The Business Times, 17 February 1996

Total Pages: 24
1 24 The Business Times
  • 8 1 THE BUSINESS TIMES MITA (P) 04^12/95 85c SINGAPORE
    8 words
  • 57 1 D M63JB (+14.67) iroov mUB (+2.89) m iga Qu7BlM (-0.73) a SIW1MA1TFT Prttay Change KLSEOOMP 1000.06 +175 NIKKEI *****.77 40.12 HAMQ8EN0 U504.W +123.18 SET INDEX 1384.07 +120 JAKARTA COMP J06.SS +176 MANILA COUP *****4 -1.66 TAIPHWP1 CLOSED «00M> 878.01 +8.68 THEN—2409.06 4106 CL&A CHINA B 780.10 +17.10 BtBtALLOBD
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  • 66 1 Bourns 1MB U8I si tw 1.413 1 1.518 1171 DM 0681 0.982 IJ44 1JS6 0JM .0.554 HKt 0.125 .0.188 BAHT M« 0056 H7P1AH100 0.044 0.062 PUKE BATES SINGAPORE* 6.44 KPAULUWU1 .8.15 1MMW4 18.00 SSEu! MJ> HONGKONG 8.75 TAIPEI .8.00 SYDNEY.. 11.75 TOKYO 180 8H0UL- 12.00 HJHCIT* ***** nLW«PUST~* 5.00
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  • 400 1  -  Temasek,SSLand Sing Land also in residential project aronnd rail station Bya Abdul Hadhi [SINGAPORE] A prosperous Chinese new year arrived a few days early for Wing Tai as a consortium it leads clinched the development rights to a massive residential project around the
    JIM MCMANUS AND JEN CHUA  -  400 words
  • 551 1  -  By William Chia [SINGAPORE] Malaysian Prime Minister Mahathir Mohamad has dismissed a news report that state-owned steelmaker Perwaja Trengganu Sdn Bhd is insolvent and in need of an urgent cash injection to pay off its creditors. His comments were in response to a report
    551 words
  • 278 1  -  Executive chairman and wife in midst of divorce proceedings From Ho Kay Tat in Kuala Lumpur RENONG Bhd has called for an extraordinary general meeting to remove Norani Zolkiffli wife of executive chairman Halim Saad as a director of the company. The couple are
    278 words
  • 552 1  -  Board, numusinrat fhiwgM by SokamtoSia being disputed Byi Conrad Raj [SINGAPORE] The tussle for control of Sum Cheong International, the Hongkong-listed, Singapore-based construction company, is far from over. The board and management changes initiated by Sukamto Sia, the Indonesianborn businessman who wrested control
    552 words
  • Page 1 Advertisements
    • 147 1 PHBPB Is. tr M Jim dark, chairman of Netscape Communications and die Internet's first billionaire, talks candidly about the experiences that have shaped his philosophy, EL2 nVIVAIOB WyT.IH— caagak. a mild piece of good news for the market to, chew op just mien interest seems to be frm nlng to
      147 words
    • 9 1 KLBE wm§mmim Renong trading for a day, Pg 7
      9 words
    • 287 1 BT will be published on Monday but not Tuesday. Normal publication resumes on Wednesday. InßTonMondajr One of Wall Street's biggest and most colourful money managers, Barton Biggs of Morgan Stanley, explains why investment management is "the greatest game in the world." Our market commentator R Sivanithy tnlron a of likely
      287 words
    • 26 1 1 >flK^ JK j TBKi Beaotiftd bat too bounti&il [SINGAPORE] It's second time lucky for hamper suppliers but not the florists this Chinese New Year, Pg2
      26 words

  • SINGAPORE AT HOME & ABROAD
    • 476 2  -  Increase to 1,250 ha by the year 2010 will come partly from liiwi i-Hanmtfon done In three phases By. Diana Oon THE government will more than double industrial land in Tuas by the year 2010, with a large part of the increase coming
      476 words
    • 207 2 THE son of UOB chairman Wee Cho Yaw has bought a plot of bungalow land in Tudor Close for $31 million. Knight Frank, which closed the deal, said the price pegged the 46,721 sq ft parcel at $664 per sq ft At $31
      207 words
    • 377 2  -  SiiM-S'ptre venture to bring investment uptoUSs3oom By Teh Hooi Ling THE Sino-Singapore developer of the Singapore Suzhou Industrial Park (SIP) has doubled its total investment amount in the project to US$3OO million (***** million) from US$l5O million. "The additional investment amount wtt help us move
      377 words
    • 170 2 MALAYSIA'S biggest cooperative body, Koperasi Usaha Bersatu (KUB), has joined hands with the Association of Muslim Professionals (AMP) here in setting up a trading house. Formed through KUB's economic arm KUB Holdings (KUBH) and AMP-ltnked Am- pro Holdings, the joint venture, called Kubaki,
      170 words
    • 139 2 SINGAPORE should tap the expertise of China and Indiabased scientists and engineers for offshore research and development (R&D) work, says a report by DBS Bank. It will be more expensive to bring the scientists to Singapore than to let them work from their
      139 words
    • 192 2 The OCBC Group has confirmed a BT report that ABN Amro is to lease OCBC Centre East. In a statement yesterday, OCBC said Dutch bank ABN Amro proposed to lease the entire building for an initial term of six years, with options
      192 words
    • 111 2 BP Singapore has appointed Struan Robertson as the new chief executive of BP Oil South and East Asia and associate president of BP Singapore, effective from January, the company said yesterday. He is also a member of BP Oil's executive committee. As associate president, he
      111 words
    • 322 2  -  By Siow Li Sen JOjPRISTS and plant nurseries face an apparent lack of interest in their blooms in the run-up to the festive holidays, while hamper suppliers appear to be swamped by unexpected demand. Optimistic plant vendors had expected business to jump an average of
      CHRIS LOH  -  322 words
  • Page 2 Advertisements
    • 40 2 Best wishes to all our valued customers, associates and friends. In celebration, we're closed from 17 to 21 February '96. We open for business on 22 February '96. [TO Malayan Motors 46 Lang Km RoaS, Singapore 1*9103.1 M: 473 77W
      40 words
  • Page 2 Miscellaneous
    • 354 2 CRYPTIC CROSSWORD 1 It's not the current issue that 11 Note to change flag (6) sharp rises (7) IUI Mf 15 Uncertain range of French explosive projectile (7) eyesore (4) "■■J jj^ 221 am included in exchanges 28 England invader lacked an ""lJ" 1||^ 29 One is apart, a result
      354 words

  • Page 3 Advertisements
    • 50 3 r i liinfV'' b iSct 9 i~ a '^b I ay e JBunar DCew ~year in an abundance of weaft/i ancf happiness for t/ie country ancf {Jie peopfe W' j twiwayiiiiiif! -^b »-".»>•■ v i}- -'*-*Hs<s^^^^r <'-'"-v t* j x iT' p ■< ••?> ~j- ■i.s^S"* '.■i^H^p HbH j i;
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'SEYE
      • 683 4 Those polled for their views on the Singapore stock market's outlook the week ahead are: Alliance, Baring, GK Goh, Deutsche-Mor-gan, OCBC Securities, Phillip, SBC Warburg, Merrill Lynch. Boy! StMMTi Haritiaac It will undertake the installation, supervision, testing and commissioning of the mobile telecommunications system for Mobile One.
        683 words
      • Article, Illustration
        344 4  -  Mg Bak Eng um HE Fed's decision to I ease (interest rates) X was well founded after a week of awful data. The combination of a 12-point fall in consumer confidence, a decline in the NAPM (National Association of Purchasing Management index) to near recessionary reading, and
        344 words
    • 1216 4  -  Withdrawal of SP float may encourage more firms to go ahead with IPO plans By Ven Sreenivasan (SINGAPORE] WILL the shelving of Singapore Power (SP) flotation mean investors are in for another year of unexciting initial public offerings? The answer depends on who one talks
      1,216 words
    • 531 4  -  BTB oar THB REGION: THAILAND From. Alan Boyd in Bangkok THE telecommunications sector is likely to get close attention fi*om Thai investors in coming weeks, as company profits rebound from a generally poor fourth quarter. Strong demand for val-ue-added services will push up industry earnings by
      Source:; BCRUZ  -  531 words
    • 263 4  -  Year's high of 2,689 seen at end-Dec by forecasters Byi Anna Teo [SINGAPORE] Will it be because of a sustained Chinese New Year rally or in reaction to (anticipated) Budget Day fiscal goodies, or both? The Straits Times Industrials Index was supposed to
      Source:  -  263 words
    • 300 4 Here's superior growth potential in these stocks, it sajs [SINGAPORE] THIS is an excellent time to buy emerging market stocks, according to US investment house Smith Barney which said valuation, growth and risk fundamentals favour stocks. Emerging markets should also get an additional boost
      300 words
  • Page 4 Advertisements

  • REGION
    • 450 5 WASHINGTON He says the outdated Chinese navy cannot lead a strong amphibious assault AFP Reuter THE United States' top military official, John Shalikashvili, said on Thursday that a Chinese invasion of Taiwan would be doomed to failure even without US intervention. China
      AFP; Reuter  -  450 words
    • 363 5 TAIPEI AFP Reuter TAIWAN has simulated counter-attacks against possible invasion by China as the mainland masses troops along its Fujian province coast opposite the nationalist island, high-ranking military officers said. If Beijing should convert an exercise into an invasion, Taiwan would mobilise
      AFP; Reuter  -  363 words
    • 304 5 BEIJING Bloomberg Business News THE share of contracted investment by Hongkong and Taiwan, the two main providers of overseas capital in China, fell in the first nine months of 1995, Chinese government figures show. Mainland government controls on real estate spending and tension
      Bloomberg Business News  -  304 words
    • NOTEBook
      • 77 5 AFP [KUALA LUMPURJ Malaysia's consumer price index (CPI) rose 3.4 per cent year-on-year in January, a government Statistics Department report said yesterday. The increase was mainly due to higher prices for fbod and rent, fUel and power which accounted fbr 66.9 per cent of
        AFP  -  77 words
      • 56 5 AFP (KUALA LUMPUR} Malaysian Prime Minister Mahathir Mohamad points at a photograph showing two Bosnian Muslims praying for a family member killed in the Bosnian conflict after the launch of a photo exhibition here yesterday. Dr Mahathir said Western powers should stand firm
        AFP  -  56 words
      • 52 5 AFP [MANILA] The threat of political instability is the Philippines' "biggest enemy", President Fidel Ramos said yesterday, citing recent grenade attacks in the capital's financial district A resurgence in political instability could threaten the country's recovering economy, he said in a live interview over radio
        AFP  -  52 words
      • 67 5 AFP [KUALA LUMPUR] Malaysia Is ready to study the possibility of further amending the Federal Constitution on the right to sue members of the royal families, Prime Minister Mahathir Mohamad said yesterday, commenting on the Special Court's recent decision barring foreigners from suing
        AFP  -  67 words
    • 384 5 KUALA LUMPUR Agents Johor, KL, inA Pflnnng especially affected The Straits Times SINGAPOREANS' interest in the Malaysian property market has fallen sharply since a Msloo,ooo (5555.400) levy was imposed on foreign purchases of properties worth more than M 5250,000, said property consultants and researchers
      The Straits Times  -  384 words
    • 64 5 [BANGKOK] A student pets three-year-old elephant Toto while his mahout holds his ear to control him. According to an animal rights group, elephants banished prom Bangkok will die of starvation unless authorities find shelterfor them since most of their original habitats have been destroyed. The animals and
      AFP  -  64 words
    • 230 5  -  SINGAPORE By S N Vasuki TOBACCO tycoon Putera Sampoerna heads the list of Indonesia's top 200 taxpayers, a ranking that also includes some of the country's richest businessmen like Sudono Salim, Prajogo Pangestu and three of President Suharto's children. The annual ranking was released
      230 words
    • 231 5 KUALA LUMPUR Developer says it will meet higher authorities soon NST MBT MIMALAND Bhd, the developer of Mimaland Golf Resort, will be taken to court for causing siltation and polluting the Gombak River. The Selangor Department of Environment (DOE) filed the charge at the Shah Alam
      NST; MBT  -  231 words
    • 1357 5 an fusMT m maw n» mtmmm sorn mo vim ovts Ma Hull CA690 0045 Ho CM Mlnli VH741 1310 VW740 1410 MMfl yp wfl EK072 1710 SOI74 M30 m agP S0173 1920 EK073 2325 my W* Horn Kong S0863 0040 UA806 0815 Amtariaa SQ/M25 0645 6A890
      1,357 words

  • REGION/WORLD
    • 439 6  -  WASHINGTON Point made at debate before Republican presidential primary By] Leon Hadar US trade policies towards Asia and Latin America and the World Trade Organisation (WTO) dominated the 90-min-ute debate between the Republican presidential candidates in New Hampshire on Thursday, five
      Source:  -  439 words
    • 383 6 BEIJING Lunch pad not damaged Irat two launches postponed AFP CHINA has suspended all satellite launches after a Long March 3B rocket carrying a US satellite exploded, killing four people, a spokesman for the China Aerospace Corp (CASC) said yesterday. The spokesman
      AFP  -  383 words
    • 340 6 NEW YORK Reuter US President Bill Clinton suggested on Thursday night that the Federal Reserve should consider letting the nation's economy grow at a faster rate and complained that "outrageous" political pressure blocked his choice for Fed vice-chairman. Mr Clinton, speaking
      Reuter  -  340 words
    • 283 6 DHAKA AFP PRIME Minister Khaleda Zia headed for a landslide win in the Bangladesh general election, with her party taking 129 of the 130 seats declared, election officials said yesterday. Home ministry officials, monitoring police reports, said the death toll from
      AFP  -  283 words
    • 201 6 LONDON AFP THE opposition intensified pressure yesterday for the heads of two government ministers after an independent inquiry appeared to implicate them in a cover-up of illegal arms sales to Iraq in the 1980s. In an unusual show of unity, the Labour and LiberalDemocrat
      AFP  -  201 words
    • 772 6  -  LBTTHE FROM MEW DELHI Coming elections likely to result In a hnng parliament By Prem Shankar Jha WITH only two months left before the next elections, the curtain is coming down on what must, by any yardstick, be the most momentous five
      772 words
    • 207 6 CHIANG RAI Bernama MALAYSIA strongly opposes any move at the Asia Europe meeting of leaders (Asem) in Bangkok next month to set up a time frame for market opening measures, similar to the one adopted by the Asia Pacific Economic Cooperation (Apec) forum. The
      Bernama  -  207 words
    • WORLDWatch
      • 33 6 Reuter (OSLO] President Bffl Clinton and hi* tough-talking nftgnrtatnr Richard HolbTQ*** ammig more than 100 candidates for this year's Nobel Peace Prtaa, Norway's national news agency NTB said.—Renter
        Reuter  -  33 words
      • 55 6 Reuter [UNION CITY, New Jersey} President BUI Clinton has proposed the creation of a US$2 billion (512.8 billion) to help brtng computer technology into all US classrooms "Wi have an obligation to main sore that all of our children have access to the finest education
        Reuter  -  55 words
      • 45 6 AFP [MOSCOW] A poll published yesterday the day after Borii Yeltsin declared he would run for re-election as president showed him running a distant seventh in a field of nine politicians. Only 9 per cent poßed picked him —AFP
        AFP  -  45 words
      • 41 6 Bloomberg Business News [OTTAWA] Prime Minister Jean Chretien grappled with a man at a televised rally, seizing the man by die jaw as he tried to break free from an angry crowd on Wednesday. Bioomberg Business News
        Bloomberg Business News  -  41 words
  • Page 6 Miscellaneous
    • 117 6 POONESBURY GARRY TRUDEAU s certainly shall "l Wit it's fTENM/Nt/7H5\ INNGGOTI%So J| ow tIP not 1 This is a high- I trash you're ATKJNS.H&S true identity s 2y respected news I try some other shop! I ARE-CUB.? COMING/N llf' organization we I Our integrity is not I —y- AUTOS J
      117 words

  • COMPANIES & MARKETS
    • 262 7  -  CORPORATE RESULTS But revenues have improved tifllly ginrn the start of the year, says the company By] R Sivanithy [SINGAPORE] Listed brokerage G K Goh yesterday reported a 44.9 per cent slump in interim net earnings for the six months ended
      Source: Bloomberg; ALLAN  -  262 words
    • 79 7 Reuter [KUALA LUMPUR] Publishing group Utusan Melayu (Malaysia) Bhd said the profit drop in calendar 1995 was mainly due to a "significant" rise in newsprint costs which eroded profit margins. For 1996, the high newsprint price is expected to be maintained at current levels, it
      Reuter  -  79 words
    • 248 7  -  By] David Mok [SINGAPORE] Mainboardlisted Eltech Electronics sank further into the red, reporting yesterday a net loss of $9.94 million for the 12 months to Dec 31,1995. For the previous financial year, the company had posted a net
      248 words
    • 197 7  -  By I Choang Peck Ming [SINGAPORE] Econ International has gone into an expansionary mode. In three separate statements yesterday, the construction and property group announced it has raised its stake in Micro Union Industries, set up a new subsidiary and formed a Joint venture. Econ
      197 words
    • 744 7  -  HOCK LOGS SBW By Ven Sreenivasan IT must come as some relief to many analysts that, after climbing to record levels in recent weeks, property counters consolidated somewhat this week. But the breather may prove short-lived. Judging by the looks of
      744 words
    • 221 7 Bloomberg Business News [KUALA LUMPUR] Shares in Nauticalink Bhd fell as much as 9 per cent after Malaysia's Securities Commission reprimanded the company. However, the shares recovered to close 20 sen higher at M 512.30. The Securities Commission said
      Bloomberg Business News; Source: Bloomberg; ALLAN  -  221 words
    • 201 7 [SINGAPORE] UOB Asset Management has raised $40 million from its ninth unit trust, the United Apec Equity Fund. Launched on Nov 16, the fund invests in the Apec (AsiaPacific Economic Cooperation) countries. At 'Hie launch, Daniel Chan, UOBAM's managing director, told BT that
      201 words
    • 344 7 Ship-repairing will contribute less than hall, say analysts Reuter [SINGAPORE] Business conglomerate Keppel Corp Ltd is likely to announce higher 1995 net profit next month, but less than half will come from its original business of ship-re-pairing, analysts said yesterday. They
      Reuter  -  344 words
    • 478 7 Move to allow news of Ms4B3m land sale to be disseminated Bloomberg Business News [KUALA LUMPUR] The Kuala Lumpur Stock Exchange suspended trading in Renong Bhd shares yesterday after the company said it reached an agreement to sell a parcel of land
      Bloomberg Business News  -  478 words
    • 237 7 [SINGAPORE] Lum Ghang Holdings and Ecics Property have agreed to revise their investment in LC Hotels downwards by 6.8 per cent to $126.9 million from $136.1 million, as agreed earlier. Last September, Lum Chang announced an internal restructure of its
      237 words
    • 90 7 Bernama [KUALA LUMPUR] The Securities Commission has approved Datuk Keramat Holdings Bhd's proposed sale of 201.168 million shares or 60.35 per cent equity in United Malayan Banking Corporation Bhd (UMBC) for Msl.3 billion (Ss72o million). Conditions for the approval include the sale proceeds being
      Bernama  -  90 words
    • COMPANIES
      • 286 8 Developer to use proceeds from HKsllb sale to pay off debts Bloomberg Business News Reuter [HONGKONG] Hopewell Holdings managing director Gordon Wu told fund managers on Thursday that the company would sell 44 per cent of its Consolidated Real Estate and Transportation
        Bloomberg Business News; Reuter; Source: Bloomberg; ALLAN  -  286 words
      • 333 8 Bloomberg Business News [BANGKOK] The Thai government will buy some of the new shares that Bangkok Bank of Commerce pic plans to sell to boost its capital reserves, a senior executive said. "Any increase in capital must first give the
        Bloomberg Business News  -  333 words
      • 322 8 Bloomberg Business News [LONDON] Lloyds TSB Group pic, Britain's largest domestic bank, said its 1995 pretax profit fell 7.9 per cent because of a reorganisation charge for its merger late last year. Profit before tax and excluding the £425 million
        Bloomberg Business News  -  322 words
      • 119 8 NST [KUALA LUMPUR) Genting Bhd has taken up a 45 per cent participating interest in an oil and gas exploration concession in Indonesia with British Gas Exploration and Production Ltd. Its subsidiary, Cairns Ltd, took up the concession on Wednesday, it said in a
        NST  -  119 words
      • 40 8 [MUNICH] Manfred Bischof chairman of the board of the German Dasa, the aeronautics branch of Daimler-Benz, announced at the company's press conference on Thursday a record loss of some 4.3 billion Deutschemarks (Ss4.l billion). AFP
        AFP  -  40 words
      • 359 8 Firm's founder seeking to save it from bankruptcy Bloomberg Business News (ATLANTA] Hayes Microcomputer Products Inc said its founder's plan to bring the company out of bankruptcy received a boost from a ruling by a federal bankruptcy court judge. Judge Hugh Robinson in
        Bloomberg Business News  -  359 words
      • 186 8 Bloomberg Business News [HONGKONG] Bankers for Shangri-La Asia Ltd, a Hong-kong-based international hotel group, began selling US$4OO million (SSS6B million) in debt yesterday. They raised the amount from US$3OO million due to demand that topped US$9OO million, said Societe Generale Asia Ltd, which is arranging
        Bloomberg Business News  -  186 words
      • 256 8 Bloomberg Business News [PHILADELPHIA] Crown Cork Seal Co said it completed its exchange offer for all of CarnaudMetalbox SA's shares outstanding as part of its US$5.2 billion (557.4 billion) acquisition of the Paris-based packaging company. The acquisition, approved in December by shareholders of
        Bloomberg Business News  -  256 words
      • COMPANYBriefs
        • 71 8 (SINGAPORE] In response to a query from the stock exchange, Overseas Union Enterprise yesterday said it was "not aware of any reason" for the substantial increase in its share price and the trading volume in its shares on Thursday. OUE's share jumped
          71 words
        • 62 8 [SINGAPORE] Material Handling Engineering Ltd yesterday reported an Interim net loss of $060,000 for the six months ended Doc 31,1066. This is lower than the $1.97 million loss incurrsd in 1964. Hie company attributed Its results partly to the departure of several key
          62 words
        • 58 8 [SINGAPORE] Avimo Alvis Aerospace, a subsidiary of A vimo Singapore, is selling its leasehold land and building at UJoo Koon Way for $3.62 million. The deal, when completed, will yield a gain of $2 OR million which will go towards reducing the parent company's borrowings
          58 words
        • 44 8 [SINGAPORE] Furniture retailer Courts has Isassd UMBO square feet of retail space In Pasir Ris for a new branch, which is due to open in December. The new branch will eventually replace its temporary premises at Ellas MaH
          44 words
        • 77 8 [SINGAPORE] Pertama Holdings, the retailer of consumer electronics, is raising about $4.5 million through a private fg placement to repay bank borrowings. It has reached an J§ agreement with United Overseas Bank, which will subecribe or procure subscribers for the placement of &25 million shares,
          77 words
        • 89 8 NST [KUALA LUMPUR] SMPC Metal industries Bhd, which made an impressive debut on the Kuala Lumpur Stock Exchange second board on Thursday, yesterday dosed 30 sen down at M 57.80. Volume was 188,000 shares. On Thursday, the stock opened at Mf&SO, registering* USOper cent
          NST  -  89 words
      • 280 8 Reuter [LONDON] British pest control to security services Rentokil Group pic yesterday launched a £1.8 billion (Ss4 billion) hostile bid for business services group BET pic, one day after saying it had made a friendly approach. In making its offer, Rentokil highlighted what it
        Reuter  -  280 words
      • 325 8 Reuter Bloomberg Business News [SHANGHAI] China's listed companies are increasingly looking to mergers to strengthen competitiveness and improve management, analysts said yesterday. Four mergers involving companies listed on the Shanghai stock exchange have taken place in recent months and more are considering a
        Reuter; Bloomberg Business News  -  325 words
      • 316 8 It will become first broadcaster to label contents of shows Bloomberg Business News [NEW YORK] News Corp said it will put ratings on programmes shown on its Fox television network, becoming the first broadcaster to label the contents of its
        Bloomberg Business News  -  316 words
    • FINANCE & COMMODITIES
      • SMALLChange
        • 76 9 Bloomberg Business News [NBW YORK] Bankers Trust New York Corp's ratings on USS&3 billion (S$13 billion) of debt were lowered by Standard Poor's Corp, which said the banking company's money-losing derivatives business has hurt results. SAP lowered its rating on Bankers Trust senior debt
          Bloomberg Business News  -  76 words
        • 79 9 AFP [LONDON] Gold purchases hit a record high in the main importing countries, rising on average by a 10 per cent rise in 1966 to a total of 2,740 tonnes, the World Gold Council &<WGQ said on Thursday. Demand for the precious metal
          AFP  -  79 words
        • 88 9 Bloomberg Business News (NEW YORK] Chase Manhattan Corp has begun firing bankers in its k>an syndications group as it prepares to merge with Chemical Banking Corp, a source said. Fewer than 10af the 35 bankers at Chase that put together groups of hanks, or syndicates,
          Bloomberg Business News  -  88 words
      • 231 9  -  By i Siow Li Sen [SINGAPORE] Thursday's frenzied sell-off of the threemonth Euroyen futures contract on the Singapore International Monetary Exchange (Simex) resulted in many unexpected hongbaos for arbitrageurs and individual traders. The lead September Euroyen contract fell 17 points to an intra-day
        231 words
      • 450 9 ÜBft/Duu The US$ fell against the German mark, touching a low of 1.4630 on Wednesday before consolidating between 1.4630 and 1.4730 after that. It was seen trading around the 1.4680 level yesterday morning. Strong support is seen at 1.4615. A breach of this
        Source: ALLAN  -  450 words
      • 454 9 Vienna, two big banks reject EC calls to end anonymons saving accounts Bloomberg Business News [VIENNA] Two of Austria's largest banks criticised the European Commission's attempt to pressure Austria to end its 177-year-old tradition of anonymous saving accounts as a way to fight
        Bloomberg Business News  -  454 words
      • 158 9 Reuter London THE dollar was subdued and still somewhat sluggish in European trade ahead of holidays on Monday in both the United States and Asia. The mark was mostly steady against the crosses after the Bundesbank left its discount rate at 3 per cent and fixed its next
        Reuter  -  158 words
      • 374 9 Recent speculation of early rate rise seen as premature AFP [TOKYO] Japanese interest rates were expected to remain low for some time to come, reflecting prolonged weakness of the economy, economists said yesterday. They said recent speculation, sparked by comments by Finance Minister
        AFP  -  374 words
      • 310 9 Bloomberg Business News [BRISBANE] A consortium of international banks, including America's Chemical Bank and the Bank of Tokyo, has written off about As6so million (***** million) in loans for the Newlands-Collinsville-Abbot Point (NCA) coal project in the Australian state of Queensland.
        Bloomberg Business News  -  310 words
      • 321 9 ENERGY REPORT Reuter [LONDON] Oil markets were set to end the week quietly yesterday as the rollercoaster ride of previous days calmed down ahead of a US holiday and no firm news on renewed Iraqi oil sales. World benchmark Brent Blend crude oil
        Reuter  -  321 words
      • Article, Illustration
        1138 9 DfTHRBAMK CU»PfCT BATES 4pm. Feb, 6 rtqilnit S$ Afttet 95$ Afatatt S$ Afataat HI Cwwdw Mi Oftar Mi Off* {wwdw m 9R* M Whr Franc* fraac 27.9144 27.9427 5.0575 ***** LoecU dollar* to on* unit of foreign currtney: Mtar tUK UT 7.790 7.7340 AastraNaa 4a9ar ***** ***** 0.7531 0.7554 MatmtarapMl
        1,138 words
    • COMMODITIES&FUTURES
      • 1052 10 [KUALA LUMPUR] Tin price on the Kuala Lumpur Tin Market ended 12 sen higher yesterday at M 515.72 per kg on improved buying interest, dealers said. They said the market was in active trading with traders having to shortcover and build up their stocks ahead of the week-long holidays
        1,052 words
      • 1011 10 Reuter (SINGAPORE] Simex Euroyen futures hobbled to a weak finish yesterday as the market recovered slightly from Thursday's sharp drop. September Euroyen plunged to 98.82 on Thursday following comments by Japanese Finance Minister Wataru Kubo about the need to consider the impact of low interest rates on pensioners. Players
        Reuter  -  1,011 words
      • Knight-Ridder Commodity Summary
        • 103 10 [SINGAPORE] Malaysian feedmills have covered their soymeal needs through May shipment and will buy for June in a big way once they return from next week's holidays, traders said. Only one or two cargoes—with the range totalling from 10,000 to 40,000 tonnes—still have to
          103 words
        • 106 10 [SINGAPORE] The Philippines' recent raw sugar imports are for domestic consumption and not re-export, officials at the Department of Agriculture said yesterday. The country has imported about 20,000 tonnes of raw sugar from Thailand and another 80,000 tonnes from Australia for Jan-Feb shipment, the
          106 words
        • 90 10 [SYDNEY] Mining of higher ore head grades enabled Australia-based Broken Hill Proprietary to post a 60.7 per cent year-on-year rise in copper concentrate production in January from its majority-owned La Escondida mine in Chile. BHP's 57.5 per cent interest in Escondida yielded the company 27,000
          90 words
        • 56 10 [SYDNEY] Australia's benchmark indicators fell further this week, with the eastern indicator losing six Australian cents per kg clean to 585 cents (626 Singapore cents), and the western down three cents at 579. Chinese interest helped firm strong wool categories, but was insufficient to counteract a fall
          56 words
    • 1022 10 SICOM FUTURES NHEltfctowdMtafaMtUai* micoffTtAaacMb^ MMtt M# U« Apr 96 £r94 5M Mfi+f6 ***** ***** OltftKM MfUmW RMS CONTRACT OB cwttA* Mart H* Lot Mar 96 89.50 61.00 Apr* Haytt JH 96 SStt TSR 20 ARAM CONTRACT (Saabfe) jg%< —-J*—— Apr 96 2*00 ***** MayM J»96 JHi/Stp 96 Od/Dtc
      1,022 words
    • 4682 11 Pt*n -83.42 SHARE prices closed broadly lower yesterday, but well off lows on bargain-hunting by public funds and a closing rally in futures, which sparked late futures-linked buying. The Nikkei Average closed down 83.42 points at 20,802.77, off a low of 20,580. The Topix Index was down
      4,682 words
    • 1628 11 Qua -8J SHARE prices closed lower on profit taking and early declines on Wall Street. The market was also undermined by a weak bond market The FT-SEIOO Index closed down 8.9 points at 3,770.9, off a high of 3,791.6. Volume was 748.5 million shares. Share prices fell
      1,628 words
    • Article, Illustration
      2441 12 AFX-Asia WHangSeng ****** SHARE prices closed higher in a day dominated by property and infrastructure stocks. The Hang Seng Index closed up 123.18 points at 11,594.99. Turnover was HK16.14 billion. The index fell on mild selling in early afternoon trade but picked up again and at one time went
      AFX-Asia; ALLAN; BCRUZ  -  2,441 words
    • Article, Illustration
      528 12 Reuter P Shanghai B Stare Met +Ll5 SHANGHAI B Share Index closed sharply higher in active trading yesterday, mainly on institutional window-dressing buying ahead of the two-week Lunar New Year holiday starting on Monday. The B Index rose 1.15 points, or 2.3 per cent, to 52.38 on a volume
      Reuter; Source: Credit Lyonnsis Securities Ltd  -  528 words
    • Article, Illustration
      1211 12 Bloomberg Business News H SET lain +3JO STOCKS rose, as publishing issues rallied on expectations lower paper prices will boost profits, analysts said. "Newsprint prices reached their peak in the third quarter last year," said an analyst. Prices are expected to be little changed next week, as many traders
      Bloomberg Business News; ALLAN  -  1,211 words
    • Article, Illustration
      1000 12 Bloomberg Business News QCnpofltabfaz ♦4.71 STOCKS rose as Telkom and Indosat gained on news of the US$3OO million (***** million) sale of 17 per cent of their mobile phone company to the Dutch national telephone company. "We know this market is massively underserved," said an analyst. "It's reasonable to
      Bloomberg Business News; BCRUZ  -  1,000 words
    • KUALA LUMPUR STOCK MARKET
      • 6969 13 KUALA LUMPTJR Reports Bloomberg Business News +4.73 STOCKS rose to a fresh 15-month high, led by financial shares. Analysts said local investors bid up stocks in the expectation that foreign fund managers, who have ploughed hundreds of millions of dollars into Asian markets
        Bloomberg Business News; ALLAN  -  6,969 words
    • WARRANTS & OPTIONS
      • 3554 14  -  WARRANT WATCH By R Sivanithy SOME time back, we featured the rights to the warrants on Malaysian property counter PJ Developments. Since then, the warrants have done very well, but have fallen off a bit during the correction of the past two weeks. For this
        3,554 words
    • 2081 14 (r Gr M99/M Last Val Day Last Quota Wv Otv YM Nat M Cap H%> La» >t»a Ciwa—y Sata fOOO> Hlgk Laar Buyr Sa4Mr CV P/t tmM us IN MOO Aisasoc ta a* 10 <i 0.2 uo.o uo.7 87 103 SOOI AMDBSOc *7.5 «03 3tt *9 *7.5 915
      2,081 words
    • STOCK EXCHANGE OF SINGAPORE
      • 532 15 s- mwmmoi vaukcom) «Fssr~#gS6—w 'tiW £»r £g IS tSS nss H -S njSi «MM twm tSSSm wt.TS snm r.aa s o o i i i 2 «u» 4 1 M n > i i *n i V fc- If MAI -M4 4 mm <w RHlM -WO -M hot tnm *mm
        532 words
      • 3991 15 Or Or mm 1995/9* Last Vol Day LaatOwta Mv Mv VM Mat Cap A«d t«» La. Stota CiMiiy SMa rOOB> HN» «—«r Cw w w Prtaa .214 176 ttsa amtsoc usw9 -i w w m tas i®9 12.7 312.9 4*4 M* at 1000 Acuta 50c 434 -4 497
        3,991 words
      • 736 15 «r Or M wt .ys. —-I, v a ~-u- :a:s a.s MMM T8lt1i~'1H' TmTTri l||l llllWMIi lltlWli'iriMl"Tli^rt^"fej«Wt3fg:i 322 40 2000 AMHM«t9c 287 -I 259 289 2SJ 283 287 W.0 6.9 03 42.4 124.9 278 280 SO 2001 A*iamatrti90c 220 *10 2 220 210 210 220 217 124 77.5 a
        736 words
      • Article, Illustration
        60 16  -  -By Paul L AVERAGE Directional Movement Index shows that the recent upmove in Pegi Malaysia is unttkriy to surge atom its year high at $1.68 from yesterdays close qfsl.sl Weekly and monthly Relative Strength Indices are near over bought regions while the daib indicator is neutral. Look for
        60 words
      • 812 16  -  STOCK MAUBT ooHMmmsr Strong finish helps STQ regain 2,450-point mark; analysts say recent correction has weeded out weak holders By R Sivanithy [SINGAPORE] A quiet start to trading yesterday eventually gave way to a strong finish that enabled the Straits Times Industrials
        812 words
      • ON THE GRAPEVINE
        • 94 16 CONVENTIONAL wisdom has it that equities research is a science. Well, most BT Journalists are likely to agree, but would hasten to add that it is as much an exact science as weather forecasting. Just yesterday, we rsceived three brokerage research reports on Kuala Lumpur-listed Hume Industries, which
          94 words
        • 115 16 AS WE approach the Year of the Rat, some local shares appear to be thriving on chicken. Cerebos Pacific shares rose an impressive 70 cents yesterday to close at $11.90. Trading was pretty impressive too with over 412,000 shares changing hands. As dealers and analysts could not
          115 words
        • 100 16 THE senior management of British business services group BET pic has s major pest control problem on its hands. Yesterday, pest control group Rentokil Qroup pic launched a U552.77 billion (Ss3j9 billion) hostile bid for the company. This was ju»t one day after saying it had madea •friendly
          100 words
        • 61 16 IT IS good to hear that the only thing that did not outperform inflation wan index at ftind management firm Tempieton is thejpb title. According to a source, the retired John Templeton (the fund's founder) had the Job title of "analyst" on his name card all his
          61 words
        • 99 16 THE next few days will be crucial for aluminium consumers, especially listed food* beverage companies in Singapore, Aluminium prices on the London Metal Exchange have risen moderately this week though there is considerable debate on its upside potential. Yesterday moraine, three-month aluminium was quoted at around USfI,64S/46, barely chasgßdftani
          99 words





  • Page 12 Advertisements

  • Page 13 Advertisements
    • 36 13 Lite only newspapers available Oft 20th February *&6 Win up to $15,000 worth of prizes tn the (cost plus) Chinese Hew Year Promotion. Pm WorM news, local news London Stock prices available. l.ianhc Wanbao S«n Mew«
      36 words

  • Page 14 Advertisements
    • 87 14 SIMPLY DIAL 740-6000. SELECT 1 KEY IN THE CORRESPONDING DOCUMENT CODE OF THE COMPANY YOU ARE INTERESTED IN Singapore Telecom W&T DistriPark Times Conferences Aggreko Inmarsat Services Warehousing Logistics Services Singapore Maritime Week '96 Portable Power Generation Equipment Document Code: 8001 Document Code: 8003 Document Code: 8005 Document Code: 8007
      87 words

  • Page 15 Advertisements
    • 103 15 I BUY<* I SELL^f JPP Classified ads make finding a job an easy chore. No matter what it is, you can always buy it, sell it or find it with the Classified. T0 1 I fill 1800-737-1166 yE| Coll Today For Kosilts Tomorrow. I Limited series of hand-made welted shoes
      103 words

  • Page 16 Advertisements
    • 929 16 Singapore Closing Share Prices 16/02/1996 CLOSE PREV LOW HIGH till## uss uss uss uss AlWr Jardine Matheson 8.35 &£0 8.05 8.35 FRSM Jardine Strategic 3.34 3.42 3.30 3.38 LXSSSf A Dair Fmrm 1-01 0.00 0.06 1.01 kSViH Hongkong Land 2..20 2.18 2.16 2.20 ■■■■■■■I Mandarin Oriental 1.33 1.34 1.33 1.34
      929 words

  • EXECUTIVE Lifestyle
    • 1476 17  -  Is it the right time to expand your business, invest in properly or change your job? jaimb be finds out what you can look forward to in the Year of the Rat JAIME EE CHILDHOOD folklore has it that the rat became the first animal in
      Design by Jen Chua  -  1,476 words
    • STRAWS In The Wind
      • 57 17 WHATs the shape of things to come? Here's what an IT magazine has to say: "The factory of the ftiture will have only two employees, a man and a dog. The man will be there to feed the dog and the dog will be there to
        57 words
      • 72 17 A MIDDLE-AGED woman was spotted at McDonald's trying to buy its promotional Mickey Mouse dolls in Chinese costume for her "house decorations". She got agitated when told they had run out of Mickey Mouse dolls. To sooth her, her husband suggested: "Never mind lah. No Mickey Mouse,
        72 words
      • 65 17 THE NEW Mercedes Benz E-class has been selling like hot cakes, but maybe the over-zealous car-buyers should have done some homework first. On the first day of delivery, a middle-aged woman got into her car but didn't know how to operate it. From the looks of
        65 words
      • 44 17 SOME hotels try to win guests over with subtle touches like fresh flowers and free newspapers. One airport hotel in Auckland is a little more direct. Displayed prominently on a billboard outside were these words: "Stay with us. We need the money."
        44 words
    • VIEWPOINT
      • 1659 18  -  Ifs business that drives the vision, says co-founder and chairman of Netscape Communications Jim Clark, the Internet's first billionaire. He talks to imimiH jambs about the experiences that have shaped his philosophy THE RAFFLES Conversation KENNETH JAMES VISIONARY. It's a tag that, along with "legendary", is often
        CHRIS LOH  -  1,659 words
      • 870 18 INEVITABLY, inexorably, the conversation turns to the Internet. A lot of people think if s going to be big, someone suggests cautiously. "Oh, c'mon!" exclaims Jim Clark. "It's the biggest thing that* s happened in telecommunications since the telephone." In fact,
        870 words
      • 815 18 WHEN the history of the information art it written, the meeting on Feb 1, 1994, between 50-year-old computer luminary Jim Clark and 22-year-old software genius Marc Andreessen will be seen a* one of its turning points. Dr Clark recalls that meeting, and subsequent developments, vividly.
        815 words
    • PROFILE
      • 1238 19  -  Manager, detective, researcher and valuer Tow Theow-Huang juggles all these roles as senior director of Chinese paintings and works of art at Chnstie's in New York. aoaBWBBLBm meets the man who's happily married to his job GOH HWEE LENG SINGAPORE may not feature prominently in the international
        CHRIS LOH  -  1,238 words
    • 463 20  -  NIGHTSPOT The Cnb&n Boys have taken over the Tapas Bar, bat nobody's complaining By A Surendren IF YOU love jazz, you'll certainly enjoy the rhythm of the Cuban Boys at Omni Marco Polo's Tapas Bar. The music is infectious, and violinist and band leader Omar Puente dances while
      463 words
    • 577 20  -  TELEVISION The Late Show with David Letterman has finally arrived in Singapore. Bat seriously, folks, what's this award-winning crap doing on Premiere 12? By] Kevin Sullivan THE LATESHOW with David Letterman (Mon-Thu 11.30pm, Fri 12.30 am, Premiere 12) was very late indeed this week. The episode
      577 words
    • 494 21  -  I CINEMA Don't hold your breath. Waiting To Exhale may not be your idea of a heady experience By\ Shahiron Sahari IT'S hard to be sure if Waiting To Exhale is such an applauded event because it is the first movie of its kind, or because
      494 words
    • 524 21  -  Compiled by Holly Harrison ouMumra Bjork Need to dance off some of those New Year calories? Let Icelandic pixie Bjork inspire you when she appears in concert at Zouk next Friday and Saturday. Buy your tickets before tomorrow and you'll get $5 off. Feb 23 and 24, 9pm
      524 words
    • EPICURE
      • 402 22  -  This year, why Dot serve fa caiyu shengmih a difference? Chef de cuisine waymb HDUkBATUBi of Doc Cheng's at Raffles Hotel shows how you can combine traditional ingredients with Pacific influences to create great fish (fishes WAYNE HIRABAYASHI YnSheng For 4 people INGREDIENTS
        CHRIS LOH  -  402 words
      • 103 22 FOR the Lunar New Year, Pascale Garcia, consultant decorator at luxury tableware retailer Christofle Paris, has created a table setting dominated by the traditional colours of red and gold. These colours appear cm the elaborate table cloth, on the plate rims, cutlery, as
        103 words
      • 772 22  -  WINE CONNOISSEUR Which wines go best with traditional Lunar New Tear fore? Here are some useful guidelines By N K Yong WHAT I find fascinating on the wine scene today is the adoption of wine as the standard beverage with meals, even Chinese food, and
        772 words
    • Article, Illustration
      1255 23 Am Ventura: Wkm Natu* Calls. Funnyman Jim Carrey back as the antic animal sleuth, this time in Africa where he summoned to find a sacred white bat in time to stop a tribal wa Lido: 11.15; 1.45; 4.15; 6.45; 9.15. Capital 11; 1.90; < 6.30; 9.15. 1 shun: 10.55;
      1,255 words
    • TRAVEL
      • 2377 24  -  Tired of chain hotels? Perhaps the smaller, independently-run boutique hotels are more your style, ranu, wablow picks five of London's best EMMA WARLOW BUSINESS travel, as every hard-working international executive knows, is very far from glamorous. The reality of travelling long distances is hardly enviable —dealing
        2,377 words
  • Page 17 Advertisements
    • 11 17 ihe Baffles Conversation Netscape chairman Jim Clark. EL S A Hhfcg.'
      11 words
    • 59 17 IhrvdHßZflH London's U best boutique hotels ELB^SvT7B r V- f V ~L>La#~ gMb. i b «si»esses j flflj* «n a hurry ««>oog Can de#ver FmP out Promise? £j~jF honms in BUSINESS Unit trusts: May or sell? ■> <be j»b or calling all (he .m' "Sbt buys? We find out bow
      59 words


  • Page 19 Advertisements
    • 409 19 die in the short ones. By doing this, you get THE WORLD OF OFFSETS is key to optimizing performance. We offer PerformTiy the clubs that are tearing up the tours. Used by a so^ter more responsive feel at im- You'll love our classic styling of a ance Flex Graphite Shaft
      409 words

  • Page 20 Advertisements
    • 400 20 9' *^Wm€W~ m From 11.30 am 2.30pm SO COME AND HAVE THE PLEASURE OF CURLING YOUR TASTE BUDS AROUND THESE XIAMEN DELIGHT! Xiamen cuisine buffet lunch with an enticing spread of over 30 dishes reflecting their true heritage, including snacks and desserts. It is real value for money. SL'MMUI GAfl
      400 words
    • 120 20 "High Tea" starts at High Noon Don't miss our delicious High Tea Buffet available from 12 noon to spm every weekend. Price: $13 JO (adult) $8.80 (child) A La Carte Menu is also available. Pries subject to 10* atrncr charge. 1* government tax and 3% GST For reservations, please call
      120 words
    • 201 20 Get A Headstart On (<uck qju c're servinttup our famed Yu I Sheng and son* very auspicious treats to bring yoifcan-Especially prosperous LurUqrNew Year! SpccialtirJblisl Ytt Sheng (18 |5B 4 Mar) Yd SbeMfl- FramfZl.** Reunion Dinner Set Menus from $428 of 10 persons. •All ft'xtt abjictuniiip'l' SIPVt lain including GST.
      201 words
    • 137 20 I MORE THAN JUST I I seafood! I Besides live petfood, Singapore's largest outdoor seafood restaurant offers the Instant Asia Cultural Show at no extra charge! Available from 8 pm to 8.40 pin, Mondays to Fridays. sirsp m j seafood restaurant 920 East Coast Parkway, Singapore 1544. I Tel: 343
      137 words
    • 117 20 mrT, k lrf i »n t mi ihmict xj. rtTiiil >jt The ribs are good cheap ft Man Kan Keng of The Sunday fanes voted lite Sixties Diner**" Talk about... w Good Sixties has it Cosy Ambience Sixties has it IneKpensiue Fine Dining J}|[ Sixties has it wSSM&BLV For reservations,
      117 words

  • Page 21 Advertisements
    • 174 21 Where to wine, dine and entertain I KINTAMANI -INDONESIAN RESTAURANT— Ramadan Buffet 22nd JAN '96 13th FEB '96 15th FEB '96 21st FEB '96 Come, break your fast with Ramadan Buffet featuring Padang and a wide selection of popular Indonesian Cuisine. *Buffet Lunch available dally (12 noon 2.30 pm) Hk
      174 words
    • 225 21 Unwind witk golden bubbles at tke Hubertus Grill tkia Sunday witk a free glass of Gold Sekt Champagne, containing real 24 carat gold flakes. Tke perfect compliment to a Sunday Brunck, tkat even King Midas find kard to resist. A ANA HOTEL SINGAPORE 16 NiMim HiO, Smfroffi 25*467 TrUfl.o!,. 732
      225 words
    • 230 21 Et~ |~r Reunion Feasts I h 8 February 4 March 1996 Moon Pavilion Chinese Restaurant Usher in the Year of the Rat with our auspicious menus each spelling prosperity and good luck for the new year t $388 per table of 10 persons includes free flow of soft drinks plus
      230 words
    • 254 21 ffi| Every New Year celebration can WWewH** New Veer Dhhes jF M only be complete when you sink /*J your teeth into oureverpoputer Prosperous Ra*RshS<tfad "Lo Hei Yu Sherg". Treat your (Abatone/Saknon/Parang) M family and friends to a sumptuous Long Fang Cheng Xlang B CJKomm-.M-MM.MM m P PmHsang Restaurant With
      254 words


  • Page 23 Miscellaneous
    • 2259 23 TODAY'S TV 1030 AM TV Innovations. fECESE?' TtlG v ll be Ritchie and Others. 11,00 Zhuang <Te MO Berita Mutakhir. ii IXOO NN A Sita Mnftvfhir there for you M 3 EST 9 Snrrpr PA Cud Archive J 10,90 Usop Santorian. In Fooos: Inside Friends, Cheech Marin stars in this
      2,259 words