The Business Times, 17 August 1996

Microfilm: NL20626
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 04(V12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, AUGUST 17-18,1996 85e
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  • Article
    MARKET SUMMARY
    49 1 m 2100.43 (+0.56) BTOOMP amua (+0.70) PJ BT-KGA mm 1036J4 (-1.01) woci aura mihceb Friday Change JOSE COUP 1,182.99 *€M NIKKEI «8MM -***** ■AMOSKNO 11,176* +17M IUMLACi5IP__4108.7 Z3l417 TAIPH VP! 4642 8BOCLCOMP 814JI -1148 CUMCHBU8 8S9M +L99 AUST ALLOW) 1,W I pa EDT Ckmgt DOW £***** *1119
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  • Article
    FINANCE
    70 1 nouns tins ust s$ W 1.419 t LSM llffi Ml— U71 U47 YEKMi IJ28 UN ■I Mil MM mti HU9 tin BWTT MM MM IHPttI 1* MM MM nmiiSBB SINGAPORE* 144 KUALA LUMPUR A1& JAKARTA I 18.M BANGKOK 1175 MANILA 14.50 WNOKONO .8.75 TAIPEI .8.00 SYDNEY ..18.75 TOKYO 1m
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  • Article, Illustration
    Lock icon Sinar Mas to rescue Amcol at $1.88 a share
    634 1  -  —a Amcol Indon group to pay 'princely premiam' and iqject assets worth USs2b By Catherine Ong [SINGAPORE] Indonesia's Sinar Mas group has emerged as the white knight to rescue beleaguered Amcol Holdings in a deal which values Amcol shares at $1.88
    ERIC CHU  -  634 words
  • Article
    A second offer is highly unlikely: judicial managers
    418 1  -  Shareholders have only one chance to get it right By Catherine Ong [SINGAPORE] Amcol shareholders were yesterday told they face no choice when deciding whether to accept a $645 million offer by the Sinar Mas group to save their company. "The shareholders,
    418 words
  • Article
    Cycle & Carriage shifts gear
    350 1  - Cycle Carriage shifts gear New style sales team breaks with industry convention Byy Christopher Tan [SINGAPORE] Motor distributor Cycle Carriage has formed a "high salary, low commission" sales team for Mercedes-Benz a move that defies industry convention. The pilot group, consisting of five existing sales staff and four who are
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  • Article
    Amcol shareholders unlikely to spurn offer
    527 1  -  Despite the losses they will suffer, deal is better than what most had dared hope for, says Lm Ban Lee Han Shih AFTER weeks of high anxiety, holders of Amcol shares and warrants are finally to be given an offer that values their shares
    527 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      140 1 nwaoß KB Shall we duce? A ooming-of-age party or just a rich kids' night out? The organisers and the young women and men in tonight's Debutante Ball say what they feel, ELI MEWS VALUE i r.rif HNktaMmM, w?. Interesting numbers, considering that Marco Polo has a market cap of just
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    • Advertisement
      Page 1 Advertisements Column 2
      7 1 A Singapore-listed present for Widjaja, Pg 7
      7 words
    • Advertisement
      Page 1 Advertisements Column 3
      238 1 2/ rt 9Ua iA P^^l/& Bfe I f HP®V"B sHfe.tf H •->- X S$ 616.97 >. linduim of GST) &&Y tfr /T/Y What's more, if you need to access DOS, you can MSIM 1 do so through Windows* O T *Z™ advantage of the power of Windows* All this, of
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Young S'poreans better off now than before: SM Lee
      478 2  -  Regional and international settings have never been more favourable By Teh Hooi Ling YOUNG Singaporeans today have a brighter future than their parents ever did, as the regional and international settings have never been more favourable in East Asia, Senior Minister
      478 words
    • Article
      Sony to make cathode-ray tubes for computers
      242 2  -  By, Jennifer Lien JAPAN'S Sony Corp is investing more than two billion yen (5526.1 million) here to produce cathode-ray tubes for computer monitors. It will set up a new manufacturing line at its Tuas subsidiary, Sony Display Device Singapore (SDS). This new line
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    • NEWS Roundup
      • Article
        Ship causes oil leak in port waters
        75 2 THE Maritime and Port Authority of Singapore yesterday said that a vessel located outside port limits was responsible for the oil leak in the morning that affected the port waters off the south western sector of Singapore. It said most of the oil
        75 words
      • Article
        Bankers hail Tony Tan's suggestion
        86 2 THE Association of Banks in Singapore has welcomed Deputy Prime Minister Tony Tan's suggestion that the banking sector organise an international conference aimed at further developing Singapore as an international financial centre. In a statement yesterday, the ABS said that "we will discuss the proposal
        86 words
      • Article
        Corrections and clarifications
        94 2 IN yesterday's story headlined "Pidemco buys two properties in St Martin's Drive", the wrong picture was used. It showed 22, St Martin's Drive, and not St Martin's Mansion as was intended. AND in the story "Sing Net fined $5,000 for service lapse", the fine imposed by the
        94 words
    • Article
      Big retailers, Case confirm household goods prices stable
      342 2  -  Figures back op govt data; cost review panel told some prices actually fell Reports by Chuang Peck Ming TWO giant retailers, Emporium Holdings and NTUC FairPrice, as well as consumer watchdog Case yesterday confirmed official figures showing that prices of essential household
      342 words
    • Article
      Good things in life coming earlier to young
      193 2 YOUNG Singaporeans are doing better than they think they are owning homes and cars earlier in life than their parents did, government chief statistician Paul Cheung told the Cost Review Committee yesterday. "They're already acquiring a middle-class lifestyle," he said. Among those
      193 words
    • Article, Illustration
      Lock icon A used fire engine, anyone?
      206 2 FIRE engines, personal computers and baggage trolleys were just some of the items for sale at the public auction held by the Civil Aviation Authority of Singapore (CAAS) yesterday at its central store at Changi. On auction were a range of vehicles, aviation equipment and
      ERIC CHU  -  206 words
    • Article
      Turkey offers to be S'pore's springboard to Central Asia
      251 2  -  By] Kevin Sullivan SINGAPORE firms can use Turkey to access expanding economies in Central Asia and the Balkans, Turkish Prime Minister Necmettin Erbakan said yesterday. Addressing a business forum jointly organised by the Trade Development Board, the Economic Development Board and
      251 words
    • Article
      Nets tests cashless payment kiosks
      242 2  -  By Soh Tiang Keng THE Network for Electronic Transfers (Nets) yesterday launched a two-month field trial of a move to provide consumers here with more cashless payments options. The company has installed 12 kiosks in shopping centres and major housing estates that will allow people
      242 words
    • Article
      CEHA examiners change format in bid to raise pass rate
      368 2  -  By Abdul Hadhi THE board of examiners which conducts the monthly Common Examinations for Housing Agents (CEHA) has modified its exam format in what the industry sees as an attempt to shore up the pass rate. Introduced this month, the
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  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      213 2 100 MILLION BUSINKSS EDUCATIONAL GROUP We are a leading international company, registered in Holland, with headquarter* in Germany and Barcelona, established for 24 yean and with over 160 franchised schools at in Europe, Centre end South America. Wb sre also owners of the copyright snd publishers of the moot advanced
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    • Advertisement
      Page 2 Advertisements Column 2
      8 2 Home Decor For people who love their homes
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      497 2 CRYPTIC CROSSWORD 7 Looking forward to a birth--8 Was endlessly told to praise 10 After ten, wise-sounding better half had the bone-scraper j 1 j 1 I 1 I 1 I j j 11 Only Tex and I could arrange the cellulose plastic (8) j j P < I 12
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  • FOCUS: PERSONAL FINANCE&INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        36 3 Those polled for their views on next week's Singapore stock market outlook are: Alliance, Daiwa, Deutsche Morgan Grenfell, GK Goh, Ing Barings, Merrill Lynch, Nomura and Phillip Securities. Figures denote number of respondents
        36 words
      • Article
        Ecan Intenutainal
        133 3 ♦(Hold) DBS Investment Research Aug 16, Si.50 With the successful takeover of Econ by the Pribadi-led consortium Yenville, the company has installed a new management team which is in the process of re-shaping the destiny of Econ. Given the critical connections brought about by its new owners, the
        133 words
      • Article
        tag Leoag Fbaace
        109 3 ♦(Trading Buy Foreign) OCBC Investment Research, Aug 15, $4.66 Under current market conditions, HL Finance (F) is probably the only finance company stock worth investing in as it is the most liquid stock in the sector and the group is the largest finance company in Singapore. The
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      • Article
        TangkuJi HohKwgn
        151 3 ♦(Accumulate) Merrill Lynch, Aug 15, Mf4.06 New Internet business, Asia Connect (AC), shows tremendous potential. By aggressive implementation of the latest internet technology, AC is, in our view, the most advanced Internet website solutions provider in Malaysia. Recognition has come through AC being chosen to spearhead the M$500
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      • Article
        Untitled
        76 3 ♦(Me profits) Summit Research, Aug 14. $1.10 We have revised downwards our projected FY96 and FY97 net profit to $4.2 million and $5.4 million respectively. It is time to take profits on this counter because the share price has run up 23.6 per cent since our last recommendation to buy
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      • Article
        MUk Baak Bhd
        174 3 ♦(Buy Local, Hold Foreign) Jupiter Securities, Aug 16, M 53.20 local, Mss.ooforeign PBB has finally shed its conservative approach in the competitive banking circle by developing a huge appetite for lending. Total deposits are expected to grow given the current high interest rate scenario. However, loans growth
        174 words
      • Article, Illustration
        In My Opinion
        457 3  -  Manmindar Singh l—i f Mo>rC^ (Stagipori) 4 jl OLLOWING the H deregulation package X of October 1968, Indonesia has been pursuing a policy of gradual depreciation of the rupiah. The key objectives of this policy are two-fold. First, a gradual depreciation of the rupiah helps to reduce
        457 words
    • Article, Illustration
      Do firms value investors?
      1045 3  -  Sadly, not much, according to analysts who rated S'pore companies in a BT poll By, Lee Yoke Har [SINGAPORE] HOW a company handles its relationship with its investors is a mirror of how much value the management places on people buying shares in the company. And
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    • Article, Illustration
      Stocks hit by investors' wait-and-see stance
      425 3  -  EYE ON THE REGION: MANILA Bat flow's the time to invest in undervalued shares, say analysts From. Al Labita in Manila POOR market sentiment has dragged down Philippine shares, but analysts say this should spur investors to selectively accumulate undervalued stocks. Anscor Hagedorn Securities,
      425 words
    • Article
      Simex Challenge II kicks off
      424 3  -  Futures trading game attracts broad mix of players in 687 teams By] Paul Leo [SINGAPORE] A total of 687 teams or 2,018 participants will get to experience the thrills and spills of trading in the fast-moving world of financial futures over the next two-and-a-half weeks
      424 words
    • Article, Illustration
      Lock icon Index slumps to year's low in July
      388 3  -  OOLFDIDEZ By Shahiron Sahari [SINGAPORE] The Business Times Golf Index fell in July, making it the second consecutive month of decline since a mini recovery ended in May. The index, which tracks advertised prices of eight Singapore golf and country clubs, fell by
      ALLAN  -  388 words
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  • SHIPS IN PORT
    • Article
      CONVENTIONAL WHARVES
      723 4 Vtud Voy No tartk Arrive C*tpirt urv JM| M An&anqS SA/96 J03 HonfUt) 16 08/0400 SMm Ntiryj *****6 J02 atoaqsidt tT.O«/2IOO Irattor Sato I JO* Mnqsrtc 17.01/2300 M J 6/96 J01 atoaqsJdt 16.08/0400 CAayi *****6 J01 Honqsida 16.06/0800 KlJayali 020*96 J01 MoqwK H.08/V400 K LMUri 9/96 J01 HoigMi
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    • Article
      CONTAINER SCHEDULES
      1653 4 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Booklng/Batonc* Rstts SMp Voy No Ctfc/Btr Nrtod From To From Aci A<hk«< 0194 H/07M M/HM M/MM 14/1900 2* 16/1700 17/0659 17/0900 1 17/0700 17/09 17/MM 4 17/1200 17/MM 17/1700 MUM MM IVUOO tt M/BM VUI M/HM M/BM M/MM WMO U
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  • REGION
    • Article, Illustration
      Lock icon Don't tamper with existing political system: Suharto
      408 4  -  Mo need to tinker with it just to fulfil the ambitions of indhridn&ls, he says JAKARTA Reports by\ S N Vasuki PRESIDENT Suharto yesterday stressed that Indonesia's existing political system had served the country well, and there was no need to tinker with
      AFP  -  408 words
    • Article
      Govt taking steps to cool overheating economy
      203 4 PRESIDENT Suharto yesterday said the Indonesian economy still faced the threat of overheating but the government was taking steps to lower the "economic temperature". Delivering the annual state-of-the-nation address to Parliament, he said two indi- cators of an overheated economy in Indonesia were
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    • Article
      Lock icon Govt arm in M$4b venture to produce electrical goods
      414 4 DrM's brainchild, MEC City, is aimed at reducing imports KUALA LUMPUR AFP PRIME Minister Mahathir Mohamad said yesterday Malaysia had embarked on an ambitious multi-billion-dollar venture to locally produce electrical goods to reduce imports. Dr Mahathir did not give details, but
      AFP  -  414 words
    • Article
      Lock icon Vietnam to speed up privatisation
      173 4 HANOI AFP VIETNAM has announced new procedures that it hopes will accelerate the sluggish pace of privatisation of stateowned companies a key part of the country's economic reform programme, reports said yesterday. Prime Minister Vo Van Kiet signed documents setting up a framework of special
      AFP  -  173 words
    • Article
      No reversal of Japanese FDI into Asia, say officials
      485 5  -  Despite moves by Matshoshita, Aiwa to move work from M'sia and elsewhere in Asia back home TOKYO By, Anthony Rowley JAPANESE audio equipment maker Aiwa Company and electrical giant Matsushita are to repatriate production of some electronic goods from Malaysia and
      485 words
    • Article
      Lock icon US$3b China power project called off
      192 5 TAIPEI Reuter TAIWAN'S Formosa Plastics has called off its proposed US*3 billion (554.2 billion) power plant project in China, the economics ministry said yesterday. "It will apply again after the government issues further regulatiorts (bin China investments)," said the statement issued by the ministry's
      Reuter  -  192 words
    • Article, Illustration
      Lock icon Alan Bond convicted of corporate fraud
      159 5 PERTH AFP FORMER high-flying Australian businessman Alan Bond was convicted of corporate fraud here yesterday. After deliberating for more than 11 hours, a District Court jury convicted Bond, 58, of four charges relating to the impressionist painting La Promenade, by Frenchman Edouard Manet. He
      AFP  -  159 words
    • Article
      Lock icon China to speed up low-cost housing to boost economy
      385 5 BEIJING Govt's new package includes 5b yuan in loans to build cheap homes Bloomberg Business News Reuter CHINA unveiled a package of measures to speed up homeownership, part of an effort to reverse three years of slowing economic growth. According to
      Bloomberg Business News; Reuter  -  385 words
    • Article
      Lock icon New govt's budget aims at surpluses – without tricks
      299 5 New govt's budget aims at surpluses without tricks CANBERRA Reuter AUSTRALIA'S new conservative government plans to inaugurate a new era of tight fiscal management next week with a budget aimed at achieving honest surpluses without accounting tricks such as asset sales. Tuesday's budget will be the second big assault in
      Reuter  -  299 words
    • Article, Illustration
      Lock icon Not-very-neigh-bourly behaviour
      64 5 [MELBOURNE] An estimated 70 striking factory workers, who breached a picket lineoutsidea bottle-making plant owned bv British conglomerate BTRplc, attacking mounted police yesterday. The picture was taken off television. The strikes centred on Australia's traditional industrial state of Victoria, where a major oil refinery, car plant and bottle-making
      REUTER  -  64 words
    • Article
      Weak Q2 seen as major export sectors report negative growth
      409 5  -  HONGKONG Govt's economic forecast for year likely to be revised downwards By < Quak Hiang Whai HONGKONG yesterday saw fresh evidence of a weak second quarter with the release of data showing sluggish domestic exports. With all the four major
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    • Article
      Lock icon Govt to divest 51% of ailing Indian Airlines
      302 5 NEW DELHI AFP THE Indian government is planning to divest 51 per cent of its equity in state-run Indian Airlines and inject US$225 million (SS3I7 million) in the ailing domestic carrier in a bid to turn it around, officials said yesterday. "The
      AFP  -  302 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      367 5 Doctors prescribe a weekly dosage of The Straits Times Weekly Edition to keep home sickness at bay. r Are you following doctors' orders? m You may be a Singaporean going overseas and j m want to stay in touch with home. You may have jjUDSCrivC fIOW and H children studying
      367 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Dole on the roll – support from voters rising
      526 6  - Dole on the roll support from voters rising WASHINGTON I j^Raceforthe White House jm mm Cuts Clinton's lead in polls by half with promises of simpler tax, better education, less crime By. Leon Hadar REPUBLICAN presidential nominee Bob Dole appears to be strengthening his popularity among American voters and improving
      REUTER  -  526 words
    • Article
      Lock icon German-US group blasts sanctions against Iran, Libya
      303 6 FRANKFURT Reuter A LEADING German-Ameri-can business group yesterday bldsted Washington for a controversial law imposing sanctions on companies and states that do business with Iran and Libya, saying it could spark a trade war. The American Chamber of Commerce in Germany, the main
      Reuter  -  303 words
    • Article
      Lock icon Crash still a puzzle
      126 6 NEW YORK Reuter INVESTIGATORS know more about the mysterious crash of TWA Flight 800 than they did four weeks ago, but the cause of the disaster that killed 230 people is still "an enormous puzzle". Daily, officials recite the three prevailing theories of what caused the
      Reuter  -  126 words
    • Article
      Lock icon Bundesbank continues psychological game on rates
      467 6 FRANKFURT Reuter THE Bundesbank, aiming to lift Germany's economy now that inflation looks firmly under control, this week renewed its campaign to convince markets that an interest rate cut is just around the corner. Central bank watchers yesterday said the bank was clearly aiming
      Reuter  -  467 words
    • Article
      Lock icon US economy seen slowing down after growth binge
      507 6 WASHINGTON Congress forecasters far more downbeat than White House, private economists Reuter THE main forecasting arm of Congress predicted on Thursday that the economy would cool down in coming months and remain slow through 1997 after what it called the recent "binge
      Reuter  -  507 words
    • Article
      Lock icon Housing starts down for 3rd straight month in July
      364 6 WASHINGTON Reuter CONSTRUCTION starts on new homes dropped for a third straight month in July, the Commerce Department said yesterday, as costlier mortgages put a drag on the housing market. Total starts dropped 1.3 per cent to a seasonally adjusted annual
      Reuter  -  364 words
    • WORLD Watch
      • Article
        Lock icon Looking to improve the Internet
        62 6 Reuter [WASHINGTON] The National Science Foundation announced 13 grants to US universities on Thursday for the development of technologies that could dramatically improve the Internet of the future. Each of the 13 schools will get U*****,000 (*****,500) for research projects and access to the NSFs
        Reuter  -  62 words
      • Article
        Lock icon UK govt borrowing has July surplus
        74 6 Reuter [LONDON] British government borrowing shifted back into the black in July with a surprise £1.66 billion (553.6 billion) surplus as income from energy privatisation and a flood of tax revenue swelled state coffers. The figures, released yesterday, were much better than financial markets
        Reuter  -  74 words
      • Article
        Lock icon Central bank bolsters S African raud
        56 6 Reuter [JOHANNESBURG! South Africa's Reserve Bank, fighting to save the plunging rand, pulled the currency back from the abyss in volatile dealings yesterday. The rand moved to a new all-time low of4.5700 against the US dollar in early trade but recovered three US cents
        Reuter  -  56 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      116 6 DOOMESBURY By Garry Trudeau I JUST PONT UtHAPONe.I N0... NO 'I GET fT. KIM 1 f BUT I NEBPEP I ITUJASFArrH- TDLPVOU 7 WU NEVER HMM... BETTER JF] (OHATHAP- A REAL ONE, LBSG ANP ISENT HJHAT 7 EVEN AC' I 6 LOSE TH&S6 PENEPTOOUR TOO, HIKE. WS YOU COULP'VB YOUTMEE
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  • COMPANIES & MARKETS
    • Article
      Marco Polo expects $2b proceeds from Ardmore Park
      356 7  -  HO Units in condo project likely to be sold in 2nd half of 1997; prices will be higher: MD By. Abdul Hadhi [SINGAPORE] Marco Polo Developments expects to rake in gross proceeds of up to $2 billion from its Ardmore Park condominium
      356 words
    • Article
      PacCan in can-making joint venture with Qarira Hldgs
      177 7 [SINGAPORE] Pacific Can Investment Holdings is forming a joint venture with Qarira Holdings to carry out a canmanufacturing project in Malaysia. PacCan yesterday said its 70 per cent-owned subsidiary, Pacific Best, will own 65 per cent of the Malaysian joint venture and
      177 words
    • Article
      S'pore firms in Myanmar venture
      189 7 [SINGAPORE] A new healthcare company Pacific Medical Systems Pte Ltd (PMS) has been formed by three Singapore companies and the Myanmar Growth Fund Ltd. Mainboard-listed United Engineers (UE), one of the investors, said yesterday that it had taken a 20 per cent stake through Medical
      189 words
    • Article
      SembCorp launches massive fund-raising exercise
      426 7  -  Proceeds will be for investments that will pay off in 3-5 years By Rahita Elias [SINGAPORE] SEMBAWANG Corp (SembCorp) has launched a massive fund-rais-ing exercise through a proposed issue of SS3SO million redeemable cumulative preference shares (RCPS) and a US$3OO million (***** million) multi-currency mediumterm
      426 words
    • Article
      CMB to provide $4m for unit's wind-up
      210 7 [SINGAPORE] Packaging group CarnaudMetalbox Asia will provide $3.9 million to facilitate the winding up of its associate's operations in Hongkong and Shenzhen. The associate is CarnaudMetalbox (HK) Holdings Ltd, in which CMB Asia has a 25 per cent stake. CMB said the $3.9
      210 words
    • Article, Illustration
      A Singapore-listed present for Widjaja
      570 7  -  Amcol would be logical choice as regional HQ for his far-flung businesses By Lee Han Shih [SINGAPORE] If all goes well, Eka Tjipta Widjaja will celebrate his 73rd birthday with the addition of a Singaporelisted company to his already huge empire. Technically speaking, whether his
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    • Article
      Hai Sun Hup buys Sydney building for A$40.5m
      413 7  -  By] Diana Oon [SINGAPORE] DIVERSIFIED shipping group Hai Sun Hup has added yet another property to its hotel chain in Australia, this time paying A 540.5 million (5544.6 million) for Caltex House in Sydney. Hai Sun Hup, which saw a $69 million
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    • REGIONAL COMPANIES
      • Article
        Indofood interim earnings jump 30% to 166b rupiah
        398 8  -  Profit at S&lim Group food giant comes on back of hefty 80% surge in sales From\ S N Vasuki in Jakarta PT INDOFOOD, the food giant owned by the Salim Group, has reported a 30 per cent rise in interim net earnings
        398 words
      • Article
        Lock icon Antah to buy 19.8% stake in Hwang-DBS for M$297m
        320 8 Purchase will enable it to diversify into stockbroking Bernama [KUALA LUMPUR) Antah Holdings Bhd has accepted an offer from Syarikat Pesaka Antah Sdn Bhd (SPASB) to buy over its 19.8 per cent stake in Hwang-DBS (Malaysia) Bhd for M 5297 million
        Bernama  -  320 words
      • Article
        Lock icon Kwong Yik Bank group's pre-tax profit up 27.2%
        260 8 Bernama [KUALA LUMPUR) Kwong Yik Bank Bhd's group pre-tax profit rose 27.2 per cent to M 5145.139 million (5582.08 million) for the year ended June 30, 1996 from M 5114.081 million. Announcing its audited results here yesterday, the bank said its pre-tax
        Bernama  -  260 words
      • Article
        Lock icon Nepline denies being KPB takeover target
        187 8 Reuter [KUALA LUMPUR] Malaysian shipping firm Nepline Bhd said it had no knowledge that it was being targeted for takeover by major haulage company Konsortium Perkapalan Bhd. Nepline said in a statement late on Thursday that both its majority shareholders, Nik Mohd Zain and
        Reuter  -  187 words
      • Article
        ST Capital buying Jurong industrial site for $5m
        220 8 [SINGAPORE] ST Capital, the financial services arm of the Singapore Technologies group, is buying an industrial plot in Pioneer Sector 2 in Jurong for $5.1 million to run its vehicle rental business. It has signed an option to buy the 28,164 sq
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      • Article, Illustration
        Lock icon Foreigners can put US$38b more into Taiwan stocks
        192 8 Reuter [TAIPEI] Foreign investors have poured U559,519 billion (5513.4 billion) into Taiwan's stock market and can invest a further U5537,959 billion before hitting an official ceiling, the central bank said yesterday. Foreign investors are allowed to invest a total of U5547,478 billion
        Reuter  -  192 words
      • Article, Illustration
        Thai Airways Q3 net profit triples
        337 8  -  Improved revenue and sale of two aircraft contribute to 588 m baht profit FYoin Loh Hui Yin in Bangkok THE sale of two aircraft and improved revenue jacked up Thai Airways' net profit to 587.8 million baht (5532.7 million) in the third quarter, compared
        337 words
      • Article
        Lock icon Shangri-La Asia interim profit up 36.6%
        298 8 Bloomberg Business News [HONGKONG! Shangri-La Asia Ltd, which owns and manages luxury hotels in Asia, said its net profit rose 36.6 per cent for the six months ended June, boosted by an increase in room-occu-pancy rates. Net profit attributable to shareholders rose to HK5502.48
        Bloomberg Business News  -  298 words
      • Article
        Parkway unit now a joint venture
        130 8 [SINGAPORE) Parkway Holdings yesterday struck a deal that turns its subsidiary, Gleneagles International Laboratory Services Pte Ltd (Gils), into a 45 per cent associate. The company said the medical services subsidiary, which was formed recently, would now be a joint venture. Its partners are
        130 words
      • Article
        JG Summit's interim net profit up 11% on 25% rise in turnover
        329 8  -  From, Al Labita in Manila JG SUMMIT, the listed flagship of taipan John Gokongwei, yesterday reported a 11 per cent jump in first-half net profit to 1.47 billion pesos (Ss79 million). The company also reported an extraordinary gain
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      • COMPANY Briefs
        • Article
          Sampoerna's Transmarco transactions
          56 8 [SINGAPORE] Indonesian tobacco tycoon Putera Sampoerna has reduced his stake in Transmarco marginally by 200,000 shares to 5.2 million shares which represent 18 per cent of the company. Mr Sampoerna's company, Miel Investment Corp, sold 400,000 Transmarco shares for $2.43 million on Wednesday and bought 200,000 Transmarco
          56 words
        • Article
          L&M units in M'sian property venture
          71 8 [SINGAPORE] L&M Group Investments' wholly owned subsidiary, L&M Properties, and its Malaysian associate, L&M Geotechnic, have formed a joint venture with Penas Holdings to undertake property development projects. The new Malaysian-incorporated company, Isawaris Sdn Bhd, has an authorised share capital of Msloo,ooo (5556,550). L&M
          71 words
        • Article
          ST Aero asks for trading suspension
          44 8 [SINGAPORE] Singapore Technologies Aerospace has requested that its shares be suspended from trading on Monday pending the announcement of its 1996 interim results. Both ST Aero's local and foreign tranches were unchanged yesterday at $1.70 and $1.85 respectively.
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        • Article
          No reason for rise in share price: UPP
          59 8 [SINGAPORE] United Pulp Paper has told the Stock Exchange of Singapore that it is not aware of any reason for the sharp 25-cent rise in its share price and turnover on Thursday, during which 3.26 million shares were done. Yesterday, UPP rose
          59 words
        • Article
          SES queries ABR on price rise
          39 8 [SINGAPORE] The Stock Exchange of Singapore yesterday queried Sesdaq-listed ABR Holdings on the sharp increase in its share price and turnover. ABR yesterday rose 22 cents to $1.89 with 1.76 million units done.
          39 words
        • Article
          Lock icon SRC repairs crude distillation unit
          60 8 Reuter [SINGAPORE] Singapore Refining Company (SRC) in which listed Singapore Petroleum is a partner has repaired its 60,000 barrel-per-day (bpd) crude distillation unit (CDU) without having to shutdown or reduce throughputs, a spokesman said yesterday. On July 24, an industry source said SRC intended to
          Reuter  -  60 words
        • Article
          Lock icon MUI up on Pengkalen takeover
          56 8 Reuter [SINGAPORE] Malaysian over-the-counter stock Malayan United Industries (MUI) rose yesterday after the mandatory offer of its parent company, MUI Bhd, for a controlling stake in Pengkalen Holdings was accepted, brokers said. MUI closed at $1.11, up 10 cents, on the Singapore stock market with
          Reuter  -  56 words
    • INTERNATIONAL COMPANIES
      • Article
        Silicon Valley stocks follow HP down
        291 9 [PALO ALTO, California] Stocks of Silicon Valley companies fell for the fifth time in six sessions, led by HewlettPackard Co, which reported lower earnings for its fiscal third quarter. Hewlett-Packard posted the biggest decline, dropping 3Vi to US$4O. The entire loss was recorded after
        291 words
      • Article
        Lock icon Ericsson interim profit up 31% on 35% rise in mobile sales
        491 9 Performance defies state of mobile phone industry worries FT [COPENHAGEN] Ericsson, the Swedish telecoms group, on Thursday defied worries about the state of the mobile telephone industry. It reported a 31 per cent increase in profits in the first
        FT  -  491 words
      • Article, Illustration
        Lock icon HP posts 26% drop in third qtr earnings as order growth slows
        563 9 Shares fall sharply in after-hours trade as results catch Wall St by surprise Bloomberg Business News [SAN FRANCISCO] HewlettPackard Co on Thursday reported a 26 per cent drop in third-quarter profits, reflecting a larger-than-expec-ted slowdown in order growth
        Bloomberg Business News; Source: Bloomberg; JEN CHUA  -  563 words
      • Article, Illustration
        Lock icon A brief affair
        74 9 [RIO DE JANEIRO] Wagner Peres of Citibank reporting back to the company headquarters on the action at the bourse in Rio de Janeiro on Thursday, during the selloffofNacional Energetica, a former unit of failed bank Banco Nacional. The auction lasted only four minutes, after it failed to
        REUTER  -  74 words
      • Article
        Lock icon SEC seeks US$2.6m from insider trading case accused
        264 9 Bloomberg Business News [WASHINGTON] The Securities and Exchange Commission is seeking a total of US$2.6 million (553.66 million) from a senior Swiss banking executive and eight other European "entities" accused of insider trading on Praxair Inc's 1995 bid to acquire CBI Industries
        Bloomberg Business News  -  264 words
      • Article
        Lock icon Cleaning group ISS suffers 2b Danish kroner loss
        274 9 FT [COPENHAGEN) ISS, the world's largest contract cleaning company, yesterday revealed it had suffered a bigger than expected loss of 2 billion Danish kroner (Ss49l million) in the first half of the year as a result of a false accounting scandal at
        FT  -  274 words
      • Article
        Lock icon Sears buying hardware store chain for US415m
        280 9 Bloomberg Business News [HOFFMAN ESTATES, Illinois] Sears, Roebuck Co said it would buy Orchard Supply Hardware Stores Corp for US$4l5 million (SssBs million) in cash and assumed debt to help expand its fast-growing chain of hardware stores. Orchard Supply's 60 stores in California
        Bloomberg Business News  -  280 words
      • Article
        Lock icon Hanson's Millennium takes poison pill defence measures
        430 9 Protective move taken because of geographical shift in shareholder base FT [LONDON] Hanson has endowed its US-based MUlennium Chemicals with a "poison pUI" in an effort to protect it from an opportunistic bid after the conglomerate's four-way demerger. The protection measures, allowed by
        FT  -  430 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1648 9 CITY FLIGHT ETA FUCHT CT» TG407 2105 MI894 1040 Adelaide S0230 1830 Of82 2055 I Mr Of Mm I S0977 1655 S0978 0130 0F81 1930 1 1 NO CM MM VN741 1300 VH740 1410 A"""*" RJ187 0130 EK72 1730 S0174 1415 Amsterdam KL843 0455 KL838 2300
        1,648 words
    • FINANCE & COMMODITIES
      • Article
        Lloyd's brought into play again
        382 10  -  Brit's hostile bid for HC6 shows that Lloyd's companies are desirable Prom. Neil Behrmann in London LLOYD'S is in play as corporate predators begin to bid for companies which invest in the insurance market This week Benfleld Rea Investment Trust (Brit), which holds stakes in
        382 words
      • Article, Illustration
        Lock icon In pouring grain
        49 10 [RYAZAN, Russia] A young boy sitting in the back of a truck amid pouring grain from a harvesting machine on a field near the city of Ryazan, on Wednesday. According to recent reports, Russia could harvest 75 million to 77 million tonnes of grain thisyear. REUTER
        REUTER  -  49 words
      • Article, Illustration
        Lock icon Greenback's outlook still mixed
        442 10 UBB/nuu*ic THE greenback regained all losses suffered last week, trading to a high of 1.4905 by Thursday before dipping slightly to trade around the 1.4860 level yesterday morning. Crucial long-term support remains at the weekly support line of 1.4349 in the coming week. In the short-run,
        Source: DBS Bank  -  442 words
      • Article
        Lock icon Lloyd's survives legal challenge to recovery plan
        464 10 Court throws oat case brought by Names who have had to meet cash calls Reuter [LONDON] Lloyd's of London on Thursday survived a last-ditch legal assault on its recovery plan brought to the English High Court by embittered loss-making investors. The Paying Names
        Reuter  -  464 words
      • Article
        3 banks to get nod for branches in Laos
        309 10  -  By\ Harish Mehta [SINGAPORE] Laos now dominated by Thai banks will give the green light soon for Taiwan's First Commercial Bank, India's Birla group and a major New Zealand bank to open branches. First Commercial Bank is keen to open a
        309 words
      • Article
        Lock icon Euroyen up in slow trade
        227 10 SIMIiX Report Reuter [SINGAPORE) Simex Euroyen futures inched to a strong close in a relatively thin markef yesterday. Dealers said there was no apparent reason for the move up after a stagnant morning session as the market lacked fresh leads and many players were away
        Reuter  -  227 words
      • Article
        Lock icon CURRENCY REPORT
        174 10 Reuter AFP London THE dollar rose to its highest level in more than three weeks against the mark as speculation of a 10 basis point cut in the Bundesbank's key securities repurchase rate next week undermined the German unit across the board. Traders said the advent of both
        Reuter; AFP  -  174 words
      • Article
        Lock icon Oil prices subside but US stocks remain low
        312 10 ENERGY REPORT Reuter [LONDON] World oil prices fell for the third consecutive day yesterday, but still retained most of the gains made earlier in the week on concerns over low inventories, especially in the US. October Brent Blend crude shed three cents
        Reuter  -  312 words
      • Article, Illustration
        Untitled
        1442 10 MTBRBAME CROSS RATES Augl g m 1■» «t» wr 8» l«$ Yew Ww» X m$N*»i Hw <$ —8 Mr wn WNrt US$ Australia 1075 6.(71 0.610 3.981 1.165 6.051 27.904 18.333 0.843 6.416 1.950 1133 27.*****.4*4 1103 3.552 0.945 21.501 19.786 0.505 0.782 Canada 0.931 6.064 1S75 3.705 1084 5.631
        1,442 words
    • Article
      COMMODITY PRICES
      1787 11 SICOM FUTURES aZj'W RUBBER (Mures dosing «t 5 JOpm) RSS 1 CONTRACTS c*«t$Ag) CIom VoJum* Open Mo<rth Hjfh Low Sett (towns) Interest Sep 96 625 Oct 96 186.50 185.00 185.00 200 2045 Ho* 96 186.50 75 3000 D«c96 188.50 187.50 187.50 350 2900 J97 189.00 7425 Apr/Jgn 97
      1,787 words
    • Article
      WORLD STOCK MARKETS
      2398 11 LONDON kiMtriili PMCt jf. A. A. Corp Adr 54 3/4 1/4 AB Ports 291 *3 AbOey National 6001/2 7 1/2 Allied Lyons 448 5 Anw 921/2 -11/2 Argyll 346 Asd4 Group TI8 1 BAT Ind 463 -2 BJCC 323 3 BOC Group 865 *5 BR Petrpleum 628
      2,398 words
    • Article
      Lock icon TOKYO
      1639 11 Reuter P Nikkei 225 -***** STOCKS closed lower, as profit-taking overwhelmed the telecommunicatiohs sector, which had rallied earlier this week. Trading was extremely slim, as institutional investors and many other participants were away for the summer vacation. But even after they return next week, the market may not revive
      Reuter  -  1,639 words
    • Article, Illustration
      Lock icon HONGKONG
      1631 12 Reuter F1 Hang Seng *17.58 STOCKS ended higher as HSBC Holdings rose to a record high, but in the broader market investors were reluctant to take positions ahead of next week's Federal Reserve meeting and earnings announcements. The Hang Seng Index closed 17.59 points higher at 11,175.98. Turnover was
      Reuter  -  1,631 words
    • Article, Illustration
      Lock icon CHINA
      648 12 Reuter Q Shanghai B Share Index -0.42 SHANGHAI'S B shares ended down on profit-taking of Shanghai Lujiazui Finance Trade Zone Development and investor concerns over interim results. The index slipped 0.42 point to 51.64 on volume of 10.1 million shares worth US$5.7 million. Lujiazui fell US$O,OlB to US$O,BBB, on
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  648 words
    • Article
      Lock icon TAIPEI
      371 12 AFP nwPlndex -36,32 SHARE prices closed lower as investors worried over possible government moves to limit China-bound investment. Market participants remained worried following President Lee Teng-hui's calls for a review of the island's economic policy towards China that would curb growing Chi-na-bound investments by local enterprises, said a broker.
      AFP  -  371 words
    • Article, Illustration
      Lock icon JAKARTA
      760 12 AFP fl Composite Index +432 STOCKS firmed in moderate trading with blue chips recovering after days of losses. The Composite Index added 4.32 points to 536.73. Turnover was 209.3 million shares worth 412.7 billion rupiah. "There was a rebound today but I'm not convinced it will last long. The
      AFP  -  760 words
    • Article, Illustration
      Lock icon BANGKOK
      845 12 AFP P SET Index 4MB SHARE prices fell in very thin trading, as early bargainhunting soon faltered due to poor political sentiment. "The prime minister said that the coalition would stay together, which was a disappointment to investors who want to see a change in premier or dissolution of
      AFP  -  845 words
    • Article
      Lock icon MANILA
      350 12 AFP Manila ♦14J7 SHARE prices rose as several index heavyweights buoyed a lacklustre session. "Volume's still thin, but in-dex-related issues brought it up," said a trader. The PSE Composite Index rose 14.97 points to 3,108.7. Turnover was 4.3 billion shares worth 2.5 billion pesos. Petron Corp rose 25 centavos
      AFP  -  350 words
    • Article
      Lock icon SEOUL
      390 12 AFP Q Composite Into -1(188 SHARE prices closed lower as investors retreated after reports of dismal half-year earnings for listed firms. The Composite Price Index declined 10.88 points to 814.96. Turnover was 16.4 million shares worth 323.3 billion won. Falls beat rises 735 to 125, with 82 unchanged. Small
      AFP  -  390 words
    • Article
      Lock icon SYDNEY
      617 12 AFP flADOrdniariei *11 SHARE prices firmed yesterday, with brokers reporting continued restrained trading ahead of Tuesday's federal budget and further company profit reports. The All Ordinaries Index ended 6.6 points stronger at 2,233.3. Turnover was A 5278.6 million. Resource giant BHP was nine cents higher at A 117.17, global
      AFP  -  617 words
    • Article
      Lock icon WELLINGTON
      279 12 Bloomberg Business News Q Wellington 4jl SHAKES were mixed, with Telecom continuing to gain after its first-quarter profit showed strong revenue growth. The NZSE Top 40-share Index rose 0.89 points to 2,150.14. to«M Ml CMO) AN2 B*nkir>9 7.JO welt 9465 AOv»nt#gos Hldqs 1.57 002 S800 Air N#w Z»«l«nO (A)
      Bloomberg Business News  -  279 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Tenaga leads stocks higher
        7994 13 Bloomberg Business News H Composite Index *6.05 STOCKS rose, led by Tenaga Nasional, as analysts bet it'll retain control of its electricity distribution monopoly. The KLSE Composite Index rose 6.05 points to 1,102.09. The Emas Index climbed 2.74 points to 317.40. Turnover was 201.5 million shares
        Bloomberg Business News  -  7,994 words
    • WARRANTS&OPTIONS
      • Article
        Untitled
        3266 14 •ONDS, LOANS ft WARRANTS I9 lA*t Vol Day Last Ouoto Av« High Law Stno Company Sato ♦or- COOO) High Low Buyer Moi mi Prtco 53.5 47 m 3000 m AMDS cS 5******6 51.5 *0.5 27 51.5 51 51 52 <9.5 40 "Acer ******1 USS 45.5 -L5 7 47 45.5 46
        3,266 words
      • Article
        Asiamatrix wrt: limited time left
        210 14  -  WARRANT WATCH R Sivanithy THE Amcol affair has made itself felt throughout the market, depressing sentiment and unnerving investors. The worst hit have been Indonesian-linked counters and in the case of Asiamatrix, its shares have been bashed from a 52-week high of $2.30 to its
        210 words
    • Article
      CLOB INTERNATIONAL
      2051 14 MALAYSIAN STOCKS 6r Gr I9 < Y« La* Onto Hv DN YM M MCn HM> L— Stn. Comply S«te COOP) L— Bwyr t—«r CNr P/t 625 364 miSOOO AIS650C T64 46 384 368 384 386 30 4.9 04 79.7 3918 119 84 mi 5001 AMOflSOc 106 «6 2153
      2,051 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1055 15 TURNOVER COOO) VALUE COOO) Cut 7*1 »«m g» Trt* Industry 27.479 23,879 ***** 71.081 43.546 114.627 2 76 6.950 n.718 22.606 11.402 34.009 1.021 580 1.601 2.401 902 3.303 j*Wrt»» 3.808 18,772 22,580 21.007 25,184 46.193 «w>««tK*i 2.139 2,139 5,252 5,252 Mtmnq 621 821 1,718 1.718 ■J-" 14.843 22.114 8J80
        1,055 words
      • Article
        MAIN BOARD
        4472 15 6r 6r M Wt 1996 Last Vol Day LMt Ouote 01* Wv VM MM Cap Avg Mlgfc Law StNo Company Sato COOOI W» Low Buyer Seller Cw M til INDUSTRIALS 5146 ASC NT$10 200 US- 214 165 1258 AcorSOc US181 unch 148 181 181 181 184 5.0N 7.5
        4,472 words
      • Article
        SESDAQ
        717 15 LMl ViI On LmI Om4i O* Dtv ym Hat 4? tw> CW)M> V* rpooi W0 L— lnw IKir CV P/I VnM Pile* •gffi'rft 2 '?5 2000 A MW C it *22 1755 189 166 167 169 3.0 01 118.1 641 175 90 68 AS Wlfc 715 »t 196 72
        717 words
      • Article, Illustration
        HOT STOCK
        58 16  -  Paul Leo PACIFIC CAN Investment Holdings at yesterday's closing of 11.00 is 73.7 per cent below its all-time high of $3.80 reached in January 1994. While it is not expected that it will regain all its losses in the medium term, some bounce to around 51.30 can be
        58 words
      • Article, Illustration
        Clob stocks the main focus of market's attention
        896 16  -  STOCK MARKET COMMENTARY No concrete reasons for OTC market's surge although there are rumours that hot money from Taiwan is pouring in By R Sivanithy [SINGAPORE] The first signs that speculative activity could be making a return on Clob International and the
        896 words
      • ON THE GRAPEVINE
        • Article
          An Amcel analogy
          115 16 HE MAY have looked like a zombie for having stayed up all night to seal the Amcol deal but lawyer V K Rajah was in top form yesterday. Asked how he would explain to the layman investor the merits of the Sinar Mas offer for Amcol against
          115 words
        • Article
          It's a small-scale world
          94 16 PROPERTY developers routinely "adjust" the scale of location maps for their projects to make them appear closer to town, but this can be taken a little too far. Far East's map of Villa Azura, its latest project along Buklt Timah Rpad, narrowed the distance between Ardmore
          94 words
        • Article
          Mercy me, no Merc for me?
          62 16 SOME managers at Cycle Carriage recently had to give up their Mercedes-Benz company cars. The reason? The motor distributor was having difficulty selling its Mitsubishi Veradas (Australian-assembled Sigmas). While those affected are taking the "downgrade" stoically, they must be thanking their lucky stars their
          62 words
        • Article
          No media hype, no invite
          54 16 MOST conference organisers would bend over backwards to get journalists to cover their events but there is one firm which is organising an upcoming banking conference which feels that unless it gets media coverage prior to the conference, it is not prepared to give the
          54 words
        • Article
          What's in a name?
          54 16 US RESEARCH house Robertson, Stephens Company is introducing coverage of a premier restaurant operator called, you wouldn't guess it, Outback Steakhouses. It is an operator of more than 350 casual, Australian-themed (you got it) steakhouses and Carrabba's Italian Grills. Hmm, the Australian Outback may be casual
          54 words
        • Article
          Warrants on Singapore
          73 16 CREDIT SUISSE has issued 50,000 warrants on a Singapore equity basket comprising F&N, Cycle Carriage, Singapore Press Holdings, Keppel Corp, Cerebos, Singapore Airlines, Singapore Bus, Sembawang Corp, Metro Holdings, Yeo Hiap Seng, Times Publishing, Sing Tel, Nat Steel, WingTai, STIC and Neptune Orient Lines. The warrants, expiring
          73 words
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      197 7 TH^MONE^RT^UTHORITT^F^INGAPORE I AMOUNT OFFERED SGD 600 MIO I ISSUE DATE 30 AUGUST 1996 I MATURITY DATE 1 SEPTEMBER 2001 S I INTEREST RATE TO BE DETERMINED BASED ON THE AVERAGE YIELD OF SUCCESSFUL I I PRICE TO BE DETERMINED AT THE AUCTION I I INTEREST PAYMENT DATES 1 SEPTEMBER AND
      197 words
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      31 8 For Home or Office deliveries of: The Straits Times, The Sunday Times, The Business Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min Daily News. LianHe Wanßao call our Hotline 1800-749-2577.
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      156 12 Land Transport Authority Infoline o Results I |NF"*lifl6 COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH aShoTcx Service Available on 10th or 11th of every month. All you Available between Saturday and Wednesday each week All you need is Call Olir non-1900 AlldioTeX EnailirV need
      156 words
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      Page 13 Advertisements Column 1
      103 13 Doctors prescribe a weekly dosage of Thp Straits Timps Wppldy FHitinn to keep home sickness at bay. Are you following doctors' orders? You may be a Singaporean going overseas and want to stay in touch with home. You may have children studying overseas and are concerned that they don't know
      103 words
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      35 14 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai TIMES DAILY six times daily. Enjoy gourmet food, vintage B French wines and a standard of service that's famous the world
      35 words
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      110 15 WE'RE A BANK OF KNOWLEDGE ON Ejjflß UNIT TRUSTS. TO LEARN MORE, JUST CALL. Investing in unit trusts is a good way to diversify your portfolio. And nowhere will you find a greater body of knowledge about them than at Citibank. To find out about our full range of unit
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      Page 15 Advertisements Column 2
      123 15 To: SPH AudioTex Department Singapore Press Holdings Lid 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period □12 months 6 months 3 months at S)M.M at 5540.00 at
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      627 16 B LJSIN ESS Notices •lo\I)\ I K I Isl <\ I I lON -I Ul I 151H1.741 ISS.< I IN THE MATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER OP CRAFTOWN TRADING (S) PTE LTD (In Voluntary Liquidation) NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN pursuant
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      Page 16 Advertisements Column 2
      464 16 IN THE MATTER OP THE COMPANIES ACT, CAP. 30 AND IN THE MATTER OP BHAITA SHIPPING PTE LTD (Imcorpormfd In Jt (MmUn' Voimfry Wh*f Up) 1_ a- nooce is Bcrcoy even psnun to Sectioa 308 of the Companies Ad (Cap. 50) thai the Ptaai Oaaaral Meeting of the Meabert of
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      Page 16 Advertisements Column 3
      141 16 The BuslnessTimes lUtmAuvnDnpw A bold dtw lock and a ficsh approidi lodic news and vews. Faster with the and wichthe meaning of Ihc news. •Sharper focus on business and mates. •Deepcranaly»oftia)ds,andfTocopinioaandconnienßKy. [Start my [TheßusinessTimes i Subscription now! I $265.20 (12 months for local) (Ihe eodude deity (cppkjfc be aJeasd b/nofttndcr
      141 words
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      Page 16 Advertisements Column 4
      143 16 Singapore Closing Share Prices 16/8/1996 CLOSE PREV LOW HIGH till## uss uss uss uss All!## Jardine Matheson 6.65 6.50 6.50 665 i 8?"?? Strate lc 3.10 3.14 3.10 3.20 lAmf J Dairy Farm 0.84 0.825 0.815 0.84 Hongkong Land 2.29 2.27 2.28 2.30 ■■■■■■I Mandarin Oriental 1.42 1.38 1.38 1.42
      143 words
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  • EXECUTIVE LIFESTYLE
    • Article, Illustration
      Lock icon Shall we dance?
      1389 17  -  A memorable way to come of age or just a rich kids' night out? oob hwee ism gets the views of the organisers and the young women and men taking part in tonight's Debutante Ball GOH HWEE LENG A SPECTACULAR show takes place this evening. There won't
      ERIC CHU  -  1,389 words
    • STRAWS In The Wind
      • Article
        Rising Son
        47 17 QUOTE of the week. In the space of two years, Japanese cyber mogul Masayoshi Son, 39, spent US$4 billion buying up computer companies, including a just announced US$l billion purchase of Kingston Technology. Now he says: "I want to do something big in my 405."
        47 words
      • Article
        Speedy solution
        75 17 DO YOU have a fly problem? Check out what the authorities of Wu Jiao township, on the outskirts of Shanghai, did to control the fly population. They offered to buy flies at 20 yuan per half kilo. which is more than what it costs to buy roast goose.
        75 words
      • Article
        Will all be revealed?
        54 17 ARE YOU seeking a change of career? If you can understand this advertisement in the classified ads, then you're perfect for the job. A company wants fun- loving people to join it as "exhibitionists and mobile surveyors". We assume that for the first position, a clothing
        54 words
      • Article
        Passing reminders
        38 17 SEEN on some bumper stickers in the US: "Puritanism: The Haunting Fear That Someone, Somewhere, May Be Happy"; "Always Remember You Are Unique, Like Everybody Else" and "I'm Not A Complete Idiot, Some Parts Are Missing".
        38 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Speaking from personal experience
        2252 18  -  v THE RAFFLES Conversation He resented the no-smoking campaign in Singapore until he lost his voicebox and oesophagus to throat cancer in March 1995. Today, a wiser Ong Wee Hock looks back on his illness, and tells husasbt thomas what it has taught him about eating
        ERIC CHU  -  2,252 words
      • Article
        Blueprint for an enterprising nation
        1095 18 Ong Wee Hock considers it crucial that we nurture a new group of people who are creative and courageous, and who can take on the challenges of the future ONG WEE HOCK, an engineer by training, was in the first wave of young investment officers
        1,095 words
    • RETAIL
      • Article, Illustration
        Dempsey Road discoveries
        1055 19  -  Furniture warehouses are giving the old barracks a new lease of life, reports ooumß xerk CORINNE KERK LESS than five minutes away from bustling Orchard Road is a quiet, vast expanse of land. Here at Dempsey Road, opposite the Botanic Gardens, the old Ministry of Defence barracks
        1,055 words
    • Article, Illustration
      Lock icon A joy-defeating life
      570 20  -  TELEVISION The story of JP Getty, man of many miseries and marriages, makes for grimly compelling viewing By Kevin Sullivan HALFWAY through part one of The Gettys, A Tragedy Of Riches (Premiere 12, 9pm, last Sunday and this Sunday), I asked myself why I was still watching.
      FILE PICTURE  -  570 words
    • Article, Illustration
      Method in this madness
      793 20  -  CINEMA Uli Edel's biopic of Rasputin offers some very superior performances, a sumptuous visual feast, and a complex portrait of Russia's most intriguing royal adviser By\ Holly Harrison CHARLATAN or holy man? Perpetrator or pawn? Madman or visionary? History has yet to give its final gloss
      793 words
    • Article, Illustration
      Lock icon The world according to Jo
      604 21  -  NIGHTSPOT Vision's frontm&n Johari Mohd Zain sings in eight different langnages and gets all the accents just right too By, A Surendren WHILE singing sex symbols Douglas O and John Molina were fighting it out in the Main Hall of Sparks, there was yet another
      STEPHANIE YEOW  -  604 words
    • Article, Illustration
      WHAT'S ON
      408 21  -  Compiled by Holly Harrison THEATRE Suite Hearts Daisy Irani Subaiah directs Haresh Sharma's newest comedy, a dinner theatre show based on Neil Simon's Plaza Suite. Three stories take place in the Stamford Crest, the series of penthouses at the Westin Stamford. There's a reluctant bride, a film producer
      408 words
    • EPICURE
      • Article, Illustration
        Provocative deviations
        731 22  -  Ifs classy, ifs cool, and it serves up a creative blend of French and Thai cuisine. woriwib nu finds out why Vong"s the vogue in fashionable Knightsbridge CORINNE KHERK HERE really isn't anything pHI H new in the concept of mixing Eastern and Western culinary styles, but while
        731 words
      • Article, Illustration
        Lock icon Time for a break at Rick's
        450 22  -  RESTAURANT Dump your kid at tbe indoor pUygrotmd next door, and grab a cuppa in peace at this Santec City cafeteria Byl Corinne Kerk I DISCOVERED something last week. I found that in the cavernous space that is Suntec City, there's a place where
        CHRIS LOH  -  450 words
      • Article
        A celebrity chef shares his secrets
        221 22 CULINARY CLASS HE HAS cooked at Terence Con ran's Quaglino's restaurant and worked with Raymond Blanc at the latter's les Quats' Saisons Today, John Burton-Race has attained celebrity chef status on his own steam. He has his own two Michelin star restaurant, L'Ortolan, and
        221 words
      • Article
        Quintessential Saint-Julien
        854 22  -  WINE CONNOISSEUR At its best, Chatean Ducru-Beancailloa boasts depth of colour, fullness of flavour, harmony and By N K Yong CHATEAU Ducru-Beaucaillou is assuredly not only one of the most famous of the Bordeaux Chateaux, but one of the most popular. The fact that it makes one of
        854 words
    • Article, Illustration
      CIMEMA
      1093 23 Affairs. Richard Berry, Karin Viard and Vincent Cassell star in a film about the love games people play. R(A). Yangtze: 1.30; 5.30; 9.30. Amitjnrille OoHhraise. Just when you thought they'd finally finished the whole evil saga, the Amityville horror returns. Lido: 11.15; 1.45. Jurong: 11.45pm. IfmiitlAil Girls. Timothy Hutton
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    • TRAVEL
      • Article, Illustration
        Lock icon America's grand old park
        789 24  -  Nature reveals itself in all its awesome and rugged splendour in Yellowstone National Park. phmbsh dxvtaxathan takes time off to enjoy its soaring peaks and sweeping vistas DENESH DIVYANATHAN SPREAD over some 2.5 million acres of steaming geysers, crystalline lakes, thundering waterfalls, and panoramic vistas, Yellowstone
        PHOTOS, EXCEPT FOR OLD FAITHFUL LNN, BY DENESH DIVYANATHAN  -  789 words
      • Article, Illustration
        How to get to Yellowstone
        258 24 THE nearest major city to Yellowstone National Park is Salt Lake City, which can be easily reached from San Francisco by either air or coach. By air: Fly either Delta or any of the other internal American carriers from San Francisco to Salt Lake City.
        258 words
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      9 17 Baffles Conversation Ong Wee Hock EL 2 MW ilk
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      2037 23 TODAY'S TV MOBimmmßP Tnwnw I I fil GemUan6ai ILOO AM TV Innovation. ril Criminal Marc Singer i£ Trrf" Highlights Baba Nyonya. agents n>e Big Bhow (Live), 3.00 Olympic Colour Pieces. tao Sn^nton^ 1^ 4-00 Auto Classics. ITI rf°P aontorian. o.vH/pm, un o riillptt WnrlH nf Snnrt 830 Berita Jam 6.
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