The Business Times, 29 June 1996

Microfilm: NL20610
Total Pages: 32
1 32 The Business Times
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  • Title Section
    Masthead
    16 1 THE BUSINESS TIMES MITA (P) 046/12/95 Internet- http://www.asia! .com.sg/biztimes SING APORE WEEKEND EDITION, JUNE 29-30,1996 85e
    16 words
  • Article
    MARKET SUMMARY
    47 1 HSE U ami (+7.85) stomp 2ML75 (+6.43) D 5£5h4.23) $'?,0MK KAKKET DOHSS Change KLfflCOMF- UMtt *M mm 2UM.7I +JHM HAWMBHQ 11JMM, +HM 90MDEX 1JN7JB +U8 JAKARTA COUP —MM MANILA COUP —IXTUt ♦1&7J WttiWt MfiKM MM K«.-=K=3: AOBTAUtOID _S3411 «U lf« EST Chap DOW MMJ( +7J»
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  • Article
    FINANCE
    60 1 mmm rn s* Utt_ 1.410 f— LM8 IMS W 9.867 UN TH»m cm u» m i.4#I CM w- c» cut Mm CM CM WTUH Ml CM CM nmiins SOWAPOHr 6.44 EDAUUIWVB. „8.15 JAKAKTA 18.06 BANGKOK tt.75 ■AMU 14.S* HONGKONG A7S TAffB 8.M SYDNEY W.75 TOtlO LM 8E0UL UN ZWBC8-
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  • Article, Illustration
    Earnings underpin market's first-half best performers
    963 1  -  Five US dollar Honnmin^toH counters also make it to the top 10 By R Sivanithy (SINGAPORE] Fundamentals asserted themselves in the Singapore stock market in the first half of the year, going by the best and worst performing stocks in the period. Almost without
    963 words
  • Article
    SingTel sheds 16 cents as Temasek places 50m shares
    320 1  -  By Genevieve Cua [SINGAPORE] Singapore Telecom fell 16 cents to $3.76 yesterday, weighed down by a placement of shares by msgor shareholder Temasek Holdings and market speculation that another placement would be made on Monday. Temasek said yesterday that it had
    320 words
  • Article
    CAD impounds passports of several past Amcol directors
    372 1  -  Move to aid probe into irregularities involving millions of dollars By < Conrad Raj [SINGAPORE] The Commercial Affairs Department (CAD) is said to have impounded the passports of several past directors of Amcol Holdings to facilitate its investigations into irregularities at the
    372 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      101 1 DE if «v KmrtpnOsMittf ghgpt Phis, the financial results of Metro and CK Tang, Wkatte trust? There are many CPFapprwed unit trusts on the market, but one stands out F»« nfSfiUß VBMVJB HhsSK^S thtspg. *nie speculative element la going to be missed for a while yet «a^iu«MMeati in. thispg. Room
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      Page 1 Advertisements Column 2
      16 1 si ARTHUR LEE The Great Singapore Sale is on Your guide to good buys, Pg EL2
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      Page 1 Advertisements Column 3
      94 1 More reports and statistics, Pg 11 Singapore market capitalisation rises 66% to top $2b Klffi eeoomd board set to continue attracting punters Alfred Dunhill KT3®: > J :w- pP^::-. W<' 1 n 1 i. a i 11 i i J i twt I mMKKtm KSHI^I^HHH Centenary Watch /n,<forti/6y {AanAt//u>atcAet in
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      Page 1 Advertisements Column 4
      18 1 Why HER had to do what it did, Pgs Warning signals may be in the annual report, Pgs
      18 words
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  • SINGAPORE AT HOME & ABROAD
    • Article
      Free trade, green goals can mix: experts
      381 2  -  By Vikram Khanna ENVIRONMENTAL protection and free trade can be made mutually reinforcing. However, this will require new initiatives at both national and global levels. These were the main conclusions of the two-day Asia Conference on Trade and the Environment, which ended yesterday.
      381 words
    • Article, Illustration
      SRC president defends club's recent elections
      391 2  -  By 1 Teh Hooi Ling SINGAPORE Recreation Club (SRC) president Johnny Goh yesterday defended the club's recent election of office bearers and the management committee's actions. Mr Goh and his team were responding to a group of SRC members' call for an extraordinary general
      391 words
    • Article
      Traders turn to cheaper timber outside Asia
      332 2  -  By. Ang Wan May MORE than half of local timber traders are spurning Asian supplies in favour of much cheaper wood from as far away as South America and West Africa, say industry sources. Timber in Asia is now 25-40 per cent more
      332 words
    • Article
      Lock icon Govt starts 24-hour web site service
      355 2  -  By] Kenneth James ALLAN THE government has formally set up shop on the Internet. Launching the Singapore Government Internet Web Site yesterday, Deputy Prime Minister Lee Hsien Loong said the move signalled a commitment to round-the-clock service from "a virtual government that never sleeps".
      ALLAN  -  355 words
    • Article
      Opposition report dismissed as ridiculous
      322 2 DEPUTY Prime Minister Lee Hsien Loong yesterday dismissed as "ridiculous" the finding of an opposition report that the cost of living has escalated sharply. Citing "elementary mistakes of fact and logic", BrigGeneral Lee said that, on the contrary, standards of living have gone up while
      322 words
    • Article
      Link seen between exec condo, HDB resale prices
      391 3  -  But analysts do not foresee fall in prices of HDB resale flats in near future By Diana Oon THE HDB resale market will use executive condo prices as a market indicator, but resale flat prices are not expected to fall in the
      391 words
    • NEWS Roundup
      • Article
        Parliament to sit on July 12
        21 3 PARLIAMENT will sit on July 12 at 12.30 pm, the Clerk of Parliament announced yesterday.
        21 words
      • Article
        US$2.5m more for Sony design centre
        46 3 JAPANESE electronics giant Sony Corp said yesterday it will invest an additional US&S million (553.5 million) in its Singapore semiconductor design centre by the year 2000. This will bring Sony's cumulative investment in the centre to US$4 million by 2000.
        46 words
      • Article
        Closure of CTE tunnels
        28 3 THE Central Expressway Tunnels will be closed tomorrow and on July 7 from midnight to 8 am and 10 am respectively for electrical works.
        28 words
      • Article
        Upgrading for 5 more HDB blocks
        78 3 THE Ministry of National Development has earmarked another five blocks of Housing Board flats for its project to improve the living conditions of the elderiy. Renovations on Blocks 51 and 52, ChinSwee Road; Blk 151, MeiLing Street; and Blocks 61 and 62 in Geylandßahru
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      • Article
        Corrections and clarifications
        43 3 The Government of Singapore Investment Corporation has notified us that Greg Seow is no longer with the group as implied in Wednesday's BT story, "Amcol loses top two men in board revamp". We are sorry for the wrong impression given.
        43 words
    • Article
      CPF minimum sum: 3 changes from Jul 1
      223 3 FROM July 1, a CPF member must have more than $45,000 —$8,000 cash and $37,000 prop-erty-pledged with the CPF Board before he or she can use CPF money for investment or education. Two other changes will also be made on July 1
      223 words
    • Article
      Govt widens scope for ex-gratia payment in acquisition compensation
      328 3  -  Mm benefits those affected by NE MKT line development By Christopher Tan THE government has widened the scope for ex-grattai payment in compensating owners of properties marked for acquisition a move that will benefit most of those affected by redevelopment connected
      328 words
    • Article, Illustration
      Lock icon Golfer gets lucky twice at BT event
      167 3 LADY Luck is courted by many but few find favour with her. Data Dynamics general manager John Lee must belong to that envied minority. Yesterday, he and his partner, C Melchers regional marketing manager Mike Neo, won BT's 20th anniversary golf tournament held
      ARTHUR LEE  -  167 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      881 2 I (jijjjfc MOSCOW NARODNY BANK LIMITED— I Incorporated in London in 1919 as a private limited company I Head Office and Registered Office 81 King William Street, London, EC4P 4JS Singapore Branch 50 Robinson Road, MNB Building, Singapore *****2 I Representative Offices Russia Pokrovsky Bulvar 4/17 Suite 34, Moscow, Russia
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      227 3 THE KENrfIRwHSTBRN AUSTRALIA SEIF-DRIVI YOUR FANTASYTAK£ ■EL |LL W| tf jJ Then the MAGIC explodes to reality when you arrive in Perth and drive away In your Avis car headed towards Cttfffr* ShSffij m your first stop.... H T T "tl With Ken-Air's great new Fly CNKI DflVo Packages, the
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  • FOCUS: PERSONAL FINANCE & INVESTMEMT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        621 4 Those polled for their views on the Singapore stock market's outlook in the week ahead are: ING Barings, Daiwa, Fraser, GK Goh, Deutsche Morgan, Nomura, OCBC Investment, SBC Warburg and Merrill Lynch. Tte Hot (Hub (TOO) ♦The company reported a 14.5 per cent rise in net earnings
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      • In My Opinion
        • Chapter
          Untitled
          223 4 to eligible liabilities 1 this year. So the bank fe iftinkely to raise SRR again so soon. Apart from moral suasion, what else can Bank Negara do? We cannot rule out further measures aimed at banks to raise their general provision (GP) level. Currently, the GP level is one per
          223 words
    • Article
      UGF unit trust stands out
      677 4  -  Investors in unit trust can expect adequate, but not huge returns By I Shiv Taneja [SINGAPORE] Looking to invest in Singapore equities with your CPF funds, but not quite sure what to buy? Try CPF-approved unit trusts. There are currently 10 available, and the best
      677 words
    • Article, Illustration
      Political concerns, car policy drive bourse down
      629 4  -  EYE ON THE REGION: JAKARTA By] David Chang The writer is a research director for a Jakarta-based stockbroking company. WHAT does a Korean car and a red-shirted Jakarta demonstrator have in common? Both were responsible for the Indonesian stock market's plunge last week.
      629 words
    • Article
      LJ to rank among Sesdaq's top 10
      747 4  -  IPO seen as good bet and its stocks are attracting strong institutionAl interest By' Ven Sreenivasan [SINGAPORE] Lindeteves-Ja-coberg's (LJ) inability to qualify for the ma inboard could be a blessing for the junior board. The trading-based company will be a heavyweight on Sesdaq
      747 words
    • Article
      ACU DEPOSIT RATES
      588 4 BankofCMna m$ 25.000 249.999 1000 ***** ***** A$ 250.000 500.000 ***** ***** U900 10.000 49.999 ***** ***** 6.8125 50,000 Above 6.8750 ***** ***** 2.499.999 ***** ***** 7*00 Dmk 2-5 4.999.999 1)900 MHO 7.1300 *>,000- 49.999 2.5000 2.4375 2.4375 M 2-6075 2.6250 ***** C.0000 12.3000 12*00 HK$ 250
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  • FOCUS: THE AMCOL SAGA
    • Article, Illustration
      Why the SES had to do what it did
      2288 5  -  The Amcol saga proves that the exchange can act decisively and swiftly, but not without due consideration of the consequences to all parties concerned Reports by* Tan Sai Siong [SINGAPORE] WHEN Amcol Holdings shares took a heavy beating on Thursday, one
      2,288 words
    • Article
      Warning signs in Amcol annual report?
      535 5 Ex-chiefs spike if aaditsofmajtr jrtup ffmpnnifir WERE Sudwikatmono and Henry Pribadi, ex-chairman and ex-managing director of Amcoi Holdings respectively, signalling desperately to shareholders that all was not well in the company through their joint statement in the 1995 annual report released earlier this month?
      535 words
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  • REGION
    • Article
      Lock icon Vision of an economic powerhouse in 2007
      339 6 HONGKONG ■udurMMin, Macau and southern China forming bttmtri&ngle Reuter A BANKER yesterday outlined a vision of an economic powerhouse and mega-city of 40 million people embracing Hongkong, Macau and southern China a decade alter Britain hands Hongkong back to Chinese rule. "When a
      Reuter  -  339 words
    • Article, Illustration
      Lock icon Return to sender
      43 6 [HONGKONG] Postal worker Felix Chang examining cast iron British post boxes at a suburban post office. The boxes, featuring the British Crown logo, are being removed prior to the handing back of the colony to China on July 1,1997. REUTER
      REUTER  -  43 words
    • Article
      Lock icon China executes 2 for slaying S'porean
      89 6 HONGKONG AFP TWO Chinese men have been executed in China's southwestern city of Chengdu after being found guilty of murdering a Singaporean businessman three years ago, Wen Wei Po newspaper reported yesterday. Guan Jiqi and Peng Liang were executed on Wednesday after the court
      AFP  -  89 words
    • Article
      Samhwan pulls out of US$400m Ho Chi Minh sports city project
      357 6  -  SINGAPORE Korean firm doubts project's viability; replacement found By Harish Mehta SOUTH KOREAN conglomerate Samhwan has pulled out of a US$4OO million (***** million) project to develop a massive sports city in Ho Chi Minh City due to concerns
      357 words
    • Article
      Lock icon Direct China-Taiwan shipping link planned
      208 6 HONGKONG AFP CHINA is to announce soon administrative regulations governing direct shipping links with rival Taiwan, a Bei-jing-backed newspaper reported yesterday. The regulations on the direct shipping link with Taiwan will come into force upon promulgation, Wen Wei Po, citing relevant officials in the central
      AFP  -  208 words
    • Article
      Adverse economic data may keep Japan's rates low
      432 7  -  TOKYO Mews cheers markets nervoos about Bank of Japan hiking short-term rates en strong GDP fignres Byi Anthony Rowley LATEST official figures indicating an apparent setback in Japan's economic recovery have reinforced the chances of domestic interest rates remaining low, something which
      432 words
    • Article
      Lock icon Zhu calls for tough action to halt financial crime
      244 7 BEIJING Reuter CHINA'S economic tsar, VicePremier Zhu Rongji, has attacked corruption, financial crime and a string of fatal bank robberies, warning that tough action is needed to avert chaos in China's fledgling world of finance. Mr Zhu, who is in charge
      Reuter  -  244 words
    • Article
      Lock icon Firms to sue govt for axing aid scheme
      186 7 SYDNEY AFP SOME of the firms which lost Asian contracts because of the Australian government's controversial axing of an aid scheme are planning to sue in a multi-million dollar action, their lawyers said yesterday. Cancellation of the Development Import Finance Facility (Diff)
      AFP  -  186 words
    • NOTE Book
      • Article
        Lock icon China to joint venture in 3 sectore
        35 7 AFP {BHJINQIChttKWffI not approve any bw jjofat wptnras ovsr-gupptytaj the market Authorities have warned At Jbreign firms that invsstmsnts In these fields ars going intoafllarket expected tobesaturated by3oo&--AFP-
        AFP  -  35 words
      • Article
        Lock icon Thai cabinet set for Tuesday
        49 7 AFX-Asia IBAwOsObj a cabinet reehiaile naabasoscrwainan fnr Tuesday sfter the Prachakorn Thai Party (PCP) agreed to refoin the government ooalltkm, the Mrtiow dally said. Ths reehvfße will be necessary to reinstate PCP MPsto Tr I government posts. -AFX-Asia x-, w jtjw. A. xjkL. ;&>, 'jl.
        AFX-Asia  -  49 words
      • Article
        Lock icon Chinese given nod to send cash everseas
        53 7 AFP [BHJINO} Chinese cltiwns will be allowed to send luurd at*«ad as part of row foreign eichangs isfbrms affective July l, the Xinhua news agency said yesterday. Th« new regulation la mainly aimed at overseas studsnts who need financial rapport from their families
        AFP  -  53 words
    • Article, Illustration
      Lock icon Still cut out to lead?
      63 7 [NEW DELHI] Giant cut-outs offormer premier P VNarasimha Rao (centre) are flanked by his predecessors Indira Gandhi (Irft) and Rajiv Gandhi at a New Delhi intersection on Thursday. Mr Rao celebrated his 75th birthday yesterday as rivals hone up a campaign to oust the leader
      AFP  -  63 words
    • Article
      Lock icon Lawyers seek truce in war over Bakun dam
      332 7 KUALA LUMPUR Trih*lreri4ont«to haJt court action if assured that Ekran has stepped werk Reuter LAWYERS for tribal residents near the giant Bakun dam said yesterday they would halt court action against dam builder Ekran Bhd if given assurances that work on the
      Reuter  -  332 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      230 6 Invest in Tike Future Of Emerging MLarkets-Glolhally The Templeton Investment Funds Emerging Markets Fund accesses the potential of emerging markets. For the first time, Singaporeans have the opportunity to invest in such young and dynamic economies not just in Asia, but all over the world, through a professionally managed Singapore
      230 words
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      Page 6 Advertisements Column 2
      23 6 "For real-time stock information, call £uickstock to* at 90 centp a minute. Stock nuMcrs ate in of The JSusinem Times and UanJe Zaobao."
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  • Page 7 Advertisements
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      848 7 m Bank off America NATIONAL TRUST ANO SAVMGS ASSOCIATION AND SUBSBMNES CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF EARNINGS (US Dollar amounts in thousands) (US Dollar amounts In thousands) December 31 December 31 1995 1994 1995 1994 Assets Interest Income Cash and due from banks 9,221,000 8,910,000 Loans inckxfina fees 6
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  • REGION/WORLD
    • Article
      Lock icon Bid to overturn renewal of China's MFN status fails
      267 8 WASHINGTON But the number of House members who voted to revoke China's MFN status doubles AFP Reuter THE US House of Representatives rejected a bid on Thursday to overturn President Bill Clinton's renewal of China's preferential trade status after heated debate
      AFP; Reuter  -  267 words
    • Article
      Lock icon Firms worry about life after polls
      373 8 MOSCOW Corporate giants say they need more than Yeltsin re-election to prosper: analysts Reuter RUSSIA'S corporate giants, in the throes of restructuring and hungry for economic growth, need more than the reelection of President Boris Yeltsin to prosper, company sources and analysts said yesterday.
      Reuter  -  373 words
    • Article
      Lock icon Labour hit by plans to call referendum on devolution
      236 8 LONDON Party suffers severe criticism and two resignations AFP TONY Blair's opposition Labour party was hit by two resignations and severe criticism from both inside and outside the party on Thursday over new plans to call a referendum on Scottish and
      AFP  -  236 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1024 8 ingJ^bank Registered Office: De Amsterdamse Poort 1102 MG Amsterdam Zuidoost, The Netherlands BALANCE SHEET AS AT 31 DECEMBER 1995 PROFIT AND LOSS ACCOUNT FOR 1995 AFTER APPROPRIATION OF PROFIT Consolidated Consolidated IMS 1994 1996 1994 (In millions of guilders) (in millions of guilders) Interest income 17,267 16,696 ASSETS Interest expense
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      Page 8 Advertisements Column 2
      374 8 B. AMERICAN EXPRESS BANK (a ■■■»< MfeaMary af Amrlcaa Ciwpiy) Wort* hJd!c!wlZM NT lOMsTk*) Branch I* Co%ar femora MM SIS4SU Ua RSI 171 CMAMiaiMffXIMK SMGAFOM REPORT OF ERNST YOUNG LLP INDEPENDENT AUDITORS Tho Board of Director* Amorican Express Bank Ltd. We have audited the accompanying consolidated balance sheets of American
      374 words
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      Page 8 Advertisements Column 3
      374 8 CONSOUDATED FINANCIAL STATEMENTS YEAR ENDED DECEMBER 31, 1995 CONSOLIDATED BALANCE SHEET (Millions of US dollars, except share data) December 31 IW 1994 Aiaeti Cash and noninterest-earning deposits with banks 259 268 Interest-earning deposits with banks 1,654 1,9(2 Federal funds sold M 362 Trading account assets -at fair value ft 218
      374 words
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  • THE WORLD
    • Article
      Lock icon G7 hails globalisation as opportunity, not threat
      494 9 07 SUMMIT LYON, Prance Leaders issue upbeat message on growth and agree to ease debts of poorest nations Reuter Bloomberg Business News THE world's seven leading industrial democracies, hailing globalisation as an opportunity, not a threat, issued an optimistic message of sustained economic
      Reuter; Bloomberg Business News  -  494 words
    • Article
      Lock icon Hashimoto urges drawing China into WTO
      148 9 LYON, France Reuter JAPAN'S Prime Minister Ryutaro Hashimoto appealed to fellow Group of Seven industrial nations to draw China into the world economic community rather than isolate it "China's early entry into the World Trade Organisation (WTO) would be a significant first step towards
      Reuter  -  148 words
    • Article
      Lock icon US GDP growth revised downwards
      234 9 WASHINGTON Bloomberg Business News US output of goods and services grew at a slower pace than previously estimated in the first quarter, reflecting a lull in export demand, government figures showed yesterday. The gross domestic product (GDP), rose at a 2.2 per cent annual rate,
      Bloomberg Business News  -  234 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1263 9 AMaMt S0230 1830 0F82 2055 SOI 1125 UA806 0700 OFK 1930 CX717 1235 CX710 0040 RJ187 0130 0665 1420 S0860 0915 H*****55 KU38 2300 3S Sg £g K S0AU5 0650 S03« 2330 So «5« MO 0f70 woo 0712 1440 wgwy FMBJ950 FMI4 1040 CX7TI 1925 0f77
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      49 9 You may have been unable to get your Business Times, Straits Times. Sunday Times. UanHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand latsfy. To ensure a daily copy, cal Customer Services Section on 1800-749-2577, and ask for home or office delivery service.
      49 words
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      Page 9 Advertisements Column 2
      1021 9 C.K. TANG LIMITED (Incorporated in the Republic of Singapore) ANNOUNCIMINT The directors announce the unaudited results of the Group and the Company for the year ended 31 March 1996 as follows:GROUP COMPANY 1995/96 1994/95 1995/96 1994/95 SS'OOO SS'OOO SS'OOO SS'OOO 1 Turnover 201,375 181,333 11.1 166,468 167,834 -0.8 Investment Income
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  • COMPANIES & MARKETS
    • Article
      Kmart quitting S'pore; move to cost Metro $ 17m
      584 10  - Kmart quitting S'pore; move to cost Metro 17m Local retailer posts 84% plunge in net profit to $lm amid increased losses, Transmarco absence By Jenny Lam (SINGAPORE] The tough retail conditions in Singapore have claimed another victim Kmart. Kmart Metro, a joint venture between Metro Holdings and giant US discount
      584 words
    • Article
      C K Tang's loss surges 57%, but chairman says worst is over
      369 10  -  Revaluation surplus of $212 million raises NTA to $5.96 By, Jenny Lam RETAILER C K Tang has reported a whopping 57 per cent increase in group net losses to $28 million despite an 11 per cent rise in
      369 words
    • Article
      Nikkei 22,000— no longer an unsurmountable peak
      818 10  -  HOCK LOCK SIEW Anthony Rowley RIDING the Tokyo stockmarket rally is like scaling Mount Everest. In an assault on the world's highest peak, base camps are indispensable. Likewise, the Nikkei index has settled at base camp 22 (or 22,000 points) before resuming its
      818 words
    • Article
      Lock icon SES' three new indices will be price-weighted
      459 10  -  By Paul Leo ALLAN [SINGAPORE] The three new indices to be launched on the Stock Exchange of Singapore on Monday SES Foreign Index (FI), SES Mainboard Index (MI) and SES Electronics Index (EI) will be priceweighted and their base year will be Jan
      ALLAN  -  459 words
    • Article
      Lee Suan Yew quits HPL board
      83 10 [SINGAPORE] Hotel Properties Ltd (HPL) announced yesterday that Lee Suan Yew has resigned as its director and audit committee member. The property developer said in a brief statement: "The board of directors of Hotel Properties Ltd has reluctantly accepted the resignation of Dr Lee
      83 words
    • Article
      Tuan Sing in $80m bond, FRN issue
      94 10 [SINGAPORE] Diversified Tuan Sing Holdings yesterday proposed to issue $80 million in bonds and floating rate notes to partly refinance its $104 million purchase of office space in John Hancock Tower. Tuan Sing appointed Schroder International Merchant Bankers to arrange and lead-manage the
      94 words
    • Article
      RANKING OF S'PORE COMPANIES BY MARKET CAPITALISATION
      2840 11 PREV CURR COMPAWY MKTCAP NO Of —CLOSING PRICE PE RANK RANK SHARES DEC29.95 JUN28.96 CHANGE RATIO CSSM) (INMLLNS) (INS) (MS) 1 B SingTel *****.6 *****.4 114 3.76 19.8 45.1 3 W SIA *****.2 1608.4 8.05 8.10 0.6 10.1 2W10CBC *****.5 1000.5 10.46 9.80
      2,840 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Singapore's market capitalisation up 6.6%
        662 11  -  Sing Tel retains top spot; number of counters with market cap exceeding $2b up from 19 to 26 Reports by Ven Sreenivasan [SINGAPORE] With just seven initial public offers (IPOs) during the first six months and stocks losing much of the gains made during the
        662 words
      • Article, Illustration
        Lock icon KL second board likely to continue attracting punters
        931 11 Dealers say there has been increasing institutional play on junior beard [SINGAPORE] A joke going around in stockbrbking circles has it that holiday-makers heading for Genting Highlands to flirt with Lady Luck might also want to try their hand at Kuala Lumpur's
        Source: Bloomberg  -  931 words
    • COMPANIES
      • Article
        MUI-PHB verdict may be near
        437 12  -  M'sun Securities Commission orders suspension of MUI, PHB and PCB; no reasons given From\ Ho Kay Tat in Kuala Lumpur THE Securities Commission (SC) yesterday ordered a suspension in trading in the shares of Malayan United Industries Bhd (MUI), Pengkalen Holdings Bhd (PHB) and Pengkalen
        437 words
      • Article, Illustration
        Diversified Resources' earnings more than double
        264 12  -  Prom Ruth Wong in Kuala Lumpur CLOB-LISTED Diversified Resources Bhd (DRB), the flagship of motor czar Yahaya Ahmad, saw earnings more than double for the financial year ended March 31, but still failed to meet market expectations. DRB's net profit was up 125 per
        264 words
      • Article
        Creative shares not affected by news of COO leaving
        245 12  -  fiy, Jennifer Lien [SINGAPORE] Creative Technology shares yesterday rose five cents to 18.95, unaffected by Thursday's sudden resignation of president and chief operating officer Chay Kwong Soon. In overnight trading on Nasdaq on Thursday, Creative shed 12.5 US cents (17.5 Sing
        245 words
      • Article
        Goldtron to raise $69.2 m from preference shares
        260 12 Funds to redeem or repay bonds, for RAO and working capital [SINGAPORE) Electronics group Goldtron Ltd has proposed to raise about $69.2 million through a preference shares rights issue. Most of the proceeds will be used to redeem or repay two $25
        260 words
      • COMPANY Briefs
        • Article
          Pertama's profit takes 78% dive
          51 12 [SINGAPORE] Pertama Holdings Ltd announced a plunge in net profit of 78.18 per cent to $536,000f0r the year ended March 31 due to difficult trading conditions. Turnover rose 7.16 per cent to $222.1 million. The directors have proposed aiftrst and final dividend of 5 per
          51 words
        • Article
          Nippecraft's earnings down to $1.2m
          42 12 [SINGAPORE] Nippecraft Ltd has turned in lower net profit of $1.2 million for the year ended March 31 against $2.06 million for the nine months ended March 31,1996. Directors have proposed a dividend of 3 per cent.
          42 words
        • Article
          More losses for Pacific Can
          38 12 [SINGAPORE] Pacific Can Investment Holdings Ltd has announced farther losses for the half-year to March 31 of $6.41 million from $867,000 previously on a 5 per cent Call In turnover to $25.07 million.
          38 words
        • Article
          20.7% earnings out for Casa
          35 12 [SINGAPORE] Casa Holdings Ltd says net profit fell 20.7 per cent to $2.45 million for the half year ended March 31 but turnover rose 52 per cent to $53.10 million.
          35 words
        • Article
          A deeper shade of red for Giken
          34 12 [SINGAPORE] Giken Sakata sank deeper into the red with a $4.6 million net loss for the year ended March 31, compared with $4.1 million a year ago.
          34 words
        • Article
          Eng Wah's profits halved
          38 12 [SINGAPORE] Cinema operator Eng Wah Organisation's net profit halved to just $680,000 for the year ended March 31. The directors have recommended a first and final dividend of 0.5 cents per share less tax.
          38 words
        • Article
          Lock icon Berjaya pre-tax profit slips 3.2%
          41 12 Bernama [KUALA LUMPUR] Beijaya Group Bhd posted a 3.2 per cent fell in pre-tax profit to M 5263 million (Ssl49 million) for the year ended April 30, in unaudited results yesterday. It blamed higher investment costs.—Bernama
          Bernama  -  41 words
        • Article
          Sin Soon Lee gets $150 m financing
          30 12 [SINGAPORE] DBS Bank has arranged a $150 million financing package for Sin Soon Lee Realty, the company's largest borrowing from the capital market.
          30 words
    • REGIONAL COMPANIES
      • Article
        Planet Hollywood moves into casinos
        388 13 It will set op two casino-hotel resorts in Vegas and Nevada with ITT Corporation [SINGAPORE] Nasdaq-listed Planet Hollywood International Inc in which Singapore's Hotel Properties has a 10 per cent stake is set to open its own theme casino resort hotels in a joint venture
        388 words
      • Article
        Lock icon C&W ready to shave stake in Hongkong Telecom: report
        246 13 Reuter [HONGKONG] Cable Wireless pic is prepared to sell a stake in its 57.5 per centowned Hongkong Telecommunications to a Chinese telephone company in return for better access to the mainland market, a local newspaper said yesterday. Quoting an unidentified source
        Reuter  -  246 words
      • Article, Illustration
        Lock icon Hoping for the light at the end....
        52 13 [PARIS] Thousands of shareholders in Eurotunnel trying to register in Paris on Thursday for the annual general meeting of the company. Some of the I,2oosmall shareholders that attended the AGM shouted in anger at the start of the meeting, creating a very tense
        AFP  -  52 words
      • Article
        Softbank to invest in Internet firms
        293 13  -  By 1 Toh Han Shih {SINGAPORE] Softbank will invest US$5OO million (Ss7oo million) in Internet companies, in addition to the US$2OO million already invested in Yahoo, said Softbank president Masayoshi Son. He was speaking at the Acer General Distributor Meeting in Taipei, Taiwan, last
        293 words
      • Article
        Lock icon Foreign party may buy 31% of China Airlines
        326 13 Government-linked shareholder to kick off divestment with sale of 10% stake Bloomberg Business News [TAIPEI] China Airlines' biggest shareholder may sell as much as 31 per cent of the Taiwanese carrier to help it expand abroad. The China Aviation Development Foundation is
        Bloomberg Business News  -  326 words
      • Article
        Lock icon Telstra to avoid price war on phone calls
        238 13 Bloomberg Business News (SYDNEY] Telstra Corp chief executive Frank Blount said he has no plans to get caught up in a price war with Australia's second-ranking phone company, Optus Communications, which broke Telstra's long-standing monopoly on local calls on Thursday. "You won't
        Bloomberg Business News  -  238 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Sumitomo worked with Chinese
        377 14 Trading house and Chinese govt firms tried to control world copper price in past decade: FT probe FT Reuter [TOKYO] Sumitomo Corporation, the Japanese trading house, worked in tandem with Chinese government companies in attempts to control the world copper price during the past decade, a
        FT; Reuter  -  377 words
      • Article, Illustration
        Lock icon US$ remains range-bound
        465 14 US$/mark: The strong buying interest that propelled US$/mark to a high of 1.5355 last Friday gave way to modest losses in the first four days of this week, with the unit trading to a low of 1.5172 by Thursday. Although neutral daily stochastics suggest that further losses
        Source:  -  465 words
      • Article
        Lock icon Criminal probe into Sumitomo case?
        297 14 Bloomberg Business News Reuter [TOKYO] Japanese prosecutors have begun a criminal probe into the Sumitomo copper trading scandal to see whether the Arm's one-time star trader defrauded the company, media reports said yesterday. This represents a sharp reversal of the Japanese government's previous stance that
        Bloomberg Business News; Reuter  -  297 words
      • Article
        MAS approval for Kleinwort Benson sales office
        318 14  -  S'pore equities sales office will be its enty trading outfit in region outside HE By Ven Sreenivasan [SINGAPORE] British investment house Kleinwort Benson has obtained the Monetary Authority of Singapore's (MAS) nod to set up an equities sales office in Singapore. The managing
        318 words
      • Article
        Cut in prime rate seen before year-end
        400 14  -  By[ Siow Li Sen (SINGAPORE] Banks here will cut their prime rate by 25 basis points before the end of the year, said ÜBS Securities economist Chia Woon Khien, who maintains her contrarian view despite a recent tightening of the interbank deposit rates.
        400 words
      • Article
        Lock icon Jobless data boosts Euroyen
        222 14 SXMEXReport Reuter [SINGAPORE] Bullish Euroyen markets received a farther boost yesterday following the release of data showing Japan's jobless rate rose to a record high of 3.5 per cent in May. Dealers said the figure, which compares with a 3.4 per cent rise in April, spurred
        Reuter  -  222 words
      • Article
        Lock icon CURRENCY REPORT
        174 14 AFP Reuter THE dollar climbed to 28month highs against the yen yesterday as worries of increased Japanese interest rates eased and a summit of industrialised nations praised the currency's recovery from record lows. The US currency, which has rebounded by over 30 per cent against the yen in
        AFP; Reuter  -  174 words
      • Article
        Lock icon Oil prices gain amid concerns about Middle East
        288 14 ENERGY REPORT Reuter [LONDON] Oil prices ended the week nearly US$l a barrel higher amid lingering concerns about signs of unrest in the oil-rich Middle East Gulf. But traders attributed the gains mostly to technical factors rather than a shift in oil
        Reuter  -  288 words
      • Article, Illustration
        Untitled
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        1,067 words
    • Article
      COMMODITY PRICES
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      1,415 words
    • Article
      Lock icon TOKYO
      1533 15 AFP HWttaMS JAPANESE share prices closed 0.1 per cent higher yesterday in quiet trading, with investors encouraged by the yen's decline against the dollar, brokers said. "Investors generally adopted a wait-and-see attitude ahead of the weekend and the Bank of Japan's branch managers meeting, which will start Monday," a
      AFP  -  1,533 words
    • Article
      WORLD STOCK MARKETS
      2153 15 JmH Naca *h A. A. Corp Adr 631/2 unch AS Ports 277 7 APPoy National 540 *121/2 ARM Lyons 453 *3 Amt 99 2 Argyll 344 *3 Asda Group 117 *3 ■ATM 502 *12 mcc 312 *2 BOC Group 923 WNWwi 5*4 5 ■TP 253 unch Bank
      2,153 words
    • Article, Illustration
      Lock icon HONGKONG
      1617 16 Bloomberg Business News PHaagSaig *18.45 STOCKS rose for the fourth time this week, reversing Thursday's loss, amid optimism that steady rates will help corporate earnings. HSBC Holdings pic, Hongkong Telecommunications Ltd and Wheelock Co Ltd pulled the 33-stock Hang Seng Index higher. A fall in US bond yields to
      Bloomberg Business News  -  1,617 words
    • Article, Illustration
      Lock icon CHINA
      608 16 Reuter Ushinjfliiiß Shire fata +&23 THE B shares ended up yesterday led by Pudong shares, with domestic investors confident of prospects of the economic zone, brokers said. The index rose 0.23 point or 0.44 per cent to 51.53 points on volume of 15 million shares worth US$4.2 million. Brokers
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  608 words
    • Article
      Lock icon TAIPEI
      338 16 AFP Reuter C3WP Index -30J5 SHARE prices in Taiwan finished 0.5 per cenUower yesterday as investors locked in profits. Retail investors lined up to take profit while foreign institutions picked up some petrochemical stocks, said Huang Ming-te of Kingtex Securities Co Ltd. The Taiwan Stock Exchange Weighted Price Index
      AFP; Reuter  -  338 words
    • Article, Illustration
      Lock icon JAKARTA
      644 16 AFP HOnpißtiMn *122 SHARE prices closed 0.4 per cent higher yesterday as sentiment was boosted by easing political concerns and the listing of heavyweight Lippo Kar awaci in the property sector, dealers said. "Foreigners sense that the Indonesian political scene is already more stable compared to two weeks ago,"
      AFP  -  644 words
    • Article, Illustration
      Lock icon BANGKOK
      793 16 AFP HSETMct +»J6 THAI share prices rose 0.8 per cent with strong buying in selected blue chip sectors on the last day of the quarter, dealers said. "About 25 per cent of trade was in big lots as investors rearranged their portfolios. The increased volume does not indicate an
      AFP  -  793 words
    • Article
      Lock icon MANILA
      305 16 AFP Qluih ♦IM3 PHILIPPINE share prices rose 0.6 per cent yesterday due to heavy buying of selected blue chips, analysts said. The Composite Index rose 18.73 points to 3,275.26 points. Turnover amounted to 12.87 billion shares worth 4.65 billion pesos compared to 19.04 billion shares worth 3.47 billion pesos
      AFP  -  305 words
    • Article
      Lock icon SEOUL
      355 16 AFP PfOwmagiteMg +3.48 SHARE prices closed 0.4 per cent higher on the Korea Stock Exchange following a five-day slump, led by gains in blue chips, dealers said. 'Today's gain was attributed just to technical buying after recent heavy losses in the absence of any good news," said a dealer
      AFP  -  355 words
    • Article
      SYDNEY
      580 16 43 AUSTRALIAN stocks managed a wafer-thin advance yesterday despite ending the last session of the financial year with a late fall. The All Ordinaries Index, closed 0.3 point up at 2,242.1. The All Industrials Index closed 0.6 point higher at 3,360.2, while the All Resources fell 0.1 point to
      580 words
    • Article
      Lock icon WELLINGTON
      254 16 Reuter FlVeDmgtoa 4l> THE NZSE-40 Index finished up 0.80 point at 2,096.23, on a fairly healthy volume worth NZ$7O million. Dealers said the market would probably open next week flat. Reuter «a rmm AN2 Banking 6.96 *0.0® 324*2 Advantages HMgi 1.60 unch ***** *»N»2Httnd(*) 3.19 uncti 036*4 MrNnZMMdl 4.65
      Reuter  -  254 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Blue chips show some life in late trading
        7706 17 inflation. Reuter, Bloomberg Business News f^Oßmpoatelaig LATE-SESSION gyrations resulted in a mixed finish for Kuala Lumpur share prices, with blue chips nosing into positive territory by the closing bell. An evaporation of window dressing-related buying kept the market in the doldrums for
        inflation. — Reuter, Bloomberg Business News  -  7,706 words
    • WARRANTS & OPTIONS
      • Article
        Metroplex: vintage a better option
        3618 18  -  WARRANT WATCH -By Paul Leo PLAY seems to have switched from Metroplex's 1998 warrants to its 2000 warrants. Just a week ago, Metroplex 1998 warrants were among the favourites. Yesterday, the 2000 warrants were among the top 10 actives with a volume of 1.73 million
        3,618 words
    • Article
      CLOB INTERNATIONAL
      2104 18 Or Or WM Last Vai Bay LaatOaata Ot* Mv VM Nat M Cap Htgk Law St— Cm mm* Sala COOP) Hf> Law Bayar SaBar Cw P/I la* 55 moo aisosoc m adi s «oo 3* m tot u it m 027 «mli n M atSOOl AMOS 50c MS
      2,104 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
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        833 words
      • Article
        MAIN BOARD
        4480 19 «f ir m art KM Last Vai Day laatOiMta Mv Wv YM MM Cap A*g MHft U» StNo Cimpany 8«H rooo) HM6 low 8»yar «—f Cw P/t $ml Wo MOUSTMAIS JVM ASE NT$tO 200 US- 2V4 ws 1258 AcarSOc US194 cd »U 91 194 181 195 XON 7.S
        4,480 words
      • Article
        SESDAQ
        862 19 Or Or mm Ldd* Vd» Of UMOwte Wy Ok VM M Cm A*9 K" WW Ci—M> «H rooot I—1 td» »fr 8d8» Cw P/« >3 Pig Hlfflfl 12 £5? K 71 239 22* 22* 2» 10 143 ai 149.4 106.3 234 234 129 2001 Asidmdtrta 90c 130 -1 4
        862 words
      • Article, Illustration
        HOT STOCK
        72 20  -  -%1 Paul Leo DBS LAND will range between $4.50 and $5.10 in the short-term, with one final thrust towards the top end. With the daily and weekly Relative Strength Indices near oversold region, investors should look for buying opportunities. Buying interest is also returning to the property counter.
        72 words
      • Article, Illustration
        Activity focused on a few counters; SPH lifts index
        879 20  -  STOCK MARKET COMMHMTAIT Window dressing fails to materialise with caotion prevailing ahead of next week's FOMC meeting By Paul Leo (SINGAPORE] Local stocks were mixed yesterday with most of the activity concentrated on a handful of counters. "It was not very
        879 words
      • ON THE GRAPEVINE
        • Article
          Quick turnaround
          125 20 THE Stock Exchange of Singapore sent out a fax yesterday afternoon saying that its three new indices—SES Main board, SES Foreign and SES Electronics—would not be launched on Monday as scheduled and that it would announce the new date "once they are made available". Then Peter Teh, the
          125 words
        • Article
          Small investors plan big
          86 20 THE Malaysian Investors Association (MIA) don't want to be just the voice for the small investor. It has big plans, judging by a recent circular sent out in coi\junction with the organisation's 10th annual general meeting. Headed by Dr P H S Lim, the association has
          86 words
        • Article
          Update on property market terms
          90 20 At a recent talk on the property market, Jones Lang Wootton's executive director gave some recently coined definitions: n Specuvestors: people who buy into the property market after the anti-speculation measures introduced on May 14. Public Public Housing: Government-built HDB flats on government land. Public
          90 words
        • Article
          Oei Hong Leong vs red-eyed banks
          167 20 THE running battle between Oei Hong Leong and some "red-eyed" elements in Beijing has continued. The former Singapore-based asset trader, who was accused by the Beijing-based China Financial Times of making profits from China "empty handed", said a lawsuit is underway seeking 10 million
          167 words
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      226 10 The distinctive Uureato range.The award-winningTourbillon F pocket watch with three golden bridges.The famed Tonneau t The Business Times/ j chronograph.These are just some of the memorable 1 Special achievements by Girard-Perregaux in its over 200 years of ,29 June 1996 watch-making history. To commemorate the Olympic games. Girard-Perregaux i P
      226 words
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      1172 12 Deutsche Bank AG IZI (Incorporated In the Federal Republic of Germany) Consolidated Balance Sheet as of December 31,1995 In milllens of DM i1.12.tl t1.1t.94 In mlMloas si DM »I.IMI *1.12.94 Assets Liabilities Cash reserve 17,913 12,997 Deposits from otter banks 178,953 123,957 Placements with, snd loans Amounts owed to other
      1,172 words
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      Page 12 Advertisements Column 2
      442 12 VOCBCH Oversea-Chinese Banking Corporation Limited (Incorporated in Singapore) ANNOUNCEMENT OVERSEA-CHINESE BANKING CORPORATION LIMITED SCRIP DIVIDEND SCHEME On 20 June 1996, the Directors of Oversea-Chinese Banking Corporation Limited (the "Company") announced the application of the Oversea-Chinese Banking Corporation Limited Scrip Dividend Scheme (the "Scheme") to the final dividend of 11 cents
      442 words
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      52 13 HMMHJ® Jacuzzi on ~7 a Baskets to iQ~7 Grand entrance £~Q Newest tiles, Ar\ a balcony f H hold anything lO for an HDB JO woods, marble GET IT NOW! Times the Bookshops NTUC Supermarkets Kinokuniya 7-Eleven MPH STOP PRESS kiosks Cold Storage Shell Esso Caltex Mobil SPC BP smg»pon
      52 words
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      Page 13 Advertisements Column 2
      719 13 Consolidated Balance Sheet jk at December 31, 1995 (After profit appropriation) ASSETS (in nig millions) 1995 1994 Cash 1,188 3,451 Short-term government paper 3,012 2,698 Banks 43,686 40,058 D^ur'" 8 17 ?'5S KaDODauK Public sector lending 3,757 3,810 Private sector lending 189,772 176,052 K Interest-bearing securities 36,737 30,486 Croeselaan 18,
      719 words
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      139 16 Land Transport Authority Infoline s n Results I INP^IitlP COE Bidding Results Car Registration Number Availability. Wondering which share result An SPH AudioTex Service Available on 10th or 11th of every month. All you Availabk between Saturday and Wednesday each week. All you need is Call OUr non-1900 AudioTex Enquiry
      139 words
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      29 17 —7 7 BBK1jH9|K EK H^P 1 •<»* A\/A|| API C A.T j\f jf^iyPC'f /i jW#lv BBfey3fc "r; &v^v4».£i ...~?-^r*- mymilmpwc Mi ifyy>jaiAXYI/U rmWjwjfiii'■FBj 11WPW VkVKSf^^B ~*'.T.T.,*.!'-' 1 «z::.a*. >\~' v r" :...:»•>'
      29 words
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      25 18 Alfred Dunhill The Londinium UJ Glassies ta treasure since' /ffiS. Visit Q)iuiA(/l at tAe &arapon, ~\yee yOui (fity, ifopo- Qftgfflr/t City cuid Q)at/nanc jfianp' Court.
      25 words
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      66 19 gp I Company anniversaries. Official openings. Corporate achievements. Topping-up ceremonies. And other special events. They are a cause for celebration. Use them to increase your company profile by taking out a Special Feature in our group of newspapers. Talk to us! We'll be pleased to be your marketing partner. Joe
      66 words
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      128 19 lb: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Tel: 740-1493 Fax 740-2216 I wish to subscribe to the Quick Stock's Portfolio Manager as follows (pieaae tick the appropriate box; prices inetude GST). Subscription Period □12 months 6 ..oaths Q 3 month. atSs6o.ot atS$4OJO atSs2s.oo Payment
      128 words
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      294 20 BUSINESS Notices TO I)\ I 1M LSI! I I I'OLL-FRKK I<S(M)-74l INX3 This announcement appears as a matter of record only ju K SIN SOON LEE REALTY CO PTE LTD ADDITIONAL FINANCING PACKAGE OF Sslso MILLION Comprising Ssso Million Guaranteed Short-term Advances Facility Ssloo Million Multi-Currency Revolving Line Off Credit/
      294 words
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      Page 20 Advertisements Column 2
      102 20 la the Matter of the Ci mp a ill II Art Cay. S> And la the Matter of BEVERLY HILLS NATURAL PRODUCTS (SINGAPORE) PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308(2) of the Companies Act Cap. 50, that the Final Meeting of Members of
      102 words
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      Page 20 Advertisements Column 3
      7 20 Singapore Business -Giving you the winning edge
      7 words
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      Page 20 Advertisements Column 4
      776 20 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER OF DESIGNER'S POST DESIGN CONTRACTS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Al an hitraordinary General Meeting of Members of Designer's Post Design A Contracts Ptc Ltd duly convened and held at Blk 853 Hougang Central. •04-21. Singapore
      776 words
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      Page 20 Advertisements Column 5
      342 20 Singapore Closing Share Prices 28/06/1996 CLOSE PREV LOW HIGH tllll* uss uss uss uss Ml If Jardin© Matheson 7.35 7.00 7.00 7.40 t Jardin© Strategic 3.20 3.16 3.10 3.20 a \o66f I Oaky Farm 0.845 0.83 0.835 0.845 Hongkong Land 2.25 2:24 2.24 2.26 1 BMVVMm Mandarin Oriontal 1.40 1.40
      342 words
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      619 20 WINGTAI I WING TAI HOLDINGS LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF EXTRAORDINARY GENERAL MEETING I NOTICE IS HEREBY QIVEN that an Extraordinary General Meeting of the I Company will be held at Wing Tai Industrial Centre, 107 Tampines Road, I Singapore *****9 at 10.00 a.m.
      619 words
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  • Iseas Trends
    • Article, Illustration
      Lock icon Prosperity built on military strength
      942 21  -  Asia-Pacific countries as a group are not abandoning military force as a means of pursuing their goals, argues Denny Roy Denny Roy Dr Denny Roy is a Research Fellow at the Strategic and Defence Studies Centre at the Australian National University. MANY observers infer from
      AFP  -  942 words
    • Article
      The nature of future war in the Asia-Pacific
      1197 21  -  The prospect of meflinm-mtenaty conmct m the region is higgler than most people think By, J Mohan Malik Dr J Mohan Malik is Director of Defence Studies at Deakin University, Australia. MILITARY planners all over the world are grappling with the issue
      1,197 words
    • Article, Illustration
      Port of Singapore faces competition
      1074 22  -  Robert M Sohwartz examines some of the challenges which the Port of Singapore Authority will have to face Robert N Sohwartz Robert N Schwartz is a Visiting Associate at the Institute of Southeast Asian Studies. HAVING recently won three top Asian Freight Industry Awards for
      1,074 words
    • Article, Illustration
      At Century's End
      1073 22  -  BOOK REVIEW By] Diana Wong Dr Diana Wong is the Deputy Director at the Institute of Southeast Asian Studirt AS the second millennium draws to a close, there will be no dearth of voices seeking an audience for their reflections on the issues, not of the day,
      1,073 words
    • Article, Illustration
      Monarchy, the unifying force in Thailand
      913 22  -  Governments come and go in Thailand but the King is what keeps the country muted By I Syetarn Hansakul Syetarn Hansakul is a Visiting Fellow at the Institute of Southeast Asian Studies. THE outpouring of affection for King Bhumibol Adulyadej by the Thai people
      913 words
    • Article, Illustration
      Lock icon How Asean's newest member is coping
      975 23  -  Not all has been smooth sailing for Vietnam in its first year in Asean. Ptaam Cao Phone explains why Pham Cao Phong Pham Coo Phong is a Research Fellow tit the Institute of International Relations, Hanoi, Vietnam. VIETNAM became the seventh member of Asean
      THE STRAITS TIMES  -  975 words
    • Article, Illustration
      Lock icon Vietnam's state-managed industrialisation
      985 23  -  What is the economic impact of Vietnam's policy shift from market liberalisation to state-guided modernisation? By Carolyn L Gates Dr Carolyn L Gates is a Fellow at the Institute of Southeast Asian Studies. VIETNAM'S Eighth Communist Party Congress is likely to expand an already important economic policy
      REUTER  -  985 words
    • Article
      Japan and an enlarged Asean
      902 23  -  Japan's relationship with South-east Asia wfll change when Asean expands to inchide all 10 of the region's states &y\ Lee Poh Ping DrLeePoh Ping is Professor at the Faculty of Economics and University of Malaya^ ONE of the major problems {hat confronted Japanese diplomacy in
      902 words
    • Article, Illustration
      Hongkong ponders an uncertain future
      1056 24  -  There is a palpable uneasiness in Hongkong a year before it reverts to Chinese rule. Richard Halloran looks at the issue Richard Halloran Richard Halloran,formerly with The New York Times as a correspondent in Asia, writes about Asia from Honolulu. He recently visited Hongkong at
      1,056 words
    • Article
      Asia and Australia, recognising difference
      983 24  -  The relationship between Asa and Australia cannot be reduced to gib phraseology By\ Milton Osborne Dr Milton Osborne is a freelance writer and consultant on Asian issues based in Sydney. He is the author of seven books on the history and politics of South-east Asia,
      983 words
    • Article
      China, and the Law of the Sea Convention
      1564 24  -  Becent Chinese ratification of the United Nations Convention oo the Law of the Sea provides the basis for peaceful resolution of boundary disputes By\ Mark J Valencia Dr Mark J Valencia is a Senior Fellow in the East-West Center, Honolulu, Hawaii. ON
      1,564 words
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      200 21 Trends volume on power in the Pacific A VOLUME of essays from Trends focusing on the notion of power in the Asia-Pacific has just been published by Entitled The Evolving Pacific Power Structure, 261-page book features no less than 24 authors essays drawn from the first 65 issues of Trends
      200 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Back to school in Thailand
      1457 25  -  After generations of sending its offspring abroad to study, Thailand is trying a unique learning experiment that aims eventually to reverse the process. inn boyd takes a look at the prestigious international schools that are now moving into the country ALAN BOYD WHEN Wichien Panichrakul
      1,457 words
    • STRAWS In The Wind
      • Article
        It's play time, folks
        129 25 WHO'S Afraid of Chow Yuen Fatt? Quite a few people, it would seem, judging from one Saturday night's performance of the Desmond Sim play. Those who turned up at the World Trade Centre auditorium on time were miffed when at B.lopm they were told the show
        129 words
      • Article
        Unexpected hazards
        112 25 THE following are actual statements found on American insurance forms, on which car drivers summarise their accident details as briefly as possible: I collided with a stationary truck coming the other way. Coming home I drove into the wrong house and collided with a tree I don't have.
        112 words
    • THE GREAT SINGAPORE SALE
      • Article, Illustration
        Quick guide to good buys
        2667 26  -  Yes, if s that time of the year again when labels can be had for less and designer goods suddenly become a lot more affordable. But not all the top boutiques are taking part in the Great Singapore Sale, jamnsn finds out which shops are
        2,667 words
    • DESIGN
      • Article, Illustration
        Lock icon Soothing spaces
        1129 27  -  Chan Soo Khian's designs, which play on the themes of water, light and space, are invariably calming, subtle and sensible, omumiib khrk looks at some of Ins projects CORINNE KERK CHAN Soo Khian is definitely a man more comfortable with the language of design and architecture than with
        ALBERT LIM; CHRIS LOH; TIM NOLAN; PETER  -  1,129 words
    • Article, Illustration
      Seeking order from chaos
      602 28  -  CINEMA A man's search for his roots in Flirting With Disaster opens a Pandora's Box of comic misadventures By] Holly Harrison ALL THAT Manhattanite Mel Coplin (Reality Bites' Ben Stiller) wants is order. But all he seems to get is chaos. His father (George Segal) is
      602 words
    • Article, Illustration
      Intellectual minimalism
      681 28  -  TELEVISION Videofashion is populated by a large nnmber of fatuous twits and monstroos poseurs who rabbit on about nothing By\ Kevin Sullivan Monday night is fashion night! Whooppee! This week we were whirled around those Milanese catwalks, taking an in-depth look at Milan Mod-ness "as the Italian dsigners
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      Lock icon Recreating the spirit of Woodstock
      538 29  -  NIGHTSPOT The Psychedelic Pub in The Concourse is a most for all lovers of the'6os scene By, A Surendren FOR THOSE of us who went to Woodstock, either in person or in heart, and never came back, you can find a bit of it right
      A SURENDER  -  538 words
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      WHAT'S ON
      409 29  -  Compiled by Holly Harrison KI HI WHOM Proofn Stop by the Dr Earl Lu Gallery and see what's new in printmaking. On display are the latest works by members of the Contemporary Printmaking Association of Singapore. Till June 30 at the LaSalle-SIA College of the Arts, 90 Goodman
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    • EPICURE
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        Lock icon Oysters and more at The Wharf
        830 30  -  Pasir Panjang now boasts its own little oyster and seafood restaurant, with a menu thafs an eclectic selection of pseudo-Californian cuisine with Italian influences, jaimb bb checks it out JAIME EE PASIR PANJANG isn't usually the first place that comes to mind when you're
        PHOTOS BY CHRIS LOH  -  830 words
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        Ruyi's celbration of Hongkong flavours
        401 30  -  RESTAURANT Find out wky the Grand Hyatt Hongkong's cuisine is so popular with serious eaters in the colony By< Jaime Ee WHEN it comes to Cantonese cuisine, Hyatt's Ruyi isn't always the automatic choice. Not that the food there is bad, because it isn't. Blame
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        Taking a chance with old bottles
        933 30  -  s WINE CONNOISSEUR Even the greatest ef wines do not live forever, so be well-advised before polling out that cheque-book By N K Yong FINE WINES possess great longevity but they do not live forever, and buying old wines, however great their reputation, is
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      CINEMA
      1080 31 Bart Wire. Bay watch'B Pamela Anderson Lee is a leather-clad bar owner and bounty hunter in post-World War in America. IMo: 1.15; 6.30. Republic: 3; 9. Hougang: 3.30; 7.30. Jurong: 1; 5.15. !<■■§■< I Hi. Meryl Streep is a small town doctor whose son is accused of murdering his
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    • TRAVEL
      • Article, Illustration
        Lock icon Malls, music and monuments
        1626 32  -  S Whether you're there for a brief or extended stay, Jakarta has lots to offer m terms of shopping, sightseeing, food and nightlife, putatbi ar kuatu V takes you on a quick tour of the city's main attractions PARVETHI N NARAYAN HjHH HATdoyou Jakarta you t*
        KEVIN ORPIN; BHANGHI LA JAKARTA  -  1,626 words
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      5 25 Design Soothing spaces EL 3
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      103 25 Travel The malls, music monuments of Jakarta EL 8 nwrjtmm Fest rood. I i I Clam Lakes from New England, harhecues from Texas, fiery chilli cooking from the old South-West and a salmon run from Seattle, if you thought America only meant fast food, call 831 7250 and discover what
      103 words
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      142 26 I f USHINGTOXTI JLi m I IM \INMI l Nil V PSc7?fS M£>MbmLs Multi Grammy Award winning pianist, bandleader and composer O C it-a has assembled the ultimate all star line-up today in jazz to pay t't —.s!c of the legendary p'ano genius of the bebop era. Bud Powell D
      142 words
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      171 28 EXECUTIVE Appointments •TO ADVERTISE CALL TOLL-FREE 1800-*****83 lidveitisement Manager Ml is expanding, and we need dynamic people I i the with a keen nose fee BUSINESS >yn lite at HOME i» the realm of parents, rmiijes id NSmen If you fit the description, take up e challenge to join us
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      290 28 From 11.90aiii 2.30pm SO COME AND HAVE THE PLEASURE OF CURLING YOUR TASTE BUDS AROUND THESE XIAMEN DELIGHT! V— 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. SUMMER CAR KSTAUftANT SO Maraet
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      482 29 Where to wine, dine and entertain Magical /unto house I WEEKEND r r vt I: Jt 6 a celebration! o Delight the kids with a Bjfflj l treat this weekend 0 "Hocus Pocus" and spell bind them with mouthwatering ms3ft goodies. 1 MAGIC SHOW HIGH TEA o Every Sunday Adult:
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      141 29 uLi-^^^SB^BBBBMBBI Singa Inn, of coursc! Singapore's largest outdoor i| seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool breeze at the same time! sirsp m seafood restaurant Offers more than imt live seafood! 920 East Coast Parkway, Singapore 1344. Tel: 345 1111 mm Now
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      86 29 '-mem' 333 Orchard Boad. Singapore *****7. Tel: 737 *411 Chinese Art of j Healthy Eating" i A wide array of delicious herbal specialities prepared with the best selected herbs to enrich the body. For reservation, please call *****37. a a 317 Outram Road Singapore *****5 Td *****88 m 12 noon
      86 words
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      183 30 The" Business Times eiieareit A bold new look and a fresh approach to die news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. Deeper analysis of trends, and more opinion and commentary. Start my TheßusinessTimes lacivtii Subscription now $265.20
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  • Page 31 Miscellaneous
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      1907 31 TODAY'S TV ■in—IWB TIHWUIO I I MSeMlkTrtlrSurtaU. iOO AM TV Innovations. n Dangerous ™-r dnghtfor WKK« »HS£?£ divorce ui PM Goddess of the Forest M j2j. Movie Stan Of The (C. Opera Pt 2). 0086 John Griaham's The Century, 8.40pm, L4# HMMMn Client, 5.30pm, Ch 5 Premiere 12 2.00 Soccer:
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      Page 31 Miscellaneous Column 2
      243 31 RADIO PlokOf Tfce WorM, BBC, however, is very keen that his SaaiAyJJOMi son plays his football in Italy, Catch repeat performances of his mother Tatiana, a former some of the most memorable knife-thrower in a Russian moments of the past seven circus, wants him to represent days —perhaps an interview
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