The Business Times, 13 July 1996

Microfilm: NL20621
Total Pages: 24
1 24 The Business Times
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  • Title Section
    Masthead
    13 1 THE BUSINESS TIMES MITA (P) 04(V12/95 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, JULY 13-14,1996
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  • Article
    MARKET SUMMARY
    61 1 sra 280M2 (-13.71) n ITOOVP mm 2MJ6 (-11.43) n™ mm IM7JI (-10.34) gwdirarmmttB Friday Change KLSE COUP 1,1*17 421 NIKKEI 21.fK.4t 290.13 HANG SENG IMKJ8 -I18J7 SET INDEX 1.***** -1124 JAKARTA COUP ***** +92* MANILA COUP 2,***** 1232 taipei wn msm« SMS SEOUL OOMP ***** -717 CLfiA CHINA
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  • Article
    FINANCE
    70 1 maims bates uss s$ UK 1.411 f 1£64 1290 DM 0.668 1932 tHflll 0J08 12M 10 8.401 0*68 HK8 0.129 0.183 iwar o.o39 oom RtTttH m 0.043 UNI run tins SINGAPORE* 6.44 KlIALA LUMPUR. A15 JAKARTA 18.00 BANGKOK 11.75 MANILA 14.50 HONGKONG 8.75 TAIPEI ,_..8.00 SYDNEY. 10.75 TOKYIL.- ..180
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  • Article
    New exemptions for development charges
    543 1  -  Residential devts on former industrial land will be exempted subject to certain conditions Byi Catherine Ong [SINGAPORE] The Government yesterday gazetted new rules to exempt a wider range of property projects from having to pay development charges. A major change is that residential developments on
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  • Article, Illustration
    Lock icon There are lychees and there are lychees
    83 1 [SINGAPORE] This hawker at Queen street did not know what the Great Singapore Sale was all about but he did a roaring business yesterday. There was a regular flow of customers, with even a queue forming every now and then for his "loose"
    ARTHUR LEE  -  83 words
  • Article
    Amcol management to go back to major owners
    469 1  -  Current board asks major shareholders to name nominees by next Thursday Byi Conrad Raj [SINGAPORE] The management of Amcol Holdings is to be returned to its major shareholders even as the company's shares sank to a new low for the year. Exactly
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  • Article
    Lock icon Dow loses 26 points
    81 1 Reuter (NEW YORK] Wall Street stocks fell sharply for a second day yesterday as investors continued to shift money into cash and bonds amid jitters about the financial reporting season. At 1 pm EDT, the Dow Jones Industrial Average was down 26.23 points or 0.48 per
    Reuter  -  81 words
  • Article, Illustration
    $2.7b subsidy for second offer of Sing Tel shares
    645 1  -  If final subsidy is more, govt will increase the budget By* Chuang Peck Ming [SINGAPORE] Parliament yesterday approved a sum of 12.7 billion to subsidise a second offer of Singapore Telecom shares to Singaporeans at a discount. The final cost of
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  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      137 1 IMHUIM Is TOOT tiffing jtn? Naturopathy might just be the answer to your chronic back problem, ELI MEWS VALUE this pg. Could be either very good or very bad news good if it's a case of things can be returned to major shareholders so soon, or bad if it's a
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    • Advertisement
      Page 1 Advertisements Column 2
      36 1 Ties, scarf and pleated scarf, Jjj bath towel, ashtray, Hk enamelled objects. "Arceau" watch. ffitw "24. Faubourg" perfume. ,|vX«ij|sh Pair your name with HermEs' FOR CORPORATE GIFTS. ftdfh HERMES PARIS Corporate Gifts Department, Tel: 235 6555
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      Page 1 Advertisements Column 3
      21 1 Dr Hn rejects call* to ease property curbs, Pg 2 Seooad Sing Tel offer: analysts say deep discount unlikely, Pg 7
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  • SINGAPORE AT HOME & ABROAD
    • HOUSE Briefs
      • Article
        Just a question of time
        68 2 AN Electoral Boundaries Review Committee has not been appointed, said Prime Minister Goh Chok Tong. It will be appointed after his National Day Rally Speech next month, he told Opposition MP Low Thia Khiang when the latter persisted with his questioning. Exactly when? Mr Goh
        68 words
      • Article
        CPIB still working on Exxon bribery case
        65 2 THE Corrupt Practices Investigation Bureau (CPIB) is still doing follow-up investigation of a case involving an employee of the UK subsidiary of oil giant Exxon who had accepted bribes from Keppel Shipyard in 1994 and 1995, Prime Minister Goh Chok Tong said. The
        65 words
      • Article
        Extra $55 in rebates for 3-room homes
        77 2 THREE-room households in HDB flats will get $65 more in rebates, Finance Minister Richard Hu said. The amount is made up of a one-month increase in service and conservancy rebates of $25 and a rise in utilities rebates of $30. The increase, which
        77 words
      • Article
        Sentoiui Bill among 7 introduced
        69 2 SEVEN new bills were introduced yesterday. Among them: the Countervailing and Anti-Dumping Duties Bill and the Sentosa Development Corporation (Amendment) Bill. The first seeks to deter the dumping of goods from other countries that could harm local industries. The second will provide the Sentosa Development
        69 words
    • Article, Illustration
      Lock icon S'pore Sale really great: retailers
      382 2  -  By Jenny Lam RETAILERS are singing praises about this year's Great Singapore Sale, saying it was well-organised and promoted compared to the two previous ones. They told BT that they were ringing higher turnover in the first two weeks of the month-long event, with locals
      ARTHUR LEE  -  382 words
    • Article
      Packard Bell to decide on site soon
      324 2 PACKARD BELL will decide whether to site its Asia-Pacific manufacturing operations in Singapore or Malaysia within the next two weeks. Lim Huat Seng, vice-presi-dent and managing director for Asia Pacific said yesterday, that the Malaysian sites are likely to be in the northern
      324 words
    • Article
      CDL to market Commerce Point soon
      206 2 CITY Developments will start marketing its newest office building, Commerce Point in Phillip Street, for lease at the end of the month. Spa at' he 19 storey office towe; is to go for around >y pet sq ft per month. An analyst said: "$9
      206 words
    • Article
      Dr Hu rejects calls to ease property curbs
      434 2  -  PARUAMEMT Bplflving tfiA would be unfair to real buyers, minister tells House Byy Chuang Peck Ming FINANCE Minister Richard Hu stuck to his guns yesterday despite calls by Members of Parliament for a relaxation of some of the measures introduced in May
      434 words
    • Article
      Net rules apply to brokers that provide on-line news
      470 2  -  Those which charge for information will be licensed By Poo-Cheong Wai Ming Goh Ken Yi FINANCIAL institutions and companies which provide online news and commentaries on the Internet for a fee or other payment are covered under the new Net regulations.
      470 words
    • NEWS Roundup
      • Article
        Brother opens training centre here
        80 2 MAJOR electronic equipment manufacturer Brother International yesterday opened a $1.5 million training centre at Tannery Lane—the first outside Japan. It will train agents and dealers in servicing and maintaining products throughout Asia. South-east Asia managing director KatsuJi Iwatake said: "The demand for office equipment continues
        80 words
      • Article
        Cheow Tong to attend Apec meet
        96 2 THE Minister for Trade and Industry, Yeo Cheow Tong, will attend a two-day A pec trade ministers' meeting in Christchurch, New Zealand, starting this Monday. The meeting aims to provide initiatives which A pec can undertake as its contribution to the World Trade Organisation's
        96 words
      • Article
        Stop-work order on GQ Industry lifted
        71 2 THE Ministry of Labour's department of industrial safety has lifted its stop work order on GQ Industry's erection of two blocks of four-storey flats at the junction of Lorong Sarina/ Lorong Yasin. The site was found to have 12 types of unsafe conditions when
        71 words
      • Article
        Sing Tel throws down the gauntlet
        63 2 SINGAPORE Telecom's telephone service guarantee scheme comes into effect this Monday. Customers who fail to be get installation and maintenance of phone lines, IDD, call waiting and call transfer services within five days will get free local calls. For each day beyond the the
        63 words
      • Article
        Natas announces new committee
        62 2 A NEWLY elected executive committee of the National Association of Travel Agents Singapore (Natas) was announced yesterday. Kenny Goh, managing director of Ken-Air Travel Management Systems, replaces Robert Khoo as the association s new president. The eight-member executive committee, which will serve for two years, was
        62 words
    • Article
      21 new unit trust funds set to hit market this year
      395 2  -  Ponds with local nnit trusts up 32% in first five months By Shiv Taneja AT least 21 new unit trust funds are set to be launched before year-end as the Singapore fUnd management industry continues to grow at a
      395 words
    • Article
      Kuok group's Seletar Springs sole bid rejected
      218 2  -  By] Michelle Low THE Urban Redevelopment Authority (URA) said yesterday it has rejected the Kuok group's sole bid for a Seletar Springs land parcel tendered in May as "too low". Kuok's $33.9 million quote, or $89 per square foot, was the only bid
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  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      394 2 'I'MM WEATMIBK at "irr~ Showers over several areas in the late morning and early afternoon. Temperature (32-25) Ada r«i—ii HL/La* Oai Eorm Hi/La* OwL f Ht/Ls* CM AirUud 15/0* Swy Mrti I*l3 Cloudy Attanu 28/23 Cloudy Bangkok STH Suany Atom 3tT& Sumv BuraosAim 13/02 (loudv Ihftag 2&« (loudy Bnla 22/11
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        508 3 Those polled for their views on the Singapore stock market's outlook in the week ahead are: Alliance, Credit Lyonnais, Daiwa, Fraser, GK Goh, ING Barings, Merrill, Deutsche-Morgan, Nomura, Phillip. Gorttag btcnatimal Lfei (OIL) ♦GIL will be acquiring the remaining 50 per cent of the profitable casino operations
        508 words
      • Article, Illustration
        In My Opinion
        651 3  -  Salmani HE PAST few months I have certainly been X eventful for the local bourse. Basically, there has been no dearth of bad news. First, there was the disappointing corporate results season. As prices adjusted to the lower-than-expected earnings, fund managers shifted their attention to other regional
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    • Article
      Lock icon It's time for real estate funds
      810 3 With the US stock market not looking safe, investors have found a haven in real estate funds Bloomberg Business News [NEW YORK] Yes, the stock market boom proved a bonanza for many stockholders last year and much of this year. Now with many stocks
      Bloomberg Business News  -  810 words
    • Article, Illustration
      Recovery over? BT Golf Index slips 1.5%
      345 3  -  By\ Shahiron Sahari [SINGAPORE] The Business Times Golf Index slipped slightly in June, possibly signalling the end of a short-lived recovery in the golf membership market. The BT Index, which tracks the advertised membership prices of eight Singapore golf and country clubs, went
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    • Article
      Unit trust performance ranking
      713 3 Next publication date: Aug 10,1996 Uamk lm/ik tm/to lyr lyw Iff h—fc 111 »Hw itki lyr Iffi lyw HOjinKHH mrn*mm*»*%wm ft ft 9KS2?SlJS" 2««7/K? H i 15 i "2?! i8f 3 85 j "si® 2 aft a2 l ?i? I *v! i J 1 OCTCStven Capital
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    • Article
      Standard Chartered's unit trust reward-risk rankings
      482 3 ANNUALBBD ANNUAUSBD 3 YRS/ DATA RETURN ROR/RKWARD INCEPTION Singapore Equity Funds ""roS 'EE 55 2 caimoky UOBUHftmd Jill 86 18.81 Ml 76.78 C Oaca>wr»OMUir—d Jul 87 15.69 MT 59.03 C antPTfcguity Feb 80 11.97 HT> 43.85 CL«Bppore growth Sep 70 16.04 IH 59.93 P
      482 words
    • Article
      UOBAM funds top survey
      240 3 [SINGAPORE] It is not hard to see why UOB Asset Management has emerged as one of the most successful unit trust managers in town it is ranked tops in virtually every category in a new survey. The survey, conducted by Standard Chartered Bank's investment services unit,
      240 words
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  • REGION
    • Article
      New team to push privatisation
      413 4  -  JAKARTA High-powered panel will formulate policies and prioritise state firms that are ready for listing Reports by S N Vasuki THE Indonesian government has formed a high-powered team to supervise the privatisation of state-owned enterprises in view of the process slowing down. The team, comprising
      413 words
    • Article, Illustration
      Lock icon Malaysia sees trade deficit shrinking by 22% this year
      346 4 KUALA LUMPUR Reuter MALAYSIA'S trade deficit is expected to shrink by 22.3 per cent to M|7.14 billion (Ss4 billion) from M 59.19 billion in 1995, the Ministry of International Trade and Industry said yesterday in its annual report. Total imports are
      Reuter  -  346 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1602 4 CHY FU6HT ETA FLIGHT ETP Hanoi VH741 1310 S0176 1105 AMIdo S0230 1830 S0I75 WO VW740 1410 dfll W30 Hat Yal MI893 1405 TG408 0820 A— KJW7 OOP T6407 2105 IM94 1040 Amsterdam RL843 0455 K1838 2300 MnMm S0977 1655 S09T8 0130 0125 0650 SO346 2330
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    • Article
      10-year tax holiday for selected industries
      220 4 IN A bid to speed up industrial growth, the Indonesian government will introduce a scheme granting a 10-year tax holiday for companies investing in certain industrial sectors. Although details of the scheme will only be announced later, indications are that local joint ventures with
      220 words
    • Article
      Lock icon Malaysian brewery to be part of Myanmar venture?
      267 4 BANGKOK AFP LEADING Myanmar businessman The in Tun hopes to sign a deal with Malaysia's Asia-Euro Brewery after Danish brewing giant Carlsberg pulled out of a brewery project, the Bangkok Post reported yesterday. Mr Thein Tun told the newspaper he was negotiating
      AFP  -  267 words
    • Article
      Lock icon M'sia to focus on high-tech, capital intensive industries
      348 4 KUALA LUMPUR Rafidah tells of five-year master plan which will be unveiled by early Oct AFP MALAYSIA is to unveil a fiveyear plan to focus its economy on high technology and capital intensive industries, International Trade and Industries Minister Rafidah Aziz said
      AFP  -  348 words
    • Article, Illustration
      Lock icon Time for rebuilding
      59 4 [SEEM REAP, Cambodia] Buddhist monks, living in a monastery in the grounds of the ancient Angkor Wat temple complex, work on the roofof their new school house last week. After two decades of war, the people of Cambodia are now trying to rebuild the country's crippled economy
      REUTER  -  59 words
    • Article
      Lock icon US, Vietnam want to add zest to ties
      181 4 HANOI Reuter THE United States and Vietnam, a year to the day since normalising relations, vowed yesterday to add zest to their slow-moving economic and strategic ties. 'This is an additional milestone which helps consolidate our friendship," Communist Party secretary general Do
      Reuter  -  181 words
    • Article, Illustration
      Lock icon Suharto faces thorny political issues
      377 4 JAKARTA Megrar&tiakty problem to be tackled on his return: analysts Reuter PRESIDENT Suharto faces some tricky political issues on his return to Indonesia with a clean bill of health, but the economy remains robust despite market jitters before he left for medical tests in Germany.
      Reuter; AFP  -  377 words
    • Article
      Lock icon Military denies role in Megawati ouster: paper
      189 4 JAKARTA Reuter INDONESIA'S powerful military denied that it had played a role in ousting Megawati Sukarnoputri from the leadership of the Indonesian Democratic Party (PDI), a newspaper reported yesterday. A government-backed rebel congress elected Deputy Speaker of Parliament Suijadi as the party chief
      Reuter  -  189 words
    • Article
      Hashimoto picks six areas for economic deregulation
      549 5  -  TOKYO Move significant as it prioritises a manageable number of areas for action, say analysts By. Anthony Rowley JAPANESE Prime Minister Ryutaro Hashimoto yesterday instructed colleagues to prepare economic deregulation measures in six areas financial services, distribution, telecommunications, land and housing, employment, and
      549 words
    • Article
      Lock icon Japan pledges new chip pact, says US
      215 5 WASHINGTON Bernama-Kyodo JAPANESE Prime Minister Ryutaro Hashimoto has promised US President Bill Clinton a new government-level semiconductor agreement by July 31, acting US Trade Representative Charlene Barshefsky said on Thursday. But she said an agreement "would be unlikely" when she meets Japanese International
      Bernama-Kyodo  -  215 words
    • Article
      Lock icon Lee vows no post-1997 HK pullout
      279 5 TAIPEI Taiwan-funded organisations in HK to stay after colony reverts to China Reuter TAIWAN'S President Lee Teng-hui vowed yesterday not to withdraw state-funded organisations from Hongkong after the British colony's 1997 handover to China. "Our organisations must stay (in Hongkong) in the name of
      Reuter  -  279 words
    • Article
      Lock icon China says Anson Chan too westernised: report
      310 5 HONGKONG AFP CHINA considers Hongkong's chief secretary Anson Chan to be "too westernised" for the job of chief executive in the territory's post-1997 government, a report said yesterday. Ms Chan informed British officials during a visit to London earlier this month that she
      AFP  -  310 words
    • NOTE Book
      • Article
        Lock icon NZ govt loses Equiticorp claims case
        70 5 Reuter [WELLINGTON] The New Zealand government yesterday lost one of the largest damages claims in the country's history over its sale of New Zealand Steel to collapsed investment company Equiticorp in 1987. After a 13-month civil case Justice Robert Smellie ordered the government to
        Reuter  -  70 words
      • Article
        Lock icon Senior party members want Rao to quit
        47 5 Reuter [NEW DELHI] Senior members of India's Congress party said yesterday their leader, former prime minister P V Narasimha Rao, should quit. Mr Rao's resignation could affect the ftiture of the six-week-old government of Prime Minister H D Deve Gowda.—Reuter
        Reuter  -  47 words
      • Article
        Lock icon Celebrity graft oase: probe intensifies
        66 5 AFP [BEIJING) Authorities have intensified their probe into a huge corruption scandal that brought down the city's party chief and prompted the suicide of the deputy mayor, the Beijing Daily said yesterday. Chen Xitong, Beijing municipal party secretary, was forced to resign last April for
        AFP  -  66 words
      • Article
        Lock icon Tokyo confirms rocket launch plans
        40 5 AFP [TOKYO] Japan's space agency confirmed yesterday it would launch an experimental European satellite using an enhanced version of its H-2 rocket. The H-2A will launch the three-tonne satellite Artemis in 2000, it said. —AFP
        AFP  -  40 words
    • Article
      Lock icon Telstra may cut 9,000 jobs in next 12 months
      238 5 SYDNEY Bloomberg Business News TELSTRA Corp, Australia's state-owned telecommunications company, may cut about 9,000 jobs in the next 12 months as part of a cost-cut-ting drive to make it more competitive, chief executive Frank Blount said in a letter to staff.
      Bloomberg Business News  -  238 words
    • Article, Illustration
      Lock icon The art of leadership
      5 5 AFP
      AFP  -  5 words
    • Article
      Australia faces investment dilemma
      292 5  -  SYDNEY By I Surinder Singh AUSTRALIA'S economy is experiencing a very soft landing, but a question mark hangs over the sustainability of investment in plant and equipment, says a leading forecasting and market intelligence group. BIS Shrapnel economists Frank Gelber and Peter Jones said in their
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    • Article
      Lock icon Inflation seen rising but within govt's 10% target
      339 5 BEIJING Reuter CHINA'S inflation, down to a creditable 7.1 per cent in the first half, may rise over the rest of 19% but is not likely to top a government target of 10 per cent for the year, economists said yesterday. Higher
      Reuter  -  339 words
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  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      360 5 w The Straits Times Weekly Edition^^ to keep home sickness at bay. ii Are you following doctors' orders? N TheStrdiisTimes l r You may be a Singaporean going overseas and want to stay in touch with home. You may have children studying overseas and are concerned that they don't know
      360 words
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  • THE WORLD
    • Article
      Lock icon EU may strike back at US over Cuba act
      314 6 LONDON FT EUROPEAN Union foreign and trade ministers are due next week to consider possible retaliation against US legislation aimed at penalising foreign investors in Cuba. The legislation, rushed into law to punish Cuba for shooting down two US light aircraft
      FT  -  314 words
    • Article
      Lock icon Japanese taxes on imported alcoholic drinks unfair: WTO
      206 6 ■GENEVA Tokyo may appeal against ruling, says finance minister Bloomberg Busi ness News AFP THE World Trade Organisation has said Japanese taxes illegally penalise imported alcoholic drinks, including Scotch whisky and cognac, and enjoined Japan to end the discrimination. The ruling, only
      Bloomberg Busi ness News; AFP  -  206 words
    • Article
      Lock icon June's producer price index up 0.2%, retail sales down 0.2%
      525 6 WASHINGTON Mixed economic news suggests Fed can put off decision on whether to raise rates, say analysts Bloomberg Business News Reuter INFLATION bubbled up in June while retail sales posted the steepest decline in almost a year, government figures showed
      Bloomberg Business News; Reuter  -  525 words
    • Article, Illustration
      Lock icon Weathering Hurricane Bertha
      40 6 [MYRTLE BEACH, South Carolina] Myrtle Beach residents standing on top of wooden supports as they watch Hurricane Bertha surging in on Thursday. Bertha's eye was expected to crash on ashore the North Carolina coast yesterday afternoon. REUTER
      REUTER  -  40 words
    • Article
      Lock icon US Senate passes bill to help taxpayers in disputes with IRS
      231 6 WASHINGTON Bloomberg Business News THE US Senate sent President Bill Clinton legislation on Thursday to grant US taxpayers new power in disputes with the Internal Revenue Service. The president is expected to sign the measure into law, because he
      Bloomberg Business News  -  231 words
    • WO\rld Watch
      • Article
        Lock icon EU court refuses to lilt British beef ban
        58 6 Reuter [BRUSSELS] The European Court of Justice rejected yesterday a demand by Britain for the immediate suspension of the European Union's worldwide ban on British beef exports. It said the European Commission had the legal authority to impose the ban and the
        Reuter  -  58 words
      • Article
        Lock icon Charles, Diana, agree on divorce terms
        59 6 Reuter [LONDON] Britain's Prince Charles and Princess Diana yesterday agreed on the terms of their divorce, ending a 15-year royal marriage that once thrilled the world but which has ended in bitter public wrangling. Lawyers for the divorce proceedings would begin on Monday and
        Reuter  -  59 words
      • Article
        Lock icon France, Belgium warned over insurance
        64 6 Reuter [BRUSSELS] The European Commission warned France and Belgium yesterday they faced legal action unless they respected two key pieces of European Union legislation in the insurance sector. It sent a reasoned opinion to the French government urging it to implement in national law the
        Reuter  -  64 words
      • Article
        Lock icon Europe to fund Job creation projects
        47 6 AFP [DUBLIN] The European Commission has earmarked 25 million ECUs (5J35.3 million) for projects to create new jobs, it announced yesterday after an informal meeting on employment which called for particular attention to the problem of long-term unemployment in Europe. —AFP
        AFP  -  47 words
    • Article
      Lock icon Rothschild suicide raises succession issue
      490 6 LONDON Choice of next head expected to ha ve significant impact on bank's future reyter THE suicide of a leading member of the Rothschild dynasty has thrust family-owned merchant bank N M Rothschild Sons unwillingly into the limelight, raising questions over who will be its
      reyter  -  490 words
    • Article, Illustration
      Lock icon Former Italian PMs sent to trial
      213 6 MILAN Reuter FORMER Italian prime minister Silvio Berlusconi was charged with illegal political party funding yesterday and ordered to stand trial with the symbol of Italy's discredited old guard, ex-premier Bettino Craxi. Several top managers at Berlusconi's Fininvest media empire were also indicted, including
      Reuter  -  213 words
    • Article
      Lock icon Britain poised for a consumer boom without the bust
      328 6 ■LONDON Reuter BRITAIN is poised for its strongest period of consumer growth since the 1980s, but may still manage to avoid the destructive boom-and-bust cycle which has dogged its economy in the past, analysts say. Official forecasts of a pickup in
      Reuter  -  328 words
    • Article
      Lock icon US to push for tech trade liberalisation
      328 6 WASHINGTON Apec ministers' meet will also be asked to help root oat graft in govt purchasing Reuter AFP ACTING US Trade Representative Charlene Barshefsky said on Thursday that she hopes next week's meeting of Asia-Pacific trade ministers will help lay the groundwork for
      Reuter; AFP  -  328 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      CityDev sells 79 Pare Palais units at start of launch
      437 7  -  Analysts say number sold is encouraging for first-day sales in current market By] Michelle Low [SINGAPORE] City Developments sold 79 Pare Palais apartments yesterday the first day of the project's official launch. Analysts say the number represented an encouraging rate
      437 words
    • Article
      Second Sing Tel offer: analysts say deep discount unlikely
      386 7  -  By] Paul Leo [SINGAPORE] The government's offer of Singapore Telecom shares to Singaporeans later this year is unlikely to come with a deep discount, said analysts yesterday. But they were divided over the size of the impending issue, with some saying
      386 words
    • Article
      Sing Tel to invest $16m in Viet network
      364 7 Plan also far mobile phone and paging tie-up in Taiwan [SINGAPORE] Singapore Telecom yesterday announced two initiatives that would raise its profile in Asia. One is a $16 million investment in a mobile telephone network in Ho Chi Minh City. The other
      364 words
    • Article
      Unit trusts'growth—mature investors make the difference
      689 7  - Unit trusts'growth —mature investors make the difference HOCK LOCK SIEW Shiv Taneja IT WAS a particularly satisfying first six months for unit trust managers in Singapore, who collectively raised about $250 million from five fund launches, while an equal amount of fresh capital was injected into existing unit trusts. Satisfying,
      689 words
    • Article
      Small investors get half of Dovechem IPO
      270 7 [SINGAPORE] About half the new shares sold in the initial public offering of Dovechem Terminals Holdings will go to the small investor who applied for less than 10,000 shares. Dovechem offered 22.68 million new shares at 90 cents each comprising 25 per cent
      270 words
    • Article
      Pan Malayan call falls short
      97 7 [SINGAPORE] Mainboard-listed Pan Malayan Holdings said yesterday its three-for-two rights issue of 45 million shares was undersubscribed. It received acceptances for 38.9 mUlion rights shares and applications for excess rights shares of 1.1 million, totalling 40 mUlion rights shares 89.1 per cent of the offer.
      97 words
    • SINGAPORE & MALAYSIAN COMPANIES
      • Article
        Ekran associates get M$ 9b worth of Bakun contracts
        479 8  -  Comp&ny also an veils Msl.B4b cash-raising exercise through bonds, rights issue From, Ho Kay Tat in Kuala Lumpur EKRAN Bhd, project manager for the Bakun hydroelectric dam, on Thursday awarded Ms 9 billion (555.11 million) worth of contracts to four of
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      • Article
        Lock icon KL plans to merge market watchdog bodies
        209 8 NST [KUALA LUMPUR] The government plans to merge the Securities Commission and the Commodities Trading Commission to better supervise commodities and derivatives trading in the local capital market. Deputy Finance Minister Affifuddin Omar said a study is being undertaken by the Treasury to
        NST  -  209 words
      • Article
        ASA's 7.15 m placement shares fully taken up
        176 8 [SINGAPORE] Sesdaq-aspi-rant Advanced Systems Automation said yesterday that all 7.15 million placement shares priced at 86 cents have been fUlly taken up five days after its initial public offer launch. The company is also offering 21.45 million shares to the public at
        176 words
      • Article
        Annual Report Awards: field widens
        188 8  -  By R Sivanithy [SINGAPORE] The organisers of the Annual Report Awards (ARA) have widened the field of competitors this year. For the first time, companies that are incorporated elsewhere but which have a primary listing here are eligible to compete for the awards. Speaking at
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      • COMPANY Briefs
        • Article
          Book value of Aztech CD-ROM drives
          63 8 [SINGAPORE] Aztech Systems said yesterday that the book value of Its inventory of CD-ROM drives—finished goods and components—as at July 4 was $5.59 million. Aztech was responding to articles in The Straits Times and The Business Times, where analysts said if Creative Technology was
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        • Article
          Corrections and clarifications
          59 8 In yesterday's BT report "APB to sell stake in Myanmar brewery to F&N", we said Dutch brewers Heineken holds a 10.4 per cent stake in Asia Pacific Breweries. This is incorrect Heineken's direct stake in APB is 9.4 per centIncluding its indirect holdings, it has 42.5 per
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      • Article
        Computer firm to be unit of M'sian group
        246 8  -  CCube to serve as IT arm of a listed KL conglomerate By Kenneth James [SINGAPORE] Computer company Connected Computing Corporation (CCube) will soon become a subsidiary of a listed Malaysian conglomerate. It will be 51 per cent owned by the Malaysian group,
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    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        685 8 Vessel Voy No Berth Arrhial Depart vt Jmmtf hrt Bethesda 1 05/96 J12 alongside 12.07/0*00 Cement Ho«« MS J07 alonqside 15 07/1500 Emm 05/% J17 alongside 14.07/2100 Handy Jade 1 JOT alongside 13.07/2300 HMSI ***** J02 alongside 12.07/1200 Jiangiinqhai 9601 J04 alongside 13.07/1500 JuicM 31 02/96 J05 alongside
        685 words
      • Article
        CONTAINER SCHEDULES
        1680 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Boofcinq/MMc* Rstls Ship Voy Mo Etb/Btr Porkx) Fro* To From 4t* J*«t 2*4* M/MOO B 12/1500 12/145* 8/l*M 21 a/1700 U/049* I3A>*00 13/0700 U/09* 13/M00 4 13/1200 U/M9* 13/1700 tnUtm 0M4 MM M SMM M* B/BM 24 12/1700 13/045* 13/0*00
        1,680 words
    • REGIONAL & INTERNATIONAL COMPANIES
      • Article, Illustration
        Lock icon Technology stocks take a battering
        668 9 Pacific Stock Exchange Index sheds more than 4% on Thursday NYT [NEW YORK] The list of corporate casualties in the technology field is lengthening. It's easy to dismiss an Apple Computer or a Digital Equipment as companies bedevilled by problems of their own making. But
        NYT; Source: Bloomberg  -  668 words
      • Article
        Lock icon PC retailer Escom likely to go bust says administrator
        255 9 Bloomberg Business News [FRANKFURT] Escom AG confirmed that the administrator appointed to work out a rescue plan for the personal computer retailer considers bankruptcy for the holding company "probable". Talks were underway yesterday between Escom creditors and Frankfurt lawyer Bernhard Hembach,
        Bloomberg Business News  -  255 words
      • Article
        Lock icon Analysts still optimistic about future of US computer industry
        367 9 Poor results from HP, Motorola do not reflect overall trend AFP [WASHINGTON] The future of the US computer industry remains healthy despite a plunge on Wall Street on Thursday led by a hammering in technology issues, analysts maintained. They said disappointing
        AFP  -  367 words
      • Article, Illustration
        Lock icon A thirst for sports
        43 9 [ATLANTA] Tourists visiting the newly-opened Coca-Cola Olympic village here on Thursday. The village is one of several attractions set up in the city by official sponsors of the centennial Olympic Games which are scheduled to open on Friday. AFP
        AFP  -  43 words
      • Article
        Lock icon US investors buy record US$ 22b foreign stocks
        341 9 Bloomberg Business News [NEW YORK] US investors shovelled a record U5522.4 billion (5531.7 billion) into foreign stocks during the first quarter, betting low global interest rates would boost earnings in the world's fastestgrowing economies. The investment brought overseas equity holdings among American
        Bloomberg Business News  -  341 words
      • COMPANY Briefs
        • Article
          Lock icon Micron investor slashes stake
          80 9 Bloomberg Business News [WASHINGTON] John Simplot and his affiliates joined the sell-off in technology stocks by slashing their stake in Micron Technology Inc to 6.6 per cent. Mr Simplot, the founder of a potato processing empire, is a long-standing investor in Micron. The investment group sold
          Bloomberg Business News  -  80 words
        • Article
          Lock icon Reliance Industries to be prosecuted
          68 9 Reuter [NEW DELHI] India's Department of Company Affairs has ordered the prosecution of Reliance Industries for its involvement in a share switch scandal. Finance and Company Affairs Minister P Chidambaram told parliament yesterday. He said the department has asked the Registrar of Companies in Bombay,
          Reuter  -  68 words
        • Article
          Lock icon Swiss firms form new telecom company
          40 9 Bloomberg Business News [ZURICH] Six Swiss electrical power suppliers have formed a new company, Diax AG, to provide telephone services once Switzerland's 12 billion Swiss franc (5513.5 billion) telecommunications market is deregulated in 1998.
          Bloomberg Business News  -  40 words
        • Article
          Lock icon Russian energy firm to sell shares
          64 9 FT [MOSCOW] Gazprom, the Russian energy company with hydrocarbon reserves greater than Shell and Exxon combined, plans in October to offer up to 9 per cent of its shares internationally. The over-the-counter market in Moscow values Gazprom at about US$4 billion (555.6 billion). But
          FT  -  64 words
      • Article
        Lock icon JP Morgan 2nd qtr net income up 40% to US$ 440m
        250 9 Bank results defy fears of losses in Snmitomo debacle FT [NEW YORK] JP Morgan confounded speculation that it had lost US$lOO million (Ssl42 million) in the Sumitomo copper trading debacle as it posted second-quarter results well above analysts' expectations.
        FT  -  250 words
      • Article
        Lock icon Chrysler posts US$ 1B profit in 2Q as sales jump 27%
        284 9 Reuter [DETROIT] Chrysler Corp, reporting record quarterly sales, said yesterday it earned US$l billion (Ssl.4 billion) in the second quarter, up from US$l35 million a year earlier. The No 3 US carmaker said sales climbed 27 per cent to
        Reuter  -  284 words
      • Article
        Lock icon Monopoly loss: HK Telecom may accept payment in kind
        375 9 SCMP [HONGKONG] Hongkong Telecom (HKT) may accept a non-cash settlement with the government for relinquishing its monopoly over international telephone calls, says the company's chief executive, Linus Cheung Wing-lam. The company might accept payment in kind for giving up the exclusive
        SCMP  -  375 words
      • Article
        Lock icon China's stock markets expanding rapidly
        124 9 Reuter [SHANGHAI] China's Shanghai and Shenzhen stock markets have expanded quickly this year with combined market capitalisation surging to more than 600 billion yuan (5J101.6 billion), the Shanghai Securities News said on Thursday. By July 9, capitalisation in Shanghai had risen to 430.8 billion yuan,
        Reuter  -  124 words
      • Article
        Lock icon Plans for major market revamp
        245 9 AFP [SEOUL] South Korea announced a sweeping stock market liberalisation programme yesterday, including the free pricing and unlimited volume of initial public offerings (IPOs). The Ministry of Finance and Economy also said it would gradually raise the daily permissible stock price fluctuation band to 10
        AFP  -  245 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Japan bid to lessen forex risks
        519 10 Fears that the dated yen settlement system may cause failure of payments Reuter [TOKYO] JAPAN'S commercial banks and the central bank are struggling to reduce risks in foreign exchange transactions to avoid the impact of a default originating in Japan spilling over into markets
        Reuter  -  519 words
      • Article
        Lock icon China to offer 30b yuan worth of T-bonds
        150 10 AFP (BEIJING] China is to offer $0 biUion yuan (555.08 billion) in three-year Treasury bonds next month, the Ministry of Finance announced yesterday. The bonds will be issued from Aug 6 to 26 in three denominations —100 yuan, 1,000 yuan and 5,000
        AFP  -  150 words
      • Article, Illustration
        Lock icon Long-term bulls maintaining low profile
        435 10 USI/mark: US$ failed to gain any momentum for the first four days of this week, keeping between 1.5193 and 1.5312. The short-term outlook remains mixed with crucial resistance and support still seen at 1.5490 and at 1.5105 respectively. A breach of either level is required
        Source: DBS Bank  -  435 words
      • Article
        Lock icon Higher premiums boost Lloyd's profit to record £l.lb in 1993
        549 10 Insurer expects same level of profit in 1994 Bloomberg Business News [LONDON] Lloyd's of London made a record profit of £1.084 biUion (552.38 bUlion) in 1993 because of higher premium rates and fewer catastrophes. Lloyd's reports its results three years
        Bloomberg Business News  -  549 words
      • Article
        Gajah Tunggal Group raises US$ 360m
        249 10  -  By< Conrad Raj [SINGAPORE] Indonesia's Gajah Tunggal Group yesterday formalised its US$36O million (Ssso9 million) loan facility for its Jakarta-based tyre company. The loan was not only the largest Indonesian corporate borrowing this year but also the largest in Singapore in terms of the
        249 words
      • Article
        Lock icon LME copper on the retreat
        228 10 Reuter [LONDON] Copper prices dived lower during yesterday's LME pre-market trading, as a smaller than expected decrease in warehouse stocks snuffed out an attempted technical bounce, traders said. Inventories fell 975 tonnes to 232,875 tonnes, against expectations of a decline of some 4,000 tonnes. This
        Reuter  -  228 words
      • Article
        Lock icon CURRENCY REPORT
        176 10 Reuter AFP TiJMidfrn THE dollar traded near session highs in late Europe after a day spent locked in tight ranges, but analysts warned that the US unit had little independent strength and was largely reliant on outside influences. The dollar was cheered by the slight gains on Wall
        Reuter; AFP  -  176 words
      • Article
        Lock icon Oil prices ease, but remain strong
        287 10 ENERGY REPORT Reuter [LONDON] Oil prices backed off after Thursday's sharp rally, but remained strong, holding above levels seen since the end of April. Benchmark Brent crude futures for August delivery on London's International Petroleum Exchange dipped to US$l9.Bl a barrel at 1620 GMT,
        Reuter  -  287 words
      • Article, Illustration
        Untitled
        1388 10 IMTBEBAMK CROSS EATB8 2 *S C$ »■> ECU Ffr D» NK$ Y« Won M$ Nk S$ Bid 5» IHS 8afct *1 tfSj f 1089 >£» J-43J 4(W 1206 1146 ***** HMO 0*74 6.463 1971 1156 27.985 20.804 1.124 3.471 0.996 ***** 20.170 0.511 OTS" »!2 082 H5 1751 1,08 25
        1,388 words
    • Article
      COMMODITY PRICES
      1765 11 WCOM FUTURES jui 12 MMKR (Mures dosing tsrtSJOea) RSS1 CONTRACTS cents/kg) Close Volume Open Morth Htqli Low Sttt (tonnes) Interest *"8* 188.00 188.00 187.50 50 1625 S«P 96 187.00 1790 0«t 96 185.50 185.50 186.00 50 3925 185.50 185.50 186.00 50 3925 0* 96 185.50 185.50 186.00 50
      1,765 words
    • Article
      Lock icon TOKYO
      1635 11 Reuter QNikkei 225 -236J3 STOCKS ended sharply lower yesterday, hit by Wall Street's fall overnight and selling related to the expiry of option contracts in the morning, brokers said. They added that shares, which touched a technical support level yesterday, were unlikely to fall further. The key Nikkei 225
      Reuter  -  1,635 words
    • Article
      WORLD STOCK MARKETS
      2368 11 LONDON Industrials *M2 *»l A. A. Corp Adr 602/6 -2 AS Ports 278 -2 AbDry National 571 unch Allied Lyons 435 -4 A«—r Q> 2 Argyi 346 Auli Group 118.400 -2.100 BAT Ind 479 -5 8ICC 312 -3 BOC Group 937 -1 BR Petroleum 597 unch BTR
      2,368 words
    • Article, Illustration
      Lock icon HONGKONG
      1714 12 Reuter Q Hang Seng -118.87 STOCKS ended sharply lower, after Wall Street's tumble overnight rattled investors and left them wary about the Dow industrials' performance later yesterday. The key Hang Seng Index dropped 118.67 points to close at 10,802.68. Turnover was HK$5.Ol billion. "We were generally affected by the
      Reuter  -  1,714 words
    • Article, Illustration
      Lock icon CHINA
      599 12 Shanghai B Share Index +OJ4 SHANGHAI'S B shares ended up yesterday on a technical rebound, but trading was dull with investors sidelined before publication of interim results, brokers said. The index rose 0.14 point, or 0.29 per cent, to 49.07 points on volume of 6.3 million shares worth US$2.B
      Source: Credit Lyonnsis Securities(Asia) Ltd  -  599 words
    • Article
      Lock icon TAIPEI
      346 12 AFP □WPlndn -20J3 SHARE prices in Taiwan finished 0.3 per cent lower as investors sold heavyweight financial issues. Losses caused by sellings of banking stocks wiped out gains posted by industrial issues, said Samson Chueh of President Securities Corp. The Weighted Price Index declined 20.93 points to 6,226.26. Turnover
      AFP  -  346 words
    • Article, Illustration
      Lock icon JAKARTA
      724 12 AFP Pi Composite Index +0.26 SHARE prices closed barely higher yesterday in thin trade with foreign investors sidelined amid an absence of incentives, dealers said. "It was pretty dull. Basically, the effect of the sharp falls on Wall Street was slightly balanced here by investors regaining some confidence following
      AFP  -  724 words
    • Article, Illustration
      Lock icon BANGKOK
      836 12 AFP D SET Index -UJ4 THAI shares prices fell 1.6 per cent in light trading yesterday following losses in New York and concerns about the stability of the Thai coalition government, analysts said. The broad-based Stock Exchange of Thailand (SET) Index fell 19.24 points to close at 1,206.94 points.
      AFP  -  836 words
    • Article
      Lock icon MANILA
      339 12 AFP Q Manila -11S2 PHILIPPINE share prices fell 0.4 per cent yesterday amid fears of a possible rise in US interest rates. "People are selling to cut (potential) losses as they fear a further decline in the market is inevitable," said analyst Henry Ong of Sapphire Securities Inc.' The
      AFP  -  339 words
    • Article
      Lock icon SEOUL
      419 12 AFP n Composite fatal -7.57 SHARE prices closed 0.9 per cent lower on the Korea Stock Exchange as sentiment was undermined by worries that the market might be set for further declines, dealers said. "Investor concerns about the economic outlook weighed down the overall market sentiment," said Chang Woo
      AFP  -  419 words
    • Article
      Lock icon SYDNEY
      626 12 Reuter QAD Ordinaries -24.4 AUSTRALIAN share prices fell 1.1 per cent yesterday as troubled resource stocks and a fall on Wall Street sent the local bourse tumbling to its lowest closing level in more than seven months. The All Ordinaries Index fell 24.4 points to 2,159.5, its lowest close
      Reuter  -  626 words
    • Article
      Lock icon WELLINGTON
      297 12 Reuter n Wellington -22JSi The NZSE-40 Capital Index fell 22.51 points to 2,099.53, with all market leaders posting losses. Outside them, Tranz Rail shed 15 cents to close at NZ$6.5O, while Bay of Plenty Electricity was up 10 at $8.20. Reuter MM m COOP) ANZ Banking 6 95 unch
      Reuter  -  297 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Shares end flat as profit-taking seeps in
        7970 13 international calls. Reuter, Bloomberg Business News PI Composite Index +030 PROFIT-TAKING after several exuberant sessions this week brought Kuala Lumpur shares to a nearly even finish yesterday. Second Board shares especially toned down their performance, with the index ending 0.44 point firmer at
        international calls. — Reuter, Bloomberg Business News  -  7,970 words
    • WARRANTS & OPTIONS
      • Article
        ILB: a different story now
        3438 14  -  WARRANT WATCH By\ R Sivanithy ON JUNE 5, we highlighted the new warrants on the shares of Malaysian warehousing firm Integrated Logistics Bhd (ILB) as being a good buy at M 51.75. This has proven to be an inspired find, with the warrants having shot
        3,438 words
    • Article
      CLOB INTERNATIONAL
      2313 14 Gr Or l*M Last Va4 Dty LaatOuvta Oh Mr Tit M MI0I L— Stna Cwmy Sata rOOO) H4g4» L— Buy SaOar Cw M us S S000 AtSBSOc 4Msc Mdi 40 422 442 4B 4H 10 15 OJ IV( 4244 m m as too) amobsoc s art M27 m
      2,313 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        988 15 TURNOVER fOOO) VALUE ('OOO) ClW TH1 Main CH> T«UI 26.261 29,642 55,923 92.858 55,768 148,623 3>90T 4,6*1 8,508 33,915 7,016 40.931 I***. U35 729 1.964 3.352 1.258 4.610 Propftll 3.451 26.152 29.603 23.500 31.705 55.205 1.542 1.542 3.872 3,872 583 583 1,737 1.737 W-* 2.746 14,734 17,480 4.614 13,468 18,082
        988 words
      • Article
        MAIN BOARD
        3172 15 Vat Day Last Ouota OU Ohr ytl Nat Cap Ava Law St No Campany Sala COOP) High Law 8«yar Saitar C'yt P/c J** Prtc, INDUSTRIALS 5146 ASENTSIO200 US- 214 165 1258 Acar 50c US183 xd *2 39 183 178 179 184 5.0N 7.5 1.0 IU 302 9 15
        3,172 words
      • Article
        SESDAQ
        464 15 stN. CIMM. ill! 4/ JJjL .°f L*« Ou*M f£ Mv YM NM cjp Aw| t,m#,ny COOP) M*»A Lm Buyer Mw Cw p/t Smti Prtct TftftftQ 289 218 2000 A8ftHM«s5c 226 u 2 1* <g 20OI AsXmatrli SOc 120 -2 62 128 120 116 124 2 2004 Aztech 47.5 uncb
        464 words
      • Article, Illustration
        HOT STOCK
        56 16  -  Shiv Taneja SRI HARTAMAS Corp Bhd, which closed yesterday at $1.07, down two cents on a volume of 1.5 million, is a buy at current levels. Both weekly RSI and Stochastks are very oversold, and the directional charts call for a buy. There is strong support at $1.
        56 words
      • Article, Illustration
        Dow plunge dampens fragile sentiment further
        888 16  -  STOCK MARKET COMMENTARY Market still hit by fears of poor corporate earnings; chart watchers hope Dow will stabilise to help STII cling on to 2,200 level By R Sivanithy [SINGAPORE] Cold winds that blew from across the Pacific yesterday chilled local investors for the
        888 words
      • ON THE GRAPEVINE
        • Article
          Puzzled PD
          87 16 WE HEAR that PD International, a building materials manufacturer, has received in-principle approval for a Sesdaq listing. But the company is not exactly ecstatic: it had applied for a mainboard listing. What's puzzling PD International, a 1995 Enterprise 50 company, is why with sales of over Ss7o million
          87 words
        • Article
          How to confirm a rumour
          114 16 A REPORTER checking on market talk of Singapore Telecom's tie-up with Taiwan Aurora Corporation called the latter to verify the story. After being passed from one Mandarin-speaking Aurora employee to another, he was finally put through to someone who spoke good English. The gentleman politely
          114 words
        • Article
          Still smarting?
          117 16 A FEW days after the Stock Exchange of Singapore announced auditor requirements for new listing applications, saying that international firms must be appointed for certain foreign audits, someone anonymously sent us copies of the front pages of two recent issues of the International Accountant Bulletin. One report was
          117 words
        • Article
          Part everything
          97 16 THESE days, developers are relying rather heavily on slick marketing to bring the buyers back. CityDev's lush advertising for its latest condo project, Pare Palais, took things to the limit. Pare Palais is, if the ads are to be believed, "part Bali, part Mauritius, part Bermuda, part Miami".
          97 words
        • Article
          A dog's life
          55 16 IT'S really a dog's life in Bangkok. It appears that a recent study 0f330 dead dogs found that two-thirds of them had black patches on their lungs, like those found on smokers' lungs, indicating they could have died from air pollution. Stray dogs have it worse; their
          55 words
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      55 7 oeve '°pme What to do with I if*. I g w r s.w JJ J ln surance I j cor npany j Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC Singapore Kinokuniya Shell BP
      55 words
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      51 12 Express yourself with unique French style. PARIS Waterman Le Man Rhapsody y—r\ Each has its own blend of rich and subtle colors and a solid 18k gold nib. "flTj Designed with the elegance that is the signature of Paris. L'expression personnels. Guaranteed for life. pen specialists. For more telephone: 1800
      51 words
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      67 13 pp 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
      67 words
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      30 14 JBHBBIMcOwav O.Y.L. Sales Service (S) Pte Ltd Tel: 250 2966 (Sales) 258 8698 (Service hotline) McQuay Air Conditioning (S) Pte Ud Tel: 356 6438 (Sales) 258 5165 (Service hotline) (^^^U^H^mjjJSHnHj^S
      30 words
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      Page 15 Advertisements Column 1
      9 15 ROY EASTERN WATCH. LUCKY PLAZA, #01-74, #01-86/87/88 ORCHARD ROADTEITjWDEUIXEEASTERNWA^^
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      Page 15 Advertisements Column 2
      129 15 To 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 (please tick the appropriate box; prices include GST). Subscription Period 1 L-1 6 months Q 3 months at 5560.00 at
      129 words
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      911 16 BUSINESS Notices i(> \i>\l|< I i s I: <\ I I roii-I K i i iso o -1 4 i is s < ACMA LTD (Incoprated in the Republic of Singapore) ANNOUNCEMENT THE ISSUE OF $100,000,000 PRINCIPAL AMOUNT OF 2.45% UNSECURED BONDS DUE 2001 WITH 41,356,146 DETACHABLE WARRANTS ("WARRANTS") TO
      911 words
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      Page 16 Advertisements Column 2
      552 16 Singapore Closing Share Prices 12/07/1996 CLOSE PREV LOW HIGH till## uss uss uss uss "Illy Jardine Matheaon 6.95 7.09 6.05 700 WfSkn JTdine Strategic 3.14 3.18 3.14 3.?S rjfiflflyj Dairy Femi 0.855 0.85 0.84 0.855 Hongkong Land 2.24 2.25 2.21 2.24 ■MVfPfffil Mandarin Oriental 1.40 1.44 1.38 1.40 Kflifcliligi Jardine
      552 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      When nature cures
      1353 17  -  Naturopathy might just be the answer for your constant back problem, amobla sua looks at the growing interest in alternative medicine ANGELA SNG WHEN the CEO of a local company consulted naturopath Robin Needes about his recurring back problem, one of the first things she did was
      1,353 words
    • STRAWS In The Wind
      • Article
        Lasting impressions
        106 17 How do you know when you've watched Independence Day one too many times? Here's how, according to David Let* terman: ♦Whenever a cloud passes in front of the sun,- you scream, "We're all gonna die!" ♦You refer to any car larger than a Miata as "The Mother Ship".
        106 words
      • Article
        Frank assessments
        96 17 WANT to know what students at the Massachusetts Institute of Technology felt about the classes they took? From the Internet, here's a selection of comments taken from the MIT Course Evaluation Guide: ♦This class was a religious experience for me I had to take it all on faith.
        96 words
    • BOOKS
      • Article, Illustration
        The ugly reality behind the Games
        1216 18  -  The Olympic Games is no great instrument of change. In fact it has more often than not fallen prey to propaganda, greed and prejudice, argues Andrew Jennings, shabbonsahabi reviews Jennings' latest book, The New Lords of The Rings SHAIRON SAHARI Think of the Olympic
        1,216 words
      • Article, Illustration
        An absence of cynicism fends strength to book
        650 18  -  Ch&racter Above All Ten Presidents from FDR to George Bush Edited by Robert Wilson Published by Simon 6 Schuster |45 pages, $25.70 Reviewed by] Kevin Sullivan THIS collection of essays examines the Osrticular bearing of individual character on the political conduct of
        650 words
      • Article, Illustration
        Serious subject given seedy treatment
        414 18  -  Eccentric Bizarre Behaviours By Louis Franzini and John Grossberg Published by John Wiley St Sons 234 pages, $29.70 Reviewed by Kevin Sullivan ECCENTRIC Bizarre Behaviours is an academic treatise dressed up as popular non-fiction. The blurb assures prospective readers that "the authors provide rare, often
        414 words
      • Article, Illustration
        There's romance, excitement and mystery
        604 18  -  Audrey Hepburn's Neok By Alan Brown Published by Pocket Books 290 pages, $30.62 Reviewed by* Chuang Peck Ming THIS is not a book about the American actress Audrey Hepburn but a lovely first novel about a young Japanese cartoon artist who is hooked on her
        604 words
    • DESIGN
      • Article, Illustration
        That special place called kitchen
        1808 19  -  Selecting a kitchen system that suits your personality and needs is not an easy task. coumiß rai gives some pointers CORINNE KERK AH, the kitchen. That special place which brings back sweet memories of mother's wonderful cooking, your own experimental—and sometimes failed culinary attempts, and
        1,808 words
    • Article, Illustration
      Lock icon An alternative home for Zeus
      398 20  -  NIGHTSPOT There's alternative music and a totally laid-back atmosphere at Zens Bar By. A Surendren IF you look hard enough, you can find the abode of the king of gods right here in Singapore. Along the same street as Wong San's and the Next Page.
      ERIC CHU  -  398 words
    • Article, Illustration
      A biased portrait of Nixon
      807 20  -  CINEMA There are flaws in this Oliver Stone movie, bnt it is still powerful in its own way, especially if taken as fiction rather than fact Ity] Holly Harrison IT seems awfully fitting that Nixon, a three-hour plus cinematic tome on the life of former
      807 words
    • Article
      Fashion Unlimited's script lacks style
      521 21  -  TELEVISION Host Junita Simon's use of cliches makes the programme painfully pedestrian By\ Kevin Sullivan IN last week's Fashion Unlimited (Ch 5, Saturdays Bpm) Junita Simon took a stab at analysing the global counterfeit problem. In the course of the show La Simon wore a
      521 words
    • Article, Illustration
      WHAT'S ON
      410 21  -  Compiled by Holly Harrison CUHTUHT Story Writing Contest On Singapore Family Values You can chase away your summer blues by doing something creative: write and then submit a story to the SPH and NTUC Women's Programme Department's story writing contest. Stories should be between 200 and 1,500 words
      410 words
    • EPICURE
      • Article, Illustration
        Lock icon Eating rich food without feeling guilty
        758 22  -  The Greenlife herbal restaurant offers high quality 'health/ food that actually tastes good too, says jadceee JAIME EE PERSONALLY, I have my doubts that eating baked scorpions, deep-fried ants and the occasional sea-horse steeped in wine or whatever can cure you of whatever ailments
        CHRIS LOH  -  758 words
      • Article
        Don't overlook top 1966 clarets
        880 22  -  WINE CONNOISSEUR They jure among the finest mature clarets still available at realistic prices compared with the top 1982s By. N K Tong AMONG the wines served at Seagram's 30th anniversary celebration were (appropriately) a few 1966 clarets which reminded me of how little we
        880 words
      • Article, Illustration
        Food court with a difference
        781 22  -  EATING OUT Bafflftft City's Marketplace provides a refreshing, upmarket twist to the food-court concept By, Jaime Ee SOMETHING about the newly opened Marketplace in Raffles City's basement makes me nervous. It could be the air of frenetic activity about it all those Shenton Way-types downing
        781 words
    • Article, Illustration
      CINEMA
      1063 23 Affairs. Richard Berry, Karin Viard and Vincent Cassell star in a film about the love games people play. R(A). Lido: 5.30; 12am. Jade, Oriental: 12am. Automatic. Boxing action flick, starring John Glover, JefFKober and Penny Johnson. Yishun, Bishan: 10.45; 12.45;2.45; 4.45; 6.45. Tampines: 10.10; 12.10; 2.10; 4.10. TW BMokfk
      1,063 words
    • TRAVEL
      • Article, Illustration
        Lock icon The many charms of Emerald Isle
        1351 24  -  Rugged landscapes, lovely countryside and a castle with a 'magical' stone await visitors who are not deterred by Ireland s changeable weather, reports maoimjjbiib mw MAGDALENE PHANG IT was chilly and we were wrestling the wind for control of our umbrellas; mist (it was
        ALL PHOTOS BY MAGDALENE PHANG  -  1,351 words
      • Article, Illustration
        A slice of Edinburgh life
        1075 24  -  The Scottish capital's cafes are unpretentious places that do an excellent job of serving simplicity By] Parveen Sandhu THE old castle perched on the edge of Castle Rock, eyeing Princes Street like a hawk. Haunting strains of bagpipe music, cutting through the cold. And, of
        1,075 words
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      7 17 Design Kitchen systems EL 3 BK A
      7 words
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      Page 17 Advertisements Column 2
      102 17 Travel The many charms of Emerald Isle EL 8 mm***IMBMB 4 Fest food. 4 Clam takes from New England, barbecues 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 Seasons
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  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      66 20 Theme Karaoke. j|| Pints subject to service charge J taxes including GST CalePiaza j "For real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao." For further information on which newsstands carry Her
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      Page 20 Advertisements Column 2
      7 20 mm 403 Jftvelock JteSm 733 QQU I^M«ub)Mtei^cNigitiri^goi4tM«inciudkioQBr.
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      Page 20 Advertisements Column 3
      64 20 m 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. SOMMCt CAT I
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      7 20 Singapore Business Giving you the winning edge
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      196 21 Where to wine, dine and entertain SPECIAL SET MENU J 35% off from the usual price! j For 10 persons with a complimentary 1,; bottle of white wine. J ■■I NOW; 6 O 1 O BY BSSB ONLY mm Uuil s32B -»l PALM SPRING: $213++ LONG BEACH UDMC SEAFOOD RESTAURANT
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      Page 21 Advertisements Column 2
      218 21 6TH JULY TO 14TH JULY 1996 Savour our delicious NONYA A PORTUGUESE BUFFET SPREAD and tempting home-made kueh kueh prepared by NONYA PORTUGUESE CHEFS from MALACCA. NONYA ft PORTUGUESE BUFFET LUNCH 12 NOON -2.30 PM NONYA ft PORTUGUESE BUFFET DINNER 6.30 PM 9.30 PM Adult: $25.00+++ Child 15.00+++ JUL APOUO
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      Page 21 Advertisements Column 3
      193 21 Have a Bubbly Sunday runc^ your Family <©> Only I $42.00* per adult; $19.00* per child ft I From 11am to 2.30pm Ti For reservations, I H call 731-7934. Vw, Free Parking ROYAL CROWNE PLAZA SINGAPOM I 25 Scotts Road, Singapore *****0. Tel: (65) 737-7966 Fax: (65) 737-6646 AN price*
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      Page 21 Advertisements Column 4
      128 21 Where can we bring dinner? Singa Inn, of course! Singapore's largest outdoor seafood restaurant offers you the opportunity to dine under the stars and enjoy the cool sea breeze at the same time! SIR6P \Ffil seafood restaurant Offers more than lust live seafood! 920 East Coast Parkway, Singapore 1544. Tel.
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      Page 21 Advertisements Column 5
      72 21 v -a A Bigger Better Tiinch MORE VARIETY excellent value HfjC SAME OLD PRICE KKQ^IV $13.80+++ (adult) BpSHjfl $B.oo+++(Child) Sat/Sun/Pubtk Holidays 15 noon to 5 pm 317 Outram Road Singapore *****5 Td *****88 ®SH 12 noon to 2.30 pm. Adult: $25.00*/ Child (below 12 yr»): $17.50* PHOENIX COFFEE HOUSE Hotel
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  • Page 23 Miscellaneous
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      Page 23 Miscellaneous Column 1
      2092 23 TODAY'S TV KBCOMMEMPED VIEWIHQ Nayagan. 0.00 AM TV Innovations. 12-20 AM Innovatlons: Rev MllSlV frnm five hundred Chinese oiutionry Horn. shop. iVIUDII/ 11U1I1 I a k»„««,,„u„«« 11-38 Chinese Wine and Cul- P' n B D labourers who are ture xao close. rtOXette shipwrecked on their way iajo pm Spirit of
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