which Strauss gets back at his
      443 words
    • EPICURE
      • Article, Illustration
        Lock icon Fresh from the seas
        684 26  -  > Hie food at Yamabuta Seafood Restaurant is very good indeed if s the lacklustre ambience that doesn't do it justice, xun n reports JAIME EE 1 NEVER learn. It's the basic rule of thumb when sating out If you go to a restaurant where the
        CHRIS LOH  -  684 words
      • Article, Illustration
        Teppanyaki treats at the Omni Saigon
        496 26  -  RESTAURANT Chtck «at Mritinra Basturmat m jmr ant trip U H« Chi Minh City By] Harish Mehta THE SLIGHTEST hint of the aroma of miao soup ia enough to bring tears to the eyes of Japanese businessmen, especially if they are stationed in Vietnam,
        496 words
      • Article
        French food with an Asian touch
        379 26  -  RESTAURANT flrf Mirfcnl f trfcoij aqjqjsettkfavwftk ingredients from armmdtfcewtrid By* Jaime Ee TWO MICHEUN star chef Michel Rochedy hails from the French Alps and has never set foot in Asia until this week. But that hasn't stopped him from infusing his traditional French cuisine
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        Burgundy for beginners
        841 26  -  WINE CONNOISSEUR A priift ftr tfcwt cmfniwd by tfceOraaisCtvs, FMknGNiuiilifi wimrfßfpi By N K Yong FOR THE wine lover, red Burgundy is a minefield. The wine does not express itself with the fbrcefUlnees or directness of a Cabernet Sauvlgnon-based wine. It is much more delicate and subtle,
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      CINEMA
      950 27 Aagea. A shy guy dreams about his gorgeous classmate. Lido: 5; 11.30pm. Jurong: 11.45pm. Century: 11.45pm. A cast of unknown kids stars in this kiddy flick. Lido: 11.15; 1.45; 4.15; 7. Junmg: 11; 1; 515; 7.15 Century: 11; 12.45; 5; 7. ChangL 11; 1.30; 7; 9.15 ■•■ill One Indian
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    • TRAVEL
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        766 28  -  DINING IN HONGKONG Dant miss tke Fetor far a taste af Wm+mf*—t turnt jHi dining fflqwrtoiK* By, Jay Khoala WHEN in Kowlooft next, dine with the editor of French Vogu* at the Felix. Better yet, press your back firmly into his face.
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      76 23 u Homes under $700,000 Yes, they're still out there The Indonesian play is stirring the market again What's in it for you? Also in this issue Financing your second home? Here's how Spotlights on SPH and Marco Polo House Hunt: Latest prices on property sales Available at Newsstands NTUC Supermarkets
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      403 24 ■IjMfl 50 Market Street- #01-05 Golden Shoe Carpark. Sinpporc *****0. Iraade Summer Gale Restaurant ril mim+im wtmii irtiH at nt TTTf The w BmnessTmes A bold new look and a fresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus
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      495 25 I WHERE TO WINE, DINE AND ENTERTAIN...: wcwuys lwg£3t 36lunq beer JE Magical /ufidr coffee house WEEKEND I: Jt>i cebbration! Delight the kids with a treat this weekend "Hocus Pocus" and spell bind them with I MAGIC SHOW~| 1 HIGH TEA Every Sunday Adult: $12.00*** 1.00 pm 1.30 pm Child:
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      Page 25 Advertisements Column 2
      110 25 You'll be tonpkd by our tantalising selection of I tiid Western sweets tnd ssvourics. AX your tftr-k tte favourites await your pleasure in our High Tea at The Mtuawim.. just give in. For reservations please call til 6196/9/9 High Tea: 2 30pm-spni J 1 it Tip) i i TTTT** Tit
      110 words
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      1747 27 TODAY'S TV AM AM TV Innovations: JjJ s°*°'.. Naadndl In sickness K on,ry Home performance) and lLao The King's Farewell to MN TV Innovations. ana in Health Lorraine Bracco. his Concubine (Peking xm AMa Opera). Hf iw!mmVmi«« v. jx, VaaijMa i«jMu M 1W PM The Drunken Imperi* u DjHfT«aft7Jo|B, MfY««|MlHl|
      1,747 words
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