The Business Times, 23 July 1994

Total Pages: 28
1 28 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Weekend Edition. July 23-24 1994 WE KNOW ASIA 75'
    13 words
  • 656 1  -  By Shiv Taneja SINGAPORE With the half-year results of locally listed companies to be announced in the coming few weeks, analysts are predicting average earnings per share growth of 16.5 per cent for the six months to June, and 17.5 per
    656 words
  • 353 1  -  By Quak Hiang Whai SINGAPORE Governmentowned POSBank has reported a 34 per cent rise in group net surplus for 1993. The surplus totalled $122.76 million, up from $91.89 million in 1992, according to the bank's annual report released yesterday. The surplus was after payment of $15.54
    353 words
  • 187 1 Knight-Ridder, Reuter NEW YORK The US dollar fell off its morning highs against the mark and the yen in New York trading yesterday, but there seemed to be little reaction to Federal Reserve chairman Alan Greenspan, who had little new to say about the
    Knight-Ridder,; Reuter  -  187 words
  • 90 1 Reuter HONGKONG The Hong Kong Economic Journal yesterday quoted Chinese Finance Ministry officials as saying both the World Bank and the International Monetary Fund would hold their annual meetings in Hongkong in September 1997, shortly after the colony returns to
    Reuter  -  90 words
  • 486 1 Bloomberg Business News, NYT, AFP WASHINGTON Federal Reserve chairman Alan Greenspan said yesterday that he supports the Treasury's call for a strengthening of the US dollar in currency markets. "It is in our interest to have a stronger dollar," he said in delivering
    Bloomberg Business News, NYT, AFP  -  486 words
  • 675 1 Anwar declines comment on lifting of trade ban Bernama. Reuter KOTA TINGGI Malaysian Law Minister Syed Hamid Albar said yesterday the government may consider taking legal action and banning the Financial Times of London for implicating a Malaysian minister over
    Bernama.; Reuter  -  675 words
  • 69 1 Reuter NEW YORK Blue chip stocks were slightly lower at midday yesterday in trendless trading as the market focused on individual quarterly earnings reports. In the broad market at Ipm EDT, advances and declines were almost equal on light turnover of 156 million shares on the
    Reuter  -  69 words
  • 70 1 Reuter WASHINGTON Leading senators from both parties met President BiU Clinton but said they had yet to agree on a plan on how to pay for the Gatt world trade pact. "We did not reach an agreement, but we're going to
    Reuter  -  70 words
  • 57 1 Bloomberg Business News PITTSBURGH HJ Heinz Co expanded its global baby food business yesterday, completing the acquisition of Farley's Health Products from Boots Co pic for almost US$l44 million (SS2I7 million). The acquisition, which was announced in late May, bolsters the Pittsburgh-based food
    Bloomberg Business News  -  57 words
  • 159 1 Stock Market HnHcm Friday Chance ST1I 2,199.22 -9.29 KLSEComp 1000.46 +4.10 Nikkei 20,462.89 -160.03 Hans Seng 9,152.99 +35.33 SET Index 1,348.06 +6.05 Jakarta Comp 459.07 -2.07 CLSA China B .......991.15 -3.48 Aust All Ord 2,052.6 +3.3 FTSEI00 3,114.7 +19.6 Friday Pi f > km 2p«n cloae DowJonet 3731.48 3,732.45 Average
    159 words
  • Page 1 Advertisements

  • SINGAPORE NEWS
    • 573 2  -  500 queue for The Makena, 1,000 a day inquire about Valley Park By A J Laow, Abdul Hadhi DESPITE government moves to cool the property market, demand is still running hot judging by the response to two projects launched this week. About 500
      Photo by Christopher Loh  -  573 words
    • 267 2 THE Port of Singapore Authority will maximise automation at the new Pasir Panjang mega port to stay competitive in the next century. At the signing of a research and development agreement with the National University of Singapore yesterday, PSA engineering director
      267 words
    • 212 2 GOVERNMENT-owned Singapore Technologies Holdings, a diversified group which includes a number of publicly listed arms, has appointed a new chairman following the retirement of J Y Pillay last month. STH said yesterday Lim Siong Guan has been appointed chairman with effect from
      212 words
    • 316 2  -  By Ramesh Divyanathan THE Appeal Court has reserved its decision in a case concerning a property agent's claim for commission for introducing a buyer and seller. Earlier this year, the High Court ruled in the case that mere introduction of a
      316 words
    • 239 2 THE Public Works Department will spend $140 million to upgrade part of Jalan Ahmad Ibrahim into an expressway by the year 1998. The stretch of Jalan Ahmad Ibrahim from Jurong Town Hall Road to Tuas West Drive will be upgraded to form an extension
      239 words
  • Page 2 Advertisements
    • 433 2 VISIT THE TOP ROTATING EQUIPMENT FLUID HANDLING SYSTEMS MEGA EXHIBITION AND CONFERENCE IN ASIA 10 AM 6 PM DAILY JULY 20 23,1994 (WED SAT) HALLS 4 (HARBOUR PAVILION), 5, 6 1 WORLD TRADE CENTRE SINGAPORE fPI! PUMPS SYSTEMS ASIA'94/VALVES AND PIPING ASIA'94/FILTRATION WATER TREATMENT SYSTEMS Q/ftl ASIA' 94 (VENUE: HALLS
      433 words
  • Page 2 Miscellaneous
    • 489 2 I SkppKK Slightly hazy. Showers over a tew areas in the late morning and early afternoon. (Temperature range: 25-33). fatofwifc mw c lnn mntf Cm*. BuanoaMw xyu cm, AucMOTd 16/10 Rw- AmsMKta* 23/14 Oa> Cncago 29/17 Otm Ban*«* 32/26 Cloudy MM. 33/22 Cloudy Honolulu 32/26 Otm BeM 32/23 Cloudy Ber*n
      489 words

  • THE REGION
    • 420 3  -  27th Asean Ministerial Meeting Reports by Yang Razali Kassim in BANGKOK FOUR South-east Asian claimants of the Spratly Islands have rejected China's insistence that the disputed South China Sea not be discussed at the Asean Regional Forum, which begins on Monday. Vietnam
      420 words
    • 615 3 BANGKOK Asean foreign ministers have agreed to hold a summit of Asean leaders in Thailand late next year to take up, among other things, regional security issues which have dominated talks here since Thursday. Concern over a regional arms race, disputes
      AFP  -  615 words
    • 384 3 BANGKOK Singapore yesterday called for a balanced, step-by-step approach in the development of the Asean Regional Forum, which begins here on Monday. Foreign Minister S Jayakumar, addressing the 27th Asean Foreign Ministers Meeting, said that to force the pace of the ARF would cause
      384 words
    • 641 3 Bloomberg Business News SHENZHEN, China Authorities caught up with Wang Lin as he tried to cross the border from Shenzhen into neighbouring Hongkong on a dubious passport. He is now being investigated for securities fraud, newspapers in the British territory say.
      Bloomberg Business News  -  641 words
    • 450 3 Reuter TOKYO Senior US and Japanese officials meet today for another round of talks on improving access to Japan's public procurement market, but prospects for a breakthrough before a July 31 deadline appear cloudy. "My impression is that they have not progressed
      Reuter  -  450 words
    • 295 3 UPI BEIJING China's cabinet has started an emergency conference on its state firms, which are sinking under a huge debt burden while the private sector booms, according to the People's Daily yesterday. "The situation is not totally hopeless, but state firms
      UPI  -  295 words
    • 322 3 AFP MANILA The creation of a growth triangle comprising the contiguous areas of Indonesia, Malaysia and Thailand can now be realised with the completion of an Asian Development Bank-led study, ADB officials said here yesterday. "The study is completed, the next
      AFP  -  322 words
    • NOTE BOOK
      • 114 3 Reuter BEIJING China's output of electronic goods soared in the first six months, but stockpiles of major products rose due to declining sales, Xinhua news agency said yesterday. Production value in the electronics sector grew 31.2 per cent in the first two quarters to 82 billion
        Reuter  -  114 words
      • 67 3 AP SEOUL Workers at the world's largest shipyard defied a company lockout for the third straight day yesterday, and about 10,000 riot police were deployed nearby. Labour activists at the Hyundai Heavy Industries Co shipyard in the southern city of Ulsan. armed with metal pipes and
        AP  -  67 words
      • 47 3 AFP TAIPEI "Waiter" Lin Kuang-peng attending to two customers at the Snow Ball Restaurant, Taiwan's first restaurant for dogs, yesterday. One chicken dish with a side order of mushrooms, tomatoes and potatoes costs US$5.5O (558.30), while a steak meal costs USSI3. AFP
        AFP  -  47 words
      • 65 3 Reuter HONGKONG China imported US$2O billion worth of machinery products between January and May this year, up 27.7 per cent from the same period last year, the Beijing controlled Hongkong China News Agency said yesterday. China's Ministry of Machine-Building Industry is studying ways to reduce
        Reuter  -  65 words
      • 67 3 Reuter MANILA Philippine agricultural products could be shut out of the global market if the government fails to approve the Gatt trade deal. Agriculture Secretary Roberto Sebastian warned yesterday. The agreement faces a tough ratification battle in the Philippine Senate, which is expected to
        Reuter  -  67 words
      • 79 3 Bloomberg Business News TAIPEI Taiwan has hinted that it will award part of a US$6.4 billion nuclear power plant contract to an American company if Washington makes diplomatic concessions to the country. Business Week magazine said it will report in its Aug I international edition.
        Bloomberg Business News  -  79 words
      • 80 3 AFP SHANGHAI The authorities here are to set price ceilings on vegetables in a trial bid to stop price gouging in the city's markets, reports said yesterday. The move comes as vegetable prices during the July-August off season continue to rise, with some market vendors
        AFP  -  80 words

  • THE REGION/WORLD
    • 513 4 Washington decided to cut quotas from July 1, says Chinese media Bloomberg Business News Reuter, BEIJING China yesterday castigated the United States for unilaterally slashing Chinese textile import quotas and warned of a possible trade war. A US
      Bloomberg Business News; Reuter,  -  513 words
    • 361 4 UPI, Reuter TOKYO Japan yesterday condemned the launch of a satellite by a China-backed consortium and called on Beijing to change its planned orbit or frequency band so it would not interfere with a satellite owned by a Japanese company. An
      UPI,; Reuter  -  361 words
    • 377 4 Reuter "WASHINGTON The CIA yesterday said that China is tontrolling its booming economy better but without full success yet, because inflation remained above 23 per cent in cities this year. "They haven't solved this by any means," Central Intelligence Agency analyst Martin
      Reuter  -  377 words
    • Article, Illustration
      52 4 AFP TAIPEI This three-storey house in Taipei's suburban Tamsui area caved in early yesterday, causing panic among residents. Owner Chen Yun-wei claimed that the ground under his home had been shaken loose in the past year as hundreds of trucks had collected dirt to cover a garbage
      AFP  -  52 words
    • 434 4 Reuter TOKYO North Korea said yesterday it would resume high-level talks with the US in Geneva on Aug 5. "A working-level contact took place in New York on July 21 at which the sides agreed to resume the talks in Geneva
      Reuter  -  434 words
    • 295 4 AP BOMBAY The Indian economy will grow by 5 per cent in fiscal 1994-95 and witness a growth rate of 6-7 per cent in about three years from now. Finance Minister Manmohan Singh said yesterday. Mr Singh told a meeting organised by the ruling
      AP  -  295 words
    • 525 4 The Washington Post WASHINGTON You may need luck to make millions, but you'll probably also need a college degree, according to a Census Bureau report released on Thursday. The report shows that staying in school pays off: the higher the academic degree, the
      The Washington Post  -  525 words
    • 354 4 The Straits Times TOKYO Japanese Prime Minister Tomiichi Murayama is to make a week-long visit to Singapore and three other South-east Asian countries from Aug 23, press reports said here yesterday. Japanese foreign ministry officials acknowledged yesterday that preparations for the visit
      The Straits Times  -  354 words
    • 479 4 Reuter BONN The German parliament gave its blessing retrospectively to the deployment of ships and airmen around former Yugoslavia yesterday, the first time it has ever approved the use of German forces in a combat role abroad. In a historic decision which followed
      Reuter  -  479 words
  • Page 4 Advertisements

  • THE WORLD
    • 362 5 Los Angeles Times WASHINGTON President Bill Clinton unveiled his longawaited national security strategy on Thursday, outlining a broad approach to foreign policy issues decidedly more muted than the one he and his aides described during the early days of the administration. The 50-page document, distributed
      Los Angeles Times  -  362 words
    • 373 5 AP WASHINGTON President Clinton is seeking explicit UN authorisation for any invasion to oust Haiti's military leaders, a decision likely to put any military action there on hold until late August at least, senior American officials said on Thursday. The
      AP  -  373 words
    • 277 5 Reuter GENEVA Top Gatt diplomats yesterday decided that Geneva rather than Bonn would be the site of the powerful new World Trade Organisation (WTO), which is due to come into existence next year. The decision, inevitable after it was officially
      Reuter  -  277 words
    • 56 5 Reuter MOSCOW Russian Interior Ministry police arresting a drag denier in a Moscow suburb. A security service spokesman said 238 criminal gangs with total membership of 938 people had been "liquidated" in the past six months, and 613 firearms and 38 kg
      Reuter  -  56 words
    • 102 5 Reuter ROME Democracy is being delayed by rumbling stomachs in the land of pasta and pizza, an Italian member of parliament says. Lucio Leonardelli says the restaurant in the Chamber of Deputies should be closed during parliamentary debates to stop members from deserting their seats for
      Reuter  -  102 words
    • 201 5 AFP LONDON Britain's ruling Conservatives remain deeply unpopular with voters, trailing some 28 points behind the Labour opposition, according to the latest Mori findings in the Times yesterday. However, the poll also suggests Labour has a long way to go
      AFP  -  201 words
    • 130 5 Reuter MARSEILLE, France A three-day strike by French air controllers forced the cancellation of 60 per cent of flights to southeastern France yesterday at the start of a peak holiday weekend, airline officials said. The strike by 100 controllers in Aix-en-Pro-vence, in charge of air
      Reuter  -  130 words
    • 92 5 Reuter LUXEMBOURG Luxembourg yesterday repeated its opposition to a European Union-wide tax on interest income and said it would oppose any measure that threatened the Grand Duchy's banking secrecy. "(Luxembourg) will oppose any solution which would not satisfy double internal and external conditions on (the
      Reuter  -  92 words
    • 102 5 Reuter ROME Italy's government, battered by internal strife over a decree that helped scores of corruption suspects leave jail, met yesterday to discuss an amended draft law after it was forced to scrap the original measure. Prime Minister Silvio Berlusconi's coalition nearly crashed earlier this week
      Reuter  -  102 words
    • 92 5 Reuter BONN German Foreign Minister Klaus Kinkel will fly to Asia tomorrow to boost trade and investment and take part in regional talks, his ministry said yesterday. Mr Kinkel, who will be accompanied by a delegation of senior businessmen, will attend the first congress of
      Reuter  -  92 words
    • 351 5 Reuter LONDON British Chancellor of the Exchequer Kenneth Clarke yesterday welcomed figures showing the British economy growing at its fastest since the recession ended and pledged to ensure that growth continued for years. The Central Statistical Office (CSO) said gross domestic product (GDP)
      Reuter  -  351 words
    • 439 5 Reuter WASHINGTON Policymakers, bankers and academics celebrated the 50th anniversary of the IMF and the World Bank on Thursday trying to thrash out ways to tame unruly currency markets and improve the working of the world economy. But they failed to
      Reuter  -  439 words
    • 1367 5 *m ol Afca PtaM GA976 0010 kmmm RJ187 0100 fcMtartfMi SQ25 0630 KL838 2300 KL837 1450 SQ324 2345 Mtmi MZ21 1735 BA11 1505 SQ286 2040 NZ22 1850 talwala GF148 0905 GF147 0500 Sari Bagawaa B142I 1105 SQ182 0915 SQ181 1410 BI422 1210 B1429 2030 BI430 2125
      1,367 words

  • COMPANIES & MARKETS
    • 609 6  -  But parent WBL Corp still optimistic By Lee Han Shih, Joseph Rajandran SINGAPORE WBL Corp's efforts to turn around its lossmaking subsidiary Wearnes Technology (WT) have hit rough weather, but the listed conglomerate is still optimistic over its technology business. Its CD-ROM (compact disc-read
      609 words
    • 238 6 SINGAPORE Sincere Watch, which is embarking on a major regional expansion, expects overseas sales to account for a third of its turnover in three years' time. At present, about 90 per cent of Sincere's revenue comes from its four retail outlets in
      Photo and report by Arthur Lee  -  238 words
    • 916 6  -  HOCK LOCK SIEW By Quak Hiang Whai SINGAPORE Banking stocks have been quietly but surely picking up in the last two weeks. The ST Finance Index has put on about 5 per cent in that time, with
      916 words
    • 245 6 SINGAPORE Singapore Airlines will relocate labourintensive work in its finance department to China as part of a company-wide cost-cutting exercise to help arrest falling yields. SIA will no longer need to engage about 50 part-time and temporary staff to do the job. Another
      245 words
    • 219 6 SINGAPORE Eng Wah Organisation made a cautious stock market debut yesterday, with its shares closing at 66 cents one cent above the offer price for the fixed portion. Analysts said this showed the stock was fairly priced. Like most other
      219 words
    • EYE on your STOCKS
      • 18 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance Investment section)
        18 words
      • Article, Illustration
        164 6  -  By Paul Leo First Capital Corporation fell six cents to $4.58 yesterday on strong volume of 304,000 units slightly more than twice that of the 10-day average of 145,000 shares. But the worst is over. Its daily and weekly Moving Average Convergence-Di-vergence Indicators are about to signal a
        164 words
    • COMPANIES
      • 440 7  -  From Al Labita in MANILA MANILA Malaysia's Genting International had not abandoned its plan to put up a US$lOO million (S$ 151 million) resort and casino complex at Subic Bay, a Philippine government official said yesterday. "Genting remains committed to invest in
        440 words
      • 435 7 Reuter SYDNEY Fast-growing Asian stock markets are a threat to the Australian Stock Exchange, diminishing Australia's position as one of the top three bourses in the region, the exchange's managing director said yesterday. "Several of them are growing faster than we are and
        Reuter  -  435 words
      • 1049 7 Payment Ex Books Pay (S) date close date Alt* Hldgs 50* b 6 Sep 6 Sep 12 Sep 22 Aracol 25* F 20 Jul 26 Aug I Aug 23 Asia Pac Ld b 2TE Aug 10 Aug 24 Sep 23 Asia Pacific I UN Jul It Jul IS Jul 21.
        1,049 words
      • 179 7 Bernama KUALA LJU>iPUR Gaming grouppic sees the opening upflHNHrtopportunities as investment builds up in the telecommunications network in Malaysia. Tanjong chief executive Tan Poh Ching told reporters after the company's 67th annual general meeting here yesterday that it could do business by using the
        Bernama  -  179 words
      • 237 7 Bernama KUALA LUMPUR Nam Fatt Bhd has proposed to acquire 70 per cent of the rights and interest in Chongqing Jingfa Yangtze Bridge Construction Co Ltd for MS 148 million (SSB6 million) cash. The vendor of the rights and interest
        Bernama  -  237 words
      • 411 7 MBT KUALA LUMPUR Sime Darby Bhd's cash offer for UK-based Lec Refrigeration pic (Lec) is seen as a bold move that will pay off in the long run. Analysts said Lec, which suffered losses in the last two years,
        MBT  -  411 words
      • COMPANY BRIEFS
        • 82 7 Bernama KUALA LUMPUR The Pacific Bank Bhd's proposed bonus issue, rights issue and the renewal and amendments to the bye-laws of its executive share option scheme have been approved by Bank Negara and the Securities Commission. A Pacific Bank statement yesterday said the
          Bernama  -  82 words
        • 65 7 AFP KUALA LUMPUR Pan Malaysian Industries Bhd (PMI), the investment holding company of the MUI Group, yesterday reported a 195 per cent hike in group pre-tax profit for the year to March, following the solid performance of its cement and retailing units. PMI said
          AFP  -  65 words
        • 104 7 SINGAPORE Ssangyong Cement (Singapore) Ltd, through its wholly-owned subsidiary Vermiculite Industries (VIS), has set up a joint venture with Aeracon Manufacturing Pte Ltd (AM) to carry out manufacturing, maintenance and marketing of lightweight concrete products. The joint-venture company, Aeracon Technologies (AT), has a paid-up capital
          104 words
        • 105 7 SINGAPORE A company in Singapore Telecommunications Ltd's stable has set up a subsidiary in Malaysia named Multi Media Communications Sdn Bhd. TE International Sdn Bhd, a wholly-owned subsidiary of Telecom Equipment Pte Ltd which in turn is a wholly-owned subsidiary of Telecom, has taken a 51
          105 words
        • 67 7 SINGAPORE Hup Seng Huat Co Ltd (HSH) has increased the paid-up capital of its wholly-owned subsidiary Deluxe Attempt Sdn Bhd (DA) from Ms 2 (551.16) to M$ 100,000 to buy a 99-year leasehold single storey factory-office unit in Shah Alam Industrial Estate. The
          67 words
      • 227 7 Bernama KUALA LUMPUR Utusan Melayu (Malaysia) Bhd's offer of 271.91 million shares for sale to the public have been subscribed 62.11 times, an official of MIDF Consultancy and Corporate Services Sdn Bhd said yesterday. For this portion, a total of 172,531 applications
        Bernama  -  227 words
      • 397 8 NYT NEW YORK Short-selling, commonly viewed as a bet that a stock's price will decline, rose on the New York Stock Exchange last month, but fell on the American Stock Exchange, the exchanges reported on Thursday. The total number of shares sold short
        NYT  -  397 words
      • 280 8 Bloomberg Business News MOUNTAIN VIEW, California Silicon Graphics Inc, already well known for creating the dinosaurs in Jurassic Park, on Thursday launched Silicon Studio Inc, a wholly-owned subsidiary aimed at taking advantage of the burgeoning link between computers and the entertainment industry. "We're making
        Bloomberg Business News  -  280 words
      • 47 8 Reuter LAS VEGAS The 17-storey south tower of the Dunes Hotel collapses after demolition teams used 100 kg of dynamite to implode the building, which is to be replaced by a theme resort and man-made lake by its owner Mirage Resorts. Reuter
        Reuter  -  47 words
      • 186 8 Bloomberg Business News SYDNEY New Zealandbased Rank Commercial said it will drop its Assol million (***** million) takeover bid for Australia's Foodland Associated Ltd if the Federal Court denies the company's appeal seeking to overturn an injunction blocking the offer. Rank, an investment company
        Bloomberg Business News  -  186 words
      • 180 8 Bloomberg Business News STUTTGART Helmut Werner, chief executive of German luxury car maker Mer-cedes-Benz AG, said he expected the company to post a "substantially better" result for the full year. That is despite an expected drop in sales in the second half
        Bloomberg Business News  -  180 words
      • 76 8 Reuter PHILADELPHIA Cable television operator Comcast Corp said on Thursday that Liberty Media Corp was joining its bid for QVC, and that it would now make an all<ash ofier of US$44 a share for the home shopping network. Earlier this month Comcast offered to
        Reuter  -  76 words
      • 89 8 Reuter HONGKONG Guoco Properties Ltd, a 55 per cent-owned subsidiary of Guoco Group Ltd, said it will invest 150 million yuan (5526.1 million) to take a 75 per cent stake in Beijing Ming Hua Property Co Ltd, a unit of Beijing Huarong Investment Co
        Reuter  -  89 words
      • 76 8 Bloomberg Business News ATLANTA Insiders say Turner Broadcasting System Inc may discuss plans to bid for CBS Inc, the Wall Street Journal Europe reported, but directors are unlikely to vote on the matter as two of the most powerful members of the board will
        Bloomberg Business News  -  76 words
      • 61 8 Bloomberg Business News REDMOND, Washington Microsoft Corp, the world's largest independent software company, said it did not expect to begin collecting revenue from the next version of its Windows operating system, "Chicago", until next April. But a spokesman said Microsoft still planned to begin shipping
        Bloomberg Business News  -  61 words
      • 236 8 Bloomberg Business News WASHINGTON If Fuji Photo Film USA Co agrees to jack up its prices in the US, the Japanese photography company may escape tariffs of more than 300 per cent on its products, according to an agreement
        Bloomberg Business News  -  236 words
    • US CORPORATE RESULTS
      • 93 8 Reuter NEW YORK Just one year after Northwest Airlines narrowly avoided bankruptcy, the fourth largest US airline reported its largest ever second-quarter profit. Northwest Airlines on Thursday reported a profit of US$7l.3 million (Sslo9 million), or 68 cents a share. That compared with a net loss
        Reuter  -  93 words
      • 75 8 Bloomberg Business News BOSTON Gillette Co said second quarter earnings rose 21 per cent, surpassing estimates, as higher sales in the US and elsewhere more than offset sluggish performance in Europe. The Boston-based maker of razors and blades, personal-care products, and stationery supplies
        Bloomberg Business News  -  75 words
      • 120 8 Bloomberg Business News LOS ANGELES Mattel Inc and Tyco Toys Inc on Thursday reported strong second-quarter profits as rising sales and cost controls boosted results for the two toymakers. Mattel, the nation's largest toy company, reported net income of US$57.l million (SsB7 million), or
        Bloomberg Business News  -  120 words
      • 89 8 Bloomberg Business News BOSTON Bank of Boston Corp said on Thursday that second quarter net rose 32.5 per cent, primarily because of increased income from its lending business. The Boston-based banking company said net income rose to U5594.5 million (S$ 144.6 million), or 80
        Bloomberg Business News  -  89 words
      • 89 8 Bloomberg Business News MILPITAS, California C-Cube Microsystems Inc, one of Silicon Valley's hot new public companies, reversed a secondquarter loss by selling almost twice as many computer chips as last year many of them to the booming karaoke market. C-Cube, which first sold stock to
        Bloomberg Business News  -  89 words
      • 72 8 Reuter PITTSBURGH Westinghouse Electric Corp said yesterday costs would continue to come down significantly in 1994 and 1995. "In line with achieving our goal of improved margins, we have accelerated our cost reduction efforts," said Michael Jordan, Westinghouse chief executive officer, in a statement released with
        Reuter  -  72 words
      • 67 8 Bloomberg Business News SAN ANTONIO Southwestern Bell Corp said on Thursday second-quarter earnings rose 14.1 per cent, paced by customer growth in its cellular unit. The regional Bell operating company reported net income of U*****.5 million (Sss9o million), or 64 cents a share, up from
        Bloomberg Business News  -  67 words
      • 370 8 Reuter CUPERTINO, California Apple Computer Inc, which recorded steep losses a year ago due to a restructuring, yesterday reported better-than-expec-ted profits for the latest quarter. It cited strong sales of its new Power Macintosh machine for a 15 per cent boost in
        Reuter  -  370 words
      • 402 8 Bloomberg Business News PITTSBURGH USX-US Steel Group, the nation's largest steel producer, joined the growing parade of profitable steelmakers in the second quarter, rebounding from a staggering loss to post higher-than-expected earnings. Buoyed by a crush of orders from vehicle-makers, steel service centres
        Bloomberg Business News  -  402 words
      • 236 8 Reuter LOS ANGELES Lockheed Corp on Thursday reported an 11 per cent rise in second quarter share earnings despite an 8 per cent fall in revenues. The diversified aerospace company attributed its earnings gain to improved profit margins in its major programmes along
        Reuter  -  236 words
      • 317 8 Bloomberg Business News NEW YORK Bankers Trust New York Corp said secondquarter earnings fell 27.9 per cent as rising interest rates and volatile worldwide stock and bond markets took a toll on trading revenue. The seventh-largest US banking company said net income
        Bloomberg Business News  -  317 words
      • 295 8 Bloomberg Business News OAK BROOK, Illinois McDonald's Corp said on Thursday that its second-quar-ter net income rose 12 per cent on stronger domestic margins and overseas expansion. The fast-food chain said it earned U*****.3 million (*****.7 million), or 44 cents a share, up from
        Bloomberg Business News  -  295 words
    • SHIPS IN PORT
      • 534 9 tod Hi lit Birth Waj Ooporturt larMf Part kits Can* *9405 a tkMP* Z30//2300 M Mm OH 11 akMfadt 2107/2300 Da Smpura 15/94 12/3 23.07/2300 EMr» to* I/O 115/16 Map* 2107,0600 KMmM ASL «7 117/11 Mp* 2107/1200 ft* 8» 07/05/* 112 Mpk 2107/0300 r*iS#l 21 B AMU*
        534 words
      • 1580 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Bookinf/Baiance RsJts SMp Voy No Etb/Btr Period From To From Aa Mi 196* 24/0500 IB 22/1500 22/ICS 22/1)00 28 22/1/00 23/0659 23/0900 4 23/1200 23/1459 23/1/00 tmf *****H 23/1000 18 22/1500
        1,580 words
    • FINANCE & COMMODITIES
      • 406 9  -  From Lim Soon Neo in HONGKONG HONGKONG is introducing regulations this year to control the retail end of leveraged foreign exchange trading to protect retail foreign exchange investors. "The HK industry itself is unique. You will not Find the same level of
        406 words
      • 390 9 NYT WASHINGTON Citing some banks' heavy losses from risky investments, a senior United States bank regulator issued a legal warning to the industry on Thursday that many banks should avoid the potentially volatile securities known as structured notes. Structured notes are debt securities
        NYT  -  390 words
      • 93 9 AFP TAIPEI Taiwan is to allow overseas branches of local banks to deal with their Chinese counterparts in selective banking operations, the Commercial Times said yesterday. The move would be the latest in a series of financial liberalisation measures aimed at boosting business and
        AFP  -  93 words
      • 67 9 Bloomberg Business News HONGKONG Cotibank, the largest US commercial bank, is selling HK$l billion (S$ 193.5 m) worth of mortgage-backed bonds in a three-part financing through its Hongkong branch. Goldman Sachs (Asia) and Citicorp International Ltd, Citibank's securities underwriting unit, are joint lead underwriters of
        Bloomberg Business News  -  67 words
      • 68 9 Reuter LONDON A proposed one billion Forint five-year bond for the European Bank for Reconstruction and Development (EBRD) will be the first such bond to be lent on directly, rather than swapped, the EBRD said. The tap issue will be launched next week through lead
        Reuter  -  68 words
      • 37 9 Reuter SILVERDALE, England Workers at Silverdale Colliery, Staffordshire, leaving their first shift at the newly opened coal mine on Thursday. Silverdale closed in December 1993 and is now privately owned. Reuter
        Reuter  -  37 words
      • 266 9 Reuter TOKYO The foreign exchange market in Tokyo needs drastic and comprehensive deregulation to stop more liquidity spilling over into Hongkong, Singapore and other markets, the president of a big Japanese currency brokerage said. "With the background of increasing cross-border transactions, it
        Reuter  -  266 words
      • 263 9 Bloomberg Business News NEW YORK Goldman, Sachs Co has been told to pay US$2.B million (554.2 million) to a group of investors who said the firm encouraged them to buy stock in a struggling British jeweller without disclosing important information about the
        Bloomberg Business News  -  263 words
      • 555 10 Rubber sell-off fails to halt spiralling prices Reuter KUALA LUMPUR The International Natural Rubber Organisation (Inio), having failed to stop rising prices despite unloading huge amounts of rubber on the market, is curbing sales to preserve its stockpile. "We will vary our disposals
        Reuter  -  555 words
      • 339 10 AFP JAKARTA South Korea is to increase its import of liquefied natural gas (LNG) from Indonesia with two new contracts for the medium and long-term supply of LNG. The Antara news agency quoted Indonesian Director General for Oil and Gas Suyitno Padmosukismo
        AFP  -  339 words
      • 202 10 Reuter LONDON Oil prices moved higher again yesterday as the three-week-old Nigerian oil workers' strike appeared to be heating up. Bellweather September Brent blend crude futures in London were up 20 cents a barrel at US$l7.BB late in the afternoon, breaking
        Reuter  -  202 words
      • 363 10 DBS weekly currency review USD/DM: Mb Alt Back THE US dollar slipped to 1.5395 on Monday, after which buying interest returned to push it to a high of 1.5945 on Thursday. Although the technical picture has turned bullish, the daily stochastics are overbronght and strong
        363 words
      • 413 10 Reuter CANBERRA Major alu-minium-producing countries have pledged to continue a round of voluntary production cuts agreed in March, which has brought the industry back from the brink of collapse. After a two-day meeting in Canberra on Thursday, 35 government representatives from Australia, the United States,
        Reuter  -  413 words
      • Article, Illustration
        116 10 THE US$ was higher across the board yesterday, helped by a recovery in the option market. Against the Ss, the USS opened at 1.5130-35, up from 1.5095-05. Sentiment continued to be USS bearish but it was evident that corporate sales were absorbed by local support for the dollar.
        Charts by Dow Jones Telerate  -  116 words
      • 181 10 Reuter LONDON The US dollar clutched a four pfennig gain after a week of relatively positive performances yesterday, but retreated after peeping back above the 1.60 mark parapet for a 1-1/2 pfennig gain on the day. A string of comments from US officials repeating that the administration wanted a
        Reuter  -  181 words
      • 91 10 AFP NEW YORK The dollar was up against other major currencies with the exception of the yen in quiet trading yesterday ahead of Congressional testimony to be given by Federal Reserve chairman Alan Greenspan. The ounce of gold meanwhile was 30 cents up at U*****.40 compared to its
        AFP  -  91 words
      • Article, Illustration
        1240 10 trade-*i ixhHil indrr (v/rdofit/ ujfotnu S'porr's lap 14 Ira/hug partnm Bast year. imj US$/S$ forward rates Noon July 22 St M (Mr 1-monih I 5107 1.5121 2-moMh I .SON 1.5110 g 3-moMh 1 508* 1.5100 6-<noMh I. JO JO I.J070 Source: OCBC FOREIGN CURRENCY NOTE RATES As at Im m
        1,240 words
    • COMMODITIES & FUTURES
      • 1258 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended easier but off the day's lows. Dealers said sentiment in the market was weak due to the stronger dollar/yen rate and the firm rates in the cash market. A dealer with a Japanese commission firm
        Reuter  -  1,258 words
      • 661 11 COMMODITY REPORTS KL Tin KUALA LUMPUR: Tin fell 36 cents to close at M$ 13.59 a kg. mainly affected by news that the US DLA was looking to add 79,000 tonnes to its sales stockpile. traders said. "The news sparked off" a lot
        661 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 105 11 NEW DELHI The Indian government has allowed sugar mills to sell 575,000 tonnes of white sugar on the free market in August, down from 600,000 tonnes permitted in July, a Food Ministry official said. Apart from the free market sale, the government also will
          105 words
        • 100 11 SINGAPORE Indonesia looks sure to import rice this year despite official denials in Jakarta that an expected fall in output will not result in shortages. Indeed, signs already are emerging that some deals are on the board. Import licences apparently have been issued to private Indonesian
          100 words
        • 58 11 SYDNEY Northern Australian feed grain users are covering until the end of the year with supplies from the southern states, in expectation that the Queensland feed barley crop will fail. Traders said feed grain users are expecting little Queensland grain will be available until the
          58 words
        • 49 11 HONGKONG The state-run Taiwan Sugar Corp will retender on Aug 2 in New York to buy 30,000 tonnes of optional-origin raw sugar, a company official said. Shipment of the sugar, with a minimum polarisation of 98.6 degrees, is slated for Sep 15-30.
          49 words
      • 2523 11 Rubber July 22 Singapore Commodity Exchange P>y»ka< (futures clatiac «t S.30pm) Bny*n SMkrt As at 12 MM (S cents/kg) RSS 1 CMrtract (S cents/kg) v |mf 7Z— RSS 2 Aug 94 216.00 2I7.00N Mo«,h H..h Low (tonnes! IntefS RSS 3 Aug 94 215.00 216.00N Month <t0nnCT) ntCrC>> RSS
        2,523 words
    • REGIONAL STOCK MARKETS
      • 992 12 +3.3 Stocks closed slightly firmer in subdued trade, cautious ahead of further testimony by US Federal Reserve chairman Alan Greenspan. Mr Greenspan prompted an almost 30-point drop in the All Ordinaries index on Thursday after earlier telling Congress a further tightening in monetary policy was possible. The All Ordinaries
        992 words
      • 553 12 +59.61 Share prices surged yesterday, triggered by reports of better than expected earnings of Philippine National Bank (PNB) and positioning in SM Prime Holdings Inc., an analyst said here. The Philippine Stock Exchange said the index closed at 2,708.15 points, representing a 59.61-point or 2.25 per cent advance. Turnover
        553 words
      • 391 12 +3.74 A technical-rebound following a seven-day decline pushed Seoul stocks to a higher close in thin trading, brokers said. The Composite Stock Index added 3.74 points to 939.09. 'The market rose on a technical rebound in reaction to recent declines but the rebound will be short-lived," said Jay Rhim
        391 words
      • 291 12 •9.93 The New Zealand share market closed slightly softer, with some selling at the end of a steady day. The NZSE-40 Capital Index closed down 9.93 points to 2026.27, and the small companies index was also fell, down 12.93 to 4368.64. The steady volume, NZ$52.l million, was distorted
        291 words
      • 522 12 -81.10 Heavy profit-taking emerged in late trade to send Taiwan share prices plunging to close down 1.23 per cent in hectic trade, brokers said. The index ended down 81.10 points at 6,496.60, off an opening high of 6,681.04. Turnover rose to T$ 126.17 billion from Thursday's T591.53 billion. "I
        522 words
      • 137 12 +6.71 Shares prices on the Bombay Stock Exchange (BSE) ended slightly up, mainly on buying in cash shares, brokers said. The 30-share BSE sensitive index closed 6.71 points higher at 4,111.18 points. The 100shares national index closed 2.82 points higher at 1,943.74. 'There was some buying in cash shares
        137 words
    • WORLD STOCK MARKETS
      • 786 12 +19.6 Shares on the London stock exchange closed higher yesterday, pulling back from the days best levels as wall street gave up early gains. The blue-chip Financial Times Stock Exchange 100share Index closed at 3,114.7, up 19.6 points. The narrower Financial Times 30 Index was at 2,425.2 points, up
        786 words
      • 147 12 -12.37 Shares finished lower after rallying from a weak start but were pulled down by weakness in bonds at the close, dealers said. They closed out their positions on the last day of the July account. Despite the soft close, operators maintained their optimism for the overall market and
        147 words
      • 164 12 +36.83 Share prices end official trade sharply higher yesterday, buoyed by the dollar's bounce to 1.59 marks. The Blue-chip DAX Index was up 36.83 points at 2,150.13, at highest level of day. Bank shares recover after coming under pressure on talks of low first half earnings. Results will be
        164 words
      • 141 12 +4.55 Shares continued to climb as the higher dollar, stronger bonds and a cut in short term rates by the National Bank boosted a lacklustre market. The Bel 20 index of shares closed 4.55 points, or 0.32 points, higher at 1433.06 points following an uncertain start to trading when
        141 words
      • 139 12 1.76pc Shares closed sharply higher supported by stronger European bourses and lower debt market yields. Several brokers said the rise could last a long way into August. "The bourse feels strong right now. We are waiting for the half-year corporate results that are expected to be considerably stronger than
        139 words
      • 290 12 +3.98 Shares closed firmly and despite thin trade showed evidence of a will to go further. The firm dollar and initially strong bonds were the inspiration, but investors are in any case convinced the next move will be up. "The undertone is very good," said one dealer. The AEX
        290 words
      • 271 12 14.65 Stocks advanced for the fourth consecutive day, as the renewed vigor or the dollar buoyed earnings prospects of industrial and pharmaceutical companies. The Swiss Market Index of 23 leading stocks closed 19.8 points higher at 2599.2, with 16 stocks advancing, one steady and six lower. It touched a
        271 words
      • 320 12 -5 Shares ended a disappointing week mixed yesterday as the market continued to scratch for fresh direction and look for fresh buyers in quiet trade. They said optimistic signs during the week that a rally could be underway continued to be undermined by sluggish world equity markets and an
        320 words
      • 292 12 •9.15 Stocks were little changed yesterday amid concern about higher interest rates and optimism about improved corporate earnings. The Toronto Stock Exchange 300 Composite Index fell as much as 0.19 points to 4172.40. About 21 million shares have changed hands in the session, compared with a three-month average of
        292 words
      • 646 12 4-5.18 Stocks turned mixed as a decline in McDonald's Corp's shares offset a surge Apple Computer Corp. "McDonald's is clearly a negative, and that's dragging down the Dow," said Gerald Simmons, manager of institutional trading at Interstate/Johnson Lane Inc. The Dow Jones Industrial Average fell as much as
        646 words
      • 148 12 +145 Stocks rose for the fourth day in ongoing celebration of the budget plan and amid positive economic news, traders said. The Mibtel Index dimbed 14S points, or 1.26 per cent, to close at 11,667, {ust nine points shy of its ligh for the day. Stocks ended the week
        148 words
      • 440 12 Vienna Jri 22 A*fc AUA 1170 30 Baali Aurtn* (P) 4*4 4 ComUMa J Flvgtafm 4B5 II Louing 1270 13 Lcytaa 41)' 4 Sttycr-OP 21) 2 Sirabtg I7K) 20 Vnttdar MS 3 WKiKfbot mo 33 Source: Bank Austria Aktiengesellchaft Nasdaq j«i 21 D5i +7. Adoipfe Coon Brroinf 20 t M
        440 words
    • Article, Illustration
      2816 13 Reuter HONGKONG Stocks ended moderately higher after late bargain hunting gained the upper hand, brokers said. The blue chip Hang Seng Index advanced 35.33 points, or 0.39 per cent, to close the week at 9,152.99. It stood at 9,124 at the midsession after profit-taking trimmed most early gains. "Meanwhile,
      Reuter; Source: Bridge Info  -  2,816 words
    • Article, Illustration
      539 13 The Shanghai "A" markets fell 4.75 per cent, but the "B" shares held firm, only slipping 0.6 per cent. Turnover has recovered slightly to US$l.99 million. Sewing Machine and Tyre Rubber are among the more actively traded counters. Wing Sung plummeted 5.7 per cent, and Erfangji fell 4.4 per
      539 words
    • Article, Illustration
      2505 13 Reuter TOKYO Stocks ended another lacklustre session with moderate losses yesterday. Sporadic selling by investment trusts and dealers' position adjustment hit prices in thin trade, while failing futures prices also contributed to lower cash prices, brokers said. In the directionless market, trade mainly focused on shares of smaller companies
      Reuter; Source: Bridge Info  -  2,505 words
    • Article, Illustration
      1720 13 Reuter BANGKOK Stocks ended higher on solid sentiment, with investors switching out of speculatives to blue chips, brokers said. The Stock Exchange of Thailand index rose 6.05 points to 1,348.06 on moderate turnover of 7.82 billion baht. The index hit a day high of 1,352.81 but was beaten back
      Reuter; Source: Bridge Info  -  1,720 words
    • Article, Illustration
      1138 13 Reuter JAKARTA Share prices closed lower in slow trading on profit taking but activity improved in the second session after overseas players came in for selective buying, brokers said. The Official Index ended 2.07 points lower to close at 459.07. "The market was going nowhere. testing resistance at the
      Reuter; Source: Bridge Info  -  1,138 words
    • 2332 14 M—TiBfltt Palmco Hldgs 4.699.000 Magnum Corp SOc. 2.78I.OOO Promct 2.549.000 Mulpha Intl SOc 2.394.000 Idris Hyd 50c 2.373.000 Lien Hi*.- rSR97 1.563.000 C VSH SOc 1.519.000 Kamunling 50c 1.492.000 Mutli-Purpose *52' 999 Kcnong Bh«J SOc 1.236.000 Rcmayan 50c 057.000 Fabcr Group 944.000 ML I 926.000 Palmco Hldgs 9
      2,332 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5809 14 Bernama KUALA LUMPUR Share prices here finished broadly steadier yesterday as sentiment improved on spillover from buying support for selective blue chips. Brisk trading in speculative retail stocks pushed the volume to above 100 million shares. The benchmark Composite Index recovered to close above the
        Bernama; Source: Bridge Info  -  5,809 words
    • STOCK EXCHANGE OF SINGAPORE
      • 6688 15 at a M wi IM4 Law Val Day La* Qmf Dk Dk V* Nd Cap _A»1 Hl|li Lav Com—my Sab (W4) High Urn Bayer Sete CV P'E w5l Price MDUSTOM. AND COMUCtCML ,440 US 4 t Acma W «0 «0 .7 5 II I I ISO 6814 982 mm jm
        6,688 words
      • 1799 16  -  By R Sivanithy SINGAPORE A firmer overnight performance on Wall Street and a rebound in Malaysian stock prices helped to lift sentiment here, with blue chip prices closing lower but the broader market recording a minor rebound. On Wednesday, statements by US
        Source: Bridge Info; Source: Bloomberg  -  1,799 words
  • Page 6 Advertisements
    • 339 6 NEWS VALUE How today's news might affect your stocks Earnings of S'poro listed companies forecast to rise 16.5 pc (pg I) Even if the results are encouraging, no broad-based rally like last year's can be expected given the cautious mood. US intensifies effort to tail the dollar up (pg 1)
      339 words

  • Page 7 Advertisements
    • 43 7 AimftUE MM IF^r/PlI I it. I^Sf^n. miwii■ l'" 1 <'fT*> JHI 111 llkl Bfiri luStSmmfUw spi n iiH ■HI HH m& ■HH »*J at 1 Mm FINE ENGLISH INLAID MAHOGANY GRANDFATHER CLOCK ClBOO Choice of four < 3fin*e/Mece'xj{ntigu£A> #02-02 Tanglin Shopping Centre TeVFax: *****83
      43 words
    • 250 7 Whither prices? Residential property prices doubled over the past three years in a Office space: The worst is over Frank Tsao: Tycoon with a mission Why companies need a green audit Derivatives: The hard sell is on House Hunt: Private property prices Get your copy of this month's Singapore Business
      250 words



  • Page 10 Advertisements
    • 99 10 Yen hits a new "R ■MMbBIM fllll WiiffilWarß high.,.|B The strengthening of the Japenese Yen to a I new Poet World War II high level has drawn the If attention of many keen investors to look into E? I£llB investments in the currency market, and awaiting II best strike-time to
      99 words

  • Page 11 Advertisements
    • 87 11 Ml J ClffV TOPS IN HOME DELIVERY... Rnd more listings on homes, apartments and condos! TOPS IN WHEELS... IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, services, holidays, course training and much more! The Straits Times Classified delivers! Looking to find a place to live? Need
      87 words
    • 35 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. SSSSS^ ps&? ■p current If opp° rtu n BF ai»a ilab i®' A II II
      35 words

  • Page 12 Advertisements
    • 27 12 FBI Busmessumes WKKMOWMM Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation: Fax: m Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H)
      27 words

  • Page 13 Advertisements
    • 56 13 A Plus a high-speed 14,400 bps modem for only $99 when r you subscribe to Teleview for two years. -p FAj I E W Call 1800 235-4567 now for more information. Or visit our J Sni^BpOTC Customer Services Centre at Comcentre. Exeter Road or rwi tour mro connection any Teleshop
      56 words


  • Page 15 Advertisements
    • 64 15 Vj Plus a high-speed 14,400 bps modem for only $99 when you subscribe to Teleview for two years. I |r Cain 800 235-4567 now for more information. Or visit our J Slll^3pOr6 Customer Services Centre at Comcentre, Exeter Road or Toln/»nm to u« info cmiiciion any Teleshop neer you. While
      64 words

  • Page 16 Advertisements
    • 24 16 b^^ustmj^S TOLL-FREE TEL. No. 1-80Q-741-1883 FAX:74I-1298 2-TIC-TECH-TOE To avoid stalemates, try some fresh strategies. Innovation Technology. Every Thursday. \aoMon9 f BusmessTimes wt atom AM
      24 words
    • 493 16 LIQUOR UCENCE NOTICE NOTICE IS HEREBY GIVEN thai, I Wong Tat Yin of Blk ID, Pine Grove, #17-15 Singapore 2159 have applied for a Beer House .First Class Licence in respect of premises at M/s HB Food Court Pte Ltd at 81k.253 Choa Chu Kang Ave 1 #01-11, Singapore 2368,
      493 words
    • 389 16 NEW ZEALAND HIGH COMMXSSIOI The New Zealand High Commission is moving to new premises at: with effect from Monday 25 July 1994. The telephone and fax numbers remain unchanged as follows: Td: *****66 Fax: *****24 la Mm Mater al Tha CamaaalM Act, Cap. M a*d la to Matter ei UK
      389 words
    • 166 16 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF CASPIAN MARKETING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act, Cap. 50, that the Final Meeting of Members of the abovenamed Company will be held at
      166 words

  • Executive Lifestyle
    • 1613 17  -  Susan Tsang talks to executives in Singapore who spend time and money on charity work Susan Tsang Lifestyle surveys show that Singapore executives are among the highest paid in Asia, but it doesn't necessarily follow that hedonism is their all-consuming passion. Some, in fact, put chßrity
      Design by Ben Cruz  -  1,613 words
    • STRAWS IN THE WND
      • 97 17 IF YOU were a little taken aback by the thousands of wailing mourners at the funeral of North Korean president Kim U Sung, well, some birds were pretty upset too. Pyongyang Radio reported that a swallow flew into a school classroom in the western city of Nampo
        97 words
      • 14 17 SEEN in the window of a KL noodle shop "Singapore FIRED noodles".
        14 words
      • 52 17 TALK about sensurround effects. In the movie When A Man Loves A Woman, Meg Ryan plays a woman with a drinking problem. At a local cinema where the movie was playing, one viewer sat behind a drunk who was so touched by Ryan's performance that he puked during
        52 words
      • 29 17 FROM the World Cup trivia collectors: "Who had the best job at the World Cup? Answer. The Bulgarian team's spokesman he refused to speak to any reporters."
        29 words
    • OPINIONS
      • 857 18  -  Craig Copetas says a riveting new book is a 'must read' for anyone even remotely connected to global finance Craig Copetas The writer, a Paris-based journalist, contributed this commentary to BT IT IS conceivable that Western merchants this year have more popular
        857 words
      • 785 18  -  Neville Stack wants the interests of children up for adoption actively safeguarded Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE CRAVING of a couple for a baby has a special poignancy derived from the most basic
        785 words
      • 977 18  -  Michael Hindley finds Pyongyang determined to avoid an East European-style collapse Michael Hindley The writer, a Briton, is a member of the European Parliament. He contributed this commentary to BT. MUCH OF the attention of the media has been focused on whether Kim Jong II will
        977 words
      • 127 18  -  Letter to the Editor Ng Chuan Seng I UNDERSTAND that OUBs rights issue is undersubscribed for both the foreign and local tranches. I was counting myself lucky as I had taken the trouble to subscribe for the excess shares on top of the allotment to which
        127 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 57 20 Those polled on their views of the Singapore stock market for the week ahead: Baring Securities, Daiwa Securities, DBS Asset Management, G K. Goh, Morgan Grenfell Asia, Nomura Research Institute, OCBC Investment Research, Phillip Securities, S G Warburg, Smith New Court, UOB Securities and W
          57 words
        • 141 20 Ong Co (July 21) Wing Tai. Still a high-growth, low-valuation stock. Based on estimates of its upcoming June year-end results, the company's valuation based on 1995 earnings looks very attractive. Prized for its freehold landbank. UOB Securities (July 21) CarnaudMetalbox Asia. Chinese ventures to contribute earnings in 1995. Thai
          141 words
        • 132 20 Phillip Securities (July 22) Sembawang Corp. Net earnings are projected to rise by 14.9 per cent to $105.7 million this year. While shiprepair operations are expected to remain lacklustre due to the depressed tanker market, growth will be augmented by other divisions. Malayan Credit. A financially secure
          132 words
        • 129 20 Monday, July 25 Washington: The National Association of Realtors releases existing home sales data for June. Tuesday, July 26 Hongkong: The Hongkong government to hold a land auction. Results of the auctions are considered a barometer of real estate developers' confidence in the property market. Thursday, July 28
          129 words
        • 211 20  -  Juerg Kiener Head of portfolio management Credit Suisse A fter the major South-east Asian L V stock markets suffered a decline of some 30 per cent in the first quarter of this year and a longish consolidation phase of almost five months, investors have been frightened from
          211 words
      • 1157 20  -  The corporate reporting season begins next week. Joyce Quek on what investors can expect Joyce Quek ALL THE hoopla expected from the stock market was definitely missing early this week. The hoped-for gathering in momentum generated by the
        By Paul Leo Business Times; By Quak Hiang Whai Business Times; By Yu Sing Ong UOB Securities  -  1,157 words
      • 513 20  -  But only if you are prepared to be a long-term investor and not expect dividends, says Joyce Quek Joyce Quek FOR AS little as US$l,5OO (552,268) for 100 units, you can buy into one of the world's largest funds
        513 words
      • 1012 20  -  Despite the bearish sentiment, there are buying opportunities in the Singapore market, writes Elaine Koh Elaine Koh WHILE the technical picture points to a deterioration in the Singapore stock market, there are possible "value" situations among blue chips, says Thomson Financial Services. Supporting
        1,012 words
      • 706 21  -  Eye on the region Analysts are calling a buy despite the fear of another rate hike, says Catherine Ong Catherine Ong JUST when investors thought it was safe to dabble in Hongkong equities, the US Federal Reserve chairman Alan Greenspan decided it was time
        706 words
      • 785 21  -  Abdul Hadhi went apartment-hunting in the world's most livable city and came back with some recommendations Abdul Hadhi Vancouver was recently voted the most livable city not just in Canada but worldwide, Canadian tourism authorities said. Perhaps it has something to do with its location,
        785 words
      • 1017 21  -  Shiv Taneja calculates the interest that you have to cough up for the various types of personal loans Shiv Taneja YOU TAKE out a personal loan for three years on a flat rate of 6 per cent per
        1,017 words
    • Article, Illustration
      625 22  -  By SUSAN TSANG ItRGET about the stoic gangsters with a nurai-style code of ethics. Juzo Itami, ker of Tampopo, presents a view of the cuza cinema-goers have never seen bee. He also expands our vocabulary with nbo Or The Gentle Art Of Japanese tortion. This 1992 film is
      625 words
    • Article, Illustration
      628 22  -  By S SHAHIRON SAHARI IDVIES about sports should be, at the ry least, entertaining. They should also if we are lucky, insightful and dramatic, ey should go beyond mere action but get o the gritty behind-the-scenes world you n't otherwise get to see. When it comes to the sports
      628 words
    • 2141 22  -  Fionnuala Halligan talks to actor Kevin Costner and director Lawrence Kasdan about their latest movie, Wyatt Earp Fionnuala Halligan The writer is a Hongkong-based freelance journalist who contributed this article to Executive Lifestyle WHEN Kevin Costner speaks, he sounds amazingly like Ray Kinsella, the character he
      2,141 words
    • 620 23  -  CD Review By SHAHIRON SAHARI INDIGO GIRLS: Swamp Ophelia The Girls, a strong favourite on the American East Coast, return with an album covering a broad range of emotions 'and musical thoughts. I Amy Ray and Emily Saliers, who make up the usually-acoustic folk-rock duo, are
      620 words
    • 631 23  -  Ink Review By SUSAN SZARKOWITZ Executive Speeches By Brest Filsoo John Wiley St Sobs, Inc 278 paps, $29.95 THE ONLY thing worse than having to listen to a speech is having to give one. In Executive Speeches, Brent Filson notes one study where 41 per cent of those
      631 words
    • SPORTS
      • 780 24 NYT LAKE ORION, Michigan On a spectacular day for scoring, Helen Alfredsson of Sweden snapped Indian wood Golf and Country Club across her knee like a twig on Thursday in the first round of the US Women's Open. In breaking the Open scoring record
        NYT  -  780 words
      • 638 24 AP LONDON History was made, and apart from a couple of late wickets, everything worked out for the prodigal sons from South Africa as they returned to the home of cricket on Thursday for the first time in 29 years. No venue other than
        AP  -  638 words
      • SPORTSHORTS
        • Article, Illustration
          46 24 NEW YORK Major league Thursday National: St Louis 6 Atlanta 3 (Ist gamek St Louis I Atlanta 6 (2nd game); Houston 13 Pittsburgh 6. American: Cleveland 5 Chicago 6; "Toronto 9 Texas 3; Milwaukee 7 Minnesota 3; California 7 NY II; Oakland 4 Baltimore 3.
          46 words
        • Article, Illustration
          45 24 AFT KUALA LUM PUR Defending champions England continued their unbeaten run 'when they thrashed Malaysia 81-4 1 on the third day of the Commonwealth Championships on Thursday. Canada whipped Honc;);ong 110-60 and Nigeria thrashed Singapore 80-48 in other matches in the six-nation event. AFT'
          AFT  -  45 words
        • Article, Illustration
          96 24 AFP CALCUTTA England and New Zealand will contest the opening match of crick»rt's sixth World Cup to be staged in the Indian sub-con-tinent in 1996. The premier limit-ed-overs tournament runs from Feb 14 to Mar 17, 1996, with India hosting 17 matches, Pakistan 16 and Sri Lanksi four, according
          AFP  -  96 words
        • Article, Illustration
          67 24 AFP CLUSES, France Tour De France 18th stage (174.50 km from Moutiers to Cluses) Ihundty: I Piotr Ugrumov (Rus) 4hr 52min 19scc 2 Miguel Indurain (Spn) at 2min 39sec 3 Richard Vircnque (Fra) 2:40 4 Fernando Escartin (Spn) 3:25 5 Marco Pantani (lta) 3:25. Overall standings: 1 Indurain 91hr
          AFP  -  67 words
        • Article, Illustration
          148 24 LAKE ORION, Michigan US Women's Open Ist rd Thursday (US unless stated, x denotes amateur): 63 Helen Alfredsson (Swe) 66 x-Carol Thompson, Judy Dickinson, Patty Sheehan. Tammie Green 67 Dale Lggclirg, Sally Little (SA), Donna Andrews 68 Deb Richard. Sherri Steinhauer, Laura Davies (GB), Amy Read. LYTHAM, England Senior
          148 words
        • Article, Illustration
          153 24 AFP BRASILIA Brazil's top tax offi- cial quit in a huff on Thursday after higher-ups allowed the country's returning World Cup victors to bring home tonnes of merchandise duty-free. At Rio's De Janeiro's Gaieao international airport, the team was held up for two hours as Customs officials argued with
          AFP  -  153 words
        • Article, Illustration
          128 24 FRANKFURT Federation Cup finals 2nd rd Thursday: US (x 2) b Canada (xl 3) 3-0 (Mary Joe Fernandez b Helen Kelesi 6-1 4-1 ret; Lindsay Davenport b Patricia Hy 6-2 6-4; Gigi Femandez/Zina Gar-rison-Jackson b Rene Simpson/Jill Hetherington 6-1 7-6 (7/3)). Spain (xl) b Argentina (xl 1) 3-0 (Conchita
          128 words
    • PEOPLE
      • 232 24 SPINK Son of London, established dealers and numismatic auctioneers, held a cocktail reception recently in conjunction with its first ever coin and banknote auction in Singapore. Invited guests, comprising private collectors as well as industry experts, had an opportunity to speak with the numismatic experts
        232 words
    • TIME OFF
      • 575 25  -  S'pore corporations and captains of industries are getting a rare chance to join the Executives' Club. Shahiron Sahari reports Shahiron Sahari THE EXECUTIVES' Club, conceived as an exclusive business and social meeting place for the top brass of the banking industry, launched its second by-invitation-only membership
        575 words
      • 271 25 The Dragon King The NAC and Asia in Theatre Research Circus will present this play based on the mythological story about a scholar who falls in love with the daughter of the Divine King of the Eastern Sea. This performance will be preceded by another short prologue The Register
        271 words
      • 241 25 Clewing in the Dark 3 A charity concert organised by the NTU Welfare and Service Club, and no, its got nothing to do with protesting against nuclear power. Today. 7.15pm at the SLF Auditorium. Tickets at $10 from Centrepoint or at the door. Youth-ln-Harmony A concert by the youth
        241 words
      • 727 25 The 1994 British Film Festival Some of the finer films to come out of the country that gave us the Beatles, Wimbledon, cricket and the Royal Family scandals. The festival will be held over a 10-day period that includes a Hammer Horror retrospective, a Mike Leigh (Naked) TV package
        727 words
      • Article, Illustration
        763 25 Luminosity Fauzan Omar, one of Malaysia's most recognised artists will be hosting this month-long exhibition that contains a myriad of his works that focuses on the natural beauty and the symbolism of flowers. Flower Power anyone? Till tomorrow, at Notices the Gallery. Le Meridien Orchard. Mondays to Saturdays: 10.30
        763 words
      • 51 25 Breastfeeding and the Family Two forums in English and Chinese on breastfeeding and the popular (misconceptions about it. English seminar: Aug 6. 2pm at the Carlton Hall. York Hotel. Chinese seminar: Aug 5. 7.30pm at the Bukit Merah Branch Library. To register, call Daisy Chan (253-0507) or Iris Seng
        51 words
      • 756 25 Auction of Chinese Fine Art Various works of Chinese art including ceramics and paintings will be up for grabs. There will be a chance for the public to view them before they are purchased. Public view ing: Today, I lam to 7pm. Auction: July 24. 10.30 am (ceramics) and
        756 words
      • 638 25 Art Technology Speak to Each Other This seminar profiles the impact and correlation of Technology on/and Art, focusing on art practices, particularly in the Asia Pacific region. Speakers include Linda Wallace, artist (see also above); Ray Langenbach. media artist; Phillip Lim, film-maker; and Mark Christie, multimedia project
        638 words
      • 124 25  -  Compiled by Christopher Toh Sistic outlets are at Forum Galleria, Liang Court, Raffles City, Scotts, Specialists' Centre, Takashimaya, Cold Storage at Jelila, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores, Wisma Atria. Centrepoint and Tangs. Hotline: 269-2929. If
        124 words
    • EPICURE
      • 527 26  -  Btn Appettt By JAIME EE wi HAVE to admit that given the mil d-boggling number of Italian eatpries in Singapore, we'd all but for otten about Pete's Place in the Hy tt Regency, one of the pioneering Italian restaurants that started lonk before anyone had even heard
        527 words
      • 303 26  -  By SUSAN TSANG THE TAHITIAN food promotion at the Chatterbox blows away fanciful notions of fresh fruit and grilled fish in the nicest way by providing much more than cooked coconuts. The buflet selection has three main sections cold dishes, hot dishes, and desserts. The clam
        303 words
      • 326 26  -  By. JULIETTE WALKER ITALIAN food lovers here are barraged by options these days as the count of Italian restaurants steadily notches upward. Well if you're among that ballooning group, you now have one more choice. Until July 31, you can stray from the everyday pizzas, pastas, tomato sauces
        326 words
      • 765 26  -  Wine By N K YONG IT WAS unseasonably cold for April in Portugal, grey, wet and foggy, but even such inclement weather could not detract from the magnificence of the view from the terrace of Quinta do Noval. The Quinta's buildings stand on a plateau some 500
        765 words
    • Article, Illustration
      1009 28 Against Tho Wall Re-enactment of the events that led to riots in Attica prison in 1971. R(A). Yangtze: 11.30; 1.30; 3.30; 5.30; 7.30; 9.30. Airborne. Teen movie about rollerblading in Cincinnati. Yishun: 11.10; 5.15. Angle. Geena Davis is a pregnant Brooklynite who isn't keen on marrying her boyfriend. Then
      1,009 words
  • Page 17 Advertisements
    • 210 17 Ti^'i ||H^^^^^^B^^^BflPfPflPPlPßPßlßMPlH)|MßlPl^Hl^^^B^ ># f-. JT I l^flf I f iH^B -jflH^HI w f^^^Bfl^H s?#»* lp.Vsa^pH^tw^^B T b JSB •>:.;t': ,4 f s||f<4j)b^^HK I SB? 4 -'<-*.' &-mMKm Mr i #P ||»IH Jf w I V m r 1 B M *i B^Bi^B U ft jrf Iy|^^HE^B »«BSIi£?V In rf i®
      210 words

  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 72 18 lii 1 luflM?J»B J no— iosr r\ yes. weße Nbu) oowt owr -wose. (k couPl£. ycooPLe 7 ou> tuiugs.... OF PhPe.fr PLCASC J si^"T S CLeAN rs. f 1 owe oft. TUffrm H DOTS \TVJQ P-Q.OQMD amociateo tmmtrma tro, mi-itt* v 9337 DOONESBURY GARRY TRUDEAU (mtraiiU^CrSSr)\ z £?a< 12M™ £NT*ITON
      72 words

  • Page 19 Advertisements
    • 134 19 ■K^ I t fc i if Bite ■'!>;. v -r v .i f' "V > e-wfr --Jm?** »-> v j." LADIES, IT'S A SAD PAY WHEN THE NEWSPAPER SWELLS BETTER THAN YOUR HUSBAND. y!f*2. rSMcL- ffi v* W&WtS ffit« f V WASH HIS SHIRTS IN SPIN, v THEN AT LEAST
      134 words





  • Page 24 Advertisements
    • 61 24 ADVERTISEMENT Hnrinfaflimps/KENWOOD GOLFING TIPS By BRf-TT BRASIER PROFESSIONAL GOLFER Fuly Owl frtd 01 S.P.Q.A.S Dip In Qdf Managwnant Line your ball up with the trademark on the back. Focus b^lte weilon its fJm watch y J 5 PWBP putter head as it j V\ fesfin •Ijliil moves away from 1/fL.
      61 words



  • Page 27 Advertisements
    • 900 27 Nothing Bests A where t w,me |ne an entertain P«IWO or "Tf&iqh Cjea i fartj at Ufjiqh Q(o<m eßpSr Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. All prices are subject
      900 words
    • 335 27 if 1 GS I m+ V "SfiiolC round-tht-docijl Cfuttahofj fume of out famous tfeinenese Wtt Chicks* Wee end popular Coconut Ice Cram ||S in afrtsk coconut. Try them, andyouVfyow CoHm simp why they an the specialties of the house. imiw efbdNsr J tUORMMBVPmOI]) MTIM4O Coleman's Lounge IS KTV rooms* $25"*
      335 words

  • Page 28 Miscellaneous
    • 2400 28 TODAY'S TV too Sarapan Malaysia (M). t.40 Hobby (M). nyHMyys Sherlock Holmos: Sussex Hollywood Stuntmakers, Vampire, 2pm, SBC 5 SBC 5 mm Kan* An A vampire stalks a En- Space is the final frontier when kasapurf^M glish village. The man the comes to special effects. A 12 MNN N#wv deer-stalker
      2,400 words