The Business Times, 27 January 1996

Microfilm: NL20518
Total Pages: 30
1 30 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES MITA (P) 04tV 12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, JANUARY 27-28,1996 85c
    15 words
  • Article
    MARKET SUMMARY
    63 1 on I 2437.34 (+4.34) ■V BTOOMP U 2ML37 (+0.82) Qbt-mga 1M&B6 (+7.51) 9T0C1HA1XET INDICES Friday Change KL8E COUP 1061.40 -6,29 NIKKEI 2060.84 +248.16 HAN08ENQ *****.87 +8.79 SET INDEX 1378.15 -6.16 JAKARTA COUP—MUM +«7 MANILA COMP 280.71 -9.96 TAIPEI WPl 4936.09 -4J8 SEOUL COMP 867.38 -0.79 BOMBAY BSE*_.....xto«d.. CL8A
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  • Article
    FINANCE
    72 1 EXCHANGE HUB uss s$ US$— 1.419 I 1.505. JtlJg ON 9.671 0.951 ¥109 9.9S7 1.329 MS 0.390. 9.554 HKI 9.129.- 9.183 BAHT... .9.089. 9.066 WPiAH 199 9.044... 0.062 PUB BATES SINOAPORE* i 1.44 KUALA LUMPUR. 8.15 JAKARTA 17.50 MMKOK 13.75 MANILA 15.00 HONOKONG ..9.00 TAIPEI— .8.00 SYDNEY 10.75 TOKYO
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  • Article, Illustration
    Lock icon Malaysia's trade deficit soars 7-fold to M$9.8b
    438 1  -  Deficit over 10 months surpasses government projection of Ms9.6b for whole of 1995 From, Ho Kay Tat in Kuala Lumpur MALAYSIA ran up a whopping trade deficit of Ms9.B billion (555.42 billion) in the first 10 months of 1995, seven times the Msl.3
    ALLAN  -  438 words
  • Article
    Ringgit on agenda? Bank Negara to meet bank CEOs
    168 1 [KUALA LUMPUR] Malaysia's central bank, Bank Negara, has called a meeting with chief executives of financial institutions today, banking sources said. Bank Negara did not indicate the purpose of the meeting but the sources told BT they believed the recent speculative
    168 words
  • Article, Illustration
    Pernas management buyout cost hits M$1.14b
    530 1  -  Buyout vehicle PIHP topayMss46min cash and Ms6oom in new shares From Ho Kay Tat in Kuala Lumpur IN WHAT amounts to Malaysia's third largest privatisation, the management buyout (MBO) of state-owned Perbadanan Nasional Bhd (Pernas) has been effected at a cost of almost M
    530 words
  • Article
    Sin Heng Chan (M) negotiating reverse takeover, says KLSE
    456 1  -  New shareholder may be the Lan brothers of LeongHup Holdings By. Lee Han Shih, Diana Oon [SINGAPORE] Feedmiller Sin Heng Chan (Malaysia) is going through another ownership change, this time via a reverse takeover. Brokers said the new shareholder of the
    456 words
  • Article, Illustration
    Lock icon Telecom ends above strike price in heavy volume
    280 1  -  By< Genevieve Cua [SINGAPORE] Singapore Telecom shares yesterday gained another 8 cents to close at $3.66, surpassing its strike price of $3.60 for the first time in nearly two years. Volume was heavy, with roughly 5.62 million shares changing hands. The shares
    Source: Bloomberg; FRANCIS  -  280 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      168 1 IWHIItB Pipqflp c On Thai tees Thailand's golfing industry is on the upswing after hitting the rough in 1992. Membership, too, is now more accessible, ELI $40ttmakM*er The first major overhaul of Raffles City mall in 9 years will see leasable space rise 22% to 244,000 sq ft. Pg 2
      168 words
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      Page 1 Advertisements Column 2
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      80 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      $40m makeover for Raffles City mall
      558 2  -  first major overhaul in 9 years will see leasable space jnmp 22% to 244,000 sq ft By, Jenny Lam RAFFLES CITY Shopping Centre is undergoing a $40 million makeover its first comprehensive overhaul since opening nine years ago. When completed early next year, the
      558 words
    • Article
      S'pore, KL firms win Myanmar contracts
      194 2  -  »y Toh Han Shih SINGAPORE and Malaysian {pinpanies have finalised ipris in Myanmar worth millions of dollars at the Myanipar Business Conference held f&Vangon last month. •J4 *.*The conference organiser, JVilliam Tan, told BT of some deals finalised there. A Singapore company acquired a
      194 words
    • Article, Illustration
      Lock icon Batey Ads strikes CCA gold
      364 2  -  By Chan Siew Ling [SINGAPORE] Irony took centrestage at the local advertising industry's "Oscar awards" last night. The only agency that walked away with a gold award was none other than homegrown heavyweight Batey Ads which has traditionally boycotted the awards. Batey Ads struck gold
      CHRIS LOH  -  364 words
    • Article, Illustration
      Lock icon Patience pays for bake shop customers
      294 2  -  By. Arthur Lee [SINGAPORE] Why pay full price when you can get it for half the price with some patience. This queue formed at the Tanglin Bake Shop in Tanglin Mall a few minutes after 8.30 pm when it started selling bread and cakes
      ARTHUR LEE  -  294 words
    • Article
      Export growth slows to 13.8%
      319 2  -  By i Genevieve Cua EXPORTS of Singapore-made goods rose at a moderate pace of 13.8 per cent in real terms in December, after surging more than 25 per cent in November. Analysts welcomed the slower pace as a chance for the economy to take a
      319 words
    • Article
      EDB sets up Suzhou office to help township project
      342 3  -  Board likely to take 4-6% stake in S'pore consortium By Conrad Raj THE Economic Development Board, which is enhancing its role in the Singapore govern-ment-backed Suzhou Industrial Park by taking a substantial stake in the project, is also setting up a
      342 words
    • Article
      First Aussie reinsurer opens here
      219 3  -  By\ Soh Tiang Keng SYDNEY Reinsurance has become the first Australian reinsurer to set up shop in Singapore, with a branch at Clifford Centre in Raffles Place. The branch, the company's first in Asia, will oversee business in the Asean countries, Hongkong, China, Taiwan and
      219 words
    • Article
      Surf the Net for new markets
      171 3 LOOKING for investment opportunities in emerging markets? Try the internet. There is a new home page that will help hungry investors seek out new markets. Called IPAnet, it links investment promotion agencies (IPAs) worldwide and provides investment information on emerging markets. It contains global
      171 words
    • Article
      More analysts say listed firms fairly open about data
      354 3  -  Poll shows 82% feel firms here doing good or adequate job of disclosing info By Ven Sreenivasan SOME 82 per cent of investment analysts polled by Ogilvy and Mather Public Relations (Singapore) felt that listed companies in Singapore were doing a
      354 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      259 2 Naming Your By GOH KHENG YEW jhSKjl GOH KHENG CHUAN Published and distributed by Rank Books ISBN 981-00-7427-1 Price: 5519.00 The aim of this book'is to help parents devise a meaningful and elegant Chinese name for their children. It contains more than 350 commonly used Chinese characters for devising Chinese
      259 words
    • Advertisement
      Page 2 Advertisements Column 2
      197 2 B U s 1 N E s s TIMES TOLL-FREE TEL. No. 1-800-741-1883 FAX: 741-1298 IF SeniorF^Sale^^^ Smith Barney Inc., a major US brokerage and investment banking firm with over 28,000 employees and nearly 500 branch offices is looking for an experienced professional to join our expanding FX Sales Team
      197 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      321 2 THE WEATHER Singapore Showers over several areas in the afternoon and early evening. Temperature (23-32) HVln* Goad. Europe Hl/Lo' (ML ft Marina Hl/Lo* Oml Aurilud 24/17 (loudv Amsterdam 07/ US Rn itf.ni. mm u K* 53! Sr o-o p™"*™ S'l f®'" 7 Cwly Bail #7/81 Ran fhrajB> -ft-15 rioiadv (Vw<»>
      321 words
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  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      6 3 For nerve-racking Ghost Stories, y J
      6 words
    • Advertisement
      Page 3 Advertisements Column 2
      196 3 Island Resort Huadu City, Guangzhou China 'tC. BBlißiilSsßSaiiMll 1 Actual picture taken from site mt The Calm And Serenity Of A Sound Investment... The Assurance Of Singaporean Expertise. ~7 Located 15km away from the Guangzhou New *a ft J j(fH 10 mins from Huadu City which is Q nByUan strategically
      196 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        40 4 Those polled for their views on the Singapore stock market's outlook the week ahead are: Alliance, ING Baring, Fraser, GK Goh, Deutsche-Morgan, Nomura, Peregrine, Credit Lyonnais, SBC Warburg, Merrill Lynch, W1 Carr. Figures denote number of respondents
        40 words
      • Article
        Buy!
        410 4 Pan Pacific Asa: The stock's low PE of 13. lx is slated to get even lower if its proposed acquisition of a veneer/plywood plant at an attractive gross PE of 5.8x is approved by the Securities Commission. The current financial year is off to a better start with prices
        410 words
      • Article
        Hold
        162 4 Omkw Pacific Lt± We have lowered our forecast sales growth to 22-24 per cent for FY96-FY98 (from 23-25 per cent) and margins for Brands to 27.4-27.9 per cent (from 27.5-28.1 per cent) but the impact on EPS is not significant. Revised EPS for FY97 and FY98 are 42 cents
        162 words
      • Article, Illustration
        In My Opinion
        350 4  -  Seah Kiat Seng Principal Kflrgui Stanley Aset UTT7 E expect the Asian 1/1/ markets to revert f to their secular growth rate of around 20 per cent in US dollar terms in 1996 after two years of correction and below trend performance. While a moderate slowdown in
        350 words
    • Article, Illustration
      Bleak outlook for timber firms
      549 4  -  Raw material shortage, poor export growth likely to keep earnings at major Indon forestry companies depressed By I S N Vasuki [SINGAPORE] INDONESIAN forestry companies must be disappointed with the trade deregulation package that was announced by the trade and industry ministry yesterday. It appears
      549 words
    • Article
      Gold funds start year with a bang
      492 4  -  By\ Siow Li Sen [SINGAPORE] If you were an investor in the United Gold General Fund, you would be having that "warm fuzzy feeling" the fund's value has appreciated 20 per cent since the end of 1995. That's how Julian Baring, director of
      492 words
    • Article
      No re-rating yet for timber stocks
      557 4  -  By] Lee Yoke Har [SlNGAPOßE] A fistful of smaller timber stocks in Malaysia have recently had their prices pushed up beyond decent valuations, making value finders look ridiculous if they had not been in the party. Before you rush to pile up more timber
      557 words
    • Article
      Accumulate on any sign of stock market weakness
      598 4  -  BYE OX THE REGION: MALAYSIA ELSE seen getting support from foreign funds on downturn By. Martin French The writer is the managing director of Credit Lyonnais Securities (Malaysia). THERE is a crucial difference between the recent rally on the Kuala Lumpur Stock
      598 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at January 25,1995)
      630 4 Bank of CMm 25.000 249,999 6.6300 6-6900 ***** A$ 250.000 500.000 ***** 6.8100 6.6900 *3 000 49.999.99 ***** 6.6250 ***** 50,000 Above ***** ***** ***** SJvL' ,-a.oo T(wv 500.000 2.499,999 6.7500 7.0100 ***** 0n 25 4,999,999 ***** 7.1300 7J800
      630 words
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      527 5 Mizuno Wilson Taylor Made Buy a of Staff Midsize of between $1000 and IB IFI Made V 721 Integral RM Irons or U J \fl| Midsize Irons at $1431.70 and get products, get a Mizuno Japan) 1 a chance to buy a piece of Invex Metalwood (any Staff Umbrella FREE!
      527 words
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  • REGION
    • Article, Illustration
      Lock icon Indonesia unveils landmark trade reform package
      555 6  -  SINGAPORE Tariffs slashed, foreign companies can folly own export trading firms Reports by S N Vasuki INDONESIA yesterday unveiled a landmark trade deregulation package aimed at boosting the country's faltering export competitiveness. To achieve this objective, the newly created Trade Industry Ministry yesterday said
      AFP  -  555 words
    • Article
      Cautious welcome by analysts
      330 6 ANALYSTS reacted cautiously to the Indonesian trade deregulation package yesterday, but welcomed it as a step in the right direction. However, they emphasised that a clearer picture would only emerge after the government released more details of the package. Andrew Freris, chief regional economist of Salomon
      330 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1365 6 cmr FLIGHT ETA FLIGHT ETD AImMmM GA890 0045 HoCMMInh VN741 1310 VN740 1410 TTzrrr EK072 1710 S0174 1430 T"" 55 S0173 1920 EK073 2325 wr 0B0_ HongKong S0863 0040 UA806 0815 Amsterdam S0/DL25 0645 GA890 0045 UA805 0105 CX710 0840 KL837 1540 S0346 2330 S0001 1140
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    • Article
      Lock icon No US troop cut in the near future, says Ikeda
      202 6 TOKYO AFP JAPANESE Foreign Minister Yukihiko Ikeda yesterday ruled out cutting the number of US troops stationed in Japan in the near future as the security situation in Asia is unlikely to improve soon. "Both the United States and Japan
      AFP  -  202 words
    • Article, Illustration
      Lock icon First fall in consumer prices in 25 years
      247 6 TOKYO AFP JAPAN'S overall consumer prices In 1995 fell for the first time in 25 years, the Management and Coordination Agency said yesterday. Th agency said that overall consumer prices declined 0.1 per cent in the 12 months to December, the first
      AFP; Source: AFP; JEN CHUA  -  247 words
    • Article
      Lock icon Roll's top aide admits taking 50m won from Daewoo for favours
      253 6 SEOUL Daewoo chairman says it was a gift and not a bribe Reuter A TOP aide to South Korea's disgraced former president Roh Tae Woo told a Seoul court yesterday that he took tens of thousands of dollars from
      Reuter  -  253 words
    • Article
      Lock icon Anwar: keep property levy on foreigners
      147 6 ■PENANG Bernama STATE governments planning to relax the ruling on the imposition of a levy on property purchases by foreigners should reconsider their move, Deputy Prime Minister Anwar Ibrahim said yesterday. Relaxing the rule too much would not be in the interest of locals,
      Bernama  -  147 words
    • Article, Illustration
      Lock icon HK's 1st station in long march to reunification: Jiang
      392 6 BEIJING Preparatory panel told at its launch: after HK, Macau, and then Taiwan Reuter, AFP PRESIDENT Jiang Zemin yesterday hailed the establishment of the Preparatory Committee to reimpose Chinese sovereignty over Hongkong in 1997, welcoming it as a first station in
      Reuter,; AFP  -  392 words
    • NOTE Book
      • Article
        Lock icon Major food aid for N Korea ruled out
        52 6 Bernama [HONOLULU] South Korea, the US and Japan agreed yesterday they would not consider any large-scale government-level food assistance for North Korea. Delegations from the three countries agreed that North Korea's food shortage has been caused by structural problems, a South Korean
        Bernama  -  52 words
      • Article
        Lock icon HK tourist arrivals cross 10m
        40 6 Bernama-Xinhua {MADRID] The number of overseas tourists to Hongkong reached a new high of 10.1 million last year, an 8.5 per cent increase ova: 1984, according to the Hongkong Tourism Association office in Barcelona. Bernama-Xinhua
        Bernama-Xinhua  -  40 words
      • Article
        Lock icon China trade surplus may shrink: paper
        51 6 Bloomberg Business News [BEUING] China's trade surplus this year is likely to shrink to about US$5 billion (Ss7 billion) from USSI&9 billion in 1996, China Securities dally reported. It said the macro-economic environment will favour exports as inflation dips to 10 per cent.—Bloomberg Business
        Bloomberg Business News  -  51 words
      • Article
        Lock icon Damages for libeling president's son
        75 6 AFP (SEOUL] The Seoul district civil court yesterday slapped the independent Hankyoreh Daily with a record U*****,000 (*****,400) in damages for libelling one of President Kim Young Sam's sons, court officials said. The court also ordered the daily to print a front page correction ova*
        AFP  -  75 words
      • Article
        Lock icon China's tariff income a record high
        49 6 Reuter [BEIJING] China's income from tariffs was a record 66.87 billion yuan (S$U.9 billion) in 1996,123 per cent more than a year earlier, the China Daily said yesterday. Anti-smuggling work resulted in the recovery of 833 billion yuan in evaded tariffs, it said.—Reuter
        Reuter  -  49 words
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  • REGION/WORLD
    • Article, Illustration
      Lock icon Confusing claims over gunbattle off Luzon
      567 7 MANILA Navy says it was a Chinese ship, Bejpng issues cryptic comment, Manila suspects piracy Reuter THE Philippine armed forces said yesterday that one of its gunboats and a Chinese ship engaged in a 90-minute gunbattle on Monday off Luzon island and the Chinese
      Reuter  -  567 words
    • Article
      NY Fed downplays risk from emerging markets
      147 7 NEW YORK NEW York Federal Reserve Bank president William McDonough said he sees little chance of systemic risk to the world economy coming from the emerging markets due to their less-developed financial controls. "The majority of emerging markets the ones that are important
      147 words
    • Article
      Markets perk up as BOJ hints at recovery
      413 7 TOKYO Central bank sees higher corporate capital investment and low rates BUOYED by a report from the Bank of Japan suggesting that Japan's long-awaited economic recovery is becoming a reality, Tokyo financial markets ended the week on a sharply upbeat note yesterday.
      413 words
    • Article, Illustration
      Lock icon New Clinton-Republican deal averts federal shutdown
      275 7  -  WASHINGTON Accord allows government to stay open till Mar 15 Bt Leon Hadar PRESIDENT Bill Clinton and the Republican leaders in Congress reached a deal on Thursday to prevent another federal government shutdown, keeping the establishment going until Mar 15. Without a deal, the
      AFP,  -  275 words
    • Article, Illustration
      Lock icon Trying to break the ice
      39 7 [ROERMOND, The Netherlands] Dutch firemen using an axe to try andfree a grebe stuck in frozen waters on Thursday. Northern Europe has been hit by very cold weather in the past few days. REUTER
      REUTER  -  39 words
    • WORLD Watch
      • Article
        Lock icon British govt spent £220m to raise £4m
        76 7 AFP [LONDON] The British government spent nearly £220 million (***** million) on a privatisation that raised only £4 million, the Financial Times reported yesterday. The paper, quoting a report from the National Audit Office to be published later yesterday, calculated that fees paid
        AFP  -  76 words
      • Article
        Lock icon 39% Israelis support Palestinian state
        94 7 AFP [JERUSALEM] More than one third of Israelis support the creation ofa Palestinian state along their borders, according to a Gallup poll published yesterday. The poll indicated that 38.5 per cent of Israelis support the establishment of a Palestinian state, while 48.3 per cent are
        AFP  -  94 words
      • Article
        Lock icon Council of Europe admits Russia
        50 7 AFP [STRASBOURG] The Council of Europe voted on Thursday to admit Russia as a member, but attached several conditions designed to force Moscow to improve its human rights record. The vote by the council's Parliamentary Assembly was 164 in flavour, 35 against and 15 abstentions.
        AFP  -  50 words
      • Article, Illustration
        Lock icon Customers protest bank closures
        53 7 AFP [VELNIUS, Lithuania] Customers of the two biggest private banks in the country—the Litimpex and the Lithuanian Joint Stock Investment Bank—demonstra t ing on Thursday against a recent decree by the central bank closing down the banks. The two banks hold about 20 per cent of
        AFP  -  53 words
      • Article
        Lock icon US retail prices seen rising less than 3%
        49 7 Bloomberg Business News (RICHMOND, Virginia] US retail prices will rise less than 3 per cent in 1996, providing a "very favourable" environment for continued economic growth, J Alfred Broaddus Jr, the Richmond Federal Reserve Bank President, said on Thursday.—Bloomberg Business News
        Bloomberg Business News  -  49 words
    • Article
      Lock icon Hillary to testify before grand jury
      342 7 WASHINGTON Reuter US First Lady Hillary Clinton was expected to take the unprecedented step yesterday of testifying before a federal grand jury investigating possible criminal acts arising from the Whitewater affair. After receiving a subpoena from the Whitewater independent counsel over her newlyfound billing
      Reuter  -  342 words
    • Article
      Lock icon Russian reforms here to stay: Yeltsin
      477 7 MOSCOW Bnt he admits change in tack forced on him by political setback Reuter BORIS Yeltsin, trying to defuse alarm over his latest purge of top liberals, said on Thursday that maintaining political and economic reforms was "the most important thing" in his career
      Reuter  -  477 words
    • Article
      Lock icon Paris, Bonn may soon admit to later date for monetary union: paper
      343 7 LONDON Bloomberg Business News THE French and German governments will admit within weeks that European Monetary Union (EMU) may have to be postponed, according to senior UK ministers quoted by The Independent newspaper yesterday. The paper which does
      Bloomberg Business News  -  343 words
  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      35 7 DOOmrilßPßYift/ Gary Trudeau W"MI KB' WHY PO THAT'S AN W Y&, eVEZY f PATA WHICH 1 f Wf^f^OXPOPUU^^ 1 YOU AND ZONK \£ASYONB' I GIVEN GARDBN-FRBSH CONFIRMS THAT.. UJHATS M pnrjF W YOU GOTTA W
      35 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Lock icon Greenback rally will hurt S-EA equities: WI Carr
      403 8  -  But Singapore bourse could emerge as safe haven as other regional markets poll back, says strategist By Ven Sreenivasan A RISING greenback worldwide is going to hurt equity markets in South-east Asia, says WI Carr's Hongkongbased regional strategist, David Scott. Speaking on
      Source:; ALLAN  -  403 words
    • Article
      Lock icon MIH chairman, general manager resign
      493 8 Resignations come after Great Wall balloting fiasco in September last year MBT [KUALA LUMPUR] Malaysian Issuing House Sdn Bhd (MIH) chairman Malek Merican and general manager Fauziah Ibrahim have resigned, the company said yesterday. But it offered no reasons for the resignations, which have been
      MBT  -  493 words
    • Article, Illustration
      Reverse takeover will brighten Samanda's prospects
      652 8  -  BOCK LOCK SEW By William Chia IT IS not surprising that the market is reacting favourably to industrial products company Samanda Holdings Bhd's proposal to become a major property player. Clob-traded Samanda intends to do this by acquiring six property companies belonging to the
      652 words
    • Article
      Fels gets US$230m contract
      364 8  -  Rnmonrs company close to clinching deal to build vessel for Saga confirmed By. Rahita Elias [SINGAPORE] Rigbuilder Far East Levingston Shipbuilding (Fels) has bagged a US$23O million (***** million) contract to build an oil processing vessel as anticipated by the market. The company, a subsidiary of
      364 words
    • Article, Illustration
      Marks & Spencer plans to spread out
      264 8  - Marks Spencer plans to spread out By, Jenny Lam [SINGAPORE] Retailer Robinson Company is eyeing a bigger share of the retail market in Malaysia and Singapore for its Marks Spencer (M&S) stores. It will open two large stores in Kuala Lumpur within the next two months and plans are afoot
      264 words
    • Article
      Lock icon No bankrupt directors in KLSE listed firms, says official
      194 8 Bernama (KUALA LUMPUR] None of the 711 bankrupts identified as company directors are involved with public-listed companies, Registrar of Companies Ramly All said yesterday. He said the five public companies found to have bankrupts as directors were not listed on the
      Bernama  -  194 words
    • Article
      S'pore Tech to pay Micropolis US$47m for disk drive business
      277 8  -  By. Jennifer Lien [SINGAPORE] Singapore Technologies (ST) Pte Ltd will pay US-based Micropolis Corp US$47 million (Ss67 million) in cash and assume an unspecified sum of liability for Micropolis' disk drive business. Micropolis said yesterday that ST would pay an
      277 words
    • Article
      Auric Pacific unit and Shanghai firm strike deal for beverage venture
      267 8 [SINGAPORE] Auric Pacific subsidiary The Beverage Company of Asia has signed a joint-venture agreement with the Aquarius Corp of Shanghai to make and distribute non-alcoholic beverages in China. Listed Auric Pacific, formerly known as Goodman Fielder Asia, said the
      267 words
    • REGIONAL COMPANIES
      • Article, Illustration
        Lock icon Maybank posts 27% jump in interim net profit
        409 9  -  Higher loans growth significant contribution; better shewing from units except securities arm From Ruth Wong in Kuala Lumpur MALAYAN Banking Bhd group posted a strong 27 per cent rise in net profit to M 5469.69 million (Ss26o million) for the half year
        Source: Bloomberg; JEN CHUA  -  409 words
      • Article
        Lock icon China to float Shenzhen highways firm in HK
        186 9 Reuter [HONGKONG] China s Shenzhen Freeway Development is planning to float a company responsible for four highways on the Hongkong bourse in the second half of 1996, the South China Morning Post reported yesterday. The roads include the Shenzhen section of the
        Reuter  -  186 words
      • COMPANY Briefs
        • Article
          Kee Tee-Kwang appointed YHS director
          60 9 [SINGAPORE] Former commissioner of inland revenue Hsu Tee-Kwang has been appointed a non-executive director of Yeo Hiap Seng, effective yesterday The company said Dr Hsu did not own any YHS share* but is dawned to have an interest in 15,500 YHS(M) shares held by his
          60 words
        • Article
          CSA in Myanmar,Vietnam ventures
          44 9 [SINGAPORE} CSA Holdings has expanded its distribution business to Myanmar and Vietnam. It formed a joint venture called Myanmar Computer Systems Pte Ltd, to be based in Yangon> CSA has also opened a representative office in Ho Chin Minh City.
          44 words
        • Article
          Guthrie arm ups stake in another unit
          33 9 [SINGAPORE] Guthrie GT3 Ltd said yesterday that Guthrie Consumer, a 51 per cent owned subsidiary, has raised its stake inGuthrieC FPte Ltd to 70 per cent
          33 words
        • Article
          AKR posts 264% rise in 1Q net profit
          42 9 (SINGAPORE] WBL associate Advanced Logic Research kaspoetedaa64 per cent rise in first quarter net profit to U512.4 million (8|3.4 million). Revenue grew 25 per cent to 987.1 million in the period ended Dec 31.
          42 words
        • Article
          Courts to open Bedok branch
          34 9 (SINGAPORE) Courts said yesterday that it was leasing 16,163 sq ft of retail space st Block 215 Bedok North Street 1. The branch is expected to open around September.
          34 words
        • Article
          OUB unit forms HK stockbroking firm
          24 9 [SINGAPORE] Overseas Union Bank unit Securities Investments has formed a wholly-owned stockbroking subsidiary in Hongkong, OUB Securities (HK).
          24 words
        • Article
          UCI,IPC can't explain high volume
          32 9 (SINGAPORE] United Overseas Land and IPC Corp ysstsrday said they were not aware of any reasons for the high votnma of trading hi their sharse on Thursday.
          32 words
      • Article, Illustration
        Lock icon Yunnan's US$50m venture
        58 9 [KUNMING, China] US acetone recovery specialist Vic Baker training Chinese technician Li Haiyan in the control room of the Kunming Cellulose Fibret Co factory recently. Thefactory is a joint venture with Hoechst Celanese of the United States. The US$5O million (Ss7o million) venture is the largest foreign
        AFP  -  58 words
      • Article
        Lock icon New SET index seen to lift liquidity of some stocks
        313 9 Reuter [BANGKOK] The Thai stock exchange's plan to launch a 50share index in June will boost the liquidity of some major but inactive stocks and help fund managers track the fastgrowing market, analysts said yesterday. They said the new top-tier
        Reuter  -  313 words
      • Article
        Lock icon Hopewell busts budget on Thai road project
        114 9 Bloomberg Business News [HONGKONG] Hopewell Holdings Ltd, the Hongkong developer, has spent US$BOO million (Ssl.l billion) more than budgeted on a road and rail project in Thailand, the Chineselanguage Hongkong Economic Journal said yesterday, citing a report from DBS Securities, which cited an
        Bloomberg Business News  -  114 words
      • Article
        Lock icon Topgroup proposes private placement
        142 9 Bernama [KUALA LUMPUR] Topgroup Holdings Bhd has proposed a private placement of 3,999,000 new ordinary shares of MJI each or 10 per cent of its existing paid-up capital, it was announced yesterday. On the assumption that the issue price is Ms 9, the gross proceeds from
        Bernama  -  142 words
      • Article
        Lock icon Telekom to be replaced in Indon project
        441 9 Four overseas firms shortlisted for stake in GSM operator Reuter (JAKARTA) Indonesia has told the domestic members of one of five consortia operating telecommunications facilities to find a replacement for its foreign partner. Telekom Malaysia Bhd, an Indonesian Telkom official said. He said
        Reuter  -  441 words
      • Article
        CityDev unit seeks Manila govt incentives to refurbish hotels
        352 9  -  From, Al Labita in Manila A LISTED unit of Singapore's City Development Ltd (CDL) has sought government incentives in refurbishing its five-star hotel in time for the A pec summit in November. The request was contained in an application Grand Plaza
        352 words
      • Article
        Lock icon Celcom in merger talks: report
        111 9 Reuter [KUALA LUMPUR] Technology Resources Industries Bhd's cellular phone unit is discussing possible mergers with two other mobile phone operators, the Malaysian Business Times reported yesterday. Cellular Communications Network Sdn Bhd (Celcom) chairman Tajudin Ramli said the discussions would look into possible mergers between Celcom
        Reuter  -  111 words
    • INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon McDonald's profits up 17% to US$1.4b
        333 10 Fast-tod giant expects 19M to be even better thanks to global expansion Reuter [OAK BROOK, Illinois] McDonald's Corp on Thursday reported record fourth-quar-ter and full-year 1995 results and said it expects to perform even better this year as it steps up its global expansion.
        Reuter; Source: Bloomberg; ALLAN  -  333 words
      • Article
        Lock icon Boeing profits up 39%, helped by tax credits
        331 10 Higher 4Q earnings despite strike surprise analysts Bloomberg Business News [SEATTLE] Boeing Co said earnings rose 39 per cent in the fourth quarter, bolstered by tax credits and lower-than-expected research and development costs. Many analysts had expected earnings to suffer in the
        Bloomberg Business News  -  331 words
      • Article, Illustration
        Lock icon Star-studded function
        53 10 [LAS VEGAS] Fireworks explode above actors from Star Trek and executives from the Las Vegas Hilton during Wednesday's ground breaking of Star Trek: The Experience, a US$5O million (5570.9 million) Star Trek-themed attraction and casino. The cooperative venture between Paramount Parks and the Las Vegas Hilton opens early
        REUTER  -  53 words
      • Article
        Lock icon Dun & Bradstreet in the red in 4Q
        235 10 Dun Bradstreet in the red in 4Q Bloomberg Business News [WILTON, Connecticut] Dun Bradstreet Corp has reported a fourth-quarter loss, due to a US$44B million (***** million) charge for splitting the company up into three parts. The information services company posted a fourth-quar-ter loss of US$lO5.B million, or 62 cents
        Bloomberg Business News  -  235 words
      • Article
        Stanchart shares in play
        309 10  -  From, Neil Behrmann in London STANDARD Chartered shares have gyrated this week on unconfirmed speculation that it will be taken over. On Wednesday, the shares surged by 43.5 pence or 7 per cent to 662.5 pence on a turnover of 2.9 million shares. Yet, following a
        309 words
      • Article
        Lock icon Air NZ's Ansett bid unlikely to clear anti-trust hurdle
        182 10 Bloomberg Business News [WELLINGTON] New Zealand's anti-trust authority said it is unlikely to approve Air New Zealand's proposed purchase of a 25 per cent stake in airline Ansett Australia Holdings. "The proposal would give rise to a dominant position in domestic
        Bloomberg Business News  -  182 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        433 10 »wki fOy no wnn AimK i/cpftrcurt Jm|M E T Ofhftart nv/l S JS itonfstdt 27.01/1400 ROM* OWN JO atoa*Ma 27.01/1300 IN* Jay* 1 J4/5 27.01/1200 Matin lakm V* JM/17 diauMi 27.01/1000 MlrtHHiia 294 JQ iliipHi 27.01/2300 laclwaiaail R 1A/96 J3 ilii|«i 27.01/0000 SyaMfutri 01/05/* JO/9 daipHi 27.01/2300 (IT)
        433 words
      • Article
        CONTAINER SCHEDULES
        1273 10 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO BoofchiQ/MMC* ijt Is SWp ity ll> Ett/ltr Nrtod fr<ai T» Fr— *a*not oat nrm a ttmoo zi/bm zi/bm u arm rntm vnm i mmm vnm vnm 4 vnm vnm vnm A01MMM Mi MM M MM ZVMM MM mmm anm anm
        1,273 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Lock icon BofA moving strongly into consumer banking
        412 11  -  It is offering several new services like telebankingand fjyumring By i Conrad Raj [SINGAPORE] The Bank of America (BofA) will continue to push aggressively into consumer banking in Singapore with a slew of new services, including telebanking. This was disclosed by its Asian retail
        ARTHUR LEE  -  412 words
      • Article
        HK leads Asian loan demand
        345 11  -  By I Siow Li Sen [SINGAPORE] Asian demand for syndicated loans last year remained strong, up 12 per cent to US$B2 billion (Ssll6 billion), with the biggest increases coming from borrowers in Hongkong, Indonesia, India, Malaysia and South Korea. According to figures compiled by IFR
        345 words
      • Article, Illustration
        Lock icon Greenback's long-term bullish trend remains intact
        353 11 UB|/Dmc The greenback traded lower from Monday's high of 1.4880 to touch a low of 1.4710 on Tuesday. Thereafter, the unit recovered to a high of 1.4928 by Thursday. The greenback remained firm during trading yesterday morning, touching a high of 1.4940. The breach
        Source:  -  353 words
      • Article
        Lock icon Worst over for Mexican peso, but risks remain
        341 11 Currency holds np despite plunge in money market rates Reuter [MEXICO CITY] Mexico has weathered the worst of a yearlong run on its currency as shaken confidence has been restored, but the peso remains vulnerable, economists said on Thursday. "The gloom that
        Reuter  -  341 words
      • Article
        Lock icon BOE official calls for standard rules on settlement
        180 11 FT, AFP [LONDON] A leading international banking supervisor has called for regulators to establish minimum standards for national payment and settlement systems to prevent a catastrophic failure of the global financial system. Brian Quinn, executive director for banking supervision at the Bank
        FT,; AFP  -  180 words
      • Article
        Lock icon Internet safety questioned
        256 11 Transactions could be exposed to fraud and theft Bloomberg Business News [NEW YORK] Banking and securities tracing over the Internet, a growing area of interest for bankers and brokers nationwide, is a venture riddled with risks and uncertainties, top regulators said. "People really don't understand the risks
        Bloomberg Business News  -  256 words
      • Article
        Lock icon CURRENCY REPORT
        171 11 Reuter, AFP jfc THE dollar held steady around 1.4680 marks in thin trade, with the mark continuing to hold firm against the European currencies as con- f cerns over the move to monetary union resurfaced. Movements in the dollar have been driven by disap->>'<•• pointment at the currency's
        Reuter,; AFP  -  171 words
      • Article
        Lock icon Oil prices wobble on concern over Iraqi return
        317 11 ENERGY REPORT Reuter [LONDON] Sickly world oil prices came under pressure again yeste? day amid renewed concerns over the possible return of Iraqi crude to world markets after a five-year break. Traders said crude prices were likely to remain vulnerable ahead of
        Reuter  -  317 words
      • Article, Illustration
        Untitled
        1120 11 IMTBKBAMUCUMUDfCTEATM 'jtontM*' aptwtWO T*?, ewr»d* M Off* M Offer CwtmcIm Hi Offer Hi Offer >1^ FrwcfcOttK 27.6W7 *****1 1)332 5.1342**' Ia»/ doUan to on» w*it offOrtign currency: Mm»H| 0«hr 1034 R3S 7.7320 7.7338 AotfrtfM doSar 1.0469 L0404 0.7303 ***** MMr** 0.04* 0.06* 2J92J90 2.292.750 CMttaftfcr ***** ***** 1.3712 ***** Mill
        1,120 words
    • COMMODITIES & FUTURES
      • Article
        COMMODITY Reports
        864 12 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market closed four sen easier to M 515.85 yesterday, following a bearish trend on the overnight London Metal Exchange. At the opening level, bids amounted to 42 tonnes and offers were at 78 tonnes with support from European and
        864 words
      • Article
        Lock icon SIMEX Report
        912 12 Reuter [SINGAPORE] Simex Euroyen futures survived an afternoon session sell-off yesterday and ended higher in range trade, dealer said. Dealers said September Euroyen was sold down to 99.06 after the Nikkei 225 Average closed near its day's high up 249.15 points at 20,663.84 but that it bounced back
        Reuter  -  912 words
      • Knight-Ridder Commodity Summary
        • Article
          Coffee pact members stick it out
          116 12 [LONDON] The Association of Coffee Producing Countries (ACPC), which is meeting in London this week, re-affirmed its commitment to supply controls but stopped short of any more drastic measures to reverse the decline in international coffee prices. The modest recovery in prices for both
          116 words
        • Article
          Cuban delays add to sugar tightness
          115 12 [LONDON] Delays in Cuban sugar crop production have added to a tightness in prompt-shipment physical sugar supplies and helped underpin nearby futures prices in London and New York, traders said. Officials from Cubazucar told traders two weeks ago that the Jan-May main harvest was
          115 words
        • Article
          Brazil's soya bean output down
          109 12 [SAO PAULO] In the final analysis, a shortage of rain early in the growing season and a shortage of financing even before that will result in a lower Brazilian soya bean crop this year, despite a dramatic turnaround in production prospects this month. According to
          109 words
        • Article
          Taiwan firm buys US soya beans
          63 12 [TAIPEI] Taiwan's BSPA-Kaohslung group yesterday bought a 54,000-tonne cargo of US soya beans from Cargill, C&F, traders said. Cargill sold the entire cargo at 107.37 US cents per bushel over May futures on the Chicago Board of Trade Shipment are set for Feb 21-March
          63 words
        • Article
          Study group sees copper deficit
          60 12 [LONDON] The world copper market is estimated to have recorded a supply deficit 0f355,000 tonnes in the first 10 months of 1995, according to the December bulletin of the International Copper Study Group. Consumption in Jan-Oct is estimated to have totalled 9.85 million tonnes, compared
          60 words
    • Article
      COMMODITY PRICES
      1001 12 IBS M* tMM 2012s ***** 206.25 206S0 206.50 Ml* •51.00 Mi. 50 147.50 MTJ50 147.50 146.00 145.75 ICT(Sc«iti/lq MH U* 214.00 207.00 207.00 207.00 206.50 207.00 Low 150.50 147.50 146.75 145.25 145.25 ***** 143.50 1) Uv CtOM t«tt 213JO 213.50 209.00 208.50 206.50 206.50 ***** wtt 150.50 149.00
      1,001 words
    • Article
      REGIONAL STOCK MARKETS
      4788 13 P Tokyo ♦miS SHARE prices closed higher on the back of a rebound in futures prices in closing trading, brokers said. The Nikkei Average closed up 249.15 points at 20,663.84 after an intra-day low of 20,257. The Topix Index closed up 13.50 at 1,597.14, with the Nikkei
      4,788 words
    • Article
      WORLD STOCK MARKETS
      1680 13 f%hmkn -MIS SHARES closed flat after rallying late in the session on recovering bond markets and a strong opening on Wall Street. The FT-SE 100 was up 0.5 points at 3,734.7, compared with a day low of 3,714.5. Volume was 667.4 million shares traded in 32,926 contracts.
      1,680 words
    • Article, Illustration
      Lock icon HONGKONG
      2404 14 AFX-Asia HangSeng +&TO SHARE prices closed slightly higher on late European buying as the market showed signs of consolidation following its sharp gains on Thursday. The Hang Seng Index closed up 8.79 points at 11,111.87 off a low of 11,011.16 on a turnover of HK$7.l billion. Dealers said that
      AFX-Asia; ALLAN  -  2,404 words
    • Article, Illustration
      Lock icon CHINA
      583 14 Reuter n Shanghai B Share Index -OJ6 SHANGHAI B shares tumbled yesterday because of one major institution selling Refrigerator Compressor's shares, brokers said. The B Share Index closed down 0.65 point to 52.052 on volume of 5.7 million shares, worth US$2.3 million. "The heavy selling of Refrigerator greatly depressed
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  583 words
    • Article, Illustration
      Lock icon BANGKOK
      1224 14 Bloomberg Business News Q SET Index -SJL6 STOCKS fell, led by Bangkok Bank and Siam Cement, on concern that fourth-quarter profit reports will be disappointing, dealers said. "Construction sales were hampered by all the flooding," said an analyst. "The bank results we've seen so far have not been exciting."
      Bloomberg Business News; ALLAN  -  1,224 words
    • Article, Illustration
      Lock icon JAKARTA
      1034 14 Bloomberg Busi- Q Composite Index -3J7 STOCKS fell as foreign investors sold Hanjaya Mandala Sampoerna and Gudang Garam, makers of clove cigarettes, because they thought their prices had risen too high relative to their earnings outlooks. The Composite Index fell 3.27 points to 566.86. Sampoerna fell 550 rupiah to
      Bloomberg Busi-; BCRUZ  -  1,034 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Share prices fall as trade deficit widens
        7251 15 EUALA LUMPURReports Bloomberg Business News Q Composite Index -5^9 STOCKS fell after the government said the trade deficit grew in October, renewing investors' concerns that the central bank will raise interest rates again. The government said the deficit grew to Msl.6 billion (SsBB9
        Bloomberg Business News; ALLAN  -  7,251 words
    • WARRANTS & OPTIONS
      • Article
        Underlying shares hold the key
        3599 16  -  WARRANT WATCH By] R Sivanithy TIME and again, the Malaysian market serves up a lesson that what may be normal in other markets doesn't necessarily apply to it. Two months ago, we wrote about Industrial Oxygen's nil-paid rights to its warrant issue, which at the
        3,599 words
    • Article
      CLOB INTERNATIONAL
      2181 16 MALAYSIAN STOCKS SIKMn#-' Of Of 1995/96 Last Vol Day Last Ouata Mv Ot« VM MM M Cap H4pfc Law Stwa Coi—iwy lata COOP) HM» Law Buyar laOar Cw W %*m 620 IM 5000 AIS850C SOS MCK 1 US MS SM 5*5 10 49 02 B17 *000 tzr raj
      2,181 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1209 17 TUMOVCX COOO) VALUE OOOO) M«in q> rm Ma* tn» t atat MHlrW 71.019 64,045 137,044 231,122 m.273 142,399 Ftn«nc* 6,730 13,194 19,924 M,tM 21,947 90.343 Ho*th 4,990 797 5,677 13,400 1,320 14,921 PrapartlM 16,145 30.257 46,402 92.797 41,905 134,602 Plantation 3.027 3.027 9.142 9.V42 MMtf 2 630 2,930 <UM 11.269
        1,209 words
      • Article
        MAIN BOARD
        4543 17 Cr Or M Wt 1995/96 Last V« Day Lm« Quote Dlv Dlv YW Net Cap Avq Low «Mo Ci»»lky W COOO) High U» awyor »—«r CVr p/t $w Wei HWUSTMALS 214 176 1258 AcerSOc US196 -I 18 198 195 195 196 13.2 324.5 494 318* ml 1000 Acme
        4,543 words
      • Article
        SESDAQ
        937 17 Cf Cr M Wt •VM/M Lad Vat Day Last Ouatt Mv Mv YM Nat Ca» A v« La» Wla Ct Ma COOP) HI# Lao Bwyar Umm Car Ptt $mM Prtea 322 40 a 2000 ABRHMqiSc 234 -4 48 239 234 234 235 18.0 6.9 0.4 50.9 103.5 240 280
        937 words
      • Article
        Untitled
        219 18 TegiMsia 28,399,000 •KM Corp Wt 15,579,000 IPC Corp* 5c 12.001.000 •Me Bang Corp 8,788,000 kmc* 25c 7,899,000 •AmsteoiWt 8,042,000 *M0radf 50c 5,671.000 S Telecom 15c 5,825,000 •teas BM 5,530,000 Kris Hyd 50c 4,432,000 «*dB •fegi Msia 41.720,590 Sport land 35,558,090 Amcoi 25c 33,900,960 SJA Foreign 22,840,610 S Ttfecom 15c 20,421,340
        219 words
      • Article, Illustration
        Uncertainty over how to interpret KL's trade deficit
        653 18  -  nOOKMAUDT COMMENTARY The result? Stock prices move in topsy-turvy fashion with 177 gainers against 173 losers By R Sivanithy [SINGAPORE] Stock prices yesterday moved much in the same way they have for most of this week in topsy-turvy fashion with Malaysian second-liners
        653 words
      • Article, Illustration
        Lock icon HOT STOCK
        71 18  -  by Paul Leo JEN CHUA AZTECH System has been trading between 77.5 cents and $1.18 for the past one year and will continue doing so for a while. Relative Strength Indices are neutral and the daily Moving Average Covergence-Divergence Indicator is just oscillating around the zero level The
        JEN CHUA  -  71 words
      • ON THE GRAPEVINE
        • Article
          The ABCs of IPOs
          125 18 SO WHAT do you think participants of a seminar on the ABCsofa public listing are most eager to know? How to go about appointing a merchant banker? How to price one's issue? Or how to promote the BPO? Not at all. The question that got the
          125 words
        • Article
          On Kwek Land Bank and Ng Ten Fold
          197 18 A RECENT item we published recently on the mix-up in the names of a watch company prompted a reader to Cue us the following Action: "Last weekend, the three top property consultant firms, Jurong Loyang Watten, Ritchie Elliot and Katong Frankel organised
          197 words
        • Article
          Write and be damned
          101 18 SOME listed companies are real ingrates. You would think they will thank you for writing a bullish article about diem. But no. The chairman of a listed firm somewhere in this region (we being gracious aren't naming him in case he gets into trouble with the
          101 words
        • Article
          The showy speculator
          95 18 IT SEEMS that some stock market punters have taken to flaunting the products of their f speculative forays. One recently pointed to her recently acquired diamond bracelet and declared proudly that It was from punting on UPP shares. She then showed off her gold Rolex watch, saying
          95 words
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      93 13 ""QUICKEST a e ASIEST vi INFORAAATION SIMPLY DIAL 740-&000. SELECT 1 KEY IN THE CORRESPONDING DOCUMENT CODE OF THE COMPANY YOU ARE INTERESTED IN Singapore Telecom W&T DistriPark Times Conferences Thyssen Haniel Logistics Inmarsat Services Warehousing Logistics Services Singapore Maritime Week "96 Warehousing Logistics Services Document Code: 8001 Document Code:
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      Page 14 Advertisements Column 1
      41 14 Keep in touch with the Johnnie Walker Classic on _jji with hourly updates of scores, player profiles, course map yF news articles at http://www.asial .com.sg/golf 1[ dflV Golf enthusiasts, check out the BT Asian Golf Review at #jBF http://www.asial .com.sg/biztimes/golf mSm\
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      29 16 Jii^Kiibiiifli O.Y.L. Soles Service (S) Pte Ltd Tel: 250 2966 (Sales) 258 8698 (Service hotline) McQuoy Air Conditioning (S) Pte Ltd Tel: 356 6438 (Soles) 258 5165 (Service hotline)
      29 words
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      16 17 ->• v It O LE X ii y /m AT ROY EASTERN WATCH -j-% 7/ 1^—^1^———__,^_^________^^—___ f
      16 words
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      Page 17 Advertisements Column 2
      113 17 ARE THE BULLS BACK Find out by reading The Business Times. TheßusinissTtmes r— I Subscribe to The Business Times, the paper the market movers read. 12 months Business Times at S$ 2*5 JO. I Nome (Mr/Mrs/Ms/Or*): Ag* I Address I Telephone No (H): (O) I Occupation: TU/foaf Iwantto jubsatwtor months
      113 words
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      Page 18 Advertisements Column 1
      59 18 I fcfiATOUTl® I I I I /|V P.T. SEJAHTERAINDOCO I (Owner of Nusa Dua Beach Hotel, Bali) I OlMf I <r H*t*L? H BALI A I On tfte occasion of their I I Grand, Re-Opening I I 14 January 1996 I 1^ |fSv| SAJAHTERA INVESTMENTS (S) PTE LTD H *L
      59 words
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      Page 18 Advertisements Column 2
      892 18 Singapore Closing Share Prices 26/01/1996 CLOSE PREV LOW HIGH till## USS US$ uss uss Allßlr Jardine Matheson 8.40 8.45 8.30 8.45 Jardine Strategic 3.36 3.36 3.32 3.44 LXBBBr A Dair v Farvn 1-02 1.01 i.oi 1.02 WEMUk Hongkong Land 2.20 2.14 2.12 2.20 ■pnM Mandarin Oriental 1.20 1.30 1.28 1.31
      892 words
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  • ISEAS Trends
    • Article, Illustration
      Lock icon Forces shaping Sino-US ties
      1177 19  -  CHIIIA CONCENTRATES THE WORLD'S ATTENTION Rather than adroit diplomacy, a mixture of blunder and bluster is dictating the course of a troubled relationship. Huang Yasheng examines the issue Huang Yasheng Dr Huang Yasheng is Assistant Professor of Political Science, University of Michigan, and a Visiting Fellow
      REUTER  -  1,177 words
    • Article
      Easy rhetoric, sober reality
      851 19  -  Bejpng shows it recognises concerns about regional stability and about China itself By] BG (Ret) Soedibyo Brigadier-General (Ret) Soedibyo is a Senior Fellow at the Institute for Strategic Studies of Indonesia (ISSD. CHINA is not necessarily viewed as an imminent threat to regional security and stability.
      851 words
    • Article, Illustration
      Lock icon The authority of the centre
      1037 19  -  What is the extent of centrifugal forces in China? By I Sebastian Heilmann Dr Sebastian Heilmann is a Senior Researcher at the Institute of Asian Affairs, Hamburg, Germany. THE possibility of the Chinese state disintegrating has been much a discussed topic in recent years. In
      REUTER  -  1,037 words
    • Article, Illustration
      It's not about values, don't you know
      703 20  -  CXVXXi SOCIETY: EAST AND WEST Western and Asian differences are in the eye of the beholder By. Allan E Goodman Dr Allan E Goodman is Academic Dean at the School of Foreign Service, Georgetown University, USA. AN American travelling in Asia these days
      703 words
    • Article, Illustration
      Lock icon Turning today's workers into major 'stakeholders'
      1013 20  -  The globalisation of the market economy is forcing a rethink of industrial relations worldwide. Evelyn s Won* looks at the issue Evelyn S Wong Evelyn S Wong is Director, Singapore Institute of Labour Studies. IT may be ironical that the British Labour Party leader,
      JEROME MING  -  1,013 words
    • Article
      Conferring in Turin about South-east Asia
      233 20 THE Institute of Southeast Asian Studies, in collaboration with the Giovanni Agnelli Foundation of Italy, will be holding a two-day conference entitled' 'Trends in Southeast Asia" to be held in Turin, Italy, on Feb 26-27. This conference is designed to introduce trends in South-east
      233 words
    • Article
      Making many enemies both Right and Left
      878 20  -  BOOK REVIEW Enlightenment's wmkes politics and culture at the close of the modern age {By John Gray, London: Routledge, 1995,203page5) By, Amyn B Sajoo Dr Amyn B Sajoo was the 1993/94 Canada-Asean Fellow at ISEAS, where he authored Pluralism in "Old Societies and
      878 words
    • Article, Illustration
      Lock icon Burying old fears
      990 21  -  THE ATTBTRAUA-IMPOWBSIA BEOUKITV ftnBBRIHBMT Milton Osborne gives an Australian viewpoint on the new agreement Milton Osborne Dr Milton Osborne, a former senior Australian intelligence analyst, is now a freelance writer and consultant on Asian issues based in Sydney. ■■■OTHING gives greatpoint to the significance of the security
      REUTER  -  990 words
    • Article
      Strange neighbours
      979 21  -  rYom the Indonesian view, there are at least five points of long-term substantive interest in the agreement By< Ikrar Nosa Bhakti DrlkrarNusa Bhakti is a researcher at the Center for Political and Regional Studies, Indonesian Institute of Sciences, Jakarta. THE recent signing of the Agreement on Maintaining Security
      979 words
    • Article, Illustration
      Malaysia invests in its young people
      984 21  -  What is the rigrificanca of the new Education Bin? By Timothy N Harper Dr Timothy N Harper is a Fellow at Magdalene College, University of Cambridge THE Malaysian government, after months of speculation, has taken a "quantum leap" in education. A new Education Bill
      984 words
    • Article
      Tracking open regionalism in the Indian Ocean
      967 22  -  Prospects of mutual benefit bring countries in the region closer together economically. Btnimi o Asher examines the issue Mukul G Asher Dr Mukul G Asher is Associate Professor of Economics and Public Policy. National University of Singapore. THE past year has witnessed encouraging
      967 words
    • Article, Illustration
      India's nuclear option: the moment of truth
      1188 22  -  New Delhi faces dilemma in the approach to a global ban on nuclear weapons testing By\ Brahma Chellaney Dr Brahma Chellaney is Professor of Security Research at the New Delhi-based think-tank, the Centre for Policy Research (CPR). THE nuclear test ban currently under
      1,188 words
    • Article, Illustration
      Lock icon The problems of oceans governance in East Asia
      1215 22  -  Thmiaatuo»«f ■tfithw jribtemi that afflict tkercgta By Sam Bateman Commodore (Ret) Sam Bateman is Director of the Centre for Maritime Policy at the University of Wollongong, Australia. OCEANS governance, a term often used to describe the management of the world's oceans and
      AFP  -  1,215 words
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      241 20 Trends A Monthly publkatton ol the ImttoUe ol SouUwO Alton Studtw The Publication Editors-in-chief S. Rajaratnam ChanHengChee Editor Derek da Cunha Associate Editor P. Lim Pui Huen Assistant Editor Ronald Kow Business Manager Liak Teng Kiat International Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy
      241 words
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      197 21 PUBLISHED H f A ADJUSTING TOWARDS AFTA: ■AV The Dynamics of Trade in ASEAN Jayant Menon This study employs a new methodology to analyse the dynamics of trade in the ASEAN countries as they approach the deadline for AFTA, with a view to identifying likely adjustment costs associated with liberalizing
      197 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      The lure of Thai golf clubs
      1438 23  -  Thailand's golf industry is picking up after hitting the rough in 1992. Meanwhile, membership has become more accessible, alam botd reports ALAN BOYD ON the third weekend of every month, Shiggi Tanaka closes his office door in Osaka, loads up his golf sticks and
      1,438 words
    • STRAWS In The Wind
      • Article
        Compounded error
        84 23 WE really get some strange mail. Just the other day we received an envelope addressed to BT's editor, only it got his name wrong, calling him Patrick David instead of Patrick Daniel. Opening the envelope, the press release inside was addressed to "Miss Yasotha", our newsroom assistant. But
        84 words
      • Article
        Tongue twister
        73 23 EVERY time a new hotel opens, it wreaks havoc on taxi drivers who all too often struggle to get the name right. Just the other day someone in a cab heard the radio taxi operator calling for a taxi to pick up a passenger at "Rich Carton Meridien".
        73 words
      • Article
        Crass ads
        76 23 IT's one thing listening to DJs on the radio mangling their fake American accents, it's quite another having to suffer through some of the awful commercials that have been getting so much air-play lately. Like this one: Woman: blah blah blah (about the virtues of some cosmetic range)
        76 words
    • DIVERSIONS
      • Article, Illustration
        Lock icon Ernie leads the pack
        761 24  -  wt ww chan reports on the second day of the Johnnie Walker Classic EILEEN CHAN mm p Ernie Els could duplicate his previous day's score of 67, the heavens above could also duplicate Thursday's w downpour. Play was duly suspended at 4pm yesterday. Fortunately, the downpour
        PHOTOS BY JERRY SEH; LILLIAN FOO  -  761 words
      • Article, Illustration
        Lock icon Good food, good wines, big bucks
        1049 24  -  COLLECTING Here's how yon can beat the Dow J ones, have fan and give your palate a treat in the bargain w Tan Su Yen WHETHER it is a $27 bottle of New Zealand's Cloudy Bay Sauvignon Blanc or (5,500 for a 1895 Mouton
        CHRIS LOH  -  1,049 words
    • INTERIORS
      • Article, Illustration
        Lock icon A taste for designer kitchens
        1550 25  -  The business of creating beautiful kitchens is booming, reports kathleen BEum KATHLEEN HERZIG Donald Wong loves to cook. It's not something that men would admit to back in the dark days of male chauvinism, but nowadays, the ability to wield a wok is considered more
        CHRIS LOH  -  1,550 words
    • Article, Illustration
      Lock icon Asia's version of Hard Rock Cafe?
      503 26  -  NIGHTSPOT The Live House is a Canto-pop joint with pleasant surprises By A Surendren DEEP in the bowels of the Marina Mandarin Hotel is a Can-to-pop joint with style and substance. The Live House is one time capsule that will throw up many pleasant
      ARTHUR LEE  -  503 words
    • Article, Illustration
      A good blend of plot and style
      706 26  -  CINEMA Seven is not yonr predictable serial-killer movie. It's an unsettling movie where few of the usual roles apply By Shahiron Sahari A DESCENT into hell —that's how this movie has been described and rightfully, awftilly so. Seven, if you have not heard,
      706 words
    • Article
      Making mud and history entertaining
      577 27  -  TELEVISION David Attenborongh and John Romer's enthusiastic style of delivery make their programmes a joy to watch By Kevin Sullivan WILDLIFE on TV is big business. Godwits, monkeys and other weirdly watchable furry things are prime-time stars. Infra-red, remote-control robot cameras burrow into the lairs
      577 words
    • Article
      WHAT'S ON
      515 27  -  Compiled by Corinne Kerk lecture Rainbows and Silk A Kaleidoscope Of Chinese Costumes Did you know that the last ruler of the Xia Dynasty entertained his beautiful concubine with the sound of silk being shredded? How about the fact that the Tang Chinese led the world in daring
      515 words
    • EPICURE
      • Article, Illustration
        Lock icon Fine dining at a food court stall
        859 28  -  Cafe Des Amis has a fresh approach and even fresher oysters, oobimiie here reports CORINNE KERK PANCY plump, juicy oysters, baby king salmon and french wine—at no more than $8.90 per serving? Interested? Keen? Desperate? Then look for Cafe Des Amis. To find
        CHRIS LOH  -  859 words
      • Article, Illustration
        Food isn't the main attraction here
        720 28  -  RESTAURANTS There's little to draw yon to Peppers nnless you're a Beatles fan By Jaime Ee OK, trick question of the week: Which comes first, the gimmick or the food? There is a new place in town (is this a line from a Beatles'
        720 words
      • Article
        What's worth cellaring, what can't keep
        888 28  -  WINE CONNOISSEUR All S&nternes vintages before 1983 are now ready for drinking. So are 1969,1970 and 1971 Red Burgnndy N K Yong THE beginning of the year is a good time to take stock of the cellar and take note of what needs drinking
        888 words
      • Article
        Top French chef at Hilton's kitchen
        195 28 RESTAURANTS THE Hilton Hotel's Harbour Grill restaurant isn't usually open for lunch on Saturdays, but today it is, for good reason. Chef Marc Meneau, a three Michelin star chef who also holds a 19.5 rating out of 20 in the Gault Millau guide, is
        195 words
    • Article, Illustration
      CINEMA
      1017 29 A Month By The Lake. Vanessa Redgrave is a spirited, middleaged English woman who is drawn to Edward Fox himself distracted by Uma Thurman, a headstrong American student. Lido: 11.45pm. Jade: 12am. Babe. A lonely little pig is adopted by sheepdogs and achieves shepherding greatness. A real winner. Bugis:
      1,017 words
    • TRAVEL
      • Article, Illustration
        Lock icon Raw beauty and English charm
        1141 30  -  Where can you find the cleanest air and water in the world? In Tasmania, claim its 500,000 residents, mask graham checks out Australia's extra state MARK GRAHAM Tasmanians have reluctantly learned to live with being left off maps of Australia: their island state, tiicked off
        ALL PHOTOS BY MARK GRAHAM  -  1,141 words
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      Page 25 Advertisements Column 1
      51 25 I AMiurtl I I I P.T. SEJAHTERAINDOCO I I (Owner of NnsaDua Beach Hotel, Bali) I I Otm<l I H BALI jS I On the occasion of their I I Grand, Re-Opening I I 14 January 1996 I I lS BORNEO PROPERTIES SDN BHD I (Owner of Hyatt Regency Singapore)
      51 words
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      1012 26 OPENING PROMOTION! 50% off the original gourmet coffee price for all refills.* Only at ImMe Summtr Gat* Restaurant: JO Morfpt St. #01<O5 OoUUn Shoe Carpark (5)*****0. T*tS3&S6M txcrpt ttquor cofje* and mW{sfuiJ{ea miMBIHB Budweiser ■11 r» CT 11 11 Bfrl'MNJlolifJJJl where to wine, dine and entertain worlds selling beer gfc.
      1,012 words
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      Page 26 Advertisements Column 2
      124 26 FISH A SHELLFISH LUNCH BUFFET AT TOP OF THE M »V REVOLVING RESTAURANT for reservations piaa— coll Ml 6258/9 BB 333 Orchard Road Smjapore 23M&7 Ttl 737 44 j The ribs are good cheap t§ Man Kan Keng of The Sunday Times voted The Sixties Diner**** Talk about... Mi Good
      124 words
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      Page 27 Advertisements Column 1
      546 27 Where to wine, dine and entertain Unwind with golden juhbles at the I Hubert us Grill this Sunday with a free glass of Gold Sekt Champagne, containing rea 124 carat gold (lakes. The perfect compliment to 1 a Sunday Brunch, that even King Midas find hard to resist. A ANA
      546 words
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      Page 27 Advertisements Column 2
      202 27 International Hotel, Pi* l Hsiang with a decade of f banquet experience, takes pride in PMHHHIiH (fi providing you the most sumptuous J juy J' feast enhanced by an elegant Iri )Jf aCmos P here 311 urKler one roof. Choose from a AL\ 9-COURSE SET MENU J $288 per table
      202 words
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  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      2207 29 TODAY'S TV MflflMMUMiim wuuiiMft VMwn l UU 2 er,^^ utakhir ninnr r fMWMtt AMiunr" lc c M nn O2 Topik Semasa. ILO "2 10-00 Berita Stnicrcrlac nf a failed marriage. There, PA -j t io.oa Rice Mice. OlTUggieSOl she samples a whirlwind L .030 UsopSaMorlan. fl.n orphan affair with Ed
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