The Business Times, 24 September 1994

Microfilm: NL19581
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    15 1 SINGAPORE BusinessTimes MITA(P) 010/12/93 Weekend Edition. September 24-25 1994 M li KNOW ASIA 75 c
    15 words
  • Article
    M'sian banks can now give more share-backed loans
    567 1  -  By Amy Balan SINGAPORE Malaysia's central bank, in a move that will add fuel to a stock market increasingly given to rumours, has allowed the country's banks to extend more loans backed by shares. But in a development that could release some
    567 words
  • Article
    S'pore stocks end firmer despite rate fears
    196 1 SINGAPORE Investors here yesterday shrugged off US interest rate worries that haunted other stoek markets, leading the Straits Times Industrials Index to close the week above its 2,3(H) resistance level. In active trading focused mainly on Malaysian speculatives, the Straits Times Industrials Index
    196 words
  • Article
    Lock icon Seven replacements named for Hang Seng Index
    306 1 Bloomberg Business News HONGKONG Seven companies were named yesterday to join the .U-member Hang Seng Index of top Hongkong shares, replacing the live Jardine Matheson group companies delisting from the territory's exchange ami two other stocks that are being removed from the index.
    Bloomberg Business News  -  306 words
  • 2am LATEST
    • Article
      Lock icon Dow down 8 pts on weak bond market, rate fears
      81 1 Reuter NEW YORK Wall Street stocks lost ground yesterday under pressure from a weak bond market and concern about interest rates ahead of Tuesday's meeting of the Federal Reserve's policy-setting Federal Open Market Committee. At Ipm EDT on the New
      Reuter  -  81 words
    • Article
      Lock icon Gold prices Hit US$400 level
      47 1 Reuter NEW YORK Gold prices surged yesterday, climbing to the magic US$4OO (*****) an ounce level for the first time since August 1993, as concern that the US is vulnerable to inflation pressure touched off a surge of demand for the metal.
      Reuter  -  47 words
    • Article
      Lock icon VW's finance chief under pressure to quit
      78 1 Reuter BONN Volkswagen AG, Europe's largest car maker, yesterday refused to comment on media reports that it would sack its finance chief, Werner Schmidt, but industry analysts said his days seemed to be numbered. Speculation that Mr Schmidt would leave the German car
      Reuter  -  78 words
  • Article
    SES, Simex surprise with plans to move to new complex
    635 1  -  By Quak Hiang Whai SINGAPORE The Stock Exchange of Singapore and the Singapore International Monetary Exchange surprised the market yesterday by announcing plans to move to a new office complex to be developed by United Overseas Bank Group and Singapore
    635 words
  • Article
    MARKET SUMMARY
    163 1 Stock market indices Friday Change STII 2,302.05 +15.96 KLSEComp 1,170.32 -9.56 Nikkei closed Hang Seng 9,632.47. -35.67 SET Index 1,506.06 +25.37 Jakarta Comp 512.57 -0.59 CLSA China B ....1,211.72 -18.51 Aust All Ord 2.027.7 -0.5 FTSE 100 3,028.2 +7.0 Friday Previous 2 pm Dow Jones 3,828.72 3,837.13 Average
    163 words
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      Page 1 Advertisements Column 1
      66 1 Lifestyle Cover Story: fl i Couch shopping catching on J*tk J 1 > A J *1 B»c! Rut' 1 '#> 1 lifct^Sß w?^iyp?^ Singapore Telecom presents... < .-iiSSSBRSgjp* ■;.,,>, 4<t tfU -fW| afc^ m T, ,v. MT~ s^»spyaw^ r v.. .;•->? ;».yre nr* 1 JUST in ease Singapore Telecom rented
      66 words
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      14 1 Stocks: el 5 KLSE: bull or bear? KL companies clear the air, Pg 6
      14 words
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      Page 1 Advertisements Column 3
      3 1 lillllllllll 8" *****1"*****2
      3 words
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      Page 1 Advertisements Column 4
      166 1 JBSHI^SiI^HBS Hock Lock Siew: Pg 6 Don't dump Faber y The Raffles Conversation: EL 3 Simex and IPE close to agreement on Brent crude trading, Pg 9 Of lasting value served in the creation of a unicessitates 162 skilful operations and is carved out single Bonbonni&re-shaped watch of the French
      166 words
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      Page 1 Advertisements Column 5
      40 1 COHTtWtt, 1 N«WS CIW>MIH Spot* News 2 S'poreH'so i.li Regional News 3.4 Franco! 9.10 Wort) News 4.5 Futures Wsrkvts Opnore 02 Oab/KSL. SES 14-16 f JE14.5 12 Reviews 116.7 *torid 12 Sports a 8 Currencies —•—lO TV/Radn Ql2 Sma/Camm —11
      40 words
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  • SINGAPORE NEWS
    • Article
      Excess plants, inefficiency plague China's electronics industry
      293 2  -  By Claire Leow CHINA had to overcome two problems if it was to restructure its electronics industry along market lines, a senior official said yesterday. First, it had too many factories and too many of these were out of date. And second, inefficient
      293 words
    • Article, Illustration
      Boon Heng on why women earn less than men
      472 2  -  He also discusses issue of discrimination, well-being of society By Ven Sreenivasan WOMEN here earn less than men because they have less working experience, union chief Lim Boon Heng said yesterday. "If we want to redress the wage gap between men
      472 words
    • Article
      EDB mission wooing professionals in India
      172 2 A WEEK after a recruitment team set oft" for Australia, the Economic Development Board yesterday despatched a similar mission to India. The board said it was extending its search for international talent to India for the second time this year to seek professionals and
      172 words
    • Article
      Local trio sign pacts for projects in India
      130 2 THREE Singapore companies yesterday signed preliminary agreements with the West Bengal Electronics Industry Development Corp on projects to produce an array of products. All the projects will be located in the Salt Lake Electronics Complex, a sprawling ex-port-oriented electronics facility outside the
      130 words
    • Article, Illustration
      Dutch drug trafficker hanged
      362 2 A DUTCH businessman convicted of drug trafficking was hanged early yesterday at Changi Prison. Johannes van Damme, 59, was arrested at Changi Airport on Sep 27, 1991, after 4.3 kg of heroin was found in his suitcase. He was travelling from Phuket, Thailand, to Lagos, Nigeria.
      362 words
    • Article
      Japan's Mitsubishi Kasei may make disk drives in S'pore: report
      349 2 MITSUBISHI Kasei Corp has become the first Japanese company to name Singapore as a possible site for disk drive manufacturing just as American giant IBM said yesterday it was starting similar operations here. Mitsubishi Kasei also named Malaysia and Indonesia
      349 words
    • Article, Illustration
      IBM to start producing disk drives in Singapore early next year
      495 2  -  By Claire Leow IBM Corp expects to start pilot production early next year at its Singapore disk drive plant, the company said yesterday. The new Singapore outfit will carry out final assembly and tests for workstation and 3.5-inch drives
      495 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      69 2 11 00AM THURSDAY. 29TH SEPTEMBER. 1994. 31 ST FLOOR. ALLENDALE SQUARE. 77 ST GEORGE'S TERRACE. PERTH HAVE THE AUSTRALIAN GOVERNMENT HELP PAY OFF YOUR INVESTMENT 13 LEILA STREET, CANNINGTON, PERTH, WESTERN AUSTRALIA Secure 7.5 year lease to Commonwealth of Australia. Gross income $373,173 per year. Significant depreciation allowances. Located in
      69 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      333 2 Singapore: iecerat'y 1 r aCe"Xxx T e°ipe'a:j r e 25 32 Ml/la* CmL Canp* tmL tt*noa*»« 20/j' AucMard 15/09 Cloud, Amsterdan 14/12 212 X. Ooudv Barß.o* SI/27 TSlorm Athens 27/17 Oou<»)r HonakAj 7™* Baryu* Berw 15/07 Showers Houston 32/16 Sunny tonS 'iZ 16/09 Showers Las Vets 34/17 Sunn, Bombay 31/25
      333 words
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  • THE REGION
    • Article
      Indonesia supports EPG proposal on Apec free trade
      584 3  -  26th Asean Economic Ministers Meeting Reports from Yang Razali Kassim in CHIANGMAI INDONESIA, which will host the second Asia-Pacific Economic Cooperation (Apec) leaders summit in November, said yesterday that it was comfortable with free trade in the Apec region as proposed by
      584 words
    • Article, Illustration
      Lock icon A break from economics
      47 3 Reuter CHIANGMAI Malaysian Minister of International Trade and Industry Rafidah Aziz (right) looking at a hilltribc woman s cloth products before attending a reception dinner at a cultural centre here on Thursday. The minister is here for the Asean Economic Ministers meeting. Reuter
      Reuter  -  47 words
    • Article
      Asean ministers to push for break-up of advisory group
      482 3 CHIANGMAI Asean economic ministers agreed yesterday to recommend to their leaders that the Eminent Persons Group of key advisers to Apec be disbanded. The ministers said the EPG had done its job and that its recommendations would be taken as a
      482 words
    • Article
      Improve infrastructure to support free trade, say ministers
      418 3 CHIANGMAI Hot on the heels of a fresh resolve to make Afta work, Asean economic ministers are now focusing on cooperation in the building of infrastructure and between private-sector groups. They said yesterday that if the development of an Asean Free Trade
      418 words
    • Article
      Lock icon NYSE chief upbeat on investing in China
      305 3 AP NEW YORK William H Donaldson, chairman of the New York Stock Exchange, offered an upbeat but sober evaluation on Thursday of US investor prospects for profits by investing in the booming Chinese economy. "I see tremendous opportunities, and I see dangers," said
      AP  -  305 words
    • Article, Illustration
      Lock icon Environmental groups win court approval to sue Suharto
      530 3 Reuter JAKARTA Environmental groups won unexpected court approval yesterday to sue President Suharto for diverting US$lB5 million (***** million) intended for rainforest preservation to a controversial state-owned aircraft maker. Administrative court Judge Benjamin Mangkoedilaga told lawyers representing the 11 groups at a
      Reuter  -  530 words
    • Article
      Lock icon Malaysia's opposition parties expect general election soon
      532 3 Reuter KUALA LUMPUR Malaysian Prime Minister Mahathir Mohamad is expected to call for a snap national election soon to secure another fiveyear term, opposition members said yesterday. Tengku Razaleigh Hamzah, president of the Melayu Semangat 46 (Spirit of '46 Malays) party, said he
      Reuter  -  532 words
    • Article
      Lock icon Asean wants a seat with the Big Five at UN
      229 3 Reuter MANILA The Association of South-east Asian Nations should be given a permanent seat on the United Nations Security Council to reflect the region's increasing importance. Asean parliamentarians said yesterday. Tan Soo Khoon, Speaker of the Singapore parliament, told a
      Reuter  -  229 words
    • Article
      Lock icon China opening chemical sector wider to foreigners
      311 3 AFP BEIJING China is to open its chemical sector wider to foreigners in a bid to attract US$lO billion (S$ 14.76 billion) of overseas funds by 2000. Xinhua news agency quoted industry sources as saying. Under a new policy now under consideration, shares
      AFP  -  311 words
    • NOTEBOOK
      • Article
        Lock icon Hanoi drafts laws on foreign firms
        118 3 AFP HANOI The Ministry of Trade has finalised draft regulations for new legislation on the establishment and operation of foreign companies' branch offices in Vietnam, reports said yesterday. This document is expected to be promulgated by the government next month, the Vietnam News Agency
        AFP  -  118 words
      • Article, Illustration
        Lock icon Mount Pinatubo spews mud, 18 killed
        59 3 AFP BACOLOR, Philippines Residents evacuating their town here after it was submerged by a 100-foot wave of volcanic mud from Mount Pinatubo yesterday. Residents reported being awakened by a thunderous sound as the wall of steering mud and debris from the nearby volcano swept
        AFP  -  59 words
      • Article
        Lock icon Al Arqam followers drop lawsuit
        84 3 Reuter KUALA LUMPUR Followers of Malaysia's outlawed Al Arqam Islamic sect have dropped a lawsuit against a government official who claimed it trained suicide warriors, the state news agency lie mam a reported yesterday. Ahmad Baei Jaafar and two other sect members filed the suit
        Reuter  -  84 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      70 3 Doing business in VIETNAM, your documentation will not be complete without the Vietnamese translation. TU-HUY TRANSVIET SERVICES provides multi-lingual legal, technical and general translation services. English translators qualified at Ijevel 111 by the Australian National Authority for Translators and Interpreters (NAATI). German and French translations by graduates with over 20
      70 words
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  • REGION/WORLD
    • Article
      Lock icon Japan, US move closer to resolving trade disputes
      502 4 Bloomberg Business News Reuter WASHINGTON Japanese Foreign Minister Yohei Kono will meet again today with US Trade Representative Mickey Kantor amid signs that their two governments are moving closer to resolving some of their trade disputes. After meeting with Mr Kantor yesterday
      Bloomberg Business News; Reuter  -  502 words
    • Article
      Lock icon US firm upset at threats against Japan
      339 4 AP LOS ANGELES The threat of trade sanctions against the Japanese brings groans from Mike Dryden, an executive at one US company that has broken into Japan's markets. Mr Dryden is vice-president of international business development at Superior Industries International Inc, which sells
      AP  -  339 words
    • Article, Illustration
      Lock icon Over 300,000 flee as killer plague hits western Indian city
      461 4 Reuter Newsday SURAT, India More than 300,000 panic-stricken people have fled the western Indian city of Surat where at least 100 people have died from a killer plague and many more were fighting for their lives, officials said yesterday. "Railways
      Reuter; Newsday  -  461 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1417 4 ag nwt ct» fw rro ton Dhabi GA976 0010 Amman RJ187 0100 Amsterdam SQ25 0630 KL838 2300 KL837 1450 SQ324 2345 Auckland NZ21 1735 BA11 1505 SQ286 2040 NZ22 1850 Bahrain Gfl48 0905 GF147 0500 I S«h B*pwm BI421 1105 SQ182 0915 SQ181 1410 ***** 1210
      1,417 words
    • Article, Illustration
      Lock icon European Union interested in dialogue with Apec
      362 4  -  From Irene Ngoo The Straits Times in KARLSRUHE THE European Union has asked for a dialogue relationship with the Asia-Pacific Economic Cooperation (Apec) forum as part of its move to maintain closer links with the dynamic region. Ministers from the 12member grouping conveyed
      The Straits Times; Reuter  -  362 words
    • Article
      Lock icon Coca-Cola in tie-up with major S African bottler
      282 4 Bloomberg Business News ATLANTA Coca-Cola Co, which resumed doing business in South Africa in June following an eight-year absence, yesterday said it formed a joint venture with one of the country's largest beverage bottlers. Coca-Cola said it will equally own Fortune Investment
      Bloomberg Business News  -  282 words
    • Article
      Lock icon Clamour for revisions puts US telecom bill on hold
      373 4 Reuter WASHINGTON The Senate abandoned efforts to pass the most sweeping telecommunications reform legislation in decades after lawmakers failed to reach agreement on several key issues, the bill's chief sponsor announced. "We've determined that we're just not going forward with any
      Reuter  -  373 words
    • Article
      Lock icon Two killed in plane crash off Kai Tak airport
      243 4 AP HONGKONG A transport aircraft carrying 12 crew members crashed into the sea off Hongkong's airport yesterday, killing two and injuring six, the government said. Four crew were still missing hours later. Earlier in the day, the plane had forcibly taken
      AP  -  243 words
    • Article
      Lock icon US lobbyists' freebies for politicians to get the boot
      185 4 NYT WASHINGTON For the first time in nearly 50 years. Senate and House negotiators have agreed on a major overhaul of lobbying on Capitol Hill, banning lobbyists from paying for everything from lavish resort vacations for members of Congress to the
      NYT  -  185 words
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  • THE WORLD
    • Article
      Lock icon Gatt talks with China make progress: US
      376 5 Reuter GENEVA The United States has made "some progress" in talks with China on its bid for entry to the Gatt trade watchdog and its successor, the World Trade Organisation (WTO), the chief US negotiator said. But Dorothy Dwoskin, assistant US trade representative
      Reuter  -  376 words
    • Article
      Lock icon S African economy picks up
      115 5 AFP PRETORIA South Africa's economic recovery, which was interrupted in the first quarter of the year, advanced further in the second quarter but at a slower pace, the Reserve Bank said here on Thursday. In its quarterly review, the bank said gross domestic product grew
      AFP  -  115 words
    • Article, Illustration
      Lock icon Kohl on campaign trail
      55 5 Reuter MUNICH German Chancellor Helmut Kohl sipping from a one-litre beer mug during his visit to the original Munich Oktoberfest here on Thursday. Mr Kohl, who wants to be re-elected in Germany's general election on Oct 16, was on an election campaign in Munich before next
      Reuter  -  55 words
    • Article
      Lock icon Britain's GDP grows 3.8pc
      103 5 Reuter LONDON Britain's GDP grew in the second quarter at its fastest rate since 1988, the Treasury said yesterday. Official data showed GDP grew a seasonally adjusted 1.1 per cent in the second quarter of 1994 over the first quarter to give a year-on-year rise of
      Reuter  -  103 words
    • Article
      Lock icon De Cuellar to run for Peru presidency
      90 5 Reuter LIMA, Peru Former UN Secretary-General Javier Perez de Cuellar formally announced on Thursday he would run for president of Peru next year and campaign for a stronger democracy and growing economy. "I will be an independent candidate for president of Peru," Perez
      Reuter  -  90 words
    • Article
      Lock icon IMF meeting likely to see debate over cash infusion for poor nations
      410 5 Reuter AFP FRANKFURT Rich and poor nations at this year's meeting of the International Monetary Fund are set for a battle over releasing billions of dollars to prop up struggling economies in developing and former east bloc countries.
      Reuter; AFP  -  410 words
    • Article, Illustration
      Lock icon Race for post of WTO chief wide open as 3 candidates emerge
      335 5 Reuter GENEVA Three candidates a Mexican, an Italian and a South Korean emerged this week as the official contenders for the post of chief of the new World Trade Organisation to be born next year. And negotiators from
      Reuter  -  335 words
    • Article
      Lock icon Bentsen says high industrial output isn't inflation warning
      274 5 Bloomberg Business News CHANTILLY. Virginia Increases in US factory output and usage do not signal that intlation is about to accelerate, US Treasury Secretary Lloyd Bentsen says. "Inflation is the lowest we've seen in over 20 years," Mr Bentsen said on Thursday,
      Bloomberg Business News  -  274 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      97 5 I IF YOU WANT TO the I INCREASE YOUR I DISTANCE, TAKE IT W I FROM THE PLAYER I WHO'S GONE THE ■N"-"^ WINSTON'S PUTTING YOUR GAME RIGHT SINCE 1945 Office Winston's Pte Ltd, 39 Kaki Bukit Road 2, Singapore 1441. Tel: 744 8066 j Singapore Showroom: 20 Raffles Place,
      97 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon MBf Capital says Samanda announcement misleading
      333 6  -  KL companies clear the air By Amy Balan SINGAPORE In the latest twist to the much-followed MBf Capital takeover tale in the stockmarket, the company yesterday said it had lodged a complaint with Bank Negara and the Kuala Lumpur Stock Exchange. MBf Capital, a
      Source: Bridge Info  -  333 words
    • Article
      Dumping Faber would be a mistake
      923 6  -  r r HOCK LOCK SIEW SHPSPis IS By Amy Balan SINGAPORE It's not often that a company gets to make a M 51.13 billion (*****.4 million) profit on a Msl billion investment in just three years. Faber Group Bhd did. But analysts were not
      923 words
    • Article
      JC-MPH gets nod to list Aussie company on Clob
      218 6  -  By Abdul Hadhi SINGAPORE Jack ChiaMPH has received in-princi-ple approval from the Stock Exchange Of Singapore for the trading of shares in its listed Australian subsidiary Long Homes on Clob. JC-MPH said yesterday it expected to distribute about 18.88 million Long
      218 words
    • Article, Illustration
      IDD cuts will hit profits: Telecom chief
      490 6  -  By Genevieve Cua SINGAPORE A recent round of reductions in international direct dial charges will affect Singapore Telecom's bottom line, chairman Koh Boon Hwee said yesterday. He told Telecom's first annual general meeting since it was listed that the group would take steps
      490 words
    • Article
      Idris denies knowledge of link to YHS Malaysia
      307 6  -  By Genevieve Cua SINGAPORE Timberbased Idris Hydraulic (Malaysia) Bhd yesterday said it did not know why newspaper reports linked the company to Yeo Hiap Seng (M) Bhd. Idris was answering a Kuala Lumpur Stock Exchange query about reports which said Idris managing
      307 words
    • Article
      Lock icon NBT eyes Sabah timber assets
      158 6 Reuter KUALA LUMPUR The North Borneo Timbers Bhd (NBT) yesterday confirmed that the company is in serious negotiations to buy some timber assets in Sabah state. The statement came in a response to a Kuala Lumpur Stock Exchange query on reports of NBT paying about
      Reuter  -  158 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week 's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance <£ Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        139 6  -  -By Paul Leo Jurong Shipyard has been trading between S 16.50 and 11.60 since August last year and will continue to do so in the medium term. Weekly Moving Average Convergence-Di-vergence Indicator has been oscillating around zero, indicating a consolidation pattern. However, within this mediumterm range is a
        139 words
    • COMPANIES
      • Article
        Poor refining margins drag SPC interim profit down 43pc
        386 7  -  By Lilian Ang SINGAPORE Listed Singapore Petroleum Company (SPC) yesterday reported a 43 per cent drop in interim pretax profit to $18.50 million, after depressed refining margins dragged down the group's performance. The homegrown oil company's lacklustre performance came despite stable
        386 words
      • Article
        Venture Mfg interim earnings jump 67.4pc to $6.52m
        275 7  -  By Joseph Rajendran SINGAPORE Electronics firm Venture Manufacturing yesterday reported a 67.4 per cent jump in interim net earnings to $6.52 million reinforcing its reputation of being one of the most efficient contract firms worldwide. Turnover in the six months to June
        275 words
      • Article
        Untitled
        505 7 M«Hin' prfcw Sep 24 A 26 Singapore Unit Trust The Commerce 1.67 1.77 The Savings Fund 1.61 1.70 S'pore Prog Fund 0.66 0.70xd S'pore Sec Fund 1.04 1.10 S'pofe Invest Fund 1.21 1.28 S'pore Equity Fund 0.83 0.88 Asia Unit Trust Mai Invest Fund 2.53 2.66 Mai Prog Fund 0.%
        505 words
      • Article
        Property sector fuels 58pc rise in FCC net earnings
        252 7 SINGAPORE First Capital Corp (FCC) posted net earnings of $79.18 million for the year to June 30 up 58 per cent from previously. The diversified group achieved the higher profit on a 55 per cent increase in turnover to $590.12 million.
        252 words
      • Article, Illustration
        Pressure on margins cans CMB's profit
        198 7 SINGAPORE Thinner margins dragged down the halftime earnings of packaging group Camaud Metalßox Asia 57.4 per cent to $2.5 million. And the group said yesterday it expected a further reduction in profit in the current half. For the six months to June 30, operating
        198 words
      • Article
        Lock icon Renong's group profit jumps 20pc, but stock overpriced, say analysts
        211 7 Reuter KUALA LUMPUR Malaysian conglomerate Renong posted a solid 20 per cent jump in group net profit for 1993/94 but analysts say the stock is overpriced. "At current prices, it is trading at a price/earnings ratio of over 40 times
        Reuter  -  211 words
      • Article
        Chuan Hup's profit rises 4pc, turnover surges 27pc
        403 7  -  By Rahita Elias SINGAPORE Marinebased Chuan Hup Holdings net earnings rose 4 per cent to $20.1 million for the year ended June 30 slightly above analysts' expectations. Group turnover jumped 27.4 per cent to nearly $79 million in the 1994 financial vear.
        403 words
      • COMPANYRESULTS
        • Article
          Flextech posts $1.26m profit
          73 7 SINGAPORE Newly-listed electronics group Flextech Holdings yesterday reported an interim net earnings of 1.26 million on a group turnover of $20.65 million. There is no year-on-year comparison as the company was only incorporated in October last year. Earnings per share came to 1.8 cents. The directors
          73 words
        • Article
          Straits Trading's net up 6.8pc
          52 7 SINGAPORE The Straits Trading Company Ltd yesterday reported a 6.8 per cent increase in interim net earnings to $13.44 million. Turnover for the six months to June 30 jumped 54.3 per cent to $111.3 million due mainly to higher receipts from smelting subsidiary Malaysia Smelting
          52 words
        • Article
          Asiamatrix deeper in the red
          91 7 SINGAPORE Sesdaq-listed Asiamatrix, previously known as Tonhow Industries, more than doubled its half-year net loss to $1.57 million, from $602,000 a year ago. Turnover for the six months to June 30 also fell 24 per cent to $3.54 million. The group said the turnover decline
          91 words
        • Article
          Bonvest's earnings up
          70 7 SINGAPORE Bonvest Holdings's operating profit for the six months to June 30 improved to $9.86 million from $9.73 million despite a drop of 4.4 per cent in turnover to $58.23 milion from $60.88 million. Profit after taxation and extraordinary items rose 16.5 per cent to $7.57 million.
          70 words
        • Article
          Lock icon Olympia Industries improves profit
          58 7 MBT KUALA LUMPUR Olympia Industries Bhd has turned in a pre-tax profit of M 563.66 million (Ss37 million) for the six months to June 30 against a profit of M 549.24 million for the same period last year. Turnover rose 50 per cent to M 5290.82
          MBT  -  58 words
        • Article
          MMC Engineering's profit slides
          83 7 KUALA LUMPUR MMC Engineering Group Bhd yesterday reported a group pre-tax profit of M 56.4 million (553.7 million) for the half year to June 30, down 48 per cent from M$ 12.26 million in the previous corresponding period. It said group profit attributable to shareholders dropped
          83 words
      • Article
        Osprey posts buoyant interim results with profit rising 40pc
        311 7 SINGAPORE Shipowner Osprey Maritime has posted a sterling set of half-time results, in contrast to the lacklustre figures released earlier by other shipping companies. For the six months ended June 30, Osprey achieved a 40 per cent jump in net earnings
        311 words
      • Article
        Finance house Singapura posts flat earnings
        189 7 SINGAPORE Finance house Singapura Building Society yesterday reported net earnings of $4.85 million for the year to June 30 almost unchanged from $4.88 million in the previous year. Despite a 9 per cent rise in operating income to $19.26 million, net profit was flat
        189 words
      • Article
        Lock icon Consortium eyes stake in Philippine Racing Club
        177 7 Reuter MANILA A consortium led by Ganda Holdings Bhd of Malaysia is offering 1.67 billion pesos (Ss96 million) to acquire 73 per cent of Philippine Racing Club Inc (PRCI), the Philippine Stock Exchange said yesterday. PRCI, operator of the more-than-20-hectare horsetrack near the
        Reuter  -  177 words
      • Article
        Lock icon Selangor Dredging sees property projects boosting bottom line
        227 7 MBT KUALA LUMPUR Selangor Dredging Bhd (Seldredgc) is looking at several new projects in housing development and property based activities and is carrying out a feasibility study on an industrial development venture in Sepang, Selangor. However, chairman Chan Keong Hon. talking to
        MBT  -  227 words
      • Article
        Lock icon KLI requests suspension on Monday
        75 7 Reuter KUALA LUMPUR Property-based KLI Holdings Bhd has requested for the suspension of its shares on Monday pending a major announcement. The counter topped the active list today with some 43 million shares traded. Its shares rose M 51.36 or 30 per cent to close
        Reuter  -  75 words
      • Article
        SIA takes delivery of 26th MegaTop
        53 7 SINGAPORE Singapore Airlines yesterday took delivery of its 26th Boeing 747-400, dubbed the Mega Top. The carrier will take delivery of its second Mega Ark freighter on Friday. Another 21 Mega Tops and three Mega Arks are on order, with delivery spread over the
        53 words
      • Article
        Lock icon Acidchem soar on takeover talk
        59 7 Reuter KUALA LUMPUR Shares of Acidchem (Malaysia) Bhd soared yesterday as investors speculated that the company is to be taken over by a prominent Malaysian businessman, brokers said. The shares closed at M 58.50, up 80 sen on a volume of 8.30 million shares. Acidchem
        Reuter  -  59 words
      • Article
        Lock icon Ayala to issue shares worth 1b pesos
        68 7 Reuter MANILA Ayala Corp, one of the Philippines' largest conglomerates, is to issue one billion pesos (5557.5 million) worth of preferred shares to fund its expansion, according to documents filed with the Securities and Exchange Commission. The preferred shares will be cumulative, non-convertible,
        Reuter  -  68 words
      • Article
        Lock icon Propel to form JV with US company
        55 7 Bernama KUALA LUMPUR Projek Penyelenggaraan Lebuhraya Bhd (Propel) has struck a preliminary agreement to form a joint venture with Johnson Controls Inc (JCI) of the US. JCI, which provides operation and management services, will transfer its technology and know-how to the joint venture
        Bernama  -  55 words
      • COMPANYBRIEFS
        • Article
          Lock icon Olivetti's pre-tax loss widens
          106 8 Bloomberg Business News MILAN Italian computer group Olivetti SpA said on Thursday that it almost broke even at the operating level in the first half of the year, but that write-downs on its bond investments pushed it into a steep pre-tax loss. Olivetti had a first-half
          Bloomberg Business News  -  106 words
        • Article
          Lock icon Unilever to build second Chinese plant
          86 8 Bloomberg Business News ROTTERDAM Unilever NV said yesterday it will build its second ice cream factory in China near Shanghai through its joint venture with China's Sumstar. The Anglo-Dutch consumer products conglomerate, which holds 85 per cent of the venture, said the new factory
          Bloomberg Business News  -  86 words
        • Article
          Lock icon Unilever admits detergent defective
          82 8 AFP LONDON The Anglo-Dutch giant Unilever has admitted that its innovative detergent launched this spring under the names Persil Power and Omo Power was "defective", the Financial Times newspaper reported yesterday. The detergent has been at the centre of an acrimonious row between Unilever and Procter
          AFP  -  82 words
        • Article
          Lock icon Guangdong Investment profit up 40pc
          70 8 Bloomberg Business News HONGKONG Guangdong Investment, a Hongkong-based investment holding company, said yesterday its net profit for the six months to June 30 rose 40 per cent to HK$ 139.8 million (5526.7 million) from HKS 100.1 million. The figures were after taxation and minority interests.
          Bloomberg Business News  -  70 words
      • Article
        Lock icon NYSE sees int'l accounting standard for foreign listings
        162 8 Reuter NEW YORK Foreign companies may eventually be allowed to use an international accounting standard when seeking to list shares on the New York Stock Exchange, NYSE chairman William Donaldson said on Thursday. Mr Donaldson, speaking to reporters at a briefing after
        Reuter  -  162 words
      • Article
        Lock icon Record mineral profits boost BHP's 1st-qtr earnings by 17.8pc
        394 8 Bloomberg Business News MELBOURNE Broken Hill Proprietary Co, Australia's largest company, lifted its firstquarter profit by 17.8 per cent on record earnings from the group's minerals division. BHP said net profit for the three months ended Aug 31 increased to A
        Bloomberg Business News  -  394 words
      • Article
        Lock icon Plunge in Shanghai A-share index spells end of bull run
        213 8 Reuter SHANGHAI Shanghai's Ashare index plunged 5.68 per cent yesterday, brokers said. The impact of Beijing's ban on listings of new A shares this year, which helped boost the index from Aug I, has now faded, they said. The index
        Reuter  -  213 words
      • Article, Illustration
        Lock icon Fruit loop at Unilever plant
        44 8 Reuter BEIJING A worker at the Walls Ice Cream factory in Beijing monitoring the flow of watermelon-flavoured ice lollies along a production line yesterday. The factory, a jojnt venture with Anglo-Dutch multinational Unilever, will be officially opened today. Keuter
        Reuter  -  44 words
      • Article
        Lock icon Joint venture to make, sell Lee jeans in China
        473 8 AP PHILADELPHIA Apparel maker VF Corp said on Thursday it had agreed to a joint venture that would make Lee jeans the first major American jeans brand to be manufactured and sold in China. VF, which also makes Wrangler, Rustler and
        AP  -  473 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        493 8 VessH Voy No Berth Arrival Departure Vewel toy No Berth torhai Popartao p«rt Ctenftu 8S P06 24.09/1300 2*09/0600 M 04/94 1/9 alooesjde 24.09/2300 Dolphan 64A P04 23.09/1800 24.09/1400 fcnnevis 1989 1100/94 Jl alongside M.W/OMO Etona SC2S4C 24S£P* POIA srr sr" s ses ss sr«- ft« r sss
        493 words
      • Article
        CONTAINER SCHEDULES
        1393 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance "sits Ship Voy No Etb/Btr Period From To From Au lafc 2MB 24/1300 I* 23/1500 23/1669 23/1900 te, u, 054A 24/1/00 IB 23/1500 23/1659 23/1900 »<—- ii j ss us
        1,393 words
    • FINANCE & COMMODITIES
      • Article
        Simex and IPE close to agreement on Brent crude trading
        425 9  -  By Soh Tiang Keng SINGAPORE The Singapore International Monetary Exchange (Simex) will join hands with London's International Petroleum Exchange (IPE) to trade in Brent crude oil futures, probably from next year. Trading in the Brent crude, the world's most actively
        425 words
      • Article
        Lock icon Deeply discounted rights may shake Thai stock market
        518 9 Bloomberg Business News BANGKOK Thai brokerages and investment banks are selling hundreds of millions of dollars worth of shares on the cheap, a trend that analysts say could shake the stock market and the financial industry. In the past six weeks, four
        Bloomberg Business News  -  518 words
      • SMALLCHANGE
        • Article
          Lock icon Calpers boosts Japanese portfolio
          76 9 Knight-Ridder TOKYO The largest US pension fund, California Public Employee Retirement System (Calpers), invested US$l.4 billion (SS2.I billion) in Japanese stocks in the first six months of 1994, the Kyodo news service quoted the Nikkan Kogyo Shimbun industrial daily as reporting yesterday. Over the last five
          Knight-Ridder  -  76 words
        • Article
          Lock icon Inchcape unit enters strategic alliance
          80 9 Reuter LONDON Inchcape pic said yesterday that its insurance broking arm. Bain Hogg Group, and international services and marketing group Acordia Inc had started talks aimed at developing a global strategic alliance in insurance broking. Acordia Inc will handle both companies' Bain Hogg's and Acordia's
          Reuter  -  80 words
        • Article
          Lock icon Swiss bank foreign assets fall in Q2
          77 9 Reuter ZURICH Assets held by Swiss banks with foreign banks and non-banks fell 4.9 billion Swiss francs (555.6 billion) to 254.1 billion francs (*****.2 billion) in the second quarter, the Swiss National Bank (SNB) said yesterday. In an advance copy of its monthly
          Reuter  -  77 words
        • Article
          Lock icon Jardine unit opens Myanmar office
          61 9 Reuter SINGAPORE Jardine Thompson Graham Asia Pte Ltd (JTG Asia) said yesterday it had become the first reinsurance broker to open a representative office in Myanmar. Singapore-based JTG is part of the UK-listed Jardine Insurance Broking Group pic. The Yangon office will place international reinsurance
          Reuter  -  61 words
      • Article
        Thailand's Bank of Asia raises US$120m from FRCD issue
        275 9  -  By Shiv Taneja SINGAPORE Thailand's Bank of Asia Public Co has raised US$l2O million (SSI76 million) through an issue of floating rate certificates of deposit in the Asian capital market. The deal signed yesterday at the Marina Mandarin Hotel was lead-managed
        275 words
      • Article, Illustration
        Lock icon US banks in best shape in years as interim profits rise to record US$22.3b
        573 9 Bloomberg Business News WASHINGTON The US banking industry is in its best shape in years after posting record profits in the first half of 1994 amid burgeoning loan demand. Bank earnings rose to U5522.3 billion (5532.78
        Bloomberg Business News; Reuter  -  573 words
      • Article
        Lock icon Duff & Phelps seeks M'sian tie-up
        237 9 Duff Phelps seeks M'sian tie-up Bernama KUALA LUMPUR Duff& Phelps, one of the "Big Three" credit rating companies in the US, hopes to seek a strategic alliance with Rating Agency Malaysia Bhd (RAM), said David L Roberts, the group vicepresident of Duff Phelps. There should be considerable benefits from such
        Bernama  -  237 words
      • Article
        Lock icon HK's MTRC plans to start five-year notes programme
        309 9 Knight-Ridder HONGKONG Mass Transit Railway Corp (MTRC), Hongkong's governmentowned underground railway company, intends to hold regular offerings of HK-dollar denominated notes with maturities of five years or more beginning this year. However, MTRC treasurer Jimmy Lau yesterday declined to comment whether China
        Knight-Ridder  -  309 words
      • Article
        Lock icon Crackdown on futures trading in Guangdong
        184 9 Bloomberg Business News BEIJING The futures regulatory authorities in China's Guangdong province have ordered a crackdown on illegal trading, the official China Securities newspaper says. The newspaper reported yesterday that the authorities in the southern province had issued a circular also demanding that all
        Bloomberg Business News  -  184 words
      • Article
        J P Morgan launches commodities index
        306 10  -  By Shiv Taneja SINGAPORE US investment bank JP Morgan yesterday introduced the JP Morgan Commodities Index, a financial instrument that primarily derives its value from underlying commodities futures contracts. The instrument is aimed at institutional investors, including fnd managers and privatebanking clients looking for
        306 words
      • Article, Illustration
        Technical picture for US$/mark still unclear
        429 10 DBS weekly currency review (JSs/mark: outlook not clear US$/mark consolidated within the range of 1.5405 to 1.5583 for the first four days of the week and was seen trading around 1.5465 yesterday morning. The technical outlook is still not clear. The potential bearish triangle
        429 words
      • Article
        Lock icon M'sia not likely to allow trade in rates futures this year
        265 10 Knight-Ridder SINGAPORE The Malaysian Securities Commission is unlikely to authorise before the end of the year a plan by the Kuala Lumpur Futures Market (KLFM) to launch trading in Malaysian short-term interest rates futures, officials of the commission said
        Knight-Ridder  -  265 words
      • Article
        Lock icon Asian rice prices expected to rise with demand
        348 10 Reuter KUALA LUMPUR Asian rice production will remain high this year despite bad weather in some key producing nations, but prices should climb on growing demand, industry and government officials said. Asia produces nearly 90 per cent of all rice in the
        Reuter  -  348 words
      • Article
        Lock icon Asian traders in no hurry to take up Vietnamese coffee
        284 10 KnightRidder TOKYO The Asian market is cautiously awaiting the arrival of Vietnamese coffee, which should become available soon, due to tight world coffee supplies. Offers for October shipment onward were said to have begun trickling in recently, but buyers are
        Knight- Ridder  -  284 words
      • Article
        Lock icon British hedge funds' watchdog urges prudence to avoid regulatory intrusion
        328 10 Reuter LONDON The future for the growing UK hedge fund industry depends on how effectively fund managers regulate their own financial and investment activity, Imro chief executive Phillip Thorpe said. Speaking at a hedge fund conference, he said fund managers
        Reuter  -  328 words
      • Article
        Lock icon Oil prices steady, but set to climb
        302 10 ENERGY REPORT Reuter LONDON World oil prices steadied after Thursday's 50cent gain, but analysts said they could be ready to climb as the northern hemisphere enters its winter season. The November futures price for world benchmark Brent Blend crude oil was down just
        Reuter  -  302 words
      • Article
        Lock icon Currency Reports: London
        205 10 Reuter LONDON The dollar enjoyed a relaxing day of steady price action in Europe, with little in the way of news or economic data to disturb it. But some major events loom concerning US money policy and trade next week. The Federal Open Market Committee is due
        Reuter  -  205 words
      • Article
        Lock icon New York
        88 10 AFP NEW YORK The dollar slid against major currencies, awaiting a meeting next week of the Federal Reserve's poli-cy-making Open Market committee and US-Japanese trade talks in Washington. Around 1355 GMT, the dollar traded at 1.5445 marks down from 1.5470 on Thursday and 97.78 yen down from 98.00.
        AFP  -  88 words
      • Article, Illustration
        Untitled
        1121 10 I raJe-neifthietl index cakulaleil aquinst S'pare'* lop 14 iraJing partner* Hav \rar l9Hf USS/SS forward rates Noon Sep 23 ss Bid Offer 1-month 1.4730 1 4744 2-month 1.4718 1 4732 3-month 1.4708 1-4722 6-month 1.4670 1 4690 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9«r on S«t 23 Singapore
        1,121 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Simex Eurodollars, Euroyen end firmer, trade hit by Japan holiday
        1147 11 >#iMX REFOHT'-iX^ Reuter SINGAPORE Simex Eurodollars and Euroyen contracts edged up slightly in light, holiday affected trade. Dealers said that the Autumn equinox public holiday in Japan, which meant that there was no trading in Simex Japanese government bonds (JGB)
        Reuter  -  1,147 words
      • Article
        S'pore rubber soars on NY buying
        664 11 COMMODITY REPORTS Rubber SINGAPORE: Rubber futures finished sharply higher on US and Europe dealer short covering prompted by rising New York and Indonesian prices. A new wave of demand by tyre makers and end-consumers also fuelled the bullish sentiment. New York dealers swarmed the
        664 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Shanghai to merge four exchanges
          59 11 HONGKONG Shanghai will merge four of its six futures exchanges into a single commodities market to check the sharp rise in futures trading, it was reported yesterday. The merging of the markets is expected to take several months to complete. Traders say the merger will
          59 words
        • Article
          S Korea tenders for 5,858 tns of beef
          63 11 SYDNEY South Korea has announced a frozen beef tender for a total of 5,858 tonnes to be awarded on Wednesday, the Australian Meat and Livestock Corporation said yesterday. The tender is for 2,860 tonnes of grassfed quarter beef, 2,734 tonnes of grainfed
          63 words
        • Article
          China not buying copper until 1995
          68 11 HONGKONG Steep international copper prices may keep China out of the market as a buyer until next year, traders say. "Chinese smelters are willing to pay up to U552,400 (553.530) per tonne for their concentrates, and it seems unlikely that LMh prices will decline
          68 words
        • Article
          S Korean firm restarts lead smelter
          55 11 TOKYO Reheating has begun at Korea Zinc's 100,000-tonne lead smelter following an extended maintenance shutdown, a company official said yesterday. The smelter was shut on Aug 30 for a scheduled two-week maintenance closure that was extended until this week due to plant engineer recommendations
          55 words
        • Article
          Seoul to buy 100,000 tns feed barley
          65 11 SEOUL South Korea is likely to buy 100,000 tonnes of feed barley next week, the first time the country has ever imported the grain, traders said yesterday. Traders here said next wek, or early the week after, is the most likely period for
          65 words
      • Article
        COMMODITY PRICES
        1325 11 Rubber scp23 Singapore Commodity Exchange Pfcysteai Prte (futures desing as at 5.30pai) Bayer* Mien As at 12 neea (S cents/kg) y. mo... l, c is as >» as as Oct 94 205.00 205.00 205.00 50 1450 R ss 5 Oct 94 191.50 192.50N Nov 197.50 196.00 196.50 350
        1,325 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1040 12 -0.5 SURGING gold levels countered a depressed day's trading on the bourse yesterday. The All Ordinaries Index dipped 0.5 point lower at 2,027.7. The All Industrials finished 2.0 down at 2.872.0 while the All Resources edged 0.7 higher to 1.402.0. Turnover was 185.95 million shares valued at A 5446.9
        1,040 words
      • Article
        Manila
        656 12 +25.00 Stocks rose 0.85 per cent yesterday, buoyed by foreign investors and the high price of gold. The Composite Index rose 25 points to 2,959.36. Turnover was 3.69 billion shares valued at 1.91 billion pesos. A dealer said there were signs that foreign investors were joining the bargain-hunting binge
        656 words
      • Article
        New Zealand
        310 12 14.10 Shares ended higher, albeit on light volume, as the market decided to follow a morning rally in local bills and bonds rather than weakness in US stocks overnight. The NZSE-40 Capital Index closed at 2,080.53. up 14.10 on light volume. Firmer leaders showed the way for the
        310 words
      • Article
        Taipei
        587 12 +40.40 Stocks closed marginally higher in slim trading as investors bought at lows while plastic and chemical shares as well as electricals gained ground. the Weighted Price Index recovered 40.40 points to finish at 6.930.28. Turnover was 891 million shares worth NT549.37. The market opened lower, but foreign investors
        587 words
      • Article
        Seoul
        484 12 -3.02 Share prices took a drubbing yesterday after a series ot record breakers, brokers said, calling it a technical correction amid fears of rapid overheating. The Composite Price Index made a downward turn, shedding 3.02 points to at 1.030.99. accompanied by heavy trading with 46.3 million shares changing hands.
        484 words
      • Article
        Bombay
        76 12 +5.84 Trading on the Bombay Stock Exchange was suspended after a fire broke out in a building behind the bourse. BSE officials said the exchange building itself was not affected by the fire. Trading stopped after midsession when the 30-share BSE Index was 44.75 points higher at 4,496.53. Yesterday
        76 words
    • WORLD STOCK MARKETS
      • Article
        London
        838 12 +7.0 STOCKS closed mixed for a second day as food retail stocks declined and speculation persisted that the Federal Reserve may raise interest rates next week. Better-than-expected German inflation news lifted bonds after the opening, dragging stocks higher for much of the session Yet stocks retreated towards the close
        838 words
      • Article
        Paris
        184 12 +27.98 French stocks rose after tame German inflation figures gave investors hope the Bundesbank may offer one more interest rate cut. Increasing speculation that US rates are set to rise again had dimmed that hope earlier this week. But news yesterday of moderate and even declining consumer price inflation
        184 words
      • Article
        Frankfurt
        161 12 +8.21 Stocks rose after inflation reports from two states calmed concerns about interest rates in Germany. Yet gains were kept in check by continuing uncertainty about the direction of US interest rates as well as the outcome of the general elections next month. The DAX-30 Index closed the day
        161 words
      • Article
        Brussels
        121 12 +0.82 Stocks closed little changed for the second day with rising bond prices offsetting a decline in the dollar. Bonds rallied early in the session as inflation reports from Germany convinced investors there was little chance of higher German interest rates for now. The Bel-20 Index rose 0.82 to
        121 words
      • Article
        Milan
        123 12 +48 Stocks closed mixed with investors waiting to see if unions and the government can reach a compromise on pension reform when talks resume on Monday. They said that half-year earnings reports were positive but they weren't providing fuel for the market. The Mibtel Index ended up 48 points
        123 words
      • Article
        Amsterdam
        265 12 +3.25 Dutch stocks closed higher for the first time in more than a week as easing concern about rising interest rates boosted bonds. The EOE Index rose 3.25 points to 403.61. Among the 25 index stocks, 19 rose and six fell. A total of 6.4 million shares changed hands.
        265 words
      • Article
        Stockholm
        167 12 12.56 Swedish stocks and bonds rose as investors began to bet prime minister-elect Ingvar Carlsson's minority government will prove strong enough to tackle the country's economic woes. The yield on the 10.25 per cent government bond due 2003 dipped at one stage below 11 per cent for the first
        167 words
      • Article
        Zurich
        269 12 +6.2 Swiss stocks rose, helped by two inflation reports from German states that were at the low end of forecasts and by interest in Ciba-Geigy. The SMI Index of 23 stocks gained 6.2 points to 2,609.1, with 13 stocks advancing, three steady and seven lower. The SPI Index, which
        269 words
      • Article
        Johannesburg
        296 12 18 Gold shares ended with tentative gains yesterday after an early jump in line with bullion, as the market waited in hope for a further push to US$4OO. Shares eased back from morning highs in afternoon trade after gold surged through US$396 but failed to clear the next resistence
        296 words
      • Article
        Toronto
        244 12 +6.82 Stocks moved higher in quiet early trade on what traders said was a rebound after a rocky week, dealers said. "Today was a natural rise. We've been down all week, the guys are shortcovering." one trader said. Interest rate fears still abound, but bargain-hunting and end of week
        244 words
      • Article
        New York
        758 12 +9.76 The Dow Jones Industrial Average was ahead 9.76 points to 3.846.89 at 11am EDT. The NYSE Composite Index was ahead 0.02 to 254.54, while Standard Poors 500-stock Index was off 0.09 to 461.18. Advances nosed out declines 841-808 among the 2.480 issues crossing the NYSE tape. Volume
        758 words
      • Article
        Untitled
        539 12 Vienna Sep 23 A%ch M 'A :O4O Bank \UNIMJ l*S 419 i H\ W *16 IW 144* If Mufhatcn II I cn/ing 1210 uiK'h lokjm M M jv ulan MM V/ iro umh Of MV V/ 1015 II I h MH4 |J V cilvtif r 1 Veit'uiHl \kiir 11 *K-nof*cri
        539 words
    • Article, Illustration
      Lock icon HONGKONG
      2784 13 Bloomberg Business News HONGKONG Stocks dropped on expectations the Federal Reserve will decide to push interest rates higher again at next Tuesday's policy meeting. "The whole world is waiting for the meeting next Tuesday," said a fund manager. "All we have heard is already in the market. There's not
      Bloomberg Business News; Source: Bridge Info  -  2,784 words
    • Article, Illustration
      Lock icon CHINA
      473 13 CLSA THE H Index tumbled 22.98 points to 1,504.56 on turnover of HK5158 million. Qingling Motors was hard hit, shedding 3.2 per cent. Maanshan, the day's most active stock, fell 1.9 per cent. Shanghai B shares fell 9,28 points to 913.46 on turnover of US$5 million. The fall was
      CLSA  -  473 words
    • Article, Illustration
      Lock icon BANGKOK
      1694 13 Reuter BANGKOK Selling of blue chips amid concerns of a possible rise in US short-term interest rates pressured stocks to close 1.7 per cent lower. The SET Index finished 25.37 points lower at 1,506.06 on 8.88 billion baht turnover. "Institutional and retail investors liquidated their holdings ahead of a
      Reuter; Source: Bridge Info  -  1,694 words
    • Article, Illustration
      Lock icon JAKARTA
      1023 13 Reuter JAKARTA Share prices closed mixed in dull trading, with most investors sidelined or thinking about the weekend. "Some investors saw value there today but bought very cautiously and in small volumes. There was also a little profit taking by locals but not as much as usual on Fridays,"
      Reuter; Source: Bridge Info  -  1,023 words
    • Article
      CLOB INTERNATIONAL
      2148 14 KL Industries 37,327,000 Fabcr Group 32,291.000 Promct 27,793,000 MBf Capital 949,000 Insas Bhd 7,7JO.000 PMI 50c 6.745,000 Sateras Res 6 6 5 4 '552 MBf Hides 50c 5.42',000 Idns Hyd 50c 4,570,000 Mcnang Corp 4,299,000 Sn Hartamas '47.000 Mulptia Intl 50c 4.080,000 Tan Chong 50c 1795,000 KL Industries
      2,148 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Blue chips down, but rumour-driven shares up
        5221 14 Bloomberg Business News KUALA LUMPUR The main stock index fell as local investors spumed the country's biggest companies and gobbled up shares driven by rumours. The country's central bank. Bank Negara, added fuel to the market by raising the amount of loans banks
        Bloomberg Business News; Source: Bridge Info  -  5,221 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7285 15 Cr Gr \l Wl 14 oj la* Vol Day Last Quote Di» Dh YM N«l Cap A>g Hi,fc I« S OM) Hlfll Lo* Bu>« Seller S O, P/E S-.il Price INDUSTRIAL AND COMMERCIAL 1440 83$ >OOOcd+$ 99 1000 1000 1000 1010 17 5 J *10 400 I s Alex Hldp
        7,285 words
      • Article, Illustration
        Lock icon Selected Clob counters gain on rumours, speculation
        1860 16  -  By R Sivanithy SINGAPORE Local shares yesterday displayed a reassuring resilience to sustained overnight weakness on Wall Street, while Malaysian speculatives continued to excite investors with massive gains in selected counters, mainly due to rumours and speculation. However, overall trading in Malaysian shares
        Charts by Bridge Info; Source: Bloomberg  -  1,860 words
    • USERS Trends
      • Article, Illustration
        An Asian policy for Europe?
        994 17  -  Francois Godement outlines the various forces shaping European thinking on Asia Francois Godement Dr Francois Godement is a Senior Research Associate at the French Institute of International Relations. Paris. OVER the past year, a change of thinking at the European Union's headquarters in Brussels, the
        994 words
      • Article, Illustration
        India's transition to cautious optimism
        1430 17  -  Kripa Sridharan sets out the prognosis for the future of economic development and political stability in India Kripa Sridharan Dr Knpa Sridharan is a Lecturer in the Department of Political Science. National University of Singapore. THE minority Congress government which came to power in India
        1,430 words
      • Article, Illustration
        Lock icon Singapore's 1993 bubble is about to be deflated
        2205 18  -  YqJi Thi3n Ser and Y©w Siew Peng look at how statistics 3nd 3nGcdot3l evidence 3ppo3r to conflict in indicsting whether the Singspore residential property market is headed for a hard or soft landing after last year s excesses Toh Thian Ser, Yew
        Source: Jones Lang Woolton Consultants Pte Ltd; Source: Yearbook of statistics, Singapore  -  2,205 words
      • Article, Illustration
        Social disparity in Vietnam
        1199 19  -  Tran Khanh reveals how, with market reforms, the income gap between rich and poor has widened enormously in Vietnam Tran Khanh Dr Tran Khanh is a researcher with the Institute of Southeast Asia. Hanoi. IT is by now a fact of economic life that fast growth
        1,199 words
      • Article
        What is Jakarta's role in Asean?
        176 19 MUCH has been written about the Association of Southeast Asian Nations and about Indonesia's foreign policy. But there have been few scholarly studies that have analysed Indonesia's foreign policy within Asean. A new 335-page book, published by the Institute of Southeast Asian Studies in
        176 words
      • Article, Illustration
        Sun Tzu's art of war in modern perspective
        1755 19  -  Wu Chunqiu examines some of the principles of one of the world's great military thinkers and their applicability to the present age Wu Chunqiu Professor Wu Chunqiu is Senior Consultant, International Technology and Economy Institute, the State Council oftnf People's Republic of
        1,755 words
      • Article, Illustration
        More than apology needed to confront the past?
        1267 20  -  The ghost of World War II continues to bedevil Japan's relations with the rest of the Asia-Pacific. P Lim Pui Huen looks at the issue P Lim Pui Huen P Lim Pui Huen is a Research Fellow ai ISEAS, and Associate Editor
        1,267 words
      • Article, Illustration
        Mexico's continued road to reform
        852 20  -  The newly-elected president of Mexico needs to seriously entertain the idea of political reform if the country is to forge ahead, says Emilio Zebadua Emilio Zebadua Dr Emilio Zebadua teaches history and politics at El Colegio de Mexico. THE same week when Ernesto Zedillo was
        852 words
      • Article, Illustration
        Asia's cities: a reply to Gerald Segal
        922 20 Letter to the editor 1 FIRST read Dr Gerald Segal's piece "Cities without style" in Trends of June 25-26, 1994, just before I spent some hours in his company driving around the back streets of Hongkong. In such circumstances, it was easy to
        922 words
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      Page 6 Advertisements Column 1
      462 6 NEWS VALUE How today 's news might affect your stocks SES, Simex surprise with plans to move to now complex (pg I) A coup by UOB. Losers are Quadrant's landlords, DBS Land and SSL. M'sian banks can now give more share-backed loans (pg l) Expect volatile trading on Monday, with
      462 words
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      704 9 SINGAPORE PETROLEUM COMPANY LIMITED (Incorporated in the Republic erf Singapore) HALF YEAR UNAUDITED PROFIT ANNOUNCEMENT The Directors wish to announce the following unaudited results of the Group and the Company for the six months ended 30 June 1994: ($000s) THE CROUP THE COMPANY 1994 1993 1994 1993 Turnover 921,267 909,997
      704 words
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      49 10 You may have been unable to get your Business Times, Straits Times, Sunday Times. LlanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a dally copy, call Customer Services Section on 1800-749-2577. and ask tor home or office delivery service.
      49 words
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      191 words
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      Page 11 Advertisements Column 2
      28 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. off*** Bp th« Bp curre* 1 I II
      28 words
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      91 13 FAST AND EFFECTIVE RELIEF FROM COLD AND FLU SYMPTOMS. USE STWTIY AS OMCTED I IH« 3J* J Of CWQKN HON New from the makers of Panadol. J p awa iiAr~M Relieves aches, pains and fever. A i Helps clear stuffiness unblock 1 A Sterling runny noses. Health Suppresses coughs. Available
      91 words
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  • Page 15 Advertisements
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      55 15 FAST AND EFFECTIVE RELIEF FROM COLD AND FLU SYMPTOMS. Bt Sk USE STMOIY AS OKCTEO n <cu»ikfT»KKNOFi}«.aKii RON New from the makers of Panadol. Panadol' Relieves aches, pains and fever. a.■ a l Helps clear stuffiness unblock 1 MYMOMOMDC iSfff PAHACh AMCX. SOOflm Jjt Sterling runny noses. Health Suppresses coughs.
      55 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      377 16 The Straits Times Weekly Edition offers you MiTSIWIIiVSlI jiuil kTiITSsH a cr s P summary of the week's major happenings in Singapore and Asean. You can stay in touch with the social issues, politics, you are overseas. All the valuable information I i need. If you subscribe to The Straits
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      27 16 BUSINESS T I M__E__S TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 EYE ON THE TIGERS Nobody covers East Asia like we do. The Region. Everyday. SINOAfOUK Business Times WEKNnWASIA
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      194 16 NOTICEJO CREDITORS OF FIRST MEETING IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER 6F ADVANCE PACIFIC TRAVEL PTE LTD (INLIQUIDATION) COMPANIES WINDING UP TO NO 309 OF 1992 (Under the Order of Court for the Wtnchng-Up the abovenamed Company dated the 12th day of March
      194 words
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      Page 17 Advertisements Column 1
      314 17 ISEAS irapfeMpfi to look at ties THE Institute of Southeast Asian Studies will be holding, in collaboration with the Korean Association for Southeast Asian Studies, a two-day closed-door conference on the theme: "Emerging Issues in Trade and Investment Relations Between Korea and Asean", at the Regent Hotel, Singapore, on Oct
      314 words
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      234 18 Trends A ipunmiy pnat»c«tw of the Inttim* of Somhem Ainn S<u<iie» Editors-in-chief S. Rajaratnam Chan Heng Chee Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar
      234 words
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  • ExecutiveLifestyle
    • Article, Illustration
      Been couch shopping lately?
      1539 21  -  Home shopping, once the domain of the American consumer, seems to be catching on here. Jaime Ee checks out the trend Jaime Ee THERE was a time when shopping in Singapore meant just three things see, like, buy. We asked for no refunds or exchanges (and
      1,539 words
    • STRAWS IN THE WIND
      • Article
        See you in Calcutta
        42 21 AN INDIAN company from Calcutta recently sent us a fax inviting us to a groundbreaking ceremony over there. If that was hopeful, guess who the fax was addressed to? "Mr J M Rajan Pillai, Chairman of Business Times".
        42 words
      • Article
        Quick follow-up
        51 21 IS BUSINESS so slow that some firms are running out of customers? After we ran a page 1 story headlined "Rich housewives join the fray as forex trading gains favour", one forex trading firm called our office to ask if we knew any rich housewives who wanted to
        51 words
      • Article
        Opening tribute
        35 21 COMMENTING on the rising rents of commercial properties, the director of a company had this to say to his landlord: "Everyday when we open shop, the first two hours are dedicated to you."
        35 words
      • Article
        Try a little legwork
        57 21 NEED to know who the property developers in a fast developing Indonesian island are? One reporter who wanted this information was told by the island's investment authority's PR head to physically drive around and get the names off construction site signboards. He wasn't being difficult, incidentally.
        57 words
    • OPINIONS
      • Article, Illustration
        A powerful and exciting architectural concept
        856 22  -  Robert Siegel says the strength of the Singapore Arts Centre project has nothing to do with 'form following function' Robert Siegel The writer is with Gwathmey Siegel A Associates Architects in New York. I WOULD like to offer some comments about architecture which relate
        856 words
      • Article, Illustration
        Lock icon No guns, no glory
        744 22  -  Joel Achenbach explains why Bill Clinton is getting little credit for waging peace, rather than war, in Haiti Joel Achenbach Washington Post PRESIDENT Bill Clinton is learning something few people understand intuitively: Peace is Hell. Peace is one of those things we love but don't really
        Washington Post  -  744 words
      • Article
        Those owning HLF shares before July 28 would not have fared better
        355 22  -  LETTERS TO THE EDITOR Peter Chia Manager, Public Affairs Stock Exchange of Singapore WE REFER to Philip Toh's letter, "Raw deal for local shareholders" (BT, Aug 27-28). When Hong Leong Finance Ltd (HLF) shares neared the foreign limit
        355 words
      • Article
        Why are trade-related costs so high here?
        165 22  -  Brian S Gazeley c/o The Wcslin Plaza Hotel Singapore 0617 -1 ARRIVED recently in Singapore after nine years as an expatriate businessman in Hongkong. I am delighted to be assigned to this beautiful and cosmopolitan city Singaporeans' friendliness and work ethic have already
        165 words
    • VIEWPOINT
      • Article, Illustration
        No more sleeping partners
        2439 23  -  isjlfik THE RAFFLES "J" CONVERSATION Shahrizat Abdul Jalil, lawyer, businesswoman, and rising Umno politician, talks to Margaret Thomas about the new Malays and their rapport with the other races in Malaysia. And about the need for businesswomen to push ahead in a largely male domain Margaret
        2,439 words
      • Article
        It's time to do away with the gender bias
        523 23 SHE's chaired two listed companies Island and Peninsula Bhd, and Austral Enterprises Bhd for a couple of years now, and served on their boards since 1986. But Shahrizat Abdul Jalil doesn't really want to talk about corporate manoeuvring in Malaysia. She'd
        523 words
      • Article
        Starting from scratch
        479 23 SHAHRIZAT Abdul Jalil's childhood was a very comfortable one. Her father had a successful shipping business, and the family lived well. "I went to school in a chauffeur driven car one of the few girls to do so. Then suddenly, in Form One, I had to take
        479 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Sap 26-30)
          62 24 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Daiwa Securities, DBS Asset Management, Kay Hian James Capel, Morgan Grenfell Asia, Nomura Research Institute, OCBC Investment Research, Peregrine Securities, Phillip Securities, S G Warburg, Smith New
          62 words
        • Article
          Buy!
          190 24 (JOB Securities (Sep 23) Lim Kah Ngam. A series of property development projects will keep company busy till FY97. Property development expected to contribute at least 50 per cent of group's pre-tax profits. PER of 13.5x. Goldtron. Future earnings are expected to be boosted by its launches of new
          190 words
        • Article
          Subscribe
          87 24 Daiwa Securities (Sep 23) Pokka (Corp) Singapore. Not paying technical royalties on new products manufactured in-house lift margins. Its oolong tea caters to the health-conscious. Expanding into China and Malaysia, the latter helping to avoid 40 per cent Malaysian import tariffs and easing Singapore plant's capacity tightness. Note: The
          87 words
        • Article
          What's ahead
          110 24 Mon, Sep 26. Singapore: Pokka Corp Singapore's public offer closes. Tue, Sep 27. Washington: Federal Open Market Committee meeting. Markets fear they may announce the sixth US interest rate hike. Wed, Sep 28. Singapore: Pokka Corp Singapore s shares traded on "when issued" basis. Washington: August durable goods
          110 words
        • Article, Illustration
          In my opinion...
          238 24  -  David Chang Head of research PT Sigma Batara 4411 7 e remain upyV/ beat on the In- T donesian stock market and expect the market to scale new heights by the first quarter of next year. The Jakarta Stock Exchange Composite Index is finding solid support at
          238 words
      • Article, Illustration
        It's no joy ride on the see-saw in Singapore
        555 24  -  Joyce Quek on the fun and games pushing share prices up and pulling them down again r*n raicino ratpc fi Joyce Quek Malaysian deals and fears of another US interest rate hike dominated the bourse this week. The former pushed share
        555 words
      • Article, Illustration
        How the bull will fare in tiger territory
        833 24  -  Shiv Taneja on a brokerage's report of four Asian markets Shiv Taneja THE SINGAPORE stock market should grow by at least 20 per before the end of the year despite the fact that it has "shown a decided tendency to drag its
        833 words
      • Article
        Why punters are making a beeline for four China H-shares
        665 24  -  High demand and higher prices make them among the best bets. Schutz Lee has the details Schutz Lee FOUR Chinese companies listed in Hongkong have proved that it is still possible to rise above China's high-inflation environment, going by their
        665 words
      • Article, Illustration
        Lock icon Is that a bull or a bear?
        604 25  -  Eye on the region Martin French advises small investors how to spot a rally or a downward trend from afar Martin French The writer is the chief representative of Credit Lyonnais Sec urities (Malaysia) Foreign institutions still hold the key to the Kuala
        Source: Bridge Info  -  604 words
      • Article
        M'sia to see start of building boom
        881 25  -  Contractors can expect an MsBBb bonanza. Elaine Koh reports Elaine Koh THE FAMINE may soon be over for Malaysia's construction companies as an even bigger bonanza of contracts awaits them in 1995, says a recent report by Zalik Securities. Now that major projects
        881 words
      • Article
        Your guide through the balance sheet and profit & loss statement
        725 25 Your guide through the balance sheet and profit loss statement LEARNING IF YOU have ever wondered what all those terms in a balance sheet mean, look no further. The balance sheet is a snapshot of a company's financial position at one point of time. This statement shows what it owns
        725 words
      • Article
        ACU deposit rates offered by various banks (as at Sep
        710 25 Deposit amount 1-wk l-mth 3-mth 6-mth as 10.000 49.999.99 4.0000 4.8125 5.0000 5.5000 50.000 Above 4.0000 5.0000 5.1250 5.6250 Dink 10.000 49,999.99 4.0000 4.2500 4.3125 4.4375 50.000 Above 4.0000 4.5000 4.5000 4.6250 HKS 50,000 99,999.99 3.0000 3.8750 4.1875 4.5000 100.000
        710 words
    • Article, Illustration
      Going beyond stereotypes
      759 26  -  Cinema Review By MICHELLE LOW THE SO-CALLED generation X has a bit of a bad rep. It's full of self-conscious young people who are born with a silver spoon in their mouths, weaned on MTV and are forever whinging about making statements. So a film about these
      759 words
    • Article, Illustration
      Social commentary
      706 26  -  By MICHELLE LOW AS FAR as contrived titles go. Poetic Justice takes the cake. The heroine's name is Justice, and she writes poetry. Geddit? If the rest of the movie were as to the point as its title, one might overtook it. It's not. Poetic Justice is a
      706 words
    • Article, Illustration
      Confessions of a reluctant superstar
      2001 26  -  Harrison Ford doesn't gush, Hollywood-style. But neither is.he reticent about the things that matter to him. as Fionnuala Halligan discovers when she finally meets the pu icity-s y Fionnuala Halligan The writer is a Hongkong-based journalist who contributed this article to Executive Lifestyle Harrison ford
      2,001 words
    • Article, Illustration
      Nature study
      734 26  -  ExMbitions By PARVATHI N NARAYAN VENTURE. An upward ending question mark in veined white Carrara marble. It speaks of the business of life; venturing to live life fully, being part of the adventure. Taking risks. The sculpted marble is so fine that you ask, "How did it not
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    • Sports
      • Article, Illustration
        Lock icon Ballesteros, Singh share first round lead in Lancome Trophy
        275 28 Golf AP ST-NOM-LA-BRETECHE, France Severiano Ballesteros took advantage of a late entry to take a share of the lead on Thursday after the first round of the Lancome Trophy Golf Tournament. A four-time Lancome Trophy winner, Ballesteros didn't qualify and was
        AP; Reuter  -  275 words
      • Article
        Lock icon Wrenn in front at Hardees Classic
        252 28 AP COAL VALLEY, Illinois Robert Wrenn's golf career has carried into other areas of the game. He's designed a course and he's done some colour work on TV, once working a tournament in which he was also a participant. Now, at age 35, the
        AP  -  252 words
      • Article, Illustration
        Lock icon Tennis greats gather to bid Gerulaitis goodbye
        216 28 AP OYSTLR BAY, New York Tennis greats gathered on Thursday morning for the funeral of Vitas Gerulaitis, a ceremony that turned into an emotional odyssey of mirth, sorrow and memory. "Forty years was not long enough for Vitas to live, but it was
        AP; Reuter  -  216 words
      • Article
        S'pore Rolex polo team clinches place in final
        221 28  -  ROLEX -By Juliette Walker SINGAPORE The Singapore Polo Club's Rolex team successfully defended its home turf yesterday to secure a place in Sunday's play-off for the Rolex International Trophy. In a second, exciting day of stickwork. the Singapore Rolex team battled to
        221 words
      • SPORTSHORTS
        • Article
          Lock icon Golf
          205 28 AFP Reuter PARIS Ijincome Trophy first round on Ihursda) (Britain-Ireland unless stated): 65 Vijay Singh (Fiji). Scvcriano Ballestcros (Spn); 67 Miguel Angel Jimenez (Spn); 68 Joakim Haegman (Swe). Nick Faldo. Paul Bales. Lan Woosnam. Jose Maria Olazabal (Spn). Frank Nobilo (NZ); 69 Garv Orr. Howard Clark. Gordon Brand Jr.
          AFP; Reuter  -  205 words
        • Article, Illustration
          Lock icon Snooker
          28 28 AFP MOTHERWELL, Scotland Scottish Masters quarter-finals on lhursda>: Ken Doherty (Rep of Ireland) b Mike Hallett (Eng) 6-4: Stephen Hendry (Scot b Jimmy White (Eng) 6-3. AFP
          AFP  -  28 words
        • Article
          Lock icon Tennis
          145 28 Reutcr TOKYO US Open champion Arantxa Sanchez Vicario wasted little time and effort in breezing into the semifinals of the USS4OO.OOO Nichirci women's tennis tournament yesterday. The top-seeded Spaniard stayed on course for her seventh title ol the season when she emphatically outclassed unseeded American Marianne Werdcl 6-4 6-0
          Reutcr  -  145 words
        • Article, Illustration
          Lock icon Soccer
          55 28 AP NEW YORK Major League Soccer, the proposed US firstdivision league set to start play next spring, has invited the seven American Professional Soccer League franchises to join the new venture. APSL commissioner Richard Groff said on Thursday night. Groff said the memorandum was sent by the US Soccer
          AP  -  55 words
    • PEOPLE
      • Article, Illustration
        Golfing with the president
        194 28 President Ong Teng Cheong was among more than 120 golfers who did their bit for charity and enjoyed an invigorating game of golf at the Raffles Country Club recently. They were participating at the Lions Charity Golf Tournament 1994 which is sponsored by property consultant Richard
        194 words
    • TIME OFF
      • Article, Illustration
        Lock icon Hot stuff from the original king of rock n roll
        817 29  -  Chuck Berry did not let John Swenson down when he performed at one of New York's finest music clubs. The singer showed he could still fire up a crowd John Swenson UPI Chuck berry is one of the most enigmatic
        UPI  -  817 words
      • Article
        PERFORMANCES
        363 29 Death and the Maiden The Stage Club presents the first "non-professional production" of this "modem psychological thriller" that sees an interned political activist seeking revenge on those who mistreated her (read: rape) and destroyed her life. This R(A) drama is directed by an Indian national, Subin Subaiah. Today, Bpm
        363 words
      • Article
        CONCERTS
        416 29 Rach Cyde Choo Hoey leads the SSO in this concert that features Kong Xiang Dong on piano as they perform works by Sergei Rachmaninov. Kong Xiang Dong won the Sydney Piano Competition in 1991 and has been a regular visitor to Singapore since. Today. 8.15pm at the Victoria Concert
        416 words
      • Article, Illustration
        FILMS
        226 29 Omnimax Movies Tropical Rainforests Experience the everyday existence of the rainforests of Costa Rica, Queensland and Malaysia and the inhabitants of these forests from the point of view of a bug. Show times: I lam. 3pm and 7pm (Mandarin). Tickets at $8 for adults and $4 (for children below
        226 words
      • Article
        EXHIBITIONS
        986 29 Home Exhibition '94 Or Homex 94, features a slew of household items from furniture to furnishings and other such home appliances. Till Sep 25. 12pm to lOpm at the World Trade Centre Hall 7. Recent Works This is actually a collection of 35 works done by Chng Nai Wee,
        986 words
      • Article, Illustration
        TALKS
        225 29 Forum for the Arts: The Art of India The forum will hold discussions concerning the history of the artforms. how to develop a collector's "eye" and discern quality, how to begin collecting. or how to expand an existing collection. The first guest speaker is Usha Ramamrutham from Bombay, who
        225 words
      • Article
        MISCELLANEOUS
        124 29 Dragon Kids English Headstart Programme For children born in the Year of the Dragon, or rather, those who would be starting Primary 1 next year. Fun English speech lessons will be conducted by Melvyn Chew (he of Ra Ra Show fame) and Koh Chieng Mun. From mid-August to November;
        124 words
      • Article
        AT THE SUBSTATION
        230 29 Our Place in Time An exhibition of items contributed by Singaporeans from all walks of life. See the familiar with the unique that encompasses the Singaporean heritage and that which is what Singapore is made of; its people. Till Sep 25. at the Gallery. Memories of Senses
        230 words
      • Article
        GOETHE-INSTITUT
        58 29 An Evening of Piano with Heidrun Hottmann Second in the concert series featuring four outstanding young German pianists. Heidrum Holtmann will perform works by Robert Schumann. Alexander Scriabin and Maurice Ratel. Oct 12, Bpm at the Jubilee Hall. Raffles Hotel. Tickets at $6 (free seating) are available at Goethe-lnstitut
        58 words
      • Article
        TICKETING
        142 29  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall. Ginza Junction 8. Liang Court, Raffles City. Scotts. Specialists Centrf. Takashimaya. Cold Storage at J?lita and World Trade Centre. Also at the Victoria Concert Hall Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores.
        142 words
    • EPICURE
      • Article, Illustration
        No-frills Italian delight
        955 30  -  Bon Appetit By VIKRAM KHANNA OK, LET'S get our priorities straight. If you're looking for crystal and candlelight and things of that ilk, forget this joint. For a start, it's tucked away in what must be one of the sleepiest malls in town Crowne Centre (on the
        955 words
      • Article, Illustration
        Updating an old legend
        491 30  -  By JAIME EE YOU'VE seen the bullet holes in the newspaper ads. Now meet the guy who put them there Pancho V, a late 19th century Mexican Robin Hood who reputedly fought a despotic government to help his fellow villagers. But Pancho Villa (pronounced 'viyah') could
        491 words
      • Article
        Reliable performer
        775 30  -  Wine By N K YONG THE BEST view of Cos D'Estoumel is from the dining room of Chateau Lafite, Jean-Guillaume Prats, son of present owner Bruno Prats, told me during a recent tasting of the Chateau's wines that he presented here recently. Which explained why I had not
        775 words
    • Article, Illustration
      Cinema
      1039 32 Beyond Bedlam. British horror film about a group of people who have realistic erotie dreams, and who start dving. Changi: II: I.JO: 4; 7; 9 15. Blown Away. Tommy Lee Jones is a mad bomber out to make bomb defuser JctY Bridges miserable. More a damp squib than a
      1,039 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      117 21 *].</{|@=={>^[/~{};-({"=^*];=:> REVERSO. H AVANT-GARDE SINCE 1931. H In Jaeger- H LeCoultre an- I NOUNCED A WRIST- jjk H WATCH TO BE I SPORTS I THE DRAWING ROOM. V I The Jr I OF REVERSED I PROTECTS AND H A 4 I FLAWLESSLY I MACHINED fl FITS SNUGLY TO YOUR H
      117 words
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      247 22 VITAL Investing on fundamentals or punting for I a quick profit it pays to know about a company before putting in your money. Company Spotlight lets you gen up on hot stocks. It gives: Key information about the company, including its financial position over M several years and its future
      247 words
    • Advertisement
      Page 22 Advertisements Column 2
      40 22 C BT welcomes r J letters from you. S k Please address them f to: The Kditor, J Business Times, C r 390 Kim Seng Rd, J S S'pore 0923. letters C r should include your J > contact numbers. 1
      40 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      42 22 gSaSBESSHS[ difficult T 0 OPVTCH OJT TOP p,rl cßosseo...- Nouß <=t*3efcs j PnßNP<brr>o4TS PvbCOT.. A K- C R.OSSCD ,F VOU 73 I NOUR JOB mLP N6OR C Hg*P Ps)4D KZ£Pj~^ C *—OQATID WWWI ITB. HM-WW 9277 POONESBURY GARRY TRUDEAU weu.v*CAu-iri>tfeoHfS I..fMiwrvAlOMS "-gra<A')
      42 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      207 27 V 11C UllliAJ Blank has regional offices in Beijing, Tokyo, Hong Kong, Morta and n k|i/ lc with a wide range of services to cater to your (T|LjTAT LEE BANK 11 support. See a Tat Lee Banker today or call for more details. Il| M > there I was at
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      141 30 Managers of 1 pubs discos. I I Want an idea that 1 i By °SS S Tay 8 fl L *****14 I M jkii A sumptuous and delightful spread of afternoon hi tea delicacies awaits you at the Cafe Aladdin. Choose from a tempting variety fish or chicken porridge, stew
      141 words
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      Page 30 Advertisements Column 2
      19 30 HIGH STAKES Don't get shortchanged, IpO g° fora coverage I you can bank on. Financial News. Everyday. Business Times
      19 words
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      Page 31 Advertisements Column 1
      1090 31 MnHling A BlltL where to wine, dine and ehtertmn OF FRESPfI .PASTA bAILY. W From Pasta Fresco. Tho only restaurant to make Its own specialty pasta. Fresh. everyday. Savour perfect pizza, Qreat gelatl ond terrlfk: tiramlsu. All topped with Italian hospitality. Pasta FnKo Oa Solvofo»« Pl» IW 30 Boot Quay.
      1,090 words
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      Page 31 Advertisements Column 2
      380 31 IOH *7he *7ir«t tTwne f/n tifytjafrorei I t-7he xfhtuyjAai GBeaee fflole/ I OM fjfazz fj&asi(/ <£• GVie/x Gome tJo tToton I September 30 till October 9, So don't miss out on this rolling good time! I Make your reservations at 831 6262/3 today. BIS «*<_. BEIJING RESTAURANT aH— r'a lam
      380 words
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  • Page 32 Miscellaneous
    • Miscellaneous
      Page 32 Miscellaneous Column 1
      2381 32 TODAY'S TV Hearth and Beauty Show. 930 6 30 10.00 KeuftJO tCMa(M). King Bld..rd 11. 11.20 am, Travels ALa Cart., 6.30pm. tfS&t. !£2 SBCI2 730 Berita 2 (M). 12.15 PM Ketab Retnaja AngKaDcrck Jacobi is superb as the Sophie Grigson and husband 8.00 Horizon. sapuri(M). 1 carefree king of England,
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