The Business Times, 26 July 1997

Microfilm: NL20798
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 THE BUSINESS TIMES MITA(P) 023/12/96 SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, JULY 26-27,1997
    12 words
  • Article
    MARKET SUMMARY
    48 1 52m (-O.H) 05uL+7*) BIMUS (-1.47) SmM+o.72) fTWlWIP—■ Friday Change IjMlJf -4JJ NfKKH 2M8KA4 ♦HUl HANGSBNO MJHLI3 41.11 SKTiNDRX mm >im JAKARTA 00MP_7IMt -IJ» MANILA COUP —SJHMI -All TAHW WPI S3HJ1 +1714) SHOULCOVP aut in OSA CHINA B-_UM8JI 4Jt AUSTALLORD mil +M IJapaEDT Cfcaage DOW JLI3M9 +SM
    48 words
  • Article
    FINANCE
    57 1 a [St 1.471 A MM 1441 DM IMS MM XWjm UN UM ML U78 UM Httv in UN BA#r___ Mil MM WHAHIM MM MM noBBim SINGAPORE* 144 KUALA LUMPUR Ml JAKARTA HUM BANGKOK ll» MANILA 11M HONGKONG S.7I TAW m SYDNEY 5.56 TOKYO 1.19 awcir txn fSANHURP" AM LONDON
    57 words
  • Article, Illustration
    Lock icon Venture Mfg rolls out challenge to Creative Tech
    694 1  -  Analysts divided over impact of new audio software product By« Jennifer Lien [SINGAPORE] Venture Manufacturing yesterday morning launched an audio software product that promises to give kingpin Creative Technology a run for its money. It was most unexpected and the market's response
    Source: Bloomberg  -  694 words
  • Article
    Retirement age to be raised to 62
    414 1  -  By' Teh Hod Ling [SINGAPORE] The statutory retirement age will be raised from 60 to 62 from January, 1999, Labour Minister Lee Boon Yang said yesterday. And to ensure that Singapore maintain its competitive edge, employers who retain workers older than 60 will
    414 words
  • Article, Illustration
    Lock icon Call for minimum corporate governance is misguided: Dr Hu
    573 1  -  SES chief assures companies rules are not to shackle them By I Catherine Ong [SINGAPORE] Pressured to ease up on the tougher audit committee rules it introduced eight months ago, the Stock Exchange of Singapore (SES) pulled out all stops yesterday
    ST/STKPHANtE YEOW  -  573 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      95 1 IMIUIM John Morgridge, chairman of Cisco Systems, talks about Cisco's acquisition strategy, corporate culture and plans fortheftrture, ELI t'• t**- r -v T' FairPrioe HQ The market chain is spending $110 million to expand its hoadguarters facilities at Upper Thomson Road, Ufa Ipniathered Infrastructure project Ipoo International has plunged into
      95 words
    • Advertisement
      Page 1 Advertisements Column 2
      9 1 Sharp rise in electronics stocks worrying, Pg 7 (fwr
      9 words
    • Advertisement
      Page 1 Advertisements Column 3
      242 1 The Grand Chinese State Banquet August Bto 28, 1997 fJJjJ S presented by the world renowned Diaoyutai State Guesthouse of Beijing at Tung Lok Shark's Fin Restaurant |hH|B «<* nJ^Z i^si There a special place f China, where the my best the Masterchefs serve op the most nqnkitr meals for
      242 words
    • Advertisement
      Page 1 Advertisements Column 4
      3 1 More reports, PgB
      3 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Arts radio station starting soon
      642 2  -  YESTERDAY Of PARLIAMENT Year-end lannch for 'community station' to be ran by National Arts Conncil: BG Yeo By Chuang Peck Ming Diana Oon ARTS promotion in Singapore will soon be given an added boost Information and the Arts Minister George Yeo yesterdaysakl an arts radio
      642 words
    • Article
      Bidders for telecom licence shortlisted
      208 2  -  All three cenaertia in race fer basic licence pre-qnalified: TAS Byl Teh Hooi Ling ALL three consortia in the running for the basic telecom licence have been shortlisted by the Telecommunication Authority of Singapore. The three pre-qualified consortia are; ♦Telecom One which comprises Keppel Telecoms,
      208 words
    • Article
      Sing Tel copyright court case adjourned
      215 2 r SINGAPORE Telecommunication?' civil suit over fseged infringement or copyright has been adjourned to a date to be fixed. Computer programmer Chua Phuay Kiang is suing Sing Tel for allegedly copying his coding table and computer program in its message paging service. He claims
      215 words
    • Article
      LTA awards $730 m in MRT contracts.
      196 2 THE Land Transport Authority said yesterday thaMt has awarded five contracts worth $730 million for the North East (NE) MRT line. With these five contracts, LTA has awarded a total of more than $2.25 billion worth of contracts for this project. Two of
      196 words
    • Article
      India touts new oil and gas sector policies
      329 2  -  Tax holidays, 100% foreign ownership MMUhatmi By Vikram Khanna INDIA has opened up all segments of its hydrocarbons sector to foreign investment on terms as attraptito at any in the world, the country's Minister of State for Petroleum and Natural, Gas T
      329 words
    • Article
      NTUC Fair Price to spend $110 m to expand HQ
      479 2  -  Group net profit rises 3% to $52m; plana to distribute $3&5 m in rebates, dividends By. Ang Wan May SINGAPORE'S largest supermarket chain NTUC Fair Price is spending $110 million to expand its headquarters facilities at Upper Thomson Road. When
      479 words
    • Article, Illustration
      HDB contractor in $25m China venture
      333 2  -  By] Lu Ning A SINGAPORE consortium headed by Housing and Development Board contractor Pillar Construction is developing a $25 million township project in Nanning, the capital of China's southern Guangxi province. The project, called Singapore Town, is situated in the heart of the city
      333 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      68 2 W ARTISTRY IN <3 LASS v <fc« JK r r AN EXHIBITION OF FINE ENGRAVINGS. SCULPTURES, TABLE DECORATION* GIFTWARE »"«i» "f»V *"*s/-• V 1 Friday 25th July Sunday 3rd August 1997. V v, 'V m r s m Biflfll mi W "COLUMBINE*V Engraved by Balcar of MOSER Glassworks, Karlovy Vary,
      68 words
    • Advertisement
      Page 2 Advertisements Column 2
      5 2 Singapore Business the winning edge
      5 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      321 2 THE WEATUHR Skw*** Fair except for showers mainly over eastern and northern Singapore in the afternoon. Temperature (33-25) aSj SSL 555 awyw BaamAra IMB Ctoady Chad) tun <ta* Hi I, a/g shi»u» c -r atm P a 11/11 Ckmt) U*Aap*a umay baa Cka* fn*tm Wit Cloady lentoC* tVI» OmJt Hn#m
      321 words
Page thumbnail Page 3
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      90 3 Ideally situated at Dover W~ W m V yr fKSSMtt ffi*. Heritage View is can- I J Tft fX*l/ I venimily close to s« of j|_ (y f/ (y(.' \~\J Jg» y ■■■L^ hall ■Luxurious Condominium' mm* Apmmmrmjmqß HUBUfflHifl A/o Restriction on Foreigners £0531 Instalments IMibhhhuhh h OP EN FOR
      90 words
Page thumbnail Page 4
  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        561 4 Those polled for their views on the Singapore stock market outlook next week were: Alliance Securities', Daiwa, Deutsche-Mor-gan Grenfell, GK Goh, ING-Barings, Merrill Lynch, Phillip Securities. DBS Land ♦(Buy) OCBC Investment Research, July 25, $4.72 DBS Land has entered into a 60:40 joint venture with Temasek Holdings
        561 words
      • Article, Illustration
        In My Opinion
        432 4  -  By Prasenjit K Basu Dtreotor, Regional übs sssrv HfT\ HE Singapore dollar I has necessarily X weakened against the US dollar amid the sharp depreciation of regional currencies, three of which the ringgit, baht and rupiah together account for about onethird of the trade-weighted basket against which
        432 words
    • Article
      China funds streak ahead
      1061 4  -  Those invested in Singapore and Malaysia end at bottom of Micropal unit trust rankings for half year to July 1 By I Shiv Taneja [SINGAPORE] Driven by the sparkling performance of the Hongkong stock market, three of the top five performing unit trusts in Singapore in
      1,061 words
    • Article
      RCB's revised unit trust rules to benefit investors
      535 4  -  Initial mkiiimnH investments cat by as much m 50% By\ Shiv Taneja [SINGAPORE] The Registry of Companies and Businesses (RCB), which regulates unit trusts here, has amended some of its April guidelines on savings plans as well as the levels of initial
      535 words
    • Article
      ACU DEPOSIT RATES
      533 4 farttfCMn *****249.999 i*m tjooo 7.0000 A$ 250.000 90MM TJMO ***** 7.1200 KIOOO 49,999 ***** 43B5 430 Beht 50.000 (Move ***** ***** ***** 500.000-2.499.999 I2J700 tllOO <JM Dmli 21 ■!-4999.999 aoooo 0.7500 uooo 10.000 49.999 2.4375 2.4375 2.4375 M Rp 50.000 Alaw 2J425 2*25 ***** H mi 241.9
      533 words
    • Article
      New retail option on the bond menu
      500 4  -  Analysts expect boad deposits to be well received: are they a good buy? By\ Shiv Taneja [SINGAPORE] Usually, the only way retail Investors are able to get their hands on corporate bonds is if they have real deep pockets or If they buy
      500 words
    • Article
      Lock icon M'sian stocks on fund's buy list?
      243 4 Bloomberg [SINGAPORE] Bankers Trust Funds Management (Singapore) Ltd may boost its stake in Malaysian stocks, depending on profit results for the half year that ended in June. Bankers Trust could increase the percentage of Malaysian stocks in its Far East portfolio to between 15
      Bloomberg  -  243 words
Page thumbnail Page 5
  • REGIONAL CURRENCY TURMOIL
    • Article
      Lock icon Asian central bankers to study ways to boost currencies
      461 5 SHANGHAI Joint statement falls short of promises to intervene directly to prop op neighbouring units Bloomberg ASIAN central bankers, reeling from speculative attacks this month that drove down the value of their currencies, agreed to study ways to boost their value.
      Bloomberg  -  461 words
    • Article
      Thai crisis goes beyond currency: Japan
      523 5  -  TOKYO Japanese Finance Ministry insists Thailand should look first to IMF for help By. Anthony Rowley NO solution to the financial problems of Thailand and other Southeast Asian countries should have been expected from the Shanghai meeting of regional central bankers yesterday because the
      523 words
    • Article, Illustration
      Lock icon ING offers to help Manila tap markets for up to US$ 1b
      338 5  -  MANILA By. Al Labita ING Barings has offered to raise US$5OO million (***** million) to US$l billion from foreign capital markets to beef up Manila's sagging reserves, an official said yesterday. Central bank governor Gabriel Singson said the
      AFP  -  338 words
    • Article, Illustration
      Lock icon Protesting the peso's fall
      45 5 [MANILA] Protesters wearing masks of President Fidel Ramos (left) and Uncle Sam (right), plastered with fake US dollar notes, holding a man representing the Filipino people to dramatise the fall of the Philippine peso during a rally in Manila yesterday. AFP
      AFP  -  45 words
    • Article
      US adopts hands off approach as it believes problems are manageable
      476 5  -  WASHINGTON Greenspan's assurances on inflation may help markets recover By Leon =Hadar THE Clinton administration, working together with the International Monetary Fund (IMF) and other financial institutions, has decided to adopt a "wait-and-see" approach towards the current currency turmoil
      476 words
    • Article
      More joint efforts to fight speculators
      309 5  -  ASBAM mmSTEBIAL MEETDfO From. Ronnie Lim in Kuala Lumpur ASEAN plans to step up joint efforts to tackle speculative attacks on regional currencies, Malaysian Foreign Minister Abdullah Badawi said yesterday. He was elaborating on the Asean Ministerial Meeting's communique which said: "The foreign ministers
      309 words
    • Article
      Chavalit under pressure to go to IMF for emergency aid
      603 5  -  BANGKOK Politicians, analysts warn that argent action needed to ease liquidity squeeze By] Hariah Mehta PRESSURE mounted on the Chavalit government yesterday to borrow up to US$2O billion (Ss29 billion) in emergency funds from the International Monetary Fund and Japan
      603 words
    • Article
      Lock icon Soros fund: Our forex activities not linked to Myanmar
      174 5 NEW YORK AFP THE Soros Fund Management (SFM) of famed financier George Soros on Thursday denied suggestions it had intervened on South-east Asian currency markets in order to punish certain governments that supported Myanmar's admission to Asean. Malaysian Prime Minister Mahathir
      AFP  -  174 words
Page thumbnail Page 6
  • REGION/WORLD
    • Article
      Lock icon US orders for big-ticket items up 2.3% in June
      394 6 WASHINGTON Increase larger than expected with half coming frem aircraft orders Bloomberg ORDERS to US factories for big-ticket durable goods in June rose a larger-than-expec-ted 2.3 per cent, with half the increase coming from a flood of orders for commercial aircraft,
      Bloomberg  -  394 words
    • Article, Illustration
      Solarz protege may get top Asian job
      385 6  -  WASHINGTON By\ Leon Hadar STANLEY Roth, a long-time Washington political operator with close ties to the Democratic Party machine, is expected to be confirmed soon by the Senate as the Clinton administration's top Asia hand. After several months of congressional investigations into Mr
      385 words
    • Article, Illustration
      Lock icon Latest twist in Cambodian drama
      575 6  -  KUALA LUMPUR Ung Hoot must check with Him Sen before Asean effort will begin By\ Ronnie Lim IN yet another twist in the Cambodian drama, Asean yesterday stressed it will not proceed with its ministerial mission to help resolve the Cambodian political crisis until Foreign
      AFP  -  575 words
    • Article
      Chongqing city gets priority status like Pudong zone
      300 6  -  SINGAPORE Preferences include speedier approval for foreign bank offices By] Lu Ning THE Chinese government has granted Chongqing city in Sichuan the same preferential policies now enjoyed by Shanghai's go-ahead Pudong area, says a Xinhua report. Quoting "an authoritative department of Chongqing
      300 words
    • Article
      Lock icon Perwaja secures M$ 4b loan
      103 6 KUALA LUMPUR Reuter STEEL maker Perwaja Terengganu. has secured a M 54.2 billion (552.33 billion) debt financing package, Bernama news agency reported yesterday. The refinancing package was the largest of its kind in Malaysia, said Bernama, quoting a statement from Perwaja's main underwriter, ArabMalaysian Merchant
      Reuter  -  103 words
    • Article
      Lock icon Illegal loans: DKB ex-chairman indicted
      236 6 TOKYO Reuter JAPANESE authorities moved against scandal-tainted Dai-Ichi Kangyo Bank yesterday, indicting its former chairman and lodging criminal complaints against the bank and four former officials. The Ministry of Finance (MOF) filed complaints with Tokyo prosecutors alleging DKB and the officials violated the country's Banking
      Reuter  -  236 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      146 6 DINE WITH CHEF RETO MATHIS THE CELEBRITY TOAST OF ST MORITZ. RJuly. Meet Reto Mathis, displaying his dazzling culinary skills at the Harbour GriU. Chef Reto Mathis' distinctive style combines traditional methods and recipes with modern creative touches gained from his many travels abroad. Urtforgettable creations include 'Corviglia Snow" (freshly
      146 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      56 6 DOOMESBUBY By Garry Trudeau TH&e yukanp I i fr/Fi Yzzmvz\ ws&AL- THeea&H' 7££mgL v ffj\ I sme \SLrAMen V/AU.F.O. maseee* V 'rAA tll fKr !As^>-\ CRASH IN COV&JN3UP I (i\ \F£6PFry~J/ XSjROS^ u? HAVBujoNvemjLMemv&i nappy, [fecouu? dNne*iw~ I C "ML™ POPRS99- eeCKTALKHS POTH#TALK\IUANTID fl. I A SEEN UPTOPAY. TOZONKBR, J
      56 words
Page thumbnail Page 7
  • COMPANIES & MARKETS
    • Article
      Keppel Fels sells rig for US$ 180m, bags new contract
      294 7  -  By Conrad Raj [SINGAPORE] Keppel Fels Ltd, the rig-building arm of homegrown governmentlinked conglomerate Keppel Corporation, has sold a semisubmersible rig to Stena Drilling of Aberdeen for US$lBO million (***** million) excluding drilling equipment costs. The Singapore company' has also
      294 words
    • Article
      Sharp rise in electronics stocks worrying: analysts
      601 7  -  Run-up not supported by fundamentals, so investors could end up being burnt By, Annette Pan [SINGAPORE] The recent surge in the prices of many electronics stocks is worrying some analysts and brokers, but others say it can be sustained in the foreseeable future.
      601 words
    • Article, Illustration
      Ipco in the red with $31m loss due to project delays
      341 7  -  By Jenny Lam [SINGAPORE] Lower than expected turnover due to unanticipated delays in a project in Nigeria has sent infrastructure project specialist Ipco International into the red. The $30.8 million net loss Ipco suffered in the year ended April
      341 words
    • Article
      Is Greenspan off his rocker? Nah, he just has a soft centre
      831 7  -  HOCK LOCK SIEW Anthony Rowley THIS was most unlike my friend Al. Had'he taken leave of his senses, I wondered. I called the Federal Reserve .Board. "Al," I said, "what the heck is going on? What's with all
      831 words
    • Article
      New CAM suit against Chew
      225 7 $3J>7m action linked to purchase of Toho Oil engine oil additive [SINGAPORE] Raymond Chew, the former executive chairman of CAM International Holdings, has been hit with another lawsuit, this time for $3.57 million. CAM directors said they are suing Chew and three others ex-chief financial
      225 words
    • Article
      Sime Darby in aeroponics R&D deal
      94 7 [SINGAPORE] Sime Darby Bhd, which recently bought a stake in a company specialising in aeroponic farming, Aerogreen Technology, is delving further into the soil-less method of growing crops. Aerogreen and two Sime Darby subsidiaries yesterday signed a memorandum of understanding with the National Institute
      94 words
    • COMPANIES
      • Article, Illustration
        A tool for better company results
        604 8  -  SES CORPORATE GOVERNANCE SEMINAR Corporate governance Is not a shackle that inhibits corporate flexibility: SES chief By( Clarissa Tan CORPORATE governance should be seen as a tool, rather than a hindrance, to achieving better results for shareholders, Stock Exchange of Singapore (SES) president Lim
        604 words
      • Article
        Applications for rights to go the ATM way soon
        321 8  -  SES to also start new settlement system for institutional investors By i Clarissa Tan [SINGAPORE] Investors will no longer have to queue up to apply for rights shares soon. From mid-September, they will be able to send in their applications electronically
        321 words
      • Article
        How the audit committee's role will be revised
        239 8 [SINGAPORE] Some of the main features under revision on the controversial role of the audit committee were highlighted at the seminar yesterday by Philip Pillai, managing partner of Shook Lin Bok. The stock exchange recently announced that it would be revising and
        239 words
      • Article
        Nobel in chair venture with Cheng Meng, Melandas, Cabas
        187 8 [SINGAPORE] Sesdaq-listed Nobel Design Holdings has gone into a joint venture with three companies to do chair design and production. Nobel's three joint venture partners are Cheng Meng Furniture (CMF), Melandas Casa Mobili (Melandas) and Cabas Sri (Cabas). The joint venture
        187 words
      • Article
        Confidence in management key to internal control: panelist
        492 8  -  Nominating truly independent directors another hot tope By I Siow Li Sen [SINGAPORE] The current angst over strengthening corporate governance here is not unique to Singapore the issue also stirred up debate in the UK when the system came under review there.
        492 words
      • Article
        Lock icon Brierley sells Fletcher Energy stake
        117 8 Bloomberg [WELLINGTON] Brierley Investments Ltd has sold its 4 per cent stake in Fletcher Energy Ltd, market sources said yesterday. BIL, in line with its company policy, declined to confirm or deny it had sold the stake. The company bought the shares at an average
        Bloomberg  -  117 words
      • Article
        Sing Tel sets target for Indon venture
        259 8  -  250,000 new lines to be installed in east by year's end By' Teh Hooi Ling {SINGAPORE] Singapore Telecommunications said yesterday its joint venture in Indonesia will install 250,000 new lines in the eastern part of the nation by the end of this year.
        259 words
      • COMPANY Briefs
        • Article
          Pao Can buys Johor property for M$ 6.0m
          61 8 [SINGAPORE] Qarira Packaging (M) Sdn Bhd, a subsidiary of Pacific Can Investment Holdings, has agreed to buy a piece of property in Johor Baru from Singapore Can Printing (M) Sdn Bhd for million (593 million). The property, with a site area of
          61 words
        • Article
          Bag Koag to buy its former unit
          78 8 [SINGAPORE) Eng Kong Holdings has proposed to buy PCL (Pte) Ltd, a used container supplier whose customers include companies in the Eng Kong group. PCL used to be a member of the group. It was excluded when Eng Kong went public in March
          78 words
        • Article
          Lock icon ASia Brewery San Miguel's offer
          104 8 Bloomberg [MANILA] San Miguel Corp said rival Asia Brewery Inc rejected its offer to return some bottles and crates the country's largest food and drinks company collected by mistake. The two brewers have waged a war of words since law enforcers and Asia Brewery officials
          Bloomberg  -  104 words
        • Article
          Lock icon Hook Hua plans bonus, rights issues
          96 8 Bernama (KUALA LUMPUR] Hock Hua Bank Bhd has proposed a 2-for-l bonus issue and 1-for-l rights issue. Announcing this on behalf of the bank, Commerce International > Merchant Bankers Bhd (CIMB) said the bonus issue of 262.96 million shares and the rights issue of
          Bernama  -  96 words
      • Article
        AIRCRAFT ARRIVALS AND DEPARTURES
        1425 8 CITY FLIGHT ETA FUGHT ETD ItotkM -CA890 OOB H«* VM741 1310 SOI76 1105 fltfrtitih 0F81 1930 OF82 2055 jfltfS KO jjMI MO S0229 2220 H«tYai MI893 1415 TG4M 0820 TG40T2W5 IM94 J040 Aa»tartea. KL843 0455 CA890 0015 mnMm ***** 55 ***** 0120 DL25 0655 KL838 2300
        1,425 words
    • REGIONAL/ INTERNATIONAL COMPANIES
      • Article
        Lock icon Ssangyong Motor gets help from affiliate
        304 9 Ssangyong Oil Refining raises payment guarantees to troubled company Reuter [SEOUL] A key affiliate of South Korea's Ssangyong 6roup raised payment guarantees to its struggling vehicle unit, which planned to convert bonds to stocks to improve its cashflow, a group spokesman said yesterday. Analysts
        Reuter  -  304 words
      • Article
        Lock icon HK power supplier offers quit scheme to two-thirds of staff
        267 9 China Light and Power launches volnntary departure plan to cnt costs AFP [HONGKONG] The biggest electricity supplier in Hongkong said yesterday it had launched a voluntary departure scheme among nearly fwo-thirds of its employees in bid to reduce costs. In
        AFP  -  267 words
      • Article, Illustration
        Lock icon Ericsson Q2 net profit up 45% as mobile phone sales double
        520 9 Bloomberg (STOCKHOLM] Ericsson AB, the world's third-largest telecommunications equipment maker, said second-quarter net rose a greater than expected 45 per cent as mobile phone sales doubled and market share rose. Profit rose to 2.79 billion kronor (***** million) or
        Bloomberg; Source:  -  520 words
      • Article
        Lock icon Asia Business News denies it will be sold to CNBC Asia
        267 9 AFP [HONGKONG] Dow Jones and Co's regional television network, Asia Business News, yesterday denied a report here that it was to be sold to rival station CNBC Asia. The Hong Kong Standard said CNBC Asia, controlled by General Electric
        AFP  -  267 words
      • Article
        Lock icon Guinness, GrandMet reject LVMH
        245 9 AFP [LONDON] UK drinks groups Guinness and Grand Metropolitan yesterday formally rejected proposals by the head of French luxury products group LVMH, Bernard Arnault, for a three-way merger. Guinness and Grand Met, who plan to combine into a drinks giant worth £24 billion (5558.7 billion), described
        AFP  -  245 words
      • COMPANY Briefs
        • Article
          Lock icon Hatchinson may join China telecom deal
          96 9 Bloomberg [HONGKONG] Hutchison Whampoa Ltd, Hongkong's biggest company, may Join China's army and the Ministry of Posts and Telecommunications to expand its mainland telephone business, the Hong Kong Economic Times reported, citing unnamed sources. Hutchison, controlled by Hongkong's property tycoon Li Ka-shing, may take
          Bloomberg  -  96 words
        • Article
          Lock icon Dow Chemical Q2 profit falls 5.3%
          75 9 Bloomberg [MIDLAND, Michigan) Dow Chemical Co said second quarter earnings fell 5.3 per cent, on lower prices for chemicals and the effect of a stronger US dollar on overseas sales. The Midland, Michigan-based qhemicals company said profit from operations dropped to US$5l7 million (*****
          Bloomberg  -  75 words
        • Article
          Lock icon Asahi Breweries to book A$ 216m loss
          82 9 AFP [TOKYO] Japan'® Asahi Breweries Co Ltd said yesterday it would suffer a capital loss of A 1216.2 million (***** million) on the sale of its stake in Foster's Brewing Group Ltd. Asahl Breweries said that in line with an agreement readied earlier
          AFP  -  82 words
        • Article
          Lock icon Great Eagle buys Anckland Sheraton
          55 9 AFP [AUCKLAND] Hongkong's Great Eagle Holdings has purchased Auckland's Sheraton Hotel and Towers for NZ$9O million (5186.5 million), the New Zealand Herald reported yesterday. The hotel was owned by Nauru's Phosphate Royalties Trust and is the latest in a series of sales by the once
          AFP  -  55 words
        • Article
          Lock icon Weak mark boosts Boss' profit 20%
          62 9 Bloomberg [METZINGEN. Germany] Hugo Boss AG, a German maker of men's clothing, said profit in the first half of 1997 rose 25 per cent, boosted by higher sales and a weaker deutschemark. Profit at Boss rose to 38.5 million marks (5130.8 million) in the
          Bloomberg  -  62 words
      • Article, Illustration
        Lock icon Scooting off to a new career
        58 9 [GOLDEN, Colorado] Former Chrysler chairman Lee lacocca test-driving an electric scooter at Unique Mobility Inc here on Thursday. Mr lacocca has come out of retirement to become a director of Unique Mobility and to form a new company, EV Global Motors, to design and
        REUTER  -  58 words
      • Article
        Lock icon Citic says it won't sell Cathay Pacific stake
        221 9 Reuter (HONGKONG] Citic Pacific's managing director Henry Fan has denied rumours that the company will unload its 25 per cent stake in Hongkong flag carrier Cathay Pacific Airways. "This 25 per cent is for long-term investment and we have no intention to
        Reuter  -  221 words
      • Article
        Lock icon Aussie pay TV tie-up in the works
        483 9 FwztdandAnstralis to be merged; Telstra, News Gerp to control new firm Bloomberg [SYDNEY] Telstra Corp and Rupert Murdoch's News Corp plan to sell their Australian pay television company, Foxtel, to Austral is Media Ltd for a controlling stake in the enlarged pay TV
        Bloomberg  -  483 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Nomura to take majority stake in Czech bank IPB
        449 10 Japanese firm to pay 6b crowns for state's 36% stake and raise the bank's capital by another 6b crowns Reuter [PRAGUE] The Czech government has paved the way for Nomura International to take a majority share in the country's third-largest bank,
        Reuter  -  449 words
      • Article
        Lock icon Templeton fund cutting N American stock holdings
        311 10 Canada's largest mntnal fond focusing on Europe and emerging markets Bloomberg [TORONTO] Templeton Growth Fund Ltd, Canada's largest mutual fund at CsB billion (US$B.5 billion), is reduc-* ing its North American holdings and focusing on Europe and emerging markets, its managers told shareholders.
        Bloomberg  -  311 words
      • Article, Illustration
        Greenback still heading up?
        403 10 ÜBS/mark: The US dollar continued its climb this week, touching a high of 1.84 by Thursday. It then eased to trade around 1.8335 yesterday morning. The technical picture remains bullish, with the next upside resistance seen at 1.8430 and then at 1.8685. However, daily and weekly
        403 words
      • Article
        UOB group launches European equity fund
        177 10 [SINGAPORE] United Overseas Bank yesterday announced the launch of the United European Equity Fund, the first Singapore-au-thorised unit trust that invests primarily in the United Kingdom and Europe. The fUnd, UOB's 13th unit trust, will also invest in companies that are situated elsewhere but
        177 words
      • Article
        Lock icon ABN Amro to securitise over US$5b bank loans
        198 10 Reuter [CHICAGO] ABN Amro Bank NV will securitise more than US$5 billion (557.4 billion) in investment grade US bank loans, in an effort to free up about US$4OO million in capital for more profitable businesses. The bank may use the capital to
        Reuter  -  198 words
      • Article
        Lock icon Euroyen edges higher on JGB gains
        198 10 SOKELReport Reuter [SINGAPORE] Simex Euroyen futures eked out slight gains on the back of a surge in Japanese government bond (JGB) futures yesterday but dealers said the market would have trouble sustaining its highs. Japanese bonds were underpinned by the recent rally in US
        Reuter  -  198 words
      • Article
        Futures close higher in good volume
        161 10  -  MSCI TAIWAN FUTURES -Byl Perry Gilbert vice-president, Refco Singapore PteLtd [SINGAPORE] The Simex MSCI Taiwan Stock Index futures closed higher yesterday in good volume. The cash market also rose, boosted by bullish news in the electronic sector and positive government comments regarding their view
        161 words
      • Article
        Lock icon Philippine oil firms go big on promotions
        288 10 ENERGY REPORT Reuter [MANILA] Had the Philippine peso weakened any further, it would have taken more than Batman and Robin and a model Ferrari for the country's major oU refiners to keep the competition at bay, analysts and oil company officials say. Since
        Reuter  -  288 words
      • Article
        Lock icon CURRENCY REPORT
        278 10 Reuter f THE US dollar's climb against the Swiss franc to its highest levels since August 1993 may be a sign of independent dollar strength. Analysts said that So far, dollar strength in Europe has been attributed first to yield factors and then to general weakness in Europe
        Reuter  -  278 words
      • Article, Illustration
        Untitled
        1142 10 mTERBAint CKOS8 KATBS JoL-i ssr J! M §tt£ s ssSS 5 si SssLsS as si iSsisii ss JP j? 3? 0-62 164 O.M 0.744 0.221 MB 4295 IM 160 L073 026 W04 4JC 3.441 1J77 0344 Wg JJ2 mi {in IM 1940 4*70 L979 «J44 ***** 2164 1253 946 1054
        1,142 words
    • Article
      COMMODITY PRICES
      1639 11 WOOM FUTU1JB8 Jul 25 RU00C0 Mm cM*« M SJ0*a) BSICONTtMTfScMbAf) OaM VoOmo Opm mm Mjgfr I— Sott (tomm) Mantt Am 97 135.25 300 SMff 139.25 1345 Oct *7 M4.50 1425 Nm97 144.25 1425 UK *7 140.00 144.00 140.00 50 1425 Jatftar 90 154.75 154.25 ***** 450 4500 ArfjM
      1,639 words
    • Article
      WORLD STOCK MARKETS
      2226 11 ■WIS Note *h 31 Group 480 unch AB Ports 254.400 -.600 AMey Motional 819 2.600 MM In 449.400 Amec *****0 -1 Asde Group 148.600 400 •ATM 527.400 -4 KPk 246.200 6.800 MCC 156.400 -1 BOC Group 1109 -14.400 Bit Petroleum 816 -4.400 BTR 193.400 -1 Bank of
      2,226 words
    • Article
      Lock icon TOKYO
      1628 11 AFX-Asia Q Nikkei 225 ****** SHARE prices closed higher yesterday as investors bought major issues on the back of sustained strength on Wall Street, brokers said. However, share prices lacked upward momentum in the absence of fresh incentives and the sustained falls in prices of small and mediumsized issues
      AFX-Asia  -  1,628 words
    • Article, Illustration
      Lock icon HONGKONG
      1442 12 AFX-Asia Q Hug Sen* -SLII SHARE prices closed lower yesterday on light profit taking after recent gains but with speculative buying in Cathay, Citic Pacific and property stocks providing some support, dealers said. The Hang Seng index closed down 51.11 points at 15,658.12. Turnover was HK518.95 billion. The Hang
      AFX-Asia  -  1,442 words
    • Article, Illustration
      Lock icon CHINA
      623 12 Reuter jJiwitollTiiiii -L3I SHENZHEN'S A and B share Indices closed lower yesterday as investors trod cautiously ahead of the weekend when some companies are likely to report their 1997 interim results. The B Index shed 1.31 points to 131.27 on turnover of HK$3l million against. The A Index fell
      Reuter  -  623 words
    • Article
      Lock icon TAIPEI
      357 12 AFP nWPMg ♦Hl# INVESTORS snapped up electrical issues yesterday, lifting overall share prices 1.8 per cent, brokers said. "Thanks to a good performance by US technologies overnight on Wall Street, investors' confidence in local electrical plays was further boosted," said a trader. The TSE Weighted Price Index rose 176.49
      AFP  -  357 words
    • Article
      Lock icon WELLINGTON
      250 12 Bloomberg Q Wellington +1&3 I SHARES rose yesterday, with the declining currency helping to boost market sentiment. The NZSE Top 40-share Index rose 18.31 points to 2,510.61. Trading was valued at NZ563.2 million Bloomberg Mn 1 w— AN2 Bankinq_ n.75 ♦O.V* ***** Advantage* HMqs 1.06 uncti TMOO Air Mm
      Bloomberg  -  250 words
    • Article, Illustration
      Lock icon BANGKOK
      817 12 AFP H SET Mm +1158 SHARE prices rose 2 per cent yesterday on news the finance minister was mulling borrowing from the International Monetary Fund (IMF) to aid liquidity after the baht float. Finance Minister Thanong Bidaya said the state would borrow from the IMF or Japan if necessary.
      AFP  -  817 words
    • Article
      Lock icon SEOUL
      412 12 AFP nOtapMtofajg -5.40 SHARE prices closed lower yesterday with earlier gains erased by an increased sell-off by institutions and foreigners. Dealers said the market had opened stronger but gave way to broad-based selling later in the day. The Composite Index closed down 5.40 points at 733.64. Turnover was 42.7
      AFP  -  412 words
    • Article
      Lock icon SYDNEY
      583 12 AFP PAlloriii>ria» ♦MJB STOCKS rose yesterday, with banking stocks in the limelight amid hopes of a cut in interest rates and general support from Wall Street. "I think there's a bit of a pick-up in sentiment with the US market having a bit of a run over the last
      AFP  -  583 words
    • Article, Illustration
      Lock icon JAKARTA
      739 12 AFP POmnoatelnig -HI SHARE prices closed lower yesterday amid uncertainty over the future direction of the rupiah. Dealers said European and US investors were realising that because of the falls in regional currencies they stood to gain more on their own markets than in the higher risk South-east Asian
      AFP  -  739 words
    • Article
      Lock icon MANILA
      318 12 AFP □Minilt -Oil STOCKS closed marginally lower yesterday amid caution over the peso which has been under speculative attack. "The market has ignored the relatively positive corporate earnings results. The concentration is still in forex," said a trader. The PSE Composite Index fell 0.11 point to 2,572.69. Turnover was
      AFP  -  318 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        6947 13 Cmhmmt indicts 1997 Upt Vpl Opy NPt Cap Hgi Low Cmhm*V Ml *000 Low 790 540 Aiinomoto- MO ,1 3 i° 2n» 44a 293 Angkasa 306 -4 26 3» 306 *J «3t.£ 905 *10 AppltoFppdHIg "30 2M-0 420 189 Oar|Pyalnd 291 34.4 3403 3 2SSSS§ ss S a s 1
        6,947 words
      • Article, Illustration
        Lock icon Players take profit after recent gains
        210 13 AFX Asia Q Composite Msx -4* SHARE prices closed lower yesterday on broad-based proflf-taking in response to recent sharp rises, dealers said. The KLSE Composite Index closed down 4.63 points at 1,041.26. The Emas Index closed down 0.83 point at 296.23 and the Second
        AFX Asia  -  210 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        2946 14 M7 Last V«l Day t-f* <kaU M0 Ui Mm M «ar- rooot h»i f T- M 4X5a 3000 *MMC53M02Q2M 45 44 00 413 3M0 *Acar MH073I US$ 7*3 *27 00 443 7*3 00 a M 3M4 AOMW0MT24 773 MJ W 773 TI3 JU 70S 2 U M 3W A4Tac*W0l0007 39
        2,946 words
      • Article
        Pernas warrant data not too encouraging, but don't write it off
        181 14  -  WARRANT WATCH By R Sivanithy WE'RE on a roll now, highlighting warrants on shares that have collapsed recently. Today's feature, like the several others that preceded it, continues this theme. The warrant is from Malaysia and is issued by
        181 words
    • Article
      CLOB INTERNATIONAL
      1653 14 fir fir mmt lmi w i* um—mi n> w m mo* u» Ma ommm at V- rowi w» f —r c» w —i 2TO at 9000 ABB90c 291 5 M 302 M SO 2M U 40 OS «U 2903 or aim MMS0C M -is m m n u
      1,653 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        976 15 "Bj ggsg ,i4 Ill *25 ST as: as .as as aa SODAO 222— iw iii 1 J 1 SSSSS. SSo 0 1 5 0 lltltl r o 0 0 1 1 0 j J JJJJ* 2a W M > 23 0 »4»H I TOTAL VM M 0*00 1» *2 t
        976 words
      • Article
        MAIN BOARD
        3628 15 <• ft MM M Dl* Lnt Ouota Mv Dk W M Cam Avf UtT mmm HWI Ln |mir Siiif C*w P/I Ww f.'NWi IM StN* Cwn#anv S**m 0001 5E -S'i. J^P > m t2S 119 120 121 UJ M.1 M S 157 m 1020 AC! OyiwmttrtOc -Ul ™T
        3,628 words
      • Article
        SESDAQ
        910 15 *r 1 H «t MOT Last v#4 Day LMtOwN Ik Ok W M C4» Ao% HH» L— mil C— V Mt COOOl 14W *i>" c w P.1— IM 76 2000 AMHMfsSc H7 »2 5*54 IT3 T52 157 158 XO 6.0 0.1 224J 6*3 MO 342 144 2049 AS Auto
        910 words
      • Article, Illustration
        HOT STOCK
        69 16  -  IT Shiv Taneja KEPPEL CORP dosed floe cents higher yesterday at $6.50 on a volume of SLS million sham, compared with its 104 ay traded overage If 11 miOkm wuts. In the past couple of months, the share has been trading in a band between $6 and $6.50.
        69 words
      • Article
        Untitled
        213 16 Stacks Vefcwe Gut Tech 20c 11,451.000 Tianjin Zhong 9,818.000 Asia FoodSProp 9,492,000 KeppdCorp 8.948.000 •KL Industries 7,052.000 •West moot Land 7.009.000 •Metropiex 50c 6.955,000 OssialntllOc 6.653,000 SingTel 15c 6.389,000 tetech 5c .M***** Stocks Keppel Corp 57.676,579 Venture Mfg25c 28,171,200 DBS Land 22.88U24 (JOB Foreign 20.510.258 F&N 19.455,299 SingTel 15c 17,650,018
        213 words
      • Article, Illustration
        Spotlight now swings to electronics laggards
        660 16  -  STOCK MAUBT COMMENTARY Broader market-including US dollar stocks and Indonesian-linked counters eases; bnt brokers see uptrend resuming next week By R Sivanithy [SINGAPORE] The spotlight swung to the formerly laggard electronics counters yesterday, providing the main feature in an otherwise relatively soft session. Venture
        660 words
      • ON THE GRAPEVINE
        • Article
          Sesshh, the minister is talking
          89 16 WE KNOW that directors of listed companies, stockbrokers, accountants and lawyers are a busy bunch and need "connectivity" like the rest of us need fresh air. But really, do they have to keep their handphones and pagers on when the finance minister and the president
          89 words
        • Article
          Of mice and independent directors
          126 16 STILL at the SES seminar, Ms Cordelia Chung, vice-president and general counsel of IBM Asia Pacific, said that in'the US, rules on audit committees are more stringent For example, over there, members of the aud it committees must all be Independent directors whereas in Singapore,
          126 words
        • Article
          Cryptic to the Dow
          105 16 IF YOU'RE the superstitious kind, there's good news and bad news in the air. The good news is the Dow Jones Industrial Index ended at 8,088 on Wednesday. There's powerful magic in all those eights. The bad news came in the BT crossword. The answer to
          105 words
        • Article
          A surprise tax-break
          116 16 A PLEASANT surprise greeted participants during the half-day Budget Seminar held earlier this week by the Inland Revenue Authority of Singapore (IRAS). Instead of coffee and biscuits at tea break, the participants—businessmen and professionals sampled a delicious selection of vermicelli, curry pufls. sandwiches, spring rolls, chicken, cakes,
          116 words
    • SEAS Trends
      • Article, Illustration
        Asean at 30—members' success a key
        1318 17  - Asean at 30 —members' success a key Lee Fob Pins examines Asean's achievements after 30 years Lee Poh Ping Dr Lee Poh Ping was, until recently, professor in the Division of Public Administration, University of Malaya, Malaysia. ONE would not think that the circumstances behind the formation of Asean in
        1,318 words
      • Article, Illustration
        Lock icon Asean and the Cambodian crisis
        1049 17  -  Asean has demonstrated its growing ability to deal with a crisis in an appropriate way By] Rizal Sukma THE outbreak of the Cambodian crisis has been unfortunate for both Cambodia and Asean. For the country, the crisis has once again brought conflict which can close
        AFP  -  1,049 words
      • Article, Illustration
        Lock icon Infrastructure development in Malaysia
        1113 18  -  Oo YnHMric looks at the issues and problems Oo Yu Hook DrOoYu Hock is Associate Professor at the Faculty of Economics and Administration, University of Malaya. SPOTLIGHTED on centre stage for its development activities and economic success since its independence about 40 years ago, Malaysia continues
        AFP  -  1,113 words
      • Article
        HK's unique society
        1071 18  -  The preservation of civil desirable for its economic weO-bemg and China's future By Gerald Jordan Dr Gerald Jordan is an Associate Professor in the Department of History, York University, Canada. dT mm HINA getting Hongkong Hal is like a child getting a new Tamagotchi," says Hongkong executive
        1,071 words
      • Article, Illustration
        Lock icon Cambodia: justice, insecurity and power
        790 18  -  In the politics of survival, morality is used by the parties only for political advantage By Peou Dr Sorpong Peou is a Fellow at the Institute of Southeast Asian Studies. IN recent weeks, the concepts of justice and legality have often been invoked by Cambodian
        AFP  -  790 words
      • Article, Illustration
        Lock icon Stasis in Myanmar?
        1396 19  -  David I Steinberg examines the political situation in Myanmar David I Steinberg Dr David I Steinberg is Representative of The Asia Foundation in Korea. He was formerly a professor at Georgetown University, Washington DC, USA. He has long been a Myanmar watcher. T is as if a
        REUTER  -  1,396 words
      • Article, Illustration
        Lock icon What medium for the message?
        602 19  -  Aimg San Son Kyi mnst speak to her own people through the Bonnese cultural medium or see her internal legitimacy erode By) David I Steinberg TO whom does Aung San Suu Kyi now speak? Her stand for democracy as the West understands it is clear,
        AFP  -  602 words
      • Article, Illustration
        Lock icon Smuggling in S-E Asia: the past in the present
        1192 19  -  Smngg)ing in South-east Asia has been going on for miUniwt By\ Eric Tagliacooxxo Eric Tagliacozzo is a PhD candidate at the Histtry Department of Yale University and Visiting Associate at the Institute of Southeast Asian Studies on a Fulbright Fellowship. He
        WONG KWAI CHOW/ST  -  1,192 words
      • Article, Illustration
        Lock icon Post-Gold War US defence: more continuity than change
        1560 20  -  p cms De Castro examines attempts to make deeper cuts in the US defence budget Renato Cruz De Castro Renato Cruz De Castro was formerly Chair, International Studies Department of the De La Salle University. He is currently a Fulbright Scholar at
        AFP  -  1,560 words
      • Article
        New synergy must replace old politics on environment
        1139 20  -  Various issues arose from the recent UN conference in New York on the environment By Arnyn B Sajoo Dr Amyn B Sajooisaformer Canada-Asean FeUow at ISEAS, and is at present an independent consultant based in Vancouver. IF June's environmental parley at the
        1,139 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      149 7 From success as a print publication, Singapore's \felk>w Pages are now also talking and, since their entry into hyperspace, they are flying. Integrated Information, the Yellow Pages company, is celebrating its 30th anniversary. DIRECTIONS-The business magazine focuses on this successful publishing giant in its latest issue. As our birthday gift
      149 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      411 8 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF CASTLE HILL MVEBTMENTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of CASTLE HILL INVESTMENTS PTE LTD duly convened and held at the Registered Office. 9 Penang
      411 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      180 9 I Quarterly Magazine (4 issues a year) 1 Y9mr Ss3 l 2 Y—n SssB I Quarterly Magazine Asian or Global Funds Analyses 1 Veer Ss69 1 Years SSI29 I (6 issues a year) I I Quarterly Magazine Asian and Global Funds Analyses 1 Year Ss9s 2 Ysen Ssl7s I (8
      180 words
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      31 12 \<i For real-time stock information, call Quick Stock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of BMTgffM The Business Times and Lianhe Zaobao.
      31 words
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      126 14 W* WIZ ....comes to you iliHiei Awcowlcm. wrteh to subscribe to Wh tor: (please choose one) MH»urf«r*yawf frlaaae fcfconsj| CVPDV UTUJTU y W>T *T*- Bootahop I Oweyaar<l2ieeuee)sl|S4 Q Charge to my card Visa/Amax/Master/Diners V crenr Hs*ayear(6»sues)*sM mis— hh is *>*«»*») X ....gives you a I fjft chance to win »-s—■
      126 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      143 15 ~~Land Transport Authority Infoline— COE Bidding Results Car Registration Number Availability. Available on 10th or 11th of every month. All you Available between Saturday and Wednesday each week. All you need is need is enter your IC, Passport or Company Registration enter your Car Registration numbers ■amber and the Vehicle
      143 words
    • Advertisement
      Page 15 Advertisements Column 2
      64 15 Our auto listings won't steer you f» wrong! dNkoo»«eds. ls*»l You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy,
      64 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      457 16 lb advertise call toll-free 1800-*****83 NOTICE IS HEREBY GIVEN that, I Ng Sou Wee Byrick of Blk 108 Bedok North Rd #11-2230 S'pore *****8 have applied for a Retail Beer Shop in respect of M/s Ng Kiok Huat located at Blk 418 Bedok North Ave 2 #01-89, S'pore *****8, and
      457 words
    • Advertisement
      Page 16 Advertisements Column 2
      52 16 Are You THROWING AWAY POTENTIAL PROFITS? Recommendations which share result? Call 740-2350(24-hrs) Allocation Results from experts Useful tips on what to buy, W® sell or hold. QCaltocort only 50* pr» minute) "AllKjltilmA CiUtcot/Mt, (•)*&< 3*GS7% 'jBFj Hlf if? ill lv AMUimtal I* mirnmU imrrkmrpf* cmr+kiM accta. SINGAPORE BUSINESS Giving You
      52 words
    • Advertisement
      Page 16 Advertisements Column 3
      265 16 Access timely information on DBS Unit Trusts along with commentary on worldwide stock markets direct from our fund managers. Or call our Unit Trust Hotline on 1800-535-8025. •DBS ASSET MANA3EMENT H^me News atyourfinqertps Thanks for your support, the calculators were given out! But, you still stand a chance to win
      265 words
Page thumbnail Page 17
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      314 17 ASEAN IN THE NEW ASIA Trends and Chia Siow Yue and Marcello Pacini, editors This volume consists of six substantive contributions covering a range of economic and political/security concerns induding AFTA and intra-regional trade liberalization; foreign direct investment in Southeast Asia; EU-ASEAN relationships; ASEAN and the security of Southeast Asia;
      314 words
Page thumbnail Page 18
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Are you being served?
      1379 21  -  We asked around for examples of good service in Singapore and found that the complaints outnumbered the compliments. But we also found some shops and restaurants which offer service thaf s worth writing about CMumaraßX asks them how they keep up the good work CORINNE KERK
      1,379 words
    • STRAWS In The Wind
      • Article
        Breaking the monotony
        109 21 IN-FLIGHT announcements tend to be monotonous and generally ignored, but here are two with a twist: On a United Airlines flight to Hongkong, the chief purser said: "We thank you for flying with United. We know that you have a lot of choice in airlines, and we
        109 words
      • Article
        Food chain
        78 21 MALAYSIA'S Chinese newspapers quoted a joke by Malaysian education minister Datuk Seri Najib Tun Razak on corruption. It went something like this: There are four kinds of people in Malaysia. The poor one asks his father: "Do we have anything to eat?" The middle-income son asks: "What are
        78 words
      • Article
        Death by design
        45 21 HAVE you heard this version of the Versace killing? Apparently, it was done with a Moschino gun by a man who was Armani-ed and dangerous. Versace was DKNY (Dead Without Knowing Y). He might also have been drinking Karl Lager-feld when shot.
        45 words
    • VIEW POINT
      • Article, Illustration
        Lock icon The king of network computing
        2146 22  -  THE RAFFLES Conversation Jobn Morgridge, chairman of Cisco Systems, has seen the company grow from a US$5 million concern in 1989 to the US$6 billion near-monopolistic giant it is today. He talks to vmuM munu about Cisco's acquisition strategy, corporate culture and plans for the
        ARTHUR LEE  -  2,146 words
      • Article
        Leveraging off the Internet
        801 22 A LOT of companies that were excited about the promise of the Internet and how it would transform their business have, up to now, been disappointed: for whatever reason, business on the Internet has simply failed to take off. But, as you might expect with a
        801 words
    • Article
      Grimm tale for grown-ups
      698 24  -  CINEMA Think twice before taking your kids to watch this version of Snow White By I Susan Tsang THE Grimm Brothers' Snow White is a live action adaptation of the famous fairy tale about the lovely girl who, when her stepmother tries to kill her, flees
      698 words
    • Article, Illustration
      Barbed-wire, women and song
      815 24  -  CINEMA Paradise Road may touch a familiar chord in those who lived through the Japanese Occupation, but it's too predictable a movie to merit an encore By) Ben Munroe IT IS Feb 10,1942, at the Raffles Ballroom, Singapore. An elegant dance, peopled by well-heeled families and
      815 words
    • Article, Illustration
      Lock icon A meeting of opposites at Le Chateau
      490 25  -  NIGHTSPOT This wine bar at Specialist's Shopping Centre has the dubious distinction of sharing a common wall with a disco A Surendren EVER marvelled at how some the best combinations in the world are really mixtures of the most unlikely elements? Take Laurel
      PHOTOS BY SIEW YAW HOONG  -  490 words
    • Article, Illustration
      WHAT'S ON
      356 25  -  Compiled by M Yasotha OOMCHKT Singapore Symphony Orchestra Conductor Barbara Yahr conducts the SSO in Beethoven's Violin Concerto in D and Dvorak's Symphony No 8. Violinist Adele Anthony is the guest soloist in this Familiar Favourites concert. Aug 1A 2, 8.15pm at Victoria Concert HalL Tickets: SB, $13.
      356 words
    • EPICURE
      • Article, Illustration
        Lock icon Lessons worth learning
        696 26  -  mtasha signs up for pizza-making classes at Tanti Baci's and takes home some nifty new skills NYSHA LAING IF YOU've been to Tanti Baci's Italian Cafe at the Shangri-La Hotel, one of the fond memories you might have taken away with you (and we're not talking about
        PHOTOS BY CHRIS LOH  -  696 words
      • Article
        More great buys from Bordeaux
        711 26  -  WINE CONNOISSEUR IkeMNiiailut repot «i lSMaai IISS wines tasted hit—ll N K Yoag THE DUST has begun to settle on the 1996 en primeur campaign, prices have peaked and plateaued. If 1997 is as good or better than 1996, en primeur prices for 1997 will
        711 words
      • Article, Illustration
        A little short on excellence
        541 26  -  RESTAURANT Chef lUss has eeeked fir the stars, bat his M lacks the Uaiaf iparhi tlithnVi BMresMrtals By Jaime Ee WHEN a restaurant waxes lyrical about a chef who cooks for celebrities, one can't help but be a little wary. After all, what do people
        541 words
    • Article, Illustration
      CINEMA
      1098 27 AMMMriti Eric Stoltz leads a party down the Amazon to find a lost tribe. Jon Voight leads them to a monster snake Instead. Century: 11; 7.15. Hougang: 12.45: 9.15. White Sands: 7. Marina: lpm. Empress: 1.30. Jubilee: 1.30; 3.15; 9.35. Blshan: Ipm. Boom Lay: 11 JO; 1.20; 7.30. Tiong
      1,098 words
    • TRAVEL
      • Article, Illustration
        Lock icon Macanese melting pot
        1344 28  -  Best known for its round-the-clock casinos, the tiny Portuguese colony of Macau also has lots to offer in terms of good food. Audrey fbrhra takes you to some popular restaurants for a taste of its unique cuisine AUDREY PHRKRA ITDOESNTlooklikea culinary icon. It has formica-topped tables, its
        AUDREY PERERA  -  1,344 words
  • Page 21 Advertisements
Page thumbnail Page 22
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      105 23 It's nice to say Thankyou to all your applicants. ("Vw if A You've received an overwhelming I response to your Executive I recruitment advertisement. I With a Thank-you ad in I The Business Times, you thank each and every one who responded I It's easy and convenient. I You save
      105 words
    • Advertisement
      Page 23 Advertisements Column 2
      193 23 telKwtofy closely J i h scribed as unprecedented and spectacular. Lflcethe Mft-Raiy biwdMon, j nxxtei 1t with a 'i' T*r^inlr Are You THROWING AWAY POTENTIAL PROFITS? ®L —j m >^^rn Share JffjHj^ Recommendations LWjd^j^ma from experts HHy Umofu/ tipm on wtwt to buy, BkVy\i mot I or hotd. Share Allocation
      193 words
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      140 24 [LEGAL ÜBRARYI Wmm't fee MNtBANT mbmmt the LAW, knew yew BIGHTS! Our hotline offers you a one-stop service to £jj| gain quick access to topics you've always wanted to know. Simply call the hotlin^r^^R^g|^^^9^ enter the 6-digit code. You can also get a quick estimate of your legal fees in
      140 words
    • Advertisement
      Page 24 Advertisements Column 2
      121 24 It could be any number a.% corporate anniversaries, of pages but the cost of a 'SO certification, groundspecial feature in our breaking ceremonies and newspapers will remain the same for you: topping-up ceremonies. $0. We will organise sponsorship as well Since you have so much to gain and nothing as
      121 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      945 25 w 1( v V i a a pr Offers personalised cadi acess at To apply, calltr I Where to wine, dine and <jj wotuwide. Bl 2 5 5 1 Wliat tetter way to celekrate a great week than Sunday Brunch at Hie Cafe-in-The-Part? the finest brunch and service at only
      945 words
    • Advertisement
      Page 25 Advertisements Column 2
      79 25 —————I < 24-hour Coffee Houu let floor The Chicken Rice Capital Of The "World 7" ill v- < \s*r: 333 Orchard Road. Singapore *****7. Tel: 737 4*» > 3& HBHH lIHIi^HwIIMR j ►The imw Phoenix Garden Cafe m now open V. V -f- Right in th« heart of Orchard Road
      79 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      60 26 I Put tome swing imf fmr lift. Payoh 9wJ||^PSflfc 11m Itttfffilfr Golf Clinic Beginner to Advance Level Conducted by Australian Golf Professional Present this advertisement coupon and receive I your FREE 15 mim video mmofyiiM r 9.00 am 3.00pm (weekdays) only. I Please contact CyMktmr Amfrfw Hast* pj^ Visit our
      60 words
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      1850 27 TODAY'S TV BHffQw ITT U I>BD ▼fWIIW 1240 NNTV Innovations. -r~:~ 440 Ya Alif MTV. q A u LOO PM Isle Of Man TT1997. -J A />'. IjN Jackie k Her Bushbaby In Marge. He tries to make it j World Cup of Golf. 1 Savannah. wooing up to his
      1,850 words
Page thumbnail Page 28