The Business Times, 10 October 1996

Total Pages: 26
1 26 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 046^12^95 85e SINGAPORE Internet http://www.asial.com.sg/biztimes THURSDAY, OCTOBER 10,1996
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  • 55 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 EDT
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  • 59 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*** 4Jt
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  • 682 1  -  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 even
    682 words
  • 419 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 the
    419 words
  • 292 1  -  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 first
    Source: Bloomberg; ALLAN  -  292 words
  • 593 1  -  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 polls
    593 words
  • Page 1 Advertisements
    • 103 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 tfflim
      103 words
    • 26 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 6
      26 words
    • 44 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 19
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  • SINGAPORE AT HOME & ABROAD
    • 229 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. lbe
      229 words
    • 491 2  -  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 75
      491 words
    • 311 2  -  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
    • 91 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 Bay
      ERIC CHU  -  91 words
    • 274 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, and
      274 words
    • 362 2  -  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 to
      Source: Industry Association  -  362 words
    • 372 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 for
      The Straits Times  -  372 words
    • 504 3  -  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 who
      ERIC CHU  -  504 words
    • 541 3  -  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 sooner
      541 words
    • 316 3  -  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 for
      316 words
  • Page 2 Advertisements
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    • 32 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 1800-749-2577
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  • Page 3 Advertisements
    • 217 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 call
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  • FOCUS: PROPERTY
    • 658 4  -  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 of
      ARTHUR LEE  -  658 words
    • 340 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's
      BLoomberg Business News  -  340 words
    • 1232 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 1020
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  • Page 4 Advertisements
    • 178 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
    • 34 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 8288
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  • SOUTH-EAST ASIA
    • 395 5  -  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. Analysts
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    • 198 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 the
      AFP  -  198 words
    • NOTE Book
      • 63 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 step
        AFP  -  63 words
      • 61 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 on
        AFP  -  61 words
      • 78 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 banks
        Bloomberg Business News  -  78 words
      • 90 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 provinces
        Reuter  -  90 words
    • 59 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 and
      AFP  -  59 words
    • 227 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 announced
      AFP  -  227 words
    • 253 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 movement
      Bernama  -  253 words
    • 454 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 be
      AFP  -  454 words
    • 529 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, industry
      Reuter; AFP  -  529 words
    • 307 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
  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 244 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,
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    • 68 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 Bookshop
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  • CHINA-HONGKONG-TAIWAN
    • SINO Briefs
      • 64 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, which
        AFP  -  64 words
      • 54 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 register
        AFP  -  54 words
      • 44 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.—Reuter
        Reuter  -  44 words
      • 77 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), the
        AFP  -  77 words
      • 73 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 affected
        AFP  -  73 words
      • 63 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 department
        AFP  -  63 words
    • 89 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 rise
      Reuter  -  89 words
    • 381 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 with
      AFP  -  381 words
    • 432 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 an
      Reuter  -  432 words
    • 246 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 downturn
      Reuter  -  246 words
    • 227 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-metre
      AFP  -  227 words
    • 371 7  -  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 region
      371 words
    • 670 7  -  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. This
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    • 237 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 Far
      AFP  -  237 words
  • Page 7 Advertisements
    • 50 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 018 954 588
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  • Page 8 Advertisements
    • 264 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 of
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  • ASIA
    • 416 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 the
      Reuter; Source: Bloomberg; ALLAN  -  416 words
    • 224 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 Korea
      Reuter  -  224 words
    • 192 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 polled
      Reuter  -  192 words
    • ASIA Notes
      • 74 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 reapply
        AFP  -  74 words
      • 73 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
      • 53 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 a
        AFP  -  53 words
    • 306 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 reforms
      Reuter; Source: Bloomberg  -  306 words
  • Page 9 Advertisements
    • 52 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 SURABAYA
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  • FOCUS
    • 954 10  -  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 the
      REUTER  -  954 words
    • 740 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
    • 353 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, currently
      353 words
  • Page 10 Advertisements
    • 138 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's
      138 words

  • THE WORLD
    • 475 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 States
      Reuter  -  475 words
    • 415 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 the
      AFP  -  415 words
    • 234 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 under
      Bloomberg Business News  -  234 words
    • 57 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 on
      REUTER  -  57 words
    • 326 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 European
      Reuter  -  326 words
    • 431 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 organisations
      Bloomberg Business News  -  431 words
    • 336 11  -  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 tourism
      336 words
    • 398 11  -  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
  • Page 11 Advertisements
    • 147 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 j
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  • EDITORIAL & OPINION
    • 754 12  -  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 by
      754 words
    • 151 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
    • 682 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 the
      682 words
    • 1088 12  -  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's
      REUTER  -  1,088 words
    • 760 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 Rerngchai
      760 words
  • Page 12 Miscellaneous
    • 28 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 ivpftorwANP
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  • Page 13 Advertisements
    • 636 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: Lobby
      636 words
    • 92 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 from
      92 words
  • Page 13 Miscellaneous
    • 773 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. 10.30
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    • 185 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 Daughter
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  • EXECUTIVE LIFESTYLE
    • 398 14  -  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 quartets
      398 words
    • 638 14  -  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 monitor
      638 words
  • Page 14 Advertisements
  • Page 14 Miscellaneous
    • 196 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 Sfcmws
      196 words

  • COMPANIES & MARKETS
    • 439 15  -  $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 China
      439 words
    • 300 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 at
      300 words
    • 518 15  -  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 electronics
      518 words
    • 767 15  -  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
    • 249 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
    • 121 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 back
      121 words
    • REGIONAL COMPANIES
      • 342 16  -  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 allows
        ZAOBAO  -  342 words
      • 467 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 of
        MBT  -  467 words
      • 191 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, Laos
        Bloomberg Business News  -  191 words
      • 342 16  -  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 latest
        342 words
      • 388 16  -  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, PDCP
        388 words
      • 155 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 in
        Bernama  -  155 words
      • COMPANY Briefs
        • 49 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
        • 58 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 owned
          58 words
        • 66 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 7.27
          66 words
        • 34 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
        • 20 16 [SINGAPORE] Oversea-Chinese Banking Corporation has deregistered a dormant Australian subsidiary, Bank of Singapore (BOS) (No 2).
          20 words
      • 312 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
      • 221 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 cent
        AFP  -  221 words
      • 55 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 computer
        AFP  -  55 words
      • 320 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 Australia
        Reuter  -  320 words
      • 123 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 and
        AFP  -  123 words
    • INTERNATIONAL COMPANIES
      • 228 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 of
        Bloomberg Business News  -  228 words
      • 343 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 Semiconductor
        Reuter  -  343 words
      • 453 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'm
        Bloomberg Business News; REUTER  -  453 words
      • 318 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 applications
        FT  -  318 words
    • FINANCE & COMMODITIES
      • SMALL Change
        • 56 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 in
          FP  -  56 words
        • 58 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 a
          Reuter  -  58 words
        • 59 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 dropped
          Reuter  -  59 words
      • 299 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 Services
        299 words
      • 467 19  -  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 by
        Source: East Asian Insurance Congress  -  467 words
      • 264 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 that
        264 words
      • 377 19  -  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 online
        377 words
      • 84 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 the
        Bridge News  -  84 words
      • 540 20  -  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 diamonds
        540 words
      • 401 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 powers
        FT  -  401 words
      • 217 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 headed
        Bloomberg Business News  -  217 words
      • 227 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 futures
        Reuter  -  227 words
      • 383 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, falling
        Reuter  -  383 words
      • 258 20 Bloomberg Business News [GREENWICH, Connecticut] The biggest US pension funds are expected to spend about US$5 billion (Ss7 billion) increasing their real estate holdings over the next year, which could push up already high prices and fuel new development, a
        Bloomberg Business News  -  258 words
      • 229 20 SSMEXReport Reuter [SINGAPORE] Simex Euroyen and Japanese government bond (JGB) futures ended firmer in slow trade yesterday, with dealers betting on further gains as both ends of the Japanese yield curve continued to defy gravity. December and March Euroyen saw turnover of more than
        Reuter  -  229 words
      • 172 20 Reuter, AFP London THE dollar kept to narrow ranges below 1.53 marks after a brief flurry above this level earlier in an otherwise lacklustre session. "With no news to go on, the market is just ranging," said a dealer. "Dollar/mark is wellsupported at 1.5240 and dollar/yen at 111
        Reuter,; AFP  -  172 words
      • 290 20 ENERGY REPORT Reuter [CAPE TOWN] Oil companies and engineering companies are developing innovative ways to tap into Africa's largely unexplored offshore energy reserves. Delegates attending the Africa Oil 1996 conference this week heard that these ranged from concrete production barges for
        Reuter  -  290 words
      • Article, Illustration
        1346 20 prrERBAMK CROSS RATES A$ 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 MrSS
        1,346 words
    • 1838 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 4200
      1,838 words
    • 2312 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 3.400
      2,312 words
    • 1685 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 to
      Reuter  -  1,685 words
    • Article, Illustration
      1595 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 a
      AFX-Asia  -  1,595 words
    • Article, Illustration
      645 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 interest
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  645 words
    • 372 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 points
      AFP  -  372 words
    • 279 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 unch
      Reuter  -  279 words
    • Article, Illustration
      837 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 local
      Reuter  -  837 words
    • 414 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. Risers
      AFP  -  414 words
    • 619 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 there
      AFP  -  619 words
    • Article, Illustration
      747 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 sell
      AFP  -  747 words
    • 326 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
    • KUALA LUMPUR STOCK MARKET
      • 6907 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 250.8
        Bloomberg Business News  -  6,907 words
    • WARRANTS & OPTIONS
      • 3901 24  -  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 the
        3,901 words
    • 2412 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 84
      2,412 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1089 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
      • Article, Illustration
        57 26  -  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 once
        57 words
      • 860 26  -  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 a
        860 words
      • ON THE GRAPEVINE
        • 183 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 Monday
          183 words
        • 48 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
        • 135 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 not
          135 words
        • 86 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 who
          86 words
        • 60 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 CDs
          60 words
        • 83 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 offer
          83 words
    • 3964 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 3,8
      3,964 words
    • 907 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* 164
      907 words
  • Page 15 Advertisements
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  • Page 16 Advertisements
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  • Page 17 Advertisements
    • 195 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: WHAT
      195 words
    • 107 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 20
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  • Page 18 Advertisements
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  • Page 19 Advertisements
    • 106 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 low
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    • 207 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 A
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  • Page 20 Advertisements
    • 82 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 payable
      82 words


  • Page 22 Advertisements
    • 67 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.
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  • Page 23 Advertisements
    • 65 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;.......
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  • Page 24 Advertisements
    • 129 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 CYC
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  • Page 25 Advertisements
    • 203 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 5540.00
      203 words

  • Page 26 Advertisements
    • 129 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 in
      129 words
    • 384 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 is
      384 words
    • 310 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 Special
      310 words
    • 290 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 daiy
      290 words
    • 496 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. Singapore
      496 words
    • 248 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 at
      248 words