The Business Times, 26 August 1995

Microfilm: NL20017
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 SINGAPORE Business Times WE KNOWAShti MITA(P) 194/12/94 Weekend Edition, August 26-27 1995 85*
    13 words
  • Article, Illustration
    Upmarket condo of 660 flats for Orchard Scotts site
    598 1  -  Far East's project will be among the biggest in prime District 9 By Conrad Raj SINGAPORE Orchard Scotts, the service apartment complex located between An-glo-Chinese Junior School and the Cairnhill Community Centre, is being torn down to make way for a
    598 words
  • Article
    Electronics stocks poised for a bull run: analysts
    333 1  -  David Mok SINGAPORE The local electronics sector could be set for a bull run, judging by the run-up in the prices of the majority of stocks in the sector over the past two days, say analysts. Yesterday, the share prices of 28
    333 words
  • Article
    KL shipping agents unhappy over PSA rebates plan
    365 1  -  Scheme will encourage intra-Asean trade, says PSA By Yong Mei Fong SINGAPORE A plan by the Port of Singapore Authority to offer rebates to ships which only call here has raised the hackles of Malaysian shipping agents. A report in Malaysian Shipping
    365 words
  • Article
    Lock icon Dow Jones up 16.2 points
    91 1 Reuter NEW YORK US blue-chip stocks rose smartly yesterday, boosted by a steep drop in long-term bond interest rates. At 2pm EDT, the Dow Jones Industrial Average was up 16.20 points at 4,596.82. At Ipm EDT in the broader market, advancing issues led declines by
    Reuter  -  91 words
  • Article
    Lock icon Juppe ousts minister
    49 1 AFP PARIS Economy and Finance Minister Alain Madelin was forced to resign by premier Alain Juppe yesterday, government sources said. Mr Juppe's Matignon office confirmed that Mr Madelin had tendered his resignation, while government sources indicated that Mr Juppe had called for him to resign. AFP
    AFP  -  49 words
  • Article
    Lock icon Hillary going to China
    26 1 Reuter WASHINGTON Hillary Clinton will attend the United Nations conference on women in Beijing early next month, administration officials said yesterday. Reuter
    Reuter  -  26 words
  • Article, Illustration
    STIC president stepping down to join Nomura S'pore
    476 1  -  By Claire Leow SINGAPORE Wong Kok Siew, president of listed Singapore Technologies Industrial Corp (STIC), is stepping down to join Nomura Singapore. Mr Wong, 48, will also give up his managing directorship of Singapore Technologies Pte Ltd (ST), the operational headquarters of
    476 words
  • Article
    Untitled
    160 1 Stock Market ImMcci Friday Chaafe STIi 2.125 08 38.2 KLSE Comp 1.028.76 -0.84 Nikkei 17.770.68 -151.31 Hang Seng 9.080.39 +22.05 SET Index 1.349.33 +3.59 Jakarta Comp 500.60 +0.26 Manila Comp 2.777.22 +7.24 Taipei WPI 4.670.61 +16.22 Seoul Comp 921.10 -6.72 Bombay BSE30 .3.378.23 -36.33 CLSA China B 883.46 -0.78 Aust
    160 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      Lock icon Asean agrees to cut taxes on 62% of farm products from Jan 1
      390 2 Reuter ASEAN agriculture ministers agreed yesterday to lower tariffs on 62 per cent of commodities traded in the region from Jan 1, 19%, to help realise the grouping's plan of free trade in the region by 2003.
      Reuter  -  390 words
    • Article
      IDD rates rise for China, dip for S Korea, Thailand
      259 2  -  By Michelle Low SINGAPORE Telecom will soon reduce the IDD (international direct dialling) rates for telephone calls to South Korea and Thailand again but raise the cost of calls to China. On Sep 1, economy and weekend rates for South
      259 words
    • Article
      NTUC Income to offer insurance policy with fitness discounts
      319 2  -  By Soh Tiang Keng NTUC Income and the Singapore Sports Council will hunch a "keep fit" insurance policy on Sep 2. The policy with life and accident protection and critical illness cover offers premium discounts of up to 30 per cent
      319 words
    • Article, Illustration
      Training of all SAF officers comes under one roof in Jurong
      198 2 PRIME Minister Goh Chok Tong officially opened the $250 million Safti Military Institute last night The institute in Jurong will centralise the training of all officers army, navy and air force. In his opening address, Mr Goh said: "Through
      198 words
    • Article
      Leak in Pulau Merlimau oil pipeline causes big spill
      215 2 A LEAK from Singapore Refining Company's shore transfer pipeline in Pulau Merlimau has resulted in'one of the heaviest oil spills to hit Singapore in recent times. The Port of Singapore Authority (PSA) reported that about 50 tonnes of heavy fuel oil
      215 words
    • Article, Illustration
      Buy pork from supermarkets to beat price hike: MTI
      264 2 THE Ministry of Trade A Industry yesterday urged consumers to buy pork from two supermarket chains NTUC Fair Price and Yaohan to beat price hikes at market stalkMTI said yesterday that the Department of Statistics (DOS) had found that pork prices
      264 words
    • Article
      Tang Dynasty City plans revamp to regain market
      374 2  -  One-third fall in visitors last year prompts aggressive survival strategy By Agnes Wee TANG Dynasty City, which, like most theme parks, has been suffering from declining visits, is repositioning itself to survive. After experiencing a onethird fall in the number of visitors
      374 words
    • Article
      Newsprint giant offering new long-term contract
      354 2  -  _s Siow Li Sen CANADIAN-BASED newsprint giant Abitibi-Price has come up with a new long-term contract aimed at smaller spot buyers who have suffered because of the doubling of newsprint prices in the past year to more than USSI,OOO (S$ 1,420) a tonne. The
      354 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      301 2 Amu skuas EU for wr rating oa shipping of foodstuffs, Pg 3 ECON ECON INTERNATIONAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Econ International Limited ("Econ" or the "Company") wishes to inform shareholders ("Shareholders") and warrantholders ("WarranthokJers") of the Company that on 23 August
      301 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      327 2 in 8 25 US trucker finds side- u .n.n.int .niiirm street and about-turns (8) 7 The umpire takes aggregate YuiuoMrS SOUiTIUH 26 Defences we discovered among the hills (6) 12 Will Oriental rugs be .put POWN HP in a Bedouin dwelling? |fWQWEM"M A W E HcpH 1 One embraced by
      327 words
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  • THE REGION
    • Article
      HK government lowers 1995 GDP growth forecast to 5% from 5.5%
      508 3  -  From Quak Hiang Whai in HONGKONG THE Hongkong government has lowered its forecast for 1995 GDP growth from 5.5 per cent to 5 per cent, prompting concern that consumer confidence would be further eroded, leading to even weaker economic
      508 words
    • Article, Illustration
      Lock icon In line for the big event
      62 3 Reuter BEIJING Chinese soldiers being drilled by an officer as they march past rows of umbrellas at an outdoor entertainment area yesterday at Huairou, site of the Non-Governmental Organisation Forum on Women which will open on Wednesday. The forum, running in tandem with the
      Reuter  -  62 words
    • Article
      Coming to S'pore soon: German micro-brewery and pub
      266 3  -  From Loh Hui Yin in BANGKOK A POPULAR micro-brewery cum German restaurant here, Paulaner Brauhaus, will be making its way to Singapore in the next year or so. Its owner, the President Park property group, wants to open a micro-brewery in Suntec
      266 words
    • Article, Illustration
      Lock icon No change in basket of currencies to fix baht rate: Thai PM
      243 3 Reuter BANGKOK Thailand's Prime Minister Banharn Silpaarcha said' yesterday the government has no plans to make any changes in the basket of currencies currently used to fix the baht's foreign exchange rate. "The government will not make any
      Reuter  -  243 words
    • Article
      Lock icon Protect Japan's farmers or Apec may collapse: Tokyo
      330 3 AP CANBERRA Japan warned yesterday that the 18-nation Asia-Pacific Economic Cooperation (Apec) forum could "collapse" if Japanese farmers are not protected from foreign competition. A Japanese Foreign Ministry spokesman, Hiroshi Hashimoto, said Japan had already suffered because its farmers are unhappy with
      AP  -  330 words
    • Article
      Lock icon Leaked Japan govt memo complicates housing loan crisis
      266 3 Bloomberg Business News TOKYO A government memo released in Japan on Thursday reveals that the Ministry of Finance pledged to direct major commercial banks to take responsibility for bailing out tthe country's troubled housing lenders. The memo, released for the first time
      Bloomberg Business News  -  266 words
    • Article
      Lock icon M'sia urges cooperation between SEA, S Africa
      334 3 Dr Mahathir tells Mandela's govt of trade potential MBT CAPE TOWN Malaysia has proposed a new framework of cooperation between Southeast Asia and the Southern African region. This is important not only for Malaysia-South Africa relations, but also for South-South cooperation, said Malaysian
      MBT  -  334 words
    • Article
      Floods seen reducing Thai rice exports by 1.5m tonnes
      352 3  -  By Siow Li Sen THAILAND will have to revise its expected rice exports down sharply to four million tonnes this year from earlier estimates of S.S million to S.B million tonnes because of floods. Thai Deputy Minister of Agriculture and Cooperatives,
      352 words
    • Article
      Lock icon Asean slams EU for new ruling on shipping of foodstuffs
      344 3 AFP SINGAPORE The European Union (EU) came under fire yesterday from Asean for requiring bulk foodstuffs imported from this region to be transported by dedicated vessels. "This directive would adversely affect Asean exports of foodstuffs, such as coconut oil, palm
      AFP  -  344 words
    • Article
      Sihanouk backs Khmer Rouge probe
      83 3  -  by Harish Mehta SINGAPORE Cambodia's King Norodom Sihanouk and the country's two co-premiers have lent their support to an investigation to prosecute the leaders of the Khmer Rouge who committed genocide in the mid-*****. Funded by the United States, the investigation is being conducted by
      83 words
    • Article
      Lock icon Shanghai-Japan trade rises 67%
      70 3 Bloomberg Business News SHANGHAI Shanghai's trade with Japan surged almost 67 per cent in the first seven months of the year to reach US$3.2l billion (554.49 billion), the Shanghai Star reported. Imports rose 57.9 per cent to US$l.66 billion, and exports climbed 77.S per cent to
      Bloomberg Business News  -  70 words
    • Article
      Lock icon Ramos pardons 62 Chinese fishermen
      71 3 AFP MANILA President Fidel Ramos yesterday pardoned 62 Chinese fishermen who had been jailed for six months in the Philippines for poaching in the Spratly Islands, but said four of them will remain in jail on related charges. The men were arrested by the Philippine
      AFP  -  71 words
    • Article
      Lock icon NZ minister defends lower tax rates
      124 3 Reuter WELLINGTON Finance Minister Bill Birch said any future tax package would be compatible with the Reserve Bank of New Zealand's (RBNZ) inflation objectives. In a statement, he said opposition Labour Party finance spokesman Michael Cullen had been irresponsible in suggesting that a tightening
      Reuter  -  124 words
    • Article
      Lock icon HK axes one-cent note
      73 3 AFP HONGKONG Hongkong, where cash is king, decided yesterday to scrap its one-cent (550.002) banknote, creating almost immediately a small windfall for collectors holding the nearly useless denomination. The tiny note, which has little practical use in an economy where inflation nudges 10 per cent, will
      AFP  -  73 words
    • Article
      Lock icon KL bans private recruiting of Bangladeshi workers
      212 3 AFP DHAKA Malaysia has banned recruitment of Bangladeshi workers through private agencies and would only entertain those engaged by an official organisation, officials here said yesterday. Maids and shop assistants would, however, be exempted from the new policy, they said. The daily Financial
      AFP  -  212 words
  • Page 3 Advertisements
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  • REGION/WORLD
    • Article
      Lock icon S'pore group to build and run China's first private hospital
      420 4 The Straits Times BEIJING A Singapore group has signed an agreement to build and run China's first private hospital, which will provide Singapore standards of health-care services in Beijing. The US$24 million (Ss34 million), 150-bed Beijing International Hospital will be
      The Straits Times  -  420 words
    • Article
      President takes time out on a heavenly peak
      279 4  -  From Teh Hooi Ling at Changbai Mountain, Jilin Province PRESIDENT Ong Teng Cheong, on an eight-day state visit to China, yesterday took a breather from his .busy schedule to visit the Heavenly Lake and waterfall at Changbaishan. The volcanic lake is the
      279 words
    • Article, Illustration
      Lock icon Taking on French nuclear might
      49 4 Reuter PAPEETE, French Polynesia Cook Islands sailors jumping on their canoe during traditional singing as they arrive in Papeete harbour this week. The Cook Islands canoe will be part of a flotilla which will head for Murnroa to protest against French nuclear tests. Reuter
      Reuter  -  49 words
    • Article
      Lock icon Plans for Europe Online
      86 4 UPI BONN Germany's largest newspaper concern the Axel Springer Press announced yesterday it will take a major stake in a planned Europe-wide computerised information service, Europe Online. Springer, publisher of Die Welt and Germany's biggest-selling daily tabloid, the Bild Zeitung, said it is taking a 1Q
      UPI  -  86 words
    • Article
      AIRCRAFT ARRIVALS & DEPARTURES
      1494 4 AIRCRAFT ARRIVALS DEPARTURES an nw* n» n» kt+m QF81 1930 QF82 2055 trnrnm RJ187 0130 taM* SQ25 1215 GA890 0205 KUB37 1450 KL838 2300 SQ324 2330 AadM NZ21 1735 NZ22 1920 SQ286 2040 IMhfM ***** 1105 SQ182 0915 SQ181 1410 ***** 1210 BK27 1720 ***** 1820 MZ906 1150 MZ907 1250
      1,494 words
    • Article
      Lock icon Mexico 2nd qtr bounces back into the black
      162 4 Reuter MEXICO CITY Mexico's current account surplus reached US$455 million (*****.78 million) in the second quarter, compared with a deficit of US$7.l2 billion in the same three-month period last year, Banco de Mexico said yesterday. It said over the first six months
      Reuter  -  162 words
    • Article
      Lock icon Japan's Golan dispatch
      45 4 AFP TOKYO Japan's ruling coalition decided yesterday to send peacekeeping troops to the Israeli-occupied Golan Heights in February following year-long debates over the controversial dispatch. The decision came after the socialists, led by Prime Minister Tomiichi Murayama, abandoned their earlier position. AFP
      AFP  -  45 words
    • Article
      Lock icon Russian officials pump cash into credit crunch market
      518 4 Bloomberg Business News Reuter Knight-Ridder MOSCOW Russian officials rushed to reassure nervous financial markets yesterday, pumping cash into the market to resolve a credit crunch and promising that problems facing Russian banks would not last long. The crunch drove up the interbank
      Bloomberg Business News; Reuter; Knight-Ridder  -  518 words
    • Article
      Lock icon Roche profits up
      71 4 Bloomberg Business News BASEL Roche Holding AG, the Swiss drugs and chemicals company, said firsthalf net profit rose 18 per cent, as costcutting measures took effect and the recently acquired Syntex Corp helped boost pharmaceutical sales. Net profit of 1.912 billion Swiss francs (552.2 billion) was at
      Bloomberg Business News  -  71 words
    • Article
      Lock icon It's a bubble market
      68 4 Reuter LONDON Sizzling hot temperatures around Europe this summer have been a boon for the beverage can industry and the aluminium and steel producers which supply it, as consumption of canned drinks soars. For example, between January and July 1995 3.05 billion aluminium and steel soft
      Reuter  -  68 words
    • Article
      Lock icon Leeson files appeal against extradition to Singapore
      223 4 Bloomberg Business News Reuter FRANKFURT Former Barings pic trader Nick Leeson filed an appeal yesterday to block his extradition to Singapore on charges of fraudulent derivatives trading, the German prosecutor's office said. In the 83-page request, Leeson also asked to be released from
      Bloomberg Business News; Reuter  -  223 words
    • Article
      Lock icon Lower Russian tariffs
      75 4 Reuter MOSCOW Russia may lower export tariffs on everything from oil to gas to metals in the near future, Interfax news agency quoted Prime Minister Viktor Chernomyrdin as saying yesterday. "Export tariffs will be lowered on a wide range of products," it quoted him as telling a
      Reuter  -  75 words
    • Article
      Lock icon Philadelphia Fed survey sees inflation lower at 2.9% for third quarter
      300 4 Bloomberg Business News PHILADELPHIA Inflation, as measured by the consumer price index, is expected to average 2.9 per cent in the third quarter, down from a previous estimate of 3.5 per cent, according to a survey by the Federal
      Bloomberg Business News  -  300 words
    • Article
      Lock icon Class action suits filed against Upjohn, Pharmacia merger
      307 4 AP DETROIT Some shareholders of The Upjohn Co are attempting to block the proposed US$l3 billion (S$ 18.51 billion) merger between the US drug giant and Pharmacia AB of Sweden. Five class-action lawsuits have been filed in a court in the US
      AP  -  307 words
    • Article
      Lock icon Mongolia on course for first bourse
      65 4 Bloomberg Business News BEUING Mongolia will move one step closer to a full free market economy on Monday when it opens its first stock exchange provided there is no lastminute bureaucratic hitch. "There's only one thing missing, and that's the government's decision to open
      Bloomberg Business News  -  65 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Takeover rumours spread to Nippecraft and Omni Mold
      392 5  -  By Shiv Taneja SINGAPORE Nippecraft Ltd and Omni Mold yesterday joined a growing list of Singapore companies whose share prices have surged in a swirl of corporate rumours. Mainboard-listed Nippecraft hit 63 cents yesterday, up 6 cents on a huge volume of
      Source: Bloomberg  -  392 words
    • Article
      YHS posts strong group interim earnings of $6.6m
      375 5  -  By Agnes Wee SINGAPORE Yeo Hiap Seng Ltd, subject of a takeover tussle, has released bet-ter-than-expected interim group net earnings of $6.66 million. This compares with just $973,000 in the same period last year. Earnings per share, thus, jumped to 4.68 cents
      375 words
    • Article
      Yeo in tie-up for second Guangzhou plant
      258 5 SINGAPORE Yeo Hiap Seng has tied up with Chinese partners in a US$lO million (5514.2 million) joint venture which will establish its second manufacturing plant in Guangzhou, China. The joint-venture company will have an initial investment value of US$lO million and registered capital
      258 words
    • Article
      Horiguchi buyer to sell most of his stake to two other parties
      315 5  -  By Lee Han Shih SINGAPORE The takeover of Sesdaq-listed Horiguchi Engineering took a new twist yesterday when one of the two original bidders said he had agreed to sell most of his stake in the company to two
      315 words
    • Article, Illustration
      Suspended DBS Securities MD Jen to leave stockbroking
      369 5  -  But he will stay on until successor is found By Shiv Taneja SINGAPORE DBS Securities managing director Jen Shek Chuen, 45, who was recently suspended and fined by the Stock Exchange of Singapore, has decided to quit the stockbroking industry. A DBS
      369 words
    • Article
      Tuan Sing snaps up 92% of PCB maker Gul Tech
      387 5  -  By R Sivanithy SINGAPORE Property and construction group Tuan Sing Holdings yesterday announced a $55.08 million takeover of unlisted printed circuit board (PCB) maker Gul Technologies, quashing market rumours that its target was the main board's PCI. In a statement
      387 words
    • Article
      Chuan Hup buys stake in Manila firm
      153 5 SINGAPORE Marine company Chuan Hup Holdings has taken a 32.52 per cent stake in Manila-based property company Security Land Corporation. Chuan Hup said yesterday it had acquired 5.5 million shares in the Philippine company for 550 million pesos (5530.2 million). Security Land's other
      153 words
    • Article
      Meralco a bright spark among listed Asian utilities
      664 5  -  HOCK LOCK SIEW By S N Vasuki SINGAPORE Manila Electric Co (Meralco), the Philippines' largest electricity distributor, remains a popular stock despite the fact that listed Asian utilities appear to have fallen out of favour with institutional investors. What is sustaining interest
      664 words
    • 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
        85 5  -  By Shiv Taneja NIPPECRAFT closed yesterday at 63 cents, up six cents on a volume of 16 million shares traded almost eight times its 10-day average of 2.3 million units. Daily and weekly RSI and Stochastics indicate hugely overbought levels, with the stock ripe for selling. There is
        85 words
    • Article
      Pan-United surprises with 23% rise in interim net profit
      377 5  -  By Rahita Elias SINGAPORE Pan-United Corp at half-time chalked up a 23 per cent increase in net profit to $8.7 million. For the six months to June 30, 1995, group earnings per share also rose 23 per cent to 1.6 cents
      377 words
    • Article
      Real-time details on foreign stocks in Nov
      216 5 SINGAPORE Investors will be able to access real-time stock information from overseas through Quick Stock a Singapore Press Holdings 24hour hotline in slightly more than two months' time. SPH AudioTex Department senior manager Chua Wee Meng said yesterday that "from Nov 1, a
      216 words
    • COMPANIES
      • Article
        Lock icon S'pore offers top returns: fund manager
        649 6 Best deals are to be found in high-tech manufacturing stocks, he says Bloomberg Business News SINGAPORE Singapore stocks are trading well below historic averages and offer the top expected 30-day return of IS global markets, independent fund manager John Koeneman says. The best deals
        Bloomberg Business News  -  649 words
      • Article
        Lock icon Air Force chief is new Thai Airways acting chairman
        398 6 Bloomberg Business News BANGKOK Thai Airways International pic's board of directors yesterday appointed Air Chief Marshal Si ripong Thongyai as acting chairman to complete the term of Amaret Sila-on, who resigned last month. Mr Siripong, who had been vice-chairman, is the
        Bloomberg Business News  -  398 words
      • Article
        Lock icon Philippines' SEC appoints new acting chief
        141 6 Reuter MANILA The Securities and Exchange Commission (SEC) yesterday appointed associate commissioner Perfecto Yasay to the post of acting chairman. Mr Yasay, 48, a US trained lawyer took the post from outgoing chairwoman Rosario Lopez. Ms Lopez was asked to leave by President Fidel
        Reuter  -  141 words
      • Article
        Untitled
        510 6 Itaagvt' pries* <$) Aut 26 A 28 Mendaki Gr Fund 1.02 1.05® US Gt Fund I.I I 1.15* ThecZmL 164 U06 Ass* Mft Ltd The Savings Fund 1.30 1.59 Unifiind 1.43 1.50 S'pore Prog Fund 0.62 0.66 Unibood+ 1.06 1.085 S'pore See Fund 0.91 0.97xd United Gr Fund! 1.57 1.64
        510 words
      • Article, Illustration
        Lock icon Retrenched workers stage protest
        47 6 Reuter KUALA LUMPUR Workers retrenched by Golden Hope Plantations Bhd protesting outside the headquarters of the company's biggest shareholder, Permodalan Nasional Bhd (PNB), here yesterday. The workers are claiming additional compensation from Golden Hope, saying the firm's handout for termination was meagre. Reuter
        Reuter  -  47 words
      • Article
        Lock icon Shanghai bourse rapped over bonus share listing
        315 6 Reuter BEIJING The China Securities Regulatory Commission on Thursday criticised the Shanghai Stock Exchange for its handling of a bonus share listing of Sichuan Changhong Electric Appliance Co Ltd. The commission said it would investigate the incident and punish those within Sichuan Changhong
        Reuter  -  315 words
      • Article
        Lock icon Ford defends investment in Jiangling
        450 6 Car giant announces new head of China operations AP BEIJING Ford Motor Corp said yesterday that its planned purchase of a 20 per cent stake in China's Jiangling Motor Co is based on expectations of future growth, not Jiangling's past weak performance. The company also
        AP  -  450 words
      • Article
        Electro Magnetics secures new credit of US$750,000
        277 6  -  By David Mok SINGAPORE Troubled videotape maker Electro Magnetics Ltd, which appeared last month to be in danger of becoming insolvent, has secured new credit facilities and is optimistic of receiving strong cashflow in the coming months. In a statement last night, the
        277 words
      • Article
        Lock icon Nynex, Mitsui eyeing stakes in Indon mobile phone firm
        457 6 Bloomberg Business News JAKARTA Nynex Corp of the US and Mitsui Co of Japan are planning to buy stakes in an Indonesian mobile phone company, an official of the parent company of the local firm said on Thursday. The US phone
        Bloomberg Business News  -  457 words
      • Article
        Acer unit's interim revenues surge 67% to $402.8m
        227 6 SINGAPORE Acer Computer International, which is expected to launch its initial public offer here on Monday, said its revenues jumped 67 per cent to $402.8 million for the first half of the year. The company did not disclose its earnings for the
        227 words
      • Article
        Lock icon Shanghai Tyre profit plunges 72% in 1st half
        184 6 AFP SHANGHAI China's largest tyre manufacturer, Shanghai Tyre and Rubber Co Ltd, announced yesterday that net profit fell 72 per cent from a year earlier to 34.98 million yuan (555.7 million) in the six months to June. Results published in the Shanghai
        AFP  -  184 words
      • Article
        Bonvests buys 1.5m shares in Coop
        36 6 SINGAPORE Bonvests Holdings has bought 1.5 million shares in luxury goods distributor Coop International for $300,000, making it a wholly-owned subsidiary. Bonvests' previous stake in Coop was 88 per cent.
        36 words
      • Article
        Rothschild named as Econ adviser
        51 6 SINGAPORE Econ International has appointed N M Rothschild Sons (Singapore) as financial adviser to Econ directors in connection with the Aug 23 takeover offer from Yenville. Shareholders and warrant holders have been advised to refrain from taking any action which may be prejudicial to their
        51 words
      • Article
        Thai Prime Fund's loss soars to US$51m
        92 6 SINGAPORE The Thai Prime Fund reported an 84.3 per cent drop in investment income to US$B.79 million (S$ 12.48 million) for the six months ended June 30, 1995. After-tax losses widened to US$5O.6 million from US$5.B4 million over the same period last year.
        92 words
      • Article
        ST Aerospace asks for suspension
        24 6 SINGAPORE Singapore Technologies Aerospace has asked for a suspension on Monday pending the announcement of its 1995 interim results.
        24 words
      • Article
        Hai Sun Hup sells Keystone stake
        42 6 SINGAPORE Hai Sun Hup has divested its 30 per cent stake in associated company Keystone Logistic Services Pte Ltd, a freight forwarder. The company has sold its 60,000 shares in Keystone to ECL (Singapore) for $306,000.
        42 words
      • Article
        Bousteadco unit buys Alpha Harvest
        39 6 SINGAPORE Bousteadco subsidiary W H Brennan Company has acquired a wholly-owned subsidiary in Malaysia called Alpha Harvest Sdn Bhd with authorised share capital of M$ 100,000 (5557,100) and issued share capital of Ms 2.
        39 words
      • Article
        Lock icon Indofood posts 127b rupiah profit
        38 6 Reuter JAKARTA Indonesia's Indofood said it posted a net profit of 126.62 billion rupiah (5579.7 million) in the first six months compared with 84.32 billion rupiah over the same period last year. Reuter
        Reuter  -  38 words
      • Article, Illustration
        Quantum chairman in surprise resignation
        438 7  -  By Claire Leow THE chairman and chief executive of Quantum, the world's largest disk-drive company, William Miller, announced his surprise resignation on Thursday. His position as chairman has been filled by Stephen Berkeley, who was chairman and chief executive before Mr Miller took over. Mr
        438 words
      • Article
        Lock icon Kmart selling remaining stake in sportswear firm
        192 7 Bloomberg Business News TROY, Michigan Kmart Corp said it plans to sell its remaining 29 per cent stake in Sports Authority Inc in a transaction valued at about US$l64 million (Ss23o million), as it continues to sell assets and focus on core operations.
        Bloomberg Business News  -  192 words
      • Article
        Lock icon Rival compact disc makers discuss standard format
        270 7 Bloomberg Business News BERLIN Philips Electronics NV and Sony Corp said they have entered "preliminary" talks with rivals Toshiba Corp and Time-Warner Corp on using the same format for their rival compact digital video discs. An agreement could avert the kind of protracted
        Bloomberg Business News  -  270 words
      • Article
        Lock icon Holland's Nutricia buys baby food firm
        259 7 Combined group is Europe's largest FT BONN Nutricia, the specialised Dutch foods group, on Thursday beat strong competition to buy Milupa, one of Europe's leading makers of baby food, for 820 million Deutschemarks (*****.3 million). The combined group creates the largest baby food manufacturer
        FT  -  259 words
      • Article, Illustration
        Lock icon Shut that Window
        56 7 AFP NEW YORK Attorney Anthony Martin of the Committee to Fight Microsoft Corp distributes leaflets outside a Manhattan store on Thursday calling on customers not to buy Microsoft's Windows 95. Mr Martin claims that Windows 95 is not an "upgrade" and will require consumers to buy costly
        AFP  -  56 words
      • Article
        Lock icon ABN Amro 1st-half net profit up 7.5% on Latin American growth
        345 7 Bloomberg Business News AMSTERDAM ABN Amro Holding NV said first-half net profit rose 7.5 per cent as a decline in US and European earnings was more than offset by strong growth in Latin America and improvement at home. The
        Bloomberg Business News  -  345 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        431 7 li I U |> Ifc I* A ffwc iff n nra MRM y i, wyvw UmiM (BT) Mi Baton 1 11/95 J1 atongsade 26.06/0700 (BT) Hatomoar 5/95 11 afc**ade 26.08/2359 (BT) Nurdona 3/95 11 alongside 26.08/0000 (BT) Strati 5/96 11 **afe 26.08/0200 Mamr 01/95 117/18 alongside 26.08/2300
        431 words
      • Article
        CONTAINER SCHEDULES
        1692 7 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO s» IN* okm sss* srr s Aa Ony IMS 20/12* 25/17* 20/00* 2VWOO 3 20/07* 2S/1199 21/1400 4 it/1200 20/14* »WI AaU> OOOA 2B/1500 1A 25/1500 25/1059 25/19* Aa Shi 1MB 27/1000 II 25/15* ft/ISM 25/19* 4 20/1200 20/14* 20/17*
        1,692 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Merrill Lynch shopping for fund manager after Smith deal
        485 8 Reuter LONDON US investment bank Merrill Lynch is looking to buy a sizeable fund manager to fulfil its global ambitions after last month's £526 million (SSl.l billion) takeover of British broker Smith New Court. In an interview, Merrill's head of strategy
        Reuter  -  485 words
      • Article, Illustration
        US$ seen remaining bullish against mark, yen and Sing$
        342 8 DBS Bank weekly currency review LSS/mark: USS/mark traded between 1.4705 and 1.4925 in the first three days of the week before a rate cut by the Bundesbank sent the US unit soaring to 1.5000 on Thursday. But the rise was short-lived
        342 words
      • Article
        Lock icon Corporate tax time so Thai liquidity's expected to tighten
        338 8 Reuter BANGKOK Liquidity is expected to tighten in the Thai money market next week when about 30 billion to 40 billion baht (551.71-552.27 billion) will be drained from the system for mid-year corporate tax payments, dealers said. The expected tighter money
        Reuter  -  338 words
      • Article, Illustration
        Lock icon CRA's Pasminco sale ends Broken Hill ties
        495 8 Bloomberg Business News MELBOURNE CRA Ltd's sale of its remaining 10 per cent holding in Pasminco Ltd marks the end of CRA's 90year association with its birthplace, the Australian outback mining city of Broken Hill. The sale is worth AS 135 million (SS
        Bloomberg Business News  -  495 words
      • Article
        Lock icon ING first-half earnings jump 23%
        358 8 Reuter AMSTERDAM Internationale Nederland Groep NV (ING) said a massive surge in profit from securities trading in its banking division bolstered healthy insurance earnings and helped pre-tax profit soar 23 per cent in the first half of 1995. But Barings made almost no contribution to
        Reuter  -  358 words
      • Article
        Petrol rises as stockpiles seen low
        316 8 NEW YORK Petrol futures rose to the highest price in almost eight weeks as refiners and marketers in the US boosted low inventories to meet brisk summer driving activity. US petrol stockpiles posted a larger-than-expected drop of 3.8 million barrels last week to 199.4
        316 words
      • Article
        Lock icon LONDON
        202 8 Reuter LONDON The dollar wandered aimlessly at the European midsession after a failed bid to stay above 1.48 marks sent it down to rest on support. "It's tried the topside and what won't go up must come down," said a dealer. While most analysts remained bullish about an eventual
        Reuter  -  202 words
      • Article
        Lock icon NEW YORK
        96 8 AFP NEW YORK. The dollar was slightly up against most currencies, with the exception of the Swiss franc, in quiet trading in New York. Towards 1425 GMT, the dollar was trading at 1.4773 marks compared to 1.4760 on Thursday evening and 96.62 yen compared to 96.55.. In London
        AFP  -  96 words
      • Article, Illustration
        Untitled
        1137 8 V parr J lap 14 mdtqf pm >mll if ytw. IMS US$/S$ Itnrard rates Noon Am 25 SI M Ofc 1-raoMk 1.4199 1.4214 2-iiKMHh 1.4164 1.4179 3-fDoatt< 1.4134 1.4149 6-raomh 140)9 I 4099 Savor OCWC Source: OCBC FOREIGN CURRENCY NOTE RATES As at tan m Aag 25 Singapore dollars to
        1,137 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen lower, Eurodollars firmer
        1329 9 Reuter SINGAPORE Simex Euroyen futures ended lower but Eurodollars were firmer. Dealers said Euroyen saw volatile trade with heavy buying alternating with heavy selling through the day and market participants divided over whether the Bank of Japan would follow the Bundesbank move to cut interest rates.
        Reuter  -  1,329 words
      • Article
        Tin up on steadier London market
        686 9 COMMOOITY REPORTS v KL Tin TIN price on the KLTM rose nine sen to M 517.38 per kg yesterday following steadier sentiment on the LME. Lower offerings by miners ahead of the weekend also aided the uptrend. Renewed buying demand saw the metal open
        686 words
      • Article
        Pokka to import US, S'pore cans
        67 9 TOKYO Japan's Pokka Corp said yesterday it will begin importing two million cases per year of vegetable juice packaged in US-made aluminium cans from a subsidiary. Pokka said it will also import 1.6 million cases of tea packaged in steel cans made by its
        67 words
      • Article
        S Korea buys 1,000 bales of US cotton
        57 9 SEOUL A South Korean mill yesterday bought 1,000 bales of high quality US pima cotton for September shipment. Of the total, 500 bales of Grade One cotton was sold at US$l.45 (5J2.05) per pound FOB. Another 500 bales of Grade Two cotton
        57 words
      • Article
        Indon palm olein price falls
        66 9 KUALA LUMPUR The price of Indonesian palm olein has dropped, following recent Malaysian imports and higher harvests. This week, palm olein in Jakarta cost about 1,413 to 1,420 rupiah (84-85 Singapore cents) per kg, compared with more than 1,500 in July. Indonesia is estimated to
        66 words
      • Article
        India selling 150,000 tonnes sugar
        75 9 NEW DELHI India's state-run trading companies are trying to sell back into overseas markets some 150,000 tonnes of white sugar, the last of 409,000 tonnes booked for import in January. Of the original 409,000 tonnes, some 209,000 has already been resold, while 50,000 has reached
        75 words
      • Article
        India, ban discuss alumina plant
        38 9 NEW DELHI India's National Aluminium Co is holding talks with the Iranian government on a proposal to set up an alumina refinery and aluminum smelter plant, a senior Mines Ministry official said yesterday.
        38 words
    • Article
      COMMODITY PRICES
      1376 9 SICOM Futures (Mm dMtac m at SJtpa) MSlCtfrt (ScenU/k^) Ooae Volume Open Month High Low Sett (toua) I Moat Sep 9} 197.00 197.00 197.00 SO 930 Oct 198 00 194.00 194.30 77) 1323 Nov 198 00 194.30 194.30 M0 1123 Dcc 198 00 194.30 194.30 <00 1423 J
      1,376 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        874 10 +4.5 SHARE prices closed firmer vesterday on a bourse buoyed by recent strong profit results, rising commodity prices and bullish local bonds. "The market continued yesterday's rally on the back of a strong bond market and recent healthy corporate results," said a broker, adding that rising commodity prices also
        874 words
      • Article
        Manila
        584 10 +7.24 Share prices rose as investors took advantage of the downturn that had lasted most of the week. Speculation of an upturn next week and the rise of the Philippine Long Distance and Telephone in New York helped revive the market. The PSE Composite Index Mined 7.24 points to
        584 words
      • Article
        New Zealand
        303 10 +0.61 Stocks were mixed as rising interest rates clipped gains in newspaper stocks. Telecom gained on a stronger local dollar, and forester Carter Holt Harvey rose on eased fears about a prolonged strike. Workers in Carter Holt's packaging division staged a 24hour strike yesterday. A company spokesman said
        303 words
      • Article
        Seoul
        417 10 •6.72 Stock prices closed 0.7 per cent lower on a correctional sell-off led mainly by securities shares. "Following a week-long upswing, the market seemed rather wary today," said a trader. The Composite Price Index shed 6.72 points to 921.1. Turnover was to 30.29 million shares worth 491.16 billion won.
        417 words
      • Article
        Bombay
        78 10 -3633 Shares closed lower as speculators sold on political uncertainty ahead of the weekend. Traders said a couple of foreign funds were also sellers in the market. The BSE 30-share Index closed 36.33 points lower at 3,378.23 while the Composite National Index drifted 13.54 lower to 1,552.18. Dealers said
        78 words
      • Article
        Taipei
        482 10 +16.22 Share prices Finished higher amid cautious sentiment, thanks to selective buying of banking and insurance issues. "Buying of financial shares helped the market recover early losses despite continued uncertainties over the island's political outlook," said an analyst. The 321-issue Weighted Price Index rose 16.22 points to 4,670.61. Turnover
        482 words
    • WORLD STOCK MARKETS
      • Article
        Untitled
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        544 words
      • Article
        London
        661 10 +4.9 A LACK of market moving influences, minimal fund manager participation and the upcoming three-day weekend translated into narrow thin trading, leaving the FTSE 100 4.9 points up at 3,524.9 on the day. The modest gain was helped by a rise on the Dow but the relatively muted response
        661 words
      • Article
        Paris
        122 10 -1.36 French shares swung back down into the red, after a higher opening, as social and budget problems resurfaced with the return of the government from its holiday Finance Minister Alain Madelin outraged labour unions with his Thursday attacks on social benefits and civil servant pensions. The CAC-40 index
        122 words
      • Article
        Frankfurt
        195 10 -13.59 German shares ended lower as dealers tried to come to terms with views interest rates will not be lowered for some time to come. The DAX Index finished 13.59 points lower at 2,249.27. The Bundesbank's halfpercentage point cuts in the discount and Lombard rates on Thursday were so
        195 words
      • Article
        Brussels
        159 10 -3.28 Belgian shares ended lower but dealers said they hoped next week might see a small rebound as the summer holiday season came to an end and traders piled back into the market. The Bel-20 Index ended 3.28 points lower at 1,471.88. Volume was 1.33 billion francs. Two big
        159 words
      • Article
        Milan
        124 10 -52 Italian stocks fell in the week after August consumer inflation, released on Tuesday, was at the high end of expectations, dousing hopes that the Bank of Italy could follow the Bundesbank's lead and reduce rates. "People were waiting for a rate cut that never came," said a trader.
        124 words
      • Article
        Amsterdam
        213 10 +0.12 Dutch shares pared most of the morning's gains at the dose, slipping back from a new all-time intra-day high hit earlier in the session. The AEX Index closed 0.12 points higher at 464.61, off the intra-day high of of 466.61. The index had dipped into negative territory in
        213 words
      • Article
        Stockholm
        119 10 +1.52 Swedish stocks closed higher, led by Svenska Handelsbanken, as bond prices continued to rise. The OMX Index closed up 1.52 points to 1,378.87. Bonds prices rose earlier, following 30-year US Treasury bonds, which were recently at 101-4/32, up 1/32. Next week should "start 3uietly with a public holiay
        119 words
      • Article
        Zurich
        195 10 +5.2 Swiss shares ended firmer after interest by US investors in pharma group Roche led the market up in late trading. Other drug firms benefitted from Roche. The SMI Index closed up 5.2 points at 2,892.3. The All-share SPI was up 1.04 at 1,906.48. Most-active Roche certificates ended up
        195 words
      • Article
        Johannesburg
        361 10 -7.5 South African shares ended a largely inactive day slightly easier as few buyers came to the market amid caution ahead of the weekend. Traders said a continued lacklustre gold price had slowed related stocks, while industrials drifted as world markets struggled for clear direction. Gold shares shifted ofT
        361 words
      • Article
        Toronto
        196 10 -3.0 Stocks opened easier down in quiet trading, cooling along with the weather without some definitive news. The TSE 300 slipped 3.0 points to 4,593.4 6n volume of 8.0 million shares with a value of Cslo9 million. Toronto a«m ci +TWU Met 23 6/1 l/« Alcaa Aiwa 47 3/1
        196 words
      • Article
        Now York
        723 10 +19.37 Stock prices edged higher in quiet trading as the market drew encouragement from stronger bond prices and the easing up of the sell-off in technology issues. The Dow Jones Industrial Average, which eased 4.23 points on Thursday, was ahead 19.37 to 4,599.99 at 11am EDT. The NYSE
        723 words
    • Article, Illustration
      Lock icon HONGKONG
      2557 11 Bloomberg Business News HONGKONQ Stocks were mixed as higher property and banking stocks were balanced by a decline in conglomerate Hutchison Whampoa and shares in Chinese companies. While the prospect of lower interest rates helped banking and some property stocks, other stocks fell on the back of disappointing earnings.
      Bloomberg Business News; Source: Bridge Info  -  2,557 words
    • Article, Illustration
      Lock icon CHINA
      597 11 CLSA MAANSHAN'S appalling interim results on Thursday devastated market sentiment towards Hongkong H shares, which fell 42.03 points to 1,042.66 on turnover of US$lB million. The nervousness extended to those companies which have yet to report results. Maanshan sank 10.7 per cent on turnover of US$4 million. Amidst the
      CLSA  -  597 words
    • Article, Illustration
      Lock icon TOKYO
      2438 11 Bloomberg Business News TOKYO Stocks tumbled for a third day this week, as Thursday's rally in stocks of drug makers unravelled when investors reacted to a disappointing announcement from Japan Tobacco (JT) on its drug research. "The whole market was tripped up by the wave of sell offers of
      Bloomberg Business News; Source: Bridge Info  -  2,438 words
    • Article, Illustration
      Lock icon BANGKOK
      1456 11 Reuter BANGKOK Stocks finished slightly higher but the rise was capped by a thinlyveiled army criticism of the government. The SET Index added 3.59 points to 1,349.33 in trade worth 4.3 billion baht. Risers beat falls ISB to 111. The index rose 11.77 at the opening but fell as
      Reuter; Source: Bridge Info  -  1,456 words
    • Article, Illustration
      Lock icon JAKARTA
      1160 11 Reuter JAKARTA Share prices closed little changed in quiet trade, with many players staying on the sidelines. The Composite Index was up 0.26 point to 500.60. "Trading was uninspired. Volume was thin, with Mas Murni becoming the focus for domestic players,' one broker said. He said there was no
      Reuter; Source: Bridge Info  -  1,160 words
    • Article
      CLOB INTERNATIONAL
      2527 12 Cr Gr IMS Last Vol Day Lot Qmot Dtv Di» VM NO M (ap Ht§h Low Son Coapaay Sale (WO) High Lam Bayer Seller CV P/E Soil MALAYSIAN STOCKS 47# m 5000 A1SB 50c 402 -2 76 410 400 402 406 30 -2.9 02 412.) 127 77.5 m
      2,527 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks mixed as players focus on Second Board
        6665 12 Bloomberg Business News KUALA LUMPUR Stocks were mixed as declines by conglomerate Sime Darby pulled down the benchmark index and local investors bid up smaller stocks on the exchange's Second Board. The KLSE Composite Index fell 0.84 points to 1,028.76. The Emas
        Bloomberg Business News; Source: Bridge Info  -  6,665 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        7177 13 tm Lea Vtl Day Lea O** N> Mr YH IM C— An H» Ua SM. I 1 s2> m W I" trn rn i2m. MBUSnML AND COMMESCML «N 3U a I 1000 Aon 50c 4M +4 IU 470 4M 4M 4T0 22J 5.1 2-4 9.1 645.2 4*5 4)0 450 I
        7,177 words
      • Article, Illustration
        Lock icon Takeover rumours boost Sesdaq and second liners
        1866 14  -  By R Sivanithy SINGAPORE Takeover rumours and speculative merger stories yesterday provided the fuel for a strong day for Sesdaq and second liners, while blue chips managed to regain much of the ground lost recently. Gains in Cycle Carriage and Keppel Corp, two
        Charts by Bridge Info; Source: Bloomberg  -  1,866 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      209 5 NEWS VALUE STIC president stepping down te join Nomura S pore (pg I) STIC being government-linked, impact likely to be muted. Electronics sector stocks poised for bull ran: analysts (pg I) Bull run seems likely, but interests largely speculative. IDO rates rise lor China, dip for S Korea, Thailand (pg
      209 words
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      Page 9 Advertisements Column 1
      115 9 SANKOSHA ENGINEERING (S) PTE LTD (Incorporated in the Republic of Singapore) LOST CERTIFICATES Notice is hereby given that the following certificates have been reported lostCert No Of Inthenameof Noe. Sheree 9 37,500 Sankosha Company Tokyo Japan 10 22.500 KoshinshaCaUd 11 30,000 Fujiolto 12 15,000 Kouichi Imai 13 15,000 KikueTakahashi Notice
      115 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
      121 10 "Die cabin Is a triumph. "If cars were sold exclusively "Along with the wood and "The use of wood is subtle and Fine leather and wood blend on showroom appeal, then we leather, the 820 comes with pleasing, the leather trim is perfectly to create an ambience would not be
      121 words
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      112 12 IStop by any Hong Leong Finance or Singapore Finance branch with your share scrips, allocation slips and contract notes. Ported Hteeths Rate Discounted* p a Receive cash over the counter up to 70%* of the current j month 0.9 10.89 market value or cap price (whichever is lower). 2 months
      112 words
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      Page 14 Advertisements Column 1
      217 14 BS®® MFSline An SPH AudioTex Service ENGLISH NUMBER MANDARIN NUMBER Children's Funland 910-0001 Kid's Stories 910 0901 Usbome Puzzle Adventures 910 0002 Zaobao Kid's Comer 910-0902 Horse Racing Results 911 0001* Friday Weekly 910 0903 4D/Sweep/Toto 911 0002* Horse Racing Results 911 0901* Tele-Games 911-0003 4D/Sweep/Toto 911 -0902* Mensa Line
      217 words
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      Page 14 Advertisements Column 2
      343 14 ■w—pnra Cloihg Shar* Mom 18/oa/ItM JBBSL HI «m —w—» CM 7JI MS 7.10 PMMJ SM SIM M> Pubfcahad by Jardna Ramta Intarnabonal SacuMaa Umtad (Incorponnd Bnoah VWgn island) '■vhhuhi irmammmmn mm BUSINESS ASM The Conference for Asian businesses that want to find out how to use the Internet to increase
      343 words
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  • ISEAS Trends
    • Article
      Asean-ising S-E Asia
      1024 15  -  Asean has its work cut out Bilson Kurus looks at a future with an Asean of 10 members Bilson Kurus •Dr Bilson Kurus is a Visiting Research Associate with the Institute for Development Studies, Sabah, Malaysia. ON July 28, Vietnam was formally welcomed into the Asean fold
      1,024 words
    • Article, Illustration
      Is Asia realigning geopolitically?
      754 15  -  Derek da Cunha examines the prospects for strategic shifts in the Asia-Pacific Derek da Cunha Dr Derek da Cunha is a Senior Fellow at the Institute of Southeast Asian Studies, and is Editor of Trends. CONVENTIONAL wisdom has it that strategic, rather than economic, imperatives were
      754 words
    • Article, Illustration
      ARF's challenges
      1361 15  -  The recent progress made by the Asean Regional Forum might well be reversed by a combination of factors, institutional and geopolitical. Amltav Acharya throws light on the subject Amitav Acharya Dr Amitav Acharya is an Associate Professor of Political Science at York University, Canada. THE second meeting of
      1,361 words
    • Article, Illustration
      Whetting Singaporeans' appetite for more
      1023 16  -  Liak Teng Kiat analyses the predisposition of Singaporeans three decades after independence Liak Teng Kiat Liak Teng Kiat is p Fellow at the Institute of Southeast Asian Studies. SINGAPORE entered its 30th year as a sovereign state on Aug 9 with much, objectively, to be
      1,023 words
    • Article, Illustration
      Facing up to the historical record
      837 16  -  Reflections on WWII fifty years on Truth continues to be a casualty in historical accounts of the Second World War. Peter Van Ness looks at the issue Peter Van Ness Dr Peter Van Ness is a Visiting Professor in the Faculty of Law at
      837 words
    • Article, Illustration
      The end of the Pacific War
      857 16  -  In the post-war era, Europe had won a victory over itself. Asia, however, has not. Diana Wong examines the contrast Diana Wong Dr Diana Wong is the Deputy Director of the Institute of Southeast Asian Studies. EUROPE, it would seem, has finally oome to
      857 words
    • Article, Illustration
      Indonesia's defence policy matrix
      1274 17  -  Bob Lowry analyses the fundamentals of Indonesia's defence and security policy, and the prospective changes to the structure of its armed forces Bob Lowry Bob Lowry is a Visiting Fellow at the Australian Defence Force Academy, Canberra. IN 1993, Indonesia commenced its second 25-year, long-term development
      1,274 words
    • Article, Illustration
      What the West needs to understand about Indonesia
      1088 17  -  Western criticism of Indonesia is often based on a superficial reading of the country. Leonard C Sebastian looks at the issue Leonard C Sebastian Leonard C Sebastian is a Fellow at the Institute of Southeast Asian Studies, Singapore. ON Aug 17, Indonesia
      1,088 words
    • Article
      Deeds differ from words
      1063 18  -  China's economy, political system and ties with the US Richard Halloran analyses the widening gulf between China and the US Richard Halloran Richard Halloran, formerly with The New York Times as a foreign correspondent in Asia and military correspondent in Washington, writes about security in Asia
      1,063 words
    • Article, Illustration
      Characteristics of China's privatisation
      1080 18  -  Is China's fast-paced economic growth contingent on the State's privatisation push? You Ji provides some answers You Ji Dr You Ji is a Lecturer with the Department of Political Science, University of Canterbury, Christchurch, New Zealand. CHINA'S transition to a market economy has brought reforms from
      1,080 words
    • Article
      China's efforts at political modernisation
      1712 18  -  Sebastian Heilmann looks at how the totalitarian political order of Mao's era is gradually making room for an authoritarian corporatist system Sebastian Hellmann Dr Sebastian Heilmann is a Senior Researcher at the Institute of Asian Affairs, Hamburg, Germany. His book Political Change in China: From
      1,712 words
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      Page 15 Advertisements Column 1
      213 15 Asean in WTO: challenges and responses THE 1995 Asean Roundtable will be held on Aug 30-31, 1993, at the Regent Singapore. The two-day, closed-door conference is jointly organised by the Institute of Southeast Asian Studies (ISEAS) and the Asean Secretariat (Jakarta). The objectives of the Asean Roundtable series are to
      213 words
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      154 17 f p. ffHMv# of the Institute of Southeast Asian Studies INDONESIA'S FINANCIAL LIBERALIZATION An Empirical Analysis of 1961-88 Panel Data Miranda S. Goeftom Using 1981-88 panel data on Indonesian manufacturing establishments and a survey of 200 top businesses in Indonesia, this book analyses the consequences of financial liberalization on investment
      154 words
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  • Executive Lifestyle
    • Article, Illustration
      Spicing up Jakarta's food scene
      1622 19  -  Maggie Ford looks at how the many international restaurants that have invaded the Indonesian capital recently are faring Maggie Ford IMAGINE a city with a million people earning $3,000 a month, with a car, a house and a good job but few places to go
      1,622 words
    • STRAWS IN THE WIND
      • Article
        Vital C's
        29 19 Have you heard the latest in *Cs7 Now Singaporeans want 'double Cs' credit card, cool cash, chic condo, country dub, challenging career, clever children, and China connections.
        29 words
      • Article
        Cheap Charlie
        31 19 A senior bank executive whispered that he has a rival bank's credit card rather than his own bank's. Why? Because the rival bank waived its annual fee for him.
        31 words
      • Article
        No need for Chubb
        40 19 WHO needs fire alarms? Not the Kuching International Airport, where this sign was spotted: "Fire and Evacuation procedure. Any person discovering smoke or fire, alert others by shouting Tire! Fire! FireP By Order, Malaysian Airports Bhd"
        40 words
      • Article
        Rich food
        25 19 NOW you know what cooks mean when they talk about "rich ingredients". A sign at a hawker centre proclaims: "Self-made Niang Dou Fu".
        25 words
      • Article
        Double standards
        40 19 Is TCS being a little inconsistent in their censorship? A bare bottom was glimpsed on NYPD Blue but a scene in Star Trek showing Captain Picard and crew painting a nude form (a naked Klingon, perhaps?) was snipped.
        40 words
    • CORPORATE PROFILE
      • Article, Illustration
        Lock icon Typhoon Ting on course
        1745 20 Ekran boss Ting Pek Khiing has earned for himself a place in Malaysian corporate histoiy as one who delivers, and in record time too. And he believes that he can complete the controversial M$ 15 billion Bakun project in six years Malaysian Business FOR a man
        Malaysian Business  -  1,745 words
      • Article, Illustration
        Lock icon 'I don't have nightmares on the Bakun project'
        1290 20 Malaysian Business AN endless stream of visitors file in and out of the modestly furnished 15 th floor offices where Bakun Hydroelectric Corporation Sdn Bhd, an Ek- ran subsidiary, is located. They all beat a path to the door of Ekran boss
        Malaysian Business  -  1,290 words
    • Opinions
      • Article, Illustration
        Beware doomsday cults as Year 2000 nears
        944 21  -  LETTER FKCM LONDON NEVILLE STACK The writer is a political correspondent based in London. He writes regularly for BT IT IS a seductive notion all right, that the world will suddenly become a better place when the year 2000 dawns. There is not
        944 words
      • Article
        Shareholders have right to financial information
        310 21  -  LETTERS TO THE EDITOR Chan Lai Fung (Ms) Deputy Director (Investment Regulatory Services) for Permanent Secretary Ministry of Finance Revenue Division WE REFER to the letter "Simplified reports also wasteful" from Yong Yew Ho which was published in the Business Times of Aug 19-20.
        310 words
      • Article
        Road to greenhouse policy
        419 21  -  Alan Manne The writer, a professor emeritus at Stanford University, contributed this comment to the International Herald Tribune EARLIER this year, the world's nations agreed to move to adopt targets and time tables to reduce greenhouse gas emissions by developed countries. The agreement, the Berlin Mandate,
        419 words
      • Article, Illustration
        Men of letters clash over Khmer Rouge inquiry
        972 21  -  The US State Department has been dragged into a war of words between two leading academics over who ought to conduct an inquiry into the Cambodian genocide, reports Harish Mehta Harish Mehta The writer is a BT correspondent specialising in Indochinese affairs
        972 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (Aug 28-31)
          444 22 Those polled on their views of the Singapore stock market for the week ahead: Baring, Credit Lyonnais, Daiwa, Kay Hian James Capel, Morgan Grenfell, Peregrine, Phillip Securities and Smith New Court. Buy! Smith New Court (Aug 18) IPC Corporation (SS0.90). Interim results were in line
          444 words
        • Article, Illustration
          In my opinion...
          512 22  -  Yang Sy Jian Head, Economic Research Kay Hian James Capel Research *P ÜBLIC opinion remains negative on property prices and some of the reactions to the recent announcement of a new tier of public housing in Singapore the executive condominiums only serve to reinforce this. While most
          512 words
      • Article, Illustration
        Stick to tried and true stocks
        853 22  -  THEWEEK By Catherine Ong CONSIDER the following events. Political jittere hit Taiwan as China steps up its psychological offensive. Taipei share prices plunge, down by more than 40 per cent since the start of the year. Confidence is further shattered by a series of
        853 words
      • Article, Illustration
        Indonesia's pulp, paper firms expected to be rolling in cash this year
        655 22  -  William Chia delves into The Estimate Directory and discovers that the sector's profits are forecast to rise a record 122% William Chia EARNINGS for the Indonesian pulp and paper industry this year are expected to more than double,
        655 words
      • Article
        S'pore stocks lead growth in economy by 3 months: NUS study
        261 22 SINGAPORE stock prices have tended to move three months ahead of economic growth, according to a study at the National University of Singapore (NUS). Using a simple correlation test called the Spearman's rank correlation, Ong Chin Huat and Chow
        261 words
      • Article
        Understanding loan stocks
        592 22  -  Don't be put off by the intricacies of this sector, says R Sivanithy R Sivanithy LOAN stocks, the oft neglected sector of the stock market, have been quietly making gains of up to 20 per cent this year. Retail investors who are risk averse in their investment
        592 words
      • Article, Illustration
        Lock icon Bullish about the greenback's strength
        726 23  -  The US dollar is likely to stay firm for another 30 months, and regional currencies will stage a dramatic rally against the yen and the mark, says Dr Daniel Lian Dr Daniel Lian The writer is regional economist at Nat West Markets SINCE last month,
        Source: NatWest Markets  -  726 words
      • Article, Illustration
        Lock icon Jakarta stock market still looks good despite recent rise
        680 23  -  Foreign institutional investors have started to come back to Indonesia. William Chia tells what's boosting the bourse Eye on the region: Indonesia William Chia THE Jakarta Stock Exchange (JSE) is currently consolidating around the 500-point level on the Composite Index after
        Source: Bridge Info  -  680 words
      • Article, Illustration
        Lock icon Those who dare, buy
        746 23 In Taiwan, pessimism is black and thick as treacle, writes London-based firm Independent Strategy. But trouble today is jam tomorrow for those who are brave enough to buy Taiwanese equities FRESH from a visit to Taiwan, we are more enthusiastic about its stock market than before.
        Source: Datastream  -  746 words
      • Article
        Untitled
        721 23 Deposit amount 1-wk l-mth 3-mth 6-mth Deposit amount l-wlt l-mth 3-mth 6-mth Bank of China £25.000 £49,000 6.0000 6.1300 6.1900 AS Sfr ***** 49 999 99 5 0000 6 7500 6 7500 6 8125 SI0,000 Sfr99,999 2.1900 2.1900 2.0600 IU.UXJ 4V.WV.W 5.00U0 6.7500 6.7500 6.8125 SfrlOOOOO Sfrl49 999 2 2900
        721 words
    • Article, Illustration
      Comics lovers' paradise
      693 24  -  Weights By Lee Wai Leong THE World Wide Web is almost a dream come true for lovers of comic strips. 1 say "almost" because congestion on the Web has got to the point where it can take the better part of five minutes just to load a
      693 words
    • Article, Illustration
      Lock icon Portrait of a master
      1073 24  -  Senior Minister Lee Kuan Yew Corinne Kerk Corinne Kerk meets Paris-trained Lai Kui Fang who has paintedanany VIPs and politicians, including LAI KUI FANG's Serangoon Gardens home is just the sort of place you would expect an artist to live in. From the rickety silver metal
      Photo by Chris Loh  -  1,073 words
    • Article, Illustration
      Where Washington politics is unravelled
      498 24  -  Travel By HARISH MEHTA WHEN two enterprising reporters put the kibosh on the career of an American president, they owed much of their success to a meeting place where they could meet their source discreetly. The meeting place, in Arlington, Virginia, was perfect —just 10
      498 words
    • Article, Illustration
      Bangkok's little Germany pulls in the crowds Bangkok's little Germany pulls in the crowds
      664 24  -  Loh Hui Yin visits Paulaner Brauhaus, Thailand's first micro-brewery, where yuppies guzzle beer, feast on sausages and make merry Loh Hui Yin THE idea was bold, even audacious: serving stodgy German sausages and sauerkraut in Bangkok's
      664 words
    • Article, Illustration
      A gripping tale
      987 25  -  nm 11 Dauiaiaj unemi rcvkw By SHAHIRON SAHARI SOME PEOPLE believe man has yet to set foot on the moon: that all those Apollo space landings from 1969 on were just a grand US$25 billion hoax designed by Nasa to beat the Soviets in the race to
      987 words
    • Article, Illustration
      Making a joke out of a legend
      632 25  -  By CORINNE KERK A TALE of the legendary King Arthur and the Knights of the Round Table isn't a particularly difficult one to tell. It gets better when you throw in his queen, Guinevere, who happens to be in love with someone else.
      632 words
    • EPICURE
      • Article, Illustration
        Traditional Italian fare
        827 26  -  Bon Appetit By JAIME EE THERE'S been a low buzz in local food prcles lately about this new Italian restaurant that's just opened at the Goodfrood Park Hotel as if we need yet fnother pasta joint on our olive-oiled lores. But since curiosity is the mother f
        827 words
      • Article
        Domaine Weinbach's elegance and finesse
        764 26  -  Wine By N K YONG MADAME Colette Faller of Domaine Weinbach in Alsace is another of those redoubtable women in wine, past and present, who were and are the driving force behind their wines. Together with her two daughters, Catherine and Laurence, she now runs
        764 words
    • People
      • Article, Illustration
        Hotel guests play Sherlock Holmes
        202 26 THE Inter-Continental Hotel group's newest addition in Singapore opened last month with a flourish and a mystery. On opening night on July 19, more than 750 invited guests were treated to a lavish evening of intrigue in the picturesque boutique hotel. Guests had previously received
        202 words
    • Article, Illustration
      CINEMA
      1062 28 Agafla 13. Tom Hanks and his crew shoot for the moon, and miss. The earth bound try to get them home. Ron Howard's film is based on a true event. Lido. Prince: 11.45pm. Oriental, Changi: 12am. Jurong, Hougang: 4.45; 11.45. Republic: 4.45: 9.15; 11.45. Yishun: 4; 11.45. Bishan. 4.20;
      1,062 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
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      48 words
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  • Page 21 Miscellaneous
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      Page 21 Miscellaneous Column 1
      78 21 SINGAPORE Ink M C CHOY I" j£' t ofn*ost Yhc sar#e,€*// *«ct cheaper/Why fay y/ "far Just a bra*J ll &te< COndo. Co*do H4opf_ i suppose. »T'S ONLY f TWE. BE.G&«NG BOUJL P>^Dl I SEE. SOUVt FR.EMDS X <* TIM& J l l s orsl 7 U)iTM T\W DE/O&EAT" WHO
      78 words
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      Page 27 Advertisements Column 1
      1099 27 3 /ftwfpFpfefT I lEm Y l!u B Ifcl j I3?W»TTnK J:f JJW WHERE TO WINE, DINE AND ENTERTAIN WORLD'S yWOCST SEUJNt? BCER <^h->^UtA r i n "iii "~~s®i flmtfufli ElHtx MMWIw W*wllwVWVw Just spend $500 and abc*# wflhin 6 morths <* any o< our ouirti to quakfy lor our gold
      1,099 words
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      Page 27 Advertisements Column 2
      255 27 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.
      255 words
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  • Page 28 Miscellaneous
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      Page 28 Miscellaneous Column 1
      2455 28 TODAY'S TV ■■nm Hf!VfnV3TTSTf7IH BBBBBBT OJO IMM/Smmh J-5 KS^TsSiwal 11 Tfce Cemedy of Errors, 12pm, Cloeme Cinema Chin, 2pm, V 8.02 Sarepea Malaysia. Ck 12 Ch 5 I 8.15 Uhin SwcMi L A merchant has identical twin A boy's toy, The Indian In The W H 118,, i sons and
      2,455 words