The Business Times, 23 September 1995
1995-09-23
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The Business Times
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Title Section13 1995-09-23 1 Business Times WE KNOW A MITA(P) 194/12/94 Weekend Edition, September 23-24 1995 85*13 words
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439 1995-09-23 1 David Mok - By David Mok SINGAPORE Two American majors in the hard disk drive business have announced plans to set up new multi-million dollar plants here, giving a further boost to Singapore's $11 billion-a-year drive industry. Disk media maker StorMedia Inc plans439 words
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Article, Illustration648 1995-09-23 1 Anna Teo - Growing evidence that the recent slowdown may be over Anna Teo SINGAPORE Growth in non-oil domestic exports picked up for the second month in August, surging 19.2 per cent in real terms and sparking confidence that the recent slowdown is over. Economists said the AugustSource: TDB - 648 words
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Article, Illustration423 1995-09-23 1 Michelle Low - By Michelle Low SINGAPORE Housing estates in the Mountbatten area have been earmarked for redevelopment and upgrading. For a start, 25 rental blocks in the Guillemard estate will be torn down and redeveloped into 500 units at a cost of $75 million.423 words
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210 1995-09-23 1 UPI, Reuter, AFP LONDON The US dollar continued to crumble across Europe yesterday, touching 98.10 yen at one point, in a chaotic end to one of the most eventful weeks in some months on currency markets. At 2 pmUPI,; Reuter,; AFP - 210 words
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Article, Illustration372 1995-09-23 1 Paul Leo - By Paul Leo SINGAPORE The Singapore International Monetary Exchange yesterday disclosed its interim results for the first time to underline that it has weathered the Barings debacle. For the six months ended June 30, Simex posted net earnings of 1 5.21372 words
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Article111 1995-09-23 1 Reuter NEW YORK Stocks fell yesterday as Wall Street was rattled by a dollar-related sell-off in overseas markets. Traders also were worried about the recent jump in bond interest rates, analysts said. At 2 pm EDT, the Dow Jones Industrial Avenge was down 16.98 points atReuter - 111 words
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Article162 1995-09-23 1 Stock wM Meat Frtfay Ckmm STII... 2,***** +2.02 KLSECotnp 1,017.25 +14.41 Nikkei 17,***** -320.86 Hang Sent 9,541 J 7 +5.60 SET Index 1,307.99 +4.32 Jakarta Comp 492.11 -0.79 Manila Oomp —2,725.29 -11.64 Taipei WP1 xtand Seoul Comp 997.74 -14.55 BotnbavB$B30 ..3,444.40 +20.22 CLSA China B _~.J51.36 -5.31 AntADOrd 2,139.4 -8.9162 words
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Page 1 Advertisements
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Advertisement14 1995-09-23 1 Art and antiques: el i Taking stock of Tresors j i( y^xu v ■I14 words
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Advertisement8 1995-09-23 1 Singapore IPOs: el 4 The pricing looks right8 words
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Advertisement17 1995-09-23 1 Hock Lock Siew: pg 5 L Telekom Af'sia wins converts Dollar slump making markets dangerous, Pg 417 words
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Advertisement100 1995-09-23 1 Corporate Profile: el 2 The challenge facing Thai telecoms group Ucom M 1^1 BT Online Look as ap at httptil www.asial.com.ag/biztimes —r.*.- ■i r A u -v< .T'U r k ft K v Mg A 'M > IV-f-l 11 4 i' r !K V. If Roiex Day-Date. Chronometer in 18100 words
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Advertisement19 1995-09-23 1 7pm Mm 7 SjS JgMjNm —M Rmni U NtfM sl*S SB 12-14 B3 SST _S IV ail Smm/Zmmm "l19 words
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SINGAPORE NEWS
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Article, Illustration511 1995-09-23 2 Chuang Peck Ming - World Economic Forum By Chuang Peck Ming THE Europe-East Asia Summit will be shaped along the line of Apec but with one difference it will also include political and security issues on its agenda. Apec (Asia-Pacific Economic Cooperation forum) is con- finedPhoto by Albert Sim of The Straits Times - 511 words
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Article, Illustration653 1995-09-23 2 Vikram Khanna - FORUM WRAP-UP Eveiy year, Europe and East-Asia seem to have more to talk about By Vikram Khanna At the end of a dinner party, after the guests have gone, it pays to reflect a while on how the evening went. The World Economic Forum, which packed653 words
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248 1995-09-23 2 SIX Housing Development Board maintenance inspectors were yesterday charged with corruptly accepting a total of $142,000 from various contractors for taking a lenient view of the latter's work. One of the accused, Ng Hock Soon, 36, faces a total of 73 charges for accepting248 words
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Article, Illustration279 1995-09-23 2 Harish Mehta - By Harish Mehta THE integration of the Me-kong-6, based on combined tourism and infrastructure development, will be more concrete and practical than that of Asean, said Cambodia's First Prime Minister Prince Norodom Ranariddh. The Mekong-6 countries would be bound not by ideology but279 words
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314 1995-09-23 2 Toh Han Shih - By Toh Han Shih THE government will soon raise the salary ceiling in the Employment Act and the Workmen's Compensation Act to reflect wage increases in the last three years. Yesterday, the labour ministry said that from Nov I, workers314 words
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395 1995-09-23 2 Christopher Tan - By Christopher Tan THE Registry of Vehicles collected $4.2 billion in revenue in 1994, almost 24 per cent higher than the previous year's $3.4 billion. Certificate of Entitlement premiums made up the bulk of the takings at $1.9 billion, up 46 per cent395 words
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192 1995-09-23 2 THE Public Utilities Board will be restructured into three entities a new Public Utilities Board (PUB), Singapore Power and Tuas Power from Oct I. The new PUB, which will remain a statutory board, will be headed by present PUB chairman Lee192 words
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405 1995-09-23 2 SINGAPOREANS must adopt an open attittide towards immigrants because they add to the country's pool of talent and help it remain nimble enough to adapt to challenges ahead, Deputy Prime Minister Lee Hsien Loong said yesterday. "If we fail to do405 words
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Page 2 Advertisements
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Advertisement10 1995-09-23 2 i STAe asked to consider setting up airline, PG 310 words
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Page 2 Miscellaneous
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Miscellaneous369 1995-09-23 2 MfrfMMt Ml* Caad. Cmm Mf CMC Bum* Mat 17/07 Ctau* MM 15/08 Shtxwri Mlaidn 16/08 Cloudy fHfl—l 14/03 Ctaudr Ban#** 33/34 Ctaudr «M 27/30 Ooud» Mondukj 23/34 Shown BaWm 34/18 Ctaudr 17/07 3iu—» Houatan 19/13 9nm Bambar 31/38 Stan 16/08 Ctaudr Ut Va«M 38/19 S«*wr Bunta 33/26 Ctaudr U» Unpin369 words
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THE REGION
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340 1995-09-23 3 FT BANGKOK Foreign banks in Thailand have given a commitment to rein in lending for the rest of this year, the country's central bank said yesterday. The commitment was given after the central bank complained that the banks had sharply exceededFT - 340 words
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Article, Illustration259 1995-09-23 3 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Australian economy will grow by 4 per cent in the current financial year, says visiting economist David Morgan. But growth will slow to 2.5 per cent in 1996/1997 before racing again in the late-*****, adds259 words
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66 1995-09-23 3 SINGAPORE Malaysian tycoon Amin Shah has ventured into publishing with the launch yesterday of a new Singapore-based media outfit Venture Asia. Venture Asia will publish a range of travel trade and consumer titles, organise and manage trade shows and exhibitions and offer marketing services to66 words
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Article, Illustration58 1995-09-23 3 Reuter CANBERRA Leader of the conservative Liberal-National coalition, John Howard, in the so-called "debt truck", a mobile billboard showing the interest rate bill on Australia's A$ 180.48 billion (S$ 193.3 billion) debt. The truck is making its way around Australia as the country prepares forReuter - 58 words
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Article60 1995-09-23 3 Reuter BEIJING North Korea said yesterday it had attracted USS2OO million (SS2B6 million) in investment commitments from 23 countries to a free trade zone bordering China and Russia. North Korean organisers said plants already were being built in the Rajin-Sonbong Free Economic Zone, but saidReuter - 60 words
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Article39 1995-09-23 3 Reuter TAIPEI Typhoon Ryan killed four people and wreaked havoc in Taiwan and the Philippines yesterday but veered away from Taiwan, raising hopes the island would escape the full brunt of its ferocious winds. ReuterReuter - 39 words
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228 1995-09-23 3 UPI MANILA Philippine President Fidel Ramos yesterday ordered the public works department to study the US$l billion (SSI.4 billion) dam project proposal by a British-led consortium and quickly submit recommendations. The Laiban Dam project, spearheaded by Europe's leading engineering consultant firm WSUPI - 228 words
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320 1995-09-23 3 Harish Mehta - By Harish Mehta SINGAPORE Singapore Technologies Aerospace (STAe), a member of the Singapore Technologies group, has been asked by the Cambodian government to consider setting up a second Cambodian airline. The company, formerly known as Singapore Aerospace, may also build an aircraft320 words
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Article, Illustration470 1995-09-23 3 A popular figure, thanks to his tough stance in trade talks with US AFP, Reuter TOKYO Japanese business leaders welcomed yesterday's election of Trade Minister Ryutaro Hashimoto as head of the Liberal Democratic Party (LDP), hoping he would exercise leadership in reviving theAFP,; Reuter; AFP - 470 words
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309 1995-09-23 3 Reuter TOKYO A mountain climber who practises medieval swordsmanship for a hobby, Ryutaro Hashimoto is the man Conservatives hope will rescue Japan from drifting under an awkward coalition government with no clear agenda. He looks smooth, is a favourite withReuter - 309 words
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251 1995-09-23 3 Bernama, Bloomberg Business News HANOI Vietnam, after separate discussions with British and French lawyers recently, will amend for the third time her foreign investment law first introduced eight years ago. This is to make the law more liberal and attractive toBernama,; Bloomberg Business News - 251 words
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218 1995-09-23 3 AFP BANGKOK A controversial committee set up to investigate US drugs allegations against leading members of TTiai land's ruling party stirred up a storm at its first meeting yesterday. Thanat Khoman, chairman of the government-appointed inquiry commission, challenged the USAFP - 218 words
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193 1995-09-23 3 AFP BEIJING Motorola China Electronics Ltd (MCEL) said yesterday it would build a US$72O million (S$ 1.03 billion) semi-conductor plant in Tianjin. "This investment will bring world class technology into China and enhance Motorola's philosophy to develop, together with China, the Chinese electronics industryAFP - 193 words
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Page 3 Advertisements
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Advertisement128 1995-09-23 3 A Pair of William Silver Wine Coolers Estimate: 5535.000 45.000 HHHMf i Auctions: Gallery Talks: 27/9 Decorative Art s:3opm 30 September 1995 S E A. Pictures 6:3opm Straits Chinese Ceramics and Works of Art 28/9 Silver s:3opm Art Appreciation 6:3opm 1 October 1995 29/9 Malaysian Paintings s:3opm South East Asian128 words
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REGION/WORLD
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605 1995-09-23 4 Neil Behrmann - From Neil Behrmann in LONDON INTERNATIONAL financial markets are caught in a whirlpool created by foreign exchange turmoil. "Be extremely wary of bond, stock and currency markets, they are likely to be volatile and dangerous in the short term," said Michael Burke, a605 words
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561 1995-09-23 4 Big jumps in sales in Taiwan and Singapore UPI WASHINGTON US software sales in the Asia-Pacific region hit US$325 million (*****.3 million) for the second quarter of 1995, up 94 per cent over the same period last year, industry leaders announced on Thursday.UPI - 561 words
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Article1481 1995-09-23 4 AIRCRAFT ARRIVALS DEPARTURES ag wtft no HM< n» MMM> QF81 1930 QF82 2065 <■— RJ187 0130 (■Mh SQ2S 1215 GA890 0206 KL837 1450 KL838 2300 SQ324 2330 AmMmhI NZ21 1735 NZ22 1920 SQ286 2040 MhpM BM21 1105 SQ182 0915 SQ181 1410 B422 1210 BM27 1720 8428 1820 MM— MZ906 11501,481 words
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Article481 1995-09-23 4 Possibility of further interest rate cuts not ruled out Reuter WASHINGTON Federal Reserve Chairman Alan Greenspan yesterday said the US economic outlook has turned up recently, but that some concerns remain. "The near-term prospects for the US economy have improved in recent months," the central bankReuter - 481 words
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Article, Illustration63 1995-09-23 4 AFP LOS ANGELES US actor Jim Belnshi (left), US President Bill Clinton and Vice-Presi-dent Al Gore (right) doing an imitation of the Blues Brothers during a fund-raising event at the House of Blues club here on Thursday. Mr Clinton is wrapping upAFP - 63 words
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278 1995-09-23 4 Paul Leo - By Paul Leo SINGAPORE The US Federal Reserve will not lower interest rates at its next Federal Open Market Committee meeting this Tuesday, says Bear Stearns chief economist Wayne Angell. Mr Angell, a former Fed governor, further told clients yesterday at the278 words
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286 1995-09-23 4 Bloomberg Business News FRANKFURT Bundesbank vice-president Johann Wilhelm Gaddum said there was still room for cuts in the German central bank's key money market rate but said further moves in the discount rate would hinge on German money supply. He said a two-dayBloomberg Business News - 286 words
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279 1995-09-23 4 AFP TOKYO Business advisers to the Asia-Pacific Economic Cooperation (Apec) forum unveiled yesterday a 15-point plan for achieving the goal of free and open trade and investment in the region over the next 25 years. "The stage has been setAFP - 279 words
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271 1995-09-23 4 Kevin Sullivan - By Kevin Sullivan SINGAPORE Poland's Finance Minister Grzegorz Kolodko yesterday called for stepped up Asian investment in the Polish economy, which is expected to grow by between 5.5 per cent and 6 per cent this year. Mr Kolodko, who is also271 words
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COMPANIES & MARKETS
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Article, Illustration603 1995-09-23 5 Catherine Ong - By Catherine Ong SINGAPORE There should be dialogue between the Stock Exchange of Singapore (SES) and the Kuala Lumpur Stock Exchange (KLSE) on the plan by SES members to continue trading in Malaysian shares on a scripless basis, the head603 words
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201 1995-09-23 5 R Sivanithy - By R Sivanithy SINGAPORE Listed stockbrokers G K Goh yesterday announced a 56.5 per cent drop in group net earnings to $22.42 million for the year ended June 30. Turnover fell 49.7 per cent to $73.06 million, while fully201 words
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366 1995-09-23 5 Jenny Lam - By Jenny Lam SINGAPORE Healthcare-cum-property company Parkway Holdings yesterdajjypported a 19 per cent drop m interim group net earnfil|s to $15.11 million for the half-year ended June 30. Earnings per share, fully diluted, came to 4.74 cents, down from 5.64 cents previously. Turnover366 words
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212 1995-09-23 5 SINGAPORE Minority shareholders in Australian Medical Enterprises (AME) yesterday voted against Parkway Holdings' proposal to buy US-based Tenet Healthcare Corp's 52.6 per cent stake in the company for US$6O million (SsB7 million). Parkway said in a statement to the Stock Exchange of Singapore it212 words
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536 1995-09-23 5 Ruth Wong - HOCK LOCK SIEW By Ruth Wong KUALA LUMPUR Getting mixed signals on Telekom Malaysia Bhd? It was just a few months back that the market took a cautious stance on the blue-chip stock, citing stiffer competition and uncertainties in the regulatory environment. Indeed, the outlook536 words
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381 1995-09-23 5 Michelle Low - By Michelle Low SINGAPORE Showpla Asia, the Singapore arm of Japan's Showa Plastics Co, aims to raise $9.3 million from an initial public offer of 20 million shares, launched yesterday. Tagged at US$O.35 (550.50) each, the shares will come on the market with381 words
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Article105 1995-09-23 5 SINGAPORE Vicom, the vehicle-inspection arm of the Comfort Group, will launch its initial public offer on Monday. Analysts are generally bullish about the offer, which is being underwritten and managed by DBS Bank. "Going by the response to the past few offers, I think Vicom's will105 words
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EYE on your STOCKS
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Article19 1995-09-23 5 For next week's expected market sentiment, see BTs Sentiment Index on EL4 (Personal Finance A Investment section)19 words
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Article, Illustration78 1995-09-23 5 Shiv Taneja - -By Shiv Taneja AZTECH Systems appears to have built a fairly strong support base at just under $1.10 and the stock is now trending upwards. The RSI and MACD charts indicate further upside, though investors would do well to take profits once the stock crosses $1.15. By Skit78 words
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COMPANIES
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Article, Illustration373 1995-09-23 6 Ruth Wong - Frta Ruth Wong in KUALA LUMPUR TENAGA Nasional Bhd's share value soared yesterday on market talk that the government was likely to allow the power utility to increase its tariff rates. Tenaga, the second most active issueSource: Bloomberg - 373 words
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65 1995-09-23 6 SINGAPORE Orchard Parade Holdings (OPH), which is in the final stage of a general offer for soft-drink maker Yeo Hiap Seng, said that Far East Organization, a party acting in concert with its subsidiary Jelco Properties, yesterday placed out 500,000 ordinary shares representing65 words
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Article72 1995-09-23 6 SINGAPORE Auric Pacific Group reported a steep 91 per cent drop in net earnings for the year ended June 30, 1995, largely due to losses in the second half resulting from competitive pressures and one-off charges. Net profit for the year came to just $568,000, from72 words
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57 1995-09-23 6 SINGAPORE Hind Hotels International reported a 34 per cent decline in net earnings to $1.82 million, on a 4.5 per cent increase in turnover to $14.95 million for the six months to June. Earnings per share was 2.75 cents, compared to 4.14 cents a57 words
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33 1995-09-23 6 SINGAPORE QAF Ltd said yesterday in response to queries that it was not aware of any reason for the unusual trading activities in its shares and warrants.33 words
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49 1995-09-23 6 SINGAPORE Pengkalen Investments Ltd has sunk further into the red with a net loss 0£64.94 million for the six months to June, from net losses of $1.8 million previously. Turnover fell to $40.92 million, from $41.14 million. No interim dividend has been recommended.49 words
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55 1995-09-23 6 SINGAPORE Boustead Holdings has formed a joint venture with Service Quality (SQ) Centre Pte Ltd to set up Service Quality Centre (Malaysia) Sdn Bhd, a firm that will run a service training facility in Malaysia. SQ is a joint venture between the National55 words
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52 1995-09-23 6 SINGAPORE Causeway Investment said that one of its directors, Janice Lee Lye Wah, has reduced her stake in the company's shares for and on behalf of Aquiline Resources Pte Ltd to 2.573 per cent, from 4.625, in a series of stock sales from Sep 11 to52 words
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428 1995-09-23 6 Quak Hiang Whai - Fran Quak Hiang Whai in HONGKONG DAIRY Farm International Holdings said yesterday its net profit for the six months to June 30 plunged 43 per cent to US$6l.B million (5588.4 million) but the group will pay a bigger dividend. Without the benefit of428 words
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238 1995-09-23 6 Shiv Taneja - By Shiv Taneja SINGAPORE Listed metalstamping firm Amtek Engineering yesterday reported a 24 per cent growth in net earnings to $14.6 million for the full year ended June 30, and announced a bonus issue of one-for-two shares. To reflect increased activities and238 words
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Article256 1995-09-23 6 Ho Kay Tat - It will replace Cement Industries Malaysia in KLSE composite index on Dec 4 From Ho Kay Tat in KUALA LUMPUR PETRONAS Gas Bhd will become a component stock of the benchmark Kuala Lumpur Stock Exchange composite index on Dec 4, the exchange said yesterday.256 words
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138 1995-09-23 6 SINGAPORE Merrill Lynch's first vice-president/ research manager (South-east Asia), Lim Kok Ann, has quit after eight years with the US bank to take on a new role, as managing director of Fraser Securities. His move comes at a time when Merrill Lynch is acquir-138 words
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429 1995-09-23 6 Ho Kay Tat - From Ho Kay Tat in KUALA LUMPUR PUNTERS piled into shares of marine engineering company Promet Bhd yesterday in a buying frenzy which brokers said was fuelled by rumours of a takeover bid. The counter, which had been actively traded since last429 words
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290 1995-09-23 6 William Chia - By William Chia SINGAPORE Sesdaqlisted electronics company Goldtron continued to attract strong interest yesterday on talk of a share placement to an Indonesian group linked to one of Indonesian President Suharto's daughters. Turnover was 11.87 million shares, including the crossing of a block of290 words
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Article561 1995-09-23 6 ei mm IU Tn, if MC Spore Premier T7 0.90 0.93A 7 p 1 ,r MG Asia Premier T 0.94 0.9«V« The Commerce I.5J 1.64 The Savings Fund I.SO 1.59 Citkttp ImtfclMl BMk IS^S^VuHT 1 0 91 °Sf Cki Global Bond Fd (L976 0.9S6116 U2 ...0 '..160S pore Equity Fund561 words
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370 1995-09-23 7 Reuter SYDNEY The Australian Stock Exchange (ASX) is negotiating a memorandum of understanding with China's Securities Regulatory Commission to clear the way for bigger Chinese corporations to float shares on the exchange. The agreement, expected to be finalised later this year or earlyReuter - 370 words
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Article53 1995-09-23 7 Reuter MELBOURNE Australian steel and resources giant Broken Hill Pty Co (BHP) surprised investors yesterday by delivering flat first-quarter profits. Net profit in the three months to Aug 31 was A 5372 million (SS4OS million), little changed from A 5373 million a year earlier, theReuter - 53 words
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81 1995-09-23 7 Reuter NEW YORK Olympia York Co (USA) said that its board of directors has endorsed a restructuring proposal jointly sponsored by the Carena Developments Ltd and the Bronfman family of Canada, Dragon Holdings Ltd and Hongkong investor Li Ka-shing, the Canadian Imperial Bank ofReuter - 81 words
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70 1995-09-23 7 Bloomberg LONDON Power Gen pic's agreed merger with Midlands Electricity pic could hurt competition in the UK power market and may require restrictions or asset sales to avoid government opposition. Stephen Littlechild, the director general of electricity supply, said he will review the merger andBloomberg - 70 words
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Article54 1995-09-23 7 Bloomberg NEW YORK Estee Lauder Cos, one of the world's biggest cosmetics makers, said it plans to sell stock for the first time in a US$335 million (Ss4B2 million) initial public offering. The company, founded by Estee and Joseph Lauder in 1946, has annual sales ofBloomberg - 54 words
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357 1995-09-23 7 FT PARIS Credit Lyonnais, the banking group controlled by the French state, on Thursday reported a return to profit after three years of escalating losses. These were the bank's first results since it finalised a rescue package approved by the EuropeanFT - 357 words
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Article, Illustration339 1995-09-23 7 Creation of world's largest media, entertainment empire Bloomberg Business News NEW YORK Time Warner Inc and Turner Broadcasting System Inc's boards yesterday approved a US$7.5 billion (Sslo.B billion) stock acquisition of Turner, capping a tumultuous month-long courtship and forging the world's largest media and entertainmentBloomberg Business News; Reuter - 339 words
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192 1995-09-23 7 Reuter NEW YORK The new sleek AT&T Corp, focused on communications services alone, is designed to fight ofT a host of hungry new competitors which legislation is soon to unleash into its marketplace. Federal law is expected to open within two yearsReuter - 192 words
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217 1995-09-23 7 Bloomberg Business News NEW YORK Goldman Sachs Group LP's pretax profits rose fourfold in the third quarter to US$425 million (SS6I2.S million), as the biggest closely-held investment bank benefited from surging capital markets and a boom in corporate mergers, the firm's partners said. TheBloomberg Business News - 217 words
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SHIPS IN PORT
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Article523 1995-09-23 7 V«*M< Voy No Berth tonal Departure M1H rwi (BT) Putra B>#* 2/96 J1 atongsde 23.09/0930 (BT) S15-0305 4/95 J1 atongsde 23.09/1000 (BT) Tanking Sama* 4/95 J1 alongside a09/1000 J17 atongsde 2109/1900 Om Ah 121 atongsde 2109/2300 Hwi 8 8/95 118/19 atongsde a09/1200 *«■*> J9 alongside 2109/1300 Falh523 words
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Article1714 1995-09-23 7 RECEIVING Of EXPORT Fa CONTAINERS AND La CARGO Record Mfci/Mam fcfts Wp *1 EM»/Wr Fw T» ft— Aa Apncot 004 25/1100 28 22/1700 23/0651 23/0)00 3 23/0/00 23/1159 23/1400 4 23/1208 23/1459 23/1/00 to M* 257* 24/0600 28 22/1700 23/0651 23/0900 4 23/1200 23/1451 23/1700 *o U> 067*1,714 words
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FINANCE & COMMODITIES
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361 1995-09-23 8 Siow Li Sen - By Siow Li Sen SINGAPORE Newly-ap-proved Simex member NatWest Futures Asia Pte Ltd aims to be among the top five brokers on the exchange in two years, says Wong Chong Fatt, who joined Nat West last month as managing361 words
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300 1995-09-23 8 Soh Tiang Keng - By Soh Tiang Keng SINGAPORE The Bintan Lagoon Golf and Beach Resort in Indonesia yesterday scored two "firsts" when its developer signed a SS3 million bond issue to tap funds from investors here. Bintan Lagoon's developer, Safe Bintan Resort Ltd, is the first300 words
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Article, Illustration434 1995-09-23 8 DBS Bank weekly currency report US$/nnrk THE US$ consolidated at between 1.4790 and 1.4937 for the first two days of the week before taking a dive to 1.4110 over the following two days. It recovered to trade around 1.4310 yesterday morning. The technical picture434 words
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123 1995-09-23 8 Bloomberg Business News NEW YORK Citibank is arranging more than US$4 billion (SSS.B billion) of loans for two of the best-known names in corporate America Caterpillar Inc and Boeing Co. Citibank is leading a group of banks, or syndicate, that will make a US$2.3 billionBloomberg Business News - 123 words
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59 1995-09-23 8 Bloomberg Business News CHICAGO The Chicago Mercantile Exchange said it will create an exchange division for customers wishing to trade futures on emerging market instruments. The Merc said the separate division will allow non-exchange members to trade in CME emerging-market futures without incurring the costBloomberg Business News - 59 words
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Article64 1995-09-23 8 Reuter SINGAPORE Increased ethylene production capacity in Asia, coinciding with the start-up of petrochemical plants in the Middle East, may tighten feedstock supplies, industry sources said yesterday. "In order to sustain the petrochemical industry, a substantial market, capital resources for investment and feedstock are needed," Jimmie AungReuter - 64 words
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263 1995-09-23 8 Bloomberg Business News WASHINGTON The Commodity Futures Trading Commission (CFTQ voted 4-0 to greatly ease rules affecting big investors who trade on US futures exchanges. The action creates a threeyear pilot programme that carves out a special category for large, sophisticated investorsBloomberg Business News - 263 words
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297 1995-09-23 8 Diana Oon - By Diana Oon SINGAPORE Thai conglomerate, the Pornpat Group, signed a US$2OO million (Ss2BB million) multicurrency loan deal with a group of banks here yesterday. The loan was arranged by United Overseas Bank, which with lead managers Banque Paribas, Singapore, BHFBank Aktiengesellschaft and Hyundai International297 words
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262 1995-09-23 8 ENERGY REPORT Reuter LONDON The shifting power balance between the once-potent Opec cartel and the major oil consuming nations will once again be well illustrated by attendees at next week's annual oil producerconsumer talks in Puerto La Cruz, Venezuela. While all but oneReuter - 262 words
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Article192 1995-09-23 8 Reuter LONDON The dollar came under selling pressure in hectic early European trade as worries over European Economic and Monetary Union and a widening US trade deficit continued to weigh on the dollar. The Bank of Japan was seen buying dollars overnight at around the 100.40 yen which helpedReuter - 192 words
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Article92 1995-09-23 8 AFP NEW YORK The dollar fought to stabilise in trading here yesterday after sliding sharply against the yen and the mark on worries over European monetary policies. *At 1430 GMT, the dollar stood at 98.70 yen, compared to 98.95 yen at Thursday's close. It was also at 1.4155AFP - 92 words
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Article, Illustration1250 1995-09-23 8 I rade-ungtMrd index cakvialnJ against S'pore's tap 14 trading partners Base ytm: IW US$/S$ forward rates Noon Sep 22 S$ m Offer 1-month I 4283 i 429> 2-aMth 1.4247 I.42U 3-month 1.4216 1.4231 6-month 1.4120 I.4U0 Sowtr OC1C Source: OCBC FOREIGN CURRENCY NOTE RATES At at 9m aa Sap 21:1,250 words
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COMMODITIES & FUTURES
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1260 1995-09-23 9 Reuter SINGAPORE Simex Euroyen and Eurodollar futures ended little changed. Euroyen contracts stayed in tight ranges on low volumes. "Euroyen firmed a bit, partly on the dollar/yen movements," said a dealer. Dealers said Euroyen was also supported by comments by Bundesbank President Hans Tietmeyer, whoReuter - 1,260 words
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665 1995-09-23 9 COMMODITY REPORTS KLThi TIN closed up 23 sen at M$ 16.00 a kg, buoyed by strong gains on the LME overnight, dealers said. "LME was up sharply last night and prices here are following the trend," said a trader. "With strong covering665 words
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Article95 1995-09-23 9 BANGKOK Thailand's only primary lead smelter Thai Lead Metal will boost its annual lead metal production capacity to 18,000 tonnes by September 1996 from 14,000, a company official said yesterday. The company has engaged Sweden's Boliden to supply equipment and technical know-how for the project.95 words
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Article81 1995-09-23 9 TOKYO Australia's Camelot Resources announced yesterday a 133 per cent increase in gold reserves at its Mount Gibson project in Western Australia, extending the mine's scheduled production until at least June 1997. Mt Gibson's gold reserves have been lifted to 131,600 ounces from 56,55081 words
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Article73 1995-09-23 9 TOKYO Average monthly demand for stainless steel in Japan will fall 0.9 per cent to 180,400 tonnes in Oct-Dec 1995, compared with an estimated 182,000 tonnes in Jly-Sep 1995. This compares with demand of 179,300 tonnes per month in Apr-Jun. Exports of stainless steel are73 words
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Article58 1995-09-23 9 TOKYO Japan's sugar consumption in 1995-% (Oct-Sep) marketing year is forecast to decrease 1.1 per cent from a year before to 2.38 million tonnes, the lowest level in the last 20 years. The drop was mainly attributed to both a health-conscious tendency to avoid eating sugar58 words
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Article1388 1995-09-23 9 SICOM Futures (fvtvrts dMtag at st 5.3*p«) ISS 1 C—tract (S ccnts/kg) Clow Volume Open Month High Low Sett (tonnes) Interest Oct 95 206.00 200.30 201.00 575 525 Nov 201 00 197.50 198.00 550 1975 Dec 201 00 197.00 198.00 150 1575 Jan/Mar 96 201.00 195.00 195.50 15751,388 words
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REGIONAL STOCK MARKETS
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Article610 1995-09-23 10 Taipei Sep 21 rs Vol Advaaccd Eng 26 40 -0-20 442* Asia emcM 44.20 0.10 1260 Catha> Coartr J0 60 -020 I2» Cathay Lift Im 118 50 4.50 IU Cham H«» Bank 93 50 0 50 1388 Chens Loom 22.20 410 411J Chia Hun (oaenl 22.00 010 2132 Chia Hsia610 words
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Article932 1995-09-23 10 -8.9 SHARE prices closed lower yesterday as investors reacted to a lower-than-expected quarterly profit from market leader Broken Hill Proprietary (BHP). The All Ordinaries Index fell 8.9 points to 2,139.4. The All Industrials dropped 14.4 to 3,178.6 while the All Resources fell 4.6 to 1,356.2. Turnover was 217.3 million932 words
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Article602 1995-09-23 10 -11.64 Share prices dropped despite its strong performance at the start of trading. An analyst said the market's performance starting out high, then falling was a sign of "consolidation", adding that "there will be some ups and down on a narrow range in the near future". The PSE Composite602 words
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Article267 1995-09-23 10 •14.55 Share prices closed lower in lacklustre trading with the composite index falling through the 1,000 support level on strong selling of blue chips. The composite index was down 14.55 points at 997.74. Turnover was 38.4 million shares. Decliners led gainers 620 to 227 with 128 unchanged Trading activity267 words
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Article342 1995-09-23 10 -19.02 Stocks fell to a three-week low as a rising New Zealand dollar hurt exporters and companies with sizable offshore operations. "Some of the weakness has been currency-related," said a broker. Brewer Lion Nathan and Independent Newspapers, which both have operations in Australia, were down after the dollar342 words
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Article121 1995-09-23 10 +20.22 Share prices closed higher on speculation about the re-introd-uction of forward trading, the setting up of a depository system and renewed buying from foreign institutional investors. The BSE 30 index closed 20.22 points up at 3,444.40. The rise extended the market's gain over the past three days to121 words
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WORLD STOCK MARKETS
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Article646 1995-09-23 10 Britannia Fund» Sterllag Cash BM Offer Mm Cap Drtxnit 11*400 3* 6500 Mm Jenet GiST .0.114) 0 1992 Mm Max Incuse *0.9300 *0 %00 USS Cash Income P1« Fund .9.7700 10 3000 PS Rc*r>c Fond *5.5600 *5 5700 Stniiaf Euro Performance 0.4542 0.493* Far Eatf Fund *2.7650 •2.9730 Man Portfolio646 words
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Article622 1995-09-23 10 -43.1 UK SHARE prices closed sharply weaker, battered by foreign exchange market turbulence, attendant bond market falls and Dow losses. But market volume was no greater than the subdued level seen lately, dealers said, with turnover of 546 million shares. The FTSE 100 closed 43.1 points down at 3,514.8.622 words
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Article182 1995-09-23 10 -63.23 French share prices closed sharply lower, depressed by a weak franc, falling government bonds and the dollar's decline. The fall was led by foreign investors, who have doubts concerning the government's commitment to fiscal consolidation and are speculating on a new ERM crisis following comments by German Finance182 words
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Article203 1995-09-23 10 •75.53 German share prices closed sharply lower in moderate floor trading, with exportoriented stocks sold particularly strongly in response to the weakness of the dollar, dealers said. The DAX Index closed 75.53 points lower at 2,211.79, after trading in a range of 2,209.34/2,268.14. A dealer said the dollar's fall203 words
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Article168 1995-09-23 10 -15.09 Belgian shares tumbled more than one per cent in busy trade as the market reacted negatively to the further dollar fall and sharply lower bond prices. Losses were across the board, with industrials and dollar sensitives among the hardest hit. The Bel-20 Index closed down 15.09 points, or168 words
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Article154 1995-09-23 10 •225 Italian shares fell sharply by over 2 per cent as the lira continued to slide, domestic bond markets fell and even the often-supportive dollar slipped lower as many investors decided to stay away from such a volatile market. Repeated intervention by the Bank of Italy failed to stop154 words
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Article232 1995-09-23 10 -6.86 Dutch shares finished roughly 1.5 per cent lower after profit taking in bond markets and persistent dollar weakness fueled a shake out in stock markets. The AEX Index closed 6.86 points down at 464.88. After opening weak, the index reach a low point of 463.95 but pushed up232 words
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Article98 1995-09-23 10 -22.49 Swedish stocks joined other European markets in a downward spiral amidst divided opinion over what would happen next. The OMX Index fell 22.49 points to 1,438.68. Turnover was 3.5 billion crowns All eyes were on the dollar's moves, brokers agreed. 'The optimism we had earlier is gone," said98 words
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Article200 1995-09-23 10 -44.4 Swiss share prices closed lower in nervous trading on Erofit taking and a weaker fS dollar, dealers said. The SMI Index closed 44.4 points lower at 2,994.7 and the SPI Index fell 26.46 to 1,953.56. A dealer said declines in major stock markets and falling bond prices, especially200 words
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Article375 1995-09-23 10 -4.1 South African shares ended another quiet day mildly mixed in cautious trade which could turn into a downward trend when the markets opened on Tuesday after the three-day weekend. -Its been quite a strange day. We had the international markets coming down with quite a thump and that375 words
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Article217 1995-09-23 10 -25.09 Stocks fell across the board in active early trading depressed by tumbling North American bond markets. The TSE 300 Composite Index sank 25.09 points to 4,517.12 in volume of 12.5 million shares valued at Csl3o million. Declines issues easily outpaced advances 221 to 115, with 200 issues unchanged.217 words
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Article750 1995-09-23 10 •34.68 Stock prices remained sharply lower in active trading early yesterday as sell programs compounded losses fuelled by bonds continued weakness, worries about the US dollar and weak overseas markets. The Dow Jones Industrial Average, which retreated 25.29 points on Thursday, was down 34.68 to 4,732.72 at 11am750 words
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Article, Illustration2473 1995-09-23 11 Bloomberg Business News HONGKONG Stocks were little changed yesterday as the US dollar surged raising hopes for lower interest rates and then fell back. The Hang Seng Index rose 5.60 points to 9,541.87. About HKS2.9 billion worth of shares were traded. The Hongkong dollar is pegged to its AmericanBloomberg Business News; Source: Bridge Info - 2,473 words
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Article, Illustration570 1995-09-23 11 CLSA IN Hongkong, the H share index lost 3731 points at 1,009.41 on a turnover of HKS6.7 million. Shanghai Petrochemical was the most heavily traded counter, closing unchanged on a turnover of US$l.7 million. The worst performer was Jilin Chemical, down 3.8 per cent. The Shanghai B market fellCLSA - 570 words
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Article, Illustration2510 1995-09-23 11 Bloomberg Business News TOKYO Stocks fell for a third day, with brokerage and banking shares leading the benchmark index down almost 2 per cent, amid concern troubled lenders will sink under the weight of bad loans. 'The bad debt problem is one of the biggest problems hanging over theBloomberg Business News; Source: Bridge Info - 2,510 words
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Article, Illustration1426 1995-09-23 11 AFX-Asia BANGKOK Share prices closed slightly higher in thin trade after recovering from early losses, with many investors sidelined ahead of the Federal Reserve meeting and the release of domestic economic data next week. The SET Index closed up 4.32 points at the day's high of 1,307.99. Turnover wasAFX-Asia; Source: Bridge Info - 1,426 words
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Article, Illustration1144 1995-09-23 11 AFX-Asia JAKARTA Share prices closed lower in thin trading on end-of-week profit-taking by local investors with foreign funds still mostly sidelined. The Composite Index closed 0.79 points lower at 492.81. Turnover was estimated at 36.15S million shares. Dealers said overnight losses on Wall Street weakened sentiment amid an absenceAFX-Asia; Source: Bridge Info - 1,144 words
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Article2435 1995-09-23 12 Gr Cr IW> UM Val On LmOmi Dl* DO* YU Net MQf H%k Law Sim Coapaay Safe (BOO) High Um Bayer SHItr Or P/E Jadi MALAYSIAN STOCKS 471 1% m 9000 AlSfl 50c 396 +2 197 M M 400 10 -U 0J 4061 77.5 m 3001 AMDB 50c2,435 words
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KUALA LUMPUR STOCK EXCHANGE
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Article, Illustration6458 1995-09-23 12 Bloomberg Business News KUALA LUMPUR Stocks rose yesterday, led by Tenaga Nasional, as investors anticipated a better regulatory climate for Malaysia's dominant power company. 'They're supposed to get a tariff increase. People are quite excited, and that's pulling up the market,"Bloomberg Business News; Source: Bridge Info - 6,458 words
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STOCK EXCHANGE OF SINGAPORE
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Article8334 1995-09-23 13 Gr Gc M Wl IWS LaM V«4 Day IMQM Hi N> VU IM Caa A»t H%fc Law Staa Cm—| Sak (tW) H%k La. Bayar Selkt Or tit. Sail Prire M0UST1HAL AND COMMERCIAL 210 110 1258 Acer 50c US 190 wi +2 I47» 191 186 190 191 12.9 )I45 '52 2?8,334 words
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Article, Illustration1772 1995-09-23 14 R Sivanithy - By R Sivanithy SINGAPORE Second liners were again the dominant play in the local stock market yesterday as institutional money continued to stay away from blue chips. An early rise on Sesdaq, however, was rapidly eroded in the afternoon session, although a handfulCharts by Bridge Info; Source: Bloomberg - 1,772 words
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Page 5 Advertisements
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Advertisement648 1995-09-23 5 B_y M _S M- I_N_JB__S_S T I M E S IN THE MATTER OF THE COMPANIES ACT. CAP. 30 AND IN THE MATTER OF E-TUAN ENGINEERING PTE LTD (In Members Voluntary liquidation) At an Extraordinary General Meeting of the Members of E-TUAN ENGINEERING PTE LTD daly convened and held at648 words
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Advertisement811 1995-09-23 5 NEWS VALUE Western Digital, StorMedia to set up new plants in S'pere (pg 1) Electronics counters deserve a re-rating. August non-oil exports surge 19% (pg 1) Singapore stocks continued to be underpinned by strong economic fundamentals. Parkway Holdings interim net earnings dip 19% (this pg) Not likely to excite disgruntled811 words
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Page 6 Advertisements
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Advertisement400 1995-09-23 6 IsL HOTEL GRAND CENTRAL LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RENOUNCEABLE RIGHTS ISSUE ("RIGHTS ISSUE") OF 28,221,600 NEW ORDINARY SHARES OF $1.00 EACH ("RIGHTS SHARES") AT $1.05 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIVE (S) EXISTING ORDINARY SHARES OF $1.00 EACH400 words
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Advertisement101 1995-09-23 6 This advertisement appears as a matter of record only 13. HOTEL GRAND CENTRAL LIMITED (Incorporated in the Republic of Singapore) RENOUNCEABLE RIGHTS ISSUE OF 28,221,600 NEW ORDINARY SHARES OF $1.00 EACH ("RIGHTS SHARES") AT $1.05 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIVE (5)101 words
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Advertisement49 1995-09-23 6 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lateiy. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service.49 words
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Page 8 Advertisements
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Advertisement7 1995-09-23 8 For nerve-racMfift Ghost Storks, IIfAA 4 Aik7 words
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Page 9 Advertisements
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Advertisement16 1995-09-23 9 A quick look at the markets. For Financial News, call 1900-913-0001, at 30 cents a minute.16 words
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Advertisement20 1995-09-23 9 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figares are carried instead.20 words
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Page 10 Advertisements
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Advertisement149 1995-09-23 10 The Taipei stock market was dosed dae to Typhoon Ryan which was expected to hit Taiwan. "The cabin is a triumph. "If cars were sokl exclusively "Along with the wood and "The use of wood is subtle and Fine leather and wood blend on showroom appeal, then we leather, the149 words
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Page 11 Advertisements
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Advertisement16 1995-09-23 11 To crack the safe or enter Mrs Wizard's crystal ball, I call Tele-Games on I 1900-911-000316 words
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Page 12 Advertisements
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Advertisement111 1995-09-23 12 IStop by any Hong Leong Finance or Singapore Finance branch with your share scrips, allocation slips and contract notes. NiM m Receive cash over the counter up to 70V of the current 1 month 0.9 10 89 m market value or cap price (whichever is lower). W 2 months 1.7111 words
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Page 13 Advertisements
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Advertisement0 1995-09-23 13 -~%[(^=*,?=$&(<$?,@:/`&-=-;|%/'0 words
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Page 14 Advertisements
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Advertisement372 1995-09-23 14 TQLL-piß^Er^^i^oCTn-ni^^^xWi-iaß MORGAN GRENFELL CO. LIMITED (Incorporated in the United Kingdom) BALANCE SHEET as at 31st December 1994 7 1994 1993 1994 1993 (restated) Ameers £00 £00 £000 £000 ASSETS LIABILITIES *Kk v Cash and balances at central banks 135 147 Deposits by banks 3.949,616 3.463,199 Treasury bills and other eligible372 words
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Advertisement55 1995-09-23 14 *PPWi Closing Shara Pric— 22/09/1996 0L0« MM LOW MOM t5« TSO TS u rafiffl MmMiMmM o.M OiM ajM a*M Ml U1 Ml M 1« Pubkahad by Jardina Baring International S«curitt«s United (Incorporated in Bntisn Vlrgm island) To crack the safe or enter Mrs Wizard's crystal ball, call Tele-Gamps on X9lttif»Oß355 words
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Executive Lifestyle
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Article, Illustration1631 1995-09-23 15 Corinne Kerk - The third Tresors art and antiques fair has ended with some exhibitors voicing unhappiness over the quality of the event. But organiser William Burris isn't unduly worried and is looking forward to Tresors 1996. Corinne Kerk has the details Corinne Kerk IS TRESORS really a placeDesign: Jennifer Chua - 1,631 words
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STRAWS IN THE WIND
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Article29 1995-09-23 15 WHO SAYS hospitals are run by boring souls with no imagination whatsoever? Check out the name of Kan dang Kerbau Hospital's new newsletter, it's called Special Delivery.29 words
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Article35 1995-09-23 15 WANT to know why Mercedes Benz cars are selling like hot cakes here? One theory goes that it's because Cycle Carriage's new general manager for sales and marketing was formerly from McDonald's.35 words
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Article66 1995-09-23 15 A BAKERY customer was a trifle stumped when she noticed bottles of jam with the respective labels "no sugar added" and "no added sugar". When she asked the sales assistant what the difference was, she got this reply: "If no sugar added, means not sweet. If no added66 words
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Article69 1995-09-23 15 PARTICIPANTS at the recent UN women' conference in Beijing were startled near the end of the opening ceremony when a line of men strode onto the field carrying a long white inflated object that looked like a giant bolker. But, no, it wasn't a phallic symbol it69 words
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CORPORATE PROFILE
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Article, Illustration2197 1995-09-23 16 Loh Hui Yin - Asia's corporate giants A fortnightly series Thai telecoms group Ucom is hoping to raise its profile through the listing of subsidiary TAC on the Stock Exchange of Singapore. It is also pursuing foreign investments to make its mark as a regional player, reports Loh Hui Yin inPhoto by Chris Loh - 2,197 words
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Article1137 1995-09-23 16 -66T TS A THREAT that's sitI ting, waiting for everyone. JL It is something that the whole private sector is seeing now, not just Ucom," says Boonchai Bencharongkul. The threat he sees looming on the horizon is the much-expected push by the US to1,137 words
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OPINIONS
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Article, Illustration903 1995-09-23 17 MAGGIE FORD - LETTER FBCM MANILA Axing of stock exchange's dragon lady shows Ramos means business MAGGIE FORD The writer is a Jakarta-based Journalist who contributes to BT. She was in Manila recently AS EVERY Filipino knows, in the 1960s the country was the most developed in Asia,903 words
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Article129 1995-09-23 17 Elizabeth Sam - LETTER TO THE EDITOR Elizabeth Sam Singapore International Monetary Exchange Ltd 1 REFER to the article "Greater cooperation can trigger early alert" (BT, Sep 20) on a speech I made at the 11th Asia-Pacific Petroleum Conference. The photo-caption read: "Mrs Sam: warns about over-regulation in the aftermath129 words
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635 1995-09-23 17 David Nicholson - David Nicholson The writer is an editor of The Washington Post Book World. He can be reached at nichoisond@washpost.com AS THE hype about cyberspace and the information highway continues, the curious thing is how few dissenting voices there are. We635 words
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619 1995-09-23 17 Masahiko Ishizuka - Masahiko Ishizuka suggests more individual responsibility and less reliance on protection Masahiko Ishizuka The writer is a columnist for Nikkei Weekly WHAT has gone wrong with Japan? The Japanese people are undergoing collective soul-searching, seeking a way out from what appear619 words
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PERSONAL FINANCE & INVESTMENT
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BULLS EYE
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Article, Illustration597 1995-09-23 18 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, Credit Lyonnais Securities, Fraser, G K Goh, Morgan Grenfell, Nomura, Phillip and S G Warburg. Buy! Salomon Brothers (Sep 22) Singapore Technologies Industrial Corp. Earnings came in as expected,597 words
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Article, Illustration376 1995-09-23 18 Najeeb Jarhom - Najeeb Jarhom Research manager Frtter Securities THE contrary Malaysian market appears to be defying conventional wisdom. It has failed to react positively to bullish technical indicators such as the Coppock Indicator and to "buy" recommendations from renowned investment houses in the US and elsewhere. But investors needn't376 words
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Article, Illustration851 1995-09-23 18 Shiv Taneja - Shiv Taneja IF Casa Holdings' huge subscription rate of about 38 times last week, and Freight Links Express Holdings' even more impressive subscription rate of over 90 times last month are anything to go by, initial public offerings are emphatically back in favour with851 words
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Article, Illustration740 1995-09-23 18 Quak Hiang Whai - Eye on the region: Hongkong Most companies tracked by the Hang Seng Index are affected by the slowdown in the stock and property markets, says Quak Hiang Whai Quak Hiang Whai LIKE many bourses in the region, the Hongkong stock market740 words
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653 1995-09-23 18 Tan Su Yen - Collecting Swatch watches is not only fun, it can also be profitable. Tan Su Yen reports Tan Su Yen This is an extract of an article thai first appeared in the August issue of Singapore Business IN 1987, hardware businessman Andy Poh wentThis is an extract of an article thai first appeared in the August issue of Singapore Business - 653 words
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Article, Illustration905 1995-09-23 19 Conrad Raj - Conrad Raj weighs the pros and cons of Total Access Communication's IPO Conrad Raj THE initial public offering of Thai cellular services provider, Total Access Communication pic, is a reflection of the grow-; ing sophistication of the Singapore financial services sector. Not905 words
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481 1995-09-23 19 Shiv Taneja - By Shiv Taneja IS there a way of getting better returns on your funds than the 3-1/4 to 4 per cent fixed deposit rate, with as little incremental risk as possible? Keppel Bank's latest unit trust offering the Keppel Basic Fund481 words
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Article, Illustration438 1995-09-23 19 Ven Sreenivasan - By Ven Sreenivasan EQUITY markets in Singapore, Taiwan, South Korea and Indonesia have the best upside prospects over the next 12 months, says a London-based research agency. The agency, Independent Strategy, adds that the Thai and Malaysian markets may suffer inSource: Independent Strategy - 438 words
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835 1995-09-23 19 John Doyle - Although loans growth is expected to dip, John Doyle believes some S'pore banks are still good value John Doyle The writer is a banking analyst at ÜBS Securities, Singapore DESPITE slower loans growth being forecast for the rest of the year, we are still835 words
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Article, Illustration1093 1995-09-23 20 CHRISTOPHER TAN - By CHRISTOPHER TAN WHEN C C Lim told his friends he was buying a $220,000 Nissan sports car, he raised more than a few eyebrows. "TTiey asked me why didn't I pay a bit more for a European make," he recalls. It's a stereotypical reaction. After all, when1,093 words
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Article, Illustration940 1995-09-23 20 Susan Tsang - Susan Tsang is transported back to Edo Japan by 50 ukiyo-e masterpieces at Takashimaya Gallery Susan Tsang A SELECTION of 50 "floating world pictures" has wafted into the Takashimaya Gallery. These uki-yo-e are Japanese woodblock prints, and are literally translated as "transient world". The world940 words
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Article, Illustration848 1995-09-23 20 YU CHIN FUN - Travel By YU CHIN FUN The writer is an executive sub-editor with Business Times THE MORNING sun was getting warmer but for those of us lining the beach at Monkey Mia the Australian heat was the last thing on our minds. "They're here,Photo by Yu Chin Fun - 848 words
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655 1995-09-23 21 John Lui - Weßiights By John Lui John Liu (johnlui@singnet.com.sg) works in computer administration at Singapore Press Holdings ONE OF THE best things about the Web is that you can dive into quirky waters and come back none the worse for wear. Web oddities are like655 words
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EPICURE
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Article, Illustration764 1995-09-23 22 JAIME EE - Bon Appetit New York cheesecakes at Lorong Mambong Bagels at River Valley Road By JAIME EE THERE'S been a lot of talk about tafcv we, being Asian, should be Wfry of absorbing too many Westen values. I suppose one could argue about that toPhotos by Chris Loh - 764 words
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Article, Illustration317 1995-09-23 22 KEVIN SULLIVAN - By KEVIN SULLIVAN THE BRASSERIE Restaurant at the Carlton Hotel is featuring Scottish cuisine from Sep 15 to 24. For the occasion, the hotel has flown in Marilyn Rattray, one of Scotland's best known chefs. Ms Rattray is the owner of the Towie Tavern in Aberdeenshire, which317 words
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Article770 1995-09-23 22 N K YONG - Wktt By N K YONG IN AN IDEAL world, every bottle should be well-nigh perfect, its external appearance in keeping with its age, its capsule intact with outer end of cork flush with top of the neck, the level of wine consistent with age, the appearance of770 words
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PEOPLE
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Article, Illustration204 1995-09-23 22 AFTER a major renovation to make it more "intelligent," the Air New Zealand Travel Centre was officially opened last month by New Zealand High Commissioner Geoff Ward. To cater to the 24,000 Singaporean visitors to New Zealand each year, the office has been "smartened204 words
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Article, Illustration1034 1995-09-23 24 Apefle 13. Tom Hanks and his crew shoot for the moon and miss. The earthbound try to get them home. Lido: 6; 9. Woodlands: 2.30; 7. Savoy: 12.45; 6.30. Jurong: 12.45; 6.15. Yishun: 10.55; I.40; 6.30; 9.15; 2.05 am. Bishan: 1.40; 9. Tiong Bahru: II.30; 6.45. Pavilion: 11.30; 4.30.1,034 words
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Page 15 Advertisements
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Advertisement28 1995-09-23 15 Hi9oo-91 cents a mirtj^H <-~>. r*"*.*■ r j 3§*l r i^y* r v > Bf' f 5 9T Br >*Mr .'^^»'i- (j"" fgz« "ik *Vj® E- p °wer i*»«^S!^S« i28 words
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Page 17 Advertisements
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Advertisement0 1995-09-23 17 <^{`\<,+&%;@;\^~}<"@`})~"[`',+!0 words
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Page 17 Miscellaneous
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Miscellaneous67 1995-09-23 17 DOONESBURY garry trudeau J2L, I tZEpZ' rv I WPtetmoF "ANANNYZ SSiJKSSL.- nmk.ssna NOK/p- I enaßamm-1 cuis! I wcnwe. Besrmetv< I BLACI< other mtfiCXED BS THE BUM'S to Tußhl THE. V X fO\»D£fc fcND l CANT DO VpTHEfc 9 \f ANNfmiNG p\Bout it— is j TV*T uHftr yxj«e SAVIHG?/ /-*< jf67 words
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Page 19 Advertisements
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Advertisement14 1995-09-23 19 <3 C.K )K(il() ARM AM N M < lit!» tr 11 Ki« ul I If14 words
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Page 20 Advertisements
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Advertisement47 1995-09-23 20 It'll Be A Crying Shame If You Miss The Atelier Sale Now on at Singapore's premier gift boutique Discounts Up to 60 c /c 15 30 September 1995 I 10 am to 7 pm (Kj. ATELIER 3allery. Hilton International. S ''g.iporf.- J3HHB3 Tot; 735 03 l r47 words
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Page 21 Advertisements
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Advertisement207 1995-09-23 21 .hiuih ii I fSSBSSSs^ Right! Our Guaranteed Rental t" Returns Ensures You 100% Ownership In 6 Years WHY SETTLE FOR LESS? Be a discerning investor and choose the VERY AFFORDABLE PRICE FROM Ssl6B 000 SUPERIOR, VALUE ENHANCED FREEHOLD INVESTMENT Plaza Pamai! a HURRY THIS IS THE k -S A RELEASE207 words
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Page 22 Advertisements
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Page 23 Advertisements
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Advertisement675 1995-09-23 23 The World's Favourite Beer. "High Tea" starts at II I Our weekend high tea is so xj:„U Kf™*, satisfying, people sometimes Htgh iVOOW a break into song. HT llf I Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also675 words
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Advertisement411 1995-09-23 23 WHERE TO WINE, DINE AND ENTERTAIN Where can we bring the for dinner? 'Idt .gv 1 Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIR6P \Ffil seafood restaurant Offers more411 words
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Advertisement280 1995-09-23 23 y=I fancy Keijinjj? I 'Pun, u>e 're dcGgkted to suggest the "Pine Court for* memorable dining aqxriencc. Our lunch menu offers a variety of dian fifing dumplings, a selection of set menus, end 'Beijing specialities HXjV suck as 'Beijing Tench end pjpgr Marinated Lamb, fancy some now? CHINESE y RESTAURANT280 words
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Page 24 Miscellaneous
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Miscellaneous2540 1995-09-23 24 TODAY'S TV wmntrvsrnrnnm ne < See ur 2.00 am a***. ■■■■■■■■■■i 7.30 Yliinfaihioii lack Aml The Ooaaitaßt, 12pm, Omnia Cinema Cinema, 2pm, 8.00 Mystery Of Tlm Smsm TV 1 IV 2 Chs (See Abbot and Costello do their Kevin Spacey and Gabriel 9.00 Heatthquest. 5.55 AM Negaraka/Qaraa version of the2,540 words
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