The Business Times, 16 December 1995

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 046/12/93 Internet: http://www.asial.com.sg/biztlmes SINGAPORE WEEKEND EDITION, DECEMBER 16-17,1995 85e
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  • 62 1 rjsra mm imii (-1.55) □53U PfBT-MOA UUMJI (+13.71) STOCK IpkHETIXDKSS Fridav Cfcaagr KLSEC0MP WUA „.*74 NIKKEI 19JU6M -138.75 HANG SENG 9,856.65 -54.11 SET INDEX lja.ll +7.B JAKARTA COUP 4&LS1 +127 MANffeA COMP —2,497.65 +1-100 TAIPEI WP1_ *,***** -11J0 SEOUL OOMP .899.55 4.12 BOMBAY BSEN ..J .048.65 -4.77 CLSA
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  • 65 1 ust st i_ im ii« DM MM OJM VI#- IJ8S. 1JH m. OJffl 0.5*7 HK| 1.129 0.183 BAW_ 0.040. 0.050 RIIPIAB 100 0.044 ...0.0K rUHElATES SINGAPORE* 144 KlIALA LUMPUR 8.15 JAKARTA 17.30 BANOKOK 1173 MANILA. 15.00 HONGKONG IM TAIPEI __.U0 SYDWtlY Jft73 TOKYO .180 SEOUL 1100 ZUBCH** 1143 FRANKFURT**
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  • 544 1  -  Sector will account for hefty chnnk of business as company cots back on retail By< Conrad Raj [SINGAPORE] Telecommunications will account for more than half of Transmarco's business as it moves towards its goal of becoming a billiondollar company in the
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  • 490 1  -  Kotjf find Mtfchmni M&h&tkir expected to i J D 6 onerea indirect stakes From\ Ruth Wong in Kuala Lumpur THERE may be more to Malaysian tycoon Vincent Tan Chee Yioun's acquisition of a 20.1 per cent stake in Parkway Holdings for $227.17 million
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  • 341 1  -  By Yong Mei Fong [SINGAPORE] Asia's leading cruise operator Star Cruise has placed a US$7OO million (Ss9B7 million) order for two luxury vessels which it says will be among the world's largest and fastest cruise ships. The Superstar Leo and Superstar Virgo
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  • 293 1  -  By] Lee Han Shih [SINGAPORE] Fraser Neave (F&N) yesterday announced a sharp but expected 38 per cent jump in net earnings to $184.8 million and capped it with a surprising l-for-5 bonus issue. Its subsidiary Centrepoint Properties Ltd (CPL) saw
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  • Page 1 Advertisements
    • 166 1 nrgPE Season's tmthmmu With gift-giving round the corner, Executive Lifestyle asks some head honchos what they want for Christmas. Plus our own gift ideas, ELI MImmIK SIM frit Two enbloc estates up for tender as a parcel in Stevens Road have been hotly contested, P|2 MBWgTMJPB Whwmbmpm ti mm taieeemmrie&tiwi
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    • 132 1 AtTHUKLSK What's in store at the stores Competition in the Singapore retail trade is doing things to department stores, Pg2 U2 Quality has no age. Quality has no limit. Quality has no colour. A Is* available as Rollerball, Ballpoint ami Mechanical Pencil. Choice of 5 different colours; black, grey, blue,
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    • 5 1 aslltggest prqfU contributor, Pg 7
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  • SINGAPORE AT HOME & ABROAD
    • 347 2  -  Heavyweights ail tele MMiagarttM flttptfbr By\ Michelle Low TWO adjacent en bloc estates up for tender as a parcel in the Stevens Road area have been hotly contested, reflecting the continued interest in choice freehold residential land. Sources said the combined 77,500
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    • 322 2  -  By Chan Siew Ling WHILE electronic mail is the staple of the Internet a new survey suggests that there is strong interest in banking services in cyberspace. The survey, conducted by MasterCard International, revealed that 43 per cent of respondents used the Internet for electronic
      Source:; BCRUZ.  -  322 words
    • 281 2 ORCHARD Parade Holding's (OPH) 234-unit Westcove Resort condominium is 40 per cent sold just a few days after its launch, repeating the pattern of another residential project in the west marketed this week. Sources said yesterday that OPH Far East Organisation's listed
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    • 105 2 AYUDHYA International Factors, a Thai associate company of International Factors (Singapore), has tapped US$lO million (5114.1 million) from the Asian dollar market in its first fund-raising exercise in the international capital market. The one-year syndicated loan, which bears an interest rate of one per
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    • 138 2 STARTING this Christmas, taxi passengers will have to pay an extra dollar when they hail a cab between 6pm on the eve of certain public holidays and midnight the next day. The new public holiday surcharge applies on New Year's Day, the first two
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    • 391 2  -  A variety of gimmicks to entice shoppers to buy, buy, and buy By Diana Oon LONGER opening hours, discounts, gifts, lucky draws, exhibitions and shows the festive feeling is in the air. This weekend, most of the larger department stores will be extending
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    • NEWS Roundup
      • 30 2 NTUC Choice Homes—that is the name of the new National Trades Union Congress cooperative that will bqflll private housing, to an announcement gMetted NTUC member*
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      • 58 2 chief executive convicted at corruption, hat been stripped of his puhlte service awards. A government statement yesterday said Choy's Pubttc Administration fold and silver awards have been revoked. Choy received the maximum 14 years' Jail last rooati> and to forfeit $13.86 million received as
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  • Page 2 Advertisements
    • 167 2 I I NEW 'E 1 CLASS IMM sth5 th FL EXHIBITION HALL f I BRAND NEW IMMEDIATE I MERCEDES C2OO I Leather upholstery Electrically Operated seat I Hi-fi CD changer I In-Car TVX I AMQ design alloy wheels I *12 months free maintenance I $175,000 without coe I MBM PTE
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    • 213 2 BUSINESS TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 1 m 1 PRIMEEAST SECURITIES (HK) LIMITED Career opportunities in Hong Kong 1. Equity Sales Positions Senior Sales Manager) P 2. Regional Equities Dealer As a young but expanding regional brokerage with the focus of operations in Hong Kong, we are looking
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  • Page 2 Miscellaneous
    • 347 2 THE WEATHER Singapore Showers over several areas in the late afternoon and early evening. Temperature (24-32) Auckland WlB oSj !■!>!& *2*l CtaJ AM- !!?iMI On* 3111 (Yiuch Ahem IMK Show* BunoaAica 3/1* Saay Bjfk- M/-4 fcrtta «/-3 (My CMm -t/S Omtj Bcntony. XXI 9 Sanv ha 06/1 (Jomh HoaoMa WX7
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  • Page 3 Advertisements
    • 500 3 'H| I wiithijL,* K I 1 j&' *n |v jb 1 f(i 22 f* Ps^ II ill •|l<'MiMit^^^^.'MK^W^Bßßi-g U Din' s H-im M i'l ill< j l'Hi ■jHlßll i™i^m^i^WMl^Bj Bjnf Hi HA MIIII ill fBBHi ■MHil si i liiliillii ffHHHBii lIH 8 J lImI Hj IBPURH' mmFz^MrlS In ■Ihb 15
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 44 4 Those polled for their views on the Singapore stock market s outlook the week ahead are: Alliance, Barings, Daiwa Securities, Fraser, GK Goh, Deutsche Morgan, Nomura Securities, Phillip, Credit lyonnais, SBC Warburg and Merrill Lynch Securities. Figures denote number ol respondents
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      • 249 4 (Si ITiUtljr CSA's PE is Inexpensive (14.6x95 estimate, 12.3x96E and 10.7x97E). The Singapore market is currently trading at a 1996 PE of 18-19 x. Systems integrators in the US such as Computer Sciences and Technology Solutions are currently trading at 30-35xPE based on consensus 1996 earnings. We believe this
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      • 104 4 Laid A GoNral (LAO): LAG announced it has formed a joint venture with Petronas and Mitsui to develop a vinyl chloride monomer (VCM) plant The plant is to cost Ms7so million (*****.7 million) and will be located in Kertih, Terengganu. Petronas will have a 60 per cent share, and
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      • 153 4 Ttangl Naskoah It was reported that Tenaga has offered to spend M 11.7 billion (***** million) to upgrade Penang's power supply. The Penang State Assembly will debate on this proposal. We believe that Tenaga, which has proposed to build a power plant in Penang, will propose to build another
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      • 310 4  -  Paul Sckymyck ES£ Umum Caaadiu Imperial Bank C T N the wake of the I much talked about JL 'Pacific Century' and the new-found faith in America's productivity, Paul Krugman's article that Asia's growth was purely due to the mobilisation of inputs and there is no myth
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    • 750 4  -  The cost of travel insurance is far from prohibitive and being covered will come in useful in emergencies By I Soh Tiang Keng [SINGAPORE] THE exodus has begun. With the December school holidays now on, thousands of Singaporeans and their families are flocking to tourist destinations
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    • 541 4  -  HTB OK THE BBOXOMi PHILIPPINES Index could break 3,000 in the new yean analyst By i Conrad Raj [SINGAPORE] EACH time things appear rosy for the Philippines, a problem seems to crop up. Right now, Just as the country seems to have put behind it the effects
      Source:; ALLAN  -  541 words
    • 513 4 Bloomberg Business News [HONGKONG] Asian stock markets are poised to rebound next year as rising savings rates boost the price of equities in the region, Alan ButlerHenderson, director of Asia strategy at Baring Securities, told the Bloomberg Forum. "During the second half, the right place
      Bloomberg Business News  -  513 words
    • 393 4  -  By\ Shahiron Sahari [SINGAPORE] The Business Times Golf Index, not unexpectedly, slipped again In November. The only way It will not slip any further, at this rate, would be if some extremely kind souls started buying club memberships as Christmas presents this
      ALLAN  -  393 words
  • Page 4 Advertisements
    • 102 4 TECHNICAL BINGO! I KLSE rom ended Nov 3.95 to Nov 17, 95 we detected a record of 950 buying signals on the KLSE. Index begins move J ma the close of 888.91 to $$$$.xx? ZJgnal the triggering indicators that matters.* Introducing our new PENNY INDEX and market TENDENCY chart. Other
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    • 25 4 f Firmly secured operating new highways with exalting toll-collections in China invite financier/partner. Principals fax full identity financier status to 03-*****36/ 03-*****16 with confidentiality guaranteed.
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  • REGION
    • 523 5  -  VIEW FROM THE SUMMIT ASEAN SUMMIT IN BANGKOK Outward regionalism will open up new vistas By Loh Hui Yin NOW that intra-Asean economic cooperation is a given, the regional grouping is taking steps to push beyond Asean's boundaries. With the grouping adopting an "outward regionalism"
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    • 211 5 The Straits Times PRIME Minister Goh Chok Tong yesterday held discussions with his counterparts from Malaysia and Vietnam. A spokesman from the Singapore delegation said that Mr Goh and Dr Mahathir Mohamad had a meeting in which they "continued the discussion they
      The Straits Times  -  211 words
    • 356 5 HONGKONG China V-P's son urges HE to oppose interference after W SCMP CITIC Pacific chairman Larry Yung Chi-kin has warned that unwarranted interference by Beijing in the territory after June 1997 could "kill Hongkong". There was a strong possibility that mainland
      SCMP  -  356 words
    • 137 5 BOMBAY AFP A MILITANT Hindu leader who wields enormous clout in the western Indian state of Maharashtra has asked the US-based Enron Corp to behave or face the scrapping of its power project, a newspaper reported yesterday. The Indian Express said
      AFP  -  137 words
    • 243 5  -  HONGKONG By< Quak Hiang Whai UNEMPLOYMENT in Hongkong in the three months to November remained at a 10year high of 3.6 per cent despite government efforts to cut the jobless rate. The situation is due to an increase in labour supply, said the
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    • 308 5 TOKYO AFP ASIA'S currency authorities appear to have shifted their focus away from the US dollar towards the yen to counter inflationary pressures and to protect foreign debt holdings, Japan's Economic Planning Agency said yesterday. In its White Paper on the world
      AFP  -  308 words
    • 40 5 [TAIPEI] A technician adjusting a robot yesterday featuring Chinese President Jiang Zemin (left) at a robot show in downtown Taipei. Mr Jiang is presented in a simulated dialogue with his Taiwanese counterpart Lee Teng-hui. AFP
      AFP  -  40 words
    • 303 5 ■JAKARTA Allegations contained in secret memos to President Suharto AFP SECRET documents written by Indonesia's national development inspector-general have accused Transport Minister Haryanto Dhanutirto of misappropriating state funds, it was reported here yesterday. Copies of three memoranda addressed to President Suharto and whose
      AFP  -  303 words
    • 122 5 TAIPEI Bloomberg Business News RISING political tension between Taipei and Beijing is hurting Taiwan's economy and its prospects, said Taiwan Economics Minister, P K Chiang. "This is surely affecting the confidence of the people who want (to) continue to invest and also the confidence of people
      Bloomberg Business News  -  122 words
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  • REGION/WORLD
    • 357 6 EU currency Euro to debut on Jan 1,1999 MADRID Qualifying countries to be chosen in 1998, banks to use it in 1999, public in 2002 Reuter EUROPEAN Union leaders agreed yesterday to call their single currency the "Euro" and confirmed they would introduce it on Jan 1, 1999. "It's a
      Reuter  -  357 words
    • 300 6 SEOUL Reuter AFP SOUTH Korea's Constitutional Court cleared the way yesterday for a special law to punish ex-presidents Chun Doo Hwan and Roh Tae Woo for their roles in the May 1980 Hwang u massacre. The court announced it was dropping
      Reuter; AFP  -  300 words
    • 140 6 PARIS AFP FRENCH Prime Minister Alain Juppe and trade unions tried to save face in a new deadlock yesterday as a transport strike crumbled after crippling the country for more than three weeks. A majority of railwaymen voted yesterday to suspend a strike paralysing French
      AFP  -  140 words
    • 176 6 FRANKFURT AFP Reuter BUNDESBANK President Hans Tietmeyer said on Thursday that he did not think Germany would go into recession next year. He said after a Bundesbank central council meeting that made a half-point reduction in the central bank's discount and Lombard rates that
      AFP; Reuter  -  176 words
    • 195 6 LONDON Reuter A BRITISH parliamentary committee is to carry out its own inquiry into the collapse of Britain's oldest merchant bank, Barings, after spotting discrepancies between reports produced in Britain and Singapore, the committee's chairman said on Thursday. Barings Bank collapsed last December with
      Reuter  -  195 words
    • 198 6 WASHINGTON Bloomberg Business News CHINA must move swiftly and effectively to crack down on pirated American compact disks and other products, US Trade Representative Mickey Kantor said in a statement yesterday. "We expect strong and effective action against the more than 29 factories in
      Bloomberg Business News  -  198 words
  • Page 6 Advertisements
    • 723 6 f C.K. TANG LIMITED (Incorporated in the Republic of Singapore) INTERIM REPORT For six months ended 30 September 1995 The directors announce the unaudited half-year results of the Group and the Company as follows:GROUP COMPANY 30 9.95 30.9.94 30.9.95 30 9.94 SS'OOO SlOOO SS'OOO Ss'ooo 1. Turnover 88,948 88,983 81,681
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  • Page 6 Miscellaneous
    • 18 6 DOONESBURY By Gary Trudeau TkjKBMPSONAte TOURJN6 ISHOULPBeAOSTOeefX **7HePzMLOFWADA. I w7vm£pwSeSSm^\ B" fr^/Ex^gw' J I wng.okay? anpihb AJoe *%cantrscalll
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  • COMPANIES & MARKETS
    • 649 7  -  It overtakes beer and stout as biggest contributor to profits for first time By Lee Han Shih [SINGAPORE] For the first time in its history, the Fraser Neave (F&N) group is making more money from property than from selling beer and stout. And this wiU continue
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    • 375 7  -  Family holding company says timing is not right By\ Conrad Raj [SINGAPORE] The family feud over service apartments operator Scotts Holdings continues with former chief executive Rafiq Jumabhoy being denied the right to exercise his options, for the moment. Rafiq filed a notice last
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    • 319 7  -  By Yong Mei Fong [SINGAPORE] Sembawang Shipyard has entered into a joint venture with the China Offshore Oil Bohai Corporation (COOBC) to operate the tetter's shipyard in northern China from end-January next year. Under the deal, Sembawang Shipyard would take a 50 per cent stake
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    • 188 7 [SINGAPORE] First Capital Corporation (FCC) said yesterday it sold 21.77 million Heshe Holdings shares representing 7.66 per cent of Heshe's capital on the open market for $10.97 million. FCC said the sale would result in an extraordinary gain of about 16.5 million for the group.
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    • 642 7  -  BOCK LOCK SIBW By R Sivanithy PROTECTING individual investors from unscrupulous business practices or from potential financial loss in the local stock market are noble goals, but examples abound that illustrate how difficult this can be. One instance is this week's punishment meted out by
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    • 334 7  -  By Teh Hooi Ling [SINGAPOREI Listed stockbroker Kim Eng Holdings feU victim to the market's slowdown with group net earnings plunging 41 per cent to $16.2 miUion for the six months ended Sep 30. Turnover was down onethird to $53.6 mUlion. Kim Eng said
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    • 327 7  -  By Jenny Lam [SINGAPORE] C K Tang yesterday said that it had slashed its interim loss by about 29 per cent to $8.9 million. While the improvement is in line with some analysts' expectations that it would do better with the rationalisation of its operations
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    • REGIONAL COMPANIES
      • 456 8  -  Thin volume expected because investors not familiar with fatures trading, say brokers From\ Ruth Wong in Kuala Lumpur MALAYSIA'S first options and futures market kicked off yesterday with a muted cheer which was followed by a day of muted trading. Only 111
        REUTER  -  456 words
      • 373 8  -  Consortiums bid for residential project above proposed Kowioon MTR station Prom' Quak Hiang Whai in Hongkong THE contest is on for possibly Hongkong's largest property project with at least five consortiums yesterday submitting their bids for the first
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      • 229 8 [SINGAPORE] Marine-based Hai Sun Hup Group turned in a 16.7 per cent rise in interim group net profit to $13.44 million yesterday, thanks to a strong performance by its hotel division. The group said the improved piy)fit« for the six months ended Sep
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      • 468 8  -  Share price climbs 14 cents to $&28 on news of winning bid By I S N Vasuki [SINGAPORE] Singapore Telecom (ST) is expected to fork out a stunning US$6B6 million (*****.7 million) its largest overseas investment yet for its 28 per cent
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      • 188 8 [SINGAPORE] Marine engineering and repair company Metalock has posted a 20 per cent rise in interim group net earnings to $578,000. This works out to earnings per share of 2.41 cents, up from two cents in the same period period last year when the company made
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      • 357 8 HONGKONG Land Holdings, the property arm of the Jardine Strategic group, yesterday said it will charge into its own profit and loss account US$l56 million (Ss2l9 million) out of the massive losses arising from its UK associate Trafalgar House. The charge will significantly reduce
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      • COMPANY Briefs
        • 30 8 [SINGAPORE] Overseas Union Securities announced yesterday that the group's unaudited net tangible asset backing per $1 share as at Nov 30 was (2.87.
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        • 64 8 (SINGAPORE] Acer Global Inc has become a wholly-owned subsidiary of Acer Computer International (ACI). Incorporated in Taiwan in April 1994, Acer Global assembles Acer computers there for markets where ACI does not yet have any local assembly plants. Acer Global was previously 99 per
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        • 18 8 AFP [KUALA LUMPUR] Genting Bhd said yesterday it had discovered five more forged scrip.—AFP
          AFP  -  18 words
        • 33 8 AFP [HONGKONG] Cathay Pacific Airways Ltd is pulling out of a proposed 1.2 billion yuan (***** million) deal to run Xiamen airport in Fujian province. —AFP
          AFP  -  33 words
      • 145 8 [SINGAPORE] Goldtron Ltd is teaming up with an Australian company to make and market a low-cost voice mail and private telephone exchange system aimed initially at the North American market. The company announced yesterday that it has entered into an agreement with Formulab International
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    • FINANCE & COMMODITIES
      • 497 9 165 million contracts traded this year as surging stock prices boost business to surpass 1987 levels Bloomberg Business News [NEW YORK] Equity options trading set a record for the year this week, surpassing the market's banner year of 1987, as surging stock prices boost the
        Bloomberg Business News  -  497 words
      • 400 9 US$/mark: The US$/mark edged higher to 1.4543 by Thursday before plunging the same day to touch a low of 1.4350. Despite this downmove, the overall bullish technical picture remains intact. Support levels are seen at 1.4270 and then at 1.4190. Only a
        Source:; ALLAN  -  400 words
      • 227 9 AFP [TOKYO] Japan's Deposit Insurance Corp announced on Thursday it will give 473 billion yen (556.58 billion) to Midori Bank, the successor of a Kobe-based regional bank that collapsed in August. Corporation chairman Toshihiko Fukui said financial assistance is scheduled to be provided on
        AFP  -  227 words
      • 200 9 Reuter [SINGAPORE] Increased South-east Asian and Australian production of liquefied petroleum gas (LPG) is expected to force Middle East producers to lower prices next year to maintain market share, industry sources said. In its latest term talks to renew LPG exports to Japanese importers,
        Reuter  -  200 words
      • 334 9 They say it could make them liable for investment risks Bloomberg Business News [WASHINGTON] Citicorp, Chase Manhattan Corp and seven other banks say a rule proposed by the Securities and Exchange Commission could leave them liable for risks posed by investments mutual funds
        Bloomberg Business News  -  334 words
      • 137 9 Reuter [FRANKFURT] The German Banking Association (BdB) has criticised Basle Committee recommendations for derivative risks, saying the requirement to set aside capital worth three times the assessed risk was too high. The proposal by the Basle Committee on Banking Supervision was endorsed on Monday
        Reuter  -  137 words
      • 248 9 AFP [BEIJING] China has signed its first agreement to raise overseas funds through structured trade financing, with syndicated loans from foreign banks to fund the construction and export of a 150,000-tonne ship. Xinhua news agency said the agreement was signed on
        AFP  -  248 words
      • 158 9 Reuter linndfm THE dollar poked the top of its three-week trading range against the yen in Europe, but it otherwise had little reason to move either way ahead of the Federal Reserve meeting next Tuesday. The summit meeting of European Union leaders in Madrid also offered speculators little
        Reuter  -  158 words
      • 287 9 ENERGY REPORT Reuter [SINGAPORE] China's recent buying spree of crude oil is in line with the country's yearend stockpiling and to meet high demand for domestic oil products before the Lunar New Year, trade sources said yesterday. Chinese traders also dismissed fears among
        Reuter  -  287 words
      • Article, Illustration
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    • COMMODITIES&FUTURES
      • 861 10 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market rose six sen to M 515.88 per kg in line with the higher closing on the London Metal Exchange overnight. On the LME, three-month tin closed US$45 higher, and the lower offering by sellers on the local front
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      • 1093 10 Reuter [SINGAPORE) Simex Eurodollar futures ended higher on short-covering and rising hopes of a credit easing in the US next week. Recent signs of an economic slowdown in the US have fuelled speculation that the Federal Reserve will lower interest rates at its next policymaking meeting on Tuesday.
        Reuter  -  1,093 words
      • 446 10 Reuter [SINGAPORE] Sluggish year-end demand for Asian base metals and growing copper deliveries into Singapore are swelling inventories and are likely to reduce local spot premiums to London Metal Exchange (LME) prices, traders said. They said dealings were subdued and could stay thin for
        Reuter  -  446 words
    • 1158 10 SI COM FUTURES Dec 15 RUBBER (Mures riosiflfl u it SJOpa) RSS1 CONTRACTU cwrtsAfl) Ctao VoNmo Om Low Sott (towwos) hrtorost JM H 230.50 227.50 230.50 225 *25 Fot> 96 230.50 230.50 230.00 t25 3050 tor 96 230.50 230.50 230.00 25 1725 *pf/Jw W 226.50 ***** J*»/5«P 96
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    • REGIONAL STOCK MARKETS
      • 2381 11 ■152.75 STOCKS fell, led by banking and technology shares, amid disappointment over tax reform proposals offered on Thursday by Japan's ruling coalition. A drop in US stocks also weighed on the market. "The market was already concerned about the decline in New York and then reports of higher capital
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      • 638 11 •12 Investors ignored rises in Wall Street to drag the bourse lower due to a slide in some commodity-based stocks. "It's the same old story once again the Dow is up and we fall," a trader said. The All Ordinaries Index closed 2.2 points lower at 2,220.5. The All
        638 words
      • 340 11 ♦13L0 Share prices rose in lacklustre trading. "There's an absence of trade, and most likely the market will move sideways and remain that way until the end of the year," said a trader. The PSE Composite Index rose 13.00 points to 2,497.65. Turnover was to 780.1 million shares valued
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      • 365 11 -1L09 Share prices finished lower as investors locked in profits following recent gains, with construction and food shares hit hardest. "Today's profit taking would help sustain the wave of upward trend," said a dealer. The 321-issue Weighted Price Index dropped 11.09 points to 5,053.90. Turnover was 2.21 billion shares
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      • 452 11 -9J2 Stocks closed lower as investors remained on the sidelines amid market uncertainty. "Investors, who seemed to have lost confidence, continued to dump their holdings amid concerns over the country's economy and political instability," said a broker. The Composite Price Index fell through the psychological barrier of 900 points,
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      • 452 11 -1058 Stocks fell for a second day, amid concerns higher domestic interest rates will crimp company profits. Telecom fell as relatively high bond yields were viewed as more attractive and forester Fletcher Challenge dropped on concern over lower pulp prices. "It's a continuation from yesterday the interest rates story,"
        452 words
      • 118 11 -4.77 Stocks finished down as late short-covering in select blue chips failed to erase the morning's losses, brokers said. The 30-share BSE Index closed with a loss of 4.77 points at a provisional 3,048.65. The 100-share National Index shed 7.80 to 1,401.85. Reliance was in the limelight after opposition
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    • WORLD STOCK MARKETS
      • 671 11 -29.0 UK blue chips broke a string of four consecutive share gains, ending the week on a timid note as a hotly-rumoured takeover deal failed to materialise and market attention turned to winding down of year-end positions. The FT-SE 100 Index closed down 29.0 points to 3,642.6, after briefly
        671 words
      • 735 11 +6J4 US stocks were mixed as gains in bank and other financial shares tempered a drop in computer and semiconductor issues. Trading volume surged as the expirations of options and futures drove demand for stocks. More than 387 million shares changed hands by noon EST. Some 200 million
        735 words
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    • Article, Illustration
      2452 12 Bloomberg Business News Q Hang Seng -6119 SHARE prices closed off their lows yesterday as bargain hunting emerged in the afternoon, dealers said. The Hang Seng Index closed down 54.19 points at 9,858.65 on turnover of HK$3.OB billion. A dealer said: "The cash market was pulled down by the
      Bloomberg Business News; FRANCIS  -  2,452 words
    • Article, Illustration
      635 12 Reuter PI Shanghai B Share Intel *€J4 SHANGHAI B shares gained on Selective buying, but the market was still directiofcUpss with most investors sidelined. The B Share index rose 0.14 point to 49.13 on volume of 4.15 million shares worth US$l.33 million. A total of 29 counters wpre traded,
      Reuter  -  635 words
    • Article, Illustration
      1024 12 Bloomberg Business News Q Composite Index *237 INDONESIAN stocks went up for the first time in four days led by Telkom and Indosat, the market's two telephone companies, which rose on optimism of their profit outlooks. "Relative to their expected earnings outlooks, these two always look good," said a
      Bloomberg Business News; BCRUZ  -  1,024 words
    • Article, Illustration
      1191 12 Bloomberg Business News HSEThiat *7M STOCKS rose, led by telecommunication and finance indices. "Foreign investors bought finance and telecommunication stocks today because they are a good price and there's not likely to be any interest rate changes here," said an analyst. The SET Composite Index rose 7.69 points to
      Bloomberg Business News; ALLAN  -  1,191 words
    • KUALA LUMPUR STOCK MARKET
      • 7002 13 KUALA USKFURReports Bloomberg Business News n Composite Index -6.74 MALAYSIAN stocks fell, led by Gentlng and United Engineers (Malaysia), as investors decided a 2.2 per cent gain in the benchmark in the last three days wasn't justified by prospective earnings growth. "There's
        Bloomberg Business News; ALLAN  -  7,002 words
    • WARRANTS&OPTIONS
      • 3351 14 c. wt Lat Vol toy Last Ouota V M Avg **8* t— Mm CirnpMy UK *or- POOP) High Law 6«y«r Mw mi Prtea M 49 3000 mAM06c93******6 48*1 44.5 374 120 m 3001 AmcolW*****9 2*2 *1 4OT 283 260 2*1 262 276 15 46.3 m AmataatWOO SO I 1237 52
        3,351 words
      • 203 14  -  WARRANT WATCH By] R Sivanithy ONE's priorities when buying warrants must always be matched to one's risk tolerances. In a rising market, a high volatility share will generate high returns for its warrants and this should suit a risk-seek-er nicely.
        203 words
    • 1899 14 Of Or 19*9 Last VaO Day Last Ouota M« Ml YN M M Cap Hm> La» »tw Campany laH POOP) jj» Law fcgr M«f CV P/l jwlO 80 9000 AI SB 50c 429 CO -4 4)2 420 420 42* 10 11 OJ 010 4»J 127 70.3 a 5001
      1,899 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1872 15 tu—ova cooo) vaiuc rooo) im CM Tetal S= =51 "538 -sss SK 538 '2K SS- JSS £j JM MMWI 2,f(i LAn MW W MMif {Jn 3.M0 3,320 S?.. JUS .55S 4S5S JSS 18S ksmo ioun *wo» turn turn total a 3 V n 3 ftarn an* 2 i H 20
        1,872 words
      • 4288 15 Or Or M Wt IMS Laat VI Bay LMtOMt* W* ON VM No* Cap Avg Ml» L— am» Cimpwy SoM roow HM> t— rn*w SaBar Cw M S»8 Prtca IBRHHP r 210 17* 1290 AcarSOc ***** *2 93 193 186 10* 193 13.0 317.0 490 310* mt 1000
        4,288 words
      • 895 15 1998 l«t Otj Last Owta W» 0*» YT4 Nat Cap An HM» C— WW Cl—iay W» rOOOt MNfc L— If »—w Or Pfl %m* Prtca TftTfffl 322 40 2000 A8P Htdqs 9c 298 -2 2«0 Xi 2N 298 300 18.0 6 9 0.3 64 8 1318 303 280 SO
        895 words
      • Article, Illustration
        57 16  -  -m Shiv Taneja SESDAQ-LISTED Oiken Sakata Singapore rose on*andhalf cents to 62i/s cents yesterday on a volume 3.8 million shares more than 10 times Us Ibdsy at/erffcf. Dally RSI Is well past n. and Investors should consider selling now to buy back at 80 cents, where there is
        57 words
      • 905 16  -  STOCK MARKET COMMEKTAKY Despite the half-hearted rebound, dealers polled do not expect prices to retreat in next week's session By R Sivanithy [SINGAPORE] A late push by blue chips here and in Malaysia helped the Straits Times Industrials Index and Kuala Lumpur Composite
        905 words
      • ON THE GRAPEVINE
        • 130 16 AS SPP shares continue their roller-coaster ride, market observers are having second thoughts about the takeover theory. Some are querying if there is indeed a real deal in the making. Perhaps the activity was merely the product of speculative money. Now, if Tuan Sing were
          130 words
        • 101 16 WHEN investors' interest in unit trjttt* grows, does that mean equities are upwards or downwards? Some studies have suggested that unit trusts generally underperform in a major rally but have lower downside risk in a plunge. As such, investors in Hongkong would be pondering
          101 words
        • 154 16 DONT go to Switzerland justfcr Alpine skiing. Statistics compiled by a European financial institution show that Switzerland's currency (+11.4 per cent), money market (+16.2 per cent), bonds (+27.* per cent) and stocks (+31.6 per cent) gave n iT investors the best annual returns
          154 words
        • 115 16 OVER the past two days, we've seen a gj resurgence of speculative activity liners, mainly on the same old takester talk. Just like the situation a few maiitta ,Sy ago. when several other small compantaiSf were queried by the Stock Exchanged Singapore only to reply that
          115 words
  • Page 7 Advertisements
    • 40 7 I 1 C StrT*Ut> w I trH V v w i i i I Take a frttb mew l»»i at Habitat f»r the latest in fmrmitmr* and k»mt fmrmiikimgt. HABITAT. MARINA SQUAtI I*l-101. OAtfL li BOVLIVAtD. SINGAFOtt 1001. TOL *****00
      40 words

  • Page 8 Advertisements
    • 295 8 Guardian of Great V intages Guardian of Grot Vintage /KTFRANCE State the Ant in Wine QetlaM- Pt&ittije ■■888 p5 j^B bee is esl HBBI r." I* .■♦.J MANOIR COTTAGE ERMITAGE CASTEL CELLARS FOR THE HOME Manow 1 12 144 1455 mm 680 mm 670 mm Cottage 3 11 142/148 1455
      295 words




  • Page 12 Advertisements
    • 126 12 m\ J Start my m THEBtJSINESSTIMES The 1 Business Times j b zrrr w Address: Date Faster. Sharper. Deeper i Telephone No (H): (O): A bold new look and a fresh approach to the news and views. occupation: Tlx/Fax rie eM r .j_ I want to subscribe for months at
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  • Page 13 Advertisements
    • 27 13 t& M- f- ■■?< f '<&§&*' r ,r ■:t "i .v. Game over! What's next? Call Sports News *1~~ i': JL on 1900-912-0012, at 30 cents a minute. Jt > >
      27 words

  • Page 14 Advertisements
    • 112 14 Need cash for any worthwhile purpose? At Horig Leong Finance and Singapore Finance, we give you cash for your shares almost immediately. This is all you have to do: 1*?- \i>.? So, why keep your shares tucked away? Use V' y it for a million purposes. Call us today at
      112 words


  • Page 16 Advertisements
    • 328 16 B_|^y^NESSTIMES TOLL-FREE TEl^^f^oSTSl-tSS^^^X^^^^Q^ IN THE MATTER Of THE COMPANIES ACT, CAP. 60 ANO M THE MATTER Of NANHAI PLANTATIONS PTE LTD |ni Mvvnoiri voiufiury NOTICE OP RESOLUTIONS At an Extraordinary General Meeting of the mam bars of NANHAI PLANTATIONS PTE LTD duly convened and held st tha RagMared Office. 111
      328 words
    • 571 16 M THE MATTER Of THE COMPANIES ACT, CAP. SO M THE MATTER Of XYLENE PTE LTD (ta Maters' Votuntsry NOTICE IS HEREBY GIVEN that at ait Exfraordfcsry General Meeting of tie Company was convened and haw at 138 Cecil Straat #18-00 Cedl Court Singapor# *****8 on 15 December 1995 tha
      571 words
    • 91 16 Singapore Closing Share Prices 15/12/19 M CLOSE PREV LOW HIGH tiHi* uss uss uss uss mill## Jardine Matheson 6.50 6.60 6.50 6.65 ITBBIiI Jardln Strategic 2.89 2.87 2.86 2.00 L wMfi Da,r y Farm 0.805 0.815 0.80 0.81 Hongkong Land 1.80 1.83 1.80 1.86 ■Vl9Vf9af|ff| Mandarin Oriental 1.23 1.22 1.20
      91 words

  • EXECUTIVE Lifestyle
    • 1075 17  -  Christmas is a good time to show your valued business associates, clients or colleagues how much you appreciate them by picking those perfect presents that say it all'. W,B hb and susim tum ask some head honchos what they would like for Christmas, and also offer
      DESIGN: BCRUZ  -  1,075 words
    • STRAWS In The Wind
      • 48 17 SO YOU think there's no thought involved in putting on a pair of briefs? Well, printed on a box of underwear in a Bangkok shop were these instructions: 1) Recommend change daily. 2) Wear with opening in front. 3) Not recommended for wearing above waist line."
        48 words
      • 38 17 SEEN outside a hotel was this banner inviting diners to enjoy "whole carcass of US cornfed beef'. CarcassV Ugh. May- be the copywriter's been reading too many news reports about John Martin Scripps.
        38 words
      • 19 17 HOW's this for denseness. A waitress, when asked for iced water, replied: "Hot or cold?"
        19 words
      • 124 17 CHURCH is perhaps not the best place to be caught laughing out loud, but you might find yourself doing just that after reading some of these real life church announcements printed in the South China Morning Post: 1. Don't let worry kill you let the church
        124 words
    • CHRISTMAS GIFTS
      • 1251 18  -  THE UPTOWN FEMALE EXECUTIVE Apart from jewellery and chocolates, why net give her something with an angel motif on it or, better still, a handbag from Prada? By* Corinne Kerk Diamonds, it is said, are a girl's best friend. But unless you've had
        CHRIS LOH  -  1,251 words
      • 705 18  -  C)Q MAN Give him computer accessories, a good wine, a watch, and throw in that new Hugo Boss fragrance Byi Corinne Kerk UYS are terribly, terribly tough to buy gifts for and I usually end up getting them really mundane things like colognes of every
        CHRIS LOH  -  705 words
      • 393 18  -  EARTH SOUL Some tips on how to please your environmentally conscious friends at Christmas ffyi Corinne Kerk THE first word that comes to mind when thinking about gifts for the environmentally conscious among us is "recycled". But before you start gleefully dumping your old
        393 words
      • 525 19  -  THE FOODIES These people are the easiest to buy presents for and the choices are simply limitless By, Jaime Ee WHEN it comes to choosing a gift for a person who would prefer a good foie gras to the finest crystal vase anytime, the choices are
        525 words
      • 956 19  -  ■THE HOMEBODY Gifts for the house-proad are fraught with their own dangers. Buyers should do their homework before venturing into other people's space By\ Susan Tsang People who have their own homes would seem to be an easier lot to shop for at Christmas. Instead of
        DESIGN: BCRUZ; CHRIS LOH  -  956 words
      • 583 19  -  THE YOUNGER GENERATION Some tips on how to boy gifts for youngsters that won't leave them squirming with embarassment By i Corinne Kerk MANY people, when asked what would make good presents for kids, start asking themselves what they wished they
        CHRIS LOH  -  583 words
      • 905 24  -  Books make useful presents for the business or corporate Executives in your life. EtuaBMCHMM picks out some winning titles EILEEN CHAN Jesos,CEO By Laurie Beth Jones Hyperion 318 pages, 827.78 If ever there was an appropriate business-oriented book to give someone this Christmas, this must surely
        905 words
    • 502 20  -  TELEVISION Want to know about the nnts and bolts of newspaper and TV production? Then tnne in to Media Beat By\ Kevin Sullivan I'VE NEVER really understood the principles of internal combustion. I suspect my lamentable ignorance is shared by the majority of people who use cars, buses
      502 words
    • 654 20  -  CINEMA With The Santa Clause, Tim Allen seems all set for a movie career that will turn Jerry Seinfeld green with envy By Jaime Ee YES, Virginia. There IS a Santa Claus. And there always will be. He's an icon that will outlast the cynical
      654 words
    • 440 21  -  NIGHTSPOT Beaqjolais Wineb&r offers a refreshing alternative to the usual frenzied nightspots By Ang Wan May TUCKED away In a little street alley in the Duxton area is every wine lover's dream and Frenchman's hideaway. The Beaujolais Winebar at 1 Ann Siang Hill offers a
      ARTHUR LEE  -  440 words
    • Article, Illustration
      397 21  -  Compiled by Corinne Kerk THEATRE Master Harold And The Boys The powerful, fragmentary effects of racism and bigotry are spotlighted this week as the Singapore Repertory Theatre stages Athol Fugard's criti-cally-acclaimed play, Master Harold And The Boys. Fugard is one of South Africa's "activist" playwrights and his plays
      397 words
    • EPICURE
      • 923 22  -  If turkey's not your bird of preference for Christmas but you still want to prepare a memorable dinner, let Le Meridien Singapore's chef de cuisine paul then show you the way with these recipes specially developed for the occasion PAUL THEN Raw marinated irnlmtm in olive
        CHRIS LOH  -  923 words
      • 590 22  -  WINE CONNOISSEUR Concluding notes on the comparative tasting of 1989 and 1990 Bordeaux By N K Yong WHICH Bordeaux vintage is better 1989 or 1990? A unique opportunity for wine lovers in Singapore to make their own assessments was created by an extensive comparative tasting of
        590 words
    • Article, Illustration
      1166 23 Afbtfr Play. Dutch movie. A man is pathologically jealous. To save his marriage, he asks a golfer to seduce her. R(A). Golden: 11; 3; 5; 7. Bab*. A lonely little pig is adopted by sheepdogs and achieves shepherding greatness. Don't miss this one. Lido: 10.45; 1.15; 3.45; 6.30; 9.
      1,166 words
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  • Page 20 Advertisements
    • 877 20 nSdweiuci. UHHHMi I v/oi n I Ii B T /o'ld WHERE TO WINE, DINE AND ENTERTAIN womjaywoesT selling beer J ■■■■■■iHHi j n We've Stretched Our Serving Hours for T U N C H "Tunch" is the best for lunch and high tea rolled into one. Which means longer serving
      877 words
    • 166 20 ry= =r\s\ I fancy (Beijing? I Then, we're tUGgfutd to suggest the Tine Court for a memorable dining experience. Our tunch menu offers a variety of dian Kin "Beijing dumpings, a selection of m t set menus, and 'Beijing specialities ||mi/V such as 'Beijing taigd Tench and [gfnjn Marinated Lamb.
      166 words

  • Page 21 Advertisements
    • 709 21 Where to wine, dine and entertain Ami/ house g I 17th Dec 1995 I 3.00 pm 5.00 pm a A delicious spread of Christmas Goodies and Special Appearance by Santa Claus. Adult: $18.00+++ Child $16.00+++ a Make your reservations toaayt call 733 2081 ext. 468 Ai APOUO HOTEL SMGAPOfIC 406
      709 words
    • 56 21 itfgggjggir If it suiims, f\T uie have it If) t fit Seafood ft International, OFF um serve you 4v for Lunch <"fk+ the may you mant it to be. Weekend, A pubic holdays UaR-llum r k>«MWT» *e9tauAJWT "/F/rsMhtMHwerrr Seafood International Market ft Restaurant Pie Lid 902 Em Com hrtway. Bit
      56 words

  • Page 22 Advertisements
    • 8 22 it L a V v vr 5 X
      8 words
    • 111 22 THINKING OF HAVING SOME WINE THIS CHRISTMAS? TRY OUR SPECIAL SELECTIONS: The VINUM Christmas Selection $235 One bottle each of Charles Heidsieck Champagne, Chablis Blanchot 1991 Raveneau Ch. Bahans Haut Brion 1989. The VINUM New Year Selection $550 One bottle each of Krug 1985, Corton-Charlemagne 1992, Bonneau du Martray Ch.
      111 words

  • Page 23 Miscellaneous
    • 2030 23 TODAY'S TV Quibbling roth f f iT« u^ as l« pm^ us HI S2 r B, z r, •Ul« Home For The Holidays X3O The Flaming Mountain mmt M 2 torapan Malaysia, siblings and Leaving Las Vegas. (Beijing Opera, Pt 2). Lakukan Sendiri. SJS From North to South t MO
      2,030 words
    • 220 23 RADIO Sinatrai A Master At Work, moments from the entire BBC, Sunday, LlSam output of Bush House. Or Blue Eyes is 80 years old this month. As his Thtßi||hCßaro,lßO, controversial life story is Snaday, aiwym already well documented, this The tenor, once considered the S 1 'ocusMonthemusic wimp ofthe operatic
      220 words

  • Page 24 Advertisements
    • 101 24 b#S-f*YMsOvW(t bt-V)OV*L ItX/ktvujVlL... fkt Vt- ootowv CVVV^L rt-AMW k-eU? «vw -ex TVmiVewAfhy caU cvw <xt-)w, kc\s <7vrtevy j I I °Jll§ l J /I|psr VT KV-W32MN2I High Definition Trinitron Twin Picture 100/120 Hz Double >4CT 5 R.Chandran, Jasmin Samat Simon and Ruby Lim-Yang Mad* a first in Singapore professionally as
      101 words