The Business Times, 21 September 1996

Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046/12/95 SINGAPORE Internet http://www.asial.com.sg/biztlmes WEEKEND EDITION, SEPTEMBER 21-22,1996
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  • 681 1  -  Poor prices in key electronics segment hit non-oil domestic exports By Genevieve Cua [SINGAPORE] The Republic's non-oil domestic exports dipped sharply by 6.3 per cent in nominal terms in August, dragged down by the continuing overcapacity and poor prices in the key
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  • 193 1  -  By- Paul Leo [SINGAPORE] The Singapore economy is facing only a temporary slowdown and should pick up soon with improved domestic and external demand, aided by the yen's strength, said Lehman Brothers global chief economist John Llewellyn. The London-based economist, on an Asian tour to
    193 words
  • 449 1 Some upside potential bat a correction possible soon AFP [KUALA LUMPUR] The Malaysian stock exchange's Second Board rallied past the 600point psychological level yesterday, prompting calls by analysts for caution. While there is still some upside potential on the Second
    AFP  -  449 words
  • 400 1  -  By I Christopher Tan [SINGAPORE] The invite said: "Bring along your Aston or Ruf. If neither is available, a sports car from your stable of cars is also welcome." Going by the Rufs upgraded Porsche 911s and other cars lined up at the
    ARTHUR LEE  -  400 words
  • Page 1 Advertisements
    • 97 1 mum f m littered with ooWsncttog Tbai restaurateurs are cooking up a statin outside tbe country, HUI jggfflSl figL With this set of trade numbers, It looks like the STII will Stay trapped In the narrow since §L'i Smi Wrnri, pg -X To be expected. The market's true fhllowers have
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    • 9 1 Fund mwtmufight shy of KL 2nd Board, Pg 4
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    • 41 1 P -;v s "'Jv* '"&**>jrPS* Hyundai Electronics chips are now used in the hi test voice recognition command systems. for computers that might be the next generation of great listeners. i j .XfMP. 'f|SP &k w W W: w W ■i
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  • SINGAPORE AT HOME & ABROAD
    • 517 2  -  CEO questions their choice of benchmark at Cost Review Committee hearing By Chuang Peck Ming THE opposition Singapore Democratic Party and Singapore Malay National Organisation have again got their sums wrong to support their claim that HDB flat prices have "increased
      517 words
    • 370 2  -  Only 31% in survey nse Internet; but yenth more aware if IT benefits By Audrey Tan THE Internet is not as widely used as is generally thought, though younger users are more appreciative of the benefits of IT, a joint study by the
      370 words
    • 230 2 SINGAPORE MRT Ltd (SMRT), the operators of the Mass Rapid Transit system, posted a 24 per cent rise in af-ter-tax profit to $134.9 million for the year ended March 31. Turnover rose 10.9 per cent to $280.2 million from $252.7
      230 words
    • 153 2 THE International Monetary Fund (IMF) yesterday opened to the public its electronic bulletin board where subscribing member countries describe their dissemination practices for economic and financial data. The bulletin board, which is accessible on the Internet, contains information on what sort
      153 words
    • 371 2  -  Govt measures will promote rather than impede Net technology: BG Yeo By Kenneth James ADMINISTRATORS of Internet systems in Singapore will be required by law to safeguard information in their care. Information and the Arts Minister George Yeo said in a recent BBC interview. In
      371 words
    • 402 2  -  By I Soh Tiang Keng SOUTH Korean conglomerate Samsung plans to increase its investments in Asia by four times from the current US$l billion (Ssl.4 billion) to US$4 billion in five years. This was revealed last night by Min Jae Hong,
      402 words
    • 258 2  -  By Yong Mei Fong SINGAPORE'S shipping industry must further strengthen its maritime support services and expertise, and make better use of technology and innovation to overcome resource constraints. All this will place it ahead of the keen competition from regional countries, said
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  • Page 2 Advertisements
    • 309 2 TOCUS I your way out of 1 fsJS A rswtutionirv flm method of itreii manaoemsnt. There have beenmany traditional methods The Open Focus Workshop will be led by In managing stress ranging from yoga to Dr Lea Fehmi who developed this approach taichi to meditation and these have varying over
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    • 18 2 ParitaaHßtto sttooOctl PARLIAMENT will hold its next sitting on Oct 1. The session will start at 12J30 pm.
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  • Page 2 Miscellaneous
    • 409 2 I'm WEATHER port Slight chance of showers in the afternoon. Temperature (33-25) FirtSi WU* <ML ■■!>! mld+ Cmmd. liinlm WW Oai. 17*8 Uoady Inn 14*7 CVwh Alarit 14/18 Tan r*m Mkm W\l Ctart BnaAn 11/11 M U/n c kmtr M 11*8 (VMdN Ofcagi n/tt Skowtn tmkq Stown Bob itai Omtf
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  • Page 3 Advertisements
    • 354 3 I 1 I 3some isi //f a; I An Oasis, green and peaceful. In the gaze the colourful Bg^^H birds of the tropics flutter their wings of liberty, bringing to 1 I all around. It's time to celebrate... the wonderful joy of life. That's I the world of the Sherwood
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  • FOCUS: PERSONAL FINANCES INVESTMENT
    • Article, Illustration
      703 4 Those polled for their views on next week's Singapore stock market outlook are: Daiwa Securities, Fraser, GK Goh, ING Barings, Merrill Lynch, Deutsche Morgan, Peregrine, Phillip Securities. McptoM Orisrt Ums ♦(Avoid) —Fraser Securities Ltd, Sep 17. Profit at half-time was down 44 per cent to $10.2 million. The
      703 words
    • Article, Illustration
      364 4  -  Peter Douglas director, Abtrnst (Stafspore) Ltd ifP HE last year or so has I been tough for many X local stock market Investors. But let's for a moment leave the cold reality of ever-falling stock prices, sit back, and daydream. I invite you to dream of a
      364 words
    • 939 4  -  Despite bearish market investors can find ample opportunities in East Coast and Hillview area By, Abdul Hadhi [SINGAPORE] Despite the current bearish sentiment, the intrepid property investor may find that ample opportunities exist all over the island if one takes the trouble to sit down
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    • 931 4 Hie gains can be phenomenal tat the risks are too great, say wary investors Bloomberg Business News [KUALA LUMPUR} For investors scared of heights, the message is inescapable: steer clear of Malaysian small stocks. The advance that's driven the Kuala Lumpur
      Bloomberg Business News; FILE PHOTO  -  931 words
  • Page 4 Advertisements
    • 127 4 EXECUTIVE Appointments •TO ADVERTISE CALL TOLL-FREE 1800-741 1883 Dealers Minimum 3 years' experience in equity research or dealing or related experience in finance, accounting, auditing or business ■HMHttM Strong analytical skills coupled with excellent communication skills Highly ambitious with good track record Preference will be given to Malaysians The positions
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  • REGION
    • 562 5  -  BEIJING China's new taxes dent profits by jacking up project costs 35% to 40% By] Peter Seidlits HIGH operating costs in China are forcing some multinationals to rethink their investments and joint ventures, a far cry from the heady days some years ago
      562 words
    • 357 5  -  BANGKOK By Loh Hui Yin THAILAND'S central bank, under fire for inaccurate economic forecasting, yesterday moved to tighten the release of key economic data and reshuffled its economic research unit. The Bank of Thailand said it will no longer issue preliminary figures on
      357 words
    • 271 5 HONGKONG Sentencing on Monday; Tjui said to have heart problem AFP GEORGE Tan, former head of the collapsed Carrian property and finance group, pleaded guilty yesterday to two counts of conspiracy to defraud. Tan, 58, pleaded guilty before high court judge
      AFP  -  271 words
    • 426 5  -  JAKARTA By I S N Vasuki THE Indonesian navy has disclosed plans to step up patrolling of the Natuna Islands, where an American consortium has embarked on a US$4O billion (Sss6 billion) venture to exploit one of the world's largest natural
      426 words
    • 259 5 KUALA LUMPUR Budget will alse take steps te tackle deficit: Anwar AFP Reuter MALAYSIA'S 1997 budget will outline tax Incentives for high-technology Industries and focus on cutting the balance of payments deficit, Deputy Prime Minister Anwar Ibrahim said yesterday. "More tax Incentives
      AFP; Reuter  -  259 words
    • 361 5  -  THAI KO-COMTFIDEWCE DEBATE Speculation is there could be major cabinet reshuffle Prom Loh Hui Yin in Bangkok A PALL of uncertainty hung over Thailand's financial markets yesterday as they await this weekend's crucial vote in Parliament which will decide if Prime Minister Banharn
      REUTER  -  361 words
    • 173 5 HONGKONG AFP A PROTEST voyage to a disputed island chain in the East China Sea will begin tomorrow, after getting clearance from Hongkong marine officials, organisers said yesterday. The head of the Alliance of Worldwide Chinese for the Protection of the Diaoyu Islands,
      AFP  -  173 words
    • 315 5  -  SINGAPORE By Harish Mehta VIETNAM needs to build up to an additional 25,000 hotel rooms by the year 2000 to keep pace with growth in tourist arrivals; despite a slump, Vietnam's ambassador to Singapore, Nguyen Due Hung, told a seminar on tourism in Singapore
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  • 1292 5 cm FU6OT ETA FU6HT ETO ***** 2*5 M*94 *40 MalaUa S0230 *30 Wraa>fa S0W7 *55 S0970 OOP 1 Ha CM MM VW741 t310 VK740 1410 *—ia MT OOP EK72 1730 S0174 1415 toitafiai KU43 0455 KL830 2300 SOT73 WOO EK73 2340 0125 0650 SO346 2330 Maaj
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  • REGION/WORLD
    • 546 6  -  HumaiMHaa WASHINGTON Mm comes as polls show Republicans candidate behind US President By Leon Hadar REPUBLICAN presidential candidate Bob Dole is planning to launch a major attack against President Bill Clinton's trade policies during a speech he is scheduled to
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    • 290 6  -  HONGKONG By Quak Hiang Whai ONLY one in four persons prefers Hongkong to join China and would remain in the territory under any circumstances, providing a weak base on which the new sovereign power can count cm, according to a Hongkong
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    • 237 6 KANGNUNG, S Korea Reuter A MASSIVE search for North Korean infiltrators who landed by submarine in South Korea moved to an area of mine shafts yesterday after fierce gun-battles raged through the night. Security forces believe several agents are holed up around
      Reuter  -  237 words
    • 394 6  -  LONDON But directors were impressed by Leeson's fr&odnlent profits By] Neil Behrmann TRANSCRIPTS of confidential Barings tapes show that Barings directors and managers were so impressed by the fraudulent profits of Nick Leeson that they were hoodwinked by the former trader. The
      394 words
    • 194 6 BANGKOK Bloomberg Business News AFP US PRESIDENT Bill Clinton will visit Australia and Thailand In November, and this will be the first such trip by an American head of state in 27 years to Thailand. Mr Clinton, to be accompanied by his wife Hillary, will
      Bloomberg Business News; AFP  -  194 words
    • 529 6  -  UTVBtFBOM Polls conld usher in an era of democratic rale In Kashmir By Yogi Aggarwal AFTER seven years of militancy, the strife-torn Kashmir valley in India is witnessing a return to democratic rule. While militant activity is far from over, the popular response to the ongoing elections
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  • Page 6 Advertisements
    • 605 6 INTERNATIONAL FACTORS (SINGAPORE) LTD (Incorporated in the Republc of Singapore) UNAUDITED HALF-YEAR FINANCIAL STATEMENT The Board of Directors of International Factors (Singapore) Ltd wishes to armounoe the (blowing unaudtod resuta of the Group and ofthe Company tor the six months ended 30 June 1996. THE GROUP TTHE COMPANY 1996 1995
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  • Page 6 Miscellaneous
    • 116 6 POOHESBURY By Garry Trudeau NW, TTSBBHSTDHB 600DUMLL PHL-E&EOAUy SAV XXTRE EXXON, AND W TH4T FHRK SPONSORSHIPS PORTHOiEOFYOUINTHB I I WUCFLOUtt I YOURE the (£UU>BE PRETTY PRKEY EXTRACTION NPUSTRJ&! TTS W W I PRF&VE' J 6CS£<gyl FOR PKM4TB INDUSTRY. MONEY IN THE BUNK FOR J BETWEEN WAND A RR. GUY ON
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  • COMPANIES & MARKETS
    • 582 7  -  Components supplier to offer about 33m new dura in a US dollar listing on SES By, Annette Pau [SINGAPORE] Mainboard aspirant Nat Steel Broadway Ltd (NBL) plans to expand its business by stepping up manufacturing in China and acquiring related businesses
      ARTHUR LEE  -  582 words
    • 384 7  -  Be was recently reinstated; Rafiq now centrals group By< Abdul Hadhi [SINGAPORE] In yet another twist to the Scotts Holdings saga, A R Jumabhoy has resigned as executive chairman. In a short statement, the group said it had received a letter of resignation
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    • 692 7  -  HOCK LOCK SIEW R Sivanithy ONE area of the local stock market that seems to have been ignored recently is the covered warrants sector, where the majority of these instruments are currently trading either at par, conversion discounts, or very small premiums
      692 words
    • 188 7 [SINGAPORE] Boustead pic, Jack Chia-MPH's 61 per centowned UK subsidiary, will be suspended from trading on the London Stock Exchange (LSE) from Monday. JC-MPH stated that Boustead "is considered substantially a cash company" after disposing of its loss-incurring subsidiary ACTS Ltd in
      188 words
    • 378 7  -  Mr Hong has been asked to ran the firm as chairman By( Conrad Raj [SINGAPORE] Businessmanarchitect Albeit Hong, who on Thursday bought 11.5 mfilion shares or a 10 per cent stake in Sum Cheong International, yesterday denied he was allied to either of
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    • REGIONAL COMPANIES
      • 280 8 Rise prompted by ownership change and firm's Ms463m land purchase Bloomberg Business News [KUALA LUMPUR] Bridgecon Bhd shares surged to a record high yesterday after the construction company unveiled a change in ownership and said It bought a plot of land for M
        Bloomberg Business News  -  280 words
      • 434 8 Talk is that founder may sell part of stake to American bank Bloomberg Business News [KUALA LUMPUR] Shares in Rashid Hussain Bhd, a financial services group, surged to a record amid speculation its founder may sell part of his stake to a large international investment
        Bloomberg Business News  -  434 words
      • 393 8  -  From, S N Vasuki in Jakarta THE Lippo group's amendment of a controversial 900 billion rupiah (*****.3 million) restructuring plan is likely to create a smooth passage for the plan during next week's shareholders' meeting, analysts said. They also feel that investors
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      • 169 8 [SINGAPORE] The allocation of homegrown switchgearmaker SMB United Industry's initial public offering of shares favours small investors. All those who apply for a single lot will be allocated their full application. The ratio then declines to 103 lots each for those who apply for
        169 words
      • 69 8 Bernama [KUALA LUMPUR] Eden Enterprise (M) Bhd ended its first trading day on the Kuala Lumpur Stock Exchange Second Board yesterday at M 50.75, recording a premium of M 57.25 over its offer price of M 52.50. The established food, leisure and entertainment group started at
        Bernama  -  69 words
      • 122 8 [SINGAPORE] International Factors (Singapore) yesterday reported an 85 per cent jump in group net earnings to $2.93 million for the half-year ended June 30. The surge was achieved on the back on a 41 per cent rise in interim gross operating income to
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      • COMPANY Briefs
        • 68 8 [SINGAPORE] Asiamatrix Ltd has cut its losses for the interim period coded June 90 to f1.34 million, again* H4B million in the previous corresponding period. Grotqp turnover improved by 12 per cent to f&ST mHllon. There was an extraordinary gain of $622,864 from the sals of
          68 words
        • 42 8 [SINGAPORE] Great Eastern Life says Peter Poo Chien Ho and Peter NgLoh Ken have reeigned as chief operating officer and company secretary roepectively. Elisabeth Teoh Pek Har has been appointed company secretary with immediate effect x
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        • 62 8 [SINGAPORE] Wing Tai Holdings says wholly-owned VlnteithlnvoaUnenlPte Ltd has proposed end the company's audit eomaittes has approved the sales of two units qflte property development to relatives of director Chang Wai Keung. The discount of 6 per cent given are no more
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        • 45 8 {SINGAPORE] Intraco Ltd has promoted Tay Kim Hock to chief operating officer retrospectively from July 1, the company said yeeterday. Mr Tay, who has been with the group since 19*7, was group general manager in the last four years.
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        • 78 8 Corrections clarifications YESTERDAY'S earnings report on Clipeal Industries contained some wrong figures. The correct flguree should be: group turnover rose 15.4 per cent to |80 J million and net tangible asset per share roee to f1.29 from $1.17. In our report "Changi Heights sale in phases" on Thursday, we erred
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    • REGIONAL/INTERNATIONAL COMPANIES
      • 220 9 Bloomberg Business News [WASHINGTON] Microsoft Corp's long anti-trust battle with the Justice Department looks ready to move into a new front as Microsoft on Thursday said federal investigators are looking into its business practices in the company's escalating "browser war" with Netscape Communications Corp. The
        Bloomberg Business News  -  220 words
      • 295 9 Hit meyie, cheaper newsprint, higher ad income the reasons Bloomberg Business News [SYDNEY] News Corp chairman Rupert Murdoch said profits will rise in fiscal 1997 because of its hit film Independence Day, lower newsprint prices and higher advertising income at Fox
        Bloomberg Business News; FILE PHOTO  -  295 words
      • 447 9  -  Aussie firm's prefects include transmitter, telecoms services By. Harish Mehta [SINGAPORE] Australian telecommunications giant Telstra Corp has invested about US$7 million (Ss9.B million) in projects in Laos, a vital part of the company's commitment to strengthening its position in the
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      • 130 9 Bloomberg Business News [FRANKFURT] Deutsche Bank AG said it has acquired Chase Manhattan Trust and Banking Co (Japan) Ltd from Chase Manhattan Corp. The Japanese finance ministry and fair trade commission approved the takeover yesterday, Germany's largest bank said. CMTB will change its name to
        Bloomberg Business News  -  130 words
      • 296 9 Bloomberg Business News [MELBOURNE] The Broken Hill Proprietary Co Ltd, Australia's largest resources company, said its first-quarter net profit fell 22.8 per cent because of lower copper prices and steel export prices, and reduced domestic demand. The June-August profit was As2B7 million (*****.8
        Bloomberg Business News  -  296 words
    • FINANCE & COMMODITIES
      • 390 10  -  Rumoured 25-50 baas point rise not seen taking steam out of bullish US equities By\ Siow Li Sen [SINGAPORE] Even if Tuesday's meeting of the US Federal Reserve Board raises interest rates, this probably will not excite the futures market, unlike
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      • 383 10 Bloomberg Business News [MELBOURNE] Colonial, Australia's sixth-largest financial institution, said it will sell A 11.5 billion (511.6 billion) in shares and options to its 538,000 policyholders. The shares are available for public trading in early 1997, Colonial said. A further As3so million
        Bloomberg Business News  -  383 words
      • 153 10 [SINGAPORE! Overseas Union Bank and Singaporebased WestLß Asia Pacific have arranged a US$4O million (SIS 6 million) offshore loan to Thailand's Union Asia Finance (UAF). The three-year loan, with interest at 0.75 per cent above the Singapore Interbank Offer Rate, was signed in Singapore
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      • Article, Illustration
        86 10 [TEMBAGAPURA, Indonesia] Mining engineers collecting samples of minerals from a hole drilled inPTFreeport Indonesia's Grasberg mine in Irian Jaya earlier this month, US-based Freeport McMoßan Copper Gold Inc said on Wednesday it had discovered more gold and copper at the mine. extent of the copper-gold zone. With a
        AFP  -  86 words
      • 408 10 USS/mark: As expected, bulls were stalled this week, with the US$/mark rangebound between 1.5050 and 1.5161 for the first four days. Buying interest lifted the unit to trade around the 1.5185 level yesterday afternoon. Resistance and support levels are seen at 1.5260 and at 1.5050 respectively.
        Source: DBS Bank  -  408 words
      • 224 10  -  By\ Shiv Taneja [SINGAPORE] China's fifth largest bank, the Bank of Communications, yesterday officially opened their branch in Singapore yesterday. The bank's chairman, Wang Ming Quan, said the bank was China's first nationwide shareholding commercial bank, and the branch here was part of
        224 words
      • 202 10 StMEZßeport Reuter [SINGAPORE) Simex Euroyen and Eurodollar futures shuffled to a listless finish yesterda, as a dearth of fresh leads and growing caution ahead of the Federal Reserve's policy meeting next week dampened activity. Euroyen futures received some support from a sell-off in Nikkei markets ahead
        Reuter  -  202 words
      • 161 10 Reuter AFP I THE dollar failed to gain much ground against European currencies, but made some significant progress against the yen, nearing the 110 level. By 1445 GMT, the dollar was worth 1.5158 marks from 1.5134 on Thursday. It rose to 109.87 yen from Thursday's 109.43. The dollar's
        Reuter; AFP  -  161 words
      • 299 10 ENERGY REPORT Reuter [LONDON] The Organisation of Petroleum Exporting Countries (Opec) should make the most of an oil revenue windfall by keeping quiet about its output quota violations and let surging demand quietly absorb the extra barrels, Opec delegates and oil analysts say. The
        Reuter  -  299 words
      • Article, Illustration
        1225 10 DHUEBAMg CROSS KATBI Sep20 ar dH "1 is 5515 sS i&jSBS a S iSjSjsS'S ChJfti 0.151 0.165 0.096 0.417 0.182 1929 4.291 1787 0.132 0.989 0.301 0.172 4«0 1« 0JI9 OMO W49 U03 1050 0477 0120 ECU L577 1716 10.426 6.434 1898 9485 44.*****.054 U76 ***** 3.133 *****1J95 ***** 1765
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    • 1229 11 BIOOM FUTUIE8 Sep 20 m?«enu^t*h/i* 5J(w OOM MMN OPM MI m U» stt <MM») Mtomt Oct M *150 *150 *2.50 SO 175 MM *2.00 IC2J0 m.09 250 WO OtcM *5.50 2190 J«/Mv n *9 JO 7725 A#r/JW 97 *0.00 3750 Wfcptt 190.50 wicamMcrwtMMi* «NM om* Moatli Mgl Lot
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    • 1918 11 h>M Nata *b A. A. Car* A* 941/4 ABParts 285 -4 AMay National *22 -4 AIMLfWI 4*2 -7 AfflK 104.400 -1 Arfyfl 346 AsdaGroup 10X400 -.BOO •ATM 442.400 J BtCC 104.400 -13 *OC Group *74.400 L400 MMrMun *44 -2 ■T* 2*2.400 2 •Mil Scotland 254.400 -5.400 Barclays
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    • 1541 11 Reuter Qnuasj -am STOCKS closed lower yesterday as participants were prompted to square their positions ahead of the long weekend amid uncertainty regarding domestic politics and worries over the New York stock market before a US policy-making meeting, brokers said. The key 225- issue Nikkei Average closed down 210.61
      Reuter  -  1,541 words
    • Article, Illustration
      1655 12 Bloomberg Business News QHaugSeog -HL6B STOCKS were mixed yesterday as declining corporate borrowing costs drove HSBC Holdings to a record high. HSBC and electric utilities pushed the benchmark Hang Seng Index to within two points of a 31-month high. The rise was checked by a slump in some property
      Bloomberg Business News  -  1,655 words
    • Article, Illustration
      585 12 Reuter n Shanghai B Share Index +OJS SHANGHAI B shares ended up yesterday on a technical rebound on domestic buying of Pudong shares, but many investors were waiting for clarification of Beijing's position on mainland Chinese trading B shares, brokers said. The B Index ended up 0.15 point to
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  585 words
    • 370 12 AFP QWFlnfax -3107 SHARE prices finished 0.6 per cent lower yesterday as investors sold heavyweight issues. "Investors sold large-capi-talisation shares, despite robust performances of low-cost issues of listed firms with land assets," said Lei Pei-yu of Pacific Securities Co Ltd. The TSE Weighted Price Index declined 36.07 points to
      AFP  -  370 words
    • 265 12 Reuter Q Wellington -0.72 SHARES closed just a shade lower yesterday, with brokers reporting quiet trading after a big portfolio sale pre-opening. The NZSE-40 Capital Index finished 0.72 point off at 2,238.88. *a nm AH2 6*Mmq 7.75 unch 4646 AOvtnt *got HMgt US unch 6060 Air Now Zealand (A)
      Reuter  -  265 words
    • Article, Illustration
      818 12 AFP n SET Intel -148 SHARE prices fell 0.2 per cent yesterday as investors were sidelined on the final day of a parliamentary no-confidence debate against Prime Minister Banharn Silpa-archa, dealers said. "Foreign investors were mainly sidelined, while local ones were seen hunting for bargains near the close," said
      AFP  -  818 words
    • 407 12 AFP PCompoßfrlain -I3JO SHARE prices plunged 1.8 per cent yesterday, as North Korean infiltration into the South scared away investors and margin-linked selling fuelled the poor sentiment. "The sudden North Korean infiltration conspired to hurt sentiment," said Hwang Soon Tae with Kyobo Securities. He added that the planned raising
      AFP  -  407 words
    • 610 12 AFP DAflOrihiriM -13 SHARE prices eased yesterday, driven lower by fears of a US rate rise and weakness in major mining group BHP, which announced a 22.8 per cent slump in interim profit. Lance Jones broker Ham ish Dee said the market was trading cautiously ahead of next week's
      AFP  -  610 words
    • Article, Illustration
      727 12 AFP POwßOßtahte +3b43 SHARES closed 0.6 per cent higher yesterday as foreign funds bought selected blue chips, dealers said. "Certainly some foreign buying is continuing," said Usaha Bersama Sekuritas sales manager Alastair Bruce. The Jakarta Stock Exchange Composite Index rose 3.43 points to 568.99. Turnover was 114.7 million shares
      AFP  -  727 words
    • 337 12 n Manila +6J» SHARE prices closed 0.2 per cent higher yesterday in ru-mour-driven trade. A dealer said investors were "just buying speculative issues based on circulating rumours" regarding supposed dividends and lucrative deals in the pipeline. The Composite Index rose 5.19 points to 3,242.22. Turnover was 19.9 billion shares
      337 words
    • KUALA LUMPUR STOCK MARKET
      • 7932 13 AFX-Asia FlOwnpogte Index +187 SHARE prices closed higher yesterday on the back of institutional buying of second-liners and select blue chips, dealers said. The KLSE Composite Index closed up 2.87 points at 1,130.60. Volume was 388.2 million shares worth MJ3.4 billion. A dealer with a
        AFX-Asia  -  7,932 words
    • WARRANTS&OPTIONS
      • 3718 14  -  WARRANT WATCH By\ R Sivanithy THE covered warrants sector here has been neglected largely recently, resulting in discounts appearing. If things do not pick up at all, these discounts will prevail right up until the warrants expire. Bearing this main qualifier in
        3,718 words
    • 2232 14 Or Or 1996 Last V«l Day Last Owata IN* OI« VW Mat M Cap HlgH Laar Mix Cwpg I* COOP) W» Law Bwyar Sa6ar CMr Pfl t— 625 360 mt SOOO AIS05OC 412 uncfi 21 414 406 402 414 5.0 4.9 03 85.8 4223 119 84 mi S001
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    • STOCK EXCHANGE OF SINGAPORE
      • 825 15 ;1BL 5 3 Imm «4 «4 2 4J0 1 430 o- M J& M SIMM 4.475 «H MAW CM TOT At s r: i ;i i i I FtoMM TOT 3 4 1 10 17 Matt* s Iff ft i n o sot t M i WntoWni Iff 2 7
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      • Article, Illustration
        65 16  -  Paul Leo MALAYAN CREDIT fell five cents to &19 with 1.62 n lion shares traded more than five times the lOday average of 309,900 units. Further downside is limited t $2.00. Average Directional Movement Index is indicating the downtrend, which began from the year high 4 3.30 in
        65 words
      • 913 16  -  STOCK MARKET COMMENTARY Bat across the Causeway, punters throw caution to the wind as they chase the Second Board Index to another record close By R Sivanithy [SINGAPORE] News of poor August trade figures helped take the steam out of
        913 words
      • ON THE GRAPEVINE
        • 83 16 WITH Thais glued to their television sets to watch the "live" telecast of the no-confidence debate against their prime minister in Parliament, enterprising advertisers have found a novel way of selling air time. Channel 9 and the ITV channel have offered crawlers advertising messages that
          83 words
        • 192 16 INSTANTANEOUS global communications took on an altogether new meaning for an investment banker, who recently used his company's e-mail system to write a rather personal note to her significant other. Instead of addressing the e-mail to her chappie, she inadvertently sent it off to the entire sales force
          192 words
        • 117 16 AT AN NUS lecture recently, free-trade advocate Fred Bergs ten, director of the US Institute for International Economics, couldn't resist telling this story he had heard from the Indonesian trade minister. Keen to sell to the Japanese, Indonesian companies kept submitting samples of wheel rims for their consideration.
          117 words
        • 101 16 THE developers of Chijmes, the converted convent commercial complex in Victoria Street, may be in a hurry to recoup some of its costs. According to one security officer, they were told by management to ensure that every car that enters the premises is valet-parked. The charge: $5.
          101 words
        • 93 16 ANG AH LAY, the former managing director of Malayan Credit, has joined hands with the Schroders Group to launch a fund that will invest in real estate in the Asia-Pacific region. The fund will make direct investments in real estate, but we understand that the
          93 words
    • 4419 15 Or Or M wt WM Loot VM Day iMtOwt* Mv VM Met Cap Aw* J«gk Leer MM* OMa COOOl Ml** U» lnylf 9a—r Cw >/» SaMl Ertto IKOUSTMALS 5144 ASE NTJ10 200 US- 2M 165 12M Acer SOc US176 -t 130 177 17* 17* ISO S OW 7.3
      4,419 words
    • 846 15 <**• U6t VI ftav Laat 0mm 0* Dk nl IM Cat Am i*w WW C—pmr Ml f—0> H» Law tar Mr Cw P/K $3 Ww 209 OS a 2000 AOMHMpSc MS -6 2* MO MS MS MO 1.0 tU 0.1 103.4 7 34 M7 90 60 a 2049 MwItOc
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  • Page 7 Advertisements
    • 73 7 ppggen pohffi The Ultimate Kitchen POGGENPOHL MOBELWERKE GmBH ANNOUNCES THE APPOINTMENT OF EUROKITCHEN HOLDINGS AS A SOLE DISTRIBUTOR FOR POGGENPOHL EXCLUSIVE KITCHEN SYSTEMS IN SINGAPORE AND INDONESIA. SHOWROOM OPENING SOON WITH THE LATEST KITCHEN INNOVATIONS, TREND-SETTING STYLES AND EXPRESSIVE COLOURS. LIMITED EDITION BY POGGENPOHL IMAGES BY POGGENPOHL SHAKKER TRADITIONAL DESIGNS
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  • Page 8 Advertisements
    • 1342 8 m Auric Pacific Group Limited Results for Year Ended 30th June 1996 The Directors of Auric Pocific Group Limited announce the following unaudited results for the year ended 30th June 1996: QHQUC COMPANY 1906 1088 Chang* 1886 1886 Chang* rooo rooo rooo B*ooo A. PROFIT AMD LOSS STATEMENT Tumov*r Existing
      1,342 words

  • Page 9 Advertisements
    • 236 9 If }> V■■ TjJ ~Y~llltS j Cast your vote now! J I I The following deserve to be honoured. i P I I hereby nomi/iite them: l -yJLV^ULv/JL X m°vsmissnmoFTmj- j N_ The Bujuum Timed and Comply: DHL Worldwide ExpreM I J Sj OUTSTANDING CHIEF EXECUTIVE invite you to nominate
      236 words



  • Page 12 Advertisements
    • 37 12 MONT* BIANC THE ART OF WRITING Available at MONTBLANC BOUTIQUES Singapore: Ngee Ann City #01-32 Raffles City #CH 3/A The Heeren #01-04 05 MONTBLANC CORNER Sincere Watch Lim'ited #01 013/015 Suntec City Mail md all authorised dealers
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  • Page 13 Advertisements
    • 28 13 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.
      28 words
    • 135 13 GIVE YOUR HAIR A NEW LEASE OF LIFE j Hay's formulation extracted from herbal plants is the key holistic approach for I with pure herbal extracts, to promote the I hair loss, damaged hair, premature greying and problems including dandruff, etc. j n,tur 100l 00 0 of your hair NEW
      135 words

  • Page 14 Advertisements
    • 66 14 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
      66 words

  • Page 15 Advertisements
    • 188 15 yPV VN Here's An Opportunity To Enhance Your Corporate Presence For *><***« or bookings, com** 111 I M I To launch the Singapore Regional Index, a Special Feature will be published with The Straits William Tan ,^l^? 11l I II Times, The Business Times and Lianhe Zaobao on 16 October
      188 words
    • 129 15 To SPH AudioTex Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Td 740-1493 Fax 740-2216 I wish to subscribe to the QukkStock's Portfolio Manager as follows (please tick the appropriate box; prices include GST). Subscription Period Ql2 months Q 6 month, Q 3 month, at Stttoe at S$4«.M
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  • Page 16 Advertisements
    • 428 16 BUSINESS Notices PS# PROVISIONS SUPPLIERS CORPORATION LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT RENOUNCEABLE RIGHTS ISSUE ("RIGHTS ISSUE") OF UP TO 82,500,000 NEW ORDINARY SHARES OF 550.25 EACH ("RIGHTS SHARES") AT 550.70 PER RIGHTS SHARE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING ORDINARY
      428 words
    • 607 16 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 59) AND IN THE MATTER OF TSAI A TSAI INVESTMENTS PTE LTD (Incorporated in the Republic of Singapore) (la Meat hers' Voluntary Liquidation* Al an Extraordinary General Meeting of (he abovenamed Company held at 24 Raffles Place. #26-05 Clifford Centre. Singapore *****1
      607 words
    • 423 16 r() ADVKRTISK (All. TOIJ -FRKK ISOO 7 4 I INB3 In the Matter of The Companies Act. Cap. 50 And MCCORKILLS OFFSHORE A INDUSTRIAL MARINE PTE LTD IN THE MATTER OF NOTICE OF MEETING OF CREDITORS NOTICE IS HEREBY GIVEN pursuant to Section 296 of the Companies Act Chapter 50
      423 words
    • 176 16 The" Business Times Paster. Shsryw. Deeper A bold new look and afresh approach to the news and views. Faster with the news, and with the meaning of the news. Sharper focus on business and markets. Deeper analysis erf trends, and more opinion and commentary. Start my Theßusii^Times Subscription now $265.20
      176 words

  • EXECUTIVE LIFESTYLE
    • 1284 17  -  Firstit was Chinese and Japanese food. Now, Thai cuisine has gone global, dished up by hard-headed business connoisseurs who know how to currv favour with an increasingly sophisticated restaurant market mlmm wan wonders if torn yum gung will one day be as familiar overseas as
      JEN CHUA  -  1,284 words
    • STRAWS In The Wind
      • 66 17 YOU've heard of the Singapore Pledge, but how about the MRT pledge, which we spotted on the Internet? This is how it goes: "We, the passengers of MRT Poise ourselves as one kan cheong people Regardless of old folks, kids or pregnant women To rush for unoccupied seats
        66 words
      • 57 17 HERE'S a true tale from the New York Times: With each visit to her manicurist, a woman keeps discussing her deteriorating relationship with her husband. Finally, the woman says she is considering a divorce. "What do you think?" she asks. "That's a very serious matter," the manicurist replies,
        57 words
      • 80 17 HERE are some actual excuse notes written by parents, which were posted on the Internet: Please excuse Gloria from Jim today. She is administrating. Carlos was absent yesterday because he was playing foot ball. He was hurt in the growing part. My son is under a doctor's care
        80 words
    • PROFILE
      • 1088 18  -  Christina Wang is building up a loyal following among professional women in their 30s and 40s. It's a customer base she enjoys working with, she tells oob hwhb lhmg GOH HWEE LENG POR MOST businessmen, the logical thing to do if your company is successful is
        CHRIS LOH  -  1,088 words
    • ART
      • 1325 19  -  At 53, Tan Swie Hian can already look back on an illustrious career of publications, outstanding achievements and international awards. bum MUJUtOH meets the man of many talents BEN MUNROE Tan swie hian stumbles out of the taxi clutching two intriguinglyshaped carrier bags
        PHOTO OF ARTIST BY ARTHUR LEE  -  1,325 words
      • 666 20  -  CINEMA Apart from John Travolta's stellar performance, Phenomenon has very little else to recommend it By Holly Harrison FILMGOERS beware: in Phenomenon's opening credits there's a lingering shot of a mewling kitten perched on an old car tire. If you can't stomach such
        666 words
      • 610 20  -  CINEMA A Time To Kill is the best movie ever made from a John Grisham novel, and it boasts a great new leading man as well By i Corinne Kerk YOU may not have been impressed by Julia Roberts in The Pelican Brief, or even
        610 words
      • 530 21  -  NIGHTSPOT This pub at the Hyatt isapopolar port of call for mariners and landlubbers alike Byi A Surendren THERE must have been lots of relics deep in the ship's hold which the mythical Captain David Brannigan brought up from the sea's briny depths. Now, they stand
        530 words
      • Article, Illustration
        386 21  -  Compiled by Holly Harrison THHATKB October The Necessary Stage presents an original and touching story (in English, Cantonese and Malay) about the dreams and ambitions of a handful of elderly residents who are neighbours. Written by Haresh Sharma and directed by Kok Heng Leun. Sep 25 to Oct
        386 words
    • EPICURE
      • 1328 22  -  Today*s mooncakes come in a tantalising array of menthol, hawberry, XO, mango, coffee, jasmine tea and other innovative flavours, oamnn khrx samples what's on offer at our local hotels CORINNE KERK LAS, these days, the mid-autumn festival has lost much of its original meaning for many of
        1,328 words
      • 262 22  -  jjt&STAURANT Eafle Jong is back at the Harjbour Grill with his ow* interpretation of clerical French rooking *4 Jaime Ee IF TOU've been wondering why the Hilton Hotel's Harbour Grill has been pretty quiet these days, with hardly any famous French chef popping by, it's not because
        262 words
      • 832 22  -  WINE CONNOISSEUR His work wis met with scepticism at first, bat Peter Vinding-Diers is now recognised MSB authority on yeasts in wine-making By N K Yong FLYING into Bordeaux airport on a sunny afternoon, the aerial view of some of the vineyards showed a carpet
        832 words
    • Article, Illustration
      1062 23 I¥e Clucks* s Alicia Sil verstone is a babysitter bm^juat can't resist R(A). Cathay: 11; 1; 3; 7. Hrtep. Robin Williams and Nathan Lane are back for limited run. R(A). '•>s£ Bugis: 11.90; 9 45 >:■ «2fLJ ■eea A Bee* (MevSk te Martk). This sexy Spanish film wel|K Goya
      1,062 words
    • TRAVEL
      • 1109 24  -  |he sites have been chosen, and the stage is being set for for four days of revelry in the Flinders Ranges. »>LLT hwbhww looks forward to September 1997, when the hills will ring with the sound of music HOLLY HARRISON TANDING in the Australian Outback beneath a
        HOLLY HARRISON  -  1,109 words
      • 255 24 Ticket prion (excluding airfare): Four different packages are available. Prices range from As36o to AJ69O per person, depending on choice of events. The closest international airport is in Adelaide. Direct flights from Singapore's Changl Airport are available on Quantas and Singapore Airlines. Quorn, Hawker and Wilpena are in
        255 words
      • 492 24 Environmentalist Brian Powell, who lives with his wife Fay near Quorn, just can't stop talking about plants. In fact, he's so enthusiastic about his work that he joined a busload of journalists as they headed on to their next destination so he
        492 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 31 18 a&pmt&r 11 J# V -~sl X "W 'Jv 4 m -?»V» ;f i 'WE#* m: Kir •> :,9! ORCHARD ROAD *02 22 1 HILTON INTERNATIONAL SINGAPORE TEL 733L003 PRADA iffc 'Warn-. -1
      31 words
    • 102 18 I> Clever, these Seasons ads. But what is 'American cuisine'? Our copywriter is Bulking. No puns, no witty turns of phrase, he's heen told. Just the straightforward information that contemporary American cuisine is the creative use of ingredients naturally low in fat, sodium and cholesterol to mastermind a gourmet menu
      102 words


  • Page 20 Advertisements
    • 51 20 When the Market gets Going, the Savvy go 4| m CtlU ....i• >*>-*y«, -Mm, t igs j*m <*f<**Fs j£fc' > -gf jgP,' Singapore and Kuala Lumpur stock prices on BT Stockwatch— http://www.asial.com.sg/btstocks on the Internet. SITE FOR SINGAPORE AND ASIAN BUSINESS NEWS AND INFORMATION For an Internet account call Cyberway
      51 words

  • Page 21 Advertisements
    • 676 21 of the most ap p tO dlllC 3-lid 1 i Winking of Christmas My?! Mow i Lj?> tjanquet V T323 2292 1 5 r *M|RAIIKOIfOII 165 Tanjonc Pagar Road Singapore *****9 TEL 224 4488 TELEX RS ***** AMARA FAX 224 3910 j I Ist to 30th September 1996 I I
      676 words
    • 177 21 m BiQQEST Dian Xin Restaurant At The Neptune on Shenton Way Dian Xin/Lunch I j 11.30am-2.30pm 7TH floor, overseas union house. COLLYER QUAY. SINGAPORE *****1. TEL: 224 3922 I "Dine for Free" Lucky Draw 1 Sep 31 Dec 96 Each week, we will be Siving a full refund* for the
      177 words


  • Page 23 Miscellaneous
    • 2117 23 TODAY'S TV RECOMMENDED VTEWIHO FrmdmrnU M? f l ILOO AM TV Innovation. j *O0 Dari Seberang cab. Just imagine the Lo PM Golf: APGA96 j vJUdI Uidll 3.00 Soccer: Italian Summer- J 449 Babaand Nyonya 1 complications that arise. time Friendlies 96 AC I*oo1 *00 Dwi Vista. anffel Milan vsJuventus.
      2,117 words