The Business Times, 2 December 1995

Microfilm: NL20503
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    14 1 THE BUSINESS TIMES MITA (P) 194/12/94 85* SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, DECEMBER 2-3,1995
    14 words
  • Article
    MARKET SUMMARY
    56 1 Sums (+140) ROOT MU»(+17.64) fcj DSS(U ■iWKOOL UHET IBPHItf. Friday Quiage KLSE 00V S7SJ4 +ttJ6 NIKKEI iMfttl WHO SENG SJO.S5 +«L11 8ETWOKX 1JSJ1 +28.19 JAJCAJtTA COW—m.Tt. +4JJ MANILA COUP 2,4f71i 4fitt TAIPEI WP! <MBJi +1174 SEOUL OOMP ...—.JBSM +8J8 BOMBAY BSBM +0.7 CL8AOOKAB 7*7J, AM AUST ALLOCS—1.16SJ. +U
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  • Article
    FINANCE
    54 1 USt SI ua»~~ 1.411 f LM. 11« qs—« —~JJN 4567 B9 AIM JIM RAW MM |.M RUP1AH M MM. .MB noniwarn WBArae* 144 KUALA UflOUK Z -.7* JAKARTA im BANGKOK 1U» MAMLA 11M BOWGKON0 »M TAffSL M SYPWPt |«7i TOK*»— 1M S80DL-.—, _„.IU» nuxpuii" U>NDON— -V jbwwm—~ ITS "Flo*
    54 words
  • Article, Illustration
    Trial is over for Leeson as he pleads guilty to 2 charges
    637 1  -  Prosecution will not pursue 9 other charges; ex-broker feces maximum of 8 years'jail at today's Byi Catherine Ong (SINGAPORE] Former Barings trader Nick Leeson will be sentenced today after pleading guilty yesterday to two counts of cheating. At
    637 words
  • Article, Illustration
    Lock icon Nikkei poised to surge above 19,000 barrier
    425 1  -  Improved sentiment about JtyXttMff banks sends market to 11-month high From< Anthony Rowley in Tokyo TOKYO stock prices yesterday reached their highest levels since January and dealers predicted last night that the Nikkei-225 stock average would break through the psychological barrier of 19,000
    Source: Bloomberg; BCRUZ  -  425 words
  • Article
    Mahathir the doctor walks down Singapore memory lane
    368 1  -  By Walton Morais [SINGAPORE] Malaysian Prime Minister Mahathir Mohamad yesterday strolled down memory lane with members of the medical alumni, teasing and taking digs not only at friends and colleagues but also at himself and his profession. In an off-the-cuff dinner speech
    368 words
  • Article, Illustration
    Albert Hong sells his entire 16% stake in L&M
    358 1  -  Analysts say divestment leaves little doubt that Kotyo will be calling the shots By Abdul Hadhi [SINGAPORE] Albert Hong, chairman of L&M Group Investments, has sold his entire 16 per cent shareholding but has agreed to continue leading the company. In
    358 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      132 1 i K ■ifllm Onvmtki 1 see myaalf evolving into an entrepreneur as a natural step in my career profession," Soon Hock, fenoer MD of Compaq Computer Asia-Pacific and bow 4 president and CEO of Matrix fiwnnnmlfftVHW, miTALDB ÜBad* lA4Mr Kotto has several balls VDH, ABR, L&M, UPP up in the
      132 words
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      Page 1 Advertisements Column 2
      9 1 New plan aims for 3 annual growth Page 6
      9 words
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      Page 1 Advertisements Column 3
      246 1 Leera'i ocmnp simple but effective: CAD director; desperation, Pg2 MAt BOUSSIN I I I I dMUfc I In tke late 1800*, Parisian Georges 21 kours at a captivating exkikition entitled Maukoussin s reputation as a creator "Tke Heritage of Royalty". of innovative jewellery and connoisseur of gemstones attracted tke Museum
      246 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Leeson's cover-up simple but effective: CAD director
      383 2  -  He started trading illegally soon after he arrived in Singapore to work for BFS Reports 1 Conrad Raj NICK Leeson started trading illegally almost as soon as he arrived in Singapore in 1992 to work for Baring Futures (Singapore), according to Commercial Affairs
      383 words
    • Article, Illustration
      Redefine eligibility for joining unions: Boon Heng
      340 2 Necessary to broaden limits of membership as fatore onion leadership is at stake THE idea of bargainable employees should be redefined because at stake is future ui\ion leadership, labour chief L&n Boon Heng said last night. u M We need those who are
      340 words
    • Article
      Pisces group pays over $10m for its third electronics firm
      299 2 THE Pisces group's technology arm, which is gearing up for a listing on Sesdaq, has acquired its third company an electronic components distributor for slightly over $10 million. Pisces Technologies Holdings (PT) bought all the shares in General Electronics Instrumentation
      299 words
    • Article
      Crimes were acts of desperation
      324 2 DEFENCE lawyer John Koh reminded the court that his client, former futures trader Nick Leeson, be tried on the charges and not for the collapse of Barings. He portrayed Leeson's crimes in his mitigation plea as "misguided acts of a dynamic, but in the final
      324 words
    • Article, Illustration
      Mah urges shipping group to reach pact with PSA
      342 2  -  By Yong Mei Fong COMMUNICATIONS Minister Mah Bow Tan has urged the Singapore National Shipping Association (SNSA) to advise its members to complete talks on the Terminal Service Agreement (TSA) with tjie Port of Singapore Authority by next Friday. He assured
      342 words
    • Article, Illustration
      Man in middle of PUB graft case denies allegations
      371 2 Lee Peng Siong also denies defying court order to surrender his passport THE businessman who helped nail corrupt PUB executive Choy Hon Tim has denied allegations that he received more than $60 million in "bribes and kickbacks". Lee Peng Siong, now
      371 words
    • Article
      3 out of 5 Turkish mills probed found to have dumped steel
      259 2 TWO of the five Turkish mills alleged to have dumped cheap steel here have been cleared by the Anti-Dumping Authority. The authority said yesterday ICDAS and IDC did not dump the steel and the interim duty imposed $96
      259 words
    • NEWSRoundup
      • Article
        PM Goh to make keynote speech
        64 2 PRIME Minister Goh Chok Tong will make a keynote speech next Thursday at the 20th Federation of Asean Economic Association Conference. Hosted by the Economic Society of Singapore, the two-day conference, which has the theme "Sources of Economic Growth and Development in Asean", will
        64 words
      • Article
        Fontana Gardens opts for en bloc sale
        84 2 THE 12-unit Fontana Gardens apartment block at Stevens Drive is being put up for sale collectively, following the v lead of its immediate neighbour Robin Heights. Estate agents Knight Frank Cheong Hock Chye and Baillieu, which are handling both sales, managed to obtain
        84 words
      • Article
        Bayer opens $2m technical centre
        52 2 GERMAN chemical giant Bayer opened a regional technical centre specialising in silicones here yesterday. 8* Bayer's $2 million Singapore centre will help it to find out the specific needs of its Asian customers. It will also train marketing and technical personnel from Bayer companies in
        52 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      37 2 Swiss Investment advisor accepts new accounts for your personnal Investment Management Efficient and confidential. For information about our investment partnership and to meet, please write to Hansag'Holding Ltd., Malson Taligrat, Box 295 CH-7075 Churwalden Switzerland Fax: 0054^^2043
      37 words
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      Page 2 Advertisements Column 2
      94 2 HOW MUCH do you know about golf? Test your knowledge executive in the latest Business Times Lifestyle Exclusive contest /I f and win for yourself an all-expenses-paid trip to I /TO A T/i 110/ Scotland and VIP passes to the 1996 Johnny Walker c>^/ i y Classics golf tournament at
      94 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      474 2 THE WEATHER Singapore Showers over several areas in the afternoon. Temperature (25-32) AMMk Hi/Lo* Coral Europe Hi/Lo* Good. ft—aiaa HVLo* Cood. Awtlnnd 2415 Cloudy Amtertm OMB Cloudy Atlanta I**7 Sunnv Ban£* 11/14 Tstorn Aflns 18/11 Showm Buenos Aim 17/17 Ctonfy Bem Sunny Berlin tttt Shown Chra#> I*o4 (toudy Hoabay Sunn>
      474 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'SEYE
      • Article, Illustration
        BT Sentiment Index (Dec 4-8)
        614 3 Those polkd/or their views on the Singapore stockmarket's outlook the week ahead are: Alliance, Barings, Daiwa,Fraser, G KGoh, Deutsche Morgan, Phillip, Credit Lyonnais, S G Warburg, WlCarr. Bmfi Wtaglfcfc Company this week launched the first phase of its 99-year leasehold condominium project called Oleander Towers
        614 words
      • Article, Illustration
        In My Opinion...
        373 3  -  Lien Ewes Han i i T NTERNATIONAL I investors tend to -L baulk at having to pay a premium for foreign shares of companies which impose a limit on non-Singa-porean ownership. After all, foreign shares grant the same exposure to the underlying fundamentals and dividend payments as
        373 words
    • Article
      S'pore unit trusts outperform HK's
      619 3  -  Higher proportion of S'pore funds surpasses Morgan Stanley index By\ Shiv Taneja [SINGAPORE] HONGKONG'S domestic mutual fUnd (or unit trust) industry is about eight times the size of Singapore's, with about 10 tiroes as many mutual ftinds. But when it comes to performance, local unit
      619 words
    • Article
      Fraser bullish on residential property stocks
      495 3  -  By Leo Yoke Har (SINGAPORE] Fraser Securities has joined the ranks of broking houses which are positive on selected residential property stocks following recent price trends. In a just-released research note on the Singapore residential property market, Fraser said that it anticipates sustained demand
      495 words
    • Article, Illustration
      Lock icon Outlook positive for Indon stock market
      477 3  -  Btfcttt corporate earnings contribute toresilenee By] David Chang The writer is the director of research at PT Vickers Ballas Tamara [JAKAßTA] THE Indonesian stock market which accounts for only 3.6 per cent of Asia's total market capitalisation, has held on well this year compared
      BCRUZ  -  477 words
    • Article
      Whither KL stock market?
      447 3  -  Esparto dMM«*ar likelihood of massive rabtand By I Lee Yoke Har (SINGAPORE] Investors still hoping for a massive rebound in the Malaysian stock market may want to take note that professional advisers do not seem to share a consensus view. Negative calls are quite well matched
      447 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      73 3 IF YOU ARE LOOKING FOR I 1971 I OR OR EVEN RH H i I w-" L at' I l r r m- tb ITS ALL AT V I N U M FINB WINE MERCHANTS S I NOAPORB FOR A FULL RANGE OF WINES AND SERVICES. SEVEN DAYS A WEEK.
      73 words
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  • REGION
    • Article
      Lock icon All-out probe into military projects
      430 4 SEOUL Investigations to determine if military Mcfcfcufcl went into Roh's slush fond Reuter SOUTH Korean prosecutors plan "all-out" probes into a multi-billion-dollar military build-up in connection with former president Roh Tae Woo's slush fUnd scandal, a prosecution official said yes- terday. "The prosecution plans to
      Reuter  -  430 words
    • Article
      Lock icon S Korea to indict two more tycoons
      208 4 SEOUL AFP TWO more South Korean business magnates will be indicted soon on charges of bribing former president Roh Tae Woo, Ahn Kang-Minh, a senior prosecutor, said yesterday. Mr Ahn's remarks followed the second summons of Shin Kyuk Ho, the head of Lotte
      AFP  -  208 words
    • Article
      Lock icon S Korea to speed up forex liberalisation
      292 4 SEOUL Reuter THE Ministry of Finance and Economy plans to allow South Koreans to invest freely in forj eign shares from 1996 and lift all restrictions on equitylinked bond issues abroad by firms in either 1996 or 1997. At present, institutional investors are
      Reuter  -  292 words
    • Article, Illustration
      Lock icon Ruling party faces close race today
      267 4 TAIPEI Finns owned by Nationalists stand to lose huge govt deals Bloomberg Business News Reuter AFP MOST experts agree that Taiwan's governing Nationalist Party faces a close race today to keep control of parliament. If the Nationalists lose their majority, companies owned by Nationalist
      Bloomberg Business News; Reuter; AFP; REUTER  -  267 words
    • Article
      Lock icon Govt defends decision not to sell ANL shipping line
      151 4 CANBERRA AFP AUSTRALIAN Treasured Ralph Willis yesterday defend- ed the government's decision to cancel plans to sell the ailing state-owned ANL shipping line and said a future sale was still possible after restructuring. The government averted a potential battle with the
      AFP  -  151 words
    • Article
      Lock icon Demand for luxury homes down Mowing levy
      133 4 KUALA LUMPUR Bernama THERE has been a drop in the demand for luxury houses and condominiums following the government's move to impose a Msloo,ooo (5555,700) levy on foreigners buying such homes, Housing and Local Government Minister Ting Chew Peh said yesterday. Dr Ting,
      Bernama  -  133 words
    • ASIANotes
      • Article
        Lock icon TamilTigers admit Jafina poised to fell
        81 4 UPI (COLOMBO) Tamil separatist rebels, under heavy siege from Sri Lankan government forces, admitted yesterday,— that their northern bastion of Jaffha city was poised to fell The clandestine radio station of the separatist Liberation tllfertofTataMffil Sftld yesterday that the rebels' g Jaffha stronghold was
        UPI  -  81 words
      • Article
        Lock icon Congress party MP in critical condition
        103 4 Reuter (NEW DELHI] A Member of Parliament from India's ruling Congress party was shot and seriously wounded by unknown attackers at his home in Andhra Pradesh state yesterday, the party's state chief said. The state chief said that Magunta Subbarama Reddy was in a
        Reuter  -  103 words
      • Article
        Lock icon India wants KL to build 350 km road
        80 4 Bernama [NEW DELHI] India has proposed to Malaysia that it undertake work on a 350 km expressway in western India through its public sector as a pilot project demonstrating tiie latest technology in road construction and the toll-based road management technique. The
        Bernama  -  80 words
      • Article
        Lock icon China's trade to hit US$400b in 2000
        84 4 Reuter [BEIJING] China's foreign trade in the year 2000 will reach USs4oobillion (S$S64 billion), an increase of 66.7 per cent from the UStMO billion expected in 1996 and an annual increase erf 10.8 per cent, the China Securities newspaper said. China's trade in
        Reuter  -  84 words
    • Article
      Lock icon Chinese firms' triangular debt likely to rise 23%
      238 4 BEIJING Bloomberg Business News MONEY owed between China's industrial companies will reach 800 billion yuan (SSI3S billion) by the end of the year, up 23 per cent from 1994's level, a Chinese economist said. The estimate is one of a series of
      Bloomberg Business News  -  238 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1346 4 cmr rum ha fiicht etp no cm v*74i 010 v*740 m MM* OfOOl 1930 Of082 2050 MWiCHy S0173 1920 S0174 1430 1 Ammm RJW7 0130 Homfcom UA*****50 UA002 0015 i Amtwton IL843 0545 GA896 0130 5SS £USl S0025 0645 S0346 2330 "£7 Jg KL831 1025 El
    1,346 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      58 4 DOONESBURY garry trudeau ...AND TO HUP YOU (wave MR 9UTTS, tSN7 T>t*eA POWN- IFU€RRY~OL^B!^^^A^% &areM&rroFAMexjcAN yve TO ALE this? PONT you* II mpAujrNcrnuujow po I BUT OUR HP?, WINNERS tobacco, us. cowwes &£cunves mam about tub i wuTHmtwiEAP&s'Hicß-1 leavers pomhatit UMU BE HO6TJN6 CONCERN, nJS MORAUIV OF CREATNS HU6B I
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      237 5 ragep I IME EASTERN location I I lacuna J [next to bayshore PARK I I I —-i o^ .■.<■• 1 L .rdt<: -*A> i --niniiw M r• mm j iil^__M ii w**« OT;CTr H Ml* I ■I H 11* jfIHHK i/ IBf «I^^^^B^^E!f^2!LSK^^l gy y~ JKj J■* .1 Mj B
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  • REGION/WORLD
    • Article, Illustration
      Lock icon Fed vice-chairman to argue for lower rates?
      398 6 WASHINGTON Alan Blinder to make a case at Dec 19 meeting if Christmas sales remain weak Bloomberg Business News Reuter FEDERAL Reserve vice-chair-man Alan Blinder is prepared to argue at the central bank's Dec 19 policy meeting that the Fed should lower short-term
      Bloomberg Business News; Reuter  -  398 words
    • Article, Illustration
      Lock icon Bid to railroad French govt
      41 6 [MARSEILLES, France) French railway workers laying train rails on the streets of Marseilles to protest against the government's plans to cut welfare benefits. Rail services employees continued their strike for the eighth successive day yesterday. REUTER
      REUTER  -  41 words
    • Article, Illustration
      Lock icon Spain's Foreign Minister named Nato secretary-general
      350 6 ■BRUSSELS News comes before withdrawal of Denmark's candidate Reuter NATO ambassadors unanimously picked Spanish Foreign Minister Javier Solana as the new head of the alliance yesterday, ending six weeks of often bitter trans-Atlantic arguments. "Ambassadors have agreed by consensus to propose Javier Solana, currently
      Reuter  -  350 words
    • Article
      Lock icon Chances of single Europe currency this decade fall
      125 6 BERLIN Reuter THE probability that Europe wiU have a single currency this decade has declined recenUy, but there is stUl a 60 per cent chance up to eight countries will join a monetary union, a German banker said on Thursday. Norbert Walter,
      Reuter  -  125 words
    • Article
      Lock icon Krugman's position on Asian economic miracle attacked
      273 6 BANGKOK Thinkers agree he should be thanked for complacency warning ST THINKERS and corporate chiefs at the Pacific Rim Forum yesterday blew a hole through Stanford economist Paul Krugman's controversial position that Asia's miracle economies cannot be sustained. But they agreed that he
      ST  -  273 words
    • Article
      Lock icon New economic plan aims for 3% annual growth
      175 6 TOKYO AFP JAPAN yesterday adopted a far-reaching economic plan for annual growth of 3 per cent in the five years to 2001, but the weak state of the economy and lack of concrete steps raised doubts the goal can be achieved. Prime
      AFP  -  175 words
    • WORLDWatch
      • Article
        Lock icon Nato to send 2,600 troops
        45 6 Reuter (SARAJEVO] The North Atlantic Treaty Organisation agreed yesterday to tend the first 2,600 troops of a 80,000-strong force to police a Bosnia peace settlement, but the UN commander for Sarajevo openly criticisedihe deal and warned it might be unworkable.—Reuter
        Reuter  -  45 words
      • Article
        Lock icon French transport strike spreads
        71 6 Reuter [PARIS] The worst labour unrest in France in a decade spread to air traffic yesterday, hitting the only transport sector previously unaffected by a crippling eight-day strike against government plans to control welfare spending. About 200 striking Air France maintenance workers occupied runways at Paris'
        Reuter  -  71 words
      • Article
        Lock icon Workers paid two toilets each
        55 6 UPI [MOSCOW] Rusela's Komsomobkaya Pnwda newspaper said yesterday communal housing workers in ths Ukrainian town of Yaaniye Polyany have been paid two toUets each Instead of a monthly salary. Cash ahnrtapi across the former Soviet Unkm have forced workers to take payment in somethnee unusual
        UPI  -  55 words
      • Article
        Lock icon King Fahd suffers stroke
        54 6 LAT [WASHINGTON] King Fahd of Saudi Arabia, tha 73-year-old ruler of the world's richest oil-producing nation, was taken to a hospital on Thursday affear suffering a stroke, according to senior US officials. The status of King F&hd's health is almost certain to spark questions about succession
        LAT  -  54 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      415 6 NOTICES THE COMPANIES ACT CHAPTER aq SECTION 201(1) FORM 06A STATUTORY DECLARATION BYORECTOROF COMRANVS MAHLfTY TO ~CONTt«JE BUSMESS BY REASON OF ITS UABRJTEB Nvna oI Company; Restaurant* Management Sarvicae PM Ltd Company No.: *****2166 M THE REGISTRAR OF pnyo4iiieQ wWirniwcg, JN wnrvnc I. Lie Mardl Michael Song Swan, of Block
      415 words
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      Page 6 Advertisements Column 2
      759 6 RAJ USH DYES CHEMICALS PTE LTD (la Maskers' Voluntary UqwMH—) NOTICE OP FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant lo Section 308<l) of die Companies Act. (Chapter 30) a final general meeting of members of the abovenamed company will be held oa 10th January, 1996 at 10 30a m
      759 words
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      Page 6 Advertisements Column 3
      575 6 M TWIMra 0* TM COMMMH Ad OP SO ANB MTHIMMTOOf JMUM HOON WOO PB 08 |la Mi id I nil li II) j Al on taxxfcmy Genari MHtag d ke isdaai al fo otcMW—d Coapany dIA comared and laW on 29k hoamfcei 1995 the blowing Spyfll KesduSons wai duly pawed:
      575 words
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      Page 6 Advertisements Column 4
      466 6 COMMNBS ACI CAP 90 AND MTMiMmor on ASA m LTD ■mAm cJ <• duammmi Ccnpony duly ccmitmd and Wd o# 29#i Ntxmt*l99s>Uo*«SpKdlMl»cM»«i djypouad l*oj«£SavtD I Company b» MOVidac*dU«ri)r pur wort to Sadion 290( lib) of A* amcorws Ad Cap SO 2. Hal Modal la Saw ban. Cmtfad Cube Account**. Singapore
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  • COMPANIES & MARKETS
    • Article, Illustration
      Metro sinks into red with $1.12m loss
      356 7  -  Sale of Transmarco dents group sales while Kmart venture adds to losses By, Jenny Lam J6INGAPORE] Metro Holdings the first listed retail-re-lated group to report its interim results posted a loss of $1.12 million compared with a $4.32 million net profit in the
      356 words
    • Article
      CMB to dominate Viet can market
      268 7  -  New USsssm plant will meet 90% of demand there By. Michelle Low [SINGAPORE] CarnaudMetalbox Asia aims to capture the Vietnamese beverage can market with its new US$55 million (5577.5 million) Ho Chi Minh City plant, which will meet about 90 per cent of the
      268 words
    • Article, Illustration
      Why this sudden attack of probity on the BSE'spart over Reliance?
      565 7  -  BbGKLOGKSIBW By Prem Shankar Jha THE Bombay stock exchange, India's most dynamic but most unruly share market, received a taste of its own medicine three days ago when Reliance Industries decided to seek the delisting of its shares, and
      565 words
    • Article
      Singatronics Bhd seeks KL listing
      235 7  -  By Ven Sreenivasan (SINGAPORE] The Malaysian unit of electronics subcontractor Singatronics Ltd, Singatronics (Malaysia) Berhad, has applied for a listing on the main board of the Kuala Lumpur Stock Exchange. The company submitted its application to the Malaysian Securities Council and the Ministry of International
      235 words
    • Article
      Tuan Sing redirects $99.5m project funds
      319 7 {SINGAPORE] Property group Tuan Sing Holdings intends to re-direct $99.5 million from aborted deals to fund a takeover and a land project. Subject to shareholders' approval, Tuan Sing plans to redeploy $55.2 million to pay for a stake in circuit board maker Gul Technologies.
      319 words
    • Article
      Pan Pacific to raise $4.9m in placement
      139 7 (SINGAPORE] Sesdaq-listed Pan Pacific Public Co will raise $4.9 million through a private placement to finance its investment in a Chineselanguage television station. Vickers Ballas will manage the placement of 4.9 miUion new shares at $1.03 a share, representing about 9.9 per cent
      139 words
    • Article, Illustration
      Lock icon Telekom M'sia reshuffles top posts
      130 7 Reuter [KUALA LUMPUR] Malaysia's Finance Ministry has appointed Mohd Rashdan Baba as chairman of Telekom Malaysia Bhd effective retroactively to Nov 1. His appointment will be for two years, the ministry said in a statement. He was previously executive chairman of the giant telecommunications provider.
      Reuter  -  130 words
    • COMPANYBriefs
      • Article
        GB Hldgs reduces 1st-half loss
        51 7 [SINGAPORE] Leisure-boat maker OB Holdings has m reported a $479,000 net loss for the six months ended Sep 30, against a $1.29 million net loss for the first half of 1994. Group turnover rose 23 per cent to 125.25 million, mainly due to GB's Malaysian
        51 words
      • Article
        SML director resigns
        31 7 [SINGAPORE] Sembawang Maritime Ltd (SML)laid yesterday Boon Swan Fto had resigned his directorship with effect from Nov 21. Mr Boon has been a director since February last year.
        31 words
      • Article
        OCBC M'sian unit buys Securities stake
        45 7 [SINGAPORE] OCBCBank subsidiary OSPi» Holdings Sdn Bhd has bought 4^BB,Bo9shares at Mil each in OCBC Securities (Melaka) Sdn Bhd. OSPLH now holds 80 per cent of the issued and paid-up capital ofOCBC Securities (Melaka), or about 17 million shares.
        45 words
      • Article
        Cerebos wraps up Weh Hup takeover
        52 7 [SINGAPORE] Cerebos Pacific has competed its Woh Hup Food Industries acquisition. Cerebos said last Monday it would buy 70 per cent of the issued and paid-up capital of Woh Hup, a Singapore-based sauce makar. Cerebos has also appointed six new directors to the Woh
        52 words
      • Article
        Parkway's MD lifts demand interest.
        36 7 [SINGAPORE] Parkway Holdings managing director Tony Tan bought 488,000 Parkway shares on Wednesday at $3.58 per share. This increases his deemed interest in the company from 4,101.271 shares to 4,534,271 shares.
        36 words
    • Article
      Antah in A$20m plastics joint venture with chemical manufacturer
      374 7 Tie-up with Huntsman to make polymers, alloys [SYDNEY] Antah Holdings Bhd, one of Malaysia's top 100 public companies, has expanded its operations in Australia with a As2o million (Ss2l million) plastics joint venture. Its Australian subsidiary Euratech Ltd yesterday announced it
      374 words
    • Article
      Tanjong venture signs Philippine lotto deal
      183 7 [MANILA] A consortium led by Malaysian gaming firm Tanjong has signed an eight-year lotto equipment lease contract with the Philippines Charity Sweepstakes Office. The deal was disclosed in a statement made by listed prop-erty-based Belle Resources Corp to the Philippines Stock Exchange on Wednesday.
      183 words
    • Article
      Singland to build offices in Tampines
      159 7 [SINGAPORE] Singland plans to build twin eight-storey office blocks on two Tampines sites it won in a recent Housing and Development Board tender. Subject to approval, the two sites will be developed in a single phase. Each of the two office blocks will have
      159 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US cracks down on rogue brokers
        497 8 Eleven charged with cheating elderly and unsuspecting investors Bloomberg Business News [WASHINGTON] Federal authorities on Thursday charged 11 investment brokers across the country as part of a new crackdown on so-called rogue brokers accused of stealing money from elderly and unsuspecting investors. "These charges
        Bloomberg Business News  -  497 words
      • Article
        Glaxo selling S'pore-based Hazeline
        285 8  -  Pfc&rmaceotk&l giant moves to focus on core business By i Genevieve Cua [SINGAPORE] Glaxo Wellcome announced yesterday it is selling its Hazeline skincare products operations in Singapore and the region to Unilever pic for £95 million (Ss2o4 million). l}laxo Wellcome, the world's largest pharmaceutical company, said
        285 words
      • Article
        Lock icon HK Telecom to build Internet links in Asia
        234 8 Bloomberg Business News Reuter [HONGKONG] Hongkong Telecommunications Ltd, the colony's largest telephone company, will build Internet links across Asia and help businesses use the global computer network. The Hongkong Telecom Internet Service will form part of the international Internet network announced yesterday
        Bloomberg Business News; Reuter  -  234 words
      • Article, Illustration
        Danone ties up with Indon sauce maker
        441 8  -  By' William Chia in Jakarta FRENCH food giant Danone Group has teamed up with Indonesian sauce maker ABC Central Food Industry in a US$2O million (Ss2B million) biscuit factory venture in Jakarta. Danone president Franck Riboud told a briefing yesterday this is the
        441 words
      • Article, Illustration
        Lock icon Toyota to build new assembly plant in US
        45 8 [PRINCETON, Indiana] Toyota Motor Corp president Hiroshi Okuda announcing on Thursday that Toyota will build a US$7OO million (Ss9B7million) truck assembly plant near here. Thplant, which will employ a minimum 0f1,300 workers, isduetoopen in late 1996. REUTER
        REUTER  -  45 words
      • Article
        Lock icon London exchange okays order-driven trading system
        419 8 Reuter ILONDON] The London Stock Exchange (LSE) said its board has approved implementation of an order-driven trading system, but has yet to decide which shares will be traded on the facility, which could start by next August. "The board has agreed that there should
        Reuter  -  419 words
      • Article
        Lock icon PepsiCo to turn its chips into global household name
        273 8 Bloomberg Business News [PURCHASE, New York] PepsiCo Inc said it is starting a campaign to boost sales of its potato chips around the world and to create a global powerhouse brand with as much recognition as the Pepsi name. PepsiCo said
        Bloomberg Business News  -  273 words
      • GLOBALBriefs
        • Article
          Lock icon Swire unit in Chinese joint venture
          104 8 Knight-Ridder [HONGKONG) BC Development Co Ltd has entered intoa US$lB million (SS2S million) Joint venture contract with China's Anhui Jiu Shi Group Co Ltd to produce Coca-Cola products and Chinese brand soft drinks in Haiti city, according to a statement yesterday. BC Development Co
          Knight-Ridder  -  104 words
        • Article
          Lock icon Sara Lee otters unit for JP stock
          72 8 Bloomberg Business News [CHICAGO) Sara Laa Corp offbrad to wlltta food distribution business to JP Foodservice Inc in a US$946 million (551.33 billion) transaction that would increase Sara tee's interest in JP to 84 per cent from 39 per cent. Chicago-based Sara which
          Bloomberg Business News  -  72 words
        • Article
          Lock icon Sebi to investigate stock market slump
          82 8 Bloomberg Business News [BOMBAY] The Securities and Exchange Board of India (Sebi), the market regulator, will investigate whether a cartel of brokers was responsible for shares slumping to two-year lows this week, said one of its director*, LK SinghvL The move comes amid claims
          Bloomberg Business News  -  82 words
        • Article
          Lock icon Time Warner sells 3DO Co stake
          58 8 Reuter [NEW YORK] Time Warner Inc raited U8186.3 million (S|4o million) by selling almost allofito stake in 3DO Co as part ofan effort to pare ito US$l6 billion of debt Time Warner sold 2.83 million shares out of a total 24> million-share stake in
          Reuter  -  58 words
      • Article
        Managing the nation's reserves – the GIC way
        324 8  - Managing the nation's reserves the GIC way By I Shiv Taneja [SINGAPORE] A senior executive of the Government of Singapore Investment Corp (GIC) yesterday gave a rare insight into how the company which handles the Republic's reserves ticks. GIC deputy managing director Ng Kok Song told participants of a seminar
        324 words
      • Article
        Lock icon Microsoft to start interactive TV trial in Japan in March
        355 8 It also plans pilot runs in China, Taiwan and Korea Bloomberg Business News [HONGKONG] Microsoft Corp will start a trial of its interactive television service in Japan in March next year and plans similar trials in China, Taiwan and Korea,
        Bloomberg Business News  -  355 words
    • FINANCE & COMMODITIES
      • SMALLChange
        • Article
          Lock icon Maybank ups base lending rate to 7.7%
          44 9 Knight-Ridder {KUALA LUMPUR) Malaysia's Malayan Banking Bhd, or Maybank, yesterday raised its base lending rate to 7.7 per cent per annum from 7.5 per cent. It was the 10th revision in Maybank's BLR for 1996. Knight Ridder
          Knight-Ridder  -  44 words
        • Article
          Lock icon HK futures bourse seeking linkages
          43 9 Reuter (HONGKONG} The Hongkong Futures Exchange is seeking to expand its links with other futures bourses. Linkages are most likely in the area of currency futures S because that is where the most growth is coming from.— Rmter
          Reuter  -  43 words
        • Article
          Lock icon Amex travellers cheque group re-named
          54 9 Bloomberg Business News f (NEW YORK} American Express Co, which invented the 1 travellers cheque in 1891, has changed the name of its cheque group. American Express said that from now on its l Travelers Cheque Group will be known as the American Express Stored
          Bloomberg Business News  -  54 words
        • Article
          Corrections and clarifications
          67 9 IN OUR monthly Singapore government stocks quotation table published yesterday, the price and yield of the stock which matures on Sep 1,1996, should be $102.75 and 1.44 per cent per annum respectively and not $101.75 and 2.75 per cent per annum. The price of the stock which
          67 words
      • Article, Illustration
        Lock icon Daiwa puts off merger issue until after March
        264 9 Bloomberg Business News [TOKYO] Daiwa Bank Ltd won't study the possibility of a merger until sometime after March 1996, Daiwa president Takashi Kaiho said in an interview with the Nihon Keizai newspaper. Speculation that the embattled bank might merge with Sumitomo Bank
        Bloomberg Business News  -  264 words
      • Article, Illustration
        Lock icon Bullish bias for greenback
        370 9 inM/aarlu The greenback rose to touch a high of 1.4417 on Wednesday before it corrected to 1.4295 on Thursday. However, buying resumed quickly and the unit was brought to a high of 1.4505. The technical picture is bullish, with an inverse head and shoulders pattern seen
        Source:; ALLAN  -  370 words
      • Article
        Fulfil contract first, Hanoi tells BHP
        304 9  -  BHP wants to renegotiate US$l.5 billion Big Bear oil field contract By\ Harish Mehta [SINGAPORE] Vietnam has told Australia's BHP Petroleum that it must fulfil the remaining commitments in its US$l.5 billion (Ss2 billion) ail production programme before asking for a new and more
        304 words
      • Article
        Lock icon Broken Hill to acquire Magma Copper for US$1.8b
        345 9 Company will become the world's No 2 copper producer Bloomberg Business News Reuter [MELBOURNE] Australia's largest resources company, Broken Hill Proprietary Co, said it has agreed to bid US$l.B billion (552.5 billion) for all the shares in Magma Copper Co of the
        Bloomberg Business News; Reuter  -  345 words
      • Article
        Lock icon Scandal-hit Lazard to shut down municipal bond unit
        254 9 Bloomberg Business News [NEW YORK] Lazard Freres Co, beset by fines, scandals and shrinking margins, said it will cease underwriting and trading municipal bonds. "After careful study, we have decided to curtail our municipal operations," the firm said in an internal announcement
        Bloomberg Business News  -  254 words
      • Article
        Lock icon Banco di Napoli to get record 2.5 trillion lira in emergency loan
        251 9 FT [MILAN] Banco di Napoli, one of Italy's oldest and largest banks, is to receive a record 2.5 trillion lira (552.2 billion) emergency loan from the Treasury and 11 other Italian banks in an attempt to stave off
        FT  -  251 words
      • Article
        Lock icon CURRENCY REPORT
        148 9 AFXAsia AFP THE dollar was lower in midafternoon trade following the US National Association of Purchasing Management's November survey. It fell to a low 1.4435 marks at 3.10pm from 1.4460 at 2.59pm. Against the yen, the dollar fell to 101.30 yen from 101.33. At 3.25pm the dollar was
        AFX- Asia; AFP  -  148 words
      • Article
        Lock icon Heating oil dips on forecasts of warm weather
        291 9 ENERGY REPORT Bloomberg Business News [NEW YORK] Natural gas and heating oil prices fell as forecasts for warmer weather across much of the United States threatened to dampen residential and commercial heating needs. After a colder-than-average November, December is expected to begin
        Bloomberg Business News  -  291 words
      • Article, Illustration
        Untitled
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        1,130 words
    • COMMODITIES&FUTURES
      • Article
        COMMODITYReports
        844 10 [KUALA LUMPUR] Tin price on the KLTM closed six sen easier at M 115.74 a kg following a sharp fall of US$lO7 on the overnight LME. Weak support from Europe afeo depressed sentiment. At the opening level, bids totalled 36 tonnes while offers were at 96. Turnover was at
        844 words
      • Article
        Lock icon SIMEXReport
        1159 10 Reuter [SINGAPORE] Simex Eurodollar futures ended firm after trading within a one-tick band all day, with little rcope for further upside move. Eurodollars were supported by a strong overnight close in Chicago on renewed hopes of an impending cut in US rates amid optimism that the White House and
        Reuter  -  1,159 words
      • Knight-Ridder Commodity Summary
        • Article
          China gold output up 8.6% annually
          94 10 [HONGKONG] China's gold production has maintained an annual growth rate of 8.6 per cent during the years of the eighth Five-Year Plan from 1991-1995, the official Xinhua News Agency reported yesterday. China has revealed that the country will produce more than 100 tonnes of
          94 words
        • Article
          Indon coffee surplus
          113 10 [TOKYO] Indonesia is believed to be sitting on a sizable quantity of unsold coffee amid tumbling prices and slim chances for a strong price rebound in the near-term, traders said. Though reluctant to offer any figures, traders agreed Indonesia has a lot of coffee left including supplies
          113 words
        • Article
          Russia plans sale of metal firm
          80 10 [MOSCOW] The Russian Federal Property Fund is offering for sale a 49 per cent government stake in the Raznoimport foreign trade company at an investment tender on Dec 12, Interfax reports. Interfax reported Raznoimport officials as saying most of the US$92 million (Ssl29 million)
          80 words
        • Article
          Indian, French firms in metal ores talks
          122 10 [NEW DELHI] State-run Hindustan Zinc Ltd and BRGM of France may set up joint ventures to explore for zinc and nickel ores in third countries, the government yesterday told parliament. Mines Minister Giridhar Gamang said the two firms held talks to explore for
          122 words
        • Article
          Global copper concentrate surplus
          86 10 [LONDON] Global copper concentrate production is likely to rise 5.5 pef cent in 1996 resulting in an abundance of copper concentrates next year, according to analysts Brook Hunt. Global smelting capacity is forecast to increase by only 3.3 per cent in the same period. Charges for
          86 words
    • Article
      COMMODITY PRICES
      1095 10 MOOMPonnuB Deci BKI (Mara dmktf u at SJOya) ICMTtACTOcMts/kf) CltM VtkM OfM MmiM U» Uti tfNM.) I«»£t SM 223.00 222.00 222.90 ISO 2900 "3.00 222.50 300 1125 H 227.00 223.00 222JO 700 1425 A«g«H 222.50 219JO 221.00 750 ***** Ort/Btc 94 222.00 3300 miC0IIT»ACT(US««U^ L VotaM OfM {jij*
      1,095 words
    • REGIONAL STOCK MARKETS
      • Article
        Tokyo
        1991 11 +88J8 STOCKS rose close to 11month highs on growing optimism about the outlook for the economy and corporate profits and amid an influx of new money from domestic investment trust funds, traders said. The Nikkei Average gained 88.68 points to 18,833.10 the highest close since Jan 20. The Topix
        1,991 words
      • Article
        Sydney
        694 11 +45 Shares closed firmer as rises in blue chips combined with improved futures to counter the impact of an overnight fall on Wall Street. Slightly improved foreign debt and retail trading data had little impact. "The market is obviously trying to digest those figures and although they are on
        694 words
      • Article
        Manila
        430 11 ♦MJB Stocks rose to their highest leveiaTin three weeks amid optimism that economic growth will accelerate. "Everyone expects the remittances from overseas Fili- pinos to come in this Christmas," said an analyst. "That should ftiel the rim up in the fourth quarter." The PSE Composite index rose 24.98 points
        430 words
      • Article
        Taipei
        387 11 ♦32.74 Share prices finished higher as confidence was bolstered by government efforts to boost the bourse. "Players took a positive cue from the ruling Kuomintang's efforts to boost the market in the run-up to Saturday's elections," said a trader. The 321-issue Weighted Price Index rallied 32.74 points to 4,809.94.
        387 words
      • Article
        Seoul
        438 11 ♦&06 Stocks rose after three days of declines as investors bid up shares on expectations former President Roh Tae Woo's bribery scandal will end soon. In the six weeks since the scandal emerged, theindex has declined about 6 per cent. "There is a growing expectation that only a few
        438 words
      • Article
        Wellington
        384 11 ♦131 Offshore investors managed to tear themselves away from the Dow long enough to show some interest in the market, bolstering turnover to NZ$74 million at close. "There was good two-way volume in the leaders like Brierley, Fletchers and Telecom," said a trader. High turnover in the market leaders
        384 words
      • Article
        Bombay
        99 11 ♦417 Share prices closed a volatile day higher with the BSE 30 Index above the psychologically important 3,000-point level. The index finished 43.7 higher at a provisional 3,037.99. Dealers said a record 19 million Reliance shares changed hands, with other stocks taking a backseat. Reliance closed 13 rupees higher
        99 words
    • WORLD STOCK MARKETS
      • Article
        London
        616 11 ♦HI SHARES soared to a third consecutive record closing high, boosted by continued hope of rate cuts later this month and in the New Year, fresh bid talk and a resurgent Wall Street. The FTSE 100 Index closed at its all-time high level of 3,680.4, up 16.1 points, on
        616 words
      • Article
        New York
        703 11 ♦28J8 Stocks rose, led by shares of drug and heath-care companies, amid speculation those companies will post the strongest profits this quarter. "The key is which companies can keep coming out with strong earnings," said an analyst. "You know drug companies are going to have up earnings next
        703 words
      • Article
        Untitled
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        223 words
    • Article, Illustration
      Lock icon HONGKONG
      2411 12 Bloomberg Business News P Hang Seng *4Ua STOCKS rose after US bond yields reached two-year lows, fuelling hope thgt interest rate cuts will boost earnings in the US and the territory. "There are more signs we'll see a rate cut in the states in the middle of the month,"
      Bloomberg Business News; FRANCIS  -  2,411 words
    • Article, Illustration
      Lock icon CHINA
      496 12 Reuter n Shanghai B Share Ilia -OJI SHANGHAI B share index closed down mainly on overseas selling in blue-chip Lujiazui Finance and Trade but brokers said market sentiment was stable and buying in selected stocks was active. The index edged down 0.11 point to 50.53 on volume of 6.4
      Reuter  -  496 words
    • Article, Illustration
      Lock icon JAKARTA
      1011 12 Bloomberg Business News Q Composite Iniex +4J9 STOCKS rose to their highest point in more than three weeks after clove cigarette maker Gudang Garam reported earnings that exceeded most analysts' expectations, traders said. The Composite Index rose as much as 4.99 points to 486.72, its highest close since Nov
      Bloomberg Business News; BCRUZ  -  1,011 words
    • Article, Illustration
      Lock icon BANGKOK
      1166 12 Bloomberg Business News H SET Mi *K» THAI stocks rose almost 2.5 per cent yesterday, led by brokerages, on expectations that the US Federal Reserve will cut interest rates this month, analysts and traders said. "Any kind of interest rate easing will be a benefit to the Thai market,"
      Bloomberg Business News; ALLAN  -  1,166 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Stocks soar 2.5% on news of lower deficit
        6594 13 KUALA hJJMPURReports Bloomberg Business News Index *2186 MALAYSIA'S benchmark stock index yesterday rose 2.5 per cent to its highest in two months, led by banks, after reports of a shrinking trade deficit and slower economic growth allayed fears about how much interest
        Bloomberg Business News; ALLAN  -  6,594 words
    • WARRANTS&OPTIONS
      • Article
        Parkway Holdings: 1996 and 1998 warrants fairly priced
        3025 14  -  WARRANT WATCH By R Sivanithy THE surge of interest in property counter Parkway Holdings yesterday gives us a perfect illustration of how deep-in-the-money warrants usually behave. Parkway's 1996 warrants, which expire next July, bear a $1.35 strike price and ended at $2.42
        3,025 words
    • Article
      CLOB INTERNATIONAL
      1163 14 OMll M M n M MCap u fm"'i *h roooi w» u» ggr c» wi 9mm 4M MS KM Aisasoc Met «M MM 91 W JN UOUKJ Ml S JJ 5 *{f°* a0c 79 u 41 U U HI 4TTJ i m 229 m m f s s?•
      1,163 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1769 15 M TOtnovn roow valw rooo> mw 27, MO 51.539 74.640 tt75« fg H W H1THT1I -iter 3* i iisi Hi 5s > 'fiT* WW* UB MW X91* H CLO* TOTAL a s s a a SS' V .5 3 8 i J £*****. i s not ]i i t OOO
        1,769 words
      • Article, Illustration
        HOT STOCK
        62 16  -  By Paul Leo CWT Distribution at yesterday's dap Bfc Daily and weekly RSJs have bountm up firm avtmm region but the corresponding stochastic* are stitt teSc 25. Daily MACD Is turning bullish. Yesterday* nnftMr of 149,000 shares is nearly 30per cent more than thm l&day average of 100,000
        62 words
      • Article, Illustration
        Strong Malaysian rebound spills over to S'pore
        855 16  -  STOCK MARKET OOMMHMTAKT Reports of slower M'sian economic growth spark jump in Malaysian counters and help Singapore bine chips stage intra-day recovery By R Sivanithy [SINGAPORE] A report by Bank Negara, Malaysia's central bank, that the economy grew less than expected set off
        855 words
      • ON THE GRAPEVINE
        • Article
          Unhold to the end
          119 16 RIGHT till the bitter end. Barings trader Nick Leeson continues to keep his financial position open to the vagaries of the market. This time round, Leeson found himself on the wrong side of the £-S$ exchange rate. He had offered to pay prosecution cost of *****.000
          119 words
        • Article
          Beyond the balance sheet
          92 16 INVESTMENT analysts don't only look at balance sheets before they decide whether a company's stock is worth a buy. It seems one factor they consider is the look of a corporation's top executives offices. For instance, the Spartan office of Keppel Corp headquarters in Telok Blangah
          92 words
        • Article
          The wrong Tiang
          107 16 THE FRANCIS Tkmg who was defamed in Papua New Guinea turned out not to be the same Datuk Tiong Hiew King who bought a •W'' W> r substantial stake in Hongkong Ming Publishing This Tiong, we are told, is Mr Tiong Kiew Chiong. who is the general
          107 words
        • Article
          Aztech's planning a behalf
          46 16 AZTECH Systems Ltd, the second-largest manufacturer of multimedia sound cards for personal computers, is planning to issue a Euroconvertible bond to raise up tofSQ v: million in the first quarter of 1996, we learnt Crosby and HG Asia are the lead managers.
          46 words
        • Article
          Betting on Happy Valley
          95 16 ONE US broker believes that Tanjong pic may peg more of its draws on overseas raoee following the Nov 26th experimental move. On that day, it extended business hour to 7pm and pegged draws to a special live-telecast horse race in Hongkong's newly revamped Happy Valley
          95 words
    • Article
      MAIN BOARD
      3907 15 Or Cr M irt ma LaPt Val Day LMtOwt* Mv Dtv YM Nat Cap A«« t— »«Wa Clip any lit COOO> l—> La. Hypr 8p8ar CV W U* WW MM t TRIALS 52 22. 1222 05,84 46 »6 183 164 M6 12.5 304.6 22 £2 m 1000 *40
      3,907 words
    • Article
      SESDAQ
      768 15 Cf Or M Wt Lff* v Oty LaatOwt* IM* Ot* YM MM Cm A<* ww» ciw>m> am coooi hn» u» —yr cv rtt $51 J" J® f°2> MS 2 172 2M 243 284 285 ISO 6 9 0 3 62 0 126.0 MS ,52 5?« S2T, »lUm«trt»SOc 238 -1
      768 words
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      Page 11 Advertisements Column 1
      142 11 l_ i r i 1 Start my mjQN THEBUSINESSTIMES '«««»for local) The Business Times isa**™ 1 0 A 0 Address: Faster. Sharper. Deeper i Telephone No (H): (O): A bold new look and a fresh approach to the news and views. J CCUpat >n: Tlx/Fax*: *Please delete where applicable. Faster
      142 words
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      Page 15 Advertisements Column 1
      38 15 i I FAST RELIEF FROM MW% Hi Indigestion causes pain and discomfort in your stomach. Gaviscon acts quickly by forming a protective layer mhp *****5 over the undigested food in the stomach, to relieve indigestion. QAVISCON RELIEVES INDIGESTION.
      38 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      485 16 Singapore Closing Share Prices 1/12/1995 CLOSE PREV LOW HIOH us* us* ust us* Ml if# Jardine Matheson 6.20 6.06 6.06 6.26 PTMMAH Jard,ne 2.66 2.63 2.61 2.67 L XsSwA oa^yfmm 0.82 0.82 0.82 0.83 Hongkong Land 1.80 1.78 1.78 1.81 ■■nMI Mandarin Oriental I.ig 1.13 1.14 1.20 EOVWm Jardine Strategic
      485 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Lock icon Boom times for home specialists
      1169 17  -  Outfitting homes is now a billion-dollar industry in Singapore, iatblbbk hhiito talks to some of the businessmen behind the phenomenal growth KATHLHEN HERZIG The writer is a freelance journalist who contributed this article to Executive Lifestyle. IN THE old days, interior design meant going to
      CHRIS LOH  -  1,169 words
    • STRAWS In The Wind
      • Article
        Best face forward
        51 17 IF YOU're Indonesian and need to take a photo fast, check out the instant photo booth at the Indonesian embassy. Stern instructions on the side of the booth read: "Rules for Indonesians. A) Must wear white shirt. B) Ears must be seen. C) Forehead must also be
        51 words
      • Article
        Unbearable discovery
        84 17 BUYING property in China can turn into a nasty Goldilocks scenario, if you're not careful. One Singaporean who went to look at his new Shanghai property was shocked to find someone living there. He produced his title deed to prove his ownership, but "Goldilocks" pooh-poohed it as a
        84 words
      • Article
        News on the move
        65 17 WANT to know the latest news in town? Just ask a cab driver. A journalist spent an entire taxi ride listening to the driver talk about people in the news like Nick Leeson and Chee Soon Juan. The cabbie also invited him to take some material
        65 words
      • Article
        Out of touch
        55 17 HERE'S proof that Singapore men pay no attention to culture, or at least to local arts. Said a woman to her husband: "I'm going for Hokkien Mee and Teochew Porridge." Replied her husband: "Oh, where?" Said she: "Jubilee Hall." He looked puzzled, then said: "I didn't know
        55 words
    • VIEWPOINT
      • Article
        The challenge of the Asia-Pacific
        985 18 NO QUESTION about it, the business potential of the Asia Pacific is tremendous, and it's real. But surrounding the reality is a thick layer of myth and even large Western multinationals can get taken in, says Lim Soon Hock. "Right from Day One, I have
        985 words
      • Article, Illustration
        Lock icon Completing a career matrix
        1752 18  -  Conversation Lim Soon Hock has just relinquished his post as managing director of Compaq Computer Asia-Pacific to become president and CEO of Australia-listed Matrix Communications. He explains why to jumhimth jambs KENNETH JAMES Relaxing in the spacious Suntec City Tower office that he will soon have
        ARTHUR LEE  -  1,752 words
      • Article
        Computing is about lifestyles, not computers
        760 18 PROM HIS vantage point near the top of the computer industry, Lim Soon Hock sees technology transforming society and in the process transforming itself dramatically. "I think in the future, computing won't be about computers, it will be about lifestyles," he says. Come again?
        760 words
    • STYLE
      • Article, Illustration
        Lock icon Doyenne of haute design
        1297 19  -  When IiTHMM HTmim visits the most stunning residences in Singapore, she finds that one name keeps cropping up as the creator Patti Teo KATHLHEN HERZIG The writer is a freelance Journalist who contributed this article to Executive Lifestyle. AT THIS time of year when minds scramble
        CHRIS LOH  -  1,297 words
      • Article, Illustration
        Lock icon Shaping the landscape of contemporary art
        1185 19  -  ART Ftaak Stella's wtrks have contributed mach Utile development «f 20th century art By] Parvithy N Narayan MODERN or contemporary art is not easily accessible to many people, largely because its meaning isn't found just in the visual product, but in the artist's thought
        CHRIS LOH  -  1,185 words
      • Article, Illustration
        Hello Ellen, goodbye Cicely
        575 20  -  TELEVISION The bad news is that not-so-fnnny Ellen is back on Monday nights. The good news is that Northern Exposure has finally ended its ran By. Jaime Ee HAVE you ever experienced this? You're out shopping and bump into someone you don't really like, but you're
        575 words
      • Article, Illustration
        A star is bred
        621 20  -  CINEMA We're not at all surprised that Babe is bringing home the* bacon for its producers it's easily one of the smartest movies made this year By, Jaime Ee 1 COULD be wrong, but I'm wondering if it's such a smart marketing move to open both
        621 words
      • Article, Illustration
        Lock icon An Irish lass at Boat Quay
        432 21  -  NIGHTSPOT Expect fine hospitality, good humour and Ugh spirits at Molly Malone's By\ Shahiron Sahari THE IRISH, as usual, have a word for it: Craic, which means that rare mix of music, conversation, good food and drink, fine hospitality and most of all, humour.
        ARTHUR LEE  -  432 words
      • Article, Illustration
        WHAT'S OH
        423 21  -  Compiled by Corinne Kerk THEATRE Hanoch Rosenn In need of a good laugh? Even if you aren't, it's still worth checking out the international comic from Israel who will present a multi-theatrical show of images, satire and allegory. Last year, the mime artist entertained a full-house audience at
        423 words
    • EPICURE
      • Article, Illustration
        Lock icon An all-Asian vintage
        908 22  -  Twelve years in the making Thailand's first international wine, Chateau Loei, will be tested on Thai palates before being launched on an unsuspecting continent utx boid has the details ALAN BOYD The writer is a Bangkok-based journalist who contributed this article to Executive Lifestyle. THE country that
        CHRIS LOH  -  908 words
      • Article
        Two years of excellence
        808 22  -  WINE CONNOISSEUR Acmparatrntutiigaf tw* exceptional Berdeanx vintagesUBf udltM-yialM fascinating ranks By N K Yong THE 10-YEAR period from 1981 to 1990 saw a remarkable run of very good vintages 1982, 1985, 1986, 1988,1989 and 1990. Five to 13 years on, 1982 remains the undisputed greatest of
        808 words
      • Article, Illustration
        Lock icon Sheer indulgence in every mouthful
        610 22  -  M RESTAURANTS MBcnariDam i- IM np > rhampagfiA cosine that's just teegsod to be missed By, Jaime Ee IT HAS something to do with the Singaporean state of mind, I suppose, that it doesn't quite sink into the noggin when you're told that it costs
        CHRIS LOH  -  610 words
    • Article, Illustration
      CINEMA
      1100 23 Affair Flay. Dutch movie. A diamond merchant is pathologically jealous. He imagines his wife sleeping with every man she meets. To save his marriage, he asks a golfer to seduce her. R(A). Cathay: 12am. Yangtze: 11; 5.15; 12am. Golden: 12am A Kid la Sag Arthur's Court. A 20th century
      1,100 words
    • TRAVEL
      • Article, Illustration
        Lock icon Paris for shoppers
        1274 24  -  A sensibly-shod hhih rawsthorm tours the French capital in search of real savoir faire ALICE RAWSTHORN FT ARIS is heaven for shopaholics, even at a time like this when the strong franc makes prices H seem steep to many foreigners. The most tempting shops are concentrated in
        FT; PHOTOBANK  -  1,274 words
      • Article, Illustration
        Lock icon Home of the Minangkabau
        1035 24  -  DESTINATION The town of Bukittinggi And its environs in West Sumatra offer a welcome getaway for the dty-weary By] Parvathi N Narayan The writer is a freelance journalist who contributed this article to Executive Lifestyle. SUMATRA, the "Isle of Gold", fifth largest island in the world,
        PARVATHI N NARAYAN  -  1,035 words
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  • Page 23 Miscellaneous
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