The Business Times, 31 August 1996

Microfilm: NL20626
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    15 1 THE BUSINESS TIMES NIITA (P) 046/12/95 Internet: http://www.asial.com.sg/biztimes SINGAFORE WEEKEND EDITION, AUGUST 31-SEPTEMBER 1,1996 ...85c
    15 words
  • Article
    MARKET SUMMARY
    66 1 Para *****4 (-9 11) g*i stomp KJ 2120J6 (-2.44) mm 1087.52 (-0.51) gywingriMMCEs Friday Chuge KLSE COW 1118-57 +8.88 NIKKEI *****.90 486.26 HANG SENG *****.02 -169. IS Sit INDEX 1102.32 -127 JAKARTA COW H7 60 -142 MANILA COW 3220.71 +4.98 TAIPEI WPI __«00J2 -161 SEOUL COW ***** +1171
    66 words
  • Article
    FINANCE
    72 1 EXC8A1V6E BATES uss ss USI 1.406 1 lift? UK nr ei7t #*a vm OJO. ~.i.298 MM J.401 0.965 HKI #.129—L 0.182 BAHT 0J40 0.056 RUP1AH 100 0.04S 0.060 FHMB BATES SINGAPORE* .144 KUALA LUMPUR- 9.2S JAKARTA.. 18.00 BANGKOK U.25 WMJ) -1130 HONGKONG KM TAIPEI J.25 SyPNEJT 10.75 TOKYO 110
    72 words
  • Article, Illustration
    Lock icon Managers empowered to probe Amcol affairs
    619 1  -  Court orders judicial managers to give final report and find the reasons behind the company's failure Byi Conrad Raj [SINGAPORE] Following a day-long hearing which confirmed their appointments, Amcol Holdings' judicial managers immediately went into action by getting the High Court to direct them
    ALPHONSO CHAN  -  619 words
  • Article, Illustration
    Teng Fong to pump US$1.1b into Dalian property project
    492 1  -  Decision to involve SinO in Yinglifli Bay made after first visit to city by tycoon By Lu Ning [SINGAPORE] Tycoon Ng Teng Fong plans to pump, through his Hongkong-listed property group Sino Land, USSI.I billion (551.55 billion) into what will be
    492 words
  • Article
    SES to introduce audit committee guidelines
    430 1  -  Aim: To deter errant practices and provide early warning signs of mismanagement Reports by R Sivanithy (SINGAPORE] The Stock Exchange of Singapore (SES) is to introduce guidelines governing the roles and obligations of audit committees, said its president Lim Choo Peng yesterday. In his
    430 words
  • Article
    SES studying Internet trading
    200 1 [SINGAPORE] The Stock Exchange of Singapore is studying the feasibility of introducing trading on the Internet, although there are still a few technical constraints to be resolved. And to improve the current trading and settlement system, the SES will also soon announce details of an automated
    200 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      134 1 I I I I W I lifflw P-in mi\tm The CEO of Korean giant Ssangyong sees Singapore as a partner in the chaebol's expansion plans, BLS KBITS VALUE ♦ChyDrr parts 34% jonpbi mmnim, P8 7. Fantastic, with interim profits having leapt by 169% previously. IB fariM nark* btgrn u iaetrra
      134 words
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      Page 1 Advertisements Column 2
      19 1 Steps taken to allow creditors to vote on Sinar Mas deal, Pg2 How PW juggled two roles, Pg 4
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    • Advertisement
      Page 1 Advertisements Column 3
      30 1 AT HOME ANYWHERE IN THE WORLD Zegna Singapore Ngee Ann City, #01-07 tel: 735 8147 Isetan Scotts, Level 3 tel: 735 0539 k Hills ou i n fng I impur
      30 words
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  • SINGAPORE AT HOME & ABROAD
    • Article, Illustration
      Steps taken to allow creditors to vote on Sinar Mas deal
      647 2  -  Court dismisses HSBC Trustee's concerns, says there are legal remedies to valid complaints Reports by < Catherine Ong JUDICIAL managers of Amcol Holdings have taken measures that will pave the way for a meeting of creditors to vote on
      647 words
    • Article
      Unionists find life better today than a decade ago: surveys
      265 2 Only 3-4% feel they are worse off now than 10 years ago TWO spot surveys on unionists have found that most of them feel life is better today than it was a decade ago. In the first survey, 82 per
      265 words
    • Article
      Judge's advice to Amcol bondholders
      278 2 HIGH Court judge Lai Kew Chai yesterday told Amcol bondholders not to entertain "imaginary fears" or think the worse of the company's judicial managers. They should eschew such "proclivity to think that if you don't tell me, something must be wrong". Approving the application by
      278 words
    • Article, Illustration
      Lock icon Delphi plans to set up OHQ in S'pore as Asia-Pac sales soar
      362 2  -  By < Christopher Tan DELPHI Automotive Systems, the world's largest car parts supplier, Is seeking to set up an operational headquarters (OHQ) here to coordinate its fast-expanding Asian operations. The General Motors company hopes to attain OHQ status
      ARTHUR LEE  -  362 words
    • Article, Illustration
      Lock icon Invest in Thailand, S'pore businessmen urged
      501 2  -  Yeo Cheow Teng-led group gets red carpet treatment in Rayong From Loh Hui Yin in Bangkok THAI officials yesterday laid out the red carpet for Singapore businessmen to invest in the resource-rich country. Korn Dabbaransi, a former minister in the Chatichai Choonhavan government and
      WONG KWAI CHOW  -  501 words
    • Article
      Fund managers raise $24,000 for charity so far
      264 2 FUND managers have raised $24,000 for charity in conjunction with the inaugural Fund of the Year awards to be held next Thursday. Allied Phillip Asset Management, OCBC Asset Management, Schroders Asset Management, Nikko Capital Management, Morgan Grenfell Unit Trusts and UOB Asset
      264 words
    • NEWS Roundup
      • Article
        SM visiting China on working trip
        53 2 SENIOR Minister Lee Kuan Yew leaves today for a working visit to China. He will speak at the 21st Century Forum organised by the Chinese People's Political Consultative Conference in Beijing. He will also meet with senior Chinese leaders and visit Qingdao, Beijing, Zhengzhou,
        53 words
      • Article
        ST2 share offer now on Internet
        78 2 INFORMATION on the ST2 share offer is now available on the Internet's World Wide Web at http://www.ncb.gov.Bg/ cpf/st2. Users can find details of the share offer, as well as electronic versions of the authorisation form for overseas Singaporeans and the Share Ownership Top-Up Scheme
        78 words
      • Article
        Automation of claims for NSmen reliefs
        69 2 THE Inland Revenue of Authority of Singapore (IRAS) will automate the process for claiming the various NSmen reliefs, effective from the Year of Assessment 1997. This includes the $500 tax relief for the parents and wives of NSmen, given in recognition of their contribution
        69 words
      • Article
        S'pore, UAE sign taxation agreement
        98 2 AN AGREEMENT between Singapore and the United Arab Emirates (UAE) on reciprocal arrangements for the avoidance of double taxation entered into force yesterday. Signed on Dec 1,1996, its provisions shall have retroactive effect on income derived ori or after Jan 1,1992. Under these arrangements, a
        98 words
  • Page 2 Advertisements
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      376 2 THE WEATMMR Singapore: Showers in the morning and early afternoon. Temperature (31-24) Aate-PMtilc Hl/Lo* Gaud. Europe HVLo* Goad. America HVLo* Good. Auckland I.VOS (loudy Amsterdam «VU Cloudy Atiantt 27/19 Cloudy Bangkok 33/24 Showers Aiheas 29/19 Cloudv Buenos Aires 2MB Cloudy Be*ag 29/18 Tstorm Berlin 23/09 Cloudy Chicago 2X16 Sunny Bombay
      376 words
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  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        710 3 Those polled for their views on next week's Singapore stock market outlook are: Alliance, Fraser Securities, GK Goh, Deutsche Morgan Grenfell, Nomura, Phillip Securities and Merrill Lynch. Tttefata ♦(Accumulate) —OCBC Investment Research, Aug 29, $0.84 Its interim earnings soared 35.5 per cent on strong volume growth. Sales
        710 words
      • Article, Illustration
        In My Opinion
        334 3  -  Go Swan Khing Senior vice-president Prudential Bache Securities, Asia Pacific Ltd 4TTT ITH the volatility 1/1/ and uncertainty facf f ing today's traditional stock and bond investments, diversification is a key to wise portfolio management. But the full potential of portfolio diversification is elusive to many investors.
        334 words
    • Article
      Getting the right trade-off
      943 3  -  Do the new insurance products really give the best coverage and stock market returns? Reports by. Lilian Ng [SINGAPORE] BUY a regular unit trust and get insurance coverage thrown In. Or buy a regular life policy and tap into the higher returns of the stock market
      943 words
    • Article
      Charges increase with age
      140 3 (SINGAPORE) Cost of policy: Annual premium policies cost more than single premiums since coverage is higher. Mortality charges are deducted every year from the premium to buy a term policy. These charges will increase each year with the age of the policy holder, unlike traditional life
      140 words
    • Article
      Game mirrors volatile futures
      415 3 [SINGAPORE] The latest results of Simex Challenge n, a simulated, futures game played under real-time trading conditions, reflect the volatility of the futures market. The top team in the open category, a foreign exchange dealer and housewife duo, made U*****,136 (*****,100) as at Aug 29, climbing
      415 words
    • Article
      ACU DEPOSIT RATES Offered by various banks (as at Aug 29, 1996)
      605 3 BankofCMna 25,000 249.999 ***** 6.0700 ***** A$ 250.000 500.000 6X000 6.1900 6J700 10,000 49,999 6.3125 6-2500 6.0625 n M 50 000 i Atoov. 6.4375 6J750 6.B75 500.000 2X99.999 7.1900 7.4400 7.7500 Ornk IX«B-*999.999 73D0 7.5700 7JM0 «M- 49,999
      605 words
    • Article, Illustration
      Bear phase in palm oil likely to be over soon
      637 3  -  ETEOM THE REGION: KUALA LUMPUR This year the raQy in prices appears to have started earlier than usual Byi Greg Feldberg The writer is the KL-based plantations analyst at HG Asia Ltd. [KUALA LUMPUR] Speculating on seasonal shifts in the
      637 words
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  • THE AMCOL SAGA
    • Article, Illustration
      Lock icon How PW juggled two roles
      2583 4  -  The Price Waterhouse team which sewed up the Amcol rescue package explains how it managed its roles as investigating auditors and judicial managers By' Tan Sai Siong [SINGAPORE] JUDICIAL manager Nicky Tan of Price Waterhouse and lawyer V K Rajah of Rajah Tann never thought
      FILE PHOTO  -  2,583 words
  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1528 4 CITY FLIGHT ETA FlIGHT ETP SQ175 WO VN74Q 1410 AdoiaMa S0230 1830 0F82 2055 HatYal M1893 W05 TG408 0820 i Of81 1930 T6407 2105 MM94 1040 A—I RJW7 0130 inroiMma SW77 1655 S0978 OOP Amstardam KL843 0455 KL838 2300 Ho Chi Mlnh VN741 1300 VM740 MM)
    1,528 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      29 4 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. J
      29 words
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  • REGION
    • NOTE Book
      • Article
        Lock icon Mudslides destroy aborigine village
        84 5 Reuter [KAMPAR, Malaysia} A mudslide set off by heavy rain and floods devastated an aborigine village in northern Malaysia, killing at least 13 people and leaving about 16 missing, rescue officials said yesterday. Eight people were injured. The wall of mud and water, which dragged down
        Reuter  -  84 words
      • Article
        Lock icon Tenaga probe: Kit Siang wants rethink
        69 5 Bernama [KUALA LUMPUR] DAP secretary-general Lim Kit Siang has ask the Cabinet to reconsider its decision to re-appoint the British National Grid Group to examine the operations of Tenaga Nasional Berhad following the Aug 3 power failure. He said the consultant firm "is unlikely
        Bernama  -  69 words
      • Article
        Lock icon Taiwan to cut tariffs on 1,121 imports
        39 5 Reuter [TAIPEI] A tariff committee at Taiwan's finance ministry plans to cut import tariffs on 1,121 items to follow the Asia-Pacific Economic Cooperation (Apec) forum's trade liberalisation policies, an official said yesterday.—Rente?
        Reuter  -  39 words
    • Article
      Sharp jump in M'sian exporters using Port Klang
      301 5 BUTTERWORTH Only 57% of cargo from Penang now goes through S'pore, says minister THERE has been a sharp increase in the use of Port Klang by Malaysian exporters as an alternative to Singapore, the Sun newspaper reported yesterday. The paper quoted Transport
      301 words
    • Article
      Lock icon Thai PM's popularity at rock bottom: poll
      180 5 BANGKOK AFP THAI Prime Minister Banharn Silpa-archa, who faces a parliamentary no-confidence motion in less than three weeks, has a popularity rating of 6.5 per cent, according to the latest opinion poll. Mr Banharn came last among five "preferred premiers" selected by 2,507
      AFP  -  180 words
    • Article, Illustration
      Ex-Bank Negara adviser expects ringgit to firm
      615 5  -  ANNUAL REVIEW OF CENTRAL BANKING POLICIES DV ASIA-PACIFIC He also sees GDP growth at 8.7% this year instead of the &5% forecast Reports by' Vikram Khanna [SINGAPORE] With another year of robust economic growth in prospect, Malaysia's interest rates could rise slightly. This,
      615 words
    • Article
      China to continue with moderately tight monetary policy in 1996
      456 5 Bate regime to be liberalised in 9th Five Tear plan period CHINA will continue with a "moderately tight" monetary policy in 1996, according to Mu Huai Peng, director of the International Economics Department at the Research Institute of Finance and
      456 words
    • Article
      Little scope for Japan rate cuts: BOJ
      217 5 DESPITE a "weaker than expected" outcome from the latest quarterly survey of business expectations (tankan) by the Bank of Japan (BOJ), there is little scope for further cuts in Japanese interest rates, the BOJ's chief economist said yesterday. Kazuhiko Ishida was speaking at
      217 words
    • Article, Illustration
      Lock icon Manila govt, Muslim rebels sign peace deal
      346 5 JAKARTA AFP THE Philippine government and Muslim rebels yesterday initialled a landmark peace accord to end a quarter century of conflict which left 120,000 dead. Three years of talks were finally concluded when the agreement was sealed at midnight after some revisions demanded
      AFP  -  346 words
    • Article
      Lock icon 16m Malaysians go on overseas holidays
      378 5 TUARAN, Sabah Sign that nation is prosperous, says Dr Mahathir Bernama MALAYSIAN Prime Minister Mahathir Mohamad said the number of Malaysians going abroad for holidays has reached 16 million people, Bernama reported yesterday. It did not specify the time frame. The country has a
      Bernama  -  378 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      96 5 #An Exhibition of Important Jewels Sunday 1 Monday 2 September from 11.00 am to 6.00 pm at The Royal Suite, Level 11 Re B ent Singapore Cuscaden Road., Singapore On view will be a selection of Important Jewels to be sold at auction in Hong Kong and New York in
      96 words
    • Advertisement
      Page 5 Advertisements Column 2
      78 5 i Hi 5 ATTENTION S: F& B OPERATORS X A unique opportunity to operate jj g, at Singapore's premier sailing club j flj i Changi Sailing Club's brand new cafe, t K poolside bar and lounge bar IJ tj front the sea, sand and coconut trees. J J Jfc the
      78 words
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  • REGION/WORLD
    • Article
      Lock icon American consumer spending up 0.2% in July
      573 6 WASHINGTON Rise is improvement over June's 0.4% fall bnt personal income inches np jnst 0-1%, weakest since Jan Bloomberg Business News, Reuter US CONSUMER spending broke back into positive territory in July, although weak spending on motor vehicles and other big-ticket goods during
      Bloomberg Business News,; Reuter  -  573 words
    • Article, Illustration
      Lock icon Govt trims GDP forecast to 4.7%, inflation to 6.8%
      550 6  -  HONGKONG Adjustments no surprise to analysts after slow Q1 growth Byi Quak Hiang Whai IN LINE with market expectations, the Hongkong government yesterday trimmed its forecast for economic growth this year from 5 per cent to 4.7 per cent. •Projected inflation
      Source:  -  550 words
    • Article
      Lock icon Mahathir on Malaysia's aspirations
      319 6 KUALA LUMPUR Bernama, AFP MALAYSIA aspires to become a nation with a developed culture and high civilisation, Prime Minister Mahathir Mohamad said in his National Day message last night. In the message aired by Radio and Television Malaysia, Dr Mahathir called on Malaysians to ponder and
      Bernama,; AFP  -  319 words
    • Article, Illustration
      Lock icon Clinton accepts nomination, grabs most of the bounce back from Dole
      618 6  -  Raceforthe' »M WASHINGTON But his big day is marred by reports of sex scandal involving political consultant By Leon Hadar US PRESIDENT Bill Clinton appeared to be on a roll and heading towards a major victory in November after
      REUTER  -  618 words
    • Article
      Lock icon Chun to appeal against death sentence: lawyer
      264 6 USEOUL AFP FORMER South Korean president Chun Doo Hwan will appeal against his death sentence on charges of masterminding a 1979 coup, graft and insurrection, his lawyers said yesterday. "The appeal will be filed before the Monday deadline," Chun's lawyer Lee Yang Woo
      AFP  -  264 words
    • Article, Illustration
      Lock icon Wall St uneasy as Clinton's strategist quits
      305 6 NEW YORK Reuter THE resignation of Bill Clinton's top political strategist Dick Morris left Wall Street uneasy on Thursday amid concern that, without him, the president may drift towards the liberal end of the political spectrum. "I think it's fair to say that
      Reuter  -  305 words
    • WORLD Watch
      • Article
        Lock icon British 'feel-good' factor is back
        69 6 Reuter [LONDON] British house prices jumped 1.7 per cant in August and consumer credit topped £1 billion (552.2 billion) in July, figures out yesterday showed/providing the government with welcome evidence that the so-called "feel-good" factor is returning. The Nationwide Building Society's house price index showed
        Reuter  -  69 words
      • Article
        Lock icon German growth could top 0.75%
        81 6 Bloomberg Business News [BONN] German growth might exceed official forecasts of 0.75 per cent this year, the government said, while warning that the cost of high unemployment will push the federal deficit above target. The government still aims to hold next year's overall public deficit
        Bloomberg Business News  -  81 words
      • Article
        Lock icon IMF to sell gold to help poor nations?
        98 6 Reuter [NEW YORK] The International Monetary Fund has said for the first time that it might sell some of its US$4O billion (5J56.3 billion) supply of gold to reduce the debts erf the poorest developing countries, The New York Times reported yesterday.
        Reuter  -  98 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      40 6 POOWESBURT By Garry Trudeau -J' -V-Pf" Ljsaj»gßj3 HeARTHAT,MFe 7 HZexPeCB WOI.tUHfiTPOI f L&Teu. fiAPto we to Pose/& conical, mzc? ueA*?snouu>i IF I'M QONNA 60 TO THB \e^5U^NT-f HARP-OITTSN, CORRUPT, RM,OF HAKAMNHNO \nau*t?\ cravbn, seif-sewiN6, i coußse. pmeuMTimn EUTISTMtPiA SCUM! j
      40 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      CityDev posts 34% jump in net earnings
      437 7  -  Turnover for the six months surges 40% to $Ll7b; results above expectations By, Abdul Hadhi [SINGAPORE] City Developments Ltd yesterday reported a 33.7 per cent rise in interim group net earnings to $209.72 million. Turnover for six months ended June 30, 1996, surged
      437 words
    • Article
      Liang Court Ist half profit up 18% to $4m
      415 7  -  By, Jenny Lam [SINGAPORE] Liang Court Holdings yesterday reported an 18 per cent rise in interim net profit to $4.09 million for the six months to June 30. In releasing the results, Liang Court chief executive officer Koh Boon Hwee also
      415 words
    • Article
      How exciting a prospect is Allgreen's public offer?
      608 7  -  HOCK LOCK SIEW Lee Han Shih THOSE who invest in Singapore shares will have another Robert Kuok company to consider in a year or two. But would they want to? The natural reaction on hearing about the proposed listing of Allgreen Properties,
      608 words
    • Article
      YHS dashes market hopes as interim earnings drop 17%
      389 7  -  It expects fall-year performance to be lower than in 1996 By: Lee Han Shih [SINGAPORE] Listed beverage maker Yeo Hiap Seng Ltd (YHS) yesterday shocked the stockmarket with a sharp drop in interim profits, just when analysts were predicting its profits
      389 words
    • Article, Illustration
      Lock icon Low-priced shares lure CPF funds
      297 7 [SINGAPORE] Stock Exchange of Singapore president Lim Choo Peng yesterday disclosed that the bulk of Central Provident Fund (CPF) money used to buy shares is currently invested in lower-priced counters. In his keynote address at a National University of Singapore seminar on equity investments, Mr
      Source: SES  -  297 words
    • REGIONAL COMPANIES
      • Article
        Asian bourses hit by fears of US rate hike
        398 8  -  Tokyo and HK fare worst with foils of 5% and 2% respectively by week's close By. Larry Wee [SINGAPORE] Asian markets were stymied by unexpectedly strong US economic numbers released on Thursday which forced the key US 30-year bond yield below
        398 words
      • Article, Illustration
        Nikkei plunges on Wall St fall, pessimism
        303 8  -  Investors fearful of stagnation, volume of new issues coming up Prom Anthony Rowley in Tokyo TOKYO stock prices plunged by nearly 2 per cent yesterday, hit partly by the fall on Wall Street but also by increasingly bearish sentiment about the sustainability of
        303 words
      • Article
        Lock icon Rubber futures trading to be computerised
        164 8 Reuter [SINGAPORE] The Singapore Commodity Exchange (Sicom) is to start computerised orderdriven trading sessions for its RSSI, RSS3 and TSR2O rubber futures contracts on Monday, a Sicom spokeswoman said yesterday. The exchange is organising a seminar on the new trading system, announced in July,
        Reuter  -  164 words
      • Article
        Intraco interim cut by sluggish car, electronics sectors
        347 8  -  Analysts expect 2nd half to be worse, firm less pessimistic Byl Christopher Tan [SINGAPORE] A slowdown in the car and electronics sectors eroded government-linked Intraco's bottomline in the first half. Interim earnings to June 30 fell 18.2 per cent to $6.58 million
        347 words
      • Article
        Lim Kah Ngam's interim profit up 82%
        203 8 [SINGAPORE] Developer Lim Kah Ngam Ltd yesterday reported an 82 per cent surge in interim net profit to $9 million, but warned that the second half would not be as good. For the half year to June 30, 1996, group turnover rose 66
        203 words
      • Article
        TA group in tie-up with Philippine state firm to develop 7.7b peso property complex
        299 8  -  From, Al Labita in Manila MALAYSIA'S TA group has tied up with a listed state-run firm to build a 7.7 billion pesos (Ss4l2 million) property complex in Mandaluyong city, an official said yesterday. The partnership was
        299 words
      • COMPANY Briefs
        • Article
          Temasek cuts Metro stake
          85 8 [SINGAPORE] Temasek Holdings yesterday announced that it has ceased to become a substantial shareholder in Metro holdings. Its deemed interests in the company was reduced to 3.5 per cent by the sale of 2.04 million Metro shares by its related companies between Aug 23 and 27.
          85 words
        • Article
          Qualif selling 10m QAF shares
          77 8 [SINGAPORE] Qualif, a subsidiary of Indonesia's Salim group, yesterday announced it has entered into an agreement to sell 10 million QAF shares which will reduce its stake in the Singapore-listed food group to 70.3 per cent At the close of its takeover offer on Aug
          77 words
        • Article
          HBM Print earnings up
          73 8 [SINGAPORE] HBM Print's interim earnings rose to 1261,000 for the six months ended June 30,1966, compared to $8,000 for the same period last year. The improvement came from sales by the group's newly-acquired subsidiary, WOG International, and the recovery of the group's Australian subsidiary from a
          73 words
        • Article
          Falmac profit drops 38%
          97 8 [SINGAPORE] FaUnac Limited yesterday reported a 38 per cent drop in group profits to $486,000 for the year ended May 31,1906. Earnings were dragged down by continuing losses by the group's subsidiaries in China and th*US. Group turnover for the year roee to $18.74 million, 11
          97 words
        • Article
          OCBC announces dividend
          41 8 [SINGAPORE] Directors of OCBC have announced an interim dividend of Ave cents per ordinary share, less 30 per cent Malaysian income tax, fix* the financial year ending Dec 31,1996. The dividend will be paid out on Sep 18.
          41 words
        • Article
          New directors at UPP
          109 8 [SINGAPORE] The board of directors of United Pulp and Paper Co yesterday announced the appointment of Lim Shook Kong and R Rajasingam as directors as well as members of UPP*s audit committee. Mr Lim will be replacing Ong Seow Yong as chairman of the audit committee,
          109 words
      • Article
        HK firm Easyknit gets SES approval for secondary listing
        299 8  -  By' Teh Hooi Ling [SINGAPORE] Hongkonglisted Easyknit International Holdings Ltd has received inprinciple approval for a secondary listing on the mainboard of the Stock Exchange of Singapore. OCBC Bank has been appointed manager of the issue. Easyknit sources and exports cotton-based
        299 words
      • Article
        Lock icon PMI proposes 3 new issues
        311 8 Bernama [KUALA LUMPUR] Pan Malaysian Industries Bhd (PMD has proposed three new issues which are expected to enhance its earnings for the financial year ending Mar 31,1998. PMI, in a statement yesterday, said proceeds from the proposals of M 5749.79 million (*****.1 million) would be
        Bernama  -  311 words
      • Article
        Lock icon Amway debuts 128% higher
        113 8 Bloomberg Business News [KUALA LUMPUR] Shares of Amway (Malaysia) Holdings Bhd ended the day 128 per cent up at M 113.70, after trading as high as M 514.70, in its debut on the Kuala Lumpur Stock Exchange yesterday. That's more than double the Ms 6 issue
        Bloomberg Business News  -  113 words
      • Article
        Lock icon Sime Darby to book ninth straight year of record profits
        398 8 AFP [KUALA LUMPUR] Malaysia's biggest multinational Sime Darby Bhd is to log a ninth consecutive year of record annual profits, tipped to be above Msl billion (*****.3 million) in the year to June, analysts said yesterday. Analysts polled yesterday said
        AFP  -  398 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon Nationsßank to buy Boatmen's for US$9.5b
        381 9 Deal will create fourth largest US bank with USs239b in assets: newspaper Bloomberg Business News [NEW YORK] Nationsßank Corp agreed to buy Boatmen's Bancshares Inc for U559.46 billion (5513.2 billion) in stock and cash, creating the fourth largest US bank, with assets of US$239
        Bloomberg Business News  -  381 words
      • Article
        Lock icon Oil firms team up to fight corruption
        347 9 Intl criminal groups stealing data on procurement projects FT [STAVANGER, Norway] Five of the world's largest integrated oil companies have formed a security team to combat the theft of confidential information on billions of dollars of procurement projects. Harald Norvik, managing director of
        FT  -  347 words
      • Article, Illustration
        Lock icon Daimler hints at management revamp to suit leaner image
        368 9 FT [LONDON] Jurgen Schrempp, chairman of Daimler-Benz, on Thursday hinted that he was considering an organisational and management reshuffle that would fit the company's leaner corporate image. The prospect of further reorganisation at Europe's largest industrial group came as it reported
        FT; AFP  -  368 words
      • Article
        Lock icon Swissair cuts first half loss to 51m francs
        238 9 Bloomberg Business News [ZURICH] Swissair Group said it posted its fourth straight first-half net loss as cost-cut-ting programmes at the national carrier were undermined by falling air fares. Swissair Group, which comprises airline, catering and hotel units, said its firsthalf net loss
        Bloomberg Business News  -  238 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        770 9 Vttial Vty Ito BftH Vrt»H PoQ*ft»rt JM| M MM 2 M JM**** UN/MOO JO M6*<* MM J04 M*«M* IIOO/OTOO VtmOri. IV* J8 M«M* 3100/CSOC blai MM UOt J02 HotifM* 3100/2 )0C RMJIH 0100* JM ||H||M 3100/1000 it s*** 212* joi m«mm iw/mm ouHMt ton m M M*MM 3100/0000
        770 words
      • Article
        CONTAINER SCHEDULES
        1648 9 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO BooUng/Mmct Rstts Ship Voy Ho Ctt/Btr Ptfted From To froM ka aim 917* 02/0700 WW 31/0*5* 1W00 1 3WM MM )V-^0C 4 31/1200 1VM» 31/1700 65 362 SB? SB? 4 31/1200 31/145* 3VT700 taJM MM N» a~~ MH MM 1NM
        1,648 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Fund managers face more control
        399 10 HE regulator to set new guidelines for retail and investor funds by year's end SCMP {HONGKONG] The Securities and Futures Commission (SFC) on Thursday warned it would tighten controls on Hongkong's multi-billion dollar fund management industry. Draft proposals setting out guidelines for the handling of
        SCMP  -  399 words
      • Article
        Lock icon HK warns Soros not to bet against its currency
        386 10 Investors will lose if they try to speculate against HK& Tsang Bloomberg Business News [WELLINGTON] Hongkong officials contacted George Soros this month to warn the billionaire investor not to speculate against the Hongkong dollar, the territory's financial secretary said. Mr Soros
        Bloomberg Business News  -  386 words
      • Article
        Lock icon 91% of Names accept Lloyd's recovery plan
        299 10 Reuter [LONDON] Lloyd's of London insurance market succeeded yesterday in getting approval for a recovery plan after years of crisis and bitter lawsuits which threatened the institution's survival. The plan aims to end the avalanche of legal claims against Lloyd's Names, wealthy individuals
        Reuter  -  299 words
      • Article
        Lock icon Euroyen ends flat in thin trade
        225 10 SfimX Report Reuter [SINGAPORE) Simex Euroyen futures, already in overbought territory after Thursday's sharp run-up, ended steady after trading in a four-tick band all day. The benchmark December contract ended unchanged against its CME close of 99.31. Volume was an estimated 11,384 contracts. The
        Reuter  -  225 words
      • Article
        Lock icon CURRENCY REPORT
        178 10 AFP London THE dollar gave up ground against European currencies yesterday, depressed by the US bond market, which gave a hostile welcome to an increase in US industrial orders and to the rise in the purchasing managers' index, dealers said. "The American bond market reacted badly to the
        AFP  -  178 words
      • Article
        Lock icon Oil buoyant on high demand, low stocks
        297 10 ENERGY REPORT Reuter [LONDON] World oil prices remained buoyant near fourmonth highs yesterday, consolidating the week's gains amid strong demand and tight inventories. October Brent Blend crude at 1621 GMT was trading one US cent down from Thursday at U5520.74. Brent is some
        Reuter  -  297 words
      • Article, Illustration
        Untitled
        1369 10 PTTBEBAME CROSS RATES Aug30 M C$—fcCCU Ffr Dw HK$ Iwd t» YfWo HflMlfc H» S$ I— Sfr»T$-lrt KwM Australia 1079 6.171 0421 4001 1168 6.107 a.ttt ***** 0.356 6.470 1969 1.H3 28.190 20.703 1.112 1355 0347 ***** 19.980 0.507 0.790 I sr a ss As 1 i??t w iiVISSt t
        1,369 words
      • Article, Illustration
        Lock icon US$ trading an established range
        444 10 US$/mark: After last Friday's relatively steep US$ losses during New York hours, US$/mark rested for the first four days of this week within a narrow range from 1.4736 to 1.4820. Crucial support and resistance levels remain at 1.4635 and 1.4965 respectively. Medium-term bears would return
        Source: DBS Bank  -  444 words
      • Article
        Lock icon US banks to sell shares backed by mortgages
        283 10 Bloomberg Business News [NEW YORK] Chase Manhattan Corp and other US banks are lining up to sell some US$4 billion (555.6 billion) worth of the first mortgage-backed stock new preferred shares that will boost banks' capital and lower their taxes. New York-based
        Bloomberg Business News  -  283 words
    • Article
      COMMODITY PRICES
      1747 11 MCOM P0T0RB8 Aug30 MM (Mm dad* M SJOpm) tSS 1 CONTRACTS cMta/k«) ClOS# Votamo Opon Monte Htyi low Sftt (toanos) Iwttrwt Sop96 188.00 450 Oct 96 192.00 189.00 189.00 450 1525 Nov 98 192.00 ***** ***** 150 2900 Doc 96 192.00 192.00 192.00 150 2850 Jan/Mar 97 194.50
      1,747 words
    • Article
      WORLD STOCK MARKETS
      2320 11 LONDON Mutrtab ft* A. A. Corp Adr 56 1/4 unch AB Ports 295 -4.400 Abbey Nation* 991 -7 AMad Lyons 459.400 -4 A mac 95 1 Argyll 346 AuUGfOup 112 1.600 BAT ind 430.400 -7.600 BICC 335.600 5.200 BOC Group 868 -.400 8R Petroleum 620.400 .400 BTR
      2,320 words
    • Article
      Lock icon TOKYO
      1648 11 Reuter □Nikkei 225 -386.26 STOCKS tumbled nearly 2 per cent yesterday, extending their losses for a third straight day. With few factors to buy on, brokers said the key index could slip below the 20,000 level in the near future. The key 225-share Nikkei Average tumbled 386.26 points, or
      Reuter  -  1,648 words
    • Article, Illustration
      Lock icon HONGKONG
      1680 12 Reuter n Hang Seng -188J9 STOCKS tumbled as an overnight fall in US stocks and bonds shook sentiment in the local market and share placements weighed on prices. The Hang Seng Index fell 169.19 points to 11,159.02. Turnover was HK57.35 billion, lifted by a share placement by New World
      Reuter  -  1,680 words
    • Article, Illustration
      Lock icon CHINA
      685 12 Reuter n Shanghai B Share Index -&24 SHANGHAI B shares ended down on overseas selling in stocks which had poor results. The index shed 0.24 point to 51.41 on volume of 10.4 million shares worth US$4.3 million. "Investors have no interest in buying stocks with poor results at current
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  685 words
    • Article
      Lock icon TAIPEI
      368 12 AFP QWP Index -111 SHARE prices closed marginally lower as investors cashed in their profits. "Some investors sold largecapitalisation issues following recent gains," said a trader, The TSE Weighted Price Index declined 2.61 points to 6,309.82. Turnover totalled 1.49 billion shares worth NT550.46 billion. Falling stocks outnumbered those rising
      AFP  -  368 words
    • Article, Illustration
      Lock icon JAKARTA
      761 12 AFP Composite Index -2.42 SHARE prices closed lower in quiet trading after several heavyweight stocks fell during the afternoon session. "We have had some quite good results from some big cap stocks but the market is not doing anything about it," said a trader. The JSE Composite Index fell
      AFP  -  761 words
    • Article, Illustration
      Lock icon BANGKOK
      840 12 AFP □set Index -337 SHARE prices eased marginally after rebounding from a morning sell-off following a slump on Wall Street. "The market held up better than expected after the poor economic figures announced yesterday and the sharp drop in the Dow," a trader said. The SET Index lost 3.27
      AFP  -  840 words
    • Article
      Lock icon MANILA
      292 12 AFP Q Manila +4J2 SHARE prices rose on blue chip buying by investors expecting robust gross national product data for the first half of 1996, due out next week. The Composite Index added 4.92 points to 3,220.71. Turnover was 15.09 billion shares worth 2.1 billion pesos. PNB rose five
      AFP  -  292 words
    • Article
      Lock icon SEOUL
      408 12 AFP rlComposite Index ****** SHARE prices closed 2.2 per cent higher in a technical rally triggered by rumours of an early increase in foreign shareholding ownership limits. "Rumours aside, technical factors are moving the market today," said a dealer. The Composite Price Index closed up 16.71 points at 782.87.
      AFP  -  408 words
    • Article
      Lock icon SYDNEY
      622 12 AFP PAD Ordinaries -10J SHARES eased as the focus on better-than-expected domestic profit results was countered by a plunge on Wall Street. The All Ordinaries Index fell 10.6 points to 2,268.7. Investors exercising options which expired on Thursday contributed to a huge turnover of 400.9 million shares worth A
      AFP  -  622 words
    • Article
      Lock icon WELLINGTON
      289 12 Reuter Q Wellington -10.77 SHARES ended softer but off their lows, the rally having come to a halt thanks to a sell-off in the US. The NZSE-40 Index ended 10.77 points down at 2,228.77 on turnover of NZ533.4 million. Reuter km x us rop« ANZ Banking 7.55 -0.03 7000
      Reuter  -  289 words
    • KUALA LUMPUR STOCK MARKET
      • Article, Illustration
        Lock icon Telekom leads market higher
        8157 13 AFX-Asia n Composite Index +8.08 SHARES prices closed higher, led by gains in Telekom Malaysia in the closing minutes of trade. Telekom rose 40 sen to Ms 22 on turnover 0f975,000 shares. The KLSE Composite Index closed up 8.08 points at 1,118.57. The Emas Index was
        AFX-Asia  -  8,157 words
    • WARRANTS & OPTIONS
      • Article
        IGB wrts: a chance for contrarians
        3655 14  -  WARRANT WATCH By R Sivanithy ALTHOUGH no specific or aggregate numbers are available, it is clear to those who have been watching the market closely that warrant conversion premiums, particularly in Malaysia, have been gradually falling. This could arguably be due to either a
        3,655 words
    • Article
      CLOB INTERNATIONAL
      2250 14 MALAYSIAN STOCKS (r Or 1996 Lad Vol Day LartQuote M« 01* VM Itet MC« HN» L— «M Ci uy Ml (-OOP) HN» L—r 8»yr Sa8ar Of W W 625 364 mi 5000 AIS850C 370 -4 9 386 370 366 380 5.0 4.9 04 77.1 3793 119 84 m
      2,250 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1148 15 TURNOVER CtiOO) VALUE COOO) em T«m w cut t>ui MustrU 24,667 (2.593 39,260 79,437 38.006 117.443 nrxnci 3,239 3.497 6496 32.356 5,782 38.138 Hat* 413 443 656 1.653 710 2.363 Proewtm 4.049 7.516 11.565 23.707 1X355 37,062 Mafltatton 706 706 U70 1.670 MM* 268 26* 762 762 BIW 3.816 6.098
        1,148 words
      • Article, Illustration
        Untitled
        238 16 Stocks Volume •M Resources 4,607,000 'Kentayan Corp 4,046,000 Causeway 60c 3.418,000 *Kemayan WtOO 2,822,000 Berger Intl 25 2,411,000 •Tan Chonq 50c 2,143,000 •Idris Hyd 50c 1,674,000 Goidtron 20c 1.539,000 HK Land US$0.1 1,456.000 IPC Corpn 5c 1,361,000 Stocks S •M Resources 19,703,472 SPH Foreign 14,535,640 City De* 50c 12,769,890 OCBC
        238 words
      • Article, Illustration
        HOT STOCK
        55 16  -  By Paul Leo CAM INTERNATIONAL fell 1.5 cents to 75 cents yesterday with 798,000 units traded, about one-third the 10-day average of 2.32 million shares. With Moving Average Convergence-Divergence Indicator turning bearish and daily RSI in overbought territory, expect the stock to drift down followed by a period
        55 words
      • Article, Illustration
        Turnover tumbles as takeover fever subsides
        654 16  -  STOCK MARKET COMMENTARY Players now torn their attention to less expensive issues as shown by activity in Clob counters By Larry Wee [SINGAPORE] The market closed one of its quietest sessions of the week with the Straits Times Industrials Index closing off 9.11 points
        654 words
      • ON THE GRAPEVINE
        • Article
          Looking further East
          88 16 ING BARING is said to have pumped some US$lOO million (Ssl4l million) into the Taiwanese stock market in the last few days. This is in preparation for Monday, when Taiwanese stockes will be included in one of Morgan Stanley Capital International's regional indices. The Morgan indices are
          88 words
        • Article
          Young and connected
          95 16 SOME Hongkongers now consider the best British public school to send their kids to is Millfleld in Somerset. Millfield, with a history of only 60 over years, is not seen to be a particularly famous or good school, certainly not in the league of Eton or Harrow.
          95 words
        • Article
          Counterfeit pencils
          87 16 WE've heard about fake T-shirts, handbags and shoes but counterfeiting is spreading beyond just designer goods. Reuters yesterday highlighted a Liberation Daily report that cited Shanghai officials as having confiscated 1.3 million fake pencils from a factory which was counterfeiting two well-known local pencil brands. According to Reuter,
          87 words
        • Article
          Making it in America
          102 16 WANT to be Entrepreneur of the Year but don't think you have a chance In Singapore? Why not go global and move to San Francisco. The Singapore American Business Association (Saba) there boasts some of the most successful Singapore-Americans. One of them won this year's Entrepreneur
          102 words
        • Article
          Hongkong has what it takes
          111 16 SO YOlTre expecting a flood of emigres from Hongkong in '97? Perhaps, mused ftind manager lan Lui at an equities' outlook a seminar in town yesterday. But then think m of New York where everybody carries a gun it's still a financial centre; think of
          111 words
    • Article
      MAIN BOARD
      4600 15 Cr Or mm 1996 Last V* Day Last Ouete Div Div YI4 Het Cap Avq High Ln StN* Company Sate (000) High Lew Buyer Se8f Cw M Pltm INDUSTRIALS 214 165 1258 Aw 5^-.-—7™ US180 unch 155 180 180 180 181 5.0N 7.5 1.0 HI 298.0 494 308
      4,600 words
    • Article
      SESDAQ
      918 15 1886 Lift V* Day Last Ouata Mv Mi TN M Caa A** W» L— «MH Cimmmt Ml fOOOt MI0I Law mrftr MNr Cw PH Wa 209 OS 2000 ABAHMosSc 181 *3 89 182 ISO 180 181 3.0 14.2 0.1 113.1 80S 182 90 68 ASAutotOc 69 -0.5 62 TO
      918 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      69 7 11 i fiBS&S KecesB 'Q"~ irnSll^^i 9amble S 25* 7 P"**' rental Hc onom l V I C properties lhe R bu g tCh 1 I Makjftg ftl How to weaJth Hr V I pXEZLEZ^mn J!|fH Available at Newsstands NTUC Supermarkets Caltex Published by Times Periodicals, member of STOP PRESS
      69 words
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      94 8 Ovtffi Chlnaaa Banking Corporation Umftad (Incorporated in Singapore) ANNOUNCEMENT OVERSEA-CHINESE BANKING CORPORATION LIMITED INTERIM DIVIDEND PAYMENT DATE The Directors of Oversea-Chinese Banking Corporation Limited are pleased to announce that the interim dividend (the "Interim Dividend") of five cents for every Ssl ordinary stock unit, iess 30% Malaysia income tax, in
      94 words
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      65 12 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 Heng
      65 words
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      171 13 HHHHHHfiHHHfIHHHHSHBHIHfIiifIHHIHBIHfIfIHfIi T he Asia Pacific region is likely to grow and William Tan 740 1628 I flourish well into the new millennium. p Subramanlam-740 2043 B ft IV SB I With Singapore's buoyant economy m|I m Ma I linked to the vibrancy of this growth region, there N N 7
      171 words
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      Page 14 Advertisements Column 1
      172 14 w •wm lwfjlBWBBp» fir?! ;V%j||' Singapore Handicrafts presents the splendour of the majestic rosewood. jh V gi TOj I Discover the unique charm and beauty of classic rosewood furniture from Singapore Handicrafts Singapore's m \J IBUBnB vjT «m!m mm leading rosewood specialist. A rosewood masterpiece with its refined lines and
      172 words
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      Page 15 Advertisements Column 1
      189 15 To: SPH AudioTex Department Singapore Press Holdings Ltd 82, Genbng 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 Lj 12 months jJ 6 months F) 3 months at 5560.00
      189 words
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      Page 16 Advertisements Column 1
      1232 16 I BUSINESS Notices -TO AI)VI k 1ISI; (A 1 1- TO! 1-IKI i: ISOO-741 IS,S3 In the Matter of The Companies Act, Cap. 30 TUN SHAN BUILDERS PTE LTD fin Members' \bUmtary Liquidation) At an extraordinary general meeting of the company held at 13 Caff Road. Singapore *****4 on 291h
      1,232 words
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      Page 16 Advertisements Column 2
      84 16 In The Matter of The Companies Act. Cap SO and EGG DESIGN PTE LTD (Members' voluntary winding up)) NOTICE IS HEREBY GIVEN pursuant to Section 30t(2) of the Companies Act. Cap. SO. a Final Meeting of the Company will be held at 6 Jalan Am pas #03-01 Singapore *****7 on
      84 words
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      Page 16 Advertisements Column 3
      613 16 For future share prices please refer to the normal listings of the Stock Exchange of Singapore: WW Section Company St. No. Ml lnaus,riBls SK* JSH 1071 JJEfI Hotels MOIL 1227 Properties HKL 12*1 Published by Jardine Fleming International Securities Limited (Incorporated in British Virgin Islands) Engineering FIRST ENGINEERING LIMITED (Incorporated
      613 words
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  • ISEAS Trends
    • Article, Illustration
      India's growing identity with Asean
      892 17  -  s d Muni looks at how commonalities of interests are drawing India and Asean closer together S D Muni Professor S D Muni is Professor of International Politics at Jawaharlal Nehru University, New Delhi, and concurrently Duncan Macneill Fellow at the Institute of Southeast Asian
      892 words
    • Article, Illustration
      Lock icon Glitches in the Chinese military machine
      1184 17  -  Is the People's Liberation Army all that it's cracked opto be? By'. Richard Halloran Richard Halloran,.formerly with the New York Times as a foreign correspondent in Asia and military correspondent in Washington, writes about Asian security from Honolulu. INTELLIGENCE analysts from Hongkong to Honolulu
      REUTER  -  1,184 words
    • Article
      Cultural convergence can bridge both sides of the Pacific
      1027 17  -  Will converging cultural factors in Asian and Western societies lead to a so-called Concert of Asia? By Leif Roderick Rosenberger Dr Leif Roderick Rosenberger is professor of Economics at the US Army War College. AS US hegemony fades, many Asian countries
      1,027 words
    • Article, Illustration
      Lock icon What is the future of the overseas Chinese huiguan?
      1317 18  -  Edgar wiokberg examines the evolution of Chinese clan and district associations in the context of overseas Chinese communities Edgar Wickberg Dr Edgar Wickberg is Professor of Chinese History at the University of British Columbia, Vancouver, Canada. Singaporeans are familiar with discussions
      STEPHANIE YEOW  -  1,317 words
    • Article
      Educating the Japanese
      1172 18  -  The time has come for Ammmi to broaden relations with Japan by bringing Japanese students to Asia By Jeff Kingston Professor Jeff Kingston is Director, Institute for Pacific Rim Studies, Temple University Japan. ASEAN is justly accused of being too reactive. It is time for Asean to
      1,172 words
    • Article, Illustration
      Lock icon Malaysia sticks to development planning
      1115 19  -  Zainai AznamTnsof outlines some of the trends in the Malaysian economy, and its prospects in the years ahead Zainal Aznam Yusof Dr Zainal Aznam Yusof is Deputy Director-General (Economics), Institute of Strategic and International Studies, Malaysia. WITH all the razzmatazz over liberalisation, the near-fetish attitude
      AFP  -  1,115 words
    • Article, Illustration
      Lock icon Cambodia edges towards peace
      1012 19  -  Prospects for peace in the country have improved following a split in the Khmer Rouge By Sorpong Peou Dr Sorpong Peou is a Fellow at the Institute of Southeast Asian Studies. CAMBODIA may now be on a slow but sure path towards peace, prosperity and democracy.
      AFP  -  1,012 words
    • Article, Illustration
      Lock icon Stability in Indonesia resonates region-wide
      1067 19  -  Beoent rants in Indonesia have more than jost national significance Byl Leonard C Sebastian Leonard C Sebastian is a Fellow at the Institute of Southeast Asian Studies. THE events of July 27-28 in Jakarta suggest that Indonesia may be in for a painful and difficult
      ALPHONSO CHAN  -  1,067 words
    • Article, Illustration
      Lock icon Time is running out for North Korea
      1106 20  -  James Cotton looks at the crisis afflicting North Korea's regime and economy James Cotton Dr James Cotton is professor of political science. University of Tasmania, Hobart. 1N the past 12 months, natural disasters and defections have underlined the fact that North Korea's still-to-be
      REUTER  -  1,106 words
    • Article
      Trying to bottle-up the nuclear genie
      1457 20  -  Curtailing nndear proliferation is not helped by a vague ruling from the International Court of Justice By Amyn B Sajoo DrAmyn B Sajoo was the 1993/94 CanadaAsean Fellow at ISEAS. He is an independent law and public policy consultant based in Vancouver. THE old
      1,457 words
    • Article
      India's nuclear ego forestalls test ban
      763 20  -  There are flaws and contradictions in India's opposition to the CTBT By 1 T T Poulose Dr T TPoulose is a former professor of Disarmament Studies at Jawaharlal Nehru University, New Delhi. INDIA'S Cold War ideologues, nuclear hawks and the new generation of nuclear
      763 words
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      235 18 New Books from IfiEAfi CHINA'S ECONOMIC REFORMS Role of Spocial Economic Zones and Economic and Technological Development Zonot Edited by fi.P. Gupta This is the first study by Chinese and Indian scholars that comprehensively evaluates the performance of China's Speeial Economic Zones (SEZs) and Economic and Technological Development Zones (ETDZs)
      235 words
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      26 20 Forthcoming... 'fH Next month's TYends will feature articles on: t;--* How sustainable is sustainable 1 development? The Umno party elections Illegal migration: a new security dilemma .£>
      26 words
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  • EXECUTIVE Lifestyle
    • Article, Illustration
      Well suited to the local market
      1073 21  -  The fashion trade may be in the doldrums, but that hasn't affected the profitability of local mid-priced labels such as M)phosis, Rest Relax and Project Shop. coaiMME sbrh finds out more about their winning styles CORINNE KERK THEY'RE only in their 30s and they're
      1,073 words
    • STRAWS In The Wind
      • Article
        Go ahead, laugh
        72 21 IF YOU think you get a lot of junk mail, imagine the kind of letters journalists receive. Like this one from Bulgaria's House of Humour and Satire. It sent a note to "Mango, c/o New Nation, Rivers Valley Road", inviting the recipient to send an entry to
        72 words
      • Article
        Weird science
        166 21 LAST week, we gave you some exam- pies of genuine answers American students gave in their history exam. The following are some genuine answers to science exam questions, compiled on the Internet by several befuddled American teachers: Water is composed of two gins, Oxygin and Hydrogin, Oxygin is
        166 words
    • VIEWPOINT
      • Article, Illustration
        Lock icon Ssangyong's strategy for Asia
        1177 22  -  v THE RAFFLES Conversation S Joon Kim, CEO of Ssangyong Business Group, sees Singapore as a partner in the chaebol's expansion plans. He tells khmmbth jambs why KENNETH JAMES IT'S BEEN just a year since S Joon Kim took over as chairman and CEO of the
        ERIC CHU  -  1,177 words
      • Article
        Steering the group into the 21st century
        933 22 PERHAPS the biggest challenge S Joon Kim faces as chairman is that of reshaping Ssangyong to meet the challenges of the 21st century. To do this, he has to build on the company's historical strengths and discard what has become irrelevant. For instance,
        933 words
      • Article
        Scout's honour
        413 22 SJOON KIM relates how his father "made quite a fortune" from what started in 1939 as a small soap-making venture. But then, "after we completed building modern facilities in late '40s, the Korean War broke and everything we had was totally damaged. Everything just turned into ash." Patriarch
        413 words
    • COVER STORY
      • Article, Illustration
        Lock icon Main man at M'phosis
        819 23  -  You know the labels and you've worn the clothes. Now meet the men behind M)phosis, Rest Relax and Project Shop as they talk shop with oobdmbkbuk CORINNE KERK LITTLE did Hensley Teh know that one day, he would be managing director of one of the more
        PHOTOS BY CHRIS LOH  -  819 words
      • Article, Illustration
        Not resting on his laurels
        603 23 Kelvin Choo of Rest k Relax has gone ahead with a Malaysian tie-up and new has plans to diversify into related lifestyle businesses KELVIN CHOO certainly didn't pick the best of times to start his own fashion business. He formed his company in 1965 and
        603 words
      • Article, Illustration
        An attitude worth millions
        686 23 At Project Shop, Peter Teo proves that yon don't have to come from Paris to make a strong fashion statement THE creators behind local fashion label Project Shop work in a very different environment from the hip-and-happening image they portray. Their office is located in Bedok,
        686 words
      • Article, Illustration
        Doing a disservice to Defoe
        655 24  -  CINEMA Moll Flanders acquires a conscience in Pen Densham's movie, and loses some character in the process By] Holly Harrison IN SCHOOL it was called plagiarism, in Hollywood it's called "business as usual". I'm speaking of the recent trend in movie making of usurping someone
        655 words
      • Article, Illustration
        Non-stop action in Alcatraz
        510 24  -  CINEMA The Rock is a load, fast-paced and explosive thriller that makes few demands on your patience or mental abilities. So go ahead and enjoy it By\ Shahiron Sahari THE twist in The Rock, the latest movie set in the high-security prison that was Alcatraz, is
        510 words
      • Article
        A last fond look at Singapore sitcoms
        576 25  -  TELEVISION A gas station is an unlikely setting for a comedy, bnt Don't Worry Be Happy manages to generate laughs with impressive ease By. Kevin Sullivan IT'S A marriage of such infinite convenience the only surprise is it hasn't become a sitcom staple
        576 words
      • Article, Illustration
        WHAT'S ON
        429 25  -  Compiled by Holly Harrison OOMCERTS Andy Lan Check out why singer Andy Lau is more than just another "Heavenly King". He'll be performing two shows this weekend at the Suntec City Convention Hall. Tonight and tomorrow at Bpm. Tickets at $50, $100 and $180 are available at all
        429 words
    • EPICURE
      • Article, Illustration
        Lock icon Rich gravies and hearty sauces
        845 26  -  Yu Jia Zhuang, the new Shanghainese restaurant at Suntec City's Fountain Terrace, is packing in the crowds at lunchtime even without the help of Gong LI jadcb be finds out what's cooking JAIME EE The sight of a packed restaurant in Suntec City at lunchtime
        PHOTOS COURTESY OF YU JIA ZHUANG RESTAURANT  -  845 words
      • Article
        Corrections & clarifications
        23 26 Corrections clarifications LAST Saturday, we printed the wrong telephone number for EMOH Cafe. It should be 438-0658. We apologise for any inconvenience caused.
        23 words
      • Article, Illustration
        The latest hot chick in town
        627 26  -  FAST FOOD If you're wild about chicken, you'll want to try out El Polio Loco at Lorong Mambong By I Corinne Kerk RENTS are so steep in Holland Village that we've always wondered how a particularly large but quiet shop selling refrigerators, fans and
        627 words
      • Article
        Alsace's noble grape
        869 26  -  WINE CONNOISSEUR Chardonnay may be the crowd favourite, but discerning palates swear by Riesling By\ N K Yong SOME eminent wine authorities, including one of England's most famous, Jancis Robinson, believe that Riesling is the white wine grape of the future. Will it ever displace the übiquitous
        869 words
    • Article, Illustration
      CINEMA
      1173 27 Balto. Cartoon film based on a true account of a courageous half-breed (wolf and husky), who leads an Important dog sled expedition through a blizzard. >* Lido: 11.15; 1.45; 4.15; 7; 9.30. Yishun: 11.45; 1.40; 3.30; 5.20; 7.10. Bishan: 12.10; 4; 5.50; 7.40. Tiong Bahru: 10; 11.50; 1.40; 5.55;
      1,173 words
    • TRAVEL
      • Article, Illustration
        Lock icon Going for gold Down Under
        1097 28  -  One and a half centuries after the Gold Rush, it is still possible to relive those heady days of instant fortunes at Ballarat abdul hadbx arrives at Sovereign Hill all ready to mine a rich chapter in Australia's history ABDUL HADHI IN THE 1850s, Ballarat
        PHOTOS COURTESY OF BALLARAT HISTORICAL PARK ASSOCIATION  -  1,097 words
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      1948 27 TODAY'S TV ■»jA—■MMllim WBUlimi BKJL R3| 9J90 K Balachander Festival 11.00 AM TV Innovation. 111 >'T i i Slndhu Bhalravl. T T i CKirimrMoM oino'c rioht LOO PM Golf: APGA 96. 1120 AM TV Innovations. Undercover Shirley MacLaines right Olympics Highlights. 240 Close. to dance the daring 3.00 And Th«y
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