The Business Times, 28 August 1993

Total Pages: 32
1 32 The Business Times
  • 14 1 Business Times MITA (P) 552/12/92 Weekend Edition, August 28-29 1993 WE KNOW ASIA 75*
    14 words
  • 647 1  -  By Lee Han Shih SINGAPORE Listed property companies will be experiencing contrasting fortunes in the next six months depending on whether they are in the business of leasing or selling. The trend ran clearly through this week's interim results of DBS Land, as well
    647 words
  • 358 1  -  By R Sivanithy SINGAPORE The Singapore stock market surged to new highs momentarily yesterday but quickly retreated as punters locked in their profits. After closing at a record 2,010 points on Thursday, the Straits Times Industrials Index ended yesterday 2.27 points down but still above
    358 words
  • 289 1 UPI TOKYO Prime Minister Morihiro Hosokawa said on Thursday that Japan's relations with China are as important as those with the United States and promoting Japan-China ties is crucial to "peace and stability in the Asia-Pacific region and in the whole World".
    UPI  -  289 words
  • 408 1  -  By Ang Wan May, Lim Siok Mei SINGAPORE The spinoffs from pop star Michael Jackson's tour of Asia are hard to beat. The influx of fans and con-cert-goers from neighbouring countries is thrilling airlines and Singapore's hotels, which have reported heavy bookings for Sunday and
    408 words
  • 426 1  -  From Leslie Lopez in KUALA LUMPUR MALAYSIAN authorities are expected to charge a "prominent businessman" for share rigging in the controversial Union Paper Holdings Bhd scandal today, police and securities industry officials said. They said a senior businessman was picked up
    426 words
  • 2m LATEST
    • 54 1 Reuter VILLA GOBERNADOR GALVEZ, Argentina President Carlos Menem vowed to press ahead with his drive to reform the Constitution so he can run for a second term, despite Opposition parlies' resistance. He is planning to call a referendum on the proposed amendment after a mid-term
      Reuter  -  54 words
    • 73 1 AFP BANGKOK Myanmar's military authorities will allow foreign tourists to travel from the country's borders to the major cities, including the capital Yangon, state-run Radio Yangon said yesterday. The Hotel and Tourism Ministry announced it would arrange two-week trips for tourists travelling to
      AFP  -  73 words
    • 81 1 AP BEIRUT The possible collapse of Lebanon's half-Chris-tian, half-Muslim Cabinet was averted yesterday when Prime Minister Rafik Hariri decided at Syria's request not to resign. Mr Hariri, SO, had said he was not getting the support he expected from some Cabinet ministers and that
      AP  -  81 words
  • Article, Illustration
    109 1 Stock market him Friday Change STII 2.007.92 -2.27 K.LSE Compoute **.49 -3.29 Nikkei 20,791.68 -1-199.92 Hang Sen® 7.422.9C -26.10 SET Index 962.53 +0.76 Jakarta Composite .409.67 4.11 CLSA China B 97I.SS +25.71 Aust AM Ord 1,941.6 +7.1 FTSE 100 .3.100.6 +21.4 Friday hiHw Dow Jones 3.634 3.64S. 11
    109 words
  • Page 1 Advertisements
    • 82 1 -[]@?,~`!"=[-|?].?=%)+:\~=.>]]! MORE GOOD RESULTS, Pg 5 City Developments, up 44% to $443 million United Industrial Corporation: up 50% to $24.9mi11i0n t Singapore Land: up 15% to $39.9 million Investing your CPF savings A HANDY cut-and-keep section of answers to readers' questions on how to invest their CPF savings. In Personal
      82 words
    • 34 1 Lifestyle Cover Story: el i Nature's little wonderland Personal Finance A Investment, EL 4 Bracing for correction Good buys in bull market 4 state employees condemned to death in new anti-graft drive, Back Page
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    • 11 1 Hoartpk Siew: pg 5 FCC's golden goose Publicity stunt? EL 9
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    • 159 1 tfyihiersations \tbßqffles: rj y\ el 3 md tsarina y/yof trade policy Stock-picking el s $50,000 child's plaJ§ "$=[|---|>^!'(*{@+.%}~~<^&/_$+- Hailed as priceless works of art, Blancpain's Masterpieces now await your exclusive viewing. At The Hour Glass. Working from an old farmhouse in the Jura mountains of Switzerland, Blancpain's watchmakers perpetuated their
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    • 45 1 CONTEXT* 1 S'port Nm 2 yJonHfti* Si fapmiNnn 3 Franca! 7 VkvMNnn 4 H*"' Q. 4.5 Chfc/KLSE. SES 11.12 ■news QJkl fcpood > Sports 1114 TV/ta*c a 12 C«nra* 7 Font IS WC«M —7J i I* fwfcllllHilll M ISOO-*****77 Fa 7444*75 ITIMmW M *****S Fa *****1
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  • SINGAPORE NEWS
    • 333 2 \TP TO 1.75 million Singaporeans are expected to turn out today to pick a new President in what is Singapore's largest, but quietest, electoral exercise to'date. Up to now, the biggest vottr'turnout had been the 1988 general election when 70
      333 words
    • 554 2  -  This is vital when reconciling limitless demands with finite resources, says minister By Anna Teo ECONOMIC rationality must prevail in trying to reconcile limitless demands with Finite resources, Trade Industry Minister SDhanabalan said last night. While sound economic principles must inevitably be modified by political
      554 words
    • 302 2 A WORLDWIDE move to recall 3.12 million bottles of Heineken beer by its Dutch brewer after finding glass splinters in some of them will not affect Singapore, said the company. Heineken spokesman Chris Woerts told BT in a phone interview from Holland that
      302 words
    • 469 2  -  By Juliette Walker THE Republic will remain a key regional base for aerospace maintenance "for the foreseeable future" but risks losing its edge due to spiralling costs and regional competition, a report by the US Federal Aviation Administration (FAA) said. The US
      469 words
    • 304 2  -  By Ang Wan May FOUR hundred and eighty homes near the south-eastern Chinese city of Hangzhou are being offered to Singaporeans at prices between U5539,000 (5562,000) and US$2BO,OOO. The properties are at Wilfrid Lodge, a 300 million renminbi joint venture between the Hangzhou
      304 words
  • Page 2 Advertisements
    • 263 2 Queensland Jusfssf A^Nifhtrs "(E&nnmists StilnWt FigtfTe It EithJn) It's an unbelievable proposition that has left the as golfing on some of the most beautiful golf courses business community stumped. Especially since it's in anywhere in the world. And because there's so much spectacular Queensland Australia's "sunshine state". to do, we've
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  • THE REGION
    • 531 3 Consumer prices jumped 2pc from a year earlier UPI Reuter TOKYO Japan's gloomy unemployment data released yesterday underlined a tough reality for hundreds of thousands of job-seekers trapped in a two-year recession. Although July's jobless rate was 2.5 per cent, the lowest
      UPI; Reuter  -  531 words
    • 433 3 US insisting on more clues on soldiers missing in action Reuter WASHINGTON The Clinton administration seems set to maintain a US trade embargo against Vietnam past a coming landmark date, barring a breakthrough in efforts to account for Americans listed as missing in
      Reuter  -  433 words
    • 517 3 Reuter SHANGHAI The biggest hit on Shanghai television this year is not likely to be a Hongkong soap opera or even a Taiwanese variety show, but a lucky draw for buying shares on the local stock market. Shanghai television executives have
      Reuter  -  517 words
    • 161 3 AFP TOKYO Typhoon Vernon dumped a near record amount of rain on the Japanese capital yesterday, causing floods and landslides and severely disrupting transport services as thousands of households were evacuated. The typhoon, which was moving north in the evening, dumped more than 23 centimetres
      AFP  -  161 words
    • 323 3 BANGKOK A parliamentary committee has concluded that the arson attacks on 34 southern schools and the bombing of a Buddhist temple were the work of movements aimed at shaking the government's stability, says the Bangkok Post. /he House Local
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    • 206 3 Bernama KUALA LUMPUR Defence Minister Najib Tun Razak said on Thursday night that there are no Muslim guerilla separatist camps in Malaysia. "To the best knowledge of the Defence Ministry and Armed Forces, such bases do not exist in any state in
      Bernama  -  206 words
    • 306 3 AFP, Reuter JAKARTA Jailed former industry minister Muhammad Sanusi said he believed Indonesian President Suharto was currently paving the way to step down. Mr Sanusi, 73, who was accused of involvement in a series of bombings here in 1984 and jailed
      AFP,; Reuter  -  306 words
    • ASIA NOTES
      • 98 3 AFP HANOI Vietnam intends to set up special courts to settle business disputes and violations of state rules on the economy. The scheme, requested by the government and supreme court, has been approved by the national assembly and will be implemented shortly, party daily
        AFP  -  98 words
      • 65 3 Reuter TAIPEI Taiwan, seeking to expand trade ties with China and sharpen its competitive edge, is considering a proposal to permit imports of all semi-finished goods from China, the Economics Ministry said yesterday. The proposal was made by a ministry advisory committee and will soon be
        Reuter  -  65 words
      • 30 3 Reuter SIEM REAP, Cambodia Cambodian youths taking a swim in front of the historic Angkor Wat temple. The recent rains have created many new locations for recreations. Reuter
        Reuter  -  30 words
      • 92 3 AP HONGKONG China appeared to open the door for a possible settlement of the case of an expelled labour activist by saying he might be allowed to return if he "repents". In China's first official comment on the expulsion of Han Dongfang, a police spokesman
        AP  -  92 words
      • 70 3 AP MANILA A Philippine-Taiwanese partnership plans to develop a 10,000-hcctarc island on the northern tip of the main Luzon island into a tourist resort, a company official said yesterday. Hermilando Mandanas, president of the Fuga International Group Inc., said the US$5 billion (SSB billion) project
        AP  -  70 words
    • 466 3 Reuter TAIPEI Taiwan and British Aerospace pic said yesterday that they have agreed on financing for their joint venture to produce regional passenger planes which had been stalled for months by cash problems. After five days of talks in Taipei. Taiwan's state-owned
      Reuter  -  466 words
    • 401 3  -  By Harish Mehta SINGAPORE Cambodian co-president Prince Norodom Ranariddh has asked Singapore to draft an economic mastcrplan to develop Cambodian airports and a seaport. Addressing a press conference yesterday, he added said that Singapore and Cambodia were planning to sign a
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  • Page 3 Advertisements

  • THE WORLD
    • WORLD WATCH
      • 110 4 Reuter IjONDON Nigerian opposition leader Moshood Abiola said here yesterday that he will return home by the end of next week and he planned to set up his own democratic government. Mr Abiola, a multi-millionaire Muslim businessman widely believed to have won
        Reuter  -  110 words
      • 50 4 Reuter WASHINGTON Reverend Jesse Jackson (holding flag) and a group of 19 other people, including city mayor Sharon Pratt Kelly, demonstrating in support of statehood for the United States capital on Thursday. The protesters were arrested and later released after paying a US$5O (S$80) fine. Reuter
        Reuter  -  50 words
      • 72 4 Reuter WARSAW Poland's central bank devalued the zloty by about B,per cent against a basket of currencies and by 7 per cent against the US dollar to try to increase exports and reduce a USSI.I billion trade deficit. The National Bank of Poland also reduced the pace
        Reuter  -  72 words
      • 111 4 UPI JOHANNESBURG South Africa is. by far the most violent country in the world, with 47 men out of every 100,000 killed annually, a study released by the Witwatersrand University's Centre for the Study of Violence and Reconciliation said. However, only 10 per cent
        UPI  -  111 words
      • 77 4 AP JOHANNESBURG The African National Congress may call for the lifting of all remaining economic sanctions against South Africa in the next 17 days, Nelson Mandela said yesterday. He sfad the decision could come before Sep 13, when Parliament is scheduled to begin
        AP  -  77 words
    • 356 4 Reuter WASHINGTON The World Bank approved a plan to give outsiders more say in how it hands out tens of billions of dollars each year to developing countries by expanding the amount of information it makes public. The new policy which
      Reuter  -  356 words
    • 201 4 FT LONDON United Kingdom manufacturers' order books are at their best levels for three-and-a-half years, according to figures released on Thursday night, and this may well help sustain the country's economic recovery, say analysts. The Confederation of British Industry
      FT  -  201 words
    • 52 4 Reuter TEL AVIV Left-wing Israelis demonstrating outside Prime Minister Yitzhak Rabin's Labour Party headquarters here on Thursday. The banners say: "Ismeh PLO partners in pence" and "Get out of Lebanon now". Middle East peace talks are set to resume at the end of the
      Reuter  -  52 words
    • 243 4 Reuter WASHINGTON The Commerce Department on Thursday announced steps toward removing export controls on some high-speed computers to help technology firms expand into a potential billion-dollar overseas market. The move covered digital computers with capabilities of up to 67 million theoretical operations
      Reuter  -  243 words
    • 286 4 NYT PRAGUE In a commemoration of the 25th anniversary of the Prague Spring and the Soviet invasion that crushed the Czechoslovak reforms, Russian President Boris Yeltsin and Czech President Vaclav Havel signed an agreement on Thursday to draw a final curtain
      NYT  -  286 words
    • 326 4 AFP, FT BONN A German government spokesman said yesterday that Chancellor Helmut Kohl had called on Thursday for a discussion, not a "re-ne-gotiation", of the Blair House agreement on world farm trade. Speaking of Mr Kohl's statements here at a joint press
      AFP,; FT  -  326 words
    • 270 4 AFP BRUSSELS The Blair House accord between the United States and the European Community, a Icey topic in Thursday's Franco-German talks in Bonn, involved cutting the volume and value of subsidies paid to farmers. Negotiated by the US administration and the EC's
      AFP  -  270 words
    • 356 4 Reuter FRANKFURT The Bundesbank caused a brief flutter on European money markets yesterday by raising its tender rate for overnight lending. But calm was quickly restored as most dealers accepted that the move was a technical one aimed at loosening a tight money market
      Reuter  -  356 words
  • Page 4 Advertisements
    • 520 4 WOCBCt&KK Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE is hereby given that an Extraordinary General Meeting of the stockholders of the Company will be held at 65 Chulla Street #19-00, OCBC Centre, Singapore 0104, on Wednesday, 22 September 1993 at 12
      520 words
    • 27 4 JUST CALL: 737-1166 Make the connection through The Straits Times Classified when you're looking for bargains or looking for customers. Just give us a call. CA.TJ. 1737-1166
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  • Page 4 Miscellaneous
    • 78 4 HPvVE.N/OU tiePNLtvP (TVUs CvliLD NGG.DS HIS A fviQU UD\TV\ tAe..../ VG-^ 5 J VNOQgSeJLF, pQSTEOy.... Tj —S. X < S,C E,AY FSHD J INI POOL.-. ASSOCIATED NC wsr APE RS LTD, IMI IWJ t (WA DOONESBURY GARRY TRUDEAU Af//c£? meuwws! V wen, let* SSKHP^!fL. KUOWS, GOOPTO LISTEN, mz.l HOW ABOUT
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  • COMPANIES & MARKETS
    • 531 5  -  By Genevieve Cua SINGAPORE Yeo Hiap Seng yesterday unveiled a dismal set of interim results that almost erased the gains posted in the previous year. A 64 per cent fall in net earnings to $1.2 million on the back of an 8.9 per
      Source: Bridge Info  -  531 words
    • 357 5  -  Sale of residential properties and hotels fuelled group's growth By Lee Han Shih SINGAPORE Property giant City Developments yesterday turned in a set of impressive interim results and promised that its second-half performance will be "as good if not better than the first". For
      Source: Bridge Info  -  357 words
    • 468 5  -  By Sylvia Wong SINGAPORE A large drop in interest expenses helped lift the interim earnings of United Industrial Corporation and its listed property subsidiary Singapore Land for the six months ended June 30. UlC's net profit rose 50 per cent to $24.85
      468 words
    • 715 5  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE First Capital Corporation's massive Simei condominium project could well turn out to be the property group's golden goose. And investors have caught on fast. Last Friday, FCC shares soared 57 cents
      715 words
    • 385 5  -  Funds will be used to finance refinery upgrading project By Quak Hiang Whai SINGAPORE Singapore Petroleum Company yesterday announced plans to raise $101.4 million through a private placement of 32 million new shares to part-finance its refinery upgrading project on
      385 words
    • 343 5 SINGAPORE Falling hotel room rates and rental income depressed the half-year earnings of Apollo Enterprises by 43.1 per cent to $1.5 million. The hotel group said yesterday that its group turnover suffered because of intense competition which forced its
      343 words
    • Article, Illustration
      302 5 Source: Bridge Info Performance of STII's Index stocks Aug 27 Last Scmc Iain Stack uk Char IkMimwii Avimo 2.010 -0.040 1.42 25.00 CAC 7.500 -0 200 5 28 125.00 i Ccrcfcot 6.100 4 30 FAN 14.100 -0 200 10.43 125 00 GF Asia 2.970 -0.020 2.09 12.5* GenMag 1.350
      Source: Bridge Info  -  302 words
    • COMPANIES
      • COMPANY BRIEFS
        • 73 6 SINGAPORE Superior Metal Printing has announced a small increase in group turnover for the first six months of 1993 to $14.5 million, up one per cent from 5i4.3 million a year ago. After-tax profit rose a nominal 3 per cent to $1.9 million from
          73 words
        • 89 6 SINGAPORE Jaya Holdings Ltd's turnover for the year ended June 30 increased slightly to $28.2 million, up 5 per cent from $26.8 million last year. After-tax profit also rose marginally, from $7.1 million to $7.3 million. But the company's net earnings per share fell slightly to
          89 words
        • 83 6 SINGAPORE Rothmans Industries Ltd said yesterday that it had obtained the approval of Malaysia's Foreign Investment Committee to merge with Rothmans of Pall Mall (Malaysia) Berhad to form a new regional holding company, Rothmans of Pall Mall Limited. The new holding company will also
          83 words
        • 75 6 Bernama KUALA LUMPUR YTL Corporation Bhd has reported an increase of 21.41 per cent in group pre-tax profit to M 551.97 million (5532.7 million) for the year ended June 30 compared with M 542.8 million previously. Group turnover rose marginally by 3.54 per cent to M
          Bernama  -  75 words
        • 75 6 Bernama KUALA LUMPUR Tan Chong Motors Holdings Bhd yesterday announced a 25 per cent fall in group pre-tax profit to M 552.48 million (SS33 million) for the half year ended June 30 from M 570.37 million previously. Group turnover increased 7 per cent to M
          Bernama  -  75 words
        • 65 6 SINGAPORE The Watch Gallery Pty Ltd, a wholly-owned subsidiary of The Hour Glass Ltd, has signed a deal to buy Bendigo House, a freehold building in Melbourne, Australia, for As 2 million (552.2 million). Bendigo House has 329 sqm of retail space and 1,023
          65 words
      • 418 6 MaMprt' prtoM ($> Aug 28 30 hHwaaci Fnd Income Bond Policy 3.55 3.68 siBjipof'i urn 11 list The Commerce 1.49 1.56 The Savings Fund 1.37 1.44 PruLink Mgd Fund 1.22 1.29 S'pore Prat Fund 0.63 0.66 M«ai S'pore Sec Fund 0.96 I.OIxd S'pore Invest Fund 1.12 MS Fir* B pur*
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      • 764 6 Payraeat Ex Books Pay date clooe dale Alex Hldgs SO* b 6 Aug 31 Sep 6 Sep 28 Asia Pac Ld SO* b 2TE Jul 26 Aug 10 Sep 8 BAT 21* 1 61.9 Aug 23 Aug 27 Sep 7 BMT $10(100) F 100 Nov II Nov 23 Nov 25
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      • 412 6  -  From Catherine Ong in HONGKONG SIMON MURRAY, Hongkong's best-known taipan, is leaving the top job at conglomerate Hutchison Whampoa to head the multi-billion dollar Asian operations of Deutsche Bank. The appointment, which may not be official for a few more months,
        412 words
      • 368 6 AFP JAKARTA The government has revoked a forest concession licence of a subsidiary of the country's leading timber processing company which has launched flotations in the Jakarta exchange, the forestry ministry said yesterday. A spokesman said the ministry revoked the licences of
        AFP  -  368 words
      • 336 6  -  By William Chia SINGAPORE Malaysian marine company Promet Bhd is once again in the limelight on the Singapore and Kuala Lumpur stock markets. Yesterday, it chalked up a combined turnover of 106.91 million shares or 20.47 per cent of its share
        Source: Bridge Info  -  336 words
      • 358 6 Reuter BOMBAY After decades of growth in a protected environment, India's biggest liquor companies are gearing up to face competition from international brands by improving their quality and tying up with world leaders. Profits have grown despite a culture that
        Reuter  -  358 words
      • 243 6 SINGAPORE Singapore Reinsurance Corporation Ltd announced yesterday that group net earnings for the first half of the year improved by 22.2 per cent to $4.12 million. It said the improvement was due to higher investment income and the continued strengthening of its underwriting portfolio.
        243 words
      • 414 6  -  By Amy Balan SINGAPORE Before stateowned China Everforight has even announced what exactly it plans to do with takeover target HTP Holdings, investors have jumped on the bandwagon. Following the takeover announcement on Thursday, the normally sleepy counter yesterday enjoyed a surge in
        Source: Bridge Info  -  414 words
      • 390 6  -  Fro« Maggie Ford in JAKARTA ACCELERATING car sales following a reduction in interest rates pushed up sales of PT Astra International, Indonesia's largest car manufacturer, by 20 per cent in the first six months of the year. The company recorded sales
        390 words
      • 381 6  -  By Joseph Rajendran SINGAPORE Indonesian textile manufacturer PT Ever Shine Tex, which is backed by Singapore-based venture capitalists, has released "satisfactory" interim results. The company yesterday reported a 6.2 per cent increase in sales to 49.04 billion rupiah (SS3B million) for the first six
        381 words
    • FINANCE & COMMODITIES
      • 441 7  -  By Conrad Raj SINGAPORE One of Switzerland's largest banks is pulling out of commodity trade financing outside its home base after deciding that the risks involved are not worth it. Swiss Bank Corporation's decision to withdraw from the sector is expected to affect
        441 words
      • 428 7  -  By R Sivanithy SINGAPORE The Rubber Association of Singapore will launch trading in a new futures contract on Monday, targeted at risk managers and spoliators hoping to benefit from movements in rubber prices. At a press conference yesterday, RAS' deputy
        428 words
      • 372 7 DBS Weekly Currency Review US$/DM: Heading for 1.6338 USS/DM range traded between 1.6735 and 1.6930 early this week before selling pressure returned on Thursday night. The unit fell to a low of 1.663 before recovering to trade around the 1.6710 level yesterday morning. The short-term
        372 words
      • 223 7 Reuter SINGAPORE South Korean refiners are selling more fuel to China, threatening Singapore's traditional role as East Asia's export giant. "Since the normalisation of ties between China and South Korea last year and especially in the last six months we have
        Reuter  -  223 words
      • 263 7 Reuter LONDON The Bundesbank's decision to keep rates high has not reduced the appeal of European government bonds as Europe's other central banks may cut interest rates on their own, analysts said. "Obviously the authorities would like to follow a German move but the pressure
        Reuter  -  263 words
      • 174 7 Reuter LONDON The dollar was generally lower in Europe with dealers confident about the short-term prospects for the german mark on the bundesbanks resistance to pressure to cut interest rates. Against sterling, however, the dollar gained ground with Brit-ish-based dealers covering shortdollar positions ahead of the Monday holiday for
        Reuter  -  174 words
      • 78 7 AFP NEW YORK The dollar edged higher against the major currencies except the yen yesterday in quiet pie-weekend trading in New York. Gold rose US$l following its sharp fall a day earlier and was trading at USS369 an ounce. At 11am the dollar was trading at 1.6680 German
        AFP  -  78 words
      • 447 7 Bloomberg ENERGY REPORT LONDON Crude oil prices were higher over concern about a disruption in supplies caused by a threatened strike by Nigerian oil workers. Prices jumped amid reports that Nigerian oil workers had walked off the job at the Bonny terminal, but
        447 words
      • Article, Illustration
        136 7 THE dollar opened lower across the board yesterday as the Bundesbank defied widespread expectations of an interest rate cut by keeping monetary policy unchanged. The US dollar opened around 1.6060/70 against the Singapore dollar, down from the previous day's 1.6090/95 close. Sporadic selling of dollars, in sympathy with long liquidation
        136 words
      • Article, Illustration
        874 7 Trxnk- wfi|torf indtx cnimlntfti (fMM S'port i top 14 ni« ftmrnn. Bmtyr UK US$/S$ forward rain Noon Aug 27 9* Mi OBm 1-month I 60*8 1.60*3 2-month I .*046 I *061 3-mooth l*0«? 160*0 6-month I.*032 I 6052 Sorer OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES JW at Mm m
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    • COMMODITIES & FUTURES
      • 1417 8 SMEX REPORT Reuter SINGAPORE Simex Eurodollar interest rate futures ended marginally weaker, pressured by technical selling and positionsquaring ahead of the weekend, traders said. A downward correction in US T-bond futures prices, which have been spiralling up sharply over the week, also weakened Eurodollar
        Reuter  -  1,417 words
      • 621 8 COMMOOfTY REPORTS Tm TIN came under pre-weekend selling pressure to close at a new record low for the second consecutive day, traders said. The metal ended at MS 12 a kg. down three cents overnight, as miners liquidated their stocks ahead of the long
        621 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 98 8 TOKYO Malaysia and Indonesia has been in the market for Brazilian, Chinese and US soybeans over the past two weeks to cover September and October shipment needs, trade sources in Asia said yesterday. Malaysia was said to have purchased up to 35,000 tonnes of Brazilian soybeans
          98 words
        • 81 8 BOMBAY India's imports of silver from January to April exceeded 1,033 tonnes, according to an industry association. Trade and government forecasts had put silver imports for the entire year at 2,000 tonnes, according to the Bombay Bullion Association. The high figure is attributed by trade sources
          81 words
        • 53 8 BOGOTA Colombia raised the internal price paid to coffee growers by 14.29 per cent, the National Coffee Committee announced. The increase raises the 123-kilogram load price to 103,000 pesos from 91,875. "This is a triumph for growtis and for the National Coffee Federation, which represents the
          53 words
        • 86 8 TOKYO Zinc concentrates remain fairly easily available in Asia, but industry sources say spot treatment chaiges continue to move in favour of miners. Weak London Metal Exchange zinc prices have led many mines to temporarily curtail production this year in hopes of pressuring treatment charges
          86 words
    • 1507 8 Rubber MS CMMMtty [iHifi (hrtw— cMag m at lpa) RSS 1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 93 OOO OOO 135 50 100 425 Oct 133.73 134.23 133.30 1130 3.925 Nov 0.00 0.00 133.23 0 3.375 Dec 0.00 0.00 135.30 0
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    • REGIONAL STOCK MARKETS
      • 421 9 -64.71 Share prices finished 1.6 per cent lower as weakness in the financial sector triggered selling across the board, brokers said. The Weighted Index closed 64.71 points down at its intraday low of 3,919.96. Turnover was a slow T$ 11.4 billion against T$ 11 billion on Thurv day. Brokers
        421 words
      • 238 9 +4.92 Shares ended marginally firmer on high turnover as gains in most leaders outweiehed a sixcent fall in Telecom to NZ53.92. The NZSE-40 Capital Index was up 4.92 points at 1,998.50. Bnerley Investments gained four cents to NZ$ 1.22 as investors took another look at BlL's well-performing holdings
        238 words
      • 1044 9 +7.1 The Australian share market recovered early losses to continue its recent bullish run, after both News Corp and BHP rocketed to fresh record highs. "The market was very strong again, led by News Corp, BHP and huge buying in Boral," said a James Capel broker. A weak start
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      • 542 9 -3.38 Share prices slipped further as the market continued to correct and consolidate at around 1,750 points in a process seen continuing for much of next week, dealers said. "I think the base (of the correction) will come at about the 1,750 level," Peter Chua of Citisecurities Inc said.
        542 words
      • 378 9 -9*7 Lack of confidence and a pessimistic outlook dragged the index down in weak trading for the fifth straight day, brokers said. The Index fell 9.87 points to 685.87. "This is lower than when the ban on real name transactions was made," a local broker said. On the day
        378 words
      • 73 9 +0.84 Shares closed marginally higher despite a lower than expected carry forward cost of 2.5 per cent per month fixed before trading opened. Brokers said the virtually steady index reflected weakness in the market because stock prices should have been higher after including the latest carry forward costs. The
        73 words
    • WORLD STOCK MARKETS
      • 627 9 +21.4 The London stock market continued its record-break-ing performance yesterday as investors remained convinced that lower interest rates and economic recovery were around the corner. The FT-SE Index of 100 leading shares gained 21.4 points (0.7 per cent) to 3,100.6 after hitting an all time high of 3,103.7 during
        627 words
      • 110 9 +10.27 Shares ended at another record high, helped by hopes of interest rate cuts and short-covering. Dealers said the market would be highly technical on Monday, when London is on holiday, and on Tuesday, as arbitrage with expiring index futures dominates. The CAC-40 Index ended up 10.27, or 0.47
        110 words
      • 210 9 +3.45 The German share market ended yesterday's trade on a more confident note after the DAX reversed an early 13-point fall and ended 3.45 points up on the day. Dealers expected prices to move higher again next week after the DAX 30 index closed at 1,904.60, just above the
        210 words
      • 175 9 -10.24 Shares managed a small recovery by the close as some blue-chip shares came off their lows in technical preweekend trade. Dealers said it was uncertain how the market would perform on Monday, but some saw prices staying around current levels until there was a dear signal on interest
        175 words
      • 220 9 +2.70 Stocks closed higher as many investors expect interest rates to come down in the next month or so, traders said. The EOE index of the leading 24 Dutch stocks closed up 2.70 points at 358.13. A cut in interest rates "didn't come but then it might come in
        220 words
      • 244 9 +3.30 Stocks edged higher yesterday in quiet trading, spurred on by recoveries in other European markets, traders said. "The direction of our market is a bit uncertain, so we're looking at other markets, and taking it from there," said a trader at Swiss Bank Corp. The Swiss Market Index,
        244 words
      • 326 9 -9 Gold shares closed down across the board yesterday as the gold price failed to make a firm recovery above US$37O and amid nervousness ahead of the weekend and a holiday in London on Monday. "Nobody wants to take too many positions," a dealer said. A big financial rand
        326 words
      • 303 9 -7.32 Stocks opened higher yesterday led by stronger merchandising, financial and gold stocks, dealers said. "1 think this market still has some push left, but 1 would not be surprised to see some profit-taking," a trader said. The TSE 300 Composite Index rose 7.94 points to 4123.54 on volume
        303 words
      • 715 9 -3.91 Wall Street stocks continued to trade lower at midday yesterday as the market went through a day of prof-it-taking with equities taking their lead from bonds. The Dow was down 14 at 3634 while declines led advances by nine to seven. The long bond fell 16/32 to
        715 words
      • 160 9 +8 Stocks gained again vesterday as numerous factors kept investors bullish, traders said. This market is going just one-way and that's up, said a trader at San Paolo. Construction and cement stocks were the biggest gainers, pushed by the government's decision to free up 10 trillion lire for public
        160 words
      • 591 9 Britannia Finds SttrMaf CMfc BU Ofc MinC*Dna« M.MOO M6300 M.m lentfO*" 0.1(93 0 1992 Mn Ma Incane ***** ***** USSCMk laconic PW Fund ******0 ******0 PS S Hot* Faad 5.2100 5 2200 0.4J92 0493» Far EM Fad *2.7*30 *2.9730 Man Portfolio 1 9430 2.1010 UK OroMk Fwad 4.9980 5 3X10
        591 words
    • Article, Illustration
      2437 10 Reuter SHARES closed easier but late demand for blue chips brought prices up from their early lows, brokers said. The blue chip Hang Seng Index ended 26.10 points lower at 7,422.98 after lagging by 78 points earlier. Profit-taking emerged early in the day after the market's strong advance on
      Reuter; Source: Bridge Info  -  2,437 words
    • Article, Illustration
      469 10 BOTH B share markets were up yesterday. The CLSA Shanghai B Index closed over 14 points up to 754.56. Trading however was thin. Dazhong shed 1.32 per cent while other traded counters all ended higher. Tsingtao Brewery made its debut on the Shanghai A market yesterday. The share was
      469 words
    • Article, Illustration
      2505 10 Reuter STOCKS ended firmer on widespread hopes of a rate cut, though off the day's highs with late dealers position-squaring before the weekend. The overall mood was bright, and buying on incentive-backed issues and the higher futures market helped lift prices, brokers said. "Because (Prime Minister Morihiro) Hosokawa is
      Reuter; Source: Bridge Info  -  2,505 words
    • Article, Illustration
      1480 10 Reuter STOCKS traded lower in the afternoon led by losses among major building-mate-rial firms but recovered just before the market closed. The SET index ended 0.76 point higher at 962.53 on active turnover of 7.39 billion baht. It had dropped to a low of 956.19, down 5.58 points, in
      Reuter; Source: Bridge Info  -  1,480 words
    • Article, Illustration
      979 10 Reuter SHARE prices closed higher in moderate trading, brokers said. "Share prices were broadly well supported with local players showed more enthusiasm than foreigners," a local dealer said. Astra International fell 50 rupiah to 17,450. Brokers expect further correction. Analysts said although the result was in line but it
      Reuter; Source: Bridge Info  -  979 words
    • 2448 11 Source: Bridge Info Source: Bridge Info Promo 40,906,000 Faber Group 11,122,000 Bedford 50c 14,149.000 FACB 50c 1.193.000 Him until* 50c 6,071,000 AMDB 50c 5,961,000 Lien Hoe 5,912.000 Muipha Ind 50c 5.507.000 Kemaytn 50e 5.311.000 RenoM Bhd 50c 4.154,000 Pen Mm 4,2»2,000 PMI 50c 4.222,000 Lingui 50c 2,106,000 Proenet
      Source: Bridge Info  -  2,448 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5121 11 Bernama SHARE PRICES closed mixed to steadier despite heavy profit-taking in some indexlinked shares. The tone of the market remained firm. After reaching a new intra-day high of 812.24 in early trade, the benchmark KLSE Composite Index slipped to 808.49, down 3.29 points from previous
        Bernama; Source: Bridge Info  -  5,121 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7288 12  -  By R Sivanithy SINGAPORE A late buying spree of selected blue chips kept the Straits Times Industrials Index above 2,000 yesterday, though investor attention continued to focus on Malaysian stocks. After an early rise to 2,018, broad-» based profit-taking dragged down the
        Source: Bridge Info  -  7,288 words
      • 75 12  -  Paul Leo SINGAPORE Reinsurance was suspended yesterday pending an announcement of its interim results. At Thursday's closing price of $1.69, the stock is at a critical point on the daily chart. Its performance in the next few days is dependent on whether it can trade above the resistance
        SOURCE: BRIDGE INFO  -  75 words
  • Page 5 Advertisements
    • 29 5 BtJSINESSTTIMES TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY.„ To your Appointments or Notices, caltotfrae 1-800 737 0043 PriM Strait* Time* 1
      29 words
    • 219 5 IN THE MATTER OF THE COMPANIES ACT (CAP. SO) AND IN THE MATTER OF AMEN TRAVEL PTE LTD 11n Vv»Uni®ry Liquidation) NOTICE OF FINAL MEETING Of MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of me Companies Act, Cap 50. that the Final General Meeting ot the Members of
      219 words
    • 350 5 IN THE MATTER OF THE COMPANIES ACT (CAP. SO) ANO IN THE MATTER OF ASIEN TOUR CONSULTANTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING OF MEMBERS NOTICE IS HEREBY GIVEN pursuant to Section 306(2) of the Companies Act. Cap. SO. that the Final General Meeting of the
      350 words
    • 336 5 IN THE MATTER OF THE COMPANIES ACT. CAP. 90 ano IN THE MATTER OF SEET KHOO ft CO PTE LTD > It (in mtfTTOtfi vwunury Liquidation) NOTICE OF SPECIAL ANO J ORDINARY RESOLUTIONS Pursuant to Section 2SO(2Mb)] > At an Extraordinary General Meeting of the Company held at 9 Penang
      336 words



  • Page 8 Advertisements
    • 174 8 SCENTmC INSTRUMENT PRODUCT UNE Small USA sales company is developing optical instruments and software for remote sensing color monitoring. These products are being sold in North America and Europe. We would like to work closely with a small, well financed company in Singapore who could take over the product line
      174 words
    • 16 8 Make new business contacts through 203 in The jfSjn Straits Times ffV| Classified, cjlta. \TThtUA I
      16 words


  • Page 10 Advertisements


  • Page 12 Advertisements

  • SPORTS
    • 458 13  -  By Shahiron Sahari SINGAPORE He came, he saw and he slamdunked. The growing basketball and marketing phenomenon that is Shaquille O'Neal strode into town yesterday for a whirlwind promotion tour for his sportswear company, Reebok. The 2.16 metre, 138 kg colossus
      Photo by Arthur Lee  -  458 words
    • 302 13 AP SOWETO Some wore tank tops and sneakers, while others scrambled across the basketball court on Thursday in long pants and street shoes. They dribbled the ball off their feet, off their heads, off any part of the body that got in the way as
      AP  -  302 words
    • Article, Illustration
      45 13 AFP WASHINGTON National League Thursday: Florida 5 Houston 4 (in 13); New York 7 Colorado 1. American: Baltimore 9 California 4; Milwaukee 5 Oakland 3; New York 4 Cleveland 0; Kansas City 3 Minnesota O, Boston 3 Texas 1; Seattle 6 Toronto 3. AFP
      AFP  -  45 words
    • Article, Illustration
      274 13 AP Reuter AFP Reuter SHIMACHO, Japan DaiwaKBC Augusta Tournament leading second-round scores Friday (Japanese unless noted): 13/ Yoshinori Mizumaki 67-70, Katsuyoshi Tomori 67-70 138 Kiyoshi Murota 67-71, Saburo Fuiiki 67-71 139 Paul Hoad (GB) 69-70 140 Masayuki Kawamura 72-68, T C Chen (Tai) 71-69, Katsunari Takahashi 71-69, Tsukasa Watanabe
      AP; Reuter; AFP  -  274 words
    • Article, Illustration
      48 13 AFP AMSTELVEEN, Netherlands Women's Champions Trophy Thursday: Germany 3 Spain 0; Australia 4 South Korea 0; Netherlands 3 Britain 0. Standings at the end of fourth day: 1 Aust 8 points 2 Neth 7 3 Korea 4 4 Ger 3 5 Brit 2 6 Spn 0. AFP
      AFP  -  48 words
    • Article, Illustration
      143 13 Reuter AFP SCHENECTADY, New York U*****,000 OTB International Open second round Thursday Men: 1-Ivan Lendl (US) b Joren Renzenbrink (Ger) 6-3 6-3; Thomas Enqvist (Swe) b 8-Bernd Karbacher (Ger) 7-6 (7-4) 6-7 (6-8) 7-5; Richard Fromberg (Aust) b Kenneth Carlsen (Den) 7-5 6-3; 6-Carlos Costa (Spn) b Paul Haarhuis
      Reuter; AFP  -  143 words
    • 474 13 Golf AP AKRON, Ohio Jim Gallagher took advantage of a monster drive, birdied the final hole and tied David Edwards for the first-round lead on Thursday, in the World Series of Golf. Gallagher and Edwards each had 4-under-par 66s despite the firm, fast fairways
      AP  -  474 words
    • 321 13 NYT NEW YORK The numbers came out right for Steffi Graf on Thursday and even better for Jim Courier as the two topseeded players found themselves in the right half of their draws for next week's US Open. After all the numbered
      NYT  -  321 words
    • 77 13 AP DU ESSELDORF, Germany Bern hard Langer, seeking to become the second man to win five German Opens, fired a 7-under-par 65 on Thursday to share the tournament's firstround lead with Sweden's Johan Rystroem. Langer nearly equaled the course record of 64 but missed a
      AP  -  77 words
    • 105 13 AP LONDON, Ontario Canada's Dawn Coe-Jones double-eagled the fourth hole and shot a course-record 64 on Thursday to take a one-stroke lead in the duMaurier Classic. Coe-Jones sank a 4-iron approach from 179 yards on the par-5 fourth to get to 5-under in the final
      AP  -  105 words
    • 88 13 AFP SYDNEY Veteran American golfer Ray Floyd has agreed to play in the inaugural A 5700,000 (*****,000) Greg Norman Classic at the Lakes' course here from December 2 to December S, organisers said yesterday. The tournament replaces the Johnnie Walker Classic and will
      AFP  -  88 words
    • Article, Illustration
      37 13 Reuter MINNEAPOLIS Pittsburgh Steclers free safety Darren Perry (39) stopped Minnesota Vikings tight end Steve Jordan short of a first down on the Vikings last possession late in the second quarter on August 26. Reuter
      Reuter  -  37 words
    • 101 13 AFP PARIS World soccer boss Joao Havelange has highlighted Japan as a leading contender to stage the first World Cup of the next century. The president of the world football controlling body, Fifa, said here that Asia was a growth area and Japan was
      AFP  -  101 words
    • 83 13 AFP LOS ANGELES National Hockey League superstar Wayne Gretzky, who hinted at retirement after the Los Angeles Kings lost the Stanley Cup final last season, will play at least one more year. "He made a decision to play at least one more year,** his agent
      AFP  -  83 words
    • 83 13 AFP ADELAIDE One of the world's greatest cricketers Sir Donald Bradman remains in public demand despite reaching the age of 85 here yesterday. Adelaide-based Sir Donald, who scored 6,996 runs at an average of 99.94 with 29 centuries in his 52 Test career for
      AFP  -  83 words
    • 900 14  -  Elvis will be the general on the field this time and has six guys to shield him By Hean Chung The writer is a BT journalist SINGAPORE Who would have guessed that Elvis would one day play for the 49ers? You are all
      900 words
  • 1341 13 Ik* MmM GA929 1120 Oiilriii SQ228 2120 kmmm RJ187 0135 toltari— GA891 1335 GA890 0001 KLS37 1445 KL838 2310 SQ323 1555 SQ324 0105 HOmm SQ347 1735 < NZ21 1820 NZ22 1935 SQ288 2030 ■■fcraM GF148 0905 B Sari Btprai BJ421 1105 SQ182 0915 SQ181 1410 BM22
    1,341 words
  • Page 13 Advertisements
    • 48 13 Fly Finnair's new MD-11 the world's most technologically advanced aircraft Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      48 words

  • SHIPS IN PORT
    • 313 14 Vtnd fry H» BtHi fcrtwl Dtparturt twwl Vty Wo B«rtt hrtwj Ptpartow JurOM Part Qwyntwo 5/93 P02 alongside 1709/1800 Ftncnm J7 alongside 2108/0100 Rantxm Q IOC/93 P08B alongsde 1809/2200 Gent 170/93 Mnjah 2808/1800 Southern Q 101/93 P09B alongsrfe 17i»/2100 Ion Valour J12 alongside 28.08/1500 Sn N Hua
      313 words
    • 1721 14 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Vty H» CmMmn Wp iy Ho Cwtoiwn whMt Kota Sunt KSR34N 26.0S.93 0950 C» World EE335 MO(EST) *****3 1500 Wan Ha 206 S024 2108.93 1005 Kuala Sak 5 068A COO(EST) *****3 2000 Munkebo Ms 9304 2106 93 1050 (XXX Faith
      1,721 words
  • Page 14 Miscellaneous
    • 547 14 CRYPTIC CWOMWOIIP ~~~l 9 Name a hat possibly as an Lh LbBB ~HH~~ object of abhorrence (8) 1 I I I 10 Apportion the main course, I I I I I P 2 I so to speak (4) 1 One who on the stage (5-7) RP4— 13 Floored, having noticed
      547 words

  • REGIONAL FOCUS
    • 929 15 Los Angeles Times WASHINGTON After months of trying to play down frictions with China, the Clinton administration is headed towards a broad series of open disputes with the Beijing government, ranging from human rights and arms-control issues to the next
      Los Angeles Times  -  929 words
    • 634 15 IHT LONDON China has long been a difficult country to cover, but the nature of the changes there is making matters even worse. The reporting of China, much Like China itself, needs to be modernised. To begin with, there are problems
      IHT  -  634 words
  • Page 15 Advertisements
    • 50 15 We Wouldn't Blame You If You Didn't Know Compass Rose Has Two Beautiful Function Rooms With A Breathtaking View. Afterall, You're Often Down Here And They're Right Up There, In The Tallest Hotel Of The World. THEWESTIN STAMFORD SwTHEWESTIN PLAZA Singapore Call Westin Catering at 338 3808 for more information.
      50 words

  • 585 16 Reuter BEIJING China yesterday threatened to stop abiding by a key global arms control agreement in response to a US decision to slap Beijing with economic sanctions for alleged arms control violations. "Now that the US side has resumed these sanctions, the
    Reuter  -  585 words
  • 55 16 Reuter LONDON Two businessmen showing off their sumo wrestling skills at Exchange Square here on Thursday. The men, who donned foam-filled sumo gear lor their match, were among the bankers, lawyers and builders who had volunteered to try their hand at the ancient Japanese sport, to the amusement
    Reuter  -  55 words
  • 379 16 Reuter SEOUL South Korea's antigraft squad yesterday made a further bid to quiz ex-president Roh Tae Woo about suspected corruption and set him a oneweek deadline to outline his role in a multi-billion dollar jet fighter deal.
    Reuter  -  379 words
  • 277 16 AFP BOMBAY India's stock exchanges will soon overhaul their depository and clearance system for scrips to attract more investors, improve efficiency and break the "paperwork gridlock" in the capital markets. The Stock Holding Corporation of India (SHCIL), the country's largest custodian of shares,
    AFP  -  277 words
  • 335 16 FT LONDON The ranks of Britain's media magnates will from Tuesday be swollen by 54 newcomers including 16 overnight millionaires from London Weekend Television. They will benefit from a share scheme which, on paper, gives them a collective wealth of some £70 million
    FT  -  335 words
  • 268 16 AFP BEIJING China moved with ferocity yesterday to implement a newly launched anticorruption crackdown, jailing a village head who led a virtual insurrection and condemning to death four officials. The ruling Communist Party also acknowledged for the first time that corruption
    AFP  -  268 words
  • 410 16 AFP BEIJING Inflation in China hit 14 per cent in July, but the cost of living in the country's 35 major cities soared to an average 23.3 per cent, a State Statistical Bureau spokesman said yesterday. The urban average was
    AFP  -  410 words
  • 316 16 Reuter, AFP MOSCOW Russia's Parliament yesterday rejected President Boris Yeltsin's proposal to cut the budget deficit, raising the spectre of a new round of political in-fighting and jeopardising new funding by the International Monetary Fund. The Parliament approved its own budget
    Reuter,; AFP  -  316 words
  • Page 16 Advertisements

  • ISEAS Trends
    • 979 17  -  By Chan Heng Chee Professor Chan Heng Chee is Director of the Institute of Southeast Asian Studies. ON the morning of Aug 9, 1965, when the separation of Singapore from Malaysia was announced, I took a plane for the US to enrol in Cornell University, to pursue
      979 words
    • 750 17  -  By Derek da Cunha The writer is a Fellow of ISE.4S and Editor of Trends. IN European society, when one refers to the educated person, one tends to identify him or her immediately as a person of culture and refinement. In modern East Asian society, however, the
      750 words
    • 1372 17  -  Commemorating 25 years of research lis T I I «<r I Of SOUTHEAST ASIAN STUDIES By P Lim Pui Huen The writer was the founding Librarian of the Institute of Southeast Asian Studiet from 1969-87, and is currently a Research Fellow at the Institute. She
      1,372 words
    • 1218 18  -  Functionality, amusement, economic sense and commercial allurement now dictate the architectural design of our new shopping centres, notes Yao Souchou Yao Souchou Dr Yao Souchou is a Research Fellow at the Institute of Southeast Asian Studies. IN South-east Asian cities, mass consumption
      1,218 words
    • 1308 18  -  Maxwell J Fry explodes a few myths about foreign direct investment, particularly as it relates to Pacific Basin countries Maxwell J Fry Dr Maxwell J Fry is Tokai Bank Professor of International Finance at the University of Birmingham, and a recent Distinguished Fellow in Banking
      1,308 words
    • 1163 19  -  i Surin Maisrikrod analyses the recent Malaysian and American diplomatic moves on the regional economic chessboard Surin Maisrikrod O Dr Surin Maisrikrod is a Research Fellow at the Institute of Southeast Asian Studies. TAKEN at face value, the Asean annual ministerial meeting (AMM) in Singapore in
      1,163 words
    • 941 19  -  Diana Wong suggests that international efforts be made to cope with the latest wave of migration Diana Wong Dr Diana Wong is a Fellow at the Institute of Southeast Asian Studies. THE Malthusian spectre of exponential global population growth on limited global resources
      941 words
    • 2786 19 Ancient history and modem-day democracy The Greco-Persian wars, fought on and off for the better part of a century, reached their climax with the landing, in 490 BC, of the mighty Persian army at the plains of Marathon, some 40 km away from Athens, in
      2,786 words
    • 1182 19  -  Chandran Jeshurun looks at the economic, political and technological factors behind the military build-up in the Asia-Pacific Chandran Jeshurun Dr Chandran Jeshurun is a Senior Fellow at the Institute of Southeast Asian Studies. REGIONAL military affairs during these past few years have been
      1,182 words
    • 1350 20  -  Lee Lai To maps out the intricacies of the territorial disputes in the South China Sea and suggests ways to alleviate the situation Lee Lai To Associate Professor Lee Lai To is the Acting Head of the Department of Political Science. National University
      1,350 words
    • 697 20  -  Estrella D Solidum sketches out the centrality of China's role in Asia-Pacific security Estrella D Solidum Professor Estrella D Soiidum is with the Department of Political Science, University of the Philippines. AS a major actor in the AsiaPacific, China is on its way to being
      697 words

  • Page 18 Advertisements
    • 96 18 The Institute of Southeast Asian Studies was established as an autonomous organisation in 1968. It is a regional research centre for scholars and other specialists concerned with modern South-east Asia, particularly the many-faceted problems of stability and security, economic development, and political and social change. The Institute is governed by
      96 words



  • Executive Lifestyle
    • 1686 21  -  Confirmed urbanite Jaime Ee discovers that the Senoko Nature Reserve has its share of thrilling moments for those willing to walk, wait and watch Jaime Ee IT WAS a bright and shiny day. The sky was clear, the heat was bearable and the car was in good
      Photos by Chris Loh  -  1,686 words
    • STRAWS IN THE WIND
      • 52 21 ITS NICE to know that credit card companies really look out for their customers. Even if they're jailbirds. According to a mailer sent out to its customers, one credit card company offers "assistance in obtaining bail", should its cardmembers be arrested in any country. Wonder what they'll think
        52 words
      • 39 21 WANT to know what people really read in the papers? We got a call the other day from an irate reader whose big complaint was that The Straits Times' comics section had repeated some of its cartoons.
        39 words
      • 50 21 YOU GET awards for prompt service, courteous staff and other achievements, but what befuddled us was this certificate proudly displayed in a coffeeshop: "For culinary excellence in Teochew porridge". How in heavens does one get an award for boiling rice and water? Incidentally, their Teochew porridge is mediocre.
        50 words
      • 30 21 AMERICAN colloquialism for the day. "Hey, deadhead, I'm going to obsolete you to ofTload overheads." Roughly translated, it means: "I'm firing you because you cost too much money."
        30 words
    • OPINIONS
      • 601 22  -  Ivan- Fernandez feels the media can play a bigger part in getting the people to retain and discuss the significant points of an important speech Ivan Fernandez The writer is the Associate Editor of The New Paper THE Prime Minister's National Day rally speech
        601 words
      • 155 22  -  Lak Poo Siang, Johor Barn I HAVE applied five times since April 9 to convert United Overseas Bank's warrants 1994 into shares. The standard reply I received each time is that the 40 per cent foreign shareholding ceiling will be exceeded if my warrants
        155 words
      • 805 22  -  Suthachai Yoon raises a few questions over the Thai government's reaction to recent acts of terrorism in the country Suthachai Yoon The writer is editor-in-chief of the Nation publishing group, and is a well-known commentator on Thai politics A FEW hours after a group of
        805 words
      • 830 22  -  Jail labour should take its place in the British economy, writes Neville Stack Neville Stack The writer is a UK-based journalist who contributes to BT THE trouble with being in a European jail is that you have to mix with some very unpleasant people. For
        830 words
      • 110 22  -  Ho Shee Ki for General Manager Board of Commissioners of Currency, Singapore WE REFER to the article, "Existing pre-paid cards not affected by Banking Bill, say analysts" (BT, Aug 3). We would like to clarify that although the proposed amendments to the Banking Act will
        110 words
      • 253 22  -  LETTERS TO THE EDITOR Marc Perton Research Editor Asia, lac I WOULD like to take issue with a recent Agence France-Presse dispatch which cited Asia, Inc's August article on Lippo's investment in China (BT, Aug 19). Asia, Inc's article did not claim, as this story
        253 words
      • 343 22  -  Peter Chia Manager, PaUk Affairs Stock Exchange of Singapore Ltd WE REFER to Denis Distant's letter (BT, Aug 21-22) seeking clarification on "cum rights issue" shares. After a rights issue is proposed, a purchaser of the company's shares will be entitled to the rights issue
        343 words
    • VIEWPOINT
      • 2399 23  -  CONVE^ATTONS The Uruguay Round, Nafta, the EC, Japan and China former US Trade Representative Carla Hills saw action on all these fronts. She talks to Vikram Khanna about the haggling and the high-wire acts involved in global trade accords and discords Vikram Khanna LAST November,
        Photo by Chris Loh  -  2,399 words
      • 569 23 STANFORD, Oxford, and Yale-educated Carla Hills has a resume as long as your arm. When she hasn't been serving on Presidential Cabinets, she's been a partner at several law firms. She was also an Assistant Attorney General in the early years of the Ford administration,
        569 words
      • 481 23 CARLA HILLS has had the rare distinction of serving in two US Presidential Cabinets: apart from the Bush administration, she served as President Ford's Secretary of Housing and Urban Development. That was in the mid-1970s a time when public office in the
        481 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 60 24 Those polled on their view of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities, Daiwa Securities. DBS Asset Management, Kay Hian James Capel, Kim Eng Securities. Morgan Grenfell Asia Securities. OCBC Securities, Ong Company, Peregrine, Phillip Securities, Smith New Court,
          60 words
        • 228 24 Alliance Securities Hotel Properties Limited. The proposed rights issue is attractive. Medium-term prospects look encouraging as contributions from the sale of Four Seasons Park condo will boost profits till 1994. With the purchase of the Jade House site at Nassim Road, the group would embark on another upmarket residential
          228 words
        • 166 24 G K Goh Securities Climbing almost 14 per cent in the last month, the Jakarta stock market has earned a fair share of attention from overseas investors. While the market's bullish factors namely, sliding interest rates, an economic recovery and improving corporate earnings are still
          Source: Bridge Info  -  166 words
        • 287 24  -  J S Leow T A Securities Sdn Bhd The firm is the largest retail-based brokerage house in Malaysia HESE days, greatI er volatility on the .A. KLSE is a trend, not just an aberration. The one-year rally on the KLSE has been largely propelled by excess liquidity
          287 words
      • 535 24  -  But they would selectively pick up second-liners or turnaround stocks. Agnes Chen finds out more Agnes Chen AS THE Singapore stock market charges ahead into uncharted waters above 2,000 points, there are few signposts for investors wondering what they should do next sell, hold or
        535 words
      • 1291 24  -  Quak Hiang Whai recommends some relatively cheap counters which may have the potential to become blue chips Quak Hiang Whai PAST 2,000 points, the stock market may be too rich for the blood. Despite Singaporeans being allowed to invest more of
        Source: Bloomberg  -  1,291 words
      • 1001 24  -  By Schutz Lee INVESTORS should favour Vikay Industrial's initial public offer on the second board if only for the fact that the electronics sector has grown by more than 20 per cent in the last three consecutive quarters. The liquid
        1,001 words
      • 1040 25  -  and outperform the professionals, reports Magdalene Ng Magdalene Ng SOME students at Singapore Chinese Girls' School were given an unusual assignment earlier this year. As an extension of their school syllabus, they were asked to team up in fours and invest $50,000 in the local stock
        1,040 words
      • 3684 25 OVER three months, Business Times and DBS Bank invited readers to send in questions they had regarding the CPF Investment Scheme. To bring the "CPF Q&A series to a close and move on to a new share investment column, we have reprinted below the entire series in a
        3,684 words
    • 557 26  -  By AUDREY TAN EVER felt the need to climb a mountain? How about risking your life on K2. the toughest mountain terrain ever? Basically a friendship-on-a-peak story. K2 is the tale of two men with a common interest in grappling with the nooks and crannies found
      557 words
    • Article, Illustration
      648 26  -  Cinema Review By SUSAN TSANG THE Jungle Book was the last animated feature under Walt Disney's personal supervision. First released in 1967. a year after his death, the animated tale of a kid's walk through the jungles in India is back for yet another run. And why not
      648 words
    • 1416 26  -  Juliette Walker gets her first real taste of the sky, sans airplane windows; in a hot-air balloon Juliette Walker WE WERE 1.500 ft up in a hot air balloon when the fuel hose sprang a leak. The propane spewed out and exploded into a ball of
      Photos by Juliette Walker  -  1,416 words
    • 660 26  -  Chopping By JAIME EE SHOWERS of blessing fell lightly from the sky on Tuesday evening, threatening to spoil some very expensive designer suits as the new Tangs Studio at Ngee Ann City finally opened the doors of its new home. Still, it didn't deter
      Photos by Chris Loh  -  660 words
    • 647 27  -  CD Review By R SIVANITHY DEEP PURPLE The Battle Rages 0n... Perhaps the single most shocking thing Deep Purple fans will discover with this album is just how badly singer lan Gillan's voice has deteriorated. And this is the main disappointment in what could have
      647 words
    • HEALTH & FITNESS
      • HEALTH Notes
        • 161 28 Prevention magazine POOR seating and sitting for long periods is back enemy number one. The fact is that sitting puts four times more stress on your back than standing. In fact, slumping and spending long periods in chairs, standing with your weight on one leg and unbalanced
          Prevention magazine  -  161 words
        • 135 28 Prevention magazine RESEARCHERS are increasingly associating certain vitamins and minerals, along with exercise and a healthy diet, with a lower risk of heart disease. Studies show that people who have a high dietary intake of C, E and beta carotene have a lower risk
          Prevention magazine  -  135 words
        • 138 28 Prevention magazine IF A spare tyre has rolled out around your waistline, an expert believes that a little ego massage might do the trick. Many people trying to lose weight have low self-esteem which, in turn weakens their resolve. They need to develop a strong
          Prevention magazine  -  138 words
        • 177 28 BBC LAUGHTER, it seems, is a crucial ingredient for a healthy life. Essentially whenever we're laughing, two things happen. First, the body is stimulated. During the act of laughter, the whole body is exercised. In fact, the medics sometimes call laughter "stationary jogging" or
          BBC  -  177 words
      • 1035 28  -  Densie Webb checks out the controversy over attempts to sneak the nutrient into a child's diet Densie Webb NYT GIVEN a choice between skim milk and sweetened fruil punch, which would most children choose? As any parent will attest, the choice is
        NYT  -  1,035 words
    • PEOPLE
      • 330 28 MITSUI OSK Lines (MOL) and Hai Sun Hup Group recently welcomed Kunihiko Ara as managing director of their fledgling joint venture, Mitsui OSK Bulk Shipping (Singapore) Pte Ltd. Held at Raffles Hotel on Aug 17, the reception drew about 100 of the company's executives
        Photos by Arthur Lee  -  330 words
    • TIME OFF
      • 833 29  -  Shahiron Sahari feels it's ironic that Jackson should sing about building better worlds when he is no great example of interpersonal relationships Shahiron Sahari AT THE time of going to press, the news on Michael Jackson is that he will definitely be performing at the Singapore
        833 words
      • 181 29 Emily of Emerald Hill Margaret Chan returns as Emily in Stella Kon's award-winning play of a nonya orphan who sacrifices happiness to rise to her status as mistress of a wealthy family. Last day today. Bpm at Jubilee Hall. Tickets at $18 and $25; $10 and $15 for 3pm
        181 words
      • 242 29 Michael Jackson Live In Concert The Gloved One himself descends upon Singapore. Part of the Dangerous tour, this concert is aimed at raising funds for charities and other worthy causes. Fans are promised a concert they will remember. Aug 29 and 30. 7.45pm at the National Stadium. Only $65
        242 words
      • 98 29 The Blue Planet Produced with help from Nasa. this film takes you on a trip to space where the Earth seems suspended in a limitless void. With footage charting the planet's physical changes, we see how natural catastrophes have devastated life here. Too bad Man is intent on contributing
        98 words
      • 444 29 Berlin Art Scene The first significant exhibition curated by Berlin Kunstlerhaus Bethanien after the fall of the Berlin Wall, this shows the present art scene in the formerly divided city. Twelve artists have been chosen to participate in this event. < Till Sep 15. 9am to 5.30pm
        444 words
      • 823 29  -  Shahiron Sahari checks out the shopping centre's newest entertainment joint Shahiron Sahari AWAY from the city, but not so far away as to make it a big difference, is the new entertainment joint at Parkway Parade called Scorpion. Located where Peppermint
        823 words
      • 114 29 Making Connections A look at video art, with an attempt to examine their state, form and aesthetic positioning. Presented as part of Art Ot Tomorrow. Septfest. Sep 3 to 12. llam to 9pm at the Gallery. Admission is free. Story of Di Qing: Seizing The Flag Of
        114 words
      • 252 29  -  Compiled by Audrey Tan Oliver! First the movie, now the play. Everyone's favourite orphan boy goes from rags to riches once again in this Gateway Theatrical Company of New York production. Sep 8 to 12. Bpm daily; 7pm on Sun mt the Kallang Theatre. Weekend matinees at 3pm. Tickets
        252 words
    • EPICURE
      • 620 30  -  Bon Appetit By JAIME EE BOAT QUAY is becoming, by the day, more frustrating to dine at. It's impossible to find a parking lot whether it's lunch or dinner time, and because a lot of the restaurants there insist on being "cool" and leave their doors open for
        620 words
      • 708 30  -  By SUSAN TSANG TO KEEP diners on their toes, the Summer Palace at The Regent offers new options on their menu every two months. Their chefs from Hongkong have also introduced set dinner menus for two ($l2B to $238) or four ($248 to $468), featuring "specialty dishes* 1
        708 words
      • 762 30  -  Wine By N K YONG BUYING wine in Singapore today has become much easier than it used to be 10 years ago. Time was when the only sources were the supermarkets; Cold Storage had the monopoly then. The wine and spirits importers were there but
        762 words
    • Article, Illustration
      1062 32 BiMiiyi. Michael Caine and Roger Moore ham it up as would-be con-men. Orchard: 11; 1.30; 4; 6.45; 9.15. Ckridna «f tka Cam H. Sequel of the Stephen King tale about vicious kids who overrun a village and worship a cornfield deity. Pavilion: 1; 3; 7; 9. Cop And A
      1,062 words
  • Page 21 Advertisements
    • 208 21 I -IVBilffff -=—llMlwrnr I awiMi »inw I The *mW way of turning dura into I I Mo l^KS» Lm> """TaßS 1- REVERSO. Avant-garde since 1931. I THE LECEND LIVES ON IN REVERSO Our masterNEVER ON THEIR LAURELS. NEITHER ON OVER ISO-YEAR TRADITION OF MARinc the MECHANICAL MOVETHE FAME OF REVERSIBLE
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  • Page 22 Advertisements
    • 563 22 BUSINESS T LMJE S TOLL-FREE TEL. No. 1-800-737 0043 FAX:734 3698 iTB Superior Metal Printing Ltd. The Directors are pleased to announce the unaudHed mutts of the Group and of tho Company tor tho six months sndsd 30 Juno 1983: COMPANY GROUP 1»3 1912 %V- 1989 1102 rooo rooo rooo
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    • 29 22 BT welcomes letters from yw. Please i address them to: The Editor, il Business Times, ||1 390 Kim Seng Rd, S'pof* 0923. letters should include your cootact numbers. :V:
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    • 7 22 Doonesbury and Bristow are on Pg 4
      7 words





  • Page 27 Advertisements
    • 52 27 ft DISTINGUISHED NAMES W^mw^mß jj^JH^pi^^ Gent's Lidic&g^^Jr shoes Eocl^B3KKm^£t f k) Wkndhiv~/\nnm^^tt^P No* Shown l> rktMl* All Mmhndiie While Slocks Laot. All Merchandise Are Available Al famous Brands Dept. Level t. DAIM A R U 177 RIVER VAIIEY ROAO. SINGAPORE 0617. TEL: 339- 1 1 1 OPEN DAIIV: 10.30 AM
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  • Page 30 Advertisements
    • 48 30 Win a wonderful prize for a bride > Four nights at Raffles elegant tea reception HER WORLD Available at fie .'stand' from .our Ne 1 /svendor Times the Bookshops 7-Eleven '.tores Guardian Phamuc. •SFOP PRESS kiosks It you are unable to get HER WORLD rail 1300-/*****7 during office hours.
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  • Page 31 Advertisements
    • 578 31 fysM Notliingßeats ABud. or At Cafe Carousel (SmSd bou£mv Horn. 200 Orchard Boulevard Singapore 1024 Te1:737 2911 ||B|flj|||ifl Alan Ng, food writer of l.ianhe Zanbao,"lt'< a high tea of distinct difference from those we had tried locally." Why go Penang? Princess Terrace Cafe introduces Penang High Tea with favourites like
      578 words
    • 184 31 rt! WHERE TO WINE, DINE AND ENTERTAIN Heats 1-3 \29Ju* 5 A 12 August l $15++ inclusive of first drink. k Grand fina^K $75 nett, inclusive of buffet dinner Venue Function Rooms > jvfs j :7.00 pm -1 XPLAZAHgra r] TEA FOR ALL Buffet spread of Continental and local fare,
      184 words
    • 293 31 ft-m; Detectable Y«ag Dtrfa Ballet at Qaltebw «wqr Stkmwimf ami >—day. llMfalilya n«j» upwpw |H>|> per cfciM (WWw 10 jrw) M^ ne rlT.'^r' |IiJ|HMy«M 9 V ffi^r. W1 Orchard tad. flnppnr> 0»1V T«l *****11 L wwSS |Saturday Spectacular| ********** JVII lllllllllllllllfl^BK^Hßßk^^^Hn^Mllll The Saturday Buffet Lunch at ColemanTa n&QcfetTX&UK Coffee Houee
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  • Page 32 Miscellaneous
    • 2280 32 TODAY'S TV too Gerhort tJO KhigArther. 9.00 Kolab Kanak-Kaaak AagSaat KukatakM Onto, 3.30pm, Travel Ipm, 10 00 Hot Whwrt*. 10.30 Metach. Trying to get over the death of Lu Hanessian takes |HpHri 11 JO EM Mam (r). her husband, Anggun resumes Amsterdam, Hague, I 12.00 NN Notts. her studies, only
      2,280 words