The Business Times, 27 September 1997

Microfilm: NL20901
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 023/12 MS SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, SEPTEMBER 27-28,1997
    14 words
  • Article
    MARKET SUMMARY
    34 1 K 9BX DSSm 12.58) J I A PH% ChaogB +10.48 fflKKH I7JM71 417* HAW WW *****7 >7488 SCTINWEX \£uax M8 MKMtTA OOKr —Mtst 4M IUMW00IIP _2J»78u2.HILH flWm —-7t8i IwT 35^Hf u iSSS
    34 words
  • Article
    FINANCE
    49 1 u» St m —tsa] f u» 1*4 M 1*71—-MM TEN Ml—. tK7 IJH i &—rratdg HJUir M» :M4t mmim un uti BKlmbwi —111 SSB^==z=H! MANILA SsS 1160 IHWMIIU. r Ml 9N SYDNEY U( TOKYO 111 ■IM J Zl875 «AWFU«r~ 4jU L0NB0N Ut NEWYDKX 1 Ml (Source: NatWest Bank)
    49 words
  • Article
    Thailand braces for massive layoffs as crisis bites
    572 1  -  Construction sector may be hardest hit dne to property market collapse From] Harish Mehta in Bangkok THAILAND'S finance-sector elites as well as its blue-collar workforce are bracing for the country's worst layoffs. Anywhere between 180,000 and 2.9 million of them could be
    572 words
  • Article
    DBS Land, Far East offer novel discount to HK buyers
    456 1  -  Bnt analysts warn plan may pnt great pressure on developers'cash flow By\ Diana Oon [SINGAPORE] DBS Land and the Far East group are offering Hongkong buyers an innovative discount to buy their newly-launched Casafina condominium in Bedok South. They propose
    456 words
  • Article
    Lock icon HK drops English in schools
    272 1 AFF [HONGKONG] The Hongkong government has decided to ban English as the main teaching language in schools and school principals who refuse could be jailed. The education department announced yesterday that schools will start teaching in Cantonese from next year, despite the opposition of many
    AFF  -  272 words
  • Article, Illustration
    Gallop Gables tender sale gets lukewarm response
    407 1  -  By, Jenny Lam [SINGAPORE] The tender to sell Gallop Gables condominium has drawn a lukewarm response with about 100 bids received for the 102 units available for sale. "After discounting the unreasonable bids, the figure was reduced to over 55 bids which were
    407 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      45 1 ftinrliL riitiii i gmt fIMNB BMB Tile Kuok Group's retail arm, which has been t i Pbom uncKr j ucucifli Full-year earnings NET(Stei) CHANGE Lum Chang 19.0 -4 Interim earnings Ventore 15.9 ■ftn 1 rqfcrt^on jUUJITIIIITw 3 TV EL7 COMPANIES 7-9 COMMODnTO 11 ~L>. Jf-
      45 words
    • Advertisement
      Page 1 Advertisements Column 2
      88 1 <1 OMifc -Jc*n RBUTBR Garnda jet crashes [JAKARTA] This is all that's left of the Indonesian Garuda passenger jet which crashed yesterday in northern Sumatra. State TV said all 234 passengers and crew on board were killed in what was described as Indonesia's worst air disaster. The plane went down
      88 words
    • Advertisement
      Page 1 Advertisements Column 3
      42 1 X €B€L the architects of time H Ebel launches its latest Sportwave Collection Singapore/Malaysia Indonesia Siber Hegner (S.E.A.) Pte Ltd Tel: (6s) 274 2333 P.T. Andilan Sejahtera Tel: (6221) 612 0780 Siber Hegner (M) Sdn Bhd Tel: (603) 24$ 1788 k ij
      42 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Lock icon Kuok Group's troubled retail arm may be wound up
      516 2  -  Creditors of KRC said to be divided over repayment scheme By Carol Eng THE Kuok Group's retail and leisure arm, Kuok Retail Concepts (KRC), could be wound up. The company, 50 per cent owned by Kuok Singapore and which used to
      FILE PHOTO  -  516 words
    • Article
      S'pore 3rd favourite investor market in Asia: survey
      335 2  -  Byi Clarissa Tan SINGAPORE has come in third among institutional investors' favourite markets in Asia, according to a survey by New York-based consultancy Gavin Andersen Company. It garnered nine mentions, from the 41 institutions, including JP Morgan Securities and Rothschild Asset Management,
      335 words
    • Article
      Get SPH's book on SM through Internet
      169 2 SINGAPORE Press Holdings (SPH) is selling its first product on the Web using the Secure Encrypted Transactions system. Internet users around the world can fill in an order form for Lee Kuan Yew: The man and his ideas on the Straits Times Interactive
      169 words
    • Article
      Royal Brothers case postponed
      125 2 THE second pre-trial conference involving the Royal Brothers graft case, which was scheduled for yesterday, has been postponed to Oct 9. Both sides "were not ready to take trial" yesterday, said Deputy Public Prosecutor Muhammed Hidhir. The court hearing date, originally set for Nov 24, will
      125 words
    • Article, Illustration
      Lock icon S'pore urged to emulate, not imitate, Silicon Valley
      433 2  -  It can grow into high tech hotbed in its own way, TechVentnre conference toM By' Toh Han Shih SINGAPORE should not imitate wholesale Silicon Valley but could adopt some of its good points, say participants of a technology and venture capital conference,
      FILE PHOTO  -  433 words
    • Article
      PSI likely to stay under 100: ENV
      202 2 THE average 24-hour pollution level in Singapore is likely to stay below the 100 PSI mark. And even if the index hits 200, it is unlikely to last more than two or three days at a stretch, the Ministry of Environment said yesterday.
      202 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      98 2 The Hilton-British Airways Playhouse^^HH^l presents Jane How Pamela Cundell Sarah Alexander A in William Douglas Homes' I hG Greatest Comedy Success... 1 110 V the quintessential man!"J UOpPptßiO extremely witty" Vlj \J II *V jDFd Directed By Roger Redfarn Designed By Terry Parsons *roduced By Derek Nimmo October 8-15 Venue:
      98 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      280 2 THE WEATHER TUnpni ii Moderate to thick haze. Temperature (31-25) 35==E B 5 1 —S iiEr™ —"E a*. s*ll 22 a 235. a gy sZ 3 22 www MM am Sm* MeowCHy UfU Ckmtj Own 14*7 Sh* ta) a® an* om nm an* *»Y«t tv\t <**i !SS. 1 11/13 <*•*
      280 words
Page thumbnail Page 3
  • FOCUS: PERSONAL FINANCE & INVESTMEMT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        627 3 Those polled for their views on the Singapore stock market outlook for next week were: BZW, Daiwa Securities, DBS Securities, Fraser Securities, GK Goh, Hoare Govett ABN Amro, Nomura Securities, SBC Warburg. OCBC Bask ♦(Boy) BZW Pacific Union, Sept 24, $10.10 (foreign), $8.20 (local) Group shareholders' funds
        627 words
      • Article, Illustration
        In My Opinion
        421 3  -  *sr Ong Chin Huat cSSeUhraSiw Reaerch A Development (GBRD), National university 4411 ir ANY forecasts had IVI been off the actual I.IX second-quarter growth of 7.8 per cent. This has led one to wonder about the usefulness of economic forecasting in Singapore. In the first place, forecasting
        421 words
    • Article, Illustration
      Big prospects from small caps
      864 3  -  Small-cap stocks have been growing faster than bigger ones and two firms have just launched unit trusts to invest in them By I Shiv Taneja SINGAPORE SMALL can be seriously big when it comes to investing, and no one knows this better than the folks
      864 words
    • Article
      Picking stocks? Don't look for a foolproof way
      645 3  -  BasT^ to Basics By i Caroline Meakin The writer is manager of private client portfolios at Schroder Investment Management Singapore. Future articles in this fortnightly series will deal with managing investments, monitoring performance and how unit trusts work. [SINGAPORE] IF THERE was
      645 words
    • Article, Illustration
      Lock icon Bearish factors weigh down Jakarta stock market
      659 3  -  BTB OH THE REGION: INDONESIA Economists say Indon economy ma crucial transition phase Froml S N Vasuki in Jakarta PREDICTING the short-term outlook of the Jakarta stock market is proving to be an extremely risky proposition. As the currency crisis continues to savage
      FILE PHOTO  -  659 words
    • Article
      ACU DEPOSIT RATES Offered by various banks as at Sep 25,1997
      602 3 BanktfCMna flMHHMl 25.000 249.999 5.5600 ***** (Ml aaooo 500.000 is<oo i6soo 7.0600 10.000 49,999 4.0625 4.0625 4.0625 50.000 6 Mow 4.W75 4.W75 4.V75 5JrSL, 500.000 1U200 II1300 14.1300 mt 4.999.999 1U500 U2500 *****0 10.000 49.999 2.5000 2 5000 *****
      602 words
Page thumbnail Page 4
  • REGION
    • Article
      Indon growth seen slowing to 4-5% in '98
      657 4  -  JAKARTA Economists cnt ODP estimates for economy whacked by nqnah crisis, drought By S N Vasuki THE Indonesian economy is in the throes of a major slowdown as a weak rupiah, a severe drought and a tough austerity package wreak havoc on
      657 words
    • Article, Illustration
      Health report on Indon banks out by year-end
      282 4  -  SINGAPORE Moot of the 240 banks operating in Indonesia are welk By] Larry Wee DETAILS on the health of Indonesia's banking sector should be revealed before year-end, "hopefiilly sooner", said the governor of the Indonesian central bank yesterday evening. The majority of
      282 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1575 4 Cm FU6HT ETA FUCHT ETD M*mm 6A10 ooc —on- sow 2120 sow 1020 AMaMa am 1930 0F82 2055 »0 $0176 1105 S0229 2220 SOUS IMP WI740 MW IBM RJ187 0130 MW93 1110 MI894 0735 AMtWiM KL843 0455 6A890 0015 0125 0655 HIM 2300 S0977 1655 SOW!
      1,575 words
    • Article, Illustration
      Lock icon Rupiah dives to new low
      285 4  -  By] Larry Wee (SINGAPORE] The Indonesian rupiah dived 3 per cent to close at a record low of 3,125 against the greenback in Asian trading yesterday. Observers said following Standard Poor's downgrading of Malaysia's long-term credit outlook, regional currencies were pressured by fears that credit
      Source: Bloomberg  -  285 words
    • Article
      Lock icon Fires may hit rubber, palm oil output
      326 4 JAKARTA Reuter FOREST fires in Indonesia have spread to rubber and palm oil plantations and are likely to hit output, officials and traders said yesterday. Agriculture Minister Syarifuddin Baharsyah said 173 plantation areas were reported to be on fire, 73 of which had
      Reuter  -  326 words
    • Article
      S&P lowers Manila's credit rating outlook
      305 4  -  MANILA Change reflects falling prospects of an upgrade over the next few years By Al Labita STANDARD Poor's yesterday lowered the Philippines' credit rating outlook due to concerns over a flagging fiscal position, the peso's volatility and high interest rates. In a statement, the
      305 words
    • Article
      Only future ratings for M'sia downgraded: S&P
      357 4  -  By' Vikram Khanna [SINGAPORE] US credit rating agency Standard and Poor's (S&P) said yesterday that, contrary to some press reports, it has not downgraded its actual ratings on Malaysia's foreign or local currency debt. Its Thursday report only downgraded what it calls the
      357 words
    • Article, Illustration
      Lock icon Thai govt expected to survive today's no-confidence vote
      547 4  -  BANGKOK From Harish Mehta THAI Prime Minister Chavalit Yongchaiyudh's six-party coalition government is expected to survive a damaging noconfidence vote today, an hour after which parliament is expected to pass a new Constitution that aims to end money politics. But under pressure
      AFP  -  547 words
    • Article
      Japan to set up panel to hasten economic reforms
      442 5  -  TOKYO Stock market slides on fears of new economic recession after US criticism By, Anthony Rowley THE Japanese government yesterday moved to reassure the international community that its plans for economic deregulation and structural reform are still on track after US
      442 words
    • Article
      Lock icon Garuda crash: all 234 killed
      341 5 JAMBI Sarnda chief declines U say whether haze causes the accident AFP, Bloomberg, Renter ALL 234 people aboard a Garuda Airbus jet were killed yestefdav when the plane crashed in northern Sumatra, an area shrouded by smqg from forest Ores. A Garuda official said that
      AFP,; Bloomberg,; Renter  -  341 words
    • NOTE Book
      • Article
        Lock icon N Korean has US$10b tag on Japan ties
        88 5 AFP [TOKYO] North Korea wants US$lO billion (SHS-2 billion) damages from Japan for its colonial rule in eaGchmge for normalising ties, newspapers yesterday quoted the highest-ranking North Korean defector as saying. Pyongyang '"puts a top priority on receiving compensation money and the
        AFP  -  88 words
      • Article
        Lock icon S Korea passes 75.6t won budget
        71 5 AFP [SEOUL] South Korea's cabinet early yesterday passed a 75.56 trillion won (*****.4 billion) budget for 1888, a rise of 5.4 per cent over 1997, and sent it on to the National Assembly for approvaL Under the new budget, according to figures released by
        AFP  -  71 words
      • Article
        Lock icon Building blast kills 18 in cast China
        70 5 Reuter [BEIJING] A huge explosion ripped through a three storey apartment building in east China this week, killing 18 people and injuring two, local officials said yesterday. Initial investigations showed that workers were unloading fireworks from a truck and storing them in the
        Reuter  -  70 words
      • Article
        Lock icon HK's first Chinese National Day
        66 5 AFP [HONGKONG] Hongkong will mark its first Chinese National Day next week, with "a simple but solemn" flag-raising ceremony and a cocktail reception, a government spokesman said yesterday. Chief Executive Tung Chee-hwa will kick off the Oct 1 festivities by officiating at the morning raising
        AFP  -  66 words
      • Article
        Lock icon Japan securities firms deny merger
        54 5 AFP [TOKYO] Two Japanese medium-sized securities bouses, Kokusai Securities and Sanyo Securities, denied yesterday a Sankei Shimbun report that they are to merge. "The report is totally groundless," a Kokusai Securities spokesman said, adding it would hold a [Hess conference later in the day ruling
        AFP  -  54 words
      • Article
        Lock icon Rule won't hit China forex reserves
        62 5 Reuter [BEIJING] China's decision to allow firms engaged in foreign trade to keep some of their foreign exchange earnings will not affect the country's swelling reserves, a top foreign exchange official said yesterday. "It will not have any affect on the foreign exchange reserves,"
        Reuter  -  62 words
    • Article
      Lock icon Kia to be put under court receivership
      203 5 ■SEOUL AFP CREDITORS of South Korea's ailing Kia Group yesterday agreed to put the automotive group under court receivership before trying to salvage part of it or selling it off, the head of a main creditor bank said. The agreement was reached at
      AFP  -  203 words
    • Article, Illustration
      Lock icon Aussie perks scandal claims third minister
      487 5 CANBERRA Reuter AUSTRALIA's science minister resigned yesterday, the third minister to quit this week over wrong claims of travel allowances This has plunged the government of Prime Minister John Howard into a sudden and deepening crisis. The resignation of Science and Technology Minister Peter
      Reuter; AFP  -  487 words
    • Article
      Lock icon Kiwis say 'no' to superannuation plan
      164 5 WELLINGTON AFP. Reuter VOTERS in New Zealand have overwhelmingly rejected a plan for compulsory superannuation, results of a nationwide postal referendum released yesterday showed. The Electoral Office said 92.4 per cent of voters said no to the scheme put forward by Treasurer Winston Peters.
      AFP.; Reuter  -  164 words
    • Article
      Lock icon Myanmar activists hail Texaco pullout from project
      223 5 BANGKOK AFP US OIL giant Texaco's decision to sell its stake in an offshore natural gas project in Myanmar is a victory for the democracy movement in the military state, US-based Myanmar activists said yesterday. Free Burma, a non-govern-mental campaign network, hailed the
      AFP  -  223 words
    • Article
      Lock icon China hasn't done enough to join WTO: Rubin
      373 5 BEIJING US seeks greater market access as trade gap widens Bloomberg, AFP CHINA hasn't committed to opening its markets sufficiently for the US to back its entry to the World Trade Organisation (WTO), US Treasury Secretary Robert Rubin said yesterday. "On WTO,
      Bloomberg,; AFP  -  373 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      874 5 Freight Links Express Holdings Limited NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of to Company will be held at 62 Toh Guan Road, #05-00, Freight Links Express Distripark, Singapore *****1 on 8 October 1997 at 10.00 a.m. for the following purpoeee As Ordinary
      874 words
Page thumbnail Page 6
  • THE WORLD
    • Article
      Lock icon Kohl gives upon getting tax reforms before election
      463 6 BONN Reuter CHANCELLOR Helmut Kohl abandoned all hopes yesterday of repairing the creaking tax system before next year's general election after talks with the opposition collapsed, a reform which had been aimed at boosting Germany's international competitiveness. Mr Kohl's three-party coalition and
      Reuter  -  463 words
    • Article
      Lock icon US 2nd-qtr GDP growth revised downwards to 3.3%
      480 6 WASHINGTON But figure does not change the general picture that economy is still expanding Bloomberg THE US economy grew at a slower pace in the second quarter than previously estimated, though more up-to-date statistics suggest there's no end in sight to the
      Bloomberg  -  480 words
    • Article
      Lock icon US corporate profits up by revised 1.7% in 2nd quarter
      265 6 WASHINGTON Bridge News US after-tax corporate profits rose a revised 1.7 per cent in the second quarter to a seasonally adjusted annual rate of U*****.3 billion (*****.4 billion), the Commerce Department said yesterday. Secondquarter after-tax profits were previously reported as
      Bridge News  -  265 words
    • Article
      Lock icon EU, Korea see end to DRAM dumping rows
      226 6 BRUSSELS Deal for speedy resolution of disputes expected to be in place for five years Reuter OFFICIALS from the European and Korean electronic components industry yesterday said they had reached a deal for the speedy resolution of an-ti-dumping disputes. They also asked
      Reuter  -  226 words
    • Article
      Lock icon Russian reforms get Chirac's vote of confidence
      199 6 MOSCOW Reuter FRENCH President Jacques Chirac said yesterday that Russia's market reforms were "irreversible" and pledged Paris' support for the full integration of Moscow into the global economy. Speaking during talks with Prime Minister Viktor Chernomyrdin on the second day of his three-day
      Reuter  -  199 words
    • Article, Illustration
      Lock icon In accord with Honda
      49 6 [MARYSVILLE, Ohio] Thousands of Honda associates join Honda of America in celebrations to mark the start of the 1998 Accord sales at the Honda plant in Marysville, Ohio, on Thursday. The Accord is one of the top selling cars with consumers in the US. REUTER
      REUTER  -  49 words
    • WORLD
      • Article
        Lock icon Yeltsin signs law on region
        65 6 Reuter [MOSCOW] President Boris Yeltsin yesterday signed a law "on freedom of conscience and religious organisations", the Kremlin said, without further comment. The US had called the bill discriminatory, but supporters, including the powerful Orthodox Church, say it will help clamp down on the dangerous
        Reuter  -  65 words
      • Article
        Lock icon Europe urged to follow Bundesbank
        57 6 Bloomberg [BERN] The future European Central Bank should follow the Bundesbank in using money supply to set interest rates, chief economist Otmar Issing said. He said this would inform people about the bank's monetary policy and make it "easier to keep inflation expectations and the
        Bloomberg  -  57 words
      • Article
        Lock icon Israel shrugs off US criticism
        56 6 AFP [JERUSALEM] Israel yesterday dismissed US criticism of plans to expand a West Bank settlement. "There's no need to make such a sensation," Foreign Minister David Levy said. Meanwhile, the Palestinian Authority continued to crackdown on the militant group Hamas, a key US and Israeli
        AFP  -  56 words
    • Article
      Footsie soars on hopes of early EMU membership
      471 6  -  LONDON Surge in bond prices lifts market to new high: dealers By Neil Behrmann THE London stock market jumped to a new record yesterday on market expectations that Britain will join the European Monetary Union soon after it begins, likely to be
      471 words
    • Article, Illustration
      Lock icon UK govt blocks two arms deals with Indonesia
      427 6 LONDON Labour fulfilling pledge on human rights; move may cost jobs, warn business leaders AFP BRITAIN yesterday blocked two arms deals with Indonesia on humanitarian grounds, fulfilling a Labour election pledge to inject human rights criteria into foreign policy. But business leaders
      AFP  -  427 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      56 6 Auction of Porcelains/Ceremics Painting ■vmrmmew Hotel A,M Z r Z?MMfRoomI-3 Auction Auction*Aucikifk ~n JJZOiII Sept 1997 Auction Am: lien Auction Timer Warn-6 pm Auction Auction A net ton r Presentet'fyfWwg'* Gallery Ptf Ud (Receivers Appointed) Auctioneer: Raffles Fjiut Arts Auctioneers Ptt LtJ AliCi 101-ForEtuftJies iMr. Viang foo Wto /Mr. John
      56 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      37 6 DOOMESBPBY By Garry Trudeau COULP )OK f A CXmPtSTB M CALL THE \IATt FOR THAT.\ V- J I uttupous\ seiinaupn6\ \BY NOW, MY I. NBHSHTP- I BE WORTH fill 35 THAT COLLECTION &Ml MBNT COMJN6 TALK I
      37 words
Page thumbnail Page 7
  • COMPANIES & MARKETS
    • Article
      S'pore Technologies scraps govt's golden share in 3 units
      566 7  -  atSnCand ST Computer have also been lifted By R Sivanithy [SINGAPORE] Singapore Technologies has scrapped the government's golden share in three of its subsidiaries and removed shareholding limits at two of them. The company said yesterday that "the Special Member (the
      566 words
    • Article
      Crown C&S to close 2 M'sia plants
      313 7  -  dmremmm't affect its STpere a&Mriate (MB Asia Byi Carol Eng [SINGAPORE] US-based Crown Cork Seal Co (CCS), one of the world's leading packaging firms, will close two of its four plants in Malay sia by year-end. But its associate firm in Singapore, listed
      313 words
    • Article
      Lock icon Electronics stocks in S'pore fly
      464 7 Surge in US orders, industry rebound seen as imminent Bloomberg [SINGAPORE] Singapore electronics stocks soared after a surge in US orders for components and strong earnings from Elec Eltek International Co confirmed that the longawaited rebound in the industry is well on its way. "People
      Bloomberg  -  464 words
    • Article
      Good chance of new CEO putting Scotts back on track
      589 7  -  HOCK LOCK SIEW Conrad Raj IT has been more than two years since the Jumabhoy family squabble spilled into the public arena, causing concern, even anguish, to shareholders of Scotts Holdings. During that time, while other property companies have seen
      589 words
    • Article, Illustration
      Lock icon Why sharp rebound's not on the cards
      416 7  -  By Shiv Taneja, Ven Sreenivasan [SINGAPORE) Despite the local market's strong fundamentals, there is little hope for a sharp rebound in Singapore equities as long as regional markets remain in the doldrums, said Chin Ean Wah, managing director of Morgan Stanley Asset Management
      FILE PHOTO  -  416 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      216 7 THE MONETARY AUTHORITY OF SINGAPORE 9 AMOUNT OFFERED SGDISOMK) 9 9 ISSUE CODE N*****1T (REOPENED) 9 9 ISSUE DATE 9 OCTOBER 1997 Q 9 MATURITY DATE 1 SEPTEMBER 1999 Eg 9 INTEREST RATE 2.750 PCT l£ PRICE TO BE DETERMINED AT THE AUCTION 9 INTEREST PAYMENT DATES 1 SEPTEMBER AND
      216 words
Page thumbnail Page 8
  • REGIONAL COMPANIES
    • Article
      Lock icon Cheung Kong raises stake in Jardine Matheson to 4%
      539 8 Disclosure sends Jardine Matheson stock soaring as much as 7 per cent Reuter, Bloomberg [HONGKONG] Property giant Cheung Kong Holdings has raised its stake in Jardine Matheson Holdings to 4 per cent, Jardine company secretary Neil McNamara said yesterday. "We assume
      Reuter,; Bloomberg  -  539 words
    • Article
      Lum Chang profit down 4% to $19.6m
      236 8 [SINGAPORE! Property and construction group Lum Chang Holdings yesterday reported a 4 per cent drop in fullyear net earnings to $19.6 million and proposed a one-for-five bonus issue. Pre-tax profit rose nearly 10 per cent to $33.3 million for the year ended June
      236 words
    • Article
      SPC profit drops 28% on refining capacity glut
      170 8 [SINGAPORE] The regional glut in refining capacity has led to a 28 per cent drop in interim net profit for Singapore Petroleum Company (SPC). Its reduced net earnings of $14.96 million for the half-year ended June 30, 1997, came on the back
      170 words
    • Article, Illustration
      Samudera founder sees improved Indon shipping environment
      486 8  -  But company is looking beyond Indonesia for expansion From\ S N Vasuki in Jakarta THE founder of Samudera Shipping Line Ltd (SSL), the regional feeder company that is floating shares on Sesdaq, is optimistic that recent deregulation measures in Indonesia will improve the
      486 words
    • Article
      Venture net profit up aflat 4.8% in first half
      315 8 [SINGAPORE] Dragged down by a sluggish electronics industry, Venture Manufacturing posted a flat 4.8 per cent growth in net profit to $15.9 million in the first half year ended June. Turnover declined 6.9 per cent to $296.2 million due to "general
      315 words
    • CORPORATE Results
      • Article
        Hwa Hong profit up 6.5%
        53 8 [SINGAPORE] Hwa Hong Corporation has reported a 6.5 per cent rise in group net earnings to 18.4 million for the half-year ended June 1997. Turnover roee 15.5 per cent to $242 million. This was due mainly to the completion of two construction projects. No interim
        53 words
      • Article
        Goltron earnings plunge 24%
        63 8 [SINGAPORE] Goldtron has suffered a 24 per cent drop in group net earaingi to $6.6 million for the half-year ended June 1997. Turnover foil 32 per cent to $203.4 million. Directors, however, expect earnings to be satisfactory for the second half of this year. The company
        63 words
      • Article
        Hotel Grand Central net down 17%
        41 8 [SINGAPORE] Hotel Grand Central's interim group net earnings foil 17 per cent to <28 million for the half-year ended June 1997. But turnover roee 6 per cent to $23J million. No interim dividend was declared.
        41 words
      • Article
        Koh Brothers posts 14% drop in profit
        55 8 [SINGAPORE] Koh Brothers Group has reported a 14 per cent drop in interim group net earnings to S2 million despite a surge in turnover. For the half-year ended June 1997, turnover rose 36 per cent to 1161-2 million. However, the group expects better
        55 words
      • Article
        National Kap further in the red
        70 8 [SINGAPORE] National Kap has sunk deeper into the red, with a group net km of 92 million for the half-year ended June 1997. Its loss in the same period last year was $1.1 million. Turnover fell 84 per cent to $134 million due largely
        70 words
    • Article
      Inno-Pac slashes interim losses by 75% to $2.5m
      233 8 [SINGAPORE] Inno-Paciflc Holdings has cut its losses by 75 per cent to $2.5 million for the six months ended June, the company announced yesterday. Turnover for the trading and food group, however, fell by 84 per cent to $9.6 million. Inno-Pac said
      233 words
    • Article
      Lock icon Ipoh Ltd eyeing A$700m Sydney project
      169 8 Bernama [MELBOURNE] Listed property developer Ipoh Ltd and Paladin Funds Management Group are set to finalise a deal to buy Sydney's AI7OO million (***** million) Park Plaza development on its completion. Considered the largest commercial development in Australia since the 1980s, Park Plaza will
      Bernama  -  169 words
    • Article
      Lock icon Modest growth seen in Philippine property market
      310 8 Reuter [MANILA] Philippines' Ayala Corp said it expects modest growth in the property market on the back of high interest rates and the regional currency turmoil "Overall, the property market will continue to grow but at a more modest rate compared to the
      Reuter  -  310 words
    • Article
      Lock icon Plum buys seen on the KLSE
      361 8 Banking, plantation stocks are now attractive: analysts Bloomberg (KUALA LUMPUR] When stock markets get trounced, most investors up stakes and pull out. Yet for those with the savvy and the nerve plummeting stock prices offer plum opportunities. Take Malaysia. The Kuala Lumpur Composite Index
      Bloomberg  -  361 words
    • Article, Illustration
      Lock icon Guthrie eyes Thai, Indon firms
      300 8 Bernama [KUALA LUMPUR] Kumpulan Guthrie Bhd, the plantation and property group, says it is taking advantage of the region's depressed stock prices and devalued currencies to go on a shopping spree. Guthrie's chief executive officer Abdul Khalid bin Ibrahim said there are plans to buy
      Bernama  -  300 words
  • Page 8 Advertisements
Page thumbnail Page 9
  • INTERNATIONAL COMPANIES
    • Article, Illustration
      Lock icon Hotel Prop, US partners buy Manhattan hotel
      558 9 Planet Hollywood, Vornado Realty Trust in USsls9m purchase of Hotel Pennsylvania Bloomberg [NEW YORK] A group of investors, including Planet Hollywood International Inc, has bought Hotel Pennsylvania in midtown Manhattan for US$l5B million (Ss24l million) and plan to turn it into a sports-theme
      Bloomberg  -  558 words
    • Article
      Lock icon Sears to sell loss-making shoe businesses
      399 9 Reuter [LONDON] British retail conglomerate Sears pic on Thursday saw underlying profit slip in the first half and announced the break-up of its loss-making British Shoe Corporation, marking the demise of a business which once dominated shoe retailing in Britain. Sears, also owner of
      Reuter  -  399 words
    • Article
      Lock icon US safety body recalls BMWs, Rolls Royces
      295 9 410,000 BMWs and 1,021 Rolls Royces affected Bloomberg [WASHINGTON] A US safety agency said on Thursday that 410,000 BMW vehicles manufactured between 1992 and 1997 will be recalled to correct a problem that could cause the cars not to slow down as motorists
      Bloomberg  -  295 words
    • Article
      Lock icon KDD appeals against US ruling on overseas call rates
      301 9 Bloomberg [TOKYO] KDD, Japan's largest International longdistance phone service carrier, said it will appeal against a US Federal Communications Commission (FCC) decision to cut rates for connecting overseas calls. KDD was to submit its petition yesterday to the US Court of
      Bloomberg  -  301 words
  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      766 9 Vmrt Viy Mo Bortli Arrtwl Jmh jr. JMoJa* mm joi mm 2701/0*00 w»bti *002 j17 Maa«M* zt.otntoo taM 4 JO *■»!<! 27.09/U00 K MM Sa*19 JM aM«M 27J9/MO M 215 lit* AT Ma*Ma 2241/0500 .Bill will JM MM* 01.10/2000 StaM 002*7* JO <mim MOT/oooo UM 9/*7 JOI MM*
      766 words
    • Article
      CONTAINER SCHEDULES
      1560 9 RECEIVING OF EXPORT Fa CONTAINERS AND LCt CARGO litis SMp Voy Mo Ett/ltr Htiei Trm To fw tatMf ooa 29/1)00 M 24/1500 iIMM 24/1900 24/1500 26/1659 26/7900 U 24/1700 27/0459 zwm a 24/1700 2" 06W iWOO i nwoo nmi rruoo 27/bm n/M» n/nw taMi *5 ame i m/mo
      1,560 words
Page thumbnail Page 10
  • FINANCE & COMMODITIES
    • Article
      ABN Amro sets up fund management unit in S'pore
      342 10  -  TVeefficektpes US$L5b after 3-6 jears By\ Shiv Taneja [SINGAPORE] Dutch banking giant ABN Amro, which has big expansion plans in Asia, yesterday said it has set up a ftind management unit in Singapore, with plans fix* institutional and retail products for
      342 words
    • Article, Illustration
      Lock icon US$ to fall further against mark?
      435 10 UBS/park: THE US dollar started the week on a bullish note, touching a high of 1.8010 by Tuesday. However, the bullishness was short-lived as the unit reversed direction on Wednesday, diving to a low of 1.753S by yesterday morning. Having breached the crucial support
      Source: DBS Bank  -  435 words
    • Article
      Lock icon Merger: Salomon may lose millions in lease costs
      316 10 NYT [NEW YORK] Salomon Broth era, the venerable investment bank where traders make tens of millions of dollars buying and selling bonds, has never had much luck with its real estate deals. And the real estate aspect of its recent decision to
      NYT  -  316 words
    • Article
      Lock icon Travelers' purchase of Salomon will cost 1,500 staff their jobs
      461 10 Back-effice workers will be the meet affected, say analysts Bloomberg (NEW YORK] Now the pain begins. On Wednesday, Travelers Group said it will buy Salomon for about USI9 billion (5513.6 billion) in stock to create a financial powerhouse. Yet, that
      Bloomberg  -  461 words
    • Article
      Lock icon JGBs soar on weak tankan hopes
      278 10 m—w Jjeport Reuter [SINGAPORE] Simex Japa nese government bond (JGB) futures burst to new highs yesterday while Euroyen futures held their gains on continued gloom over Japan's economy. The market's growing conviction that the Bank of Japan's quarterly tankan survey of business sentiment, due
      Reuter  -  278 words
    • Article
      Expiry of Sept contract boosts volume
      144 10  -  naTUfiMmniß By Perry Gilbert Gilbert, vice-president, Refco Singapore [SINGAPORE] The Simex MSCI Taiwan Index futures contract saw heavy volume yesterday as it was the last trading day for the September contract. Open interest reached a record high of 14,999 contracts on Thursday, surging ahead
      144 words
    • Article
      Lock icon Nov Tapis trade at fixed level of US$20
      246 10 ENERGY REPORT Reuter [SINGAPORE] Activity in the Asian light crude market picked up slightly yesterday, with November Tapis beginning to move. A 600,000 barrel cargo of November Tapis was sold by a producer to a US major at a fixed level of
      Reuter  -  246 words
    • Article
      Lock icon CURRENCY REPORT
      273 10 Reuter THE US dollar stabilised against major European currencies, after having opened lower, especially against the mark. Investors buying marks for pound sterling strengthened the German currency against the greenback. Moreover, speculation about a possible increase in the Bundesbank's repurchase rate next week pushed the dollar down against
      Reuter  -  273 words
    • Article, Illustration
      Untitled
      241 10 fTKEBAMMCatOSSEATBS Sep7?6 2391 f£K Hf Jhto® %J9&- vmmmmm KAT1 Sept 26 1 buuse 22 2 g', H5 MM !«k f tMrtto > HH m r I «iii V INK a£* *7 v yj*« 'fj. Vt M— fig iMtfh lift tHK 2 m* ivi m iMk lift 110 (m* iv* iwk
      241 words
Page thumbnail Page 11
  • Article
    COMMODITY PRICES
    1561 11 8IC0M FUTUMBS Sept 26 miOMTtACTtScMtito) ON* Mm Opaa M—tt High Urn latt (t—s) Irtaraat Oct 97 83J0 133.50 133.50 75 450 Nw97 137.75 2450 Otc 97 ***** WO Jan/Mar 98 M4.50 5910 Apr/Jw 98 155.00 ***** j*Sap98 1S9.00 5700 RSS3CMTUCT<«c»l»fe> Mmn Opw Month Mgl Um Satt (ta—f) latartrt
    1,561 words
  • Article
    WORLD STOCK MARKETS
    2156 11 UMMH rma *h 31 Group 524.400 13 A8 Ports *****0 11.400 AMay National 934.400 30 AMadOomacq 404.400 9 AfflK 152 unch Asda Group 164 -.400 •ATM 529 1.400 BG Ptc 265.400 7.400 MCC 159 unch BOC Group 1131 5 BR Patroiaum 950 35.600 BTR 246 9.600 Bank
    2,156 words
  • Article
    Lock icon TOKYO
    1632 11 AFP Nikkei 22S -347.25 JAPANESE share prices closed 1.9 per cent lower yesterday as corporate investors continued taking profit on selected blue-chip counters before the closing of their half-year accounts at the end of September. "Although the downside was supported by a spate of buying in the banking sector,
    AFP  -  1,632 words
Page thumbnail Page 12
  • Article, Illustration
    Lock icon HONGKONG
    1455 12 AFP QH&ngSeog +7128 HONGKONG share prices rose 0.5 per cent yesterday on late selective buying following sharp gains in the previous day's trading, dealers said. "The market was boosted by strong futures trading," said a dealer. The key Hang Seng Index gained 74.28 points to finish at 14,710.87. Turnover
    AFP  -  1,455 words
  • Article, Illustration
    Lock icon CHINA
    591 12 Reuter nShenkeßhig *0.73 THE Shenzhen B share market edged up in slow trade yesterday amid caution ahead of a three-day market holiday next week. The B Index gained 0.73 point to 129.72 on turnover of HK$3l million. The A Index slid 5.28 points to 350.24 as investors took profit
    Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  591 words
  • Article
    Lock icon TAIPEI
    342 12 AFP □WTMn -7181 STOCKS fell yesterday amid bearish sentiment dampened by heavy selling of electrical shares, brokers said. "Pessimism on the outlook of electrical shares triggered heavy selling and dragged the index down," said a dealer. The TSE Weighted Price Index slid 72.81 points to 8,719.00. Turnover was 1.9
    AFP  -  342 words
  • Article, Illustration
    Lock icon JAKARTA
    669 12 AFP QOipMitBMB -130 SHARE prices fell yesterday amid profit taking after strong rallies in the past few days, with a weakening rupiah providing the lead, dealers said. "So far, the market had been driven by retail investors while most institutions stayed on the sidelines," a trader said. The JSE
    AFP  -  669 words
  • Article, Illustration
    Lock icon BANGKOK
    730 12 AFP I1«TM«» *38 SHARE prices fell yesterday on profit-taking ahead of parliamentary votes over the weekend on a censure motion and a new corruption-busting constitution. Analysts said the market believes Prime Minister Chaovalit Yongchaiyudh will survive a battering in the noconfidence debate, but will go along with pressure from
    AFP  -  730 words
  • Article
    Lock icon MANILA
    257 12 AFP Pfciili +15J2 SHARE prices rose yesterday due to technical buying of selected property issues which spilled over to other indexlinked issues. The PSE Composite Index rose 15.22 points to 2,080.78. Turnover was 2.8 billion shares worth 1.6 billion pesos. The Philippine National Bank fell three pesos to 74.50
    AFP  -  257 words
  • Article
    Lock icon SEOUL
    334 12 AFP gOf rifMirr -8L74 SHARE prices fell yesterday, with Financials leading the decline amid concerns over the uncertainty of the Kia Group's future. Dealers said prices were lower in early trade before recouping some lost ground on moderate bargainhunting. But they fell back again towards the close. Financial stocks
    AFP  -  334 words
  • Article
    Lock icon SYDNEY
    517 12 AFP PAnOrthMiei -3J SHARE prices eased yesterday, with industrial stocks losing ground as investors switched to resource plays. "It was like a roller coaster," said a broker. "There was a lot of bargain buying and a bit of profit-taking." The All Ordinaries Index fell 3.6 points to 2,775.6. Turnover
    AFP  -  517 words
  • Article
    Lock icon WELLINGTON
    237 12 Reuter QWeOmgtan -BJ3 SHARE prices ended easier in moderate trade yesterday after robust GDP data pushed interest rates higher. The NZSE-40 Capital Index closed 8.93 points softer at 2,556.65, with market leader Telecom's 10-cent fall to NZ$B.OO accounting for a large portion of the index's slide. Renter bs rmm
    Reuter  -  237 words
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      32 12 /^^uHe' a b£T\ rf|r See-I told\ J /The card ||H§HB|^^^HhßhßH^^^3kS t tcomX youthiswasa) making for Susan 1 advertised in V good deal V Yup, we got what is going to be J
      32 words
Page thumbnail Page 13
  • KUALA LUMPUR STOCK MARKET
    • Article
      Untitled
      8151 13 f "Z* N>» L— ClU—v Ml •OOP HN» U» P/t 790 400 Apnomoto 420 unch 2 420 420 213 17 01 44S 231 Angkasa 285 19 17 285 2*7 8.5 420.2 905 370 ApoaoFood HKj 560 5 54 5*5 550 163 "4.0 7*5 372 BarlayaLand 442 -4 14 44* 442
      8,151 words
    • Article, Illustration
      Lock icon Shares close higher on local support
      269 13 AFX-Asia QOooipaßteMe* *1148 SHARE prices closed higher yesterday in thin trade on local buying support as investors shrugged off Standard Poor's downgrading of Malaysia's debt ratings outlook, dealers said. The KLSE Composite Index closed up 10.48 points at 799.81. The Emas Index rose 2.26
      AFX-Asia  -  269 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      173 13 FR FITT, GIVE YOUR HAIR A NEW LEASE OF LIFE One free hair care service W'nh Hay's Fonnula, you need no longer worry about hair problems like balding, hair One free shampoo sample with ewj purchase loss, damaged hair, premature greying, dandruff, brittle hair and so on. Hay's holistic of
      173 words
Page thumbnail Page 14
  • WARRANTS & OPTIONS
    • Article
      Untitled
      3345 14 |ft7 L»«t VoJ 0«y Laat Oaota *V* H*k L*m Mao tmmm *ar- COOP) Mgl Lwr Ouyoc SaHar Me. M 303m 3000 m AM08 c53%*****6 31 4t5 3160 *Aear W0WT3I US$ 533 O 77 94 51.5 53.5 54.5 131 43 3164 Acnu W*****4_ 50 uneh 65 50.5 50 50 50.5 46
      3,345 words
    • Article
      UMW warrant has a set of figures that is difficult to fault
      187 14  -  WARRANT WATCH -By R Sivanithy A SCAN of the Malaysian warrant sector reveals numerous out-of-the-money warrants, many of which have been featured before. The main problem as we've pointed out. is that although these instruments command large conversion
      187 words
  • Article
    CLOB INTERNATIONAL
    2039 14 PM1WWmm*wt »t '4MIR9 Or Or INT Last V* Da* La* Ovate Mr Mv YM Nat MCap M6» L— Btea Campmiy Saia *h fOOO) >—I Ua Oayar M»r Cw ><l W "478 XT ml 5000 AIS650C 223 327 230 87 223 225 53 4.9 0* 513 221-7 137 94
    2,039 words
  • Page 14 Advertisements
Page thumbnail Page 15
  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      1018 15 ss I I Is Jl 3 r; KIBM 0 W ii i iiim whiiihi i mn i« i »iia» rmim nil 'Bs, i HAM CIM TOT*l. 4 11 g J n twL 111 II 1 1 i 1 EL I I <H »i I 41 HI **»»*»<*■*» flE :iS J
      1,018 words
    • Article
      MAIN BOARD
      3793 15 Of Or M Wt ijgt Vat Day LaatQuota O* 0» VM Hat Caj Ay, I,, S tNa -1 M fOOO) H*» Uar fciyr »—ar CNr E/t Prtca 157 78 1020 ACE OynwiitcsAOc 8* 90 88 78 80 8 5 4 i*- 9Mt ASCNTSIO 200 U«- 312 86.5 80S
      3,793 words
    • Article
      SESDAQ
      1025 15 «r «r M Wt W7 LMt W Day LMtOHU ON 01* VM Nat Ca A*« t—i l— ww» ciw>nt m» *A- rooot u» c»r nfr iron IM 76 2000 AWHMatSc M3 »«0 1316 143 133 M2 M) M U U ZOO iU 133 446 144 2049 AS Aula foe
      1,025 words
    • Article
      Untitled
      196 16 StagTritSc 14,053,000 IPCCorpnR 3,678,000 *RH8CapVt99 3,634,000 IPCCocpn5c 3,320.000 DBS Land 3.055.000 •IMupKinc Bk 3,045.000 HKlandUSIOc 2,602.000 U08 Foreign 2,476,000 *Ber)«y« Group 2387,000 IPC0S170 2465.000 Hrrtt > SingTel 15c 36.534,376 U08 Foreign 25.736.770 StA Foreign *****.532 IMS Foreign 17.159.630 City Dev 50c 16,898,031 JMHUS25C400 Ii6»^40 DOS Land 11.417.0W Creative T 25c
      196 words
    • Article, Illustration
      Lock icon Market drifts once again amid currency uncertainty
      601 16  -  STOCK MARKET COMMENTARY Sing Tel shares rise further; electronics stocks perk 19 on US data showing surge in orders; in Malaysia, focus still falls on plantation shares By Ven Sreeriivasan (SINGAPORE] The local stock market resumed drifting sideways in listless trading yesterday as
      Chart info from Bridge  -  601 words
    • Article, Illustration
      HOT STOCK
      56 16  -  Shiv Taneja NATSTEEL closed two cents higher yestenkty at $3.98 on a volume of 1.68 million shares, compared with its l(Klay traded average 1.4 million units. Based on the weekly MACD dmrt, the stock will experience some price weakness in the medium term. The next support level is
      56 words
    • OH THE GRAPEVINE
      • Article
        It's all about fear and greed
        157 16 CHIN EAN WAH is a pretty good fond manager who has got a way with words. At the end of her presentation at a fond management conference yesterday, the managing director of Morgan Stanley Asset Management was asked when international funds might return to
        157 words
      • Article
        Bunny tales
        157 16 PAINT tycoon Goh Cheng Liang is willing to sell his White Rabbit /for US$9 mill ion (5513.5 million), he told BT during an interview last week. Mr Goh, founder of the Wuthelam group, is well known for his collection of super yachts and catamarans. White Rabbit /(he is
        157 words
      • Article
        Haze fever in Honkong
        129 16 THINGS are not too friendly among some Asean journalists covering the World Bank and International Monetary Fund annual meetings in Hongkong—all because of two contagions. In the huge press hall, the Malaysians and Indonesians were seated close to one another. But a senior Malaysian journalist glowered
        129 words
      • Article
        Renong still borrowing
        92 16 THINGS may be slowing down in Malaysia, but some companies are Still borrowing money in huge sums. We heard Prolink, the property arm and the most profitable member of Renong, is out to borrow 1.7 billion Malaysian ringgit (SsB3o million). This will comprise RMl.l billion in bonds
        92 words
      • Article
        More kidnapping in Taiwan
        137 16 THE son of a wealthy Taiwanese rice merchant was kidnapped earlier this month, and his femlly paid NT$2O million (Ssl.l million) to redeem him, according to a Taiwan paper, it said the 40-year-old Mr Chee was taken away when eating meatballs at a hawker stall At
        137 words
  • Page 15 Advertisements
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      1330 16 a To advertise call toll-free *****-*****83 s- BONVESTS HOLDINGS LIMITED ANNOUNCEMENT BONVESTS HOLDINQS LIMITED (THE "COMPANY") ISSUE OF 63/116,166 WARRANTS ("WARRANTS") TO SUBBCROE FOR 63/116,156 NEW OROMARY SHARES OF 860.60 EACH M THE CAPfTAL OF THE COMPANY ("NEW SHARES") TO BE OFFERED BY THE DEVELOPMENT BANK OF SINGAPORE LTD ON
      1,330 words
Page thumbnail Page 17
  • ISEAS Trends
    • Article, Illustration
      Lock icon Asean: the need to move faster, bolder
      1535 17  -  Asean's existing decision-making procedure and institutional setup may not be able to cope with the coming economic tests, writes Sapaehal Panltehpakdl Snupachai Panitohpakdi Dr Supachai Panitchpakdi, a former Deputy Prime Minister, is MP and Chairman of the House Economics Committee, Thailand. 1N Asean,
      AFP  -  1,535 words
    • Article, Illustration
      Lock icon Japan's nuanced view of Asian currency turmoil
      1353 17  -  Although both the US and Japan reject the view that foreign speculators are largely to Mame for the currency turmoil, Tokyo has reservations abort the "Anglo-Saxon orthodoxy" By\ Susumu Awanohara Susumu Awanohara, a former journalist, is research adviser at Nikko Research Center in
      REUTER  -  1,353 words
    • Article, Illustration
      Lock icon The challenges ahead
      1260 18  -  XKDOMBSIA AMD ABRI: APPROACHING THE 21STCEMTUBY As Indonesia marks its Armed Forces Day in October, John b Haaeman and Rnkmantoro snmnkti look at recent developments and the challenges ahead As Indonesia marks its Armed Forces Day in October, John B Baseman and Rnkmantoro snmnkti look at recent
      AFP  -  1,260 words
    • Article
      Organisational and generational change
      1114 18 MOW that the commotion surrounding the Indonesian general election on May 29,1997, has more or less subsided, the preoccupation of Abri the Indonesian Armed Forces is to clean up the mess and set the stage for another equally, if not more, important event: the March 1998
      1,114 words
    • Article, Illustration
      Lock icon Sino-Russian relations— marriage of convenience
      1884 19  - Sino-Russian relations marriage of convenience The growing ties between China and Russia are based on strong common interests, but they will not lead to a political and military alliance, says Ctonnady draft-in Gennady Chufrin Professor Gennady Chufrin is DeputyDirector of the Institute of Oriental Studies, at the Academy of Science,
      REUTER  -  1,884 words
    • Article
      East Asean Growth Area: charting the linkages
      1379 19  -  Hie East Asean Growth Area (EAGA) seems set to proceed on a shared bat varying pace of cooperation By] Pushpa Thambipillai Dr Pushpa ThambipUlai teaches Politics and International Relations at the Department of Public Policy and Administration, Universiti Brunei Darussalam. ML CCORDING to
      1,379 words
    • Article, Illustration
      Lock icon Open skies? Routes to aviation reform
      1061 20  -  An open Asia-Pacific aviation club is better than the bilateral "open skies" agreements negotiated by the US with individual regional countries, says Christopher Findlay Christopher Findlay Dr Christopher Findlay is Associate Professor in the Department of Economics at the University of Adelaide and co-editor
      CAMERON CRAIG  -  1,061 words
    • Article
      Labour migration in S-E Asia: analysis, cooperation needed
      940 20  -  Migration of people in South-east Asia has been increasing, with potentially serious implications, bat international cooperation on the matter is lacking By I Charles N Myers Dr Charles N Myers is Sr Coordinator, SHD Resource Facility, United Nations Development Programme, Bangkok. CROSS-BORDER
      940 words
    • Article, Illustration
      Lock icon The role of Asean from China's perspective
      971 20  -  Asean is an important factor in the Asa-Pacific balance and how it uses its weight matters By' Wang Hailiang Dr Wang Hailiang is a Visiting Fellow at the Institute of Southeast Asian Studies and Associate Professor at the Institute of Asian and Pacific
      REUTER  -  971 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      478 18 Trends AaootlUypMMfcMttMrftelMaaiWrfaiwllMMtAdMaMtei mwi-iir Editors-in-chief S. Raiaratnam ChiaSiow Yue Editor Daljit Singh Associate Editors P. Lim Pui Huen Leonard C. Sebastian Assistant Editor Ronald Kow Leonard C.^dbastian 1 International Advisory Committee Jose V. Abueva (Philippines) Chan Heng Chee (Singapore) Stephen FltzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar
      478 words
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Big bucks in private places
      1787 21  -  COVER STORY Private bankers have been flocking to Singapore in recent years to tap the region's burgeoning wealth o&raßsm omo talks to some big players CATHERINE ONG IF THE automated-teller machine, which provides convenience, speed and simplicity to users, sums up everything commercial bankers are
      1,787 words
    • Article
      Catering to Asian appetites
      409 21 ASIAN clients take higher risks, demand greater attention and participate more closely in investment decisions than their western counterparts, private bankers say. "It's not so easy to convince the Asian customer to put the money with us and say, 'bye-bye, IH see you in six months'
      409 words
    • STRAWS In The Wind
      • Article
        Enlightened cabbie
        44 21 PLANS to provide more ambient lighting for the Botanic Gardens are all well and good, but one street-wise cabbie had this to say: "Light up for what? Gardens at night, only lovers come. If you light up, people will all go away."
        44 words
      • Article
        Secretarial loyalty
        51 21 MET ANY overzealous secretaries lately? A journalist called to speak to the company's managing director and was told he wasn't in. "Can you have him return my call please?" asked the journalist. Upon which the secretary demanded: "When was it that you called and he didn't return your
        51 words
      • Article
        Fashion victims
        63 21 WE'VE ALL heard how well-dressed Hongkongers can be. But some of them end up as real fashion victims. An ambulance officer there told us that during winter, he often gets called to the subways because commuters have fainted in their ftirs and heavy winter clothing. This happens especially
        63 words
      • Article
        Fishy name?
        50 21 PIDEMCO Land's Walshe Road development is called Avalon the island where King Arthur went to die. Someone has suggested that people could be buying the condo units because they thought Avalon was abalone spelt wrongly, and since abalone is expensive cuisine, Avalon must be an excellent property project.
        50 words
    • LEISURE
      • Article, Illustration
        Lock icon Moulding a world of ceramics
        886 22  -  sells tableware and figurines. But more than that he is a Send and guide to collectors of fine bone china, writes cohimmb kttbk CORINNE KERK S DOULTON is busy talking to some collectors in the Royal Doulton showroom lolding :hinaand ere antiques, anderful an what
        CHRIS LOH  -  886 words
    • ART
      • Article, Illustration
        Art and science of da Vinci
        1507 23  -  This exhibition will showcase the totality of the Renaissance master's genius, Singapore Art Museum director Kwok Kian Chow tells hum mummob BEN MUNROE THE SINGAPORE Art Museum is about to play host to its most ambitious exhibition to date, which presents the art work
        1,507 words
    • Article, Illustration
      Lock icon Airy Crux beckons the brainy
      652 24  -  NIGHT SPOT Ti»H«g fir tpUcß with gMd rarie, gnat service and tot* of tuft Tmt March ends her* By. A Surendren OUTDOOR dining and drinking is all the rage at eateries and pubs nowadays, and latching on to this trend is a new spot called
      SIEW YAW HOONG  -  652 words
    • Article, Illustration
      A winning combination
      673 24  -  CINEMA It's not going to grab any prizes for originality, bat My Best Friend's Wedding shouldn't disappoint either m. Susan Tsang ■B JHH YBest Friend's Wedding starts with a girl group singing Wishin'and Hopin' in the W most corny '60s tradition all pink chiffon and cute choreography.
      673 words
    • Article
      Tale of friendship
      648 25  -  CINEMA Female bonding is juggled quite deftly with romance, rage, and some pistol-packing action in Set It Off By\ Susan Tsang SET IT OFF is about four black women who are firm friends and who face a tough world of unfair men. Despite the miseries of life,
      648 words
    • Article, Illustration
      WHAT'S ON
      416 25  -  Compiled by M Yasotha OOMCHET SSO: Subscription Series On the programme are Mozart's Magic Flute Overture, Hindemith's Concerto for Clarinet Orchestra, and Rachmaninov's Symphony No 2 in E minor. Op 27. Maestro Shui Lan conducts, and Martin Frost from Sweden is the guest clarinettist. Oct 3 Oct 4,
      416 words
    • EPICURE
      • Article, Illustration
        Lock icon Happy mix of old and new
        714 26  -  RESTAURANT VisAVishas revamped its menu and the remits are more than pleasing By Corinne Kerk VIS A VIS has been around for some six years, but a recent renovation has given it an excuse to add some new items to the old favourites in
        CHRIS LOH  -  714 words
      • Article, Illustration
        Lock icon Rich and robust Russian flavours
        727 26  -  Borodinsky is a small restaurant with great fare, says tamsuyxdt TAN SU YEN WHEN fully developed, the Upper Bukit Timah area will see a population of more than 3,000 households spread over mega projects like Hume Park and Symphony Heights. Landlords worry that this massive
        SIEW YAW HOONG  -  727 words
      • Article, Illustration
        Sign up and learn how to cook
        637 26  -  CULINARY ACADEMY ONneiiiDriflgi from base cooking to exouc wona cmsme Tan Su Yen fefeVHP E'LL make a Uf chef out of ww you," promises the recently opened Home Chef Culinary Academy in its publicity material. The cooking school, housed in cosy premises in
        637 words
    • Article, Illustration
      CINEMA
      800 27 Air Faros Om. Harrison Ford stars as the US President in this tense, overly-patriotic drama, which stretches credibility to the limit. When the presidential plane is hijacked by a Russian terrorist (Gary Oldman), Ford leaps into action-hero mode. Lido, Hougang, Changi, Jurong, Choa Chu Kang, Woodlands. Chinatown, Republic, Century.
      800 words
    • Article
      ENQUIRIES AND BOOKINGS
      107 27 Cathay 598-3400 Eastsbore 346-1816 Ptdurebome 338-3400 Yangtze 223-7629 Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 686-1782 BedSk Blshan 363-8886 Boon Lay 792-2788 Broadway 464-9394 Majestic 633-9032 Marina 337-9488 Pavilion 786-6788 Tampines 8 786-6788 Ttongßahra 274-6688 Yishun 267-7848 Cteaieaty Cwealth 777-0969 Gokten/Mew Town 298-6466 NTCrown 469-9675
      107 words
    • TRAVEL
      • Article, Illustration
        Warm welcome in Munich
        1136 28  -  For those on a quick visit the city offers a one-stop area for history, culture and just plain shopping and eating, JAJM& bb discovers JAIME EE EVEN if you speak no German, there is one name you must remember should you ever find yourself in Munich.
        1,136 words
      • Article, Illustration
        The Globe stages a comeback
        601 28  -  The no-props no-frill* Elizabethan playhouse that opened this summer in lifllHiWl i 1 rmmfafl to packed houses By Audrey Tan STANDING through a three-hour Shakespearean play is a feat best avoided by those with weak knees. Not only must you jostle for a wide enough
        601 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      9 21 Leisure I Marketing patterns at Royal Doulton EL 2
      9 words
    • Advertisement
      Page 21 Advertisements Column 2
      463 21 Leonardo da Vinci at the S'pore 1 Art Museum I EL 3 SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic o# Singapore) HALF YEAR UNAUDITH) PROFIT ANNOUNCEMENT The Director* wish to announce the following unaudited results of the Croup and the Company for the six months ended 30 June 1997:
      463 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      124 22 'axawxr*® n n hktwptm*- Rue Bourbon i^m Mihißl THE HOME OF CAJUN/CREOLE FOOD PREPARED BY CHEF KENNING FROM NEW ORLEANS. Tfye mtNBSs set lunch Special 3-Course Menu at $35 or choice of a la carte. we zomoN jr., wnbk 5-Course Special Set Dinner Menu at $75+++ or choice of a
      124 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      48 24 My hobby can n walk into "Urtese O] "two jobs. No f ANY JOD. ANY CAREER. Available any Day. Any time. ANYWHERE. Times the Sunday Times Business Times #V,* *vjp* PAPER LlAtyfoE ZAOQAO LIANHE WANBAO min Daily news p Berita Harian Berita minggu f Singapore Press Holdings t
      48 words
    • Advertisement
      Page 24 Advertisements Column 2
      110 24 flftft good news to I.i million readers! I "•♦any listings are sigitat milestones and it I Mrae company's advantage toWW Ti: ■■■I J|ii uy/jj 10 report record group profit before ia Jl&areness of Its corporate identity? fl &ffn tsillf? m fourth and rcput3uon octorc fts P prosper, white the Unitec
      110 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      288 25 '2'jj rtl .J Diners Chib OffCTSUptO 551,000,000 FREE To apply, aO: 311 Cl CntCIullll»»> *vU fwrnatwnar Personal Accident Insurance worldwide. |8j81 290 4545 better way to celebrate a great week than Sunday Brunch at The Cafe-in-The-*****? Enjoy the finest hrunch and service at only $28* per adult (only $14' (or
      288 words
    • Advertisement
      Page 25 Advertisements Column 2
      138 25 A Bigger Better Tunch EXCELLENT VALUE mfff SAME OLD PRICE $13.80+++ (adult) fcffl $B.oo+++(Child) SatOunffubic Hofctays I i 18 noon to spm 3^ 317 Outram Road Singapore *****5 Tel *****88 Jumbo Roaun| Rnuuraw i* Hong Kong i ■'■■mnwuiHuwuuiauiuiHuiLinn.nai.imnwmiiaiMingciaßgiiaH SUCCULENT SHARK S FIN SERVED IN CLAYPOT ♦DEEP FRIED MARBLE GOBY (for
      138 words
    • Advertisement
      Page 25 Advertisements Column 3
      216 25 Fancy a baker's dozent? Then try lonu ly baked bread at the Cafe Vienna 1 Bakeshop S nkyour teeth into our II famous bavarian Loaf, or tuck in to some II Walnut Bread, served with a delectable I spread of cakes, pastries nd tea. II MVAI CROWNE PLAZA" SIHtAPOftI ft*
      216 words
    • Advertisement
      Page 25 Advertisements Column 4
      110 25 CALL: 330 3585 OR 330 3590 FOR RESERVATIONS <^82! 76 Bra* Baaah Road, Singapore *****8 Web Site http://www.carlton.com.sg E-mails RestaurantsOCarlton.com.sg J La Brasserie Brunch Tj Fresh Oysters, Crab daws, n I Smoked Salmon, Carvings U I and many other Continental delights M b Ss4s.oo+++<adult) D Ss29.so+++(child below 10 years) For
      110 words
    • Advertisement
      Page 25 Advertisements Column 5
      109 25 rjl *1 *^X MJJr iHIMfMI g^e&food" J fL HlMpHbtf ftttdfi M the WMmi >/ seafood appetiser you M Top of ike IT. WflP 15 v Singapore's Highest on exciting seafood creations prepared wkk only Ike freaheai aeafood and bountiful the peak of good aawioday. Latk. Mooa is 1 W»a X3S%%?US.«S£
      109 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      2167 27 TODAY'S TV P 1 Chinese Top 20 CountMcwniroßPYißwnro Surprise g0 withDonal f d > ZSSSmT Tour Pleasance and their prof SJO World Games-Lahti 1997. AM TV Innovations present Victor Wong. The gOO SJO Swimming: FINA Short uo PMMuppet Babies V. V y, turns out to be Satan •I* fsuiul Mad
      2,167 words
Page thumbnail Page 28