The Business Times, 2 July 1994

Total Pages: 28
1 28 The Business Times
  • 13 1 Business Times WE KNOW ASIA MITA(P) 010/12/93 Weekend Edition, Julv 2-3 1994 75*
    13 words
  • 788 1  -  By Genevieve Cua SINGAPORE The family company that holds a controlling 39 per cent stake in listed food and beverage group Yeo Hiap Seng (YHS) is to be wound up, the High Court decided yesterday in a ruling that marked
    Photo by Tay Kay Chin  -  788 words
  • 452 1 The Straits Times Bloomberg Business News, TOKYO In his first major news conference as Japan's prime minister, Tomiichi Murayama said yesterday he supports cooperative relations with the US and policies that will stimulate the Japanese economy. Mr Murayama is leader of the Social
    The Straits Times; Bloomberg Business News,  -  452 words
  • 348 1  -  By Joyce Quek SINGAPORE A third attempt to get some money out of the ill-fated Pan-Electric Industries collapse will be made next week via the biggest ever lawsuit alleging professional negligence filed against auditors in Singapore. From July 4, the Sios million suit
    348 words
  • 2am LATEST
    • 54 1 Reuter PARIS International aid donors have pledged USS6 billion (Ss9 billion) in aid to India for the 1994/95 fiscal year and voiced support for India's market reforms. The World Bank yesterday said about 30 per cent of the money will be in the form of grants
      Reuter  -  54 words
  • 163 1 Stock market indices Friday Change STI1 2,210.65 -14.26 KLSEComp 1,003.76 -7.82 Nikkei 20,543.41 -100.52 Hang Seng 8,634.37 -124.04 SET Index closed Jakarta Comp 458.74 +1.44 CLSA China B 1,025.13 -0.04 Aust All Ord 1,965.8 -23.3 FTSE 100 2,936.4 +17.2 Friday Previous 2pm close Dow Jones 3,639.21 3624.96 Average
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  • 465 1 rallies in US after Tokyo plunge Reuter NEW YORK The dollar was taken on a global rollercoaster ride yesterday, plunging in Tokyo to a new post-World War II low against the Japanese yen before steadying a tad to catch its breath in Europe and rebounding in New York. In early
    Reuter  -  465 words
  • 101 1 Reuter NEW YORK Renewed inflation fears took the wind out of an early rally yesterday, leaving stocks only slightly higher at midday. At Ipm EDT in the broad market, gainers led losers 10-9 on volume of 126.5 million shares on the NYSE. At 2pm EDT, the
    Reuter  -  101 words
  • 269 1 Reuter WASHINGTON US Treasury Secretary Lloyd Bentsen on Thursday called on Japan and Germany to cut their interest rates to help prop up the battered dollar. This is the first time Mr Bentsen has publicly asked the two countries to cut interest
    Reuter  -  269 words
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  • SINGAPORE NEWS
    • 317 2  -  By Claire Leow THE Economic Development Board (EDB) yesterday presented the business headquarters (BHQ) award, which carries tax and other incentives, to American heavy equipment manufacturer Caterpillar Overseas SA and European semiconductor maker SGSThoniMJii's Asia Pacific headquarters. The award was designed by EDB
      317 words
    • 391 2 SGS-THOMSON Microelectronics, u joint venture between French and Italian semiconductor companies, is in the final stages of deciding whether to invest USSSOO million (***** million) in a high-tech chip plant here. Milivoj von Somogy. corporate vice-president and president for Asia Pacific,
      391 words
    • 458 2  -  By Juliette Walker ILLINOIS-based Caterpillar lnc will consolidate its regional headquarters in Singapore this month to support fastgrowing demand for its earthmoving equipment and diesel engines in Asia Pacific. Don McDonald, president and managing director of Caterpillar Asia, said Asian
      458 words
    • 490 2  -  Wright vs BT. OCBC c By Ven Sreenivasan LCiON ZI:HNDI:R managing partner Norman Wright was "angry, stunned, overwhelmed. and upset" by an apology to OCBC Bank that Husini'w times published in Deeember 1987 and saw it as an attaek on his
      490 words
    • 446 2 OCBC vs Wright NORMAN WRIGHT had taken as "gospel" what he read in Business Times on Nov 17, 1987, said QC Charles Gray, for OCBC. when he completed his closing submission in OCBC's defamation case against Mr Wright. "This is an unpromising
      446 words
  • Page 2 Advertisements
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      245 words
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  • Page 2 Miscellaneous
    • 481 2 I WEATHER Singapore: Showers over several areas in the late morning and early afternoon. (Temperature range: 24-32). Asu PkMc Hi/la* Cond Europe Hi/lV Cond Buercs 4#es 07 -3 Cloudy Auckland 11 <06 Showers Amsterdam 24 16 STowcfS Chicago 25/16 Cloudy BargHcw 32/24 F Storni Athens 35,22 Sunny HorokAj 30 22
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  • THE REGION
    • 410 3  -  By S N Vasuki SINGAPORE Westinghouse Electric Corp and Indonesia's state nuclear agency, Batan, have announced the establishment of a centre at Serpong that will provide detailed engineering for an advanced nuclear reactor, a sign that the country's nuclear power programme is
      410 words
    • 41 3 Reuter MANILA About 2,000 Filipinos marching to the presidential palace here yesterday to protest against a new value-added tax and to urge the government to reject the economic prescriptions of the International Monetary Fund for the country. Neuter
      Reuter  -  41 words
    • 341 3  -  Reports by Harish Mehta in HANOI THE most senior American government delegation to visit Vietnam since the end of the Vietnam War arrived here yesterday for talks on US troops missing in action (MlAs) and to discuss trade and
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    • 217 3 HANOI A surge in domestic production and improved trade policies have sent Vietnam's exports soaring in the first six months, officials say. Exports in the January-June period were up 25 per cent to US$l.6 billion (552.4 billion) as new production units such as
      217 words
    • 562 3 Reuter HONGKONG With a Sino-British agreement in the bag at last, long-running disputes on Hongkong's air and container ports move to the top of the agenda. However, prospects for quick deals are clouded by significant problems. Both sides
      Reuter  -  562 words
    • 404 3  -  By Anna Teo SINGAPORE l or proof, if any were needed, of the prosperity around the Pacific Kim laipei. Seoul. Hongkong and Singapore have become more expensive places for executives than they were six months ago. according to a
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    • NOTE BOOK
      • 77 3 AFP HANOI Ho Chi Minh City is planning to set up a private post and telephone service in a further step towards shaking up Vietnam's lumbering state communications monopoly, a report said yesterday. Hie proposed joint stock company will have an initial capital of IJSSI.4
        AFP  -  77 words
      • 46 3 Reuter Bl:IJIN(i A I ibetan man waiting on a sidewalk here yesterday for a customer for the animal skull beside him. Migrant visitors to China's capital bring handicraft and other saleable goods as they try to boost their income. Reuter
        Reuter  -  46 words
      • 84 3 All' HONGKONG Media self-censorship is increasing in Hongkong in the run-up to China's takeover in 1997. said a report released here yesterday. Hie annual report by the Hongkong Journalists Association and a London-based pressure group said the right to speak out in Hongkong had
        All'  -  84 words
      • 69 3 Reuter BRUSSHLS The Luropean Commission said yesterday that it was reimposing customs duties on imports of television sets from Thailand. It said imports this year had exceeded a ceiling value of 2.3 million KCUs (SS4.I million), triggering the reimposition of duties after an
        Reuter  -  69 words
    • 231 3 Reuter WELLING lON Credit rating agency Standard Poor's raised a cautious cheer for New Zealand's Budget yesterday, but promises of growing government surpluses and falling debt failed to set the financial markets alight. Finance Minister Bill Birch said on Thursday the country
      Reuter  -  231 words
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  • THE REGION/WORLD
    • 485 4 Bloomberg Business News AP, Reuter, WASHINGTON The US government's main economic forecasting gauge was Hat for a second straight month in May, the Commerce Department said yesterday, adding to the impression the expansion is shifting to a lower gear. The department said the
      Bloomberg Business News; AP,; Reuter,  -  485 words
    • 399 4 AP WASHINGTON In a move that will dramatically transform the composition of petrol used by millions of American drivers, the Clinton administration on Thursday announced that nearly one-third of vehicle fuel sold in the most polluted American cities must contain additives,
      AP  -  399 words
    • 457 4 AP, Reuter, AFP GAZA CITY. Gaza Strip Yasser Arafat made a triumphant entry into the newly autonomous Gaza Strip yesterday to cap a 27-year odyssey from guerilla fighter to government leader. After shaking the hand of an Israeli general at the Kafah border crossing
      AP,; Reuter,; AFP; Reuter  -  457 words
    • 379 4 Reuter LONDON A top Harvard economist called yesterday for a radical overhaul of the International Monetary Fund (IMF), saying it was wedded to *****-style economics and was failing to help debtor nations such as Russia. On the 50th anniversary of the
      Reuter  -  379 words
    • 252 4 JAKARTA The government will require real estate developers to accelerate the construction of houses to meet rising demand in the country. Indonesian State Minister of Public Housing Akbar Tandjung said. "Developers, under a new ruling currently being prepared by the government, will be
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    • 382 4 Eastern Express HONGKONG Governor Chris Patten is to consider whether to invite directly elected members of the Legislative Council (Legco) to sit on the government's top policy-mak-ing body, the Executive Council (Exco), before next year's elections. He has pledged
      Eastern Express  -  382 words
    • 1434 4 c«)f nm ro fw rro Aanwan RJ187 0130 AnNtardani SQ25 0630 KL844 0035 KL831 0935 KL838 2300 SQ324 2345 Auckland NZ21 1735 BAH 1505 SQ286 2040 NZ22 1825 Bahrain Gf 146 0905 B Sari Bagawan BI421 1105 SQ182 0915 SQ181 1410 B1422 1205 BI429 2030 B1430
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    • 432 4 Reuter BANGKOK Halfway through another boom year in Thailand, some analysts say the perceived weakness of government is clouding the economic outlook beyond 1994. Financial markets are also nervous because a lone hunger striker outside parliament demanding democratic reforms appears
      Reuter  -  432 words

  • THE WORLD
    • 529 5  -  But it delays to July 31 decision on similar sanctions proceedings against Japan From Leon Hadar in WASHINGTON THE Clinton administration is launching an investigation into violations by China of US intellectual property rights and piracy of American software and music recordings, US Trade
      529 words
    • 339 5 AFP LONDON Britain and Germany remained deadlocked after a day of diplomatic activity on Thursday over attempts to find a candidate for the European Union's (EU) top executive post acceptable to all 12 member states. After separate talks with his British counterpart Douglas Hurd
      AFP  -  339 words
    • 338 5 NYT NEW YORK Moving to expand its nuclear power business into the former Soviet Union, the Westinghouse Electric Corp has reached a tentative agreement to begin work improving the safety of nuclear reactors in Russia and Ukraine. The agreement announced by company and
      NYT  -  338 words
    • 63 5 Reuter VIENNA Members of the Green parliamentary faction and human rights activists protest against the visit of China's hardline Premier Li Peng in front of parliament. Mr Li, on a five-day visit to Austria, was forced to receive President of Parliament Heinz Fischer at his
      Reuter  -  63 words
    • 298 5 Reuter LONDON Britain's competition watchdog, the Office of Fair Trading (OFT), is to probe a price war between two prominent newspapers, the Daily Telegraph and The Times. The announcement on Thursday followed a move last week by Canadian media tycoon Conrad
      Reuter  -  298 words
    • 288 5  -  By Vikram Khanna PRIVATE investment as a proportion of developing countries' total investment in infrastructure looks set to double by the end of the decade. according to a World Bank official. In a press briefing yesterday on the bank's 1994 World Development Report entitled "Infrastructure
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    • WORLD WATCH
      • 73 5 Reuter BONN Deutsche Bundespost Telekom. Germany's phone monopoly, yesterday urged France to privatise its state telephone monopoly I ranee Telecom soon in order to strengthen the I ran-co-German telecoms alliance. But Deutsche Telekom chairman Helmut Kicke told reporters ahead of the annual news conference
        Reuter  -  73 words
      • 106 5 Reuter \IRDRIE. Scotland Police escorting victorious Helen Liddell. Labour candidate for the Monklands East by-election, from the town hall here as she is mobbed by supporters. The opposition Labour Party beat off a strong nationalist challenge and allegations of corruption to hold on to the seat
        Reuter  -  106 words
      • 85 5 Reuter ROME Italy's Defence Minister Cesare Previti unveiled a plan on Thursday to streamline the military over the next decade. He said the government of Prime Minister Silvio Berlusconi was prepared to spend 55 trillion lire (SSS2 billion) over the next decade to build an efficient
        Reuter  -  85 words
      • 98 5 AFP BERLIN Germany's new president, Roman Hcrzog. took office yesterday with a call to combat totalitarianism and extremist violence, work for the social integration of foreigners and debate immigration openly. The 60-year-old former chairman of the constitutional court, who succeeds Richard von Weizsaecker. was sworn
        AFP  -  98 words
  • Page 5 Advertisements
    • 90 5 I_■ aNIqJ® m«( y^ >o^w/> Total iSet Lettable Area 32,0H7nr t k%) NEW ZEALAND'S P/«j adjoining purchase Me area 4,966 m LARGEST options to furlter r j mt uKe ;j„ INTEGRATED increase land holding Secure income and rental upside DCT RETAIL OFFICE p> Net Income Subdivisional potential COMPLEX .VZ 15.590,000p.a.
      90 words
    • 151 5 Next stop on the information highway i———————————————— I Singapore Press Holdings' Shine sen/ice on Teleview has something of interest for everyone. Stay informed With Shine's news and information. Keep track of current affairs, business, lifestyle, health, investing, sports, technology and more. Be delighted and entertained By interesting articles on exotic
      151 words

  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • 19 6 For next week 's expected market sentiment, see BT Sentiment Index on EL (Personal Finance Investment section)
        19 words
      • Article, Illustration
        146 6  -  By Paul Leo Hong Leong Properties has been trading between $1.82 and $2.52 since April 4. It will rally towards $3.22 on a break above $2.52 but will fall towards $1.12 if it breaches $1.82. At $2.00 yesterday, technical factors indicate that it is unlikely to move below
        146 words
    • 313 6  -  By Dexter Lee SINGAPORE The Stock Exchange of Singapore will simplify the fees for and speed up the processing of applications for listing foreign debt securities on the local bourse. SES said yesterday the move was aimed at
      313 words
    • 385 6  -  From Ho Kay Tat in KUALA LUMPUR 1 ML senior official blamed for Bank Negara's massive foreign exchange losses. Nor Mohamed Yakcop. will be joining Malaysia's top stockbroker Kashid Hussain Bhd (RHB) to head its well-regarded research arm. He has been hired as
      385 words
    • 289 6  -  New listings on SES and KLSE By Corinne Kerk SINGAPORE Super Coffeemix Manufacturing, which will launch its initial public offer on Monday, is likely to offer about 30 million new shares priced between 70 and 80 cents each, sources say. The public
      289 words
    • 820 6  -  HOCK LOCK SIEW By Amy Balan SINGAPORE The shake-up has started. Kumpulan Guthrie. Malaysia's sleeping giant, is finally waking up. A number of top Guthrie executives have already resigned or are in the process ot doing so. It is
      820 words
    • 172 6 Reuter KUALA LUMPUR Rediffusion Bcrhad has obtained the approvals of the Securities Commission and the Foreign Investment Committee for listing its shares on the Kuala Lumpur Stock Lxchange Second Board. Rediffusion's listing is now subject to the approval of the KLSL. Arab-Malaysian
      Reuter  -  172 words
    • 230 6 Bernama KUALA LUMPUR Media publisher Utusan Melayu (M) Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, has forecast a group pre-tax profit of MS 12.5 million (557.3 million) for the year ending Dec 31, 1994.
      Bernama  -  230 words
    • 664 6 Heavy exposure to Russia makes analysts wary Reuter SINGAPORE Key shareholder Quek Sim Pin created instant demand for Acma Ltd shares last year when he brought home a USSI6O million (SS2SO million) contract from a Russian company called Gazprom. At an investment analysts'
      Reuter  -  664 words
    • 242 6 SINGAPORE Amcol Holdings is raising money from a $115 million unsecured bond issue to pay off a bank overdraft it had drawn to develop its Tanjong Rhu residential project. The company has sealed a "bought-deal" with Citicorp Investment Bank (Singapore) Ltd and
      242 words
    • 189 6 SINGAPORE Stockbroker Vickers Ballas Holdings has formed a wholly-owned subsidiary in the Philippines, called J Ballas Securities (Phils) Inc, with a paid-up capital of 50 million pesos (SS2.B million). J Ballas-Phils has an authorised capital of 100 million pesos, divided into one million shares
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    • COMPANIES
      • 1240 7 Ranking of Malaysian companies by market cap MBT KUALA LUMPUR The six-month consolidation phase on the Kuala Lumpur Stock Exchange, which provided a breather for the super-bull run, reduced the number of "bil-lion-ringgit club" companies from 130 at end-1993 to 102 as
        MBT  -  1,240 words
      • COMPANY BRIEFS
        • 113 7 SINGAPORE National carrier Singapore Airlines yesterday denied a Reuters report which said that it is negotiating for a stake in a Czechosiavakian airline. SIA assistant director of corporate affairs Karmjit Singh said yesterday in a statement: "SIA has never had any discussions, nor
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        • 79 7 SINGAPORE Bonvests Holdings has sold its 8.11 per cent stake in Miltox Holdings Pte Ltd and its 50 per cent stake in Miltox Singapore Pte Ltd for $1.91 million. The buyer is PL Technologies Pte Ltd, one of two other Miltox Holdings shareholders. Miltox
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        • 46 7 SINGAPORE Rotary Engineering has formed an offshore engineering joint venture in Singapore with Sicilmontaggi of Italy. Rotary said yesterday it will take a 60 per cent share in the joint venture, which will have an initial paid-up capital of $400,000.
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        • 54 7 SINGAPORE Econ International has acquired a 49 per cent stake in Micro Union Industries for $842,000. Micro Union is an electronic and electrical-related products contract manufacturer. The remaining 51 per cent of the company is split equally between Chong Hon Keuon and Chee Mun
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        • 35 7 SINGAPORE C K Tang director Tang Wee Cheng has resigned. His resignation, effective last Thursday, is part of a settlement reached with his two younger brothers in a family feud.
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        • 103 7 Reuter KUALA LUMPUR —r Malaysian canning firm Kian Joo Can Factory Bhd hopes to seal a joint venture with a firm in Vietnam this month to make two-piece aluminium cans. Malaysia's Business Times quoted Kian Joo general manager Anthony Sec Thow Guan as
          Reuter  -  103 words
        • 88 7 Bernama KUALA LUMPUR Telekom Malaysia Bhd proposes to issue euroconvertible bonds to finance its capital expenditure for network expansion and modernisation. The bond issue will offer a low coupon rate, an issuance of equity at a premium over current market price, and no immediate and material
          Bernama  -  88 words
      • 212 7 Bernama KUALA LUMPUR Malaysian Industrial Development Finance Bhd has announced a pre-tax profit of M$ 100.27 million (5558.15 million) for the year ended March 31, 1994. up from M 591.90 million previously. MIDF yesterday said that at the company level, it achieved a pre-tax
        Bernama  -  212 words
      • 559 7 UNIT TRUSTS FUNDS prfcM Jul 2 4 UMB Invest Mgt Ltd Singapore Unit Trust \t>] !.S The Commerce 160 169 United Of Fund 165 171 The Savings Fund 1.52 161 IJmlcd Asia Fund 158 I 68S'pore Prog Fund 069 0.73 Spore See Fund 1.02 1 08 UOB Lite Assurance S
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      • 449 8 Multi-billion-dollar plan to develop rail yard into homes for wealthy NYT NHW YORK A group of Hongkong investors have stepped in with the money that Donald Trump needs to begin building the first towers of Riverside South, a project that could profoundly
        NYT  -  449 words
      • 365 8 Bloomberg Business News NEW YORK CBS Inc and QVC Inc said they are close to an agreement on a merger that would join the nation's toprated television broadcaster with the largest cable homeshopping channel. The new entity, with a combined market
        Bloomberg Business News; Reuter  -  365 words
      • 147 8 Bloomberg Business News HONGKONG Allegations about improper dealings in the shares of Seapower International Holdings were false and aimed at undermining confidenee in the group, honorary ehairman Choi Sai-leung said. Mr Choi denounced reports this week in two Hongkong newspapers, the Hong Kong Economic Journal
        Bloomberg Business News  -  147 words
      • 185 8 Bloomberg Business News HONGKONG Standard Chartered Securities has been barred from the underwriting business in Shanghai following a similar ban in Hongkong, the Hongkong Economic Times reports. The Hongkong-based merchant bank, a subsidiary of British banking group Standard Chartered pic, has already lost out
        Bloomberg Business News  -  185 words
      • 317 8 AFP SY DNEY Australia's largest company, BHP Co Ltd, yesterday announced record net profits of AS 1.284 billion (SS 1.425 billion) for the vear to May 31. The result was up 29.6 per cent on the previous year's A 5990.6
        AFP  -  317 words
    • SHIPS IN PORT
      • 635 8 Vessel Voy No Berth Arrival Departure Jurong Port A3 15; r CO/21 alongsnJe 020/ 0900 8a(an mflar N12/ 110 alongsde 02 0/ 2300 Caraka H1/26 02/94 17 8 alongside 02 0 7 2 300 Oman Fu 11 01/94 M alongside 02 07/1000 lion Valour 112 alongside 02
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      • 2238 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookin(/Ba4ance RsJts Ship Voy No Etb/Btr Period From To From An We 193A 03 0500 2A 01/1/00 02 0659 02 0900 28 01/1/00 *****9 02 0900 3 02 0/00 02/1159 02
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    • FINANCE & COMMODITIES
      • 472 9  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange has got the green light from American regulatory authorities to market its Morgan Stanley Capital International (MSCI) index in the US. This was disclosed yesterday by Simex president Ang Swee
        472 words
      • 414 9 Reuter LUXEMBOURG Commerzbank AG, the smallest of the big three Frankfurt-based German banks, said its earnings had jumped by about a third in the first five months of this year. Management board chairman Martin Kohlhaussen told reporters in Luxembourg on Thursday that group operating profit,
        Reuter  -  414 words
      • 456 9 Bernama KUALA LUMPUR Standard Chartered pic prefers to wholly own Standard Chartered Bank Malaysia Bcrhad as this would enable the subsidiary to benefit from the group's international operations, its London-based group chief executive, Malcolm Williamson, said yesterday. "We feel it is better to
        Bernama  -  456 words
      • 345 9 Bloomberg Business News TOKYO The aggregate profit of Japan's 150 hanks plunged 31.5 per cent in the year that ended March 31 as the cost of writing oIY delinquent loans cut deeply into earnings, a report compiled by the Federation of Japan Bankers
        Bloomberg Business News  -  345 words
      • 499 10 Analysts wonder if many other banks will follow suit Reuter LOS ANGELES BankAmerica Corp's announcement that it would take a US$4O million (SS62 million) charge in the second quarter because of problems involving derivatives surprised Wall Street and also raised questions about how
        Reuter  -  499 words
      • 424 10 Reuter SINGAPORE Singapore refiners are assessing whether the unprofitability in crude processing merits a cut in throughput for the first time in many years, but most sources were optimistic the situation will improve in August. They said no refinery had yet
        Reuter  -  424 words
      • 395 10 DBS weekly currency review US$/mark: correction or turning? The US dollar fell further on Monday to hit a low of 1.5723. Thereafter, it settled to trade within 1.5731 to 1.5916 before buying interest returned to see it trade to a high of 1.5985
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      • 403 10 Bloomberg Business News SINGAPORE Forward crude oil prices in East Asia were assessed higher yesterday after southern Yemeni forces bombed a north Yemen oil field. Forward supplies of Malaysian Tapis, the Asian benchmark crude, for August delivery were assessed at between
        Bloomberg Business News  -  403 words
      • 174 10 NEW YORK Ernst Young said it found many corporations don't have adequate rules governing their use of derivatives and that senior managers often don't understand the risks of these complex financial contracts. In a year-long stud>. the big accounting and consulting firm discovered
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      • 241 10 Bloomberg Business News LONDON For Lurope's major oil companies, the first half of 1994 was miserable. For some, the second half may be better if oil prices hold. The recent six-month period saw the lowest average crude oil price
        Bloomberg Business News  -  241 words
      • 202 10 Bloomberg Business News LONDON The dollar drifted lower to end the day weaker against the mark and the yen as traders took advantage of early dollar gains to sell the US currency. Yet the dollar continued to trade above the post-War low it fell to against the yen on
        Bloomberg Business News  -  202 words
      • Article, Illustration
        1760 10 I iinl>\ mk iiluuxl <i*ain\i S'pmr'\ tup 14 /ratlin* purrnm. Base vtuu I9S< US$/S$ forward rates Noon July 1 s$ Bid Offer 1-month (.523} 1 5248 2-month 1 5227 1.5241 J-month 1.5221 I.52J6 6-monlh 1 5200 1.5220 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on June 30 Singapore
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      • 181 10 Bloomberg ENERGY REPORT LONDON Crude oil futures rose about 20 US cents a barrel yesterday as traders continued to worry about supply disruptions. Brent Blend crude oil futures for August settlement rose to a high of U5517.73 per barrel, while the comparable sweet crude
        181 words
      • 85 10 ADP NEW YORK The dollar moved slightly higher against major currencies in slack early trading in New York yesterday ahead of the US Independence Day holiday weekend. At 1350 GMT, the greenback was trading at 1.6000 marks from 1.5870 late Thursday. Against the yen, the dollar edged up
        ADP  -  85 words
    • COMMODITIES & FUTURES
      • 1410 11 SIMEX REPORT Reuter SINGAPORE Simcx Euroyen contracts trimmed sharp early gains in the afternoon session as the US dollar underwent a change of fortune on the foreign exchanges. The US dollar had plunged to new postWorld War II lows of 97.68 in morning Tokyo
        Reuter  -  1,410 words
      • Gold higher in HK on weak US$
        • 463 11 COMMODITY REPORTS Tin futures were quoted higher in nominal trading on the KI.C'E. despite the weaker close on the physical tin market. July. August and Sept were all quoted USS6S higher at U555,265, U555.285 and U555.305 per tonne respectively. Palm oil The Malaysian crude palm oil physical market eased further
          463 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 63 11 HAMBURG The German Coffee Association (DKV) expects a "quick and substantial" rise in retail coffee prices to follow the massive rise in prices in the London and New York markets caused by reports of frost damage in Brazil. DKV reiterated that low prices have
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        • 49 11 SYDNEY Australia expects its 1994-95 raw sugar shipping programme to benefit from problems with the Cuban sugar harvest. Prospects for disposal of this year's crop are good, with strong demand and production in Cuba expected to be below last vear's level of 3.6 million tonnes.
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        • 46 11 BRUSSELS The European Union grains management committee released 68.970 tonnes of barley from Spanish intervention stocks for export to Saudi Arabia. EU officials confirmed yesterday. Further bids to export 48.205 tonnes of German and Scottish barley to Saudi Arabia were rejected.
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        • 65 11 SYDNEY The Australian domestic spinning market is likely to lift its 1995 raw cotton consumption to more than 160.000 bales from 151.000 bales this year, according to industry estimates. The domestic spinning market has been steadily increasing over the past three years and in 1994
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        • 60 11 HONGKONG Copper prices at China's Shenzhen and Shanghai metal exchanges remain steady despite price fluctuations at the London Metal Exchange. Closing copper prices for July delivery in Shanghai were parked around 21.400 yuan per tonne (553.760) tor the June 27-30 period in Shanghai. The Shenzhen exchange
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    • 1571 11 Rubber Singapore Commodity Exchange (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 94 176.75 175.00 178 50 250 1600 Sep 172.25 171.25 172.75 250 2750 Oct 167.00 166 50 167.75 300 3300 Nov 167.00 166.50 167.75
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    • REGIONAL STOCK MARKETS
      • 1210 12 -23.3 SHARES closed sharply lower yesterday, taking their lead from a fall on Wall Street and continued weakness in domestic bonds, brokers said. The All Ordinaries Index closed at 1.965.8 points. 23.3 down on Thursday's finish. The All Industrials Index fell 29.0 to 2,899.4, while the All Resources Index
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      • 703 12 •51.85 Share prices declined 1.88 per cent yesterday, dragged down by blue chip Philippine Long Distance Telephone Co (PLDT) and weakness in other Asian markets over a possible rise in short-term US interest rates. The Philippine Stock Exchange Composite Index tumbled 51.85 points to settle at 2,694.51. It has
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      • 493 12 1.23 Share prices ended slightly higher yesterday on the Korean Stock Exchange after moving in a choppy, narrow range through the day, brokers said. The Composite Price Index rose 1.23 points to settle at 934.59 in slim trading with 34 million shares worth 590 billion won changing hand. Rises
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      • 316 12 -13.54 The share market finished a moderately traded session lower mostly due to trends in foreign bond and equity markets. The government's budget on Thursday had little impact and the focus next week is likely to remain on volatile world markets. The NZSE-40 Capital Index closed down 13.54
        316 words
      • 115 12 +60.82 Share prices ended higher on mild buying on the first day of the account in specified as well as cash shares. The BSE Index closed at a provisional 4,147.54, up 60.82 points. The National Index rose 24.92 to a provisional close of 1,962.80. Brokers said prices were also
        115 words
      • 465 12 Taipei Jun 30 IS TT- \oT VsiaCemeni 56 00 0 50 1505 All Sincere I n<i 70 until KM* hiiu hemical JI 30 <-0 10 886 China Wire A( able 52 50 unch 418 < athav Const r 55 50 »OJO 1752 hina Develop IU 00 -I 00 4495 Hi/en
        465 words
    • WORLD STOCK MARKETS
      • 690 12 Britannia Funds Strrliag Cash Bid Offer Mim Cap Deposit 38 6400 38 6500 Mim Jersev C.ik 0.189J 0 .1992 Mim Mat Income ****** *0 4400 I S$ Cash Income Plus Fund 9 *600 10 3900 PS Reserve Fund 5 2800 5 2900 Sterling Euro Performance 0.4542 0 4938 Far East
        690 words
      • 678 12 17.2 STOCKS rose from early losses after the strengthening dollar and a rise in UK government bonds helped ease inflation concerns. The FT-SE 100 rose 17.2 points to 2,936.4 after falling 27.1 on Thursday. Analysts said investors were looking beyond the weakness of the dollar and the potential for
        678 words
      • 166 12 -19.14 The main index closed at a 13-month low as new evidence of the US economy's vigour convinccd investors that US interest rates will rise. Fuelling the fall are worries that the French economy is making a weak recovery. "People are afraid of inflation. and the French recovery is
        166 words
      • 134 12 -23.66 Stocks tumbled as one of Scandinavia's largest investors said it would boycott Swedish government bonds. The OMX Index of 30 leading stocks dropped 23.66 points to close the day at 1,033.31, its lowest point since Dec I, 1993, when it hit 1.015.52. Two stocks rose, two were unchanged
        134 words
      • 166 12 10.44 German shares closed firmer yesterday in quiet trade before the long US weck- end. The market was supported by relative stability in bonds and dollar, although both had slid from earlier levels. The blue-chip DAX Index closed 10.44 points higher at 2035.78. Frankfurt Jul I DM Kt% 179
        166 words
      • 207 12 -8.32 Persistent lack of buying interest amid uncertainty of future market developments pushed Belgian shares to a lower close in dull trading on the first day of the new forward market account. Traders said they expected business to remain quiet in the coming weeks with shares expected to drift
        207 words
      • 178 12 +43 Shares resisted further falls and held relatively steady, buoyed by gains in other European bourses, traders said. Italy still lacks its own momentum, they added, and further direction is likely to depend on US markets and the rest of Europe. "The market showed some resilience, many were expecting
        178 words
      • 256 12 +0.98 The main Dutch stock index closed higher as investors welcomed reduced inflationary pressures in Germany and gains on Wall Street. A stronger dollar against the Dutch guilder also supported stocks in companies with sales in the US. The EOE Index of the 25 leading stocks closed 0.98 point
        256 words
      • 249 12 -11.68 Swiss shares ended lower with falls in the morning followed by consolidation in the afternoon. Dealers said volume was low and the continuing absence of non-professional participants kept the market lacklustre. Professionals did not wand to build up new positions ahead of the weekend, especially as Monday will
        249 words
      • 273 12 -28 South African shares were little changed in slow yesterday. "There's nothing going here," a dealer said. The Overall Index was unchanged at 5,403, the Industrial Index closed off 28 to 6,231 and the Gold Index was up 42 points to 2,129. Johannesburg Jui I Kind INDUSTRIALS A Alpha
        273 words
      • 265 12 -2.95 Stocks lost ground late and closed narrowly mixed as players took profits after this week's good performance. traders said. The market caught an updraft early on a good morning tone to the bond market and higher gold prices. But Canadian bonds closed weaker and gold ended with pared
        265 words
      • 733 12 17.16 The Dow Jones Industrial Average, which plunged 42.09 points on Thursday, was ahead 17.16 points to 3,642.12 at 11am EDT. The New York Stock Exchange Composite Index was ahead 0.89 to 246.05, while Standard Poors 500-stock Index was up 1.68 to 445.95. Advances topped declines 1,004-666 among
        733 words
    • Article, Illustration
      2957 13 Bloomberg Business News HONGKONG Stock prices dropped on fears that interest rates will rise and that the US dollar's fall will undermine the value of Hongkong investments for foreigners who use other currencies. The Hang Seng Index ended the day down 124.04 points at 8,634.37. Turnover was a light
      Bloomberg Business News; Source: Bridge Info  -  2,957 words
    • Article, Illustration
      540 13 CLSA THE Shanghai B market edged up 0.97 to 765.83 points on a low turnover of US$l.4 million. Diesel Engine and Steel Tube accounted for 49 per cent of total turnover. Jinqiao was suspended after its rights issue announcement. The Shenzhen B market was also very quiet as the
      CLSA  -  540 words
    • Article, Illustration
      2521 13 Reuter TOKYO Stocks ended moderately weaker but some losses were erased as sentiment was encouraged by the dollar's rebound in the afternoon. Arbitragelinked selling hit prices in morning trade but buying on dips constantly emerged as the underlying tone remained strong. "Investors who previously didn't buy are now purchasing,"
      Reuter; Source: Bridge Info  -  2,521 words
    • Article, Illustration
      1146 13 Reuter JAKARTA Share prices closcd mixed in dull trade but brokers said local speculative buying at the end of the second session helped to give some resistance after consecutive fails in the last five weeks. The Official Index closcd 1.44 points higher at 458.74. "The support resulted from the
      Reuter; Source: Bridge Info  -  1,146 words
    • 2495 14 Mm Hyd 50c 3.273.000 Proroct 2.988.000 Mulpha Inll 50c 2.867.000 CASH 50c 1.667.000 Kamunting 50c 1.634.000 Rcnong Bhd 50c 1,511,000 Landmark) Bhd 1,362.000 FACB 50c 1.327.000 Falser Group 1,259.000 Lien Hoc TSR97 1.235.000 Mukt-Purposc 1.167.000 Genting Inl USS 882.000 AMDB 50c 770.000 Idns Hyd 50c 8.728.630 CASH 50c
      2,495 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 6074 14 Bloomberg Business News KUALA LUMPUR Malaysian stocks closed little changed as investors waited to see whether the Federal Reserve Board will announce an interest rate rise next week. But some analysts said investors are reacting excessively to the prospect that the
        Bloomberg Business News; Source: Bridge Info  -  6,074 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7722 15 MAIN BOARD Transaction date: July I C* Or M Wi 1994 Im Vol Da; LmQmM Div Db VH IM Cap At High low l MMaa, Sale C888) High Low Bayer Seller Of P/E Vail Price INDUSTRIAL AND COMMERCIAL 1440 835 I s Aetna 960 -5 19 965 95) 9)0 %0
        7,722 words
      • 1864 16  -  By R Sivanithy SINGAPORE A poor overnight performance on Wall Street again took a toll on prices here, although sharp early losses were reversed by bargain hunting in late trading. In slow trading, the Straits Times Industrials Index fell as low as
        Charts by Bridge Info; Source: Bloomberg  -  1,864 words
  • Page 6 Advertisements
    • 181 6 NEWS VALUE How today 's news might affect your stoiks Alan Yeo wins court battle to wind up YHS Holdings (pg I) Alan Yeo can probably count on Ng Teng Fong for support, in which ease share price likely to hold at current levels. US asks Japan, Germany to cut
      181 words

  • Page 7 Advertisements
    • 1228 7 The Board of Directors announces the unaudited results of the Group and the Company for the year ended 31 March 1994. 1994 (I'OOO) 1993 (I'OOO) lacraasa/(Dacraasa) Oraap (•■p«ay Oraap Oraap Caapaay 1 a Turnover 33,094 809 58,206 U65 (43) (TTj b Investment income 234 c. Other income including interest income
      1,228 words


  • Page 9 Advertisements
    • 1458 9 The Board ol Directors of Sincere Watch Limited is pleased to announce the unaudited results ot the Group and the Company Due to the change in financial year end of the Group from October 1993 to March 1994, the results of the current financial period comprise 12 months to 31
      1,458 words


  • Page 11 Advertisements
    • 91 11 TOPS IN HOME DELIVERY... Find more listings on homes, apartments and condos! TOPS IN WHEELS... New and used cars, trucks and vans. TOPS IN J085... Employment listings in every field! TOPS IN EVERYTHING ELSE... Merchandise, sen/ices, holidays, course training and much more! The Straits Times Classified delivers! Looking to find
      91 words
    • 43 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. ■■SRVSw ■tIHISUB I IEKII i|99B9i9i llj^Hfll I Call I to place I o quick~ c.a tsi I acting ad. 7J7-««*« l_ 1 i
      43 words

  • Page 12 Advertisements
    • 71 12 The Taiwan stock market was closed yesterday. BYY* ,HP fXsiNGAPontf np fv rr ri usinessDmes Business Times Busmessflmes Business Times BusmessTimes wnnr«M Subscribe now and have your personal copy delivered to your doorstep. Name' A opMail or fax this form to: Address* Customer Relations Section Circulation Department Singapore Press Holdings
      71 words

  • Page 13 Advertisements
    • 67 13 NEED A SERVICE I FIND IT IN THE SIMS TIMES CLOTIED Let your fingers walk to the service professionals listed in our service directory of The Straits Times cats Classified. 737-***** The Bangkok stock market was closed for a holiday. HIGH STAKES Don t Set shortchanged, go for a coverage
      67 words


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  • Page 16 Advertisements
    • 18 16 NOTICES PLAY SMART Be part of the good life. Lifestyle. Everyday. SINOAPORE m Business Times WE KNOW ASIA
      18 words
    • 413 16 IN THE MATTER OF THE COMPANIES ACT. CAP. JO AND IN THE MATTER OF HO KJIEE YONC A SONS (PTE) LTD (la Vol usury Liquidation) MEMBERS' VOLUNTARY WINDING UP Al u Extraordinary General Meeting of ike members of tkc abovcnnmed Compaay duly convened aad held on the 30th day of
      413 words

  • Executive Lifestyle
    • 1899 17  -  S N Vasuki meets Michael Dobbs-Higginson, a corporate chieftain with a remarkably colourful past S N Vasuki THERE is an old story, perhaps apocryphal,- that Jimmy Carter once arrived late for a meeting at the White House. Reason: he ran into Alex Haley, and
      1,899 words
    • STRAWS IN THE WIND
      • 66 17 TALK about manpower problems. One diner got very annoyed with an incompetent and ill-mannered waiter at a restaurant and was about to give him a good telling-off when the manager intervened. He apologised profusely and implored the diner not to scold him. "Scold me instead," the
        66 words
      • 37 17 ONE World Cup fan was explaining to an American woman why she was feeling so groggy: "I stayed up to watch Brazil." To which the American woman replied: "Oh, I just love that movie!"
        37 words
      • 35 17 DAVID Letterman on the World Cup: "I'm really starting to get caught up in the World Cup. 1 just imagine millions of people watching all those games, yawning in a hundred different languages."
        35 words
      • 34 17 THE competition in the airline industry may be getting out of hand. One stewardess was heard asking a passenger just before lunch: "Do you want a Western male or an Oriental male?"
        34 words
    • OPINIONS
      • 900 18  -  Maggie Ford says Jakarta's efforts to introduce proper management and controls will ensure a more vibrant, stable and competitive Indonesia Maggie Ford The writer is BT's Jakarta Correspondent IT IS gradually becoming clear, to the astonishment of many and the continuing disbelief
        900 words
      • 321 18  -  LETTERS TO THE EDITOR Yu Chun Ding Press Officer Monetary Authority of Singapore WE REFER to your Hock Lock Sicw column, "Time to change the 'rich man's rule in the circulation of research reports" (BT, June 23). The article claims that Section 51
        321 words
      • 352 18  -  Peter Chia Public Affairs Manager Stock Exchange of Singapore WE REFER to the article by Vikram Khanna based on a speech by Dr Ngiam Kee Jin at the sth Annual East Asian Seminar on Economics (BT, June 18-19). He was reported to have said, among
        352 words
      • 534 18  -  Soh Gim Chuan I REFER to your article, "A case of lawyers versus public?" (81, June 23). The article gives the impression that lawyers are making big money sleepwalking. This is not so. Firstly, the assertion that lawyers' fees amount to about one
        534 words
      • 961 18  -  Neville Stack says the archaic idea of a hereditary monarchy needs updating to make it relevant to modern times Neville Stack the writer is a political commentator based in London. He writes regularly for B T PRINCE CHARLES has just made his debut as a television
        961 words
    • CORPORATE PROFILE
      • 2239 19  -  Asia's corporate giants A fortnightly series Toyota, Japan's largest automobile manufacturer, has survived a savage recession, weak overseas markets and a rising yen. Now the auto giant is taking a great leap outward. What strategy is it adopting, and what challenges lie ahead? S N
        2,239 words
      • 865 19 AKIRA Yokoi has spent his entire career at the international operations of Toyota Motor Corporation. More to the point, in its Asia division, once regarded as a sleepy backwater of the Japanese automobile giant. As a rookie officer, the chainsmoking, soA-spoken Mr Yokoi was in Thailand and
        865 words
    • REVIEWS
      • 554 22  -  riMMliw By SUSAN TSANG ONE TENDS to think of Burmese art as mainly religious and threedimensional carvings of Buddhas, perhaps. An exhibition this weekend dispels these misconceptions. The exhibition showcases the works of Min Wae Aung, Zaw Zaw Aung and MT Oung, with pieces
        554 words
      • 778 22  -  Book Review By CHUANG PECK MING The Agenda By Bob Woodward Simon and Schnster $33.95, 352 pages THE AGENDA offers a blow-by-blow account of the making of President Bill Clinton's economic plan in his first year in office. It was a process that saw him ditching his
        778 words
    • SOCIETY
      • 983 23  -  Jay Khosla decries the kind of entrepreneurship that turns personal traumas into public entertainment Jay Khosla WHAT will they call it then? Citizen Cantf Butt-wiser? Or maybe Moonstruck IP The Michael Fay story, it seems, is destined to make it to some screen somewhere, eventually.
        983 words
    • TIME OFF
      • 115 25 The bi-annual event this year promises to be bigger, better, faster and more than previous festivals with over a hundred groups and solo artistes performing. Till tomorrow. Counter sales for all ticketed shows are on at all TicketCharge outlets. Call 296-2929. MOTE: all shows start at Bpm.
        115 words
      • 282 25 Smike The Stage Club presents this musical about a group of schoolchildren who go back in time into a Dickensian world, a la Nicholas Nickleby. Today, 3pm and 7.30pm at the Drama Centre. Tickets from $10 to $15. For more details call 255-1 IS I. Visiting the Relatives In
        282 words
      • 283 25 Musk at Mac's No, not Mac Donald's but Macßitchie! The Bedok Town Secondary School Band will perform show tunes, pop tunes and other band tunes for your pleasure, while you enjoy the ambience of the natural acoustics. Tomorrow. spm at the Macßitchie Reservoir Park, off Lornie Road The Piano
        283 words
      • 120 25 The Great American Adventure Experience the wonders of the US through three filmlets. Show times: Hidden Hawaii, Ham. 2pm ami 7pm; Niagara Miracles. Myths atul Magic. 12pm. 4pm and Bpm; Grand Canyon The Hidden Secrets. Ipm and spm. At the Singapore Science Centre's Omni Theatre. Chinese shows: I lam.
        120 words
      • Article, Illustration
        752 25 Swatch Street Painting No. people don't go decorating the roads in an explosion of colour. Instead. 30 students from LaSalle. NAFA and Temasek Polytechnic will paint their interpretation of the theme Spirit of Our Times on canvas. Judges will select 10 paintings for the upcoming Swatch Emotion exhibition later
        752 words
      • 181 25 Steps to Independence Psychologist Jade Teo will present this talk on how children with special needs can learn to feed, dress and basically do the necessaries without super\ ision. today. 3pm at the Sational Council of StKial Services HtuUlnix Auditorium Fee: $I(K payable at tin Call Joan Yco lor
        181 words
      • 455 25 Car Care Workshop C'astrol is organising this workshop that deals primarily on how to get the best out of your vehicle, how to look after and maintain its performance. July 6. IJ and 20. at the C/umg I'am: Community Club in YisJiun. Attendance is free but s/xiee is limited
        455 words
      • 426 25 Tri-Art lliin exhibition features paintings by C'hor Mm Ling, katherine Phua anil Bi>o S/e Yang three Nafa graduates who are now practising their craft as art teachers. I ill July 5. I him to 9pm daily at the Gallery Painting for Beginners Basic practical course on semi-and-purc
        426 words
      • 128 25  -  Compiled by Christopher Toh Si stic outlets are at Forum Galleria. Liang Court. Raffles City, Scotts. Spec ialists Centre. Takashimaya. Cold Storage at Jelita. Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 34H-5555. Ticket Charge outlets are at Metro stores. 11 ism a Atria. Centrepoint and
        128 words
    • PEOPLE
      • 277 25 LAST month. US-based General Electric Company brought together the GE family, clients and business associates at the official opening of its new 13storey building at Tanjong Pagar Road. Called GE Tower, it will be the operational headquarters of eight of Gli's businesses in South-east
        Photos bv Arthur Lee  -  277 words
    • EPICURE
      • 522 26  -  Bon Appetit By CORINNE KERK NOT EVERYONE is a fan of country and western singer Kenny Rogers, and even fewer know that there is a restaurant bearing his name. Called Kenny Rogers Roasters, the name conjures up all sorts of funny images and you can hardly blame people
        522 words
      • 659 26  -  By JAIME EE THERE is very little about Izumi Restaurant that distinguishes it from other Japanese restaurants in Singapore, except that it's very new in town and uses giant clams as a window display. Located in Boat Quay, the two-month-old restaurant takes up all three levels of
        Photo by Arthur Lee  -  659 words
      • 774 26  -  Wine By N K YONG ON JUNE 16, a magnificent private cellar was auctioned by Christie's of London. It was a sale that attracted tremendous attention, not only of wine collectors and aficionados but of the media (a pre-sale press mention appeared in the International Herald
        774 words
    • Article, Illustration
      1011 28 Airborne. Teen movie about rollerblading in Cincinnati. Yishun: 4.50: 12.05. Against The Wall. Re-enactment of the events that led to riots in Attica prison in 1971. R(A). Midnight tonight at Lido. Prince. President. Oriental. 5pm tomorrow at l.ido. Oriental. Autumn Moon. Japanese tourist finds warmth and authentic Hongkong cuisine
      1,011 words
  • Page 17 Advertisements
    • 120 17 mmmm H 90 CALL, TOLL-FREE jjM aaas-asa osaa HONG LEONQ FINANCE k {JESS-BBS BBSS W BINQAPORE FINANCE REVERSO. Avant-garde since 1931. HHHHV VASfIHH THE LECEND LIVES ON IN REVERSO Our master- WATCHMAKERS never ON THEIR LAURELS. NEITHER ON OUR OVER 150-YEAR TRADITION OF MAK- \N J j INC THE 0»
      120 words

  • Page 18 Advertisements
    • 40 18 s. BT welcomes r J letters from you. S k Please address them r r to: The Editor, S Business Times, r r 390 Kim Seng Rd, j j S'pore 0923. Letters f L should include your J contact numbers.
      40 words
    • 25 18 stakes Don't get shortchanged, 1 Y go for a coverage J you can bank on. Financial News. Everyday. SINGAPORE rTI Business Times WE KNOW ASIA
      25 words
  • Page 18 Miscellaneous
    • 70 18 1 1 (uau&N w R0me....) eassociatcoNmwewin, itu-tM. 9Sio DOONESBURY GARRY TRUDEAU MR CAVENPfSH, ARE YOU NO, I NEVER ZZZ UJANTTDSEE AMARE OFANYRECENT FOUOWTHE JMMIS I JOURNALS' THAT'S \A, YEAH. NEWS REPORTS CONCERN- NEWS.IDON7 a£T I ALL I CARE ABOOT-M I CMY ING TUB TO&ACCQ (NPfJSTPY REAP THE PAPERS, THOSE I
      70 words


  • PERSONAL FINANCE & INVESTMENT
    • BULLS EYE
      • 56 20 Those polled on their views of the Singapore stock market for the week ahead: Raring Securities, Crosby Securities. DBS Asset Management, Nomura Securities. OCBC Investment Research. Ong Co. Peregrine Securities. Phillip Securities. Schroder Securities. Smith New Court, iat Lee Securities. UOB Securities and W I
        56 words
      • 265 20 Nomura Research Institute. Singapore (July I) GF Batteries. Exposure to greenback-denominated sales and yen-based inputs. We have pulled back our pre-tax profit forecast from $24 million to $22 million in view of the impact of the weaker Ss/US$ translation rate and slimmer margins. Despite the mixed trend in the
        265 words
      • 103 20 OCBC Investment Research (July I) Kim Eng Group. We are projecting a drop of 14.6 per cent in group earnings for FY9S to $65 million. With an EPS of 26.2 cents, the shares are currently trading at a prospective FY9S PE of 10.8 x. We expect the proposed
        103 words
      • 135 20 DBS Securities Hongkong The Shanghai 'B' Index (SBI) has adjusted 28 per cent from a year high of 104.7 and is now trading at an undemanding PE of 14x. comparable to the Hang Seng's 13.2. The recent recovery of the SBI to 75.12 from a
        Source: Bridge Info  -  135 words
      • 239 20  -  Wilson Lim Senior economist Banque Indosuez, Singapore T 'ke the US dollar I this past week, the 1 J ringgit seems to defy market fundamentals. Most traders have been expecting it to firm to 2.55. At the same time. Bank Negara probably seeks a firmer ringgit due
        239 words
    • 1570 20  - Investing in equities the knife cuts both ways R Sivanithy picks out the best and the worst performers on the main board, Sesdaq and Clob over the last six months R Sivanithy U~W" "W" IGH risk and high return" I I is a comJL. mon refrain in the investment world.
      1,570 words
    • 675 20  -  Spotlight currency By Paul Leo A CONTRARIAN said that when the masses started moving in one direction, the market is about to turn and the current ailing US dollar is a good example. In January, when the US dollar was around its
      Source: Bridge Info  -  675 words
    • 932 21  -  A study of the French tender system points to the best time to dump or buy IPO shares. Agnes Chen reports Agnes Chen An investor bidding for initial public ottering (IPO) shares is caught in the classic "prisoner's dilemma" in trying
      932 words
    • 1148 21  -  By R Sivanithy EVER since Sesdaq was set up in February 1987, market observers have been complaining that the number of electronics and computer peripheral makers listed on the second board is unhealthily high and that companies from other industries were under-represented.
      1,148 words
    • 516 21  -  BT Golf Index By Shahiron Shahari THE BT Golf Index remained steady in June, falling just 0.66 points from the previous month. This 0.3 per cent dip. however. from 233.19 to 232.53. means the index is still at its lowest-ever level since
      516 words
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  • Page 22 Advertisements
    • 23 22 op«n tuasday tunday Bpm 3am affiliated with velvet underground london soaafc oh* w*fv*« yiid*rgroHHd IT Jiak kim ttrMt sln««pora 0316 tatophon* 738 MM
      23 words

  • Page 23 Advertisements
    • 228 23 Tiof iee Bank has a host of corporate banking services ranging from iwmSm |y«y DAMI/ trade and pro[ect financing packages to investment schemes to help lULi J l/\l LCt DANix your business grow. See a Tat Lee Banker today or call for more details. *|jS V J| "Go play some
      228 words

  • SPORTS
    • 871 24 World Cup finals AFP LOS ANGELES European sides, criticised by Fifa president Joao Havelange for their sterile football, supply 10 of the last 16 teams in the World Cup. Havelange thought that by offering three points for a win, banning the back-pass to goalkeepers and outlawing
      AFP  -  871 words
    • 466 24 AFP DALLAS An angry Diego Maradona came out of seclusion here on Thursday night to answer charges that he had taken performance enhancing drugs. "I never took any substance that has drugs in it," said the 33-year-old who earlier in the day
      AFP; Reuter  -  466 words
    • 475 24  -  By George Vecsey NYT NEW YORK There are there were 528 players in the World Cup. If you had taken a poll about which player would bring scandal, controversy, dishonour or just plain grubbiness to the World Cup, Diego Armando Maradona would have
      NYT  -  475 words
    • 493 24 Wimbledon AP, AFP WIMBLEDON Defending champion Pete Sampras lost his first set of the tournament but still powered his way into the Wimbledon final yesterday by outplaying Todd Martin in four sets. Sampras moved into his sixth Grand Slam final with a 6-4, 6-4,
      AP,; AFP  -  493 words
    • 491 24 Reuter WIMBLEDON Sentimental favourite Martina Navratilova will take nothing for granted when she meets dark horse Conchita Martinez, 15 years her junior, in the Wimbledon women's final today (tonight Singapore time). The nine-times champion, who plans to retire in triumph
      Reuter  -  491 words
    • SPORT SHORTS
      • Article, Illustration
        345 24 AFP AP AP KUALA LUMPUR A Malaysian was stabbed with a pair of scissors by his cousin following a quarrel over which World Cup match to watch on television, a newspaper reported yesterday. The two argued over whether to watch Morocco versus Holland or Belgium vs Saudi Arabia
        AFP; AP  -  345 words
      • Article, Illustration
        59 24 NEW YORK Major League Thursday American: Minnesota 6 Texas 4; Milwaukee 9 Toronto 2; Boston 6 NY 5; Cleveland 4 Baltimore 2; Chicago 3 Kansas City 2. National: Florida 3 Atlanta 8; Pittsburgh 6 Cincinnati 4; Houston 5 Chicago 3; St Louis 9 Colorado 7; LA 4 Philadelphia 3;
        59 words
      • Article, Illustration
        118 24 AP CHICAGO The Chicago Bulls will pay tribute to Michael Jordan by retiring his number 23 and unveiling a bronze statue of him during a ceremony Nov I at the United Centre. The statue will be permanently displayed, and the number will be hung from the rafters. Jordan never
        AP  -  118 words
      • Article, Illustration
        201 24 AFP CHICAGO Phil Mickelson. who broke his leg and ankle in a skiing accident and missed three months of the PGA season, fired a six-under par 66 to share the firstday lead at the Western Open. Also among the leaders in the US$l.2 million (SSI.B million) event are Bill
        AFP  -  201 words
      • Article, Illustration
        120 24 Reuter AUCKLAND, New Zealand After a disappointing home season and an upset loss to Canada. France have a chance tomorrow to capture one of the great prizes in rugby a series win on Kiwi soil. Confronting them is an All Black pack seeking to avenge last Sunday's 22-8 shock
        Reuter  -  120 words
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  • Page 26 Advertisements
    • 247 26 Whither prices? prices doubled over the^ Office space: The worst is over I Frank Tsao: Tycoon with a mission Why companies need a green audit Derivatives: The hard sell is on House Hunt: Private property prices Get your copy of this month's Singapore Business I I from your nearest newsstand
      247 words

  • Page 27 Advertisements
    • 382 27 frsyffl Nothing Boats A Bud.HlSa) where to wine, dine and entertain "WO OF BKKR^^ FRESH! .PASTA DAI LY. F From Pasta Fresca. The only restaurant to make its own specialty pasta. Fresh, everyday. Savour perfect pizza, great jMU^ gelati and terrific tiramisu. All topped with Italian hospitality. Potto Fhko Do
      382 words
    • 356 27 Qea ff starts at Jfiiqfa Qtoon Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13.80 (adult) $8.80 (child) A La Carte Menu is also available. AH prices .in- submit to 10* wnriwdurKr. H»'\vrnment Li\ mi V~ C.ST For reservations, please call: 737
      356 words
    • 279 27 Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. sl^°(adu,t) s.OO (child) Karaoke Hi-Tea *$19.00 (adult) I *$14.00 (child) W Subject to 10%
      279 words
    • 372 27 11/iioiaglio Enougk. Enougkc 'Enough is enough. 35 appetisers, 20 desserts pCus 4 main courses. 'When our guests start on the appetiser spread at our monthly international Cunch Buffet, they never finish. In fact, they always end up conceding that they ve had more than enough. Come try it to Believe.
      372 words

  • Page 28 Miscellaneous
    • 2627 28 TODAY'S TV ow to 800 Morning News<M). how to 7.00 Berita Tempatan. goo Perarakan Maal Hijrah. All My Sons, 2pm, SBC 5 Dead Men's Tales, 5.30pm, 6.30 Great Vegetarian Dishes. 10.00 Good Morning Malaysia Chris knows thai his brother SBC 12 7.W in Franc. (See Our 1 11.00 Ketab Kanak
      2,627 words