The Business Times, 10 October 1996
1996-10-10
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The Business Times
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Title Section13 1996-10-10 1 THE BUSINESS TIMES MITA (P) 046^12^95 85e SINGAPORE Internet http://www.asial.com.sg/biztimes THURSDAY, OCTOBER 10,199613 words
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Article55 1996-10-10 1 BSU+it* mm btoomp U ZISTjM (+4.43) MVMttA EJmui (+11.01) CI HAXKET MOOD; MM Miiij mmmiuammm Wednesday Change KLSKCOMP UMi* ram M/OUX—w.n NAHQ8BW I12MJ7—M4t8t setwwx m.H JAKARTA OOMP—MUf 4.41 MANILA COUP —11*24 II* TAIPH WPI VBM 8TOUL00MP ***** €USA CHINA B WRM 1» AUST ALLOW) _U»7 -tl* lpa EDT55 words
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Article59 1996-10-10 1 m ubs mm vm rm x m mm uu Ywit- MM—u» m um—mm hks t» in IAHT UM UM ■DT1AH 1M MO MM nDKB BATES SOtBAfOtt* £44 KUALA LUMPUR Ml JAKARTA ttM BANGKOK 1126 HONGKONG MM TAIPEI Ml Minim/ btPWKI Hn TOKYO SjM 8S06L MJi amor IN mANKJUIT*** 4Jt59 words
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682 1996-10-10 1 Catherine Ong - Plan comes at a time when some predict surplus of hospital beds in the region Reports by Catherine Ong [SINGAPORE] The Hong Leong group is mulling over plans to convert the three-star Novotel Hotel along Dunearn Road into a boutique hospital even682 words
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419 1996-10-10 1 Joint venture aims to enter healthcare market in Asia (SINGAPORE] Chase Capital Partners and Management, a venture capital company belonging to America's biggest banking group, has teamed up with a breakaway group from the Mount Elizabeth Hospital chain to enter the419 words
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Article, Illustration292 1996-10-10 1 Larry Wee - Coalition likely to depart from current pro-business policies By] Larry Wee [SINGAPORE) New Zealand dollar investors and traders could be in for an exciting time next week, and possibly for up to another two months, following the country's firstSource: Bloomberg; ALLAN - 292 words
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Article, Illustration593 1996-10-10 1 Ven Sreenivasan - Youth wing chief Thamby Chik also ousted by challenger From Ven Sreenivasan in Kuala Lumpur IN a sensational upset, Malaysia's International Trade and Industry Minister Rafidah Aziz lost her leadership of the women's wing of the United Malays National Organisation in party polls593 words
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Page 1 Advertisements
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Advertisement103 1996-10-10 1 Ptiotiivthls car is almost as natural as breathing, P*l4 Wall Street's talking Will the Singapore stock market follow Wall Streets way? P|lB MHWBVMJDB this pg. Market impact likely to be mulrt. pg IS. Positive. Company can take advantage of tax incentives under to pioneer status, which has been extended tfflim103 words
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Advertisement26 1996-10-10 1 Blue-chip Wpm* The Jakarta stock market was in retreat againyesterday as fund managers cashed out of blue chips like HM Sampoerna and PT Telkom, Fg 626 words
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Advertisement44 1996-10-10 1 Move to specialised centres seen amid rising costs, Pg 3 Outlook against Singapore dollar uncertain, Pg 10 What the fundamentals say of the NZ dollar, Pg 10 Inflation-control the Kiwi way, Pg 10 How good a bet are the Aussie, Kiwi currencies, Pg 1944 words
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Advertisement161 1996-10-10 1 No Joining No /SHffify X S Credit Link provides you with a personal And yes, with Credit Link, there's no joining fee, no revolving credit line of up to $50,000. annual fee, no guarantor and no hassle. So opening < a Credit Link account is absolutely free, and you only161 words
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SINGAPORE AT HOME & ABROAD
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229 1996-10-10 2 h fftE Parks and Recreation Department's (PRD) first tender of two sites in Pulau Übin received seven bids in all, yifith the highest bids of $3.3 "'trillion and $5.1 million re--1 Vetved for the two recreational yv d6velopment sites. lbe229 words
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Article, Illustration491 1996-10-10 2 Diana Oon - New towns to have more private housing wherever possible, says ling Kiang By\ Diana Oon MINISTER of National Development Lim Hng Kiang said yesterday that wherever possible, new towns will have more private housing. This is to meet the target of 75491 words
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311 1996-10-10 2 Abdul Hadhi - Pick-up follows Hungry Ghost month; prices stay stable By, Abdul Hadhi TRANSACTION levels in the Housing and ptvelAirajfc Board (HDBjft&ale mtjfket posMast stable prices Sror a qura gust, according to property firm ERA Realty Network in its review of the third quarter.311 words
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Article, Illustration91 1996-10-10 2 AN ONLOOKER reaching out to touch the first in a series of four sculptures entitled "Seed by local artist Han Sai Por during unveiling festivities at Fort Canning Parkon Tuesday. The granite sculptures for the grounds of The Esplanade Theatres on the BayERIC CHU - 91 words
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274 1996-10-10 2 DEPUTY Prime Minister BG Lee Hsien Loong will be attending the third SingaporeChina Joint Steering Council (JSC) meeting on the Suzhou Industrial Park (SIP) in Suzhou this weekend. He will be accompanied by Lim Hng Kiang, Minister for National Development, and274 words
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Article, Illustration362 1996-10-10 2 Jennifer Lien - EYE ON THE ECONOMY Electronics By, Jennifer Lien YESTERDAY'S announcement of a sharply-improved US semiconductor book-to-bill ratio seems to confirm recent anecdotal evidence that the electronics industry slowdown has bottomed out, observers say. The ratio, which compares new orders of chips against shipments, rose toSource: Industry Association - 362 words
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372 1996-10-10 2 COE prices for cars I,OOOcc and below jump 67% The Straits Times CERTIFICATE of Entitlement (COE) prices for November have gone up for all categories, with the increases modest except for small cars. The increases ranged from $194 forThe Straits Times - 372 words
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Article, Illustration504 1996-10-10 3 Catherine Ong - Mount E core team says this way patient can gat same treatment cheaper By i Catherine Ong RISING healthcare costs will force changes in the way medical services are delivered and paid for in Singapore, predicts a group of managers whoERIC CHU - 504 words
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Article, Illustration541 1996-10-10 3 Yang Razali Kassim - PK GOB'S EUROPEAN TOOT By Yang Razali Kassim [THE HAGUE] Can Singapore and the Dutch transhipment powerhouses Rotterdam port and Schipol Airport work together in ways that have not been thought of before? Yes, according to Prime Minister Goh Chok Tong. Indeed, no sooner541 words
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Article, Illustration316 1996-10-10 3 Jenny Lam - Chinese-products specialty outlet will serve as group's regional HQ By. Jenny Lam HONGKONG retailer Yue Hwa has invested close to $100 million to set up its first department store selling Chinese products here. The Singapore store will be the group's regional headquarters for316 words
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Page 2 Advertisements
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Advertisement132 1996-10-10 2 An organiser that listens and-talks to you. 4- V* wm' 1 I t V HI) ICE, organizes: Just speak to the Voice Organiser and it becomes your: Phone directory (400 numbers) Appointment calendar (1 year) 99 Memos 99 Reminders To retrieve information e.g. telephone number of Bob James, just tell132 words
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Advertisement32 1996-10-10 2 US ohip indicator hits year high, Pg 18 For further information on which newsstands carry Her world, Go, Singapore Business, Home Decor, Young Parents please call our Customer Services Section on 1800-749-257732 words
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Page 3 Advertisements
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Advertisement217 1996-10-10 3 '1 t WHEN THE WORLD'S YOUR PLAYING FIELD, YOU ALWAYS HAVE HOME GROUND ADVANTAGE n This is our top telecommunications banker in 1,670 offices in 250 cities across the world. 4 Singapore. That's him, on the thoroughbred cross. And access to leading edge technologies of He can't take your call217 words
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FOCUS: PROPERTY
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Article, Illustration658 1996-10-10 4 Michelle Low - Despite their location on the fringe, some district 11 t developments are holding their own in rental income By. Michelle Low [SINGAPORE] IN A soft market, the further outside the prime area, the less rentable the property or so the dictum goes. But a couple ofARTHUR LEE - 658 words
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340 1996-10-10 4 BLoomberg Business News [TOKYO] Japanese property won't hit bottom for five more years, and commercial land prices will probably drop by a further 50 per cent, said the president of a Tokyo-based real estate appraisal company. "Starting now, we can expect properties backing Japan'sBLoomberg Business News - 340 words
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Article1232 1996-10-10 4 Property transactions for districts 11 and 21 (sectors 28 to 30 and 58 to 59) lodged between Sep *****6 to Oct *****. PROJECT NAME/ PROP CONTRACT TENURE BUILT-IN/ PRICE PSf STREET NAME TYPE DATE IAN0AREA* (SOFT) (SS'OOO) (SS) District 11 Non-Landed Birmingham Mans Apt 7/6/96 FH 1066 10201,232 words
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Page 4 Advertisements
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Advertisement178 1996-10-10 4 This announcement appears for the purpose of record only October 1996 Ssf\ Broadway f NATSTEEL BROADWAY LTD (Incorporated in Singapore on 5 September 1996) -4 Invitation in respect of 33,800,000 New Shares of 550.25 each comprising:(i) 16,900,000 Offer Shares at US$O.7O for each Offer Share by way of public offer;178 words
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Advertisement34 1996-10-10 4 V^B Modern clean 4-storey building Ground/upper floors from 4,000 to 60,0005q ft Easy access to PIE, CTE Paya Lebar MRT Ample carpark space/Food conveniences Attractive rentals Sole Marketing Agent: CheSteitOn^i INDUSTRIAL DEPT. 221 828834 words
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SOUTH-EAST ASIA
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395 1996-10-10 5 S N Vasuki - JAKARTA Negative market sentiment due to Sampoerna's plan to acquire Astra stake: analysts By\ S N Vasuki THE Jakarta stock market retreated for the third straight day yesterday as fund managers cashed out of blue-chip stocks like HM Sampoerna and PT Telkom. Analysts395 words
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198 1996-10-10 5 MANILA AFP HONGKONG'S 1997 return to Chinese rule is unlikely to result in a flood of investments to the Philippines, an economic newspaper reported here yesterday. The Business Daily quoted Hongkong-based financial executives as saying while there was increased interest in theAFP - 198 words
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NOTE Book
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63 1996-10-10 5 AFP [WASHINGTON] The United States has signed a bilateral agreement with Cambodia extending it most-favoured-nation trading status, acting US Trade Representative Charlene Barshefsky announced here on Tuesday. "Not only will it create new opportunities for businesses In both countries, it is an important stepAFP - 63 words
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Article, Illustration61 1996-10-10 5 AFP [HANOI] Norwegian Prime Minister Gro Harlem Brundtland (centre) greeting children during her visit yesterday to Hanoi's SOS Village. The Norwegian government plans to fUnd the building of another SOS Village for children in the Northern Vietnamese province of Vinh Phu. Ms Brundtland is onAFP - 61 words
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Article78 1996-10-10 5 Bloomberg Business News [MANILA] The Philippines' expanding economy and the opening of new banks led to loans growing 68 per cent in the first half of the year, the central bank said. The Bangko Sentral ng Pilipinas said lending by the country's 51 commercial banksBloomberg Business News - 78 words
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Article90 1996-10-10 5 Reuter [HANOI] Flooding in southern Vietnam's Mekong Delta has claimed 27 lives, most of them children, and is now affecting more than 1.8 million people, relief agencies said yesterday. Officials with the International Federation of Red Cross and Red Crescent Societies said floodwaters in provincesReuter - 90 words
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Article, Illustration59 1996-10-10 5 [NEW DELHI] Protesters on the second day of a 54-hour hunger strike beside a portrait of Myanmar opposition leader Aung San Suu Kyi yesterday in New Delhi. Myanmar students, monks and other pro-democracy activists are staging the hunger strike against Myanmar s military government andAFP - 59 words
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227 1996-10-10 5 HANOI New rules require foreigners get work permits; train locals AFP VIETNAM is to ban foreigners from working more than three years in the country and is to insist that companies train local replacements, according to regulations published yesterday. The restrictions were announcedAFP - 227 words
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253 1996-10-10 6 ■KUALATERENGGANU Bernama THE proposal to build a bridge linking Peninsular Malaysia with Sumatra needs a thorough study as it involved high costs. Transport Minister Ling Liong Sik has said. He admitted that it was a good idea as it could increase movementBernama - 253 words
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Article, Illustration454 1996-10-10 6 JAKARTA First case adjourned; defence lawyers seek to have case cancelled SUPPORTERS gave Indonesian opposition leader Megawati Sukarnoputri a rapturous welcome yesterday at the start of the Jakarta trial of 64 people accused of taking part in riots. "I promised them to beAFP - 454 words
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529 1996-10-10 6 ■PENANG Impact of slowdown minimal and recovery may come by year-end or early 1997, say analysts Reuter AFP A GLOBAL slowdown in the electronics industry muffled growth for some Malaysian manufacturers, but stopped weU short of wreaking serious damage to the key economic sector, industryReuter; AFP - 529 words
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Article, Illustration307 1996-10-10 6 PHNOM PENH AFP CAMBODIA'S King Norodom Sihanouk opposed granting a royal pardon to renegade Khmer Rouge leader leng Sary, but "bowed" to the wishes of his country's co-pre-miers and legislators, the monarch said in an interview published yesterday. "In this (amnesty) process,AFP - 307 words
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Advertisement128 1996-10-10 5 CE j 3} > ill i I j l• i j i i\ i s~- i i iA-iT'lncilh" no unpins Imagine driving around the world. Now 9 e a specially designed through the searing heat of the j expandable trunk organizer with every Sahara, across the icy plains of j128 words
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Advertisement244 1996-10-10 6 <r 3 jossi&si ijji 11 ,Bsa. _pi_ Pot Dispenser Room Temperature jb mi Hot/Cold Water Dispenser R134 Ozone Frwndty Compressor Hot/Cold with b refrigerator. UJ Msmmonal Ann)lor WStBT ph The Oiwlrtv I—l Innovtton r London 1906 V~2!Lv« Mflmbw of tntofnebonfll Botttod Water AssooaDon WANIN INDUSTRIES PTE LTD 167-A Thomson Road,244 words
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Advertisement68 1996-10-10 6 an °ur fund I ma nagers I H °w to do better make your SjA Mobius sees I j money grow W* brighter time i IBUSljiitSM I 396 Available at Newsstands NTUC Supermarkets Caltex published by rimes Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil SinqaDOre Times the Bookshop68 words
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CHINA-HONGKONG-TAIWAN
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SINO Briefs
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64 1996-10-10 7 AFP [TAIPEI] President Lee Teng-hui said Taiwan would "spare no effort" to increase its international profile, despite repeated warnings from Beijing. He also harshly criticised China for impeding Taiwan's global status and, in the process, damaging hopes of reunification between the two rivals, whichAFP - 64 words
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54 1996-10-10 7 AFP [BEIJING] China has issued strict regulations extending its crackdown on the mismanagement of state-owned property to outside the country's borders, a report said yesterday. The new rules—- issued by the State Administration of State Property—require all overseas enterprises and non-operational institutions to registerAFP - 54 words
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44 1996-10-10 7 Reuter [BEIJING] Crumbling water conservancy facilities, land reclamation and flagging investment are exacerbating China's annual battle against floods, the Economic Information Daily said yesterday. About two-fifths of small reeervoirs and one-fourth of medium-sized and large reeervoirs across China needed repairs.—ReuterReuter - 44 words
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77 1996-10-10 7 AFP [BEIJING] China's industrial production rose 12.9 per cent in the first nine months of the year compared to the same 1965 period, the State Statistics Bureau said yesterday. The value of industrial production from January to September reached 1.358 billion yuan (Ss23o billion), theAFP - 77 words
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73 1996-10-10 7 AFP {HONGKONG] Hongkong's exports of certain textile and clothing products to the US dropped as much as 59 per cent after US restrictions were imposed in June, a government apnkwamnn aairi yesterday. Denise Yue, trade and industry secretary, said the US restrictions affectedAFP - 73 words
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63 1996-10-10 7 AFP [WASHINGTON] secretly sold more nuclear weapons-related equipment to Pakistan, violating a pledge not to repeat an earlier covert sale of similar technology, the Washington Times reported yesterday. It cited a Sep 14 Central Intelligence Agency memorandum stamped "top secret*' that said the state departmentAFP - 63 words
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89 1996-10-10 7 BEIJING Reuter RECORD harvests are expected in three of China's main grain producing provinces in 1996, official media said yesterday. Output in south-western Sichuan province, one of China's main bread baskets, was expected to total a record 45.8 million tonnes, a riseReuter - 89 words
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381 1996-10-10 7 WASHINGTON Umsnl nm seen as visible Beging effort to lobby Washington mere effectively AFP IN a rare news briefing, the Chinese embassy sent a strong message on Tuesday about improving relations with the United States but reiterated worries about US ties withAFP - 381 words
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432 1996-10-10 7 BEIJING Washington will also press China for more legislative clarity, a constant worry for US investors Reuter THE United States has moved to open a long-delayed crossPacific communications dialogue with the visit to China by officials touting the benefits of anReuter - 432 words
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246 1996-10-10 7 TAIPEI Reuter TAIWAN'S Finance Ministry announced yesterday it would merge the island's two income taxes into one business income tax and set the merged rate at 25 per cent. Finance Minister Paul Chiu said it would recoup a sharp downturnReuter - 246 words
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Article, Illustration227 1996-10-10 7 HONGKONG AFP TAIWAN supporters made an unprecedented move yesterday by raising Taiwanese flags on Hongkong's highest peak on the eve of the island's National Day celebration. The pro-Taiwan group from Tsuen Wan and Kirai Chung districts in western Kowloon peninsula ascended the 975-metreAFP - 227 words
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371 1996-10-10 7 Anthony Rowley - TOKYO Risks of its own desUbilisation come from a lack of effective control By Anthony Rowley THE transformation of China's southern coast into an integral part of the East Asian economy has brought significant benefits but also the potential for "destabilisation" of the region371 words
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Article, Illustration670 1996-10-10 7 Lu Ning - CBDVA WATCH China's exporters show they can compete globally without subsidies By L\ Lu Ning CHINA'S exports, which were in negative territory for the first half of this year, surged dramatically in August. Year-on-year they grew a strong 12.8 per cent for the month. This670 words
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237 1996-10-10 7 HONGKONG AFP THE ROW over disputed islands in the East China Sea, which are claimed by Japan, China and Taiwan, will not lead to a military conflict, according to a poll of business leaders released yesterday. The poll by the Hongkongbased FarAFP - 237 words
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Page 7 Advertisements
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Advertisement50 1996-10-10 7 AUCTION 11 am 6th November '96 (on site) NORTHBRIDGE 72 FRANCIS STREET PERTH, WESTERN AUSTRALIA Two level complex with NLA of 1504m 2 and basement parking for 24 cars Full kitchens bars on each level Various uses can be split Barry Toms 018 944 822 Molly Tiong 018 954 58850 words
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Page 8 Advertisements
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Advertisement264 1996-10-10 8 ESS*SBFiSSgSi —r«S,| 1 <*) v "^■l s'■'5 i s^^p^o^<, OPllot —***** The Business Times, September 1996 UNITED ARE THE LEAGUE CHAMPIONS. WE'RE UNITED BEHIND YOU Singapore's first Fund of the Year Awards" saw UOB score It was judged best performer in the Singapore/Malaysia Funds a series of victories. Out of264 words
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ASIA
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Article, Illustration416 1996-10-10 9 TOKYO But analysts expect the falling trend to slow as exports pick np due to weaker yen Reuter SURGING imports and large outflows of yen into foreign investment helped keep Japan's trade and current account surpluses shrinking in August. The surplus in theReuter; Source: Bloomberg; ALLAN - 416 words
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224 1996-10-10 9 SEOUL Reuter SOUTH Korea announced measures yesterday to boost its sagging economy, including slashing domestic steel prices and opening power production to private sector competition. The Finance and Economy Ministry said private companies would be allowed to compete with the state KoreaReuter - 224 words
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192 1996-10-10 9 WELLINGTON Reuter IN AN 11th hour surge, New Zealand's main opposition Labour Party has dramatically narrowed the gap on the ruling conservative National government, according to a poll published yesterday. Three days from a general election on Saturday, centreleft Labour polledReuter - 192 words
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ASIA Notes
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Article74 1996-10-10 9 AFP [NEW DELHI] Former Indian prime minister P V Narasimha Rao escaped arrest on forgery charges here yesterday after a court granted him bail. Delhi High Court Judge S K Mahajan gave Mr Rao bail until Oct 14, but said he would have to reapplyAFP - 74 words
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73 1996-10-10 9 AFP [TOKYOI The president of a major borrower from failed Japanese housing loan companies yesterday pleaded guilty to charges of falsifying a land leasing contract, court officials said. At the first hearing of his trial at the Tokyo District Court, Kichinosuke Sasaki, 64,AFP - 73 words
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Article53 1996-10-10 9 AFP [DHAKA] Former chief justice Shahabuddin Ahmed was yesterday sworn in as Bangladesh's 14th president. Supreme Court Chief Justice Abu Taher Mohammad Afzal administered the oath of office to 66-year-old Mr Ahmed at the Bangabhaban presidential palace. Mr Ahmed was elected unopposed in July for aAFP - 53 words
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Article, Illustration306 1996-10-10 9 BOMBAY Domestic and foreign investors shnnning the country's stock markets Reuter A STEEP fall in Indian stock markets this week has stirred debate over whether India's attractiveness as an emerging market is being eroded by political worries and fears freemarket reformsReuter; Source: Bloomberg - 306 words
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Page 9 Advertisements
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Advertisement52 1996-10-10 9 THEY WANTED A BOUTIQUE HOTEL THEY ALSO WANTED A IN SINGAPORE. SOMEWHERE SMALL. SIXTY-SIXTH FLOOR VIEW FROM STAFF WHO KNEW THEIR NAMES. THEIR BATH TUB. THEY GOT IT. Jte; K 00 s c a-*:■tHffI.iiiIBBWWBBBBBR; %—^^;«*^»fMßßS^--&--:r-» T > -*•*;•••aa^.-^::j® BANGKOK CHTANQMAI KENTING KYOTO MACAU MANILA. OSAKA PUSAN SEOUL SHANGHAI SINGAPORE SURABAYA52 words
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FOCUS
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Article, Illustration954 1996-10-10 10 Larry Wee - THE HZ DOLLAR Five institutions from Down Under assess how the NZ$ will fare ahead of Saturday's polls. BT analyses their views Reports by] Larry Wee [SINGAPORE] Ahead of New Zealand's elections this Saturday, participants from Down Under caution against rushing to buy the Kiwi dollar at theREUTER - 954 words
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Article, Illustration740 1996-10-10 10 ELECTION uncertainties muddle the short-term picture for the Kiwi dollar. Here are the assessments by the five banks, focusing on fundamentals that drive the Kiwi Their bottom line is: expect a fall against S$ over time ANZ ♦Medium term picture: A strong Kiwi is expected,740 words
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353 1996-10-10 10 It warks by varying value of MIS against fiv6 Cttl I ffIHIM [SINGAPORE] The Reserve Bank of New Zealand (RBNZ), the central bank, has one mandate to control Inflation by ensuring that the Consumer Price Index stays within an agreed range, currently353 words
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Page 10 Advertisements
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Advertisement138 1996-10-10 10 wa M -'3 8 b »v»r< JSSH *51 I "owning" Asia's largest luxury few Jays. your own itinerary and activities programme that J™"' j_ H serves your needs. exotic Asian destinations as you enjoy world-class entertainment, cuisine, accommodation and convention facilities. KNOW Special mttrtate ~riM your budget, as Star Cruise's138 words
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THE WORLD
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Article475 1996-10-10 11 BRUSSELS ETFs per capita GDP is nearly one third below that of US' and one sixth below Japan's: report Reuter THE European Commission yesterday painted a largely negative picture of the continent's competitive power, saying the EU was lagging behind rival economic superpowers the United StatesReuter - 475 words
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Article415 1996-10-10 11 LONDON Rivals more than match giant British Telecom's rate cuts AFP THE host of telecommunications operators battling to overcome the dominant market position of British Telecom have followed the company in offering big price cuts, in an effort to turn up the heat on theAFP - 415 words
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234 1996-10-10 11 WASHINGTON Bloomberg Business News A GROWING number of analysts predict the Federal Reserve won't raise interest rates at least through the rest of the year, as evidence piles up that the US economy is weakening. "The slowdown that's needed to keep inflation underBloomberg Business News - 234 words
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Article, Illustration57 1996-10-10 11 [ORLANDO, Florida] The US Postage Service, along with Sea World Animal Care Specialist Wayne Grinder, unveiled the manatee stamp at Sea World of Florida's "Manatees; The Last Generation?" on Tuesday. The stamp is the result of a three-year letter writing campaign to focus attention onREUTER - 57 words
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326 1996-10-10 11 BOURNEMOUTH Reuter PRIME Minister John Major yesterday defended his "wait-and-see" European policy, telling his last party conference before an election that it was essential to maintain Britain's voice in Europe. But in a relaxed question-and-answer session, Mr Major said that unless a EuropeanReuter - 326 words
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431 1996-10-10 11 WASHINGTON Reporters excluded as companies try to avoid running afoul of SEC rules Bloomberg Business News THE Securities and Exchange Commission, prodded by Congress, is likely to send a message to non-American companies that it opposes any discrimination against USbased news organisationsBloomberg Business News - 431 words
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336 1996-10-10 11 Said Abdullah - SINGAPORE By\ Said Abdullah FRANCE was the most popular tourist destination in Europe last year, but it was in Italy that tourists spent the most, according to the latest World Tourism Organisation news- letter. Italy pipped France as the top tourism336 words
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398 1996-10-10 11 Christopher Tan - DIJON, France It launches the XKB, its first sports car in 21 years By< Christopher Tan JAGUAR expects to more than double its share of the sportsluxury market next year with the XKB, the Coventry-based manufacturer's first sports car in 21 years.398 words
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Page 11 Advertisements
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Advertisement147 1996-10-10 11 COLONIAL BUNGALOWS A RARE OPPORTUNITY TO LIVE IN HISTORICAL SINGAPORE i—P I TTTTTT e amon 9 he privileged few to enjoy the TTTTTTT 1 unique luxury and grandeur of historical j j bungalows set amidst the beauty of tropical ij gardens landscaped by time. j j ALEXANDRA PARK j j147 words
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EDITORIAL & OPINION
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Article, Illustration754 1996-10-10 12 Shiv Taneja - OPINION THB BOTTOM LIMB By Shiv Taneja The writer is a BT correspondent LESS THAN three months after it was launched, UOB Asset Management's newest unit trust offering, the United Global Capital Fund, raised $200 million, the largest amount ever raised by754 words
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Article151 1996-10-10 12 'Inflation is also determined by interest rates. If interest rates are high, inflation is high. If interest rates are low, inflation is low. That is the theory.' -B J Hamine Indonesia's State Minister of Research and Technology on the need for Bank Indonesia to cut interest rates.151 words
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682 1996-10-10 12 EDITORIAL IT seemed to happen from out of the blue. Up until even two weeks ago, not many would have bet that an international agreement on liberalising trade in information technology products was anywhere near conclusion. But after the meeting in Seattle of the682 words
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Article, Illustration1088 1996-10-10 12 Peter Lynch - Anti-Asian comments by an independent MP have pnt Australia's premier in the firing line By\ Peter Lynch The writer is a Sydney based journalist who contributes to BT PAULINE Hanson is a flamehaired Australian single mum. She also runs a fish-and-chip shop and sits in the nation'sREUTER - 1,088 words
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Article760 1996-10-10 12 Kudos tor Ttud central bank NOT only local and foreign punters on the Thai stock market, but also others bemoaning the ill-fate that has overcome Thailand's economy of late may well think us perverse, but we maintain that congratulations to Bank of Thailand (BOT) Governor Rerngchai760 words
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Page 12 Miscellaneous
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Miscellaneous28 1996-10-10 12 DOOHESBUBY By Garry Trudeau BetMEHzec i, AmvAi, una. i MHATARB paJCH/SNTO \f*" lUASINTHEHBM!- [fOROVU* W[NAMAJOR.Wk UK£,jKk CONSULT ON ft SPHSK& I THOUGHT i\fi£AUY*M UJAV. UHBRS p J ivpftorwANP28 words
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Page 13 Advertisements
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Advertisement636 1996-10-10 13 Home Decor -For people who love their homes Where to wine, dine and entertain 7 09 Our Resident Band P STARSTRIKERS |A I belt out the latest hits, ballads, oldies HV I but goodies and I not forgetting your I special requests. So come down to the happy HOURS: Lobby636 words
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Advertisement92 1996-10-10 13 n r— 1 1 BiGGESI Dian Xin Restaurant > At The Neptune on shenton Way Dian Xin/Lunch I j /|-a I 11.30am-2.3opmX^^^ »gj" ftcpCuf>C 7TH FLOOR. OVERSEAS UNION HOUSE. I COtLYER QUAY. SINGAPORE *****1. TEL: 224 3922 Great Value Semi-Buffet Dinner IBy Comes complete with soups, salads and desserts from92 words
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Page 13 Miscellaneous
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Miscellaneous773 1996-10-10 13 TV&RADIO FtinJara is 1030 News 5 Tonight (includ- 6.00 AM Morning News/CNN. LOO PM The Winners. ing Highlights from 9.00 Ucapan Presiden Umno H E 1-30 Money, Money, Money. Parliament). Semasa Perhimpunan B .gVH 1 2.00 Asian Property Report iim Baywatch Nights Thin Agong Umno (L). A fl Blood. 10.30773 words
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Miscellaneous185 1996-10-10 13 CRYPTIC CROSSWORD 6 He's put soldiers back in scoffed to wound (8) non-conformists (4-4) 27 Day-dreaming about Spanish 7 Some upstaged tragedians (5) urging patience (9) felt really angry (5) 26 Reports from every direction 28 In a panic held off recess (5) 8 Reading about medicine (4) 29 Daughter185 words
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EXECUTIVE LIFESTYLE
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398 1996-10-10 14 Benjamin Loh - CONCERT REVIEW Hie humour and abstract lyricism of Shostakovich quartets come through clearly By] Benjamin Loh SHOSTAKOVICH'S music, with its angular rhythms, sardonic humour and abstract lyricism, places the highest musical demands on the performer in terms of structural coherence. His string quartets398 words
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Article, Illustration638 1996-10-10 14 CHRISTOPHER TAN - Piloting the car is almost as natural as breathing, unlike the experience in some other high-performers, Christopher tam discovers after a spin CHRISTOPHER TAN ONE AFTERNOON on a particularly winding road linking a national research institute and a famous duck-rice stall, a one-and-a-half-metre monitor638 words
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Page 14 Advertisements
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Advertisement330 1996-10-10 14 Do you want to win a free holiday for two to Perth? Yes, I do. Here is your chance to win a 5 day/4 night trip for two to Perth flying Singapore Airlines and staying at the exclusive Joondahip Resort Hotel. All you need to do is answer the following330 words
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Advertisement8 1996-10-10 14 Put The Straits Times Classified to work for8 words
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Page 14 Miscellaneous
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Miscellaneous196 1996-10-10 14 THE WE&THHK Singapore Showers are expected ill the late morning and afternoon. Temperature (31-23) HVLo* Good. Earope HVLo* CauL America HJ/Lo* Oand. Auriiand 17/09 Showers AwOrrrtm 17/11 Showm Atiania 17/19 Ctaty Rnn«tnk 34/36 Cloudy Atom 27/16 Cloudy Buenos Arra 18/11 Ooudy Bem 29/13 Cloudy Bain 17/06 Showen Ctaa#) IMB Sfcmws196 words
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COMPANIES & MARKETS
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439 1996-10-10 15 Abdul Hadhi - $500 per sq ft bid is 33% below what SSL paid for nearby site By, Abdul Hadhi {SINGAPORE] Straits Trading Co, which is starting to be active in government commercial land sales, may be able to pick up a China439 words
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300 1996-10-10 15 [SINGAPORE] Inter-Roller Engineering is proposing a 1-for-2 rights issue and is rewarding shareholders with a bonus issue, also on a l-for-2 basis. The rights issue consisting of a minimum of 17.04 million and a maximum of 20.7 million new shares to be offered at300 words
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Article, Illustration518 1996-10-10 15 Ronnie Lim - By. Ronnie Lim [SINGAPORE] Showpla International (SI) a joint venture between GIC and mainboardlisted Japanese injection moulding company Showpla Asia is embarking on a US$2B million (5539.4 million) expansion, including investing in new plants in Brazil and India to supply plastics components to Japanese electronics518 words
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767 1996-10-10 15 R Sivanithy - HOCK LOCK SIEW R Sivanithy IT was Mark Twain who once singled out October as a particularly bad month for stock market speculation. He did, of course, go on to say that so were all the other months of the year.767 words
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Article249 1996-10-10 15 (SINGAPORE) F&N CocaCola. a subsidiary of main-board-listed Fraser and Neave (F&N). has tied up with a group of Pakistan interests to develop the Coca-Cola business in the country. To facilitate the tie-up, F&N Coca-Cola has raised the share capital of its subsidiary. Coca-Cola Beverages Pakistan.249 words
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Article121 1996-10-10 15 [SINGAPORE] Industrial equipment supplier Causeway Investment has been served an ultimatum by Dharmala International to repay debts of about $700,000 under a loan agreement siged in 1994. In a statement to the stock exchange yesterday. Causeway said it had been given till Dec 16 to pay back121 words
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REGIONAL COMPANIES
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Article, Illustration342 1996-10-10 16 Paul Leo - Clients can use system to transmit orders for stocks via PC or phone By\ Paul Leo [SINGAPORE] Local stockbroker Phillip Securities will offer an on-line order system for its clients tomorrow, a first in Singapore. Called Poems or Phillip's On-Line Electronic Mart System, it allowsZAOBAO - 342 words
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Article, Illustration467 1996-10-10 16 Company plans to streamline operations and strengthen its focus on power MBT [KUALA LUMPUR] Tenaga Nasional Bhd will review its non-core business activities in line with plans to streamline operations and strengthen its focus on power generation and distribution. "We will be reviewing some ofMBT - 467 words
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191 1996-10-10 16 Bloomberg Business News [BANGKOK] Shinawatra International pic plans to jointly invest up to USS4OO million (SSS6B million) with the government of Laos during the next 25 years to develop that country's telecommunications systems. The investment will be made through a joint venture, LaosBloomberg Business News - 191 words
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342 1996-10-10 16 Al Labita - Firm making Ssl94m issue to augment working capital, fond property ventures From Al Labita in Manila SINGAPORE'S OCBC Bank group has been tapped as international placing agent for the SJI94 million preferred share issue of listed Megaworld Properties. The deal, the latest342 words
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388 1996-10-10 16 Al Labita - From, Al Labita in Manila A LISTED banking unit of Indonesia's Salim Group is issuing convertible preferred shares to its existing shareholders to raise capital of one billion pesos (5554.1 million). In a statement to the Philippines Stock Exchange, PDCP388 words
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Article155 1996-10-10 16 Bernama [KUALA LUMPUR] Inchcape Timuran Bhd (ITB) has received the Securities Commission's (SC) approval to buy Idris Hydraulic (M) Bhd's entire interest in Kewangan Bersatu Bhd (KBB) for Ms39o million (***** million). The acquisition, comprising Idris' entire equity interest of 67.5 million shares inBernama - 155 words
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COMPANY Briefs
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49 1996-10-10 16 [SINGAPORE] Mainboard-listed Informatics Holdings launched its first IT skills training centre for professionals only at Suntec City yesterday. The $1.5 million centre aims to attract 2,000 students in its first year. It will provide training in client-server, networking, multimedia, project management and object-oriented technology.49 words
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58 1996-10-10 16 [SINGAPORE) Shareholders of mainboard-listed Hotel Properties Ltd have approved a management agreement between subsidiary The Nawarat Hotel and Concorde Hotels Management. They also approved a technical assistance agreement and a management deal between associate company Shah Alam Hotel and Concorde. Concorde Hotels Management is owned58 words
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66 1996-10-10 16 [SINGAPORE] Acer Computer International (ACI) has increased its investment holding in wholly owned subsidiary Acer Computer Australia (ACA) by A 57.27 million (SSB.I million). ACI will increase its previous paid-up capital of A 516.47 million divided into 16.47 million shares, by subscribing for 7.2766 words
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34 1996-10-10 16 [SINGAPORE] Shareholders of ST Capital, the financial services subsidiary of Singapore Technologies Industrial, have approved the purchase of a property at 30 Pioneer Sector 2 from Oil-Equipment Manufacturing.34 words
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Article20 1996-10-10 16 [SINGAPORE] Oversea-Chinese Banking Corporation has deregistered a dormant Australian subsidiary, Bank of Singapore (BOS) (No 2).20 words
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312 1996-10-10 17 Group will sell stake to majority-owned joint venture, bank sources say AFP [HONGKONG] Hongkong tycoon Gordon Wu's Hopewell Holdings is to divest its 60.4 per cent share in a power subsidiary to a joint venture in which it will have the biggest stake,AFP - 312 words
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221 1996-10-10 17 AFP [HONGKONG] The listing of Chinese-owned Hongkong Dragon Airlines Ltd will be postponed for a year because of slow earnings growth at the airline, newspapers reported here yesterday. Henry Fan, managing director of China's Citic Pacific, which has a 28.5 per centAFP - 221 words
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Article, Illustration55 1996-10-10 17 [TOKYO] Some boxesofthe 64-bit computer game "Nintendo 64" are piled upatashopin Tokyo's electrical appliance district Akihabara yesterday. Japan s Nintendo Co Ltd risks missing its Christmas profit in the United States for the second year running, this time because stocks of its newly-released 64-bit computerAFP - 55 words
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Article320 1996-10-10 17 Bankers Trust Australia says it has 19.99% stake in firm Reuter [SYDNEY] The friendly As 2 billion (552.2 billion) bid for Australian transport group TNT Ltd by Dutch telecoms and postal group Koninklijke PTT (KPN) was thrown into doubt yesterday after Bankers Trust AustraliaReuter - 320 words
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123 1996-10-10 17 AFP [SHANGHAI] The China Securities Regulatory Commission (CSRC) corporate watchdog has punished a listed company for misleading investors about the capital surplus in its accounts, news reports said yesterday. CSRC found Shandong Bohai Group Co Ltd had violated the state accounting system andAFP - 123 words
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INTERNATIONAL COMPANIES
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228 1996-10-10 18 Firm changing name too as it sheds last of cigarette businesses Bloomberg Business News [OLD GREENWICH, Connecticut] American Brands Inc said it will spin off Gallaher Tobacco, the UK's largest tobacco company, shedding the last of its cigarette businesses. The maker ofBloomberg Business News - 228 words
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343 1996-10-10 18 September figures suggest the 1996 slowdown in growth has bottomed out Reuter [SAN JOSE, California] The US semiconductor industry's key indicator of computer chip demand rose in September to its highest level this year, reflecting a higher-than-expected increase in orders. The SemiconductorReuter - 343 words
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Article, Illustration453 1996-10-10 18 Bloomberg Business News (PARIS] Shares in Eurotunnel have slumped in Paris and London on Tuesday, one day after the troubled Channel Tunnel operator unveiled a bankruptcy rescue plan that could leave hapless shareholders with as little as a quarter of the company. "I'mBloomberg Business News; REUTER - 453 words
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318 1996-10-10 18 Popularity of giant 15b mark offer among retail investors surprises analysts FT [FRANKFURT] German private investors, long shy of equities, have shown signs of subscribing to the imminent Deutsche Telekom share issue in such numbers that there could be political embarrassment if their applicationsFT - 318 words
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FINANCE & COMMODITIES
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SMALL Change
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56 1996-10-10 19 FP [TOKYO] Lending by Japan's top 10 commercial banks fell 1.3 per cent from a year earlier to 213.83 trillion yen (552.69 trillion) in September, the Federation of Bankers Association said yesterday. The decrease reflected weaker corporate demand for ftmds and a slowdown inFP - 56 words
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58 1996-10-10 19 Reuter [NEW YORK] Price Waterhouse is considering acquisitions or joint ventures as part of a strategy to double or triple revenues during the next four years, the Wall Street Journal reported yesterday. Its chairman, James Schiro, was quoted as saying the firm was not in aReuter - 58 words
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59 1996-10-10 19 Reuter [NEW YORK] Visa International's Latin America and Caribbean division said on Tuesday that member financial institutions in the region were not prohibited from issuing Amex cards or others issued by competitors. Visa sa id its market share in Latin America has droppedReuter - 59 words
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299 1996-10-10 19 [SINGAPORE] Foreign exchange opportunities exist in the New Zealand, Australian and Canadian dollars, an expert told BT on a visit here this week. Rhonda Staskow, Asian product director of foreign exchange at Technical Data an online financial analysis division of Thomson Financial Services299 words
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Article, Illustration467 1996-10-10 19 Soh Tiang Keng - Expansion will be driven by life and offshore business, conference told Reports by\ Soh Tiang Keng [SINGAPORE] Singapore's insurance industry, which reaped impressive gains during the past five years, will grow moderately during the next few years. Expansion will be driven mainly bySource: East Asian Insurance Congress - 467 words
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264 1996-10-10 19 [SINGAPORE] Deregulation of Asia's insurance markets will lead to fiercer competition and lower profits in the insurance industry, a senior delegate told the 18th conference of the East Asian Insurance Congress yesterday. But Victor Wu, Macau branch manager of the Commercial Union Assurance, also stressed that264 words
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377 1996-10-10 19 Paul Leo - Hedges being reduced in anticipation of further yen weakness Paul Leo [SINGAPORE] Japanese institutions are shifting more money overseas and reducing their hedges in anticipation of further yen weakness, according to a poll conducted by MMS International, a division of Standard Poor's. The online377 words
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84 1996-10-10 19 Bridge News [SINGAPORE] Bank Indonesia is unlikely to hasten the rupiah's depreciation versus the US dollar even though Indonesia's export growth has slowed, US investment bank JP Morgan said in its latest Emerging Markets Data Watch report. "The deliberate pursuit of a weaker currency in theBridge News - 84 words
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540 1996-10-10 20 Neil Behrmann - Asia-Pac contribution my rue to 47% by next centnry; but there are supply uncertainties From'. Neil Behrmann in London AT A Financial Times conference this week, Dilip Mehta, managing director of leading Antwerp dealers Rosy Blue, predicted that global consumption of polished diamonds540 words
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Article, Illustration401 1996-10-10 20 It wants tighter control and access to trading details FT [LONDON] The London Metal Exchange is to call for changes to Britain's Financial Services Act in the wake of the Sumitomo copper scandal, to give the exchange tighter control over traders and powersFT - 401 words
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217 1996-10-10 20 Bloomberg Business News [NEW YORK] Goldman Sachs Group LP has set up a new committee to oversee the firm's recruitment of junior bankers and traders amid hot competition for the best talent from consulting firms and other investment banks. The new committee is headedBloomberg Business News - 217 words
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227 1996-10-10 20 Reuter [LONDON] Financial regulators of the main commodity markets are to hold a meeting in London on Nov 25-26, an official at Britain's leading market watchdog the Securities and Investment Board (SIB) confirmed. A SIB official said that the meeting will focus on futuresReuter - 227 words
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383 1996-10-10 20 Hiring demand, falling stocks and renewed speculation cited Reuter [LONDON] Stronger economic growth next year should stimulate demand for industrial metals and erode stocks, sparking a bull market, broker Credit Lyonnais Rouse said. "Three combining factors rising demand, fallingReuter - 383 words
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258 1996-10-10 20 Bloomberg Business News [GREENWICH, Connecticut] The biggest US pension funds are expected to spend about US$5 billion (Ss7 billion) increasing their real estate holdings over the next year, which could push up already high prices and fuel new development, aBloomberg Business News - 258 words
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Article229 1996-10-10 20 SSMEXReport Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures ended firmer in slow trade yesterday, with dealers betting on further gains as both ends of the Japanese yield curve continued to defy gravity. December and March Euroyen saw turnover of more thanReuter - 229 words
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Article172 1996-10-10 20 Reuter, AFP London THE dollar kept to narrow ranges below 1.53 marks after a brief flurry above this level earlier in an otherwise lacklustre session. "With no news to go on, the market is just ranging," said a dealer. "Dollar/mark is wellsupported at 1.5240 and dollar/yen at 111Reuter,; AFP - 172 words
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290 1996-10-10 20 ENERGY REPORT Reuter [CAPE TOWN] Oil companies and engineering companies are developing innovative ways to tap into Africa's largely unexplored offshore energy reserves. Delegates attending the Africa Oil 1996 conference this week heard that these ranged from concrete production barges forReuter - 290 words
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Article, Illustration1346 1996-10-10 20 prrERBAMK CROSS RATES A$ C$ >■> tCM nr Om MS Ht»8»m 1m *m MS i2SP*l» Hm S$ KMi Sir ITS Mtt Pomi MS Iflfll trffl ntn i«w IMT MW ittn nm> tsvi L9T7 1J45 ***** 20.741 LH3 1581 0.990 ***** ***** 0-505 0790 E£? 09* OM8 OWO 3.817 U29 MrSS1,346 words
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Article1838 1996-10-10 21 SICOM FUTURES Oct 9 MISKR (Mm ctakq <t 5tJ0*w) KS1C«mUCT(ScwtiA<») ClOM Vo*wa Opon Month Wffe Low Satt (ton—s) tatarast Nov 96 178.50 ***** ***** 225 1175 OK 178.75 T78.75 178.25 100 2075 j«i 97 ***** 1800 Fob 97 182.25 1800 Mar 97 183.00 1800 Apr/Jon 97 *3.25 42001,838 words
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Article2312 1996-10-10 21 LONDON Mwtrlais Oct* Nutl *h AB Ports 265.400 1 ADOay National 603.400 -10.200 Alliad Domacq 441 -3 aimm '07 .600 Asda Group 109.600 2 BAT Ind 433 5 BtCC 293 3.600 BOC Group 865.400 -7.600 BR Patrolaum 688.400 -7.600 BTR 270 2.600 Bank of Scotland 274.400 3.4002,312 words
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Article1685 1996-10-10 21 Reuter QNikkei 225 -W7.70 SHARES extended their losses yesterday, as most investors held back from buying, with the unclear political situation amid upcoming general elections casting a pall over the market. The market will be closed today for a holiday. The key 225-share Nikkei Average lost 167.70 points toReuter - 1,685 words
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Article, Illustration1595 1996-10-10 22 AFX-Asia K Hang Seng ****** SHARE prices closed sharply higher yesterday, with a late round of bargain-hunting driving the Hang Seng Index to an all-time high, dealers said. They said the market *as also supported in closing trade by talk that Hopewell Holdings has decided to carry out aAFX-Asia - 1,595 words
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Article, Illustration645 1996-10-10 22 Reuter j Shanghai b Share Index -0.01 SHANGHAI B shares ended down slightly yesterday on poor sentiment in the absence of market-moving news to boost investor interest. The index edged down 0.01 point to 48.69 on volume of 5.4 million shares worth US$l.B million. "Few investors have any interestReuter; Source: Credit Lyonnsis Securities(Asia) Ltd - 645 words
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Article372 1996-10-10 22 AFP Pi WP Index SHARE prices finished marginally higher yesterday while most investors took a low profile in the holidayshortened week. "Investors refrained from taking positions ahead of a holiday tomorrow and amid uncertainties over the market outlook," said a trader. The TSE Weighted Price Index advanced 2.95 pointsAFP - 372 words
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Article279 1996-10-10 22 Reuter P Wellington -7.37 SHARES fell yesterday as bond yields rose amid uneasiness about the kind of government the nation will have after Saturday's election. The Top 40-share Index fell 7.37 points to 2,258.01. Reuter Oct t *h cooo> ANZ Banking _H_. 8.42 0.02 ***** Advantages HMgi 132 unchReuter - 279 words
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Article, Illustration837 1996-10-10 22 Reuter □SET Index -&90 SHARE prices fell 0.7 per cent yesterday as intervention in support of the market failed to overcome concerns over reports on third quarter earnings due in the next few weeks, analysts said. "Trading was volatile as intervention from the support fund was countered by localReuter - 837 words
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Article414 1996-10-10 22 AFP ri Composite Index +20J6 SHARE prices rose 2.5 per cent yesterday, spurred by an announcement that the government would take steps to invigorate the nation's sagging economy, brokers said. The Composite Price Index soared 20.16 points to 817.78. Turnover was 46.7 million shares worth 781.8 billion won. RisersAFP - 414 words
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Article619 1996-10-10 22 AFP P All Ordinaries -2LO LEADING mining and banking stocks were behind a 0.9 per cent tumble on the share market yesterday. "The big miners certainly came in for a bit of a drubbing, along with the banks," a broker said. Bank stocks had risen strongly recently so thereAFP - 619 words
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Article, Illustration747 1996-10-10 22 AFP n Composite Index -8.46 SHARE prices fell 1.5 per cent yesterday following a slight drop on Wall Street and amid negative sentiment over cigarette maker Sampoerna. "The Dow was weak, Telkom came off quite sharply last night on Wall Street and some foreign funds still want to sellAFP - 747 words
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Article326 1996-10-10 22 AFP n Manila -IL3O SHARE prices closed 0.4 per cent lower yesterday as foreign investors sold stocks. The PSE Composite Index fell 11.30 points to 3,026.24. Turnover was 8.8 billion shares worth 2.1 billion pesos. PLDT fell 35 pesos to 1,560 while Philippine National Bank fell five to 422.50.AFP - 326 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration6907 1996-10-10 23 Bloomberg Business News Q Composite Index -2J6 STOCKS fell yesterday, led by Hicom Holdings, on concern corporate earnings will slow next year. Hicom, which has interests in car-making! fell 20 sen to M 56.80. The KLSE Composite Index fell 2.16 points to 1,140.92. Turnover was 250.8Bloomberg Business News - 6,907 words
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WARRANTS & OPTIONS
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3901 1996-10-10 24 R Sivanithy - WARRANT WATCH R Sivanithy THERE is a whole slew of nil-paid rights which are currently trading here and in Malaysia. A few local ones have been featured in this column recently and today's is one which is listed in Malaysia the3,901 words
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Article2412 1996-10-10 24 MftXYSlAN STOCKS 'J Gr Cc t996 Last Vat On LMtOuot* W* Wv YM Nat MClf Low Stno Company Saia COOP) High Low Buyf Sallar H Cvr P/E 5m* 62B 360 mi 5000 AISB50c~ 426 cd unch 4 426 420 424 440 *0 4.9 0.3 88.9 437.0 5 842,412 words
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STOCK EXCHANGE OF SINGAPORE
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Article1089 1996-10-10 25 TViKOWl COOO) MIUITOOO) H«fc» Q» TtH MO OH T«H 23.131 9.881 33Jtt« *17*4 JiM4 rmrni «so toss U« 4**43 J.tr» MrtM US5 J33 I3M M» Propyl 5.384 3.189 8573 IU4 4.ST3 12£4 SET 0 V £S wS (25 M.W J.778 3.7T7 7,555 £7m *****7 Total 37.996 204*4 58,8*3 14*21* ».?•>1,089 words
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Article, Illustration57 1996-10-10 26 Shiv Taneja - bf Shiv Taneja NIPPERCRAFT LTD closed 4.5 cents higher at 71.5 cents yesterday. Daily and weekly RSI are looking overbought, but the stock appears to be building support at around 70 cents. The directional indicators show more upside, but investors should tread carefully and consider taking profit once57 words
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Article, Illustration860 1996-10-10 26 R Sivanithy - Bat brokers stay cautions because of the low volume; meanwhile, speculative activity returns to the Malaysian Second Board STOCK MARKET COMMENTARY By R Sivanithy [SINGAPORE] The Straits Times Industrials Index posted its first gain in six sessions yesterday, while a860 words
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ON THE GRAPEVINE
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Article183 1996-10-10 26 WHILE many of Wall Street's well-known bears have turned bullish as the Dow continues to set record highs, former Lehman Brothers director Elaine Garzarelli is still sticking to her guns. Now president of her own firm Garzarelli Capital, she said in a US television interview on Monday183 words
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Article48 1996-10-10 26 REFERRING to the lacklustre performance of some regional bourses In the absence of an Inflow of institutional fUnds, a local punter said that the stock markets are suffering from Aids, not the medical term, but "Assets Inflow Deficiency Syndrome". Let's hope a cure will be found soon.48 words
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Article135 1996-10-10 26 THE provisions of the Trust Companies Act is under review by the Registry of Companies and Businesses, according to the latest Issue of the Global Private Banking newsletter. We understand that the RCB has been seeking views from various companies registered under the Act, but it Is not135 words
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Article86 1996-10-10 26 ON JAN 1, Lane Crawford Place will be renamed Wheelock Place, Wheelock being the parent of developer Marco Polo Development. But at least one minority shareholder of Marco Polo is kicking up a fuss. His gripe—the name, given free, is not fair to minority shareholders who86 words
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Article60 1996-10-10 26 REMEMBER what SM Lee Kuan Yew said about the commercial value he gives his tailor, his shoemaker, etc, simply by being their customer? Here's a case of cashing In on a household name: Seen on the window display of a major bookstore, promoting a language kit comprising two CDs60 words
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Article83 1996-10-10 26 THIS column ran a story yesterday on Dellfrance's IPO which Is good enough to eat. We found out last evening that 14,000 of Its Irresistible Pastry Offer called Le Financier was sold on the first day of offer on Wednesday. One wonders whether the share offer83 words
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Article3964 1996-10-10 25 o Of M m I.,t Vo 4 Day Lait OMU Mv DW YM Not Cm Ayg S tMo Comply M« *h C000> High Low Buyor 5o«or C-yT MOUSTMALS 5146 ASENT$10 200- OS- I I 900 "32 as- J J a 5 „*r aiS 55 SS*. S3 S"SW2«Sh:=S 3,83,964 words
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Article907 1996-10-10 25 or or mm l9M LM« VI Day LastOwat. 0. Dtv YM Nat Cm Av« nm» c— «m tf> m» *f- row m> u» N» «—> cw w twipm> SESDAQ 209 135 d 2000 ABO HIM* Sc 1*1 -J 3* 1*4 1*1 1*2 163 10 1*2 0.1 100 7V* 164907 words
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Page 15 Advertisements
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Advertisement52 1996-10-10 15 For further information, please contact either 1 W Joyce Tan, Eileen Tan or Amy Wee at Tel: (65) 225 1233 and Fax: (65) 225 8013 Highly Competitive Interest Rate Fast and Convenient Service Flcxibljc I Pscka&C hH£I I S ■NHBIHBE' I Royal Bank of Scotland pic Six Battery Road #27-01,52 words
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Page 16 Advertisements
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Advertisement97 1996-10-10 16 Need a button sewn in a hurry? We can do it at 600 mph. Every Swissair flight takes off with a needle and thread on board. It s available in all classes all of the time. And ifs there for the small emergencies that sometimes happen. If time allows, we'll97 words
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Advertisement47 1996-10-10 16 Small Offices" work great! New self lock-up office Close to MRT Station Many infrastructure support Trim manpower requirements Reduce overheads and running costs Increase productivity and efficiency 7* faom t&c&c advantage* Ufa, Small Offices 8 f wm Ss7so month Small Offices' People's Park Complex #05-01 Singapore *****847 words
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Page 17 Advertisements
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Advertisement195 1996-10-10 17 A T Business Communications is pleased to organize a seminar and luncheon DOING BUSINESS IN CANADA" Topics to Include: WELCOME ADDRESS Brian Hauto, Readent Partntr, Stiktman, Elliott (Hong Koog) OVERVIEW OF DOING BUSINESS IN CANADA: THE REGULATORY ENVIRONMENT Speaker Franca Ciambella, Resident Partner, Stikeman, Elliott (Singapore) TAXATION IN CANADA: WHAT195 words
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Advertisement107 1996-10-10 17 "7* 4,00O I Wt)RKERS. I'' J 600 5 r ok 2|Bffb WINDOWS* JpOj VISITORS. iAND INVENTION THAT COULD M^KE OR BREAK < »YOUR COMPANY, J knowlr tlgi* is power. Making sure it stays in to make an impact in the years ahead. Our the hnntls. is C'ISCO. For over 20107 words
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Page 18 Advertisements
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Advertisement557 1996-10-10 18 t f 'Awaken the Giant Within' and 'Unlimited Power'. Kf 'Unparalleled genius.... Dr. Deepak Chopra shows us how to Emperor of the Soul." K en Blanchard PHD Coauthor, "A breath taking vision of human potential. It will rejuvenate your body and mind.' "I read Deepak Chopra daily. There is wisdom557 words
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Page 19 Advertisements
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Advertisement106 1996-10-10 19 WORKS LIKE AN Ov&idwjf GROWS WITH DBS Factors Asset Based Financing Lets you take advantage of your company's current assets to finance future growth. With Asset Based Financing, you can: Get more cash as your business grows Obtain Letters of Credit Trust Receipt facilities that grow with sales Enjoy low106 words
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Advertisement207 1996-10-10 19 Karmony and ■v Jfadl i f. V L >. *>: The old traditions and modern of Singapore captured 4 H in a unique Hotel. The Hotel M Inter-Continental Singapore. Smooth professionalism is at the heart of all we do to mate your MB A stay as com(o rtahle, productive A207 words
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Page 20 Advertisements
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Advertisement82 1996-10-10 20 New Zealand USS 1,000,000,000 Floating Rate Notes due 1999 In accordance with the Terms and Conditions of the Notes, notice is hereby given that for the Interest Period from October 08, 1996 to January 08.1997 the Notes will carry an Interest Rate of 5.*****% per annum. The Coupon Amount payable82 words
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Page 22 Advertisements
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Advertisement67 1996-10-10 22 EnhanYQ QP 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.67 words
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Advertisement65 1996-10-10 23 Sa a b Ecopower. Prudent Management Of Power K SAAB V^CaN^/ la\ <»5 472 5<.T4. Mum s:M..n V. I S 5 x «0.. 111 41. 111. TR4NS EIROKdRS PTF LTD ||||X sS s r( < ~x KM!. V-«ara Itrumi llarussala,.,. It I: H»2 421 425 I a\: .*«»42« 4h5. i;.......65 words
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Page 24 Advertisements
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Advertisement129 1996-10-10 24 YOU ARE JUDGED BY WHAT YOU WEAR. CYC'S TAILORED SHIRTS WILL SET YOU APART. L Why wear readymade shirts made for the average body? At CYC, every shirt is skilfully crafted for your body giving you just the right IHHI fit And ou have our word n U~~ cach CYC129 words
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Page 25 Advertisements
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Advertisement203 1996-10-10 25 To: SPH AudioTcx Department Singapore Press Holdings Ltd 82, Genting Lane Singapore *****7 Te*****-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 II 12 months 6 months Q 3 months at 5560.00 at 5540.00203 words
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Page 26 Advertisements
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Advertisement129 1996-10-10 26 BUSINESS Notices i«> \i>\i hi isi «\i i i(h i iki i. This announcement appears as a matter of record only The Notes offered under the Programme have not been and will not be registered under the U.S. Securities Act of 1993 and may not be offered or sold in129 words
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Advertisement384 1996-10-10 26 NOTICE Bank of Queensland Limited Series 3 Transferable Loan Certificates ("TLCs") repayable 9 December 1997 In accordance with the provisions of the TLCs, notice is hereby given that for the Interest Period from 10 October 1996 (inclusive) to 10 January 1997 (exclusive) the Interest Rate applicable to the TLCs is384 words
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Advertisement310 1996-10-10 26 THE COMPANIES ACT, CAF.» WEEM TEA DING PTE LTD (In Mfbcw' VWuatary Uquriaboa) At an Exnoidaiafy Oeaeral Meeting of the llrrtrn of WEEM TRADING PTE LTD duly toaoeacd aad held at 101 Upper Croat Street *04-43 Peoples Park Cm, *****7 oa the 7di day of October 1996. fee following Special310 words
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Advertisement290 1996-10-10 26 la the Matter of TheCoopaaieaAct Cap. 30 HUAT HETfc A CO (PRIVATE) LIMITED (hi \blMAtafy LkQuidutioß) At an extraordinary fenaral meeting of die company held al 170 Upper Bakit Tlmah.*B I M Bulut Tifaah Shopping Ceatre. Singapore *****9 oa sth October 1996 d* following tpecial and ■uidlatrj staoladoat were daiy290 words
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Advertisement496 1996-10-10 26 IN THE MATTER OP THE COMPANIES ACT, CAP 50 AND IN THE MATTER OP ENTERPRISE ONE PTE LTD (hmrporattd la Singapore) (hi Morten' Vul—»n Liquidation! At an Extraordinary General Meeting of members of ENTERPRISE ONE PTE LTD duly convened and held at 80 Marine Parade Road. •22-01/09 Parkway Parade. Singapore496 words
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Advertisement248 1996-10-10 26 IN THE MATTER OF THE COMPANIES ACT, CAP.S* AND IN THE MATTER OF CHANG BEE (PRIVATE) LIMITED (Members' Voluntary Winding Dp) PURSUANT TO SECTION 3eB OF THE COMPANIES ACT. CHAPTER SB. NOTICE IS HEREBY GIVEN dial a Final Meeting of the Members of the abovenamed company will be held at248 words
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