The Business Times, 19 August 1995

Microfilm: NL20017
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    15 1 SINGAPORE Business Times WE KNOW ASIA MITA(P) 194/12/94 Weekend Edition, August 19-20 1995 85 c
    15 words
  • Article
    Brokers, finance firms wary of financing Clob shares
    636 1  -  By Conrad Raj SINGAPORE Many financial institutions here, including stockbroking firms and especially finance companies, are having cold feet about financing Malaysian shares traded on Clob. This follows the uncertainty arising from the Kuala Lumpur Stock Exchange's move to accelerate its plans
    636 words
  • Article
    Untitled
    164 1 Stock market indices Friday Change STII 2,104.38 +28.81 KLSEComp 1.028.33 +8.39 Nikkei 18.032.49 -117.21 Hang Seng 8.89S.82 -0.84 SET Index 1,320.91 -19.61 Jakarta Comp 500.65 -9.73 Manila Comp 2.840.41 +11.81 Taipei WPI 4.830.34 4.56 Seoul Comp 906.09 +4.08 Bombay BSE30 closed CLSA China B 862.01 +3.22 Aust All Ord 2,102.0.
    164 words
  • Article
    Scripless trading shouldn't affect M'sia-S'pore ties: Anwar
    343 1  -  From Quak Hiang Whai in HONGKONG THE implementation of scripless trading by the Kuala Lumpur Stock Exchange should not surface as an issue in the relations between Malaysia and Singapore, said Malaysian Deputy Prime Minister Anwar Ibrahim yesterday. This point was made by
    343 words
  • Article
    Japan vows to keep pushing down rates till recovery
    447 1  -  From Anthony Rowley in TOKYO THE Bank of Japan yesterday pledged to maintain its policy of guiding market interest rates downward until such time as the country's economy shows tangible signs of recovery. An official at the central bank cautioned that
    447 words
  • Article
    Lock icon Dow dips 1.76 points
    67 1 Reuter NEW YORK Blue-chip stocks drifted lower yesterday as the strong dollar continued to pressure the shares of multinational companies, while the Nasdaq market edged higher. The Dow Jones index fell 1.76 points to 4,632.39 at 2 p.m. EDT. In the broader market at 1 pm
    Reuter  -  67 words
  • Article, Illustration
    MI5's former London headquarters up for sale
    329 1  -  By Michelle Low SINGAPORE The former headquarters of the British intelligence service MIS is up for grabs in what could be the most keenly contested property sale in London. The sombre, bomb-proof building at 1, Curzon Street in the Mayfair area of the
    329 words
  • Article, Illustration
    Lock icon Oxygen on the house for Dalian traffic cops
    147 1 Reuter BEIJING The owner of an "oxygen bar" in China's northeastern city of Dalian is offering free doses to traffic police who spend all day breathing the city's noxious carbon-monoxide lumcs, Xinhua news agency said yesterday. The owner of the oxygen bar
    Reuter  -  147 words
  • Article, Illustration
    Lock icon S$ firms against greenback
    145 1 SINGAPORE The local dollar fell more than a cent to an intra-day low of S$ 1.4325 against the US dollar yesterday before firming to end at S$ 1.4273 but still 0.73 of a cent higher than the previous day's Asian close of 5J1.42. A dealer said
    Source: Bloomberg  -  145 words
  • Article
    STII regains 2,100 mark in good volume
    175 1 SINGAPORE The Straits Times Industrials Index yesterday rose strongly for the second consecutive day, this time regaining the 2,100 mark in good volume. After rising 22 points on Thursday, the STII yesterday gained a further 28.81 to round off the week at 2,104.38.
    175 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      Property sector likely to drop use of district numbers
      407 2  -  Change in postal codes ■y Agnes Wee THE property sector is likely to drop the use of district numbers to describe properties when Singapore Post implements six-digit postal codes on Sep 1. Real estate developers, consultants and brokers will then switch
      407 words
    • Article, Illustration
      S'pore Post to start new six-digit postal codes on Sep 1
      418 2  -  ■jr Teh Hooi Ling FROM Sep 1, every building in Singapore, including individual houses, will have a unique six-digit postal code with the further automation of Singapore Post's (SP) mailing system. SP said yesterday the move was to pave
      418 words
    • Article, Illustration
      Singapore banks eye Thai industrial sector for loan syndication
      446 2  -  to Siow Li Sen SINGAPORE banks have reloan syndication activities on Thailand's corporate/manufacturing industry because of saturation in the Thai financial sector, said Overseas Union Bank (OUB) officials. "The Thai corporate/manufacturing sector offers a tremendous market for corporate financing with their
      446 words
    • Article
      Fortunes of S'pore, HK as forex centres seen as linked
      166 2 IT DID not matter whether Singapore or Hongkong was the biggest foreign exchange centre in the rejpon, Forex Association of Singapore president Eddie Tan yesterday. If one suffered, the other would also suffer. For instance, if Hongkong suffered because of
      166 words
    • Article
      Compaq Asia cuts prices on business PCs by up to 21%
      344 2 IN A move that looks set to spark off a price war that should benefit businesses looking to upgrade their computer systems, market leader Compaq Computer Asia yesterday slashed its prices by as much as 21 per cent. The
      344 words
    • Article
      Lock icon IBM slashes prices by 26% on some corporate PCs
      183 2 NYT ARMONK, New York International Business Machines Corp said it will cut prices on some of its personal computers aimed at the corporate market by as much as 26 per cent. The price cuts, just a day after top-selling PC maker
      NYT  -  183 words
    • Article
      President Ong to leave on Monday for state visit to China
      282 2 PRESIDENT Ong Teng Cheong will leave on Monday for an eight-day state visit to China at the invitation of his counterpart Jiang Zemin. Delegation members will include Mrs Ong, Senior Minister Lee Kuan Yew and Mrs Lee; the Minister
      282 words
    • Article
      Telecom phone unit bags US technology award
      130 2 SINGAPORE Telecom's mobile phone subsidiary MobileLink has won an award for artificial intelligence technology. The award, from the American Association for Artificial Intelligence, is in recognition of a frequency management system called Autocdl. This was developed jointly by Mobile Link and the National
      130 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      591 2 (SviKAY VIKAY INDUSTRIAL LTD I (Incorporated in the Republic of Singapore) INTERIM RESULTS FOR THE HALF-YEAR TO 30 JUNE 1995 Th* DkMfl amounc* «w Mowing- 4 *i?t< UNAUDITED RESULTS FOR THE HALF YEAR TO WTH JUNE IMS 30/06/95 30/06*4 Increase/ SS *000 SS'OOO Decrease^) Company Group Company Group Company Group
      591 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
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      382 words
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  • THE REGION
    • Article
      Thai King raps Banharn govt for politicising traffic crisis
      399 3  -  From Loh Hui Yin in BANGKOK IN UNUSUALLY blunt remarks, Thai King Bhumibol Adulyadej has rapped the Banharn government for politicising the traffic crisis and failing to offer a comprehensive solution for it. King Bhumibol, who was addressing a group of
      399 words
    • Article, Illustration
      Lock icon Australian, Philippine firms sign deals worth A$2b
      395 3  -  From Florence Chong in SYDNEY AUSTRALIAN and Philippine companies yesterday signed business deals worth some AS2 billion (Ss2.l billion), witnessed by visiting Philippine president Fidel Ramos. The largest deal was between Lend Lease and East Asia Power of the Philippines to restructure and
      Reuter  -  395 words
    • Article
      Lock icon Japan's land prices fall for third year: tax agency
      194 3 AFP TOKYO Japan's benchmark land prices fell in 1994 for the third straight year, following the overheated speculative investment boom in the late 1980s, the National Tax Administration Agency said yesterday. The average price of land lots along major roads across
      AFP  -  194 words
    • Article
      Lock icon Shanghai's economy grew 13.3% in first half
      359 3 AFP SHANGHAI Shanghai posted an economic growth rate of 13.3 per cent in the first half of the year but the economy continues to labour under inflationary pressure and poor efficiency, news reports said yesterday. The reports quoted Mayor Xu Kuangdi as saying
      AFP  -  359 words
    • Article
      Lock icon Taiwan's economy slips to 6.5% growth in second quarter
      196 3 AFP TAIPEI Taiwan registered an economic growth rate of 6.5 per cent for the second quarter ended in June, down from 7 per cent in the first quarter, according to official statistics released yesterday. The rate for the first half was
      AFP  -  196 words
    • Article
      Lock icon China withdraws licences of illegal firms in nationwide crackdown
      255 3 AFP BEIJING China withdrew the licences of 70,720 domestic Arms and 2,490 joint ventures in the first half of 1995 after they were found to have illegally breached their registered status, a report said yesterday. During a nationwide investigation of suspicious
      AFP  -  255 words
    • Article
      Lock icon Malaysia to focus on developing industrial clusters
      199 3 AFP KUALA LUMPUR Malaysia yesterday said it would develop industrial clusters of suppliers and producers to cut imports and boost local production over the next decade. Having spent the past decade wooing foreign investors, the next 10 years of the postIndustrial Master Plan
      AFP  -  199 words
    • Article
      Lock icon Malaysia's motor vehicle output trebled in first half
      324 3 AFP KUALA LUMPUR Malaysia revved up a 195 per cent increase in the output of motor vehicles in the first half-year, but made no significant progress in the development of engineering and design, a minister said yesterday. "Already the industry has made
      AFP  -  324 words
    • Article
      Lock icon Tenaga moves to boost service
      93 3 Reuter KUALA LUMPUR Malaysia's state-owned power firm Tenaga Nasional Bhd is to make radical changes to improve its service after a barrage of criticism from consumers and the government, Bernama news agency reported. Tenaga will combine its generation, transmission and distribution divisions into a single
      Reuter  -  93 words
    • Article, Illustration
      Lock icon Ramos urged to convene food summit
      63 3 AFP MANILA A prominent Filipino industrialist yesterday urged President Fidel Ramos to convene a food summit to tackle shortages in rice and basic foodstuffs. Raul Conccpcion also announced the reactivation of a private sector-led consumer watch to monitor the prices of basic foodstuffs like
      AFP; Reuter  -  63 words
    • Article
      Lock icon Over 4,500 foreign firms in Shanghai
      81 3 Bernama SHANGHAI Shanghai now has more than 4,500 overseas enterprises, according to statistics collected by the Shanghai Multinational Corporation Research Institute. These enterprises have US$5.2 billion (557.2 million) in investments, according to the statistics. The state-owned multinational corporations and groups arc performing impressively, said
      Bernama  -  81 words
    • Article
      Lock icon China to boost bad debt fund
      84 3 Reuter SHANGHAI China will expand the size of its fund to mop up bad debts as a result of bankruptcies to 15 billion yuan (Ss2<s billion) by the end of this year from seven billion at the end of l|kt year, the Shanghai Securities
      Reuter  -  84 words
    • Article
      Lock icon S Korean chip exports to hit US$20b
      96 3 Knight-Ridder SEOUL Exports of South Korean semiconductors will exceed US$2O billion (Ss2B billion) by the end of this year, the Korea News Review magazine. If the projection is borne ofc, the magazine said, it would be the first time that Korean exports of
      Knight-Ridder  -  96 words
    • Article
      Lock icon China expects 44m tourists this year
      57 3 Reuter BEIJING The number of foreign tourists visiting China d|{s year is expected to rise to 44 million from 43.7 million last ye4f, the People's Daily reported. The tourists arc expected to generate USSB billion (SSI 1 billion) in foreign exchange earnings this yefr
      Reuter  -  57 words
    • Article
      Lock icon Olympic village may cost Aussie taxpayers US$222m
      206 3 UPI SYDNEY Taxpayers face a potential bill of more than US$222 million (553!5.24 million) for the construction of the Sydney 2000 Olympic Games village, the government said yesterday. The warning to taxpayers came after the New South Wales state government called for private
      UPI  -  206 words
  • Page 3 Advertisements
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
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      62 words
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  • REGION/WORLD
    • Article
      Lock icon BOJ maintains economy is stalling despite yen's fall
      560 4 Bloomberg Business News Reuter TOKYO Japan's central bank is sticking to its official view that the nation's economy is stalling, despite the yen's recent plunge against the dollar and the dramatic rally in Tofcyo share prices. Officials at the Bank of Japan
      Bloomberg Business News; Reuter  -  560 words
    • Article
      Lock icon Slowdown in profits, sales and jobs growth worldwide: survey
      277 4 Bloomberg Business News LONDON Profits, sales and employment growth are slowing in almost every area of the world economy, according to Dun Bradstreet's latest survey of international business expectations. The slowdown in world demand is also dampening global inflation pressures, the
      Bloomberg Business News  -  277 words
    • Article
      Lock icon US Justice Department may file charges against Nasdaq dealers
      285 4 AP NEW YORK The US Justice Department's anti-trust division has told big Nasdaq Stock Market dealers that its investigators believe they have enough evidence to bring price fixing charges against them and has pressed them to begin talks about a joint
      AP  -  285 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1506 4 AIRCRAFT ARRIVALS DEPARTURES atg nw< eta nm n» QF81 1930 Of82 2065 kmmm RJ187 0130 ImMh SQ25 1215 GA890 0205 KL837 1450 KL838 2300 SQ324 2330 NZ21 1735 NZ22 1920 SQ286 2Q40 MNm B421 1106 SQ182 0915 SQ181 1410 H422 1210 BM27 1720 B428 1820 ■Mi— MZ906 1150 MZ907 1250
      1,506 words
    • Article
      Lock icon Cosmo lenders to forgive 60% of loans
      324 4 AP TOKYO The major lenders to a defunct Japanese credit union have agreed to forgive 60 per cent of their loans, a Finance Ministry official said last night, marking a major step in a clean-up plan. The six lenders, including four of Japan's
      AP  -  324 words
    • Article, Illustration
      Lock icon Clearing the air
      66 4 AFP BEIJING Authorities testing exhaust emissions from a passing track, in an effort to improve air quality before the Fourth World Conference on Women. The conference opens in Beijing on Sep 4. Police pulled over cars and trucks for random testing, charging 20 renminbi (553.40) if emissions
      AFP  -  66 words
    • Article
      Lock icon Court convicts Germany's first insider trader
      241 4 Reuter FRANKFURT Germany's securities watchdog showed its teeth yesterday, announcing the first prosecution and conviction for insider trading in Germany. The Bundesaufsichtsamt Juer den Wertpapierhandel, set up last year in sweeping legislation to tighten lax supervisory laws, said the conviction followed a probe into
      Reuter  -  241 words
    • Article
      Lock icon UK govt clears way for Merrill-Smith merger
      98 4 Bloomberg Business News LONDON The UK government said it would not refer Merrill Lynch Co's takeover bid for Smith New Court pie to the Monopolies and Mergers Commission. The announcement by the Secretary of State for Trade and Industry clears the way for
      Bloomberg Business News  -  98 words
    • Article
      Lock icon Rhone-Poulenc offer too low for Fisons
      114 4 AFP LONDON British pharmaceutical group Fisons announced yesterday it was rejecting a £1.7 billion (553.7 billion) bid by Rhone-Poulenc Rorcr Inc, the US drugs subsidiary of France's Rhone-Poulenc. Fisons said the unsolicited bid "seriously undervalues" its shares and the board is "strongly" advising shareholders
      AFP  -  114 words
    • Article
      Lock icon China N-test won't affect decision on Hillary trip
      90 4 AFP JACKSON HOLE, Wyoming Despite regret about China's nuclear test, the White House says it will not affect First Lady Hillary Clinton's decision to attend an international women's conference in Beijing. China carried out its second nuclear test this year on Thursday
      AFP  -  90 words
    • Article
      Lock icon SBC Warburg will have 1,000 fewer workers
      73 4 Reuter ZURICH SBC Warburg, the investment banking arm of Swiss Bank Corp (SBC), said yesterday its workforce would shrink by more than 1,000 as a result of redundancies and staff quitting voluntarily. Eva Tschudi, associate director of SBC Warburg Corporate Communications, said SBC
      Reuter  -  73 words
    • Article
      Lock icon Citibank disputes sum hacker took from corporate accounts
      211 4 Reuter LONDON Citicorp's Citibank, one of the world's largest banks, denied yesterday that a Russian computer hacker broke into its security system and removed US$2.B million (553.98 million) from corporate client accounts. During an extradition hearing in London on Thursday, the US
      Reuter  -  211 words
    • Article
      Lock icon German property tax laws against constitution?
      123 4 Reuter BONN Germany's highest court ruled yesterday that property tax laws were partly unconstitutional because they treated real estate more favourably than cash and other assets. The Constitutional Court in Karlsruhe said this was unfair and ordered the government to devise fairer rules by
      Reuter  -  123 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      72 4 POONESBURY GARRY TRUDEAU I I MYSUf UJOULPLOVe 7DHAVB NE6TTTI^BUZZ WUHEAR. IS A9TRAH6LEHOLPONAUJHOIS A9SOUJJEVT. A LOT OF TT$ JEALOUSY. I INDUSTRY. TVE OFTEN fANTA- THAT* MHOU/OULPNTMANTTOOE fe ZZEP ABOUT6ETTIN6 THAT i MfNYOUVZ AW MNPOtUS, RULES! STTTING (OHEREGAIESIS* LT HRST PHONE CALL FROM THE- ARRJVEPf C_ _J wrnucw oetfrn 11|||| 11 THarScxtuvJ
      72 words
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  • COMPANIES & MARKETS
    • Eye on your Stock
      • 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
        99 5  -  By Paul Leo TAKE profit on Hcshe Holdings soon. Yesterday's 4.5 cents rise to 46.5 cents on a strong volume of 17 million units five times more than the 10-day average of 3.29 million shares is typical of a "blow-ofT'. Further gains are limited to resistance at 50
        99 words
    • Article
      F&N Coke to shift KL factory to new, bigger US$60m plant
      365 5  -  By Michelle Low SINGAPORE Fraser Neave (F&N) Coca-Cola will spend US$6O million (SsBs million) on a massive new bottling plant at Shah Alam, Selangor, that will raise its Malaysian capacity by about 30 per cent. It is relocating its
      365 words
    • Article, Illustration
      Lock icon Kua sells Econ shares for $4.8m profit
      256 5  -  By R Sivanithy SINGAPORE Real estate magnate Kua Phek Long, who barely two weeks ago bought into listed construction firm Econ International, yesterday announced that he has sold out for a $4.8 million profit. In a letter to Econ, Mr Kua said he
      Source: Bloomberg  -  256 words
    • Article
      Takeover bonanza for corporate finance industry
      420 5  -  By Shiv Taneja SINGAPORE With four takeovers in the works, corporate finance dealmakers in Singapore have not had it so good for years. Analysts say it is rare in the Singapore context to have so many deals going on simultaneously. "Given that the hit
      420 words
    • Article
      CWT Distribution's China venture begins operations
      189 5 SINGAPORE Logistics company CWT Distribution Ltd yesterday announced that Fuzhou Harbour CWT Co Ltd (FHCWT), its first venture in China, officially opened on Wednesday. FHCWT is a joint venture between CWT and the Fuzhou Harbour Container Corporation, a wholly-owned subsid- iary of Fuzhou Harbour
      189 words
    • Article
      IPC's prospects look good for near feature
      837 5  -  HOCK LOCK SIEW By David Mok SINGAPORE Was the sell-off of IPC shares yesterday justified? Investors were reportedly rattled by the computer company's fall in net profit margins in the first half of the year, and talk of an impending price war in
      837 words
    • Article
      Cam Mechatronic pulls out of PNG gaming venture
      311 5  -  By David Mok SINGAPORE Component manufacturer Cam Mechatronic has pulled out of a plan to enter into gaming operations in Papua New Guinea, but is still interested in going into similar ventures in other countries. The mainboard-listed firm said it would not
      311 words
    • Article
      ST Aerospace's Shenzhen aircraft repair tie-up called off
      131 5 SINGAPORE Singapore Technologies Aerospace and its three partners, including Changi International Airport Services, have decided to end their joint-venture aircraft repair centre at Shenzhen Airport. ST Aerospace said in a statement yesterday that the intended objective for setting up the Shenzhen Aircraft
      131 words
    • COMPANIES
      • Article
        STA net profit down $21,000 in first half
        158 6 SINGAPORE Singapore Technologies Automotive (STA) hoisted sales 21 per cent to $81.5 million in the first half of this year, but net profit was down $21,000 to $5.7 million. Releasing its interim results yesterday, STA said it expected sales and profit to
        158 words
      • Article
        Vikay posts 8% fall in interim profit
        208 6 SINGAPORE Vikay Industrial has reported an 8.2 per cent drop in interim net profit to $1.08 million, despite a 36.8 per ccnt jump in group turnover to $48.8 million. The LCD maker said yesterday the drop in profit in the six months to
        208 words
      • Article
        Sing Investments earnings up 23%
        90 6 SINGAPORE Sing Investments and Finance yesterday announced a 22.8 per cent increase in interim net earnings to $1.8 million. Group operating revenue in the six months to June 30 increased 35.3 per cent to $15.16 million. But there was an investment loss of $143,000, due
        90 words
      • Article
        Major Kim Eng shareholder sells shares
        59 6 SINGAPORE Kim Eng Holdings announced that one of its substantial shareholders, James Sec Lop Fu, sold off one million shares at an average price of $1.30 per share on Aug 15. This reduced his stake in the company's issued share capital from 11 per
        59 words
      • Article
        Corrections and clarifications
        39 6 IN OUR report 'Sembawang interim earnings dive 28%' yesterday, pre-tax profit of the group's shipyard division rose by 6.5 per cent to $23 million and not $206.5 million as reported. We are sorry for the error.
        39 words
      • Article
        Lock icon Sime Darby to trim cocoa trading and focus on palm oil
        152 6 Knight-Ridder SINGAPORE Malaysia's Sime Darby will trim its cocoa trading operations by the end of 1995, with trading continuing "but on a small scale", according to industry sources. Falling Malaysian cocoa output and poor profits were the main reasons
        Knight-Ridder  -  152 words
      • Article
        Nomura to double funds managed in S'pore by 1998
        363 6  -  By Soh Tiang Keng SINGAPORE Japanese investment banking and securities giant Nomura plans to double its funds under management in Singapore to US$lO billion (5514.3 billion) within two years. Unveiling the group's plans in Singapore for the next few years, Tetsu
        363 words
      • Article, Illustration
        Mulu resort to start operations in 18 months
        442 6  -  From Abdul Hadhi in MULU, Sarawak RSP Architects Planners Engineers, which is preparing itself for Singapore's first public listing of an architect firm, expects its unique deluxe resort here to be fully operational with 188 rooms in 12-18 months. The firm has
        442 words
      • Article
        Maybank takes central bank cue, ups rate to 7.15%
        295 6  -  From Ho Kay Tat in KUALA LUMPUR MALAYSIA'S biggest bank, Malayan Banking Bhd, yesterday took a cue from the central bank's money market operations this week to nudge its base lending rate (BLR) a shade higher. Maybank said it was raising
        295 words
      • Article
        Genting, casino unit post flat results for first half
        329 6  -  From Ho Kay Tat in KUALA LUMPUR BLUE-CHIP leisure group Genting Bhd and its casino operating arm, Resorts World Bhd, have both posted disappointingly flat profits for the half-year to June 30, 1995. Resorts also said the big landslide at the
        329 words
      • Article
        AMMB to issue 50m call warrants on Renong
        286 6  -  -By Ho Kay Tat KUALA LUMPUR ArabMalaysian Merchant Bank Bhd (AMMB) yesterday said that it would offer SO million Renong Bhd call warrants for sale at M 51.49 (85 Singapore cents) apiece. This makes Renong the second company on which call warrants
        286 words
      • Article
        Untitled
        531 6 HhMSM' prioM Aug 19 A 21 Mendaki Or fund 1.03 1 06$ TmI US Cr Fund I II 1.15 s ThSImL T5 164 UOt Ass«t Mgt Ltd The Savings Fund I SO 1.59 Unifend 1.43 1.49 S-pore Prog Fund 0.62 066 Unibond 1.06 I (MS S pore See Fund 0.91
        531 words
      • Article
        Acer sees revenue from its consumer electronics at US$300m in 5 years
        298 6  -  By David Mok SINGAPORE Acer Computer International, which will soon float its shares on the Stock Exchange of Singapore, expects its new consumer electronics business to generate revenue of as much as US$3OO million (***** million) in five
        298 words
      • Article
        Aztech's head of research resigns
        189 6 SINGAPORE Aztech Systems' head of research and development, Christopher Chia, has resigned to rejoin the public sector just 10 months after taking up the post at the Sesdaq-listed firm. Dr Chia, a well-known figure in the local IT industry, was formerly the director of the
        189 words
      • Article
        Higher hotel rates, rentals boost Shangri-La's profit
        414 7  -  From Quak Hiang Whai in HONGKONG HONGKONG-listed ShangriLa Asia Ltd has lifted net profit for the six months to June 30 by 26.8 per cent to HK5367.8 million (Ss6B million), boosted mainly by higher occupancy rates and improved rentals in its hotel and
        414 words
      • Article
        Lock icon Pearson's interim profit slumps 27% as key markets feel pinch
        367 7 AFP LONDON British media group Pearson, which owns the Financial Times business daily, yesterday reported a 27 per cent drop in first-half profit due partly to "less than buoyant" conditions in its key markets. Pearson, which also owns Les Echos
        AFP  -  367 words
      • Article
        Lock icon Colliers Jardine forms Indian property venture
        126 7 AFP BOMBAY Colliers Jardine Asia, a subsidiary of the Hong-kong-based Jardine Matheson group, and two Indian firms have set up a real estate and property consultancy services company, a newspaper said yesterday. The Economic Times said Colliers Jardine Asia would hold a 70 per
        AFP  -  126 words
      • Article
        Three replaced as top HK brokers on falling turnover
        329 7 HONGKONG Falling turnover and fierce competition will mean dramatic changes to the Stock Exchange Council's largest 14 brokerages, the South China Morning Post reported yesterday. HSBC's Wardley, Sun Hung Kai and HG Asia have been knocked out of Category A in
        329 words
      • Article
        Lock icon Auditors query HK$296m in loans, deposits by Ming Pao
        278 7 Bloomberg Business News Reuter HONGKONG In what analysts described as an unusual move, auditors have queried HK5296.22 million (Sss4 million) in loans and deposits reported by newspaper publisher Ming Pao Enterprise Corp in its results for the year ended March 31.
        Bloomberg Business News; Reuter  -  278 words
      • Article
        Lock icon Microsoft asks court to okay settlement
        81 7 Bloomberg Business News WASHINGTON Microsoft Corp on Thursday urged a federaf judge to approve the company's antitrust settlement with the government, opposing a call to broaden the terms of the agreement to cover a corporate software product. In a court filing, Microsoft said a
        Bloomberg Business News  -  81 words
      • Article
        Lock icon Dell's profit jumped 128% in 2nd qtr
        84 7 Reuter AUSTIN Dell Computer Corp said on Thursday that record sales enabled it to more than double its profit in the second quarter. Its net income soared 128 per cent to US$65.l million (5593.2 million), or US$l.32 a share, from US$2B.6 million, or
        Reuter  -  84 words
      • Article
        Lock icon Pioneer posts 1.8b yen loss
        70 7 Bloomberg Business News TOKYO Pioneer Electronic Corp said the strength of the Japanese yen and slumping sales worldwide of its audio and video products pushed it into the red in the three months ended June 30. Its consolidated net loss was 1.815 billion yen (5526.5
        Bloomberg Business News  -  70 words
      • Article
        Lock icon New China bank eyes offshore business
        85 7 Reuter HAIKOU China's newest bank formally began operations yesterday, hoping eventually to conduct offshore banking and seek a domestic listing on the stock market, bank officials said. Hainan Development Bank is a commercial stockholding bank with registered capital of 1.677 billion yuan (*****.26 million),
        Reuter  -  85 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        608 7 Vessel Voy No Berth Arrival Departure (SntSfwaTc 1/95 J1 alongside 1908/1300 (BT) Mom Satu 1/% J1 alongside 1908/1800 (BT) Kernbak Jaya 1/95 J1 alongside 19.08/1000 (BT) Lestan 4/95 11 alongside 19.08/2300 (BT) «ia»a 2/96 J1 alongside 19.08/1730 Mana Jaya A87 J8 alongside 19.08/0500 Flora 713 117/18 alongside
        608 words
      • Article
        CONTAINER SCHEDULES
        1212 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Rtcord Booking/Balance Rsits Vty He Ett>/«r Fiw T> Fww Aa Swan 1838 20/1800 2B 18/1700 19/0659 19/0900 4 19/1200 19/1459 19/1700 Aka Bhum 215S 20/0700 IB 18/1500 18/1659 18/1900 3 19/0700 19/1159 19/1400 4 19/1200 19/1459 19/1700 Antwerpen 350 20/1130
        1,212 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Bank refinancing in 2nd qtr sign of buoyant markets
        368 8 Bank for International Settlements report Reuter ZURICH Bank refinancing of mergers and acquisitions marked surprisingly buoyant international financial markets in the second quarter of 1995, the Bank for International Settlements (BIS) said yesterday. Syndicated credits of U5574.9 billion (S$ 106.4 billion)
        Reuter  -  368 words
      • Article, Illustration
        Bullish outlook for US dollar
        388 8 DBS Bank weekly currency review US$/DM: 1.5675 likely if 1.4940 breached The greenback dipped briefly to 1.4298 on Tuesday before buying intervention by four major central banks raised it to a high of 1.4940. It then corrected to 1.4650 before settling to trade around 1.4775
        388 words
      • Article
        Lock icon US' biggest rice seller to raise junk debt for global expansion
        495 8 Bloomberg Business News HOUSTON Rice is the world's top-selling grain and American Rice Inc wants to become the world's top rice seller. Houston-based American Rice whose Comet, Adolphus and Blue Ribbon brands make it America's No 1 marketer of
        Bloomberg Business News  -  495 words
      • Article
        Lock icon NY Fed, trade groups unveil trading conduct code
        322 8 Bloomberg Business News NEW YORK The Federal Reserve Bank of New York and six Wall Street industry groups unveiled a set of trading practices that leaves clients to decide if they understand the risks they take when they do business with Wall
        Bloomberg Business News  -  322 words
      • Article
        Lock icon First global forex clearing house starts operations
        150 8 Reuter LONDON The first global clearing house for interbank foreign exchange contracts the Exchange Gearing House Ltd (Echo) began live operations yesterday. Echo, designed to manage the risks inherent in forex settlements, was set up in 1992 when a group of 15 major
        Reuter  -  150 words
      • Article
        Lock icon Trading in derivatives falls 9%
        290 8 Reuter ZURICH Trading in financial derivatives contracted in the second quarter of 1995 as markets calmed, the Bank for International Settlements (BIS) said yesterday. In its latest report on banking and financial markets, BIS said turnover of financial futures and options on exchanges fell 9
        Reuter  -  290 words
      • Article
        Crude oil futures rise on 'unusual' Iraqi troop activity
        292 8 NEW YORK Crude oil futures rose after the Pentagon said it's monitoring "unusual" military activities in Iraq and readying US troops, ships and supplies in case it decides to act. US intelligence observed "unusual training activities, unusual movements of force" inside
        292 words
      • Article, Illustration
        Untitled
        1280 8 Trade-»*ight*d imhrx fakvkard agaiml S'porr'i lop 14 trading partnrry Base ye* I9SS US$/S$ forward rates Noon A 18 •U Oder 1-month 1.4269 1 42*4 2-monlh 1.4232 1.4247 3-monih 1.4X2 1.4217 6-monlh 1.4107 1.4127,, Somr OCBT Source: OCBC FOREIGN CURRENCY NOTE RATES At at Saa m teg It: Singapore dollars to
        1,280 words
      • Article
        Lock icon LONDON
        193 8 Reuter LONDON The dollar stumbled at European midsession as operators creamed off profits from an early upmove, but bulls were still impatiently pawing the ground. "This is just the inevitable pullback and we'll eventually go higher," said a trader. Buying on dips was the favoured strategy, with plenty of
        Reuter  -  193 words
      • Article
        Lock icon NEW YORK
        84 8 AFP NEW YORK The dollar weakened against most other currencies here early yesterday amid profit-taking ahead of the weekend. At around 1400 GMT, the greenback was trading at 1.4705 German marks, compared to 1.4745 on Thursday evening and 97.05 yen compared to 97.25. in midday trading in London,
        AFP  -  84 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen ends higher, Eurodollars flat
        1332 9 Reuter SINGAPORE Simex Euroyen futures ended higher yesterday, while Eurodollars were mostly flat. Euroyen was up on the back of the weaker dollar/yen rate and also the Nikkei, but the volume was light. "The outlook is a bit mixed. People are not willing to go
        Reuter  -  1,332 words
      • Article
        Tin price breaches new 3-year high
        674 9 COMMODITY REPORTS KL Tin TIN price on the K.LTM reached a new three-year high yesterdav following strong buying sparked by the bullish sentiments on the LME overnight. Tin ended at M 517.60 per kg for a 43-sen gain. On the LME, three month tin
        674 words
      • Article
        Pakistan confiscates illegal sugar stocks
        58 9 ISLAMABAD In a campaign against illegal stockpiling, federal security agents confiscated 400,000 tonnes of sugar stocks across Pakistan. Traders had pushed up the price of sugar by hoarding stocks they told the government was meant for export. Two traders were arrested on the suspicion that
        58 words
      • Article
        China sugar output to rebound slightly
        55 9 HONGKONG China's 1995-% (Sep-Aug) sugar production is expected to rebound slightly from 1994-95 with larger areas planted and favourable weather so far this year. Traders' forecast of production in 1995-% will be 200,000 to 500,000 tonnes more than that of 1994-95, which was officially
        55 words
      • Article
        Brazil coffee output forecast down
        44 9 NEW YORK The Santos-based coffee brokerage Wolthers and Associates yesterday cut its 1995-% (May-Apr) Brazil forecast to 13.15 million 60 kg bags, down from its March estimate 13.9S million. Wolthers cited the adverse effects of drought on bean size.
        44 words
      • Article
        Japan imports more copper from US
        85 9 TOKYO An increase in exports of copper from the US in June is helping to keep import premiums low in Japan this month. The US exported 37,918 tonnes in June, up from 22,562 tonnes in May and 17,414 tonnes in April. A trader said
        85 words
      • Article
        S Korea aluminium premiums slide
        52 9 SEOUL Metal dealers quoted sharp falls in the premiums for LME-grade aluminium ingots due to the growing domestic supply surplus. The premiums over the LME price have declined this month to between US$BO and US$lOO (Ssl 15 and Ssl43) from US$lOO and US$ll4 in July,
        52 words
      • Article
        COMMODITY PRICES
        1431 9 SICOM Futures (tataras cMag as at 9.3tpa) WSS 1 C—tract (S cents/kg) Close Volume Ooen Month High Low Sett (tonnes) Interest Sep 93 1*7 50 112.00 117 50 200 1)00 Oct 186.00 182.00 185.00 323 1400 Nov 186.00 182.00 183.00 623 1473 Dec 186.00 182.00 183.00 323 2323
        1,431 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1070 10 -9.5 FURTHER weakness in market leader BHP and falls in banking stocks helped push a mostly directionless share market down 0.4 per cent yesterday. "BHP is probably responsible for about three points, a laige part of the index decline" said a broker, noting that leading banks were also down.
        1,070 words
      • Article
        Taipei
        536 10 +4.56 Share prices finished higher, propelled by selective buying of textiles and electricals. "Bargain-hunting helped the market recover early losses and investors expected another wave of upswings," said an analyst. The 321-issue Weighted Price Index rose 4.56 points to close at 4,830.34. Turnover was 1.07 billion shares worth NT531.33
        536 words
      • Article
        Manila
        608 10 +11.81 Share prices closed higher with investors shifting their attention to corporate rumors on, and attractive prices of, second-liners. "The blue chips are still in slumber," said a dealer. "Mondragon, Steniel, Metro Pacific, that's where the action is." The PSE Composite Index gained 11.81 points to close at 2,840.41.
        608 words
      • Article
        New Zealand
        310 10 -5.28 Stocks declined, led by forestry and energy group Fletcher Challenge, as some investors worried about a US$67O million (Ss9sB million) lawsuit lodged against the company. The suit was filed by Texas-based JFP Energy, which alleges that Fletcher Challenge and its oil exploration subsidiaries misused confidential information. "Uncertainty
        310 words
      • Article
        Seoul
        461 10 +4.08 Stock prices ended a week-long slide, bouncing back 0.4 per cent on a technical correction. 'The positive turnaround is attributed to major players' efforts to prevent the index from falling below the psychological 900-point mark," said a dealer. The Composite Price Index slumped in the earlier session but
        461 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
        760 10 Britannia Funds Storting Cask Bid Oder Mia Cap DcpoM *****0 M 6500 Mim Jeney 2*7. Q.IW3 ***** Mini Mil I ■come .***** ***** USS Cash Incase Pha Fund "9 MOO ******0 PS Reserve Fund 5 MOO 5 5500 .0.4J92 0-49M Far Eag Fund ****** ****** Maa Portfolio 2.0750 2.2430 UK
        760 words
      • Article
        London
        719 10 +39.1 EQUITIES soared yesterday, propelled by RhonePoulenc Rorer's bid for Fisons. Key resistance points that had kept shares in a narrow trading range for the past two weeks have been breached, setting the stage for an assault on the FTSE's all-time highs next week, dealers and strategists said. "I
        719 words
      • Article
        Paris
        120 10 +4.29 French shares ended higher on the dollar's strength, but the market was held back by weakness in financials and Rhone-Poulenc shares after its US subsidiary launched a hostile takeover bid. The CAC-40 Index closed up 4.29 points at ,1,971.56. Of the CAC-40 stocks, 22 ended higher, 15 lower
        120 words
      • Article
        Frankfurt
        161 10 11.93 German stocks rose, lifted by banks and machinery companies while the dollar wavered. The dollar, which boosted the market most of the week, fell 0.0037 to 1.4716 marks yesterday. The DAX Index gained 11.93 points to 2,265.86 to close the week at a new high for this year.
        161 words
      • Article
        Brussels
        195 10 +10.15 Belgian shares ended firmer on the first day of the new forward market account, with the expiry on Belfox of Bel-20 index futures and options boosting activities. "It was a slow start, but the market was busy during and after the expiry, with lots of Belix being traded.
        195 words
      • Article
        Amsterdam
        263 10 +2.32 Dutch shares closed higher, spending all day in positive territory but not gaining enough momentum to break up out of their recent tight trading range. The AEX Index ended 2.32 points firmer at 461.55, with winners beating losers by three to one. Prices were supported by firmer bonds,
        263 words
      • Article
        Stockholm
        117 10 +11.66 Swedish stocks closed 2 per cent higher on the week as takeover speculation hoisted Pharmacia AB and LM Ericsson soared in the wake of first-half results. Government bonds ended the week in negative territory, though, rattled by political concern after Prime Minister Ingvar Carlsson said yesterday he would
        117 words
      • Article
        Zurich
        237 10 +9.5 Swiss shares closed higher after overcoming an midsession dip. The expiry of Swiss futures and options had little effect on prices. Volumes were not exceedingly high for a day of expiry. The dollar also played a role in the afternoon upswing, although it oscillated quite heavily. The SMI
        237 words
      • Article
        Johannesburg
        327 10 -9.6 South African shares ended little changed after a day of directionless trade. A dealer said the late rally by gold shares on the back of silver's spurt in early Comex trade had quickly faded as bullion failed to follow suit. The Overall Index put on 3.2 points to
        327 words
      • Article
        Toronto
        214 10 •1.1 Stocks eased early in lacklustre trading, with a quiet session seen heading into the weekend, traders said. The TSE 300 Composite Index slipped 1.1 points to 4,619.10 on volume of 12.2 million shares valued at Csl77 million. Advancing stocks outpaced declines 182 to 146, with 239 issues unchanged.
        214 words
      • Article
        New York
        710 10 +7.75 Stock prices pulled back a little in heavy trading likely to be dominated by program activity tied to the "double-witching hour". The Dow Jones Industrial Average, which fell 8.45 points on Thursday, was ahead 7.75 to 4,638.38 at 11am EDT. The NYSE Composite Index was ahead 0.79
        710 words
      • Article
        Milan
        84 10 -11 Italian shares finished slightly lower as profit-taking among industrials and booksquaring on the last day of the August account took the market off the day's highs. The Mibtel Index fell four points to 10,519. The Mib3o Index was down 11 at 15,627. Shares in Telecom Italia Mobile surged
        84 words
    • Article, Illustration
      Lock icon HONGKONG
      2430 11 Bloomberg Business News HONGKONG Stocks were mixed as a slump in utility shares overpowered a rally in property issues. The main index dropped for the fourth time in five days, touching its lowest level since May 10, amid concern corporate profits are shrinking. "People need good news, and there
      Bloomberg Business News; Source: Bridge Info  -  2,430 words
    • Article, Illustration
      Lock icon CHINA
      534 11 CLSA IN Hongkong, the H share index lost 2.39 points at 1,094.89 on turnover of HKSS.7 million. Maanshan Steel was the most heavily traded stock, rising 3.3 per cent on US$l.2 million turnover. Qingling was the worst performer, down 2.1 per cent on turnover of US$9OO,OOO. The Shanghai B
      CLSA  -  534 words
    • Article, Illustration
      Lock icon TOKYO
      2530 11 Bloomberg Business News TOKYO Stocks declined for the second day yesterday as the dollar tumbled against the yen on news that the US trade deficit widened in June. "Everybody's got their eyes I on the forex market," said an analyst. "Given the gains we've seen over the past week,
      Bloomberg Business News; Source: Bridge Info  -  2,530 words
    • Article, Illustration
      Lock icon BANGKOK
      1489 11 Reuter BANGKOK Stocks ended I.S per cent lower as investors took profits and the market corrected itself after a 2.2 per cent rally on Thursday. The SET Index ended 19.61 points down at 1,320.91 in turnover of 5.2 billion baht. Decliners beat gainers 240 to 7S with 81 issues
      Reuter; Source: Bridge Info  -  1,489 words
    • Article, Illustration
      Lock icon JAKARTA
      1109 11 Reuter JAKARTA Share prices yesterday ended lower in slow trading with heavy offshore selling, causing the index to dip below the psychological support level before recovering. The Composite Index closed down 9.73 points to 500.65 after having breached the SOO-point support level to the day's low of 498.77 in
      Reuter; Source: Bridge Info  -  1,109 words
    • Article
      CLOB INTERNATIONAL
      2382 12 Gr Gf Lm V«l Day LmQm Mr Ob KH M M Cap High Low Ctmfmy Sate fWO) Hick Low Barer Seller Or P/E Sadl MALAYSIAN STOCKS *11 ABB Xk 426 +12 104 42$ 414 424 426 J.0 -2.9 0.2 436.9 12 5 m AMDB 99+2 333 101 97.}
      2,382 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rebound as investors bid up blue chips
        6622 12 Bloomberg Business News KUALA LUMPUR Stocks rose from three-month lotvs as investors, led by local institutions, bid up blue chips whose prices had fallen rapidly. The falling yen, which has prompted some foreign investors to shift money to Japan, and rising Malaysian
        Bloomberg Business News; Source: Bridge Info  -  6,622 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8090 13 Cr Gr M Wt u,. 1 5 1*< V«l Ofl UMQw«> Mr OH VH CM C> A>« U" Cm*rmmr Safe (W) HI* Lav Bayer Safer Or Ml W Mn MOUSTWAL and commercial 49* 312 hi t Vm. 50c 460 +6 I 470 4*0 4*0 464 22 5 1* IS 9.6
        8,090 words
      • Article, Illustration
        Lock icon STI index crosses 2,100 level, all major indices rise
        1824 14  -  By R Sivanithy SINGAPORE Local stocks were in demand yesterday, when blue chips and secondliners finished the week with a flourish that sent the Straits Times Industrials Index sailing past the 2,100 mark. Malaysian counters traded on Clob International were also
        Charts by Bridge Info; Source: Bloomberg  -  1,824 words
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      Page 5 Advertisements Column 1
      867 5 NEWS VALUE Brokers, finance firms wary of financing Ctob shares (pg I) A dampcncr no doubt. But many investors would have seen it coming. Japan vows to keep pushing down rates til recovery (pg 1) Expected to keep the momentum for recovery going. Compaq Asia cuts prices on business PCs
      867 words
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      Page 6 Advertisements Column 1
      138 6 Learn to Invest Monitor your stocks the smart way! Find out about the latest most sophisticated service provided by SPH AudioTex Service Quick Stock: a 24 hour hotline which provides you real time stock prices i a Portfolio Manager to help you keep track of your stocks. Come see for
      138 words
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      Page 9 Advertisements Column 1
      299 9 Mine ENGLISH NUMBER Children's Funland: am Lang syn* 910 0001 Win 3watc* Watchaa In TNP/PSLE Twt PuMg*. Usborne™ Puzzle Adventures 910 0002 RMcy Rivtc CrounQ Horse Racing Results: im(s*) 911 -0001* 4D/Sweep/Toto: TatooawNoiooo 911 -0002* Tele-Games 911-0003 Crack The Sato A Mra Wizard** Crystal Bad 13 Mensa Line (Pvzzlos In
      299 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.
      20 words
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      Page 10 Advertisements Column 1
      56 10 The venue of this year's Berita HarianTreasure Hunt s "\\rri m V J A CXhoilxock Food ObcuiScauc Ohcai Ca A«k> o§ad ifm* fa Data* Cc. WIICIC 10 11: an(3SJnOO JO BUUBjV 13UC|d :J3MSUV) Do you know where the Berita Harian Treasure Hunt will be held? You ought to. another exclusive
      56 words
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      Page 12 Advertisements Column 1
      43 12 Half fish, half lion. What am I? A clue to help you practise for the coming Berita Harian Treasure Hunt. Practice makes perfect. nBHIVniHBa «">»■ OMftatf Cferilnmr (MtelM OfcttW Uf.ht.lMl, MjjM *2* eippette <© m„.mx (uo?pw x^nTwcran*pimctmabw ANOTHER EXCLUSIVE EVENT ORGANISED BY SINGAPORE PRESS HOLDINGS
      43 words
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      Page 13 Advertisements Column 1
      37 13 Thailand Schroders' offices are in touck with all tlie major markets. Find out more about tke Sckroder Soutk Ea»t Asia Fund, tke Schroder Singapore Tru»t and tke Sckroder Worldwide Property Fund ky calling 534-4288 or (ax 536-6626.
      37 words
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      319 14 I mm BUSINESS ASU The Conference for Asian businesses that want to find out how to use the Internet to increase their profits 30 October -1 November 1995, The Shangri-La Hotel, Singapore Hundreds of thousands of companies are This event includes a full-day Internet already 'open for business' on the
      319 words
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      Page 14 Advertisements Column 2
      228 14 Singapore Closing Share Prices 18/08/1098 CLOM MMV LOW MOM «|||flt use UM um uat 7.10 7.10 7M 7.1S rmMI 3.0* 3.04 3.02 3.04 o*»Pa»«i 0.928 0.000 o.o*o O.U ■pnS i.m ij4 is ia7 Til Iffltl Mudartw Orttrt* 1.01 1.00 0000 1.01 *r—Q>c WwiwU OS 0.00 0.39 O.JO 0.30 Published by
      228 words
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      Page 14 Advertisements Column 3
      323 14 In The Matter of The Companies Act, Cap. 50 And In The Matter Of DGR PACIFIC DISTRIBUTION PTE LTD (Menken 1 Voluntary Winding-up) At an Extraordinary General Meeting of the Members of DGR PACIFIC DISTRIBUTION PTE LTD duly convened and held at 1 Rochor Canal Road #05-36 Sim Lim Square
      323 words
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon A fertile proposition
      1523 15  -  Orchids are a growing business in Singapore, with the government hoping to raise exports to $75 million by the year 2000. While this vision is welcomed by farmers and exporters alike, some players remain cautious. Corinne Kerk reports Corinne Kerk IN THE beginning, the delicate orchid started
      Photo by Chris Loh  -  1,523 words
    • STRAWS IN THE WIND
      • Article
        Lost and found
        98 15 HERE'S a nugget of information we unearthed from the Internet: a recent study reveals that more than half of Americans lose their TV remote control unit between one and five times a week, while 11 per cent misplace it six to 10 times a week. Sixty-three per
        98 words
      • Article
        Direct approach
        45 15 A CHINESE woman calls up a Beijing hotel room and asks the male guest: "Do you want to go out?" The man replies: "Who are you and what's the time now?" The woman answers: "I'm Mei Ling and it's now a good time."
        45 words
      • Article
        Dull days
        28 15 A STOCKMARKET wit, grumbling about the state of the market, said: "It looks like the National Day Rally is the only rally we're going to get!"
        28 words
      • Article
        Home conditions
        22 15 QUOTES from the courtroom: Q: What is your name? A: Ernestine McDowell. Q: What is your marital status? A: Fair.
        22 words
    • VIEWPOINT
      • Article, Illustration
        The outrageous Neil French
        2956 16  -  Exuberant, theatrical Neil French, creative director at Ogilvy and Mather, is arguably Singapore's most pursued and over-the-top ad man. Vikram Khanna asks him what goes into the making of his highly original advertising campaigns THE RAFFLES CONVERSATION A fortnightly series supported by Raffles Hotel Vikram Khanna
        2,956 words
      • Article
        Pushing back the boundaries of advertising
        693 16 f IKE something out I of a bad Sidney I Sheldon book", is M < how Neil French describes his early career. He's been up and down life's roller-coaster, working as rent collector, publicity manager, waiter, nightclub singer, bullfighter (in Spain), rock-band manager and
        693 words
    • Opinions
      • Article, Illustration
        Rain and traffic jam didn't stop our party
        695 17  -  LETTER FROM LOH HUI YIN OCCASION: Singapore's National Day reception hosted by the Singapore embassy. Venue: The posh Dusit Thani Hotel in downtown Bangkok. Time: 6.30pm to 8.30pm. August 9 here also happened to see a heavy downpour (we are smack in
        695 words
      • Article
        Lock icon It's not all madness behind scramble for Netscape shares
        769 17  -  Tim Jackson FT ISNT capitalism wonderful? Fifteen months ago, the board of Netscape Communications, an Internet software business, decided that the company's shares were worth one-twentieth of a cent each. Jim Clark and Marc Andreessen, Netscape's founders, each invested US$36O (Sssos)
        FT  -  769 words
      • Article, Illustration
        Simplified reports also wasteful
        248 17  -  LETTERS TO THE EDITOR Yong Yew Ho Block 25 Tim Payofc East #03-130 Singapore IZ3I TELECOM has announced it will send the simplified report to the man-in-the-street while the serious and institutional investors will receive the full set. Shortly after, the Stock Exchange of Singapore announced
        248 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Aug 21-24)
          626 18 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, Daiwa, Fraser Securities, GK Goh, Morgan Grenfell, Nomura, SG Warburg, Smith New Court and WI Carr. Buy! ÜBS Securities (Aug 18) Singapore Airlines. Following the drop in the SIA
          626 words
        • Article, Illustration
          In my opinion...
          483 18  -  Jim Walker Regional Chief Economist, Credit Lyonnais Securities OR the second rH time in six months, JL currency markets are in turmoil as the US dollar recovers some of its lustre. Volatility in foreign exchange markets is exciting but it is longer term currency trends which are
          483 words
      • Article, Illustration
        Lock icon How long will the magic of Kotjo last?
        577 18  -  T^Wg By Catherine Ong AS Indonesian-controlled stocks ride the wave of a speculative fever, the time has come to ask if some of their share prices reflect more hope than reality, and if these counters lend themselves to fundamental research. Investors who
        Source: Bloomberg  -  577 words
      • Article, Illustration
        Lock icon When to move in to buy the ringgit
        492 18  -  The Malaysian unit offers opportunities despite the dollar's recent surge, says Paul Leo Paul Leo THIS WEEK'S US dollar rally has convinced many investors that the greenback bear run is over and the wisest course is to move out of non-US dollar
        Source: Bloomberg  -  492 words
      • Article, Illustration
        Uraco looks set to gain from new listings fervour
        871 18 Its mainboard offer looks like an attractive bet for retail punters. Michelle Low reports Strengths At 65 cents, priced cheaply in absolute terms; Company entrenched in growth industry, with a solid customer base, forecasting strong 1995 earnings; Can expect costs to
        871 words
      • Article
        M'sian cement firms become good plays after price hike
        747 18  -  The big cement firms are the biggest beneficiaries of Malaria's cement price rise. Ho Kay Tat reports Ho Kay Tat Malaysian cement manufacturers' 14year wait for a gov-ernment-approved price hike has finally paid ofT. Finance Minister Anwar Ibrahim this week gave
        747 words
      • Article, Illustration
        Lock icon Indonesian cement stocks are good plays on building boom
        901 19  -  Analysts say that the explosive combination of soaring demand and tight supply make the stocks a sure thing, writes S N Vasuki S N Vasuki INDONESIAN cement manufacturers have every reason to feel complacent. A sustained construction boom this year has
        Source: Bridge Info  -  901 words
      • Article, Illustration
        Lock icon All the signs point to a stock market recovery
        1056 19  -  Eye on the region: Hongkong Political, economic and corporate events in the territory are all in favour of equities, says Quak Hiang Whai Quak Hiang Whai FORGET Louis Kraar. Forget Moody's. Things aren't that bad in the Hongkong market. In fact,
        Source: Bridge Info  -  1,056 words
      • Article
        Malaysia's Central Depository System: the frequently asked questions
        1133 19 THE Malaysia's Central Depository System (CDS) was launched on March 2, 1993, with scripless trading in new public share issues. The Kuala Lumpur stock exchange has recently been given the directive to speed up efforts to bring other counters into the system.
        1,133 words
    • Article, Illustration
      Lock icon Foreign invasion of Phuket
      1011 20  -  Travel By LINDA COLLINS The writer is an executive sub-editor with Business Times THE TIDE was coming in as 1 settled into a cane chair in a restaurant facing the beach on the First day of a week-long holiday on the Thai island of Phuket. A
      Photo by Malcolm McLeod  -  1,011 words
    • Article
      Humour on the Web
      678 20  -  WteH^ghts By John Lul John Lui (johnlui@singnet.com.sg) works in computer administration at Singapore Press Holdings THE FIRST THING that has to be said is that 99.9 per cent of the Web material that bills itself as humour is not funny. There is a shortage of quality
      678 words
    • Article, Illustration
      Lock icon Snuffing out the competition Snuffing out the competition
      1671 20  -  Goh Hwee Leng talks to lawyer Joe Grimberg about his collection of Chinese snuff bottles, considered to be the best in the region Goh Hwee Leng The writer is a freelance Journalist who contributed this article to Executive Lifestyle WHILE Joe Grimberg's
      Photo by Chris Loh  -  1,671 words
    • Article, Illustration
      A growing interest in auctions A growing interest in auctions
      798 20  -  The Singapore market is rich with possibilities, Irene Lee i of Christie's tells Tan Su Yen Tan Su Yen THE FACT that Singapore collectors are warming to the idea of auctions is one which delights Irene Lee, general manager of
      798 words
    • Article, Illustration
      Just talking shop
      590 21  -  By SHAHIRON SAHARI CONVENIENCE stores, reason the makers of the talkie comedy Clerks, are an oft-maligned aspect of contemporary life, "a second-choice kind of place where selection is smaller, prices are higher and expiration dates are right around the corner". Little is expected of the staff, and
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    • EPICURE
      • Article, Illustration
        Michelin perfection
        820 22  -  Bon Appetit By JAIME EE AS A bumbling home chef, it constantly aggravates me that 1 can never duplicate a simple seared piece of fish or meat at home, the way it is done in a fine restaurant. I mean, how the heck do they get that delicate
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      • Article
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        640 22  -  By JAIME EE IF THERE'S one thing the Hotel Intercontinental excels in, it's in their sumptuous restaurant decor. The Mediterranean-inspired Olive Tree, for example, has its romantic fountain, terracotta tiles and a cheery sun-roof. In turn, its Thai restaurant, Pimai, is a sensual sight for
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        Greatest hits of Alsace
        627 22  -  By SHAHIRON SAHARI THE ALSACE province in northeastern France sits near the German border, which explains the significant German influences in the region's cuisine. A valuable mining area, Alsace lies near the least well-defined of France's borders and has witnessed numerous historical battles for territory. But
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    • Article, Illustration
      CINEMA
      1045 24 Bad Bays. Two cops, a bachelor and a family man, have to find a load of drugs. To do this, they swap identities. Cathay: 5; 9.45; 12.15. Eastshore: 5; 9.30; 12. Yangtze: 10.45; 5; 11.45. Republic, Jurong, Hougang: 11.45pm. Yishun: 4.35; 7; 9.25; 11.50. Bishan: 4.05; 11.40. Bishan: 5;
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      93 17 A GREAT GOLF GAME BEGINS AT GOLF HOUSE. shoes WILSON BALLS ($235.85 WITH GST) $229 j VPI Ultra Competition-for maximum j7 HjR: distance with a high spin rate men's tip Greg Norman Men's Attack Collection with OK--Inspired by the Great White Shark himself A IKSW ultra High Trajectory -for maximum
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      101 19 WITH REDUCED PRICES, OUR BEAUTIFUL DINING SETS ARE NOW EVEN MORZ^I RRESISTIBIF m< y Jp r v m t,ffS£ -I I I IRH ■u///1 /CVV I mm*> v <MiyHk. g gj^m Unfortunately, unlike its understated beauty, the special price on this Woodhaven dining set is not everlasting. So come on
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      44 21 ■^***** <' B^sb>l 9 The snakes may have two 'I /jffl B the sharks wear k* t 4J&jSI IB Iff Mjd no place go baresoles more titaj broker, making them some l^e comfortable V B| shoes ever to set foot on t^e cor p° rat€
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      1386 23 111 ll ££33E&» I WHERE TO WINE, DINE AND ENTERTAIN L WORLDS LAHC6ST SELLING BEER J 3 Fi ><u^<i^r!v t zrc«, rWW HWSOI OdD HttVKW CMP-|. Tm tohmak Elm\ rsm\ 10% tff fw nth ftpui J f iHL I t Jusl spend $500 and above wilhin 6 months at any
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      291 23 fSjJ 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, J snow skin mooncake and 7 stars with white lotus paste are also available. Win lots of valuable prizes in our Grand Lucky
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  • Page 24 Miscellaneous
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      Page 24 Miscellaneous Column 1
      1987 24 TODAY'S TV HHrJvnTTHH 6.30 BMMwM/iana— Hamlet, 11.55 am, Ch 12 9! ll 5 <na Cinema Cinema, 2pm, I g.02 SaraMR 1 Ma!aysfa/lakucuts some kaa Sendin Shakespeare's he rein- The killer whale and sister JV 9.02 SMI. forces the tale the Danish look for their mother in Free 1000 BmttM SwiMl
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      Page 24 Miscellaneous Column 2
      269 24 RADIO Composer Of The Month; BBC, years? Anne Theroux finds out Saturday, 1.30pm in the run up to the United The focus this month is on not Nations Women's Conference one, but four Italians born in n Beijing. In Women Alone, the north of the country who many women choose
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