The Business Times, 19 October 1996

Microfilm: NL20728
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA(P) 04(V 12/95 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, OCTOBER 19-20,1996
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  • Article
    MARKET SUMMARY
    60 1 Dsn *****2 (-4.20) BT-SU MLM (+5.66) P! BTOOMP U 2Q3LH (+1.89) BT-XOA MM6 (+3.38) •'■'r WWAmriMMCEB Friday Change KI3800IIP 1,171 JO +17.18 NIKKEI XlJltM +18&M HANG SEW I2J10-06 *7128 8BTINDBX MMt +18.48 JAKARTA OOKP 670JO +L08 MANILA COUP —*****1 +J8J7 TAIPH WPI M70.4S .18* SEOULOOMP WO-tt -0.48 CLSACniNAB
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  • Article
    FINANCE
    76 1 rrrr-r 1 ;-";j U8S SI IBS 1.416 1.686 .1243 DM <ICM .0J17 YBN IN tjm 1.268 m DM .1664 HK» 0.129 9.183 BAHT am BOM RUM AH 160. IM) Aril FUME BATES SINGAPORE* 6.44 KUALA LUMPUR. 925 JAKARTA 18.00 BANGKOK 1125 MANILA...... U.50 HONGKONG AM TAIPEI ..JJ5 SYDNEY 10.75
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  • Article
    HDB resale flats see 2-5% rise in valuation in 3Q
    545 1  -  Increases in preceding quarter ranged from 4 to 7% By] Michelle Low [SINGAPORE) Average valuations of Housing and Development Board resale flats rose by between 2 per cent and 5 per cent in the third quarter, according to HDB data.
    545 words
  • Article
    Singapore CEOs are now fourth best-paid
    558 1  -  Annnal remuneration rises to U*****,000 from U*****,000 By Chuang Peck Ming [SINGAPORE] Chief executive salaries in Singapore have shot up from 11th to 4th place in the latest global rankings by US management consultant firm Towers Perrin. The total annual remuneration of CEOs here
    558 words
  • Article, Illustration
    Ex-DBS exec strikes early gold with Sydney2000 Net address
    452 1  -  He beats Olympic Games organisers to site for just US$lOO By< Catherine Ong [SINGAPORE] The Sydney Olympic Games is still four years away but Malaysia-born Bala Pillai reckons he has already struck gold by beating the Games' organising committee to owning
    452 words
  • Article, Illustration
    Delifrance's IPO success is a good change: SES chief
    338 1  -  Better receptions for other IPOs may be in the offing By i Clarissa Tan {SINGAPORE] Delifrance's successful initial public offer could trigger better receptions for other IPOs, Lim Choo Peng, president of the Stock Exchange of Singapore, said yesterday. "I think
    338 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      127 1 DHBPH TbelnflMMof Christmas They put up shop displays and fly In the turkey, ham and much else. In short they help make your Christmas possible, ELI %ifhirt ijms right The Singapore staff are part of 35 retrenched from its investment banking units worldwide, Pg3 nmviuiß tnfekiiiMikk vakatfca k 3Q, this
      127 words
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      Page 1 Advertisements Column 2
      58 1 MHWRHH i fI^^HH^I^HHIHUfI^H Tank Fran<;aise watch carat gold. New collection. oc m z y t/> 3 x i THE ART OF BEING UNIQUE Gwtier boutique/ Singapore Millenia Walk, #01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427 Hilton International, #01-04,
      58 words
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      Page 1 Advertisements Column 3
      10 1 Latoroy debuts with 20% rise above IPO price, Pg 7
      10 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        695 2 Figures denote number of respondents Those polled for their views on next week's Singapore stock market outlook are: Alliance Securities, Daiwa Securities, GK Goh, ING Barings, Merrill Lynch, Deutsche Morgan, OCBC Investment Research, Phillip Securities. ♦XBoli Oct 17. $1.69 Valuations are not demanding, and we are reiterating
        695 words
      • Article, Illustration
        In My Opinion
        371 2  -  Wong Yit Fan Chief economist South-east Asia Indo-Chlna Standard Chartered Bank 44T7J CONOMIC growth H will not collapse but J_J East Asian economies are unlikely to sustain the 8.5-9 per cent per annum rates seen in recent years because many economies are at full employment and/or have
        371 words
    • Article, Illustration
      Here's your 24-hour broker
      582 2  -  The Phillip Securities system helps you place buy-sell orders, access data and do limited research with vmir PC By] Paul Leo [SINGAPORE] IMAGINE having a broker at your beck and call 24 hours a day, seven days a week and more importantly, not having to apologise
      582 words
    • Article, Illustration
      COEs up 8% despite lower subscription rate
      561 2  -  Byi Christopher Tan [SINGAPORE] Distributors were largely responsible for car COE rates rising across the board this month, industry sources said. Despite a lower subscription rate (204.6 per cent compared to 208.5 previously), certificates of entitlement for cars including for the Open category
      561 words
    • Article, Illustration
      Lock icon Home prices in Singapore: A question of wealth
      799 2  -  To enhance value in an asset, it is sometimes necessary to prune it and direct its growth By] David Goh The writer is a lecturer (Banking Finance Division) at Nanyang Technological University. This fortnightly column will cover both property and financial markets.
      FILE PHOTO  -  799 words
    • Article
      Sluggish Indonesian bourse stages modest rebound
      542 2  -  BYE ON THE REOZOM: JAKARTA Froml S N Vasuki in Jakarta AFTER languishing for several months, the Jakarta stock market has staged a modest recovery. Although improved economic fundamentals have certainly contributed to the market's rebound, punters have been driving up volumes and prices
      542 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Stanchart axes 8 from investment bank unit here
      338 3  -  S'pore staff part of 35 retrenched from its investment banking units worldwide By I Shiv Taneja STANDARD Chartered Bank has retrenched 35 employees in its" investment banking units worldwide, including eight in Singapore. Informed sources said staff in its Singapore and Hongkong
      338 words
    • Article
      S'pore, Shandong to expand cooperation to financial sector
      508 3  -  Province looking to set op development fond in S'pore; banks considering branches W Teh Hooi Ling inQingdao SINGAPORE and China's Shandong province plan to expand the scope of their current economic cooperation to the financial sector and training of manpower in the
      508 words
    • Article
      Lock icon Maxtor's S. Korean lines moving to S'pore?
      100 3 Reuter [SEOUL] Maxtor Corp, a unit of Hyundai Electronics Industries Co's US subsidiary, is considering moving its hard disk drive production lines in South Korea to Singapore, a Hyundai Electronics spokesman said yesterday. He said Maxtor had requested that Hyundai Electronics, a unit
      Reuter  -  100 words
    • Article, Illustration
      Lock icon Tele-Medical plans phone-based healthcare
      418 3  -  By, Jenny Lam HOMEGROWN medical company Tele-Medical Services said yesterday that it aims to set up interactive phone-based healthcare services in the Asia Pacific, US and Europe. The company will spend $100 million over the next five years to set up such a network, Tele-Medical Services
      ARTHUR LEE  -  418 words
    • Article
      Longer-term growth forecasts also revised
      319 4  -  But survey says swift rebound expected early next year By, Anna Teo THE recent downgrading of economic growth forecasts appears to have extended beyond the third and fourth-quarters of 1996 longer-term projections have also been pared. London-based Consensus Economics Inc's latest survey of long-term forecasts,
      319 words
    • Article, Illustration
      Lock icon Ban Joo boss spins a success story
      807 4  -  Its strengths staying specialised, fast shipment, keeping a sharp eye on sales spotlight on SINGAPORE'S BEST; By] Diana Oon THE managing director of textile trader Ban Joo Co, Lam Pang Chuang, has seen the company come a long way since he joined it
      CHRIS LOH  -  807 words
    • Article, Illustration
      Reuters launches integrated tool for bond traders
      409 4  -  Treasury 3000 also incorporates technical analysis By\ Larry Wee REUTERS yesterday launched Treasury 3000 (T3) its latest offering for bond traders, and the final leg of its Reuters 3000 (R3) series of products. In July this year, Reuters Singapore was the first centre
      409 words
    • Article
      1995 spending on furniture down slightly to $ 1.09b
      238 4 1995 spending on furniture down slightly to 1.09b GROWTH in local spending on furniture has fallen significantly in the past two years, hitting a negative last year. According to a Singapore Furniture Association (SFA) report, domestic spending on furniture fell one per cent to $1.09 billion in 1995 from 1994's
      238 words
    • NEWS Roundup
      • Article
        TDB leads team to Paris food fair
        67 4 THE Trade Development Board will lead 13 local food and beverage manufacturers to the Salon International de I'Alimentation (SIAL) 96, Paris, from tomorrow to Thursday. The SIAL Fair is reputably the second largest food fair in the world and is recognised as the
        67 words
      • Article
        S'pore to host 2001 training conference
        76 4 THE International Federation of Training and Development Organisation's (IFTDO) World Conference and Exhibition will be held in Singapore in 2001. The Singapore Institute of Management and the Singapore Training and Development Association have been given in principle approval to host the event. The IFTDO
        76 words
      • Article
        Yaohan to expand Takashimaya outlet
        44 4 THE Yaohan group said yesterday that it will spend $2 million to expand its Yaohan Best outlet in Takashlmaya by four times to 52,822 square feet It forecast sales to hit 145 million in the first year of operations.
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    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1531 4 wSTiufi AtfalaMa S0230 1830 Ho CM MM) VH741 1300 VN740 MX) ■an EK72 1730 S0174 M15 7 r 0,30 SOI73 WOO EK73 2340 Amstartam KL843 0455 KL838 2300 M#0 Ko *0 U A806 0700 0125 0650 SO346 2330 0X717 1235 CX71 0640 50?5 CI665 1420 S0660
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      409 3 ifi pW HK!§^^^HpH|||^^H I Ts£ investment. The best holiday. I ■feJifc J ■Wwi ;-B ''I I i > I it^ i i HteSflfil 'Jar (J. ii jj| K>: <* uj The ALlamanda Bin tan for the bedt I of both worLdd. I you're looking for a great —~j From an
      409 words
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      26 4 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall CJLT.S. at 1800-737-1166. Another Classified Service
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      336 4 THE WEATHER Wnpparet Showers in the morning. Temperature (32-24) PtrWa ffl/L•* Oni Europe Hl/Lo* Good. America BVLo* Cood. Attend tMI Cloudy AnMerdaa 1106 Cloudy Allanu 17/03 Cloudy Bangkok JtfS Tstom Athens 22/13 Cloudy Buenos Aire 22/12 Cloudy H#* Wll Cloudy Berth 13/03 Showers Chrajeu 12/01 Cloudy BoMiNQr S4/23 Cloudy Boon
      336 words
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  • REGION
    • Article
      Lock icon KL plans to cane, jail employers of illegal immigrants
      259 5 KUALA LUMPUR AFP MALAYSIA plans to amend its laws to include caning and mandatory imprisonment to curb an influx of illegal immigrants, a senior official said yesterday. Malaysians caught employing illegal immigrants will be caned, jailed up to five years and
      AFP  -  259 words
    • NOTE Book
      • Article
        Lock icon Corruption costs Vietnam US$150m
        63 5 AFP [HANOI] Corruption has cost Vietnam at least US$l5O million (Ss2l2 million) in the last four years, according to an official report published yesterday by the Lao Dong trade union daily. Nearly 5,000 cases of corruption had been officially recorded from January 1993 to September 1996.
        AFP  -  63 words
      • Article, Illustration
        Lock icon Mind your head, sir
        62 5 AFP [HANOI] A Vietnamese guard gives a hard hat and a visitors' card to Malaysian Foreign Minister Abdullah Ahmad Badawi yesterday as he visits the construction site of the 17-storey Sheraton Hotel being built jointly with a Malaysian company. The minister is on a two-day official
        AFP  -  62 words
      • Article
        Lock icon Ecuador joins Apec waiting list
        51 5 AFP [MANILA] Ecuador has become the 11th applicant for membership in the Asia-Pacific Economic Cooperation (Apec) forum. The 18-member group has issued a moratorium on new members expiring at the end of this year and members have yet to decide whether to allow new entrants.
        AFP  -  51 words
      • Article
        Lock icon Army most submit to party always: Jiang
        54 5 AFP [BEIJING] Chinese President Jiang Zemin has called on the army to submit itself without failure to the authority of the party "at all times and in all circumstances", the Army Daily said yesterday. Mr Jiang made his comments to an audience of
        AFP  -  54 words
      • Article
        Lock icon Golkar spells out presidential criteria
        82 5 AFP [JAKARTA] A senior executive of Indonesia's ruling Golkar party has spelled out the criteria for the country's next president, whose five-year term would start in 1998, the Merdeka daily reported yesterday. "What is important is the quality and (that the candidate) is loved and
        AFP  -  82 words
      • Article
        Lock icon Sihanouk to pardon most criminals
        34 5 AFP [PHNOM PENH] Cambodia's King Norodom Sihanouk yesterday said he would pardon nearly every criminal now held in the country's prisons on his 74th birthday on Oct 31 .—AFP
        AFP  -  34 words
    • Article
      Lock icon China 'princeling' charged with graft
      464 5 BEIJING Son of powerful Chinese party official accused of bribery, concealing illegal property Reuter PROSECUTORS have filed corruption charges against the former head of two Hongkong affiliates of a China steel giant, a man who rose to power as the son of a powerful party
      Reuter  -  464 words
    • Article, Illustration
      Lock icon Shipping tycoon enters race for Hongkong's top job
      386 5 HONGKONG Tung Chee-hwa said to eqjoy the backing of Jiang Zemin AFP AFTER a shaky start, the race to become Hongkong's first post-1997 leader began in earnest yesterday as a shipping billionaire reputedly backed by Chinese President Jiang Zemin entered the scene.
      AFP  -  386 words
    • Article
      Lock icon China may cut bank reserve ratios
      244 5 BEIJING Reuter CHINA'S central bank, the People's Bank of China, is considering cutting bank reserve ratios by 3 percentage points, the China News Service quoted governor Dai Xianglong as saying recently. The central bank requires commercial banks to keep reserves of 13 per cent
      Reuter  -  244 words
    • Article
      Crave for China brand names
      619 5  -  LBTTHftFftOM BEUDIO Chinese concerns over loss of local names may be misplaced By Peter Seidlitz A BURGEONING wave of consumer nationalism is sweeping through China. Articles in the official press bemoan the loss of Chinese brand names, swept away by the tide of international competition.
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    • Article
      Lock icon Riots break out over Taiwan's N-power project
      262 5 TAIPEI AFP RIOTING erupted outside Taiwan's parliament yesterday after it voted in favour of a controversial nuclear power plant amid chaotic scenes of opposition protest Outside the building, some 100 demonstrators hurled petrol bombs and threw rocks at riot police, who used water
      AFP  -  262 words
    • Article
      Beijing clarifies Qian Qichen's remarks on HK
      369 5  -  SINGAPORE Press said to have misinterpreted his comments on events to mark Tiananmen By] Lu Ning CHINESE Foreign Ministry spokesman Shen Guofang has denied news reports that after 1997, events in Hongkong to mark the June 4 crackdown would be banned. Hongkong Chinese
      369 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      137 5 An organiser: that listens and talks •»uia to you. NOW ■r WW fMt tt9* Actual size V Hl> ICE ORGANIZER* Just speak to the Voice Organiser and it becomes your. Phone directory (400 numbers) Appointment calendar (1 year) 99 Memos 99 Reminders To retrieve information e.g. telephone number of Bob
      137 words
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  • REGION/WORLD
    • Article
      Japanese stocks, bonds rise as LDP is tipped to win poll
      451 6  -  TOKYO Analysts say opinion polls are not reliable as half the voters are yet to decide By, Anthony Rowley TOKYO stock prices rose yesterday as polls continued to predict a majority for the Liberal Democratic Party in Japan's parliamentary
      451 words
    • Article
      Lock icon Japan first-half trade surplus down 41%
      249 6 TOKYO Reuter JAPAN'S trade surplus, often a source of contention with the United States, plunged more than 41 per cent on a year-on-year basis in the April-September period. Japan's unadjusted cus-toms-cleared trade surplus in the period, which is the first half of the fiscal
      Reuter  -  249 words
    • Article, Illustration
      Lock icon Gingrich seeks probe of Indon donations
      428 6 WASHINGTON Reuter HOUSE of Representatives Speaker Newt Gingrich on Thursday called for an investigation into whether the Indonesian government won US foreign policy favours in return for contributions to the Democratic Party. Mr Gingrich said reports that an Indonesian couple with ties to the
      Reuter; FILE PHOTO  -  428 words
    • Article, Illustration
      Lock icon Lebed faces probe over alleged coup attempt
      363 6 MOSCOW Yeltsin also sacks Russian armed forces chief of staff AFP Bloomberg Business News THE knives were still out yesterday for Alexander Lebed, Russia's ousted security chief, as parliament voted to call for an enquiry into accusations that he was trying to mount
      AFP; Bloomberg Business News; REUTER  -  363 words
    • Article
      Lock icon US August trade deficit falls 6.6%, smaller than expected
      470 6 WASHINGTON USSIOJB3b gap will add to likely fall-year figure of USslB3b Bloomberg Business News THE US trade deficit in goods and services narrowed by a smaller-than-expected 6.6 per cent in August as imports and exports both increased. The trade deficit with
      Bloomberg Business News  -  470 words
    • Article
      Lock icon London at the heart of gold smuggling racket: paper
      334 6 LONDON USs7sm per year of illegal bullion shipped from South Africa AFP LONDON is at the heart of a US$75 million-a-year (SSIO6 million) gold smuggling racket in which stolen or otherwise illegal bullion from South Africa is shipped via Mozambique to
      AFP  -  334 words
    • Article
      Lock icon Germany postpones cut in special unification tax
      159 6 BONN Bloomberg Business News GERMANY'S ruling coalition parties scrapped plans to cut a controversial unification tax next year in order to plug a widening hole in the government budget. ChanceUor Helmut Kohl's three-party coalition agreed that a cut in the so-called solidarity tax
      Bloomberg Business News  -  159 words
    • Article
      Lock icon Bundesbank denies it is softening EMU stance
      177 6 ■FRANKFURT Bloomberg Business News THE Bundesbank said it opposes efforts to loosen lowdebt rules for entry into Europe's future monetary union, moving to correct an impression raised by a French newspaper interview with the central bank's president. The central bank said a Le
      Bloomberg Business News  -  177 words
    • WORLD Watch
      • Article
        Lock icon WTO calls lor meeting of world's poorest
        43 6 Reuter [GENEVA] The World Trade Organisation said yesterday it was calling a meeting of ministers from the world's 48 poorest countries in Geneva from Nov 13-15 in an effort to promote better trading conditions for them.—Reuter
        Reuter  -  43 words
      • Article
        Lock icon Swiss authorities under pressure
        64 6 Reuter [GENEVA] Swiss authorities probing charges that their banks hoarded wealth from Jews murdered by the Nazis came under new pressure yesterday when the head of a powerful US banking body accused them of being biased. Republican senator Alfonse D'Amato said he would put more pressure
        Reuter  -  64 words
      • Article
        Lock icon French unions to stage new protests
        47 6 AFP [PARIS] French unions vowed yesterday to stage new protests against government austerity plans after a one-day strike was widely followed. The communist-led CGT called for a new national day of action on Nov 15 following Thursday's public sector stoppage. —AFP
        AFP  -  47 words
      • Article
        Lock icon Thousands displaced in Taliban fight
        61 6 AFP [MAZAR-I-SHARIF, Afghanistan] Thousands of people have been displaced by fighting north of Kabul between the fundamentalist Taliban militia and ousted government > troops, aid agencies here said yesterday. According to a United Nations source in this northern Afghan city, the actual number of displaced
        AFP  -  61 words
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  • COMPANIES & MARKETS
    • Article
      Elec & Eltek parent plans US$32m placement
      281 7  - Elec Eltek parent plans US$32m placement 11m EEI shares to be offered at U552.92 each; parent's stake will be cut to 66.39% By, Annette Pau [SINGAPORE] The parent company of mainboard-listed printed circuit board manufacturer Elec Eltek International (EEI) said yesterday it will raise U5532.12 million (ss4s million) through a
      281 words
    • Article
      Labroy closes debut 20% above IPO price
      190 7 [SINGAPORE] Labroy Marine ended its first day of trading yesterday at 83 cents 20.3 per cent or 14 cents above its initial public offer price of 69 cents raising hopes that the poor sentiment for recent IPOs may soon be over. Dealers reported
      190 words
    • Article
      Electro Magnetics (1992) under judicial management
      348 7  -  Warrant holders reminded about Nov 1 expiry date By, Jennifer Lien [SINGAPORE] With only two weeks left before the expiry of its warrants, suspended videotape maker Electro Magnetics (1992) Ltd has finally been placed under judicial management. The company's interim judicial managers, Michael Lim,
      348 words
    • Article
      Jumabhoy family's firm pays $3.llm to Scotts
      148 7 [SINGAPORE] The Jumabhoy family's investment company, Scotts Investments (Singapore), has paid $3.11 million to Scotts Holdings Limited, saying that it had satisfied "all known, reconciled amounts owing to Scotts". SIS said yesterday that the payment reflected "the amounts owed to SHL as at
      148 words
    • Article
      Political mood swings matter for Indian market
      708 7  -  HOCK LOCK SIEW Vikram Khanna IF THERE'S one stock market in Asia that has been able to match the precipitous decline we've seen in Thailand in recent weeks, it is the Indian market. The benchmark Bombay Sensitive Index plummeted by around 16 per
      708 words
    • Article, Illustration
      Lock icon SES pushes for tighter controls
      450 7  -  RniiUtinwi mming far audit committees, independent directors By Larry Wee [SINGAPOREJ The Stock Ex change of Singapore is putting together a set of guidelines on the role and obligations of audit committees, and on the appointment of independent directors. In its 1996 annual report released
      ARTHUR LEE  -  450 words
    • REGIONAL COMPANIES
      • Article
        Lock icon Konsortium to make bid for rest of Diperdana
        225 8 Bloomberg Business News [KUALA LUMPUR] Konsortium Perkapalan Bhd, a Malaysian transport company, said it is offering to buy the 36.9 per cent of Diperdana Corp it did not already own for M 5566 million (*****.2 million) in cash. The purchase of a
        Bloomberg Business News  -  225 words
      • Article
        Lock icon SES approves Sinochem listing
        339 8 But no details yet on size and timing of the offer; parent's profit falls 30% to USs7om Bloomberg Business News [BElJlNG] The Stock Exchange of Singapore has approved Sinochem Asia's application for public listing but company officials decline to say how big the offering will be
        Bloomberg Business News  -  339 words
      • Article, Illustration
        Lock icon APC bids for majority stake in National Steel Corp
        229 8 Bloomberg Business News [MANILA] The Philippines' APC Group Inc said it had offered to buy a majority stake in National Steel Corp from Malaysia's Wing Tiek Holdings Bhd. "There is no secret we have been approached by the Malaysians regarding National
        Bloomberg Business News  -  229 words
      • Article
        Indon market big enough for all: Excelcomindo
        352 8  -  New cellular phone player cites low penetration rates and surging demand By I S N Vasuki in Jakarta PT EXCELCOMINDO, which launched its service in Jakarta and Bandung two weeks ago, will be competing with PT Satelindo and PT Telekomsel which have cornered
        352 words
      • COMPANY Briefs
        • Article
          Pac-Can investor lifts stake
          53 8 {SINGAPORE] Pacific Can Investment Holdings said yesterday private investor Chong Lian Him bought 228,000 shares in the company on Thursday, raising his stake to 4.68 million shares, or 6.27 per cent. Mr Chong last week bought 3.5 million shares at $1.03 each, raising his stake to
          53 words
        • Article
          Foreigners own 39.9% of OUB
          64 8 [SINGAPORE] Directors of Overseas Union Bank (OUB) said that 39.97 per cent of the bank's shares were in foreign hands as at Sept 30. The figure includes 87,014 shares of the company held by shareholders whose control and beneficial ownership could not be determined. At
          64 words
        • Article
          OCBC foreign percentage at 38.6%
          28 8 [SINGAPORE] Directors of OCBC Bank said that the percentage of foreign shareholding in the bank was 38.66 per cent as at Sep 30.
          28 words
        • Article
          Corrections & Clarifications
          95 8 Corrections Clarifications IN OUR supplement on the BT Singapore Regional Index published on Wednesday, our thumbnail sketch of Nat Steel Ltd omitted the following information: The group also has steel mill joint ventures in Malaysia and the Philippines; the industrial division also has joint ventures in China, Thailand, UK, Australia,
          95 words
      • Article
        Jardine Matheson raises stake in Jardine Strategic
        146 8 [SINGAPORE] Jardine Matheson Holdings (JMH) will raise its stake in Jardine Strategic Holdings (JSH) to 61.09 per cent from 60.97 per cent after the repurchase and cancellation by Jardine Strategic of its own shares. JMH has informed the London Stock Exchange of the
        146 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        786 8 VmmI Voy Hp 8*rt» ArrlM Depart •Mf«*McM JWW1 *"*7 Hongs** *.10/T700 Atlantic Sap J1S alongside 19.10/1500 lat«n MM N317 Jtl alongside It 10/2300 Bnta tamper M0696 J20 alongside 18.10/2200 8t Abe 10/96 JOI alongside H10/UW M Oms Jay 54m JOI alongside It 10/0600 St I Jaya K *****6
        786 words
      • Article
        CONTAINER SCHEDULES
        1691 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/Bflltnct Rstls Ship Voy No Etb/Btr Ported From To From 4a Apdcot or* rTtiOO n «/bm ft/*5t M/19M 21 N/1700 ft/0«9 19/0900 3 imw it/iB9 ft/MM 4 ivboo haw it/rao taJ* JUA 20/2000 i ft/BM WW ft/ftM ft/OTM 19/189 19/MM
        1,691 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Way paved for Aussie exchange to become world's first listed bourse
        450 9 Thumping majority of members vote for plan; parliament's approval to amend legislation needed Bloomberg Business News [SYDNEY] Members of the Australian Stock Exchange have voted to change the structure of the exchange from a mutual company to a corporation,
        Bloomberg Business News; REUTER  -  450 words
      • Article
        Lock icon Apple not out of woods yet: analysts
        424 9 The firm has been slow to introduce new products Reuter [PALO ALTO, California] Apple Computer Inc's unexpected fourth quarter profit initially impressed Wall Street, but some analysts said on Thursday that the computer maker was not out of the woods yet. Apple on
        Reuter  -  424 words
      • COMPANY Briefs
        • Article
          Lock icon Coles makes another board change
          72 9 Bloomberg Business News [SYDNEY] Australia's largest retailer, Coles Myer Ltd, has announced the fifth change to its board in a year as it attempts to resurrect its reputation in the eyes of investors at its Nov 19 annual meeting. Coles plans to appoint three new
          Bloomberg Business News  -  72 words
        • Article, Illustration
          Lock icon Smile, please
          59 9 Reuter [SEOUL] South Korean flight crew, all of whom work for Korea Air Lines (KAL), give a panel of judges their best smile on Thursday in the hopes of winning the "smile contest". KAL, whose corporate symbol is a smile, sponsors the yearly "Smile Festival" in which it
          Reuter  -  59 words
        • Article
          Lock icon Coca-Cola share buyback continues
          41 9 Bloomberg Business News [ATLANTA] Coca-Cola Co said it will repurchase as much as 10 per cent of its shares over the next decade. The new plan authorises the buyback 0f206 million shares through 2006. Bloomberg Business News
          Bloomberg Business News  -  41 words
        • Article
          Lock icon Reliance interim net profit up 2.8%
          62 9 Bloomberg Business News [BOMBAY] Reliance Industries Ltd, India's largest petrochemical maker, said first-half net profit rose 2.8 per cent as rising sales helped it overcome falling petrochemical prices. Net profit for the six months through Sep 30 was 6.51 billion rupees (*****.4 million) against
          Bloomberg Business News  -  62 words
        • Article
          Lock icon President profit up 37% to NT$2.27b
          51 9 Bloomberg Business News [TAIPEI] President Enterprises Corp, Taiwan's largest food company, said pre-tax profit in the nine months to September climbed 37 per cent from a year earlier. Pre-tax profit rose to NT52.27 billion (*****.7 million) from NT$l.65 billion a year earlier. Bloomberg Business
          Bloomberg Business News  -  51 words
      • Article
        Lock icon Northwest Airlines Q3 earnings up 9.9% to US$254m
        400 9 Rise in air traffic offsets higher fuel costs, weaker yen Bloomberg Business News [MINNEAPOLIS] Northwest Airlines Corp's third-quarter earnings rose 9.9 per cent, as an increase in air traffic offset higher fuel costs and the impact of a weaker yen. The United
        Bloomberg Business News  -  400 words
      • Article
        Lock icon Morgan to cut Solv-Ex stake after probe
        258 9 Bloomberg Business News (WASHINGTON] Morgan Grenfell Asset Management Ltd said it plans to sell more than half its stake in Solv-Ex Corp after discovering it controls 12.4 per cent of the company's stock. The ownership by Morgan, a unit of Deutsche Bank, was
        Bloomberg Business News  -  258 words
      • Article
        Lock icon Virgin eyeing stake in mainland China airline
        409 9 Move part of plan to be first carrier on London-Shanghai route SCMP [HONGKONG] Virgin Atlan tic Airways is looking closely at taking a stake in mainland carriers China Eastern or Shanghai Airlines as part of a broader bid to become the first carrier
        SCMP  -  409 words
      • Article, Illustration
        Lock icon Pearson names Economist's Marjorie Scardino as new chief
        464 9 FT NYT [LONDON] Pearson, the British media, information and entertainment group, on Thursday announced big changes in its top management, including the appointment of Marjorie Scardino, the current chief executive of The Economist magazine group, as chief executive. Mrs Scardino, 49, will
        FT; NYT; Source: Bloomberg  -  464 words
      • Article, Illustration
        Lock icon Murdoch in talks to buy stake in NZ pay-TV operator
        268 9 Reuter [WELLINGTON! Rupert Murdoch's New Zealand news group, Independent Newspapers (INL), said yesterday it was in talks to buy a substantial shareholding in the country's largest pay-TV operator, Sky Network TV. Analysts said Mr Murdoch, via his News Corp, was
        Reuter  -  268 words
      • Article
        Lock icon Deutsche Telekom IPO: 3m sign up
        340 9 FT Bloomberg Business News [BONN] Deutsche Telekom is likely to have to scale back the number of its shares available for individual investors in Germany because the issue, Europe's biggest initial public offering, is heading for massive oversubscription. More than three million people, far
        FT; Bloomberg Business News  -  340 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon Kiwi dollar hits new highs against greenback, Sings
        329 10 Surge fnelM by Mfof tb&t New Zealand oMtral bank wants interest rates aad carreacy UsUy fira [SINGAPORE] The New Zealand dollar hit an eight-year high against the US dollar and a five-year high against the Singapore dollar yesterday on expectations that interest
        Source: Bloomberg  -  329 words
      • Article
        Lock icon Bankers Trust Q3 earnings up 14%
        388 10 Imctaait hanking, Ausfe gaiis t tower tndiag profits Bloomberg Business News [NEW YORK] Bankers Trust New York Corp third-quarter earnings rose 13.5 per cent as gains from investment banking and an Australian fUnd management unit offset lower securities and derivatives trading profits. Meanwhile, Bank
        Bloomberg Business News  -  388 words
      • Article
        Lock icon Daiwa Securities to write off 100b yen debt
        182 10 AFP [TOKYO] Japan's Daiwa Securities Co Ltd will write off 100 billion yen (551.26 billion) against bad debts of its affiliate Daiwa Finance in the year to March, the Nihon Keizai Shimbun said yesterday. An official of Daiwa Securities, one of Japan's
        AFP  -  182 words
      • Article, Illustration
        Lock icon US dollar bulls still intact
        409 10 ITfflV—ifci All was quiet for US/mark on Monday, with the unit trapped between 1.5285 and 1.5315. But the greenback subsequently staged a bullish rally, touching a high of 1.5452 on Thursday. DBS maintains a bullish US$ sentiment, with support seen at 1.5360 and then at
        Seource: DBS Bank; ALLAN  -  409 words
      • Article
        Lock icon AT&T's credit card division slips into deficit
        211 10 FT [NEW YORK] AT&T's credit card business, the third-larg-est in the US, stumbled into the red during the summer as personal bankruptcies across the nation mounted, the company reported on Thursday. News of AT&T's credit card problems came as the US telecommunications company
        FT  -  211 words
      • Article
        BOC affinity card for members of Sino-S'pore association
        229 10  -  By] Lu Ning [SINGAPORE] The Bank of China (BOC) here has launched an affinity card programme for members of an association which promotes cultural, economic and trade relations with China. The bank yesterday signed an agreement with Singa-Sino Friendship Association, providing its
        229 words
      • Article
        Lock icon World sugar output surplus expected again for 1996/97
        227 10 Reuter {LONDON] World sugar production should total 123.8 million tonnes raw value in 1996/97, 200,000 tonnes higher than in 1995/96, the International Sugar Organisation (ISO) said yesterday. This would lead to a global sugar surplus of 2.5 million tonnes, the second year
        Reuter  -  227 words
      • Article
        Lock icon Asian air fares poised to rise on fuel costs
        315 10 ENERGY REPORT Reuter [SINGAPORE] Asian air fares are likely to rise before the end of the year due to sustained high jet fuel costs, industry sources said yesterday. "What they (airlines) will do is reduce the amount of discount given." said
        Reuter  -  315 words
      • Article
        Lock icon CURRENCY REPORT
        171 10 Reuter London THE dollar closed little changed against the mark but gained ground versus the yen as the Japanese unit suffered a fresh bout of weakness. Initial dollar sales after the release of US trade data were reversed as the dollar caught bids below 1.54 marks. The August
        Reuter  -  171 words
      • Article, Illustration
        Untitled
        1279 10 MTBKBAMMCEQggBATBg g ra m wimw vm mm m mm* n» H g im —t*w* w$y SSS 1074 Iff* 013* 4141 122* 6.145 ***** *.470 0194 6375 1992 U29 29,640 ***** 1124 Wt 100* 21M8 ***** 0 501 OfP S?* aw 5 *£g A L J2 7*55 L05,Z7 404 IW 1*7
        1,279 words
    • Article
      COMMODITY PRICES
      1642 11 gCOM FUTUiiBS Oct 18 de*|« SJOie) RSS1 CONTRACTS cNti/fco) Oom Votano Opoo > owt)> Mjfe Lm Sott (toonot) jjjorart Nov 96 176.00 490 171.00 1725 J*97 ***** 1850 «2-75 2250 •Mr9? 183.50 1850 Apr/tan 97 187.00 ***** 184.50 225 3825 J*/S«9 97 185.00 3900 Oct/0* 97 »5,50 RSS
      1,642 words
    • Article
      WORLD STOCK MARKETS
      2138 11 LONDON 9ct» EfclllMl Peat* *h AB Ports 267.400 3.600 AMey National 611 5 Allied Domecq 472.400 -5.600 Amec 16.400 -2 Aid* Group 114.400 *1 BAT Ind 431.400 -6 BICC 34 unch BOC Group 868 .600 BR Petroleum 679 1.600 BTR 262 unch Bank of Scotland 274 2
      2,138 words
    • Article
      Lock icon TOKYO
      1621 11 Reuter PjftMjjS +188*56 STOCKs closed higher yesterday, propped up psychologically by a new record high on Wall Street overnight as well as hopes that Japan's general election tomorrow will produce a stable government capable of executing policies to help the economy, brokers said. The 225-share Nikkei Average ended 188.56
      Reuter  -  1,621 words
    • Article, Illustration
      Lock icon HONGKONG
      1652 12 AFX-Asia Q Hang Seng +7345 SHARE prices closed sharply higher yesterday at a record closing high led by Financials and properties. However, dealers said volumes were lower than in recent sessions with trade cautious ahead of an expected correction. The Hang Seng Index closed up 73.25 points at 12,510.05.
      AFX-Asia  -  1,652 words
    • Article, Illustration
      Lock icon CHINA
      637 12 AFX-Asia FlShnduuß Shire Indei +OJ3 SHANGHAI B shares closed slightly higher yesterday, as some investors sold stocks that have posted big gains recently in favour of cheaper stocks. The B Index, which tracks 41 shares that foreign investors can own, rose 0.13 point to 48.52. Trade was worth US$2.l
      AFX-Asia; Source: Credit Lyonnsis Securities(Asia) Ltd  -  637 words
    • Article
      Lock icon TAIPEI
      391 12 AFP □wp Index -1&82 SHARE prices finished lower yesterday due to late selling pressure on selected stocks. "Despite modest gains of shipping issues from the opening of trading, late selling pressure on constructions and plastics sent the index down into the negative territory," said a trader. The TSE Weighted
      AFP  -  391 words
    • Article, Illustration
      Lock icon JAKARTA
      762 12 AFP ([|||toinDogtclndei +LOB SHARE prices closed slightly higher yesterday as earlier gains in Telkom and Indosat were pulled back by profit-tak-ing, dealers said. "The market definitely has recovered slightly as a whole. Investor confidence was given a boost by the way that Telkom and Indosat picked up," Deutsche Morgan
      AFP  -  762 words
    • Article, Illustration
      Lock icon BANGKOK
      839 12 AFP HsgThd" *18.48 SHARE prices closed up yesterday, after better-than-ex-pected third quarter results from two commercial banks. "There was heavy buying in the finance sector following the announcement today by IFCT (Industrial Finance Corporation of Thailand) and FBCB (First Bangkok City Bank) of their third-quarter results," said a broker.
      AFP  -  839 words
    • Article
      Lock icon MANILA
      322 12 AFP QManila +3&67 SHARE prices rose yesterday as investors hunted for bargains despite an expected rise in inflation for October. The PSE Composite Index gained 38.67 points to 3,099.73. Turnover was 8.4 billion shares worth 3.6 billion pesos. PLDT rose 45 pesos to 1,585. while Ayala Land Inc was
      AFP  -  322 words
    • Article
      Lock icon SEOUL
      397 12 AFP Q Composite Index 4.48 SHARE prices closed 1.1 per cent lower yesterday amid unconfirmed rumours of a probe into price manipulation, dealers said. The Composite Index fell 9.48 points to finish at 830.25. Turnover was 44.6 million shares worth 772.3 billion won. Falls beat risers 812 to 136
      AFP  -  397 words
    • Article
      Lock icon SYDNEY
      613 12 AFP MAflOriinariM +L 2 SHARE prices rose yesterday after early gains in the resource sector were reversed in a late sell-off. The All Ordinaries Index edged up just 1.2 points to 2,355.0. Turnover was 387.2 million shares worth A 5831.7 million. Resource giant BHP slumped 23 cents to A
      AFP  -  613 words
    • Article
      Lock icon WELLINGTON
      281 12 Bloomberg Business News Q Wellington *1237 STOCKS rose yesterday on expectations that interest rates will decline, traders said. The benchmark NZSE Top 40share Index rose 12.37 points, or 0.53 per cent, to 2,361.08. oct» w cum ANZ Banking 8.25 -0-20 6422 Advantages HMq* 1 JO unch ***** Air Mm
      Bloomberg Business News  -  281 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Blue chips lead pre-budget rally
        8202 13 AFX-Asia n Composite Index +17J8 SHARE prices closed higher yesterday, with blue chips leading a pre-budget rally on renewed interest from foreign funds, dealers said. The KLSG Composite Index closed up 17.18 points at 1,175.60 on turnover 0f354.8 million shares worth M 52.84 billion. All
        AFX-Asia  -  8,202 words
    • WARRANTS & OPTIONS
      • Article
        H Leong Prop wrts worth watching
        3821 14  -  WARRANT WATCH -By R Sivanithy THE activity in Malaysia yesterday is a clear indication that sentiment north of the Causeway is far better than it is in Singapore. This being so, we should perhaps swing our sights in that direction and see what we
        3,821 words
    • Article
      CLOB INTERNATIONAL
      2365 14 MALAYSIAN STOCKS Of Of 1996 LMt Vol Day Last Ouotl Mv Wv VM Nat M Cap High Low Stno Company Sala rOOO) High Law Buyar Sa6ar Cw P/t 625 360 ms 5000 AJSB50C 422 Cd *2 1 422 422 424 430 54 4.9 03 88J 432.9 119 84
      2,365 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1292 15 TURNOVER COOO) VAUIC COOO) Mrtn CI* T*H Mam CM TrtH Wduitrt* 44J95 10,642 5V237 72,516 24,456 96.975 rtn«nc« 4.234 6,608 10,642 41.064 l,tU 49,946 Hot*)* 623 309 926 1.623 496 2.119 Prop*rtl*t 7,233 4.479 11,712 33.070 5,066 ***** P1*ot*»ton 1,270 UTO 3,504 3.504 Mtnu* 269 269 776 776 ftLW 3.625
        1,292 words
      • Article
        MAIN BOARD
        4654 15 Cr Or M Wt 1996 Last V* Day LastQuete Mv 04v VM Net Cm Avg Wan Law StNo Company Sat* COOP) High Law Buyer uam C'*T P/I $mM Price INDUSTRIALS 5146 ASENTS***** US- 1000 900 ASF US$0.***** US900 950 90.0 214 165 1258 Acer50« US180 *2 267 180
        4,654 words
      • Article
        SESDAQ
        1005 15 Or Gr M Wt u»t Vai Day Last Owti Ot* Dtv VM Nat Caa Av« Hl«fc LaaI StNo Company SM COOP) MH> Ln 8uyar M« C'yr P/E (mil Met SESOAQ 289 133 f 2000 ABRHIdQsSc 161 -1 31 >62 161 160 161 3.0 14_2 ai 100.6 7L6 161 90
        1,005 words
      • Article, Illustration
        HOT STOCK
        62 16  -  -fey] Paul Leo KULIM MALAYSIA surged 22 cents to $3.06 with 826,000 units done yesterday. While there is a possibility of the Clob counter testing its all-time high of $3.26, investors are advised to take profit as Relative Strength Indices are in highly overbought territory and the Average
        62 words
      • Article, Illustration
        Local stocks languish while KL blue chips surge
        909 16  -  STOCK MARKET COMMENTARY Foreign funds bny M'si&n property counters ahead of next week's budget on talk that measures to curb speculation in the sector may be lifted By R Sivanithy [SINGAPORE] A late burst of program buying enabled the Malaysian stock market
        909 words
      • ON THE GRAPEVINE
        • Article
          No break for some Simex dorian
          69 16 THE Singapore International Monetary Exchange (Simex) says that with effect from Oct 28, the morning break for both Euroyen and Japanese government bond (JGB) futures and option contracts will be discontinued. Euroyen trades will henceforth be traded non-stop from 7.58 am till 8.05 pm
          69 words
        • Article
          Wooing investors through the stomach
          89 16 INVESTORS could have had an early indication that Delifrance's IPO would probably be well received, judging by how well the company products were consume Its "le financier" pastry went fast at a reception for CM Telecom at the Stock Exchange of Singapore's office early this
          89 words
        • Article
          Growing pains
          88 16 SCOTTISH fund managers Abtrust Singapore ended the launch of their maiden local unit trust, the Abtrust Singapore Growth Fund, yesterday. No one is saying how much they raised at the end of the month-long launch period, but we reckon they raised between $5 million and $10 million. Not
          88 words
        • Article
          Sexual misconduct insurance
          74 16 AMERICAN International Group Inc has started selling sexual misconduct insurance to organisations that care for children In the US. It says the policy covers public, private or religious organisations and employees as well as volunteers against allegations of sexual misconduct Involving minors or others deemed legally incompetent.
          74 words
        • Article
          Nightmare or dream chance
          168 16 US INVESTMENT bank JP Morgan recently said in a report that the information systems community is headed towards an event more devastating than a car crash. "We are headed towards the Year 2000," they said, and reckoned that it's going to cost a very conservative US$2OO
          168 words
        • Article
          Talking about being meticulous
          117 16 A FEW days ago, BT received a copy of what is arguably one of the clearest and most succinctly written guides for the foreign investor to the Indian stock market. Its author is Tadashi Endo, who is deputy managing director of the Nikko Merchant Bank. Then,
          117 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      320 7 GUANGZHOU LIMITED (Incorporated in Hong Kong on 16 June 1992) INVITATION IN RESPECT OF 61,200,000 NEW SHARES OF HKSO.IO EACH COMPRISING:(1) 6,800,000 SHARES ("OFFER SHARES") AT HK52.555 FOR EACH OFFER SHARE BY WAY OF PUBLIC OFFER; AND (10 54,400,000 SHARES ("PLACEMENT SHARES") AT HKs£sss FOR EACH PLACEMENT SHARE BY WAY
      320 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      23 12 y Exceptional Character. JOAILLIER EN HORLOGERIE electronic o reWTOBSfIPT movement PIAGET Boutique: *01-098 Ngee Ann City Towerß, 391 Orchardßd, Singapore *****4 TeL *****31-
      23 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      35 14 SMOOTH AS SILK TO BANGKOK Travelling to Bangkok? Fly smooth as silk on Thai a ml six times daily* Enjoy gourmet food, vintage llwltO UAILTb French wines and a standard of service that's Smooth as
      35 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      33 15 ■I EXTRA SPIN Combines the Superior Distance with the Spin and Control of Wound Balls. 2>-^g2 EXTRA DISTANCE The Ultimate Ball for Distance and Accuracy. ASCENTE PTE LTD 12 Road #06-01 Cheong 7227
      33 words
    • Advertisement
      Page 15 Advertisements Column 2
      26 15 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. tCall C.A.T.S. at 1800-737-1166. Another Classified SMfvioe
      26 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      311 16 BUSINESS Notices TO ADVERTISE CALL TOLL-FREE 1800-7 4 1 1883 .Arthur Andersen m Sale by Provisional Liquidator We have for sale by tender, the following:1. Freehold properties: Two lots of 2-storey intermediate terrace building located in a row of 2-storey terrace building comprising shop units on the Ist storey and
      311 words
    • Advertisement
      Page 16 Advertisements Column 2
      440 16 r IN THE MATTER OF THE A COMPANIES ACT, CAP. 50 AND IN THE MATTER OF BAN LEE FATT TRADING PTE LTD (In Voluntary Liquidation) At an Extraordinary Qanaral Moating of the Company hafcJ at 7500 A Baach Road #*****/322 Tha Plaza Singapore *****1 on Saturday. 12th October. 1996 at
      440 words
    • Advertisement
      Page 16 Advertisements Column 3
      877 16 O STATE BANK OF INDIA (INCORPORATED IN INDIA) Central Office Mumbai- 400 021, India BALANCE SHEET OF THE STATE BANK OF INDIA AS ON 31ST MARCH 1996 BALANCE SHEET PROFIT LOSS ACCOUNT (000s omitted) (000s omitted) As On As On Year Ended Year Ended CAPTIAL 31.03.96 31.03.95 31.03.96 31.03.95 LIABILITIES
      877 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon The business of Christmas
      1237 17  -  Like busy elves, they work behind the scenes to put up shop displays and fly in your poinsettia, turkey and ham. jauib m and oobxhiib kerk talk to the companies that 'create' Christmas in Singapore JAIME EE and CORINNE KERK SNOW and mistletoe may not be
      PHOTOS BY ARTHUR LEE  -  1,237 words
    • STRAWS In The Wind
      • Article
        In other words ...
        137 17 In other words KVER wondered what terms like "competitive salary" and "flexible hours" really mean? Here's one interpretation of the secret labour code that appears in classified ads: Competitive salary: We remain competitive by paying less than our competitors. Join our fast-paced company: We have no time to train you.
        137 words
      • Article
        Right of way
        82 17 IT SEEMS the Automobile Association of Singapore was on the right side of the road after all. A couple of weeks ago, we said in this column that the association's Highway magazine had run a Business Times photo, first without attribution, and then again with a credit
        82 words
    • PROFILE
      • Article, Illustration
        Lock icon Moving from failure to fiction
        1924 18  -  Ben Okri wanted to be a scientist a musician or a painter, but ended up as a writer. The master of poetic-surrealism and winner of several literary awards, including Hie 1991 Booker Prize, tells hakish mehta how he discovered that words were his true calling.
        CAMERA PRESS  -  1,924 words
    • LEISURE
      • Article, Illustration
        Some boring truths about boys
        598 19  -  CINEMA At First Sight offers few surprises and even fewer insights with its formulaic script abont guys and gals, and the birds and the bees By\ Holly Harrison DON'T be misled: At First Sight (released in the US as Two Guys Talkin' About Girls), is
        598 words
      • Article
        Encountering the unexpected on Purvis Street
        355 19  -  NIGHTSPOT By. A Surendren REMEMBER those famous opening lines in the TV series The Twilight Zone where you are invited to cross the line into the unfamiliar, the unknown and the uncanny? I had my own twilight zone experience last week when, on passing
        355 words
      • Article, Illustration
        WHAT'S ON
        384 19  -  Compiled by Holly Harrison oojwnw Cologne Chamber Orchestra One of the leading chamber orchestras in Germany, the Cologne Chamber Orchestra will be in town for a brief visit. Their one-night programme highlights the work of J S Bach, Vivaldi and Telemann. Helmut Mueller-Bruehl conducts. Oct 22 at Bpm,
        384 words
    • A BT ADVERTISING SPECIAL
      • Article, Illustration
        France's great wine producing regions
        891 20 WHO has not heard of Champagne, Chablis, Bordeaux or Burgundy? Not only are they names of famous French wines but they are also places on the country's map. Their connections also explain France's pivotal position in wine. France's long track record and purposeful devotion to
        891 words
      • Article, Illustration
        Satisfying the three Ps — pocket palate and place—the French way
        1273 20 Satisfying the three Ps pocket palate and place —the French way THERE will always be a French wine to satisfy every pocket, palate and place. That is the message Sopexa, a non-profit organisation formed by the Ministry of Agriculture and food and trade industries in France, wants to get across
        1,273 words
      • Article, Illustration
        Learning to appreciate French wine
        638 21 How to read a label YOU can take your fascination with French wines one step further with a series of Wine Workshops and Food and Wine Pairing Dinners/Lunch organised by Sopexa. French Wine Appreciation Workshops (Oct 26-Nov 30,1996) These 1 Vi -hour wine workshops are
        638 words
    • EPICURE
      • Article, Illustration
        Lock icon Thriving in greener pastures
        694 22  -  Lei Garden has done well in moving its flagship restaurant from Boulevard Hotel to Chijmes. juke be explains why JAIME EE IF YOU thought eating Chinese wasn't fashionable anymore, and that no self-respecting diner looks twice at a menu that doesn't have couscous, risotto or Australian
        CHRIS LOH  -  694 words
      • Article, Illustration
        Peranakan flavours
        316 22  -  U BITS AND BITES By, Jaime Ee IF THERE'S one cuisine that never seems to go out of style, it's Peranakan. No wonder, then, that Hilton Hotel's Checkers Cafe has replaced its Thursday Indian buffet with a Straits Chinese spread. As it is with most restaurants that offer
        316 words
    • Article, Illustration
      CINEMA
      1115 23 At First Sight. Jonathan Silverman (The Single Guy) can't follow through with women and his pal Dan Cortese can't commit. Lido: 11; 1.30; 4; 6.30; 9; 12am. Changi: 11; 1.30; 4; 7; 9.15. See review on EL 3 The Babysitter. Clueless' Alicia Silverstone is a freaky babysitter men just
      1,115 words
    • TRAVEL
      • Article, Illustration
        Lock icon See you in the movies
        1535 24  -  To thrive in star-spangled Los Angeles, you need to be young, beautiful, thin and trendy. And to get anywhere, you need a good set of wheels. mask graham goes for a spin in the city where the rich and famous preen and party MARK GRAHAM
        ALL PHOTOS BY MARK GRAHAM FOR BT  -  1,535 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      621 19 ADVERTISEMENT Gran Melia Jakarta shining bright The newest star in the exclusive firmament of Jakarta's five star hotels guests operate on their own to South European haute feature desks located is full of pleasant surprises. From the azure contours and angles of scheduks sa y sHardman cuisine Spectacular views beside
      621 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      662 22 Where to wine, dine and entertain EXOTIC HnAstnest vFire w&B 7 20 OCTOBER 1996 BH Highlights WK2 3 guest chefs from Indonesia UflH Daily Traditional Dessert Demonstration Traditional Dance every evening AbHI Lucky Draw-Win a return ticket to Bali HH and more... SSSfIH Fashion Show every Friday night Lunch and
      662 words
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      Page 22 Advertisements Column 2
      86 22 *ii nmmmn m~ Pi^EST Dian Xm Restaurant At The Neptune on Shenton Way Dian Xin/Lunch 11.30am-2.30pm (Ji,) "sJ*" 7TH FLOOR. OVERSEAS UNION HOUSE. COUYER QUAY. SINGAPORE *****1. TEL: 224 3922 Great Value Semi-Buffet Dinner Comes complete with soups, salads and desserts from the buffet bar plus your choice of a
      86 words
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  • Page 23 Miscellaneous
    • Miscellaneous
      Page 23 Miscellaneous Column 1
      686 23 RECOMMEJHDEI) ViHWIHO P;f>n in 9i the traditional Christmas in a stQry with a Natiye SD Ol American tribe, with the US Calvary in hot pursuit. With Or Without You, 10.30pm, Ch 8 Connection* 2: Better Jacky Cheung, Leon Lai Than The Real Thing, and Rosamund Kwan star 6.30pm, Premiere 12
      686 words
    • Miscellaneous
      Page 23 Miscellaneous Column 2
      1572 23 TODAY'S TV PnaiMlS 11 7 7 Tharagai (Tamil Talen tune/3rd Semi Final). lt\ < 'X* l jSMIBk 7JO Tamil "Seithi (T). LOO PMGolf APGA96. V 8.00 Berita 12 (AO. 2.00 1996 ATP Tour Highlight h|| BJO Jeneral Soedirman. Show vWaXJ. F »J0 Tamil Art-House Movies 3.00 Tennis World: Bermuda vXill
      1,572 words
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