The Business Times, 29 July 1995
1995-07-29
1
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The Business Times
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Title Section14 1995-07-29 1 SINGAPORE Business Times MITA(P) 194/12/94 Weekend Edition, July 29-30 1995 WE KNOW ASIA 85*14 words
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Article, Illustration400 1995-07-29 1 Shiv Taneja - By Shiv Taneja SINGAPORE Outstanding debt on credit cards, which fell for the first time in two years in the first quarter of 1995, rebounded in the second quarter. The latest figures from the Monetary Authority of Singapore show credit cardSource: MAS - 400 words
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197 1995-07-29 1 SINGAPORE Negotiations over the sale of Apac Investments (Singapore) Ltd's 16.03 per cent stake in Econ International are off. Econ said yesterday that Apac, its biggest shareholder, and the unnamed prospective buyer have aborted their talks. The construction company added that negotiations197 words
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Article, Illustration698 1995-07-29 1 Abdul Hadhi - By Abdul Hadhi SINGAPORE In a move that will substantially increase future supply of industrial land, the nation's largest industrial landlord is increasing the plot ratio in its estates and plans to reclaim another 248 hectares in Jurong. Market-watchers also interpretedSource: Jardine Research - 698 words
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374 1995-07-29 1 Quak Hiang Whai - From Quak Hiang Whai A COMBINATION of unfavourable economic factors, including rising interest rates and falling asset prices, took the steam out of the new-shares market in Hongkong during the first six months of this year. According to The Securities Journal, the374 words
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Article175 1995-07-29 1 Florence Chong - From Florence Chong PACIFIC Dunlop Ltd and its advisers are expected to spend the weekend going over the tenders received for subsidiary Pacific Brands Food Group, which is on the market for AS 1.1 billion (SSl.l billion). At the close of the working day175 words
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Article167 1995-07-29 1 Stock market indices Friday Change STII 2,185.87 +23.49 KLSE Comp 1.050.67 +1.86 Nikkei 16.649.45 +24.26 Hang Seng 9.451.69 +90.36 SET Index 1.397.04 -1.74 Jakarta Comp 512.52 +1.78 Manila Comp 2,893.45 +24.35 Taipei WPI 5.297.11 +17.79 Seoul Comp 932.82 -7.93 Bombay BSE30 .3.452.88 -104.07 CLSA China B 812.76 +4.05 Aust All167 words
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359 1995-07-29 1 Reuter AP Bloomberg Business News WASHINGTON America's economic growth slowed almost to a standstill in the second quarter, turning in its weakest performance in years as companies trimmed inventories, the Commerce Department said yesterday. Gross domestic produqt expanded at a slight 0.5Reuter; AP; Bloomberg Business News - 359 words
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Article54 1995-07-29 1 Reuter NEW YORK Light profittakiag palled Wall Street stocks down yesterday, bat prices were off their lows. At 2 pa EOT, the Dow was down 1163 points at 4.720.14. At 1 pm EDT, in the broader market, declining issnes led advances 11 to 9 on wtase ofReuter - 54 words
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Page 1 Advertisements
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Advertisement7 1995-07-29 1 The gogglebox battle: el i Viewer's choice7 words
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Advertisement7 1995-07-29 1 IPO: EL 5 Freight Links has potential7 words
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Advertisement9 1995-07-29 1 Leasehold industrial properties in greater demand, Pg 2 Ill9 words
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Advertisement134 1995-07-29 1 Hock Lock Stew: pgs Hong Fok's money-spinn&W Asia's ft flfl ft Corporate Giants: el 2 UOB: No. 1 once more II I I Pribadi raises Amcol stake to 18.2% But why is the Indonesian tycoon still building up his stake when he is already in a position to take control134 words
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Advertisement9 1995-07-29 1 Ecoa takes 70% stake in construction firm, Pg 59 words
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SINGAPORE NEWS
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483 1995-07-29 2 Chuang Peck Ming - By Chuang Peck Ming SINGAPORE'S investment abroad including portfolio investment totalled $50.1 Billion at end-1993, up $7.9 illion from 1992, -says the Department of Statistics. The 18.6 per cent jump was fuelled mainly by the growth in its direct investment, the483 words
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84 1995-07-29 2 THE Urban Redevelopment Authority has relaxed guidelines for conservation projects to allow for more flexible use of buildings. The revisions affect mainly shophouse projects, which make up 96 per cent of conservation properties. The URA has also revised guidelines for terrace houses and bungalows to allow84 words
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Article77 1995-07-29 2 THE Public Utilities Board has increased gas tariffs by 0.5 cent per unit or 5 per cent for the August-October quarter. It said this increase was necessary to meet the higher cost of gas production, arising from the replacement of plant and equipment Electricity tariffs will77 words
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96 1995-07-29 2 £OjvMIATINA TRADING, based in the UK, will close its Singaore and other Asian cocoa trading operations from end-August, Business News reported yesterday, quoting industry sources. The decision to close its Asian operations was reached last week and was linked to falling supplies in Asia96 words
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272 1995-07-29 2 THE government has simplified the process of approving some renovations for landed properties in some areas in Singapore. The Urban Redevelopment Authority (URA) and the Building Control Division (BCD) said yesterday that a faster approval scheme would take off on Aug 1. They272 words
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Article1311 1995-07-29 2 AIRCRAFT ARRIVALS DEPARTURES an wmi n* mm n» taMMi 0*81 1930 QF82 2065 taw RJ187 0130 ImMM SQ25 1215 GA890 0206 KUB37 (450 KL838 2300 SQ324 2330 WW NZ21 1736 NZ22 v 1920 S0B86 2040 Ml«n BM21 1106 SQ182 0915 SQI81 1410 B422 1210 BK27 1720 BM28 1820 MZ906 11501,311 words
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318 1995-07-29 2 Chan Siew Ling - By Chan Siew Ling HOME-GROWN Koyo Aquatics Centre has begun breeding prawns at an 11-ha site it bought recently at Pasir Ris. Koyo, one of Singapore's biggest land-based fish farms, has invested more than $2 million in developing the prawn farm, which318 words
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253 1995-07-29 2 The Anti-Dumping Authority has halved the anti-dumping duty that was imposed on Malaysian steel imports to prevent "material injury to the domestic industry". The reduction comes six months after the authority slapped interim duty of $111 a tonne on reinforcement bars from253 words
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Article, Illustration429 1995-07-29 2 EMPLOYERS are ready to support their existing expatriate staff who wish to continue making tax-exempt contributions to the Central Provident Fund until Dec 31, 1998 the extended deadline for them to be taken off the CPF scheme. "As far as the429 words
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Article, Illustration299 1995-07-29 2 LEASEHOLD industrial properties are becoming more popular, says property consultant Dennis Yeo. v Speaking at a seminar yesterday titled "Industrial land in Singapore now and the future", Mr Yeo, associate director at Colliers Jardine's industrial department, said: "With prices of freehold industrial299 words
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Page 2 Miscellaneous
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Miscellaneous382 1995-07-29 2 HVt,* CmL Eanaa VU> CemL BumUM 19/04 Shawn MM 10/06 Ooudr Ullladaii 23/18 CJcud* CMcagD T&PCI r Bw|dl 34/25 Show* Mhrn 36/26 HoncttJ 27£4 £55 Bem 32/17 T~ storm Bain 24/14 Cfc"* Houalon 27/38 Oajftr gS!SL 29/34 Mn Bom 26/17 Oouch l»Mpi 27/27 Am/ ZTJZT rin*. 9an 24/16 Ooudr u»Ar»*ea382 words
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THE REGION
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Article, Illustration43 1995-07-29 3 AFP HONGKONG A flotilla of cargo barges and tugboats staging a slow-sail protest in Victoria Harbour yesterday against fee increases for government berths. The demonstration, which took place from Western to Wanchai district, disrupted water traffic for boars. AFPAFP - 43 words
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503 1995-07-29 3 Anthony Rowley - Fran Anthony Rowley in TOKYO JAPAN'S Ministry of Finance (MOF) is not renowned for its openness and its highly unusual decision to brief foreign bankers on Thursday was not so much a disclosure as a plea to them not to cut their international inter-bank503 words
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410 1995-07-29 3 Fall in real estate projects, tighter credit policy among factors cited AFP BEIJING China said yesterday contracted foreign investment plunged nearly 30 per cent in the first half of 1995 over the same period last year as real estate projects decreased and domestic fundsAFP - 410 words
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309 1995-07-29 3 AFP BEIJING China will face widespread power shortages in the second half of this year, with some industries forced to sacrifice their electricity supply for the agricultural sector, a minister warned yesterday. Electricity output in the first six months totalled 469 billion kilowattAFP - 309 words
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167 1995-07-29 3 SYDNEY Qantas Airways Ltd said it would raise Cues for business class and first class ptisfiigfrs on its mates from Australia to Europe by between 3 and 7 per cent, beginning Tuesday, Bloomberg Business News reported yesterday. Australia's flag carrier, which Is due to make its167 words
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Article, Illustration438 1995-07-29 3 Yang Razali Kassim - VIEW FROM BRUNEI By Yang Razali Kassim LEADERS of South-east Asia's non-communist countries stood in salute as the red communist flag of Vietnam was hoisted here yesterday. It was an extraordinary sight. Minutes before, six Asean foreign ministers and their Vietnamese counterpart Nguyen438 words
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273 1995-07-29 3 Bloomberg Business News HONGKONG Lawmakers have approved plans to create Hongkong's first public pension programme in a move that may channel billions of dollars a year into the territory's stock market. After an eight-hour debate and several attempts to shelve the issue, the LegislativeBloomberg Business News - 273 words
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80 1995-07-29 3 AFP MANILA The Philippines 1 gross international reserves (GIR) hit a record high of US$B.3 billion (Ssl I.S billion), Central Bank governor Gabriel Singson said here yesterday. The figure, posted on Wednesday, is equivalent to more than three months worth~of exports and is significantly higherAFP - 80 words
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78 1995-07-29 3 AP TAIPEI Taiwan and Vietnam have agreed to grant each other preferential trade treatment, called most-favoured nation status, a Taiwan newspaper said yesterday. The United Daily News said Taiwan Economics Minister Chiang Pin-kung agreed with Vietnamese officials on Thursday to grant each other low-tariff benefitsAP - 78 words
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Article, Illustration47 1995-07-29 3 Reuter DAMNAK, Cambodia Abort 2,000 skdetav, p«t of a k**-for gotta Khmer Rnp legacy, lyiag ia aa abandoned school hnae 25 km from hoc yesterday. Geaodde iuuiih» saapecl the execatioa ftro—d coald be aae of the biggest h the rr—tij. ReatesReuter - 47 words
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82 1995-07-29 3 Reuter BEIJING China appeared to tone down its onslaught on Taiwan President Lee Teng-hui yesterday, a move that could keep Beijing's doors open to normalising fraught relations. Referring to preventing Taiwan from abandoning reunification with China and declaring independence, the official Xinhua news agency saidReuter - 82 words
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79 1995-07-29 3 Reuter MED AN, Indonesia Amosi Tebumbanua, 33, the last of up to 80 workers and labour activists jailed after last year's unrest in this Sumatran town, will be released today, friends and members of his underground trade union said. They said the beadReuter - 79 words
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Page 3 Advertisements
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Advertisement835 1995-07-29 3 TOLL-PREETEL. No. 1-800-7**l-1833 PAX:74t-1298 BERGER I Berger International Limited (Incorporated in toe RepubAc at Singapore) ANNOUNCEMENT The Dinctan of BngorMamaAonal UnAad an ptoaaed to announce toe taaoaringunauctoadinlßrimmo*! of toe Company and of toe Graf tar toe ata mortoa ondad 30 Jute 1996. TJBQRCWP STOOO Sfoo9 (1) TURNOVER (a) Tianomr 33,488835 words
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REGION/WORLD
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521 1995-07-29 4 Bloomberg Business News AFP Reuter TOKYO A slew of economic numbers released yesterday stoked concern that Japan's economy is slipping into another recession. The unemployment rate in June tied the record high 3.2 per cent set two months ago, and industrial production fellBloomberg Business News; AFP; Reuter - 521 words
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95 1995-07-29 4 AP GENEVA Members of the World Trade Organisation on yesterday formally sealed an interim deal on liberalising trade in financial services, WTO spokesman David Woods said. The agreement was adopted by about 90 countries but not by the US which withdrew from the talksAP - 95 words
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Article95 1995-07-29 4 AFP TOKYO Japan's Finance Minister Masayoshi Takemura told New Party Sakigake leaders yesterday that he wanted more time to consider whether he should withdraw his resignation as party leader, a party official said. "I would like time to think it over if possible," the official quotedAFP - 95 words
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Article79 1995-07-29 4 Reuter LONDON Britain's ruling Conservative Party suffered a humiliating defeat at the polls yesterday, finishing third in a by-election which cut Prime Minister John Major's majority in the 651-seat parliament to just nine. Liberal Democrat candidate Chris Davies took the seat of Littleborough and Saddleworth in northern EnglandReuter - 79 words
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Article69 1995-07-29 4 AFP NEW DELHI India on yesterday approved 30 foreign investment projects worth more than US$lO9 million (*****.5 million), including a subsidiary of GE Silicones as well as a joint venture involving US West, the government said. The proposals, cleared at a meeting chaired by FinanceAFP - 69 words
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Article70 1995-07-29 4 Bloomberg Business News WASHINGTON The US deficit for the current fiscal year will be about US$l6O billion, according to a new projection from the White House Office of Management and Budget. That is about US$3O billion less than the administration's U*****.5 billion deficit forecast made lastBloomberg Business News - 70 words
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262 1995-07-29 4 AP WASHINGTON Media baron Rupert Murdoch sealed his victory yesterday in a twoyear battle to hang on to his Fox television network. Federal regulators issued a ruling permitting him to keep the company intact. The Federal Communications Commission ruled that MrAP - 262 words
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Article, Illustration349 1995-07-29 4 K P Nayar - From K P Nayar in NEW DELHI INDIA will seek Malaysia's help in setting up a highways authority, a move that will give Malaysian companies an edge in the vast infrastructure market opening up in the subcontinent. The two countries349 words
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268 1995-07-29 4 Bloomberg Business News PARIS Salomon Brothers International Ltd and Swiss Bank Corp yesterday confirmed they are the subject of an investigation surrounding alleged insider trading of Eurotunnel's stock. On Wednesday, the French stock market regulator said its investigations into Eurotunnel's stockBloomberg Business News - 268 words
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SHIPS IN PORT
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Article430 1995-07-29 4 Vaaaal Hi Bar* Arrtwl Dapahart j Port (BT) Umt 3/95 J1 *mpde 29.07/1330 (BT) lestan J1 aloacsadc 29.07/2200 (BT) S14-5345 J1 alongade 29.07/1900 Batan Bahapa J1 ata*ade 29.07/2300 Baton Mum 07/06/95 12 ««ade 29.07/2300 ET OHstore XW/B J18/19 alongade 29.07/0600 Handah J4/5 alongade 29.07/0800 Rondo J1 alongside430 words
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Article1560 1995-07-29 4 RECEIVING OF EXPORT FCL CONTAINERS AND Id CARGO Imrt Mb SMp *1 m Ot/Wk tmM Ft— T> Fw Aa Uy OKA 29/1600 U 28/1500 28/1659 21/1900 IB 28/1500 28/1659 28/1900 N W*» C127W 31/1430 1A 28/1500 28/1659 28/1900 IB 28/1500 28/1659 28/1900 2A 28/1700 29/0659 29/0900 3 29/07001,560 words
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COMPANIES & MARKETS
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422 1995-07-29 5 Jenny Lam - By Jenny Lam SINGAPORE DBS Land has set up Premier Health Holdings, a wholly-owned investment holding subsidiary for its healthcare business. This is part of the group's plan to develop and manage a chain of tertiary hospitals in the region including422 words
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371 1995-07-29 5 David Mok - By David Mok SINGAPORE Semiconductor services company Sunright Ltd is embarking on an aggressive expansion path to ensure growth over the next two to three years. To boost its chip testing capacity, the company recently invested $6 million to install three testing371 words
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Article, Illustration286 1995-07-29 5 Michelle Low - By Michelle Low SINAGPORE True to its recent form, Van Der Horst has bagged US$9l million (S$ 127 million) in contracts to build a fuel container satellite depot and auxiliary facilities in Surabaya, Indonesia. This announcement comes just two weeks286 words
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Article, Illustration186 1995-07-29 5 SINGAPORE Sesdaq-listed Compact Metal Industries said yesterday its shares would soon be upgraded to the main board. It said the Stock Exchange of Singapore had granted inprinciple approval for the transfer of its entire paid-up capital of 198.13 million sharesSource: Bloomberg - 186 words
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678 1995-07-29 5 Abdul Hadhi - HOCK LOCK SIEW By Abdul Hadhi SINGAPORE Medium-sized property counter Hong Fok Corp has had a good run recently. Its shares have moved up from around $1.90 to about $2.40 before easing slightly on fairly good volume, all within the space678 words
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392 1995-07-29 5 William Chia - By William Chia SINGAPORE Indonesian businessman Henry Pribadi has once again increased his stake in trading and property company Amcol Holdings this time by 2.55 per cent to 18.23 per cent. Mr Pribadi, who is currently Amcol's largest shareholder, announced392 words
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271 1995-07-29 5 Lee Wai Leong - By Lee Wai Leong SPECIALIST engineering group Econ International, whose shares and warrants have seen active trading in the last few days, has acquired a local construction contractor for $2.45 million. The company said yesterday that it had bought a 70271 words
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182 1995-07-29 5 SINGAPORE Singapore Technologies said yesterday its president Quek Poh Huat would leave on Sep I to join Temasek Holdings. Singapore Technologies (ST) is the holding company of a number of companies, such as Singapore Technologies Aerospace. It said Mr Quek would relinquish all his directorships182 words
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EYE on your STOCKS
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Article18 1995-07-29 5 For next week's expected market sentiment, see BTs Sentiment Index on EL4 (Personal Finance Investment section)18 words
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Article, Illustration71 1995-07-29 5 Shiv Taneja - By Shiv Taneja Sell San Teh at $1.20. Although weekly RSI indicates a few more cents on the upside, weekly RSI and Stochastics is considerably overbought. A retracement seems likely, but the stock will find strong support at about 90 cents. By NOTE: We strive to give you71 words
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251 1995-07-29 5 SINGAPORE Overseas Union Securities yesterday reported a 23 per cent drop in group net profit for the six months to June 30. Net earnings fell to $2.% million, from $3.87 million in the first half of 1994. Earnings per share251 words
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COMPANIES
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COMPANY BRIEFS
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60 1995-07-29 6 SINGAPORE Construction of the 10-storey Petrovictnam Towers in Vung Tau City, Vietnam, has begun. The ground-breaking ceremony for the building, a US$23 million (SS32 million) project by Petro Tower Ltd, was held on Wednesday. The company is a joint venture between Far p3<tt Levingston Shipbuilding,60 words
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Article45 1995-07-29 6 SINGAPORE Seksun Precision Engineering and Goldtron said in separate statements to the Stock Exchange of Singapore yesterday they were not aware of any information that was likely to have a significant effect on the price or turnover of their shares.45 words
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41 1995-07-29 6 SINGAPORE First Capital Corp said yesterday that 11 apartments in its Tanglin Regency condominium project about 5 per cent of the total number of units had been bought by its employees under a discount scheme.41 words
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Article36 1995-07-29 6 SINGAPORE Inchcape said yesterday David John would step down as chairman of its board at the end of the year. It said an announcement about his successor would be made later.36 words
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67 1995-07-29 6 Reuter JAKARTA Indonesia's state-owned pawnbroker Perum Pegadaian, which expects to lend 1.3 trillion rupiah (SsBll million) to 4.5 million customers in 1995, plans to sell 100 billion rupiah worth of shares in 1996. "We are still waiting for the green light from the government, butReuter - 67 words
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Article43 1995-07-29 6 AFP TOKYO Japan's Nissho Iwai Corp said yesterday it would take part in a joint venture with Malaysia's state-run oil company Petronas and other firms to start liquefied petroleum gas distribution in China by autumn next year.AFP - 43 words
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87 1995-07-29 6 AFP TOKYO The Yaohan International group of companies in Hongkong plans to hire 100 female university graduates as candidates for overseas executive positions. The Japanese retailer said yesterday the women earmarked for positions in Hong Kong, China, Malaysia and Thailand would be takenAFP - 87 words
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63 1995-07-29 6 Bloomberg Business News HONGKONG Miramar Hotel Investment Co, which owns hotels and property in Hongkong, China, the US and Canada, said net profit fell 19.54 per cent in the year to March. Profit after tax and minority interests was HK556.77 million (S$ 10.23 million), comparedBloomberg Business News - 63 words
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Article640 1995-07-29 6 Payment Ex Books Pay date close date Alex Hides 50* b 6 Sep 6 Sep 12 Sep 26 Amcol 25* F 20 Aug 8 Aug 14 Aug 30 Avimo 20* I 6.25TE Aug 21 Aug 25 Sep 19 B Sembawang b 35o Aug 4 Aug 10 Aug 22 Chevalier 20*640 words
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344 1995-07-29 6 Al Labita - From Al Labita in MANILA SHARES in investment firm Mabuhay Holdings have surged in the past week on the Philippine bourse on expectations of control passing to Malaysia's Mulpha International Bhd. Mabuhay's share price has jumped 50 per cent to 2.16344 words
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Article, Illustration516 1995-07-29 6 Stanley Ho may bring one of his floating restaurants to Langkawi Bernama LANGKAWI Macau casino magnate and property developer Stanley Ho intends to expand his business interests in Malaysia, it was announced here yesterday. For a start, he may bring one of hisBernama - 516 words
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179 1995-07-29 6 MANILA Profit of San Miguel Corp (SMC), Asean's largest food and beverage conglomerate, jumped 13 per cent to 2.6 billion pesos (S$ 141.4 million) in this year's first half. In a report on Thursday to the Philippine Stock Exchange, SMC said the179 words
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277 1995-07-29 6 Bernama LANGKAWI Pacific Century Regional Development Ltd, the Singapore public-listed company majority owned by tycoon Richard Li, will invest US$l6O million (*****.4 million) in two property development projects in Kuala Lumpur. Mr Li said here this would be the maiden venture forBernama - 277 words
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277 1995-07-29 6 S N Vasuki - By S N Vasuki SINGAPORE MOODY'S Investors Service has assigned an Al rating for the foreign currency note and debenture issues of Telekom Malaysia Bhd. The agency said the ratings reflected its expectations that the company would remain the main provider of telecommunication services277 words
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228 1995-07-29 6 Bloomberg Business News BOMBAY Indian stocks fell sharply because of disappointment over the market regulator's decision to bring back forward trading in a form that few brokers believe is practical. The Securities and Exchange Board of India (SEBI) announced on Thursday it wasBloomberg Business News - 228 words
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328 1995-07-29 6 Ho Kay Tat - From Ho Kay Tat in LANGKAWI MALAYSIA'S national car company Proton yesterday quashed market talk that it would appoint a second distributor following persistent public complaints against Edaran Otomobil Nasional Bhd (EON). Proton managing director Nadzmi Mohd Salleh said it would not do328 words
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186 1995-07-29 6 SINGAPORE OCBC Bank yesterday officially opened its branch in Tianjin. The branch is the bank's third in China. The others are in Xiamen and Shanghai. OCBC Bank also has a joint venture leasing company in Wuhan. At the opAing ceremony, OCBC Bank chairman186 words
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243 1995-07-29 6 Bloomberg Business News SHENZHEN Shares in Shenzhen Chiwan Petroleum Supply Base Co, whose IPO attracted sizable participation from Singapore, rose 4.6 per cent to HK52.95 on their debut. Few holders of the stock were willing to sell off their piece ofBloomberg Business News - 243 words
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Article519 1995-07-29 6 lUM us Gr Fund 1.09 1.13* SEL"** T5 U«t And Mgt U* The Savings Fund 1.55 1.64 Unifund .45 51 Spore Prog Fund 0.63 0.67 Unibond+ .05 .M S pore Sec Fund 0.99 1.05 United Gr Fund! 1.63 1.70 S"pore Invest Fund 1.10 1.17 United Am Fund 1.64 .7» S519 words
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437 1995-07-29 7 Reuter TOKYO As central banks around the world take a break from their recent spate of interest rate cuts, Japanese investors have begun turning their eyes towards stock markets again, a survey of Japanese institutions found. "From a global viewpoint, there hasReuter - 437 words
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137 1995-07-29 7 AFP TOKYO Japanese trading house Marubeni Corp said yesterday it would take part in an international gas pipeline project estimated to be worth US$3O billion (Ss42 billion) linking central Asia with Europe, India and China. The project to build the 15,000 km pipeline isAFP - 137 words
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352 1995-07-29 7 Reuter PALO ALTO, California 3Com Corp, a maker of components for computer networks, said on TTiursday it plans to acquire Chipcom Corp, which makes network switching systems, in a stock deal worth US$775 million (SS 1.077 billion). Company officials and analysts saidReuter - 352 words
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FINANCE & COMMODITIES
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485 1995-07-29 8 Washington Post WASHINGTON Federal banking regulators announced two sets of guidelines on Thursday for evaluating trading by banks in futures contracts and exposure to risk in emerging markets, a response to the failure of Barings pic and the volatility of developingWashington Post - 485 words
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208 1995-07-29 8 Reuter WASHINGTON The Securities and Exchange Commission on Thursday proposed rule changes that would make it easier for mutual funds to invest overseas. The regulatory agency proposed amending rules on how fund assets outside the United States are held toReuter - 208 words
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213 1995-07-29 8 AFP JAKARTA The Indonesian government will form a team to investigate possible unfair distribution of crude palm oil as many cooking oil producers suffer shortages, an official was quoted on Tuesday as saying. "1 don't know where the CPO (crude palm oil)AFP - 213 words
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405 1995-07-29 8 Pre-tax profit of £735 m well below forecasts Reuter LONDON Lloyds Bank surprised the market by making a general provision against bad and doubtful debts of £120 million (*****.6 million) when it announced its interim figures. Pre-tax profit was £735 million,Reuter - 405 words
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Article, Illustration373 1995-07-29 8 DBS Bank weekly currency review US$/DM: The USS continues to trade in a range, recovering from a low of 1.3720 on July 19 to 1.3960 on Wednesday. Sellers then emerged to pull the unit down to a low of 1.3790373 words
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356 1995-07-29 8 Bloomberg Business News FRANKFURT Commerzbank AG said yesterday that operating profit jumped 106 per cent in the first half amid a strong recovery in trading income. Operating profit, which is before tax but including risk provisions and trading income, more than doubled in the firstBloomberg Business News - 356 words
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Article340 1995-07-29 8 Bloomberg Business News LONDON World oil prices were little moved yesterday as markets consolidated gains made earlier in the week. September London futures for benchmark North Sea Brent blend were up one cent at U5516.12 a barrel. Traders said US demand for transatlantic crude imports remainedBloomberg Business News - 340 words
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Article206 1995-07-29 8 Reuter LONDON The US dollar ended lower against the mark in Europe as US bonds weakened following the release of second-quarter US gross domestic product data and after a rash of cross-currency plays throughout the session. US GDP grew 0.5 per cent over the past three months, compared withReuter - 206 words
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Article91 1995-07-29 8 AFP NEW YORK The US dollar was mixed against other major currencies yesterday after the publication of figures showing growth in line with forecasts and data showing inflation was moderate. At 10:20 am (1420 GMT), the US dollar was at 1.3832 German marks from 1.3835 on Thursday. AgainstAFP - 91 words
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Article, Illustration1147 1995-07-29 8 Trade-*etglued index cakuiamd again*! S'porr s tap 14 trading partners Base year I9BS US$/S$ forward rates Noon Jul 28 SS Mri Ofcr 1-month 1.3916 1.3931 2 month I.3MS I 3403 3-monlh I 3858 1.3173 6-month IJ779 1.3799 Source: OCBC FOREIGN CURRENCY NOTE RATES As at fan «M21: Singapore dollars to1,147 words
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COMMODITIES & FUTURES
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1347 1995-07-29 9 Reuter SINGAPORE Simex Euroyen contracts made their steady track upwards on anticipation that Japan's sluggish economy would induce the Bank of Japan to cut interest rates. However the volume done on Euroyen contracts was not sufficient to justify an immediate bull market, dealers said.Reuter - 1,347 words
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Article661 1995-07-29 9 COMMODITY REPORTS Gold Hongkong: Gold recovered slightly from New York's sharply lower finish in narrow trading yesterday. "Trading was very quiet today and volume was tiny. The price stayed within a 50 cent range," said a dealer at a major bank. "Asian buying661 words
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62 1995-07-29 9 LONDON The International Cocoa Organisation has forecast a deficit of 170,000 tonnes for the 1994-95 (Oct-*ep) season, which it savs would be the fourth consecutive deficit year of production. The ICCO revised its 1993-94 deficit estimate to 56,000 tonnes, from an earlier estimate of 30,00062 words
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67 1995-07-29 9 SYDNEY The spot market price for cadmium has fallen by 13.5 per cent to 173 rupees per kg since Thursday, dealers in India say. The decline in the 99.95 per cent grade material has also affected the forward August price, which is 180 rupees67 words
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Article62 1995-07-29 9 TOKYO Japan's consumption of refined lead in storage batteries rose 8.5 per cent to 23,075 tonnes in June from a year before, according to government Figures released yesterday. It is also up 20.2 per cent from May. Storage batteries sold in June contained 20,23962 words
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62 1995-07-29 9 TOKYO Thursday's announced stoppage of ore smelting at the Mikkaichi zinc smelter by Japan's Nippon Mining and Metals Corp is unlikely to be followed by production cutbacks at other Japanese plants, company officials and industry sources said yesterday. Nippon will halt smelting operations using zinc62 words
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Article48 1995-07-29 9 NEW DELHI India is set to grow bumper crops in the 1995-% (July-Jun) season, mainly because late, but heavy, monsoon rain has drenched farmlands over the past two weeks. The rains since mid-July have washed away initial government fears of a poor agricultural season.48 words
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Article1360 1995-07-29 9 SICOM Futures Jul 28 ■>< 1 I KUOO€f rWyHCII V I Ml ((■tares dwfcg M at S.30pa) IiBim MSI CMtract (S ccnts/kg) As at 12 mm (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest RSS 2 Aug 95 176.00 I 77.00N I I TTslo 3751,360 words
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REGIONAL STOCK MARKETS
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Article794 1995-07-29 10 +0.6 SHARE prices crept less than 0.1 per cent higher yesterday after a lacklustre but heavy day's trade featuring strong buying of small bank stocks. 'The market has been fairly flat but there has been quite good interest in the smaller banks," said a broker. The All Ordinaries Index794 words
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Article543 1995-07-29 10 +24.35 Bargain-hunting in second-line issues and slow accumulation of selected index heavyweights pushed Manila share prices higher at the close, brokers said. The PSE Composite Index trudged 24.35 points higher to close at its intra-day high of 2,893.45 points with 3.141 billion shares worth 1.599 billion pesos traded. Leading543 words
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Article527 1995-07-29 10 +17.79 Taiwan share prices finished higher, but profit-taking in some industrials emerged after Thursday's 5.55 per cent surge, and brokers said the market would consolidate in the near term. The Weighted Price Index closed 17.79 points or 0.34 per cent up at 5,297.11. Turnover was an active NT541.76 billion.527 words
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Article450 1995-07-29 10 -7.93 South Korean stock prices remained in the doldrums to close 0.8 per cent lower yesterday, amid lingering market jitters, brokers said. "Amid overall weakness, investors steadily rode on the sidelines before the traditional August holiday month," said a broker, adding that the consolidation was expected to last for450 words
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Article295 1995-07-29 10 +3.65 The share market clawed into positive territory by the close after a day spent waivering between negative and positive. Volume remained light at N2328.1 million and investors seemed determined to ignore both the good and bad news. Wall Street's 25-point gain had no effect while a further295 words
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Article92 1995-07-29 10 -104.07 Indian share prices slumped yesterday after market regulators dashed hopes of a bull run by proposing a new forward trading system that brokers said was unworkable because it was too restrictive. The Bombay Stock Exchange 30-share Index closed 104.07 points or 2.93 per cent down at a provisional92 words
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WORLD STOCK MARKETS
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Article767 1995-07-29 10 +10.6 BRITISH blue chip share prices closed higher but dented by a weaker Dow, easier US Treasury bonds, and a softer trend in FTSE futures. Dealers and analysts see the likelihood of further gains in the short term and expect the Dow will remain a major prop. The FTSE-100767 words
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Article97 1995-07-29 10 -15.10 French shares finished lower, pressured by a retreat in Wall Street stocks and US bond prices, dealers said. The CAC-40 Index closed down 15.10, or 0.78 per cent, at 1,932.78. Of the CAC-40 stocks, 12 closed higher, 26 lower and two unchanged. Paris Jri» Fr Ajr-Uqwde 7910 iuk.il97 words
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Article181 1995-07-29 10 -21.45 German shares extended losses in late trading, as sales accelerated after release of stronger than expected US GDP data which unleashed worries the number would prevent the Fed from easing again in the near term. Market was also weak as banking shares fared poorly, despite Commerzbank's strong results.181 words
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Article245 1995-07-29 10 •1.76 Dutch shares closed marginally down in thin trade, taking their cue from Wall Street as the Dow Jones slipped early in the session. The day's business was again dominated by Philips which ended the Amsterdam session off 1.10 guilders at 77.30 after easing 50 US cents to U5549.75245 words
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Article124 1995-07-29 10 -0.35 pc Sweden's benchmark OMX Index, a proxy for exporters to the US, pared its daily loss after the US GDP data, closing down 0.35 per cent. Swedish exporters such as household appliance maker Electrolux, telecommunications company Ericsson and drug manufacturer Astra make a large portion of their money124 words
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Article184 1995-07-29 10 -2.51 Belgian shares followed Wall Street's downward drift to end slightly lower in a session dominated by spectacular gains by chemical share UCB. The Bel-20 Index of leading shares closed 2.51 points, or 0.17 per cent lower, at 1,472.05. About 1.49 billion francs worth of shares changed hands. UCB184 words
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Article321 1995-07-29 10 +8.4 Swiss shares ended higher but prices fell back in late trade on some pressure from share futures trading and from a weaker US dollar. Dealers said the market should start quiet next week because Tuesday is the Swiss national holiday. The second half of next week should see321 words
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Article135 1995-07-29 10 •23 The main Milan stock index touched a two-month high this week, though yesterday's decline left analysts di- vided on next week's outlook. The Mibtel Index closed 23 lower at 10,202 yesterday. That still leaves the index with a gain of 9S for the week, having touched 10,267 on135 words
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Article195 1995-07-29 10 -1.76 Stocks eased in line with New York and the TSE-300 Composite Index was down 1.76 points 4,599.30 in early trading. On Thursday the TSE-300 eased 0.85 points to 4,601.06 on volume of 55.28 million shares valued at C 5717.65 million. Toronto jal 27 5 AlcanAlun. «V» V* Bank195 words
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Article645 1995-07-29 10 -13.39 Stock prices turned moderately lower in active trading early yesterday after bonds weakened despite an on-tar-get report on the nation's economic growth in the second quarter. The Dow Jones Industrial Average, which rebounded 25.71 points on Thursday, was down 13.39 points to 4,719.38 at 11 am EDT.645 words
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Article502 1995-07-29 10 Vienna Jai 28 Aacti ATX I 1043 «0 515 Rank AiMni AG 47J J rcdiUwaa* S69 I EVN 1171 2 Fludufcfl M7 10 Lcaiing »I0 S I rvLam 426 I MacvtmHUVZ 410 21 OMV AG t~ 1050 4 RadK-HcnUMi J7I I VA Tcctmatatie 1204 -I VcrtwndACiK 722 -4 WnmrtKH MIS502 words
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Article329 1995-07-29 10 -17.2 South African shares finished mostly easier yesterday as a sharply weaker gold price and firmer rand undermined prices in slow trade, dealers said. They said buyers had faded in industrials amid concern ahead of the weekend and as the Dow posted early losses in New York. Shares had329 words
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Article, Illustration2476 1995-07-29 11 HONGKONG Stocks finished firmer on selective buying encouraged by overseas rallies and derivatives-linked trading ahead of July futures clearing yesterday, brokers said. The Hang Seng Index ended 90.36 points or 0.97 Der cent up at 9,451.69, a touch below the day's high of 9,466.06. Turnover was HKS3.BS billion againstSource: Bridge Info - 2,476 words
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Article, Illustration524 1995-07-29 11 CLSA IN Hongkong, H shares ended up 0.3 per cent on turnover of US$l4.3 million. The CLSA Hongkong H Index closed at 1,174.00, up 3.47 points. Yizheng saw the most active trading, edging up 1.9 per cent, while Shanghai Petrochemical slipped 1 per cent. In Shanghai, B shares gainedCLSA - 524 words
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Article, Illustration2503 1995-07-29 11 Bloomberg Business News TOKYO Stocks shrugged off early losses yesterday and rose for the third day as foreign investors bid up telecoms and hightech shares on expectations that global demand will give a boost to their profits. "All the numbers seem to suggest that things are still strong inBloomberg Business News; Source: Bridge Info - 2,503 words
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Article, Illustration1402 1995-07-29 11 Reuter BANGKOK Thai stocks Finished marginally lower yesterday after a day of quiet activity in the absence of trading incentives. "Investors just took it easy today, despite a steady decline in local short-term interest rates. Property issues become attractive buys while finance and bank counters pale by comparison," aReuter; Source: Bridge Info - 1,402 words
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Article, Illustration1138 1995-07-29 11 Reuter JAKARTA Share prices ended the day slightly higher in moderate volume yesterday, with players focused on second-liners and some liquid stocks. The Jakarta Composite Index rose 1.78 points, or 0.35 per cent, to close at 512.52. "Players' focus was seen shifting from the newly-listed Mustika Ratu to second-linersReuter; Source: Bridge Info - 1,138 words
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Article2014 1995-07-29 12 Gr Gr IMS Lam Vai On Lai Oak W» Dt* YM Nt« MG» tUgfc Lmm I I S* CM» Hfcd Lar Bay* s3a Cw PI tai MALAYSIAN STOCKS 47* 1% ABB SOc 430 >12 IMS 4M 422 421 430 3 0 -2.9 0 2 44IO 127 77.J a2,014 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6277 1995-07-29 12 Reuter AFP KUALA LUMPUR Second-line stocks continued to dominate trading as share prices managed to stay firm until the close despite lack of follow through buying, brokers said. "Buying has been limited lately although the undertone remains steady," said a bank-based brokerage trader.Reuter; AFP; Source: Bridge Info - 6,277 words
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STOCK EXCHANGE OF SINGAPORE
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Article8105 1995-07-29 13 IMS Lad V«l Dap La* Qarta W. Mr W NJ Cata man Lot C i I«H1 Sale 4-A- CM) HI* Lea Bayer S*t Cm H* WNi MDUSTMM. AND COMMEKML 4M ill Acn SOt 410 +4 IIS 410 444 444 4N 215 UW U 447.4 457 430 430 It Ala HUM8,105 words
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Article, Illustration1815 1995-07-29 14 R Sivanithy - By R Sivanithy SINGAPORE Last-minute window-dressing of the Straits Times Industrials Index and rotational interest in a handful of second liners provided the main features in an otherwise quiet day on the local stock market yesterday. The STII recorded a 23.49point rise to 2,185.87, afterCharts by Bridge Info; Source: Bloomberg - 1,815 words
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SEAS Trends
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Article, Illustration1110 1995-07-29 15 Brian Bridges - Hongkong's run-up to 1997 As Hongkongers contemplate the future, many foreigners are queuing up to take up employment in the colony. Brian Bridges analyses the issue Brian Bridges Dr Brian Bridges is a Senior Lecturer with the Department of Socila Sciences. IN mid-June, one of Hongkong's1,110 words
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Article, Illustration1056 1995-07-29 15 Jermain T M Lam - What lies ahead for political institutions in Hongkong after it reverts to Chinese rule? Jermain T M Lam provides some answers Jermain T M Lam Dr Jermain T M Lam is an Associate Professor at the Department of PuNic and Social Administration, City University of Hongkong. UNLIKE the1,056 words
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Article, Illustration915 1995-07-29 15 Man-lui Lau - It is only its distinctiveness which will make Hongkong of continued utility to China, says Man-lui Lau Man-lui Lau Professor Man-liu Lau, a former resident of Hongkong, is with the Department of Economics, University of San Francisco, California. IT is widely accepted that Hongkong has played and915 words
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Article, Illustration1085 1995-07-29 16 Yeap Soon Beng - The Asian mass media is breaking out of its "culture of silence" in a contest with its Western counterpart. Yeap Soon Beng analyses the issue Yeap Soon Beng Dr Yeap Soon Beng is Sub-Dean with the School of Communications Studies, Nanyang Technological University. Singapore. AFTER decades1,085 words
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Article, Illustration778 1995-07-29 16 Arvind Kala - Arvind Kala focuses on the factors that have kept India a single entity while the Soviet Union and Yugoslavia fell apart Arvind Kala %Arvind Kala is with the New Delhi-based organisation Asian Scan. NEXT month, India celebrates its 48th year of independence from British778 words
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Article, Illustration1162 1995-07-29 16 Chandrah Jeshurun - Book Review By Chandrah Jeshurun Dr Chandran Jeshurun is a Visiting Fellow ai the Institute of Southeast Asian Studies. IT used to be said that the writing of biographies was not compatible with Asian cultural norms because it would inevitably involve naming individuals and1,162 words
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Article, Illustration889 1995-07-29 17 Tanet Charoenmuang - Tanet Charoenmuang throws light on some aspects of electioneering in Thailand from the country's recent general elections Tanet Charoenmuang Dr Tanet Charoenmuang is with the Department of Political Science, Chiang Mai University, Thailand. FOR almost the whole month of June, Thailand was preoccupied with889 words
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Article, Illustration761 1995-07-29 17 Nick Freeman - Nick Freeman explores the potential of a Vietnamese island, the size of Singapore, transforming itself from a sleepy backwater to a centre of commerce Nick Freeman Dr Mick Freeman is a Research Fellow at the Institute of Southeast Asian Studies. PHU Quoc is an761 words
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Article, Illustration1023 1995-07-29 17 Sorpong Peou - Despite some commendable socio-economic progress, Cambodia's political future remains grim, argues Sorpong Peou Sorpong Peou Dr Sorpong Peou is a Research Fellow at the Institute of Southeast Asian Studies. THE war in Cambodia is not over. And it will not come to an end in1,023 words
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Article, Illustration867 1995-07-29 18 Sam Bateman - Security and economics have compelled Australia to look closely at both the Indian and the Pacific oceans, says Sam Bateman Sam Bateman Commodore Sam Bateman is Director of the Centre for Maritime Policy at the University of Wollongong, Australia. DESPITE an occasional burst of enthusiasm, the867 words
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Article, Illustration1204 1995-07-29 18 Mark J Valencia - The possibility of conflict in North-east Asia is real, and could be sparked off not by North Korean aggression, but by competing claims to fishing rights. Mark J Valencia looks at the issue Mark J Valencia Dr Mark J Valencia is a Senior Fellow1,204 words
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Article, Illustration1042 1995-07-29 18 James Cotton - James Cotton analyses the implications of recent local elections in South Korea James Cotton Dr James Cotton is professor of political science. University of Tasmania, Hobart, Australia. POLITICS in South Korea has lons been a contest for the same major players. The introduction of1,042 words
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Page 5 Advertisements
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Advertisement382 1995-07-29 5 NEWS VALUE OutstMdtag credit card debt hits $740 m in 2Q (pg 1) Lots of money around, but not in the hands of individuals. JTC to increase factory plat ratio, reclaim more land (pg 1) Macro economic impact positive, particularly for the manufacturing sector. Tafcs to bay Apac's Ecea stake382 words
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Page 6 Advertisements
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Advertisement161 1995-07-29 6 BUSIN ESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX:74I-1298 OFFICIAL NOTICE We, UNITED ASIAN SHIPPING PTE LTD of SINGAPORE hereby give notice that in consequence of CHANGE OF SHIP'S NAME. We have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) in respect161 words
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Page 7 Advertisements
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Advertisement684 1995-07-29 7 WestLß Westdeutsche Landesbank Girozentrale (Incorporated in Germany) Group Balance Sheet as at December 31,1994 Group Statement of Income for the year ended December 31,1994 M 19IIM 1.1-51.12.1W1 31.12.11U 31.12.1033 OH OH M DM thoutOTda Amd OH OH M 06 thousand UMMm DM N OH Mil CM S *****"*mmtnmmm 10,714,140,419.72 19,<74,553)684 words
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Page 8 Advertisements
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Advertisement23 1995-07-29 8 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, pleaaecal our Customer Services Section on 1800-748-2577.23 words
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Page 9 Advertisements
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Advertisement573 1995-07-29 9 BUSINESS TIM E-S IN THE MATTER OF THE COMPAMES ACT (CHAPTER 50) ANDHTHE MATTER OF SW CAM PTE LTD (Incorporated in ttw Republic of Singapore) (In Voluntary Liquidation) NOTICE Of MEMBERS' VOLUNTARY WWOM&UP NOTICE IS HEREBY GIVEN that the Creditors of the abovenamed Company, which is being voluntary wound-up, are573 words
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Advertisement20 1995-07-29 9 As ami when the latest Loodoa/ Rotterdam prices are aot available, the previous trading day's dosing figures are carried instead.20 words
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Page 10 Advertisements
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Advertisement140 1995-07-29 10 m l\ "The cabin Is a triumph. "If cars were sold exclusively "Along with the wood and "The use of wood is subtle and L-. Fine leather and wood blend on showroom appeal, then we leather, the 820 comes with pleasing, the leather trim is perfectly to create an ambience140 words
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Page 11 Advertisements
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Advertisement10 1995-07-29 12 To crack or enter Mrs ball, on at 30 minute.10 words
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Page 13 Advertisements
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Advertisement13 1995-07-29 13 ipsa x jnHiHn ■<&. ji^n|;ii^ra7i|jM|OT /i|^B tf rM| ffir fflllßßj "^Bfchai■&&&&##; jmhbsb^^^h <:■■ *>m JHHMHi13 words
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Page 14 Advertisements
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Advertisement1652 1995-07-29 14 !\-^>$;-=:%+!?[`.'-;+})-}?/{<_< soci£t£ g&n&rale HaadOflto* Mol* to Mm Accounts wWoh toim an Magnl part «l Mia anancW MMM 29.BoutauaqdHauaamaiwi,*****Puis togaMiar rthtWal Sodala Qmm+tt mAtUarim canba Sodata Atwfrrm kuidad In 1864 Sodata Oanarala. Stogapoia Brandt, 90 AoMnaon Road. *****.8hflapow 0108 Chairman: Marc C3aud.B«Afl Jaan DONNEORJ 06 VABfIES Dirackm: Jaan-Luc WABANT Jaoquaa CALVET1,652 words
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Advertisement170 1995-07-29 14 tlnonora Closing Share Mom 28/07/1MS oum mn tow mm un m$ mi un wlf MkMMkm» 1AM 7 JO 7.4* TjM ifIBWIH MkM Mraftafte Ml Ml Ml IH LWJ D*|hn» OJM OuW 0*7» Ml imfl r i um« ijm im \*t im ESBm Mil n 11 mn 1*4 im ijm jjm^170 words
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Executive Lifestyle
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Article, Illustration1570 1995-07-29 19 Tan Su Yen - Tan Su Yen takes a look at the viewership battle looming ahead as SCV prepares to take on TCS Tan Su Yen CABLE television has come to town. And with it, the battle for viewership begins. At the end of June, 15,000 households in the Tampines HDB estateDesign by Jennifer Chua - 1,570 words
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STRAWS IN THE WIND
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Article45 1995-07-29 19 ONE sexist male contact told a reporter "You must be a rich man's wife or daughter look at your gold watch, nice bag, shoes and dress." Obviously, some people still can't accept the idea of women making and having money of their own.45 words
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Article52 1995-07-29 19 REMEMBER the four Cs that are supposed to be the criteria for choosing a spouse in Singapore car, condo, club, and credit card? Well, maybe a P needs to be added for primary school, given the annual frenzy over primary school registration and getting into the best phase52 words
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Article62 1995-07-29 19 THE quote of the week comes from the man caught by his wife on film having sex with her long-time friend: "1 am a man. If an offer is made I will not refuse it. It's like putting a fish in the mouth of a cat." Yes, but fish62 words
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Article45 1995-07-29 19 AN UPSET rice trader has urged BT not to run any more articles obout rising rice prices, and especially to forget about China's floods, which could pressure prices even further upwards. "This is Singapore," he said, "don't write about other countries".45 words
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COPORATE PROFILE
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Article, Illustration2349 1995-07-29 20 Alvin Tay - Asia's corporate giants ry. ■.< United Overseas Bank's 60th birthday this year coincides with its return to the top as Singapore's most profitable bank. What factors contributed to its success, and what are its plans for the next 60 years? Alvin Tay finds out from UOB2,349 words
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Article672 1995-07-29 20 UOB takes up residence at 80 Raffles Place THE OFFICIAL opening next Sunday of United Overseas Bank's new headquarters at 80 Raffles Place, comprising the twin towers of UOB Plaza, symbolises the growing importance of rental income as a new source of revenue for672 words
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OPINIONS
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Article, Illustration748 1995-07-29 21 STEVE VINES - LETTER BOM AUCKUIU Pull of English motherland remains in New Zealand despite fervour to plug into the world STEVE VINES The writer, a Hongkong-based journalist, visited New Zealand recently. He contributes regularly to BT NEW ZEALAND is probably the only country in the world where748 words
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Article, Illustration896 1995-07-29 21 Duncan McCargo - The provinces have finally won and have moved into Bangkok to take control of the government. Duncan McCargo reports Duncan McCargo Dr Duncan McCargo is lecturer in Pacific Asian politics. University of Ix'eds THE RECENT victory of a coalition led by Chart Thai896 words
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269 1995-07-29 21 Wong Hong Sob - Wong Hong Sob 1 REFER to the letters "Why are foreigners allowed to buy up scarce housing?" (BT, July 8, 1995) and "Singaporeans have privilege of cheap public housing" (BT, July 15, 1995). Mr Rymdl's argument that Singaporeans are well provided for housing at subsidised269 words
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Article, Illustration404 1995-07-29 21 Tan Cbong Kee - LETTERS TO THE EDITOR Tan Cbong Kee PRIME MINISTER Gob Chok Tong has said that Singapore should have its own brand of journalism and that journalists here should keep up the virtuous cycle with the government. In a recent Straits Times survey, it404 words
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451 1995-07-29 21 Douglas Ooi - Douglas Ooi muttgißg airector Kin Eag Securities USI NESS TIMES published a number of company briefs and a news report on the sale of Kim Eng shares by its major shareholders this month. The latest was on July 26,451 words
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Personal Finance & investment
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BULLS' EYE
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Article, Illustration570 1995-07-29 22 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, Credit Lyonnais, G K Goh, Kay Hian James Capel, Morgan Grenfell, Nomura, Phillip, Smith New Court and W I Carr. Buy! OCBC Investment Research (July 27) First570 words
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Article, Illustration426 1995-07-29 22 Liew Yin Sze - Liew Yin Sze Head, Singapore Research J M Sassoon O WER-than-expec-I ted first quarter J GDP growth and post-Goods and Services Tax second quarter export figures have persuaded most analysts that the Singapore economy is not as robust as it had seemed just a few months ago.426 words
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Article, Illustration758 1995-07-29 22 Paul Leo - THE WEEK By Paul Leo WELCOME to the "Small Caps Casino" where the bets are small, the payouts big and the chance of winning has been very good over the past few weeks. The UOB-Sesdaq Index, the commonly-used barometer for penny stocks, has risen758 words
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Article, Illustration840 1995-07-29 22 S N Vasuki - S N Vasuki explains how region's construction boom will benefit steel companies which cut costs and raise productivity S N Vasuki ASIAN steelmakers the large integrated operators as well as the small mini-mills are counting on the region's massive spending840 words
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Article, Illustration701 1995-07-29 22 Al Labita - Eye on the region: Philippines From Al Labita in MANILA FUND managers couldn't ask for more. The market mood has been more bullish than bearish. First, the looming US-Ja-pan trade war fizzled out. Then, the International Monetary Fund stamped Manila's fiscal positionSource: Bridge Info - 701 words
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Article, Illustration1097 1995-07-29 23 Rahita Elias - Rahita Elias finds out why security houses consider the Freight Links IPO so attractive Rahita Elias FREIGHT Links Express Holdings (FLE), the latest Sesdaq offering, looks like another stag in the making. Among the houses calling for a stag is Fraser Securities. In1,097 words
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Article, Illustration938 1995-07-29 23 Daniel Lian - Regional currencies will fall against the US dollar but stage a dramatic rally against both the yen and the Deutschemark while interest rates in the region will either hold steady or rise moderately, says Daniel Lian. Daniel Lian The writer isSource: Bloomberg - 938 words
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Article713 1995-07-29 23 Deposit amount l-wk l-mth 3-mth 6-mth Deposit amount 1-wk l-mth 3-mth 6-mth Bank of China BHHMH £25.000 £49,000 6.0600 6.1300 6.1900 AS Sfr innm smm fc7sm /nsnn SI0.000 SM9.999 1.8800 1.9400 1.9400 'SS ",m S "IS Sfr,00.000. SftH,.™ I.OOO 2.0*00 2 0600 Hmk USJ mono 4Q<W99 inooo ,m M i713 words
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Article, Illustration903 1995-07-29 24 PARVATHI N NARAYAN - ExMbftions By PARVATHI N NARAYAN The writer is an artist who contributed this article to Executive Lifestyle VIY FIRST exposure to Latin American irt was at the Archer M Huntington Art Gallery, which is attached to the University of Texas at Austin. With over 1,500 A-orks, it903 words
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Article689 1995-07-29 24 Vikram Khanna - WteESights By Vikram Khanna "ANYONE with a PC, a modem and a few flicks to spend can now get the kind and 'r~)Mlity of information that used to be available only to institutional investors," ays an online investment guru called Ted Ulrich. Looks like he's right.689 words
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Article, Illustration1073 1995-07-29 24 Susan Tsang - There's money to be made from old film posters, but which ones do collectors look fbi? Susan Tsang finds out what sells in a highly selective market Susan Tsang IN A Christie's sale of vintage film posters in March, an Italian poster of To Have And Have Not/Acque1,073 words
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Article, Illustration480 1995-07-29 24 Singaporeans are the world's most avid cinema-goers, averaging about eight films per year each. However, memories of images on the silver been are not all that Singaporeans need yatk away with local film fans do have access to film posters. These range from licensed reproductions of480 words
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785 1995-07-29 24 KEVIN SULLIVAN - BMkRHtaw By KEVIN SULLIVAN Blindside: Why Japan Is Still°" J™* To Overtake The Us By The Year 2000 By Eaatou Flogletoa Simon ft Sch aster. Price: $38.50 EAMONN Fingleton sees the all-powerful hand of Tokyo's Ministry of Finance (MoF) in most aspects of Japan785 words
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Article, Illustration743 1995-07-29 25 Corinne Kerk - How does the new Park Mall differ from other furniture centres in Singapore? Corinne Kerk shops around for some answers Corinne Kerk PARK MALL's well-publicised switch from fashion to furniture and furnishings is more or less complete. By moving from a depressed industry to one that743 words
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EPICURE
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Article, Illustration681 1995-07-29 26 CORINNE KERK - Bon Appettt By CORINNE KERK FINDING the restaurants at Parco Bugis Junction is a trying exercise. After going round the complex looking for the carpark entrance, and then waiting for cars to come out so you can park yours, it's a wonder you have any appetite left.681 words
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Article566 1995-07-29 26 Tan Su Yen - Tan Su Yen meets MD Alex Lee of Chungking Szechuan Tan Su Yen THE "nouvelle Szechuan cuisine" at the Chungking Szechuan Restaurant has the distinction of being Szechuan cuisine developed by a Northern Chinese family who live in Yokohama, Japan. The restaurant's unusual history echoes the rich566 words
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Article841 1995-07-29 26 SHAHIRON SAHARI - By SHAHIRON SAHARI ANTHONY Quinn has probably done more for the promotion of Greece and its culture than any number of tourist board efforts ever will. Not just because of his most famous role, the lead character in Elia Kazan's Zorba The Greek (based on Nikos Kazantzakis'841 words
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Article, Illustration812 1995-07-29 26 N K YONG - Wine By N K YONG MATURE French wines, especially Bordeaux, are readily found on wine merchants 1 lists all over the world, but old Australians are like hen's teeth. Australian auctions were the only place you could find them until 1993 when Sydney-based Anders Josephson Private Wines812 words
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Article, Illustration1033 1995-07-29 28 Aa AwMy Big Adiaahaa. Mike Newdl and Hugh Grant, who gave us 4 Weddings, follow it up with a sour look at a stupid girl who joins a theatre, where everyone is a predator. R(A). Lido: 11.15; 1:45. Jade: 6.45; 9.15. Aataaia Aad Jaae. Jane is a frump, Antonia1,033 words
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Page 19 Advertisements
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Advertisement12 1995-07-29 19 I SINGAPORE I BUSINESS If'Qiviiig You Winning Edge W v x% JS^**'12 words
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Page 21 Miscellaneous
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Miscellaneous72 1995-07-29 21 mmkiwA-MtAMWi (10H1S?ER!) [MV S£tfTirOE>JTß EV^CTLS. 1 J ceDßic IK» OF an! WWPvT DO OF BRITISH Ml-Sft=eD\ aO*. V X* kfml OUT oj sn*i<e_, causing OWb I>>IOESPP£PO y —N O'T -TW& COU»JTg>fS EQ>ot*w .TO BOOT C AMOOATH) LTD.. WC-WM DOONESBURY garry trudeau 1 7j MUCTA6R£AT*UM* GREAT NEUS,BRO~! TURNS OUTALLTH&f&fT VOU MEAN,72 words
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Page 26 Advertisements
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Advertisement160 1995-07-29 26 BUTtekFLY b aJP9ca f e CONTINENTAL CAFE, RRTAURANT AND BAR SET BUSINESS LUNCH AND DINNER FROM $18.80++ HAPPY HOURS 3PM TO BPM Home-made daily soup Seared Salmon on a bed of Garden Vegetable Tropical fresh fruit with mango ice-cream Salmon Nicoise Salad Duck Breast with Three Colour Pepper Sauce Apple160 words
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Advertisement1530 1995-07-29 27 WHERE TO WINE, DINE AND ENTERTAIN E BlN'rli 1 M M WORLD'S UVfIGEST SELLING BEER J E The Day You Dine At Triple 3. Be Prepared To Have A Very Light Breakfast. J. Skip breakfast altogether for a sumptuous buffet at Triple 3, an irresistible spread featuring some 5 601,530 words
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Page 28 Miscellaneous
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Miscellaneous2376 1995-07-29 28 TODAY'S TV 7.00 Berita Smmm, AMi ■faTim T fi!Tir3H 7jo im S—MI A s.oo Ber+ta s«uu 8.30 Majatah Waaita. Jagged Edge, 9.30pm, TV2 Far Fram The Maddtag Crawd, v 9.00 Berita S«mu Gienn Close gets into bed with 12pn,Chl2 }?*j!2 Jeff Bridges whilst defending An excellent 1967 adaptation Imt i«2,376 words
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