The Business Times, 22 October 1994

Microfilm: NL19583
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    11 1 SINGAPORE Business Times MITA(P) 010/12/93 Weekend Edition, October 22-23 1994 75'
    11 words
  • Article
    Six professions to set pay for ministers and civil servants
    732 1  -  By Chuang Peck Ming SINGAPORE The incomes of the top four earners in six professions banking, accounting, engineering, law, local manufacturing firms, and multinational corporations will set the long-term salary benchmarks for ministers and senior civil servants, a government White
    732 words
  • Article
    Lock icon Dollar rebounds after US official hints at intervention
    403 1 Bloomberg Business News NEW YORK The US dollar rebounded from a postWorld War II low against the yen in early New York trading after Treasury Undersecretary Lawrence Summers said yesterday the US would buy dollars, if necessary, to stem the currency's slide.
    Bloomberg Business News  -  403 words
  • Article
    Lock icon Dow down 28 points
    76 1 Reuter NEW YORK Stock prices were on the defensive for the second session in a row yesterday, pressured by a weak dollar and the strength of long-term bond interest rates. At Ipm EDT, in the broader market, declining shares led advances 2-1 on active trading of
    Reuter  -  76 words
  • Article
    Demand in high gear for Mercedes cars
    435 1  -  By Ramesh Divyanathan SINGAPORE The demand for Mercedes Benz cars is COE-proof, you could say. The German marque continues to register high new car sales, with some 1,100 Mercedes sold in the third quarter, according to figures from the Motor Traders Association. Its
    435 words
  • Article
    Catching up with the private sector
    348 1 I In* public fetor pty will be pegged to private fctortmlt ESSSSBS3B Minister* Senior Civil Servants (Staff Grade 1) Two-thirds the average earned income of the 4 best-paid individuals in banking, accounting, engineering, law, local manufacturing companies, and multinational corporations. In 1992, the average
    348 words
  • Article
    PM Goh on why private sector should lead
    214 1  -  From Walton Morais in BERN THE private sector should always lead the way in salaries because it has profits to worry about, says Prime Minister Goh Chok Tong. "The private sector must set the pay for the Singapore economy, and then the
    214 words
  • Article
    MARKET SUMMARY
    164 1 Stock market indices Friday Chance STII 2,377.45 -4.80 KLSE Comp 1,114.42 -9.97 Nikkei 19,899.08 -92.82 Hang Seng 9,338.59 -50.19 SET Index 1,522.48 +0.87 Jakarta Comp 514.97 -3.79 CLSA China B ....1,156.80 -2.04 Aust All Ord 2,034.6 +18.3 FTSE 100 3,063.2 +2.4 Friday Previous 2pm EDT close Dow Jones
    164 words
  • 2am LATEST
    • Article
      Lock icon US to delay Gatt implementation: Kantor
      65 1 Reuter WASHINGTON Trade Representative Mickey Kantor said the United States will delay implementing General Agreement on Tariffs and Trade (Gatt) accords that affect agriculture until July 1 next year in line with the European Union. Other sections of the Gatt accord will take effect
      Reuter  -  65 words
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      Page 1 Advertisements Column 1
      19 1 Lifestyle Cover Story: el 1 Charles-Di publicity battle wfgKLw Profit growth of regional airlines bucks world trend, Pg 2
      19 words
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      Page 1 Advertisements Column 2
      7 1 Australian properties: el 5 The good buys
      7 words
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      Page 1 Advertisements Column 3
      60 1 Hock Lock Siew: Pg 6 XU Tycoons scaling back China i/G&mieftt? CONTENTS News Compmm S pore News 2 Spore/If sa 6 Regional News J Regional Wort) ._/A9 Work) Region News 4.5 Features Markets Opinions EL2 Cwrencw 10 Corporate ProMe _H3 Sww/Commrtbes 11 Sports -..Hi Wort) Regional .12.13 Epicure ttlO dob/HtSE
      60 words
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      Page 1 Advertisements Column 4
      204 1 The Raffles Conversation: el 3 —~r->, Economist and jgAk political scientist jfl Ervin Easzlo j t jflk i jp/ ■».„.■'< SUCCESS CHRONOGRAPH J SUCCESS A form that is strikingly simple, a totally new BttH design that has already become a classic this is the master's touch of Gerald Genta in
      204 words
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  • SINGAPORE NEWS
    • Article, Illustration
      Lock icon 25% profit rise by regional carriers flies in the face of world trend
      537 2  -  Orient Airlines Association's assembly of presidents Reports by Rahita Elias THE 15 members of the Orient Airlines Association chalked up a 25 per cent rise in net profit to US$7O2 million (551.03 billion) last year, in contrast
      Photo by Chris Loh  -  537 words
    • Article
      Committee set up to study aero-political issues
      287 2 THE Orient Airlines Association (OAA) has formed a Steering committee to tackle aero-political issues, in line with its new proactive approach. When OAA was formed in 4966, it aimed to provide a forum for examining issues on the development of the airline industry
      287 words
    • Article
      Court ruling puts end to boatel firm dispute
      256 2 A HIGH COURT ruling seems to have put an end to a dispute between the founding members of North Shore Marina the syndicate which won a tender to develop a boatel at Punggol. Legal proceedings by three members of the syndicate against
      256 words
    • Article
      Error made in calculating profit members can withdraw: CPF
      210 2 THE Central Provident Fund (CPF) said yesterday that there has been an error in the calculation of the amount of profit that its members could withdraw from their investment accounts. Agent banks had failed to deduct accrued interest on balances left
      210 words
    • Article
      Deal gives handphone users access to China
      187 2 MOBILE phone users will soon be able to operate them in China. Singapore Telecom has signed a master roaming agreement with China's DirectorateGeneral of Telecommunications under the Ministry of Posts and Telecommunications. The agreement allows Telecom to establish roaming arrangements with various provinces
      187 words
    • Article
      Green could be the colour of money for S'pore
      342 2  -  By Juliette Walker SINGAPORE was emerging as a research and development base for environmental technology, an Economic Development Board officer said yesterday. The board's senior officer for industry development, Koh Kok Sin, said: "Our track record in environmental management also puts
      342 words
    • Article
      Crackdown on drivers who ignore summonses
      197 2 THE authorities will take tougher action against drivers who repeatedly flout parking rules and ignore summonses and arrest warrants. A statement issued jointly by Ministry of National Devel-, opment, Ministry of Home Affairs and Ministry of Communication yesterday said drivers with outstanding warrants of
      197 words
    • Article
      Sembeth ordered to hire safety officers, educate workers after fatal shipyard fire
      265 2 THE Ministry of Labour has ordered Sembawang Bethlehem Pte Ltd (Sembeth) to beef up checks and educate its workers on safety aspects following an inquiry into a shipyard explosion in which five people died. The ministry appointed a
      265 words
    • Article, Illustration
      Lock icon Corrections & clarifications
      64 2 Corrections clarifications IN yesterday's 'Eye on the Economy' column, we inadvertently ran the wrong chart. It should have been the above chart. We are sorry for the error. With regard to the article "TAS shortlists 8 for mobile phone tender" on Oct 20, the Telecommunication Authority of Singapore has clarified
      Source: MAS  -  64 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      336 2 9agap*rc Hazy, shower; over a few areas m the afternoon (Temperature 25-32) ma.- Caa4. Em l*l«* Cm*. ftjsnoaMm 24/13 Cloudy 10/10 Cloudy Amsterdam 09/06 Cloudy ri y w/24 rsZZ A theos 12/13 Showars Hare** 2*24 Ban*c* r 09/02 Cloudy Houston 29/19 Cloudy lew.. 09/04 CxxxJr las Ve»a 28/14 Sum, Bpmtoay
      336 words
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  • THE REGION
    • Article
      Asean view sought on Europe talks
      469 3  -  PM Goh in Switzerland France may promote idea for informal summit when it takes over EU chair, says PM Reports by Walton Morais in BERNE PRIME Minister Goh Chok Tong will sound out his idea for "an informal summit" between Europe and Asia with
      469 words
    • Article
      Economics the new driving force in international relations
      486 3 BERNE Prime Minister Goh Chok Tong said reactions during his European trips this year had shown that economics was the new driving force in relations between countries and that Europe was adjusting its economies to opportunities arising from the Asian boom. Mr
      486 words
    • Article, Illustration
      Lock icon 32 die as S Korean bridge collapses and vehicles plunge into river
      516 3 AP Reuter SEOUL A large section of a recently resurfaced bridge collapsed during morning rush hour yesterday, sending a packed city bus, a minivan and cars plummeting into a river below. At least 32 people were killed and
      AP; Reuter; AFP  -  516 words
    • Article
      Lock icon Exports fuel 21% rise in Chinese light industry output
      174 3 Bloomberg Business News BEIJING China's light industry output rose 21 per cent to 1.6 trillion yuan (***** billion) in the first eight months of this year against the yearearlier period, driven by a surge in exports, the official China Daily reported
      Bloomberg Business News  -  174 words
    • Article
      Goh disappointed by US reaction to Lingle affair
      331 3 BERNE Prime Minister Goh Chok Tong said he was disappointed at American reaction to the Christopher Lingle affair which portrayed Singapore as trying to intimidate US citizens. Asked to comment on the US State Department's reaction and strident editorials in American newspapers,
      331 words
    • Article
      Sihanouk rejects APB boast about first brewery
      349 3  -  From Harish Mehta in PHNOM PENH CAMBODIA'S King Norodom Sihanouk has described as "absolutely unacceptable" a claim by Asia Pacific Breweries Ltd that its proposed brewery near Phnom Penh is the first international brewery in Cambodia. The King, who is recovering from cancer
      349 words
    • Article
      MIER revises M'sian growth forecast to 8.6%
      423 3  -  From Ho Kay Tat THE Malaysian Institute of Economic Research (MIER) has revised upwards its economic growth projection for Malaysia this year to 8.6 per cent from 8.2 per cent due to the robust performance of the manufacturing and construction sectors. In its
      423 words
    • Article, Illustration
      Lock icon Former Malacca chief minister cleared of sex charge
      282 3 AFP Reuter Bernama KUALA LUMPUR A former official in Malaysian Premier Mahathir Mohamad's government was cleared yesterday of a sex charge after legal authorities said there was insufficient proof to lay charges against him. There was insufficient proof to institute statutory rape
      AFP; Reuter; Bernama  -  282 words
    • Article
      Lock icon Jakarta raises electricity charges by 7.7%
      254 3 AFP JAKARTA Indonesia will raise electricity tariffs by an average of 7.68 per cent from next month, but rates to industry will remain regionally competitive. "Electricity tariffs for industry, although they will experience a rise, will be watched in order that they arc not
      AFP  -  254 words
    • Article
      Lock icon China to issue US$ 464m bonds
      77 3 Bloomberg Business News HONGKONG China will issue U*****.76 million (SS6S&36 million) worth of Eurobonds in the next two weeks to fund construction of a toll road around its capital, lead underwriters Lehman Brothers said yesterday. Pricing for the bonds will.be announced next week after
      Bloomberg Business News  -  77 words
    • Article
      Lock icon Suharto's daughter in tollway deal?
      102 3 Reuter JAKARTA Indonesian President Suharto's eldest daughter is set to clinch a multi-million-dollar construction deal, linking up with British builder Trafalgar House to build a toll road. The official Antara news agency yesterday quoted Minister of Public Works Radinal Mooch tar, who said the deal,
      Reuter  -  102 words
    • Article
      Lock icon Zhu Rongji relative robbed
      77 3 AFP HONGKONG The brother-in-law of Chinese vice-premier Zhu Rongji has been left stranded in Hongkong after falling victim to a pickpocket. Huang Chenggui, 68, a retired soldier from Taiwan, was preparing to take a train to the Hongkong-Chi-na border in Lowu when a pickpocket lifted Mr
      AFP  -  77 words
    • Article
      Lock icon US to rebuild Cambodian highway
      63 3 Reuter PHNOM PENH A US-sponsored US$24 million project to rebuild Cambodia's National Route 4 will begin next week, the US embassy said yesterday. The highway, which links the capital Phnom Penh to the southern port of Sihanoukville, was originally built as a US aid project
      Reuter  -  63 words
    • Article
      Lock icon S Korea urged to reform economy
      47 3 Reuter SEOUL South Korea must speed up economic liberalisation, especially rules on capital flow, if it is to meet its goal of joining the Organisation for Economic Cooperation and Development by 1996, Washington's OECD ambassador David L Aaron said yesterday. Reuter
      Reuter  -  47 words
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  • REGION/WORLD
    • Article
      Lock icon CIS states agree to closer economic ties
      429 4 AP UPI MOSCOW Leaders of a dozen former Soviet republics moved yesterday to establish closer economic ties but rejected a plan to transform their loose and unruly alliance into a closer union. Heads of state of the Commonwealth of Independent States signed an
      AP; UPI  -  429 words
    • Article
      Lock icon European telecom operators stymied by EU directive on cable
      473 4 Reuter AMSTERDAM European telecom operators' plans to hook up to the electronic highway through cable TV networks could be thwarted by the European Union. To promote greater competition, the EU wants its telecom firms to surrender their cable operations, even though
      Reuter  -  473 words
    • Article
      Lock icon Call for Americas summit to push for free trade in the region by 2000
      356 4 Reuter Bloomberg Business News CANCUN, Mexico Former US trade representative Carla Hills called on the Clinton administration and its regional partners to make the push for free trade across the Americas by the year 2000 a
      Reuter; Bloomberg Business News  -  356 words
    • Article
      Lock icon US, N Korea finally sign landmark nuclear accord
      362 4 AP GENEVA US and North Korean negotiators yesterday signed a landmark accord aimed at ending nuclear tensions on the Korean peninsula. The agreement, reached after more than a year of confrontation and start-stop negotiations and decades of suspicion and bitterness, commits North
      AP  -  362 words
    • Article, Illustration
      Lock icon Some golf tips for Stallone
      45 4 Reuter JAKARTA Movie actor Sylvester Stallone and Indonesia's President Suharto looking at a fairway during a game of golf in Jakarta yesterday. The Rambo star is in Indonesia for the opening of a Planet Hollywood restaurant in Jakarta today. Reuter
      Reuter  -  45 words
    • Article
      Lock icon EU ministers settle budget after Italy, Spain bow to milk fine
      250 4 Bloomberg Business News BRUSSELS European Union finance ministers reached a settlement with Italy on increasing the EU's budget afler Italy and Spain agreed to pay jointly a record US$4.l6 billion (556.2 billion) fine for producing too much milk. Rome
      Bloomberg Business News  -  250 words
    • Article
      Lock icon Top Chinese official signals vote of confidence in Shanghai stock market
      373 4 Reuter SHANGHAI A top Chinese leader has heaped praise on the Shanghai Stock Exchange, a local newspaper reported yesterday, signalling an important vote of confidence in the embattled market. Hu Jintao, a member of the all-powerful Standing Committee of
      Reuter  -  373 words
    • Article
      Lock icon EIU report forecasts German-style reunification for Korea
      230 4 Reuter HONGKONG A report published by the Economist Intelligence Unit forecasts the collapse of North Korea and reunification of the peninsula through German-style absorption of the North by the South. Written by Aidan FosterCarter, director of the Leeds University Korea Project in Britain,
      Reuter  -  230 words
    • Article
      Lock icon Indonesia sets four-year deadline to stop forest fires
      219 4 AFP KUCHING Jakarta announced yesterday it had launched a plan to stop Indonesian forest fires that have been damaging the region's environment, but said it would take up to four years for the programme to be implemented. "I'd like to stress that
      AFP  -  219 words
    • Article
      Lock icon Asian spies targeting Australia, says security service
      408 4 Reuter CANBERRA Australia's security service says the country is a target of espionage sanctioned by Asian governments and is being used as a source of technology by some countries seeking weapons of mass destruction. "Australia continues to be a focus for espionage activity
      Reuter  -  408 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      122 4 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 r CAREER oppoerawrtEg IN INDONESIA A leading Jakarta Securities firm is looking for qualified candidates with I university degree for the following positions: Degree in Finance or Business preferred Minimum 3 years experience in Equities Sales or Securities Analyst Must be highly
      122 words
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  • THE WORLD
    • Article
      Lock icon US to order detailed review of derivatives held by banks
      425 5 NYT WASHINGTON The US Treasury Department plans to order its bank examiners to conduct much more detailed reviews of bank holdings of derivatives, a senior treasury official said. The examiners would be given a volume of instructions on how to
      NYT  -  425 words
    • Article
      Lock icon US unveils revolutionary light bulb that will save billions of dollars
      366 5 The Washington Post WASHINGTON The Department of Energy has unveiled what it called "a revolutionary 21st Century" lighting system that uses a bulb of sulphur bombarded by microwaves to produce bright illumination resembling sunlight and does so at a
      The Washington Post  -  366 words
    • Article
      Lock icon France lifts GDP forecast on strong consumer demand
      348 5 Bloomberg Business News PARIS An unexpected revival in consumer demand will help boost France's economic growth to a higher-than-expec-ted 2.2 per cent this year, the French national office of statistics said. The announcement marks the third time the government has ratcheted up
      Bloomberg Business News  -  348 words
    • WORLD WATCH
      • Article, Illustration
        Lock icon Clinton signs US$l lb education plan
        110 5 Bloomberg Business News WASHINGTON US President Bill Clinton signed an US$ll billion (5516.2 billion) education overhaul plan into law at Framingham High School in Massachusetts on Thursday, marking the nation's largest ever single infusion of cash into kindergartens through high school education. The Elementary
        Bloomberg Business News; Reuter  -  110 words
      • Article
        Lock icon S Arabia still plans US$ 6b plane buy
        79 5 AFP SEATTLE US Treasury Secretary Lloyd Bentsen said on Thursday here Saudi Arabia still planned to buy US$6 billion in planes but was debating over what period of time to repay the debt. "Insofar as the (deal) for the planes, they're still
        AFP  -  79 words
      • Article
        Lock icon More Swedes will vote for EU: poll
        72 5 Reuter STOCKHOLM More Swedes say they will vote in favour of joining the European Union in the Nov 13 referendum, but the country is still deeply divided on the issue, an opinion poll published yesterday showed. Support for EU membership rose by 5
        Reuter  -  72 words
      • Article
        Lock icon Germany to offer nuclear reactor site
        66 5 Reuter BONN Germany hopes to persuade the United States, Russia, the European Union and Japan that a jointly developed 10 billion mark (559.9 billion) experimental nuclear fusion reactor should be located on its soil, the government said yesterday. Bonn plans to offer a site
        Reuter  -  66 words
    • Article, Illustration
      Lock icon Sewage by sunset
      51 5 Reuter PORT-AU-PRINCE The scene appears idyllic enough: A man fishing for crabs against a backdrop of the twinkling sea at dusk. But the beauty is shattered by the knowledge that the man was wading through a sea polluted by sewage that flows from coastal slums in Port-Au-Prince.
      Reuter  -  51 words
    • Article
      Lock icon Sell off German shares in wake of Kohl victory
      309 5 Reuter BONN Analysts for Germany's biggest bank, Deutsche Bank, were quoted by a newspaper on Thursday as telling investors to sell German stocks because national elections had weakened Chancellor Helmut Kohl's ruling coalition. A Deutsche Bank spokesman contacted by Reuters said
      Reuter  -  309 words
    • Article
      Lock icon SEC disciplines former execs of First Capital Holdings
      319 5 Bloomberg Business News WASHINGTON The Securities and Exchange Commission (SEC) has disciplined two former executives at First Capital Holdings, a Los Angelesbased financial services company that filed for bankruptcy in 1991. First Capital Holdings sold life insurance and annuities through its subsidiaries.
      Bloomberg Business News  -  319 words
    • Article
      Lock icon US, EU spar over Gatt panel rulings on steel
      378 5 Bloomberg Business News WASHINGTON The Clinton administration has played down the importance of a world trade body ruling on retaliatory duties the US placed on European steel products. The US interpretation of the ruling by the dispute settlement panel named by
      Bloomberg Business News  -  378 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1382 5 ag nm na nm n®_ HfcM GA976 0010 Amtartfam SQ25 0630 KL838 0001 KLB37 1550 GA890 0025 kucUani NZ21 1735 NZ22 1850 B Sori Bmiwm ***** 1105 SQ182 0915 SQ181 1410 BM22 1210 B1429 2030 Bt430 2125 BMfktk KE631 2120 SRI83 2205 SQ67 2200 SK972 2220
      1,382 words
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  • COMPANIES & MARKETS
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        18 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance Investment section)
        18 words
      • Article, Illustration
        HOT STOCK
        147 6  -  By Paul Leo HONG FOK Corporation fell 2 cents to $2.56 yesterday in heavy trading following a 31-cent surge in the previous two days. Yesterday's volume of 3.02 million shares was 41.8 per cent more than the previous day's 2.13 million units and nearly four times the 10-day
        147 words
    • Article
      Acidchem to be road toll operator after big revamp
      450 6  -  From Ho Kay Tat in KUALA LUMPUR CHEMICAL firm Acidchem (M) Bhd will become a big road toll operator in a restructuring involving acquisitions and a proposed four-for-five bonus issue. The company said yesterday it intended to buy the concession agreement
      450 words
    • Article
      CDL Hotels spends US$ 96m in New York
      282 6 SINGAPORE CDL Hotels International has exercised its 'option to buy a hotel in New .'York for US$96 million (SSI4O million). The company signed an agreement on Thursday to buy the 639-room Hotel Macklowe .'from New York City developer Harry Macklowe. v The
      282 words
    • Article
      Kuok awards A$ 125m Market City project in Sydney to Aussie builder
      359 6 THE Kuok Group of Malaysia has awarded a Asl2s million (S$ 135 million) contract to Melbourne-based Grocon Pty Ltd to build the Market City project in Sydney. The contract is one of the largest awarded in Sydney in
      359 words
    • Article
      Lock icon Petronas strikes M$ lb gas deal with Tenaga
      233 6 AFP KUALA LUMPUR Petronas, Malaysia's national petroleum company, has signed a 20-year deal with energy giant Tenaga Nasional to supply the latter with gas for generating electricity. The pact, sealed yesterday, was estimated to be worth Msl billion (***** million) a year,
      AFP  -  233 words
    • Article, Illustration
      Tycoons' moves point to need for caution on China
      635 6  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE Are prominent Chinese investors Li Ka-shing and Robert Kuok becoming more cautious about investing in the mainland? Both Mr Li, often called Hongkong's richest man. and Mr Kuok, owner of the Shangri-La hotel
      635 words
    • Article
      Goldtron sells out of LJ Investment to LJ managers for $56m
      303 6  -  By Paul Leo SINGAPORE Goldtron has sold its entire stake in LJ Investment Holdings to the latter's management for 556.64 million. Goldtron said yesterday it would sell 12 million LJ Investment shares, or 80 per cent of LJ Investment's
      303 words
    • Article
      Osprey takes US$ 8.7m loss on conversion of yen loans
      133 6 SINGAPORE Osprey Maritime has converted long-term Japanese yen loans into US dollars, incurring an exceptional loss of US$B.7 million (5512.8 million). The decision was made as the yen continued to rise against the US dollar. The conversion, however, will increase
      133 words
    • COMPANIES
      • Article
        Lock icon Westmont units plan bonus issues, share option schemes
        436 7 MBT KUALA LUMPUR Westmont Bhd and Samanda Holdings Bhd, which are both part of the Westmont Holdings Group, are proposing to have bonus issues and share option schemes and the former has also proposed a rights issue. Westmont, which owns Sabah Shipyard
        MBT  -  436 words
      • Article
        Lock icon Ayala ropes in Mitsubishi, Marubeni for Manila land bid
        339 7 Bloomberg Business News MANILA Japanese trading companies Mitsubishi Corp and Marubeni Corp have joined the consortium of Ayala Land Inc bidding for the redevelopment of prime land near the Makati business district. Also signing up with the Ayala consortium are Hongkong's
        Bloomberg Business News  -  339 words
      • Article
        Untitled
        805 7 Payment Ex Books Pay date close date Acma I 10 Oct 17 Oct 21 Nov 3 AMDB 50* b 3 Sep 15 Sep 29 Oct 28 Antah Hldgs 50* b 6 Nov 23 Dcc 7 Jan 5 Boustcad 50* F 11.5 Nov 16 Nov 30 Dcc 30 Burwill 10* F
        805 words
      • Article
        Lock icon Dharmala in talks to make 3 Philippine acquisitions
        185 7 Reuter HONGKONG Dharmala Philippines Inc, which is 40 per cent-owned by Hongkonglisted Dharmala Holdings Ltd, said on Thursday it is negotiating to buy stakes or full equity in a commercial bank, a foodmanufacturing company and a "pre-need" company in Philippines. Conclusion of
        Reuter  -  185 words
      • Article
        Lock icon Nithipat Capital's 3rd qtr net profit nearly doubles
        170 7 Bloomberg Business News BANGKOK Nithipat Capital pic said yesterday its net profit for the three months ended Sep 30 rose 94 per cent, to 124.8 million baht (557.4 million). On a per-share basis, earnings were 1.73 baht, compared to 1.01 baht for
        Bloomberg Business News  -  170 words
      • Article, Illustration
        Repco tipped to get Sabah timber marketing contract
        336 7 KUALA LUMPUR Repco Holdings Bhd is expected to play a dominant role in Sabah's timber industry with the company expected to secure a contract for the marketing of logs for the Sabah Foundation. Quoting sources. The Star reported yesterday that this could
        336 words
      • Article
        Lock icon Damansara Realty joins Oberoi in Indon hotel project
        294 7 Bernama KUALA LUMPUR Damansara Realty Bhd says it has signed agreements to jointly undertake the development of a five-star deluxe hotel resort in eastern Indonesia. The agreements were signed with Oberoi Holdings Hongkong Ltd, BK Hotels Ltd and PT Waka Gae Selaras
        Bernama  -  294 words
      • Article
        Lock icon Motorola's Thai distributor sees 180% profit rise
        162 7 Reuter BANGKOK United Communication Industry Pic expects net profit this year to reach close to two billion baht (SSIIB million), a nearly 180 per cent increase over 1993, said Poosana Premanoch, Ucom's chief operating officer. Ucom's consolidated halfyear net profit of 864.3 million
        Reuter  -  162 words
      • COMPANY BRIEFS
        • Article
          Suspensions of two shares to continue
          51 7 SINGAPORE WBL Corporation has requested continued suspension of its shares as it is still negotiating with Tongkah Holdings and Goldtron Ltd about the sale of its subsidiary O'Connor's Engineering Trading (M). Polytek Wearnes has also requested for further suspension of its shares till further
          51 words
        • Article
          Courts to take up new showroom
          42 7 SINGAPORE Courts (Singapore) has agreed to take up a 15,350 sq ft showroom at Jurong Point. The building, situated at Jurong West, is under construction now and will be ready by the end of next year.
          42 words
        • Article
          General Securities' asset per share
          25 7 SINGAPORE General Securities Investment said its unaudited consolidated net tangible asset backing per share was $2.55 as on September 30.
          25 words
        • Article
          Lock icon Instangreen to raise stake in SPJ
          72 7 Bernama KUALA LUMPUR Instangreen Corporation Bhd has proposed to maintain 51 per cent equity interest in Lamdeal Holdings Ltd and increase its stake in SPJ Construction Sdn Bhd. The golf course developer said it proposed to subscribe for 4.08 million new ordinary shares of
          Bernama  -  72 words
        • Article
          Lock icon MAS incorporates subsidiary
          38 7 Bernama KUALA LUMPUR Malaysian Airline System BHD has incorporated a subsidiary company, Maskargo Sdn Bhd, to carry on the business of air cargo operators, charter freighter and courier service operators in Malaysia and elsewhere. Bernama
          Bernama  -  38 words
        • Article
          Lock icon Kemayan Horticulture acquisition
          29 7 Bernama KUALA LUMPUR Kemayan Corporation BHD's subsidiary, Kemayan Horticulture Sdn Bhd, has acquired the entire equity interest in Kian Kee Garden Sdn Bhd at par. Bernama
          Bernama  -  29 words
      • Article
        Corrections and clarifications
        98 7 IN LAST Saturday's Personal Finance Investment story "A mine of information for all investors", we reported that the MeesPierson Guide cost $65 a copy and $95 for an annual subscription. This is incorrect. The publisher has clarified that the guide costs $85 a copy and $125 for
        98 words
      • Article
        Untitled
        447 7 M«Mge«V prkct Oct 22 24 Mcndaki Or Fund 1.18 l.2l*d tin»»nnr» Unit Trust US Gr Fund 0 98 I 02" SSL T! i.83 UMB himt M(t Ltd The Savings Fund 1 68 1.78 Unifund 57 64 S pore Prog Fund 066 0 70*d Cnibond+ 04 07 S pore See Fund
        447 words
      • Article
        Lock icon Britain's Beta Funds launches US$ 65m investment fund for Indochina region
        600 7 Bloomberg Business News HANOI Britain's Beta Funds is launching what it says is the first investment vehicle to invest directly in the whole Indochina region. The US$65 million (5595.6 million) Beta Mekong Fund will be a closed-end investment fund
        Bloomberg Business News  -  600 words
      • COMPANY BRIEFSF
        • Article
          Lock icon Rao's pre-tax profit up 12%
          89 8 AFP TOKYO Japanese soap and household products giant Kao Corp said yesterday its pre-tax profit grew 12 per cent from a year earlier to 25.8 billion yen (Ss3B7 million) in the six months to September. The company said sales rose 2.1 per cent to 323
          AFP  -  89 words
        • Article
          Lock icon ABC won't comment on pay-TV report
          98 8 AFP SYDNEY The Australian Broadcasting Corp (ABC) declined vesterday to confirm a newspaper report that it was to strike a deal with Fairfax Holdings to provide 24-hour pay television news. The state-funded broadcaster is scheduled to commence two satellite television channels in early 1995,
          AFP  -  98 words
        • Article
          Lock icon Daewoo plants in N Korea completed
          72 8 Bloomberg Business News SEOUL Daewoo, a leading South Korean conglomerate, said vesterday its joint venture textile factories in North Korea have been completed and will be ready to begin operations soon, pending government approval. The three factories to manufacture apparel and bags in North
          Bloomberg Business News  -  72 words
        • Article
          Lock icon DDI to issue new shares
          88 8 AFP TOKYO Japan's DDI Corp said yesterday it had tiled an application to raise 60 billion yen (SS9OO million) of funds through a placement of shares in the 12 months trom Oct 29. The domestic telecommunication company said the issue price of the placement would
          AFP  -  88 words
        • Article
          Lock icon Optus to launch new phone services
          109 8 Bloomberg Business News SYDNEY Optus Communications, the new privately owned rival to government-owned Telecom Australia, said yesterday it is set to mount a new attack on its competitor in the As3so-million-a-'year (SS37B million) inbound services market. Included in the package of new services is
          Bloomberg Business News  -  109 words
      • Article
        Lock icon Taiwan petrochem giant plans NT$ 10b projects
        189 8 Reuter TAIPEI China Petrochemical Development Corp has submitted a plan to the Economics Ministry to invest NTS 10 billion (***** million) in plants to produce caprolactam (CPL) and nylon and a power generating system, a company spokesman said. The company will decide when
        Reuter  -  189 words
      • Article
        Lock icon Taiwan conglomerate probed for insider trading
        196 8 Bloomberg Business News TAIPEI Taiwan's Securities and Exchange Commission (SEC) has begun a preliminary investigation into possible insider trading of shares in President Enterprise Corp, one of Taiwan's largest conglomerates, said K H Ning, a senior commission official, yesterday. The SEC is collecting information
        Bloomberg Business News  -  196 words
      • Article
        Citic Pacific ready to grab slice of China telecom market
        357 8  -  By Schutz Lee SINGAPORE Chinesefunded conglomerate Citic Pacific took up stakes in Hongkong Telecom and Manhattan Card last year not just to tap the market in Hongkong but to position itself lor these sectors in China in future, deputy managing
        357 words
      • Article
        Lock icon Siemens signs US$ 30m fibre optic venture in China
        217 8 AFP BEIJING German electronics giant Siemens AG has signed a USS3O-million (SS44 million) joint venture to set up China's largest fibre optic cable manufacturing base, China Daily said yesterday. The deal was signed with the China National Posts and Telecommunications Industry
        AFP  -  217 words
      • Article, Illustration
        Lock icon Questions emerge over heir to Murdoch empire
        323 8 Reuter ADELAIDE About 42 years ago, a young Rupert Murdoch stepped out of his father's shadow to take the helm of a small daily newspaper in the sleepy Australian city of Adelaide. From The Adelaide S'ens, Mr Murdoch toiled and wrestled his way
        Reuter  -  323 words
      • Article
        Lock icon Share market slowdown hits Japanese brokers' earnings
        624 9 Bloomberg Business News TOKYO Earnings at Japan's brokerage houses slumped in the half year to Sep 30 because a decline in stock market activity dried up trading commissions. Of 24 listed brokerages that announced results yesterday, only three Nomura, Daiwa and Nikko securities
        Bloomberg Business News  -  624 words
      • Article
        Four firms form US' biggest wireless network
        283 9 DENVER Bell Atlantic Corp, Nynex Corp, US West fnc and Air Touch Communications Group said on Thursday they have agreed to form a wireless communications network that would be the biggest in the United States. The companies said they would link their properties
        283 words
      • Article, Illustration
        Lock icon McDonald's earnings up 13%
        281 9 Bloomberg Business News OAK BROOK, Illinois McDonald's Corp said its third quarter earnings increased 13 per cent on continued expansion and stronger operating margins. The company said third quarter net income rose to U*****.8 million (*****.2 million), or 48 US cents a share, from U*****.9 million,
        Bloomberg Business News; Reuter  -  281 words
      • Article
        Lock icon Quake insurance claims dent Sears' third quarter income
        272 9 Bloomberg Business News CHICAGO Sears, Roebuck Co said its third quarter net income fell 6.4 per cent, citing additional losses at its Allstate Corp insurance unit arising from the earthquake in California last January. Sears said net income fell to U*****.5 million
        Bloomberg Business News  -  272 words
      • Article
        Lock icon Northwest Airlines turns in record 3rd-qtr profit
        264 9 Bloomberg Business News MINNEAPOLIS Northwest Airlines Corp said third-quar-ter earnings soared 54 per cent to record levels, surpassing even its best full-year results, on strong domestic demand. The fourth largest carrier in the US said on Thursday net income rose to US$l7O million
        Bloomberg Business News  -  264 words
      • Article
        Lock icon Japanese govt to review its public share offer scheme
        286 9 Reuter TOKYO Japan will review its methods of selling government shares after public reluctance to invest in Japan Tobacco Inc has clouded prospects for its privatisation process. Finance Minister Masayoshi Takemura said yesterday. "We must seriously look into the situation to
        Reuter  -  286 words
      • Article
        Lock icon Salomon incurs 3Q loss of US$ 104m
        201 9 Bloomberg Business News NEW YORK Salomon Inc said it lost US$lO4 million (Ssls3 million), or US$l.l3 a share in the third quarter, mainly because of losses in trading for its own account. The parent of the securities firm Salomon Brothers Inc earned US$2O
        Bloomberg Business News  -  201 words
      • COMPANY RESULTS
        • Article
          Lock icon Bell South earnings below estimates
          68 9 Bloomberg Business News Atlanta Bell South Corp said on Thursday that third quarter earnings rose 3.1 per cent, primarily on growth in Uxal telephone lines and cellular subscribers, but the results fell below Wall Street estimates. The Atlanta-based regional phone company reported net income of
          Bloomberg Business News  -  68 words
        • Article
          Lock icon Higher sales raise Westinghouse profit
          70 9 Bloomberg Business News Pittsburgh Westinghouse Electric Corp said on Thursday that third quarter net income rose 12 per cent, reflecting cost-cutting and higher sales in electronic systems, transport temperature control and power generation. Westinghouse, based in Pittsburgh, said net income rose to US$73 million (SSIO7
          Bloomberg Business News  -  70 words
        • Article
          Lock icon Union Carbide 3rd qtr profit up 153%
          69 9 Bloomberg Business News DANBURY, Connecticut Union Carbide Corp said on Thursday that third quarter net income jumped nearly 153 per cent on increased sales volume and lower costs. The Connecti-cut-based manufacturer of petrochemicals said its net income rose to US$96 million (SSI4I million),
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Colgate-Palmolive up 5.7%
          59 9 Bloomberg Business News New York Colgate-Palmolive Co said on Thursday that third quarter earnings rose 5.7 per cent, buoyed by increased sales of more profitable product lines. The consumer-products giant said net income rose to US$l5l million (***** million), or USSI a share, up from U*****.8 million,
          Bloomberg Business News  -  59 words
        • Article
          Lock icon Gillette reports best-ever results
          69 9 Bloomberg Business News BOSTON Gillette Co, citing robust demand for all of its products in most areas of the world, said on Thursday that third quarter sales and earnings were the best in its history. Net income rose 19 per cent to USSS 172.2 million (*****.1
          Bloomberg Business News  -  69 words
        • Article
          Lock icon ITT: 3rd qtr up 11%
          76 9 Bloomberg Business News NEW YORK ITT Corp said on Thursday that third quarter profit from operations rose 11 per cent on solid results from its insurance and car parts units. The New York-based conglomerate, which also has units in defence electronics, technical schools and phone-book
          Bloomberg Business News  -  76 words
        • Article
          Lock icon CAI: 2nd qtr up 49%
          68 9 Bloomberg Business News ISLANDIA. New York Computer Associates International Inc said on Thursday that fiscal second quarter earnings rose 49 per cent on strong sales of software for mid-range computers and computer networks. Net income rose to U*****.4 million (S$ 191.7 million), or 78 US
          Bloomberg Business News  -  68 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        499 8 Vessel *oy No Berth hrival Departure Vessel Voy No Berth Annul Departue luronff Port Equator J I41/4t P02 22 10/1400 2110/1000 Prvwh Kin 118/19 *>ngside 22 10/1200 F I Na*e* 25*® P07 2210/0600 25 10/0600 52lL 07 12 3! 2? 10/0800 lohan 3 311*94 P01 2210/1500 22
        499 words
      • Article
        CONTAINER SCHEDULES
        1526 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinj/Balance Rslts Ship Voy No Etb/Btr Period From To From It, late 209* 23,0500 IB 21/1500 21/1659 21/1900 2B 21/1/00 22/0659 22 0900 4 22/1200 22/KM kTui 0«A *****30 2A 21/1/00
        1,526 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Asia won't become formal trade bloc, says bank chief
        300 10  -  By Shiv Taneja SINGAPORE Asia was unlikely to become a formal trade bloc, even though intraAsian trade and capital Hows were growing faster than those in formal trade blocs such as in Europe and North America. Bank of America chairman Richard
        300 words
      • Article
        Leasing business shrinks in S'pore despite growing economy
        390 10  -  By Soh Tiang Keng SINGAPORE The leasing business in Singapore is shrinking despite growth in the national economy during the past few years. The Leasing Association of Singapore, in its latest annual report, says total new business done by LAS members dropped
        390 words
      • Article
        Lock icon Chase will meet goals despite president's exit, says chairman
        211 10 Reuter NEW YORK The departure of Chase Manhattan Corp president Arthur Ryan will not impede Chase's ability to meet its goals or force it to change direction, chairman Thomas Labrecque told Reuters in an interview. Chase announced earlier this week that
        Reuter  -  211 words
      • Article, Illustration
        US$/mark chart points south, but short-term correction likely
        392 10 DBS Weekly Currency Report US$/mark: Bears take nap Bearish sentiment continued this week, as the greenback fell to a low of 1.4935 on Monday. It then consolidated between 1.4970 and 1.5074 for the two days before falling again to a low of
        392 words
      • Article
        Lock icon Lloyds wants first claim on damages awarded to Names
        215 10 Bloomberg Business News LONDON The hard-hit Lloyds of London insurance market is trying to get a first claim on court damages awarded to Lloyd's investors, or "Names." A spokesman for Lloyd's confirmed that it will seek to amend the rules of
        Bloomberg Business News  -  215 words
      • Article
        Hongkong Bank buys Asia smart card rights
        176 10 SINGAPORE HongkongBank has bought the right to franchise a new electronic payment system in Asia. The UK-based bank said yesterday it had obtained the right to franchise Mondex in Hongkong, China. India. Indonesia, Macau, Philippines, Singapore. Sri Lanka. Taiwan and Thailand. Mondex, developed
        176 words
      • Article
        Lock icon Oil prices gain 60 cents in volatile week
        303 10 energy report Reuter LONDON Oil prices ended a choppy and volatile week about 60 US cents a barrel higher than it started amid renewed European refiner crude demand and fears that widespread flooding in the Houston, Texas area will cut oil product
        Reuter  -  303 words
      • Article
        Lock icon Currency Reports: London
        198 10 Bloomberg Business News LONDON The dollar rebounded from a post-World War II low against the yen in early trading after Treasury undersecretary Lawrence Summers said the US will buy dollars, if necessary, to stem the US currency's slide. Speculation that the Federal Reserve was poised to buy
        Bloomberg Business News  -  198 words
      • Article, Illustration
        Untitled
        1260 10 Irude-unxHlnl index lakufaterl atatn\l S'farr'i lap 14 trading pari mis Bom- year; (M 5 US$/S$ forward rates Noon Oct 21 S$ Rid (MIrr 1-month 1.4705 1.4720 2-month ***** 1.4700 3-monlh ***** ***** 6-month 1.4610 1.4630 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on Oct 21 Singapore dollars to
        1,260 words
      • Article
        Lock icon Higher cocoa output seen in Ghana as prices rise
        222 10 Knight-Ridder GHANA Cocoa farmers here are coming to terms with two new market realities this season: a more than doubling in the price they receive for their crop and what could be the start of a process to liberalise their industry.
        Knight-Ridder  -  222 words
      • Article
        Lock icon New York
        92 10 AFP NEW YORK The dollar remained very weak against other major currencies in the absence of any support factors and depressed by stock and bond markets slides. At about 1355, the dollar traded at 1.4900 marks, down from 1.4915 on Thursday, and at 96.80 yen (97.03). In London
        AFP  -  92 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen firms on back of strong yen
        1291 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen ended higher while Eurodollars were easier at close. Dealers said Euroyen firmed on the back of the strong yen. "The market looks like it prefers to be on the short side but nobody is chasing it aggressively."
        Reuter  -  1,291 words
      • Article
        KL tin ends at three-month high
        666 11 COMMODITY REPORTS Kl Tin TIN rose another 14 sen at a three-month high of MS 14 a kg after a stronger London close sparked off active buying "The firm market is mainly following the higher trend in precious metals in London. There was a
        666 words
      • KNIGHT-RIDDER COMMODITY SUM
        • Article
          High yen hits Japanese alloy firm
          72 11 TOKYO A surging yen and high operating costs are forcing Japan s leading ferro-alloys producer, Japan Metals and Chemicals Co to consider shifting more of its domestic businesses overseas. Japan Metals' ferro-alloy sales in the first half 1994 (AprSep) were 14.4 billion yen (5521.6
          72 words
        • Article
          No problems for grain importers
          107 11 SYDNEY Australian grain bulk handling authorities say they do not expect to have problems handling imports of grain from interstate and overseas over the next 12 months. In New South Wales, Graincorp general manager Tom Keene said temporary handling equipment is being installed at Port
          107 words
        • Article
          Japan is biggest buyer of Aussie beef
          81 11 SYDNEY Japan overtook the US as Australia's No 1 export beef market in terms of volume in 1993-94 (July-Jun), according to the Australian Meat and Livestock Corporation's annual report. Japan accounted for 38.1 per cent of Australia s total beef exports, with the
          81 words
        • Article
          A$ 3.9m for spent copper mine
          66 11 SYDNEY Gold Mines of Australia yesterday signed an agreement to acquire the spent Mount Lyell copper and gold project in Tasmania for A 53.9 million (554.2 million) from Renison Goldfields. GMA also announced it had signed a formal agreement with the Tasmanian state government
          66 words
    • Article
      COMMODITY PRICES
      1449 11 Rubber Singapore Commodity Exchange (futures dosing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sell (tonnes) Interest Nov 94 202.50 1250 Dee 196.50 196 50 196.25 200 3375 Jan 95 189.00 189.00 188.25 400 2525 Feb 188.25 2900 Mar 188.25 2900 Apr/Jun
      1,449 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1020 12 18.3 RISING metal prices and several large buy orders pushed shares higher yesterday. the key All Ordinaries Index closed at 2,034.6 points, up 18.3. The All Resources Index jumped 24.7 to 1,418.8 and the All Industrials Index rose 11.4 to end at 2,867.3. Turnover totalled 198 million shares worth
        1,020 words
      • Article
        Manila
        613 12 7.68 Late buying in shares of oil refining and retailing giant Petron sparked a slight rally at the close of trading yesterday. The Composite Price Index climbed 7.68 points to close at 3,084.80. Turnover was 4.02 billion shares valued at 1.77 billion pesos. The market opened weak because of
        613 words
      • Article
        New Zealand
        309 12 -5.72 Shares moved slowly in a lackadaisical day's trading to close just below opening levels, after an initial Wall Street-inspired sell-off. The NZSE-40 Capital Index closed 5.72 points lower at 2,061.57, comfortably off its in-tra-day low of 2,046.57. The leaders were mixed on light volume. Telecom felt some
        309 words
      • Article
        Bombay
        79 12 +28.53 Stocks rose on the first day of a new settlement period, a time within which investors can buy on margin, after the BSE Index dropped more than 100 points in four days. "Finally, the market is starting to look a little bit better," said an analyst. The BSE
        79 words
      • Article
        Taipei
        591 12 +78.41 Stocks continued their upswing in response to sliding interest rates here, with steel shares posting the largest gains. The 387-issue Weighted Price Index put on 78.41 points to finish at 6,839.78. Turnover was 2.49 billion shares worth NTS 108.59 billion. The market opened higher and a spate of
        591 words
      • Article
        Seoul
        501 12 +6.55 Share prices staged a rebound yesterday after a two-day downward correction, brokers said. The Composite Price Index rose 6.55 points to 1,095.32 as most sectors rode on an upswing, with 56.4 million shares worth 1.24 trillion won changing hands in heavy trading. Advances outweighed declines 625 to 241,
        501 words
    • WORLD STOCK MARKETS
      • Article
        London
        564 12 -30.4 STOCKS dropped as the dollar hit a record low and US bond yields touched their highest level in 2'/z years, amid concern that the US economy is growing fast enough to stoke inflation. Stocks were unsettled too by stronger-than-expec-ted German money supply growth, suggesting the threat of inflation
        564 words
      • Article
        Paris
        156 12 -25.28 French stocks followed the bond market down as German money supply growth exceeded expectations and the yield on the 30-year US Treasury reached its highest level in 2'/2 years. The US 30-year Treasury was last at 7.98 per cent after rising as high as 8.03 per cent. Also
        156 words
      • Article
        Frankfurt
        204 12 -5.67 German stocks closed at their lowest level in two weeks, as bonds tumbled in Europe and the US on concern that a weak dollar and higher-than-expected economic growth will accelerate inflation. The DAX Index closed at 2,016.60 points, down 5.67. Germany picked up inflation anxiety yesterday when the
        204 words
      • Article
        Brussels
        174 12 -9.91 Belgian stocks tumbled after Germany released higherthan- expected money supply figures and the dollar remained weak. The Bcl-20 Index of leading shares closed down 9.91 points at 1,363.01, its lowest since Oct 10. Declines outstripped advancers 14 to five, with one stock unchanged. German M 3 money supply
        174 words
      • Article
        Stockholm
        137 12 -6.21 Swedish stocks fell amid plunging European markets as the US dollar hovered around its two-year lows and the US Treasury bond yield rose to its highest level in two-and-a-half years. The OMX Index of 30 leading Swedish stocks closed 6.21 points lower at 1,133.93, after falling as low
        137 words
      • Article
        Milan
        166 12 -105 Italian stocks fell for the third time this week after a fight in Parliament raised further concerns about the government's credibility. "There's nothing that can change the position of international investors on the Milan stock exchange for the moment," said an analyst. "The main focus of the market
        166 words
      • Article
        Amsterdam
        283 12 •3.52 Dutch stocks fell for a fourth day as the dollar dropped to two-year lows against the mark and Dutch guilder, threatening the earnings of companies with significant US sales. The EOE Index fell 3.52 points to 399.85, its lowest level since Oct 10. Also hurting stocks was a
        283 words
      • Article
        Untitled
        888 12 Britannia Funds Mcrliag Cash Bid Offer M.m < ap DepuW M6400 M6500 Mim Jersey Gik O.IWJ 0.19*2 Mim M» Income *0*100 ****** US$ Cash Income Pta Fund ***** 10 I MO PS Rntrve Fund 5.1200 5 1J00 l <«||i t» Euro Performance .0.4592 0 4931 Far fM Fund *2 9730
        888 words
      • Article
        Zurich
        228 12 -22.3 Swiss stocks lost ground for the fourth time this week, amid dollar weakness and as German stock and bond markets declined on higher-than-expected money supply growth. The SMI Index of 23 stocks closed down 22.3 at 2,508.6 points, with major exporters and banks the worst hit. Nineteen stocks
        228 words
      • Article
        Johannesburg
        310 12 13 South African shares put in its eighth straight gain yesterday as steady sentiment and good demand continued to drive prices higher, defying a weaker trend on world markets. Dealers said a firm gold price and continued positive sentiment in industrials had countered possible declines stemming from weaker world
        310 words
      • Article
        New York
        690 12 -14.13 The Dow Jones Industrial Average, which retreated 24.89 points on Thursday, was down 14.13 to 3,897.02 at 11 am EDT. The key barometer was down 23.89 points shortly after the market opened. The NYSE Composite Index was off 0.84 to 255.70, while Standard Poors 500-stock index was
        690 words
    • Article, Illustration
      Lock icon HONGKONG
      2930 13 Bloomberg Business News HONGKONG Stocks fell on concerns over rising US interest rates and the fate of the weak US dollar, to which the local currency is pegged. Many investors sold, fearing that the Federal Reserve would push up US interest rates, leading to an increase in Hongkong rates.
      Bloomberg Business News; Source: Bridge Info  -  2,930 words
    • Article, Illustration
      Lock icon CHINA
      511 13 CLSA H SHARES ended 12.51 points lower at 1,459.99 on turnover of HKSB3.B million. Sentiment remained poor on lack of positive news from China. In Shanghai, the B Index finished the day virtually unchanged on reduced volume of US$lO million. Investor interest continued to focus on newcomer Post and
      CLSA  -  511 words
    • Article, Illustration
      Lock icon TOKYO
      2537 13 Reuter TOKYO Stocks ended lower after taking a pounding from ar-bitrage-related selling in the morning and then drifting sideways in the afternoon. The yen's rise to a new postwar high against the dollar and worries about Japan Tobacco Inc's (JT) listing on Thursday also hit the market, dealers said.
      Reuter; Source: Bridge Info  -  2,537 words
    • Article, Illustration
      Lock icon BANGKOK
      1725 13 Reuter BANGKOK Stocks closed slightly higher after spending most of the trading session in the negative zone. The SET Index closed slightly higher, up 0.87 point at 1.522.48 on eight billion baht turnover. Gainers led losers 155 to 128. "There was fresh money from overseas, possibly the US, to
      Reuter; Source: Bridge Info  -  1,725 words
    • Article, Illustration
      Lock icon JAKARTA
      1107 13 Reuter JAKARTA Share prices closed lower in overall quiet trading apart from Indosat, which for the third consecutive day dominated trading. Indosat, which listed on Wednesday, was hit by profittaking. It closed at 8.650 rupiah. down 300. Earlier in the day, it peaked at 9.150 rupiah. Indosat s IPO
      Reuter; Source: Bridge Info  -  1,107 words
    • Article
      CLOB INTERNATIONAL
      1828 14 Mulpha Intl 50c KL mdiolncs 5 MBf Capital t imSn Bcijaya Group 3.710.000 IdmHydSOc £«£«K Bcrjaya Ind Hajmo iff™ 2.437.000 Landmarks Bhd <*«.«*> Muhi-P Wt Kultm (M) Wt»9 S! SS Ind Oxygen Wt<>5 1.624,000 I—T«cnv»-«*»!«> I KL livdu-Jrtcs 15 ui? mil Mulphj Inll 5<k- JWJDO Bcqaya Oroup Tovs
      1,828 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Share prices decline as election hopes cool
        4167 14 Bloomberg Business News KUALA LUMPUR The benchmark stock index fell after two days of modest gains after Prime Minister Mahathir Mohamad left on a five-day visit to Japan, cooling hopes that he would call a general election this month. "Part of the problem
        Bloomberg Business News; Source: Bridge Info  -  4,167 words
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      420 6 NEWS VALUE Long wait to own a Mercedes, despite rising COEs <pg I) That motor companies are not complaining about high COE priccs suggests that their profit margins have remained good, if not rising. 25% profit rise by regional carriers flies in the face of world trend (pg 2) No
      420 words
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      239 7 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883» FAX: 741-1298 r" "i I northern J I |Ifw foMcom I Northern Telecom Asia/Pacific is part of the I Northern Telecom Limited global group of companies which is the second largest telecommunications equipment manufacturer in North America and the fourth largest in the world.
      239 words
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      61 9 INVESTING •94 What's hot? What's not? Find out from the experts in Investing '94. Get their views on stockmarkets, bonds, Simex futures, currencies, commodities, property prices, golf memberships and collectibles. Get their advice on managing risks, private banking, unit trusts, insurance and taxes. INVESTING '94 a BT special supplement Free
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      49 10 You may have been unable to get your Business Times, Straits Times, Sunday Times, LiartHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask tor home or office delivery service
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      191 11 irr>» #1 OFFSHORE I WW COMPANY SPECIALISTS I /ith a worldwide team of 125 multi-disciplined I rofessionals and a network of international I ffices, OCRA provides confidential and cost I ffective company formation in all the major low H ix areas including: H BRITISH VIRGIN ISLANDS BAHAMAS IRELAND H WESTERN
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      Page 11 Advertisements Column 2
      35 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. nSS 1800-737-1166 Business heats up when you make the call and place an ad. CATAj
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      49 13 Call 1800 235-4567 now for more I Hon 17 Oc t 9 4 information. Or visit our Customer 19 f 2 »-o*. *is.?o his» n.io Services Centre at Comcentre, Exeter Road. 1 Jffi VVOL A2OO 0 T V ot h lA.iiNkiilili.ml Cinoannrp iew j J AS J Singapore Telecom
      49 words
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  • STOCK EXCHANGE OF SINGAPORE
    • Article
      Untitled
      6985 15 c Gr M Wl 1994 l~« Da, LX Q-* fig £2| p&! Il«h La. Cam Nak 0888) High I— S«"n C"w P'E W-) p M0USTV1AL AND COMMERCIAL 1440 833 ml Acma 1140 ul t 40 204 .130 MOO 1.30 ..40 .73 L5 182 785 8 1095 547* J87- I s
      6,985 words
    • Article, Illustration
      Lock icon Property counters take spotlight in dull market
      1844 16  -  By Quak Hiang Whai SINGAPORE Local property counters yesterday stole the show by chalking up good gains in otherwise cautious trade. While the Straits Times Industrials Index closed 4.80 points down at 2,377.45, strong buying of property stocks sent the SES Property Index
      Charts by Bridge Info; Source: Bloomberg  -  1,844 words
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      81 15 Call 1800 235-4567 now for more i PJtN i I 1 Hon 17 Oct 94 information. Or visit our Customer 8j 2 lo- is.7o hi.h i*.io Services Centre at Comcentre, |J"JJ sd Exeter Road. S A J/* OT h■' -jlkiTj.jlti ..liu-.ilfci- liLi ilidhaill 111/lill MM r tel e4/i e w
      81 words
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      878 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 TRANSMARCO LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Transmarco Limited ("Transmarco" or the "Company") wishes to inform shareholders of the Company ("Shareholders") that on 19 October 1994, it was announced that Arton Re Ltd (the "Offeror"), pursuant
      878 words
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      155 16 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Boon Poh of Apt Blk 541 Serangoon North Ave 4 #09-133 Singapore 1955, have applied (or a Ist Class Public House Licence in respect of premises at M/s Bibik's Place at No. 14 Aliwal Street Singapore 0719, and that this application will
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      244 16 IntheMaDerai "The Compeniee Act, Cap.so and In the Matter of CHAMPION ELECTROMCS (PWVATE) UMTTEO (to Members'Vofcrtary Liquidation) At an Ertraonfnary General Moating at tie atxwenemed Company (My convened and held at 2 Hevetodi Road, #07-07 Apotto Centre, Singapore 0108 on Friday, «ta2lat day of October 1904, at 11am, N Mowing
      244 words
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  • Executive Lifestvle
    • Article, Illustration
      Charles, Prince of Despair
      1609 17  -  Jaime Ee looks at excerpts from Prince Charles' biography and concludes there are no winners in the Charles-Di publicity battle Jaime Ee IF THERE'S a song that Prince Charles should be singing today in the House of Windsor, it would be: "You say to-mah-to, 1 say
      1,609 words
    • STRAWS IN THE WIND
      • Article
        For females only
        72 17 TALK about sexist. A conference organiser has been sending out flyers to advertise a convention titled 'Career Women In Asia'. But while the event obviously seeks to raise the image of women in the corporate world, the organisers displayed a distinct chauvinistic tendency in a covering note
        72 words
      • Article
        Song for Subang
        32 17 FIRST, KL's Subang Airport was plagued by fires. Then heavy rains. One wit suggested that the piped-in music on flights into Subang should include James Taylor's Fire And Rain.
        32 words
      • Article
        Naming the culprit
        51 17 RECENTLY, it was reported that a Myanmar national was arrested in Singapore for illegally bringing in his fellow countrymen to work as labourers. From his name, you could say, he couldn't help what he was doing. His name is U Naing, which in Teochew translates to "got
        51 words
      • Article
        Wet ones
        24 17 SINGAPORE Telecom's latest submarine cable system has been named SEA-ME-WE2 for short. It sounds like something some people do in HDB lifts.
        24 words
    • OPINIONS
      • Article, Illustration
        Keeping it in the family
        878 18  -  Peter Lynch wonders if News Corp's 'planned nepotism' succession can proceed smoothly enough to reassure shareholders Peter Lynch The writer, a Sydney-based journalist, contributed this commentary to BT IF Rupert Murdoch's London tabloid Sun were running the story, it might well be headlined "Keep it
        878 words
      • Article
        The pinkos will be back soon
        606 18  -  Robert Reno doesn't think the Democrats or liberals are going to lose big in the mid-term US Congress polls next month Robert Reno The writer is a columnist with the Los Angeles Times and Washington Post, where this commentary first appeared THE stunning mid-term
        606 words
      • Article
        Queuing system can't work for cars
        385 18  -  LETTER TO THE EDITOR Loh Khum Yean IN "New HDB system could work for cars" (BT, Oct 8-9), Abdul Hadhi suggested applying the new HDB queuing system to the allocation of cars as well. Car are not analogous to HDB flats; public transport is.
        385 words
      • Article, Illustration
        Thank God for the jester
        804 18  -  Neville Stack pays tribute to people who remind us all that it does not do to put oneself on a pedestal Neville Stack The writer is a political commentator based in London. He writes regularly Jor BT. The emperors of old had their court jesters
        804 words
    • VIEW POINT
      • Article, Illustration
        Agenda for global reform
        2228 19  -  Globe-trotting economist and political scientist Ervin Laszlo talks to Kevin Sullivan about the gridlock of international policy-making. And why he moved his home from Manhattan to a mountain top near Pisa SJa£ THE RAFFLES CONVERSATION A fortnightly series supported by Raffles Hotel Kevin Sullivan ERVIN Laszlo
        2,228 words
      • Article
        Fuelling change through individual ethics
        1081 19 FUSING economics and philosophy, drawing up development plans which question the very nature of conventional development, forging action programmes which fly in the face of established patterns of human activity Ervin Laszlo insists he is a realist. He points to the sea change in global
        1,081 words
    • Article, Illustration
      Sluggish schemers
      633 22  -  Cinema Reviews By SUSAN TSANG WIDOW'S PEAK is a hill near a small Irish village which houses rich women wiose husbands have died. These widows peek at the village through telescopes, organise themselves into committees, and try to order everybody else's lives according to their ideas. So it
      633 words
    • Article, Illustration
      Saints of New York
      621 22 IT COULD Happen To You was originally atyed "Cop Gives Waitress $2 Million Tip". Both titles indicate that the film is a fairy tale, which means no, it would never happen to a normal person like you. Of course, the film isn't interested in normal people.
      621 words
    • Article, Illustration
      Lock icon Welcome home to Brindabella
      901 22  -  Travel By AUDREY PERERA The writer is a freelance journalist who contributed this article to Executive Lifestyle BRINDABELLA, Goodradigbee, Rosellas. They sound like disgruntled dwarves in a fairy tale or some unpleasant skin infections. But fear not, the only thing contagious about them is the holiday
      Photos b yAudrey Perera  -  901 words
    • Article, Illustration
      Swede temptation
      911 22  -  y !>>.!■ motoring By SAMUEL EE THERE are few experiences in life that are more pleasurable than riding a motorbike, especially without a helmet on. That feeling of freedom, infused with a large dose of complete and utter mobility, is terrific, to say the least. Perhaps that is
      911 words
    • Article, Illustration
      Objects of desire
      425 23  -  Exhibitions By CORINNE KERK OCCASIONALLY, even plebeians get a glimpse of the beauty, elegance and exclusivity enjoyed by the fabulously rich in a bygone era. And when that opportunity comes, the have-nots can only gawk. That, simply, is the most natural reaction to the Cartier "King of
      425 words
    • SPORTS
      • Article, Illustration
        Lock icon Europeans confident of winning for the second time
        579 24 Solheim Cup Reuter WHITE SULPHUR SPRINGS. West Virginia When Europe's best women golfers arrived this week at The Greenbrier, an idyllic retreat in the Allegheny Mountains, Briton Laura Davies shot their US counterparts a message. "The Solheim Cup belongs to us," said
        Reuter  -  579 words
      • Article
        Lock icon Hoch takes two-stroke lead after two rounds at Las Vegas
        403 24 AP LAS VEGAS Scott Hoch rode six consecutive birdies into a two-shot lead over three golfers on Thursday after two rounds of the 90-hole Las Vegas Invitational. While Hoch was taking the lead of the US 1.5 million (552.2 million)
        AP  -  403 words
      • Article, Illustration
        Lock icon Catching the captain out
        42 24 Reuter RAWALPINDI, Pakistan Pakistani fast bowler Waqar Younis shouting an appeal for Ibw which was accepted, against South African captain Kepler Wessels at a one-day cricket international here on Thursday. Pakistan won the match by 39 runs. Reuter
        Reuter  -  42 words
      • Article
        Lock icon America 3, Nippon rated underdogs in world yachting championships
        406 24 Reuter SAN DIEGO The America 3 and Nippon yachting syndicates head into next week's world championships, an early test for the 1995 America's Cup, with money, talent, fast boats and a serious case of underdog syndrome. The all-women's America 3 crew
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      • Article
        Lock icon Asian Rugby winner to play in '95 World Cup
        281 24 AP KUALA LUMPUR A weeklong battle gets underway today at the Asian Rugby Championship, where for the first time the winner will automatically qualify for the 1995 World Cup. Japan and South Korea are the favourites at the biennial eight-nation tournament,
        AP  -  281 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon American Football
          54 24 Reuter MINNEAPOLIS Faud Reveiz kicked game-tying and game-win-ning field goals on Thursday as the Minnesota Vikings won a defensive battle of divisional rivals with a 13-10 overtime victory over the Green Bay Packers. The victory gives Minnesota sole possession of first place in the NFC Central Division with
          Reuter  -  54 words
        • Article, Illustration
          Lock icon Basketball
          67 24 AP BADALONA, Spain Latrell Sprewell scored 24 points and Chris Mullin added 22 to lead the US NBA's Golden State Warriors over Spain's Jovcntut Badalona 122-104 on Thursday. AP PHILADELPHIA Shawn Bradley. Philadelphia's US$44 million (5564.7 million) centre, will sit out the rest of the NBA season after aggravating
          AP  -  67 words
        • Article, Illustration
          Lock icon Golf
          272 24 Reuter AFP WELLINGTON Brothers Peter and Gary Allen both scored holes-in-one on the same day. on the same course and in the same playing group at Wairoa Golf Club north of here yesterday, a press report said. Peter, a 10-handicapper, aced the 231 -metre par-four first, using a three-wood
          Reuter; AFP  -  272 words
        • Article, Illustration
          Tennis
          208 24 BEIJING Salem Open 3rd rd on Thursday: Alexander Mronz (Ger) b 8-Mark Petchey (GB) 7-6 (7-2) 7-5; Brett Steven (NZ) b Christo van Rensbuig (SA) 6-4 6-3; David Adams (SA) b Kent Kinnear (US) 7-5 2-6 6-3; Michael Chana (US) b Shuzo Matsuoka (Jpn) 7-6 (7-4) 6-4. VIENNA US$4lO,OOO
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    • PEOPLE
      • Article, Illustration
        Charity on the tennis courts
        203 24 WHETHER one was an avid tennis player or just a weekend player, an entertaining show staged last week by United States-based Peter Burwash International made sure there were tips any player could pick up. Yet, tips for a good form and a winning game were
        203 words
    • TIME OFF
      • Article, Illustration
        Lock icon Sounds from an earlier generation
        620 25  -  Pop groups like Little River Band are a reminder of the better days of pop, insists its front man Glenn Shorrock. Shahiron Sahari reports Shahiron Sahari Glenn shorn**. Little River Band's front man and most famous figure, speaks for a whole generation of older singers
        Photo by Arthur Lee  -  620 words
      • Article
        PERFORMANCES
        157 25 Who's Afraid of Virginia Wootf? Directed by Joseph Slovik and starring Nancy Kwan yes, she of Su:ie Wong fame this version of the Edward Albee classic is presented by the Singapore Repertory Theatre. Until Monday. Bpm. with a matinee tomorrow at 2.30pm. At Jubilee Hall. Raffles Hotel. Tickets at
        157 words
      • Article
        CONCERTS
        341 25 SSO Concert Featuring British soprano Melanie Armitstead. The programme includes Beethoven's Symphony No 6 'Pastoral' and Gorecki's Symphony No 3. Choo J ftoey conducts. Pre-concert talk on Gorecki's symphony by John Sharpley at 7.30pm at the Green Room Foyer. 3rd floor, Victoria Concert Hall. Today. 8.15pm at the Victoria
        341 words
      • Article
        FILMS
        403 25 European Film Festival A 10-day fest (until Oct 31) of recent films from the European Union, including Belgium (Music Teacher. Daens), Wales [Hedd Wyn), Italy (Mignon Has Lejt). France (Mont par-nasse-Pondichery), Holland (The Betrayed. Going Home) and Germany (The Parrot). Today, 4pm: Stolen Spring (Denmark). A group of former
        403 words
      • Article, Illustration
        EXHIBITIONS
        991 25 The 4th International Design Forum This forum encompasses three exhibitions National Pavilions, Corporate and Young Designers Award. Until tomorrow. I()am to Bpm at the Raffles City Convent urn Centre. Christie's Preview of Chinese Art Features contemporary as well as classic Chinese oil paintings, ceramics, jewellery and snulT bottles. Also
        991 words
      • Article
        TALKS
        454 25 Basic Class: Body Stories 1 Intensive, four-session workshop on how to use one's body to tell stories, mime technique, commedia del arte, grotowski movements and contact improvisation. Some experiences in theatre preferred but not essential. Class 2: Today Oct 29, 2.30pm to 5.30pm. Both classes at RELC International House.
        454 words
      • Article
        MISCELLANEOUS
        164 25 Speak Out Stop Trade in Endangered Species There are still people dealing and trading in animals on the E-List. The Body Shop is inviting members of the public to sign petitions to stop such practices. Until Oct 23. at all Hotly Shop outlets. Dragon Kids English Headstart Programme For
        164 words
      • Article
        AT THE SUBSTATION
        90 25 Hope The Necessary Stage stages a play (rated PG) about four people so deeply rooted in their despair that they'll do anything to get out. Until Oct 29. Bpm at the Guinness Theatre: students' matinee on Oct 22 at 3pm. Tickets at $12 ($8 for the matinee)
        90 words
      • Article
        TICKETING
        143 25  -  Compiled by Christopher Toh Sistic outlets are at Fonim The Shopping Mall, Ginza Plazd, Junction 8, Liang Court. Raffles City, Scotts, Specialists Centre, Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at
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    • EPICURE
      • Article, Illustration
        Lock icon The tasty Australian
        561 26  -  Bon Appetit By SHAHIRON SAHARI THROWING a shrimp on a barbie used to be something you could only do in Australia, but a COuple of entrepreneurs have decided to bring that dining concept, and more, to Singapore. Banking on Australia's popularity with tourists from Asia, Tony Pamell
        Photo by Chris Loh  -  561 words
      • Article
        Refinements at the Palace
        594 26  -  By JAIME EE JUST a few months ago, Shang Palacc restaurant at the Shangri-La Hotel was one of the few remaining old-fashioned, honky-type Chinese restaurants done up in harsh red and rosewood, where dimsum rolled along in trolleys and diners spoke loudly and ate heartily. After
        594 words
      • Article
        Stylish Italian goodness
        359 26  -  By JAIME EE HILTON Hotel's Harbour Grill is having an Italian promotion. Doesn't sound terribly exciting, until you eat chef Silvio Rivolta's food and realise something is missing the übiquitous tomato. Chef Rivolta hails from northwest Italy, where he holds court at his own Bontan restaurant in
        359 words
      • Article
        A commonsense approach to starting a wine collection
        741 26  -  Wine By N K YONG WHAT TO BUY You need a little initial knowledge to begin with, to become, in other words, wine-literate. You do not need a whole lot of knowledge; that can be acquired as you go along. Sources include
        741 words
    • Article, Illustration
      CINEMA
      1034 28 Amantes. Spanish tale of a dis- < charged soldier who is engaged to a maid. He lodges with a steamy widow, and the incvita- i ble happens. Then his fiancee 1 learns about the atTair. R(A). Hollywood: 1.30; 3.30; 7.30. Oriental: 11.30; 1.30; 3.30; 7.30; 9.30. H oodlands: 3;
      1,034 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      93 17 VMM REVERSO. AVANT-GARDE SINCE 1931. In 1931 anwrist- Sy jflj WATCH V AT HOME ON THE SPORTS FIELD OR IN p\ THE DRAWING ROOM. 6* X The reverso s of aA REVERSED protects AND v pppvßy^HH FITS SNUGLY TO YOUR I IV WRIST AND PER- KIJ |j In artdeco Originally
      93 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      48 18 g/. ■rMf/.v IwTTJm IjA i yM I M I n ■VI j£ j# #C JUL AUTUMN POEMS contemporary Chinese inks by Zhuang Shengtao 15th Oct-Bth Nov 1994 Shenn's Fine Art 8 Bukit Pasoh Rd (off Neil Rd) SO2OB Tel: 223 1233 Fax: *****38 10am-7pm daily (except public holidays)
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      Page 18 Advertisements Column 2
      122 18 BT welcomes letters from you. Please address them to: The Editor, Business Times, 390 Kim Seng Rd, S'porr 0923. Letters should include your contact numbers. MAGNIFICENT JEWELLERY EXHIBITION A Highly Important Diamond Choker and a Pair of Matching Pendent Earclips, by Reza Estimate on Request On view will be Highlights
      122 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      56 18 I ~1 Ljcr <bTf2\Ke CMONIOHT tSro FROTO WiGH to GeT AMOCIATIO NNWANM ITO, ,9g9S POONESBURY GARRY TRUDEAU THATJUST I&M&Cmz&GHIP. \[UHAtt CWZENSW* ALMOST OKK.ANDHieSTIU. I THAT MORAL QUAUTi SO XMSHAFS,6£rnN6WXX&, II HAVB WOPIUAFSTVGO! 6U&5 &S&*TIAL TO TH£FUNCTION- 56RVIC6. CON- d THe6.OP.AUX) &JT*AIRmiHAVB TDSKPFABWeSS!J IN6OFAWSUCC£S6fHJL <SERYIN6 t&CUROZ-AU-The NK6W ,r— COMMUNITY ANP NATION...
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  • PERSONAL FINANCE & INVESTMENT
    • BULLS' EYE
      • Article, Illustration
        BT SENTIMENT INDEX (Oct 24 – 28)
        51 20 BT SENTIMENT INDEX (Oct 24 28) Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities, Crosby Securities, Daiwa Securities, Nomura Research Institute, OCBC Investment Research, Ongco, Phillip Securities, Schroder Securities, Fraser Securities, W I Carr and Sassoon. Figures denote number of
        51 words
      • Article
        Buy!
        238 20 Schroder Securities (Oct 21) Sunright. Will benefit from strong growth in semiconductor industry. Immediate growth will come from increased testing facilities. The production and sale of proprietary GEN integrated burn-in and testing machines will provide an extra boost in FY96 earnings. EPS projected at 4.32 cents for FY95 and
        238 words
      • Article
        Subscribe
        60 20 Alliance Securities (Oct 20) Antah Holdings. Subscribe for warrant at 40.4 cents and buy rights to warrant up to M$1.22. Long-term earnings will be boosted by group's 20 per cent stake in company contracted to build M$1.3 billion (SS751.6 million) independent power production facility in Port Dickson. Forecast FY95
        60 words
      • Article
        Sen
        92 20 Schroder Securities (Oct 19) Diversified Resources Bhd. Overrated. Despite consensus forecast for FY95 of 18.1 sen, earnings will disappoint the market. Joint venture with Proton can't make money in first year. A 40 per cent fall in Isuzu vehicle sales will offset improved yen/M$ exchange rate. Management resources could
        92 words
      • Article
        What's ahead
        79 20 Mon, Oct 24. Kuala Lumpur: Public offer of shares in Kilang Papan Seribu Daya Bhd closes. Tue, Oct 25. Washington: US costs index for the third quarter and existing home sales for September. Taiwan: holiday. Wed, Oct 26. Washington: US September durable goods orders. Fri, Oct 28. Washington:
        79 words
      • Article, Illustration
        In my opinion...
        325 20  -  James K F Foo Director of Technical Analysis, Asia/Pacific MMS International Consider this scenario: last week's US capacity utilisation data confirmed strong economic growth, and Consumer Price Index (CPI) and Producer Price Index (PPI) numbers allayed fears of higher inflation. True to form, the numbers sparked a
        325 words
    • Article, Illustration
      Lock icon What's going to happen to YHSM?
      1071 20  -  THE WEEK By Joyce Quek IS there a happy ending to Yeo Hiap Seng Ltd's attempt to sell its 40 per cent stake in Yeo Hiap Seng Malaysia (YHSM)? News of the planned sale sent YHSM's share price leaping as investors piled into the
      Source: Bloomberg  -  1,071 words
    • Article, Illustration
      Stock market set to see strong 4th qtr
      639 20  -  Elaine Koh looks at the top picks of broker SBS HG Asia Elaine Koh A RESURGENCE in export activity and relatively loose monetary policy have set the stage for a strong fourth quarter for the Singapore stock market, a recent report by
      639 words
    • Article, Illustration
      Lock icon Good earnings growth driving Thai stocks up
      704 20  -  Eve on the Region The healthy profits trend of the first half is expected to continue, boosting the SET, reports Alan Boyd Alan Boyd Alan Boyd is a Bangkok-based journalist who contributed this article to BT THAI stocks are heading for a rebound
      Source: Bridge Info  -  704 words
    • Article, Illustration
      Pretty homes beckon, but watch for limited upside areas
      583 21  -  In this special report on Australian real estate, Tan Su Yen focuses on Queensland properties and warns of the pitfalls that lie in the path of the long-distance buyer while Doreen Soh looks at property prospects in each state Tan Su
      583 words
    • Article, Illustration
      Good buys around the country
      1103 21 SINGAPOREAN investors with deep pockets have been picking up hotels and residential apartments in Australia with the same casual ness that other tourists pick up stuffed koalas. Favourites are inner-city residential apartments in Sydney and Melbourne, houses in new suburbs in Perth and beachfront apartments
      1,103 words
    • Article
      Before you buy that property...
      1099 21 BUYING an Australian property in the comfort of a Singapore hotel function room on a Sunday afternoon is hardly as painless as it is made out to be. Hidden pitfalls await the long-distance buyer. If, in Batam and Suzhou, investors have had to grapple with
      1,099 words
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  • Page 21 Advertisements
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      194 21 Am Imwmhtdbl> mm# hr IfctM domllm§ la, or with, llifpirw «mI Mmsim The MeesPierson Guide to the Companies of Singapore and Malaysia is on essential guide providing key information on ail quoted companies' structure and performance. H rWDHMmOw rwVC# jwrnrfj m ovfsfoii^lii^ Company profiles Listings of major shareholders and directors
      194 words
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  • Page 26 Advertisements
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      29 26 o o o o O I <^ LEAD BY EXAMPLE For some of the best examples of good management. Enterprise Management. Every Monday. SINGAPORE# m Business Times WM KNOW ABA
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      Page 26 Advertisements Column 2
      12 26 PLAY SMART Be part of the good life. Lifestyle. Everyday. Business Times
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      Page 26 Advertisements Column 3
      104 26 jkawfl 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 mai, sotong balls, chicken wings, otak otak, pi/za, fried rice and nonya kuehs, home-made pastries fresh fruits. All these and lots more, just
      104 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      1015 27 BHfflfl WHERE TO WINE, DINE AND ENTERTAIN "'ZGigh Qea"itarts at tffiiqh Q(oen 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. All prices are subject to 10% service charge, 1* government tax
      1,015 words
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      Page 27 Advertisements Column 2
      439 27 Enougiio Enonaglio tnougli* 'Enough is enough. 35 appetisers, 20 desserts pCus main courses. 'Wfun our guests start on the appetiser spread at our monthly international lunch buffet, they never finish. In fact, they always end up conceding that theyve had more than enough. i Come try it to believe. |Q0
      439 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2283 28 TODAY'S TV ftl WftfUi 6.00 Morning News (M). Ar KTTFYCTTrm IS# *Est ?L?c.rt« <see 7.00 CNN N«ws ("S'k" Sarapan Malaysia. Law At Randado, 2pm, La Carte, 6.30pm, 7.00 £day 10 00 ui newly-appointed deputy has C* 12 goo Dunia Bintang. 11.00 Kelab Kanak-kanak. trouble maintaining the law. In the snow-covered
      2,283 words