The Business Times, 8 March 1997

Total Pages: 24
1 24 The Business Times
  • 8 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE 85c
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  • 597 1  -  Takeover triggered by chairperson Mrs Endang selling part of her stake By, Jenny Lam (SINGAPORE) Auric Pacific's chairperson Ir Endang Utari Mokodompit has sold part of her shares to the Lippo group of Indonesia, resulting in an unconditional general offer
    597 words
  • 480 1  -  Power Gas seeks additional supplies for use as town gas By] Ronnie Lim [SINGAPORE] Singapore is looking at buying more natural gas from Malaysia this time for town gas use as the current Malaysian gas supplies are meant only for electricity generation by
    480 words
  • 500 1  -  Women held back by need to balance personal, professional lives By i Corinne Kerk [SINGAPORE] The income gap between women and men will be hard to close because, despite the better education and career opportunities today, women are
    500 words
  • 413 1  -  Some say tocal anit may slip to S$L45 before strengthening By\ Larry Wee [SINGAPORE] The Singapore dollar weakened in Asian trading yesterday to close at a 17-month low of 511.4340 against the greenback. Senior market players told BT that speculative US
    Source: Bloomberg  -  413 words
  • Page 1 Advertisements
    • 120 1 I Emimp Dur orraetiHt Ftrgetit Or so says a market guru at Goldman Sachs, P|2 Skkkk-atirt H»e government is planning to set up Ainds totalling some $1 billion for companies to invest in xmm markets, Fg3 ♦HpiUltoHipth Iratltoifdfcktare, this pg. Expectations of Uppo's entry have boosted Auric*s share price, but
      120 words
    • 18 1 Women who are shaping Singapore, ELI Girl*' night out, EL4 Women behind the wheels, ELB Globetrotting women, ELB
      18 words
    • 59 1 ■mw «a 9*mm m r^ft2 a: '-.ax —a» a m Can^r eyewear Metal arms. Optical or sun W 150 YEARS OF HISTORY AND ROMANCE Carder boutique/ Singapore Millenia Walk, #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International,
      59 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S Eye
      • 721 2 Those polled for their views on next week's Singapore stock market outlook are: Alliance Securities, Daiwa Securities, Deut-sche-Morgan, Fraser Securities, GK Goh, ING Barings, Merrill Lynch. Kian Engineering ♦(Boy) DBS Investment Research, March 7, $0.89 Half-time results were impressive. At the current price of $0.89, the shares
        721 words
      • Article, Illustration
        327 2  -  Ong Chin Huat Research analyst Centre for Business Research Development National University of Singapore iif N THE whole, 1996 I I was an uneventful year for the Singapore stock market though the year started off on a bright note as foreign funds returned following a' rerating of
        327 words
    • 666 2  -  Talk of correction goes on outside US, says Goldman Sachs analyst By. Lee Yoke Har [SINGAPORE] Forget about a 20 per cent correction of the Dow Jones Industrials Average. This is wishful thinking. Market guru at Goldman Sachs, Abby Joseph Cohen, has this
      ARTHUR LEE  -  666 words
    • 427 2  -  ETE ON THE REGION: THAILAND From. Alan Boyd in Bangkok THE turmoil in Thailand's finance sector has cast a shadow over the stock market that is not expected to lift until well into the second quarter. While brokers see positive trends emerging
      427 words
    • 1021 2 Next publication date: Apr 12, MinMHOHrik 1 XMt US tiflf BwM tt>VS IMS CLSfniaport Growtfi 28/Q7/I969 8 29 1 15.76 I 25.67 I 35.84 I 53.72 I 27.29 I OCBCSaven Capital 27/04/1987 3.06 4 7.76 3 14.01 3 12.31 3 34.75 3 18.99 3 OUB Union
      1,021 words
    • 389 2 THE US Federal Reserve will see it fit to raise interest rates this year and that's likely to happen in the first half of 1997, according to Abby Joseph Cohen, market guru at Goldman Sachs Co. And for investors keeping tabs on
      389 words
    • 430 2  -  Byl Siow Li Sen [SINGAPORE] Analysts are divided over the initial public offering of Hongkong-based commodity and transportation provider Noble Group Ltd. In the first half of 1996, slightly more than 50 per cent of the group's pre-tax profit came from the commodity trade and
      430 words
  • Page 2 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 522 3  -  The govt initiative with private sector involvement may be launched in months By. Audrey Tan THE government plans to set up with the help of the private sector funds totalling some $1 billion for companies to invest in new markets. Funds
      522 words
    • 381 3 SINGAPORE Power and Singapore Technologies Telemeiia are close to announcing a foreign partner in their bid for Singapore's second telecommunications licence, SP chairman Ho Kwon Ping said yesterday. "We are now in the process of selecting foreign telephone companies and hope to
      381 words
    • 311 3  -  CPI for poorest 20% up 1.6% against 0.7% for richest 20% By 1 Teh Hooi Ling SINGAPORE'S lower income groups saw higher inflation last year than the richest 20 per cent, figures released yesterday by the Department of Statistics (DOS) show. The Consumer Price Index
      311 words
    • 336 3 UTV International (Singapore), a Rupert Murdoch-back-ed production house, plans to use Singapore as a base to produce and distribute Asian-ori-ented programming to the rest of the world. At the official opening of its studio in Loyang Industrial Estate yesterday, company
      ERIC CHU  -  336 words
    • 174 3 THE fledgling independent film industry in Singapore may get a shot in the arm under plans by the Economic Development Board to give it a slice of the $80 million annual radio and television licence fees collected by the government. EDB managing
      174 words
  • Page 3 Advertisements

  • REGION
    • 502 4 THAI FDIAIICIAL CRISIS BANGKOK Total value of bonds, which will be issued to foreign investors only, not decided yet AFP Reuter THAILAND plans to issue government bonds to support 10 finance companies which have been saddled with bad debts related to the
      AFP; Reuter  -  502 words
    • 216 4 ■HONGKONG Reuter INTERNATIONAL Monetary Fund (IMF) chief Michel Camdessus chided Thai regulators for lax supervision but sought to reassure jittery investors by predicting no repeat of a Mexican peso-style crisis. He said the IMF had held talks with Thai regulators and he was confident in
      Reuter  -  216 words
    • 235 4 LONDON EUROPEAN credit rating agency IBCA has retained its ratings for the six major Thai banks, noting that the ratings made only a few months ago had factored in the downturn in the Thai economy and the current problems in its banking sector. ICBA
      235 words
    • 1640 4 CITY FLIGHT ETA FLIGHT ETD JH779 2359 AfeaDhaM BY 604 1735 GA890 0120 Fakaofca S0989 J730 S0990 0115 AdtliMi S0230 1815 0F82 2050 Caimrtw CZ351 2035 1930 1 Hanoi VM741 1310 S0176 TI30 A— j- RJW7 0130 S0175 1910 VN740 1410 Aautorlaai KL843 0550 GA890 0120
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    • 485 4  -  IMF MEETING Df HK Stronger role seen for HK as a financial centre in the future Reports by Quak Hiang Whai in Hongkong LEADING politicians and global central bankers yesterday gave an upbeat assessment of Hongkong's future after the transfer of sovereignty this year. Speaking
      AFP  -  485 words
    • 310 4 MALAYSIAN Deputy Prime Minister Anwar Ibrahim yesterday ruled out any immediate move to adjust interest rates to boost the economy. Speaking to reporters here after his speech at a conference organised by the Hongkong Monetary Authority and the International Monetary Fund,
      310 words
    • 632 4  -  By Vikram Khanna IF THERE were any apprehensions about the handover of Hongkong by Britain to China among the financial tsars who assembled here yesterday to discuss the future of the last great crown colony, they were kept well under wraps. But of all
      632 words
    • 466 4  -  JAKARTA Shelving of IPC issue deprives market of a benchmark: analysts By I S N Vasuki INDONESIA'S fledgling bond market is expected to see anaemic growth due to a recent government decision not to approve a domestic rupiah bond issue by the
      466 words

  • REGION/WORLD
    • 404 5 WASHINGTON But Barshefsky says it must still make specific pledges on market access AFP THE United States said that progress had been made in talks on China's admission to the World Trade Organisation but insisted Beijing must still make specific pledges
      AFP  -  404 words
    • 398 5 WASHINGTON US may tie HE'S autonomy to China's trade privileges AFP Reuter THE US House of Representatives' International Relations Committee has recommended adoption of a bill aimed at putting pressure on China to respect Hongkong's autonomy after the British colony reverts to
      AFP; Reuter  -  398 words
    • 49 5 [SEOUL] South Korean environmentalists, wearing faceless masks of Dolly, the cloned sheep, and carrying photographs of cloned Rhesus monkeys, demonstrating against human engineering here yesterday. The sheep cloning raised a storm ofsciencefiction-like questions, and a warning from the Vatican against tampering with humans. AFP
      AFP  -  49 words
    • 188 5 BEIJING Reuter AT LEAST two people were killed and several were injured in a bomb attack on a bus in Beijing during yesterday's rush hour, Chinese sources said. The explosion occurred in the Xklan shopping district in western Beijing. The motive for the
      Reuter  -  188 words
    • 343 5 PHNOM PENH Reuter FEUDING between Cambodia's ruling parties has spilled over into the business arena, with co-Premier Prince Norodom Ranariddh declaring void major contracts signed by a rival politician. In a letter obtained by Reuters yesterday, Prince Ranariddh informed Ariston Sdn Bhd that the Malaysian company's
      Reuter  -  343 words
    • 270 5 HONGKONG AFP HONGKONG'S ftiture leader has promised to hold new elections in the territory in the first half of 1996, a senior US official said yesterday. Stuart Eizenstat, US Undersecretary of Commerce for International Trade, told RTHK radio
      AFP  -  270 words
    • 340 5 KUALA LUMPUR lTsUn investments iiE shipping soc^oi* —AFP MALAYSIA and South Africa yesterday signed key trade and shipping agreements to further deepen economic ties on the second day of a state visit here by South African President Nelson Mandela. Mr Mandela and Malaysian Prime
      —AFP  -  340 words
  • Page 5 Advertisements
    • 919 5 imfn wm&mnmftm lUUI SM SUMMIT HOLDINGS LIMITED (tooorporatodlntooßapub6cef3tagn>on) The Board of Dinclon of 8M SUMMTT HOLDINGS LRRTED wiahee to m*e toe bßoatog mounoomont UNAUDITED RESULTS FOR TNI YEAR MB 91 DECEMBER 1886 TtoQmf TtoOMpay ltt> Hk *7 jm 5 *7 raas reoo rooo reee Tumw,r 37.821 21.781 72 9.466 8.126
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  • THE WORLD
    • 47 6 [LONDON] The Queen officially launching the 150-page royal web site on the Internet during a visit to Kingsbury High School in Brent, north London on Thursday. The site's homepage offers surfers access to a wealth of information about today's monarchy. REUTER
      REUTER  -  47 words
    • 379 6 NEW YORK New jobs higher than expected, but timid wage rise soothes inflation fears Bloomberg Reuter TIMID wage inflation tamed what would appear on the surface to be a very strong nonfarm payrolls report yesterday. The Labour Department reported that February witnessed the
      Bloomberg; Reuter  -  379 words
    • 373 6 SAN FRANCISCO Slowdown could ease inflation pressure, says FOMC member Bloomberg US ECONOMIC growth is likely to slow in 1997 as a stronger US dollar cuts into exports, San Francisco Federal Reserve Bank president Robert Parry said. In an interview in San Francisco on
      Bloomberg  -  373 words
    • 219 6 BRUSSELS AFP FOURTEEN of the 15 European Union states currently meet or are very close to meeting the inflation standard required for them to join the single currency in 1999, according to new standardised figures published for the first time yesterday.
      AFP  -  219 words
    • 273 6 PARIS Airbus maker expects earnings to double this year Bloomberg AEROSPATIALE, the French state-owned aerospace company, said it returned to profit in 1996 after four years of losses and said it expects earnings to double in 1997 as orders continue
      Bloomberg  -  273 words
    • 243 6 LONDON AFP JOHN Major's Tory government was on the ropes yesterday after a stunning one-two political punch that further darkened its prospects of surviving upcoming general elections. A new Gallup poll in the Daily Telegraph gave the Labour opposition a crushing 26point lead
      AFP  -  243 words
  • Page 6 Advertisements
    • 707 6 f > fflß BRITISH-AMERICAN TOBACCO COMPANY (SINGAPORE) LTD V® A T ,y' (Incorporated in the Republic of Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 December 1996. ($000s) The GROUP
      707 words
  • Page 6 Miscellaneous
    • 392 6 THE WEATHER Singapore Fair in the morning becoming partly cloudy from noon. Showers are expected in the late afternoon and early evening mainly over the northern Singapore. Temperature (32-24) EM'IH) HVLo* (ML Immtlim HVLo* Owi A«U-P*ctfic HVLo* Oaal Amsttnlan IMB Cloudy Adam U/«3 <Y*Kt\ AurUand 2VIB Showm Athens la/07 (Vwd\
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  • COMPANIES & MARKETS
    • 590 7  -  Project not viable if bid has to be topped up; it may divest stake in Sd Lanka firm By 1 Toh Hooi Ling [SINGAPORE] Singapore Telecom is pulling out of the bid for a Tamil Nadu cellular phone licence and
      STEVEN LEE/ST  -  590 words
    • 282 7  -  Minimnm project value will be halved to $150 m, says Dr Ha By l Chuang Peck Ming [SINGAPORE] The Stock Exchange of Singapore has decided to ease the listing rules for infrastructure firms on its foreign board, Finance Minister Richard Hu
      282 words
    • 460 7  -  By\ Siow Li Sen [SINGAPORE] Hong Leong Finance yesterday reported bet-ter-than-expected earnings but was the first financial institution to attribute its slower earnings growth to the slowdown in the housing loans market. For the year ended Dec 31, the group's profit rose 14.8
      460 words
    • 419 7  -  HOCK LOCK SIEW Eddie Toh EY. what did Anwar say?" I asked a young and pretty fUnd manager from Singapore whom I had met a day earlier. "You're not supposed to know!" she retorted. I was devastated, but not because I was spurned
      419 words
    • 434 7  -  Court may still have final say if creditors reject scheme By\ Lee Han Shih (SINGAPORE] Creditors who lent some $800 million, including bondholders, to troubled Amcol Holdings have been asked to hold back their payment claims for a year
      434 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • 365 8  -  Turnover np 50% despite intense cellular competition From. Eddie Toh in Kuala Lumpur MALAYSIAN telecommunications firm Technology Resources Industries Bhd has posted better-than-expected results due to higher subscriber growth and more efficient cost control measures. For the year to Dec 31,1996,
        365 words
      • 236 8 SINGAPORE] Upgrading, relilding and repair contracts propelled ST Automotive's 29 ier cent growth in net earnings to $17.3 million for the fcear ended Dec 31 1996. Turnover likewise rose 29.8 gr cent to $228.2 million, rnings per share rose to 14.4
        FILE PHOTO  -  236 words
      • 426 8  -  By i Christopher Tan (SINGAPORE] Car and property company Sime Singapore turned in an impressive interim with net earnings more than trebling to $17.4 million. The turnout, aided by a lower effective tax rate, marks a sharp recovery from
        426 words
      • 344 8  -  Income from property investment and development np 142% By Abdul Hadhi [SINGAPORE] Strong growth in its property business pushed Guth- rie GTS* 1996 group net earnings up 133 per cent to $17.1 million, prompting its directors to propose a special dividend
        344 words
      • 267 8  -  From Eddie Toh in Kuala Lumpur TEH SOON SENG, once dubbed a whiz kid for the phenomenal success of timber company Aokam Perdana in 1993, has quit the company. He has resigned as director and managing director of Aokam, which has incurred
        267 words
      • 337 8  -  By] Rahita Elias [SINGAPORE) SIA may give shareholders a special dividend to mark its 50th anniversary this year, but a bonus or rights issue would be unlikely. At a press conference on its golden jubilee, SIA director of corporate affairs Matthew Samuel said yesterday in
        337 words
      • 245 8 AFX-Asia Reuter Bloomberg [JAKARTA] The Lippo group plans to pursue a restructuring of its property holdings on the lines of the restructuring of its financial businesses last year, Bisnis Indonesia said yesterday. The restructuring involves the Riady family's holdings in PT Lippo Karawaci, PT Lippo
        AFX-Asia; Reuter; Bloomberg  -  245 words
      • COMPANY Briefs
        • 69 8 [SINGAPORE] British-American Tobacco (S) yesterday posted a 3 per cent dip in net profit to $31.8 million for the year ended Dec 31,1996. Turnover was down 2 par cent to 1329 million. Earnings per share fell to 35.4 cents from 86.6 cents in 1995. The
          69 words
        • 41 8 [SINGAPORE] PCI Ltd cut its losses for the half year to Dec 31,1996, to $1.57 million from $5.68 million previously. Turnover nearly halved to $40.2 million, due to the worldwide cyclical downturn in the electronics industry.
          41 words
        • 66 8 [SINGAPORE] Compact disc maker 8M Summit nearly doubled its net earnings to $10.1 million for the year aided Dec 31,1996. Turnover jumped 72 per cent to $37.5 million. The company said outlook for the current year is good. It has proposed a special tax-exempt dividend
          66 words
        • 41 8 [SINGAPORE] Kuok Khoon Ean, the second son of tycoon Robert Kuok, has resigned as director erf the family's flagship Shangri-La Hotels (Malaysia). Lim Chee Wah, the son of gaming tycoon Lim Goh Tong, replaces Mr Kuok
          41 words
        • 50 8 Loh Loh makes strong debut Reuter [KUALA LUMPUR] The stock of civil engineer Loh it Loh Corp made a strong debut yesterday on the Second Board, closing at Msl4—five times its IPO price of M 52.80. Volume traded was 4.49 million shares. The company had offered 4.8 million new shares.—Reuter
          Reuter  -  50 words
      • 148 8 [SINGAPORE] Surreyville received acceptances for 13.65 per cent or 4.09 million shares of Tri-M Technologies when its offer for the electronics company closed yesterday. This gives it a total stake of 60.25 per cent, HSBC Investment Bank, acting on behalf of
        148 words
      • 241 8  -  By i Clarissa Tan [SINGAPORE] Pan-United Corporation and Chuan Hup Holdings are the latest to join a host of marine companies facing the heat of plunging margins. Pan-United yesterday announced a modest net profit rise of 9.2 per cent to $18.37 million
        241 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 488 9  -  Securities firm says 2 directors were ia vetoed in irregnlar deals that provided big profits to a client From, Anthony Rowley in Tokyo FINANCE Minister Hiroshi Mitsuzuka warned yesterday that his ministry would take strict action against Nomura Securities Co after the securities regulation
        Source: Bloomberg  -  488 words
      • 325 9 Bloomberg [NEW YORK] Cablevision Systems Corp will pay ITT Corp US$5OO million (Ss7ls million) to increase its 50 per cent stake in Madison Square Garden LP to 88.5 per cent, and ITT has the right to sell Cablevision the rest
        Bloomberg  -  325 words
      • COMPANY Briefs
        • 86 9 Bloomberg i [DALLAS! Texas Instruments Inc on Thursday predicted that global semiconductor sales will rise 10 per cent this .year, opting for a cautious forecast after last year's 9 per cent decline. The company said it expects a moderate recovery for the
          Bloomberg  -  86 words
        • 68 9 AFP [LONDON] Rupert Murdoch, the US-Australian media magnate, yesterday pulled out of a digital satellite television joint venture in Germany between his BSkyB broadcaster and German group Kirch. The withdrawal, ending his second attempt in six months to gain access to the German market, the biggest
          AFP  -  68 words
        • 103 9 Bloomberg [TAIPEI] China Airlines is planning to sell at least 3.7 per cent of the company to British Airways, AMR Corp's American Airlines Ine or United Airlines Corp, the Taiwanese carrier said yesterday. NatWest Markets, the UK-based Investment bank, is negotiating with the
          Bloomberg  -  103 words
      • 371 9 FT [PARIS] Thomson Multimedia, the troubled French stateowned consumer electronics group, expects to close two more non-European factories under a restructuring that will see it shed about a fifth of its global labour force. Chairman Alain Prestat made the disclosure on Thursday as
        FT  -  371 words
      • 530 9 Accused of patent infringement, Qualcomm saes first Bloomberg [SCHAUMBURG, Illinois] Motorola Inc and Qualcomm Inc are suing each other over patents for digital wireless phones, the fastest-growing products in the cellular industry. Motorola claims that Qualcoram's new Q phone infringes on patents
        Bloomberg  -  530 words
      • 254 9 FT [LONDON] A US court on Thursday imposed the largest commercial damages ever recorded against a UK company by awarding almost US$6OO million (SsBsB million) against GKN, the British engineering group. GKN said it would appeal. The motor components and defence
        FT  -  254 words
      • 316 9 Hongkong regulators looking into possible manipulation Bloomberg [HONG KONG] A bull market in Hongkong stocks that pushed up the benchmark index more than 20 per cent in a year had an unwanted side effect the number of stocks being probed for possible
        Bloomberg  -  316 words
    • FINANCE & COMMODITIES
      • 500 10 Merger pact could create US' largest savings loan Washington Mutual in deal to Iray Great \yftrtcni Fio&oci&l for USs6.6b Reuter [LOS ANGELES] Washington Mutual Savings Bank said on Thursday it agreed to buy Great Western Financial for US$6.6 billion (559.2 billion), topping a rival offer from HF Ahmanson and Co
        Reuter  -  500 words
      • 384 10 [HONGKONG] Labuan, Malaysia's International Offshore Financial Centre (IOFC), is shifting its focus to insurance and Islamic banking in efforts to establish the island as a premier lOFC, said Bank Negara governor Ahmad Mohamad Don. "There is great potential for the insurance industry to expand
        384 words
      • 259 10 Trend reflects record bankruptcy filings, Bloomberg [NEW YORK] Credit card losses in the United States in January and February reached their highest levels in several years, according to two reports. Credit card issuers wrote off 6.39 per cent of their loans
        Bloomberg  -  259 words
      • 423 10 ÜBS/mark: The US* continued its bull run this week, hitting a high of 1.7209 by Thursday and was seen trading around 1.7175 yesterday morning. Although the long-term trend remains convincingly bullish, correction is due for the unit as daily and weekly stochastics and RSI
        Source: DBS Bank  -  423 words
      • 243 10 mini Report Reuter [SINGAPORE) Simex Euroyen and Japanese government bond (JGB) futures came under pressure in light trade yesterday as players liquidated their positions following a late rebound in Tokyo stocks. Sentiment was cautious ahead of the release of US jobs data. Economists estimated
        Reuter  -  243 words
      • 188 10  -  MSa TAIWAN FUTURES By Perry Gilbert vice-president, Refco Singapore PteLtd [SINGAPORE] The Simex MSCI Taiwan stock index futures displayed a positive sentiment yesterday, with the March contract opening at its low for the day and trading steadily higher throughout the session. Sellers were hard
        188 words
      • 207 10 ENERGY REPORT Reuter [LONDON] Fast rising world oil supplies and a mild winter have allowed oil companies to replenish lean stocks, putting the skids under crude markets, the International Energy Agency (lEA) said yesterday. Accelerating oil output growth looks set to outstrip a strong
        Reuter  -  207 words
      • 291 10 AFP Reuter THE US dollar showed very little reaction to US job figures, even though they were stronger than operators had expected, dealers said. At 1410 GMT, the dollar was trading at 1.7176 marks against 1.7180 just before the announcement of the US job figures and 1.7161 on
        AFP; Reuter  -  291 words
      • Article, Illustration
        1089 10 ZMTBRBAMK CROSS RATES Marl 1 1 —t ifMWP M C$ §■> EOt n 9m m MMOMB Vm 9m m BSNOh Hm M W» MM NMI HI SS ms mi mw w ub ijm mjmmjis ams mm ijm vgntMOM?# utf mb ummmaimp mm F -is Z s $«|ea»isjigii Fncf 02W 0236
        1,089 words
    • 1538 11 MOOM FUTUMi Marl WHiftNrwdMmKmp) I ISS1 CONTRACTS CNta**) CtOH WM OpM —i H|fc Sttt (to—s) tw4wt«t "t tEoo !fc«rW 174.75 IBS Jm9! 175.15 «25 178.25 in JO 177.50 09 5*0 tet/fccW 179.00 3750 J*NAI»« I?».75 750 <»♦/ h%ii t ISS 3 CONTRACT (USc*atiA«) MMN Opt lux* M|l Lw
      1,538 words
    • 2234 11 UHOR -iS r IWrT Note AS Ports 295 4.400 Abbey Nation*! 782.400 6.800 AM Domecq 457 6 Amec 125.400 1.400 Aid* Group 110.400 unch BAT tad 550.400 2.400 BGPIe 173 -.400 ■•CC 275 *1 BOC Group 1030.400 4.400 BR Petroleum 714 10 BTR 276 16.600 Bank of
      2,234 words
    • 1625 11 Reuter PjjMrtMS *157.41 STOCKS swung into positive territory to end higher yesterday, as buy backs in futures emerged to prop up cash stocks which were dashed by Nomura Securities disclosure that its directors had been involved in apparently irregular deals, brokers said. The 225-share Nikkei Average ended 157.41 points
      Reuter  -  1,625 words
    • Article, Illustration
      1509 12 AFX-Asia QHMgSa» -7101 SHARE prices closed lower yesterday on profit taking in property stocks and amid cautious trading ahead of US unemployment data. Dealers said the upcoming results announcements of property developers and other blue chips will set the course of the market in the first half. The Hang
      AFX-Asia  -  1,509 words
    • Article, Illustration
      617 12 Reuter QShenzhenßlndex -&03 THE Shenzhen B share market closed slightly lower yesterday, with investors reducing positions ahead of the flood of companies 1996 annual results. The B Index edged down 0.03 point to 155.48 on turnover of HK588.79 million, compared with Thursday's HK552.34 million. "Most investors were cautious with
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  617 words
    • 373 12 AFP QWPMg *MJB STOCKS advanced yesterday as investors remained bullish about the market's prospects. "In view of the bullish run, more investors shifted their capital from the secondary over-the-counter market to the main board," said a trader. The TSE Weighted Price Index rose 81.68 points to 8,162.68 its highest
      AFP  -  373 words
    • 252 12 Reuter QWeffingtoo 40.78 SHARE prices ended flat yesterday as the general malaise which has seen them trade in a tight range all week continued. The NZSE-40 Capital Index closed 0.78 of a point higher at 2,288.96. Reuter mi 1 *f- rmm ANZ Banking -0.02 9789 Matp Ml 126 001
      Reuter  -  252 words
    • Article, Illustration
      790 12 AFP H SET Mat *RBO SHARE prices jumped 2.2 per cent yesterday as fears over the liquidity of local finance companies eased and bargain hunters went to work buying cheap finance sector shares. An analyst said concerns over financial liquidity among finance companies had eased, with deposit withdrawals slowing
      AFP  -  790 words
    • 398 12 AFP PCnpoßtelilßi *3JI SHARE prices rose yesterday on a rally dominated by low and mid-priced shares. The Composite Index added 3.11 points to 681.22. Turnover was 37.4 million shares worth 705.5 billion won. Risers beat falls 476 to 336. Blue chips were mixed as Korea Electric Power gained 200
      AFP  -  398 words
    • 597 12 AFP □inONtoriei -8J SHARES fell yesterday as a slump in bank stocks and anxiety over the impact of US jobs data due later in the day combined to depress the bourse. The All Ordinaries Index closed 8.9 points lower at 2,438.5. Turnover was 352.9 million shares valued at A
      AFP  -  597 words
    • Article, Illustration
      692 12 AFP POnidßtehiß *0.70 SHARE prices closed up yesterday, but selling pressure in the banking sector prevented the index from closing higher. "The market was very volatile today. Some blue chips rebounded slightly but most banking stocks were down," a dealer said. The JSE Composite Index closed up 0.70 point
      AFP  -  692 words
    • 320 12 AFP Manila 4fl SHARES rose yesterday as investors bought banking stocks hard hit by news of a borrower about to default on 8.5 billion pesos (Ss46o million) in loans. "Banking issues have been down since rumours Victorias (Milling Corp) may default on its obligations," said a trader. The Composite
      AFP  -  320 words
    • KUALA LUMPUR STOCK MARKET
      • 7981 13 JMHHHIIII Cmswmc prBtfacts im Last vol Day Nat Cap l Mm> L— Campany 8ala 'OOP Hjjfc Law P/I tmU 790 680 AJinomoto 705 5 5 710 705 53.S 285.8 448 334 Anqkasa 412 -6 152 414 410 12.2 607.5 905 750 Apollo Food Hlg 790 W M 790 775 316.0
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      • 270 13 AFX-Asia W Composite Index +L 37 SHARE prices closed mixed in directionless trade yesterday as investors remained cautious ahead of Yahaya-related stocks resuming trade on Monday. Dealers said early retail interest in main board lower liners waned towards the close, reflecting the wait-and-see stance
        AFX-Asia  -  270 words
      • 256 13 0— INwO Consumer pr d IS 22 IS MK< 33 40 12 Construction 10 8 T 26 29 13 wmw 0 I 1 nunc* 17 32 17 Not* I 4 1 Er—»rt> 17 3S 12 PtontotWn 11 12 12 MMnq 1 S 1 Trust 2 1 0 loon 34 57
        256 words
    • WARRANTS & OPTIONS
      • 3756 14 BONDS, LOANS ft WARRANTS m 19M/1997 Last Vo4 Day Lnt Ouott A«| High Low Stiw Company Sat* ♦or- COOO) Low Buyor llllr Mn 68 47 m 3000 m AMDS c5 5******6 6t 57.5 60 62 39 3160 A Acar ******1 USS 49 -I 2 49 49 48 50.5 131 86.5
        3,756 words
      • 207 14  -  WARRANT WATCH By\ R Sivanithy THE way the Van Der Horst warrant price has moved in the last two days is interesting, to say the least. On Thursday, when the underlying stock fell 65 cents, or about 12 per
        207 words
    • 2295 14 MALAYSIAN STOCKS Gr Of 19M/I997 Last Vol Day Lm« Owtl INv OK VM Nat MCa» High Laat Stno Camaany Sak COOP) Hm> Law Buyar *a>«r Cw H P/t |H 625 360 m$ 5000 AISB 50c 412 -10 132 418 410 412 416 5.0 4.9 0.4 84.4 4224 137
      2,295 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1512 15 TUMOVEK fOOO) VALUE fOOO) mgk cm twrn mm em MMM ***** 35,159 •7,144 NOHM T&499 WIN Fkwm 5, MO UU 59 TM39 4U0S ttM4 **.191 MM *27 3,024 J,951 2,773 U4t M» Propwttt* 2.715 ML04S 40,7*0 17.902 9TJM T^MO PMnKtton 2.1M 2JH 4,791 *,791 Mnin« 1,150 V«0 UM 3,550 Hi
        1,512 words
      • 4934 15 8r 6€ Mm 1996/1997 Lot V«i Day Last Ovat« Mv Mv VM MM Cm Avq Htqh Law StMe Company Mf COOO) High Lw Bwyar liiir Cw It P/I SaiM Pile* MOUSTMAIS 5146 ASE NTJlO 200 US- WOO 900 1275 ASF US$0.***** US900 Ms 90. 0 214 162 1258
        4,934 words
      • 1048 15 1996/1997 Lajt Vot on LaatOuate K> Dh VM N«t Cap *TJ SB t— 8Mto c—P»y Sal* fOOO) Ht* Lw fcjgf Cw P/l Smll Prlc. 2 5? *2 ?222 74 162 157 157 158 3.0 14.2 0.1 98.8 70.3 159 "3 68 2049 AS Auto foe .189 unch 30 189
        1,048 words
      • 204 16 stub m— Labroy M 20c 7.517,000 •MCI HMgs 50c 7,005,000 FHTK HMgs 20c 6,590,000 •m Land BM 6425,000 •MBf HMgs 50c 5,347,000 *Promet 4,502,000 •MCBHMfl$Wt99 4,070,000 IMbanlOc 4,043,000 •fACI 50c 3,957,000 tdris Hy< 50c.. 3,396.000 Stoda I Labroy M 20c 14,375,170 Keppet Corp 13,399,756 *MCB HMgs 50c 11,*****0 •Innomt Bhd
        204 words
      • Article, Illustration
        69 16  -  -W Toh Hooi Ling IT'S a good time now to take profit on Westmont Land Asia. The counter has shot up some 50 per cent in the last three weeks. It closed unchanged yesterday at $3.68 on a volume of 231.000, against its lOday average of *****0. RSI
        69 words
      • 670 16  -  STOCK MARKET COMMENT ART Most casualties seen in dob counters because of forced selling share prices also move in narrow range as finds wait for US employment data By R Sivanithy [SINGAPORE] Activity in the local market slowed down considerably yesterday, with forced
        670 words
      • ON THE GRAPEVINE
        • 141 16 POWER engineers Van Der Horst's shares have had a bit of a rough ride lately, suddenly dropping 12 per cent on Thursday. Although they managed to recover some ground yesterday, there are still a lot of negative rumours making their rounds. One of these is
          141 words
        • 110 16 SOURCES tell us that iragor management changes are underway in G K Goh Ometraco, the Singapore-listed G K Goh's Jakarta unit. President director Michael Chambers has apparently resigned and the broking firm is now searching for a successor. Mr Chambers' resignation was preceded by
          110 words
        • 128 16 THERE are those who look to the handover of sovereignty in Hongkong with gloom. And there are those who will no doubt be celebrating. We just heard that Hongkong television network TVB plans to use a bidding system for its commercial slots around midnight June
          128 words
        • 113 16 THE new Taiwan-authorised unit trust, JF Global China Concept Trust has raised over US$23O million (***** million) since its'" launch in January. It is one of the largest amounts raised by a Taiwan fund, according to George McKay, managing director of
          113 words
        • 37 16 BZW, the investment banking division of Barclays Bank, has appointed Desmond Supple as Asian currencies economist, global foreign exchange. He was previously senior emerging markets economist at Independent Economic Analysis (Holdings), v PteLtd.
          37 words
        • 58 16 tji HERE'S a bit of trivia about the Singapore International Chamber of Commerce. According to Graham Hayward, the SICC's executive director, the company is technically the oldest company in Singapore as it was the first to be registered under modern day incorporation law. Its business registration
          58 words
  • Page 7 Advertisements
    • 606 7 C*3 cask BO HOLDINGS LIMITED NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 62 Joo Koon Circle, Singapore *****5, on the 27th day of March 1997 at 10.00 a.m. for the following business: AS ORDINARY BUSINESS 1. To receive and adopt the
      606 words

  • Page 8 Advertisements
    • 128 8 EXECUTIVE Appointments TO ADVERTISE CALL TOLL-FREE 1800-*****83 RESEARCH C. K. Gok ißwtcfc Pt* Ltd Is the niwrt arm </ C.I. Coh itockbrokm, m —kr tampauf ct SIS. We are looking for an I to edit regional economic and company research from the |||j Singapore head office. Besides an excellent command
      128 words
    • 58 8 M.V. "ORIENT KING" VOY. 18 ARRD 2 MARCH 1997 Consignees of all damaged cargoes ex the captioned vessels are hereby notified that a general survey will be held on the 10th March 1997 0900-1200 hours at PT9 respectively. No further survey will be entertained thereafter. As Agents: "K" Line Kinkai
      58 words

  • Page 9 Advertisements
    • 680 9 tfSgßb Sime Singapore Limited INTERIM RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 1996 The Directors are pleased to announce the foHowing:1. Unaudited results of the Group and of the Company for the half-year ended 31 December 1996 Group Company 1996 1995 1996 1995 S$ Million S$ Million Turnover 338.5 293.1
      680 words



  • Page 12 Advertisements
    • 24 12 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.
      24 words

  • Page 13 Advertisements
    • 31 13 For Home or office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News, LianHe Wanßao call our Hotline 1800-749-2577.
      31 words
    • 28 13 For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words

  • Page 14 Advertisements
    • 123 14 Land Transport Authority Infoline I Share Allocation Results 1 INRBlffl COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH AudioTex Service Av 6k beWeCT e«h»eek All you need u Call OUr non-1900 AudioTex Enquiry number and the Vehicle Calegoiy number bid foe. ewer your cpaimon nil
      123 words

  • Page 15 Advertisements
    • 8 15 Are Your Secrets Is Your Phone SFT) r^KK
      8 words
    • 69 15 Young Parents When you want the best for your children ea^ ystem Professional Telephone I Voice Recording Devices I Jr V Business By I J tree, /tf c €s& J A Voice Recording Company 20 Upper Circular Road 1 #01 -26 RrverwaJk GaJleria *W I Singapore *****6 eggsgsgrigggggy Tel: 536
      69 words

  • Page 16 Advertisements
    • 665 16 BUSINESS AW/aS l() \l >n 'l<MM< I I mil -I KM I SIM 1-741 INN* IN THE MATTER OF THE COMPANIES ACT, CAT. 50 PURSUANT TO SECTION 2M(2Kk) AND IN THE MATTER OF PEMMAC PTE LTD (MEMBERS' VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed Company duly
      665 words
    • 281 16 Are You THROWING AWAY POTENTIAL PROFITS? Jg| Recommendations from experts HHp Useful tips on whet to buy, or hold. r Allocation Results using CDP Nos. Wondering which share result? Call 740-2350(24-hrs) to check first. Call* cot only SOC p<r A MEniirvi X ■■THIJIJe 4.«U4AVfa- GOLDEN HOPE PLANTATIONS BERHAD fyyi (Incorporated
      281 words
    • 28 16 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.
      28 words
    • 37 16 Don't nrnteleviston'si finest hour! keep you updated and informed wMi rfveUng interviews, in %BT V* iiv\m ffi.,L4rsL% jww JH JgMp>, Jt* > ispssftf jjHr^Pfl^^H A rti- > I lilii I 1 S L o'* S i A PO RjM
      37 words

  • EXECUTIVE Lifestyle
    • 880 17 Women's Day 1997* There's no turning back the clock. Everywhere women are making steady if slow progress towards equality, filling prominent positions in business and in government. In Singapore, who are these women? What roles are they playing in our society? Wfe list them in
      PHOTO: CHRIS LOH/ DESIGN: JEN CHUA  -  880 words
    • STRAWS In The Wind
      • 233 17 MANY of today's quotable quotes come from men. Truth is, women are just as capable of pithy, witty or memorable remarks. Here are some astute observations made by women past and present. Nothing in life is to be feared. It is only to be understood. Marie
        233 words
    • INTERNATIONAL WOMEN'S DAY 1997
      • 3566 18  -  Compiled by Corinne Kerk FINANCE Vivien Chan Senior vice- president (Legal and Secretariat Dept), United Overseas Bank Group Merrily Chlam Head (Research), Nomura Research Institute CfalnßanWah Chief executive officer, Morgan Stanley Asset Management ChongFUtLtaa General manager, The Singapore Mint BManaChoo First vice-presi-dent/research manager (South Asia),
        3,566 words
      • 3506 19  -  To work, to nurture, or to do both with the help of a relative or maid? lai ah bmo takes a closer look at the tough choices facing today's career women LAI AH HMG Dr Lai Ah Eng is a sociologist/anthropologist by training. In her
        PHOTO BY CHRIS LOH  -  3,506 words
      • 1257 22  -  They're a rarity in Singapore, but women chefs are beginning to make their way into the kitchens of top hotels. Jim bb finds out what life is like in a traditionally male domain JAIME EE A SIDE from the bibiks who reign over their kitchens
        CHRIS LOH  -  1,257 words
      • 784 22  -  WINE CONNOISSEUR Women have long been playing important and even pre-eminent roles in the wine industry By. N K Yong IT WAS October 1806 and Nicole-Barbe Clicquot's husband Francois had just died at the early age of 30. She was 27, without any previous
        N K YONG  -  784 words
      • 995 24  -  t Today's woman no longer waits for hubby to reward her with a nifty little number. She takes an active interest in i choosing and buying her own car. And what lean, mean machines she's going for, Christopher tax reports CHRISTOPHER TAN
        PHOTOS OP JAGUAR BY CHRIS LOH; ERIC CHU  -  995 words
      • 926 24  -  TRAVEL Things about women travellers young and old, single and married that you may not have known By, Jaime Ee THE TRUTH is out. Real women go trekking and white-water rafting. And they don't always do it with men. In fact, when it comes to
        926 words
    • 680 20  -  CINEMA So the pop diva foiled to get an Oscar nomination for Evita. Don't cry for her, folks. She doesn't deserve it. S N Vasuki EVA Duarte Peron would not have been pleased. Evita, the movie adaptation of the Tim Rice-Andrew Lloyd Webber musical, arrives in
      680 words
    • 1097 20  -  NIGHTSPOT The good news is that there are places in Singapore where women can hang ont together after dark without being hassled By] Ben Munroe CELEBRATING International Women's Day 1997 with a couple of drinks in the company of good friends may sound attractive but could
      1,097 words
    • 600 21  -  CINEMA Grace Of My Heart hits the right note with a simply irresistible soundtrack By I Corinne Kerk GRACE Of My Heart is not the most memorable of film titles. Mention it to your friends and chances are they'll be asking you a day
      600 words
    • Article, Illustration
      390 21  -  Compiled by M Yasotha COMPBRBICES/8BMDIAR8 Leadership For Girls To commemorate International Women's Day, the Association of Women for Action and Research (Aware) and National Youth Achievement Award Council (NYAA) have jointly organised this conference which will be officiated by Senior Minister of State for Education and Health, Aline
      390 words
    • Article, Illustration
      1046 23 The Chamber. Adam Hall (Chris O'Donnell), a young gung-ho lawyer, battles to save his client Sam Cayhall (Gene Hackman), a Ku Klux Klan member sentenced to die in the gas chamber. Bishan: 11.30; 1.50; 9.30. Choa Chu Kang: 1.30; 9.15. Jurong: 1.30; 6.45. Lido: 4; 6.45; 9.15. Tampines: 11.20;
      1,046 words
  • Page 17 Advertisements
    • 34 17 A woman's dOMnaa To work or to nurture? EL3 CNrta* night oat Hassle-free drinking joints EL4 •Ming atom Evita and Grace Of My Heart reviewed EL4 5 LookwhrtoooMng Making inroads into all-male kitchens EL6
      34 words
    • 9 17 A who's who of women in Singapore, EL 2
      9 words
    • 105 17 nmiadlMafwtaM Indomitable spirits, formidable palates EL6 OMfbrtlMreftd The cars that women are buying for themselves ELB TrmDira'Qhaok Where in the world are women going? ELB 4 I t A v. J I f I Fresh. prints of Bel Air. 4 i Masterpieces (it to grace the walls of Bel Air.
      105 words



  • Page 20 Advertisements
    • 190 20 To mark the International Woman's Day, The Business Times/Waterman will be offering 10 ladies a Waterman pen each. 9 i i IP** In three sentences, nominate a woman who you think deserves this pen and we will select 10 winners. The top three answers will get a Waterman Lady Agathe
      190 words

  • Page 21 Advertisements
    • 412 21 Where to wine, dine and entertain v f Unwind with golden bubbles at tke Hubert us Grill tkis Sunday witk a free glass of Gold Sekt Ckampagne, containing real 24 carat gold flakes. Tke perfect compliment to a Sunday Brunck, tkat even King Midas find kard to resist. A ANA
      412 words
    • 78 21 BIQGEST Dian Xin Restaurant At The Neptune on shenton Way Dian Xin/Lunch l(/Ji y|j j 11.30am-2.30pm UkJIS ncpcunc l 7TH FLOOR. OVERSEAS UNION HOUSE. j Western and local delights for a ideal family get together k Features weekly specialities 12 noon to 2.30pm every Sunday > Adult $25.00* Child (below
      78 words

  • Page 22 Advertisements
    • 63 22 will be three years old in seven days it, To celebrate our anniversary, we will be serving our new lunch menu at the original price of only $32++ from Monday 10 March to Saturday 15 March 1997. LES AMIS RESTAURANT WINE BAR 1 Scotts Road, *02-16 Shaw Centre, Singapore *****8.
      63 words

  • Page 23 Miscellaneous
    • 2094 23 TODAY'S TV BBCOMMEMDED VHWIM Fl«iliiiU .:m I I u* wS^X""'" IXOO NN TV Innovations. 4.00 YaAlif! And tVIO how a group Of demure PM Check the Score 1996. 4>30 Columbus Ana the i adies c i aS h with i£ Svalf" erßushbabyln Winner IS free-living saloongirls in a 340 Golfing
      2,094 words