The Business Times, 17 June 1995
1995-06-17
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The Business Times
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Title Section14 1995-06-17 1 Business Times WE KNOW ASIA MITA(P) 194/12/94 Weekend Edition, June 17-18 1995 85 c14 words
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490 1995-06-17 1 Amy Balan - By Amy Balan SINGAPORE In its latest crackdown on discipline breaches in the broking industry', the Stock Exchange of Singapore has fined 13 of its members a total of $504,000 for a range of violations. The penalties, imposed by the SES disciplinary490 words
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480 1995-06-17 1 Chuang Peck Ming - Construction products, electronics are prime candidates By Chuang Peck Ming SINGAPORE Several business units of the Nat Steel group are ready to go public and will seek listings on regional bourses, says managing director Ang Kong Hua. "I think the construction480 words
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447 1995-06-17 1 Ven Sreenivasan - By Ven Sreenivasan SINGAPORE In what could be the cheapest initial public offer on the local bourse, Yaohan group's IMM Multi-Enterprise (IME) yesterday offered 20 million new shares at 25 cents each. The shares, priced at their par value, have447 words
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350 1995-06-17 1 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE Civil servants will get a pay rise of 5.5 per cent this year, lower than the 6 per cent they received in 1994, the government announced yesterday. The downward adjustment was made in view350 words
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2am LATEST
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Article62 1995-06-17 1 Reuter NEW YORK Blue-chip stocks rose above the 4,500 level yesterday in very heavy trading, boosted by the triple witching options expirations. The Dow Jones Industrial Average was up 8.2 points to 4,514.94 at around Ipm EDT after earlier rising to 4,517. In the broader market,Reuter - 62 words
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Article, Illustration590 1995-06-17 1 Catherine Ong, Conrad Raj - By Catherine Ong, Conrad Raj SINGAPORE Indonesianborn Sukamto Sia will decide what to do with his $125 million investment in Parkway Holdings after next week's shareholders' meeting where his allies are expected to continue his attack on the company's management and590 words
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Article171 1995-06-17 1 Stock market indices Friday Change STII 2,133.31 -20.48 KLSEComp 1,064.59 +6.15 Nikkei 14,703.17 -164.09 Hang Seng 9,313.95 +51.95 SET Index 1,382.96 +1.39 Jakarta Comp 488.04 -1.23 Manila Comp 2,790.31 +7.62 Taipei WPI 5,443.43 +83.34 Seoul Comp 879.24 +1.67 Bombay BSE30 .3,349.47 +33.59 CLSA China B 788.07 -0.35 Aust171 words
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Page 1 Advertisements
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Advertisement37 1995-06-17 1 old days CORPORATE PROFILE: Nat Steel's strategic offensive, EL 3 Sassoon is first S'pore firm to get broking licence in Japan, Pg 6 Fed vice-chairman expects US economic slowdown to last two or three quarters, Pg 537 words
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Advertisement11 1995-06-17 1 M'sian stocks: el s What the charts show Ullllllllll 8 *****411 words
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Advertisement6 1995-06-17 1 Letter: SES must punish rule-breakers, EL26 words
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Advertisement192 1995-06-17 1 Hock Lock Siew: pg 6 Superbowl deserves a closer l&ok ftF Gerald genta *9> *c r HH SUCCESS CHRONOGRAPH t SUCCESS A form that is strikingly simple, a totally new design that has already become a classic this fIIHH is the master s touch of Gerald Genta in the *2KiifCl192 words
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Advertisement21 1995-06-17 1 Asia's Corporate el 3 MDAng *1 Kong Hua Nat Steel's strategic g offensive Sukamto faces US$l lm commercial lawsuit, Pg 621 words
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Advertisement43 1995-06-17 1 CONTENTS News Companies S'pore News 2 S pore-NT sia 6.7 Regional News 3,4 Financial 9.10.11 World 4.5 Features Markets Opinions EL2 CW>/KISE. StS 14 16 PI a 4,5 Regional 12.13 Reviews EL6.7 V*ortd 12 Sports ELB Currencies 10 TV/R*fc> Ell 2 Sunex/Commo U43 words
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SINGAPORE NEWS
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Article, Illustration425 1995-06-17 2 Claire Leow - Singapore-German business links Reports by Claire Leow PRIME Minister Goh Chok Tong said yesterday that Asia and Europe were vital to each other's future, and expressed pleasure that Europe had recently "given higher priority to Asia". SpeakingPhoto by Simon Thong of The Straits Times - 425 words
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388 1995-06-17 2 -I"HE current National Technology Plan will be revised in the next six months to incorporate new ways to make Singapore more competitive, Minister of Trade and Industry Yeo Cheow Tong said yesterday. Speaking at the GermanSingapore Business Forum, he said the review "will identify388 words
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265 1995-06-17 2 THE Singapore Broadcasting Authority has placed a cap of 25 per cent on advertising income to total income of Singapore Cable Vision. SCV is also not allowed to carry more than 14 minutes of advertisements and trailers in every hour of its265 words
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553 1995-06-17 2 Abdul Hadhi - First time units of different developments sold en bloc By Abdul Hadhi IN a sign that demand continues to be strong for certain locations in the private residential market, two adjoining apartment developments along Ewe Boon Road in District 10 were sold collectively553 words
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Article, Illustration353 1995-06-17 2 Agnes Wee - By Agnes Wee WESTIN Hotels Resorts is negotiating deals to operate hotels in Kuala Lumpur, Beijing, Vietnam, India and Hongkong. New chairman and chief executive officer Juergen Bartels in Singapore as part of an Asian tour said yesterday the company planned toPhoto by Denise Tan of The Straits Times - 353 words
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Page 2 Advertisements
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Advertisement147 1995-06-17 2 inn in -i I.- i I LIQUIDATION AUCTION I of EUROPEAN ART I WITHOUT RESERVE including paintings by important artists DALI, ROBINSON, CAREY, HEIJERMANS, THEVONOT, LOSI, BELONOG, HUET. k 18th 19th century furniture Louis XV, XVI, Napoleon 111 commodes, B salon, parc-feu, bureau, antique chandeliers, wall appliques, Limoges tea sets,147 words
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Advertisement49 1995-06-17 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 2 Miscellaneous
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Miscellaneous210 1995-06-17 2 L WEATHER Singapore Light rain over northern Singapore. Fair warm over rest of the island. Temperature (27-34*). £ta£ac*c NMV Cm* Euro** Hl/U' Caatf. Buenos tan 12/02 Showers £*£and 13£» Oouc* Amsterdam 17/j£ Showers CJwagD 27/21 Cloudy Bar»«* ~iS£* 33/23 T storm Honolulu 27/24 Showers a***. 29/20 Bertm |9/ 0 OajO,210 words
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Miscellaneous293 1995-06-17 2 1 Master must now pay the af- LbJ IM-TBllßi-filiation fee (6) 4 Bound to capture a rebel lead- j 9 Incorporation into former German company (6) —BRIO For each individual is versa- 12 j j 13 Correct text by headed women (S) 17 I 14 Catcall causes Frenchman recurrent misery293 words
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THE REGION
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393 1995-06-17 3 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE Minister of Trade and Industry Yeo Cheow Tong will make his first official visit to Shandong in China tomorrow. Mr Yeo will lead a 44member delegation on the trip which ends on June 23. The trip393 words
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795 1995-06-17 3 Ho Kay Tat - Minister testifies at trial of Miti official involved in processing of allocation From Ho Kay Tat in KUALA LUMPUR MINISTER of International Trade and Industry (Miti) Rafidah Aziz denied in the Sessions Court here yesterday that an allocation of 1.5 million shares in795 words
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Article84 1995-06-17 3 Corrections Clarifications IN our story yesterday headlined "Bumiputra share guidelines sometimes fine-tuned: Rafidah", as a result of an editing error, we erred in saying in the first paragraph that Malaysian Minister of International Trade and Industry Rafidah Aziz had said that the guidelines for share allotments to bumiputras are sometimes84 words
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330 1995-06-17 3 SCMP HONGKONG Property sales registered with the government last month fell 10 per cent month-on-month to 11,688 transactions, providing the first official concrete evidence of the post-Lunar New Year sales slowdown. The total is still historically quite high, but a further drop isSCMP - 330 words
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262 1995-06-17 3 Lien's one-week tour is first by Taiwanese premier AFP TAIPEI Taiwan Premier Lien Chan's secret trip to Europe, which followed the historic visit to the United States by President Lee Teng-hui, was hailed yesterday as another diplomatic coupAFP - 262 words
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248 1995-06-17 3 AFP BEIJING China yesterday blamed Japan's refusal to apologise outright for its wartime atrocities on a US failure to deal harshly with war criminals after 1945 and Japanese efforts to cultivate a sense of superiority. The official Xinhua newsAFP - 248 words
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Article, Illustration47 1995-06-17 3 AFP SOUTHERN PHILIPPINES A local diver near a bed of sea coral prepares to catch a fish using potassium cyanide, a method which is banned here, ina picture released by International Marinelife Alliance Philippines. Cyanide stuns fish but destroys the fragile coral. AFPAFP - 47 words
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210 1995-06-17 3 AP TAIPEI In another sign of increasing democracy in Taiwan, the government yesterday approved establishment of a private television network that will break a nearly threedecade government monopoly of broadcast media. The People Broadcasting Corp, capitalised at NTS 3 billion (Ssl62 million), beat HarvestAP - 210 words
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211 1995-06-17 3 Reuter KUALA LUMPUR Malaysia yesterday called for formal talks on the disputed Spratly Islands to ensure stability in the region, the national Bernama news agency reported. "I think it is very timely that we begin on a formal basis some discussions as toReuter - 211 words
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NOTE BOOK
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Article74 1995-06-17 3 SINGAPORE Philippines' former foreign secretary Roberto Romulo has been appointed to Zuellig Group's board of supervisors in Europe. The Swiss-based manufacturer and distributor of chemicals, animal feed and pharmaceuticals in the Asia-Pacific region said Mr Romulo will handle government and externa) relations. Mr Romulo resigned as Philippines'74 words
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98 1995-06-17 3 AFP DHAKA Bangladesh has opened its doors to foreign investors in the energy sector, which will need investments worth US$3 billion (554.2 billion) by 2000, Finance Minister Saifur Rahman said. Presenting the national Budget on Thursday for the year to next June, he saidAFP - 98 words
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98 1995-06-17 3 Reuter BEIJING China expects to see a drop in agreed foreign investment in 1995 over 1994 but foreign reserves of US$6O billion (5583.8 billion) will ensure Beijing has enough money to overcome any shortfall, the China News Service said yesterday. The number of agreed foreignReuter - 98 words
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131 1995-06-17 3 Reuter JAKARTA The trial of two Indonesian reporters and an office helper from an independent journalists' group accused of publicly showing hatred for the government opened yesterday amid noisy protests by several students. Prosecutor TS Limbong said Achmad Taufik and Eko Maryadi, members ofReuter - 131 words
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Article, Illustration286 1995-06-17 3 Harish Mehta - By Harish Mehta SINGAPORE Cambodia has called on the private sector in Singapore and other Asian countries to provide financial assistance to promote an arts festival in Cambodia, and revive an arts university. Cambodian Minister of Culture and Fine Arts, Nouth286 words
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504 1995-06-17 3 AFP HONGKONG More top politicians will follow Lydia Dunn's lead in quitting Hongkong before the sun sets on the British colonial era, Chinese language newspapers predicted yesterday. And China's unofficial envoy in Hongkong warned against moves to change the executive-led systemAFP - 504 words
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Page 3 Advertisements
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Advertisement14 1995-06-17 3 Dunn's place in Swire inner circle to be taken by marine arm's MD, PgB14 words
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REGION/WORLD
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425 1995-06-17 4 Leslie Lopez - From Leslie Lopez in JAKARTA THE World Bank has cautioned Indonesia that it needs to tighten fiscal and monetary policies to cool growing signs of overheating in its economy and recommended greater prudence in the management oif its425 words
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Article, Illustration607 1995-06-17 4 Bloomberg Business News HALIFAX, Nova Scotia Leaders of the world's richest industrialised nations yesterday gave a final review to their economic statement, including a plan to prevent future Mexicostyle financial crises. The leaders of the G-7 group the US, Canada, Germany, Japan, Italy,Bloomberg Business News; Reuter - 607 words
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376 1995-06-17 4 Bloomberg Business News BRUSSELS The US and the European Union plan to unveil at the end of the year a programme of tariff cuts that could ease trade tensions that are straining their relationship, Stuart Eizenstat, US ambassador to theBloomberg Business News - 376 words
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284 1995-06-17 4 Reuter SYDNEY Media baron Rupert Murdoch's 23-year-old son, yesterday was at the centre of speculation he would inherit his father's massive media empire when he was appointed publisher of Australia's national newspaper. Mr Murdoch's media group, the News Corporation, said Murdoch hadReuter - 284 words
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308 1995-06-17 4 Reuter HONGKONG China's Foreign Minister Qian Qichen has accepted an invitation to visit Britain, a British Foreign Office spokesman said yesterday. "We are now discussing dates," he said. "But nothing has been finally fixed." He declined to elaborate. The news of the visitReuter - 308 words
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468 1995-06-17 4 Reuter LONDON Asian central banks are fast becoming major players in the currency markets but have a long way to go before they can claim to be in the same league as Malaysia's Bank Negara of the early *****. Unlike BankReuter - 468 words
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458 1995-06-17 4 NYT TOKYO In the first step towards an economic package aimed at salvaging Japan's increasingly fragile economic recovery, the country's ruling coalition has proposed looser regulations for stock sales. The coalition hopes easier regulations would help more venture capital companies raiseNYT - 458 words
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348 1995-06-17 4 S N Vasuki - By S N Vasuki in SINGAPORE THE Japanese government's new measures to deregulate the country's power industry will not significantly impair the creditworthiness of Japan's nine electric utilities, rating agency Moody's said in a report published here yesterday. In April,348 words
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WORLD IN ABOX
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100 1995-06-17 4 AFP BONN Environmental activists opposed to plans by oil giant Shell to dump the disused Brent Spar oil platform in the Atlantic burned down a Shell service station in the northern port city of Hamburg on Thursday night, police sources said yesterday. The service station'sAFP - 100 words
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Article107 1995-06-17 4 AFP MANILA Economic growth in East Asia is expected to remain strong this year, buoyed by high investment levels and robust productivity, a senior official with the World Bank said yesterday. "There is no particular reason to say growth rate in Asia will come down," saidAFP - 107 words
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Article, Illustration132 1995-06-17 4 Reuter LONDON British Prime Minister John Major faced an ultimatum from Conservative MPs yesterday sharpen up your act or risk being dumped as leader. Mr Major is in Canada at the G-7 summit. Taunts by Labour rivals that it was dangerous for him to be out ofReuter - 132 words
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Article132 1995-06-17 4 Reuter WASHINGTON A US copyright industry group has urged the Clinton administration to deny some trade ben- efits to Russia because of wholesale piracy of US intellectual property. The International Intellectual Property Alliance said it filed a petition with the US Trade Representatives Office asking it toReuter - 132 words
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Article149 1995-06-17 4 Bloomberg Business News TOKYO The Asian market for semiconductors will grow at more than 20 per cent a year in the next three years on strong demand from Taiwan computer makers and growing hightech industries in China, a research company said. Dataquest Japan, the local arm ofBloomberg Business News - 149 words
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Article156 1995-06-17 4 UPI BEIJING China yesterday escalated its attacks on Washington with angry threats of retaliation against America's reduction of its textile export quota. It said it may also withhold its cooperation on stopping illegal textile transshipments. Li Dongsheng, a senior official with the Ministry of Foreign Trade andUPI - 156 words
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THE WORLD
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656 1995-06-17 5 Bloomberg Business News MINNEAPOLIS The US economy's growth is weak during the current quarter and will remain sluggish "for two or three quarters", Federal Reserve vice-chairman Alan Blinder said. Growth in the economy's output faces "two or three rockyBloomberg Business News - 656 words
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128 1995-06-17 5 Bloomberg Business News TOKYO US Federal Reserve chairman Alan Greenspan does not want to cut interest rates until he is sure the economy is in no danger of heating up. Business Week magazine reported. Vice-chairman Alan Binder is theBloomberg Business News - 128 words
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Article, Illustration475 1995-06-17 5 Rcuter PARIS France's far-right National Front is bidding for power in several towns in a run-off round of municipal elections tomorrow, aided by the refusal of President Jacqucs Chirac's coalition to unite with the Left against it. Jcaji-Maric LcRcuter - 475 words
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Article1460 1995-06-17 5 AIRCRAFT ARRIVALS DEPARTURES «Hr ragw cm FNgM n» Mtm HmM GA860 1945 M»t«l<l QF8I 1930 QF82 2055 Amman RJI87 0130 Amsterdam KL843 0455 KL838 2300 SQ25 0650 SQ324 2330 KL831 0925 UeUm4 N221 1735 NZ22 1910 SQ286 2040 BaMaM GFI48 0910 Gfll47 0250 B S«rl B«fMM BI421 1100 SQ182 09151,460 words
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Article, Illustration54 1995-06-17 5 Reuter LAIKU Go Sawahata, 20, a Japanese student of -foreign studies at the Tokyo University, practising kendo, an ancient form of martial arts, in front of the 4,000-year-old Sphinx early yesterday. Mr Sawahata, who is in Egypt for one year to study Arabic, practises the sportReuter - 54 words
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332 1995-06-17 5 AFP STRASBOURG This month's European Union summit will concentrate on creating jobs and major transport links across the continent as well as Bosnia and the Maastricht treaty, France's European Affairs Minister Michel Barnier told the European parliament hereAFP - 332 words
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431 1995-06-17 5 Move will spur competition among companies AP WASHINGTON The Senate on Thursday broke a de-cade-long impasse over telecommunications reform and approved a sweeping measure that lawmakers said will spur competition and profoundly affect every American who watches TV, accesses a computer on-line serviceAP - 431 words
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349 1995-06-17 5 AP UNITED NATIONS The UN Security Council was thrown into confusion on Thursday when leaders of the Republican-controlled Congress said they would not honour President Bill Clinton's commitment to pay about a third of the cost of sending thousands of heavily armedAP - 349 words
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207 1995-06-17 5 Reuter MOSCOW Drought is threatening to damage grain crops as central Russia suffers its hottest early summer weather in about 100 years, a senior weather service official said yesterday. Viktor Trenin, a department head, said the heatwave began in the second half of MayReuter - 207 words
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COMPANIES & MARKETS
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494 1995-06-17 6 Catherine Ong, Conrad Raj - But commercial suits not unusual, says his associate f'to Catherine Ong, Conrad Raj SINGAPORE Businessman Sukamto Sia, who made this week with an QOen letter attacking Parkway Holdings' management, faces million (5515.3 milIfprp lawsuit in Hongkong. 4 Me was also questioned twi9e by America's494 words
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Article, Illustration350 1995-06-17 6 Chan Siew Ling - By Chan Siew Ling SINGAPORE Broadway Group yesterday announced plans to build more factories and warehouses in Singapore, Thailand ■and Malaysia, to expand its foam-moulding business. The company said it was leasing from the Jurong Town Corporation a 3,381 sq m piece of land350 words
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431 1995-06-17 6 Teh Hooi Ling - By Teh Hooi Ling SINGAPORE China Merchants Shekou Port Service Co Ltd, set to be the first Chinese company to get a secondary listing in Singapore, is laying the groundwork to expand its business here. The company would like to develop its trading,431 words
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678 1995-06-17 6 Conrad Raj - HOCK LOCK SIEW By Conrad Raj SINGAPORE With a market capitalisation of only $60 million and currently selling for around 60 cents a share, one could be forgiven for thinking bowling alley operator Superbowl Holdings was a Sesdaq counter. But this new kid678 words
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471 1995-06-17 6 Anthony Rowley - From Anthony Rowley in TOKYO J M SASSOON has become the first Singapore stockbroker to get a securities licence in Japan and hopes to use its new Tokyo branch to channel a significant amount of Japanese portfolio investment into Singapore471 words
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EYE on your STOCKS
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Article19 1995-06-17 6 For next week's expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finance dt Investment section)19 words
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Article, Illustration94 1995-06-17 6 Paul Leo - By Paul Leo IPC Corporation has fallen to near its all-time low of 73 cents touched on May 3. But technical factors indicate that it is unlikely to breach that level and will instead trade between 70 cents and 90 cents in the near term. Both Relative Strength94 words
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COMPANIES
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462 1995-06-17 7 Reuter JAKARTA Indonesia's PT Bimantara Citra, the corporate flagship of President Suharto's second son, has announced an attractive offer price for its much-awaited domestic listing next month, analysts said yesterday. To be listed on the Jakarta Stock Exchange on July 17, the issueReuter - 462 words
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194 1995-06-17 7 Plantation Development listing gets KL body's okay after appeal Bernama KUALA LUMPUR Plantation Development (Malaysia) Bhd's proposed listing on the Kuala Lumpur Stock Exchange's main board has been approved in principle by the Securities Commission following an appeal. The in-principle approval is subject to P&D owning at least 4,800 haBernama - 194 words
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Article123 1995-06-17 7 Reuter BANGKOK Thailand's largest local hotel chain Dusit Thani said it will acquire a 91 per cent stake in Manila-based Philippine Hotelliers in its attempt to expand its hotel business in the region. The company said in a filing to the Stock ExchangeReuter - 123 words
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139 1995-06-17 7 Reuter KUALA LUMPUR A wholly-owned subsidiary of United Engineers (Malaysia) Bhd (UEM) has secured an MSB4O million (*****.4 million) loan facility to part-fi-nance a highway project,,UEM said in a statement yesterday. The subsidiary, Expressway Lingkaran Tengah Sdn Bhd (Elite), signed the agreementReuter - 139 words
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154 1995-06-17 7 Reuter JAKARTA Indonesia's second largest conglomerate, the Sinar Mas Group, will list its financial arm Sinar Mas Multiartha on July 5, offering 60 million shares or 11.76 per cent of its enlarged share capital. The 500 rupiah (31 Singapore cents) parReuter - 154 words
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264 1995-06-17 7 Bloomberg Business News BANGKOK Advanced Info Service pic, the country's largest cellular phone network operator, will have a profit of about 2.2 billion baht (SS 124.6 million) this year, a 43 per cent increase from last year, its presidentBloomberg Business News - 264 words
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50 1995-06-17 7 SINGAPORE Malaysia's Securities Commission has approved the offer by Dunlop Estates Bhd (DEB) to sell Magnum Corporation shares to DEB shareholders in a proposed share swap. The commission also approved DEB plans to buy 45 per cent of soon-to-be-privatised Sarawak Electricity Supply Corporation (Sesco).50 words
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Article44 1995-06-17 7 SINGAPORE Econ International Ltd now has a 54.47 per cent share in AL Technologies (Singapore) Pte Ltd. It acquired 135,000 shares of $1 each for $317,250 and subscribed for another 182,000 shares of $1 each for $182,000.44 words
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Article16 1995-06-17 7 SINGAPORE Low Siew Joon yesterday resigned as a director of Inno-Pacific Holdings Ltd.16 words
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Article67 1995-06-17 7 SINGAPORE Inter-Roller Engineering Ltd has won three contracts one at Fuzhou Changle International Airport in south China and two at Changi Airport totalling $8.11 million. These were secured by its airport baggage handling system division. The 555.53 million contract in Fuzhou follows an earlier one to67 words
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40 1995-06-17 7 SINGAPORE A director of Marco Polo Developments Ltd, John Hung, yesterday bought 50,000 The Wharf (Holdings) Ltd shares at HKSIO (SS1.80) per share. The HK$l shares were acquired under Wharfs executive share incentive scheme.40 words
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28 1995-06-17 7 SINGAPORE Hiap Moh (HK) Company Ltd has acquired a unit in Heung Wah Industrial Building in Hongkong for HK52.95 million (*****,000).28 words
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30 1995-06-17 7 SINGAPORE Summit Technology Australia (Pty) Ltd ot SM Summit Holdings Ltd has agreed to buy a factory in Sydney for ASI.9 million (551.93 million).30 words
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246 1995-06-17 7 Reuter KUALA LUMPUR Malaysia's national savings bank, Bank Simpanan Nasional (BSN), said it was buying 100 per cent equity in a financially troubled merchant bank for a token Msl (about 57 Singapore cents). BSN chairman Ahmad Zahid Hamidi said the acquisition of BankReuter - 246 words
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Article, Illustration432 1995-06-17 7 NST KUALA LUMPUR Renong Bhd is proposing an issue of up to US$l75 million (***** million) in unsecured Euro-convertible bonds to finance its light rail transit (LRT) project and a new township development in Johor. Renong said in a circular to shareholders on ThursdayNST - 432 words
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Article577 1995-06-17 7 Manager! prices Jun 17 19 Sh Greater China Fd 1.00 100® Smeaoare UiMt Truct Mendaki G» Faad 1.03 1.06® MlgapOTV unn irust US Gr Fund 1.03 1.07® The Commerce 1.59 l.68xd 1UU1 The Savings Fund 1.53 1.62 006 AtSCt Mgt Ltd S'Pore Prog Fund 0.62 0.66 Unifund 1.46 1.53 Spore577 words
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Article107 1995-06-17 8 Bloomberg Business News SHANGHAI A surge of buy orders for a new share offering by industrial chemical producer Tianjin Bohai Chemical Co shortcifcuited share trading on the Shanghai securities exchange yesterday. The Tianjin offering of 68.98 million A shares is being handled through the same computerBloomberg Business News - 107 words
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55 1995-06-17 8 Reuter HONGKONG A 120 million Shenzhen B share issue by Shenzhen Beifang Jianshe Motorcycle Co, China's second largest motorcycle maker, was oversubscribed, said coordinator HG Asia Ltd yesterday. A HG Asia spokesman said calculation of the oversubscription rate for the placement, which closed yesterday, would notReuter - 55 words
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70 1995-06-17 8 AFP TOKYO Japanese spinning and cosmetics company Kanebo Ltd said yesterday it planned to set up a wool venture in southern China with trading house Sumitomo Corp, starting production in February next year. Kanebo said the new company, Zhongshan Huazhong Wool Spinning Co Ltd, wouldAFP - 70 words
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95 1995-06-17 8 Bloomberg Business News HONGKONG Wei Wenyuan, the president of the Shanghai Stock Exchange, denied speculation that he was under pressure to resign following a spate of scandals in Shanghai's bond futures market, the Eastern Express reported yesterday. Mr Wjei, who said he had heardBloomberg Business News - 95 words
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174 1995-06-17 8 Bloomberg Business News HONGKONG One of China's largest manufacturers of high-voltage transformers plans to sell 248 million shares in Hongkong, becoming the second Chinese state enterprise company to sell H shares this year, bankers familiar with the sale said yesterday. NortheastBloomberg Business News - 174 words
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332 1995-06-17 8 S N Vasuki - By S N Vasuki SINGAPORE An Indian financial institution will soon raise 21.84 billion rupees (around Ssl billion) in the country's largest equity issue. State-owned Industrial Development Bank of India (IDBI), which advances long-term credit to the corporate sector, said that the332 words
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Article, Illustration67 1995-06-17 8 Reuter TOKYO Fuji Photo Film yesterday announced it will launch its Byu-N 16 camera on the market from July 10. The camera will sell for 25,000 yen (Ss4l3) and features 16 lenses and is able to take up to 16 pictures in 1.5 seconds, recorded on twoReuter - 67 words
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Article206 1995-06-17 8 Disagreement on terms for HK mobile phone network Bloomberg Business News TOKYO Japanese telephone service operator DDI Corp said it has pulled out of talks with Hongkong conglomerate Wharf (Holdings) Ltd on running a new kind of mobile phone service in the British colony. A spokeswomanBloomberg Business News - 206 words
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Article136 1995-06-17 8 Bloomberg Business News HONGKONG CDL Hotels International, the Hongkong-listed company that teamed up with a Saudi prince to take control of New York's Plaza hotel, is looking for more hotels to buy in the US and Britain and to list them in the UK,Bloomberg Business News - 136 words
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210 1995-06-17 8 Bloomberg Business News HONGKONG Swire Group said Davy Ho, managing director of Swire Shipping (Agencies) Ltd, will replace Lydia Dunn in the Hongkongbased conglomerate's Private Office, or inner circle of senior executives. Lady Dunn, an executive directorBloomberg Business News - 210 words
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108 1995-06-17 8 Reuter COLOMBO Finland's Nokia and Telecom Finland have teamed up with Sri Lanka's MTT Network (Pvt) Ltd in a US$4O million (Sss6 million) project to lay a fibre-optic cable network across the island, a spokesman for the local firm saidReuter - 108 words
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584 1995-06-17 9 IHT LONDON The depleted ranks of British-owned securities houses are likely to get even thinner, as Dresdner Bank AG said on Thursday it was negotiating to buy Kleinwort Benson Group pic. "This could be almost the end of this process," said PhilipIHT - 584 words
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454 1995-06-17 9 Bloomberg Business News LOS ANGELES Shares of Samuel Goldwyn Co fell 33 per cent on Thursday after the film company reported a loss for its fourth quarter and said it may not be able to repay its bank loans. The Los Angeles-basedBloomberg Business News - 454 words
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280 1995-06-17 9 Bloomberg Business News SANTA ROSA, California US Electricar Inc, seeking to avoid insolvency, said on Thursday it expected to receive up to US$l million (Ssl.4 million) in financing and was granted an extension on US$ll million in debt by its creditors.Bloomberg Business News - 280 words
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434 1995-06-17 9 FT PARIS Suez and its large subsidiary, Societe Generale de Belgique (SGB), said on Thursday they were considering forming a joint company. The move could help the management of the French holding company stave off a takeover from some of its dissatisfied FrenchFT - 434 words
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355 1995-06-17 9 Reuter OSLO Two Norwegian banks crossed swords in a takeover battle for a mortgage lender on Thursday. Both raised their bids successively to reach a standoff at the end of the day. Christiania Bank og Kreditkasse, the country's secondReuter - 355 words
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SHIPS IN PORT
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Article440 1995-06-17 8 W*** Voy Wo Arrhrai Dtparturt Jyrong Port 2/95 J17/18 alongsxle 1706/1600 Mam Bahama J1 alongsxle 1706/2300 *•»> Murni J9 alongside 1706/2300 Q+&«a 06/02/95 J21 alongside 17 06/2300 M 80 01/95 J4 alongside 17.06/1200 J"# V163 J14/15 alongsxle 17.06/1500 06/07/95 J2 alongside 17.06/1300 <&* P«* Hong HE J17440 words
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Article1631 1995-06-17 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Rtcord Bookini/'BjIinct Rslts y* III Elb/Wr Nriod From T« From to P"** Otte 17/1200 U 16/1500 16/1659 16/1900 ta~£fc 243* 11/0700 28 16/1700 17/0(69 17/0900 4 17/1200 17/1459 17/1700 to« Qt7» 17/1500 1A IS/1500 16/1659 16/1900 8hi« 207S IS/2359 IB1,631 words
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FINANCE & COMMODITIES
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513 1995-06-17 10 Siow Li Sen - By Siow Li Sen Singapore The ban on oual membership in the Singapore International Monetary Exchange and the Singapore Commodity Exchange Ltd (Sicom) is hobbling the growth of Sicom, traders say. They say that Simex members, especially the international houses, bring in international513 words
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222 1995-06-17 10 Shiv Taneja - By Shiv Taneja SINGAPORE PT Enseval, the holding company for the Kalbe Group, Indonesia's largest manufacturer and distributor of pharmaceutical, healthcare and consumer products, yesterday raised US$75 million (Sslos million) from the offshore market. The facility was oversubscribed but the company has decided222 words
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Article, Illustration364 1995-06-17 10 DBS Bank weekly currency review US$/Dm: still no clues The market is still undecided about the short-term direction of the greenback. As a result, trading this week was in a narrow range of 1.3920 to 1.4145. The technical outlook remains cloudy, with a break of 1.4630364 words
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267 1995-06-17 10 Reuter BANGKOK Thailand's Seamico Securities pic said it is considering the possibility of a takeover of Standard Chartered pic's Standard Chartered Securities Ltd. "The company was initially considering the possibility of the takeover bid of Standard Chartered Securities Ltd together with General Finance and SecuritiesReuter - 267 words
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368 1995-06-17 10 Bloomberg Business News NEW YORK Gold prices jumped to an eight-week high amid concern that production is falling in South Africa at a time when demand from China is growing. "Gold is in a severe supply deficit," said Leanne Baker, precious metalsBloomberg Business News - 368 words
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Article, Illustration273 1995-06-17 10 Paul Leo - By Paul Leo SINGAPORE National Westminster Bank is seeking to upgrade the representative office licence of its private banking operation, Coutts Co. The British bank's group chief executive officer Derek Wanless said at a British Business Association luncheon at the Shangri-La Hotel yesterday that it273 words
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286 1995-06-17 10 ENERGY REPORT Reuter VIENNA Oil ministers from the Organisation of Petroleum Exporting Countries (Opec) are likely to leave output ceilings well alone at their meeting but will be looking at thorny issues like overproduction and the impact of the weak dollar on theirReuter - 286 words
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Article175 1995-06-17 10 Reuter LONDON The dollar dithered around the 1.4050 marks and 84.50 yen levels at the European midsession yesterday. as operators searched in vain for trading incentives before the Group of Seven (G-7) communique due later yesterday. Despite the focus on the communique to be released at around 1840Reuter - 175 words
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Article93 1995-06-17 10 AFP NEW YORK The dollar dipped slightly against other major currencies in quiet trading here yesterday as traders awaited the outcome of the Group of Seven (G=7) economic summit in Canada. At about 1350 GMT, the dollar was trading at 1.4010 marks from 1.4065 on Thursday and atAFP - 93 words
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Article, Illustration1477 1995-06-17 10 I rade-wei/fhted index calculated against Spore's top 14 trading partners Say year 1985 (JS$/S$ forward rates Noon /Jun 16 s$ Bid Offer 1-month 1.3914 l.39»~ 2-month ***** 1.3875 3-month 1.3811 6-month 1.3678 1 3698 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Jun 16 Singapore dollars to one1,477 words
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COMMODITIES & FUTURES
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1392 1995-06-17 11 Reuter SINGAPORE Simex Eurodollars ended easier in volatile trade. Euroyen futures closed firmer. Eurodollars were sold in the morning by Chicago participants but US funds came in to buy back before European investors sold in the afternoon, said a dealer. The selling started overnightReuter - 1,392 words
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691 1995-06-17 11 COMMODITY REPORTS KL Tin TIN prices on the KLTM reached a new four-and-a-month-high when they added 26 sen to finish at M 516.02 per kg. The bullish performance on the local front was in line with the higher closing on the LME691 words
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KNIGHT-RIDDER COMMODITY SUMMARY
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Article86 1995-06-17 11 SINGAPORE Indonesian cocoa bean demand, and hence prices, has been climbing due to the ongoing declines in the Malaysian crop. Buyers have been more aggressive in their bids, and consequently, differentials have narrowed sharply, traders said. For example, low-quality Indonesian Sulawesi cocoa recently traded at US$l5O-USSI6O86 words
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121 1995-06-17 11 TOKYO Asian robusta coffee exporters, certain that world prices will rebound, are expected to continue slowing their sales. After harvest delays of up to two months, new-crop coffee finally has begun flowing into the market, but sources say Indonesia Asia's major robusta producer is reluctant121 words
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Article108 1995-06-17 11 LONDON The world copper market is estimated to have recorded a supply-demand deficit of 107,000 tonnes in the first three months of this year, according to the May bulletin of the International Copper Study Group. Consumption in the January-March period is estimated to have totalled 2.923 million108 words
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Article1391 1995-06-17 11 SICOM Futures (Marts dosing as at S.3tpai) *SS 1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) I merest Jui 216.50 400 650 Aug 211.50 211.50 212.00 700 4400 Sep 209.50 206.50 209.50 250 2500 Oct/Dec 203.50 6150 Jan/Mar 96 203.00 3975 Apr/Jun 96 204.001,391 words
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REGIONAL STOCK MARKETS
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Article995 1995-06-17 12 12.5 SHARES closed higher yesterday after a surge in gold stocks and bargain hunting ended six consecutive trading days of falls. The All Ordinaries Index closed 12.5 points up at 1,973.6. The All Industrials rose 9.8 to 2,974.1 and the All Resources ended 15.5 up at 1,216.5. Turnover was995 words
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Article635 1995-06-17 12 +7.62 Share prices rose on mixed performances from index heavyweights and second liners. The PSE Composite Index rose 7.62 points to 2,790.31. Turnover was 2.8 billion shares valued at 892.5 million pesos. Heavyweights such as Ayala Corp A shares gained 25 centavos to close at 21.25 pesos, while its635 words
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Article561 1995-06-17 12 +83.34 Share prices closed 1.6 per cent higher in response to more market incentives proposed by the authorities. "Encouraged by a six-point incentive programme by the Security and Exchange Commission, bargain hunters returned to the market to pick up lowcost shares," said a dealer. The 321-issue Weighted Price Index561 words
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Article415 1995-06-17 12 -1.67 Stock prices continued their downswing to close lower as a weakness hung over the bourse. The Composite Price Index edged down 1.67 points to settle at 879.24. Turnover was 18.8 million shares valued at 310.9 billion won. Falls outnumbered rises 425 to 336 and 124 other counters closed415 words
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Article366 1995-06-17 12 -6.86 Shares maintained their weak tone, closing easier on light volume. The NZSE-40 Capital Index fell 6.86 points to 2,075.98. There were several large ofT-market transactions in Wrightsons, Fletcher Challenge and Brierley Investments but on-market activity was very thin. Volume was NZ$22 million. Telecom, sensitive to interest rate366 words
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Article83 1995-06-17 12 +33.59 Shares closed higher and brokers attributed the rise to unconfirmed newspaper reports that forward trading could be re-introduced on Indian bourses. They said a newspaper report the Upper House had decided to recommend the reintroduction of forward trade on the country's bourses had boosted sentiment. The BSE 30-share83 words
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WORLD STOCK MARKETS
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Article1144 1995-06-17 12 Britannia Funds Sterling Cash Bid Offer Mim Cap Deposit 38 6400 38 6500 Mim Jersey Gill 0.18*)3 0 1992 Mim Mix Income *0 9200 ****** IJSS Cash Income Plus Fund 10 4400 11 0000 PS Reserve Fund 5 5000 5.5100 Sterling Eqaity Euro Performance 0.4592 0.4938 Far East Fund *21,144 words
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Article742 1995-06-17 12 -4.3 A RISING Wall Street helped UK blue chips recover most of their losses late in the session as the Footsie closed slightly down on the day but ahead of last week's closing levels. The FTSE 100 Index closed down 4.3 points at 3,366.1 on solid volume of more742 words
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Article177 1995-06-17 12 -15.75 French shares finished down but off their lows as th« bourse tracked a sharp slide and then a late partial recovery in the bond market, dealers said. The CAC-40 Index lost 15.75 points to 1,904.95 after rebounding from a session low of 1.886.27. Of the CAC-40 stocks, seven177 words
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Article195 1995-06-17 12 -5.72 A late surge in DAX futures prices helped the cash market all but wipe out mid-af-ternoon losses by the close of IBIS computer trade. Cash market activity remained minimal with many players absent because of Thursday's Corpus Christi holiday in Frankfurt. Dealers see market quiet next week but195 words
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Article202 1995-06-17 12 1.96 Belgian shares were steady at the close after a quiet day interrupted by a half-hour period of volatility in the afternoon when June Bel-20 Index options and futures as well as individual stock options expired. The Bel-20 Index closed 1.96 points higher at 1,420.82 after trading in a202 words
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Article164 1995-06-17 12 -66 Italian stocks fell, led lower by carmaker Fiat, amid concern over the ability of Italy's government to control public spending. "The overriding concern in the market is one of extreme political uncertainty," said an analyst. The Mibtel Index fell 66 points to 9,776. Traders say the market won't164 words
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Article130 1995-06-17 12 +0.44pc Swedish shares closed higher after slack morning trading. The rise was mainly down to Ericsson, which reached an all-time high after an extremely strong figures from Finnish competitor Nokia. "The bourse was really looking to Nokia today," a broker said. The OMX Index picked up 0.44 percent to130 words
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Article245 1995-06-17 12 -25.6 Swiss shares closed weaker as sell-program and profittaking kicked in after the Soflex futures expiry. Falling bond futures also trig?ered losses, above all in the inancial sector. Bank shares were also pressured by a brokerage recommendation calling for reduced portfolio weightings of ÜBS and SBC. The SMI Index245 words
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Article232 1995-06-17 12 +2.69 Stocks opened higher but dealers warned of a sell-off in line with North American bond markets. "Some of the underlying factors would indicate we're ready to give back a little bit," one dealer said. The TSE 300 Index was up 2.69 points at 4,521.20 in volume of 20.20232 words
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Article827 1995-06-17 12 19.71 Stock prices climbed further in very heavy trading despite weak bonds as program activity tied to the "triple-witching hour" dominated the session. The Dow Jones Industrial Average, which added 5.19 points to a new record high 4,496.27 on Thursday, was ahead 19.71 to 4,515.98 at 1 lam827 words
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Article, Illustration2687 1995-06-17 13 Bloomberg Business News HONGKONG Stocks rose, led by utility issues, as HK Telecom advanced amid relief that Citic Pacific will keep its 12 per cent stake in the telephone company. With the local market closed for a holiday on Monday and no major companies reporting earnings, shares will takeBloomberg Business News; Source: Bridge Info - 2,687 words
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Article, Illustration532 1995-06-17 13 CLSA IN Hongkong, the H share index gained five points at 1,166.64 on turnover of HKJ47.7 million. Yizheng and Shanghai Petrochem accounted for 50 per cent of the day's turnover. Yizheng ended 1.7 per cent up while Shanghai Petrochem fell 1.9 per cent. In Shanghai, the B Index lostCLSA - 532 words
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Article, Illustration2498 1995-06-17 13 Bloomberg Business News TOKYO Stocks fell as concern over the strong yen and trade friction with the US outweighed hopes that the government will try to boost the economy through an economic package. "The market fell on its face," said a trader. He said the persistent worry about theBloomberg Business News; Source: Bridge Info - 2,498 words
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Article, Illustration1609 1995-06-17 13 Reuter BANGKOK Late buying of banking and transport issues by bargain-hunters yesterday led stocks to a slightly higher close, brokers said. The SET Index ended the day up 1.39 points at 1,382.96 in sluggish trade. The index moved within a narrow range of between 1,375 and 1,385 points allReuter; Source: Bridge Info - 1,609 words
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Article, Illustration1169 1995-06-17 13 Reuter JAKARTA Share priccs ended slightly lower in slow trade, with players focusing on stocks planning to have bonus issues, brokers said. They said Gajah Tunggal and Putra Surya Perkasa, which plan to issue bonus shares, were heavily traded, with more than one million shares changing hands each. GajahReuter; Source: Bridge Info - 1,169 words
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Article2591 1995-06-17 14 IOM c* O k Law Vol Day Last Qmc Di» Di» YU N« M Cap l (n«pi«y Sak C00») Hifh Low Bayer Seller CV P/fc fcnil Malaysian stocks ■11* 388 -2 161 392 386 388 390 3.0 -2 9 02 39» 227 ill I 4 "0 5 542,591 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6441 1995-06-17 14 Bloomberg Business News KUALA LUMPUR Stocks rose a third day as optimism that US interest rates will fall continued to attract foreign investors to blue chips, while local investors moved into shares of smaller companies. The KLSE Composite Index added 6.15Bloomberg Business News; Source: Bridge Info - 6,441 words
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STOCK EXCHANGE OF SINGAPORE
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Article7709 1995-06-17 15 IM« Cf C» M Wt Huk UHV.ID.jr UMQmM Dl. Di. YU Net Cap Af High Lot C ompaay Sale COM) High Low Bayer Seller Or P/E Vail Prin INDUSTRIAL AND COMMERCIAL *88 312 mt I Acnu 50c 454 cd -6 1JS 460 452 452 4J4 22.J 5.1 2.5 9 57,709 words
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Article, Illustration1872 1995-06-17 16 R Sivanithy - By R Sivanithy SINGAPORE The local bourse yesterday ended with prices lower across the board. Other than weakness in Japan and the general uncertainty associated with US interest rates, brokers were at a loss to explain the lack of interest. The StraitsCharts by Bridge Info; Source: Bloomberg - 1,872 words
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Page 6 Advertisements
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Advertisement417 1995-06-17 6 NEWS VALUE 13 firms fined $504,000 in latest SES crackdown (pg I) Fines arc chickenfeed to an industry which has had it good for quite a while. Sukamto to decide on Parkway stake after AGM (pg 1) Sukamto not likely to get his way with Parkway. Several Nat Steel units417 words
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Page 7 Advertisements
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Advertisement110 1995-06-17 7 ""y j: Coming J f TO 4 PICTUREHOUSE J wmr 1 Special J f Brunch I I m i i r The art of I fine food, j f coffee wine j m continues... loQinj |,0 no DdME J ET. 02-00 Picture House K 6 Handy Road, Singapore Telephone: 339110 words
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Advertisement294 1995-06-17 7 AlfcfFßA NCE $>tate the, Ant m Wim QeUxM 4 < £e/ue, PneAttifZ l f?irafflH MANOIR COTTAGE ERMITAGE CASTEL m f *»s&* 1%: CELLARS FOR THE HOME v Manooi 1 12 144 1455 mm 680 mm 670 mm Cottage 3 11 142/148 1455 mm 680 mm 670 mm Emotage 1 15294 words
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Page 9 Advertisements
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Advertisement285 1995-06-17 9 PARKWAY HOLDINGS LIMITED The Board of Directors of Parkway Holdings Limited ("Parkway" or "the Company") wishes to respond to the paid press advertisement which appeared in the Business piTI'mSMiIHB Times on 16 June 1995. The Company did receive the queries set out in the said advertisement from Messrs KLS Investment285 words
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Page 10 Advertisements
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Advertisement49 1995-06-17 10 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily x>py, call Customer Services S-rction on 1800-749-2577, and asl: for home or office delivery service.49 words
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Page 11 Advertisements
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Advertisement269 1995-06-17 11 RFiline An SPH AudioTex Service ENGLISH NUMBER Children's Funland 910 0001 Johnny Works With One Hammer Usborne™Puzzle Adventures 910 0002 Which Way? Horse Racing Results 911 0001* 4D/SWeep/TOtO: TotoDrawNo#B2; Win Prized 911 -0002* Tele-Games 911-0003 Creek The Sale Mrs Wizard's Crystal Ball 11 Mensa Line 911-0004 Puzzles In TNP Every269 words
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Advertisement20 1995-06-17 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.20 words
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Page 12 Advertisements
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Advertisement29 1995-06-17 12 A quick look at the markets. HI For Financial News, call 1900-913-0001, pn at 30 cents a minute. The South African stock market was closed yesterday for Youth Day29 words
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Page 13 Advertisements
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Advertisement8 1995-06-17 13 Home Decor For people who love their homes8 words
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Page 14 Advertisements
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Advertisement10 1995-06-17 14 Young Parents When you want the best for your children10 words
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Page 15 Advertisements
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Advertisement14 1995-06-17 15 Game over! What's next? Call Sports News on 1900-912-0012, at 30 cents a minute.14 words
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Page 16 Advertisements
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Advertisement33 1995-06-17 16 :C Want to kncnP^ 1 what youiVi ■H ■>-~.. --> 11 Call •<»- j Jtnmp^ IJfjpanri lai|(y OH —7 II90(™E-0(I04 j?~"p 'VI '>v at 30 cents W a*. v a minute. Go Smart girls get GO33 words
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Advertisement63 1995-06-17 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-600-741-1883* FAX: 741-1298 Financial News ssss~ A Qwlcfc L—fc At TW Markets. Call 24 houri a day for SES A KLSE midday reports, ctoting world market reports and business newt Coat Nctaui wwn MRSliiie Aa SPH AudnTei Sana To crack the safe or enter Mrs63 words
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Advertisement38 1995-06-17 16 Tele-Games Crack the Safe Test your skill against our "Super Safe" Computer. Break the 4-digit Code within 10 tries. Or else, you'll be caught ...by our ever vigilant "Tele-Cop*. Co*. M«n i mw HFHine An SPH A«A«Ta Stnta38 words
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Advertisement27 1995-06-17 16 Home 4 Decor -For people who love their homes To crack the safe or enter Mrs Wizard's crysta} tall Telfe-Games #n 1900-911-0003, at 30 cents a minute.27 words
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Advertisement287 1995-06-17 16 IN THE MATTER OF THE COMPANIES ACT. CAP. 90 AND L. T. VENTURE FIT LTD (la Mwtai 1 Votaatary Uqaidatioa) At M Extraordfaary Oeaeral Mm<H of tto aboveaataed compaay daly ooaveaed aad hdd at 50 Jaiaa Saliaa #21-04 lalaa Saliaa Centre, Siappora 0719 oa 12* day of Jaaa 1995 following287 words
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Advertisement251 1995-06-17 16 Singapore Closing Share Prices 15/06/1095 CLOM PfWV LOW HKtH •llllf utt UU UN UN JanHno Mathooon 7.88 7.88 7.80 7M Pfifißl Jartlno 8lrato«lo 3.34 3.34 3.34 3.38 LXfiKJ OalryFafm 0.80 0.808 0.80 0.818 Hongkong Land 1.93 1.92 1.88 1.88 EEUUBti Mandarin Ortonta» 1.13 1.13 t.13 I>ls tor *no aiwrtaglo Warranto251 words
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Executive Lifestyle
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Article, Illustration1571 1995-06-17 17 Jay Khosla - Do we prefer to shop and dine in restored old buildings and outdoor spaces? Does it matter that the 'old' buildings are in fact replicas of what was once there? Jay Khosla susses out three new downtown developments to see if nostalgia and shopping1,571 words
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STRAWS IN THE WIND
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Article69 1995-06-17 17 JIMMY LAI, the former founder of the Giordano clothing label, explains why he called his new paper Apple Daily: "When Eve took a bite of the fruit in the Garden of Eden, all the news gossip and evil started. That's what allows us to sell newspapers now.69 words
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Article51 1995-06-17 17 SO YOU think having a handphone gives you an edge in life. Not so for the six robbers who hijacked a ferry in Hongkong and made off with a cash haul. According to the Hongkong papers, one of them left his handphone behind at the scene of the51 words
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Article71 1995-06-17 17 HERE are some "Michael Jackson Marriage Tips" from funnyman David Letterman: Mickey Mouse ears make a great birth control device. •Be considerate: try not to hog the monkey. Keep the moonwalking crap to a minimum. Apologise after saying something like "I wish I'd married the remains of the71 words
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OPINIONS
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Article, Illustration837 1995-06-17 18 LEON HADAR - LETTER FROM HEW YORK Every hour, it seems, the 'creative destruction' of capitalism reinvents The City That Never Sleeps LEON HADAR The writer is BT's Washington correspondent AS a former New Yorker who now lives in Washington, I am always amazed by the837 words
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434 1995-06-17 18 Peter Chia - LETTERS TO THE EDITOR Peter Chia manager, public affairs Stock Exchange of Singapore WE REFER to Amy Balan's article "DBS Securities' MD and ex-staff suspended, fined" (BT June 14, 1995). In the article, Ms Balan quoted a director of a brokerage firm as having questioned434 words
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Article, Illustration1062 1995-06-17 18 Henry Law - Henry Law head, public commercial services Slock Exchange of Hong .Kong Ltd I HAVE read the "Hang Seng Insight" articles written by Steve Vines which appeared in your newspaper on June 5, 7 and 8, 1995, and which are critical of The Stock Exchange1,062 words
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Article220 1995-06-17 18 Denis Distant - Denis Distant LAST Thursday, I attended Yeo Hiap Seng's AGM. After the meeting, chairman Michael Yeo introduced the resolution for re-election of directors as stated in the meeting's notice to shareholders. I queried him about the apparent absence of any representative of the two major220 words
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755 1995-06-17 18 Catherine Gaul - Catherine Gaul Catherine Gaul,- sales manager, Corndale Consultants Pte Ltd Singapore IN RESPONSE to N K Yong's article "A word of caution about wine merchants" in Business Times, June 3, our company, Comdale Consultants, a wine merchant firm in Singapore, has this response755 words
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Article335 1995-06-17 18 Lee Chuan Seng - Lee Chuan Seng IT SEEMS broking companies do not have a uniform practice for the delivery of share certificates. With some companies, one can leave the certificates with them after purchase for them to effect an internal delivery against a subsequent sale. No explicit335 words
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CORPORATE PROFILE
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Article, Illustration1993 1995-06-17 19 Chuang Peck Ming - Asia's corporate giants A fortnightly series When steel prices and profits started falling, Nat Steel moved into electronics, property and other activities. But MD Ang Kong Hua tells Chuang Peck Ming how he intends to put the steel division back in business, and turn the company into1,993 words
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Article741 1995-06-17 19 MANY stock analysts are understandably taking a dim view of Nat Steel after its 1994 profits fell far short of their expectations. But there are just as many who refuse to be disappointed and are staying upbeat about the steel group's prospects. "Despite the poor performance741 words
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380 1995-06-17 19 NATSTEEL, it would appear, has finally hit on a winning formula for its electronics business. After switching from making its own products to making parts for others two years ago, the steel group has turned around its loss-making electronics division. But for most of380 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration612 1995-06-17 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance, BZW, Baring, Credit Lyonnais, Daiwa, DBS, Fraser, G K Goh, Morgan Grenfell, Phillip, S G Warburg and Smith New Court. Buy! DBS Investment Research (Jun 16) STIC. Fast becoming a612 words
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Article, Illustration404 1995-06-17 20 Paul Schymyck - Paul Schymyck Regional Economist SBS HG Asia ut HE recently reI leased first quarter JL GDP growth and April export figures have led to some concern over the direction of the Singapore economy. But is a slowdown which some say has come sooner than expected inevitable? Or404 words
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Article, Illustration862 1995-06-17 20 Quak Hiang Whai - THE WEEK By Quak Hiang Whai The corporate scene is hotting up. And we have the Indonesians to thank. Speculation on healthcare and property group Parkway Holdings and infrastructure play Van Der Horst could soon reach feverish levels. Bambang Trihatmodjo, a son of Indonesian862 words
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Article, Illustration784 1995-06-17 20 Joyce Quek - Joyce Quek hunts for gems in the current lethargic market and finds analysts' choices to be DBS Land, STIC and Malaysian property counters Joyce Quek WITH TRADING volume in the stockmarket heading downward amid waning interest, what companies are still worth looking at?784 words
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Article, Illustration650 1995-06-17 20 Andrew Pearson - Eye on the region: Indonesia By Andrew Pearson The writer is research director ofPT Peregrine Sewu Securities THE RECENT rally has proven yet again just how quickly sentiment can turn and underlined how lamentably difficult it is to buy this market when itSource: Bridge Info - 650 words
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Article, Illustration926 1995-06-17 21 Paul Leo - f r i Paul Leo gets a few tips on KL stocks and palm oil from a practitioner of technical analysis Paul Leo DONT be tempted by the upturn in Malaysian stocks, Kuala Lumpurbased chartist and trader Fred TarnSource: PI Capital - 926 words
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Article, Illustration990 1995-06-17 21 Russ Soh - Check out the Rater test and you won't lose out, writes Russ Soh Russ Soh The writer is vice-president and general manager of Federal Insurance Co, a member of Chubb Group of Insurance Companies CHOOSING an insurance company policy to meet your particular needs can990 words
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Article, Illustration1444 1995-06-17 21 Donald Turner - Are regional funds in for a reversal of fortunes? Donald Turner finds out Donald Turner UNIT trusts rarely offer the unadulterated thrill of a successful punt on speculative stocks. More often than not, thrill has given way to disappointment in the past 18 months1,444 words
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Article, Illustration689 1995-06-17 22 KEVIN SULLIVAN - Book Review By KEVIN SULLIVAN First in His Class, A Biography of Bill Clinton By David Maraniss Simon Schuster 464 pages, $33.50 THE MORE you read about Bill Clinton, the more baffling he becomes. Clinton aides have tried since his inauguration to *spei the damaging but stubborn689 words
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Article, Illustration711 1995-06-17 22 SUSAN TSANG - Cinema Review By SUSAN TSANG DIE HARD /With A Vengeance begins with a bang with a bomb blowing up a department store. John McTiernan, smarting from The Last Action Hero, has returned, well, with a vengeance. The Arnie-powered flop bombed because it gave us too much711 words
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Article, Illustration1014 1995-06-17 22 Parvathi N Narayan - Frank Stella, Tom Wesselman, Roy Liechtenstein, Jaspeif Johns all these names and more a in Wetterling Teo Galleys latest edition. Parvathi N N™rayai repons _oy Lichtenstem. Jaspetfjohns all these names and more are being featured feo Gallery's latest exhibition. Parvathi1,014 words
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Article, Illustration676 1995-06-17 23 Corinne Kerk - Corinne Kerk learnsrmore about the usefulness and versatility of the humble bamboo Corinne Kerk IT IS SAID to be the fastest growing plant on earth, having been clocked shooting skyward at two inches per hour or four feet a day. It can replace many676 words
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Article, Illustration853 1995-06-17 23 Corinne Kerk - The 60-year-old CYC Shanghai Shirt Co is going all out to turn itself into a fashion statement for the '90s, writes Corinne Kerk Corinne Kerk IN THE same way that real men are not supposed to eat quiche, hip men do not wear CYC shirts.853 words
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SPORTS
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Article, Illustration803 1995-06-17 24 Golf US Open Scott Simpson is second on 67 NYT SOUTHAMPTON, New York As advertised, it was a Brit-ish-style US Open that got under way on Thursday at Shinnecock Hills. The course got firmer, the breezes came up, the greens got fasterNYT; Reuter - 803 words
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612 1995-06-17 24 Rugby World Cup Semi-Finals Reuter, AP JOHANNESBURG Pack leader Brian Moore promised New Zealand its toughest forward battle of the World Cup on Thursday after England had named an unchanged line-up for tomorrow's Cape Town semi-final. Moore, already sporting two black eyes afterReuter,; AP - 612 words
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SPORT SHORTS
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Article, Illustration98 1995-06-17 24 Reuter NEW YORK Pat Riley resigned as coach of the New York Knicks on Thursday following a disappointing season that saw the team eliminated from championship contention in the conference semifinals. In a statement released in New York. Riley said the resignation was effective July 15. His best seasonReuter - 98 words
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Article, Illustration137 1995-06-17 24 Reuter EDINBURGH Opener Stuart Williams staked his claim for a place in West Indies test side with a superb 132 from just 135 balls in the 47-run win over Scotland on Thursday. He led West Indies to 305 for eight from its 55 overs after fellow opener Sherwin CampbellReuter - 137 words
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Article, Illustration265 1995-06-17 24 SOUTHAMPTON, New York US$2 million US Open Ist rd Thursday (par-70, US unless noted): 66 Nick Pricc (Zim) 67 Scott Simpson 68 Greg Norman (Aus), Phil Mickelson 69 Masashi Ozaki (Jpn), JcfT Maggcrt. Fuzzy Zocller, Bill Glasson, Bob Tway, Steve Lowery 70 Gary Hallberg, Jay Haas, Vijay Singh (FijK265 words
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Article, Illustration125 1995-06-17 24 AFP BUDAPEST, Hungary International Olympic Committee president Juan Antonio Samaranch was rebuffed on Thursday in his bid to change the age limit rules to allow him to seek another term in 1997. A proposal to abolish the age limit for all lOC members failed to win the two-thirds majorityAFP - 125 words
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Article, Illustration96 1995-06-17 24 AFP STOCKHOLM Norway wiil meet Germany in the women's World Cup final here tomorrow, after both sides squeezed through their semi-finals on Thursday with 1-0 victories. Norway got its revenge on the US at Vaesteraas. while Germany defeated China at Helsingborg. Ann Kristin Aaroenes scored the only goal inAFP - 96 words
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Article, Illustration219 1995-06-17 24 LONDON Five of the top seeds, including holder Todd Martin and former champion Stefan Edberg, tumbled out of the London grass court championships in the third round on Thursday. The leading three seeds. Pete Sampras, Boris Becker and Goran Ivanisevic, all won but the carnage removed the fourth to219 words
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Article652 1995-06-17 24 Shahiron Sahari - Shahiron Sahari looks at what the remainder of the contest has to offer Shahiron Sahari TWENTY-EIGHT games after the kick-off about three weeks ago, four out of 16 teams are left standing for this weekend's semi-finals of the 1995 Rugby World Cup. There have652 words
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PEOPLE
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Article, Illustration185 1995-06-17 24 AT Taiwan-based Acer Inc's five-day Annual Distributor Meeting last week, chief executive Stan Shih outlined the firm's strategies as it enters its next phase of growth. Apart from continuing its push into the personal computer market, in which it now ranks number seven worldwide,185 words
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TIME OFF
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Article, Illustration772 1995-06-17 25 Shahiron Sahari - The delivery was simple, no lasers, no pyrotechnics. Yet the Gipsy Kings got the 4,000-strong crowd on their feet on Thursday, says Shahiron Sahari Shahiron Sahari THE GIPSY Kings had probably one of the easiest times of any act that has ever comePhoto by Kenneth Koh of The New Paper - 772 words
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Article57 1995-06-17 25 A Midsummer Night's Dream Presented by Act 3, this production seeks out the relevance of the Shakespearean play to our modern Asian lives with the Shakespearean language intact. Until July 21, 2.30pm 5.30pm at Drama Centre, Canning Rise. Tickets at $10. Block booking available now. For every 40 tickets57 words
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98 1995-06-17 25 Zhejiang Uttte Flowers Shaoxing Optra Troupe The first all-female opera troupe to emerge form China. As its name suggests, the members are all rather young in their 20s. Shaoxing Opera, which is sung in the Zhejiang dialect, appeals with its romantic stories, lyrical elegant music98 words
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Article57 1995-06-17 25 A Celebration in Musk A series of chamber music recitals by Singaporean musicians sponsored by Prontaprint Singapore to celebrate five years of service to the business community in Raffles Place. June 19-23. 12.15-1.30pm, OUB Centre Atrium. Piano Redtal Constance Keene will give a concert that includes works by Rachmaninoff57 words
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Article, Illustration821 1995-06-17 25 The Wirgman Engravings On display are hand-coloured engravings depicting life in the Far East in the years 1857-1887, taken from pen-and-ink sketches and watercolours by British artist Charles Wirgman (1832-1891). Last day tomorrow, Antiques of the Orient, #02-04, Tanglin Shopping Centre. Lyrical Compositions A joint exhibition of works by821 words
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Article179 1995-06-17 25 Communication, Culture and Development This conference, to be held in Jakarta, aims to evaluate the rapidly changing communication scene in Asia. Find out what the implications are in areas of communication that include print and broadcast media, advertising and PR. June 22 to 24. Registration fees; US$35O. Call Mr179 words
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Article269 1995-06-17 25 Pedigree Championship Dog Show 1995 Not necessarily for dog owners only. This dog show is for all who consider canines man's best friend. Competition events aim to test the dogs on obedience, agility and clearing obstacles. June 18, 9am at the World Trade Centre Hall 1. Entry charges: $4269 words
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Article107 1995-06-17 25 Animal Voices, Human Choices If we could talk to the animals, what would they tell us? There are many ways that we humans are mistreating animals without even knowing it. This exhibition hopes to make us more aware of our follies. Until June 24 at the Substation107 words
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Article145 1995-06-17 25 Toh Yong Choon - Compiled by Toh Yong Choon Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, Junction 8, Liang Court, Raffles City, Scotts, Specialists Centre, Takashimaya, Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are145 words
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EPICURE
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Article, Illustration843 1995-06-17 26 SHAHIRON SAHARI - Bon Appetit By SHAHIRON SAHARI FRENCH cuisine, unlike Italian and Mediterranean food, may not have caught on in a big way in Singapore, but there are still enough outlets around to satisfy diners with a penchant for French food. Le Bistro'T Neuf at Duxton HillPhoto by Arthur Lee - 843 words
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Article720 1995-06-17 26 N K YONG - Wine By N K YONG PART of the fun in buying wines comes from spotting winners among the also-rans. Of recent vintages I would put 1988 into that category. Although acknowledged to be the first of the great trilogy of 1988, 1989 and 1990, the720 words
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Article, Illustration569 1995-06-17 26 JAIME EE - By JAIME EE FOR MOST people, the definition of a really good burger would vary but for me, it's fairly simple. 1 just want a big one. A huge beef patty, medium rare, squished in a piping hot, sesame seed bun that doesn't collapse upon first569 words
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Article243 1995-06-17 26 THAI FOOD is booming in popularity here, thanks to the impact of tourism, but if you're tired of all that rich coconut, give Vietnamese food a chance. At Checkers restaurant in the Hilton Singapore, chefs from the Hotel New World in Ho Chi Minh City make full use243 words
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Article, Illustration1007 1995-06-17 28 A Goofy Movie. Goofy takes his reluctant teenage son on a fishing trip. Yishun: 11.25; 1.15; 6.30. Bishan: 11.15; 6.15. Pavilion: 11; 2.45. Hougang: 1; 5; 7. A Little Princess. Luscious story about a girl brought up in India. When her father goes to WWI, she goes to boarding1,007 words
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Page 17 Advertisements
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Advertisement45 1995-06-17 17 Mftyft LEONG jpMtiui|Bß MiMb 8F«2) X The Summer Palace at The Regent. A fine blend of cultural intricacies and Cantonese delicacies. PR^^^sjd /fe (Regent V. Singapore A Foub Seasons Regent Hotel THE REGENT. SINGAPORE. I CIISCADEN ROAD SINGAPORE 1024 FOR RESERVATIONS. JUST CALL 739 3<iBl45 words
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Page 24 Advertisements
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Advertisement137 1995-06-17 24 Abrn <1 Ityond B« Ud 1 MiHtiiw Squirt «2-tl)l E«(ki Catoway W: 2725J41 Coriiiu Wtldi Cmln P»t Ud WI-36 Raffia Oly Shopping Centre TH: *****85, Wl- C 32 Lucky Pla*aTd *****84 Deluxe Eastern Watch Pt« Ltd Wl-IS/SCentrepointTd: *****36 Jewellery lnduatriM<S> P»* Ltd 44 Alexandra Terrace jlSßtd|( (Off Pasir 'jjo lit137 words
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Page 26 Advertisements
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Advertisement21 1995-06-17 26 SHOTS a test in sea, air u WCr- anc transportation vi Times Monday to Friday \l SINGAPORE• f Business Times WEKHOWASIA21 words
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Advertisement103 1995-06-17 26 Our Hi Tea at ONIY $9.50 offers you more sumptuous spread of afternoon delights. Indulge in steamy-hot 'dim sum' or delicious home made cakes and pastries. New items like sushi and popiah will also keep you coming back for more fJL—^ For reservations, please call *****28, ext. 2384/2390. cMuif.fim Weekend103 words
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Advertisement49 1995-06-17 26 BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Company Party Product Launch Dinner Oance or just anything you can imagine. We got everything you need to make your event a memorable The Entertainment Zone where the FUN never ends Singapore 1130 Tel: 356 113649 words
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Page 27 Advertisements
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Advertisement294 1995-06-17 27 K JI I' ]M »11J WHERE TO WINE, DINE AND ENTERTAIN TH€ MOST ALfTHemC ITRUfIN PflSTfl PIZZA IN TOWN T" CBltfrßT^ I NOW OPEN!) I PASTA FRESCA DA SALVATORE PTE 1 77 Uppw East Coasf Rood #01-01/02 S(IS4S) I™***°! 1*******0/*****74 First Impresssion is The First Impression Bottles of selected liquor294 words
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Advertisement277 1995-06-17 27 1 "UCjujli Qea starts at I fJtiitjh Q(fWtt j I Dou'l miss our drlidous Ili|>h Tea Buffet I available trum 12 UtfUll ly s|>Jll every weekend. I I Price: $13.H0 (adult) $8.80 (child) j I A La Carte Menu ik also available. I All p K.-s aw .Hibf.M 1.1 Itr*.277 words
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Advertisement465 1995-06-17 27 DIALECT HI-TEA Tq^gg, M Whether you re fluent in many languages or just one SXL ta pr blems a PP r eciating our new weekend Lhalect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting I V "°i enOUgh our Dia,ect Hi-Tea also includes karaoke at465 words
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Advertisement285 1995-06-17 27 fancy Heijing? 1 I Then, we're delighted to suggest the Tine I Court for a memorable dining experience. 1 Our (unch menu offers a variety of J dian 'Beijing dumplings, a selection 1^ I of set menus, and 'Beijing specialities HmA such as "Beijing ©uc£, BaHgd Tench and Pg—C—tT I285 words
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Page 28 Miscellaneous
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Miscellaneous2090 1995-06-17 28 TODAY'S TV KUTTrTSTnTS s n 700 b®"**s«masa,AßN. «&?*<•* feZfflKltt* ,su Sema« J A 8.00 Berita Semasa. Cikgu Romanbk, 4pm, Ch 12 Germany Live, 6.30pm, Ch 12 W f 8.02 Sarapan Malaysia. Light comedy about a young Visit the Swabian highlands, u>-, 8.30 Majalah Wanita. country girl Azizah who starts north2,090 words
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Miscellaneous256 1995-06-17 28 radio Composer Of The Month, BBC, three-part documentary series Saturday, 1.30pm takes a closer look at how the What makes for a successful troubled Anglo-Irish relationmadrigal? We get some an- ship has developed in the past swers* in this month's study of two generations. J madrigal composers We hear The256 words
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