The Business Times, 27 July 1996

Microfilm: NL20622
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MIT A (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, JULY 27-28,1996 7^
    15 words
  • Article
    MARKET SUMMARY
    58 1 25 ri BTOOUP mm mm (-7.i1) nsMu* M 10HU7 (-5.94) STOCK HASSBT imiwmi FrMagr ChaqB KLSE COUP 1184.08 _-S.M MKKB .*****. SO +*41.06 HAND SEND MNM7 -LOO SSTOfflEX UlUS -8.73 JAKARTA COMP M\ J1 -7.14 KAMUeOMF- 8G646 ,22.® TAIP«WW OOlfctt. ..+1MI SEOUL OOMP_w—814.08 4JI CL8ACRWAB J71.7J -7JM AOSTALLORD
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  • Article
    FINANCE
    67 1 USS SI m i.4i7 i im... tm DM 1.«78. 9.9C1 KM. 1» IWl n. 0.4CL <Ui» TO- #.129. #183 MB Mm MM MfttS m 0.101 ipy. L rI SftSs; KafSfc i iri.g' mum SMQAPOBE* <44 BiALAUWUl. 8.15 MMBTA 18.M BAtyGCOK 11.78 MANILA 14M HONO«0N8 8.76 WH Alt ».7» ,1M
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  • Article
    Pribadi, Sukamto vow to stay involved in Amcol
    512 1  -  Negotiations on rescue packages from both shareholders still going on, say judicial managers By Conrad Raj [SINGAPORE] Amcol Holdings' two largest shareholders Henry Pribadi and Sukamto Sia have reaffirmed their interest in the beleaguered group and will work with the court-appointed judicial
    512 words
  • Article, Illustration
    Tales of dubious payments, over-payments, non-payments
    797 1  -  By Catherine Ong MILLIONS of dollars were paid for dubious purposes during the years when Amcol's former boss Kang Hwi Wah and his family ran the public-ly-listed company, according to a report by accountants Price Waterhouse (PW). The 232-page report, culled from several hundred
    797 words
  • Article, Illustration
    CMB Asia to take writedown of $100m
    613 1  -  Company cites closure of two China plants and govt acquisition of Woodlands site By i Genevieve Cua [SlNGAPOßE] Packaging group CarnaudMetalbox (CMB) Asia dropped a bombshell yesterday, saying that the closure of two China facilities and the government's acquisition of its Woodlands site
    613 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      127 1 dtsde s I Banker Gracy Choo, who bead* the Singapore chapter of Women for Women Foundation (Asia) Inc, discusses the direction she would like the association to take, EL2 lpmiTifjfp flßt.uk! Ml tttispg. Expect selling ■■Mire, though thin MBtag in the share is likely to limit loss. atlngChaa'synpsa* ■mm iiU
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    • Advertisement
      Page 1 Advertisements Column 2
      28 1 Bfer* reports, Pg 3: Holders of $285 m bonds hopeful; Banks mum on exposure; Indon-linked counters hit n JtWjgfe Singapore 435 Orchard Road-N° 02-36.Wisma Atria Singapore 0923 batches-Jewellery-Perfume-Accessories
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Fullerton Square tender opens for prestige hotel
      343 2  -  Big boys like CityDev, DBS Land, SSL and WingTai likely to bid for complex project By. Abdul Hadhi THE Urban Redevelopment Authority (URA) yesterday launched the sale of landmark Fullerton Square the former home of the General Post Office which is to be
      343 words
    • Article, Illustration
      Lock icon A better Great Sale for some retailers, shoppers
      354 2  -  But shops worrying about fall in business with end of event By, Jenny Lam THE third Great Singapore Sale wraps up tomorrow with a happy ending, having boosted the flagging retail business here. But retailers are now concerned that business will plunge
      ARTHUR LEE  -  354 words
    • Article
      Electronics: May output up 16.3% but outlook seen uncertain
      337 2 THE electronics industry's output climbed a respectable 16.3 per cent in May, but the Economic Development Board warned that the sector's outlook remained uncertain. May's index of industrial production, released yesterday by the EDB, showed that the electronics industry's average growth
      337 words
    • Article
      Towa investing $35m to boost S'pore operations
      215 2 TOWA Corp, a leading Japanese semiconductor equipment maker, is investing $35 million to substantially expand its operations here. The company plans to conduct research and development and make higher val-ue-added products. It has also set up a regional headquarters to oversee its other
      215 words
    • Article
      Govt says no to party political video tapes
      323 2 SDP bid to sell such a tape rejected THE government has rejected the Singapore Democratic Party's application to sell a party political video tape. "After careful consideration, the government has decided that as a matter of public policy, it is not in
      323 words
    • NEWSRoundup
      • Article
        New petrochem data standards
        40 2 THE National Computer Board yesterday launched standards of electronic data interchange for the petrochemical industry. Three petrochemical companies Seraya Chemicals Singapore, Shell Eastern Petroleum and Singapore Refining Company have taken the lead to implement the standards.
        40 words
      • Article
        S'pore, S Korea agree on early pact
        79 2 FOREIGN Minister S Jayakumar and his South Korean counterpart Gong Ro Myung yesterday agreed to ensure an early signing of an agreement on cooperation in science and technology, and speedy implementation of all bilateral pacts. Mr Gong, who leaves Singapore today after a
        79 words
      • Article
        Corrections and clarifications
        61 2 In our report headlined "Hot fight for China Square food stalls" yesterday, we wrongly reported that a total of 450 tenders had been submitted. The number actually referred to the tender packages sold as of Wednesday. Also, the food centre is expected to be completed in September/October
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      1795 2 carnaudMetalbox ASIA LIMITED (Incorporated in the Republic of Singapore) RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1996 The Directors wish to make the following preliminary announcement of the unaudited results for the half year ended 30 June 1996 as follows: THE GROUP THE COMPANY Half Year to 30 Jura
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  • THE AMCOL SAGA
    • Article, Illustration
      Holders of $285m bonds worried but hopeful
      737 3  -  Helpless frustration, but they hope to get principal back dollar-for-dollar By] Paul Leo, Shiv Taneja {SINGAPORE] With serious money on the line, Amcol Holdings' bondholders are a worried lot, though most are hopeful they will "eventually" get their principal back dollar-for-dollar. "We have
      737 words
    • Article
      Costa Rhu money wired to Mauritius
      368 3  -  By\ Lee Han Shih [SINGAPORE] Some $45 million paid to Amcol by the buyers of its Costa Rhu condominium in Singapore has been siphoned off, with a major portion wired to Mauritius for a casino, a racecourse and some properties there. This was disclosed
      368 words
    • Article
      To satisfy small investors, fall truth must be dug out
      769 3  -  HOCK LOCK SIEW Tan Sai Siong PUTTING Amcol Holdings into judicial management was one of the options toyed with briefly by regulators confronted with the company's problems last month, as was an appeal to the Finance Minister to investigate the
      769 words
    • Article, Illustration
      Lock icon Banks keep mum on Amcol exposure
      820 3  -  Beleaguered company has 25 bankers bnt only DBS Bank says it is not one of them By I Siow Li Sen, Larry Wee [SINGAPORE] Banks contacted yesterday declined to comment on their exposure to troubled Amcol Holdings, citing the Banking Secrecy Act. Only DBS
      CHRIS LOH  -  820 words
    • Article, Illustration
      Lock icon Indon-linked counters take a beating
      289 3  -  Kemayan the worst hit; VDH, L&M and UPP also drop By] R Sivanithy [SINGAPORE] Almost all stocks with connections to prominent Indonesian businessmen including Malaysia's Kemayan Corp fell sharply yesterday in direct response to the Amcol revelations. "People think all the Indonesians are connected," said
      JEN CHUA  -  289 words
    • Article
      Mauritius govt confirms US$39m wired over
      264 3  -  By Conrad Raj [SINGAPORE] Mauritius Finance Minister S Bheenick confirmed earlier this week that Amcol Holdings sent U5539.6 million (Ssss million) to the Indian Ocean island which lies 400 km off the East African coast. Amcol had sent the money as its contribution to
      264 words
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  • FOCUS: PERSONAL FINANCE&INVESTMENT
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index
        679 4 Those polled for their views on next week's Singapore stock market outlook are: Alliance, ING Barings, Daiwa (Research), Fraser Securities, GK Goh, Deutsche-Morgan, Nomura (Research), Phillip, SBC Warburg, Merrill. Bac 4 Btak ♦Accumulate —OCBC Investment Research, July 25, U552.75. THE company is not suffering any marked decline
        679 words
      • Article, Illustration
        In My Opinion
        464 4  -  Timothy Weng Tickers Balks Investment Eemrck 4fin HE sky is falling, or so I the market would have A us believe, judging from the sell-down on the electronics sector. Over the past month, the Bloomberg Singapore Electronics Index has fallen by close to 16 per cent, exceeding
        464 words
    • Article, Illustration
      Lock icon Time-tested investments
      911 4  -  With growing affluence, the market for vintage and antique watches is fast expanding By\ Soh Tiang Keng [SINGAPORE] FOR those in search of exotic instruments to diversify their long-term investments, it may be time to consider top-brand quality watches. Such watches, according to vintage and antique dealers, do
      ARTHUR LEE  -  911 words
    • Article
      Listless bourse taking cue from overseas interest rate worries
      743 4  -  ETB ON THE REGION: HONGKONG Bnt better economic data and property market and coming corporate results may change all that By* Quak Hiang Whai THE Hongkong bourse has continued to drift sideways with thin daily turnover despite the fact that most
      743 words
    • Article, Illustration
      $1m time deposit
      174 4  -  By. Arthur Lee [SINGAPORE] Investors inspired to diversify into luxury watches have the ultimate in high-yielding time deposits to peruse right here at home this gem-studded watch, worth a whopping million dollars. It is among top-of-the-range Swiss watches on display now in Ngee Ann City in an
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    • Article
      ACU DEPOSIT RATES Offered by various banks (as at July 25, 1996)
      617 4 Bank of China m$ 25.000 249.999 5J800 6.0000 6.3200 A$ 250.000 500.000 6.0000 6.1200 6.4400 10.000 49.999 6.7500 6.7500 6J125 50,000 Above 6.8125 ***** ***** 2.499,999 6.9300 6J800 7.0100 Omk Urn* 4.999,999 7.0600 7.0000 7.1300 10.000 49,999 2.5000
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  • REGION
    • NOTEBook
      • Article
        Lock icon Paper rapped for call to black out PDI
        89 5 Reuter [JAKARTA] The Media Indonesia newspaper was yesterday criticised for calling on media organisations to stop publishing reports on the conflict in the splintered Indonesian Democratic Party (PDI) for one month "to follow the call from President Suharto that political or mass
        Reuter  -  89 words
      • Article
        Lock icon Vietnam to spread income tax net
        68 5 Reuter [HANOI] Vietnam's top tax official, Tran Xuan Thang, said yesterday the country would seek to broaden its income tax net through new laws to be submitted for approval this year. He told the Thai 800 Kinh Te Viet Nam weekly that Vietnamese nationals
        Reuter  -  68 words
      • Article
        Lock icon Income disparities persist in Thailand
        65 5 AFP [BANGKOK] Economic growth has brought real progress in human development in Thailand over the past three decades, but major income disparities and over-centralisation of power persist, the United Nations Development Programme said yesterday. Per capita income in the capital is 10 times greater than
        AFP  -  65 words
      • Article
        Lock icon China's inland provinces set to grow
        57 5 AFP [BEIJING) Top Chinese economists predicted yesterday that economic growth in the central and western regions was gearing up for take off. "After 17 years of reforms, the turn of the inland provinces is finally coming," Yu Xiaosong, Vice-Minister of the States Economic and
        AFP  -  57 words
      • Article
        Lock icon Delhi moves to cleanup elections
        58 5 AFP [NEW DELHI] India has introduced a sweeping bill to clean up elections amid warnings that government attempts to seek partisan gains would not be tolerated. The bill seeks to impose a six-year electoral ban on candidates convicted of an offence and cuts the campaign
        AFP  -  58 words
    • Article
      Lock icon Two new cars planned
      133 5 JAKARTA AFP PT INDOMOBIL Niaga Internasional and Japan's Suzuki Motor Corp are to produce two Indonesian-brand cars, a report said here yesterday. Indomobil president Subronto Laras said that one would be the "Bintan" sedan in 1,300 cc, 1,600 cc and l,Boocc versions, while the "Karimun" would
      AFP  -  133 words
    • Article
      Japan opposes putting human rights, labour on WTO agenda
      374 5  -  SINGAPORE By Harish Mehta JAPAN opposes including issues such as human rights and labour standards at the meeting of the World Trade Organisation (WTO) in Singapore in December because they could be used as a pretext for trade protectionism, a Japanese
      374 words
    • Article
      Lock icon Korean group plans US$1b resorts
      141 5 MAJURO, Marshalls AFP A SOUTH Korean investment group is moving ahead with plans to invest close to US$l billion (Ssl.4 billion) in msgor resort developments in the Marshall Islands in the Pacific Ocean, including casinos, hotels and golf courses. Haeng Yong Mo, president of the
      AFP  -  141 words
    • Article, Illustration
      Lock icon Exotic fare for tourists
      45 5 [BEIJING] A receptionist waitingfor customers to arrive yesterday at one of the newly-established Chinese restaurants offering exotic traditional dishes to foreign tourists. Chinese authorities are to stage a "Visit China "year in 1997t0 boost annual tourist arrivals to 50 million. AFP
      AFP  -  45 words
    • Article
      Lock icon Japan warns of recovery snag
      466 5 TOKYO Slowdown ahead nnlftM consumption and capital investment grow, says govt report Reuter THE government warned yesterday that Japan's hesitant economic recovery could suffer yet another slowdown later this year unless consumers and companies become more willing to spend money on goods and fresh investment.
      Reuter  -  466 words
    • Article
      Lock icon Stricter norms imposed for media coverage of markets
      228 5 BEIJING Reuter CHINA'S top securities watchdog issued a circular setting out stricter guidelines for media coverage of securities and futures markets, banning false reporting and fabricated news, the Securities Daily said yesterday. The China Securities Regulatory Commission had issued the directive following
      Reuter  -  228 words
    • Article
      Lock icon Bambang wants stake in Indon MRT
      144 5 JAKARTA AFP INDONESIAN President Suharto's son Bambang Trihatmojo wants a share in the US$l.3 billion (Ssl.B billion) Jakarta underground Metro project, reports said yesterday. "I am interested in the project and the governor supports the idea. He said that it would be better if
      AFP  -  144 words
    • Article
      Lock icon April traded deficit revised down to M$254m
      144 5 KUALA LUMPUR Reuter MALAYSIA'S Statistics De--partment yesterday revised downward its estimate of the country's April trade deficit to M 5253.9 million (*****.2 milf lion) from M 5265 million earli» er, the national Bernama news agency said. The Statistics Department was quoted as saying
      Reuter  -  144 words
    • Article
      Lock icon Rupiah hit by rumours about Suharto's health
      247 5 JAKARTA Reuter FRESH rumours over longserving Indonesian President Suharto's health emerged yesterday, sending jitterf through the local financial markets. But a palace official dismissed the talk spying Mr'Sii harto, 75, was keeping to hfc full schedule and would attend Friday Muslim prayers. "He
      Reuter  -  247 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      51 5 PLEASURE CRAFT "5Z*****C" PT^ rt ia Built in 1994 ia The USA Fibregiass Construction Dimension U.4m(L)XLBm<B)XIJm(D) Gross Tonnage 13 J Engine 2 Memnser Oot/la Board Motors witb total capacity at tlAw Auction*™ VICT—HIO—IS TKAW FTK LT» mrnn,Umilt§m No l Stffaai Road #07-17 PraccCcMrr, Singapore *****9 Tel 334 4266 Fax 334
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      296 5 CRYPTIC CROSSWORD ACROSS —r— 1 What autumn leaves are do- jjHP I P Pr P ing in decline (7,3) ißllß^^^^^^F® 6 Very keen to use a videocam- BB BB BB BB BB I era inside (4) 9 It might be raised to make a 15 Poorly made attempt remains Hf""
      296 words
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  • THE WORLD
    • Article
      Lock icon TWA black box reveals an unidentified sound
      502 6 NEW YORK Investigators said to veer round to terrorism theory as two engines are recovered AFP NYT Bloomberg Business News SEARCHERS on Thursday found two of the four engines of Trans World Airlines Flight 800 as investigators said an unidentified sound was heard
      AFP; NYT; Bloomberg Business News  -  502 words
    • Article
      Lock icon US accepts World Bank's China probe
      226 6 WASHINGTON Reuter THE US has accepted the results of a World Bank inquiry that found no basis for charges of involvement of prison labour or military management in projects it funded in China, an official said on Thursday. Assistant Treasury Secretary David Lipton was
      Reuter  -  226 words
    • WORLDWatch
      • Article
        Lock icon 'Mad Cow' scare curbes UK Q2 output
        62 6 Bloomberg Business News [LONDON] A decline in beef sales because of the so-called "mad cow" disease curbed UK economic output in the second quarter, reviving expectations that interest rates may be cut as soon as next week. The economy expanded a lower-than-expected 0.4
        Bloomberg Business News  -  62 words
      • Article
        Lock icon German May factory orders fell 0.7%
        76 6 Bloomberg Business News [FRANKFURT] German factory orders fell 0.7 per cent in May instead of rising 0.3 per cent as originally repented, the Bundesbank said. The central bank said it recalculated several months of its seasonally adjusted figures for factory orders months after receiving
        Bloomberg Business News  -  76 words
      • Article
        Lock icon Fed already acting to meet GAP concerns
        80 6 Bloomberg Business News [WASHINGTON] Federal Reserve chairman Alan Greenspan defended the way his agency spends its money, and said the central bank is already acting to meet concerns raised by a critical Genera! Accounting Office report. His comments came in written testimony prepared
        Bloomberg Business News  -  80 words
      • Article
        Lock icon Mandela sacks deputy minister
        56 6 AFP [PRETORIA] President Nelson Mandela announced yesterday that he had sacked Deputy Environmental Affairs and Tourism Minister Bantu Holomisa, but gave no reasons. The African National Congress is investigating charges of misconduct against Mr Holomisa for allegedly bringing the party into disrepute by accusing Public Enterprises
        AFP  -  56 words
    • Article
      Lock icon EU agrees to spending freeze for next year
      212 6 BRUSSELS Reuter THE European Union has bowed to the realities of the market place by agreeing to an unprecedented spending freeze for 1997. The agreement came at an acrimonious meeting of EU budget ministers on Thursday after years of heated debate between
      Reuter  -  212 words
    • Article, Illustration
      Lock icon Sumo sandman
      35 6 [MOSCOW] Members of one of the Russian teams working on a sand sculpture of a sumo wrestler in Moscow's Krilatskoye area yesterday. The first International Festival of Sand Sculpture opened here yesterday. REUTER
      REUTER  -  35 words
    • Article
      Lock icon Wall St investing heavily in 1996 political campaign: study
      344 6 WASHINGTON Bloomberg Business News THE securities and investment industry is investing heavily in the 1996 political campaign, according to a new study by the Centre for Responsive Politics (CRP), a nonpartisan Washington research group. Industry lobbyists, companies, trade associations, political action
      Bloomberg Business News  -  344 words
    • Article
      Atlanta showing points to troubled waters for S'pore swimming
      931 6  -  OLYMPICS 96 By Denesh Divyanathan [SINGAPORE] It was a sad day for Singapore swimming at Atlanta. By the end of competition at the Georgia Tech Aquatic Centre, it was clear that there would be trouble ahead at next year's South-east Asian
      931 words
    • Article
      Lock icon EC plans to curb domination of media delayed
      222 6 BRUSSELS Reuter EUROPEAN Commission plans to regulate against domination of the media by moguls like Silvio Berlusconi and Rupert Murdoch have hit a delay, prolonging debate on one of the European Union's most controversial issues. EU single market Commissioner Mario Monti had
      Reuter  -  222 words
    • Article
      Lock icon US Senate rejects tough sanctions against Myanmar
      368 6 WASHINGTON Investment ban only if things get worse for Aung San San Kyi AFP THE US Senate on Thursday rejected tough sanctions on Myanmar in favour of a compromise amendment, backed by the White House, that would permit sanctions only if the ruling
      AFP  -  368 words
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  • COMPANIES & MARKETS
    • Article
      Lock icon No to Stenworld acquisition
      353 7 M'sian regulators reject Sin Heng Chan's plan to boy UK-based Stenworld for Ms7oom AFP [KUALA LUMPUR] Malaysia's Securities Commission yesterday rejected a poultrybased firm's proposed acquisition of the entire equity of British-based Stenworld Ltd for MI7OO million (***** million). The rejection of Sin Heng Chan (Malaya)
      AFP  -  353 words
    • Article
      SingTel looking at new rates for IDD calls
      554 7  -  Similar package as HK Telecom's latest revisions one option being studied By i Genevieve Cua [SINGAPORE] Singapore Telecom is considering new pricing schemes for international direct dial (IDD) calls which may well take the form of Hongkong Telecom's recent launch of discounts
      554 words
    • Article, Illustration
      Viet hotel joins stable under Scotts management
      143 7 [SINGAPORE] Scotts Holdings' wholly-owned subsidiary, Ascott International Management Pte Ltd (AIM), has been appointed to manage the yet-to-be-completed Palm Courtt Saigon service apartment building in Ho Chi Minh City, Vietnam. The project, to be completed by early-1998, is owned by Rimfire-SJC Vietnam Co,
      143 words
    • Article
      Lock icon Broader market for Tier-1 banks
      100 7 Bernama [KUALA LUMPUR] Tier-1 commercial banks are now allowed to participate in equity derivatives. Bank Negara Malaysia announced yesterday. They will also be allowed to issue negotiable instruments of deposits up to five times their capital funds as well as undertake securities borrowing and lending
      Bernama  -  100 words
    • Article
      Gleneagles (M) to dilute stake in two companies
      297 7 Move to meet bumiputra ownership guidelines [SINGAPORE] Parkway Holdings subsidiary Gleneagles (Malaysia) Sdn Bhd has agreed to dilute its stakes in two companies to meet bumiputra ownership guidelines. It will not subscribe for new shares that wiU be issued by Gleneagles Medical
      297 words
    • Article
      Lock icon CDL Hotels NZ interim profit down 23%
      187 7 Bloomberg Business News [WELLINGTON] CDL Hotels New Zealand said its first-half profit fell 23 per cent, although it expects the coming summer and new hotels in the group to result in a stronger second half. Net profit in the six months ended June
      Bloomberg Business News  -  187 words
    • Article, Illustration
      Armstrong plans to build $18m plant in Bt Batok
      262 7  -  By' Jennifer Lien [SINGAPORE] Precision components maker Armstrong Industrial Corp is investing $18 million to build a new plant in Bukit Batok. Armstrong will also pump an additional (5 million into new manufacturing equipment for the plant. The fivestorey, 200,000 sq
      262 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Market intervention only if SET requests it: Thai govt
        216 8 AFP [BANGKOK] Thai Finance Minister Bodi Chunanonda said yesterday that the government would not intervene to boost stock prices unless requested by the Stock Exchange of Thailand. Thai stock prices have fallen more than 10 per cent since the start of
        AFP  -  216 words
      • Article, Illustration
        Japanese investors focusing more on Asian markets
        391 8  -  No long-term risks but they are ready to take short-term risks in Asian paper, says Nikko Securities chief By' Vikram Khanna [SINGAPORE] Although still reeling from the after-effects of the recession at home, Japanese institutional investors are increasingly venturing overseas, according to Kichiro
        391 words
      • Article
        Jardine's Philippine unit in share offering
        346 8  -  9-for-10 rights issue will be used to finance company's expansion From. Al Labita in Manila A LISTED unit of Hongkong's Jardine Davies Group is selling 1.9 billion pesos (*****.6 million) worth of shares to finance its expansion in the Philippines. In a report to
        346 words
      • COMPANYBriefs
        • Article
          Rotol debtor goes into receivership
          87 8 (SINGAPORE] Rotol Singapore yesterday said a major trade debtor, Fineline Technopolis, had been placed under receivership. Fineline owes Rotol $2.9 million, of which $451,000 has been provided for, giving a net exposure of $2.45 million. Rotol said its major shareholder Rotol Holdings, together with chairman
          87 words
        • Article
          Guthrie unit buys land for $15m
          63 8 [SINGAPORE] Guthrie Regency, a wholly-owned subsidiary of Guthrie GTS, has acquired two adjacent pieces of freehold land at 17 and 47 Shanghai Rdfor $15 million. Guthrie will build an 11-storey block of 20 apartment units on the 1,354.5 sq m site, to be completed
          63 words
        • Article
          Cosco subsidiary gets AOT tax break
          43 8 [SINGAPORE] Cosco Investment subsidiary Cosco-Feoso has been designated an Approved Oil Trader by the Ministry of Finance. This will give Cosco-Feoso a tax rate of 10 per cent on qualifying income for five years starting July 1,1995.
          43 words
        • Article
          UOB unit buys stakes in M'sian firms
          77 8 [SINGAPORE] UOB Asset Management Ltd (UOBAM), a subsidiary of United Overseas Bank, has secured approval from the Malaysian authorities to take stakes in two fund-management firms. The Singapore fUnd manager has acquired 30 per cent of OSK Unit Trust Management Bhd, which is
          77 words
        • Article
          Jurong Engineering chairman quits
          57 8 [SINGAPORE] Jurong Engineering yesterday announced the resignation of chairman and director Ng Pock Too from its board. Director Ukichi Kishino has also resigned. Chee Keng Soon has been appointed chairman, with effect from Aug 1. Kugao Nojima has been appointed a director, and Kazuo Kanaya and
          57 words
        • Article
          Koh Brothers unit clinches $65m project
          45 8 [SINGAPORE] Koh Brothers Building Civil Engineering Contractor Ltd, a subsidiary of the Koh Brothers group, has won a $65.25 million project to build the new Civil Defence Academy at Jalan Bahar. Construction is scheduled to be completed by end-1998.
          45 words
        • Article
          CityDev, Hong Leong put in highest bid
          56 8 [SINGAPORE] City Developments yesterday said that its joint bid with Hong Leong Holdings Ltd to buy a Housing and Development Board land parcel at Tampines Ave 1 was the highest among the tenders submitted. The two companies are now awaiting acceptance of the
          56 words
      • Article
        Lock icon KLSE may set up third board for a specific industry
        171 8 AFP [KUALA LUMPUR] Malaysia's stock exchange plans to set up a third board to provide more opportunities for companies to float their shares, a news report said yesterday. "The setting up of a third board is not meant to allow
        AFP  -  171 words
      • Article
        Lock icon Bid for stake in SHK Securities suspended
        213 8 Bloomberg Business News [HONGKONG] Shanghai International (HK) Ltd, an arm of China's largest securities firm, has suspended talks to buy control of Sun Hung Kai Securities Ltd, pending Chinese government approval. The company, the Hong-kong-listed subsidiary of Shenyin Wanguo Securities Co, said in
        Bloomberg Business News  -  213 words
      • Article
        Lock icon Kerry Properties lowers IPO price to HK$17.50-$l8
        135 8 Bloomberg Business News [HONGKONG] Kerry Properties Ltd cut the pricing range for its initial share sale by as much as a sixth, citing poor market conditions. The company plans to sell 150 million shares at between HK517.50 and HKIIB.OO each, according to a
        Bloomberg Business News  -  135 words
      • Article
        Lock icon Permodalan Nasional to give up Guthrie stake by Oct
        176 8 MBT [KUALA LUMPUR] The divestment by Permodalan Nasional Bhd (PNB) of a 10 per cent stake in Kumpulan Guthrie to foreign investors will likely be completed in the next two or three months, according to Guthrie chief executive Abdul Khalid Ibrahim.
        MBT  -  176 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1597 8 gw FUCMT ETA FUGHT ETD Hat Yd MI893 1405 TG408 0820 Adalalda S0230 1830 0F82 2055 TG407 2105 MI894 1040 0F81 1930 MmMM S0977 1655 S0978 0130 Arhmr RJ187 0130 Ho CM MM VN741 1310 VN740 1410 Amstardaia KL843 0455 KL838 2300 EK72 "30 $0174 1415
        1,597 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Disney's 3rd qtr profit up 28% to US$406 million
        396 9 Double-digit growth in its three main businesses in line with Wall Street's expectations Reuter [LOS ANGELES] The Walt Disney Co reported sharply higher third-quarter profits on Thursday, aided by doubledigit improvements in all three of its major businesses. The world's largest
        Reuter  -  396 words
      • Article, Illustration
        Lock icon Boeing earnings up 15% in 2nd qtr
        453 9 Its USs292m profit beats analysts' average forecast Bloomberg Business News (SEATTLE) Boeing Co said earnings rose 15 per cent in the second quarter, bolstered by stronger sales of the company's commercial aircraft. Boeing posted profit from operations of US$292 million (Ss4o9 million), or
        Bloomberg Business News; Source: Bloomberg  -  453 words
      • Article
        Lock icon Warner TV signs US$800m pact with German media firm
        346 9 Reuter [LOS ANGELES] Warner Bros International Television, a division of entertainment conglomerate Time Warner Inc, on Thursday signed a long-term licensing pact with German media company Kirch Group valued at US$BOO million (551.12 billion). The pact gives Kirch rights to broadcast
        Reuter  -  346 words
      • Article
        Lock icon British Telecom profit down 0.6% in 1st qtr
        236 9 Performance dip due to higher staff-cutting costs Bloomberg Business News [LONDON] British Telecommunications pic, the dominant UK telephone company, said its first-quarter pre-tax profit fell 0.6 per cent because it paid more in staff-cutting costs. Pre-tax profit for the three months to
        Bloomberg Business News  -  236 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        782 9 «MHl Vsy IK Nfth Arrival (Xparturt Ma Nh *****6 J03 tooqsx* 27.07/2100 M UU J 2 *****6 JOI ilsngiMt 26.07/0)00 ■I Dau M *****4 Ml jkkxjvO* 26.07/K00 IMMJ 5/96 J01 <to«tu<)« 2607/2300 tt M *****6 JOI «on«$«)* 27.07/0600 R JH2 *****6 JOI tfonqwSt 26.07/1530 Mtoiw ***** J01 afcmpxfe
        782 words
      • Article
        CONTAINER SCHEDULES
        1679 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofclng/Bolonco Rstls Ship Voy No Etb/Btr Ptrlod Fro* To Fro*i Acx Apricot OM 29/1300 8 24/800 »W» 24/800 3 27/otoo arm vimoo 4 27/1200 27/1499 27/1700 AcTM» MM 20/2399 2* 24/1700 IIWH 27*900 3 27/0700 27/189 27/1400 4 27/1200 27/M99
        1,679 words
    • FINANCE & COMMODITIES
      • Article
        It's musical chairs at Simex
        332 10  -  CSFB has bought Rothschild's seats; Stanch&rt may sell its fntnresarm By\ Paul Leo [SINGAPORE] Musical chairs are being played on the Singapore International Monetary Exchange. Rothschild Bullion Financial Futures has resigned as a member and sold its seats to Credit Suisse First Boston (CSFB) and
        332 words
      • Article
        Lock icon US orders Thai bank to close operations
        365 10 It is fined USs&sm after pleading guilty to falsifying records Bloomberg Business News Reuter [BANGKOK] The Federal Reserve Board on Thursday ordered the Bangkok Metropolitan Bank to close its US operations as the bank pleaded guilty to falsifying records and obstructing a probe.
        Bloomberg Business News; Reuter  -  365 words
      • Article
        Lock icon Mobil takes 26% stake in Indon Natuna natural gas project
        254 10 Reuter [JAKARTA] Indonesian state oil company Pertamina signed an agreement with Mobil Corp yesterday, granting the US company a 26 per cent stake in the giant Natuna natural gas project. Pertamina president director Faisal Abda'oe told reporters a memorandum of
        Reuter  -  254 words
      • Article, Illustration
        Lock icon US$ consolidates as market stays mixed
        450 10 USI/mark: The dollar traded with a downside bias this week, but no key technical levels were broken as market direction remained mixed. US$/mark traded from a high of 1.4948 on Monday to a low of 1.4730 on Thursday. It was trading at the 1.4780
        Source: Bank  -  450 words
      • Article
        Lock icon Deutsche Bank posts 15% profit rise in first half
        276 10 Bloomberg Business News [FRANKFURT] Deutsche Bank AG said its profit rose 15 per cent in the first half as gains in commission and trading profit offset a decline in interest income and increased provisions for bad loans. Germany's largest bank said
        Bloomberg Business News  -  276 words
      • Article
        Lock icon Lloyds TSB's interim profit rises 12%
        135 10 Bloomberg Business News [LONDON] Lloyds TSB Group pic's first-half pre-tax profit rose a slightly better-than-ex-pected 12 per cent as profits from its financial services for individuals soared. Britain's largest domestic bank said profit before tax was £1.141 billion (552.5 billion), up from £1.021 billion
        Bloomberg Business News  -  135 words
      • Article
        Lock icon Euroyen firms in listless trade
        233 10 wm Report Reuter (SINGAPORE] Simex Euroyen futures ended firmer after a session of listless trade as the absence of fresh factors dampened activity through the day. "Unbelievably dull is about the best way to describe trading," said one dealer. "It's been a very long week
        Reuter  -  233 words
      • Article
        Lock icon CURRENCY REPORT
        162 10 Reuter AFP f THE dollar conceded to a surge in the mark crosses as the high-yielders continued to be battered after Thursday's steady German repo, but trading was otherwise lacklustre ahead of the weekend, dealers and analysts said. The mark climbed above 1,030 lire for the first time
        Reuter; AFP  -  162 words
      • Article
        Lock icon Oil slips as traders await fresh Iraq news
        315 10 ENERGY REPORT Reuter (LONDON] World oil prices slipped back in thinly traded volumes yesterday as dealers awaited any fresh news concerning current wrangles between Iraq and the United Nations over a limited oil-for-food deal agreed in May. World benchmark Brent crude oil
        Reuter  -  315 words
      • Article, Illustration
        Untitled
        1388 10 DfTBRBAlfK CROSS RATBS Jul 26 --ggpA> C$ !■> ECU Fir 9m V MS H2$ttH» Nw S$ >Mi SIT WTS Hm* J fctttraOa 1103 4170 0.618 1941 1.161 4090 24l<|bl00 0153 l4» 1961 1130 ***** gUP U> 3SB OUT ftlg 1M23 CM* 0.923 4.057 Un JiX UR 5.622 25.975 ***** 0.7W
        1,388 words
    • Article
      COMMODITY PRICES
      1640 11 8I00M FUTURES Jul 26 MJRttt Nni(M|f at SJQpa) «ssic«rnucT(ScwtiAf) am Mw Qf* Mwttfc Wjk i— S«tt (tows) totrwt taf* 188.50 188.90 188.50 SO 275 S«9 96 190.00 190.00 190.00 «0 900 Oct 91 193.00 ***** ***** 450 3575 MOV 96 19X00 ***** ***** 250 3475 Ott 98 *****
      1,640 words
    • Article
      Lock icon TOKYO
      1660 11 Reuter PjgMMS ♦24L01 STOCKS ended sharply higher to end a volatile week which saw the key index experience its two biggest point drops this year, brokers said. But they said they were sceptical about share prices continuing their recovery next week. The 225-share Nikkei Average gained 241.06 points at
      Reuter  -  1,660 words
    • Article
      WORLD STOCK MARKETS
      2385 11 LONDON '.V MM tofrlllMl Hk» *h A. A. Carp Adr 57 -3/4 ABPorts 269 +7 AbOay National 556 7 AIM Lyons 4211/2 -8 1/2 Am* 97 *4 a I 346 Croup 1131/4 -11/4 BAT M 492 -4 WCC 319 3.160 BOCGroup 9111/4 -5 3/4 BRPdtroloum 580 -6
      2,385 words
    • Article, Illustration
      Lock icon HONGKONG
      1687 12 Bloomberg Business News CI Hang Seng -L4O STOCKS closed mixed yesterday, retreating from early gains, amid concern that a rise in interest rates will snag property prices. Investors are still cautions about high US bond yields despite signs the US economy isn't growing fast enough for Federal Reserve policymakers
      Bloomberg Business News  -  1,687 words
    • Article, Illustration
      Lock icon CHINA
      645 12 Reuter Q Shanghai B Share Index -0.53 SHANGHAI'S B Share Index ended down on profit-taking in Shanghai Lujiazui. The index lost 0.53 point to 50.58 on volume of 14.7 million shares worth US$5.4 million. Shanghai Lujiazui fell U550,026 to U550,774, on volume of 1.7 million shares after successive gains
      Reuter; Source: Credit Lyonnais Securities (Asia) Ltd  -  645 words
    • Article
      Lock icon TAIPEI
      335 12 Reuter QwPlafcx +IM3 SHARE prices finished higher as investors pursued electrical issues. Lagging high-technology stocks got a boost following overnight gains on Wall Street, said a trader. The Taiwan Stock Exchange Weighted Price Index rose 19.63 points to 6,053.70. Turnover was 687 million shares worth NT522.75 billion. compared with
      Reuter  -  335 words
    • Article, Illustration
      Lock icon JAKARTA
      784 12 AFP n Composite Index -714 SHARE prices closed 1.3 per cent lower in modest trading on broad-based profit-taking largely by local investors. "For the most part, the locals' view is pretty much short term; mostly trading rather than investing," said a dealer. The JSE Composite Index dropped 7.14 points
      AFP  -  784 words
    • Article, Illustration
      Lock icon BANGKOK
      838 12 AFP n SET Index -8J73 SHARE prices fell 0.8 per cent in heavy trading. The market recovered from a 3 per cent drop during the morning in an afternoon rebound. "The telecom and banking sectors were hit hard in morning trading, with the market down 35 points. Local bargainhunting
      AFP  -  838 words
    • Article
      Lock icon MANILA
      354 12 AFP fl Manila -22.66 SHARE prices fell as the bourse was depressed following a poor interim profit performance by San Miguel Corp. The PSE Composite Index fell 22.65 points to 3,064.6. Turnover was 15.5 billion shares worth 2.3 billion pesos. San Miguel A gained 50 centavos to 38 pesos
      AFP  -  354 words
    • Article
      Lock icon SEOUL
      421 12 AFP P Composite Intel -421 SHARE prices closed lower, with blue chips the target of heavy selling on concerns over an economic slowdown. The Composite Index closed down 6.26 points at 814.03, its lowest finish this year. Turnover was 23.7 million shares worth 500.8 billion won. However, risers beat
      AFP  -  421 words
    • Article
      Lock icon SYDNEY
      605 12 AFP flAllOrimtriM *27J INVESTORS took heart from strength on Wall Street and pushed shares higher. The All Ordinaries Index closed 27.9 points higher at 2,143.0. Turnover was 291.3 million shares worth A 1971.4 million, rising stocks outnumbering falls 507 to 333. Among blue chips, resources giant BHP rose 45
      AFP  -  605 words
    • Article
      Lock icon WELLINGTON
      281 12 Reuter V\Wellington *2L31 A GAIN in Telecom drove shares higher on moderate turnover. The NZSE-40 Capital Index added 21.36 points at 2,122.20 on turnover of NZ$4O.9 million. Telecom was up 15 cents to NZ$6.5l. —Reuter MM C008I AN2 Banking 7.05 -0.15 5067 Advantages HWg$ 1.50 -0.04 ***** Air Nn
      Reuter  -  281 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks still suffering from selling fever
        7948 13 Bloomberg Business News DCompoatt Index -8.74 STOCKS fell for a fifth day yesterday, amid speculation that Prime Minister Mahathir Mohamad was seriously ill, investors said. "I've heard the rumours, but I think it's just an excuse to sell down the market," said a fUnd
        Bloomberg Business News  -  7,948 words
    • WARRANTS&OPTIONS
      • Article
        UOL 2001 wrts worth looking at
        3691 14  -  WARRANT WATCH -By R Sivanithy SINGAPORE property counters have had a bit of a rough time lately, but surely by now, the worst must be over. In the case of United Overseas Land, the shares have been battered to their 52-week low of $2.38
        3,691 words
    • Article
      CLOB INTERNATIONAL
      2309 14 MALAYSIAN STOCKS Cr Or 1996 Last Vol Day Last Ouot* 0«v Otv VM Mat M Cap Htfh law Stno Con+ny m COOO> HHIl Law 8uyac >—r CNt P/C S«n« 625 378 ms 5000 AIS850c 378 SC -6 13 382 378 378 382 5.0 4.9 0.4 77.9 387.7 t19
      2,309 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1278 15 TURNOVER (*000) VAlUf COQO) mi» c—» Til Mm OH> TlWj WMvstrM 19,117 14.00* 33.125 60,3* 2*444 8*840 fiMnci 6.744 3.288 10.036 HJH OS31 70,810 Hot tit 578 2M 834 1.617 430 2.047 Pr«wrtto 4,393 24,234 28,627 23,071 39.049 62.120 Plantation 643 643 1.647 1.647 Mntof 321 321 882 882 BLW
        1,278 words
      • Article
        MAIN BOARD
        4605 15 Or Gr M Wt 1996 Last Vol Day Last Ouata Dlv Oiv Y* MM Cap Avg HiqA Law S«Wa Cii>i»y Ml COOO> W» L— Bwyar Ufr Pw Pit U Wtl INDUSTRIALS 5146 ASENT$10 200 US- 214 165 1258 AcarSOc US180 -1 126 184 180 180 184 S.ON 7.5
        4,605 words
      • Article
        SESDAQ
        908 15 Cr C4 M Wt ItM Last Vol Day Last Owti CWv Mv VI# Mat Ca» A** H» L— «tW» Ciw>n> Ml COOOt H» L— liw «—m CV M W Ww tttftftfl 289 190 2000 ABRHKXJJSC 191 -14 179 200 190 '88 >91 3.0 14 2 0.1 119.4 84 9
        908 words
      • Article, Illustration
        HOT STOCK
        73 16  -  Paul Leo KIM ENG 's two-cent fall yesterday to 11.17 has pushed the RSI into oversold territory. But investors are advised to wait and see how the action unfolds before jumping in. Average Movement Index is suggesting further downside and the stock may head towards the next support
        73 words
      • Article, Illustration
        Amcol saga and rumours unnerve skittish market
        904 16  -  STOCK MARKET COMMENTARY STII's last-minute gain viewed with scepticism as falls outweigh risers four to one; institutional downgrading adds to woes By R Sivanithy [SINGAPORE] Institutional downgrading, rumours about the health of Malaysian Prime Minister Mahathir Mohamad and the spillover effect from the
        904 words
      • OK THE GRAPEVINE
        • Article
          Clueless
          120 16 HERE is how a conversation between a BT reporter and someone in the audit department of Tan Choon Chye Co Public Accountants went yesterday. (Tan Choon Chye is the external auditor of Funai Electric Singapore, the Amcol associate company which was alleged to be mismanaged). BT: "Can you tell
          120 words
        • Article
          Clueless too?
          162 16 ANOTHER Amcol tit-bit. On Jan 31, newspapers reported that Sukamto Sia had joined in the tussle for the control of the trading and property group. He had bought a 6.66 per cent stake from Kang Hwi Wah at $4.50 a share or a total of $90 million. It
          162 words
        • Article
          Kang's 'impresive' nephew
          128 16 KANG HWI WAH's nephew, Keng Kok Boon, also known as Kelvin Keng, had an "impressive" career progression at the Amcol group, according to Price Waterhouse. He started out as a sales executive in Amcol's subsidiary, Sankei Pte Ltd, in 1991 and within three years, had been promoted
          128 words
        • Article
          Saved by the dilly-dallying
          84 16 ONE stockbroking firm was saved from the ill-effects of the Amcol fallout by its own tardiness. An inside source told us that the firm had offered to lend $15 million to Sukamto Sia for his purchase of Amcol shares. "But by the time our credit committee
          84 words
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      169 7 A FREEHOLD HOUSE I iw Jw _jgß 'jj i El Iff 'rt I g jL n witiiiv v vim or =^>2 BUCKINGHAM PALACE FOLLOWING TIIK PHENOMENAL SUCCESS OF THE PHOENIX Wl, REGALIAN PROPERTIES ARE PROW) TO PRESENT BALVAIRD PLACE SWI aixury features include: I 1,2,3,4Ac5 BEDROOM HOUSES State-of-the-art air conditioning
      169 words
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      Page 8 Advertisements Column 1
      738 8 Efcw/C OUT FOR FOOD OPPORTUNITIES IN CHINA r ,n JK I Lianhe Zaobao 28/7/96, 1 Advertisement in Lianhe Wanbao 29/7/96, 1 xjlMi on-going for '20 years and is transferable to your future generations ana next-of-kin. Make the right choice The opportunity is also suitable for all nationalities and people from
      738 words
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      54 12 r— Express French style. PA R Waterman Le Man r% V Individually numbered, with a solid 18k gold nib. 11/' y Designed with the elegance that is the signature of Paris. V f L'expression personnelle. Guaranteed for life. I Available at all department stores and pen specialists. For more information
      54 words
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      43 13 When the Market qets Going. the Savvy go £URF!N£ Keep track of the latest Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet I KT TFWn BUSINESS CENTRE YOUR ONE-STOP SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION
      43 words
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      Page 14 Advertisements Column 1
      141 14 w 0 ww fflffll' i jg» Singapore Handicrafts presents the splendour of the majestic rosewood. InSDirCO V\ SL j'ffiPl I tIW?- Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's 4/ IjjLwwpp 1 i leading rosewood specialist. A rosewood masterpiece with its refined lines and
      141 words
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      24 15 I— II I ■■■■■II irnppM pi —I I^l—w— I 0 —j)\ ROLEX I i /M AT ROY EASTERN WATCH /J. I i j! I
      24 words
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      Page 15 Advertisements Column 2
      141 15 To SPH AudioTex 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 I )12 months [J 6 months Q 3 months at 5560.00
      141 words
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      305 16 BUSINESS Notices r o \i)\i:k t i s i: c\i, 1. r o I.i. -iu i i ismi-74i iss 3 > SINGAPORE REINSURANCE CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RENOUNCEABLE RIGHTS ISSUE OF 28,056,100 NEW ORDINARY SHARES OF $1.00 EACH ("RIGHTS SHARES") IN THE CAPITAL OF SINGAPORE
      305 words
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      Page 16 Advertisements Column 2
      342 16 [notice of dissolution of partnership! This is to notify the public that due to business expansion of the practice, the partnership of RSP ARCHITECTS, PLANNERS ENGINEERS having its place of business at IS Scotts Road #07-00 Thong Teck Building Singapore *****8 is hereby dissolved with effect from the Ist day
      342 words
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      Page 16 Advertisements Column 3
      402 16 Singapore Closing Share Prices 26/07/1996 CLOSE PREV LOW HIGH t uss uss uss uss All I/# Jardine Matheson 6.30 6.10 6.20 6.30 FfflUVI Jardine Strategic 3.08 2.96 2.98 3.12 I lAOQAf i Dairy Farm 0.76 0.76 0.76 0.77 Hongkong Land 2.10 2.14 2.10 2.19 ■■■nHI Mandarin Oriental 1.33 1.36 1.29
      402 words
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      Page 16 Advertisements Column 4
      173 16 The' 1 Business Times Paster. 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
      173 words
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  • USERS Trends
    • Article, Illustration
      Lock icon The PLA: soldiers of fortune?
      1186 17  -  James Mnivenon disentangles the myths and realities of the Chinese military's participation in commercial activities James Mulvenon James Mulvenon is a consultant on Chinese military affairs to the Rand Corporation, Santa Monica, California. IN recent years, the commercial activities of the Chinese People's Liberation Army
      REUTER  -  1,186 words
    • Article
      What Myanmar needs is a subtle approach
      1133 17  -  ASXAM-STTIiE CONSTRUCTIVE BNGAGBMBMT Cnhmlmg mcranoiul reforms in Vyimnar is the best way forward By, Jeff Kingston Professor Jeff Kingston is Director, Institute for Pacific Rim Studies, Temple University, Japan. JAPAN has shed its customary reticence and played a significant diplomatic role in dealing
      1,133 words
    • Article
      Beijing's realpolitik
      919 17  -  R°gi n nal states should stick together in their interaction with China By Robyn Lim Dr Robyn Lim is Professor of. International Relations at Hiroshima Shudo University, Japan. CHINA is at a critical point strategically, its focus having shifted from north to south. Hitherto a continental land power,
      919 words
    • Article, Illustration
      Whither the Indian diaspora in the 21st century?
      1144 18  -  Btuknio Asher examines the economic clout and future potential of the Indian diaspora Mukul G Asher THE Indian diaspora, numbering between 15 million and 20 million, comprises individuals of substantial Indian ancestry dispersed all over the world. The diaspora exhibits a great
      1,144 words
    • Article
      Other indicators of port's productivity
      356 18  -  LETTER John Lim 1 Assistant Director, Corporate Communications, Port of Singapore Authority I REFER to the article by Robert Schwartz titled "Port of Singapore faces competition", which appeared in the June issue of Trends, and would like to make the following clarification. The author asserts
      356 words
    • Article
      Taking a glimpse into an uncertain future
      1048 18  -  BOOK REVIEW Theeodsof the earth: a jonrney at the dawn of the 21st century By Robert D Kaplan New York: Random House, 1996, 482 pages By. Amyn B Sajoo Dr Amyn B Sajoo is an independent consultant based in Vancouver. IMAGINE an air-conditioned
      1,048 words
    • Article, Illustration
      Lock icon Balance between stability and reform
      1239 19  -  BoangMgoo Nguyen analyses the political leadership profile arising out of Vietnam's Eighth Party Congress Hoang Ngoc Nguyen Hoang Ngoc Nguyen is an analyst based in Ho Chi Minh City. Notwithstanding the current triumvirate leadership of SecretaryGeneral Do Muoi, President Le Due Anh and Prime Minister
      REUTER  -  1,239 words
    • Article, Illustration
      Lock icon Trying to figure out the elusive Pol Pot
      953 19  -  What has happened to the "mild-mannered former school teacher"? By. David Chandler Dr David Chandler is the Director of the Centre for Southeast Asian Studies. Monash University, Australia. REPORTS of Pol .Pot's death from malaria in early June have been confirmed and
      REUTER  -  953 words
    • Article, Illustration
      New mission for former US bases
      1663 20  -  Joaquin x> Gonzalez m looks at the transformation of Subic Bay and Clark Air Base to hubs of economic activity Joaquin L Gonzalez III Dr Joaquin L Gonzalez 111 is a Fellow with the Department of Political Science, National University of Singapore. AS growth
      1,663 words
    • Article, Illustration
      Lock icon A Japanese security role in South-east Asia?
      1235 20  -  There are several scenarios that could lead to a Japanese security role in the region By. Lee Poh Ping Dr Lee Poh Ping is Professor at the Faculty of Economics and Administration, University of Malaya. THE recent visit to Japan by American President
      ALI YUSOFT  -  1,235 words
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      239 18 Trends A t'nUilv pubticmon oI the Imomig o( SoutteH Artm StudH» The Publication Editors-in-chief S. Rajaratnam Chia Siow Yue Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow Easiness Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo
      239 words
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      Page 18 Advertisements Column 2
      18 18 Dr Mukul G Asher is Associate Professor of Economics and Public Policy at the National University of Singapore.
      18 words
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      271 19 ISEHS NEW RELEASES State of the Nation: Thailand SucMt Bunbongkarn V This interpretative study of Thailand is the first publication in the Southeast Asia "State of the Nation" Monograph Series, v While each of the countries is fast acquiring the status of v newly-industrializing economies in the 1980s and *****,
      271 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Vietnam's new leisure deal
      1679 21  -  Expats have never had it so good in Vietnam, thanks to the golf courses, resorts, fitness clubs and pubs that have sprung up over the past three years. But is this happening at random, or is there a method behind the sudden profusion of leisure-related projects?
      1,679 words
    • STRAWS In The Wind
      • Article
        Letterman's Olympics
        62 21 TIRED of being inundated by the Olympics news coverage, not to mention all those superfit athletes taking part in Atlanta? Check out Dave Letterman's list of rejected Olympics events: Hide the javelin. Tackle the French guy. Speed blinking. Trouser hockey. Synchronised shrugging. 100-metre dash with a fat guy
        62 words
      • Article
        First things first
        30 21 HERE'S a quote from Olympics contestant Jeannie Longo-Ciprelli, a cyclist from France. "I want kids," she said, referring to her life's aspirations. "First, I need a date."
        30 words
      • Article
        Bad angel
        107 21 HERE'S a story about gratitude from the New York Times: Her husband had been slipping in and out of a coma, and she stayed by his bedside despite the many days he did not awaken. Suddenly, he motioned her to come nearer and said: "You have been with
        107 words
    • PROFILE
      • Article, Illustration
        Lock icon The businesswoman's friend
        1494 22  -  Banker Gracy Choo, who heads the Singapore chapter of Women for Women Foundation (Asia) Inc, has very clear ideas about the direction she would like the association to take. She discusses her objectives with ooh hwee lemo and also has some advice for working mothers GOH HWEE
        CHRIS LOH  -  1,494 words
    • LEISURE
      • Article, Illustration
        A duality of influences
        1024 23  -  Singapore-born painter Wong Keen is back for a solo exhibition after 35 years in New York. bhn MUWtOE previews the show BEN MUNROE Awesome, soulful and alluring, New York has been the bright centre of the arts for the past five decades at least. For the
        1,024 words
      • Article, Illustration
        Lock icon Making a lasting impression
        496 23  -  DRIED FLOWERS G&ils of Tamahere has been doing so well it is now a tourist attraction in Hamilton, New Zealand By[ Goh Hwee Leng IF YOU have a special bouquet of flowers that you would like to preserve, professional florist Gail Jones has this advice for
        AUDREY PERERA  -  496 words
    • Article
      More than mere business sense
      515 24  -  TELEVISION Money Money Money demonstrates that real debate is not beyond the parameters of the average financial magazine By. Kevin Sullivan MONEY Money Money (Mon-Fri, 2pm, Premiere 12), a production of the American cable network CNBC, is a lively little sleeper. Genial presenter Dalton Tamanaka
      515 words
    • Article, Illustration
      Memories aren't made of this
      565 24  -  CINEMA Unforgettable is a film with a terrific premise, bnt director John Dahl somehow manages to tnrn it into a two-hour bore By\ Holly Harrison IT IS generally considered a gamble to take an actress whose claim to fame is playing sexy, tough-talking roles (think
      565 words
    • Article, Illustration
      Lock icon Where the fun never stops
      458 25  -  NIGHTSPOT Forget about having a quiet drink at Buzz it's a place where yon should let your hair down and go with the crowd By. A Surendren I WAS looking forward to some quiet time last weekend. I wanted to go for a quiet drink,
      PHOTOS BY ARTHUR LEE  -  458 words
    • Article, Illustration
      WHAT'S ON
      444 25  -  Compiled by Holly Harrison CHARITY A Night Of Tropical Fantasy Enjoy a night of tropical splendour and help in the fight against Alzheimer's Disease by reserving your tickets now for a Charity Ball sponsored by the Soroptimist International of Singapore. Aug 23at 9pm at the Orchard Hotel's Grand
      444 words
    • EPICURE
      • Article, Illustration
        Choice cheeses from the House of Gildo Ciresa
        611 26  -  RESTAURANT Go to Ristorante Bologna for fresh Italian goat's cheese, buffalo mozzarella and even a creamy gorgonzola for cowards By, Jaime Ee AS THE resident chef of Ristorante Bologna for some eight months now, Giovanni Ciresa is in a somewhat enviable position,
        611 words
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        Hotel-style hawkers
        581 26  -  For a hawker meal without the mess, you can't go wrong at Ah Hoi's Kitchen, the new poolside restaurant at Trader's Hotel, jaimb be picks out some winning dishes JAIME EE Everybody seems to love Ah Hoi's Kitchen. Right down to the swarm of wild Malaysian bees that
        581 words
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        How to entertain with wine
        914 26  -  WINE CONNOISSEUR As wine-drinking becomes increasingly popular, Singaporeans are beginning to realise that there is a right bottle to go with every cuisine By N K Yong DRINKING wine, whether with meals or just for the simple pleasure of tasting fine and rare bottles, has
        914 words
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      CINEMA
      1076 27 Affairs. Richard Berry. Karin Viard and Vincent Cassell star ml. a film about the love games people play. R(A). Lido: 11; 1.30; 3.30; 7.30; 9.30. Oriental: 3.30; 5.30; 9.30. Amttyrllle DoUhooae. Just when you thought they'd finally flfljjT ished the whole evil saga, the Amityville horror returns. Lido; 1;
      1,076 words
    • TRAVEL
      • Article, Illustration
        Lock icon Nature's hot spots
        1345 28  -  The Rotorua region of North Island is a place of thermal wonders with its roaring geysers and bubbling mud pools. audbbtpbrbba takes the waters in the natural spas of New Zealand AUDREY PERERA IF YOU thought the spa resort was a luxurious new phenomenon, think again. The
        AUDREY PERERA  -  1,345 words
      • Article
        Facelift for Air New Zealand
        238 28 NEW ZEALAND'S national carrier, Air New Zealand, is currently at work on a NZ$5O million programme called Pacific Wave that will see visible changes throughout the airline's operations, from new livery and interior colour schemes to refurbished passenger cabins, more comfortable seating in all classes
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      9 21 Profile Gracy Choo, president of WOW EL 2 r
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      85 21 Travel Nature's hot spots in New Zealand EL 8 x__ OYSTERS $1.50, FRESH FROM THEIR BEDS AT THE REGENT. From now until the end of September, we're flying in succulent fresh oysters and serving them up at just $1.50 a piece. Sounds incredible? So are the oysters. After all, they've
      85 words
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      77 22 foreig^SSrt^ S I Cerebog; m CJMt takeoff? Ir; f n£J Essence I Makingmoney o>Stability Fj p^y°" f fe I B M I BUSINESS I jjjjjjfct. r: mm I«§,ijg suiyyzH^i fif>i? jflffCii J1 ffiSKi H i£n iiiffii iSnBI' jiA ml fill Jsembawanr,■ the Peter Lynch' will US Available at Newsstands NTUC
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      Page 22 Advertisements Column 2
      75 22 9 VV /.i ■<* Omem School. Krchen wmtrcakm and budycotow over pencil. 3U a 50.4 cm. cwca 1100 Mementoes Of The Middle Kingdom China Trade Paintings from the 18th and 19th Centuries Friday 25 July 1996 to 7 September 1996 10.00 am to 6.00pm Monday to Saturday Exhibition for sale
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      25 22 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 1800-749-2577. l
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      35 23 After Thirty Five Years in New York is at Takashimaya Gallery from Aug 3 to 11. After that it moves to Shenn's Fine Art until Aug 28 I Ira ic 1 -JSe _t_ i_ I
      35 words
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      96 24 "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." Prom 11.30 am* 2.30pm SO COME AND HAVE THE PLEASURE OF CURUNG YOUR TASTE BUDS AROUND THESE XIAMEN DELIGHT? iVB jK'' Xiamen
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      6 24 Opens Aug 15 at Shaw theatres
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      764 25 Buzz Entertainment Bar 88 Circular Road Singapore *****9 Tel: 536-9557 Where to wine, dine and entertain aaaaaaaaaaaaaaaaaaaaaaaaa Magical /ufi& toffee house WEEKEND r^y j Jt'i a celebration! J Delight the kids with a treat this weekend "Hocus Pocus" and Sgs, spell bind them with a mouthwatering goodies. w*My "wSE [MAGIC
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      Page 25 Advertisements Column 2
      101 25 J. ■■sun nsHJt Bunrr /S/ /S/ REVOLVING RESTAURANT Per reservations please calf 831 6258/9 ifr 333 Orchard Road, Singapore *****7. Tefc 737 *411 sTTfce Chinese Art of Healthy Eating" ifii* IjHK m■ m H A wide array of delicious herbal specialities prepared with the best selected herbs to enrich the
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  • Page 27 Miscellaneous
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      Page 27 Miscellaneous Column 1
      2229 27 TODAY'S TV RECOMMENDED VIEWING RwbUpMß- fli ikatan' 2 6.°° AM Live from Atlanta: Tam| Movie Marriage on f!r t S ehaBiUBt |V-'v V 5 moved into. 7.00 Atlanta Olympics High ft amh! thp rooks lights (L). 1 MBfl AM Close Sweet Valley High, 2pm, 730 t g n Swlm HW
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      145 28 ONE FAX WILL TAP YOU INTO HOTELS AROUND THE WORLD. No matter where you're travelling to, let the Tradewinds Accommodation Plan ensure you the best quality accommodation. Whatever your budget, wherever you travel, our extensive network offers you the most exclusive hotels at special prices. Just call or fax us
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      26 28 Air New Zealand flies to Auckland from Singapore five times a week, with extensive domestic connections through Us subsidiaries Mt Cook, Eagle Air and Nelson Air.
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