The Business Times, 12 August 1995

Microfilm: NL20016
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    12 1 SINGAPORE BUSINESS TIMES MITA(P) 194/12/94 Weekend Edition, August 12-13 1995 WEKNOH\ASM 85'
    12 words
  • Article, Illustration
    Kotjo-Bambang group bids for L&M at $1.45 a share
    598 1  -  By Lee Han Shih SINGAPORE A high-pow-ered Indonesian consortium led by Johannes Kotjo and including President Suharto's second son Bambang Trihatmodjo has launched a longawaited bid for L&M Group Investments at $1.45 a share and 45 cents a warrant. Also in
    598 words
  • Article
    GIC plans to step up direct investments in China
    397 1  -  From Quak Hiang Whai in BEIJING THE Government of Singapore Investment Corporation (GIC) plans to beef up its direct investments in China because of the limited scope for portfolio investments here. Teh Kok Peng, GlC's deputy managing director, told Business Times
    397 words
  • Article
    Lock icon Taipei orders measures to rescue markets
    372 1 Bloomberg Business News Reuter TAIPEI Taiwanese authorities swung into action yesterday to announce measures to prop up securities and forex markets after the stock market plunged almost 5 per cent and the Taiwanese dollar tumbled to a four-year low amid fears over tensions with
    Bloomberg Business News; Reuter  -  372 words
  • Article
    Teng Fong ups YHS offer to $5.25
    630 1  -  Rival bidder Camerlin buys time, extends $4.70-a-share offer by 16 days By Conrad Raj SINGAPORE Property developer Ng Teng Fong last night raised the ante in one of Singapore's largest takeover battles by increasing his offer for Yeo Hiap Seng by 25 cents
    630 words
  • Article
    Greenback surges to 5-month peak against yen
    319 1  -  From Anthony Rowley in TOKYO THE US dollar surged to a five-month high of 93.80 yen in Tokyo yesterday as US hedge funds and investors poured into the dollar. While hot money flows shollld turn further dollar strength into a self-fulfilling prophecy, some
    319 words
  • Article
    Lock icon Dow down 26.76 points
    63 1 Reuter NEW YORK Blue-chip stocks fell for the third straight session yesterday as rising long-term interest rates worried investors. The Dow Jones Industrial Average was off 26.76 points at 4,616.90 just after 2 pm EDT. In the broader market at 1 pm EDT, losers outpaced gainers
    Reuter  -  63 words
  • Article
    Lock icon Chance to boldly go where no ad has gone before
    140 1 Reuter LONDON For sale: the first advertising billboard in space. Cost: US$l million (551.39 million). The Max us experimental space probe, financed by the European Space Agency and to be launched from Sweden in November, yesterday offered what was billed
    Reuter  -  140 words
  • Article
    Untitled
    168 1 Stock Market Mew Friday Ckangc STII 2,077.80 -21.57 KLSE Comp .......1,054.43 -2.77 Nikkei 16,792.34 +63.37 Hang Sent 9,006.93 -135.62, SET Index 1,330.62 -1.24 Jakarta Comp 519.18 +4.18 Manila Comp 2,874.17 +17.75 Taipei WP1 4,551.89 -217.96 Seoul Comp 914.24 -1.77 Bombay BSE30 ..3,405.20 -17.59 CLSA China B .......873.47 +1.23 AustAllOrd 2,127.6
    168 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      Hotel occupancy slips from July highs, but still above average
      482 2  -  Dip may be due to the Great Sale coming to an end By Agnes Wee, Michelle Low SINGAPORE Hotel occupancy rates tailed ofT slightly in August from their July highs, hoteliers said yesterday. But they added that the rates were
      482 words
    • Article
      Thais opt for HK shopping over Singapore sale
      348 2  -  From Loh Hui Yin in BANGKOK SHOPPING till they drop is still the favourite pastime of Thais whenever they go abroad. But the attraction of the Great Singapore Sale, which ends tomorrow appears to have waned. The industry has been promoting the
      348 words
    • Article
      MAS: Lower S$ won't sustain competitiveness
      340 2 THE exchange rate is not a useful instrument to achieve sustained improvements in export competitiveness, a senior Monetary Authority of Singapore official said yesterday. In a paper presented at a workshop attended by regional central bankers, academics and other economists, MAS deputy managing director
      340 words
    • Article
      US bag maker Eastpak looks to Asia
      218 2 AMERICAN bag maker Eastpak Corp yesterday launched new lines created for Asian customers in a bid to capture new markets in the Far East. The lines feature casual bags a little smaller than Eastpak's usual gear. These are being launched in Singapore, which
      218 words
    • Article, Illustration
      MRT passenger traffic expected to hit two million a day by year 2030
      427 2 THE MRT system will have to treble its.capacity by the year 2030 when its passenger traffic is expected to hit two million a day from the current 700,000, according to Mass Rapid Transit Corp chairman Wesley D'Aranjo.
      427 words
    • Article
      FairPrice pays 6% dividend, 8% rebate
      163 2 NTUC Fair Price Cooperative Ltd will pay shareholders a first and final dividend of 6 per cent and give customers a patronage rebate of 8 per cent this year, unchanged from the rates last year. But the payout of $28 million will be nearly
      163 words
    • Article
      SMRT explains service disruption
      32 2 SINGAPORE Mass Rapid Transit said yesterday that the disruption of train service between Choa Chu Kang and Bukit Gombak stations yesterday morning was caused by a defective train.
      32 words
    • Article
      Society of Project Managers formed
      48 2 A NEW professional body to spearhead the development of project management as a discipline in Singapore has been formed. The body, called the Society of Project Managers, will comprise of architects, engineers, surveyors and professionals involved in directing the development of construction projects.
      48 words
    • Article
      Corrections and clarifications
      72 2 IN OUR report on August 8, "Thakral group puts Sydney hotel up for sale", we said that Mr Michael White is the managing director of the hotel division. He is in fact group general manager of Thakral Holdings Limited. We also reported that the group purchased a
      72 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      913 2 Iju LIANG HUAT ALUMINIUM LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN THAT an Extraordinary General Meeting of the Members of Liang Huat Aluminium Limited will be held at Banquet Hall 2, Raffles Country Club, 450 Jalan Ahmad Ibrahim, Singapore 2263 on
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  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      446 2 Slafaparc Showers over a tew areas in the late morning and over many areas in the afternoon. Temperature (30-24). «*fl* mntr CwmL Inp mn*r Cmt. Buenos Mm 14/06 tan OuMrt 11/C6 Cloudy 21/17 Sumy »«ca#> 27/30 CtauOy Ban#uk 33/24 Cloudy Mm.. -.34/24 Cloudy HonoMu 27/25 Ctauc* Bopnt 30/21 Cloudy Bain
      446 words
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  • THE REGION
    • Article
      New Sino-foreign bank to underwrite China securities
      467 3  -  From Quak Hiang Whai in BEIJING CHINA'S financial reforms took another great leap yesterday with the launch of its first Sino-foreign investment bank which, among other things, will be allowed to underwrite securities marketable in the Chinese domestic capital market. China International Capital
      467 words
    • Article, Illustration
      Lock icon Hated Japanese relic's days doomed
      77 3 Reuter SEOUL This facade completed yesterday hides a hated building which symbolised Japanese colonial rule over the Korean peninsula. The massive granite structure in central Seoul was built by the Japanese in 1926. Next Tuesday marks the 50th anniversary of Korea's liberation from Japan, and
      Reuter  -  77 words
    • Article
      Lock icon Thai GDP seen growing at 9.3% in '96: Lehman
      171 3 AFP BANGKOK Thailand's gross domestic product (GDP) is likely to grow at 9.3 per cent in 1996, far above the projections of the Thai government, US investment bank Lehman Brothers said in a report yesterday. Strong growth in the manufacturing sector,
      AFP  -  171 words
    • Article
      Lock icon 29 Sabah government firms in the red
      259 3 Bernama KOTA KINABALU Twen-ty-nine companies owned by the Sabah government have been incurring losses, the Sabah State Legislative Assembly was told on Thursday. State Assistant Finance Minister Michael Lim said 10 came under the Chief Minister's Department, 15 from the state Agriculture and
      Bernama  -  259 words
    • Article
      Lock icon China claims success in slowing inflation
      402 3 But foreign economists, Western diplomats doubt 14.6% figure AFP BEIJING China claimed continued success yesterday in slowing inflation, with official figures showing July's year-on-year rise in the Retail Price Index (RPI) falling below the annual target to 14.6 per cent. Xinhua news agency quoted
      AFP  -  402 words
    • Article
      Lock icon Subic Bay to get US$60m boost from World Bank
      229 3 AFP MANILA The World Bank has agreed to release US$6O million (SsB3 million) to help finance US$24O million worth of infrastructure projects to develop the former US naval base at Subic Bay into a world class free port and industrial zone,
      AFP  -  229 words
    • Article
      Lock icon Thailand's Ucom pulls out of Vietnam telecom projects
      422 3 Business Day BANGKOK United Communications Industry (Ucom) is the latest Thai firm to pull out of Vietnam, pinning the blame on the government's unclear policy on telecommunications and excessive red tape. "We have decided to close down Ucom International (Vietnam), which has
      Business Day  -  422 words
    • Article
      Lock icon Petronas raises US$1b from US capital market
      360 3 Funds will be used partly to finance Malacca refinery MBT KUALA LUMPUR Petronas has raised US$l billion (551.39 billion) from the US capital market following a highly successful roadshow covering six American cities recently. The national oil corporation says the transaction represented the
      MBT  -  360 words
    • Article
      Lock icon Manufacturing to fuel Indonesia's 7.5% growth: economist
      228 3 Bernama JAKARTA Indonesia's economic growth this year is predicted to reach 7.5 per cent from 7.2 per cent in 1994, says a noted economist. Dr Syahrir, a former student activist who was jailed several years for criticising the government in the *****, told
      Bernama  -  228 words
    • Article
      Lock icon China wants control of Exchange Fund by Jan 1997
      280 3 Knight-Ridder HONGKONG China is demanding control of Hongkong's Exchange Fund by Jan 1, 1997, six months before the handover of the territory to 1 China in July, the local media reported yesterday. An early transfer would allow China to master the
      Knight-Ridder  -  280 words
    • Article
      Lock icon Revolution Fund now with state: minister
      84 3 AFP JAKARTA State Secretary Murdiono yesterday denied that billions of dollars in gold and cash had been gathered as a "Revolution Fund" by Indonesia's founding president Sukarno. He said only slightly over a million dollars had been deposited in two overseas banks and at
      AFP  -  84 words
    • Article, Illustration
      Lock icon Marking Indon Independence Day
      28 3 Reuter JAKARTA Workers setting up flags around the Presidential Palace to prepare for the 50th anniversary of Indonesia's Independence Day on Aug 17. Reuter
      Reuter  -  28 words
    • Article
      Lock icon Senator attacks use of child labour
      84 3 AFP MANILA An estimated 700,000 children are being employed in the Philippines in violation of local and international labour laws, a senator said yesterday. Senator Ernesto Herrera, chairman of the Senate Committee on Labour, called for a joint inquiry by both houses of Congress
      AFP  -  84 words
  • Page 3 Advertisements
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  • REGION/WORLD
    • Article
      Lock icon Semiconductor order index in US hits record high
      372 4 NYT SAN FRANCISCO The semiconductor industry displayed unexpected strength on Thursday, as its leading indicator reached an all-time high in July, driven primarily by a big increase in orders. The Semiconductor Industry Association, a trade group based in San Jose, California, reported
      NYT  -  372 words
    • Article
      Lock icon New UK unit to monitor broking firms' soundness
      184 4 Reuter LONDON British markets regulator the Securities and Futures Authority is sharpening its teeth after the Barings collapse, creating a new Financial Risk Division to monitor member firms. From Sep 1, the new unit will be responsible for scrutinising the financial soundness
      Reuter  -  184 words
    • Article
      Lock icon German House to be set up in India to help investors
      532 4 Centre to have offices, flats, provide consultancy services Bloomberg Business News Reuter BOMBAY German authorities are setting up a business centre in Bombay, India's commercial capital, to boost trade and investment and beat crippling real estate prices. A spokesman
      Bloomberg Business News; Reuter  -  532 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1500 4 AIRCRAFT ARRIVALS DEPARTURES q» ngM en fgw rr» QF81 1930 Of82 2055 kmmm RH87 0130 tm*m4m SQ25 1215 GA890 0205 KLS37 1450 KL838 2300 SQ324 2330 Aaddaad NZ2I 1735 NZ22 1920 SQ286 2040 MIkhm BM21 1105 SQ182 0915 SQ181 1410 BM22 1210 BM27 1720 BM28 1820 MMf MZ906 1150 MZ907
      1,500 words
    • Article, Illustration
      Lock icon Counting his blessings
      64 4 AFP BUENOS AIRES A beggar watches eagerly as a passerby adds to his pile of coins in front of the San Cayetano church while hundreds of thousands of faithful converge to see the image of San Cayetano, the patron saint of workers and protector of the poor.
      AFP  -  64 words
    • Article
      Lock icon Sluggish US retail sales keep inflation at bay
      317 4 Bloomberg Business News WASHINGTON Sluggish retail sales and the biggest drop in petrol prices in more than four years are helping to keep inflation under control in the US. Retail sales posted an unexpected 0.1 per cent decline in July following two
      Bloomberg Business News  -  317 words
    • Article
      Lock icon Indian power station to be Tenaga's first abroad
      187 4 Bernama KUALA LUMPUR Jepaga Nasional Bhd (TNB) has embarked on its first overseas project via its 25 per cent stake in a consortium involved in a coal-fired power station in Karnataka state, India. Tenaga, a Malaysian-listed power giant, will undertake the financing,
      Bernama  -  187 words
    • Article
      Lock icon Bundesbank ready to sanction further fall in repo rate
      306 4 Reuter FRANKFURT The German Bundesbank, which this week sanctioned the first notable fall in a key money market interest rate since March, signalled yesterday it was prepared to let the so-called repo rate fall further. Bundesbank deputy president Johann Wilhelm Gaddum
      Reuter  -  306 words
    • Article
      Lock icon Sony to launch Hindi satellite TV channel with S'pore-based firm
      256 4 AFP Bloomberg Business News NEW DELHI Sony Pictures Entertainment (SPE) of Japan and the Singapore-based Argos Communications Enterprise Pte Ltd announced plans yesterday to launch a Hindi-lan-guage satellite television channel later this year. Sony Entertainment Television will beam Hindi dramas,
      AFP; Bloomberg Business News  -  256 words
    • Article
      Lock icon Clinton bans N-arms tests
      100 4 Bloomberg Business News WASHINGTON President Bill Clinton yesterday banned all US nuclear weapons tests in a move designed to obtain an elusive global prohibition. "This is a historic milestone in our efforts to reduce the nuclear threat, to build a safer world," Mr Ginton told White
      Bloomberg Business News  -  100 words
    • Article
      Lock icon ABB'S profit up 41%
      98 4 Reuter ZURICH Electrical engineering group ABB Asea Brown Boveri yesterday reported a 41 per cent jump in first-half profit, living up to markets' high expectations. ABB which mainly supplies industry, so its results thus lag economic cycles said that group operating earnings rose 24 per cent
      Reuter  -  98 words
    • Article
      Lock icon Clinton gave nod
      97 4 AFP WASHINGTON President Bill Clinton is stepping into the crossfire of SinoUS tensions, saying he personally authorised Taiwanese President Lee Teng-hui's US visit, which infuriated Beijing "I made the decision personally to permit President Lee from Taiwan to come into this country not as the head of
      AFP  -  97 words
    • Article
      Lock icon Nestle in China
      74 4 Bloomberg Business News VEVEY Nestle SA, the Swiss food company, said it signed an agreement to invest 30 million Swiss francs (Ss3s million) in an ice cream project in Guangzhou, in Guangdong province in China. Nestle will own 60 per cent of the new joint venture with
      Bloomberg Business News  -  74 words
    • Article
      Lock icon Tradepoint to open
      80 4 Bloomberg Business News LONDON The Tradepoint Investment Exchange, the UK's first screenbased, electronic trading system, said it will open for business on Sep 21. About 50 broker-dealers, market makers and fund managers have signed on and will initially trade as many as 400 British stocks, according to
      Bloomberg Business News  -  80 words
    • Article
      Lock icon Virgin Bride
      54 4 Reuter LONDON British entrepreneur Richard Branson is to go into the marriage market with a one-stop wedding shop called Virgin Bride, a company spokesman said yesterday. The organisation, still in the planning stage, could offer the bride and her groom everything from bouquets and dresses to limousines and
      Reuter  -  54 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Aztech's 88% profit jump at Creative's expense: analysts
      446 5  -  By David Mok SINGAPORE The strong interim results of multimedia firm Aztech Systems suggest it has been benefiting at the expense of its arch-rival Creative Technology, whose performance has weakened in the past year. Yesterday, Aztech reported an 88 per cent jump
      Source: BT, Bridge Info  -  446 words
    • Article
      CCL sets up joint venture to sell Mitsubishi cars in Myanmar
      270 5 SINGAPORE Cycle Carriage Ltd (CCL), the local distributor of Mercedes-Benz, Mitsubishi and Proton Saga, has entered into a joint venture to sell Mitsubishi passenger and light commercial vehicles in Myanmar. CCL Golden Star Ltd will be incorporated in Myanmar
      270 words
    • Article
      Eltech retrenches staff, moves production to Johor
      319 5 It is secohd company to do so, after Vikay Industrial SINGAPORE Contract manufacturer Eltech Electronics has retrenched 86 workers in Singapore because it is moving production to Malaysia. The mainboard-listed firm now has a workforce of just over 190 people here. Eltech has
      319 words
    • Article
      Republic Hotels disappoints with 5% rise in interim earnings
      447 5  -  By Agnes Wee SINGAPORE Republic Hotels and Resorts yesterday reported a moderate 5 per cent rise in interim net profit, but analysts expect the inclusion of earnings from the Harbour View Hotel to improve its sec-ond-half results. The analysts were disappointed
      447 words
    • Article
      Comfort seeks public listing for vehicle testing unit Vicom
      192 5  -  By Genevieve Cua SINGAPORE Comfort Group Ltd has applied for the listing of its wholly-owned subsidiary Vicom Pte Ltd which specialises in vehicle testing. But t6 date, it has not received in-principle approval for the listing from the Stock Exchange of
      192 words
    • Article, Illustration
      Cerebos sells Pizza Hut business back to Pepsico for US$11m
      357 5  -  By Michelle Low SINGAPORE Cerebos Pacific will sell its 70 per cent Stake in Pizza Hut Singapore (PHS) back to the restaurant operator's parent, Pepsico Restaurants International Asia, for US$ll.2 million (S$ 15.7 million). Cash-rich Cerebos is quitting the flagging
      357 words
    • Article
      Ekran must explain why private company is reaping profits from logging
      805 5  -  By S N Vasuki SINGAPORE Malaysian broking firms have been calling a sell on Ekran Bhd after the construction firm unveiled earlier this week a complicated plan to raise Msl.7 billion (SS96O million) to pay for its 20 per
      805 words
    • Eye on your Stocks
      • Article
        MARKET MOOD
        20 5 For next week s expected market sentiment, see BT's Sentiment Index on EL4 (Personal Finance A Investment section)
        20 words
      • Article, Illustration
        HOT STOCK
        79 5  -  -By Shiv Taneja ELECTRONIC Resources' share price has risen sharply over the past two months, with daily RSI currently in the overbought region. Take profit, as the stock appears to be entering a period of consolidation, which will probably be followed by a correction as indicated by the
        79 words
    • Article, Illustration
      Lock icon Goldtron, Horiguchi find favour with Sesdaq speculators
      249 5 SINGAPORE Speculators yesterday continued their recent focus on Sesdaq stocks, this time targeting Goldtron and Horiguchi Engineering. Both figured heavily in the most active list, but both posted differing fortunes at the end of the day. In the case of telecommunications and electronics
      Source: Bloomberg  -  249 words
    • Article
      Lock icon SIA still hopeful about Indian joint venture
      284 5 Reuter SINGAPORE Singapore Airlines (SIA) remains hopeful its proposed joint domestic airline in India will be approved, a senior SIA official said. On Thursday, India's Business Standard newspaper reported that the Indian Ministry of Civil Aviation has rejected applications from 19 aspiring private
      Reuter  -  284 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        540 6 Vessel Voy No Berth Arrival Departure Jufong Port (BT) Adi Batam I J1 alongside 12.08/1300 (BT) Cahkya Muda 1/95 J1 alongside 1208/1000 (BT) Putra AbaA 2 J1 alongside 12.08/1300 (BT) Rohan laya 1/95 J1 alongside 12.08/0030 (BT) Surah J1 alongside 12.08/1400 Cattex Excefence 8/95-04 J12 alongside 1208/0900
        540 words
      • Article
        CONTAINER SCHEDULES
        1637 6 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Mfcc/Mac* tofts Ship ¥o J Hi Eft/Bfr ftrid Fran It Fran Aa Apricot 002 14/0700 2A 11/1700 12/0659 12/0900 26 11/1700 12/0659 12/0900 3 12/0/00 12/1159 12/1400 4 12/1200 12/1459 12/1700 to W 069A 12/1500 1* 11/1500 11/1659 11/1900
        1,637 words
    • COMPANIES
      • Article
        Compact Metal buys JB land for hotel
        69 6 SINGAPORE Compact Metal Industries is buying freehold land in Johor Bahru to develop a 130-room, M$ 19.6 million (S$ 11 million) hotel. Its subsidiary Compact Creation Sdn Bhd is in a sale-and-purchase agreement with Senai Associates to pay MsB.3 million (554.68 million) for
        69 words
      • Article
        Rothmans to return $172.12m
        63 6 SINGAPORE Rothmans Industries said yesterday the High Court of Singapore had sanctioned a capital reduction exercise to return to Rothmans shareholders paid-up capital of $172.12 million, which is in excess of the company's needs. A circular of the details of the court approval, notice of books
        63 words
      • Article
        Penang franchise for Noel Gifts
        63 6 SINGAPORE Noel Gifts International has signed its fifth franchise agreement in Penang, which is part of its five-year regionalisation franchise programme. The company will take an 80 per cent stake in the Penang franchise, comprising 400,000 shares of Msl (550.56) each for cash at par
        63 words
      • Article
        New Metro financial controller
        25 6 SINGAPORE Metro Holdings has appointed David Lee Chin Yin as group financial controller. Mr Lee was previously group internal audit manager.
        25 words
      • Article
        Hiap Moh's net earnings rise 13%
        64 6 SINGAPORE Hiap Moh Corp has reported a 13 per cent rise in net earnings to 1.04 million for the six months to June 30, on a 42.8 per cent growth in turnover to $21.38 million. Earnings per share rose 13 per cent to 3.S
        64 words
      • Article
        Econ Int'l unit in Sri Lanka property venture
        148 6 SINGAPORE Econ International is venturing into property development in Sri Lanka. The company's subsidiary Econ Lanka Investments has formed a joint venture with Ceylinco Land Exchange (Pvt) Ltd, called Ceylinco Econ Developments Ltd. The joint venture's first project is a residential development
        148 words
      • Article
        DBS Bank increases stake in PruAsia DBS to 75%
        310 6  -  By Shiv Taneja SINGAPORE As part of its strategy to regionalise its corporate finance and advisory services, DBS Bank will increase its stake in its Hong-kong-based corporate finance joint venture PruAsia DBS Ltd to 75 per cent, up from 50 per
        310 words
      • Article
        DBS results today expected to show margin squeeze
        281 6 Earnings INSIGHT SINGAPORE DBS Bank, which will announce its interim results today, is expected to report strong numbers but like United Overseas Bank, its earnings are likely to be tempered by a squeeze on margins caused by soft interbank rates in the
        281 words
      • Article
        Musa Hitam made chairman of Lion Land
        204 6 FORMER Malaysian deputy prime minister Musa Hitam has taken his first step into the corporate world with his appointment as a non-executive director and chairman of Lion Land Bhd. Lion Land is a member of the sprawling Lion group controlled by tycoon William
        204 words
      • Article
        Twenty foreign brokerages in Thailand form grouping
        349 6  -  From Loh Hui Yin in BANGKOK TWENTY foreign brokers, including Singapore's Vickers Ballas, have banded together to form the Foreign Brokers' Group of Thailand. Its objective is "to open the lines of communications between members on matters of mutual interest and to provide
        349 words
      • Article
        Hind Hotels buying 2 NZ industrial properties
        217 6 SINGAPORE Hind Hotels International, which owns the Imperial Hotel off River Valley Road, is buying a New Zealand company which has two industrial properties one in Christchurch and the other in Auckland with a book value of NZ$l5.l million (5513.9 million). In a
        217 words
      • Article, Illustration
        Lock icon Oriental Press suffers 14% fall in net profit to HK$405m
        417 7 Reuter HONGKONG Newspaper publisher Oriental Press Group has suffered a 14.2 per cent fall in net profit to HK5404.96 million (Ss7s million) for the year ended March 31. The results fell short of market expectations, auguring ill for the newspaper
        Reuter  -  417 words
      • Article
        Lock icon Goodman Fielder shares surge on wave of bakery takeovers
        413 7 Bloomberg Business News SYDNEY Shares in Australian food group Goodman Fielder shot up by as much as 15 per cent in the past week as global bakery takeovers led some investors to believe Goodman's assets may be worth more than previously
        Bloomberg Business News  -  413 words
      • Article
        Lock icon Wu denies making profit forecast for Hopewell
        193 7 Bloomberg Business News HONGKONG The managing director and major shareholder of construction company Hopewell Holdings, Gordon Wu, said he had made no statement concerning the company's earnings for the year ended June 30, a published announcement said. "Shareholders and investors should therefore not
        Bloomberg Business News  -  193 words
      • Article, Illustration
        Lock icon Netscape casts expensive net for punters
        691 7 Lesson for the small investor Bloomberg Business News NEW YORK Netscape Communications Corp's stock sale this week was a textbook lesson in why individual investors should not buy initial public offerings (IPO). Shares of the Internet access company shot up to US$75 (Sslos) in
        Bloomberg Business News  -  691 words
      • Article
        A cheaper way to invest in Chinese firms?
        622 7  -  Japanese firms break new ground by acquiring Beijing bus company's legal persons shares By Lu Ning SINGAPORE The acquisition of a 25 per cent stake in a Chinese auto maker by Japanese interests could open up a new, and perhaps cheaper, way
        622 words
      • Article
        Lock icon Viacom seeks buyer for Spelling Entertainment stake
        385 7 NYT NEW YORK Viacom Inc is looking for a buyer for its majority stake in Spelling Entertainment Group, which produces television hits such as Beverly Hills ***** and Melrose Place. Viacom, which is seeking to shed assets and reduce its debt, values Los
        NYT  -  385 words
      • Article
        Lock icon GM to cut vehicle development costs, 5,000 jobs
        309 7 Reuter TRAVERSE CITY, Michigan General Motors Corp said on Thursday its new North American engineering structure will cut vehicle development costs by 25 per cent but will require 5,000 fewer jobs at the vehicle maker and its suppliers. "We're looking at, in
        Reuter  -  309 words
      • Article, Illustration
        Lock icon Halliburton opts for Cheney the diplomat
        293 7 NYT DALLAS Halliburton Co, reaching for a political leader with gjobal contacts instead of a business executive, named former Secretary of Defence Richard Cheney as its president and chief executive on Thursday. Mr Cheney succeeds Thomas Cruikshank at one of the nation's largest oilfield
        NYT  -  293 words
      • Article
        Lock icon Hotel Victoria sold for HK$4b
        107 7 Bloomberg Business News HONGKONG New World Development Co Ltd, Hongkong's fourth-largest property company, said an unidentified buyer has paid a deposit of about HKSBQO million ($143.6 million) for Hongkong's Hotel Victoria, the Asian Wall Street Journal reported yesterday. Quoting company managing director Henry Cheng, it
        Bloomberg Business News  -  107 words
      • Article
        Lock icon HK developer seek HK$5b term loan
        81 7 Reuter HONGKONG New Found World, a company owned by five Hongkong property developers, has launched a five-year HKSS.3 billion term loan, said coordinating arranger HSBC Capital. The loan pays a margin of 100 basis points over the Hongkong Interbank Offered rate. There are no
        Reuter  -  81 words
      • Article
        Lock icon Toyota to increase capital spending
        80 7 AFP TOKYO Toyota Motor Corp will boost capital spending to total two trillion yen (Ss3o billion) in the five-year period from April 1996, the Japan Industrial Journal said yesterday. A Toyota spokesman declined to confirm the report. Toyota is boosting capital spending to around 400
        AFP  -  80 words
      • Article
        Lock icon Hinduja launches cable TV channel
        86 7 AFP NEW DELHI The London-based Hinduja Group unveiled a plan here yesterday to launch a cable television channel in the Indian capital and to expand its cable TV distribution network. Ashok Hinduja, president of the Hinduja group of companies, said its In Delhi channel would
        AFP  -  86 words
    • FINANCE & COMMODITIES
      • Article
        Tin eludes S'pore traders despite recent price rises
        429 8  -  By Siow Li Sen SINGAPORE Local tin traders are having a frustrating time they cannot get enough tin from China despite recent price increases. The situation is expected to worsen when European buyers return from their summer break, said one tin trader
        429 words
      • Article
        Lock icon Investment sales a wildcard in Hang Seng Bank results
        444 8 Reuter HONGKONG How much profit will Hongkong's Hang Seng Bank Ltd book in the first half of 1995 from the sale of long-term investments? That is the nagging question analysts are asking and helps explain why half-year profit estimates for the
        Reuter  -  444 words
      • Article
        Lock icon Thai minister backpedals on changes to bank licence rules
        272 8 Reuter BANGKOK Thai Finance Minister Surakiat Sathienthai yesterday said he needs to hold talks with the Thai central bank before deciding on whether to change conditions for granting new domestic bank licences. Mr Surakiat told reporters he would not move to
        Reuter  -  272 words
      • Article, Illustration
        Greenback rallies
        320 8 DBS Bank weekly currency review USS/DM: THE US dollar rallied this week to touch 1.4320 yesterday morning. The technical picture favours the upside, with resistance seen at 1.4380. Should 1.4380 fail to cap gains, the rally could test 1.4525 and then 1.4630. Support may be found at 1.4240,
        320 words
      • Article
        Lock icon Morgan Stanley to offer derivative product in more markets
        237 8 Reuter LONDON Morgan Stanley said it is to introduce its equity derivative product, Opals, in several emerging markets later this year, following successful take up by institutional investors in developed markets. Product manager Paul Aaronson said target markets would be Indonesia,
        Reuter  -  237 words
      • Article
        Lock icon Japan institute says banks, firms need to reform
        380 8 Reuter TOKYO Japan's major corporations should split into smaller, more specialised units, and a new breed of bank that offers a vast range of financial services must be nurtured if new economic challenges in the 21st century are to be met, an
        Reuter  -  380 words
      • Article
        Asian spot oil prices little changed as refiners shop around
        291 8 SINGAPORE Spot light oil prices were little changed as refiners in East Asia began to assess the September loading programme. Refiners who have delayed purchases of Asian oil in the hope the market would become well supplied said they were
        291 words
      • Article
        Lock icon LONDON
        319 8 Reuter LONDON Cautious dollar bulls are slowly gaining confidence and are leaving the long time bears licking their wounds and trying to sort out underwater positions. "People were caught wrongfooted and that is why the rally has gone as far as it has and why it has scope to
        Reuter  -  319 words
      • Article, Illustration
        Untitled
        1191 8 I index mkuiatni against S'parr's top 14 trading partners Base year MS US$/S$ forward rates Noon Aug 11 ss mi Offer 1-month 1.3941 ***** 2-month 1.3912 1.3927 3-month I.3M9 ***** 6-month 1.3808 1.3828 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9mi m Aug 11: Singapore dollars to oae unit
        1,191 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen little changed, Eurodollars flat
        1328 9 Reuter SINGAPORE Simex Euroyen futures ended little changed on shortcovering before the weekend while Eurodollars drifted sideways in dull trade. The Euroyen fell earlier following the yen's weakness against the dollar but the futures contracts managed to regain much of their losses on short covering.
        Reuter  -  1,328 words
      • Article
        Tokyo gold futures up on US$ rally
        665 9 COMMODITY REPORTS Gold TOKYO: Gold futures ended sharply higher after active trade, reflecting the yen's steep fall against the dollar, traders said. Prices ranged from 16 to 20 yen per gram higher, with benchmark June closing up 18 yen at 1,154. Activity was
        665 words
      • Article
        Sicom may start zinc futures
        91 9 SINGAPORE The Singapore Commodity Exchange is looking at a zinc futures contract, according to sources close to the exchange. A recently set up Sicom study group headed by Tan Hap Thye, managing director of Refco Singapore is examining the details of a zinc contract. If
        91 words
      • Article
        Korea zinc output seen rising
        74 9 SEOUL Korea Zinc-Co will aim to lift production of zinc to 215,000 tonnes in 19% from a projected 200,000 tonnes this year, according to a company source. But in the first six months of this year.it recorded output of only 93,820 tonnes, the source said
        74 words
      • Article
        Germany importing less cocoa
        77 9 FRANKFURT German cocoa imports in Apri totalled 13,959 tonnes, down from 29,632 tonnes it April 1994, the Federal Statistics Office said oi Thursday. The April imports bring the total for th< first four months of the year to 76,774 tonnes down from 117,827 in Jan-Apr 1994.
        77 words
      • Article
        Bulk of Russian sugar refineries idle
        92 9 MOSCOW Only seven sugar factories in Russia are currently in operation due to the limited supplies of raw sugar, the Interfax News Agency reported yesterday. The remaining 88 factories stand idle because of raw material shortages, even though the present season marks the peak
        92 words
      • Article
        COMMODITY PRICES
        1426 9 SICOM Futures Aug 11 Rubber (futures dasiag as at 5.30pn) KSS I Caatract (S ccnts/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 95 I I 182.00 125 H00 Oct 179. JO 1750 Nov 179.50 2025 Dec 179.50 125 2400 Jan/Mar 96 1(3.00 177.00 177.00 2625
        1,426 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        940 10 -11.2 PROFIT-TAKING in resource >tocks combined with an overlight fall in Wall Street to de--sress shares which closed half a xr cent lower yesterday. The All Ordinaries Index Inished 11.2 points down at 2,127.6. The All Industrials endid 7.1 down at 3,114.2, while :he All Resources shed 15.3 to
        940 words
      • Article
        Manila
        575 10 +17.75 Share prices closed 0.6 per cent higher on renewed interest on blue chips which posted strong interim profits. "All the big property issues are up due to the continuing reaction to their first half results," a dealer said. The PSE Composite Index lined 17.75 points to 2,874.17. urnover
        575 words
      • Article
        Taipei
        520 10 -217.96 Share prices finished 4.6 per cent lower to a 22-month low on selling spree triggered by the announcement of a new series of missile tests by China from next week. "The Chinese move to launch a new military drill sent a chill to an already faltering market," said
        520 words
      • Article
        New Zealand
        377 10 -8.69 Shares finished weaker, but brokers said the market's performance was fairly robust given a tightening of monetary condi- tions by the central bank and a fall on Wall Street overnight. The NZSE-40 Capital Index finished at 2,130.71, down 8.69 points but up slightly on its low of,
        377 words
      • Article
        Bombay
        90 10 -17.59 Shares finished lower and traders said volumes were moderate. 'The market remained flat and I expect prices to remain at the same levels next week," one dealer said. The BSE 30-share Index lost 17.59 points to end at 3,405.20. The 100-share National Index closed at 1,572.13 points against
        90 words
      • Article
        Seoul
        427 10 -1.77 Stock prices extended their losing streak to close 0.2 per cent lower, despite a securities industry reform plan that pushed up most financial shares. The Composite Index edged down 1.77 points to 914.24. Turnover was 48.62 million shares valued at 741,8 billion won. Falls eclipsed rises by 513
        427 words
    • WORLD STOCK MARKETS
      • Article
        London
        797 10 -7.2 STOCKS were mixed for a fourth day this week, with Unilever dropping after less-than-sparkJing earnings and Southern Electric hit by news it's in talks on a bid for South Western Electricity. After the market closed, Southern Electric said it had pulled out of the talks. An early decline
        797 words
      • Article
        Paris
        120 10 -3.01 French shares ended lower after trading listlessly. Traders said that a retreat on Wall Street and closing of positions ahead of the long weekend pulled prices lower. The market will be closed on Monday and Tuesday. The CAC-40 Index closed down 3.01 points at 1,946.21. Of the CAC-40
        120 words
      • Article
        Frankfurt
        179 10 -4.46 German stocks were mixed in post-bourse trading as declining bank stocks offset dollar-driven gains on carmaker Daimler-Benz AG. The DAX Index closed at 2,228.43 points, down 4.46, with 20 decliners outpacing 10 gainers. "Banks were all heavy on the sell side," said a broker. "Daimler was the only
        179 words
      • Article
        Milan
        146 10 -0.24 pc Italian shares finished mostly lower ahead of the long weekend with the expiry of options exercising a dampening effect on the market. "There was widespread interest in keeping cash prices below a certain level so that options would still be in the money," a broker with a
        146 words
      • Article
        Toronto
        235 10 •12.7 Stocks fell, depressed by moderate profit-taking and lacklustre North American bond markets, traders said. The TSE 300 Composite Index dropped 12.7 points to 4,596.80 on volume of 14.0 million shares valued at C 5224.00 million. Declining stocks outpaced advances 193 to 161, with 219 issues unchanged. Traders said
        235 words
      • Article
        New York
        691 10 -13.03 Stock prices turned lower in sluggish trading on .profit taking amid weak bond prices following mixed readings on the economy. The Dow Jones Industrial Average, which slumped 27.83 points on Thursday, was down 13.03 to 4,630.63 at 11am EDT. The Dow was ahead 0.71 shortly after the
        691 words
      • Article
        Amsterdam
        220 10 1.82 Dutch shares rose, supported by a firmer dollar and stronger bonds. Unilever which weighs a heavy 10 per cent in the AEX Index recovered from early lows on short-covering. Dealers said its half year profit forecast was disappointing. The AEX Index added 1.82 points at 460.52. Amsterdam Aa
        220 words
      • Article
        Stockholm
        131 10 +5.24 Swedish stocks edged upwards in light trade and the outlook was expectant and quietly optimistic ahead of a slew of six-month corporate results due over the coming few weeks, brokers said. The OMX Index gained 5.24 points to 1,685.01 in turnover of 1.8 billion crowns. Share prices tracked
        131 words
      • Article
        Zurich
        249 10 +17.5 Swiss sharA were driven higher by a firming dollar and a subsequent surge in industrial shares. US retail sales data did not have any particular effect, traders said. Volumes were better than Thursday. ABB, which published its half-year results, surprised the market with results that stimulated hopes for
        249 words
      • Article
        Johannesburg
        363 10 -35.3 South African shares moved steadily lower throughout the day in what dealers said was a technically driven correction, helped down by weak showing on Wall Street overnight. But the market was expected to resume its recent stronger trend next week, led by industrials which continued to deliver strong
        363 words
      • Article
        Untitled
        577 10 Brussels ~~""TCT" FORWARD MARKET Aitcd *****0 -tOXt Bmni A ***** -13.0 Can Pacific 510.00 11.0 < oci-Samhre Pnv IIS.00 -IX) Dt Been Col 730 00 »0 Farts AG 3225.00 100 (.B-lnno-Bn 1J3600 140 GBL 3*5000 -25.0 Geaa*r Bulk 9210.00 200 Generate Be%e 2260.00 -10.0 Gcvanl 1*7000 unrti PelroTMM T MX)
        577 words
    • Article, Illustration
      Lock icon HONGKONG
      2579 11 Bloomberg Business News HONGKONG Stocks fell to their lowest levels in almost three months amid concern that slowing profit growth will prompt US investment funds to sell. The Hang Seng Index fell as much as 2 per cent before paring its loss. Many investors were reluctant to buy before
      Bloomberg Business News; Source: Bridge Info  -  2,579 words
    • Article, Illustration
      Lock icon CHINA
      599 11 CLSA IN Hongkong, the H share index lost 18.13 points at 1,093.08 on turnover of HKS7 million. The only risers were Beiren Printing, up 3.1 per cent and Harbin, up one per cent. GZ Shipyard fell 8.1 per cent after reporting poor interims. Yizheng lost 5.6 per cent and
      CLSA  -  599 words
    • Article, Illustration
      Lock icon TOKYO
      2511 11 Bloomberg Business News TOKYO Stocks rose yesterday, led by steel and chemical makers, as gains by the dollar to a five-month high bolstered hopes for the Japanese economy, dealers said. "It's definitely the currency," said a trader, of the stock market's climb. The Nikkei Average stock rose 63.37 points
      Bloomberg Business News; Source: Bridge Info  -  2,511 words
    • Article, Illustration
      Lock icon BANGKOK
      1449 11 Reuter BANGKOK Stocks ended the day slightly lower as investors took profit after focusing on issues with good second quarter earnings. The SET Index finished 1.24 points lower at 1,330.62 on 4.09 billion baht turnover. Decliners led gainers 143 to 134 with 117 unchanged. "Nothing changed today," a broker
      Reuter; Source: Bridge Info  -  1,449 words
    • Article, Illustration
      Lock icon JAKARTA
      1165 11 Reuter JAKARTA Share prices closed higher in active trading following late foreign buying, mostly of Bakrie Brothers. The Composite Index rose 4.18 points to 519.18. •The market was relatively Siuiet in the first session but late oreign buying, mostly of Bakne Brothers, spilled over to other shares as well,
      Reuter; Source: Bridge Info  -  1,165 words
    • Article
      CLOB INTERNATIONAL
      2311 12 1993 Lm Vol Day Lart Qao* Dt* Dfc YU NM M C ar Hfch Lm Caapaay Safe CMC) H%h Low Bayer Sdfer Or P/E Sa»U MALAYSIAN STOCKS 478 196 m ABB 50c 428 unch Ml 440 428 42* 430 JO -2.9 02 4390 127 77.5 at AMDB 50c
      2,311 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks mixed as players punt on smaller issues
        6716 12 Bloomberg Business News KUALA LUMPUR Stocks were mixed as the benchmark stock index was pulled down by cable manufacturer Leader Universal and smaller stocks rose on speculation about future takeovers. Leader fell IS sen to M 58.55 with 1.7 million shares traded.
        Bloomberg Business News; Source: Bridge Info  -  6,716 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8457 13 Gf Cf M Wl IMS Laat Vd Day Laat Q«* 0*> \U NH Cm A* High Law (MfM) Sate rtN) Hitk U« fc)« Seller Cw WE Sa* PHee industrial and commercial 49« J*2 > Vttu 50c 434 u nch 61 434 450 430 434 22.3 X* 2.5 9.3 62X9 461
        8,457 words
      • Article, Illustration
        Lock icon Blue chips spurned in favour of smaller stocks
        1791 14  -  By R Sivanithy SINGAPORE Local share prices closed mixed yesterday, with blue chips unable to find favour among investors who preferred to focus their attention on the smaller capitalisation stocks. Blue chips also suffered after a weak overnight Wall Street session, during
        Charts by Bridge Info; Source: Bloomberg  -  1,791 words
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      Page 5 Advertisements Column 1
      220 5 NEWS VALUE Kotjo-Bambang group bids for LAM at $1.45 a share (Pg I) With the speculative element receding, investors will need to take a long view of the stock. Teng Fong ups YHS offer to $5.25 (pg I) Investors waiting on the sidelines will like this. Greenback surges to 5-month
      220 words
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      68 7 Profit from Mel id's corporate (ocflriws ond convenient location on Scotts Rood a few Uallrf steps to Ihe MOT and you're in the heart of Singapore's shopping and business areas. mCIIQ*DCOTTS Helid HoMes Me hi at Scom. 45 Scorn Road. Singapore 0922. Tel: *****85 Fax: *****32 AMDOMA B*A/J1 OOUMU COSTA
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      376 9 BUSINESS TIMES TOLI.-FRRR TBI.. No. 1-BQO-7AI -1883 FA X :741-1296 NOTICE NOTICE IS HEREBY GIVEN that, I LEE JOO SAN of 17 Jupiter Road Singapore 2057, have applied for a First Class Beer House Licence in respect of M/s Lee Lain Wah Restaurant located at Blk 1 Upper Thomson Road
      376 words
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      Page 9 Advertisements Column 2
      20 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      36 11 FRIDAY WEEKLY SOtT S s#p H 1 awaits lucky winners in our latest Friday Weekly in-paper games. IfIHHP IN-PAPER GAMES. HrHE m Grab youiMCopy a dniple question and satisfy a of Friday Weekly JHW HAP6D5 29SEPTP5
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      Page 14 Advertisements Column 1
      524 14 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Yan Har Joanne of Blk 336 Übi Ave 1 #06-825, Singapore 1440, have applied for a First Class Public House (Extended) Licence in respect of M/s Zouk Management Pie Ltd located at 17,19 &21 Jiak Kim Street, Singapore 0316, and that this
      524 words
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      Page 14 Advertisements Column 2
      299 14 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF RED DEER INTL(S'PORE) PTE LTD (In Membtrt' Voluntary Liquidation) At in Extraofdinary General Mating at the Member* of RED DEER INTL (STORE) PTE LTD duly convened and held at 60 Albert Street #07-10 Albert Complex Singapore
      299 words
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      Page 14 Advertisements Column 3
      241 14 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 TAX:74I -1298 NOTICE NOTICE IS HEREBY GIVEN that, I FOK PING KONG of #10-969, Blk 111, Depot Rd Singapore 0410, have applied for a Beer House, Ist Class Licence in respect of M/s Fu Qi Seafood Restaurant located at 198 A Geylang Rd Lor.
      241 words
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      Page 14 Advertisements Column 4
      348 14 NOTICE NOTICE IS HEREBY GIVEN that, I LIM KIM WAH of Blk 106 Jalan Rajah #01-98 Singapore 1232, have applied for a Beer House, Ist Class Licence in respect of M/s Lau Di Fang Restaurant located at 229 Jalan Besar Singapore 0820, and that this application will be considered in
      348 words
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      Page 14 Advertisements Column 5
      400 14 Singapore Closing Shar* Pilcm 11/08/1996 CLOM MV LOW MMN UM UM UM W LWI MrrVanii 1 1 O.MS MM Mil OJM KS M«i«ten|Lan< I.«e I.M IJt I.M EBBuSEB MNMiOriNM 1.00 1« O.MS 1.00 JMSM nn» Wrnrnmm— O.ms MI O.SM osi Published by Jar dine Fleming International Securities Limited (Incorporated in
      400 words
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  • Executive Lifestyle
    • Article, Illustration
      Taking a break from the law
      1897 15  -  They chose to study law, completed their pupillage and were called to the bar. Then they went on to pursue other careers. Susan Tsang tracks down some men and women who decided not to practise what they were trained to do Susan Tsang DICKENS
      1,897 words
    • STRAWS IN THE WIND
      • Article
        Talking point
        94 15 A SINGAPOREAN living in Hongkong wrote a letter to the Eastern Express asking why there was such a big fuss about oral sex in Singapore. "Why is it treated as a crime?," she wrote. "I think the more people engage in oral sex before marriage, the better their
        94 words
      • Article
        Great pitch
        80 15 A CANADIAN company in the funeral home business proved that having a sense of humour can work wonders. In a bid to nudge up its stock, it invited money managers to a series of luncheons where each guest received a white plastic football. On one side of the
        80 words
      • Article
        Right on target
        37 15 CLUB MED announced that it might set up a resort on Mururoa after the French government finishes its nuclear tests in the South Pacific atoll. One wit remarked: "For nuclear families only, of course."
        37 words
    • Corporate Profile
      • Article, Illustration
        Lock icon Rising Star in the East
        2102 16  -  Analysts are dancing in the dark when it conies to assessing the value of Rupert Murdoch's Asian baby, Star TV. Fionnuala Halligan asks CEO Gary Davey to shed some light on the matter Fionnuala Halligan The writer is a Hongkong-based journalist who contributes regularly to
        Photo by Tony Aw  -  2,102 words
      • Article
        Changing the face of sport
        550 16 Murdoch's investments expected to lead to pay -TV channel for sports in Asia WHILE some media barons like to buy soccer clubs, Rupert Murdoch has consistently opted to control as many sports as he can. While on the one hand pursuing a global TV'network Fox
        550 words
    • Opinions
      • Article, Illustration
        Time to split with the split infinitive rule
        939 17  -  LETTER FfCM LOUDON NEVILLE STACK The writer is a political commentator based in London. He writes regularly for BT. Everyone v\ho has had the rules of English grammar drummed into them at school has writhed in frustration when told not to write
        939 words
      • Article, Illustration
        One step closer on Spratlys
        884 17  -  Lu Ning Pact between Hanoi, Beijing to put matter on the table is significant, says Lu Ning CHINA and Vietnam have concluded the third round of bilateral boundary negotiations in Beijing. The latest round of negotiations, held between July 11 and July 13, focused on
        884 words
      • Article
        Prolonged suspension of Guthrie shares
        122 17  -  Denis Distant GUTHRIE GTS has announced that negotiations are in hand for the possible sale of its large stake in L&M but surely Guthrie's shares are not going to be suspended until the sale agreement is signed, sealed and delivered? It is inexplicable why the
        122 words
      • Article, Illustration
        New rule is an encumberance
        492 17  -  LETTERS TO THE EDITOR Lee Chuan Siang FROM next month, I must present myself at my broker's office to authorise him to use his house cheques to offset payments due to him. My earlier blanket authorisation will no longer suffice. I regard this new directive
        492 words
    • Personal Finance & investment
      • Article, Illustration
        Bulls Eye
        709 18 Those polled on their views of the Singapore stock market for the week ahead: Baring, Credit Lyonnais, Daiwa, G K Goh, Morgan Grenfell, Nomura, Phillip, S G Warburg, Smith New Court and W I Carr. Buy! Goldman Sachs (Aug 2) Mandarin Oriental International (US$l.O5). Share price performance has
        709 words
      • Article, Illustration
        In my opinion...
        372 18  -  Dr Foo Fatt Kah Research Director, Deutsche Morgan Grenfell U\T OW that we've seen some of the interim corporate results, let's look at the prognosis. Shipyard results were most disappointing we could, however, be seeing the trough in this sector at this moment. The key to higher
        372 words
      • Article, Illustration
        Clob's wait-and-see approach to KLSE scripless trading
        722 18  -  THEWEEK By Catherine Ong WHAT if Singapore stockbrokers and investors decide not to play ball when the Kuala Lumpur Stock Exchange (KLSE) rolls out its full-scale scripless trading system? Let's just imagine this scenario: What if investors on this side of the Causeway
        722 words
      • Article
        Coping without Clob: problems and strategies
        736 18  -  Investors will have to watch currency movements, decide whether to use local or M'sian dealer, writes R Sivanithy R Sivanithy UESTIONS about the I I viability of Clob International the local oveßhe-counter market on which mainjy Malaysian stocks are quoted have once again been
        736 words
      • Article, Illustration
        Lock icon Beer collectors thirst for rare bottled brew
        868 18 Bloomberg Business News BEER is better known for how quickly it's drunk on a hot summer's day than for being a prized collector's item. Still, collecting beer can offer rewards in terms of both cash and taste. It's an investment and hobby for
        Bloomberg Business News; Reuter  -  868 words
      • Article, Illustration
        The cyberspace investment bazaar
        1266 19  -  The Internet is a mine of information and misinformation on finance. Be careful before parting with any money for advice that appeals, writes Vikram Khanna Vikram Khanna RICHES are only a few clicks away. That's what some of the rapidly sprouting money gurus on the Internet
        1,266 words
      • Article, Illustration
        Lock icon Deja vu on the KL stock exchange? Look again
        654 19  -  Eye on the region: Malaysia September will be different this time round, maintains Martin French Martin French The writer is country representative for Credit Lyonnais Securities in Malaysia KEEN followers of the Kuala Lumpur Stock Exchange will recognise many similarities between
        Source: Bridge Info  -  654 words
      • Article, Illustration
        Lock icon Warren Buffett — is the computerised version better?
        1524 19  - Warren Buffett is the computerised version better? Leslie Norton tells how the investment guru's winning formula has been duplicated in a computer program, perhaps more successful than himself Leslie Norton Barrons R£LUCTANT as we are to report it, the legendary investment prowess of billionaire Warren BufTett has been successfully imitated
        Barrons  -  1,524 words
    • Article, Illustration
      Lock icon Designer furniture with a difference
      800 20  -  Corinne Kerk meets Lim Choon Hong, the man behind the upmarket X.tra Living furniture snop at Park Mall Corinne Kerk AT X.tra Living, the shapely, Gaudiinspired dining set beckons the shopper, its curved, fluid legs supporting a simple cherry wood top, set off dramatically by
      Photo by Chris Loh  -  800 words
    • Article
      Hopelessly addicted to the Net
      739 20  -  Web Sights By Margaret Thomas OH NO. it's happening. They said it would, and it has. We're getting snared by the Net. and we're loving it. The other night, after chatting a while with another guest at a dinner. I asked her. "Are you on
      739 words
    • Article, Illustration
      Lock icon Creatures of sea and sky Creatures of sea and sky
      1127 20  -  P Y Van goes diving at Layang-Layang and also checks out the bird sanctuary on the island P Y Van The writer is a freelancer who contributed this article to Executive Lifestyle BE IT midlife crisis or a manifestation of
      Photos by P Y Van  -  1,127 words
    • Article, Illustration
      Another dismal Batman outing
      945 21  -  O>NA|M <% Dauiauj vIIMIImI nCVWW By SHAHIRON SAHARI FOR THE next Batman movie, if there is one, the producers should get someone like Frank Miller to write the story and a director like Ridley Scott to call the shots. Such a move might just save this
      945 words
    • Article, Illustration
      Unwieldy composition
      586 21  -  By CORINNE KERK "LUDWIG Van Beethoven was a superstar of his age. To match his fame in the 20th Century, you would need to be the impossible mix of major actor, international rock star and influential writer." So say the production notes of Immortal Beloved. The trouble is,
      586 words
    • EPICURE
      • Article
        Mediterranean alternatives
        759 22  -  1,,,, ,y son Appetn By JAIME EE THEY SAY that every cloud has a silver linand it probably couldn't be more true than at Le Meridien Singapore, which recently closed down one of the city's last few bastions of formal French dining, the Restaurant de France. Having Anally
        759 words
      • Article, Illustration
        Food fit for a nawab
        546 22  -  By HARISH MEHTA THEY TAKE their mutton kebabs, biryanis, and kormas very, very seriously in Lucknow. What they take even more seriously are their chefs. Lucknow-born chef Abdul Salaam Qureshi, whose gifted ancestors cooked for the nawabs of yore, is here for the first-ever Lucknow
        546 words
      • Article
        A common sense guide to wine tasting
        747 22  -  Wine By N K YONG WINE TASTING is sometimes made to look quite esoteric, accessible only to a gifted few. Nonsense. We all taste everyday as we eat and drink our way through life. You do not need to be a wine expert
        747 words
    • PEOPLE
      • Article, Illustration
        Star Cruise's 5th ship calls at Port Klang
        195 22 THE Superstar Gemini made its first call at Port Klang on July 21. The M$2SO million (S$ 141.2 million) 19,000 tonne Superstar Gemini, formerly known as Cunard Crown Jewel, is the fifth vessel to join Star Cruise. It was built in 1992
        195 words
    • Article, Illustration
      CINEMA
      1060 24 Batmaa Forever. The new Batman Val Kilmer adopts a kid (Chris O'Donnell), and gives him a special suit too. The dynamic duo come up against two villains, the Riddler (Jim Carrey) and TwoFace (Tommy Lee Jones). Nicole Kidman provides a little feminine distraction. Lido. Capitol: 11; 1.30; 4; 6.30;
      1,060 words
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      211 15 @{%{%"/,+%.;`%|<@;:-~{>>[@[^-%: •*> W ft* r«- "1 In-Depth Business News from I Singapore pEpSi Perspective l For over two decades Singapore Business hascoveredthelocalandregionalbusiness scenes with more depth and breadth-from I Occupation: a perspective which is more relevant to J Company 1 local businessmen than any other oept A9 1 publication. Some
      211 words
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      10 17 To cracfc the or f nfea£fi& itde-Games on 1900-911-0005, at
      10 words
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      Page 17 Advertisements Column 2
      12 17 Readers' letters are welcome but please note that the deadline is Thursday
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      355 17 BUSINESS TIME.S NOTICE NOTICE IS HEREBY GIVEN that, I LOH JUI SENG of Block 215 Toa Payoh Lor. 8 #10-725 Singapore 1231, have applied (or a Retail Liquor Shop Licence in respect of M/s Pasar 24 Mini-Mart located at No. 25 Lorong 16 Geylang Road Singapore 1439, and that this
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      Page 17 Advertisements Column 4
      257 17 mmiFwm'w Come and enjoy as much as you can For reservations, r ealand for as link as $14.90 per please call *****28 W person. Our spread includes fresh ext 2384/2390 QLufftn oyster, from New Zealand, a lar*e rrica^amto% selection of your favourite ASEAN dishes, one of the juiciest carving rmaOmt
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  • Page 17 Miscellaneous
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      38 17 (oxxd PROCESSORS. UMNT'S THEV *>} /ueuL.KMSS LaPue COMPUTERS? J PROCCSSORS, u —M~ ewces computers. hfey X ojmacwMwuwMnw.wmn fcA ***** POONESBURY GARRY TRUDEAU l~ ■■■1 m,albK! MSL*e BQBHBm B HOiV'P OMAJES ACTUALLY HAPPENING TO U6' if O£LL,7HAT\ SCHOOL L FB
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  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      16 22 thefascinm^gbI^ii^oftime... Numbered, limited edition chronometers 30.0010.682 >•!• Ag«nt: CRYSTAL TIMS |S| PTB LTD T*l: 747 Ref. 30.0033.680
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      Page 22 Advertisements Column 2
      60 22 Set Lunch Buffet Lunch High Tea Mon to Sat Sun Pub Holiday Sat, Sun adult Pub Holiday $10.00*" child $9.00"* Buffet Dinner $14-50 w adult $10.00"* child wf Paramount Holcl Kids' Stories r j For a fun time of songs w] stories, call kids' stories (Mandarin Service). W M Cost:
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      931 23 fumY™ Ifcl i I j i?Tr!TTnicJ:'JJW WHERE TO WINE, dine and entertain i DIALECT HI-TEA 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
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      Page 23 Advertisements Column 2
      326 23 Heavenly Mooncakes at Mandarin Singapore From 6th August till 9th September Savour this year's divine creation, the Shandong Mooncake. Traditional favourites like our famous Golden Ingots, snow skin mooncake and 7 stars with white lotus paste are also available. Win lots of valuable prizes in our Grand Lucky Draw, too.
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  • Page 24 Miscellaneous
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      2378 24 TODAY'S TV 7.00 Berita Semasa, ABN. !m ,su Semasa. Jane Eyre, Ch 12 Eight Thousand Miles, 11.30 am, g3O l^^SL,. This Stevenson 10.30 Biker Mice. takes a Gothic Xinhua Cun, 11-00 Berita Semasa. Charlotte wine; Wang £0 11.30 Superboy. childhood under Henry Zhaojun in Hubei is 12.00 NN B«nta Jam
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