The Business Times, 1 February 1997

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 Internet: http://www.asial.com.sg/biztimes SINGAPORE WEEKEND EDITION, FEBRUARY 1-2,1997 85*
    14 words
  • 62 1 ma SUM? (-0.24) rjiwm mm 1109JS (-4.33) PI BTOOKP U 2288L73 (+5.53) PI btmqa U MK73 (+3.23) 81WAHETDIMCB Friday Change KLSKCOMP tjtft.71 +1.68 NIKKH I WW. 81 +466.97 HAJW8KNG 68f INOKX 798.94 42.14 JMMTAPOMP t +183 Manila comp +ai6 TAira WP! 7*8140 +61.41 SHOWjCOMP 686.84 +9JJ2 ifllA CHINA
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  • 73 1 EXCHANGE IATES us$ ss l«» 1.409 1.007 IMS DM 0.610 0J59 YEN IW 0.819 1.153 MS 0.402 0£M HKS 0.129 0.182 HAHT 0.089 0.0*4 KUPIAH 100 0.042 0.069 FUME KITES SINGAPORE* 144 KUALA LUMPUR. 126 JAKARTA 18.00 RAMiKOK 13.26 MANILA. 13.50 HONGKONG 8.80 TAIPEI 915 SYDNEY fi.00 TOKYO 150
    73 words
  • 647 1  -  Schroder Corporate Provident Fund will also be marketed to other companies By\ Shiv Taneja [SINGAPORE] The first corporate pension scheme since Singapore's tax laws were changed in 1993 will soon be launched by the Schroder group for its staff here. The
    647 words
  • 524 1  -  Overall rise of 5% last year within expectations: analysts By] Michelle Low [SINGAPORE] Residential property prices dipped another 2.7 per cent in the fourth quarter on improved transaction volume, and with that the year closed with a 5 per cent rise in housing
    524 words
  • 586 1  -  Korean reports suggest its subsidiary there may owe up to Ss244m By, Jennifer Lien Lee Han Shih [SINGAPORE] Trading of IPC Corp shares was suspended for a second day yesterday, while reports from South Korea suggest its operations there may be liable for debts
    586 words
  • Page 1 Advertisements
    • 133 1 OBBPB Tear of the Ok Check your horoscope, ELI The Bailies Oawatko Fortune editor and veteran Asian hand Louis Kraar on his life and time in Asia, EL 2 Fwtiie ceker Geylang Serai gets transformed into a wonderland of sights and sounds in die run-up to Hari Raya Aidilfitri, ELS
      133 words
    • 100 1 Bullish on US economic report [NEW YORK] US stocks rallied for a third session after a US Commerce Department report on economic growth in the fourth quarter showed the economy steaming ahead with few signs of inflation. The government reported that the economy grew at a 4.7 per cent pace
      100 words
    • 105 1 i Uaatwt rku Heavy duty [DAVOS, Switzerland] A lone armed security guard standing outside the Davos Convention Centre on Thursday where the World Economic Forum is being held. More than 100 leading business managers and politicians, among them Israeli Prime Minister Benjamin Netanyahu and Egyptian President Hosni Mubarak, will take
      105 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 668 2 Figures denote number of respondents Those polled for their views on next week's Singapore stock market outlook are: Alliance Securities, ING Barings, DBS Securities. Fraser Securities, Morgan Grenfell, OCBC Securities IPC Cirpontioo ♦(Maintain Underperform) Vickers Ballas Investment Research, Jan 31, SO. 58 While the repayment amount of
        668 words
      • Article, Illustration
        418 2  -  Low Siew Kheng Director, Chartered Asset Management Pte Ltd 4 4 fin HE Year of the Rat in I 1996 symbolised an X opportune year for those who were nimble-footed and crafty. Will the Year of the Ox bring hardship and strife or a bountiful harvest at
        418 words
    • 539 2  -  Unit trust managers find good response to their seminars aimed at educating the investor By I Shiv Taneja [SINGAPORE] IT's a long haul, but one that will will eventually pay rich dividends, or so fund managers hope as they set out to educate investors
      539 words
    • 1046 2  -  Watch By I Soh Tiang Keng (SINGAPORE) JThere nas a time when the company now known as ASJ Holdings was struggling to find its feet. But those days are gone. And now the company is seen to be well on a course of growth.
      FILE PHOTO  -  1,046 words
    • 502 2  -  EYE ON THE REGION Poor corporate results may delay recovery by 6 months Prom, Alan Boyd in Bangkok PROSPECTS for a sustained recovery in the Thai stock market appear increasingly gloomy, as investors are pelted with a constant stream of poor earnings results. Banks and
      Source: Bloomberg  -  502 words
  • Page 2 Advertisements

  • SINGAPORE AT HOME & ABROAD
    • 450 3  -  1,000-1,200 sq ft units fetching above $5,000 per mth; others up to $8,000 By, Abdul Hadhi THE rental market for new private housing in the prime districts appears to be firm, indicating some underlying strength despite generally softer sentiment in the
      450 words
    • 294 3  -  Byl Diana Oon ERA REALTY, a major player in the local real estate market, sold $2.5 billion worth of property last year, 32 per cent more than the $1.9 billion in 1995. But in view of the quieter overall market, ERA president Jack Chua sees
      294 words
    • 526 3 The Straits Times THE Prime Minister and 10 other PAP leaders and members are suing J B Jeyaretnam for allegedly defaming them at a Workers' Party rally on the eve of Polling Day on Jan 1. They claim he used words to allege that
      The Straits Times  -  526 words
    • 307 3  -  By Rahita Elias [SINGAPORE] Beauty boutique True Colours Makeup Art Cosmetics, known for bringing in the hottest and hippest cosmetics to Singapore, plans to launch its regional drive next year. Tammy Tan, True Colours founder and managing director, told BT yesterday: "We
      307 words
    • 313 3  -  Byi Christopher Tan FIAT and Lancia dealer Auto Asia, one of the few private car agencies here, Is spending $15 million on a new facility that will double as a launch pad for its regional plans. The three-storey 70,000 sq ft corporate headquarters In
      313 words
    • 172 3 SINGAPORE Telecom turned up the heat on the cellular and paging markets yesterday with the launch of its newly revamped $1.6 million customer service centre on Exeter Rd. The group also said it will launch new value-added services. Sing Tel chief executive Brig-Gen Lee Hsien
      172 words
    • 209 3 THE Alpha, a $49-million building in Science Park 11, was officially opened yesterday with 81 per cent of its total available space taken up. The project is the first mul-ti-tenanted building for Science Park II and has ***** sq m of net
      209 words
    • 164 3 GAS tariffs will be raised by half a cent per unit with effect from today, Power Gas, a subsidiary of Singapore Power, said in a press statement. It said the increase in price is necessary to meet the higher cost
      164 words
  • Page 3 Advertisements
    • 111 3 CONTEMPORARY ITALIAN JEWELLERS J V T.\ -i V A Jh-, -i A I 4 -'•> 4 I 1 9 m «j> rt s t **> %> «s. t m v -v a. m,% y| r* rfr I, < 94' I V I Vr-A'f* t *4iy 4, o i v i
      111 words
  • Page 3 Miscellaneous
    • 233 3 CRYPTIC CROSSWORD all over! (7) HBT" 5 Given a back seat (7) 10 Discernment in 24 (7) church (5) PL-I— 25 A unit in support is to go in —^II II 26 Tearing madly about for some- jy—^— one quite unappreciative (7) I I I I I I I I
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  • REGION
    • 410 4  -  TOKYO EU warns weak yen could renew friction between Japan and trading partners By, Anthony Rowley TOKYO stock prices rebounded to their highest level in three weeks yesterday following a comment by US Federal Reserve chairman Alan Greenspan that economic pessimism in
      Source: Bloomberg  -  410 words
    • 376 4 TOKYO Reuter JAPAN'S unemployment rate hit a record high last year amid a slow recovery in the economy, and no significant improvement is likely in the near term, the government said yesterday. The jobless rate for 19% rose to 3.4 per cent
      Reuter; Source: Bloomberg  -  376 words
    • 313 4 NEW YORK Difference in rates with other countries still too large INDONESIA central bank governor Soedradjad Djiwandono said there's scope for Indonesia to cut interest rates though he declined to say how far or how fast. The difference between Indonesian
      313 words
    • NOTE Book
      • 63 4 Bloomberg Business News [SEOUL] South Korean prosecutors yesterday arrested Chung Tae Soo, chairman of Hanbo Group, as the government released emergency funds to contain fallout from the country's biggest bankruptcy scandal. Mr Chung, who founded Hanbo in 1974, "is accused of writing US$55 million (Ss77
        Bloomberg Business News  -  63 words
      • 44 4 AFP [JAKARTA] Hundreds of troops and police patrolled the Indonesian town of Rengasdengklok yesterday, a day after thousands of Muslims went on a rampage that targeted ethnic Chinese and non-Muslim properties. Residents said shops remained closed yesterday. —AFP
        AFP  -  44 words
      • 73 4 AFP [KUALA LUMPUR] Malaysia's casino resort Genting Highlands is set to launch next month a cable car system it claims will be the longest in South-east Asia to ease traffic congestion at its resort, a report said yesterday. The 3.4-km Genting Skyway, costing Msl2B million
        AFP  -  73 words
      • 82 4 AFP [SEOUL] South Korea yesterday threatened to walk out of an international agreement to build nuclear power plants for North Korea if the Communist North accepts nuclear waste from Taiwan. "The (South Korean) people would find it hard to condone the export of Taiwanese
        AFP  -  82 words
      • 68 4 AFP fBEIJING] China has earmarked up to 30 billion yuan (515.1 billion) to write off the bad debts of state-owned firms that will undergo bankruptcy and mergers under a government pilot scheme, the People's Daily reported yesterday. The ambitious scheme, to be
        AFP  -  68 words
    • 301 4 mBANGKOK Bloomberg Business News THAI Prime Minister Chavalit Yongchaiyudh pledged to cut spending this year by 10 per cent about US$4 billion (555.6 billion) to mzfke up for lower revenue. Avoiding a deficit is critical to the government's ability to reduce interest
      Bloomberg Business News  -  301 words
    • 62 4 (MANILA] Repaired rubber shoes hanging outside a shoe repair shop in Manila's university area yesterday waiting for their owners to claim them. The shop's customers, mostly students, find it cheaper to pay 140 pesos (557.50) to replace worn out soles than buy new shoes. The price of well-known
      AFP  -  62 words
    • 209 4 BANGKOK Reuter THAILAND'S Board of Airport Development yesterday agreed to a proposal to expand Bangkok's international airport and postponed a decision on suspended plans for a 100 billion baht (($5.4 billion) second airport. The government board was originally expected to make a decision on
      Reuter  -  209 words
    • 171 4 KUALA LUMPUR AFP Reuter THE Malaysian government issued a final and severe warning to the country's estimated one million illegal workers as deadline for them to seek an amnesty expired yesterday. Illegals face expulsion and be blacklisted from returning to Malaysia while employers face
      AFP; Reuter  -  171 words
    • 105 4 MANILA AFP THE award of multi-billion-dollar Philippine waterworks contracts lurched into uncertainty yesterday as authorities gave their stamp of approval despite a court issuing a restraining order. The two 25-year contracts to upgrade and run Manila's waterworks were awarded on Jan 23 to consortiums involving
      AFP  -  105 words
  • 1495 4 CITY FUGHT ETA fllCHT ETP Abu Dtiabi BY610 2150 GA890 0120 Hanoi VN741 1310 S0176 1130 BY610 2305 S0TT5 1910 VW740 1410 MaM* S0230 1815 0F82 2050 HatYal MI893 1415 TG408 0820 0F81 1930 TG407 2120 MI894 1045 Amman RJ187 0130 —I -—*20. Amsterdam RL843 0550
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  • Page 4 Advertisements

  • REGION/WORLD
    • 443 5 WASHINGTON Economy grew faster than the 3.7% rate analysts had been expecting Bloomberg Business News THE US economy grew at a faster-than-expected rate in the fourth quarter while inflation was running at the slowest pace in three decades, Commerce
      Bloomberg Business News  -  443 words
    • 332 5 BEIJING AFP CHINESE and US negotiators reached an agreement in principle yesterday on their textile dispute, but problems with the issue of transshipments were delaying the signing of a fresh bilateral accord. "Basically, an agreement has been reached, but it appears there are
      AFP  -  332 words
    • 46 5 [BEIJING] A worker putting the finishing touches to a giant advertising billboard in Beijing yesterday. China has banned the use of superlatives in advertising to end false claims about food products, medical equipment, veterinary products and cosmetics. The ruling takes effect today. AFP
      AFP  -  46 words
    • 331 5 WASHINISftbN State Dept says respect for rights will aid economic progress The Straits Times SUPPORT for human rights will remain a key component of US foreign policy as it will create a safer world for Americans, Secretary of State
      The Straits Times  -  331 words
    • 196 5 WASHINGTON The Straits Times THE Singapore government generally upheld human rights, but continued to intimidate the political opposition, said an annual human rights report released by the US State Department on Thursday. The report said: "Although there were problems in some areas,
      The Straits Times  -  196 words
    • 552 5  -  WORLD ECONOMIC FORUM Bergsten's warning on Japanese economy falls to dampen mood By Kenneth James ECONOMIST Fred Bergsten gave dire warnings about the Japanese economy but the World Economic Forum's annual meeting of business, political and academic bigwigs opened with a predominantly positive economic and
      552 words
    • 254 5 HONGKONG AFP CHINA appears to have softened its stance on repealing some Hongkong human rights laws as a Beijing appointed body preparing the handover yesterday starts a key meeting to discuss law changes. Chinese vice-premier Qian Qichen told reporters in Beijing late
      AFP  -  254 words
  • Page 5 Advertisements
    • 327 5 for prosperity I I Toss Your Yu Skene I 37 Storeys high. There's no better way to usher in the Year of line-up of global cuisine prepared by our the Ox than a traditional Lo Hei at the Hai Tien Lo, Executive Chef Tooi Robertson. the very pinnacle of fine
      327 words
  • Page 5 Miscellaneous
    • 27 5 DOOMESBURY By Garry Trudeau IPONT GET rT-CHEISEA ~kWB£SH&Hem?AdCUT r%f«o«»v CUMICNWAHTSTOCOMB I OURLON6 SPRING OREAK, OR SHOULPCUE HOtS.7BUTSHE.COUP I OUR WINNING J.V. 1, BUT THIS IS NOTIFY THE
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  • COMPANIES & MARKETS
    • 535 6  -  Sing Tel to decide if it will stay in Taiwan after this 2nd failure to enter market From. Bruce Cheesman in Taipei SINGAPORE Telecom, which spent two years and invested more than US$7 million (Ss9.B million) in a thwarted attempt to break
      535 words
    • 176 6 [SINGAPORE] Singapore Telecom lost out on "technical" points in the tender for Taiwan's nationwide and regional paging licences, said a company spokeswoman. Sources said the cost of preparing for the tender had come to $4 million, but this could not be confirmed. Sing Tel,
      176 words
    • 275 6  -  By- Abdul Hadhi ISINGAPORE] Riding on a wave of strong IPO sentiment, shares of ASJ Holdings scored a 62.5 per cent first-day premium yesterday, though still below the record 77 per cent premium chalked up by Chuan Soon Huat among IPOs this year. The shares
      Source: Bloomberg ALLAN  -  275 words
    • 623 6  -  HOCK LOCK SIEW Abdul Hadhi A RECENT World Bank report appears set to turn Indonesian salt producer Fiskaragung Perkasa into a stock market darling. The study, which led the World Bank to announce a US$2B.5 million (Ss4o million) loan
      623 words
    • 431 6  -  Bnt Pacific Bank may still merge with M'sian operations of Great Eastern Life From Eddie Toh in Kuala Lumpur AS EXPECTED, talks on a merger of OCBC Bank's Malaysian operations and Pacific Bank have been called off after long and protracted negotiations over control of
      431 words
    • 441 6  -  By t Ang Wan May THE Singapore Press Hold-ings-led groups that bought the Paragon and Promenade are carrying out a five-month study into ways of turning their huge 340,000 sq ft of prime retail and office space into a hub of activity. Sng
      CHRIS LOH  -  441 words
    • REGIONAL COMPANIES
      • 471 7  -  He ties op with second board listed Denko in bid to explore oil in > Mftngnlian ffafld From. Eddie Toh in Kuala Lumpur EDWARD Soeryadjaya, exchief of the ill-fated AstraSumma group in Singapore and Indonesia, has emerged as a corporate figure in Malaysia.
        471 words
      • 415 7  -  The counter rose 26 cents or 11%, farther upside seen By, Jenny Lam [SINGAPORE] The Hind Hotels International stock jumped to a three-year high of $2.60 yesterday following a BT report that the company planned to change the bulk of
        Source: Bloomberg  -  415 words
      • 414 7  -  Move comes after the other depnty chief named CEO Frorni Quak Hiang Whai in Hongkong A MONTH after the Stock Exchange of Hongkong announced the elevation of deputy chief Alec Tsui to the post of chief executive, the exchange's other deputy chief Herbert Hui has
        414 words
      • COMPANY Briefs
        • 41 7 [SINGAPORE] Superbowl Holdings has appointed Ho Kah Leong as a non-executive director. Mr Ho is the senior parliamentary secretary to the Minister for the Environment and also principal of the Nanyang Academy of Fine Arts.
          41 words
        • 32 7 [SINGAPORE] Pacific Can Investment Holdings has appointed Chong Ah Kian and Chong Lian Him as executive director and deputy chief executive officer respectively, with effect from today.
          32 words
        • 49 7 [SINGAPORE] United Overseas Bank has renamed its wholly-owned merchant banking subsidiary United EBV Ltd to UOB Asia Ltd with effect from Jan 8. Hongkong-based UOB Asia increased its paid-up capital to HKI7S million (5113.6 million) last month following a rights issue of HK567.5 million.
          49 words
        • 90 7 Reuter [LONDON] British oil products company Northern Petroleum pic said yesterday it had signed a conditional agreement with Malaysia Mining Corporation Berhad (MMC) for MMC to buy 12 million new ordinary shares in Northern at 3Sp each. Northern Petroleum said the new ordinary shares bought
          Reuter  -  90 words
        • 65 7 Reuter [KUALA LUMPUR] Berjaya Group Bhd has bought another 35.19 million shares representing 12.56 per cent of subsidiary Berjaya Singer for a total of M 5173.27 million (Sf96 million). Berjaya Group said it now owns 78.9 per cent in Berjaya Singer comprising 221.02 million
          Reuter  -  65 words
      • 348 7 AFP [KUALA LUMPUR] Malaysia Airlines chairman Tajudin Ramli has said the reform of the airline is almost complete, reports said yesterday. Mr Tajudin, who is also chairman of telecoms firm Technology Industries (TRI), said he is now "very comfortable with his team
        AFP  -  348 words
      • 408 7 THE JUMABHOT CASE No mention of this in court documents he filed: Rafiq's counsel The Straits Times RAFIQ Jumabhoy's counsel yesterday launched a multipronged attack on younger brother Iqbal for saying that Rafiq's share option was meant to be shared by all four siblings.
        The Straits Times  -  408 words
      • 293 7  -  Panel says claim was properly excluded by the contract By, Agnes Wee [SINGAPORE] A London arbitration panel has rejected Swiss-based Allseas group's £182 million (*****.3 million) claim against Sembawang Corporation (SembCorp) over a 1993 contract involving Allseas' vessel Solitaire. SembCorp said in
        293 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 373 8 The surprise move is expected to hasten plans to deregulate the stock market Reuter [TOKYO] A small securities house has cracked open Japan's highly regulated stockbroking commission system in a move which industry sources say should accelerate plans to deregulate the stock
        Reuter  -  373 words
      • 469 8 ItHpayUSssJo per share, assume USs3o7m in debt Bloomberg Business News [IRVINE, California] Samsung Electronics Co said it has offered to pay US$469 million (*****.6 million) in cash and assumed debt for the remaining 54 per cent of AST Research Inc that it does
        Bloomberg Business News  -  469 words
      • 67 8 [HAIKOU, China] Chinese cyclists pedalling past a Boeing- 737 passenger jet parked on the tarmac of the airport in Haikou, on China's southern island province of Hainan, recently. Hainan Airlines plans to buy 10 aircraft from Boeing Corp in the next two years in a
        REUTER  -  67 words
      • 189 8 Reuter [LONDON] British retail banking group Abbey National pic said yesterday that it has made a bid of between £1.1 billion (552.5 billion) and £1.4 billion for life insurance company Scottish Amicable. Scottish Amicable, which earlier this month announced plans to shed
        Reuter  -  189 words
      • 226 8 Bloomberg Business News [ATLANTA] Coca-Cola Co's fourth-quarter earnings rose 18 per cent as its sales surged overseas. The world's largest softdrink maker said net income rose to US$762 million (551.07 billion), or 31 US cents a share, from US$64B million, or 26 US cents, in
        Bloomberg Business News  -  226 words
    • SHIPS IN PORT
      • 782 8 Vtutf toy Mrt* */Thul 0»»«rt»» JM|M ■ii-n *701 JtO 0102/1(00 IMf D*»o ****** J17 itonjitto 01.02/2300 R ImM J 0201*7 JOI atwxjSM* 0) 02/0)00 M Nurduni 0201*7 J01 *»«w* 0102/0X0 CHarry 1m 01 J» a««(s4» 02.02/1700 ON (nft 1 J8 «Kxxjv<* 02.02/2300 Eum Mot 1 JW JKXXJVO. 01.02/1300
        782 words
      • 1736 8 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Boofcinq/Boloncc Rstls Ship Voy No Etb/Btr Portod From To From Au Apncot on* 03/0700 a JVHM 1V*H ivim 2A 3VT700 01/0659 OWN 2» 11/1700 OVO*51 01/0*00 J 01/0700 OVW* OVMM 4 OVUM OVMS* 01/1700 talata OM 01/1300 i WHOO JWN
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    • FINANCE & COMMODITIES
      • 601 9  -  Government photographers made sure that no-one was leftont Prom'. Bruce Cheesman in Taipei PHOTOGRAPHERS snapping away at several hundred potential investors attending is-land-wide seminars held by the Singapore International Monetary Exchange (Simex) in Taiwan last month made smre that no-one was
        601 words
      • 409 9 USS/mark: The greenback gained from a low of 1.6309 on Monday to reach a high of 1.6570 on Thursday before shedding gains to a low of 1.6315 on the same day. The unit was seen trading around 1.6375 yesterday morning. Neutral daily
        Source: DBS Banks  -  409 words
      • 361 9 Statement follows rumours of trouble ontheLME Reuter [SEOUL] South Korea's largest metals producer, LG Metals Corp, on Thursday denied any losses from futures trading after its share price plunged on rumours it was in trouble on the London Metal Exchange (LME). "No
        Reuter  -  361 words
      • 433 9  -  Insurer wants to raise market share over next 5 years By Soh Tiang Keng [SINGAPOREJ Paris-based Axa Life Insurance has unveiled a four-point plan to expand its operations and increase its market share in Singapore over the next five years. The plan covers:
        433 words
      • 218 9 «I—Report Reuter [SINGAPORE) Simex Euroyen futures remained resilient in the face of hefty gains in Tokyo stocks yesterday as most players were confident Japan would maintain a low interest rate regime for the time being, dealers said. Overnight comments by Federal Reserve chairman Alan Greenspan
        Reuter  -  218 words
      • 170 9 AFP Reuter THE dollar gained ground in reaction to announcement in Washington of a strong American gross domestic product (GDP) performance for the last quarter of 1996. At 1405 GMT, the dollar was at 1.6378 marks against 1.6342 just before the announcement and 1.6377 on Thursday. It was
        AFP; Reuter  -  170 words
      • 311 9 ENERGY REPORT Reuter [SINGAPORE] A large build up of diesel stocks in Hongkong has led some major oil firms to turn away cargoes that were originally destined for re-sale to China, industry sources said yesterday. "Hongkong majors turned away some cargoes
        Reuter  -  311 words
      • Article, Illustration
        1351 9 DTTE&BAMK CROSS RATES Jan31 CS —I ICU rtr m M m M} «Wlli Nw —i Vt im US$ 1031 11>8 0.448 4232 1253 1924 27.427 6.66 0.934 6.613 WW ll» ***** ***** 1077 3.487 LOW 20.970 19.834 0.476 0.764 CM 1970 6.166 0.428 4.105 1216 5.746 26.605 17.60 0.906 6.415
        1,351 words
    • 1597 10 SICOM FUTTOBB Jan 31 RUMII (Man dMta|« alUOpM) RSS1 CONTRACTS cwtaAi) ClOM Mmio OpM Mwtfc M|k Low Mt (toMts) totorest FeP 97 165.00 800 N«r 97 167.00 1950 Apr 97 170.25 167.00 169.50 200 1100 Itey 97 ***** 168.00 170.50 200 1225 JM 97 172.25 169.00 ***** 200
      1,597 words
    • 2266 10 LONDON JaaJI Paata AB Ports 301.400 4.400 AMay National 784.400 tt.400 AHadDomacq 429.400 6 Ante 103 .600 Aid* Group 121.400 -1.600 BAT Ind 488 3.600 BICC 286 *.600 BOC Croup 949 *7.600 80 Patrotaum 735 *11.600 8TR 258.400 2.400 Bank a< Scotland 323.400 *9 Barclays 1164.400 22
      2,266 words
    • 1589 10 AFP QnfaW «4KJ7 SHARE prices surged 2.6 per cent yesterday, following comments by US Federal Reserve Board chairman Alan Greenspan that pessimism about Japan's economic prospects seemed over-done, brokers said. "Investors are actively buying, focusing on international blue chips," a dealer at a midsized securities house said. The 225-share
      AFP  -  1,589 words
    • Article, Illustration
      1629 11 AFX-Asia M Hang Seng +3139 SHARE prices yesterday closed higher in quiet, featureless trade ahead of the Lunar New Year holiday next week and with concerns that institutions are reducing their weightings, dealers said. The Hang Seng Index closed up 33.39 points at 13,321.79. Turnover- was HK$9.l billion. February
      AFX-Asia  -  1,629 words
    • Article, Illustration
      653 11 Reuter n Shenzhen B Index *L 72 THE Shenzhen B market rose yesterday, the last session before the twoweek Lunar New Year holiday, with investors generally optimistic about the market's outlook. The B Index rose 1.72 points to 156.18 on volume of 12.8 million shares worth HK569.55 million. The
      Reuter; Source: Credit Lyonnsis Securities (Asia) Ltd  -  653 words
    • 395 11 AFP PwPlndn +C.42 SHARE prices finished 0.9 per cent higher yesterday, propelled by a good performance among large-capitalisation and banking issues. "Following yesterday's buying by foreign investors, more players stepped in to grab heavyweight blue-chips," said a trader. The TSE Weighted Price Index jumped 61.42 points to 7,283.40. Turnover
      AFP  -  395 words
    • 266 11 Reuter nWeffington -13.76 FALLS in most leading stocks took shares lower yesterday as concerns over corporate earnings outlook started to bite. The NZSE-40 Capital Index closed down 13.76 points at 2,386.74. Reuter FtPaykal 5-25 -0.03 *****7 Farm Corp 4.95 unch ***** Goodman FiaMar L77 -0.04 3002 Lion Nathan 3.75
      Reuter  -  266 words
    • Article, Illustration
      841 11 AFP □set Into -3114 SHARE prices plunged 3.9 per cent yesterday on concern over the effects of the strong dollar on companies with for-eign-denominated debt and financial companies with problem loans. Foreign investors led the sell-off amid rumours of a devaluation of the Thai baht, brokers said. The SET
      AFP  -  841 words
    • 406 11 AFP Pi Composite Index +9J32 SHARE prices rose 1.4 per cent yesterday, boosted by the government's commitment to minimise any fallout from problems faced by the debtstricken Hanbo Group. Dealers added that investors also believe the government will soon come up with marketboosting measures. The Composite Index added 9.32
      AFP  -  406 words
    • 606 11 AFP flAnOrtoiries *10 SHARE prices rose yesterday, largely on the back of strong industrial issues, although a drop in the gold price and weak stock index futures affected sentiment. The All Ordinaries Index rose six points to 2,423.7. The Gold Index lost 15.7 at 1,722. Turnover was 536.8 million
      AFP  -  606 words
    • Article, Illustration
      734 11 AFP F1 Composite Index +3L83 SHARE prices closed 0.6 per cent higher yesterday on selected buying of heavyweight stocks as regional funds chose Indonesia in preference to other Asian markets. The Composite Index closed rose 3.83 points at 691.12. Turnover was 265.1 million shares traded valued at 551.6 billion
      AFP  -  734 words
    • 348 11 AFP Pjwfa +29J5 SHARE prices rose 0.9 per cent to their second consecutive record high close yesterday on buying of blue chips. The Composite Index rose 29.15 points to 3,421.91. Turnover was 29.3 billion shares worth 4.8 billion pesos. Ayala Corp A shares rose 1.25 pesos to 26 as
      AFP  -  348 words
    • KUALA LUMPUR STOCK MARKET
      • 7909 12 sm BHtaa Qui KLKCompoutt 1216.72 1215.03 *t69 NSTMatrtal 6299.59 6272.97 *2C62 *51 *****.94 14*0X73 ♦233.21 NST PropfttOT *****9 3157.05 *624 MS T Mining 3111.96 *****4 »2.72 TynmrfW) 216,077 274,466 -5*369 tWW 1.500.427 187,738 ***** 2J.938 -5,692 *«ttM4t»*o<l 17,961 27,997 10,014 Coewtouction 13J35 ***** *3,072 ***** 52.647 13.416 MraMructur* 746 207
        7,909 words
      • 524 12 Industrial Park. Bloomberg Business News Q Composite Index +1.69 STOCKS rose for a second day yesterday, on hopes shares of United Engineers (M) would benefit from several large construction projects that are expected to boost earnings. "They are expected to secure a 30
        Industrial Park. — Bloomberg Business News  -  524 words
    • WARRANTS & OPTIONS
      • 3722 13 BONOS, LOANS ft VARIANTS VI 1996/1997 iMt Vol Dov Lost Quota Ave Hkjli Law St no Company Sal* «w COOOi Hign Lao Bvyar SaMar MM 64.5 47 m 3000 m AMD6 c5.5"VW)202»6 M -5 ~123 UJ 59 573 60 51-5 39 3160 "Acer ******1 US$ _48 47 43 109 86.5
        3,722 words
      • 180 13  -  WARRANT WATCH By] Larry Wee THE Hicom warrant, which expires on Dec 18, 2000 may just be worth a second look. The company's plans for the future include a significant thrust into the finance company business, which dovetails neatly with
        180 words
    • 2213 13 MAUVSIAN STOCKS a j f Cr Cr 1996/1997 V« Day LattOuote Mv Otv VM Het M Cap HUft Low Stne Coinpawy Sate fOPO) H>» L— fryar Saier CVf P/t M 625 360 m s 5000 AIS8 SOc 408 10 2 408 408 406 416 5.0 4.9 0.4 85.0
      2,213 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1326 15 TUMOVCt COOQ) VALUE C$00) Wfc Cm t«* mm CM) t«I WdustrW 40,903 14.19T 60,100 122.254 JUKI 153,564 Flnanct 435? 13.507 1«.M4 75,049 14.911 93,941 Hottu 2,214 1,881 4,095 5.408 3,942 9.370 Prapwttos 4,869 30.744 37,655 ***** ***** ***** 2,055 2,055 5,195 5,195 574 574 1,429 1.429 4LW 5,419 42.294 47,717
        1,326 words
      • 223 16 tteda ¥eh—e ASJHktqs 20c 21,312,000 •101 Corp Wt 10,809,000 •Renong WtOO 10,267,000 Lung Kee Metal 9,122,000 Jade Tech 50c 7.410,000 •IGB Corpn TSR 6,609,000 •Sri Hartamas 6,491,000 *M8f Hldgs 50c 6,242,000 *RL Industries 5,964,000 *Uen Hoe TSR97 5,825,000 Shda S OCBC Foreign 28,047,373 ASJ Hldgs 20c 18,161,445 •KL Industries 17,006,160
        223 words
      • Article, Illustration
        60 16  -  -bf Shiv Taneja US DOLLAR listed Roly International, whiM closed up 1.5 cents at 60 cents on a volume of s.snmlion snares yesterday, is a buy at current levels. Tm J r 7?oV lar wdicute a key reversal bottom, and dm, ly RSI and stochastics are oversold. The
        60 words
      • 664 16  -  STOCK MARKET COMMENTARY With a shortened trading week dne to the Lnnar New Year and Hari Raya Pnasa holidays, brokers expect activity to be snbdned next week By Larry Wee [SINGAPORE] Activity yesterday continued to centre around stock market new-comers and selected electronics counters.
        664 words
      • ON THE GRAPEVINE
        • 167 16 SAND is just sand to some suppliers. So when Johor announced a ban on the export of the material on Thursday, contractors naturally felt some apprehension about suppliers here jacking up prices even though about 95 per cent of the material is from Indonesia. Last year, after
          167 words
        • 102 16 A WOMAN financial controller of one of Singapore's biggest listed companies was seen in an agitated state three nights ago. The scene was one of those sprawling florist lots which have been doing a booming business selling festive flowers for the Lunar New Year. The cause?
          102 words
        • 67 16 ONE of the most outstanding features of the Tower Club atop Republic Plaza is its board of governors. No, we're not talking about the positions of these people, impressive as they are, but the number. The Tower Club has a total of 40 governors! Quipped a research manager
          67 words
        • 100 16 BANGALORE, or specifically Technology Park's maiden project there, is a place where science meets myth. At the topping-out ceremony for the JTC subsidiary's project in the capital of the Indian state of Karnataka, the state's Chief Minister, J H Patel, noted that Techparks appeared to have modified
          100 words
        • 112 16 THERE is nothing like a little help from friends. According to IFR Publishing, Chase Manhattan Bank has reached the top position in the league tables for arrangers of international loans in the Asia Pacific region. The firm's dominance, IFR Publishing said, is partly the result of Chase's merger
          112 words
        • 117 16 OCBC Asset Management is relaunching its two CPF approved unit trusts in line with 1 the liberalised investment guidelines. Nothing new in that, nor the fact that the relaunch has been timed for tomorrow, to coincide with its new advertising pitch in the media.
          117 words
    • 4886 15 Gr Gr M Wt 1996/1997 LMt Vat Day Last Ouate Olv Olv YM Net Cap Avg High Law StNo Company Sate COOP) HH» Low Buyer Setter C'vr p/C $mtt Price INDUSTRIALS 5146 ASENT$10 200 US- tOOO 900 1275 ASFUS$0.***** US900 S 8S 900 214 165 1258 Acar50c US171
      4,886 words
    • 1077 15 ■y-s. a rS. —•"u. 5 ,s as a.» scum > ;if g 289 US 2000 Mr HMai 5c MS unci 7 >65 »63 16) 169 10 Ui 01 1031 71.4 167 •3 68 2049 AS Auto K>t_ 183 *5 147* 183 178 182 183 4aO 17# •7.5 81 |2»
      1,077 words
  • Page 6 Advertisements
    • 216 6 Enjoy f fMgi The Best of At Berjaya Georgetown Hotel, For Only RMl3B.oo++ H Located in the heart of Georgetown and within the Midlands Park business, shopping and entertainment complex itself, the newly opened 330-room Beijaya Georgetown Hotel is the perfect choice of hotels when it comes to enjoying Penang's
      216 words

  • Page 7 Advertisements
    • 140 7 ttrfeHttoe* Sfteetot IST-14TH FEBRUARY 1997 True, Seeger is expensive. But on this special occasion, you can own a Seeger, or give one as a gift, for a mere $175. W SEEGER CREDIT CARD HOLDER Superbly finished in French Umbskin, compartments for secret pockets a bill/currency Seeger stands for traditional values,
      140 words




  • Page 11 Advertisements
    • 56 11 to Q to the enhance your corporate image with a self-funding special feature in our S I how you can to the a -i feature, contact: XH.& Heng-Tel: 740 2481 Pg: 9306 8499 |^^^r«p ft/fib Official openings Corporate anniversaries ISO cerafication ccremonies Topping-up ceremonies Ronald Chua Te1:740 2042 Pg: 9309
      56 words

  • Page 12 Advertisements
    • 135 12 ~~Land Transport Authority Infoline_ COE Bidding Results Car Registration Number Availability. Available on loth or 11th of every month. All yon Available between Saturday and Wednesday each week. All you need is need is enter your IC, toapoit or Company Registration enter your Car Reparation number, number and the Vehicle
      135 words

  • Page 13 Advertisements
    • 123 13 <===» lO free faxes today! I ||>XMAILER cM Got an Internet a«:ount...try out Send e-mail to any place in 11 I Asia One's Fax Mailer where you AA jfcl fl continental United Slates from I can send e-mail MMM I lIM Mm HI V HinT anywhere in the world for
      123 words

  • Page 14 Advertisements
    • 314 14 WE ALSO SERVE... clubs (Callaway, Lynx, PRGR), apparel (Quantum, Lily's of Beverly Hills, 4 Marcia, Darlyn Designs, La Mode,), accessories, shoes (Dexter), head wear i i (Billie Ross, Imperial, Cali-Fame), socks (Red Robin), gloves (Titleist)... ALL LADY GOLFERS Because Pan-West knows golf best Pan-West is the region s leading golf
      314 words

  • Page 15 Advertisements
    • 28 15 For real-time stock information, Scall Quickstock on 1900-913-0003 at 30 cents a minute. Stock numbers are available in the stock pages of The Business Times and Lianhe Zaobao.
      28 words
    • 22 15 FOUND SOMETHING? Locate its owner through Classification 821 (Found). t Simply call C.A.T.S. at 1800-737-1166 for this free sen>ice. Another Classified Service
      22 words

  • Page 16 Advertisements
    • 463 16 BUSINESS Xotices l() l-I Ul I ISOO.-4I ISS.< 1 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ISLAND TIMBER PTE LTD (In Morten' Voluntary Liquidation) NOTICE TO CREDITORS NOTICE IS HEREBY GIVEN that the creditors of the abovenamed Company, which is being wound up
      463 words
    • 249 16 NOTICE NOTICE IS HEREBY GIVEN that, I TAN THOO MONG of BLK 169 WOODLAND ST 11 #08-83, SINGAPORE *****9, have applied for a BEER HOUSE FIRST CLASS in respect of M/s BROADWAY 848 FOOD CENTRE PTE LTD located at BLK 848 YISHUN RING RD #01-122, SINGAPORE *****8, and that this
      249 words
    • 202 16 NOTICE IS HEREBY GIVEN that, I Aw Teck Sin of Blk 8 Taniong Pagar Plaza #***** Singapore *****s, have applied for a Beer House 1 st Class in respect of M/s Ocean Park Cafeteria located at 60 Jurong West Street 91 Singapore *****0 and that this application will be considered
      202 words
    • 77 16 WEEM TRADING PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE or FINAL a—M, MFETINr. NOTICE is hereby given pursuant to Section 30>(l)Jk (2) of the Companies Act Cap. SO. that a Final Meeting of the Company will be held at 101 Upper Cross Street #04-43 People's Park Centre. Sinfapore *****7 on
      77 words
    • 237 16 you m 1 real-time stock information and a j4 ir^^HH Wf J portfolio manager to help keep track of your stock! j JMHj 111 PORTFOLIO MANAGER |2 rgf Takes the trouble to monitor your stock performance. pIJIMM Qf Computes latest net profit/loss of each stock and the whole porfolio S/fllj|
      237 words

  • EXECUTIVE Lifestyle
    • 1551 17  -  Will the Year of the Fire Ox be a good one for you? ooummbbbbs checks your horoscope LUNAR NEW YEAR CORINNE KERK SOMEONE recently protested that the Chinese zodiac made her one year older than she really was. Her consolation, of course, is
      1,551 words
    • STRAWS In The Wind
      • 91 17 HOW's this for service? Having placed an early morning wake-up call in Bombay's President Hotel, a journalist woke up before the arranged time and was already having breakfast in the coffee house when he was summoned to the telephone. "The operator wants to talk to you," said the
        91 words
      • 77 17 ARE "love" hotels getting more respectable these days, or just more blatant about selling themselves? Spotted on an SBS bus panel was this ad for a new hotel in Geylang offering "shorttime" rates for "as low as $19", and an overnight stay for $49. Perhaps we're
        77 words
      • 51 17 THE things they put on knapsacks these days. Spotted on a teenager's backpack was this badge with the line, "It's not the length, it's not the size, it's how fast you can make it rise." On the other hand, maybe it was referring to the kid's share
        51 words
    • VIEWPOINT
      • 1654 18  -  Fortune editor and veteran Asian hand Louis Kraar talks to khmmbth jambs about memorable moments and lessons learnt from a distinguished career covering this most ancient and modern of continents v THE RAFFLES Conversation KENNETH JAMES LOUIS KRAAR's three decades of writing on Asia
        BOBBY YIP/REUTERS FOR BT  -  1,654 words
      • 644 18 SINGAPORE was an early "life lesson" for Louis Kraar. "The first time I came to Singapore was in the early '60s on a visit, and I thought it was a very scruffy city. I mean, it appeared that way. I remember being in a taxi coming
        644 words
      • 919 18 A FORTUNE magazine assignment some 25 years ago gave Louis Kraar an unforgettable first-hand experience of the overseas Chinese network. The brief seemed simple enough: talk to businessmen who personify the wealth and power of the overseas Chinese. The task turned out to be less straightforward
        919 words
    • FESTIVALS
      • 667 19  -  Geylang Serai gets transformed into a wonderland of sights and sounds in the run-up to Hari Raya Aidilfitri. ooßonra sbbx finds herself unable to resist its allure CORINNE KERK HECKLIST: Comfortable shoes, some cash, a keen eye for good buys and a couple of hours
        PHOTOS BY CHRIS LOH  -  667 words
      • 609 20  -  CINEMA John Travolta is Michael's only saving grace By i Corinne Kerk Angels we have heard on high, never known to smoke a pack. But Hollywood in swift reply, has given us a trucker-type. And so it has, entrusting a pair of sadlooking wings to
        609 words
      • 642 20  -  If you're looking for some high-speed action, yon won't want to miss Tnrbnlence, which delivers an electrifying rush of aerial thrills and spills By, David Boey Talk about exploitation: the biggest star in the action thriller Turbulence does not even earn a mention in the
        642 words
      • 558 21  -  CINEMA George P Cosmatos' Shadow Conspiracy not only fails to titillate, it could also leave most of its andience unhappily comatose By David Boey THIS review could ruin your time at Shadow Conspiracy if it inadvertently unmasked the chief culprits behind the tale of deceit which the
        558 words
      • Article, Illustration
        358 21  -  Compiled by M Yasotha Managing for Competitive Advantage in the 21st Century: Technology Transfer A Regionalisation The importance of regionalisation has been a focus and an essential strategy for companies wishing to expand. This seminar will highlight the new technological trends that will dominate in the coming century,
        358 words
    • EPICURE
      • 800 22  -  Ever wondered about the origins of that favourite Lunar New Year confection? And where you can buy the best ones in town? jaimb bb has some answers JAIME EE ITS YELLOW. Sweet, a little sticky but crispy-crumbly around the edges. It sits in
        CHRIS LOH  -  800 words
      • 540 22 RECIPES DOES the annual reunion ritual of shark's fin, abalone and hunting through coloured bits of vegetables for slivers of overpriced raw fish get you down? It may be time to get away from the predictable 10-course, assembly-line reunion dinner and feast on something
        540 words
      • 306 22  -  SOUPS Checkout Everbloom's eight Superior Shiitake varieties By 1 Tan Su Yen THIS Lunar New Year, savour traditional soups like shark's fin and dried abalone without lifting a finger in the kitchen. K K Tan, founder of biotechnology firm Everbloom Mushrooms which grows shiitake mushrooms, has
        306 words
      • 740 22  -  WINE CONNOISSEUR Ton don't need a First Growth to go with your raw fish salad or sneklingpig. Here are some worthy alternatives By] N K Yong I HAVE just returned from a four-day wine and food festival in Manila which in many ways was
        740 words
    • Article, Illustration
      1141 23 All's Well End's Well *97. The Lo family and their problems, starring Stephen Chow. In Mandarin with English subtitles. Picturehouse: 4; 12am. Lido: 5.15; 11.45. Yishun:s.ls; 11.45; 1.50 am. Pavilion: 5; 11.30. Choa Chu Kang, Savoy, Hougang: 4.45; 11.45. Oriental: 12am. Republic: 11.45pm. Century, Woodlands, Princess: 5; 11.45. Golden:
      1,141 words
    • TRAVEL
      • 1534 24  -  White tigers, cascading waterfalls and battling galleons give Las Vegas a family-oriented makeover. And yes, there's still gambling, ju tax reports JU TAN LAS VEGAS. The city of dreams. Deeply embedded in the parched terrain of the Nevada desert, this bejewelled city has
        PHOTOS BY JU TAN  -  1,534 words
  • Page 17 Advertisements
    • 3 17 Raffles Conversation LouisKraarEL2
      3 words
    • 100 17 Epicure In pursuit the perfect pineapple tart el e wPSHp^jH j What to eat if you drive a Mercedes. j The answer is simple. Just follow the Mercedes drivers of America. From film stars to fashion gurus, from movie moguls to music magnates, they're all into America's innovative contemporary cuisine.
      100 words


  • Page 19 Advertisements
    • 50 19 BUsjjjigjSi PlWng the M ftomchise Game and winning big! WJ /fet v guide for Mtfnngffanchisees Available at Newsstands NTUC Supermarkets Caltex Published by rimes Periodicals, member of STOP PRESS kiosks 7 Eleven Mobil Times the Bookshop Cold Storage SPC 4KR& Singapore Kinokuniya Shell •BP Afiß Press MPH esso WP Holdings
      50 words

  • Page 20 Advertisements
    • 134 20 BONUS! BABY GUESS height chart inside g you no na rents If my child won't eat! Is playschool onl^ Homework without any fuss v [cppci DISCIPLINE pis WARS 1 When parents v can a^ree FROM PARTY LAND mm "I'M NOT SLEEPY!" Solutions at every age IHLMIMEO® Latest colour Q[Z Versatile
      134 words

  • Page 21 Advertisements
    • 196 21 Where to wine, dine and entertain Unwind with golden bubbles at the Hubert us Grill ibis Sunday witb a free glass I of Gold Sekt Champagne, containing real 24 carat gold flakes. Tbe perfect compliment to I a Sunday Bruncb, that even King Midas f nd hard to resist. A
      196 words
    • 132 21 Raaofipftw Buffet 9TH JANUARY !9TI! FEBRUARY 1997 KINTAMANI AX -mOOHESIAN RESTAURANT- APOLLO HOTEL SINGAPORE At Sundown, amidst the splendor of Kintamani, break your fast with succulent dates from the Middle East Quench your thirst with a wide choice of cold Bandung, syrup with RMMBM Surm BjjiSdi»d,»«lCta>dol ||m Tnen whet your
      132 words
    • 133 21 A Ramadan Taste Of Malaysia Date 10 January to 5 February 1997 Price Adult: Ss2B.oo+++ Child: SslB.oo+++ Nightly from 6.30pm to 9.30pm For reservations, please call 731-7990 «O* A l 36 §W\, CROWNt PIAIA SINGAPORE 25 Scotts Road, Singapore *****0. Tel: (65) 737-7966 Fax: (6S) 737-6646 We've Stretched Our Serving
      133 words
    • 18 21 For ad\ertisement details on Wine, Dine and Entertain, please call Vlclinc (ioh at 74(>2212 W9B Singapore Press Holdings
      18 words
    • 87 21 BiQGEST Dian Xm Restaurant At The Neptune on shenton Way Dian Xin/Lunch 11 .<4 j 11.30am-2.30pm ncpcunc j 7tm floor. Overseas union house. Strengthen family bonds over an auspicious meal Complimentary Prosperity Yu Sheng starter j Oriental buffet with shark's fin soup, sushi and 'good luck' dishes 6 February 1997
      87 words

  • Page 22 Advertisements
    • 117 22 A HOME FOR YOUR FINE WINES Cellar master Wine Storage (S) Pte Ltd is Singapore's first dedicated wine storage company. Our storage facilities have been designed for the long term storage of fine wines. Temperature is controlled at 14° C, and each customer is allocated a locker with its own
      117 words

  • Page 23 Miscellaneous
    • 2053 23 TODAY'S TV BBCOMMPM »pn wmynffl JVllitari 12 "1 4°o Sell A Vision. 11.00 AM TV Innovations. B Prime 12 Time to dress m h t e r nd^h mse ,f IV T«. B 1_ drawn to Griffith, Will ,00 Tennis World H 2 oo PM Ketchup Vampires. your best human
      2,053 words