The Business Times, 7 July 1995

Microfilm: NL20008
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    12 1 Business Times MITA(P) 194/12/94 Friday July 7 1995 WE KNOW ASIA 85«
    12 words
  • 2.30am LATEST
    • Article
      Dow up 3.8 points
      71 1 NEW YORK Wall Street stocks rose slightly yesterday on news of the US Federal Reserve cutting the federal funds rate by a quarter percentage point. The Dow Jones Industrial Average was up 3.81 points to 4,619.04 at 2.30 pm EDT. At 1 pm EDT in the
      71 words
  • Article
    Untitled
    166 1 Stock market indices Thursday Change STI1 2.133.65 +5.40 KLSEComp 1.045.35 -2.47 Nikkei 15.256.89 +426.45 Hang Seng 9.376.87 -30.40 SET Index 1.427.57 -2.89 Jakarta Comp 499.48 +0.89 Manila Comp 2.834.27 +15.41 Taipei WPI 5.478.18 -4.14 Seoul Comp 914.95. +9.97 Bombay BSE30 3.161.61 -1.01 CLSA China B 778.83 +3.48 Aust All Ord
    166 words
  • Article
    Auditor raises doubt whether EML can continue operating
    430 1  -  By David Mok SINGAPORE There is "substantial doubt" that lossincurring videotape maker Electro Magnetics Ltd (EML) can continue to operate, said its auditor, Arthur Andersen Co. In its report on EML's 1994 financial statement released on Wednesday, Arthur Andersen Co also said
    430 words
  • Article
    KL may cap stamp duty on share deals
    842 1  -  From Ho Kay Tat in KUALA LUMPUR WITH the uproar and misunderstanding over the new commission-sharing scheme largely settled, there may be more good news for foreign stockbrokers trading in shares on the Kuala Lumpur Stock Exchange (KLSE). Malaysian regulators are planning
    842 words
  • Article
    CMSP a test case for Chinese secondary listings in S'pore
    332 1  -  By Teh Hooi Ling SINGAPORE China Merchants Shekou Port (CMSP) is the all-important test case for future secondai7 listings of Chinese companies here. If the launch is well accepted and the trading volume is good upon listing, merchant bankers said,
    332 words
  • Article
    Nikkei rises to crack 15,000 mark
    170 1 TOKYO Japanese stocks rode on a spirited buying of electrical shares mainly by foreign investors to push the Nikkei Average above the 15,000point mark yesterday for the first time since June 26, brokers said. Arbitrage-linked buying in the late afternoon also boosted prices, they
    170 words
  • Article
    Lock icon Fed cuts rate by 1/4 point
    271 1 AP, Reuter WASHINGTON The Federal Reserve yesterday cut the federal funds rate by a quarter percentage point from 6 to 5.75 per cent the first decrease in nearly three years to present any dramatic economic decline. A second key interest rate, the discount rate,
    AP,; Reuter  -  271 words
  • Article
    Borrower is king as banks fight for share of debt market
    609 1  -  By Catherine Ong, Paul Leo SINGAPORE Intense competition among banks in Singapore and the region is turning the domestic and ofTshore debt market into a borrowers' paradise, with even lower-rated companies enjoying competitive pricing. Bankers interviewed by BT said
    609 words
  • Page 1 Advertisements
Page thumbnail Page 2
  • SINGAPORE NEWS
    • EYE on the ECONOMY
      • Article, Illustration
        Lock icon Retained imports up 11.3% in May
        285 2  -  By Genevieve Cua RETAINED imports rebounded 11.3 per cent in May, boosted by a pick-up in domestic demand for industrial items. The figures indicate that manufacturing output may also rebound, as measured by the index of industrial production. The index for May is not
        Source: Dept of Statistics  -  285 words
    • Article
      22nd Annual Report Awards Competition kicks off
      325 2 THE 22nd Annual Report Awards Competition will be a contest that emphasises improvements in reports on profit, corporate plans and shareholders. Competition chairman Tan Boen Eng said yesterday that the judging committee will be looking for ind|>stfy-specific performance measures of profit and productivity,
      325 words
    • Article, Illustration
      Lock icon HK tycoons planning to list Suntec Investment
      605 2  -  Reports Jenny Lam SUNTEC Investment (SI), the investment vehicle for a group of well-known Hongkong tycoons, is likely to merge with Suntec City Development (SCD) as part of a plan for public listing in the next two years. "Listing here is important to
      Photo by Arthur Lee  -  605 words
    • Article
      Set for bigger profits with 5 active subsidiaries
      333 2 SUNTEC Investment (SI) is poised to become a profitchurning machine now that it has formed five active subsidiaries, said SI director Robert Wang. He expects a recurrent profit of between $5 million to $6 million from the group in two years and
      333 words
    • Article
      Japan firms join Sicom as non-clearing members
      191 2 TWO Japanese commodity companies have joined the Singapore Commodity Exchange (Sicom) as non-clearing member brokers. The entry of DF Asia Pte Ltd and Kobayashi Yoko Singapore Pte Ltd brought to nine the number of member brokers, Sicom said in a press release. Both
      191 words
    • Article
      Accor looks for local investors to pump $26m into Aussie hotels
      444 2 FRENCH-OWNED hotel group Accor Asia Pacific (AAPC) is looking for investors from Singapore and Malaysia to cough up As 26 million (5525.7 million) for four motels in Australia, to be managed as Mercure Inns. And the group aims to
      444 words
    • Article, Illustration
      Court turns down Pillai's request for hospitalisation
      310 2  -  From K P Nayar in NEW DELHI FORMER Asian "Biscuit King" Rajan Pillai was told by a spccial magistrate yesterday that his condition did not warrant hospitalisation or a medical examination. This means that Pillai, whose extradition is sought by the Singapore government,
      310 words
    • Article
      Cisco makes regional debut with joint venture in Beijing
      210 2 THE COMMERCIAL Industrial Security Corporation, better known as Cisco, has gone regional with a joint venture in China. Its subsidiary, Cisco International PRC Pte Ltd, yesterday signed a 25-year agreement to set up a security firm in Beijing. Cisco International will
      210 words
    • Article
      US security consultant plans local office to meet increase in demand
      258 2 SECURITY consultant Kroll Associates plans to open an office in Singapore in the next three months. Company president Robert McGuire, visiting Singapore, said: "As more companies make Singapore their regional headquarters, we face increasing demand for our services." Well-known
      258 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      104 2 Biz Card Manager^ The easiest way to manage all your business contacts! ********** vpnem p Biz Card Manager scans and reads all your business cards and automatically creates a database of your business contacts. With Biz Card Manager, you can... Scan cards (any orientation) OCR and read card contents Store
      104 words
    • Advertisement
      Page 2 Advertisements Column 2
      118 2 Discover art with a difference on the 4th floor, I'M I Orchard Point. Here, you'll find museum-quality i-j porcelain, collector's pieces, quaint sculptures, paintings 8 I by renowned artists and even home decor ideas. Or, p wander into the Exhibition Hall and simply explore QQSCIDQQ ft ft Pi scov&k Tne-
      118 words
Page thumbnail Page 3
  • SOUTH-EAST ASIA
    • Article, Illustration
      Indonesia withdraws Mantiri as new Australia ambassador
      518 3  -  From Leslie Lopez in JAKARTA DIPLOMATIC ties between Indonesia and Australia plunged into rocky terrain yesterday after Jakarta reluctantly cancelled the appointment of its new ambassador in Canberra. In a surprising turn of events, Foreign Minister Ali Alatas said the Indonesian government had
      518 words
    • Article
      Vietnam outlook bright except for inflation: Barings
      297 3  -  By Harish Mehta SINGAPORE Vietnam is headed for impressive economic growth, a sharp rise in export earnings and an increase in industrial production this year a forecast marred only by an alarming rise in inflation. Baring Securities says in its latest Vietnam Review
      297 words
    • Article, Illustration
      Lock icon Vietnam hopes to spawn more business
      56 3 Reuter HANOI A Vietnamese father and son looking at a water tank stocked with fish during the opening of Vietnam Fisheries '95" here on Wednesday. The exhibition, with local and foreign companies taking part, focuses on Vietnam's potential in aquatic resources and its development
      Reuter  -  56 words
    • Article
      Lock icon Malaysia will open financial sector but protect local interests
      226 3 AFP KUALA LUMPUR Malaysia will gradually open up its financial services sector to foreigners, but will not accord automatic national treatment to safeguard local interests, ccntral bank governor Ahmad Don said yesterday. While a global pact for trade in services is
      AFP  -  226 words
    • Article
      Lock icon Probe provisionally absolves Genting in killer landslide
      206 3 AFP KUALA LUMPUR A Malaysian gaming group has been provisionally cleared of responsibility in a landslide near here last week which killed 21 people who had been heading for the company's casino resort, officials said yesterday. Genting Bhd, which is controlled by Malaysian
      AFP  -  206 words
    • Article
      Lock icon Bhutto in M'sia to boost economic ties
      64 3 Reuter KUAIA LUMPUR Pakistani Prime Minister Benazir Bhutto arrived in Malaysia yesterday for a three-day visit to boost economic tics between the two Asian nations. With her were her husband and a 20-mcmbcr team including Foreign Affairs Minister Asseff Ahmad Ali, Minister of
      Reuter  -  64 words
    • Article
      Lock icon Ramos hints at Spratlys breakthrough
      100 3 Reuter MANILA President Fidel Ramos hinted at a possible breakthrough in the diplomatic row between the Philippines and China over the disputed Spratly Islands in the South China Sea. "Just w a,t we arc going to sec a more moderate action taking placc (in) one
      Reuter  -  100 words
    • Article
      Lock icon Thai banks may be forced to merge
      92 3 Reuter BANGKOK Thailand's small and medium banks may have to merge to face increasingly competitive foreign-owned banks, a research group said. The Thai Farmers Research Centre said foreign banks' market share was only 6.89 per cent of total commercial bank lending as of
      Reuter  -  92 words
    • Article
      Lock icon IMF lets Manila raise money supply
      62 3 Bloomberg Business News MANILA Bolstering prospccts for economic growth this year, the International Monetary Fund has agreed to allow the Philippines to increase its money supply. This means more loan funds are available for businesses to expand and modernise. "The Philippine <xonomy is dynamic
      Bloomberg Business News  -  62 words
    • Article
      Lock icon Asean's Thai imports overtake US'
      66 3 Bcrnama BANGKOK Ascan countries have become the biggest market for Thai exports in the first five months of this year, overtaking the US for the first time, Thai Permanent-Secretary for Commerce Charac Chutaratanakul said yesterday. Thai exports to Ascan countries, from January to May totalled
      Bcrnama  -  66 words
    • Article
      Lock icon Manila lets foreign car makers in
      108 3 UPI MANILA The Philippines said yesterday it would open up ccrtain categories in car manufacturing to foreign players but give local firms higher tariff protection. The trade and industry department said it will allow foreign car makers to produce mid-range cars with engine displacements
      UPI  -  108 words
    • Article
      Lock icon Ramos woos investors with promise of better environment
      301 3 Reuter MANILA Philippine President Fidel Ramos wooed foreign investors yesterday with a promise of a less restrictive and more responsive investment climate and "an emerging market that will not collapse on you". In a speech prepared for a capital markets conference, Mr
      Reuter  -  301 words
    • Article
      Lock icon Red threats trip up Manila power sector plans
      269 3 AFP MANILA Threats from communist guerillas to target executives of foreign oil firms who have petitioned the Philippine government to raise prices of petroleum products complicates the task of building up the power sector. Police units have been put on alert and
      AFP  -  269 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      48 3 I It > f '\i fradcwithfs xs,,KU > s J. x i', ;'r., ,KUM whcmmkwh umimiimvii (vm 88 ihimjw .v /kumrr qn<iht\ mm I Mom M. 5 HUH IUIV.IHMIKWI' Mril-NIIOtHv SMI fc \IIKXV II MINI. UUH sIMI H\\|| IOIHtUiIH \vv»l\ 24 hr% 'vM 1 88 M "WW* })1 )4h\ 1
      48 words
Page thumbnail Page 4
  • CHINA /HONGKONG /TAIWAN
    • Article
      Lock icon Shanghai adopting S'pore township idea
      470 4 The Straits Times SINGAPORE Shanghai is taking up Prime Minister Goh Chok Tong's suggestion for Singapore property developers to help build a residential township in the Chinese city. Visiting Shanghai ViceMayor Xia Keqiang, who takes charge of construction in the municipality, told The Straits Times
      The Straits Times  -  470 words
    • Article
      Lock icon Beijing reaffirms 4 Pudong developers' tax breaks
      362 4 AFP, Bloomberg Business News SHANGHAI China gave an earnings reprieve to four local real estate developers, extending tax privileges in the highprofile Pudong district in Shanghai for at least five years. "According to a recent central government document, the previous tax-free policy for
      AFP,; Bloomberg Business News  -  362 words
    • Article
      Lock icon Naval officer seeks UK help over HK's inaction on missing vessel
      228 4 AP HONGKONG A senior naval officer, refused permission to search for a freighter seized by China, went over the Hongkong government's head and appealed directly to London, the South China Morning Post reported yesterday. Governor Chris Patten was said
      AP  -  228 words
    • CHINA WATCH
      • Article
        Lock icon Mercedes denies winning China deal
        131 4 Bloomberg Business News STUTTGART German carmaker Mercedes-Benz AG said the Chinese government has not decided on a joint-venture partner for a US$l billion (SSI.4 billion) luxury car venture in China. Business daily Handelsblali reported yesterday that the DaimlerBenz AG unit had outdone competitors from the
        Bloomberg Business News  -  131 words
      • Article
        Lock icon Taiwan calls for continued talks
        86 4 AFP TAIPEI Taiwan yesterday called for continued negotiations with China in order to resolve fishing and other practical issues between the two sides after Beijing accused the Taiwanese navy of killing a Chinese fisherman. "There is a need for our two sides to maintain a
        AFP  -  86 words
      • Article
        Lock icon Millions mobilised to combat floods
        108 4 AP BEIJING Flood waters swamped some of southern China's poorest areas and threatened one of its largest cities as millions were mobilised to shore up river banks, officials and state-run media said yesterday. About 600 people have died in the recent flooding as heavy storms
        AP  -  108 words
      • Article
        Lock icon Tie-ups with foreign insurers probable
        99 4 Bloomberg Business News HONGKONG China may allow foreign insurance companies to form joint ventures with Chinese companies, the Chineselanguage Ming Pao Daily News reported yesterday. Citing comments by Deng Hongguo, an official at the People's Bank of China, the paper said the central bank would
        Bloomberg Business News  -  99 words
    • Article, Illustration
      Lock icon Patten faces the gathering storm armed with a stiff upper lip
      1064 5  -  HK governor's 'best in the world' job has now become only 'a job that matters' From Steve Vines in HONGKONG TIME is running out for Chris Patten, the last governor of Hongkong. Saturday marks the third anniversary of his
      Reuter  -  1,064 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      171 4 PROMOTION NOW IS THE CHANCE TO OWN AN EXQJJISITE OFFERMANN WALLET FOR ONLY $150* During the promotion period from now till end of july ■mr 11 »,....WIT' Calf POCKETS. ID CARD COMPARTMENT. TWO SECRET POCKETS FOR SAFE DEPOSIT KEYS. Name card holder. Two currency notes COMPARTMENTS. COINS COMPARTMENT. ONE'YEAR REPLACEMENT
      171 words
    • Advertisement
      Page 4 Advertisements Column 2
      100 4 I a RARE OPPORTUNITY to hear I Krystian Zimerman two recitals 14 and 15 July I master classes 13 July S live f (audience invited) I in Singapore vB i v I Recitals Master Classes 14,15 July 13 July 1995 I Programme Six Singaporean and Malaysian pianists will play for
      100 words
Page thumbnail Page 5
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      97 5 'Dear (?u±t<uitcr. \J ou can now be your own Architect. Choose property in PERTH, BRISBANE, GOLD COAST or SUNSHINE COAST for as little as the cost of a motor car. Visit your old fashioned Realtor, VICTOR MORRIS established since 1959. No Cheap gimmicks, just Aussie prices. You can't go wrong.
      97 words
    • Advertisement
      Page 5 Advertisements Column 2
      80 5 Sust ask our resident experts VPV Edmund Shukor. Not only m&m ri -?SI V j will they tell you what excellent M B value their impeccable city, tribal and village carpets represent. They'll also be happy to instruct i- you in the maintenance of said carpets. After all, don't they
      80 words
Page thumbnail Page 6
  • ASIA
    • Article
      Lock icon Strong yen pushes up current account surplus to US$8.9b in May
      487 6 Reuter TOKYO Japan's current account surplus, its broadest measure of trade in goods and services, shot up to US$B.94 billion (5512.5 billion) in May from US$B.34 billion a year earlier, the Finance Ministry said yesterday. Economists said they expected
      Reuter  -  487 words
    • Article
      Lock icon A cool, cruel summer for some Japanese industries
      399 6 Bloomberg Business News TOKYO Pummelled by the muscular yen, shell-shocked by subway gas attacks and the worst earthquake since 1923, Japan's economy is experiencing yet another setback: an unusually cool summer. Two years ago, cool wet weather played havoc with the nation's
      Bloomberg Business News  -  399 words
    • Article, Illustration
      Lock icon Mandela honoured
      52 6 AFP SEOUL South African President Nelson Mandela acknowledging an applause after receiving an honorary doctorate in philosophy at the Seoul National University yesterday. Mr Mandela, who is on an Asian tour to attract investment to his country, is the first South African head of state to visit South
      AFP  -  52 words
    • Article
      Lock icon Mystery smell sparks new Tokyo subway alert
      301 6 Reuter, KnightRidder TOKYO Japan's police, on heightened alert after abortive cyanide gas attacks in Tokyo's subways, rushed to the capital's main railway terminal yesterday after commuters complained of a foul smell, but nobody was hurt. Tokyo police said they did not know the
      Reuter,; Knight- Ridder  -  301 words
    • Article
      Lock icon S Korean builders land more jobs abroad despite tarnished image
      350 7 AFP SEOUL Overseas construction orders landed by South Korean builders shot up by more than 40 per cent during the first half over last year, despite a recent series of disastrous construction-related accidents here. The Overseas Construction Association of Korea
      AFP  -  350 words
    • Article
      Lock icon Bangladesh seeks more cellular phone network operators
      230 7 AFP DHAKA Bangladesh, hoping to bring the entire country under a cellular telephone network, will continue to encourage private investment in the sector. Officials yesterday said the government recently won a court action against a private company representing Hutchison, which had held a
      AFP  -  230 words
    • Article
      Lock icon Good cotton crop vital for Pakistan to meet export targets
      328 7 Reuter KARACHI Pakistan's chances of achieving its export targets for the fiscal year ending June 1996 hinge on a good cotton crop and an end to violence in the port city of Karachi, analysts and businessmen said. The trade policy
      Reuter  -  328 words
    • Article
      Lock icon June Aussie jobs growth seen strong
      73 7 Knight-Ridder CANBERRA Despite rapid slowing in the Australian economy this year, economists are expecting robust jobs growth in the June employment data to be released next Thursday. Job creation has been outstripping forecasts for some months, and 10 economists said they expected the workforce
      Knight-Ridder  -  73 words
    • Article
      Lock icon India's junior officials threaten strike
      72 7 Knight-Ridder BOMBAY Junior officials of India's federal government have threatened to strike on Wednesday to protest over the "paltry" wage rise announced earlier this week, the United News of India said. The nine organisations representing them, including some from postal and telecom workers, said the
      Knight-Ridder  -  72 words
    • Article
      Lock icon S Korea trade deficit may top US$10b
      75 7 Knight-Ridder SEOUL Minister of Trade, Industry and Energy Park Jae-yoon said yesterday South Korea may see a trade deficit of over US$lO billion (5513.9 billion) this year, more than the earlier estimate of US$9.5 billion, according to a ministry spokesman. The minister privately
      Knight-Ridder  -  75 words
    • Article
      Lock icon Aussies threaten French with mail ban
      87 7 AFP SYDNEY Australian workers said yesterday they would ban mail deliveries to the French embassy and consulates to protest against planned French nuclear tests in the South Pacific. The ban, which will include the installation and maintenance of telephone equipment, will begin on July
      AFP  -  87 words
    • Article
      Lock icon Seoul ex-envoy defends leak of govt papers
      108 7 Reuter WELLINGTON A former South Korean diplomat seeking political asylum in New Zealand alleged yesterday that President Kim Young Sam had offered him a promotion if he turned the heat on an opposition leader. Choi Seung Jin, sacked last week as South Korean
      Reuter  -  108 words
    • Article
      Lock icon Canberra plays down fears of collapse of Apec trade agenda
      309 7 Knight-Ridder CANBERRA Australia is downplaying fears of a breakdown in the Asia-Pacific Economic Cooperation trade liberalisation agenda after four countries reportedly demanded special tariff reduction exemptions at a meeting of the forum's senior officials. "Some countries do have difficulties with
      Knight-Ridder  -  309 words
  • Page 6 Advertisements
    • Advertisement
      Page 6 Advertisements Column 1
      1596 6 UMBC Finance Ltd U mi c Incorporated in Singapore FINANCE WHOLLY OWNED BY UNITED MALAYAN BANKING CORPORATION BERHAO BALANCE SHEET AT 31 JANUARY 1995 4 OTH€ 'g 4 1 «5 6 'ce* Unquoted equity shares at cost M M 50,000 No,e Unquoted equity shares in an ASSETS associated company at
      1,596 words
    • Advertisement
      Page 6 Advertisements Column 2
      1054 6 UNION BANK OF FINLAND LTD (renamed as Merita Bank Ltd as of 2nd June 1995) Statement of accounts for the year ended 31st December 1994 Consolidated Balance Sheet (fw miii.) Consolidated Income Statement m 1.1-31.12.1994 1.1-31.12 1993 Income ASSETS 31.12.1994 31.12.1993 Interest income 9 269 ***** Income from special finance
      1,054 words
Page thumbnail Page 7
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      82 7 A new way to make your profits take off jjjj Streetlife Dayhfe Nightlife Convenience Chouses. All around. All the time. This is .J r <■>£»«,, Joint Marketing Afnts: Swee Cheng Management Pte Ltd DTZ Debenham International Pte Ltd TteL 738 4388 Fax: 734 8520 TW ;225 5884 Fax; 224 2631
      82 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      253 8 KV/ERNER Quality H rib, A Matter of Customer's Satisfaction iso 9ooi M l M Kvaerner Singapore Re Ltd is the sole manufacture* of Eureka \m 9 1 Ship Pumps and Pumping Systems for the total worktmarkets. At Kvaerner Singapore, correct quality is a common goal. It jgjPjgfg accreditation is our
      253 words
Page thumbnail Page 9
  • Page 9 Advertisements
    • Advertisement
      Page 9 Advertisements Column 1
      371 9 rt^O 1 manufacturer of Eureka ij y|^^HHH he total world markets. ——dl yHHHH ility is a common goal. It Z I latters of precedence. Jtt* I >ugh well-documented 1- 1 y^Bh ur systematic approach ar message to our valued am ilace on satisfying Mirii.||, fjjjjk irfiTfl|| ENQ»«fWiGPTELTD"| 30frB*afc Road #33-03
      371 words
Page thumbnail Page 10
  • ADVERTISING & MARKETING
    • COPY LINES
      • Article
        7-Eleven S'pore dumps Pepsi for Coke
        73 10 SINGAPORE F&N Coca-Cola and 7-Eleven have sealed a three-year deal to supply Coca-Cola, Sprite and other F&N soft drinks on the chain store's fountain and Slurpee machines. 7Eleven's 78 Singapore outlets previously carried Pepsico brands, but the convenience chain has chosen not to renew
        73 words
      • Article
        Snapple makes comeback here
        54 10 SINGAPORE America's favourite fruit beverage Snapple is being relaunched here, following Quaker Oats' US$l.7 billion (552.3 billion) takeover of Snapple Corporation. Snapple's eightflavour lines previously available in Singapore have been streamlined to six, but Quaker plans to bring two to three more flavours here by the
        54 words
      • Article, Illustration
        Gardenia launches its Fun Buns
        42 10 SINGAPORE Gardenia has brought Fun Buns to the market, priced at $1.30 each. These bite-sized "anytime" buns are filled with kaya (coconut-flavoured jam) or red bean fillings. They come in fours and have a five-day shelf life.
        42 words
      • Article
        Solvil signs on Andy Lau for ad blitz
        54 10 SINGAPORE Watchmaker Solvil et Titus has picked Hongkong singer and actor Andy Lau as its campaign hero in a new HKSIO million (551.82 million) advertising campaign. Sole distributors City Chain, which already has 32 outlets, will open two more shops in Suntec
        54 words
    • Article, Illustration
      Running, running, into the ground
      1030 10  -  Change seems to have overtaken ad agencies in Singapore. They appear burnt out and bereft of passion. Chan Siew Ling talks to the key players and finds out why Chan Siew Ling JUST like herds of wildebeest migrating on East Africa's Serengeti Plains, advertising agencies
      1,030 words
    • Article, Illustration
      Hill & Knowlton chief takes on difficult task of returning group to the black
      606 10  - Hill Knowlton chief takes on difficult task of returning group to the black The head of Hill Knowlton, a former White House staffer, shares with Michelle Low the challenges facing the PR company Michelle Low Hill knowlton chairman and chief executive Howard Paster has an unenviable task on his hands
      606 words
  • Page 10 Advertisements
Page thumbnail Page 11
  • SPORTS
    • Article
      Lock icon Graf to face Sanchez Vicario in final
      491 11 Wimbledon AP WIMBLEDON Five-time champion Steffi Graf continued her mastery over Jana Novotna yesterday, beating her in three sets to reach the Wimbledon final. The top-seeded Graf raised her game after losing the first set and rallied for a 5-7, 6-4, 6-2 victory
      AP  -  491 words
    • Article
      Lock icon PASSING SHOTS
      545 11 AFP AP AP AP AP Lucky break: Goran Ivanisevic looks like he is going to have "a smashing time" for the rest of this year's Wimbledon. The volatile fourth-seeded Croatian has convinced himself that destroying a racket brings him luck and he clearly has no intention of breaking
      AFP; AP  -  545 words
    • Article, Illustration
      Lock icon Matsuoka bows out with grace
      253 11 AFP LONDON Shuzo Matsuoka, the first Japanese player to reach the quarter-finals at Wimbledon in 62 years, crashed out of the tournament on Wednesday when he was beaten in four sets by defending champion Pete Sampras. But he was given a tremendous ovation from the
      AFP; Reuter  -  253 words
    • Article
      Lock icon Becker shows what Wimbledon is all about
      768 11 LAT-WP WIMBLEDON He showed he still owned the place even while shoved out on to Court 1 playing against a Frenchman in a baseball cap. His knees creaked, his serves flattened out by the hour, and his nerves jangled for all the tennis
      LAT-WP  -  768 words
    • SIDE LINES
      • Article
        Lock icon Norman hopes for luck of the Irish
        105 11 AP KILKENNY, Ireland With another US Open disappointment behind him, world No 1 golfer Greg Norman continues his buildup for this month's British Open when he returns to Ireland for the first time in 11 years. Norman was the expensive drawcard in the
        AP  -  105 words
      • Article
        Lock icon Eriksson leads Asia-Pac rally
        102 11 Reuter MEDAN, Indonesia Sweden's Kenneth Eriksson in a Mitsubishi heads a highly competitive field in the opening round of the Asia-Pacific car rally championship starting on the rugged Indonesian island of Sumatra today. But Eriksson will be hard-pressed to repeat his 1994 success in the Indonesia
        Reuter  -  102 words
      • Article
        Lock icon England-S Africa rugby match in Nov?
        150 11 Reuter LONDON England rugby union captain Will Carling said on Wednesday that he believed the national team would compete against World Cup winners South Africa in November as fullyfledged professionals. He also predicted that there would be no 1997 British Lions tour of South
        Reuter  -  150 words
      • Article
        Lock icon Campese denies talk of his retirement
        134 11 Reuter SYDNEY Australian winger David Campese dispelled speculation about his playing future yesterday following a disappointing World Cup by saying he wanted a century of rugby union Test caps. The 32-year-old world record try scorer, a veteran of 91 tests, told reporters: "I'm so
        Reuter  -  134 words
      • Article
        Lock icon NBA comeback for Magic Johnson?
        101 11 AP INGLEWOOD, California For now, in the calm of a fantasy basketball camp in Hawaii, it sounds tantalising: Magic Johnson is pondering another comeback to the National Basketball Association. The Lakers are interested, but they want him to make up his mind soon. They do
        AP  -  101 words
    • Article, Illustration
      Lock icon Price all set for the Western front
      524 11 Golf AP LEMONT, Illinois No topfive finishes on the PGA Tour. Ranked 49th on the money list. Too many demands on his time. And now, a mysterious hip injury. The Western Open has arrived just in time for Nick Price. "When you come
      AP  -  524 words
    • SCORE CARD
      • Article, Illustration
        Baseball
        72 11 NEW YORK Major League on Wednesday NL: Florida 4 San Diego 7 (10 innings); Cincinnati 9 SF 0; Pittsburgh 7 Philadelphia 4; Atlanta 4 LA 1; NY 5 Chicago 4; Colorado 4 Houston 2; St Louis 4 Montreal 3 (10 innings). AL: Detroit 8 Seattle 6; Baltimore 2 Minnesota
        72 words
      • Article, Illustration
        Cycling
        85 11 LE HAVRE, France Tour de France 4th stage (162 km from Alencon) on Wednesday: 1 Mario Cipollini (Ita) Mercatonc Uno 3 hrs 40 mins 23 sec 2 Erik Zabel (Ger) Telckom-ZG 3 Frederic Moncassin (Fra) Novell 4 Thierry Laurent (Fra) Castorama 5 Frankie Andreu (US) Motorola all same time.
        85 words
      • Article, Illustration
        Lock icon Golf
        307 11 Reuter HONGKONG Asian PGA Order of Merit (two events): 1 Park Nam Shin (Kor) U5535,218 2 Car- Los Espinosa (Mex) 25,065 3Hendrik Buhrmann (RSA) 22,260 4 Nico Van Rcnsburg (RSA) 18,392 5 John Kernohan (US) 13,926 6 Amandeep Johl (Ind) 12,400 7 Robert Willis (Aus) 11,625 8 Clay Devcrs
        Reuter  -  307 words
      • Article, Illustration
        Tennis
        91 11 LONDON Wimbledon championships quarter-finals on Wednesday Women's doubles: l-Gigi Fernandez (USVNatasha Zvereva (Bcla) b 11-Conchita Martinez (SpnVPatricia Tarabini (Arg) 6-2 6-1; 2-Jana Novotna (CzcVAranixa Sanchez Vicario (Spn) b 8-Nicole Arcndt/Pam Shriver (US) 7-6 (7-3) 7-5; 5-Meredith McGrath (USVLarisa Nciland (Lat) b Lori McNeil (USyHclena Sukova (Cze) 4-6 6-4 6-3;
        91 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      45 11 GH I Pin n I *£t LI 'N jITJ/fy for Baixyw Tree Phuket L'i-O AY S Ist Year Anniversary Celebration lb *1 3D2N SSBSO Jj» Price Includes airfare, accommodation at Garden WW*. dally ABF. 2 rounds of all Ute land transfer^^^&T CRUISE TMVEL "*k) u*
      45 words
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      1085 12 II Budweiser ji ii mld Qm »i^ T /ifrTß -Hi where to wine, dine and entertain JL MORLO-S LARGEST SELLMG BEER JE ~^u-»-4h PASTA FRKSCA OA SALVATORE THANK YOU To His Excellency Dr Enrico Augeßi {Ambassador of Italy) for gracing the opening ceremony, to all our friends. associates and those
      1,085 words
    • Advertisement
      Page 12 Advertisements Column 2
      261 12 The Day You Dinf. At Tript f X Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3. an irresistible spread featuring some S 60 hot and cold dishes, plus tempting desserts. Call us now to make your reservations at 831 6271/2.
      261 words
Page thumbnail Page 13
  • LIFESTYLE
    • Article, Illustration
      Lock icon Behind Psycho's shower curtain
      939 13  -  Star Janet Leigh pours cold water on misconceptions about the Hitchcock thriller, writes Christopher Lehmann-Haupt Christopher Lehmann-Haupt NYT DESPITE being far surpassed by subsequent films in violence, bloodiness and sexual explicitness, Alfred Hitchcock's Psycho remains a benchmark in movie-making even 35 years after its original release.
      NYT  -  939 words
    • Article
      Lock icon He can't be Jodie's Buddy
      179 13 CHATTERBOX UPI UPI UPI AP BUDDY Foster, big brother of Oscar-winning actress Jodie Foster, said she elbowed her way past him into a commercial when she was four. In a tell-all biography. Buddy will also say Jodie has had love affairs with men since the
      UPI; AP  -  179 words
  • Page 13 Advertisements
    • Advertisement
      Page 13 Advertisements Column 1
      263 13 WHERE TO WINE, DINE AND ENTERTAIN ■■■nniHnnHßHpnHnsfflk A sumptuous and delightful spread of afternoon hi WJ tea delicacies awaits you at the Cafe Aladdin. M M Choose from a variety of hot desserts fish or chicken porridge, sicw mai, sotong hulls, chicken a W wings, otak otak. pizza, fried rice
      263 words
    • Advertisement
      Page 13 Advertisements Column 2
      85 13 TSINGTAO BEER Standing tall with its Superb Flavour Tsingtao, a rich strong flavoured beer brewed with sparkling, spring water from the famous mountains of Laoshan. Its superb taste, praised and awarded the world over since 1963, quenches your thirst... revitalises your body... makes you feel good! ]H Tsingtao, it's on
      85 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      1120 13 1 TV RADIO Wimbledon Bpm, Ch The singles from the Lawn meets Boris Becker; has the German good form. Pete meets .^iP' replay Commando, 8.30pm, Ch Schwarzenegger how Rambo would look with a a retired commando whose daugh- jCfc^^B ter kidnapped by renegades *JfiH^V who a Latino Rae Dawn Chong
      1,120 words
Page thumbnail Page 14
  • Article
    Two watchwords for bankers
    542 14 IT WAS ironic that soon after the Association of Banks in Singapore had warned its members against en bloc poaching of staff, came news of the likely en bloc retrenchment of a Singapore team at SG Warburg, the investment bank bought over recently by Swiss Bank
    542 words
  • Article
    Lock icon Creative technologies
    319 14 The Straits Times July 6 RESPONDING to comments on the need for the education system to focus on creativity, Education Minister Lee Yock Suan put matters in perspective during a parliamentary debate last March. "Our education system has developed in response to pressure from our society which has
    The Straits Times July 6  -  319 words
  • Article
    Blind followers
    202 14  -  Lianhe Zaobao ABBAS SAAD, who has been convicted and fined $50,000 for conspiring to fix a number of Premier League matches last year, is appealing against a life ban imposed by the Football Association of Singapore. The FAS is standing firm by its decision and has rejected the
    202 words
  • Article
    Time to deliver
    110 14  -  Berita Harian THE PEOPLE of Thailand should be happy with the recent general election, even if the results and the composition of the new government may not be the ideal one. However, judging from the stock market's reaction, the business community seems cautious about the new government
    110 words
  • Article
    Lock icon A sinister replay
    97 14 Eastern Express July 5 SHADES of Kissinger-style hush-hush diplomacy and all its sinister connotations come to mind with the news of the top-secret meeting in Beijing between Chief Secretary Anson Chan and the director of the Hong Kong and Macau Affairs, Lu Ping, over the weekend. The
    Eastern Express July 5  -  97 words
  • Article
    Lock icon Everybody's accountable
    86 14 The New Straits Times July 5 BETTER safety standards emerging out of the Highland Tower debris with the soon-to-be-gazetted amendments to the Uniform Building By-law will hopefully see a greater respect for public safety among owners of buildings. The onus being on the building management or owner to
    The New Straits Times July 5  -  86 words
  • Article, Illustration
    Lock icon Measuring human capital
    985 14 The task is filled with pitfalls but one way is to look at wages earned as a return on education The Economist INVESTING in people is a popular political goal in rich and poor countries alike. Rich-country politicians talk of "skills deficits" and the need to improve
    The Economist  -  985 words
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      92 14 This announcement appears as a matter of record only. AO \0 Bakrie Investindo PT BAKRIE INVESTINDO (Incorporated in the Republic of Indonesia with limited liability) U5567,000,000 Senior Secured Exchangeable Bonds due 2000 Bond Investors The HSBC Private Equity Fund, L.P. Prudential Asset Management Asia Limited Peregrine Indonesia Fund Limited Search
      92 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      83 14 no Ncmce J (pofmong a sWerneNT 1 SftY LOOK M-THtfT CHAPA VJT'S 2>*'SToU) J X k SHTinG THeOE bOITH HIS J V 1 V ff=fl POONESBURY GARRY TRUDEAU S2V2k YEAH, nMSSOU*# V XHJB W miuKß once rnl X > gfefa ii 6MN6UP IN NEW X W mSM |l 7H/NO YORK..
      83 words
Page thumbnail Page 15
  • ANALYSIS
    • Article, Illustration
      Demand far outstrips supply in thriving bond market
      1135 15  -  Rise in funds held and invested by insurance companies is seen to underpin growth in the local bond market, report Catherine Ong and Paul Leo Catherine Ong,Paul Leo THE Singapore dollar bond market is thriving but there is not enough supply to
      1,135 words
    • Article
      Syndicated loans reach $36b in first half
      364 15 SYNDICATED loans in Asia (ex-Japan) reached a total U5526.06 billion (5536.35 billion) in the first half of this year more than one-third of the U5568.17 billion for the whole of last year. Data compiled by Euromoney Asiaware shows the top 50 arrangers in
      364 words
    • Article, Illustration
      Lock icon Indonesia's affluent consumers beckon eager businesses
      1044 15 But sizing them up isn't as easy as in wealthier economies THE PROMISE of Indonesia's 193 million consumers can leave potential entrants giddy with anticipation. The view that most would-be investors see on their first journey into Jakarta via a modern multi-lane toll road,
      Source: Sunny Research Indonesia  -  1,044 words
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      934 15 POSTJPANKKI LTD V7IW Incorporated in Finland Singapore Branch: 80 Raffles Race, #52-01, UOB Plaza 1, Singapore 0104 Consolidated Balance Sheet Consolidated Income Statement (For the year ended 31 December) 31.12.1984 31.12.1993 1994 1993 ASSETS (FIM Million) (FIM Million) Financial assets Cash in hand 921 1,334 Interest Income 6,592 7,847 Claims
      934 words
Page thumbnail Page 16
  • Article
    US plans top-level talks with China to defuse tensions
    580 16  -  From Leon Hadar in WASHINGTON US ADMINISTRATION officials are trying to avert a maCr crisis in Sino-American rations, as growing disputes threaten to demolish President Bill Clinton's "engagement" policy with China. Triggered by the recent unofficial visit to the US of
    580 words
  • Article
    Lock icon Gingrich: Trade threats against Japan insane
    340 16 Reuter, AP WASHINGTON House of Representatives Speaker Newt Gingrich has attacked the Ginton administration's public threats against Japan over trade, calling it an "insane" policy. Gingrich issued his criticism on Wednesday at the National Press Club on the same day the United States opened
    Reuter,; AP  -  340 words
  • Article
    Lock icon EU, Mercosur to discuss world's biggest trade bloc
    348 16 AFP BRASILIA The European Union and South America's Southern Common Market (Mercosur) have agreed to negotiate what would be the world's biggest free trade bloc. Spain's ambassador to Brazil, Carlos Blasco, said on Wednesday that negotiations would begin in September in Brussels,
    AFP  -  348 words
  • Article
    Lock icon Stronger warning signals from key US index
    352 16 Bloomberg Business News WASHINGTON The government's key gauge of economic growth for the coming six months fell in May for the fourth month in a row, flashing a stronger warning that the economy could be headed for a recession. The index of leading
    Bloomberg Business News  -  352 words
  • Article
    Lock icon EU seeks to persuade China to join WTO
    200 16 AFP BRUSSELS Top EU trade official Leon Brittan yesterday met his Chinese counterpart Long Yongtu in a bid to persuade Beijing to agree to the terms of joining the World Trade Organisation when they meet later this month in Geneva. The European
    AFP  -  200 words
  • Article, Illustration
    Unbecoming of US to resort to intimidating Apec
    738 16  -  The Bottom Line ANTHONY ROWLEY ANTHONY ROWLEY The writer is BT's Tokyo correspondent THE SHEER presumption of the United States in drawing up an action plan of trade liberalisation for this year's Apec summit in Osaka is breathtaking. Washington's attempt to intimidate
    738 words
  • Article
    Barings voted tops in S-E Asia research by UK fund managers
    365 16  -  From Neil Behrmann in LONDON BARING Securities is the top research broking firm on South-east Asia and emerging markets, according to a survey of UK Fund Managers. A total of 127 managers, responsible for investing £940 billion (552.09 trillion),
    365 words
  • Article, Illustration
    Lock icon Barings' report out soon: Clarke
    80 16 Bloomberg Business News LONDON UK Chancellor of the Exchequer Kenneth Clarke hopes to be able to publish the Bank of England's report on the collapse of Barings pic before parliament breaks for the summer. "It's my desire to do so and 1 very much hope
    Bloomberg Business News  -  80 words
  • Article
    Lock icon WTO trade pact
    60 16 P BRUSSELS The European Union yesterday urged its World Trade Organisation partners to conclude a pact on financial services liberalisation a week earlier than the WTO-set deadline. "We are anxious to establish July 21 as the guillotine day. We don't want to leave it until July 28,"
    P  -  60 words
  • Article
    Opec policy to stay
    76 16 WASHINGTON Opec isn't considering a big boost in output to drive down oil prices and help it win back market share from its competitors. "Let me state clearly that Opec will continue with its policy of restraint and moderation, so that prices reach and remain at
    76 words
  • Article
    Lock icon Now for the 'when'
    100 16 Reuter LONDON Two physicists yesterday said they had found a way to do what economists and investors have failed to do since stocks were first traded successfully predict what a stock market will do. But Rosario Mantegna of the University of Palermo in Italy and Eugene
    Reuter  -  100 words
  • Article
    Lock icon Fancy a castle?
    101 16 AP WULKOW, Germany A ruined castle that attracted global interest when it was put on sale for one mark (Ssl) has gone to a local bidder, but there are 19 "fairy tale" castles to be parcelled out in eastern Germany. Schloss Wulkow, built in 1697 and treated
    AP  -  101 words
  • Article
    Lock icon Clinton to visit UK
    56 16 Reuter WASHINGTON President Bill Clinton will visit Britain and Ireland between Nov 29 and Dec 2 to show his support for the Northern Ireland peace process and nourish An-glo-American ties. The White House yesterday said he will hold talks with British Prime Minister John Major and
    Reuter  -  56 words
  • Article
    Lock icon Fast-food service
    75 16 AFP GRIGNY, France A hungry gunman got prompt service when he pulled a revolver in a fast-food restaurant and demanded that his order be taken first, police said yesterday. "I demand to be served first," he said, pointing a .22 calibre revolver at the girl behind the counter
    AFP  -  75 words
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      56 16 For stories, quizzes songs, call Children's Funland on 1900-910-0001 at 30 cents a minute. 1 stainless steel. &bartz I Singapore Kuala Lumpur J/ GrcyuP&tah Erawan Hilton International Shangri-La Hotel "z^r^Z 254 6 5 *****52 '20/ 8919 Roma Milano Paris Get ive Dusseldorf London NeW York Beverly Hills Tokyo Osaka Fukuoka
      56 words
    • Advertisement
      Page 16 Advertisements Column 2
      19 16 To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Games on 1900-911-0003, at 30 cents a minute.
      19 words
Page thumbnail Page 17
  • COMPANIES & MARKETS
    • Article
      SES slams CMB for creating misleading profit expectations
      504 17  -  By Genevieve Cua SINGAPORE The Stock Exchange of Singapore yesterday sharply reprimanded canmaker CarnaudMetalbox Asia (CMB) for making "improper and misleading" statements on its 1994 results. Yesterday's reprimand was the third public censure of companies in the space of about IS months.
      504 words
    • Article, Illustration
      China Merchants sweetens share offer with bonus issue
      503 17  -  By Teh Hooi Ling SINGAPORE China Merchants Shekou Port Service Co (CMSP), the first Shenzhen company to launch its secondary listing here, has sweetened its share offer by promising investors a 12 per cent dividend and a one-for--10 bonus issue. The sweetener
      503 words
    • Article
      Lukewarm response to two new unit trusts
      422 17  -  By Shiv Taneja SINGAPORE Response to two recently launched unit trust funds has been lukewarm, with one manager having to subscribe to a substantial portion of the funds. Only a third of the $15 million raised by DBS Asset Management's Shenton Greater China
      422 words
    • Article
      CAM cancels press meeting without giving reason
      272 17 SINGAPORE Hopes that CAM Mechatronic may shed some light on why its shares have been in the trading limelight were dashed yesterday when the company inexplicably cancelled a 5 pm meeting with the press. Trading yesterday was also suspended for a second day
      272 words
    • Article
      Bakrie's telecoms focus now looks good move
      622 17  -  HOCK LOCK SIEW By William Chia SINGAPORE When diversified Indonesian conglomerate PT Bakrie Brothers decided last year to focus on telecommunications as a core area of its business, there was a lot of scepticism. This was because the giant pribumi (indigenous) business group,
      622 words
    • Article, Illustration
      Lock icon Acma has US$44m paper profit in Paradigm stake
      254 17 SINGAPORE Just one week after its American subsidiary Paradigm Technology was listed on the US stock market, mainboard-listed Acma is sitting on a paper profit of about US$44 million (5561.1 million). At the close of trading in New York on Wednesday, Paradigm's
      Source: Bloomberg  -  254 words
    • Article, Illustration
      MARKET MOOD
      49 17 Mixed Market Mood' indicates the likely trading sentiment today, based on brokers polled at 5-6pm yesterday. Overnight events may alter sentiment. Brokers polled: Alliance, Barings, Credit Lyonnais Securities. Daiwa Fraser. GKGoh. Kay Hian. Morgan Grenfell. Ong Co. Nomura. Phillip. Smith New Court. WI Carr and SG Warburg.
      49 words
    • Article, Illustration
      HOT STOCK
      97 17  -  By Paul Leo GOLDTRON has been forming a base at $1.10 sincc May and it looks set for a rally from yesterday's close of 51.13. Interest in the stock has been very strong over the past three days. Yesterday's volume of 5.95 million units is nearly 4 times
      97 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          Pribadi ups Amcol stake by 1m shares
          44 18 SINGAPORE Indonesian businessman Henry Pribadi announced yesterday that he paid $4.35 million for one million Amcol Holdings shares on Wednesday, bringing his total holdings to 16 million shares or 5.4 per cent of Amcol's issued share capital.
          44 words
        • Article
          Ex-director sells 3.6m Kim Eng shares
          46 18 SINGAPORE Kim Eng Holdings' former director James See announced yesterday that he sold 3.6 million Kim Eng shares at $1.41 each on Wednesday, reducing his holdings to 57.16 million shares or 11.8 per cent of the company's issued share capital.
          46 words
        • Article
          Lock icon KLSE to go on accepting multiple certs
          58 18 Bernama KUALA LUMPUR The Kuala Lumpur Stock Exchange yesterday said that its clearing house will continue to accept delivery of board lots in multiple certificates even after Dec 31, 1995. This follows an announcement by Deputy Prime Minister Anwar Ibrahim at a recent
          Bernama  -  58 words
        • Article
          First Engrg unit's building plans
          72 18 SINGAPORE First Engineering subsidiary First Plastics plans to construct factory and office buildings on a 15,556 sq m site in Woodlands East. The land was leased for 30 years from the Jurong Town Corporation with an option to extend for another 30 years. The annual
          72 words
        • Article
          Lock icon Malayan Flour predicts turnaround
          87 18 Bernama KUALA LUMPUR Malayan Flour Mills Bhd, which has been in the red since 1991, has forecast a turnaround for the year ending Dec 31, 1995, with a consolidated pre-tax profit of M 56.45 million (553.67 million). The company recorded a loss of M 52.33 million
          Bernama  -  87 words
        • Article
          Lock icon Seamico still keen on Stanchart unit
          59 18 Reuter BANGKOK Thailand's Seamico Securities pic yesterday said it is still interested in buying Standard Chartered pic's securities business. Seamico vice-president Atikrai Chatikavanij said the company, which has been listed on the Stock Exchange of Thailand for less than a year, would like to
          Reuter  -  59 words
      • Article
        Untitled
        580 18 ■Mpnl priCM($) Jul 7 Sh Greater China Fd 0 1.00(8 H_14 T..—* Mendaki Gr Fund 1.03 106® Singapore unit trust us Gr Fund 1.06 i.io» The Commerce 1.58 1.67 iiab Ii«a The Savings Fund 1.52 1.61 WB ASSCt Mgt Ltd S pore Prog Fund 0.62 0.66 Unifund 1.44 I.SI S'pore
        580 words
      • Article
        Lock icon MMC proposes bonus, rights issues
        268 18 Bernama KUALA LUMPUR Malaysia Mining Corporation Bhd (MMC) has proposed a two-for-five bonus issue of 167.22 million new ordinary shares of 10 sen each and a three-for-five rights issue of 250.84 million shares of 10 sen at an issue price of Ms 2. Aseambankers Malaysia
        Bernama  -  268 words
      • Article
        Bimantara Citra's IPO subscribed 25 times
        390 18  -  By William Chia SINGAPORE Indonesian conglomerate Bimantara Citra's initial public offer (IPO) of 200 million shares to raise 250 billion rupiah (SSIS6 million) has been subscribed by an average of 25 times. Bimantara vice-president Rosano Barack said yesterday its public offer was subscribed by
        390 words
      • Article, Illustration
        Seksun to build new plant next to its Yishun factory
        362 18  -  By Ven Sreenivasan SINGAPORE Sesdaqlisted metal stamper Seksun Precision Engineering yesterday unveiled plans for another plant in Singapore. The 75,000 sq ft plant, to be built next to an existing 53,000 sq ft factory at Yishun, will come online at
        362 words
      • Article
        Auric buys 1.52m Indon bank bonds for 41b rupiah
        356 18  -  By Paul Leo SINGAPORE Locally listed Auric Pacific Group, formerly known as Goodman Fielder Asia Holdings, has paid 41.5 billion rupiah (SS26 million) for 1.52 million 12 per cent convertible bonds of Jakarta-listed PT Bank Niaga. The bonds, with a face
        356 words
      • Article
        IME shares close 24% up on first day of trading
        218 18 SINGAPORE IME MultiEnterprise, the retail group whose initial public offering was subscribed 24 times, made an impressive debut on the second board of the Stock Exchange of Singapore yesterday. The stock offered at 25 cents opened at 30 cents, traded
        218 words
      • Article
        Lock icon Bangkok Bank of Commerce sells stake to group
        421 18 Bloomberg Business News, Reuter BANGKOK A group of seven financial institutions and companies has purchased onequarter of Bangkok Bank of Commerce for three billion baht (SSI6B million). The share sale comes at the insistence of the Bank of Thailand, which is concerned
        Bloomberg Business News,; Reuter  -  421 words
      • Article
        Lock icon Arab-M'sian Securities enters Jakarta capital market
        140 18 Bernama JAKARTA Arab-Malaysian Securities Holding Sdn Bhd has become the first Malaysian firm to operate in the Indonesian capital market by acquiring PT Multidana Sekurindo, a member of the Jakarta Stock Exchange, in a takeover deal signed last week. AMS acquired a 60 per
        Bernama  -  140 words
      • Article
        Lock icon New World confirms it may sell some China businesses
        386 19 Bloomberg Business News HONGKONG New World Development Co Ltd yesterday confirmed that it may spin off businesses in China, raising concern among some analysts that the developer will sell its biggest money-makers. Shares in the highly diversified Hongkong-based company slumped 3.31
        Bloomberg Business News  -  386 words
      • Article, Illustration
        Lock icon Sony takes the plunge
        38 19 Commercial Photo NEW YORK Sony has unveiled a line of water-resistant personal stereo equipment. From Walkman to personal external speakers and headphones, the Sony sports series models are designed for outdoor use. Commercial Photo
        Commercial Photo  -  38 words
      • Article
        Lock icon Two City Chiu Chow directors admit criminal record
        153 19 Reuter HONGKONG City Chiu Chow (Holdings) Ltd said yesterday two of its directors, including chairman Cheng Hop Fai, had revealed they had several criminal convictions dating from the *****. Cheng and his wife Kwok Kwan Yuk, the group's executive director, admitted they
        Reuter  -  153 words
      • Article
        Lock icon Jardine Fleming buys 10% of Beiren's HK shares
        202 19 Bloomberg Business News HONGKONG Jardine Fleming Group Ltd yesterday said it has bought a 10 per cent stake in China's Beiren Printing Machinery Holdings Ltd. The Hongkong-based investment bank, which is jointly owned by Jardine Matheson Holdings Ltd and the Londonbased Robert
        Bloomberg Business News  -  202 words
      • Article
        Lock icon Taiwan regulator blocks Mitac plan to raise NT$1.5b in stock sale
        408 19 Bloomberg Business News TAIPEI The Securities and Exchange Commission (SEC) has blocked plans by Mitac International Corp, one of Taiwan's largest computer makers, to raise NTS 1.5 billion (SsBl million) in a stock sale. Mitac wants to sell the
        Bloomberg Business News  -  408 words
      • Article
        Lock icon Liberalise brokerage fees: Nomura
        58 19 Bloomberg Business News TOKYO Nomura Research Institute, an affiliate of Nomura Securities Co, yesterday said the government should consider liberalising the system for charging brokerage commissions to help stimulate the stock market, the Nihon Keizai newspaper reported. Nomura's proposal, a reversal of its earlier position, follows
        Bloomberg Business News  -  58 words
      • Article
        Lock icon IBM wraps up US$3b Lotus tender
        104 19 Bloomberg Business News ARMONK, New York International Business Machines Corp said it completed its US$3.5 billion (554.9 billion) tender offer for Lotus Development Corp, the largest acquisition in the history of the software industry. About 97 per cent of the 47.4 million outstanding Lotus
        Bloomberg Business News  -  104 words
      • Article
        Lock icon Smith Corona seeks bankruptcy protection as losses mount
        454 20 FT NEW YORK Smith Corona, at one time the world's biggest maker of electronic typewriters, has filed for Chapter 11 bankruptcy. The move follows a long period of declining sales and mounting losses. The decision is a further embarrassment for Hanson, the
        FT  -  454 words
      • Article
        Lock icon S G Warburg Japan to sell Tokyo, Osaka seats
        137 20 Reuter TOKYO SG Warburg Securities (Japan) Inc will sell its memberships in the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSE), now that Swiss Bank Corp has bought the investment banking arm of S G Warburg Group pic. Business
        Reuter  -  137 words
      • Article
        Lock icon IRS auditing IBM over status of independent contractors
        371 20 NYT NEW YORK The Internal Revenue Service is auditing IBM to determine if it improperly paid thousands of workers as independent contractors instead of employees. Income and Social Security taxes must be withheld from employees' paycheques, but not from payments to independent
        NYT  -  371 words
      • Article, Illustration
        Lock icon Coke boss reaffirms oath
        70 20 Reuter CHARLOTESVILLE, Virginia The chairman and chief executive officer of Coca-Cola, Roberto Goizueta, reaffirms his oath of citizenship with 62 new citizens at the 33rd annual Independence Day Celebration and Naturalisation Ceremony at Thomas Jefferson home, Monticello, on Tuesday. Mr Goizueta, the first corporate speaker to
        Reuter  -  70 words
      • Article
        Lock icon Ex-head of Japan firm arrested for alleged stock manipulation
        186 20 Reuter TOKYO Prosecutors arrested the former head of a computer software company on suspicion of trying to raise the company's stock price by making a false announcement on the development of an Aids vaccine, Jiji news agency said yesterday. Jiji said
        Reuter  -  186 words
      • Article
        Lock icon NationsBank restarts buying binge
        263 20 NYT ATLANTA After three years of relative quiet, NationsBank is buying banks and thrifts again. The Charlotte, North Caro-lina-based giant announced on Wednesday its second Miamibased purchase in two weeks CFS Holdings Inc, parent company of Citizens Federal Bank. Nationsßank will pay CFS shareholders about U5539.50
        NYT  -  263 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Jakarta changes reserves composition
        394 21 Reuter JAKARTA Indonesia has changed the composition of its foreign exchange reserves in favour of the yen as a buffer against volatile changes in exchange rates, the central bank governor said yesterday. Sudradjad Djiwandono told an economic seminar that the yen's share of Indonesia's forex reserves
        Reuter  -  394 words
      • Article
        Thai seafood group taps Asian $ market for US$16m
        205 21 Thai seafood group taps Asian market for US$16m SINGAPORE One of Thailand's leading seafood suppliers, Thailand Fishery Cold Storage (TFC), is tapping the Singapore Asian dollar market for loans to fund its expansion. Reflecting the financial market's present liquidity, the loan facility was oversubscribed and TFC raised US$l6 million (5522.4
        205 words
      • Article
        Indon paper mill taps market for US$150m
        240 21  -  By Soh Tiang Keng SINGAPORE In its first offshore fund-raising exercise, Indonesia's Surabaya Agung Industri Pulp and Kertas (Surya Kertas) has tapped US$l5O million (Ss2o9 million) from the Asian dollar market through a syndication loan. More than thirty banks from Singapore, Asia, Europe
        240 words
      • Article
        Lock icon HongkongBank gets nod to open Beijing branch
        476 21 Reuter HONGKONG HSBC Holdings pic's Hongkong and Shanghai Banking Corp (Hongkongßank) said it won approval from Beijing to open a branch there, a step analysts said holds long-term profit implications. They added that it illustrates China's interest in opening up to major international
        Reuter  -  476 words
      • Article, Illustration
        Lock icon China may be keeping yuan steady against greenback
        370 22 SCMP HONGKONG The yuan has been hovering around 8.3 to one US dollar for a month, suggesting that People's Bank of China could have stepped up intervention for a stable currency to favour exports after the yuan's sudden rise in late April.
        SCMP; Source: Bloomberg  -  370 words
      • Article
        Lock icon Pakistan rupee still overvalued despite depreciation, say bankers
        426 22 Reuter KARACHI Pakistani bankers said yesterday that the central bank's latest depreciation of the rupee was aimed at keeping exports competitive against regional trade competitors such as India and China. But they said that the rupee remained overvalued and Wednesday's adjustment to
        Reuter  -  426 words
      • Article, Illustration
        Lock icon Indonesia shuns move by coffee producers to shore up prices
        423 22 Reuter JAKARTA Indonesia, the world's third-biggest coffee producer, has declined an invitation to join a frantic bid by Central American nations to reverse plunges in global coffee prices, a trade official said. Oesman Soedargo, vicechairman of the Association of Indonesian
        Reuter; AFP  -  423 words
      • Article
        Lock icon Growing shortage of stainless steel products seen in China, HK
        314 22 Reuter BEIJING China and Hongkong in 1998 will be short of 710,000 tonnes of stainless steel cold-rolled flat products, up from 430,000 tonnes in 1994, Heinz Pariser of Heinz H Pariser Alloy Metals and Steel Market Research said yesterday. Mr
        Reuter  -  314 words
      • Article
        Lock icon Real-time Aussie interbank payments by 1997
        203 22 Bloomberg Business News SYDNEY The Reserve Bank of Australia says it will introduce by 1997 a real-time gross settlement system for high-value payments between banks. The system will be based on the existing Reserve Bank Information and Transfer System, which is the computerbased clearing
        Bloomberg Business News  -  203 words
      • Article
        Lock icon NZ central bank delays new disclosure rules
        415 22 Bloomberg Business News WfcLLINGTON New Zealand's eenlral hank said yesterday it will delay the introduction of new, stronger diselosure rules lor hanks hy three months until Jan I to allow them to change their accounting systems. And one of the rules, dealing with
        Bloomberg Business News  -  415 words
      • Article
        Lock icon Oil prices make modest comeback but prospects stay gloomy
        276 22 ENERGY REPORT Reuter LONDON Oil prices staged a modest technical recovery yesterday after plummeting to 1995 lows but supply-demand fundamentals remained gloomy. Ample supplies of Mideast and Russian crude oil have been weighing down the market in recent days, traders said.
        Reuter  -  276 words
      • Article
        Lock icon Currency Reports: London
        199 22 Reuter LONDON The US dollar spent the European trading day idling at slightly firmer levels within its recent ranges against the mark and yen, braced for clues to the next move in US rates that may emerge from yesterday's FOMC meeting. As the Federal Open Market Committee
        Reuter  -  199 words
      • Article
        Lock icon New York
        92 22 AFP NEW YORK The US dollar was higher against other major currencies yesterday except the pound with traders waiting for an announcement by the Federal Reserve's Open Market Committee. Around 10:10 am (1410 GMT), the US dollar was worth 1.382S marks against 1.3795 marks late on Wednesday. The
        AFP  -  92 words
      • Article, Illustration
        Untitled
        1587 22 t rade-nighled index cakulaled agam\t S'pnre\ lop 14 trading panner\ Base year 1985 US$/S$ forward rates Noon /Jul 6 s$ Bid Offer 1-month I 3923 1.3938 2-month 1 3883 1 3898 3-month 1.3843 1 3838 6-month 1.3729 1.3749 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9a« on Jul C
        1,587 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen mixed, Eurodollars flat
        1434 23 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures were mixed and Eurodollars flat at the close. Dealers said Euroyen saw some selling in the early afternoon after the Nikkei rallied to end sharply higher. "There was some sell-ofT (in Euroyen) but it was not very heavy," said
        Reuter  -  1,434 words
      • Article
        Speculative selling erodes tin price
        680 23 COMMODITY REPORTS KL Tin FURTHER speculative selling on the London Metal Exchange, which saw three-month tin slip US$4O to U556,700 per tonne, eroded values on the Kuala Lumpur Tin Market. I in price fell 23 sen yesterday to end at MS 16.01 sen per kg
        680 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Monsoon curbs Indon tin output
          53 23 KUALA LUMPUR Indonesia's state-run tin firm P T Timah said tin stocks in Indonesia are low because heavy rains have curbed mine production. Stocks are "tighter than normal due to mine production in the last five months being limited by a very wet monsoon season,"
          53 words
        • Article
          Cameras to monitor Winnipeg trading
          58 23 WINNIPEG The Winnipeg Commodity Exchange has begun testing monitoring equipment on its trading floor. The exchange has stationed microphones above the oilseeds pit and has four cameras angled to take in the full trading area. The monitoring programme is part of the exchange's plans to
          58 words
        • Article
          Rouble woes of aluminium producers
          84 23 MOSCOW The decision by the Russian government to fix the rouble between 4,300 and 4,900 against the US dollar until Oct I. 1995, will hurt the country's aluminium producers, Igor Prokopov, president of producers group Aluminiy Concern, told Interfax. Fixing the exchange rate under conditions
          84 words
        • Article
          India likely to import aluminium
          50 23 NEW DELHI India is likely to import some 70,000 tonnes of aluminium in fiscal 1995-% (April-March), becoming a net importer for the first time in several years, according to industry officials. India also is likely to export some 60,000 tonnes of aluminium in fiscal 1995-96.
          50 words
        • Article
          Iran eyes new oil markets
          45 23 LONDON Iran is attempting to tap new markets in Eastern Europe. With the US banning trade with Iran, it is also planning to increase sales to its traditional customers in western and southern Europe to dispose of crude, traders said.
          45 words
      • Article
        COMMODITY PRICES
        1498 23 SICOM Futures Rubber (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) (lose Volume Open Month High Low Sell (tonnes) Interest Aug 95 m OO 275 2150 Sep 192.50 191.00 192 00 >00 1925 Oct 188.00 188.00 187 50 75 2350 Nov 188.00 188.00 187.50 75 2350
        1,498 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        990 24 -1.1 SHARES closed 0.05 per cent lower yesterday as investors marked time ahead of an expected cut in US interest rates. "It's fair to say the market's lacklustre," said an analyst, adding that shares rallied on Wednesday on the interest rate talk but "marked time today with people sitting
        990 words
      • Article
        Seoul
        462 24 +9.97 Stocks closed higher in active trading on the back of institutional buying prompted by firm market fundamentals, brokers said. "Institutions must have been inspired by the bright market prospects," said an analyst. The Composite Price Index ended 9.97 points higher at 914.95. Brokers, who earlier forecast profit-taking in
        462 words
      • Article
        Taipei
        583 24 -4.14 Taiwan share prices finished 0.07 per cent lower on profittaking yesterday, dampened by market heavyweight financial and banking issues sliding 1.3 per cent. "Market sentiment remained generally promising, though late selling pressure eroded early gains," said a broker. The Weighted Price Index declined 4.14 points to settle at
        583 words
      • Article
        Manila
        603 24 15.41 Philippine share prices closed 0.54 higher yesterday, buoyed by rises in major world markets. The PSE Index rose 15.41 points to close at 2,834.27. Volume fell 47 per cent to 1.698 billion shares, while value rose 23 per cent to 1.697 billion pesos. An analyst said the rise
        603 words
      • Article
        New Zealand
        303 24 1.32 Share prices ended steady after an enthusiastic start, buoyed by another record close on Wall Street. The market, after reaching a 2,082.80 high-point for the day on the NZSE-40 Capital Index, was sold as trade progressed and ended just 1.32 points higher at 2,064.66. The smaller companies
        303 words
      • Article
        Bombay
        98 24 -1.01 Shares on the Bombay Stock Exchange traded in a narrow band before closing the session steady, brokers said. The BSE-30 Index moved between 3,166.57 and 3,135.47 points before closing 1.01 points lower at a provisional 3,161.61. The National Index finished 7.36 points lower at 1.484.16. "The market will
        98 words
    • WORLD STOCK MARKETS
      • Article
        London
        873 24 -6.6 EQUITIES finished a volatile session lower, unsettled by profit-taking, a weak Wall Street, and a surprise announcement from the UK electricity regulator on electricity prices. The FTSE-100, which earlier hit a 1995 intra-day high of 3,418.7, closed 6.6 points lower at 3,388.3. The index traded at a 16-month
        873 words
      • Article
        Paris
        139 24 -18.27 French stocks fell after the Bank of France failed to satisfy investors with a quarter of a point interest rate cut. The CAC Index fell 18.27 points to 1,889.49, with financial stocks leading the index lower. It was the biggest decliner of any European bourse. "They (the Bank
        139 words
      • Article
        Frankfurt
        201 24 -6.28 German stocks fell, dragged lower by chemical concern Hoechst AG, as investors awaited a decision on US interest rates. Lower US rates would give the Bundesbank more scope to cut German rates. The DAX Index of 30 leading stocks fell 6.28 points, or 0.3 per cent, to close
        201 words
      • Article
        Brussels
        212 24 -3.52 Belgian stocks fell as investors settled their accounts at the end of the trading period while bond yields rose as the Federal Reserve's poli-cy-makers approach the end of their two-day meeting. Bank and insurance stocks were among the biggest decliners. They are the main owners of government bonds,
        212 words
      • Article
        Milan
        176 24 +0.25% Italian shares closed firmer but off highs in slight technical bounce after Wednesday night's late sell-off. Trade continued quiet and is expected to be even quieter today. The Mibtel Index was up 0.25 per cent to 9,902 versus a session high of 9,962. the bluechip Mib3o Index was
        176 words
      • Article
        Amsterdam
        244 24 +1.34 The Dutch AEX share Index set a new closing high of 440.04 points, up 1.34 points, or 0.31 per cent, on the day. The previous all-time closing high of 438.71 was set on Jan 31, 1994. Earlier yesterday the index set a new all-time intraday high of 440.73.
        244 words
      • Article
        Stockholm
        124 24 +0.39% Swedish shares jumped to a fifth consecutive record closing high yesterday after strong gains in blue-chip shares Ericsson and Astra fuelled the market. "The positive sentiment is feeding on itself. Even the smallest purchase order attracts interest," said one broker. The OMX Index closed 0.39 per cent higher
        124 words
      • Article
        Zurich
        248 24 -4.85 Swiss shares ended easier in slack trade as the market awaited the results of the Federal Reserve's Federal Open Market Committee meeting. Dealers said yesterday's US data, which came in as expected, failed to enliven trade. Today's market would be determined by Wall Street's reaction to the FOMC,
        248 words
      • Article
        Johannesburg
        336 24 +3.0 South African industrial shares were indifferent to soaring world markets yesterday, but golds made some gains on what dealers said was mainly futures trade. "It definetely hotted up this afternoon on some futures buying," a dealer said. The Overall Index was up three points up at 5,382, the
        336 words
      • Article
        Toronto
        230 24 -1.37 Stocks eased slightly in quiet early trading as market watchers awaited news from the US Federal Reserve. The TSE-300 Index slid 1.37 points to 4,551.93 on volume of 11.68 million shares with a value of C 5184.37 million. On Wednesday The TSE-300 Index rose 15.04 points to close
        230 words
      • Article
        New York
        697 24 -6.23 Stock prices turned narrowly mixed in heavy trading early yesterday as the market anxiously awaited the outcome of the Federal Reserve meeting. The Dow Jones Industrial Average, which climbed 30.08 points to a new record high of 4,615.23 on Wednesday, was down 6.23 points to 4,609.01 at
        697 words
      • Article
        Untitled
        527 24 Vienna JiTS Asoh +/T ATX.I *****1 5.31 Bank Austria AG 45J unch rtdiUnslall 562 I EVN 1*2 2 Flughaten 513 unch Im/inj WO 5 Uylin 420 I Macuian Hid VZ 157 2 (IMV AG 1097 20 Radr> Hnaklith 314 2 VATcchnofcwe 1202 10 VotHind AG K 719 unch MO 15
        527 words
    • Article, Illustration
      Lock icon HONGKONG
      2817 25 Bloomberg Business News HONGKONG Stocks wiped out their gains after rising to one-month highs, as pessimism over corporate earnings overpowered hope for lower interest rates. New World Development Co Ltd, Sun Hung Kai Properties Co Ltd and other real estate stocks led benchmark shares lower in the last hour
      Bloomberg Business News; Source: Bridge Info  -  2,817 words
    • Article, Illustration
      CHINA
      582 25 IN Hongkong, trading in Northeast Electric boosted H share turnover to US$ll.6 million with the index finishing up 9.76 points to 1,129.06. The average price in its debut trading was 1.3 per cent above the listing price, despite closing down 5 per cent below the IPO price. Trading was
      582 words
    • Article, Illustration
      Lock icon TOKYO
      2511 25 AFP, Bloomberg Business News TOKYO Japanese share prices continued to advance here yesterday, with the leading index closing 2.9 per cent higher helped by a futures section rally. "Buying by dealers, initially in the cash market and then in futures, intensified towards the end of the session, resulting in
      — AFP, Bloomberg Business News; Source: Bridge Info  -  2,511 words
    • Article, Illustration
      Lock icon BANGKOK
      1658 25 AFP BANGKOK Thai share prices slipped 0.20 per cent yesterday as worries mounted over the makeup of the new cabinet following tough US comments about inclusion of a man Washington suspects of having ties to drugs. A US official warned on Wednesday that including a man in the Thai
      AFP; Source: Bridge Info  -  1,658 words
    • Article, Illustration
      Lock icon JAKARTA
      1175 25 Reuter JAKARTA Shares prices hit a 1995 high of 501.93 in early trading but closed below the 500level following late profit-taking, brokers said. The Composite Index rose 0.89 point to close at 499.48 after reaching a high of 501.93. "Keen foreign and local buying interest was seen mostly in
      Reuter; Source: Bridge Info  -  1,175 words
    • Article
      CLOB INTERNATIONAL
      2297 26 Gr Cr IMS La) Vol Day Laal Okm Dt» D»* VU Met M Cap High Law fi Sale (TOO) Hfch Lom Bayer W Or P/E Soil MALAYSIAN STOCKS 478 m MSB 50c }«2 +6 285 382 J76 380 382 3 0 -2 9 0 2 3918 127 77.J
      2,297 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Shares close lower on interest rate uncertainty
        6781 26 AFP, Reuter KUALA LUMPUR Malaysia's key share index closed 0.2 per cent lower yesterday as institutions shifted from blue chips to selective finance issues, while retailers were sidelined awaiting news on US interest rates. "Investors were probably awaiting confirmation later today on whether
        AFP,; Reuter; Source: Bridge Info  -  6,781 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8612 27 MAIN BOARD Gr Gr M Wl IW lol Vol Day Law Quote Dl» Di» VU N«« Cm A<| I lift. Um C oapai) Sale (TOO l llith Loo Ba»f Seller (>r P'f Ml Pricr INDUSTRIAL AND COMMERCIAL 4*8 382 mi s Aetna 50c 448 8 574 454 444 448 450
        8,612 words
      • Article, Illustration
        Lock icon Market's early surge peters out as caution prevails
        1832 28  -  By R Sivanithy SINGAPORE A promising start on the local stock market yesterday which saw the Straits Times Industrials Index sail confidently through the 2,150 barrier was stifled in the afternoon session as traders opted for safety first ahead of the result
        Charts by Bridge Info; Source: Bloomberg  -  1,832 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      461 17 NEWS VALUE EML auditor raises doubt it can continue operating (pg 1) Suspension likely to be prolonged. KL may cap stamp duty on share deals (pg I) Savings very substantial. CMSP a test case for Chinese secondary listings in S'pore (pg 1) Good chance of success. Another profit stream for
      461 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      207 18 FOR SALE ESTABLISHED lATA TRAVEL AGENCY We are a well established travel and tour agency in Singapore with good track records and high annual growth in terms of ticketing and tour packages sales. The company's business in ticketing enjoys the confidence and continuous support of big names in MNCs in
      207 words
    • Advertisement
      Page 18 Advertisements Column 2
      165 18 I (®ASTIANIj I Proprietor of.Affordable Fine Cuisine and Vine c i O avour an All- You-Can-Eat Mediterranean Affair forjiut $29 I Lunch would never be the same again at JP Bastiani A where a fine mediterranean buffet spread awaits you in an ambience that's casual and at a price that's
      165 words
Page thumbnail Page 19
  • Page 19 Advertisements
    • Advertisement
      Page 19 Advertisements Column 1
      75 19 After half a century of war and poverty, Vietnam 8 policy of 'doi moi', or market reform, is setting the economy on a course for success. But will a stronger, more prosperous Vietnam be a source of regional stability, or will its old ambitions reassert themselves? For the full story
      75 words
Page thumbnail Page 20
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      491 20 IN THE MATTER OF TIIE COMPANIES ACT, CAR S« AND IN THE MATTER OF WEI FUNG FOOD MANUFACTURING PTE LTD (Incorporated in Ihc Republic of Singapore) (IN LIQUIDATION) (MEMBERS'VOLUNTARY WINDING UP) Notice is hereby given that the creditors of the above Company, which is being voluntarily wound-up, are required on
      491 words
    • Advertisement
      Page 20 Advertisements Column 2
      20 20 For stories, J) quizzes songs, J mfr call Children's 4 Funland J on i 1900-910-0001, at 30 cents a minute.
      20 words
    • Advertisement
      Page 20 Advertisements Column 3
      211 20 TOLL-FREE TEL. No. 1-BQO-741-1883 FAX:74I-1298 133 Middle Road For Sale By Tender Location Junction of Middle Road Queen Street, in Rochor Planning Area which is designated for hotel and commercial development Land Area 15,792 sq ft Net Floor Area 41,412 sq ft Plot Ratio 4.2 Zoning Commercial Special Feature Unrealised
      211 words
    • Advertisement
      Page 20 Advertisements Column 4
      396 20 LOST SHARE CERTIFICATES The Mowing share certificates have been reported bet or destnoyed:NEPTUNE ORIENT UNES LIMITED CfftfflCtt* N<?. In the name of No. of Show *****81 See King Chai 1.000 *****68 See King Chai 1.000 *****85 TeoHeeEng 1.000 *****65/66 Wong Tew Meng 2,000 *****15 Ong Meng Tat 1,000 NOTICE IS
      396 words
    • Advertisement
      Page 20 Advertisements Column 5
      246 20 THE COMPANIES ACT, CM*. M HQ HOLOM6B PTE LTD (hVllilii) Up) At an Extraordinary Ganaral Maatiog ot tha abovenamed Company held on the 29th day of Juna 1995, «n Wowing Spodel flair*itton was duly pososd:7HAT tha company ba wound up voluntarily pursuant to Section 290(1 )(b) of Sis Componies Act,
      246 words
Page thumbnail Page 21
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      476 21 BUSINESS TIMERS TOn^REETl!L^o^Ro^4riBB^^AX?74^29B IN THE MATTER OF LAND TITLES (STRATA) ACT, CAP.ISB AND IN THE MATTER OF MANAGEMENT CORPORATION STRATA TITLE PLAN NO. 491 (In Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Management Corporation held all 4 Scotta Road #06-00 Far East Plaza, Singapore 0922 on
      476 words
    • Advertisement
      Page 21 Advertisements Column 2
      320 21 IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO ANO IN THE MATTER Of WIDIA S.E. ASIA (PTE) LTD (IN UQUIOATION) NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which Is being voluntarily wound up. are required on or before 7 AUGUST 1995. to send in their
      320 words
    • Advertisement
      Page 21 Advertisements Column 3
      65 21 movie butts watch TVI2. j j m fi; i »i jp.N»»# I t fe* 1 < ff r -St V .'-:•>Vf.^-•?. &<IV.. I •#**»?*J-/ *I]A j JF" -J: a •3r »w -f*lh>- ~V ># #«*»<#> -•/v. >k 11 K 4* IF YOU WANT TO TALK TO THE PEOPLE WITH A
      65 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      49 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, UanHe Zaobao and other daiiy 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.
      49 words
Page thumbnail Page 23
  • Page 23 Advertisements
    • Advertisement
      Page 23 Advertisements Column 1
      232 23 BUSINESS TIMES LIFESTYLE EXCLUSIVE JUNERESULTS Congratulations to our winners! A SD/4N golfing holiday to Perth via Business Class for the Western Australia Trophy (5 9 August 1995) A SD/4N golfing holiday to Sydney via Business Class for the SIA Koala 95 tournament (18 23 October 1995) ONG TIAN KHIAM *****278
      232 words
    • Advertisement
      Page 23 Advertisements Column 2
      20 23 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
Page thumbnail Page 24
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      43 25 'INVFST' I I YOUR NEXT WATCH f Jj^ 3*. <*.)£* I m IDEAL CUT DIAMONDS by H. Sena. w Rar C< s c G.LA. CERTIFIED DIAMONDS Manufacturtng Jeweller, Stnct 1919 any SHAPE SMALL TO large Shangri-La Hotel Arcade, CHRONOGRAPH Singapore Tel: 732 5689/732 0721
      43 words
Page thumbnail Page 26
Page thumbnail Page 27
  • Page 27 Advertisements
Page thumbnail Page 28
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      310 28 THE COMPANIES ACT CAP. SO AND IN THE MATTER OF TONG FONO REALTY (PRIVATE) LIMITED (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Chapter 50, that the Final General Meeting of the Company will be held at 750QA Beach Road, *12-307, I The
      310 words
    • Advertisement
      Page 28 Advertisements Column 2
      298 28 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF TOTAL ALTRADES PTE LTD (M MEMBERS'VOLUNTARY UQUDATION) Extract of the Minutes of an Extraordinary General Maadng of iii niffTOirl Of I OCX MvMM nt Lid heid at 1 PhNp Street #06-00 Lippo Centra, Singapore 0104 on
      298 words
    • Advertisement
      Page 28 Advertisements Column 3
      350 28 TOU^RE^TCL^oT^^4Tiaa^^Sx!wMse MdrnMsaarofdmCenpaaim Act Cap SO SPORTSGEAR PTE LTD (Inctxporafeed hi SKCIAL RESOLUTION At aa Bxtraordiaary Oeeeral Maedag of dm menfeen of dm aboveaamed Company. daty coeveeed aad held at 541 Orchwd Road *14-0 lUatTowai Siefapoteo923 oe 29* Jeaa 1993 the following Special Kaaotetloe waa thily passed: "IMS the Compaay fee
      350 words
    • Advertisement
      Page 28 Advertisements Column 4
      390 28 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND M THE MATTER OF •YTCO PTE LTD (W UQUDATX3N) Extract 01 the Mlnutee ol en Extraordinary General Meeting agned by tie niprmnlatvi ol Holding Company relating to Proceedlnga 01 Subetdlery Company pursuant to Section 178(6) ol tie Companiee Act, Chapter
      390 words
    • Advertisement
      Page 28 Advertisements Column 5
      347 28 M THE MATTER OPTIC COUP AMES ACT. CAP. CO AND M THE MATTER OP AOV/kWCg) TOTAL tTtTBM PTI LIP (In Mifnteft* VohrtaiTf Ljouidetton) NOTICEOFRESOLUTIONS At an Extraordinary General Meeting of the member* ol the ebovenamed Company duly convened end held el Bukft Tlmeh Rececour*e.Blngepore 1128 on Vie 28th day of
      347 words
    • Advertisement
      Page 28 Advertisements Column 6
      436 28 M THE MATTER OP THE COMP AME I ACT, CAP. 88 AND M THE MATTER OP TORLEY (SMOAPORQ PTE LTD aa 1-1 (H Msmosri voiumry NOTICE OP RESOLUTIONS Ai an E)dmordnety General Meetng of tie mambem of tie Mwenemeo Compeny duly convened and held at 16 Rdtae Qumr *22-00, Hong
      436 words
    • Advertisement
      Page 28 Advertisements Column 7
      266 28 Singapore dosing Share Prices 06/07/1996 CLOU MV LOW HMM UN IM UM IM OmJy fmnm o!t* Mil Mil o!m BJEjS Nm#n|M tJT iMI IJI 1.90 UUIMH —KwtiOrtwM 1.04 OJN IJM 1-OC JarrihM Ikitafk Warrwti M 041 ft.H f4| fl.m Put*ahed by Jardne Fleming International Securities Limited (Incorporated m British Virgin
      266 words
    • Advertisement
      Page 28 Advertisements Column 8
      250 28 the compaises act, cap. m CEDAR^IHVBTOEHTS (la Vatontory Wtedtog-Up) At an Extraordinary Ganaral Masting of ttw abovanamad Company hald oa Na 29th day of Jin 1995, 9a loMng SpscH Resolution wts duly pomd:"THAT toe company ba wound up voluntary purauant to Section 290(1) (b) otoe Companlaa Act Cap. 50 and
      250 words