The Business Times, 3 December 1994

Microfilm: NL19753
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    14 1 Business Times ii/-'A'V/;II j.s/i mm MM ohm:,o> Weekend Edition. December 3-4 1994 75 c
    14 words
  • Article, Illustration
    Lock icon Selling by funds drives regional bourses sharply lower
    507 1  -  By R Sivanithy SIMiAPORI Ihe region's stock markets were dragged sharply lower yesterday. following renewed overnight weakness on V\ all Street that triggered a fresh round of redemptions b> foreign funds. Observers said investors continued to he unnerved by the instability in
    Source: Bridge Info  -  507 words
  • Article
    Lock icon Dow up 0.34 at 1pm
    123 1 Reuter \|W U>Kk Wall Street stocks were slightly higher at midday yesterday in meandering trade reflecting concern about the economy. (,aiders held their Icadover losers. I S treasuries rallied, with the hum bond up 28 32 to yield 7.9-1 per cent. "N\ hen you see
    Reuter  -  123 words
  • Article
    CK Tang, Metro arm post big losses as retail crunch bites
    484 1  -  By Corinne Kerk SINCiM»ORIi In grim testimony to a worsening business climate lor retailers. C k Tang and Metro's retail arm yesterday reported hea\y losses for the si\ months ended Sep 30. I^4. Ck Tang made a whopping net
    484 words
  • 2am LATEST
    • Article
      Lock icon US signals shift on Japan trade
      71 1 Reuter NI W YORK A senior US trade official signalled a shift in polio towards Japan yesterday b\ saying the I S must ditch its go-it-a lone tactics and enlist other nations to the lair-trade cause. I lie US has long been criticised for
      Reuter  -  71 words
    • Article
      Lock icon US still faces finance barriers: Bentsen
      72 1 AFP WASHINGTON Hanks and other US financial institutions still confront harriers in some foreign markets, particularly in \sia. said US treasury Secretary I lovd Ik'ntsen yesterday. "While many countries have begun to recognise the economic benefits that come from liberalisatkm of the financial sector,
      AFP  -  72 words
  • Article
    US Senate endorses world trade accord
    246 1  -  From Leon Hadar in WASHINGTON IN resounding victory for a bipartisanship congressional coalition, the US Senate approved on Thursday by an impressive majority of 76 votes the global trade accord negotiated by three I S presidents under the (icneral \greement on Tariffs and I
    246 words
  • Article
    Condo occupancy rate slips below 90%
    644 1  -  Fall ma\ signal end of 30-month boom By Lee Han Shih Sl\(i \l'(>Kl In vsh.it could he an earlv sign ol weakening demand, the t»ccupanc> rate for condominiums in Singapore has fallen below l >o per cent tor the first time in at least
    644 words
  • Article
    MARKET SUMMARY
    199 1 Stock market indices I ritl.n < li.inuv SMI 2.IX9.02 4(»5* K1 SI nmp 977 '4 W N&laci 18 Ml 10 -1 <i llaagScng ..*.221 57 -'ih 'i si Index l IM 11 u 4-» l.ik.irt.i omp n -II OS < I S hin;t l( J»l -I? \iist Ml
    199 words
  • Article
    Lock icon US key index, jobless rate yield mixed signals
    416 1 AP Bloomberg Business News AFP WASHINGTON I he index of leading indicators a key gauge of lIS economic growth over the next half-year Cell 0.1 pei cent in October as prices tor commodities and raw materials rose at a slower pace than
    AP; Bloomberg Business News; AFP  -  416 words
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      Page 1 Advertisements Column 1
      14 1 For your listening pleasure: i How sound is your system? 1 1 O (j?
      14 words
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      Page 1 Advertisements Column 2
      21 1 Car buying: n a I Second hand cars or new cars? I lllllllill 8 *****1 3011G2 I ull reports. I'n 6
      21 words
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      Page 1 Advertisements Column 3
      102 1 Hock Lock Stew: t\ 6 Korea lilectric is a bargain Surge in refunds put GST revenue in the red in October, Pg 2 H|j|jL. <$> Jrj^M «.H-.inJ«.<"M \k'lM ...1.1. r.-.*«•...! MtJ» hIi.JK m.i.ikr.,l 1.. 1..1...1. 1.. V I It. I- Jt .,~.1 1...1.. .1. LMj k\~ A 181 s Av.
      102 words
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      Page 1 Advertisements Column 4
      52 1 I C onversation: Multimedia J[ f/k' making f Wp' CONTENTS News Companies S pure 2 Spo'f Mm b 3 fwgtor,n j.l framul W. 'Wl Hews 4 b Features MarKets Owwvs El 2 US -"j £16 Sports II 8 World .2 tpn.'c El 10 Cu*r«icr> 10 IV Radio El 12 Sir-rn
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  • SINGAPORE NEWS
    • Article
      Surge in refunds put GST revenue in the red in October
      373 2  -  By Ven Sreenivasan I IK ill! K refunds compared to collections resulted in a negative Ooods and Services lax revenue in October. I he latest Department of Statistics figures show that (iS 1 refunds amounted to some $241 million
      373 words
    • Article
      One-off gratuity option for pensionable civil servants
      503 2 Death gratuity and CPF contribution rates also rev ised J I -ROM next year. pensionable civil servants may opt to collect their entire pension in the form of a one-otY gratuity pavment upon retirement. Under a new scheme announced by the Public Service
      503 words
    • Article, Illustration
      Lock icon Mindef launches an ID card you can bank on
      325 2 IHL Minister for Defence and Labour. Lee Boon Yang, yesterday launched a new military identity card for all Singapore Armed Forces personnel and Mindef staff. Ihe new SAh Card uses smart card technology and will replace the SAP 1 IB card.
      Photo by Arthur Lee  -  325 words
    • Article
      Suzhou pact gives Singapore stake in China power distributor
      445 2  -  By Schutz Lee SINCiAI'ORL will partlv own the first power supply distribution company in China allowed to have foreign equity participation in the Singa-pore-Su/hou Township. Lhe Si no-Singaporean consortium building the township yesterday sealed a pact forming a joint venture with
      445 words
    • Article, Illustration
      Philips S'pore to invest $98m in new building and equipment
      370 2  -  By Joseph Rajendran PIIIMPS Singapore will invest about Sl'Mi million 111 the next IS months in capital equipment and a new building. hairman and president ictor I oh said vesterdav that S million would be spent 011 the building and
      370 words
    • NEWS ROUNDUP
      • Article
        EDB team heads for Australia
        87 2 (iROI 1' of Singapore buMncssmcn and executives led bv the I conomic Development Hoard will leave U>da> for \n>tralia to explore wavs of enhancing economic and business ties between the two countries. I hex will also attend the National I rade and Investment Outlook Conference
        87 words
      • Article
        Goh Chee Wee on Vietnam mission
        82 2 MINIS 11 K of State (ioh Chee V\ee and a team of senior officials leave for ietnam todav on a one-week viMt. During his stav. Mr Cioh will present Singapore's tourism cooperation proposal to the chairman of ictnam's State Planning Committee. Do Quoc Sam.
        82 words
      • Article
        Contracting firms to visit Myanmar
        95 2 *0-\ll Mlil K delegation of local contracting firms and dc\elopers will go on a mission to Mvanmar from \londav until l>ee 12 to strengthen ties and explore areas for cooperation. Ihe Singapore Construction and Investment Development Mission, which is lomtlv organised bv the Singapore ontractors
        95 words
    • Article
      Mice do their bit for business in S'pore
      420 2 I 111 M AIHI Rot foreign visitors attending meetings, incentive programmes, conferences and exhibitions collectixelx dubbed "Alice" rose Vf> per cent to 395.9~0 last vcar. I he Singapore tourist Promotion Hoard savs 61 5 p cr cent or 243.>t10 of these people
      420 words
    • Article
      Local retail group Pisces offers bungalows for sale in China
      364 2  -  By A J Leow BUYERS of" bungalows at a new project in the central Chinese eit> of" Chengdu can expect to take possession of their units within three months of paying in full Prices of the Imperial (iarden illas to
      364 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      489 2 1 WEATHER Singapore: Showers over several areas m the afternoon. (Temperature 24 32) Asia Pacific Ni/lV C«od. Europe Mi/U* C««d oue- 4«»s i i Auckland 21/13 Cloudy Amstcdan i>B 0/ C>*>'tv Ok:* 12 0.4 <1. 33/25 Cloudy Atrers 09 02 Cloudy Hor ha. 2ft 2 3 v f Ur>iinn 03/-7
      489 words
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  • THE REGION
    • Article, Illustration
      Lock icon Call for calm as Taiwan elects provincial governor
      520 3  -  By Teh Hooi Ling SINGAPOKI Taiwan authorities called for calm and 70,000 police geared up to prevent violence during today's elections in which the ruling Nationalist Party faces its biggest electoral test since 1945, news agencies reported yesterday. I he polls to
      Reuter  -  520 words
    • Article, Illustration
      Lock icon Ferry tragedy to hit William Lines IPO
      464 3  -  From Al Labita, Alec Almazan TUP IRAGHDY that struck a William I ines inter-island ferry yesterday would alTect the company's plan to go public early next year, analysts said. "It's going to affect the company's public issue." said Dharmala Securities Philippines research chief
      Reuter  -  464 words
    • Article
      Anwar urges media to rethink role in new realities
      401 3  -  From Lim Soon Neo in HONGKONG I HI media in \sian societies should redefine their role id facing the "new realities of our time Malaysian l>eput> I'rime Minister \nwar Ibrahim said at the two-dav \sian Press I'ormn yesterday Mr \nwar the
      401 words
    • Article
      Lock icon China meeting plans cautious reform in 1995
      409 3 Reuter HI IJIMi hiiu yesterdav forecast I I percent uumth this year. hut wjiiia! of a second >0.11 of high inflation in l l N> as income gaps widen. law ami ordci deteriorates and ailing I slate industries await reform. I ho /'«>>/'/«
      Reuter  -  409 words
    • NOTE BOOK
      • Article
        Lock icon Rahim pleads not guilty
        67 3 Reuter 1 1 MP! K former Malacca chief minister Rahini I hamhv Ink pleaded not guiltv vestcidav to a further corrui*-tion-relatcd charge. Hcrnama said R.ihim pleaded not guiltv to a charge ol tailing t*» declare ivisonal and familv asset-, to the Malavsian anti-corruption agencv on Sep
        Reuter  -  67 words
      • Article
        Lock icon Australia for Apec link with Americas
        111 3 Reuter c WHIRR \ustrali.in hade Minister Rob \le\lullan has raised the prospect ot an eventual link-up between trade groupings in the \sia Pacific and in the \mcricas I S President Kilt linton is expected at next week > \merieas leaders sumniit in Miami to
        Reuter  -  111 words
      • Article
        Lock icon Vietman inflation put at near 14%
        75 3 AFP II \N( >1 Inflation in letnam is expected to he close to 14 per cent this veai altei tl»H»d> in the Mekong delta pushed priees up I percent in November. reports said vesterdav. Ihe annuahsed inflation rate 111 November reached I jvr cent,
        AFP  -  75 words
      • Article
        Lock icon Chinese textile exports up 31%
        102 3 AFP HI IJl\(i loxttie exports soared 31.4 per cent in the first 10 months ot to account lor ncarlx one-third of China's overseas sales, while the sectors output grew onlv slightiv. the hinii IKiil\ said vesterdav. textile export volume hit I SS2~ I billion iSS.W.
        AFP  -  102 words
      • Article
        Lock icon Seoul panel passes balanced budget
        61 3 Reuter SIOI 1 South koiea's parhanicntarx budget committee passed a balanced budget ot v 4 >0 trillion won (*****.5 billion). cutting 1 >.V 2 billion won from draft proposals. an official said I his vcai s budget was set at about 4 .63 Million won.
        Reuter  -  61 words
    • Article
      Indonesia may be net oil importer in next decade: report
      241 3 J\k \R I \ISI mhjNs> report suggests Indonesia mav become a net importer of crude oil v\ ithin the next decade. hiiin II all Srnrr fonmal said yesterday. In its annual IVtroleum Report. the embassy said that tallmi! production. together
      241 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      6 3 V» inninu s|«h ks. I I >
      6 words
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      Page 3 Advertisements Column 2
      459 3 HONG LEONG FINANCE A SINGAPORE FINANCE LUCKY DRAWS 9* T Hong Leong Finance and r Singapore Finance, we've been encouraging thrift since we first opened our doors Today, we continue a time- 00 honoured tradition by rewarding ■AiilliHilllUßßkllU as weii' I BBfISBEfmKVHHHHBHH From November 1.1994, o April 30,1995, open or
      459 words
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  • REGION/WORLD
    • Article
      Lock icon US securities industry profits dive, sparking recession fears
      381 4 Reuter IHK K \l(>\ I lorida Jrani.itic crash in the bond market in 14W4l 4 W4 has sent profits in the I S securities industrv sharpl> lower and sparked speculation about whether the real cconomv can escape a recession. economists tor the
      Reuter  -  381 words
    • Article
      Lock icon Merrill shares hit by client's losses
      376 4 Reuter MAS N OKK Orange Counts. California, rocked one of America's top brokerages and tanned anew calls for Wall Street reforms bv making public losing interest-rate plays that cost it an estimated I SSI.S billion (552.2 billion). Shares of Merrill Lynch Co Inc. which
      Reuter  -  376 words
    • Article
      Lock icon Indon group Sinar Mas loses US$47m
      413 4 Reuter JAKAR LA Indonesian conglomerate Sinar Mas has admitted to losing millions of dollars in the derivatives market which analysts said yesterday could be a deterrent to other Indonesian firms venturing into the volatile market. Ihe losses have also brought to light moves by
      Reuter  -  413 words
    • Article
      Lock icon China ranks top 300 joint-stock firms for the first time
      233 4 AP BLUING China for the first time listed its top 300 joint-stock companies yesterday. with Shanghai Petrochemical Co at the top. I he list is based 011 a Mir\e> of the performance of the nearly 20.000 joint-stock companies across China,
      AP  -  233 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1070 4 City Flight ETA Flight ETD Abu Dhabi GA976 0010 Amman RJ187 0100 Amsterdam KL8.38 0001 SQ25 0635 SQ324 2330 K1837 1540 KL838 2335 Auckland NZ21 1710 BAM 1350 N/2! 1735 N122 1825 SQ286 2035 HZ22 1850 SQ286 2040 SQ286 2040 SQ7295 2240 SQ7295 2240 5Q7295 2340
      1,070 words
    • Article, Illustration
      Lock icon A king's birthday, a country's joy
      69 4 Photo by Chris Loh BAM.kOk Bangkok will he ahla/e with hriulil lights and colourful huntings this weekend as I liais prepare to celebrate on Mondav the 6"th hirthdav of their monarch. Kinu Bhumihol \dulvadej. Workmen are seen here puttinu the finishing touches to a
      Photo by Chris Loh  -  69 words
    • Article
      Lock icon HK airport's second runway likely to be two years behind schedule
      313 4 Eastern Express HO\(»KON(i I he second runway lor Hongkong's multi-billion-dollar new airport at Click Lap kok is not expected to be fully operational until 2001 at least two years behind recently announced schedules. B\ that time, the ultra-nunl-ern airport
      Eastern Express  -  313 words
    • Article
      Lock icon Japan economy on mend as GDP in July-Sept rises 0.9%
      407 4 AP Reuter lOKYO Fresh economic daij unveiled vesterday signal Japan's econonn is slowlx climbing out of Us worst postwar recession, government economic planners and private economists said Japan's giant econonn expanded in the J ulv-September quarter, as its gross domestic
      AP; Reuter  -  407 words
    • Article, Illustration
      Lock icon IMF examines loans plan for nations hit by speculator capital flight
      365 4 Reuter \v \SI lINC i I ON I lie IMI has begun to explore (lie possibthly of" vetting up a multibillion iloll.ii lending window to help countries cope with sudden capital (light by bigtime speculators. monetary sources said on
      Reuter  -  365 words
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  • THE WORLD
    • Article
      Lock icon English language satellite TV war looms in Europe
      479 5 AFP I ()\|>()\ Ik- I ndish language satellite and cable news 1 market in I urope. dominated bv I S cable giant is iii for a red-hot peruH.l of expansion with a new BB( channel aiui prospects of ail alliance between Renters
      AFP  -  479 words
    • Article, Illustration
      Lock icon A farewell performance
      52 5 AFP Reuter 1 British Marine soldier loweriiiu himself from Kuwait's landmark towers oil lliursday. British Marines, rushed to Kuwait alter Iraq's horder build up iu October, were performinu a show to Kuwaiti crowds to mark their presence in the emirate In-fore their departure bv mid December. AI
      AFP; Reuter  -  52 words
    • Article
      Lock icon Eurotunnel may need massive cash infusion to keep afloat
      278 5 AFP P\RIS Small investors in I urotunnel face a I uroDisiievstylc crisis and the I rench state will have to give "spectacular" help of up to tour bullion francs 4 SS 1 .OS million). investors warned yesterday. Eurotunnel said it did
      AFP  -  278 words
    • Article
      Lock icon Africa can latch on to Asian boom with commodities
      296 5 Reuter (>\| X \t! K.I In NCt to hitch .1 rule on the coat-tails ot the \sian economic niu.tcle In producing the i.ixx materials that continent needs to tucl itN growth. li.iiiiil'n SccuiUicn tund managei Michael I'owei n.iul Xddiessing a group
      Reuter  -  296 words
    • Article
      Lock icon Small-cap US firms the best buys: Bloomberg survey
      351 5 Bloomberg Business News \l M)RK It was a year of Darwinian survival Big fish swallowed bv bigger fish in mcgamergers that roiled \mcrica's equity markets. But it was the small fry. the makers of cable television equipment, small-cap chemical and computer companies,
      Bloomberg Business News  -  351 words
    • WORLD WATCH
      • Article
        Lock icon Clinton to raise military budgets
        97 5 Bloomberg Business News W \SHI\(i l()\ President C linton. assailed bv Republicans for sending the militarv around the world on peacekeeping missions while skimping on its funding, said on Ihursdav he is KK>stmg Pentagon budgets h> I SS2S hillton <SS 36 billion) over the next
        Bloomberg Business News  -  97 words
      • Article
        Lock icon US upset over Canada's dairy trade tariff
        70 5 Reuter \SHINCi l()\ I S Irade Representative Mickev Kantor has threatened to raise a formal dispute with < anada undci the North \merican I ree I rade \greement (Nafta! over its dairv trade practices. In a letter to IVmocratic Senator Harris Wottord ot
        Reuter  -  70 words
      • Article
        Lock icon Ariane rocket crashes into Atlantic
        66 5 Bloomberg Business News I' \K IS I uropcan \nane nvket attempting to launch a I S telecommunications satellite into «.>ibit crashed into the southern \tlantic < kean after ils engines tailed. I lie r«xket was earning a I'anaitisat satellite. P \S-v a multipurfH»se tiansponder built
        Bloomberg Business News  -  66 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      112 5 HOSHO GAKUEN Tokyo College of Commerce The Japanese second year students of the Travel Business Course of TCC (Tokyo College of Commerce) are here on a study tour from Dec Ist to 4th studying the Tourism Industry in Singapore. They have already visited the IS, Europe and Korea and learned
      112 words
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      Page 5 Advertisements Column 2
      345 5 b PARAGON HAMPI-KS GILTS PTM LTD i k.ski hukit Mo.ui j bunos waretvwseSingajxxe l-ui INFiii An SPH Audio 1 ex Service In English Number Horoscopes < Daily 8450 Ilu Sanitterius Careei A hnam e H'in Prizes' Entertainment News 8451 How To Point Tht r<»n« Red Ghost Stories 8452 \'n;lit /our.
      345 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        23 6 lor next tti i'k i nuirkt l wntiftwnl. mv HI SfMimcnt lnth i"/ 114 il\r\i»Htil inui'in A hi\c\inu nl \n tionl
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      • Article, Illustration
        HOT STOCK
        111 6  -  Quak Hiang Whai RLNONG Berhad is another lob counter which is oversold. No further sharp falls are expected unless the market crashes. \t this point, the stock looks headed for short and medium-term support at SI.BO. a level which will likely hold for the time being. With daily
        111 words
    • Article
      Transmarco plans to expand agency lines into region
      506 6  -  By Corinne Kerk Sl\(i M'ORI I or the next year at least, marketing and distribution company I ransmarco Ltd will continue its locus on agency lines, said its new chairman. Sukarinan Sukamto. the 3b-year-old Indonesian businessman is looking tii expanding some of
      506 words
    • Article, Illustration
      Metro back in black with help of rent
      359 6  -  By Quak Hiang Whai SING A PORK Rental income from N'gee Ann City more than offset a big fall in the retail business of Metro Holdings, putting the group back in the black at half-time. Metro said yesterday net earnings for the
      359 words
    • Article
      CK Tang sinks deeper into the red
      381 6 SINGAPORE l isted retailer C'K Tang has plunged deeper into the red. reeording a net loss of $12.58 million for the six months ended Sep 30. This compares with the $5.47 million net loss made in the same period a year ago. This
      381 words
    • Article
      Korea Electric — powerful play on Seoul economy available at a bargain
      735 6  - Korea Electric powerful play on Seoul economy available at a bargain S N Vasuki SINGAPORE Korea I Icctnc Power Corporation (Kcpco). the state-owned utility. has always been .i favoured stock among foreign institutional investors. Hut with foreigners prohibited from owning more than 8 per cent of the company's outstanding stock,
      735 words
    • Article
      QAF chairman ups stake in company to 16.6%
      259 6  -  By R Sivanithy Sl\(, mm »k 1 <«> \i "s chairman Dull Daw is lias raised his interest in tiie cotnpaiiy fiotn I > s pei cent to l«> pei cent iiinl one day after Indonesia's Salun gioup din».loscd it has also
      259 words
    • Article
      Global Development buying 15% of Eltech Electronics
      236 6  -  By Agnes Wee SIM i \l'( )KI Cilobal Development lnxc>tmcnts I'te ltd is acquiring 15 24 per cent *>t electronics manufacturing services company lltech I lectronics. which was listed on Sesdaq in (ilobal has entered into agreements with I Itcclfs two biggest shareholders.
      236 words
    • COMPANIES
      • Article, Illustration
        Lock icon Celcom and Japan's KDD in strategic linkup
        341 8 AFP M \l I I \||»l K Malav sum cellular telephone firm lias formed a historic link with Japan's top telecommunications companv. in a deal that will finallv provide competition to the national utilitv group here in direct connections to Japan, officials said
        AFP; Reuter  -  341 words
      • Article
        UNIT TRUSTS & FUNDS
        463 8 UNIT TRUSTS FUNDS Managers puces ($1 IV. •> \I.ikIj1.i «.i I >1 I Singapore Unit Trust rt 4 UOB Asset Mgt Ltd Ihc Sa»niK> »un.l 1 v I < 4 I nitun.1 I 4J I 4' i S|\>k I'lit OMI llf.4 I IliK'llit i 'U I Vv I iiui ll
        463 words
      • Article
        Larut to build 600ha township in Jilin
        259 8  -  From Ho Kay Tat in KUALA LUMPUR PROIMKn group Larut Consolidated said yesterday it had signed agreements to de\eK»p a new township in China's Jilin province that is expected to generate sales of up to M 52.5 billion (SSI.4> billion* over Id years.
        259 words
      • Article
        Thai cable TV to beam CNN news, cartoons
        372 8 BANCkOk lelccomAsia Corp pic has signed a threeyear agreement with I inner International of the I S tor the broadcast of I urner tcle\ ision programmes in I hailand. I he agreement, signed in Hongkong, gives rights to Iclecom \>ia's majority-owned subsidiary
        372 words
      • COMPANY BRIEFS
        • Article
          UOB (M) opens Kuching branch
          43 8 SlN(i\l*OKl I tilled Overseas Bank (Malaysia! Media J in opening .1 new hunch in kuciung m Saiawak today With the* opening. the I < Ml group now has a net wot k ot I W> branches and oil ices.
          43 words
        • Article
          Wing Tai chairman steps down
          52 8 s|\( i \l'( )KI Wing lai Holdings announced yesterday that I dgar Cheng Wai Kin has officially ictued as chairman and a dircctoi ot the company Client; Wai keung had been appointed Ihe new chanman while I dtnnnd licng Wai Wine would serve as the
          52 words
        • Article
          Teck Wah cuts stake in unit
          52 8 SIN'Ci U'OR'- le< k Wah Paper Products has trimmed its shareholding in its subsidiary Union Management Consultants Irom pei cent to 54.12 per cent, as a result of an increase in the stake ol a third party I eck Wah did not name the
          52 words
        • Article
          Lock icon Road Builder wins Labuan deal
          77 8 Bernama kl \l 1 I MPI K Road Builder (Ml Moldings Bhd has heen awarded a MSB' million <SS> million) contract bv Indah Water konsortium Sdn Hhd tor capital works ol a sewage plant in I ahuan Indah Water's executive chairman (iha/i Kamli told newsmen
          Bernama  -  77 words
        • Article
          Lock icon Share issue of PLDT unit gets nod
          111 8 AFP M Wll Ciovernment regulators vesterdav gave the all-clear to iho billion peso <SS4~4 > million! initial public offering of cellular telephone operator Pilipino lelephone C orp (Piltcl). a MibsiJiarx ot Philippine long Distance lelephone C o (l'l.l)l Securities and I xchangc t
          AFP  -  111 words
      • Article
        Lock icon Aokam Perdana plans to acquire Pacific Wood
        172 8 Bernama kl \l I I Ml'l K \okani I'erdana Mhd has proposed to acquire l<*> per cent stake m Pacific Wood Products Sdn Mini lor MS3X.OX million «SS2IXS million! in cash. \n \okam I'erdana statement here vesterdav said the acquisition ot the 14
        Bernama  -  172 words
      • Article, Illustration
        C&W ready to invest heavily in Asian telecoms, says Young
        477 9  -  Reports from Genevieve Cua tn LONDON Mil I Wireless executive chairman l.ord oung said yesterday the I k-based telecommunications giant is prepared to invest heavily 111 \sia in providing basic telephone serv ices. lint the group had to strike a
        477 words
      • Article
        Group buys stake in US software firm to tap online services
        376 9 C \BI.t: iV: Wireless has taken a minority equity stake 111 Cali-fornia-based software house (ieneral Magic Inc as part of a strategy to deliver online multimedia services. (ieneral Magic is developing software which will make possible a range of
        376 words
      • Article
        Lock icon China stocks plunge in HK after Beijing vows to maintain tight credit
        516 9 Bloomberg Business News HONCikONCi China stocks collapsed in Hongkong yesterday after the Chinese government adopted caution in reforming its loss-making state enterprises. The Hang Seng China I ntel prise Index of state-owned Chinese companies tumbled points, or 6.1
        Bloomberg Business News  -  516 words
      • Article
        China's Harbin Power seeks HK$1.12b from H share listing
        291 9  -  From Lim Soon Neo in HONGKONG II \KBIN I •owe! I quipincnt Co ltd. the second Chinese power equipment inakei to seek a duvet listing in Hongkong. will issue 4million new shares to raise about IlkSI 12 billion (SS2I s million
        291 words
      • COMPANY BRIEFS
        • Article
          Lock icon Buyer takes stake in NZ media group
          99 9 AFP \l kl \\l> mwerv buvet vcsterdav spent around N/533 million <ss '<i >2 nullumi to huv a > per cent stake in the besieged New /ealand media gioup Wilson and Morton ltd. Kadio New /ealand reported Ihe com pan > publishers of"
          AFP  -  99 words
        • Article
          Lock icon TSE applies to list credit firms
          78 9 Reuter I he I okvo Stock I \clungc (ISLI said it >esterda> applied 1 mance Ministi\ approval to list Sanvo Shin pan I inance o I td. I'romise < o I id. and Acom Co I id on its second section I lie three
          Reuter  -  78 words
        • Article
          Lock icon Asahi Glass starts Bombay operations
          45 9 AFP I« Japan's largest glass maker. \sahi (ilass Co Ltd. has :V'Ju:i sheet glass production at a new tactorv near Bombav set up ;<>:ntl\ with lata. India's powerful financial group Investment in Ihe tactorv totalled billion veil (SS22O million). I*
          AFP  -  45 words
        • Article
          Lock icon Concordia Paper cuts share offering
          83 9 Bloomberg Business News \l >Kk I longkong s Concordia Paper Moldings Ltd has v.j: both the si/e and puce ot its I S share offering due to a poor reception troin investors. I ailing share prices in New York and combined to scuttle the original
          Bloomberg Business News  -  83 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        397 8 Vessel Vov No Berth Arrival Departure Vessel Vo* No Berth Arrival Departure Jurong Port BalMi Bah«a 12 0194 U A«gsrte C312 2300 SirrNm* 94.1/9* M »'•> ..at- (h«4k,« 131 112 *-«*•<»* I 12 1100 tr V-rturo 9f P0« AaVJ* 1 Dw Gvnj 11 04 94 12 0312
        397 words
      • Article
        CONTAINER SCHEDULES
        1223 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking Balance Rslts Stop Voy No Etb/Btr Period From To From ].«*> 2146 ,M*)9 IB 0? t2 l«9 19* 0 ,'B 0.' 1/00 04 «c>9 i,i i oj o/oe flj US9
        1,223 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon M'sian analyst forecasts rise in ringgit and interest rates
        329 10 KnightRidder kIJAI I l MPI K scnior analyst at an influential think-tank here savs he sees the Malaysian currency appreciating against the I S dollar, and higher domestic interest rates in' IW.\ "It the economy continues to grow strongly, which it
        Knight- Ridder  -  329 words
      • Article, Illustration
        Lock icon Farmers protest against Gatt pact
        49 10 Keuter SEOUL South Korean farmers grappling with plainclothes policemen (hacks to camera) outside the presidential Blue House in Seoul >esterda>. in a protest against the (iatt trade pact which will allow rice imports into South Korea for the first time from Jan I. Keuter
        Keuter  -  49 words
      • Article
        Thai property group raises 128m marks loan
        176 10 SIN(i\PORI Builder and developer Christiani Ncilsen (I liait Public Company has raised the equivalent of I2N million De u t sc he m arks «SSI h>.2 million) in the \sian syndicated loan market. Singapore-based merchant I bank Wardlcy. which acted as facility agent
        176 words
      • Article
        Thailand's Bank of Asia raises US$60m
        316 10 SINGAPORE 1 hailandbased Hank of Asia has returned to Singapore's \sian Dollar Market to raise USS6O million (SSX7.6 million) through a tloating rate certificate of deposit (FRCD). Yesterday, it signed the USS6O million deal with 15 banks. The" one-year FRCD hears an interest rate
        316 words
      • Article, Illustration
        Correction expected for US$/DM
        363 10 DBS Bank weekly currency review l SS/DNI: Bulls ma> take breather USS/DM traded steadily higher for the first four days this week, touching 1.5770 on Thursday. Although the technical picture remains bullish, some correction is expected as the daily stochastics are in the over-bought region. Support
        363 words
      • Article
        Lock icon Chemical Banking plans cost-cutting measures
        389 10 Bloomberg Business News Ml \V YOKK C hcink.il Banking Coip announced on I Iniisday .1 sweeping plan to Kh»l earnings. including cuttnit; (Mt i«>hs. selling operations in New Jersey and unloading tiouhlcd real-estate loans. I Ik- fourth largest hanking company in I Ik* I S
        Bloomberg Business News  -  389 words
      • Article
        Lock icon Oil prices fall amid confusion about US petrol regulations
        280 10 ENERGY REPORT Reuter I ONIM >\ World I'll prices extended their losses in a market contused by the latest moves in I S petrol rules. Petrol futures on the New ork Mercantile I xchange led the entire energy complex lower yesterday
        Reuter  -  280 words
      • Article
        Lock icon Currency Reports: London
        200 10 Reuter LONDON I Ik- dollar opened higher against most leading currencies alter a surge in \mcrican non-farm payroll tobs in November I lie l abour Department reported a *50.0<M> rise 111 Niivember jobs, well above the 242.<HN> rise- expected by anal>Nts Ihe unemployment rate, meanwhile, tell to
        Reuter  -  200 words
      • Article
        Lock icon New York
        105 10 AFP \l\\ WKk Ihe dollar rose against other major currencies >esterda>. breaching the !<*> \en mark tor the first time since mid-October alter publication of lower jobless figures in (ktobcr. \t 1 CiM I the dollar v\as trading at l.5 7 XO marks up Irom 1.5 7 35
        AFP  -  105 words
      • Article, Illustration
        Untitled
        1334 10 K 'n\ J m.AM .<;/« ;<'atnt vf 14 'lUJi'H; jhMih»» /f.x« imp USS/SS forward rates NttOll IXv 2 s> Bid (MUr I ii.'iitli I ■«>•>>« I 4»>"4 2month I -U4.N I 4N> I month I i *-m.>nth I 4>*. I 4Ht. Vwu' f H in Source: OCBC FOREIGN CURRENCY NOTE
        1,334 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Eurodollars sharply down in heavy volume
        1454 11 SIMEX REPORT Reuter SIN(i\I'OKI Siincx I luodoll.tis were down sharplv in heavv volume while 1 urovon futures closed fiim IValeis said sentiment l»»i I uiodollars was alu'iik'K bearish ahead of the I s pavroll data ami paitici pants wanted to Iv on I ho
        Reuter  -  1,454 words
      • Article
        S'pore rubber soars, led by SIR20
        756 11 COMMODITY REPORTS Rubber SlMfAPOfltt Ruhhoi futures soared across the board. buoved bv strong plnsical prices traded t»>i Indonesia's S||<2<» *.»voniiuht in New in k I Ik* bullish undertone was further compounded h> the lokvo rubber market which el i in bed 111 response to
        756 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Mauritania buys rice from Thailand
          73 11 ItAMikOk Ihc I hai government has sold a total of 15.000 tonnes of* \-l broken rice and l<K» per cent unbroken rice to Mauritania tor shipment starting this month, a thai Commerce Ministry official viid. Reports earlier said Mauritania has bought as much as 150.1
          73 words
        • Article
          China pork production up 11.6%
          105 11 lIONCikONCi China pork production in JanSep was 20 4 million tonnes, up 116 per cent from the same period last vcar. the official Xinhua News \gency reported yesterday. I he increase in output this year is largeK due to the freeing of pork prices and
          105 words
        • Article
          Rain brings relief to Aussie cotton
          82 11 S> DNfcY Rain across parts of Australia's cotton belt has helped to slightly raise 1994-95 production estimates above the official forecast of 1.1 million bales Rain in northern New South Wales and southern Queensland has varied, with some areas receiving up to 16cm over
          82 words
        • Article
          Sichuan expands acreage for grain
          58 11 lIONCikONCi Planted acreage of wheat in China's Siehuan province, one of the country's leading grain areas, expanded to 3.1 million hectares this year. up 20.000 ha from hist year. according to the official Xinhua News Agency. Sown area for oilbearing crops reached Xf>6.6(ioha this year,
          58 words
      • Article
        COMMODITY PRICES
        1552 11 Rubber d cc 2 Singapore Commodity Exchange Physical Prices (futures closing as at 5.30pw») Buyers SeMer, As at 12 noon (S ccnts/kgl RSS 1 Contract <S ccnls/kg) <l.-v Volume ss J N Month High 1 im Sett (ton net) I merest Jjn .OliNl .IMIMIN RSS 4 Jjn «»S
        1,552 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        755 12 20.3 HI \KIMI ov eise.is houises kiuvked the coiitidence out ol the share market yesterday, forcing it to close 1 I pei cent weaker, biokers said Ihe key Ml Oidinanes In ilex closed at I NSO4 points, dow(i 2(1 I lie \l! Indiistnals Index ended down 2 s <>
        755 words
      • Article
        Manila
        347 12 -48.61 Stocks remained mired m a bearish Hit as lack o! tresli news, a disappointing oil drilling result and uncertainty over interest rates prevailed in yesterday s trading, analysts said. 1 lie I'SI Composite Index fell to 2.5*>6.~'4 points. 4X.61 down for the day. I umover was 3.03 billion
        347 words
      • Article
        Taipei
        443 12 35.77 Slocks ended hither 111 modest Hading vcsteiday with banking .llld IllsUialkC shale's posting tllC lamest iih'. Ik* Weighted Puce Index put points to settle .il lu»iin swelled with I I billion shares Korth N I 554 76 billion I Ik* market opened higher .HUI slaved tli in thiough
        443 words
      • Article
        Seoul
        300 12 -12.58 Share prices continued to slide yesterdav. with blue chips and financial stocks plunging on chunky pro!it taking. I he Composite Index tell 12.5N poults to 1.0-vtvv with turnover standing .it 41 million shares worth billion won. Risers outweighed dec liners by to 357. with I >l counters unchanged.
        300 words
      • Article
        Bombay
        96 12 -25.81 Share prices tell tor the third consecutive day on poor demand from mutual funds short i>n funds. brokers saul Ihe 30-share HSI liulcx lost 2 s .HI points to 4.07(i.52 while the bio.uler 100-share National Index dipped to 1 .'>40.62 "Most of the mutual funds, including I nit
        96 words
      • Article
        New Zealand
        274 12 33.5 Stisks closed at its lowest level Itii i l mouths as the maikct ctintinued to nose dive as a resiilt ot weaker overseas maikcts .iihl liihlici lisal interest i.ites I he \/SI -4ti apit.il Index closed at l.*M2 > <> down > points the lowest level since
        274 words
    • WORLD STOCK MARKETS
      • Article
        London
        646 12 -22.3 SI I \KI S closed lower yesterday as concerns over possible interest rate rises 111 the I S and Britain were compounded by stronger than expected I S jobs data. Ihe I I SI-100 Index closed at IdT >. down 22. points Volume was 33 4 >.~ million
        646 words
      • Article
        Paris
        121 12 18.76 I Tench shares closed almost one pei cent higher after fluctuating for much of the day. Traders said equities tiH>k heart in the afternoon from stronger bonds and I S treasuries, which had wa\ercd alter a series of I s statistics. Ihe \C -40 Index closed up IS."(»
        121 words
      • Article
        Frankfurt
        166 12 -7.35 (icrman shares barelv moved oil the better than expected I S November |obs Jala IX'aiers said stronfti economic growth max be interpreted lo be positive tor shares as it would hasten a necessarv tnrthei I s I evl rate hike I lie 10-share l)\\ Index closed down ?.l*
        166 words
      • Article
        Brussels
        179 12 2.70 Belgian sli.ires closed hiuhci >tn the first da\ ot the new forward market account aftei the market tailed to hold on to its shone opening tains despite .1 firm dollar and <1 stroiik* boiul maiket I railers said the> cxjkcted tic market to quietK edge up tuithei 111
        179 words
      • Article
        Milan
        164 12 -38 Italian slocks declined attei live consecutive rises as euphoiui over an accord be- tvvcen the government and unions ga\e way to concern about its effect on the budget deficit. "lliis news is positive but it hides some less ginul elements." said an analyst Ihe government and unions on
        164 words
      • Article
        Amsterdam
        188 12 1.83 Dutch stocks rose during the last hour, having been mixed earlier, as I S markets advanced on the back of an economic report that suggested lower economic growth in October. I he picture suggested b> the report was one of less robust economic activity down the road, which
        188 words
      • Article
        Stockholm
        129 12 -9.78 Swedish shares ended down alter tails 011 main huropean exchanges and nerves about I S investment trends Wall Streets tlim start gave some late support. \ccording to brokers, foreigners are selling and I s investors are shving avvav from the bourse and rather heading tor the debt market
        129 words
      • Article
        Zurich
        198 12 1.5 Swiss shares recovered from earliei lows to close little changed in slack hade IKalcis said the dollai and bond hihircs. which both ttaded himei after the lelease ot I S iobs data led to improved sentiment late in the session I he broad SI*I Index closed down II
        198 words
      • Article
        Johannesburg
        291 12 -27.6 Selling of South \frican shares accelerated in late trade despite a fairly steady day. as the lower gold price and softer world markets ahead ot the weekend eroded sentiment. (iold share losses were mild compared with 1 Innsday's declines when gold dived below I'SS3XO an ounce, but dealers
        291 words
      • Article
        Toronto
        206 12 8.05 Stocks edged higher in early trading after Canadian bonds rebounded from earlier weakness on strongcr-than-expected I Sobs data Ihe ISI -*00 Index climbed SO5 points to I.OKS no on volume ot I million shares valued at < s^4 55 million, \dvancers edged out decliners Ho to 121. with
        206 words
      • Article
        Untitled
        522 12 Vienna n*Tj wk \i H V-» i H\ V/ r i i -5 \i\', HIV/ i MV ("uMf* V'.l-.tH-' .,...1 \ll* «i fhiKi* V I Nasdaq ivT'i i »wwfc» im !«#*.< i*vh v i .f' r io 15 4 i#. Mt»« S» :iv% iliW I *i«l x I |l H.r.fc
        522 words
      • Article
        New York
        544 12 3.03 I lie IXm Jones Industrial \verage. which plunged In..*(» points 011 I hursdav. was ahead 3 0.1 points to 1.70J at I lain I S I Ihe N 1 SI Composite Index was off 0.0.1 to 24(».0|. while Standard I'oor's s(k)-stock Index was down Hill to I4S
        544 words
    • Article, Illustration
      Lock icon HONGKONG
      2630 13 Bloomberg Business News HOM.kOMi Shares dropped tor I he tourlh da\ vesteulav as rising interest I.lies threatened to pare earnings growth aiul investors bailed out ot equities to put then nionev in highcr-vlelding deposits and bonds. Shares in Cluna-con-t rolled companies suffered the most on concerns that the hinese
      Bloomberg Business News  -  2,630 words
    • Article, Illustration
      Lock icon CHINA
      403 13 CISA II SIIAKIS crashed in sympathy with the weak. Hongkong market, with prices tailing: close to 5 per cent. lurno\cr was 11K.5201 million, ot which 45 per cent was done on Zhenhai Relinery. which made its debut yesterday. I lie share closed at Hk.52.075. 13 per cent helow the
      CISA  -  403 words
    • Article, Illustration
      Lock icon TOKYO
      2292 13 Reuter TOKYO Stocks closed easier after subdued trade as many investors retreated to the sidelines ahead of US November jobs data due yesterday. "Participants were nervous about how prices on Wall Street and the yen/dollar rate will move after the potentially volatile US jobs data." said one broker. The
      Reuter; Source: Bridge Info  -  2,292 words
    • Article, Illustration
      Lock icon BANGKOK
      1363 13 Reuter B\\(iK()k I ixal politi- cal turbulence and losses tin foreign markets led sUxks to close lower but otl" the day's low after buving interest initiated bv fund managers emerged alter the morning's sharp drop. 1 he SI I Index ended 33.49 points down at 1J35.11 on 4.61 billion
      Reuter; Source:  -  1,363 words
    • Article, Illustration
      Lock icon JAKARTA
      833 13 Reuter J.XKAKIA Stocks tumbled across the Kurd at close in nervous trading and in line with regional bourses. "I he situation wasn't that good. h\er\bod> was selling." one analxst said. "I he market was in really deep trouble. It w.in .ilso scared with so mam new issues in December
      Reuter; Source:  -  833 words
    • Article
      CLOB INTERNATIONAL
      1313 14 1*1 t.f |*W| I JN| o| l>.h I .»sI Ihlnl, |l|t |t|» Itl I l|» High Inn \lk 1 iNHh llittti I"* Hu»«r Vll«i 4 »i I'l MimI MALAYSIAN STOCKS %.X H O \INH mk S \MI)H>«V »> H» W1t>HKi* >* i'«» \lv.MJ1 l>0 :%> <» git \r
      1,313 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks fall for second day on rate concerns
        4713 14 Bloomberg Business News kl \l II Ml'l K Stocks Id I tor a second dav vestcrdav on concerns that .1 strong American economv will lead ihe I cdcral Reserve to raise interest rates .1 seventh time tins vcar and hasten the stampede
        Bloomberg Business News; Source: Bridge Info  -  4,713 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7679 15 MAIN BOARD «»r I ,r M l***M I I>4* 1**1 l>»» !>•» I llinh I in < iimpatn> SjW t 4 mMM High I Bmrr Nrllrr S < S I* I *mil Kficr INDUSTRIAL AND COMMERCIAL 20* 4l"**ml VnuSk 4*4 4 4*4 4*1) 4*2 4** UK 4" II) 14* *1
        7,679 words
      • Article, Illustration
        Lock icon Share prices slump in line with Wall St overnight
        2148 16  -  B> R Sivanithy SINGAPORE Another bleak dav 111 the local stock market yesterday saw prices close sharply lower, after overnight weakness in the I S. Blue chip stocks were also the victim of redemption calls from foreign funds, most ol whom
        Source:; Source: Bloomberg  -  2,148 words
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      414 6 NEWS VALUE Selling by funds drives regional bourses sharply lower />e I) Bad. It ma\ take a while tor the many novice C"1*1 investors to regain their confidence. Condo occupancy rate slips below 90% Property stocks could come under pressure, what with interest rates rising as well. CK Tang, Metro
      414 words
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      Page 7 Advertisements Column 1
      335 7 1 OCot all cuorlzs of ar finest materials that must pass his stringent scrutiny. Till j j the time he enters the ind i vidua I number of the finished marvel that appreciate over time in his personal register. are created on canvas. I'aeh and every timepiece is then submitted
      335 words
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      Page 9 Advertisements Column 1
      152 9 Today, business opportunities abound in Kuching. •"Si IJ. i df> -J9| -1 f I y |l i I "f ""fl i^ii-ii j gr»*r fife**, ji[n l;i rgd fth7 i rt, !s -w :'i m 4 t i f ''Ul v vii v 4 w --3 -2B J if 9 \4
      152 words
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      56 words
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      Page 11 Advertisements Column 2
      40 11 As and when the latest London/ Rotterdam prices are not available, the previous trading da>*s closing figures arc carried instead. STRAIGHT TALK Vcu shouidn t u a\e to read between tt~e >r>es to cet full picture f* Markets. Even day
      40 words
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      Page 13 Advertisements Column 1
      111 13 The Zenith Rainbow Collection //A legend at Sea and on Land Et Primmo ttttuumtk Sj j I tl Above A Ko <>nd I*!* I IJ m IVluw jstrrn V>j|,h It J m v If llrr> Industrie* <s» r I t J 4 4 w Rov I iMfm Wjhh llf IIJ
      111 words
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      Page 14 Advertisements Column 1
      152 14 NEW BALANCE presents the The MK9O7s offer real running shoe American Classics Collection De- venti re SERIES technology. Real running shoe supsigned to take the work out of walk rt com^ort J ust w^at y° u ing. These elegant shoes look better expect from a company that makes when are
      152 words
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      49 15 f Business Times WE KNOW ASM ---w Address: j Mai! or fax this form to: Postal Code: Customer Relations Section Circulation Department m Singapore Press Holdings Limited 82 Genting Lane Occupation Fax News Centre Singapore 1334 ii» 4 -VV Tel 1800-749 2577 Fax 744 4875 Tel (O) (H) I
      49 words
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      325 16 In the Matter of I he Companies \ct il hap. 5111 \nd In Ihe Matter of W .R. shipping Pie I Id I Winding up by the Court Order i Eirst Meeting I Notice is hereby gi\en thai, on 4ih November. I'J'M an order ol ihe High Court for the
      325 words
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      Page 16 Advertisements Column 2
      298 16 IN THE MATTER Of THE COMPANIES ACT, CAP. SO IN THE MATTER Of IYSTER PTE LTD (In Memberi Volurifcry Winding-Up) NOTICE S HEREBY GIVEN tval an Eikwxdinwy Got«*l MMIO9 ot Can p«r>y wm conwvvd and h«ld «t 10QJ P«nr Panjang Road SUTI House Singapore 0611 on 30ti Novwnbai 1994 lb*
      298 words
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      Page 16 Advertisements Column 3
      485 16 NOTICES WAI MUN INVESTMENT PTE LTD (Members' Voluntary Liquidation! NOTICK OK FINAI. MKK I JMj NOTICK IS HKRKBY CJIVKN, pursuant lo Section (1) (2) of the Companies Act. Chapter 50. that a Final Meetingot Membersol the abo\eiunieilcompany w ill he held at I Maritime Square. #12 20 World Trade Centre.
      485 words
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      Page 16 Advertisements Column 4
      1297 16 In tlx mattir of Thi Companltt Act. Cap. SO And In Hit matttr ol ESTEEM TRADING CO. PTE. LTD. (hi Voluntary Liquidation) MEMBERS' VOLUNTARY WINOING-UP NOTICE IS HEREBY GIVEN pu'Suant to section 308 ol The Companies Act Cap 50. that the fiial general meeting ol the membe'S ol the 30c
      1,297 words
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      Page 16 Advertisements Column 5
      432 16 In tha matter of Tha Companies Act. Cap. 50 And In tha matter of DUNCAN MACNEILL (SEA) PTE. LTD. (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINOING-UP HOTICI IS HEREBY SIVEK pu-suant to section 308 of The Companies Act. Cap 50. that the final general meeting ol the members ol the above
      432 words
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  • Executive Lifestyle
    • Article, Illustration
      Paying for your listening pleasure
      1557 17  -  rhe Singapore Audio and Video Exhibition is here. R Sivanithy finds out who's buying what when it comes to hi-fi systems R Sivanithy Listening to music today isn't what it used to be. Long before we had mini-compos and home cinema with all their associated
      1,557 words
    • STRAWS IN THE WIND
      • Article
        Privy counsel
        52 17 Bl.FORl: you use a public toilet in Vietnam, read the signs. A visiting journalist saw this sign that said: "Make water onl\. please. Another toilet is upstairs for making stool. I hank You. Sorr> for inconvenience. Number two is forbidden." What we'd like to know is. what's a
        52 words
      • Article
        IPO tool
        47 17 (OMP \NILS in\ iting journalists to covcr their IPOs usuallv like to pass out little gifts like ballpoint pens, notepads and even umbrellas. One journalist covering I I L's initial public offering wondered if there was a hidden message behind his door gift a screwdriver.
        47 words
      • Article
        Eager beavers
        83 17 I Hl: SPATE of new development guide plans released bv the URA seem to have impressed. if not confused, some people. Apparently, these folks went to see L'RA's plans for the earmarked areas all nicely displayed like those property exhibitions you see all the time, without knowing that
        83 words
    • OPINIONS
      • Article, Illustration
        Cabbies who drive passengers round the bend
        807 18  -  LETTER FROM HONGKONG I lon«kon« is one of the world's most stressful cities, and taxi drivers are part of the reason t c 1 LIM SOON NEO The writer is HT's Honxkonx anre\pt>ni/i'M AN YON I: who has li\cd and worked here knows
        807 words
      • Article
        'Tis the season for lavish spending
        624 18  -  The popular passion for expensive watches and pens makes Robert Reno wonder if the pen is mightier than the brain Robert Reno Have you noticed all the ads for wristwatches this season? I'm not talking about Timexes or Casios offering accurate quartz time and
        624 words
      • Article
        Is a peaceful compromise on East Timor around the corner?
        820 18  -  President Suharto's planned meeting with an East Timorese dissident leader augurs well for a solution to the dispute, savs Maggie Ford Maggie Ford The writer is a Jakarta-hased correspondent who writes lor HI WHEN 29 East Timorese protesters jumped the
        820 words
      • Article, Illustration
        Lock icon Confronting the Aids tidal wave in Asia
        954 18  -  The disease is making more headway than the war against it. says Salil Sarkar Salil Sarkar Ihc writer, a journalist, contributed th;\ commentary /<> HI 66 A IDS has gone worldjr\ wide." says France's X V Minister for Overseas Development Robert Debre. "Separate
        AFP  -  954 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Multimedia mogul in the making
        2166 19  -  THE RAFFLES "T 1 CONVERSATION A fortnightly series supported by Raffles Hotel Malaysian tycoon and prospective broadcasting mogul I Ananda Krishnan tells Amy Balan and Patrick Daniel about his plans lor Measat. the Malavsian Hast Asia satellite he's launching. He also discusses why Singapore and
        Photo by Arthur Lee  -  2,166 words
      • Article
        Turning visions into reality
        608 19 FEW PEOPLE know that T Ananda Krishnan was the man behind Bob Cleldofs "Live Aid" rock concert in aid of the Ethiopian famine victims. That story goes back to 19X4 when he formed a company called Worldwide Sport and Entertainment (WSE) and hired the TV crew
        608 words
      • Article
        An alliance to consider
        924 19 SINGAPORE and Malaysia have to decide if they want to be involved in the world's biggest business entertainment. And if they want to be involved, they have to encourage their creative people to think globally and produce programmes for the global market. Ihe way I Ananda
        924 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Dec 5-9)
          571 20 I hose polled on their views of the Singapore stock market for the week ahead: \llianee Securities. Baring Securities. Daivva Securities. Eraser Securities, Ci K Cioh. kay Mian James Capcl. Morgan Cirent'ell. Nomura Research Institute. Ong C o. Peregrine Securities. Phillip Securities. SliS HCi \sia.
          571 words
        • Article, Illustration
          In my opinion...
          342 20  -  Sony Seng Wun Kcunomist S (i arburg Research 4 a sound economic X and fairly decent profit backdrop, the recent performance of the Asian equitv markets was badly shaken bv the fed's 75 basis point hike. Hongkong has taken the hardest hit. off 12 per cent. \mong
          342 words
      • Article, Illustration
        A crash by another name
        922 20  -  THE WEEK .ItvLR; v.FVy By Joyce Quek THIS has been an extremely unusual year. I lie scale of the stock market's collapse would have been deemed a crash in any other year. Ihe Straits l imes Industrials Index has fallen 237 points, or almost 10
        922 words
      • Article, Illustration
        At 46 cents, ITE is unlikely to go down on debut
        1023 20  -  STOCK WATCH By Ven Sreenivasan Till: MAIN thing ITE Elcctric Co's Sesdaq initial public offering has in its favour is its low offer price and the small size of the float. But given the nature of its business and
        1,023 words
      • Article, Illustration
        Lock icon Avoid technical rebounds on the KLSE as outlook still weak
        590 20  -  Eve on the region But there is a reasonable chance of a more sustainable rally in the new year, says Martin French Martin French //;<• nnh r i\ [lie i hut rcprcM-ntatiw ot C rcilit l.\onniii\ Sci iiriiii \lalay\ia) AS
        Source: Bloomberg  -  590 words
      • Article, Illustration
        Taking a second look at second-hand cars
        618 21  -  Ramesh Divyanathan believes tliev otter better value than new cars Ramesh Divyanathan C\R BUYING has reached such a frenzy these days that many people commit themselves to a new car without doing their sums. first thing first: the price of Certificates of Entitlement
        618 words
      • Article
        Shopping for a good bargain
        430 21 SO Ol want to bu> a used car? prudent monevsaving decision, but fraught with some risk at cverv stage, starting with where to bu> the car. I lie most v isible and convenient place to look for a second-hand car is from a used car
        430 words
      • Article
        Picking out gems in the Taiwanese stock market
        624 21  -  Catherine Ong finds out what the long-term investment issue is Catherine Ong THt TAIWANESE stock market is expected to read nervously if the proindependence Democratic Progressive Parts (DPP) wins both the mayoral election in Taipei and the governorship of Taiwan today. The
        624 words
      • Article
        What brokers think of fund managers
        484 21 FI ND managers regard themselves as brilliant. On the contrary. their brokers say they have feet of clay are arrogant and inflexible. indeed "reticent generalists with little k mm ledge of their markets". \lost importantly, the money men must specialise and do better research
        484 words
      • Article, Illustration
        Index steady after 2 months of price rises
        538 21  -  BT Golf Index »> Shahiron Sahari THL HI (iolf Index held steady last month, reflecting, more than anything else, a period of low activity. \fter two months of price rises and swelling transactions. November turned relatively quiet, with "not much happening". \dvertiscd
        538 words
    • TRAVEL
      • Article, Illustration
        Coming to grips with Paris
        1385 22  -  Jaime Ee braves the mad motorists and haughty hoteliers of Paris and discovers a city full of charming quirks and stylish peccadillos Jaime Ee IHAVL a thcor> about Parisian drivers; in fact, about European drivers in general. 1 think they're psychotic. 1 think they wake
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      • Article, Illustration
        Just the place for the smart set
        907 22 WHLN I mentioned to a friend during lunch that 1 was going to stay at the Hotel Pla/a Athenee in Paris, she dropped her fork and looked at me with new-found respect. "You're staying there? Do you know where that is? IX) you
        907 words
    • SPORTS
      • Article, Illustration
        Lock icon Norman's talk with Finchem raises questions
        427 24 (;oir AFP \l W Now Greg Norman and Imi I inchem cannot communieate even when they communicate'. PCi lour commissioner 1 inchem and World I'our officials had very different interpretations of Ihursday's telephone conversation between the PGA boss and the \ustralian golfer who supports
        AFP  -  427 words
      • Article, Illustration
        Lock icon Netherlands and Pakistan advance to World Cup hockey final
        470 24 AP S'N I)N.I I lons Jan Bovclandci scored twice from fusthalf penalty earners to guide defending champion Netherlands to a 3-1 victory ov or \ustralia yesterday aiul a place in the final of the World up hockcy tournament. I Ik* Dutch
        AP  -  470 words
      • Article
        Lock icon Russia enjoys novelty of hosting its first Davis Cup final
        525 24 NYT MOSCOW Less than 24 hours before the Da\is C up finals were to begin. Vadini Borisov delivered a rhapsody in Russian revisionism. "Tennis has always been eonsidered a very beautiful sport in Russia." Borisov. the Davis Cup eaptain. said
        NYT  -  525 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon American Football
          71 24 AP MIWI Xl'Ol IS. Minnesota < lis jHor caught a ft>-vard touchihmi ti.nu Wma Moon with 4«> Icti in «»\ertime ti» give ihe Minnesota X ikmgs .1 ovei die < hicago Bear* and a share ot firs! place in the entral Division on I huisday Ihe Vikings tS-*i
          AP  -  71 words
        • Article, Illustration
          Basketball
          32 24 'SI'.XX XOKk NBX I hursdav: Dallas Kit IX-nver X 4. Milwaukee s" lev land 91 I tah '<4 Minnesota v Ciolden State lIW Houston 11 y. 1 X lippeis N4 Indiana
          32 words
        • Article, Illustration
          Lock icon Cricket
          194 24 AP BOX\K\|„ Xustralia lest reieet John C raw lev scored a tiery unbeaten 'M yesterday to spearhead I ngland to a tour-wicket vvm over a Sir Donald Hradnun \l in a limited-overs match at liowral. southwest ot Svdnev rawlev. who was left out ot the team tor the first
          AP  -  194 words
        • Article, Illustration
          Lock icon Golf
          315 24 AFP AFP NKW NOKK Zimbabwe's Nick Price and Britain's I aura Davies were voted players ot the year on Ihursday by the (iolt Writers \ssociation ot Vmcriea alter recordsetting seasons. Price won six tournaments 111 I*W4. including the British Open and P(i\ Championship. and won I .'SSI.S million (552.2
          AFP  -  315 words
        • Article, Illustration
          Hockey
          19 24 SXDNKX 5-Sth plaee: I ngland S Korea 1: India 2 Xrgentina 2 (India won 4-1 on penaltv strokes!
          19 words
        • Article, Illustration
          Lock icon Soccer
          82 24 Asahi News Iok\o Some of the big names in Japanese politics banded togclher on l liursdav to press the Muiavama administration to gel behind the ball and push Japan's bid to be liost of the 2<*»2 World Cup the sttccer world's premier event and one that otters big money
          Asahi News  -  82 words
        • Article, Illustration
          Squash
          60 24 DOII International championship quarter-finals I hurvday: I-Jansher Khan (Pak) b S-Koss Norman (N/l 15-6 15-10 15-1 V Del Harris <1 ngl b 14-Smum Pai kill ng) 15-14 15-9 15-1 v 4-Rodney I vies \usti b 5-Petcr Nicol (Scot) 15-5 13-15 15-6 12-15 15-7; 6Chris Walker tl ngl b 2-Brett
          60 words
        • Article, Illustration
          Lock icon Swimming
          65 24 AP BIU MX). New Wrk Chinese swimmers who tested positive for performanee-enhancing drugs ma> have been forced to take steroids or may not have been told what thev were taking. I S swimming officials said. "Thev may (know), but I'm not sure thev have a choice." Richard Quick, who
          AP  -  65 words
    • PEOPLE
      • Article, Illustration
        Lock icon Airing airline issues
        279 24 THh I'OP guns ot" Asia's airlincs were here in Singapore in October lor the Orient \irlines Association's 38th assembly of presidents. Boeing Commercial Airplane Group president Ron Woodward took the opportunity to promote his company's latest plane, the twin cngincd wide-body B- 7 77. at a party
        Photos by Chris Loh  -  279 words
    • REVIEWS
      • Article, Illustration
        Her mysterious ways
        753 25  -  Cinema Reviews By SUSAN TSANG IN I HI early century. life in Lngland was pretty grim it you were poor. You could he jailed tv>r vagrancy. But it was also a tremendously exciting time with the mysterious and colourful Last opening up sailors would come hack with
        753 words
      • Article, Illustration
        Bringing up father
        658 25 M \< \l I ulkin is m serious danger of typecasting. I his time, the blond shrimp tweaks the feathers of led Danson and company as a cheeky kid who spends a week (h'ltint: i.\i n II irli IhiJ. Dad is led Danson. a tluef who keeps
        658 words
      • Article, Illustration
        PERFORMANCES
        542 25 Carousel I he Rogers and Hammerstein musical as rendered by the Singapore American High School. See the famous carousel. hear the famous songs. buy the souvenir book. Today. 7.30 pm at the Singapore American High School ludttorium. Kings Roail Campus (oil Hukit limah) Tickets at 510 available a' the
        542 words
      • Article
        CONCERTS
        512 25 SYO in Concert The Singapore Youth Orchestra performs various pieces by Schubert. Saint-Saens and to herald the Yuletidc season, carols are also on the cards. I he conductor is lim au. Dei 4. 5 pm at the licloria Com en llall. lit kets at $3 and <5 available trom
        512 words
      • Article
        FILMS
        47 25 Weaving Ants I ind out how these remarkable insects survive in (Ik* wild dtxljunu predators and how the} avoid being vli>mpcd on. Shi >u tinn y I ii'i'l i'l\ at SJ 'or i/</»//> </"</ (fulilnn under I. m/r* Orvaninil t:r»w/»\ s >_ «///</ S/ 1/ '/'< (hnnmun loh'il i'ii
        47 words
      • Article
        EXHIBITIONS
        356 25 Hans Rudolph Giebeler I his (ierman artist who live> somevvhere "between Mexico aiul I'atis has made quite a mark lor hun-ell not onlv 011 canvas but m arts circles around the world. I mil IK i ill > n iht Home and Decor '95: Creative Cultures I his exhibition
        356 words
      • Article
        TALKS/COURSES
        155 25 Workshop in Playwriting k s Mamam conducts this workshop iluit looks .il the basic element's ol a pla\ aiul how to tio aKml writing one. 4. li> iiiulll 11 tin-Hhuk I I'll < i WHIM; < iHll'C «»//>'»<' hi (<////«■»//«• fix'nnillicit «//«r/o World Class Manufacture Dcniimkxl tor senior inaniilaclunnt!
        155 words
      • Article
        MISCELLANEOUS
        332 25 Circus at Clarke Quay Clarke Quay brings the cireusy mood to town, with parades, strolling bands, stars circus show and fringe shows. I ilia i. pm to midnight at Clarke Quay Mighty Morph'n Power Rangers Show Watch the Power Rangers /ap!. pow! and Nam! the baddies, with carious special
        332 words
      • Article
        AT THE SUBSTATION
        158 25 qfwfq' Pronounced "qfwfq". this is actually a double programme feature by the loy factory Iheatre Ensemble. Inserihing l/i On n lns( ription looks at Solitude. Memory. Dream and Death: whilst a-the-hird is a poetic insight into spontaneity and the subconscious sell. Ik'c Insi rthtm; Pee 4 a-tlie-hird.
        158 words
      • Article
        TICKETING
        154 25  -  Compiled In Christopher Toh Sistic outlet s arc at Forum I lie Shopping Mall. Ciinza Plaza. Junction <V. Liang Court. Rallies City. Scottx. Specialists Centre. I akaxhimaya. Cold Storage at Jelita and World trade Centre. Also at X'ictoria Concert Hall and the Singapore Indoor Stadium Hotline: Mft-5555. I'icketCharge outlets
        154 words
    • EPICURE
      • Article, Illustration
        Sharp little shooters
        774 26  -  Bon Appetit By JAIME EE If Y OU were at a bar and someone offered you an oyster shooter, what should your reply be? "Yes", "No", or "Is that a drink or an occupation?" There are two essential ingredients to an oyster shooter plump fresh oysters and
        774 words
      • Article, Illustration
        A return to the days of excess
        527 26  -  By JAIME EE THERE is chic cuisine, and there is haute cuisine. Never the 'twain shall meet, nor should it. We've been eating chic, new age cuisine all year as the city's upstarts fall over themselves to produce light and lively dishes with
        527 words
      • Article, Illustration
        Classifying the Californians
        663 26  -  Wine By N K YONG NAPA VALLIiV i> becoming quite particular about the appellation you use tor its wines, and it' you lump them together with other Californian wines. >ou will he politely reminded that they are Napa Valley wines. \s the premier and most famous \merican
        663 words
    • Article, Illustration
      CINEMA
      1149 28 Amantes. Spanish talc. discharged soldier lodges with a steamy widow. I he ine\ itahle happens. Mis fiancee discovers the affair. R(.\). President 1. 3: 7; 9. midnight tonight Plus 5pm tomorrow Baby's Day Out. Bah> Bink wanders around New S'ork on lus little knees, oblivious to the dangers and
      1,149 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      79 17 iBH CALL. TOLL-FREE 111 3033-3213 333^ 11 HONG LEONG FINANCE k D333-3BD 0303 I SINGAPORE FINANCE WK- mf JJTy :v." *BIN Mfe}--E32@k. ajwgy--d* l&!i i< /f. ,JE9K^ *p CaHier JEWELLERS SINCE 1847 Available at: c W(UJus (fiSwUzcrtnuC Tu £t<b 6,Scotts Road #01 -16 Scotts Shopping Centre Singapore 0922 Tel: 737
      79 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      79 18 Bristow and l)oonesbur> have been held over owing to pressure on space Echolme" BRAND Of JAPAN The New T2OOO Series. Takes On The World With 2-Way Operation Wheels. Patented Crush resistant 4 Corner Arc Cap-sheet for a lasting impression Available in gold and silver at all maior department stores and
      79 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      329 23 HPL A Hotel Properties Limited Development TTTTT^HB ■■111 i. i ■CVysyr|]|lje FOR LEASE A LANDMARK IN ELEGANCE. THE FOUR SEASONS PARK. Prestigious Address From 2.300 s<j. ft. to 4.000 s<j. ft. Keereational facilities include a swimming pool, covered tennis court. S* 3 outdoor tennis courts, gymnasium, squash court, conservator) and
      329 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      23 26 HIGII STAKES Don't get shortchanged, go for a coverage you can bank on. Financial News. Everyday. SINGAPORE# f Business Times WK KNOW ASIA
      23 words
    • Advertisement
      Page 26 Advertisements Column 2
      156 26 I Pcistd Brava announces a new i i A La Carte Menu I Executive Set Lunch at SIS J Opening hours i 12 2.30pm (Litiich) and (y.JOpm IO.JOpm (Dinner). I ~p»je* 8 j PASTA RAVA g m ITALIA V Rh.S TA VR AVI h 111 rain Road. Tanjonn I'an a
      156 words
    • Advertisement
      Page 26 Advertisements Column 3
      138 26 jm 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,
      138 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1068 27 Nothing Beats A Bud. B where t w,ne > dine and entertain OK I 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.
      1,068 words
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      Page 27 Advertisements Column 2
      363 27 j li rrrm aA pS3 (ET2ZZI $250++ yr-TT Tjc^oifflt 'B oth>pm**,> IJDO., i/inlulti, 8 \flfmum «f U r Maximum of PacKapC 15 persons) (SSL 10 person*) $180 (j {'Maximum of */•">«'«> I a grrrr a 'A?ri' %oom for a song. sf#r trf// it> jt ?J4 t»Jf/ between 10 Warn jnJ
      363 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2699 28 TODAY S TV .I afc 1 8.02 Sarapan Malaysia. JMI [l] [H Majalah Wanita. killed by Palma. the capital of Mallorca. 11.02 Kelab Kanak-Kanak. to is- /*®Y 12.00 NN News. (Scan Bean) proposes to i y tye* 12.15 PM CNN. Scar left sahrasta paprika sausage). I K 12.30 ABN This
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