The Business Times, 8 July 1995

Microfilm: NL20008
Total Pages: 26
1 26 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Weekend Edition, July 8-9 1995 WE KNOW ASIA 85*
    13 words
  • Article, Illustration
    Lock icon Rajan Filial dies in New Delhi hospital
    451 1 AP, AFP NEW DELHI Former Asian "Biscuit King" Rajan Pillai, whose extradition was sought by the Singapore government, died in a New Delhi hospital yesterday. Pillai, 47, died around 8.30 pm here (1500 GMT), less than two hours after he was shifted to
    AP,; AFP  -  451 words
  • Article, Illustration
    Lock icon Nikkei leads surge in Asian markets with 956-point rise
    520 1 AFP, Reuter, Bloomberg Business News TOKYO Asian stock markets went on a rocket ride yesterday, with the first US interest rate cut in nearly three years providing the launching pad. The Tokyo bourse led the pack as its key Nikkei Stock
    AFP,; Reuter,; Bloomberg Business News; Source: Bridge Info  -  520 words
  • Article
    Lock icon Dow leaps 32.51 points
    70 1 Reuter NEW YORK Signs of a strengthening economy and a jump in the dollar pushed stocks further into record territory yesterday, with the benchmark blue chip IBM breaking through US$lOO for the first time since 1992. At 2pm EDT, the Dow Jones Industrial Average was up
    Reuter  -  70 words
  • Article
    MARKET SUMMARY
    169 1 Stock market indices Friday Change ST1I 2.159.99 +26.34 KLSEComp 1.059.91 +14.56 Nikkei 16.213.08 +956.19 Hang Seng 9.632.25 +255.38 SET Index 1.461.81 +34.24 Jakarta Comp 509.14 +9.66 Manila Comp 2.893.40 +59.13 Taipei WPI 5.598.74 +120.56 Seoul Comp 942.38 +27.43 Bombav BSE30 ..3.187.90 +21.32 CLSA China B 781.64 +2.81 Aust
    169 words
  • Article
    Further cuts in S'pore prime rates unlikely: UOB chief
    461 1  -  By Shiv Taneja SINGAPORE United Overseas Bank, the leader of a recent round of prime rate cuts in Singapore, said further cuts are unlikely this year, a view shared by many analysts. Explaining in an interview with BT why further cuts
    461 words
  • Article
    Teng Fong looks set for counter-bid after lifting YHS stake to 24.9%
    356 1  -  By Conrad Raj SINGAPORE Property magnate Ng Teng Fong appears to be on the verge of making a counter-bid for food and beverage producer Yeo Hiap Seng after raising his stake in the company to 24.90 per cent
    356 words
  • Article
    Has the Net caught you yet?
    77 1 Singapore's catching up fast with the hottest thing to hit the world in years the Internet. And Business Times is plugging in. Three weeks ago, BT became the first Englishlanguage newspaper in Asia to go online. Today we start a weekly column devoted to
    77 words
  • Article
    Govt may sell multi-billion dollar Tuas Power Station
    657 1  -  Bid to introduce competition in industry By Genevieve Cua SINGAPORE The Government has plans to sell the mul-ti-billion dollar Tuas Power Station now under construction to a third party to create competition when the electricity supply is privatised. And big users of
    657 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      300,000 S'poreans to share $250m Medisave top-up
      651 2  -  Govt will also make $17 ..6m one-off payment to early public servants By Abdul Hadhi THE government will make a one-off payment totalling $17.6 million to the nation's early leaders and civil servants and spend $250 million topping up the Medisave accounts of
      651 words
    • Article
      S$ fixed by forex market Cheow Tong
      84 2 THE government would slow the pace of the Singapore dollar's rise when necessary, but the value of the currency was ultimately fixed by the international foreign exchange market, Trade and Industry Minister Yeo Cheow Tong said. The local dollar up 11 per cent
      84 words
    • Article
      Easier to employ M'sian workers
      72 2 SINGAPORE'S foreign worker policy is being reviewed to make it easier for employers in the manufacturing and service sectors to hire workers from Malaysia, Labour Minister Lee Boon Yang said. But it would not open the door wider to foreign workers from non-traditional sources, he
      72 words
    • Article, Illustration
      Fairer vehicle registration dates
      69 2 FROM Aug 1, the age of a newly registered vehicle will be computed from the day of registration not from the first day of the month, as is the practice now. This would give vehicle owners a fairer deal, Communications Minister Mah Bow Tan (right) said.
      69 words
    • Article
      Govt supports ferry link to east coast
      85 2 THE government is prepared to build a landing point if private operators are keen to start a ferry service between Clifford Pier and the east coast. "A ferry service between Clifford Pier and the east coast is conceptually possible if there is sufficient
      85 words
    • Article
      Keeping tabs on Indon reactor plan
      95 2 SINGAPORE is keeping watch on the progress of Indonesia's feasibility studies to build nuclear power plants in Central Java, Deputy Prime Minister Lee Hsien Loong said. But it has not raised the matter with Indonesia, or in Asean or the United Nations. "Indonesia is
      95 words
    • Article, Illustration
      Plenty covered in just over four hours
      715 2  -  In Parliament Yesterday By Chuong Peck Ming THERE was plenty to deal with, but Parliament was in a businesslike mood yesterday. In just over four hours less a short break it disposed of 15 questions for oral answer, a ministerial statement and 12
      715 words
    • Article, Illustration
      Good response to Springside's launch
      274 2 A FREEHOLD landed development at Sembawang drew an encouraging response at the soft launch yesterday. The Springside, by Lee Rubber subsidiary Kallang Development, comprises 540 houses to be built in 16 phases. The first three phases, launched yesterday, consist of 85 houses seven bungalows, 12
      274 words
    • Article
      GIC to buy 40% of NTUC's Fairprice International
      203 2 THE Government of Singapore Investment Corp will pay $2.5 million to buy 40 per cent of NTUC Fair Price Co-opera-tive's shares in Fairprice International. Fairprice International, currently owned wholly by NTUC Fair Price, is the vehicle for the cooperative's overseas expansion drive.
      203 words
    • Article
      Think global, association urges Singapore fish merchants
      325 2 FISH merchants in Singapore should think global, Raymond Lim, president of the Seafood Industries Association and first vice-president of the Singapore Fish Merchant General Association, said yesterday. "In the past, we concentrated on the local market, but due to the shortage of seafood
      325 words
    • Article
      Be market-focused, consultant urges insurers
      241 2 THE future of general insurers lies in being market-focused and not the current practice of being product-focused, said a management consultant yesterday. Insurers ought to establish profitable market segments, make the insurance process more cost-effective, focus more on customers, and build a marketing and relationship-based
      241 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
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      133 words
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  • THE REGION
    • Article
      Time running out for Banharn on Vatana issue
      551 3  -  Fran Loh Hui Yin in BANGKOK BANHARN Silpa-archa's coalition has run into trouble over Vatana Asavahame the politician alleged by the United States to have links with the drug trade. Unless prime minister-des-ignate Mr Banharn can sort out the wrangle over whether
      551 words
    • Article
      Lock icon China defers bankruptcy plans for state firms
      185 3 UPI BEIJING China has postponed plans to let floundering state-owned Arms plunge into bankruptcy out of fears of social chaos, a report said yesterday. The state commission for restructuring the economy decided the "conditions for widespread bankruptcy reform are not ripe", citing the
      UPI  -  185 words
    • Article, Illustration
      Lock icon Rice aid for N Korea
      38 3 Reuter TOKYO The 9,430 tonne North Korean freighter Samilpo docked at Tokyo's Odalba port yesterday to pick up the first consignment of 300,000 tonnes of rice Japan promised to the communist state. Reuter
      Reuter  -  38 words
    • Article
      Japanese investment in China set to soar
      496 3  -  From Florence Chong in TOKYO JAPANESE investment in China is set to increase sharply in the near future, according to a senior official with the Ministry of International Trade and Industry (Miti). Takaji Kigasawa, the division head in charge of China at Miti,
      496 words
    • Article
      Lock icon 600 die as storms pound southern China
      418 3 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 on Thursday. About 600 people have died in the recent flooding
      AP  -  418 words
    • Article
      Lock icon Clinton agrees in principle to resume ties with Vietnam
      419 3 AP WASHINGTON President Bill Clinton has agreed in principle to establish formal diplomatic relations with Vietnam and is awaiting the formal recommendation and justification for the move from his national security advisers, administration officials said this week. Officials at the State
      AP  -  419 words
    • Article
      Lock icon US lawmakers to call for trade ban on Myanmar?
      250 3 AFP WASHINGTON US lawmakers are expected to introduce legislation next week that would ban commercial ties with Myanmar, congressional sources said on Thursday. A spokesman for Senator Mitch McConnell said the Republican from Kentucky would introduce a provision early next week
      AFP  -  250 words
    • Article
      Lock icon Canberra braces for Indon backlash
      231 3 AP CANBERRA Australia is bracing for a possible Indonesian backlash over the Mantiri affair, with concern growing that the bilateral relationship could be heading into a period of prolonged difficulty. Indonesian Foreign Minister Ali Alatas on Thursday withdrew the nomination of Herman Mantiri as ambassador
      AP  -  231 words
    • Article, Illustration
      Lock icon Daim against indiscriminate building
      67 3 Bcrnama KUALA LUMPUR Former Finance Minister Tun Daim Zainuddin has expressed concern over environmentally destructive development projects in Malaysia and criticised developers and planners who associate development only in terms of skyscrapers without regard to the consequences. He said in Malaysia mountains are flattened and trees
      Bcrnama  -  67 words
    • Article
      Lock icon China's industrial growth slows to 14%
      60 3 Bloomberg Business News BEIJING China recorded 14 per cent industrial output growth year-on-year in the first half, down from 18 per cent in the whole of 1994, thanks to slower money supply growth, the State Statistics Bureau reported. Industrial output growth rose to 13.9
      Bloomberg Business News  -  60 words
    • Article
      Lock icon M'sia, Pakistan sign economic pacts
      51 3 Reuter KUALA LUMPUR Malaysia and Pakistan signed an agreement on economic, scientific and technical cooperation yesterday and another on promotion and protection of investments. The agreements were witnessed by Malaysian Prime Minister Mahathir Mohamad and visiting Pakistani Prime Minister Benazir Bhutto following a one-hour meeting.
      Reuter  -  51 words
    • Article
      Lock icon Jakarta to build 3 ports on Natuna
      67 3 AFP JAKARTA Indonesia will build three ports on the Natuna islands to secure its US$42 billion (Sss9 billion) gas project in the South China Sea, a report said here yesterday. The government will build tanker, logistical and naval ports, and an airport on
      AFP  -  67 words
    • Article
      Lock icon S Korean builders may get life sentence
      63 3 AFP SEOUL The South Korean cabinet yesterday approved changes to the country's construction laws, empowering courts to hand down life sentences to builders responsible for loss of life because of shoddy work. The decision, eight days after the disastrous collapse of the Sampoong
      AFP  -  63 words
    • Article
      Lock icon Beijing signalling possible compromise on Spratlys: Manila
      261 3 AFP MANILA China has given indications of a possible compromise on the issue of conflicting claims to the Spratly islands in the South China Sea, Philippine Foreign Secretary Domingo Siazon said here yesterday. Mr Siazon said that, in meetings with their Philippine counterparts,
      AFP  -  261 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
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      527 words
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  • REGION/WORLD
    • Article
      Fed's 1/4 point rate cut seen as a compromise
      557 4  -  From Leon Hadar in WASHINGTON THE US central bank's move on Thursday to cut a key short-term interest rate by a quarter percentage point has been described by analysts as a compromise between the inflation hawks and the reces-sion-weary Federal Reserve
      557 words
    • Article
      Lock icon US jobless rate slips unexpectedly to 5.6% Report raises questions over Fed's timing of rate cut, say economists
      327 4 Reuter WASHINGTON The employment market rebounded unexpectedly in June as the number of jobs in the economy grew sharply and the jobless rate fell to 5.6 per cent from 5.7 per cent,
      Reuter  -  327 words
    • Article
      Lock icon Kantor challenges Gingrich to debate trade policy
      219 4 AFP WASHINGTON The top US trade negotiator with Japan challenged Republican speaker Newt Gingrich on Thursday to a debate on the government's policy towards Japan, saying he was prepared to meet him "anywhere, at any time". Mr Gingrich on Wednesday criticised President Bill
      AFP  -  219 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1526 4 AIRCRAFT ARRIVALS DEPARTURES City Flight ETA Flight ETC) MMaMa grei 1930 Qf82 2055 >■■» RJ187 0130 (tutwrtw SQ25 1215 GA890 0205 KL837 1450 KL838 2300 SQ324 2330 Auckland NZ21 1735 NZ22 1920 SQ286 2040 B Sari Bagawan ***** 1105 SQ182 0915 SQ181 1410 ES422 1210 BI427 1720 B1428 1820 lllfclg
      1,526 words
    • Article, Illustration
      Lock icon Horn of plenty
      49 4 Reuter AKMARAL, Kazakhstan A Kazakh herdsman drinking the blood of a live deer after cutting off its antlers on a farm near the village of Akmaral in eastern Kazakhstan yesterday. Every season, the tribesmen drink the deer blood which the local population consider a cure-all. Renter
      Reuter  -  49 words
    • Article
      Lock icon HK, China in talks over right of abode: Chief Secretary
      283 4 AFP HONGKONG Hongkong is talking with China over who will have the right of abode in the territory after it reverts to Beijing's rule in July 1997, Chief Secretary Anson Chan said yesterday. "We are discussing with China" when and
      AFP  -  283 words
    • Article
      Lock icon EU slams US for defying international trade rules
      355 4 AP WASHINGTON The European Union attacked the US on Thursday for "unilateralism" and "extraterritoriality" two words that mean going it alone in world trade. The European Commission, joint executive of the 15 EU governments, issued its "1995 Report on US Barrieis to
      AP  -  355 words
    • Article
      Lock icon Chechen rebel chief's uranium threat is a bluff, says Moscow
      268 4 AFP MOSCOW A threat by Chechen rebel commander Shamil Basayev to attack Moscow with radioactive substances if current peace talks failed was dismissed as a bluff here, but experts warned that it could cause panic in the streets. Mr Basayev
      AFP  -  268 words
    • Article
      Lock icon Leeson's extradition: October's the earliest, say prosecutors
      122 4 Bloomberg Business News FRANKFURT Nick Leeson, the former Barings pic trader who is in prison in Germany, could not be sent to Singapore for trial until October at the earliest, since his appeal deadline has been extended by a month, the German prosecutors'
      Bloomberg Business News  -  122 words
    • Article
      Lock icon S'pore inspectors query conduct of ex-Barings chief
      396 4 Peter Norris protests over suggestions he tried to conceal £50m loss FT LONDON Singapore inspectors investigating the collapse of Barings have strongly questioned the conduct of the UK merchant bank's former chief executive Peter Norris in the month before it collapsed on Feb
      FT  -  396 words
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  • COMPANIES & MARKETS
    • Article
      CAM moving into gaming business with PNG stake
      329 5  -  By Claire Leow SINGAPORE Electronics company CAM Mechatronic is going into the gaming business, with a US$lO.2 million (5514.3 million) investment for a 51 per cent stake in a Papua New Guinea company, Golobadana No 7 (G7). CAM's wholly owned subsidiary and
      329 words
    • Article, Illustration
      Comfort shares continue to surge amid institutional buying
      357 5  -  By Ven Sreenivasan SINGAPORE Shares of the Comfort Group surged another 5 per cent yesterday as institutional buyers continued to chase up the counter for the third consecutive day this week. Comfort was the most active counter on the Stock Exchange of
      357 words
    • Article, Illustration
      Substantial shareholder looking to sell ABR
      199 5 SINGAPORE Sesdaq-listed ABR Holdings, which runs the Swensen restaurant chain, yesterday confirmed reports that a substantial shareholder is interested in selling his stake. ABR, or Asia-Pacific Based Restaurant-chain, said in a statement to the Stock Exchange of Singapore: "We have been advised by a
      199 words
    • Article
      All 21.3m CMSP placement shares find buyers
      201 5 SINGAPORE All 21.28 million placement shares of the China Merchant Shekoii Port Co Ltd (CMSP) found buyers yesterday, one day after the launch of the company's share offer. CMSP, the first Chinese company to seek a secondary listing on the Stock Exchange of
      201 words
    • Article
      Manila controversy casts shadow over Hopewell
      624 5  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE Until recently, Hopewell Holdings could not be faulted for regarding the Philippines as an exclusive preserve. After all, Hopewell and its subsidiary, Consolidated Electric Power Asia (Cepa), had an enviable track record in securing private power
      624 words
    • Article
      Troubled EML to decide on future next week
      486 5  -  By David Mok SINGAPORE Shareholders of Electro Magnetics Ltd (EML) will know next week whether the troubled videotape maker is going bust or will be able to carry on its business. An EML official said yesterday the company would make an announcement
      486 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 5 For next week's expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finance A Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        97 5  -  By Paul Leo SUPER Coffeemix jumped 8 cents to 67 cents yesterday on a sudden surge in interest, with 1.39 million shares changing hands compared with the 10-day average of 92,000 units. While momentum indicators have signalled a buy, both Stochastics and Relative Strength Indices are overbought, indicating
        97 words
    • COMPANIES
      • COMPANY BRIEFS
        • Article
          RDC unit sets up property firm
          63 6 SINGAPORE Resources Development Corp's wholly owned subsidiary RDC Land has incorporated a property development company. Called Tembeling Development, the new firm will build eight semi-detached houses at Tembeling Road. The firm, which has authorised and paid-up share capital of $1 million, has paid $11.98
          63 words
        • Article
          Keppel ups stake in Southern Bank
          33 6 SINGAPORE Keppel Corp has increased its deemed and beneficial substantial shareholding in Southern Bank to 19.170 million shares, from 18.426 million shares, after recently buying 744,000 shares.
          33 words
        • Article
          Kim Eng director sells shares, warrants
          41 6 SINGAPORE Kim Eng Holdings director Douglas Ooi Thean Seng sold 100,000 Kim Eng shares at $1.4935 each and 875,000 warrants at $0.***** each on Wednesday. He still holds 55.497 million shares and 6.72 million warrants.
          41 words
        • Article
          Liang Court appoints controller
          60 6 SINGAPORE Liang Court Holdings said yesterday it had appointed Rajiv M Matthew as controller/treasurer, effective July 4. Mr Matthew, 35, is a US citizen and certified public accountant of the state of California. Before joining Liang Court, he worked in the US for Conner Peripherals, the
          60 words
        • Article
          Amcol director quits
          26 6 SINGAPORE Amcol Holdings said yesterday it had accepted with regret the resignation of Paul Tong Yuk Lun as a director, effective July 6.
          26 words
        • Article
          Lock icon Sateras' property deal
          76 6 Reuter KUALA LUMPUR Sateras Resources (Malaysia) has entered into an agreement to buy Tropical Forests Resorts, owner of 833 hectares of land in Terengganu which is to be developed into a 360-room, four-star hotel resort. Sateras will pay Ms4o million (5522.8 million) cash and the balance through
          Reuter  -  76 words
      • Article
        Untitled
        572 6 M—ptkm Jul 8 10 Sh Greater China Fd 0.% 1.00(8 ll-jx tn»l Mcndaki Or Fund 1.05 1.08$ SMgapOrt UIMt I rust US Gr Fund 1.07 I.II® The Commerce 1.59 1.68 iiab m ii«i i j The Savings Fund 1.54 1.63 MMI Mgl LU S'pore Prog Fund 0.63 0.67 Unifund 1.47
        572 words
      • Article, Illustration
        Lock icon Three Joseph Lee-linked firms lead trading on KLSE
        354 6 Takeover talk spurs interest in NBT, CASH and Pengkalen: brokers Bloomberg Business News Reuter KUALA LUMPUR Three companies linked to Sabah businessman Joseph Ambrose Lee topped the list of most active counters in the Kuala Lumpur stock market yesterday on takeover rumours.
        Bloomberg Business News; Reuter  -  354 words
      • Article
        Lock icon Chase Perdana close to deal on controlling stake in Sitt Tatt
        413 6 MBT KUALA LUMPUR Chase Perdana Bhd, which changed its name from Chew Piau Bhd yesterday, is acquiring a controlling stake in Sitt Tatt through shares held by the Sabah state government, in a strategic alliance that could propel it
        MBT  -  413 words
      • Article
        Lock icon TelecomAsia to buy 20% of cable project
        222 6 Reuter BANGKOK Thai telecom giant Telecom Asia pic said its unit KIN Thailand Co Ltd will buy a 20 per cent stake in Fiberoptic Link Around the Globe (Flag) Co Ltd. Telecom Asia said in a filing to the Stock Exchange of Thailand
        Reuter  -  222 words
      • Article
        Lock icon TRI tie-up bids for Indian telecoms licences
        211 6 AFP KUALA LUMPUR Malaysia's Technology Resources Industries Bhd (TRI) has bid for cellular service licences in southern India in a tie-up with India-based telecommunications player Advanced Radio Mass Ltd (ARML), a local news report said yesterday. Listed TRI will compete with 32 other
        AFP  -  211 words
      • Article
        Lock icon Sime-led consortium wins one of two M'sian airport deals
        273 6 AFP KUALA LUMPUR The Sime Darby group has won one of two multi-million ringgit contracts to provide passenger loading bridges and apron services at Malaysia's second international airport. A Sime subsidiary, Sime Engineering Sdn Bhd, was among four companies grouped into
        AFP  -  273 words
      • Article
        Lock icon Metro Pacific chief to head property project
        191 6 AFP MANILA Ricardo Pascua, president of Metro Pacific Corp, the local subsidiary of the Hongkong-based First Pacific Group, has stepped down to run a joint-venture real estate project, it was announced here yesterday. Mr Pascua will remain as vice-chairman and a director of
        AFP  -  191 words
      • Article
        Lock icon Rashid Hussain buys 85% of Indon broking firm
        265 6 AFP KUALA LUMPUR Rashid Hussain Bhd has bought an 8S per cent stake in Indonesian stockbroker PT Seruni Tunggal, amid rising local interest in Indonesia's financial sector, officials said yesterday. Rashid Hussain's wholly owned subsidiary, RHB Capital (Jersey) Ltd, bought the stake
        AFP  -  265 words
      • Article
        Lock icon Smith New Court roots for Asian stock markets
        193 6 Reuter HONGKONG Smith New Court Far East said it had recommended that investors overweight Asia, excluding Japan, in global portfolios. "Asia's dollar-linked markets are making a comeback after the 1994 rout. Decelerating US economic growth and declining interest rates will provide the
        Reuter  -  193 words
      • Article
        Untitled
        960 6 Payment Ex Books Pay date close date Acma 50* F 12.5 Jun 27 Jul 3 Jul 17 Alcorn F 5TE Jun 23 Jul 7 Jul 22 Alex Hides 50* b 6 Sep 6 Sep 12 Sep 26 Amcol 25' F 20 Aug 8 Aug 14 Aug 30 Asm Pacific I
        960 words
      • Article
        Lock icon SEC to take Nasdaq operator to task over trading violations
        279 7 LAT NEW YORK The Securities and Exchange Commission has found evidence of widespread violations of trading regulations on the Nasdaq stock market and is working toward filing a major, highly unusual disciplinary case against Nasdaq's parent organisation, sources familiar with
        LAT  -  279 words
      • Article
        Lock icon Samsung building chip plant in China
        109 7 Reuter SEOUL Samsung Electronics Co Ltd yesterday said it has begun building a US$lOO million (Ssl4o million) plant to assemble non-memory semiconductors in Suzhou, China. Samsung Electronics (Suzhou) Semiconductor Co Ltd will be able to assemble 20,000 pieces each of transistors and non-memory integrated
        Reuter  -  109 words
      • Article, Illustration
        Lock icon Cheaper colas
        50 7 AFP TOKYO A shopper eyeing a new low-priced cola drink, Virgin Cola, at a supermarket on Thursday, the first day of its sale in Japan. The coja is selling for 75 yen (551.22) per can in some 6,000 outlets run by Japan's top supermarket operator Daiei Inc. AFP
        AFP  -  50 words
      • Article
        Lock icon Lockheed Martin clinches US$650m mobile phone job
        306 7 AP EAST WINDSOR, New Jersey Lockheed Martin Corp has signed a US$65O million (SS9O3 million) contract to build a regional mobile telephone communications system for the Asia Cellular Satellite (ACeS) system, the company said on Thursday. ACeS will provide cellular services for pagers,
        AP  -  306 words
      • Article
        Lock icon Chrysler blocks Iacocca from cashing in options
        168 7 Bloomberg Business News, Reuter HIGHLAND PARK, Michigan Lee lacocca wants to make U552.45 million (553.4 million) cashing in options awarded to him by the company he used to run but Chrysler Corp won't let him. Chrysler is also brushing off the latest overtures
        Bloomberg Business News,; Reuter  -  168 words
      • COMPANY BRIEFS
        • Article
          Lock icon Du Pont unit, Mitsubishi Paper team up
          67 7 Reuter TOKYO EI Du Pont de Nemours and Co's Japanese unit Du Pont KK and Mitsubishi Paper Mills Ltd will set up a joint venture in Japan in September to sell printing equipment, both companies said in a statement yesterday. The venture, to
          Reuter  -  67 words
        • Article
          Lock icon Templeton places 9.2m Fortei shares
          102 7 Reuter HONGKONG Shoemaker Fortei Holdings Ltd yesterday said it is in compliance with the stock exchange rule requiring listed companies to have at least 25 per cent of their shares in public hands, after Templeton International Inc reduced its stake in Fortei to 9.98 per
          Reuter  -  102 words
        • Article
          Lock icon Akai to cut workforce through retirement
          80 7 Bloomberg Business News TOKYO Akai Electric Co, a financially troubled maker of audio equipment, will cut its 1,070-person workforce by up to 40 per cent in the fiscal year to March 1996 in an attempt to escape from debts totalling 7.4 billion yen (Ssl2o
          Bloomberg Business News  -  80 words
        • Article
          Lock icon Strikes cost Ssangyong Motor 70b won
          65 7 Reuter SEOUL Ssangyong Motor Co Ltd, a unit of South Korea's Ssangyong Group, yesterday said it had suffered 70 billion won (SSI26 million) in lost production in nearly a month of wildcat industrial action. Ssangyong's union, demanding reinstatement of its chairman who was dismissed
          Reuter  -  65 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        542 7 Vessel ¥oy W» Berth Anival Departure Jurong Port (BT) Kaesa J1 alongside 08.07/1200 Alana Jaya A80 J1 alongside 08 07/0200 Baton Bahama 07/01/95 12 atoogsde 0807/2315 Bintan Indah 001 12 alongside 08.07/2300 Dm Guna 07/03/95 il alongside 08.07/2300 Koindo 07/03/95 J1 alongside 08.07/1300 North Star 01/95 12/3
        542 words
      • Article
        CONTAINER SCHEDULES
        1597 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance RsJts SNp Voy No Etb/Btr Period From To From Acx Jade 245B 08/1630 IB 07/1500 07/1659 07/1900 Acx Jade 246A 09/1500 IB 07/1500 07/1659 07/1900 3 08/0700 08/1159 08/1400 4 08/1200 08/1459 08/1700 Asear Indah AG879 09/0200 W
        1,597 words
    • FINANCE & COMMODITIES
      • Article
        Bullish coffee traders hit by falling prices
        442 8  -  Coffee prices plunge to 13-month low after biggest producer Brazil opts out of plan to cut exports By Siow Li Sen SINGAPORE Regional coffee traders, which were expecting prices to firm, are losing money because coffee prices have fallen sharply, Singapore traders said.
        442 words
      • Article
        Lock icon Lloyd's names £2.8b settlements panel
        170 8 Reuter LONDON Lloyd's of London, the troubled insurance market, announced on Thursday the committee which will advise on the allocation of £2.8 billion (556.25 billion) in settlements to Names the market's individual members. The settlement package is designed to help Names meet the premium for
        Reuter  -  170 words
      • Article
        Lock icon Refinery cuts in Japan likely to hit ME crude producers
        275 8 Reuter SINGAPORE Middle East crude oil producers could lose market share in Asia as their major customers in Japan prepare to cut refinery runs due to high oil product stockpiles, sources said yesterday. The sources foresee a price war on
        Reuter  -  275 words
      • Article
        Lock icon UK investment houses made record profits in '94: survey
        339 8 Reuter LONDON UK fund management houses achieved record levels of profitability last year despite growing competition and depressed world equity markets, a survey by Price Waterhouse showed. Median profitability (before interest and tax as a proportion of revenue) was nearly 33
        Reuter  -  339 words
      • Article, Illustration
        Lock icon Ancient foreign exchange
        57 8 AFP ROUEN, France A French archaeologist holds up one of the Roman coins found in St-Ouen du Breuil in southern France. The 16 gold and 26 silver coins from the 4th Century were unearthed accidentally by workers building a highway between Le Havre and Amiens, where about
        AFP  -  57 words
      • Article, Illustration
        Fed meeting keeps US$ traders on edge
        421 8 DBS Bank weekly currency review US$/Dm: quiet as a church mouse US Independence Day holiday on Tuesday, followed by the Federal Reserve's two-day Open Market Committee meeting, left the market limited. Trading in US$/Dm was range-bound from 1.3770 to 1.3870. Strong support is
        421 words
      • Article
        IEA raises 1995 oil demand estimate
        318 8 PARIS Burgeoning demand in Asia and Latin America has prompted the International Energy Agency to raise its estimate of 199S world oil demand. The agency says demand will average 69.5 million barrels a day this year, 200,000 barrels a day higher than its previous
        318 words
      • Article
        Lock icon LONDON
        199 8 Bloomberg Business News LONDON The US dollar jumped to a six-week high against the yen and rallied against other major currencies after the Federal Reserve and the Bank of Japan bought the US currency for yen. The central banks' buying spree helped the US dollar add to gains it
        Bloomberg Business News  -  199 words
      • Article
        Lock icon NEW YORK
        95 8 AFP NEW YORK The US dollar was up sharplv against major currencies in heavy trading yesterday morning, as the US and Japan intervened on behalf of the greenback after the release of positive June unemployment data. At 10:15 am (1415 GMT), the US dollar fetched 1.3977 German marks
        AFP  -  95 words
      • Article, Illustration
        Untitled
        1284 8 rade-*n,fHied index calculated amtnst S'pore'i tap 14 trading partner, Base year /M 5 USS/S$ forward rates Noon /Jul 7 s$ Bid Ofcr 1-month ***** ***** 2-month 1.3904 1.3919 3-month ***** 1.3879 6-month I.37J8 1.3778 Sounr OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at Im m M 7 Singapore dollars
        1,284 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen jumps on surprise BOJ easing
        1418 9 Reuter SINGAPORE Simex Euroyen futures rallied to end sharply higher after the surprise move by the Bank of Japan to ease rates. Dealers said the Euroyen looks heavy at these levels though sentiment was still bullish. "It is very difficult to sell in this
        Reuter  -  1,418 words
      • Article
        Gold futures gain on yen's fall
        678 9 COMMODITY REPORTS Gold Tokyo: Yen-denominated gold futures rose in nervous trade, following the yen's fall against the US dollar, traders sakT Yen-based futures ranged from six to 13 yen per gram higher. Benchmark June finished six up at 1,063. Trade stepped into full swing
        678 words
      • Article
        China seen buying copper
        67 9 TOKYO Shipments of copper to China are seen as the most likely cause for a drawdown of 12,900 tonnes in stocks of copper in Singapore London Metal Exchange warehouses reported yesterday, according to traders. The drawdown comes just weeks after inflows of copper from China built
        67 words
      • Article
        Oil output exceeds target report
        47 9 HONGKONG China's oil production during January-June 1995 was slightly over target at 69.7 million tonnes, China Oil News said yesterday. The amount represents 50.34 per cent of China's target for 1995 and daily average production of 383,000 tonnes for the same period.
        47 words
      • Article
        India sugar industry expects exports
        59 9 NEW DELHI India's sugar industry expects the government to allow the export of 500,000 tonnes of white sugar in calendar 1995, but cannot say exactly when the sales will take place. Industry officials said immediate sales are advisable. The world market has been abuzz for
        59 words
      • Article
        Asia coffee sales rush possible
        68 9 SINGAPORE Asia's coffee growers may rush to book sales for the rest of the year because of Brazil's decision on Thursday not to join an export suspension plan pushed by some South American growers, say traders in the region. Exporters in Vietnam, Indonesia, India and
        68 words
      • Article
        China lets silver prices fluctuate
        64 9 BEIJING China has decided to allow the buying and selling prices of silver to fluctuate more freely in a bid to bringprices in line with the international market, the official China Mining News reported yesterday. After the change, the price at which the government buys
        64 words
      • Article
        COMMODITY PRICES
        1487 9 SICOM Futures RnMW (futures dosing as at 5.30pn) WSS 1 Cutract (S cents/kg) Close Volume Open Month High Low Set! (tonnes) Interest Aug 95 I I 197.50 I IT*) Sep 193.50 191.50 193.50 500 1925 Oct 189.00 100 2250 Nov 189.00 100 2250 Dec 189.00 100 2250 Jan/Mar
        1,487 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1052 10 +24.5 INTEREST rate cuts in the US and Japan lured investors to the Australian bourse yesterday and prompted shares to rally 1.2 per cent to a six-week closing high. "I think there was positive sentiment from the lead overnight in New York on the cut in interest rates over
        1,052 words
      • Article
        Manila
        568 10 +59.13 Heavy buying on Wall Street and the US interest rate cut propelled Philippine share prices up at close, brokers said. The Composite Index closed 59.13 points higher at 2,893.40 with 1.92 billion shares worth 2.43 billion pesos changing hands. All sectors advanced with the Commercial-Industrial Index leading the
        568 words
      • Article
        Taipei
        525 10 120.56 Taiwan stocks soared to end 2.20 per cent up on active buying in low-priced issues in a continued rebound which received added impetus from sharp gains on Wall Street overnight, brokers said. The Weighted Price Index jumped 120.56 points to close at 5,598.74, off an earlier high of
        525 words
      • Article
        Seoul
        407 10 +27.43 South Korean share prices surged 3 per cent, as the market regained momentum from foreigners injecting funds on their shareholding expansion and on news of US interest rate cuts, brokers said. "The overall mood turned bullish, as post-election uncertainty faded and foreign funds swarmed into the Seoul bourse
        407 words
      • Article
        New Zealand
        319 10 17.10 After a modestly firmer start the New Zealand share market piled on the gains in the after- noon to end 17.10 points better. Brokers said the rally was leader-driven with the smaller companies capital index up only 9.78 points at 3,693.27. The NZSE-40 Capital Index closed up
        319 words
      • Article
        Bombay
        144 10 +21.32 Shares on the Bombay Stock Exchange ended above previous levels as sentiment was cheered by an early rain shower in the city, brokers said. 'The market was slightly up today. The rains have propped up everyone's sentiment. The monsoon seem to have set in and we could see
        144 words
    • WORLD STOCK MARKETS
      • Article
        London
        759 10 +74.6 EQUITIES finished at a 17month high, spurred on by Thursday's surprise 25 basis point US rate cut and another strong performance on Wall Street. Some dealers say the rally could continue at least until the early part of next week before profit-taking sets in. "There are still a
        759 words
      • Article
        Paris
        138 10 +61.31 The Paris stock exchange saw its biggest one-day gam in almost three years yesterday, with the CAC-40 Index shooting up 3.24 per cent or 61.31 points to close at 1,950.80. Traders said the rise was due to US interest rate cut. It was the biggest increase since Sep
        138 words
      • Article
        Frankfurt
        223 10 +52.02 German stocks surged 2.5 per cent to close at a 10month high, as the cut in US interest rates spurred hopes the Bundesbank will follow suit. Lower German interest rates would cut corporate borrowing costs, helping to boost profits. Boosted further by a late surge in the dollar,
        223 words
      • Article
        Brussels
        192 10 13.94 Belgian shares closed higher with late dollar and Wall Street advances bolstering some of the strong opening gains. The Bel-20 Index of leading shares ended 13.94 points, or 0.97 per cent, higher at 1,449.48, off session highs of 1,457.89. Non-ferrous metals group Union Miniere ended near day highs,
        192 words
      • Article
        Amsterdam
        266 10 +7.0 Dutch stocks rallied to a new record-high in their most active session this year as the US rate cut fuelled optimism that European rates will also be lowered. Boosted by gains in Philips Electronics NV and ING Groep NV, the Amsterdam EOE Index rose 1.59 per cent, or
        266 words
      • Article
        Zurich
        241 10 13.12 Swiss shares ended firmer as the cut in a key US interest rate led the market up in early business, dealers said. Higher bond markets also were lending support. The SMI Index of leading shares went up 14.4 points to 2,848.1 points after a high of 2,856.8. The
        241 words
      • Article
        Johannesburg
        366 10 +61.1 Euphoria on world markets at last took hold of limp South African shares and prices advanced strongly across the board in brisk late trade after a messy, lacklustre week, dealers said. "Local buyers have come back in and we've been scratching for stock," a dealer said. Golds and
        366 words
      • Article
        Toronto
        231 10 +30.37 Stocks jumped in early trading, riding a surge in global markets after Thursday's cut in US and Canadian interest rates. The TSE-300 Index rose 30.37 points to 4,590.54 on volume of 22 million shares with a value of C 5318.5 million. On Thursday The TSE--300 index rose 6.87
        231 words
      • Article
        New York
        708 10 +26.97 Stock prices turned sharply higher in heavy trading earlv yesterday as the market fought off pressure from bonds slide following a stronger-than-expected employment report. The Dow Jones Industrial Average, which soared 48.77 points to 4,664.00 on Thursday, was up 26.97 points to 4,690.97 at 11 am EDT.
        708 words
      • Article
        Milan
        155 10 +196 Stocks soared, lifted by a calmer Italian political scene and an interest rate cut in the US that spurred hopes that rates in other industrialised countries will fall, boosting corporate earnings. The all-share Mibtel Index gained 1.98 per cent or 196 points to 10,098, taking it to its
        155 words
      • Article
        Untitled
        555 10 Stockholm Jri 7 Skr An 62 tOO yach Aura 224.50 200 AltaCopco ***** 4 50 Ekctrohu B >64 00 24.00 Encaon Td LM AB B 155 50 I 00 S-E-BMkca 37.00 ISO SKF 157 00 7 00 SHxtvik IM 50 I SO Skandia 147 00 4 50 Volvo IW.50 2.50
        555 words
    • Article, Illustration
      Lock icon HONGKONG
      2638 11 AFP HONGKONG Shares closed 2.67 per cent higher yesterday in a robust snow of investor confidence after the US Federal Reserve cut interest rates. "Without the interest rate cut, we would not have seen such good performance and turnover," said Eugene Lo, research director at Standard Chartered Securities Ltd.
      AFP; ource: Bridge Info  -  2,638 words
    • Article, Illustration
      Lock icon CHINA
      580 11 CLSA IN Hongkong, trading of H shares was still quiet, with the index going up 3.44 points to close at 1,132.50 on a turnover of US$ll million. Northeast Electric was actively traded, as well as Shanghai Petrochemical and Yizheng Chemical. Northeast Electric recovered Thursday's loss, climbing back to its
      CLSA  -  580 words
    • Article, Illustration
      Lock icon TOKYO
      2530 11 AP, AFP TOKYO Share prices surged in heavy trading yesterday, buoyed by the Bank of Japan's decision to allow short-term interest rates to move lower. The market's benchmark index, the 225-issue Nikkei Stock Average, rose 956.19 points, or 6.27 per cent, closing the week at 16,213.08. The average has
      AP,; AFP; Source: Bridge Info  -  2,530 words
    • Article, Illustration
      Lock icon BANGKOK
      1542 11 AFP BANGKOK Thai share prices jumped 2.40 per cent yesterday after the US Federal Reserve shaved a quarter percentage point off shortterm interest rate. The SET Index rose 34.24 points to close at 1,461.81 points. Trading was very heavy, with 286.6 million shares worth 23.6 billion baht changing hands.
      AFP; Source: Bridge Info  -  1,542 words
    • Article, Illustration
      Lock icon JAKARTA
      1150 11 Reuter JAKARTA Shares prices soared to a new 1995 record high on the back of a US Fed interest rate cut and positive domestic factors, brokers said. The Composite Index rose 9.66 points to close at 509.14. "Active foreign and local players were seen in shares almost across the
      Reuter; Source: Bridge Info  -  1,150 words
    • Article
      CLOB INTERNATIONAL
      2327 12 Gr Cr iw LaX Vol Daw Last Omotc Dh YU Nd M Cap H%k Lav C ni) in) Sate (HOO) High Low Bayer SHkr O P/K Sail MALAYSIAN STOCKS 471 196 m MSB 50c 404 >22 1792 414 388 402 404 JO -2 9 0.2 414.3 127 77J
      2,327 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Finance stocks take index up after Fed rate cut
        6851 12 Reuter AFP, KUALA LUMPUR Malaysian share prices closed 1.4 per cent higher yesterday as buyers snapped up selective blue chips and finance stocks in reaction to the 0.25 percentage point cut in US Fed fund rate, brokers said. "The market reacted
        Reuter; AFP,; Source: Bridge Info  -  6,851 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8291 13 IMS Lb< V«4 Day LmQm* Dh M> YU N« Cap A»g H%k Law Sab CM*) High La* Bam Settrr Cn P/E W Mr MOUSTMAL AND COMMERCIAL 488 382 mt s Acma 50c 47« 30 554 410 45* 47» 480 22.5 5.1 2.4 I&0 6519 444 450 450 is Ale* Htdgs
        8,291 words
      • Article, Illustration
        Lock icon Prices, volume leap on Dow, Nikkei surge
        1871 14  -  By R Sivanithy SINGAPORE Prices and volume in the local stock market soared yesterday on news of an interest rate cut in the US. Reassured by an overnight rally in US stocks and bonds that sent Wall Street to its 42nd record high
        Charts by Bridge Info; Source: Bloomberg  -  1,871 words
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      Page 5 Advertisements Column 1
      540 5 NEWS VALUE Japan leads Asian markets surge sparked by US rate-cut (Pg 1) When all seemed 105t... but too early to say if the tide has turned. Tenjr Fong set for counter-bid and ups YHS stake to 24.9% (pg 1) Mr Ng seems to be saying, "Catch me if you
      540 words
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      149 6 Game over! What's next? Call Sports News on 1900-912-0012, at 30 cents a minute. m Schroders Schroder Securities (Singapore) Pte Ltd, a well established institutional stockbroking house, is expanding its presence here and is looking for SENIOR SALESPERSONS This is an opportunity for the successful candidates to work closely with
      149 words
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      8 6 BUSINKSS GIVING YOU THE WINNING EDGE JULY 1995
      8 words
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      Page 8 Advertisements Column 1
      49 8 You may have been unable to get your Business Times, Straits Tmee, Sunday Times, UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, cal Customer Services Section on 1800-749-2577. and ask lor home or office delivery service.
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      60 14 Entertainment News Kgl Linen (o sizzling tales of celebrities around the world. Be the first lo know (he latest Singapore top 10 hits, which movie lo catch ft what's hot n town. Coat: 30 cents minute Mine AaSPH AatfoTex Service To crack the safe or enter <***-. t Mrs Wizard's
      60 words
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      Page 14 Advertisements Column 2
      623 14 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 German Supplier of: Quality Sanitary Materials is seeking cooperation with local indenting Agent. Interested applicants please write to: THUMMEL, SCHUTZE PARTNERS, SINGAPORE 9 Battery Road, #16-01 Straits Trading Building, Singapore 0104 giving full resume of past performance and recent activities. THE COMPANIES ACT,
      623 words
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      Page 14 Advertisements Column 3
      476 14 Singapore Closing Shar* Pile— 07/07/ IMS CUM HW LOW MMM i 11 mn t!M O.M O.M O!M OIM SSS 111 will L—* I.M \JKI IJI iJ*I ESCSBS omit 1.10 1.04 i.i« jwam ■»■>■»»» ■wma 0.4« oa* oa» Published by Jardme Remmg International Securities Limited (Incorporated in British Virgin Island) (Currently
      476 words
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  • Executive Litestyle
    • Article, Illustration
      Short-cuts and slender hopes
      1426 15  -  More people are turning to quick weight-loss programmes and products that hold out the promise of leaner, trimmer bodies. But 'miracle' regimes can be expensive, and their benefits may not last very long, warns Corinne Kerk Corinne Kerk THE "BEFORE" picture is a sad portrait of
      1,426 words
    • STRAWS IN THE WIND
      • Article
        What a bummer
        66 15 VISITORS to Kuala Lumpur recently discovered. that the cost of going to the toilet in Lot 10, one of the city's newest shopping centres, can vary according to the kind of shopping you do. On the higher floors where the fancy designer boutiques are located, the 100
        66 words
      • Article
        8 daze
        56 15 WHEN is Tuesday not really Tuesday? When it's a Wednesday, according to TCS's programming schedules. That's when Channel 8 telecasts its Tuesday Report, which is of course, also telecast on Tuesdays. But since Tuesday Report is shown at .midnight on Wednesday, technically, it's a Thursday. Confused? Wait till
        56 words
      • Article
        Mere talk
        63 15 AN ASPIRING conservationist was delighted to receive a circular telling him how he could recycle old newspapers and thus save the earth. The only problem was that the people who sent out the circular didn't exactly practise what they preached the circular was printed on four sheets of
        63 words
    • VIEWPOINT
      • Article
        From hesitant son to leading banker
        997 16  -  There are very few real entrepreneurs around today, UOB chairman Wee Cho Yaw tells Margaret Thomas, and he does not consider himself one of them. He also talks about why he was hesitant to join his father's bank, and what can be learnt from
        997 words
      • Article, Illustration
        Lock icon Don't call me entrepreneur
        1630 16 THE RAFFLES CONVERSATICN A fortnightly series supported by Raffles Hotel HE IS ONE of Singapore's most prominent businessmen. He has, for the last 35 years, run Singapore's most aggressive local banking group, and has long played leading roles in a host of business groups and community
        Photo by Chris Loh  -  1,630 words
      • Article
        The Nantah spirit of survival
        594 16 ABIT OF the old Nantah spirit would be good for Singapore, says Wee Cho Yaw. It would stiffen spines and build a determination to succeed against all odds. "Nantah went through a lot of problems. That's why we had the Nantah spirit fight and survive,"
        594 words
    • OPINIONS
      • Article, Illustration
        Stripteasers take over the City
        814 17  -  LETTER FRCM LONDON It's summer time and hordes of sun-starved semi-nudists sizzle in the parks NEVILLE STACK The writer is a political commentator based in London. He writes regularly for BT A TRAVELLER who had stepped on to the plane at Changi and alighted in
        814 words
      • Article, Illustration
        Why are foreigners allowed to buy up scarce housing?
        320 17  -  LETTERS TO THE EDITOR Thomas Chong THE levels and direction of private property prices have been widelydiscussed topics. However, I feel that the discussion has largely ignored the issue of foreign purchases of private property. The current Residential Properties Act allows
        320 words
      • Article
        Keep annual reports detailed
        326 17  -  Yong Yew Ho I REFER to the letter "Short annual report enough for most" by Dr RC Cooper (BT, Jun 24-25). Dr Cooper suggested an abbreviated annual report be sent to shareholders in the best interest of everyone. 1 don't agree with him. The annual report
        326 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (July 10 -14)
          572 18 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, Daiwa, Fraser, G K Goh, Kay Hian James Capel, Morgan Grenfell, Nomura, Phillip, S G Warburg and Smith New Court. Buy! BZW (July 7) PCL. Gives direct exposure
          572 words
        • Article, Illustration
          In my opinion...
          287 18  -  Hugh Young Managing director Abtrust Fund Managers HE enthusiasm for I equity investment .A. in China has become notably cooler over the last few years and it is easy to understood why. Many Chinese companies, which have been listed on the Shanghai, Shenzhen, Hongkong and other international
          287 words
      • Article, Illustration
        Bull on the loose, but for how long?
        768 18  -  THE WEEK The securities industry should close ranks to make the stockmarket here viable well into the next century By Joyce Quek IN case you have not noticed, the effects of the Kuala Lumpur Stock Exchange's removal of the 50-50 sharing of
        768 words
      • Article, Illustration
        Lock icon Slide after Anwar speech should not surprise
        594 18  -  Eye on the region: Malaysia The recent KLSE rally was fairly artificial, argues Ma French, who believes the real one is yet to come Martin French, The writer is chief representative of Credit Lyonnais Securities (Malaysia) Sdn Bhd Kuala lumpur Stock Exchange (KLSE)
        Source: Bridge Info  -  594 words
      • Article, Illustration
        Lock icon Technical indicator points to bull phase ahead for KL stocks
        729 18  -  By Quah Soon Tong The writer is research head of Zalik Securities WITH Malaysian market barometer KLSE Composite Index (KLCI) expected to rise 200 to 300 points to the 1,2001,300 level, a bull phase is expected for the next six
        Source: Zail Securities  -  729 words
      • Article
        Untitled
        755 18 Launch 1 mth 3 mths 6 mths 1 yr 2 yra 3 yrs Raaklag m at Jtd 3. 1995 Singapore Straits llan IJfi (Too *53 5*2 STl 4IJ4 Credit Lyonnais Singapore Gr 28.07 69 -062 2 6.87 I 0.42 3 -2.81 5 31.21 5 124.94 I (X'BC Savers C apital
        755 words
      • Article
        The Asia markets puzzle
        1040 19  -  Stock fever will break out again but the big question, is when, says Nigel Slade Nigel Slade The writer is a director of Fund Research Ltd. London. AFTER a bruising 1994 and a painful start to 1995 with the Mexican peso crisis ricocheting around Asia, fund
        1,040 words
      • Article, Illustration
        Money talks... but listen carefully
        843 19  -  Susan Tsang gets pointers from the experts on investment in coins and banknotes Susan Tsang Been thinking of putting your money in money, have you? The good news is that rare pieces in good condition can still fetch a lot of money the June 24
        843 words
      • Article
        Banking on lower rates
        879 19  -  Timothy H Moe assesses the banking sector's relative performance in four regional markets Timothy H Moe The writer is head of regional research and regional strategist at Salomon Brothers. EXPECTATIONS of lower US interest rates and the recent relative strength of US bank stocks raise the
        879 words
      • Article
        HSBC overtakes Telecom to become region's largest listed company
        674 19  -  Paul Leo looks at the comings and goings in the quarterly rankings of Asia-rac's top 25 firms Paul Leo HONGKONG-listed HSBC Holdings overtook Singapore Telecom (ST) as the largest listed company in Asia-Pacific outside Japan at half-time this year after trailing
        674 words
    • Article, Illustration
      First steps in cyberspace
      864 20  -  WfihliMrts Thinking of getting hooked up to the Internet? Here are some tips to get you started By John Lui The writer works in computer administration at Singapore Press Holdings LIKE many today, you may have wondered if it was time you were hooked up to
      864 words
    • Article, Illustration
      Lock icon Interactive art encounters
      1021 20  -  Exhibitions By PARVATHI N NARAYAN The writer is an artist who contributed this article to Executive Lifestyle WHAT exactly is installation art? I've been to varied and various shows in an attempt to find out. For example, there was the busy multimedia cacophony of a "Fluxus" show
      Photos by Chris Loh  -  1,021 words
    • Article, Illustration
      Bland comedy with a sweet ending
      653 20  -  Cinema Review By SUSAN TSANG NO ONE can be as adorably neurotic as Meg Ryan. In French Kiss, the actress who made the compulsive appealing in When Harry Met Sally has another romantic comedy, set in la belle France, in which to parade a
      653 words
    • Article, Illustration
      Grace under pressure
      933 21  -  Why is Grace Soh a force to be reckoned with in the interior design industry? Goh Hwee Leng finds out in a new column that focuses on enterprising professionals and inspiring individuals v Goh Hwee Leng The writer is a freelance journalist who contributed this article to
      933 words
    • Article, Illustration
      Information overload
      641 21  -  By JAIME EE KEANU REEVES has got to be the luckiest actor in Hollywood. He can't act, and his diction needs work, but who cares? All a director has to do is tell him where to stand, what to say, and Reeve's cheekbones will do the rest. The
      641 words
    • SPORTS
      • Article
        Lock icon Agassi's out; Becker to meet Sampras
        555 22 Wimbledon AP, Reuter ON THE 10th anniversary of his first Wimbledon triumph, Boris Becker pulled off one of his biggest victories yesterday by beating top-seeded Andre Agassi to reach the final against Pete Sampras. Down one set and 1-4 in the second, the third-seeded
        AP,; Reuter  -  555 words
      • Article, Illustration
        Lock icon Going the Chris Evert way
        694 22  -  George Vecsey tells of Sanchez Vicario's hippety-hop into the final George Vecsey NYT WIMBLEDON She was only 16 when she first put her feet on the treacherous grass of Wimbledon. It took her three tournaments to finally win a match there. Then Arantxa Sanchez Vicario
        NYT; Reuter  -  694 words
      • Article
        Lock icon England in quick fall from grace against Windies
        531 22 AFP BIRMINGHAM England's confidence, so high after their series-levelling victory at Lord's 10 days ago, suffered a heavy blow on the first day of the third Test against West Indies at Edgbaston on Thursday. At the close, West Indies were 104 for
        AFP  -  531 words
      • SCORE CARD
        • Article, Illustration
          Baseball
          71 22 NEW YORK Major league Thursday NL: NY 4 Chicago 8; Cincinnati S SF 7; Pittsburgh S Philadelphia 10; Atlanta I LA 0; Houston S San Diego 4 (in 12); St Louis 3 Florida 2 (in 12); Colorado 9 Montreal 6. AL: Oakland 2 Milwaukee 5; Cleveland 8 Seattle 1;
          71 words
        • Article, Illustration
          Lock icon Basketball
          119 22 AP NEW YORK Don Nelson, among the winningest coaches in NBA history, was hired on Thursday to coach the New York Knicks. He signed a multi-year deal reported to be just under US$2 million (Ss2.B million) per season. The 55-year-old Nelson, the former coach of Golden State, replaces Pat
          AP  -  119 words
        • Article, Illustration
          Lock icon Boxing
          147 22 AP NEW YORK Promoter Don King ridiculed a proposed heavyweight tournament on Thursday, calling it a "warm-up" event to find an opponent for former champion Mike Tyson. "I think we all know that it's a joke," said King, who is Tyson's promoter. "Mike Tyson is the uncrowned champ, and
          AP  -  147 words
        • Article, Illustration
          Cycling
          59 22 DUNKIRK Tour de France sth stage (261-km from Fecamp) Thursday: 1 Jeroen Blijlevens (Ned) shrs 51min 46sec 2 Jan Svorada (Svk) 3 Erik Zabd (Ger) 4 Frederic Moncassin (Fra) 5 Mario Cipollini (Ita) same time. Overall standings: 1 Ivan Gotti (Ita) 22:10:52 2 Bjarne Riis (Den) Is behind 3
          59 words
        • Article, Illustration
          Lock icon Golf
          460 22 AP STOCKHOLM, Sweden Golfers are known to hit objects straying into their path and occasionally even to get hurt themselves. A Swedish golfer has managed to do both. Joacim Johnsson accidentally injured a Canadian goose with his ball on a short drive while playing this week in the central
          AP  -  460 words
        • Article, Illustration
          Lock icon Rugby
          195 22 AFP WELLINGTON The New Zealand Rugby Football Union (NZRFU) will discuss at its next meeting in August whether to cancel the All Blacks' French tour this year in light of France's decision to resume nuclear testing in the Pacific, a rugby union official said yesterday. Earlier the opposition Labour
          AFP  -  195 words
        • Article, Illustration
          Tennis
          36 22 LONDON Wimbledon championships Thursday Men's doubles semifinals: 2-Todd Woodbridge/Mark Woodforde (Aus) b 11-Mark Knowlcs (BahVDaniel Nestor (Can) 6-3 6-3 6-3; 14-Marc Goellner (Ger/Yevgeny Kafelnikov (Rus) lead Rick Leach/Scott Melville (US) 6-3 (12-14) 7-6 (7-2) 0-0.
          36 words
    • People
      • Article, Illustration
        A first in 19 years
        209 22 IT TOOK 19 years, but a woman finally won this year at the annual Business Times Anniversary Advertising Golf Tournament, held at the Tanah Merah Country Club on June 30. Tan Geak Huan of Singapore Finance became the toast of the fairways after she partnered
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    • TIME OFF
      • Article, Illustration
        A touch of techno-Gothic
        743 23  -  Inspired by underground clubs in London, The Gate aims to create a house party kind of atmosphere. Corinne Kerk checks it out Corinne Kerk NOW THAT the hip-and-happening main discotheque at Zouk in Jiak Kim Street has closed its doors, one wonders where its huge crowds
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      • Article
        PERFORMANCES
        397 23 Suddenly At Home Murder most foul? Or a fouled up murder? Glenn wants to kill Maggie for her inheritance but Remick stands in the way. Or so it seems. Today, Bpm at the Drama Centre. Tickets at $10, $12 and $15 from Sistic. Little Shop of Horrors The musical
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      • Article
        CONCERTS
        204 23 Sally Yeh in Concert They love her yeh yeh yeh! The reign- ing Queen of Cantopop pops by for an appearance. July 14 and 15, Bpm at the Singapore Indoor Stadium. Tickets $50, $80, $100, $130 and $160 from Sistic. The Piano Romantic Influences A five-day piano festival featuring
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      • Article, Illustration
        EXHIBITIONS
        579 23 Soul Crafted So you thought the television set was that old square thingy that you sat in front of every night? Philippe Stark shows you a brand new way to appreciate the goggle-box and other hi-fi appliances. Until July 9. at the Gallery, Fort Canning Centre. 10am to 7pm.
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      • Article
        TALKS/COURSES
        192 23 Theatre in China After Mao What was theatre like in China from the late '70s to 1989? Drs William Sun and Faye C Fei take a look at what happened. July 22. 2pm at the Black Box, Fort Canning Centre. Seminar on Sexuality and Health for Women Co-organised with
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      • Article
        MISCELLANEOUS
        205 23 The Singapore Food Festival A month-long celebration of food and more food. Until July 31. at various outlets. The Great Singapore Sale They didn't call this place shopper's paradise for nothing. This event celebrates that fact. July 14 to Aug 9, at various outlets. The Seductions of Vietnam A
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      • Article
        AT THE SUBSTATION
        55 23 The Garden Wal Painting Event Fancy yourself a good artist? Why not try this for size? This is your chance to do a mural to be enjoyed by all who pass through the Sub's Garden. July 8 and 9. 10am to spm. Call Daniel Wong at 337-7535
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      • Article
        TICKETING
        144 23  -  Compiled by Toh Yong Choon Sistic outlets are at Forum The Shopping Mall, Ginza Plaza, 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
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    • EPICURE
      • Article, Illustration
        Star-studded cuisine
        611 24  -  Bon Appetit By JAIME EE I DONT know much about Michelin stars, except that when a chef gets one, it means his restaurant has better business and charges higher prices, and he has a better chance of getting a guest spot on a TV cooking show. Give him
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      • Article, Illustration
        Beijing delights and Japanese abalone
        469 24  -  By SUSAN TSANG TWO promotions going on this month offer diners a chance to tuck into culinary rarities. The Taikan-En restaurant at Hotel New Otani will host its annual Beijing Food Festival. Each year, a difTerent chef is brought in, and this time, Chang Fu
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      • Article, Illustration
        Lock icon Steaks at George's
        734 24  -  By JAIME EE WALK PAST George's Steak and Ribs in Holland Village's Lorong Mam bong and you might wonder what happened to the rustic country house exterior that used to front the Casa De Goa restaurant. According to the owners of George's, Casa De Goa closed down
        Photo by Chris Loh  -  734 words
      • Article
        The verdict on '94: a good vintage with some great clarets
        758 24  -  Wine By N K YONG ASSESSMENTS of the 1994 Bordeaux vintage have filled recent pages of the wine press. Most writers were encouragingly complimentary, especially the American writers. The result is that the 1994 en primeur campaign has gone
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    • Article, Illustration
      CINEMA
      1075 26 BravehearL Mel Gibson is William Wallace, the 13th century Scottish hero who fights to get the English out of his country. Great battle sequences in a rompish mode. Yishun: 2.40; 6; 11.35. Bishan. Tiong Bahru: 12.45; 6 10. Savoy: 2; 8.30. Casper. Cutesy ghost Casper and his three uncles
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  • Page 15 Advertisements
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      69 15 CI iristuiiiDior SOU. AGENT: LAKEMKD IMPEX PTE LTD, Tel: 73-***** g mk s Mi IB BlancpaiN Since 1735 there has NEVER BEEN A QUARTZ BLANCPAIN WATCH. AND THERE NEVER WILL BE. SINGAPORE THE HOUR GLASS Takashimaya Shopping Centre Tel.: *****20 Lucky Plaza Tel.: *****62 Scotts Tel.: *****27 Peninsula Plaza Tel.:
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      35 17 ■k?i sJ9^ ICICiT. k I for a surer they price thanks to the House correction policy. When we we pass on Dollar to means you lower prices when you buy from us. GOLF I HOUSE
      35 words
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  • Page 20 Advertisements
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      27 20 ir "KIIOW y*»» what your dreams mean? Call Dreamland on 1900-912-0004, at 30 cents a minute >• 'W;"' >? •*>. r f.. For nerve-racking Ghost Stories, |J /v /v /V
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  • Page 24 Advertisements
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      100 24 oped food abaftocdstic pricey you wfl newsr run out of choices. Taiwan Porridge Order from our A-La-Carte Menu CHneeeCu&ne Setect from our Special Set Menus Curry Fbh Head Choose from our Hot Spicy Menu mm \Mictherlt?s a formal 2KT v businee© meeting or a casual socia w w l location
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      695 25 £E£Z3tz* il "u£»] ir< (ii irA T /iim»ilJ >Mi WORLD'S UWGEST SELLING BEER JE "UOigh Qlea starts at 'Xigh Qio&n Don't miss our delic iou» high Tea Buffet available from 12 liwiil Iv spju every weekend. Price; $1.1.H0 (adult) $8.80 (child) A La Carte Menu U alto available. All pern's
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      Page 25 Advertisements Column 2
      361 25 WHERE TO WINE, DINE AND ENTERTAIN DIALECT HI-TEA V Whether you're fluent in many languages or just one, you'll have no problems appreciating our new weekend Dialect Hi-Tea selections at Cafe Plaza. Savour an array of dialect delicacies and tempting desserts. If that's not enough, our Dialect Hi-Tea also includes
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      Page 25 Advertisements Column 3
      364 25 The Day You Dine At Triple 3. Be Prepared To Have A Very Light Breakfast. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 5 60 hot and cold dishes, plus tempting desserts. Call _S_ us now to make your reservations at 831 6271/2.
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  • Page 26 Miscellaneous
    • Miscellaneous
      Page 26 Miscellaneous Column 1
      2514 26 TODAY'S TV ■■rrmH HTnrnrT?a ai 6.00 HOW 1102 ,ames Bond J.H 6.30 Germany Live. 11.30 Superbey. 7.00 Connections 2 Revo- 12.00 NN Berrta Jem 12. Mengapii Matahari I, 3.50pm, Cinema Cinema Cinema, 2pm, 12.15 PM Keiab Kanak-Kanak. Ch 12 ChS 7.30 Jerita l2(M) 100 Beyond 2000. 8.00 Beyond 2000 (See
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