The Business Times, 15 June 1996

Microfilm: NL20609
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 04^12/95 Hoc SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JUNE 15-16, 1996
    15 words
  • Article
    MARKET SUMMARY
    57 1 stii 2270J3 (-6.02) BTOOMP *****8 (-3.90) BT-MGA 1115.71 (-3.57) WDCIMJJUgr IKDICES Friday Change KLSECOMP 1,126.48 *3M NIKKEI 22,2*M8--»206J» RANG8EN0 IMMiN I 03 8CT INDEX IJ2M.N +8J9 JAKARTA OOMP —MUS -10.83 MANILA COUP —1IMJB -4115 TAIPEI WPI MI4.74 4734 SWMJLOOMP 90M 1116 CWA CHINA B 864.62 +7S.I8 AUSTALLORD 2,2112
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  • Article
    FINANCE
    74 1 EXCHANGE BATES list ss 1188 1.408 1AI7 2.166 DM MM 0 924 YEN IN 1.924 1301 m MM Oitt HKS 0.129 0.182 BAHT 0039 0.066 MJPIAH 100 0.049 0.061 FUME KATES SINGAPORE* 6.44 KlIALA LUMPIJR 8.15 JAKARTA 18.00 BANGKOK 14.75 MANILA 14.5# HONGKONG A75 TAIPEI .800 SYDNEY 10.75 TOKYO
    74 words
  • Article, Illustration
    Lock icon US$1.8b loss at Sumitomo rocks world copper market
    854 1  -  Market goes into tailspin with prices hittinga 27-month low From, Anthony Rowley, Neil Behrmann in London WORLD copper markets were plunged into turmoil yesterday by news that the chief copper trader at Japan's giant trading house Sumitomo Corp had lost an estimated
    Source: Bloomberg; AFP  -  854 words
  • Article, Illustration
    Don't hail me – I'm Big Ben the private car
    342 1  - Don't hail me I'm Big Ben the private car Tibs unit to market petrol version of London cab as a car Ry Christopher Tan [SINGAPORE] First came the move to use a luxury car as a taxi. Now, plans are afoot to market a luxury taxi as a car. Tibs
    342 words
  • Article
    S'pore traders fear buyers may back out of deals
    408 1  -  Dealers doubt Sumitomo's promise not to liquidate By Ven Sreenivasan [SINGAPORE] The biggest fear of copper traders here is that buyers of the metal may renege on purchase contracts in anticipation of lower global copper prices. "Singapore traders have been losing
    408 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      151 1 nwnPE Chinatown hospitality Refurbished Chinatown shophouses are being turned into budget hotels which combine quality with an authentic Singapore flavour, ELI ■HWgTMPB Property iocNM torts FAN tatorta profit 31%, pg 7. Last December, F&N announced a sharp 38% jump in full-year net earnings to $184.8 m. That, too, was in
      151 words
    • Advertisement
      Page 1 Advertisements Column 2
      33 1 $K, cl'* v# .•>, EXTRA SPECIAL K tXU 1 IN EVERY SENSE v |\k \J 1 Ji aSB* Vt.'v i<jß4:-'-' v# *T ~r-"*V j* -«g *%_mfM '-pftmT'' SDP 460 a_eundp* ROAD SiN:.tfi.oE II 9963
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    • Advertisement
      Page 1 Advertisements Column 3
      18 1 More reports, Pgs LME ignored all warning signals; Mr Copper comes a cropper; Impact on A ussie dollar
      18 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Living costs rose most in last 5 years: SDP report
      214 2 CONTRARY to the government's stand that higher living costs were just perceptions based on rising aspirations, the Singapore Democratic Party yesterday released a report showing that price increases in the basic necessities have been "starkest" in the last five years
      214 words
    • Article
      3% of households own a second property: survey
      470 2  -  1992/1993 HOUSEHOLD EXPENDITURE SURVEY 15% of those who live in private flats also owned a house or another flat Reports by Anna Teo ONLY 3 per cent of all households owned a second property, with 2.3 per cent owning a second residential
      470 words
    • Article
      Monthly spending doubles from 1988 to 1993
      285 2 THE monthly spending of the average household almost doubled from $1,548 in 1988 to $3,034 in 1993. The top 20 per cent of households (in monthly spending) had the biggest jump during the period of 111 per cent, from $3,434 in 1988 to
      285 words
    • Article
      Electronics pushes demand for JTC land up 2.6% in Q1
      302 2  -  By\ Michelle Low GROWTH in the electronics industry fed demand for industrial land in the first quarter, when demand for Jurong Town Corporation (JTC) land rose 2.6 per cent to 3,670 ha over last year. Supply of prepared land stood
      302 words
    • Article
      Lock icon PSA in bid to run Kenya port
      80 2 Reuter (MOMBASA, KenyaJ The Port of Singapore Authority (PSA) and Hongkong-based Portia Port Management Company are the leading bidders to manage the container terminal at Mombasa, Kenyan officials said yesterday. An announcement on the winner of the tender was due on Wednesday but
      Reuter  -  80 words
    • Article
      3 more firms bring investment in Bintan Industrial Estate to $31m
      329 2  -  Reports try* Agnes Wee THREE more companies have committed to set up production facilities in the Bintan Industrial Estate (BIE) two electronics supporting industry companies (one local and one Japanese) and a Hongkong garment maker. Together with an electronics
      329 words
    • Article
      $1.1m joint tourism promotion in seven countries
      314 2 INDONESIA and Singapore have identified seven target markets on which they will spend US$BOO,OOO (551.12 million) in the next two to three years to launch a joint marketing and promotion programme. The programme will be implemented by the directorategeneral of Tourism Indonesia and
      314 words
    • Article, Illustration
      Lock icon Hard Rock recalls its founding days
      47 2 Staff dressed as hippies serving food at the pop music-inspired Hard Rock Cafe's Singapore outlet yesterday. The chain celebrates its 25th anniversary by offering signature dishes at 1971 prices to recall its founding days at Hyde Park corner in London. AFP
      AFP  -  47 words
    • Article
      Appetite returns for bank loans
      334 2  -  April figures creep up to 17.4% but growth for year seen falling By\ Shiv Taneja BANK loans growth, which has been on a downtrend for the past several months, saw a small uptick at the end of April, according to the latest data from the
      334 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      224 2 I J I Bis Berjaya Georgetown Hotel, a whole world of n excitement awaits you J from only RMl3B++ Q 0 Centrally located, the new 330-room Beijaya Georgetown Hotel offers you a fascinating array of Penang's best for just a small price. RM 138.00++ for Superior Rooms and 40% off
      224 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        520 3 Those polled for their views on the Singapore stock market's outlook in the week ahead are: Alliance, Fraser, GK Goh, ING Barings, Merrill, Deutsche Morgan, OCBC Investment Research and Peregrine. Singapore Telecom (ST) ♦ST's profit growth of 12.2 per cent was in line with our expectations. Foreign
        520 words
      • Article, Illustration
        In my Opinion
        528 3  -  Alan Lim cttef executive Prudential Portfolio Managers HE recent measures I to cool the residential X property market have come after a lengthy period of strong price appreciation. Property prices have more than doubled in the last five years. If left unchecked, the continued appreciation would have
        528 words
    • Article, Illustration
      Lock icon The growing bond market
      494 3  -  Investors are waking up to the attractions of short-term corporate paper By Shiv Taneja [SINGAPORE] Everyone may be talking about equities, but the smart money in Singapore has been quietly putting its cash into fixed income securities this past year. Two of Singapore's biggest bond funds
      ALLAN  -  494 words
    • Article, Illustration
      Lock icon Honesty's still the best car recall policy
      646 3  -  Marque's reputation may suffer bat no faulty cars will slip through the net By{ Christopher Tan [SINGAPORE] Recalls you're damned if you do and you're damned if you don't. During the past few months this year, there has been an unprecedented number of
      ALLAN  -  646 words
    • Article, Illustration
      Lock icon Cyclical swings in the KL bourse
      730 3  -  BYE OK THE REGION: MALAYSIA Current downturn not too severe because of large liquidity in Malaysia By) Martin French The writer is the managing director of Credit Lyonnais Securities Malaysia I OFTEN joke that the only thing a smart investor needs to remember about
      Source: Dataquest  -  730 words
    • Article
      Ming Wah IPO gets thumbs down from several analysts
      662 3  -  Unexciting industry, profit forecasts seen among drawbacks By. Annette Pau THE success of Ming Wah Universal's initial public offer launched earlier this week here is likely to be hampered by the shipping industry's lacklustre performance and unexciting earnings forecast by analysts.
      662 words
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  • REGION
    • Article
      Market opinion divided on direction of rupiah
      399 4  -  JAKARTA Some say yesterday's weakening of the currency against the greenback just technical correction By\ S N Vasuki THE Indonesian rupiah weakened against the US dollar yesterday, one day after Bank Indonesia (BI) substantially widened the USI-rupiah intervention band. However, views diverged sharply
      399 words
    • Article
      Lock icon Protest against govt's meddling in PDI
      288 4 JAKARTA AFP AN ALLIANCE of 30 groups pretested in parliament yesteraay against what they see as government meddling in the affairs of the Indonesian Democratic Party (PDI). "The government is supporting this new faction to split the PDI and repress the pro-democracy movement in
      AFP  -  288 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1677 4 CITY FLIGHT ETA FLIGHT ETD TG407 2105 MI894 1040 AMaM* SO 2 30 1830 0F82 2055 Hiroshima S0977 1655 S0978 0130 <*** 1930 Ho Chi Mini) VN741 1310 VH740 1410 Amman RJW7 0130 EK72 1730 S0174 1415 kmtimim KL843 0455 KL838 2300 S0173 1900 EK73 2340
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    • Article
      Lock icon Four main firms to lead Bakun dam group
      402 4 KUALA LUMPUR Reuter FOUR main companies will lead the group to build Ekran Bhd's Bakun dam, and work could begin in three to four months after an agreement is signed, sources close to the project said yesterday. On Thursday, the Malaysian government
      Reuter  -  402 words
    • Article, Illustration
      Lock icon Police raid Garuda branch, airport office
      196 4 TOKYO AFP POLICE raided the Fukuoka branch of Garuda Indonesia Airways yesterday in connection with the crash of the airline's DC-10 jet at Fukuoka airport the day before. The raid was carried out on suspicion that the crash resulted from "professional negligence" on the
      AFP  -  196 words
    • Article
      China seen as threat in defence paper
      276 4  -  TOKYO Document urges Tokyo to monitor Beijing's military moves report By Anthony Rowley THE Japanese Defence Agency has identified China as a potential military threat for the first time in its latest defence white paper, according to a report in the Mainichi Daily
      276 words
    • Article, Illustration
      Lock icon Drought relief is here – at last
      50 4 Drought relief is here at last [LONGRE ACH, Australia] Members of the Nth Mudgueeraba Lighthorse Historical troop ride over railway tracks in the outback town of Longreach last week. The federal government has announced it will provide rural Australia with a As9l million (SSIOO.B million) boost to drought aid. REUTER
      REUTER  -  50 words
    • Article
      Lock icon Suharto wants US$2b from Indonesians to help develop new jet
      262 4 JAKARTA Reuter PRESIDENT Suharto wants ordinary Indonesians to subscribe US$2 billion (Ss2.B billion) to help develop a new jet aircraft, newspaper reports said yesterday. "US$2 billion sounds like a lot of money. But it is not that much," Mr Suharto
      Reuter  -  262 words
    • NOTE Book
      • Article
        Lock icon China, US still divided over copyrights
        68 4 Reuter [BEIJINGJ Differences between the US and China over copyright protection still remain to be ironed out, just three days before tit-for-tat trade sanctions go into force, the chief US negotiator said yesterday. Assistant US Trade Representative Lee Sands refused to comment on whether
        Reuter  -  68 words
      • Article
        Lock icon Plana for new HK$75b railway unveiled
        72 4 Bloomberg Business News (HONGKONG] The Kowloon-China Railway Corp outlined plans for a new HK$75-bHlion (5513.7 billion) railway in the western part of the New Territories, which would Include HKSIOO billion worth of property development, the Eastern Express reported. In a proposal, the Hongkong-government owned
        Bloomberg Business News  -  72 words
      • Article
        Lock icon Taiwan MP bites thumb of another
        62 4 AFP [TAIPEI] Taiwan's parliament plunged into fresh chaos yesterday after New Party legislator Fu Kun-cheng bit the thumb of Kuomintang MP Shen Chlh-hul during a scuffle over a registration paper. The incident brought the morning session to a halt Ms Shen suffered a bleeding
        AFP  -  62 words
      • Article
        Lock icon July 1, 1997 to be public holiday
        59 4 AFP (HONGKONG] The Chinese government has decided to declare July 1,1997 —the day Hongkong reverts to China a nationwide public holiday, the pro-China Hongkong Commercial Dally reported yesterday. The decision enables governments in each province to celebrate the day the British colony reverts
        AFP  -  59 words
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  • FOCUS: SUMITOMO DEBACLE
    • Article
      LME ignored all the warning signals
      669 5  -  Sumitomo dealer's activities were an open secret on the exchange By\ Neil Behrmann [LONDON] THE London Metal Exchange's reputation has been sorely damaged by the Sumitomo crisis which is the worst since the collapse of the tin cartel in 1985. Then, exchange members lost
      669 words
    • Article, Illustration
      Lock icon Mr Copper comes a cropper
      577 5 His influence was so large that price gyrations were blamed on his actions Bloomberg Business News [NEW YORK] HIS brash trading style and market influence earned him the moniker "Mr Copper". Now his former employers at Sumitomo Corp are saying he's responsible for losing an
      Bloomberg Business News; REUTER FILEPHOTO  -  577 words
    • Article, Illustration
      Lock icon A$ down almost ½ US cent
      437 5 A$ down almost US cent Commodity-sensitive currency drops on fears over plunging copper prices Reuter, Bloomberg Business News [SYDNEY] The Australian dollar fell almost a half-cent, to its lowest level in one week, as copper prices plunged amid concern that Japanese trading house Sumitomo Corp would liquidate its copper holdings
      Reuter,; Bloomberg Business News; Source: Bloomberg  -  437 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      1209 5 iNOONEStA MALAYSIA TAIWAN \G*doa%ciftc\ LIMITED Incorporated in Singapore BRAND'S EXCELLENT PERFORMANCE CONTINUES PROFIT BEFORE EXTRAORDINARY ITEMS 15% AHEAD OF LAST YEAR Results For The Half-Year Ended 31st March 19% The Directors are pleased to announce the unaudited results of the Group and the Company for the half-year ended 31st March
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  • REGION/WORLD
    • Article
      Lock icon Japan may counter US with WTO complaint
      180 6 TOKYO AFP JAPAN may file a complaint against the US with the World Trade Organisation (WTO) over photography products as a counter-measure against a similar move by Washington, news reports said yesterday. "There is an exclusive practice" in the US photographic product market,
      AFP  -  180 words
    • Article
      Lock icon US industrial output and capacity use up in May
      339 6 WASHINGTON Rise due mainly to increase in power generation because of unusual weather Reuter OUTPUT by US factories, mines and utilities increased strongly in May, partly because of a surge in electricity generation caused by unusual weather, the Federal Reserve said
      Reuter  -  339 words
    • Article, Illustration
      Move on maritime talks reflects US trade fatigue
      664 6  -  LETTER FROM WASHDfOnOM Tensions over multilateralism may surface at December WTO meeting By Leon Hadar THE Clinton administration recently signalled that it was considering a withdrawal from the talks to liberalise maritime services, raising concerns about continued US commitment to the World
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    • WORLD Watch
      • Article
        Lock icon Russian PM promises welfare reforms
        63 6 AFP [MOSCOW] The Russian government plans to launch sweeping reforms of social welfare provision and the tax system soon, Prime Minister Viktor Chernomyrdin said yesterday, two days before presidential elections. Interfax said Mr Chernomyrdin said the government "will soon launch a large scale reform of
        AFP  -  63 words
      • Article
        Lock icon Awami League wins Bangladesh polls
        63 6 NYT [DHAKA] Nearly 21 years after it lost its leader and its grip on power in an army massacre, the Awami League, returned on Thursday as the winner of a general election. The new prime minister is almost certain to be Sheik Hasina Wazed, 48,
        NYT  -  63 words
      • Article
        Lock icon Bonn braces for big anti-reform rally
        79 6 Reuter [BONN] The German government yesterday vowed to stay the course of reform on the eve of a giant demonstration against Bonn's plans to cut spending and social benefits. Police say the rally, sponsored by labour unions, could draw more than 400,000 people, making
        Reuter  -  79 words
      • Article
        Lock icon German states block Telekom listing
        70 6 AFP (BONN] Germany's regional states yesterday blocked a parliamentary bill to liberalise the country's telecommunications market, raising doubts about a planned listing in November of Deutsche Telekom. The Bundesrat, the upper house of Parliament which represents the states, sent the bill, adopted just the previous
        AFP  -  70 words
      • Article
        Lock icon Netanyahu's far right cabinet
        52 6 AFP [JERUSALEM] Prime minister-elect Benjamin Netanyahu yesterday put the finishing touches to one of the most rightwing cabinets in Israel's history. He will present his cabinet on Monday. Two veteran hardliners, former defence minister Ariel Sharon and ex-army chief Rafael Eytan, are assured of prominent cabinet
        AFP  -  52 words
    • Article, Illustration
      Lock icon Stepping up security before G7 summit?
      42 6 [LYON] Two members of the Republican Security Company patrolling on Thursday outside the Lyon Museum of Contemporary Art, where the summit of the seven most industrialised countries (G7) is to take place from June 27-29. AFP
      AFP  -  42 words
    • Article
      Lock icon Further debate before Fed chief's confirmation
      169 6 WASHINGTON NYT SENATE leaders broke the impasse holding up the confirmation of the Federal Reserve chairman, Alan Greenspan, to a third term on Thursday, with Republicans agreeing to Democratic requests for an extended debate on monetary policy over several days before the confirmation vote
      NYT  -  169 words
    • Article
      Lock icon Future strength of recovery uncertain
      396 6 TOKYO Concern about semiconductor demand levelling off Reuter, Bloomberg Business News THE tempo of Japan's economic recovery remains very much a slow shuffle and its future strength is unclear, the government said yesterday. While some barometers of economic health have improved. a levelling off of
      Reuter,; Bloomberg Business News  -  396 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      520 6 CRYPTIC CROSSWORD t 4 1 111 stand in front of the ship and a wave H HH ||H 4To reverse excessively in a dance ——VV—JML_j 9 He is sent out after some hesita- 10 Supporter leaped exultantly about 13 Female, twice a mother (5) J7~" 14 Classic flower clings to
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    • Miscellaneous
      Page 6 Miscellaneous Column 2
      26 6 DOOMESBPRY FLASHBACKS By Gary Trudeau I sz-g I I W HUNG OUT.'MAN, ITHASfnt COONIAU HOUSt! ANP ANP... KmfH, WCHANeeeONeWTf mmA HOTBLOF THBCON- Iw,HmAi TIHIMTAL. KP9&6NS! WON
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  • COMPANIES & MARKETS
    • Article
      Property income boosts F&N interim profit by 32%
      522 7  -  But analysts not impressed as performance of other segments seen as a bit disappointing By R Sivanithy [SINGAPORE] Boosted by a 53.8 per cent jump in income from its development properties, beverage group Fraser Neave (F&N) yesterday reported a 31.7 per cent
      522 words
    • Article
      CPL interim net profit surges 70%
      272 7  -  By\ Michelle Low [SINGAPORE] Centrepoint Properties Ltd (CPL) yesterday said interim net earnings rose almost 70 per cent to $62.5 million, and expects to maintain the same profit levels in the second half. Turnover also shot up 70 per cent, to $165.3 million. The
      272 words
    • Article
      Flat half-time earnings at APB
      145 7 [SINGAPORE] Asia Pacific Breweries (APB) yesterday announced a flat set of halftime earnings a 1.4 per cent rise in turnover to $694.6 million compared with the six months ended March 31, 1995, and a 0.9 per cent growth in net profit after tax to $43.2
      145 words
    • Article
      F&N Holdings Bhd earns M$10m in first half
      237 7  -  From Ruth Wong in Kuala Lumpur FRASER NEAVE Holdings Bhd (F&N Bhd), a 56 per centowned unit of Singapore's Fraser and Neave Ltd, raked in a net profit of M 510.03 million (555.6 million) for the first half ended March 31,1996. F&N
      237 words
    • Article
      Not too early for foreign brokers to start eyeing Cambodia
      595 7  -  HOCK LOCK SIEW Harish Mehta POREIGN brokerages are doing what some would consider as hasty. They are knocking on Cambodia's door. But why not? If small and under-de-veloped countries like Nepal and Mongolia can have a bourse, albeit with very
      595 words
    • Article, Illustration
      Soaring wheat prices could hit firms
      463 7  -  20-30% price rise may affect earnings of listed companies dependent on flour tty> Ang Wan May SOARING wheat prices are set to hit several listed companies. with bread-maker QAF likely to be the worst affected. A 20-30 per cent rise in industrial flour prices
      463 words
    • Article, Illustration
      Lock icon Jardine Matheson buying chases up JSH shares
      574 7  -  The company says it's a long-term investment as the price is attractive Byi Catherine Ong [SINGAPORE] Jardine Matheson Ltd went on a buying spree of Jardine Strategic Holdings (JSH) shares yesterday, driving the stock to a high of US$3.lB, up 11.97 per cent,
      Source: Bloomberg; ALLAN  -  574 words
    • Article
      Lock icon 5.2m Amcol shares in married deal
      163 7 Reuter [SINGAPORE] Almost 5.2 million shares in diversified trading and property group Amcol Holdings Ltd were sold in a married deal yesterday at between $3.78 and $3.90 per share, dealers said. By 0130 GMT, Amcol led the list of active stocks with 6.4 million
      Reuter  -  163 words
    • Article
      Cerebos' interim net profit up 15%
      268 7  -  By. Agnes Wee [SINGAPORE] Listed food group Cerebos Pacific yesterday recorded a 15 per cent rise in interim net profit to $47.2 million. The company said that sales before the impact of currency translation rose 8 per cent and operating profit rose 15 per
      268 words
    • Article
      SingTel may seek partner for Stjarn TV
      278 7  -  By i Genevieve Cua SINGAPORE Telecom may seek a partner for its wholly owned cable television operation in Sweden. Stjarn TV. A report by news agency AFX-Asia yesterday quoted Stjarn TV head Kjell Hellberg as saying: "It is correct that our owners are
      278 words
    • REGIONAL COMPANIES
      • Article
        Roly shares to be traded on OTC market in US
        310 8  -  The company will be allowed to convert up to 16.25 million shares into ADRs By] Diana Oon [SINGAPORE] Shares in home decor marketer Roly International will be traded on the over-the-counter (OTC) market in the United States from the middle
        310 words
      • Article
        Zagro Asia IPO: Small investors to get 47% of shares
        441 8  -  By. Annette Pau {SINGAPORE] Forty-seven per cent of Zagro Asia's shares will go to small investors who applied for one to nine lots under the company's initial public offer. Investors who applied for 10 to 49 lots will receive 31
        441 words
      • Article
        Lock icon Petronas to buy 30% of South African oil firm
        279 8 Bloomberg Business News [CAPE TOWN] Engen Ltd said Petroliam Nasional Berhad, also known as Petronas. Malaysia's national oil company, has agreed to buy 30 per cent of the South African oil company for 1.88 billion rand (Ss6lo million). Cape Town-based Engen
        Bloomberg Business News  -  279 words
      • Article
        PSN to raise US$67m in Nasdaq IPO
        348 8  -  Funds are for USSIb Asian satellite-based telecom venture From S N Vasuki in Jakarta PT PASIFIK Satelit Nusantara (PSN), Indonesia's first private satellite and telecommunications operator, hopes to raise US$67 million (5593.8 million) through an initial public offering that will be listed on
        348 words
      • COMPANY Briefs
        • Article
          SES to introduce 3 new indices
          61 8 (SINGAPORE] The Stock Exchange of Singapore (SES) will add three new indices on July 1 to better position itself as a regional bourse, the Television Corporation of Singapore (TCS) reported yesterday. The new benchmarks will be the Electronics Index, the Foreign Index and the
          61 words
        • Article
          L&M ups stake in Philippine associate
          32 8 [SINGAPORE] L&M Group Investments has increased its shareholding in Philippines-incorporated associate L&M Maxco Company by buying an additional 4,000 shares of 1,000 pesos each at par.
          32 words
        • Article
          Sembawang unit in Pac Media tie-up
          62 8 [SINGAPORE] Sembawang Corporation's subsidiary, Sembawang Ventures, has formed a joint venture with UK-listed Pacific Media. Sembawang Ventures and Pacific Media will each subscribe for 50.1 per cent and 49.9 per cent of the shares in a Singapore-registered company to be named Sembawang PacMann. The
          62 words
        • Article
          Acma bonds, warrants issue gets nod
          65 8 [SINGAPORE] Acma has received in-principle approval from the Stock Exchange of Singapore for the listing and quotation of its bonds, warrants and new shares. The company had announced the issue of $100 million of 2.45 per cent unsecured bonds due 2001 with 41.4 million
          65 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        812 8 Vessel V*Y No Berth Arr hra< Departure Anodadnaree *571 ree 1 alongside 17 06/2100 ASI 166 0T454 J04 alongside 15.06/0700 Cownt Hope 147 J07 alongside 16 06/2000 Dm Guna ****** J12 alongside 15 06/2300 Elrutwtti 7 J17 alongside 20.06/0700 Eternatspm I J15 alongside 20.06/1300 6 Express 605/96 J12
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      • Article
        CONTAINER SCHEDULES
        1734 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booking/Balance Rstls Ship Voy No Etb/Btr Ptrlod From To From id D«» MM ir/oroo M M/1500 M/1451 M/1400 a vvt7oo is/o*5i ivowo i ivo'oo s/im lywo 4 15/1200 is/mm h/itoo kutmm 22M N/W MM WW WW 3 is/otoo 15/1154 is/moo
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    • REGIONAL/INTERNATIONAL COMPANIES
      • COMPANY Briefs
        • Article
          Lock icon West Japan Railway prepares for lifting
          61 9 AFP [TOKYO] Japanese Transport Minister Yoshiyuki Kamei said yesterday that West Japan Railway Co Ltd would start formal procedures next week to list its shares on stock exchanges. The applications will be filed on June 21 for the exchanges in Tokyo and Osaka, followed
          AFP  -  61 words
        • Article
          Lock icon Kwong On Bank sets IPO price at HK$10
          84 9 Reuter [HONGKONG] Kwong On Bank Ltd has set the price of its initial public offering at HK$lO per share, market sources said yesterday. Kwong On Bank, owned 55 per cent by Fuji Bank, offered 75 million new shares with 20 per cent
          Reuter  -  84 words
        • Article
          Lock icon HK brokerage may sell part of business
          41 9 Bloomberg Business News [HONGKONG] Sun Hung Kai Co, once Hongkong's biggest Chinese-owned brokerage, said several companies are interested in buying part of its financial services business. But it declined to identify the interested parties.
          Bloomberg Business News  -  41 words
        • Article
          Lock icon Siemens and Core Pacific in alliance
          69 9 Reuter [HONGKONG] Germany's Siemens AG said it had agreed with Taiwan-based Core Pacific Group to cooperate and develop power generation and infrastructure projects in South-east Asia and China. The agreement would benefit both parties as the Core Pacific Group had experience in financial services
          Reuter  -  69 words
        • Article
          Lock icon Dragonair announces new board
          92 9 AFX-Asia [HONGKONG] Wang Guixiang, chairman of China National Aviation Corp (Hongkong), is to head the new board of Hongkong Dragon Airlines, Dragonair said in a statement. The new board will comprise: Shaoxian Yao and Thomas Tsang of CNAC, the largest shareholder in the airline; Kee Tung
          AFX-Asia  -  92 words
      • Article
        Lock icon A&W aiming to expand at record level this year
        242 9 Bloomberg Business News [LIVONIA, Michigan] A&W Restaurants Inc, acting on an expansion plan calling for 200 new restaurants this year, has opened new units in Singapore, South Korea and the US. The closely-held company's goal of 200 restaurants would make this
        Bloomberg Business News  -  242 words
      • Article
        Lock icon Court slams Exxon's tactics in limiting damages over oil spill
        449 9 Secret deal requires firms which received pre-trial settlements to return damages Bloomberg Business News [ANCHORAGE, Alaska] Exxon Corp negotiated secret agreements with a number of fish-processing companies to try to trim its exposure to punitive damages over the Exxon Valdez
        Bloomberg Business News  -  449 words
      • Article, Illustration
        Lock icon Quantum stock plunges on poor earnings outlook
        298 9 Reuter [NEW YORK] The stock of Quantum Corp, maker of computer disk drives, fell sharply on Thursday after the company said it would report lower-than-expected fiscal first quarter earnings. Quantum shares fell more than 16 per cent, down US$3 at U5515.50, at mid-morning
        Reuter; Source: Bloomberg; ALLAN  -  298 words
      • Article, Illustration
        Lock icon Appealing for justice
        52 9 [LONDON] Kevin Maxwell, son of the late Robert Maxwell, leaving the High Court here by a rear exit on Thursday after an appeal hearing to request the same judge he had in a previous trial. Kevin Maxwell faces further charges resulting from the collapse of hisfather's business
        REUTER  -  52 words
      • Article
        Lock icon Passport of MD in Vietnam not seized: Peregrine
        310 9 Bloomberg Business News [HONGKONG] Peregrine In vestment Holdings Ltd denied a press report that the head of its Vietnam operations is forbidden to leave the country during a government investigation of its operations there. The South China Morning Post reported yesterday that
        Bloomberg Business News  -  310 words
      • Article, Illustration
        Lock icon Indian firms racing to raise US$1b in global offerings
        433 9 Investors positive as political uncertainty has cleared: analysts Reuter [BOMBAY] Top Indian companies are racing to launch international equity offerings worth more than US$l billion (Ssl.4 billion) as the nation's political picture clears, investment bankers said yesterday. "Investors are pleased elections
        Reuter; Source: Bloomberg; ALLAN  -  433 words
      • Article
        Lock icon Nepal opening stock market to foreigners
        372 9 Conditional move allows only institutional investors in for now AFP [KATHMANDU] The Nepalese government is cautiously opening up its securities market to foreign investors, starting with institutional investors, the state RSS news agency reported yesterday. A finance ministry statement said foreign investment will only
        AFP  -  372 words
      • Article
        Lock icon Raid on Haagen-Dazs Japan
        84 9 Bloomberg Business News [TOKYOI Japan's Fair Trade Commission raided the office of Haagen-Dazs Japan on suspicion that the ice-cream maker violated anti-cartel laws. Company spokesman Seiji Sato said the FTC visited the company on Thursday last week. The FTC suspects that Haagen-Dazs ordered retailers to maintain
        Bloomberg Business News  -  84 words
      • Article
        Lock icon Kmart raising size of preferred issue for 2nd time
        498 9 Sale raised by 15% to USslb as investors grow optimistic about retailer's recovery Bloomberg Business News [NEW YORK) Kmart Corp boosted its sale of convertible preferred stock 15 per cent to US$l billion (Ssl.4 billion) as more investors bet on a
        Bloomberg Business News  -  498 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Home loan war heats up among Australia's Big Four banks
        526 10 Interest rates fall to 9.75% but are still higher than those of non-bank lenders Bloomberg Business News [SYDNEY] Australia's major banks have begun an aggressive home-loan war, cutting interest rates to as low as 9.75 per cent and bringing pressure
        Bloomberg Business News  -  526 words
      • Article, Illustration
        Lock icon US$ northward bound in the long term
        346 10 US$/mark: US$/mark traded lower this week, touching a low of 1.5264 on Thursday. A potential head and shoulder pattern is seen on the daily chart. The value of the neckline was at 1.5211 yesterday (plus 3 points/day) while the objective is at 1.4900.
        Source: DBS Bank  -  346 words
      • Article
        Lock icon Russian debt market in turmoil as govt bonds feared stolen
        396 10 Investors in frozen HinFin bonds face USsloom losses FT [MOSCOW] Russia's debt markets have been thrown into turmoil by the discovery that many of the government bonds in circulation are stolen and investors in them face potential losses of up
        FT  -  396 words
      • Article
        Daiwa may close S'pore futures unit soon: report
        284 10  -  Bank also plans to shut down branches in Cayman Islands, Paris and New Mexico By Shiv Taneja [SINGAPORE] Daiwa Bank plans to close its futures trading unit in Singapore by September, and offshore units in the Cayman Islands, Paris and New Mexico,
        284 words
      • Article
        BOC plans to expand Singapore operations
        181 10  -  By, Jennifer Lien [SINGAPORE] THE Bank of China (BOC) wants to set up full merchant banking and fund management operations in Singapore, a bank official said yesterday. BOC assistant general manager Tan Suan Poh announced yesterday that Singapore will initially play a supporting role
        181 words
      • Article
        Lock icon Euro$ firms, but gains limited
        230 10 SI MUX Report Reuter [SINGAPORE] Simex Eurodollar futures ended firm but off their highs on short-covering, but dealers said further gains were likely to be limited. "There's no reason to buy into Eurodollars now. The US industrial production data (due at 1315 GMT) could be
        Reuter  -  230 words
      • Article
        Lock icon CURRENCY REPORT
        181 10 Reuter, AFP London THE dollar was lower after news of a huge copper trading loss at Sumitomo Corp provided traders with an excuse to get out of stale long positions. But dollar weakness was partly offset by funds buying the dollar to cover shorts, helping the US currency
        Reuter,; AFP  -  181 words
      • Article
        Lock icon Asia to double Africa crude imports by year-end
        317 10 ENERGY REPORT Reuter [SINGAPORE] Asia's imports of West African crude oil were expected to double by the end of the year to meet the appetites of new refineries and demand for cleaner fuels, traders said yesterday. "Excluding India, Asia could start to
        Reuter  -  317 words
      • Article, Illustration
        Untitled
        1253 10 DfTERBAJfK CURREMCY RATES 4 pm ,Junu Against S$ Against US$ Against Against U$$ Curranclas mn BM Offar BM Off#r CurranclM BM Offtr BM Offar SS/USS to on* unit of foreign currency: StlTiS to IOO units of foreign currency; Australia* dollar 1.1076 1.1091 0.7867 0.7172 FrancH franc 27.2021 27.2267 19.3211 19.3248
        1,253 words
    • Article
      COMMODITY PRICES
      1841 11 SI COM ruTurfS Jun N RUBBER (Mures closing as it 5.30pn) ISS t CONTRACTS cwrtsAq) Close Volume Open Month High Low Sott (tonnos) Interest Jul 96 207.75 1100 Aug 96 204.00 203.50 202.50 600 2050 Sop 96 198.50 2425 Oct/Doc 96 197.00 ***** Jon/Mar 97 196.50 2925 Apr/Juft
      1,841 words
    • Article
      WORLD STOCK MARKETS
      2376 11 LOttDOH Mittrids J»at4 Nnca *h A. A. Cofp Adr 63 -.850 AB Ports 284 1 ADOey National 549 -2 Allied Lyons 471 -6 Amec Ill unch Argyll 351 -9 Asda Group 120 -1 BAT Ind 505 -8 1/2 BICC 327 -10 1/2 BOC Croup 941 unch BR
      2,376 words
    • Article
      Lock icon TOKYO
      1659 11 AFX-Asia Q Nikkei 225 +206J9 SHARE prices closed broadly higher in the wake of a renewed rally in futures, along with renewed buying support for blue chips. The 225-share Nikkei Average closed up 206.99 points at 22,289.39. The Topix Index gained 15.25 to 1,700.10. Trading levels were boosted by
      AFX-Asia  -  1,659 words
    • Article, Illustration
      Lock icon HONGKONG
      1697 12 Reuter n Hang Seng -LO3 AFTER spending most of the day in positive ground, stocks ended a touch lower as sellers overtook bargain hunters. Despite early gains on the back of what some analysts called a technical rebound after a fivesession sell-off, investors were seen selling into the strength.
      Reuter  -  1,697 words
    • Article, Illustration
      Lock icon CHINA
      690 12 Reuter Q Shanghai B Share Index +182 THE Shanghai B Index ended up 2.82 points, or 5.9 per cent, at 50.58 yesterday, on strong demand from domestic investors. Brokers said that several days of sharp rises on the Shenzhen B share market encouraged buying on the Shanghai bourse. Volume
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  690 words
    • Article
      Lock icon TAIPEI
      387 12 AFP Q VP Index -VIM SHARE prices finished lower as late profit-taking pressure countered early gains, with financial issues worst-hit. "Many investors locked in profits in late trading following three winning sessions," said a trader. "The drop consolidated recent gains and would not hurt the bourse's upward trend in
      AFP  -  387 words
    • Article, Illustration
      Lock icon JAKARTA
      779 12 AFP I*l Composite Index +10.83 STOCKS closed higher in active trading on a technical rebound in heavyweight stocks. "The rebound came sooner than expected, but I think it will take some time for the market to come back to levels seen earlier in the week," said a dealer. The
      AFP  -  779 words
    • Article, Illustration
      Lock icon BANGKOK
      881 12 AFP P SET Intel +BJW SHARE prices rose yesterday, due to a late rally on heavyweight issues. "Trading was quite sluggish, with only a rally in Siam Cement and other big bank issues in the last minute boosting the index," said a trader. The SET Index gained 8.99 points
      AFP  -  881 words
    • Article
      Lock icon MANILA
      362 12 AFP Q Manila -43JS SHARE prices closed 1.3 per cent lower as apprehensive investors took profits. The PSE Composite Index fell 43.15 points to 3,166.32. Turnover was 8.2 billion shares worth 2.3 billion pesos. Petron Corp shed 25 centavos to 10.25 pesos while Philippine Long Distance Telephone fell 35
      AFP  -  362 words
    • Article
      Lock icon SEOUL
      439 12 AFP n Composite Index -12.15 STOCKS drifted lower, with economic and political uncertainty pressuring the market. Traders said that unconfirmed reports that the central bank might move to squeeze the money market added to the downward pressure. The Composite Price Index shed 12.15 points to 862.53. Turnover 20 million
      AFP  -  439 words
    • Article
      Lock icon SYDNEY
      626 12 AFP PtAflOrdmiries +15iE THE Commonwealth Bank of Australia helped share prices close higher yesterday after sharp falls on Thursday. The All Ordinaries Index gained 15.6 points to 2,216.2. Turnover was 427.7 million shares worth A 5622.8 million. Commonwealth Bank rose 17 cents to A 510.25 after it announced a
      AFP  -  626 words
    • Article
      Lock icon WELLINGTON
      285 12 AFP n Wellington +29.37 SHARES rallied to a strong close as a bid tone finally returned to a market long suppressed by high interest rates and political uncertainty. The NZSE-40 Capital Index rose 29.37 points to 2,057.90. AFP ■>«*>♦ M$ roooi ANZ Banking 6.55 unch 5761 A4v*nt«q«i Kldgi 1.55
      AFP  -  285 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Tenaga leads stocks to higher close
        8131 13 KUALA L u aur u m Reports shares traded. Bloomberg Business News, AFX Asia Q Composite Index +3J86 STOCKS rose, led by Tenaga Nasional, after it negotiated a lower-than-expected rate for the power it will buy from the Bakun hydroelectric dam project. "This has
        shares traded. — Bloomberg Business News, AFX Asia  -  8,131 words
    • WARRANTS & OPTIONS
      • Article
        Two Renong warrants to punt on
        4039 14  -  WARRANT WATCH By R Sivanithy ONE of the latest Malaysian warrants to make its debut yesterday were those issued by Renong Bhd, a property-based counter that punters will recognise as an old market favourite, albeit one that has fallen out of favour for some
        4,039 words
    • Article
      CLOB INTERNATIONAL
      2492 14 MALAYSIAN STOCKS Or Qf 1996 Last V*4 0«v Last Quota ON 01* YM Nat HClf mq» Low Stno Company Solo COOP) Hlfti Low Buyar SoWof 96 Cvr P/I Smk 625 384 l» 5000 AISBSOc 394 .2 W N1 W 400 5.0 49 0.4 82.3 404.1 113 84 a
      2,492 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1180 15 TURNOVER COOO) VALUE fOOO) Mjte Cto» TXM HUB CH6 T»UI Industrie 25,717 5,024 30.741 M.M1 H.S2 HO.133 rm«oc> 4.390 2,774 7,154 MJtS 4.204 40.9*9 378 29« 676 950 4*9 1,440 l»r«p*ftl«s 4.306 4,436 6,744 27.620 6.493 34J12 P1*n»«tton 432 432 1.072 1,072 MWng 766 766 U21 1.621 6t*r 3.046 5.971
        1,180 words
      • Article
        MAIN BOARD
        4556 15 Or Cr M Wt 1996 Last Vtf Day Last Ou«t« Dlv Dlv YM Met Cap A»g High Law St Ho Company Sat* COOP) High Lav Buyer Setter Cw P/t SmK Price INDUSTRIALS 5146 ASENT$10 200 US- 2»4 165 1258 Acar 50c US193 CO *7 201 193 187 193
        4,556 words
      • Article
        SESDAQ
        1015 15 Cf Or M Wt 1996 Lut Vol Day Last Ou«t< Dtv Mv YM Mot Cap A»q High Low StNa Company M COOO) Hk«* Law Buyar M« Cw P/E $«nN Mci SESOAQ 289 226 2000 A8RMIdgs5c 230 cd urvch 40 231 230 230 235 3.0 14.2 0.1 143.8 102.3 232
        1,015 words
      • Article, Illustration
        HOT STOCK
        57 16  -  By Shiv Taneja DBS Land, which closed yesterday 10 cents higher at $4.98 on a volume of 1.47 million units, looks like it will trade sideways with a downward bias for the next few sessions. Daily RSI is looking very overbought, and investors should take profit. There is
        57 words
      • Article, Illustration
        Broader market up despite late selling hitting STII
        867 16  -  STOCK MARKET COMMENTARY Jardine group in limelight while US bond rise helps prop up prices; observers expect sideways-to-weak finish for next week By R Sivanithy [SINGAPORE] A purchase of Jardine Strategic Holdings (JSH) shares by Jardine Matheson and a minor, broadbased rebound
        867 words
      • ON THE GRAPEVINE
        • Article
          Bloomberg's blooper?
          106 16 BLOOMBERG Financial News wire caused a flutter in the stock market yesterday when it ran a report that Jardine Strategic Holdings (JSH) had bought back its own shares. In fact, it was Jardine Matheson which had bought JSH shares. "The gentleman at Bloomberg didn't ask the questions very
          106 words
        • Article
          Best seller to a T
          92 16 FORD MOTOR is as good at churning out statistics on its own manufacturing prowess as it does cars. The company said the number of cars it made, when parked bumper to bumper, will circle the earth 30 times; when stretched into space would reach the
          92 words
        • Article
          Banking pirates abound
          74 16 CURRENCY options traders haven't repented, it seems. Fresh from giving us Nick Leeson, some of them are now getting into a different form of misdemeanour. Astrogamma, which produces Fenics, the software used by banks to price currency options, announced that it has collected US$5OO,OOO (*****,000) from piracy
          74 words
        • Article
          What will they think of next?
          100 16 THIS Internet business is really getting out of hand. Companies on the Net are encroaching into just about every business domain. The latest, you will never believe it, is baby contests. Yesterday, Gatesoft Technology Pte Ltd, a firm with an office in Katong Mall,
          100 words
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      211 12 Land Transport Authority Infoline Results I INF""litlP COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH AudioTex Service Available on 10th or 11th of every month. All you Available between Saturday and Wednesday each week All you need is Call OUr non-1900 AudioTex Enquiry need is
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      28 13 For real-time stock information, ®call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
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      Page 13 Advertisements Column 2
      40 13 WmP I ■H I Cartier bcxjbque/ I Singapore I Ngee Ann City, Tower B, #01-11, I 391 Orchard Road. Tel: 734 2427 I Hilton International. #01 -04, I The Shopping Gallery. I 581 Orchard Road. Tel: 235 0295 IMlMilll Blßlc
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      131 14 fIH Wal |MtljKl SI |Wtt |nl fjy Need cash for any worthwhile purpose? At Hong Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: So, why keep your shares tucked away? Use it for a million purposes. Call
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      43 15 when the Market qets Going, HT the Savvy 90 £URFSN£ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet I daca business centre YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
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      Page 15 Advertisements Column 2
      140 15 To SPH AudioTcx Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period Ql2 months J 6 months 3 months at 5560.00 at S
      140 words
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      Page 16 Advertisements Column 1
      1026 16 BUSINESS Notices TO I) KK TISK I.I. IOIIIKII I S 0 0 7 4 I INN* c SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT PROPOSED RENOUNCEABLE RIGHTS ISSUE OF BETWEEN A MINIMUM OF 27,986,100 AND A MAXIMUM OF 28,217,600 NEW ORDINARY SHARES OF $1.00 EACH ("RIGHTS
      1,026 words
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      Page 16 Advertisements Column 2
      62 16 XYLENE PTE LTD (In Members' Voluntary Winding-Up) NOTICE IS HEREBY GIVEN that the Final Meeting of the abovenamed company will be held at 138 Cecil Street, #18-00 Cecil Court, Singapore *****8 on 23 July 1996 at 10.30 am for the purposes set out in Sections 308 and 320(3) of the
      62 words
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      Page 16 Advertisements Column 3
      533 16 Singapore Closing Share Prices 14/06/1996 CLOSE PREV LOW HIGH ttlVf# uss uss uss uss mllMr Jardine Matheson 7.15 6.65 6.75 7.15 W&ZSH Jardlno strategic 3.16 2.84 2.88 3.18 Dairy Farm 0.805 0.785 0.78 0.81 Hongkong Land 2.25 2.25 2.25 2.30 Mandarin Oriental 1.30 1.36 1.36 1.30 BiiUUiifcga Jardine Strategic WOB
      533 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Chinatown hospitality
      1281 17  -  Refurbished shophouses in this historic area of Singapore are being turned into small budget hotels which combine nostalgia and authentic local flavour with quality and efficiency, oobxhme kttrk finds out what makes them so popular, especially with Caucasian business travellers CORINNE KERK THESE days, a walk through Chinatown's
      1,281 words
    • STRAWS In The Wind
      • Article
        Beefing about the stew
        89 17 THIS mad cow scare seems to be driving more than just the cows loony. Take this woman at a department store's cafe after studying the blackboard specials, she ordered the oxtail soup, without realising that she had misread it and that it was actually oxtail stew.
        89 words
      • Article
        Bad timing
        60 17 IN HONGKONG, a family was rudely awakened in the wee hours of the morning by a junk fax from a show promotions company advertising the sale of Barry Manilow concert tickets. The next morning, the wife the organisers to complain and got this glib response: "Oh, can I
        60 words
      • Article
        Not mad about that voice
        51 17 ON THE main street of East Hampton, New York, as an unshaven father and his young daughter were making their way to the ice-cream store, the kid was heard protesting, "Daddy, Daddy, please don't sing!" On close examination, the father turned out to be Billy
        51 words
      • Article
        A father's presence
        30 17 QUOTABLE quote: "Sunday is Father's Day. Remember, no matter how much grief Mom gave you, Dad was always there with those three little words: 'Where's the remote?'
        30 words
    • PROFILE
      • Article, Illustration
        Alice in artland
        3235 18  -  Alice Lam is a woman who makes an impression. After a successful career as the managing director of Hang Seng Bank, she is now hoping to make her mark on another famous institution, Sotheby's. But has she met her match in the auction house? axjce caisivs reports
        3,235 words
    • ART
      • Article, Illustration
        Family influences
        1309 19  -  A forthcoming exhibition in Jakarta entitled Affandi and Family will give Affandi aficionados a chance to see how the late artist's style was interpreted or copied by those who were closest to him pabvathx ar makayax has the details PARVATHI lN NARAYAN PASCINATED, I watch Kartika Affandi give
        1,309 words
    • Article, Illustration
      Lock icon Journey back in time
      406 20  -  NIGHTSPOT Drop in at Piccadilly Station for a taste of old world charm By. A Surendren YOU CAN't help feeling you are entering a British railway station when you go to Piccadilly Station at Suntec City. As its name suggests, the place is styled with all
      ARTHUR LEE  -  406 words
    • Article, Illustration
      Criminal waste of talent
      574 20  -  CINEMA Barbet Schr oeder deserves a turkey for his unfocused helming of a family facing crisis in Before And After Jaime Ee WANT to know a good movie from a bad one? Check your goose bump level. If you think there's some wonderfully scientific, academic way
      574 words
    • Article, Illustration
      Exercise in embarrassment
      648 21  -  TELEVISION Gotcha! is dire not because the candid-camera premise is trivial, but because it isn't handled competently By: Kevin Sullivan VAST swathes of Singapore television are given over to programming which can most generously be described as infantile childish shows directed at adults, not customised shows made
      648 words
    • Article, Illustration
      WHAT'S ON
      388 21  -  Compiled by Holly Harrison APCTIOH/yiUSVIIiW Spink Numismatic Auction About 800 lots (at an estimated value of Ssl.7 million) comprising coins, banknotes and medals from the Straits Settlements and the Pacific Rim will be offered for sale. Preview: June 20, Ham to 6pm and June 21, 10am to spm.
      388 words
    • EPICURE
      • Article, Illustration
        A question of balance
        645 22  -  Pimai has gone easy on the chilli, but its new menu still lacks the careful blending of flavours that the Thais are so famous for, reports jaimbeb JAIME EE IT'S BEEN a long time since we last ate at the Hotel Intercontinental's Pimai Thai restaurant. I
        645 words
      • Article, Illustration
        Lock icon Lily Mok gets her priorities right
        547 22  -  RESTAURANT My Thai Place looks pretty nondescript, but that's fine with as as all the extra effort has rightly been channelled into the food By Jaime Ee IN ITS heyday back in the late '80s, Her Sea Palace was the definitive place to go
        ARTHUR LEE  -  547 words
      • Article
        Hakka flavours at Dai-Ichi
        211 22  -  EATING OUT tty, Jaime Ee THEY say the best Hakka niang dou fu is to be found in Kuala Lum pur; at the same time, they say you can find equally good stuff in a coffeeshop stall in Mosque Street. But if ambience is as important
        211 words
      • Article, Illustration
        Undervalued gems of the Rhone
        901 22  -  WINE CONNOISSEUR There's more to red wine than claret. The Rhone boasts delightful reds that are just as pleasurable, and mnch cheaper By N K Yong SO MUCH attention is paid to claret these days, especially with the 1995 Bordeaux en primeur campaign, that one
        901 words
    • Article, Illustration
      CINEMA
      1101 23 Barb Wire. Baywatch's resident Barbie doll, Pamela Anderson Lee, is a cynical-yet-sexy bar owner and bounty hunter in postWofld War 111 America. Lido: 10.45; 1; 3.15; 7.15; 9.15. Capitol: 11; 1.30; 4; 6.30; 9.15. Yishun 10.10; 12.10; 2.10; 6.25; 8.30. Bishan: 10.10; 12.15; 2.20; 6.40; 8.45. Ju-J-Z rong: 12.15;
      1,101 words
    • TRAVEL
      • Article, Illustration
        Lock icon Land of the Incas
        1317 24  -  Peru, birthplace of South American culture and civilisation, is full of ancient enigmas and stunningly beautiful sights, b sivamithv discovers some of its wonders R SIVANITHY WE ARE in a small, single-engined Cessna flying about 2,000 feet over the desert that borders the Peruvian city of
        ALL PHOTOS, EXCEPT FOR NAZCAN LINES, BY R SIVANITHY; JEN CHUA  -  1,317 words
      • Article, Illustration
        Peru: some facts and features
        536 24 GENERAL INFORMATION Area: 496,000 sq miles, bordered by Ecuador and Colombia on the north, Brazil and Bolivia to the east and Chile to the south. The Pacific Ocean lies to the west. Population: 23m, largely Indian and Mestizos with European influence (mainly Spanish), Asian and
        536 words
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      6 17 Art Affandi family exhibition EL 3
      6 words
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      107 17 Travel The many mysteries of the Incas EL 8 m #> Seasons brings you the heart of America. Right on Singapore's main artery. #> At Seasons you II find the cuisine America has taken to heart. Lighter, healthier dishes prepared in the fine dining tradition and enjoyed in surroundings guaranteed
      107 words
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      388 20 ***** SERVINGS UNLIMITED! HELP YOURSELF TO yime Qoodics... Such is meat dumpling (bat chang), mini dumpling popiah, deep-fried spring roll, steamed yam ban. steamed minced pork It shallot cake, sweet peanut soup, sweet red bean soup, baked peanut paatry, mee teh, ang ku kueh, huat kueh, etc... Enjoy as much
      388 words
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      Page 21 Advertisements Column 1
      468 21 Where to wine, dine and entertain f„ mminmmm \stic and able. d seafood ted the Iss Intercontinental H MARINA STAURANT arina) pm -1.30 am 2222 For enquiries K>mo» Hnw> 11: 339 9399 or Fax 338 6398 HAPPY FATHER'S DAY LUNA COFFEE HOUSE KINTAMANI INDONESIAN 15th(Sat) 16th(Sun) RESTAURANT June 1996 15th(Sat)
      468 words
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      Page 21 Advertisements Column 2
      168 21 Where can we bring the for dinner? '^ySSSs^jBS^^^MIIRiS 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! SIRSp IFjFI seafood restaurant Offers more than lust live seafood! 920 East Coast Parkway,
      168 words
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      Page 21 Advertisements Column 3
      143 21 You'll be tempted by our tantalising selection of Local and Western sweets and savouries All your tite-i-tfte favourites await your pleasure in our High Tea at The Mezzanine. Just give in. For reservations please call 831 6286/8/9 High Tea: 2 30pm-spm IHQjunl Road. Singapore *****7 T«l: 737 4411 A Special
      143 words
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      178 22 i The" Business Times Faster. Sharper. Deeper 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 on business and markets. Deeper analysis of trends, and more opinion and commentary. Start my TheßusinessTimes Subscription
      178 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      2275 23 TODAY'S TV ■Brmmmmpn griramin PneUereU "SK* 12,30 AJV TV innovations: Rev 6.00 AM Soccer: European JEfc J olutionary Home ShopClaustrophobic SjjSS&w JTSfrm *"<*«• I wrote the screenplay for s.oo oiympica. ap hjk Jwißl l J TVI 11VGS this 1991 film. 0.00 NBA Basketball: Chicago HmV M 9k v Bulls vs
      2,275 words
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