The Business Times, 27 August 1994

Microfilm: NL19570
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Weekend Edition, August 27-28 1994 75"
    13 words
  • Article
    MAS tells aggressive credit card issuers to tone down ads
    480 1  -  By Quak Hiang Whai SINGAPORE Credit card issuers have been told by the Monetary Authority of Singapore to water down aggressive advertising campaigns which promote card spending. It is not clear if the MAS has issued any directives on the
    480 words
  • Article
    S'pore firms bid for slice of Asia's biggest land deal
    384 1  -  Frofli Al Labita in MANILA AYALA LAND Inc (ALI) has joined Singapore property companies in a consortium for the Oct 7 bid for a portion of the 440-hectare Fort Bonifacio, Manila's largest privatisation project. ALl's foreign partners are Pidemco Land
    384 words
  • Article
    Lock icon Revised US growth calms inflation fears
    288 1 Reuter WASHINGTON The US economy expanded slightly more rapidly in the second quarter than previously estimated, the government said yesterday. The revision reflected the biggest build-up in unsold goods held by businesses in 6'/2 years. In its first revision of gross domestic product for
    Reuter  -  288 words
  • Article
    Lock icon Dow surges 56 points
    105 1 Reuter NEW YORK Wall Street stocks rose sharply at midday yesterday in a broad rally sparked by a government report on the nation's growth that also boosted bonds and the dollar. At 1 pm EDT in the broad market, advances led declining issues by about 13
    Reuter  -  105 words
  • Article
    Trading in Metro, Transmarco suspended
    409 1  -  By Corinne Kerk SINGAPORE Trading in the shares of Metro Holdings and its subsidiary, Transmarco Ltd, was suspended yesterday afternoon following days of rumours which had driven up their share prices. The two companies had requested the suspension "pending further announcement", but no statements were
    409 words
  • Article, Illustration
    Lock icon KL shares plunge on news of crackdown on Al Arqam
    420 1 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark stock market index tumbled 2.14 per cent after the government reportedly gave police sweeping powers to crack down on the Islamic group Al Arqam. "Everybody's running away they're frightened of the Al Arqam
    Bloomberg Business News; Source: Bridge Info  -  420 words
  • Article
    S'pore stocks take M'sian slide in stride
    139 1 SINGAPORE Local stocks showed reassuring resilience yesterday. The Straits Times Industrials Index managed to post a gain in the face of a severe decline in Malaysia, while the region's other major markets closed mixed. The STII lost up to 14 points in early
    139 words
  • 2am LATEST
    • Article
      Lock icon Greenspan warns against too-low rates
      61 1 Bloomberg Business News WYOMING The Federal Reserve and other central banks must avoid the temptation to try reducing unemployment with too-low interest rates, Federal Reserve Board chairman Alan Greenspan told a conference yesterday. Trying to push unemployment steadily lower with loose monetary policies will only
      Bloomberg Business News  -  61 words
    • Article
      Lock icon Cablevision, ITT said to be close to winning bid
      51 1 Bloomberg Business News NEW YORK ITT Corp and Cablevision Systems Inc are close to winning bidding for Viacom Inc's Madison Square Garden, an executive close to the negotiations said. The two companies are bidding against cable systems operator Tele-Communications Inc. Bloomberg
      Bloomberg Business News  -  51 words
    • Article
      Lock icon Bombay broker held over fund diversion
      44 1 AFP NEW DELHI Police probing India's US$l.3 billion (SSI.9 billion) securities scam yesterday arrested Bombay stockbroker Harshad Mehta for allegedly siphoning off nearly US$ll million from Maruti Udyog Ltd, the country's premier carmaker, to play the market. AFP
      AFP  -  44 words
  • Article
    MARKET SUMMARY
    162 1 Stock market indices Friday Change STII 2,293.51 +6.93 KLSEComp 1,111.78 -24.36 Nikkei 20,471.49 +28.20 Hang Seng 9,399.08 +62.97 SET Index 1,450.75 +6.03 Jakarta Comp 505.33 +2.37 CLSA China B ....1,141.20 +6.37 Aust All Ord 2,077.2 -0.6 FTSE 100 3,265.1 +30.9 Friday Previous 2pm dose Dow Jones 3,886.23 3,829.89
    162 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      6 1 0 Director Stone: el i trouble-maker
      6 words
    • Advertisement
      Page 1 Advertisements Column 2
      48 1 Stocks: el 5 A DIY computerised trader H UIC profits up a mere 2pc to $25m Intraco earnings jump 26pc Other results: Harimau Investments, Fa 1 mac, Pan-United, Singapore Re Page 6 Bank Negara poised to raise reserve ratio Page 4 HK central banker downplays 1997 Page 4
      48 words
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      Page 1 Advertisements Column 3
      193 1 Lock Siew: Pg 6 npood bargains on Sesdaq The Raffles Conversation: ei3 A Singapore entrepreneur *****1 l 0" *****1******2 Regional markets, Pg 12-16 collection of antique watches at Rolex Geneva. served in the creation of a unicessitates 162 skilful operations and is carved out of a single metal. WnWHRi ways
      193 words
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      Page 1 Advertisements Column 4
      37 1 S pore News 2 S'portJffsa 6.7 Regional News 3.4 Fwncal 9.10 World News 4.5 Fotani Miritfto Opn»ns fL2 Qob/KLSE. SES I*l6 If -EL4.5 Re****' 12 Renews E16.7 Wortl 1? Sports £18 Currenaes 10 TV/tod# ELI2 SmniOomm —11
      37 words
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  • SINGAPORE NEWS
    • Article, Illustration
      New registration system gives more priority to first-time HDB applicants
      591 2 Yesterday in Parliament A SYSTEM aimed at striking a fairer balance between meeting the needs of first-time HDB applicants and upgraders will replace the present balloting system for HDB flats in October. The proposed Registration for Flats system was announced
      591 words
    • Article
      Broadcasting stat board to be set up
      282 2  -  Reports by Lilian Ang, Chuang Peck Ming,Ven Sreenivasan PARLIAMENT yesterday approved the setting up of a new statutory board to regulate the broadcasting industry, paving the way for the privatisation of the Singapore Broadcasting Corporation (SBC). The Singapore Broadcasting Authority Bill lays down
      282 words
    • PARLIAMENT BRIEFS
      • Article
        Unsafe fish import fine now $10,000
        65 2 THE maximum fine for the import of fish unsafe for consumption will be raised from $1,000 to $10,000 with the passing of the Fisheries (Amendment) Bill yesterday. The fine will also cover processed fish, in addition to fresh fish. The maximum fine for the
        65 words
      • Article
        3 MPs added to Parents Bill team
        63 2 MEMBERS of Parliament Koo Tsai Kee, Ling How Doong and Mohamad Maidin have been added to the Select Committee on the Maintenance of Parents Bill. Chaired by the Speaker, Tan Soo Khoon, the other members of the committee are Abdullah Tarmugi, Walter Woon,
        63 words
      • Article
        98pc HDB shops on offer sold
        55 2 ACTING Minister for National Development Lim Hng Kiang said that the HDB had sold about 98%, or 3.879. of the 4,000 shops it had offered under its sales scheme. He added that the HDB would continue to schedule the remaining 8,000 shops for sale
        55 words
    • Article, Illustration
      Lock icon Singapore and Hanoi sign tourism agreement
      395 2  -  Pact will see joint development of opportunities in Vietnam By A J Leow SINGAPORE and Vietnam signed an agreement yesterday to pave the way for closer ties in the field of tourism. The pact, which is for an initial period of five years, will
      AFP  -  395 words
    • Article
      Smoking ban extended to air-con offices and factory floors
      266 2 PARLIAMENT yesterday extended a ban on smoking to air-conditioned offices and factory floors. "The new law will make managers responsible to ensure that employees do not smoke in the office and factory floors," Environment Minister Mah Bow Tan said in moving
      266 words
    • Article
      Corrections & clarifications
      82 2 Corrections clarifications IN yesterday's story, headlined "President's veto removed for defence spending", we reported the Deputy Prime Minister as saying that the Elected President would retain the power to veto the Defence Ministry's budget, even after amendments to the Constitution passed by Parliament on Thursday. This is incorrect. A spokesman
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    • Article
      Telecom to cut FaxNet charges by up to 43.8pc
      148 2 SINGAPORE Telccom will reduce its charges for Fax Net, an electronic fax store-and-forward service, by up to 43.8 per cent from Sept 1. The reduction, the latest in a series, is expected to save $350,000 for customers over the next seven
      148 words
    • Article
      Jaguar XJ220 for sale at $750,000 — before $2m duty
      195 2  - Jaguar XJ220 for sale at $750,000 before $2m duty By Arthur Lee A JAGUAR XJ22O. one of only 280 ever produced, is up for sale. The car, a private import, had been garaged for the past 12 months, with just 480 km on its odometer. It was advertised in Business
      195 words
    • Article
      Meinhardt to open offices in Vietnam and Philippines
      195 2 AUSTRALIAN engineering consultant firm Meinhardt has announced plans to open offices in Vietnam and the Philippines within the next three months. Shahzad Nasim, managing director and partner of Meinhardt (Singapore) Pte Ltd, announced the plans yesterday at the 20th anniversary of the
      195 words
    • Article
      Focus on youth world outlook
      110 2 GLOBAL prospects and challenges through the eyes of youths will be addressed at an international forum starting here tomorrow. The four-day gathering. Youth Prospects: 2000 Choices and Voices, is being run by Fundex Pte Ltd in cooperation with the United Nations Economic and Social Commission
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      433 2 Singapore ry> s z Aiia PacMc NVU* Cm*. bnn */U* Caa*. Bueros «m 14/08 Clear Auckland 16,07 Cloud* Amsterdam 24/14 COjO, Owago 27/14 Cloudy Bar«M( 34/25 Cloudy When* 37/24 Oar Honolulu 34/27 ClouOy Be,** 28/22 Cloudy Bertn 25/13 Clear Houston 31/25 Cloudy 29/24 Cloudy •ow 21/09 Cloudy Las Vegas 38/26
      433 words
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  • THE REGION
    • Article
      HK govt revises upwards GDP forecast to 5.7pc
      527 3  -  From Lim Soon Neo in HONGKONG THE Hongkong government yesterday revised its 1994 gross domestic product growth rate to 5.7 per cent from its earlier forecast of 5.5 per cent. "The difference is attributable mainly to the effect of the non-routine revision
      527 words
    • Article
      Lock icon China vice-premier calls for textile overhaul
      259 3 AFP BEIJING Chinese Vice-Pre-mier Li Lanqing has called for a major overhaul of the country's outmoded textile industry, amid surging production costs and dwindling profits, a report said yesterday. Addressing an industry conference here, Mr Li said the textile sector should limit production, reduce
      AFP  -  259 words
    • Article
      Lock icon Cambodian private import inspection plan scrapped
      421 3 Reuter PHNOM PENH An ambitious plan to establish a privatised import inspection service to eliminate customs fraud on goods coming to Cambodia is almost certainly doomed, a senior business analyst said here yesterday. Hongkong-based Inchcape Inspection Testing Services (ITS) earlier signed a contract with
      Reuter  -  421 words
    • NOTE BOOK
      • Article
        Lock icon Taipei raises foreign worker intake
        81 3 AEP TAIPEI Taiwan announced yesterday it would allow in 15,000 more foreign workers to case a labour shortage, four months after a freeze on foreign workers. Chao Shou-po. chairman of the Council of Labour Affairs, said the quota of 10,000 foreign workers was granted to
        AEP  -  81 words
      • Article, Illustration
        Lock icon Bombay riot after BJP leader killed
        67 3 AFP BOMBAY Supporters of two hardline Hindu parties the opposition right-wing Hindu Shiv Sena and the Bharatiya Janata party stoned buses and trains in Bombay yesterday to enforce a general strike called to protest the killing of Ramdas Nayak. the BJP's Bombay chief. Nayak,
        AFP  -  67 words
      • Article
        Lock icon China cooling may create more jobless
        85 3 Reuter HONGKONG China's economic performance in the first half of the year exceeded expectations but the sidc-efiects of efforts to cool the economy are creating the possibility of massive unemployment, the Hang Seng Bank said. In its monthly report, the bank forecast China's economic
        Reuter  -  85 words
      • Article
        Lock icon Beijing approves 7m new firms
        94 3 AP BEIJING The Chinese government has approved the registration of more than 7.668 million new companies in the first half of 1994, 5.48 per cent more than in the same period of last year. The fastest growth was in retail sales and catering. Some 4.189
        AP  -  94 words
    • Article
      Lock icon Thailand freezes 12m baht fund for US military unit
      271 3 AFP BANGKOK The parliamentary committee scrutinising Thailand's 1995 Budget has frozen the 12 million baht (*****,520) allocation for the Joint US Military Advisory Group (Jusmag) here, an official said yesterday. The move came on Thursday, the same day the US Embassy
      AFP  -  271 words
    • Article
      Lock icon Murayama wraps up Viet visit with support for Hanoi's reforms
      314 3 AFP KUALA LUMPUR Japanese Prime Minister Tomiichi Murayama flew into Kuala Lumpur from Hanoi yesterday for a three-day official visit. He was met on arrival by Malaysian Foreign Minister Abdullah Ahmad Badawi. Mr Murayama wrapped up the first visit to
      AFP  -  314 words
    • Article, Illustration
      Lock icon Where there's smoke, there's pollution
      77 3 Reuter MANILA One big black belch from this dilapidated Manila taxi cab was enough to make its owner 200 pesos (SSI 1.22) poorer. He was fined yesterday by a pollution control officer, safely protected from "passive smoking" by a gas mask. Air quality in the
      Reuter  -  77 words
    • Article
      Lock icon S Korean strikes cause losses of US$1.65b, export bottlenecks
      280 3 Reuter SEOUL Labour disputes at South Korea's major industrial sites have caused production losses of US$l.65 billion (552.5 billion) so far this year and triggered an export bottleneck, said the trade, industry and energy ministry yesterday. Of a total of 49
      Reuter  -  280 words
    • Article, Illustration
      Lock icon Dutch firm plans to ship cow dung to India
      485 3 AP NEW DELHI In India, where cows are sacred, one commodity should exist in abundance besides milk, that is. But Dutch company Seaswan begs to defer and has devised an ambitious scheme to ship some of that other product, generated by
      AP  -  485 words
    • Article
      Lock icon New Delhi eases rules to attract funds from overseas Indians
      272 3 Reuter BOMBAY India's central bank has lifted a ban on the repatriation of profits from the local bond market and encouraged investment in property' companies in twin moves designed to attract greater capital from Indians living abroad. Analysts said the
      Reuter  -  272 words
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  • REGION/WORLD
    • Article, Illustration
      1997 not a threat, says HK central banker
      417 4  -  By Catherine Ong SINGAPORE The head of Hongkong's de facto central bank yesterday downplayed the uncertainties of 1997, maintaining that the territory's role as an international financial centre was more likely to be threatened by other factors. Joseph Yam. chief executive of
      417 words
    • Article
      Investors see China, SEA as complementary
      361 4  -  By Schutz Lee SINGAPORE An increasing proportion of foreign investors see China and Southeast Asia as complementary investment destinations, rather than competing, Morgan Stanley said in its latest research paper. Unlike last year, the sharp increase in investor interest in South-east Asia is occurring
      361 words
    • Article
      Lock icon Bank Negara poised to raise statutory reserve ratio: dealers
      284 4 MBT KUALA LUMPUR Bank Negara is expected to increase the statutory reserve ratio (SRR) again in view that the money market has been flush with excess liquidity in recent weeks. Money market dealers said if the SRR is raised by one
      MBT  -  284 words
    • Article
      Lock icon KL, Beijing to sign accord on China electricity projects
      447 4 Bernama KUALA LUMPUR Malaysia and China have agreed in principle to sign a memorandum of understanding (MOU) to cooperate in electricity supply projects in China. Energy, Telecommunications and Post Minister SSamy Vellu said the MOU, which will promote participation by Malaysian
      Bernama  -  447 words
    • Article
      Lock icon Revised figures show UK economy hitting fastest growth in 5½ years
      387 4 Bloomberg Business News LONDON The UK economy, thanks partly to consumer spending, grew by its fastest rate in s'/i years in the second quarter of 1994 and is now expected to easily surpass the government's growth forecast for the
      Bloomberg Business News  -  387 words
    • Article
      Lock icon Moscow, Beijing expected to cast aside ideology
      388 4 Reuter MOSCOW Moscow and Beijing, former rivals for the crown of Communist orthodoxy, are expected to try to strip the ideology from their relationship when Chinese President Jiang Zemin visits Russia next week. "Knowingly or not, leaders of the two countries have put
      Reuter  -  388 words
    • Article, Illustration
      Lock icon Auf wiedersehn, goodbye
      55 4 Reuter BERLIN Russian soldiers singing a farewell song with gusto, yet tinged with poignancy. For their singing, during a parade on Thursday, marked Russian withdrawal from the last remaining major military base in Germany. Russian President Boris Yeltsin and German Chancellor Helmut Kohl will attend an official
      Reuter  -  55 words
    • Article
      Lock icon Philippines to implement law on value-added tax
      200 4 Reuter MANILA The Philippines will begin implementing a controversial law extending its val-ue-added tax (VAT) to a wide range of goods and services from Oct 1, Finance Secretary Roberto de Ocampo said yesterday. He said extending the tax would allow the country to
      Reuter  -  200 words
    • Article
      Lock icon World TV output on the blink due to lack of special glass
      291 4 FT LONDON Some 10 million potential customers for colour television sets or computer monitors are likely to be disappointed this year because of a shortage of the right kind of glass. Makers of cathode ray tubes (CRT), the
      FT  -  291 words
    • Article, Illustration
      Lock icon Ex-Aussie opposition chief sacked from shadow Cabinet
      457 4 AFP SYDNEY Australia's former opposition leader John Hewson was dumped yesterday from the shadow Cabinet by his successor Alexander Downer for comments widely interpreted as undermining the leadership. Mr Downer, who defeated the former economics professor in a challenge three months ago, said
      AFP  -  457 words
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  • THE WORLD
    • Article
      Lock icon US Senate endorses sweeping crime Bill by 61-38 margin
      487 5 Los Angeles Times WASHINGTON Capping a six-year congressional effort, a fractious and weary Senate passed on Thursday night sweeping crime legislation on a largely partisan 61-38 vote, sending it to President Bill Clinton's desk to be signed into law. The narrow
      Los Angeles Times  -  487 words
    • Article
      Lock icon Deal to ship gas from Turkmeniya to Europe sparks scepticism
      374 5 FT ANKARA The signing in Teheran earlier this week of a US$7 billion (5510.5 billion) deal to ship natural gas from Turkmeniya to Europe via Iran and Turkey is the latest example of the "pipeline politics" being played out in
      FT  -  374 words
    • Article, Illustration
      Lock icon Paris marks big anniversary with a bang
      48 5 Reuter PARIS Fireworks exploding over the Paris town hall yesterday during a light and sound show to celebrate the 50th anniversary of the liberation of Paris. The show capped ceremonies throughout the day to mark the end of Nazi occupation. Reuter
      Reuter  -  48 words
    • Article
      Lock icon US business in no rush to get back into Cuba even if embargo is lifted
      216 5 AFP WASHINGTON US business will not be stampeding back into Cuba even if the economic embargo is lifted, because the market is too risky and contains too many unknowns, industry sources say here. Unlike China,
      AFP  -  216 words
    • Article
      Lock icon New European Commission chief plans wide-ranging revamp
      323 5 NYT BRUSSELS Jacques Santer, incoming president of the European Commission, is planning a more open, less autocratic style of leadership as well as a wide-ranging internal shake-up when he succeeds Jacques Delors next January. Officials close to him say he intends to introduce
      NYT  -  323 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1676 5 Mm PImM GA976 0010 6mm* SRI83 2105 Awn* RJ187 0100 CA978 0930 Amterdan SQ25 0630 KL838 2300 Hangxtw* Mt931 2015 Mt932 0905 KL837 1450 SQ324 2345 Hand VN741 1310 SQ176 1130 Auckland NZ21 1735 BAH 1505 SQ175 1855 VN740 1410 SQ286 2040 NZ22 1850 TG408 0820
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    • WORLD WATCH
      • Article
        Lock icon British Telecom cuts prices
        100 5 Bloomberg Business News LONDON British Telecommunications pic has unveiled the second part of a £450 million (S$ 1.05 billion) price-cut package it has to make before July 1995 to remain within boundaries set by the Office of Telecommunications, The Times reported. As of Oct 3, the
        Bloomberg Business News  -  100 words
      • Article, Illustration
        Lock icon Russian farmers take to the streets
        82 5 Reuter, AFP MOSCOW A Russian farmer shouting anti-government slogans as a militiaman (right) guards a road block during a farmers' demonstration on Thursday. Some 2,000 people took part in the rally to protest against the government's agrarian policy. They demanded the resignation of President
        Reuter,; AFP  -  82 words
      • Article
        Lock icon Financial guidelines for UK firms
        84 5 Bloomberg Business News LONDON The Cadbury committee, a UK working group on internal control, has released draft guidelines urging companies to furnish a statement describing their internal financial controls in annual reports, the Financial Times said yesterday. Companies were also asked to provide details of
        Bloomberg Business News  -  84 words
      • Article
        Lock icon Swiss watch exports up 4.5pc
        102 5 Reuter BIEL, Switzerland Exports of Swiss watches and clocks rose 4.5 per cent in the first six months of the year to 3.72 billion Swiss francs (554.28 billion), the Federation of the Swiss Watch Industry said. But the rate of export growth slowed from the
        Reuter  -  102 words
      • Article
        Lock icon Daily Mail not cutting stand prices
        79 5 Reuter LONDON Fears that another British newspaper had joined the fierce price war that has gripped the industry proved groundless when the Daily Mail said yesterday its price cut had been a mistake. A London edition of the middle market Mail appeared at 20
        Reuter  -  79 words
    • Article
      Lock icon Russia moves to allay suspicions about its nuclear material
      421 5 Los Angeles Times MOSCOW Embarrassed Russian officials are striving to demonstrate to the world a resolve to crack down on nuclear contraband, even as they vehemently deny Western reports that radioactive material is being smuggled across their onceinviolate borders. In the
      Los Angeles Times  -  421 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      UIC posts flat profit, 13pc fall in turnover in first six months
      391 6  -  By Lilian Ang SINGAPORE Listed United Industrial Corporation (UIC) has turned flat interim results. Its net earnings rose 2 per cent at $25.41 million for the half-year ended June 30. Turnover slid 13 per cent to $145.49 million
      391 words
    • Article
      Lock icon Malaysia to implement electronic share application and balloting by next year
      461 6 Bernama KUALA LUMPUR An integrated electronic system for share application, balloting and refund of monies is expected to be implemented by next year, said Securities Commission chairman Munir Majid yesterday. When implemented, the electronic system would run parallel with
      Bernama  -  461 words
    • Article
      Take another look at Sesdaq for good bargains
      766 6  -  HOCK LOCK SIEW By R Sivanithy SINGAPORE At the start of this week, the Straits Times Industrials Index stood at 2,347, just 5 per cent down from the 2,471 peak reached in January. Then between Monday and Wednesday this week, the index
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    • Article
      Intraco interim net earnings rise 26pc, turnover up 35pc
      514 6  -  By < Genevieve Cua SINGAPORE Trading group Intraco yesterday released a strong set of interim results, buoyed by robust car sales, good semiconductor demand and earnings from a contract to supply power cables to the Public Utilities Board. In a briefing
      514 words
    • Article
      Accounting change boosts Harimau's profit
      372 6 SINGAPORE Harimau Investments announced yesterday that its net earnings jumped 4.6 times to $5.34 million for the six months ended June 30, thanks to a statutory change in the accounting treatment of profits from the sale of non-current assets. The closed-end fund of OCBC Bank
      372 words
    • Article
      Singapore Reinsurance interim profit up 4.1pc
      237 6 SINGAPORE Singapore Reinsurance has reported lower earnings growth for the six months ended June 1994. Its interim group net profits this year edged up by 4.1 per cent to $4.3 million, much lower than the 22 per cent earnings growth achieved during midterm last
      237 words
    • Article
      Pan-United's earnings slump 27pc
      215 6 SINGAPORE Group interim net earnings of marinebased Pan-United Corp fell 27 per cent to $7 million due to depressed conditions in the shiprepair market, the firm said yesterday. For the six months to June 30, 1994 group turnover fell slightly to $75.1 million. Interim earnings per
      215 words
    • Article
      Falmac achieves $2.9m net earnings
      241 6 SINGAPORE Knitting equipment maker Falmac Ltd reported net earnings of $2.92 million, just a shade below its forecast, as it posted its first set of full-year results since its listing on the junior board earlier this year. It achieved its earnings on turnover of $20.76
      241 words
    • Article
      CWT and CIAS in another joint venture
      194 6 SINGAPORE Listed CWT Distribution and CIAS Enterprises have signed their second joint venture deal in just two weeks. The two companies yesterday agreed to develop and operate a Jurong engineering service centre called Invo-Tech Engineering. The facility, involving a total investment of $2.5
      194 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week's expected market sentiment, see Bl Sentiment Index on EL4 (Personal Finance A Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        144 6  -  By Paul Leo IPC Corporation has been trading in a 24-cent range between $1.29 and $1.53 since April. At $1.35 yesterday, it is a buy. Daily Relative Index is at 25 and further price weakness will push it into oversold region. Weekly Moving Average Convergence-Divergence Indicator is still
        144 words
    • COMPANIES
      • Article, Illustration
        Sungei Way to acquire 70pc stake in property firm
        378 7  -  From Ho Kay Tat in KUALA LUMPUR CONSTRUCTION group Sungei Way Holdings Bhd said yesterday it was buying for M 599.90 million (5558.9 million) a 70 per cent interest in a property company undertaking several projects that would yield attributable profit
        378 words
      • Article
        UNIT TRUSTS & FUNDS
        443 7 UNIT TRUSTS FUNDS Mumn pillll It) Aug 27 29 Mcndaki Gr Fund 1.19 l.22g Singapore Unit Trust The Commerce 1.65 1.75 WB llWeSt Mgt LW The Savings Fund 1.57 1.66 Umfund 1-52 L58 S pore Prog Fund 0.71 0.75 Umbond 1.035 1 060 S pore Sec Fund 1.03 1.09xd United
        443 words
      • Article
        DIVIDENDS ANNOUNCED
        771 7 Payment Ex Books Pay dale close dale Alex Hldgs 50* b 6 Sep 6 Sep 12 Sep 22 Asia Pac Ld b 2TE Aug 10 Aug 24 Sep 23 Avinio 20' I 6.25TE Sep 19 Sep 23 Oct 18 BAT 21' I 71.4 Aug 22 Aug 26 Sep
        771 words
      • Article
        Filipino-S'pore venture has until Sep 23 to pay up winning bid
        388 7  -  From Al Labita in MANILA THE GOVERNMENT has given a Filipino-Singaporean consortium until Sep 23 to settle its 2.4 billion peso (*****.4 million) bid for a state-owned pulp and paper mill. "Under the rules, we have the right to
        388 words
      • Article
        Lock icon Metrojaya to have more Somerset Bay fashion outlets
        315 7 Bernama KUALA LUMPUR Metrojaya Bhd will open up more Somerset Bay outlets for its in-house women fashion label in other department stores over the next few years, its assistant general manager, Charles Llyod Jones, said. Speaking to reporters after its annual general
        Bernama  -  315 words
      • Article
        Golden Plus appoints timber tycoon as managing director
        323 7  -  From Ho Kay Tat in KUALA LUMPUR SABAH timber tycoon Teh Soon Seng will finally take an active involvement in Golden Plus Holdings Bhd with his appointment yesterday as managing director of the property and quarry company. And the script could not
        323 words
      • Article
        Lock icon Jack Chia-MPH renews bid for Players Group
        175 7 Reuter SYDNEY Singapore's Jack Chia-MPH Ltd said it had made a second takeover offer for Australian biscuit maker Players Group Ltd at 88 cents a share. Jack Chia, which holds 25.83 per cent of Players, recently announced a one-for--21.25 bonus issue. The bid
        Reuter  -  175 words
      • COMPANY BRIEFS
        • Article
          Landmark buys 18.58pc Austral stake
          71 7 SINGAPORE Landmarks Bhd has acquired an 18.58 per ccnt stake in Austral Amalgamated Tin Bhd for M 555.8 million (5532.4 million). The purchase of 7.43 million MSI ordinary shares was made on the open market through Landmarks' whollyowned subsidiary Capaian Tinggi Sdn Bhd. It will
          71 words
        • Article
          Transpac bets on China's noodle market
          58 7 SINGAPORE Investment holding company Transpac Industrial Holdings Ltd said yesterday it would invest USSB.6 million (5512.9 million) in Ting Yi (Cayman Islands) Holding Corp. Ting Yi, formerly a wholly-owned subsidiary of Taiwan's Ting Hsin International Group, operates the largest instant noodle company in China,
          58 words
        • Article
          Robert Fleming sells Sincere Watch stake
          53 7 SINGAPORE Robert Fleming Holdings and its affiliated companies sold their entire 5.13 per ccnt stake in Sincere Watch for 52.67 million on Aug22. Robert Fleming sold 2,238,000 shares in Sincere Watch at SSL 192 a share. Last November, it paid 51.295 per share for
          53 words
        • Article
          Wepco replies to SES on rise in shares
          67 7 SINGAPORE In reply to a query from the Stock Exchange of Singapore, Wepco Ltd said yesterday it could not explain the recent rise in its share price and trading volume, apart from an extraordinary shareholders' meeting on Aug 30. The proposed sale
          67 words
        • Article
          Orchard Parade sets up 2 property firms
          57 7 SINGAPORE Orchard Parade Holdings said yesterday it had incorporated two wholly-owned subsidiaries involved in property investment and development. They arc OPH Realty and OPH Property. Lcong Horn Kcc and Tan Siok Hwcc will serve as directors of both companies, while Albert Goh will
          57 words
      • Article
        Philippines exchange starts delisting firms in reform move
        141 7 MANILA The Philippines Stock Exchange (PSE) yesterday began purging its list of untraded companies as part of its reform measures. In a circular, the PSE delisted eight firms, the first batch of about 50 listed companies it had identified as "dormant". They
        141 words
      • COMPANY BRIEFS
        • Article
          Lock icon Tatung interim profit up 116pc
          75 8 Bloomberg Business News TAIPEI Tatung Co, an electronics and machinery manufacturer that is one of Taiwan's biggest companies, said net earnings in the first half of 1994 rose 116 per cent on the year to N152.88 billion (*****.1 million). That works out to NTS2.7B per
          Bloomberg Business News  -  75 words
        • Article
          Lock icon Shenzhen bourse cuts transaction fee
          83 8 Knight-Ridder HONGKONG The Shenzhen Stock Exchange will cut fees for transactions of "B" shares by a quarter from Sep 12 in an attempt to boost the foreigners-only market, the Eastern Express newspaper quoted the Shanghai Securities News as saying. The new tee is 0.55 per
          Knight-Ridder  -  83 words
        • Article
          Lock icon Baring fund raises HK weighting
          92 8 Reuter LONDON Baring International Investment Management said The Asia Pacific Fund Inc had increased the weighting of its equity investments in Hongkong, while reducing its Korean holdings. The US$2l5 million (*****.5 million) closed-end fund allocated 39 per cent of its portfolio to Hongkong as at
          Reuter  -  92 words
        • Article
          Lock icon Coles Myer profit seen up 5pc
          78 8 Bloomberg Business News SYDNEY Australian retailer Coles Myer Ltd will show pre-tax profit of A 5675 million (***** million) when it reports full-year results next month. The Sydney Morning Herald reported yesterday, quoting an outside report from consultants KPMG Corp. The figure is 5
          Bloomberg Business News  -  78 words
        • Article
          Lock icon Walsin profit up on sale of HK unit
          89 8 Bloomberg Business News TAIPEI Walsin Lihwa Corp, one of Taiwan's largest wire and cable manufacturers, has posted an eight-fold jump in interim net profit to NTS 1.18 billion (5567.2 million). The large improvement was due largely to the sale of a Hongkong
          Bloomberg Business News  -  89 words
        • Article
          Lock icon Sega to buy US pinball maker
          65 8 AFP TOKYO Japanese game-machine maker Sega Enterprises Ltd will acquire Data East Pinball Inc of the US in late-September for about 3.5 billion yen (5552.5 million), a Sega spokesman said yesterday. The US company, established in 1986, holds a 25 per cent share of
          AFP  -  65 words
        • Article
          Lock icon Mitsubishi units to open resin plants
          48 8 Reuter TOKYO Mitsubishi Kasei Corp and Mitsubishi Petrochemical Co Ltd plan to set up polypropylene and other resin compound factories in Thailand, China and the Netherlands. The projects will come after their scheduled merger this autumn, a Mitsubishi Petrochemical spokesman said. Reuter
          Reuter  -  48 words
      • Article
        Non-Japanese Asian electronics firms perform better: survey
        406 8  -  By Claire Leow A MAGAZINE'S survey of the performance of Asia's top 200 electronics firms for fiscal 1993 found Japanese firms were battered while their Asian counterparts improved on their showing. The survey by Electronic Business Asia (EBA), a publication of Cahners Asia,
        406 words
      • Article
        Lock icon BellSouth to appeal decision on AT&T and McCaw deal
        249 8 Reuter WASHINGTON Bell South Corp said on Thursday that it would move quickly to appeal over the US District Court decision to grant a partial waiver on AT&T Corp's proposed purchase of McCaw Cellular Communications Inc. Bell South general counsel Walter
        Reuter  -  249 words
      • Article, Illustration
        Lock icon Different strokes for different folks
        30 8 Reuter FRANKFURT Share traders appeared to react quite differently on Thursday as the German share index DAX pushed to a high of 2,156.30 points. Reuter
        Reuter  -  30 words
      • Article
        Lock icon Digital Equipment close to selling database business to Oracle: analysts
        330 8 Bloomberg Business News MASSACHUSETTS Digital Equipment Corp (DEC), which has been selling assets to stem four years of losses, is close to selling its database software unit to Oracle Systems Corp, analysts say. Neither company would confirm a report in
        Bloomberg Business News  -  330 words
      • Article
        Lock icon Gordon Wu's Cepa expected to sign US$2b Indonesia power deal
        408 8 Eastern Express HONGKONG Hongkong industrialist Gordon Wu's Consolidated Electric Power Asia (Cepa) is expected to sign a US$2 billion (SS3 billion) contract to build and operate a power plant in Indonesia, a source close to the negotiations said this week.
        Eastern Express  -  408 words
      • Article
        Lock icon Morgan bullish on India's growth
        206 8 Reuter NEW DELHI Morgan Stanley Group Inc said it considers India to be the emerging market with the world's most significant growth potential. In a summary of a report on the performance of its 9.8 billion rupee (SS47O million) Indian mutual fund. Morgan Stanley said
        Reuter  -  206 words
      • Article
        Lock icon Bicycle maker posts disappointing profits
        236 8 Bloomberg Business News Hongkong Chinese bicycle maker Shanghai Phoenix Bicycle Co reported a disappointing interim after-tax profit of 60.1 million yuan (almost Ssll million) for the period ended June 30. Analysts had forecast profits of between 143 million and 218 million yuan for the whole
        Bloomberg Business News  -  236 words
    • FINANCE & COMMODITIES
      • Article
        HK bank cartel to remove rate cap on time deposits
        322 9  -  From Lim Soon Neo in HONGKONG IN LINE with the government's request, the Hongkong Association of Banks (HKAB) the cartel that sets deposit rates will remove the interest rate cap on time deposits in phases starting from October. Announcing the
        322 words
      • Article
        Lock icon Bank of China gets nod to open KL representative office
        249 9 Bernama BEIJING Malaysia has agreed in principle to allow the Bank of China to set up a representative office in Kuala Lumpur. The go-ahead was given by Deputy Prime Minister Anwar Ibrahim, who is also Finance Minister, in his talks
        Bernama  -  249 words
      • Article
        Lock icon GE Capital buys Minebea Credit for 120b yen
        154 9 AFP TOKYO GE Capital, the financial services subsidiary of US General Electric, has obtained a foothold in the Japanese market with its purchase of the Minebea group's financial operations, the two groups announced late on Thursday. The deal could be worth 120
        AFP  -  154 words
      • Article
        Lock icon Bank Negara to tighten supervision of insurers
        200 9 AFP KUALA LUMPUR Malaysia's central bank. Bank Negara. has indicated it will tighten supervision of insurers from next year to safeguard their financial integrity, following the recent liquidation of the country's largest general insurer. Bank Governor Ahmad Mohamcd Don, who is also the
        AFP  -  200 words
      • Article, Illustration
        Lock icon The petrol queue
        74 9 AFP. LAGOS These Nigerian drivers have already waited for four days to buy petrol. And they will probably have to wait for another four or even five days. Nigeria's military regime has passed two decrees setting its decision to dissolve the three oil workers' unions that declared
        AFP.  -  74 words
      • SMALL CHANGE
        • Article
          Lock icon Bank of Communications inks CD issue
          87 9 Reuter HONGKONG The Hongkong branch of Shanghai's Bank of Communications was cxpected to sign an agreement with eight banks to issue HKS26O million (5550.4 million) of floating rate certificates of deposit yesterday, co-arranger Westpac Finance Asia said. The facility is composed of a three-year
          Reuter  -  87 words
        • Article
          Lock icon Cagamas issues M$350m notes
          73 9 Reuter KUALA LUMPUR Malaysia's national mortgage firm Cagamas Bhd said it issued Cagamas notes worth MS3SO million (*****.9 million) yesterday. The notes have a tenor of 91 days. The note issue was made by tender opened to 23 principal dealers appointed by Bank Negara, Malaysia's central
          Reuter  -  73 words
        • Article
          Lock icon Eight banks upgrade Taiwan offices
          78 9 AFP TAIPEI Taiwan has allowed eight foreign securities firms to upgrade representative offices here to branches in a step towards market liberalisation. Securities and Exchange Commission officials said yesterday. The "Big Four" are Nomura Securities, Daiwa Securities, Nikko Securities and Yamaichi Securities, they said, adding
          AFP  -  78 words
      • Article
        Lock icon ADB plans NT$ dragon bond issue despite rising rates
        248 9 Reuter TAIPEI Asian Development Bank (ADB) president Mitsuo Sato said yesterday the bank hoped to issue Taiwandollar denominated "dragon" bonds in Taipei despite delays caused by soaring domestic interest rates. Mr Sato, in Taiwan to address an economic conference, told reporters
        Reuter  -  248 words
      • Article
        Lock icon World sugar stocks expected to drop 1.96m tonnes
        425 10 Any decline in prices unlikely to be sustained for long, says broker Reuter LONDON World sugar stocks in the coming crop cycle will fall 1.96 million tonnes, sugar broker C Czarnikow said in its latest review. That compares with drawdowns of 4.94
        Reuter  -  425 words
      • Article
        Lock icon Unocal Thailand's gas sales to Thai petroleum authority slump 21pc
        267 10 Platt's Oilgram SINGAPORE Unocal Thailand's natural gas sales to the Petroleum Authority of Thailand (PTT) in the first half of this year plunged 21 per cent over the same period last year. The PTT has partly shifted purchases to the
        Platt's Oilgram  -  267 words
      • Article, Illustration
        US$ expected to stay weak
        475 10 DBS Weekly Currency Review LS$/Dm: correction to bear trend US$/Dm traded lower to 1.5265 on Monday before recovering to touch a high of 1.5505 on Thursday. It then eased to around 1.5430 yesterday morning. Crucial resistance is seen at the 61.8 per cent retracement of
        475 words
      • Article
        Lock icon Rubber-exporting countries to propose 12pc price hike
        243 10 Reuter BANGKOK Rubber producing countries are expected to propose a 12 per cent rise in the current reference price during talks with consumer countries in October, a Thai official said yesterday. The two parties are due to meet to negotiate a new International
        Reuter  -  243 words
      • Article
        Indian copper production to jump by more than 50pc to 250,000 tonnes
        316 10 NEW DELHI India's copper output is expected to rise sharply over the next four years but the country will have to import two thirds of its needs to meet rising demand, the head of the state-owned copper monopoly
        316 words
      • Article
        Lock icon Futures sustained by US gasoline, holiday
        405 10 ENERGY REPORT Bloomberg LONDON Crude oil futures extended a three-day gain yesterday, sustained by stronger US gasoline, which climbed as traders bought contracts they had previously sold at higher prices. Crude was also lifted by traders consolidating their positions ahead of a three-day break.
        Bloomberg  -  405 words
      • Article
        Lock icon Japanese beef producers worried by flood of imports
        266 10 Reuter TOKYO Japan s beef industry is worried about growing imports and a huge supply glut caused by falling import duties and the strong yen, the head of the nation's major meat importer said. Jiro Shiwaku, president of the Livestock Industry Promotion
        Reuter  -  266 words
      • Article
        Lock icon London
        195 10 Reuter LONDON The dollar was subdued at the European start as the market watched for signs of progress on the US-Japanese trade front and waited tor US economic data. "The dollar has been relatively well underpinned but we see this as a brief" respite," said Adam Chester, international bond
        Reuter  -  195 words
      • Article
        Lock icon New York
        87 10 AFP NEW YORK The dollar climbed in active trading early yesterday on news of lower-than-expected second-quarter gross domestic product figures and a roll back in bond rates. Around 1345 GMT, the dollar cost 1.5540 German marks from 1.5423 late Thursday and 99.80 Japanese yen from 99.62. In London
        AFP  -  87 words
      • Article, Illustration
        Untitled
        1452 10 I radc-teifhled index tabulated against S'pore'f top 14 trading partners Bair year /W5 US$/S$ forward rates Noon Aug 26 s$ BM Offer 1-month 1 4981 ***** 2-month 1.4976 1.4990 3-month 1.4972 1 4986 6-month 1 4946 1 4964 Sway OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi on
        1,452 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        533 9 Vessel Voy No Berth Armal Departure Vessel Voy Wo Berth Mn* Pepartoe luna. Port hW W P02 2; OS/1000 2808/1500 Batam IwWi N140 II alongside 27 08/2000 Cheremkhow 043S P07 26.08/1430 2708/1800 C*to Eicelence >12 112 alongside 2708/0800 Eastern Gl 22t/9« P04 2708/0800 2808/0800 Crane Stat 35/94
        533 words
      • Article
        CONTAINER SCHEDULES
        1465 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsHs Ship Voy No Etb/Btr Period From To From *ci Me 201* 28/0500 1* 26/1500 28/1669 26/1900 IB 26/1500 26/1659 26/1900 3 27/0/00 27/UW 27/1400 27/1200 27/1459 27/1700 ta I*
        1,465 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen futures close easier but off lows
        1322 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended easier but off the day's lows. Dealers said market participants continued to look to dollar/yen exchange rates for direction in the absence of fresh fundamental factors. "Euroyen tried to test the downside but it was
        Reuter  -  1,322 words
      • Article
        KL tin up 15 sen on foreign demand
        664 11 COMMODITY REPORTS KL Tin TIN rose 15 sen to close at MS 13.35 a kg as foreign buyers returned in a big way to pick up the metal. The market strengthened after tin rose US$BO a tonne overnight in London. Foreign buyers
        664 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          China cotton imports up substantially
          56 11 TOKYO China imported 80,000 tonnes of cotton in June, leaving Jan-Jun imports at the 100,000-tonne level, up 1,480 per cent from JanJun 1993, according to China's official external trade statistics. China exported 18,444 tonnes of cotton in June, bringing Jan-Jun exports to 78,813 tonnes, up
          56 words
        • Article
          Shandong holding back gold sale
          130 11 HONGKONG China's Shandong province sold less than half of its total gold yield between January and May to the People's Bank of China, the local Wen Wei Po newspaper reported yesterday. China requires that all gold mined in the country be sold to the central
          130 words
        • Article
          India approves edible oils import
          65 11 NEW DELHI The Indian government will alio* the state-run State Trading Corp and the National Dairy Development Board to import 100,000 tonnes each of edible oils. A government official said the Cabinet Committee on Prices made the decision this week to allow the two companies
          65 words
        • Article
          Taiwan lowers LNG price
          64 11 TAIPEI Taiwan's Chinese Petroleum Corp on Thursday reportedly agreed to lower the price of liquid natural gas (LNG) from NTS7.O7 per cubic meter to NTS6.IB, the Chinese-language Commercial Times said yesterday. CPC reportedly agreed to a 12.5 per cent reduction in LNG price to promote its
          64 words
    • Article
      COMMODITY PRICES
      1459 11 Rubber Singapore Commodity Exchange (future* doting as at 5.30p«) ESS I Centred (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep~94 I 202.50 950 Oct 192.75 190 00 192.25 300 4600 Nov 184.00 180.75 180.25 300 5100 Dee 177.75 176.00 176.75 250 4850 Jan/Mar 95
      1,459 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1042 12 -0.6 STOCKS closed slightly weaker yesterday, but off its lows, after bargain hunters entered the bourse in afternoon trade. The All Ordinaries Index ended at 2,077.2 points, down 0.6. The All Industrials Index finished 3.1 lower at 3,003.8, while the All Resources ended up 1.4 at 1,384.5. Turnover totalled
        1,042 words
      • Article
        Manila
        711 12 -28.17 Share prices ended a four-day rally to close lower yesterday as investors locked in profits to prepare for another expected run next week. The PSE Composite Index shed 28.17 points to close at 3,098.89. Turnover was 3.63 billion shares, valued at to 1.58 billion pesos. An analyst described
        711 words
      • Article
        Bombay
        65 12 There was no trading at the Bombay Stock Exchange yesterday as brokers and their employees were absent on account of a general strike called by two rightwing Hindu political parties, an official said. "The BSE is officially open but we cannot trade because there is no one in the
        65 words
      • Article
        Taipei
        587 12 4-23.09 The Taiwan bourse yesterday scaled up modest gains in quiet trading amid cautious sentiment, propelled mainly by electricals and foods, dealers said. The 377-issue Weighted Price Index recovered 23.09 points to settle at 6.881.1. Turnover was 1.12 million shares valued at NT558.42 billion. The market slid to the
        587 words
      • Article
        New Zealand
        282 12 -13.12 Share prices dropped yesterday, with food group Goodman Fielder leading the decline after a poor result from its Asian subsidiary, traders said. A decline in US stocks also depressed local stocks, on low volumes, they said. "Local institutions are all more or less set. No one is
        282 words
      • Article
        Seoul
        459 12 +5.97 Share prices staged a comeback yesterday on a flood of buying orders on low- and mediumpriced large capitalisation issues, dealers said. The Composite Price Index recovered 5.97 points to settle at 951.38 with turnover bulging to 33 million shares worth 650 billion won. Rises outpaced falls 567 to
        459 words
    • WORLD STOCK MARKETS
      • Article
        London
        682 12 +30.9 STOCKS rose for a fourth day as signs of slackening growth in the US economy sparked a surge in US stocks, bonds and the dollar. The FT-SE 100 Index jumped 30.9 points to 3,265.1, its highest level since March 15, when it closed at 3,267.4. In the past
        682 words
      • Article
        Paris
        170 12 +36.22 French stocks rose for the fourth day, surging 1.8 per cent to a two-week high after a a report of tame US economic growth. Traders said figures showing a less-than-expec-ted upward revision in US second-quarter gross domestic product growth were interpreted by investors as a sign that the
        170 words
      • Article
        Frankfurt
        176 12 German stocks surged 1.7 per cent in post-bourse trading as US stocks and bonds rallied after news of slower US economic growth dampened inflation fears. "The biggest influences today are the US stock market, the US bond markets and the rising German bund future," said a trader. "All the
        176 words
      • Article
        Milan
        140 12 107 Italian stocks closed higher for the sixth time in seven days, as they were lifted by higher bond prices and by faith the government will be able to agree on a strong budget for next year. "There are expectations that there will be good news," said a trader.
        140 words
      • Article
        Amsterdam
        263 12 +3.10 Dutch stocks rose as the US dollar surged and major companies reported better earnings. The EOE Index rose 3.10 points to 420.83. "Investors are looking more to fundamentals and some very good results are lifting the market," said a trader. "Even with the exdividend stocks today the market
        263 words
      • Article
        Stockholm
        147 12 17.36 Swedish stocks closed higher for a third day as international investors bought shares in Sweden's leading companies in anticipation of better-then-expected earnings next week. The OMX Index rose 17.36 points to close at 1,133.13. Traders said international interest in some of Sweden's companies, such as pharmaceuticals company Astra
        147 words
      • Article
        Brussels
        155 12 +3.62 Belgian stocks rose, after yesterday's revision of US second-quarter growth was Seen as evidence of tame inflation. The news sent Treasury bonds sharply higher, triggering a spurt in the dol- lar and propelling major European stock markets higher on the day. The Bel-20 Index closed up 3.62 points
        155 words
      • Article
        Zurich
        242 12 +30.20 Swiss shares gained 1.18 per cent, the third advance this week, as the dollar strengthened and Wall Street rose on weaker-than-expected economic growth figures. The SMI Index of 23 leading stocks closed up 30.20 points at 2,581.3. Fifteen stocks rose, one was unchanged and seven fell. The SPI
        242 words
      • Article
        Toronto
        259 12 +30.55 Stocks continued to add to early US data-inspired gains with a rallying Canadian dollar underpinning their performance. "We're still rallying but the volume is less convincing than it was yesterday." one dealer said. "I expect we are reaching an intermediate top here but generally, there's a good feel
        259 words
      • Article
        New York
        698 12 +25.25 The Dow Jones Industrial Average, which retreated 16.84 points on Thursday, was ahead 25.25 to 3,855.15 at Ham EDt. The NYSE Composite Index was ahead 1.29 to 259.47, while STandard Poors 500-stock Index was up 2.83 to 470.91. Advances topped declines 1.106-571 among the 2,477 issues crossing
        698 words
      • Article
        Johannesburg
        307 12 -59 Shares ended substantially lower yesterday as sellers gathered ahead of the weekend after fundamentals turned against investors after a mostly bullish week. Dealers said a firmer financial rand, losses for South African shares listed in New York and US shares on Thursday and gold's inability to push above
        307 words
      • Article
        Untitled
        700 12 Britannia Funds Sterling Cash BM Offer MimfapDepout M MOO U MOO Mim Jenev Gill A IN J 0 19*2 Mim Man Income .***** 0 9)00 LSS Cash Income Plin Fund *9 5300 ******0 PS S Re*rve F ond J WOO 5 )100 Sleriiat Lqait) Euro Performance .0 4592 0 49)8
        700 words
    • Article, Illustration
      Lock icon HONGKONG
      2849 13 Bloomberg Business News HONGKONG Stocks rose for the third day as investors regained confidence over company earnings prospects in the territory. Cheung Kong and Hutchison Whampoa reported first-half net profits at the top end of analysts' expectations on Thursday. Their earnings reassured investors that companies on the Hang Seng
      Bloomberg Business News; Source: Bridge Info  -  2,849 words
    • Article, Illustration
      Lock icon CHINA
      521 13 CLSA SHANGHAI B share turnover surged by 55 per cent to US$9.3 million. Active trading was seen in the two bicycle companies, with Phoenix up 2 per cent and Forever down 5.8 per cent. The index ended 6.83 points up at 866.26. In Shenzhen, turnover contracted to a mere
      CLSA  -  521 words
    • Article, Illustration
      Lock icon TOKYO
      2505 13 Reuter TOKYO Stocks ended steady, though off highs, with investors encouraged by a stabler dollar/yen rate. Sentiment was helped because latest announcements of corporate earnings include better-than-expected numbers from big exporters despite the yen's appreciation. The 225-share Nikkei Average ended up 28.20 points at 20,471.49. The first-section Topix Index
      Reuter; Source: Bridge Info  -  2,505 words
    • Article, Illustration
      Lock icon BANGKOK
      1748 13 Reuter BANGKOK Stocks closed higher on late buying of selective building material and banking counters. The SET Index closed 6.03 points higher at 1,450.75. Turnover was 13.9 billion baht. Rises led falls 160 to 138. "The finance sector, led by Finance One, pulled the index into the negative zone
      Reuter; Source: Bridge Info  -  1,748 words
    • Article, Illustration
      Lock icon JAKARTA
      1147 13 Reuter JAKARTA Share prices extended their gains in afternoon trading, with consumer and cement stocks leading the market. "The upbeat momentum remained intact. Local players seemed to be in a buying mood as well," one broker said. Brokers said convincing firsthalf results appeared to have boosted confidence in an
      Reuter; Source: Bridge Info  -  1,147 words
    • Article
      CLOB INTERNATIONAL
      1962 14 MOST ACTIVE volume Bcnaya L Wi99 9,672.000 Mulpha Intl 50c 8,754.000 Idns Hyd 50c 8.155,000 I ml Oxyacn Wl95 6,034.000 Kamunting 50c 5.825,000 Promct 5,496,000 Mu III- Purpose 5,477.000 Fabcr Group 4,272.000 Ind Oxygen 50c 4,022.000 Lien Hoc TSR97 3,804,000 Asia Hac Ld 3,552,000 PMI 50c 3.285.000 KL
      1,962 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks close sharply lower on profit-taking
        3604 14 Reuter, Bloomberg Business News KUALA LUMPUR Malaysian share prices closed sharply lower yesterday as profit-taking sparked by a slew of unfounded rumours on Thursday gained momentum, analysts said. The benchmark Composite Index fell 24.36 points, or 2.14 per cent, to close at 1,111.78, its
        Reuter, Bloomberg Business News; Source: Bridge Info  -  3,604 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7998 15 1 MAIN BOARD Transaction date: Aug 26 Ct Of M Wl Last Vet Day Last Q-* Dif Dtv YM Nrt Caj An High Lao Com—; Sale (KM) High Lm Buyer Seller CNr P'F. tail Price INDUSTRIAL AND COMMERCIAL 1440 1)5 I s Acma 985 -15 108 995 985 985 990
        7,998 words
      • Article, Illustration
        Lock icon Stocks shed early loses to close marginally higher
        1829 16  -  By R Sivanithy SINGAPORE Severe weakness in Malaysian stocks weighed prices down for the second consecutive day yesterday, leaving a few corporate developments to provide the only highlights in otherwise disappointing trading. Along with Malaysian shares, the Straits Times Industrials Index opened
        Charts by Bridge Info; Source: Bloomberg  -  1,829 words
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      187 6 NEWS VALUE S'pore govt tells credit card issuers to tone down ad campaigns (pg I) Could dent profit of banks as advances on credit cards are highly profitable. KL stocks plunge on news of govt crackdown on Al Arqam (pg I) Impact exaggerated by profit-taking. UIC posts flat profit, 13pc
      187 words
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      219 words
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      50 words
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      322 16 TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 ft 4' X> J EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. sinoatokb rri BusinessTimcs WV MOW ASM IN THE MATTERS OF THE COMPANIES ACT. CAP SO AND TAI-CHEM PTE LTD (la Member*' Voluntary Liquidation) NOTICE OP RESOLUTION Ai
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      314 16 THE COMPANIES ACT. CAP. 50 ALBERT CONSTRUCTION (PTE) LTD (la Voluntary Liquidation) SPECIAL RESOLUTIONS PASSED ON MTH AUGUST, 1994 Ataa Eitrnonfcnary General Meeting of the Company held oa the 20lh dny of August. 1994, tke following Special Resolutions were passed > (a) That tke Company be wound up voluntarily; (b)
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      332 16 M THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO M THE MATTER Of CONSOOEX PRIVATE UNITED (In Mam bra 1 Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary Ganaral Meeting ol the Members of CONSOOEX PRIVATE LIMITED duly convened and held at the Registered Office. 122 Middle Road. *07-02
      332 words
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  • ISEAS Trends
    • Article, Illustration
      Consequences of a new member
      1211 17  -  Hoang Anh Tuan analyses the economic, political and security implications of Vietnam's eventual membership of Asean Hoang Anh Tuan Hoang Anh Tuan is a researcher at the Institute of International Relations, Hanoi, and is currently a Research Fellow at ISEAS. His views do not represent
      1,211 words
    • Article
      Redefining Japan's national security
      1126 17  -  Japan is readjusting the balance between military and non-military means in the definition of its security policy, says Yasuhiro Takeda Yasuhiro Takeda Dr Yasuhiro Takeda is an Assistant Professor in the School of S(x ial Sciences at the National Defence Academy. Japan. NATIONAL security is not
      1,126 words
    • Article, Illustration
      UN faces onslaught of nasty civil wars
      1123 17  -  All the wars that raged in 1993 were civil wars, which competed for the United Nations' attention. Yet the UN is ill-equipped to cope with these wars. Ramesh Thakur examines the issue Ramesh Thakur Dr Ramesh Thakur is Professor of International Relations at
      1,123 words
    • Article, Illustration
      How should PAP deal with slide in popular vote?
      1473 18  -  Liak Teng Kiat examines the dilemma confronting Singapore's ruling party in the face of growing voter rebelliousness Liak Teng Kiat Liak Teng Kiat is a Fellow at ISEAS. IN typically Singaporean fashion, both Prime Minister Goh Chok Tong and his deputy
      1,473 words
    • Article
      New directions in India's foreign policy
      1003 18  -  By Jasjit Singh Commodore Jasjit Singh is Director of the Institute for Defence Studies and Analyses, New Delhi. INDIA'S foreign policy started to receive new directional thrusts in the early 1980s, initially due to intensification of the Cold War, and later due to its
      1,003 words
    • Article
      Trends to circulate with Jakarta Post
      170 18 talus »A f„f *I*l nl ,innn Sim A ■m illn ilnl p US PmIKwI syndicated publication. An agreement between the Institute of Southeast Asian Studies (ISEAS) and Indonesia's English-language daily, The Jakarta Post, has been reached whereby Tiwufr will circulate with a new Sunday
      170 words
    • Article, Illustration
      Sunday in Yogyakarta
      1113 19  -  P Lim Pui Huen reflects on Indonesia's gift for harmonising indigenous and foreign elements P Lim Pui Huer P Lim Piti Huen is a Research Fellow at ISEAS, and Associate Editor of Trends. YOGYAKARTA lies in the heartland of Javanese culture. A unique feature of Javanese culture
      1,113 words
    • Article
      Co-ordinating domestic policies under Apec?
      1109 19  -  Reza Y Siregar examines one of the key recommendations of the Apec Eminent Persons Group Reza Y Siregar Dr Reza Y Siregar is a Fellow at ISEAS. IN its October 1993 report, the Eminent Persons Group (EPG) to Apec Ministers proposed a wide range of
      1,109 words
    • Article, Illustration
      Dancing with the Chinese dragon
      1535 19  -  Mark J Valencia speculates on the potential for conflict in the increasingly complex disputes in the South China Sea Mark J Valencia Mark J Valencia is a Senior Fellow in the Program on International Economics and Politics, East- West Center. Hawaii. AMERICAN and Japanese companies
      1,535 words
    • Article, Illustration
      Reforming Myanmar's state economic enterprises
      1555 20  -  How do you turn unwieldy economic dinosaurs into nimble dolphins? Tin Maung Maung Than looks at Myanmar's experience Tin Maung Maung Than Tin Xiaung Xtaung Than is a Fellow at the Institute of Southeast Asian Studies. IN its sixth year of governance, Myanmar's State Law
      1,555 words
    • Article, Illustration
      Laos-Thailand: bridging a troubled border
      1507 20  -  Andrew Nette looks at the controversy surrounding a proposed second bridge-link between Laos and Thailand Andrew Nette Andrew Nette has been working in Laos for the past one-and-a-half years as a communications consultant with Unicef. GONE is the talk of friendship between nations that accompanied
      1,507 words
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      38 18 Saw an ad of a house that you may like to own? o Leave your name and telephone number in the seller's ClassiFone mailbox and let him respond to your call. OassiFiNE^ ■ririiiitii'riinmiiaM'iiviinl cax* An SPH AudloTm Strvlc*
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  • Executive Lifestyle
    • Article, Illustration
      Born trouble-maker
      1775 21  -  Director Oliver Stone has done it again his latest film, the extremely violent Natural Born Killers, is creating a furore across the US. The film-maker, who recently embraced Buddhism, tells Fionnuala Halligan what drives him Fionnuala Halligan I'he writer is a freelance entertainment journalist who contributed this article
      1,775 words
    • STRAWS IN THE WIND
      • Article
        Just wondering
        92 21 HONGKONG tycoon Deacon Chiu avoided having to stand trial for conspiracy a year ago because a judge ruled that he was suffering from dementia. That, however, didn't stop the patriarch of the Far East Consortium from continuing as chairman of three listed companies. Now. reports in Hongkong say
        92 words
      • Article
        Odd meal
        21 21 A BREAKFAST coupon at an Indonesian hotel has the following request: Please present this coupon when ordering your foot.
        21 words
      • Article
        In short
        32 21 A BUSINESS TIMES reporter sent this E-mail message to his colleague who was poring over the Urban Redevelopment Authority's statistics on housing: "So U R A busy man this week?"
        32 words
      • Article
        Nearly right
        14 21 WHY do they keeping call near-disasters near-misscs when they are really near-hits?
        14 words
    • OPINIONS
      • Article
        Let's get our values right — or else...
        1037 22  - Let's get our values right or else... Said Abdullah says if the family building block crumbles, a moral Armageddon would be a well-deserved fate for humanity Said Abdullah The writer is a BT journalisi PRIME MINISTER Goh Chok Tong's pro-family theme at the National Day Rally is timely. As well,
        1,037 words
      • Article
        Raw deal for local shareholders
        563 22  -  LETTERS TO THE EDITOR Philip Toh I REFER to your recent article titled "Foreign tranches in S'pore finance firms up seven-fold" (BT, Aug 17). I feel that the present way of listing a foreign tranche by companies with a limit on foreign shareholdings creates an
        563 words
      • Article
        Aim of weekend car scheme must be preserved
        314 22  -  Ong Ye Kung for Permanent Secretary (Communications) WE THANK your writers and readers for their comments and feedback on the Weekend Car Scheme. The Weekend Car Scheme was introduced on May 1, 1991 to enable more Singaporeans to own cars without creating
        314 words
      • Article, Illustration
        So what if Keating told Hawke that Australia's the '*****-end of the world'?
        936 22  -  Peter Osborne says neither man emerges from the Hawke memoirs as an upright gentleman Peter Osborne The writer is a BT journalist. The Hawke Memoirs is published by William Heinemann. Available in selected bookstores in Singapore. Sss6.
        936 words
      • Article
        Emulate the Body Shop example
        928 22  -  Neville Stack believes recent allegations against the Anita Roddick operation are unfair Neville Stack The writer is a political commentator based in London. He writes regularly for BT. THE COOL green havens for women that the world knows as Body Shops have become an icon
        928 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon The dreams that drive Michael Mun
        2258 23  -  3SK THE RAFFLES CONVERSATION The president of Singapore multimedia firm Aztech Systems chats with Kenneth James about the joy of hard work, and the challenges and advantages of being a Singapore entrepreneur Kenneth James Michael Mun sums himself up in one word fighter. "1
        Photo by Chris Loh  -  2,258 words
      • Article
        Spirit of enterprise alive and well
        1083 23 MICHAEL Mun agrees that prosperity has made most Singaporeans go for the safe options, that "the majority of Singaporeans may want to piay safe because the government has provided such a comfortable life for them". But the country does not lack for entrepreneurs, he
        1,083 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Aug 29-Sep 2)
          482 24 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, G K Goh, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, OCBC investment Research, Phillip Securities, S G Warburg, Smith New Court,
          482 words
        • Article, Illustration
          In my opinion...
          203 24  -  Andrew Pearson Head of research P T Peregrine Sewu Securities 1 he Indonesian I market has staged JL a strong and broad-based recovery from an intra-year index low of 449 in early July. Foreign buying has provided most of the impetus for the recent surge. Local activity
          203 words
      • Article, Illustration
        Fears over interest rate overdone
        539 24  -  Joyce Quek says Singapore companies may actually benefit from higher rates Joyce Quek IS THERE life still in the Singapore market? No, say many analysts because the local bourse is already fully valued. As such, market players will go north Malaysia and Thailand where there
        539 words
      • Article, Illustration
        Lock icon Technicals signal correction on KL bourse
        207 24  -  By Quak Hiang Whai The immediate outlook of the Kuala Lumpur Stock Exchange Composite Index does not look good, going by the daily technical signals. The daily MACD lines crossed from above zero during mid-week while its nineday moving average line cut the index
        Source: Bridge Info  -  207 words
      • Article
        Speculators target mining and property stocks
        376 24  -  Mining firms make good candidates for reverse takeovers while property firms are being re-rated, reports Elaine Koh Elaine Koh G Tin mining stocks many near-defunct and candidates for reverse takeovers outperformed all other sectors in the Malaysian market since they began to stir in
        376 words
      • Article, Illustration
        Research houses recommending a stag on Flextech
        840 24  -  By Joseph Rajendran Electronics and computer group Flextech Holdings, which is seeking a Sesdaq listing, falls between a "stag" and "subscribe" in the estimation of research houses. On the one hand, the issue statistics for the stock are attractive; moreover, it appears to
        840 words
      • Article, Illustration
        Lock icon Hongkong market turns focus on results announcement
        612 24  -  Eye on the region Eugene Law expects several weeks of sluggish performance and continued range trading Lugene Law The writer is research head of Standard Chartered Securities THE HANG Seng Index (HSI) continued to range trade throughout the week, touching an intra-day high
        Bridge Info  -  612 words
      • Article, Illustration
        You can be a computerised trader — at home
        1183 25  - You can be a computerised trader at home Paul Leo checks out the technology and software available to help an investor analyse the price patterns of stocks Paul Leo YOU READ it in Hot Stock. You read it in Chart Point. Now you can do it too. "It" is analysing
        1,183 words
      • Article
        ACU deposit rates offered by various banks (as at Aug 26, 1994)
        737 25 N«rt publication date-. Sep 24 1994 Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount l-wk l-mth 3-mth 6-mth Bank of China Nz25.ooo-s49.999 5.4375 5.812s 6.1250 S***** £24 999 4.3125 4.6875 5.1875 10.000 49.999.99 4 0000 4.8750 4.8750 5
        737 words
      • Article, Illustration
        An annuity option combined with life insurance and a critical illness plan
        606 25  -  Soh Tiang Keng on NTUC Income's latest product which will debut on Thursday Soh Tiang Keng NTUC Income is set to launch an innovative package, combining an annuity option with a life insurance and a critical illness plan.
        606 words
      • Article
        Tell me more about... property tax
        449 25 Q. What is annual value? A. Annual value is the estimated annual rent that your property can fetch. For example, if your property can bring in $1,000 a month in rent, then the annual value will be about $12,000. The annual value is determined
        449 words
    • Article, Illustration
      Cowboys to the rescue
      689 26  -  CiMiitt Review By SUSAN TSANG ITS THE fish-out-of-water formula. One can take city slickers and send them off on a cattle drive, or bring a couple of rodeo stars to the city and let them find The Cowboy Way around. Of course, if one fills out
      689 words
    • Article, Illustration
      Unconvincing thriller
      577 26  -  By SUSAN TSANG SOME kids like to play with chemistry sets. Others like to smash up their toys. And then there are a few who like to make up silly stories. If they indulge all of these habits, and stir in grown-up ideas like characters with a mysterious
      577 words
    • Article, Illustration
      Lock icon Tropical escape
      1227 26  -  Key West may no longer be a playground for eccentrics but it still retains much of its charm, says Leon Hadar Leon Hadar The writer is BT's Washington correspondent KEY West, Florida. So, here I am, 246 kilometres from Miami, on the southernmost tip of the United States,
      Photos by Alyn Hadar  -  1,227 words
    • Article, Illustration
      Absorbing tour of our past
      678 26  -  Theatreworks' Theatre Carnival on the Hill is a great trip, says Susan Tsang Susan Tsang LONGING sounds like a downbeat theme for a carnival but Theatreworks' Theatre Carnival on the Hill emphasised the festive mood and the setting more than the theme. In so doing,
      678 words
    • Article, Illustration
      Moving into new territory
      731 27  -  CO Review By SHAHIRON SAHARI HARRY CONNICK Jn She AN OPEN mind is the only thing you'll need to appreciate Harry Connick Jr's latest piece of work. She marks a refreshing change for crooner Connick, who was probably starting to feel, after a series of big-band
      731 words
    • TIME OFF
      • Article
        PERFORMANCES
        429 29 Longing Theatre Works' sequel to the Carnival on the Hill held two years ago presents various snapshots about passion, freedom, entrapment, lost times, dreams, love, hope and perfection and brings together Claire Wong, Lim Kay Tong, Nora Samosir, Jacintha Abisheganadan, Rani Moorthy, Rina Ong, Cindy Sim, Tan Kheng Hua,
        429 words
      • Article
        CONCERTS
        347 29 The Russian Wunderkind Russian favourites night. And no, Back in the USSR will not be played. Choo- Hoey handles the baton. The soloists are child prodigies Savva Grishenk, Sviatoslav Grishenko and Natalia Shuvalova and they perform pieces by Rachmaninov, Lalo and Wieniawski. There will also be a preconcert talk
        347 words
      • Article
        FILMS
        79 29 Song Without Words Screened in conjunction with TheatreWorks' festival (see above), this film tells the tragic story of mute orphan girl Chiu Ling (Lucilla Yu Ming). Illtreated by her foster mother, she finds love with Shih-Hsiang (Kelly Lai Chen) but sadly cannot marry him. Today, Bpm at the Fort
        79 words
      • Article, Illustration
        EXHIBITIONS
        557 29 Comox '94 This one has been billed as the international computer technology, system and products exhibition for the '90s. Till tomorrow. Ham to 9pm at the World Trade Centre Hall 5 and 6 and the Harbour Pavilion. Admission is free. Moneyworid Asia '94 This exhibition features the currency of
        557 words
      • Article
        TALKS
        135 29 State of Residential Property Market in Singapore The National University's School of Building and Estate Management is organising this forum which looks at the current market conditions and what it holds for the future. Is the residential property boom over and where are prices heading? Panelists will answer these
        135 words
      • Article
        SUICIDE PREVENTION WEEK
        315 29 Organised by the Samaritans of Singapore. this is a week long series of exhibitions, films, talks and workshops to help people understand more about suicide; what drives people to take their own life; how does one cope; and how to deal with problems. NOTE: All movies will
        315 words
      • Article
        MISCELLANEOUS
        201 29 Jumble Sale of Books The National Library and its Branches have set up this travelling jumble sale which not only promotes reading, but also gives you a chance to buy some really cool books at really cheap prices. Hardcover and paperbacks will be on sale, as well as periodicals.
        201 words
      • Article
        AT THE SUBSTATION
        309 29 Dream Catcher An exhibition of sculptures by Chong Fah Cheong that reflects his recent experiences in Canada. Using various mediums like wood and marble, this is his seventh one-man exhibition. Till tomorrow, at the Gallery. Her Husband, His Wife and Their Lover Shades of Peter Greenaway? This
        309 words
      • Article
        AUDITIONS
        44 29 Necessary Stage Two lead actors one male, one female are wanted for their new production entitled A Little Older. Auditionees must be able to portray characters in their mid-20s. Aug 30. 7pm at the Necessary Stage. 126 Cairnnill Road. Call 733-2716. for registration.
        44 words
      • Article
        TICKETING
        132 29  -  Compiled by Christopher Toh Sistic outlets are at Forum Galleria, Liang Court, Raffles City, Scotts, Specialists' Centre, Takashimaya. Cold Storage at Jelita, Promenade and World Trade Centre, and at the Singapore Indoor Stadium. Hotline: 348-5555. TickelCharge outlets are at Metro stores, Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929. If
        132 words
    • PEOPLE
      • Article, Illustration
        Time to celebrate
        207 29 SESDAQ-listed Sincere Watch showed off an array of rare watches to invited guests at a preview exhibition last month. "Spirit of Time Exhibition" proudly displayed the watch that American astronaut Neil Armstrong wore when he first stepped on the moon 25 years ago. Its exhibition of more
        207 words
    • EPICURE
      • Article, Illustration
        Asian food creating a stir Down Under
        1258 30  -  According to one estimate, 225 million stir-fry meals are prepared in Australia each year. Penelope £>mith looks into the trend Penelope Smith The writer is an Australian-based freelance journalist who contributed this article to Executive Lifestyle. j Mention the word Asia to Australian
        1,258 words
      • Article, Illustration
        A mixed bag of Burgundies
        715 30  -  Wine By N K YONG TO BE fond of Burgundy is like being in love both pursuits are fraught with frustrations almost in equal proportion to the ecstasies. Whereas Bordeaux are more or less predictable, and so can be boring as a steady diet, the
        715 words
    • Article, Illustration
      CINEMA
      1027 32 A Confucian Confusion. Edward Yang's characters muse about truth and fakery in art and life, and sort out their relationships. Picturehouse: 11; 1.30; 4; 6.45; 9.15. Arctic Blue. A city slicker has to bring a murderous poacher to justice in Alaska. Prince: 11; 1.30; 4; 6.45; 9.15. Changi: 11;
      1,027 words
  • Page 21 Advertisements
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      115 21 ano n| C* 24-hour "Loan 4 k*tofm»tk>o 1 80 0 33 4 35 8 8 REVERSO. Avant-garde since 1931. In Jaeger- ■P^ an- < x N NOUNCED A WRIST- >7 WATCH V to be S 4><*C 4^H^7 />9 'J^M^r^J AT HOME ON THE <J> I SPORTS FIELD OR IN THE
      115 words
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  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      71 22 iHcag, >s, /IF you U>RMT IHC TRU^M C ST i OP my po.md I cpvroe \w 0^ J > \s«T.-weKt B WL yv Y ,T 7 T ««MaWMMNM>.aMH fc fticfc DOONESBURY GARRY TRUDEAU 11 sK2«£g£s? I 11, 703 d V, DURJN6A UV£ fLFttfTS MP Tb€- PFESI- /W CUNTON SP&fT THdRH
      71 words
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      175 27 IT'S TOUGH NOT TO HAVE FUN. WITH THE NEW MULTI-POINT INJECTION 16-VALVE VTTAM -> v:., "v- Take off with a blast! The New Suzuki Vitara 5-door has such a potent engine, you'll feel your pulse racing once you step on the accelerator. It eats up hillsides and tarmac with equal
      175 words
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  • SPORTS
    • Article, Illustration
      Lock icon South Africans strike gold in first Games since 1958
      700 28 AP VICTORIA, British Columbia South Africa is rejoicing after its first gold medals at the Commonwealth Games in 36 years. The victories in men's and women's fours lawn bowling on Thursday were reason for celebration for a country participating in the
      AP  -  700 words
    • Article, Illustration
      Lock icon S'pore's Zarinah bows out in quarter-finals
      476 28 Three other women's singles top seeds also falter AFP VICTORIA Singapore's Zarinah Abdullah saw dollars disappear on Thursday when she joined three other women's singles top seeds scattered on the penultimate day of Commonwealth Games badminton. Zarinah, reportedly in line for a commercial sponsorship
      AFP  -  476 words
    • Article
      Lock icon Hongkong bids farewell to the Games as 1997 looms
      275 28 AP VICTORIA, British Columbia Hongkong says goodbye foreverto the Commonwealth Games this weekend. When the final 53 athletes to represent the crowded, bustling British colony walk into Centennial Stadium tomorrow for the closing ceremony, they will head towards an uncertain future
      AP  -  275 words
    • SIDE LINES
      • Article
        Lock icon FAM to go ahead with M'sia Cup
        125 28 Reuter KUALA LUMPUR The Football Association of Malaysia will push ahead with the Malaysia Cup despite the shock waves from a match-fixing scandal in the professional league season, the New Straits Times newspaper reported yesterday. Paul Mony, general secretary of the FAM said
        Reuter  -  125 words
      • Article
        Lock icon DeFreitas, Hick help England win
        116 28 AFP BIRMINGHAM, England The reborn confidence of Phillip DeFreitas and Graeme Hick sank South Africa in the first one-day international against England at Edgbaston on Thursday. DeFreitas, recalled to the England side only this summer, took 3-38 and also held a fine outfield catch from
        AFP  -  116 words
      • Article
        Lock icon Mansell set to return to Formula One
        117 28 Reuter SPA-FRANCORCHAMPS, Belgium Nigel Mansell looks poised for a sensational Formula One comeback with Williams in 1995, according to comments made on Thursday by the president of Renault Sport, the team's engine suppliers. Patrick Faure confirmed long-running rumours that the 41-year-old Briton, who
        Reuter  -  117 words
      • Article
        Lock icon Dove-Edwin to try out with rugby team
        90 28 AP SYDNEY Commonwealth Games 100 m silver medallist Horace Dove-Edwin of Sierra Leone has been offered the chance to play professional rugby league for leading Australian team, the Canberra Raiders. Dove-Edwin, who finished second behind Olympic champion Linford Christie in Wednesday's 100 m
        AP  -  90 words
      • Article
        Lock icon Major League baseball talks fail
        110 28 AP NEW YORK Negotiations between striking Major League baseball players and owners broke off on Thursday with no new talks scheduled, dimming prospects that a mediator might help end the two-week-old walkout quickly. "People didn't walk out saying: 'We'll never talk to you again'," union
        AP  -  110 words
      • Article
        Lock icon Venezuela in Little League finals
        113 28 AFP WILLIAMSPORT, Pennsylvania Winning pitcher Eduaro Ferrer had a pair of two-run home runs and Venezuela pounded Saudi Arabia 10-1 here Thursday to reach the finals of the Little League Baseball World Series. The team from Maracaibo will face US champion Northridge, California, in today's
        AFP  -  113 words
    • Article, Illustration
      Lock icon Ailing top seeds make for a wide open event
      698 28 US Open preview Reuter NEW YORK The top-rank-ed defending champions are among the walking wounded, a retiring legend is passing up her own going-away party and last year's top men's seed threatened not to show up at all. Is this any
      Reuter  -  698 words
    • SCORE CARD
      • Article, Illustration
        Commonwealth Games
        241 28 VICTORIA Selected finals Thursday: Athletics Men's 30km walk: 1 Nicholas A'Hern (Aust) 2 hrs 7 mins 53 sec 2 Tim Berrctt (Can) 2:08:22 3 Scott Nelson (NZ) 2:09:10. Women's 10-km walk: 1 Kerry Saxby-Junna (Aust) 44:25 (GR) 2 Anne Manning (Aust) 44:37 3 Janice McCaffrey (Can) 44:54. Badminton
        241 words
      • Article, Illustration
        Tennis
        146 28 SCHENECTADY, New York 018 International Open 2nd rd Thursday Men: Jonas Bjorkman (Swe) b 1-Sergi Brugucra (Spn) 2-6 6-4 6-2; Chuck Adams (US) b 4Ivan Lendl (US) 7-6 (7-5) 6-4; 6Thomas Enqvist (Swc) b Steve Bryan (US) 6-0 6-3; Younes El Aynaoui (Mor) b Mats Wilander (Swe) 7-6 (7-4)
        146 words
      • Article, Illustration
        Golf
        142 28 AKRON, Ohio World Series of Golf Ist rd Thursday (US unless stated): 65 Loren Roberts. Craig Stadler 66 Jeff Maggert. Jose Maria Olazabal (Spn). Mark McCumber 67 lan Bakcr-Finch (Aust). Billy Mayfair, Steve Lowery, David Frost (SA), Greg Norman (Aust) 68 Davis Love, Ernie Els (SA). Nick Price (Zim).
        142 words
    • Article, Illustration
      Lock icon Baker-Finch impresses again in round one of World Series golf
      507 28 Golf AP AKRON, Ohio lan BakerFinch won the British Open in 1991, hit rock bottom in 1992 and has been finding ways to make the hole deeper ever since. "You can't get any worse than missing 10 cuts in a
      AP  -  507 words
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      124 29 Fulimirdf M ''Vv.,»~ 'i r >\*/g 1 rt> »n ■■)«n<r i- *t —r" c m —«Jw.r».<fcn^.r- J -T* m 32 Lucky rtiuTd ***** M D.I.W fcMtwi. Watcfc Ltd •UI-IS/2DOntiwpo4ntTd ****** |*w»ll«y Industrie* <S> Ft* Ltd 44 Aleundra Terrace JIS Bid* (Off Tasir P4«v* Rd)Td 47*11» Roy Extern tVudi ft« Ltd
      124 words
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      107 30 Ikadi A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, siew mai, sotong balls, chicken wings, otak otak, pizza, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more, just
      107 words
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      Page 30 Advertisements Column 2
      27 30 o o o o o LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. \wawoii§ r i Business Times WIKMOmAJH
      27 words
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      791 31 Nothing Beats ABucL M' or "JCigh Qea starts at 'JCigh Ottwn Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. All priors are subject to 101 service charge, 1% government ta* and
      791 words
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      Page 31 Advertisements Column 2
      260 31 WHERE TO WINE, DINE AND ENTERTAIN Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. *$n?0 (adult) '•W 8.00 (child) ■■■V Karaoke Hi-Tea
      260 words
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      Page 31 Advertisements Column 3
      346 31 Tadtote 3 $250++ M-ailflf TactageVCMaxrmum ~3JH© S3so++ JfiaLmn o f P™ J $300++fBirthday ■—T MajQmumof Mupnumof 15 persons) 10 persons) $180++ "KTV %oom for a song. for ruervatwiu. caU tu at 7J4 6151 between IOJOam and 6Jofm til Hit after SJOpm LlDßiy True.i an sub feci to service char/ft and
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      1985 32 TODAY'S TV \> 6.00 Morning News (M). i T i r Vi IMH»[U 7.00 Regional News (M). Y'i 8.00 Commonwealth Games The Great Pretender, 2pm, Floyd On Italy, 6.30pm, SBC 12 ~f$0 q1 e SBC 5 Keith Floyd completes his gas- CNN News< M > A Pulitzer Prize-winning tronomic tour
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