The Business Times, 30 August 1997

Microfilm: NL20889
Total Pages: 28
1 28 The Business Times
Page thumbnail Page 1
  • Title Section
    Masthead
    8 1 THE BUSINESS TIMES MITA (P) 023/12/96 85* SINGAPORE
    8 words
  • Article
    MARKET SUMMARY
    62 1 nsm mm MU( (-40.98) HfMM mm 88*28 (-27.86) BTOOHP WW* (-22.88) D M06H8.60) Friday Change KLSE COUP NiM -7.78 NIKKEI I8JR4J 222.03 HANG SENG 14,1*15 -74A86 SET INDEX ma -&M JAKARTA OOMP —***** 36 41 MANILA OOMP _£«1J* -W.4S TAIPH WPI dosed SMHJLOOMP 7t427 ItM CIAA CHINA B
    62 words
  • Article
    FINANCE
    64 1 us* a» US* LM» S 1611 8.443 OH M68 9M2 y& 1» §818 1J66 Mil W# I ft 129 ftlM ft«9 0.944 WPfAH MO ft«S4 Mil PUB Bins SINGAPORE* 144 JAKARTA 1AM ■AMBOK ZZ 1126 MAWLA 115# HONGKONG &7i T/UPRL Itt SYDNW. Mf TODD 1M 117| 2m VRAHMTJRT"*. 4J|
    64 words
  • Article, Illustration
    Lock icon Regional markets bashed for second day in a row
    615 1  -  Widespread redemptions as foreign funds lose confidence in regulatory systems By] R Sivanithy [SINGAPORE] Widespread redemptions by foreign funds brought regional stock markets to their knees yesterday, as foreign investors lost confidence in the region's regulatory systems, particularly in Malaysia. Amid
    Source: Bloomberg; ARTHUR LEE  -  615 words
  • Article
    Lock icon KL scraps 15% limit on bank loans for stock purchases
    169 1 Bloomberg Bernama [KOTA BARU] Malaysia is lifting its limit on commercial bank lending for the purchase of shares effective today, Prime Minister Mahathir Mohamad said. "Banks can give more loans so that (investors) can buy shares," he said after addressing
    Bloomberg; Bernama  -  169 words
  • Article
    Institutional investors still fuming over KLSE trading rules
    551 1  -  Cnstodi&n banks assail 'delivery before sale' By{ Catherine Ong [SINGAPORE] Institutional investors are still fuming at the sudden ruling by the Kuala Lumpur Stock Exchange requiring them to transfer shares they want to sell to brokers' accounts before they are paid for
    551 words
  • Article
    Foreign premiums of Big Four banks hit 3-year low
    422 1  -  By] Lee Han Shih [SINGAPORE] Foreign premiums of the Big Four local banks plunged to a three-year low yesterday, with the spread between Overseas Union Bank's Foreign and Local tranches shrinking to less than $1. Premiums of Singapore Airlines and Singapore
    422 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      99 1 ÜBUW Interim earnings WT(Sto) CHANGE Intr&co 224 -M YeoHiap Seng 6.5 4BM Full-pear earnings Robinsons $29.6 m 4U Ftf reports MpgT.t Suptiwrise The Government has raised development charges substantially, increasing costs for property developers, Pf 2 Securities market watchdog orders Apollo Enterprises chairman to compensate shareholders far failure to launch
      99 words
    • Advertisement
      Page 1 Advertisements Column 2
      12 1 Aaean economies still sound, says PM in Tokyo More reports, Pg 4
      12 words
    • Advertisement
      Page 1 Advertisements Column 3
      61 1 1 I Iff m' 'Bj HES^h |9H Tank Frangaise watch carat gold. New collection. at UJ S (J I I 150 YEARS OF HISTORY AND ROMANCE Cartier boutique/ Singapore Millenia Walk, *01-22/23, 9 Raffles Boulevard. Tel: 339 0183 Ngee Ann City, Tower B, #01-11, 391 Orchard Road. Tel: 734 2427
      61 words
Page thumbnail Page 2
  • SINGAPORE AT HOME & ABROAD
    • Article
      Govt unveils hefty hikes in development charges
      466 2  -  From Sept 1,41% rise for residential land, 35% for commercial By. Abdul Hadhi IN WHAT is seen as a blow to the sluggish property market, the government yesterday announced big hikes in development charges for residential and commercial land. From Sept 1, development
      466 words
    • Article, Illustration
      Lock icon Private property buyers using CPF in Q2 up 50%
      323 2  -  By) Diana Oon THE number of applications to use Central Provident Fund (CPF) savings to buy private residential property picked up to 3,022 in the second quarter up 50 per cent from the first quarter volume. The Q2 figures, which cover
      Source: CPF  -  323 words
    • Article
      Lock icon Toshiba to close S'pore VCR venture
      117 2 AFP JAPAN'S Toshiba Corp yesterday announced plans to close down a Singapore video cassette recorder (VCR) venture with France's Thomson Multimedia Asia and boost production in China and Thailand. But Toshiba and Thomson will continue joint research and development in Singapore to develop common
      AFP  -  117 words
    • Article
      Nov hearing for Royal Brothers' case
      119 2 THE hearing for the graft case involving the Royal Brothers has been fixed for Nov 24 in the Subordinate Court, Deputy Public Prosecutor Muhammed Hidhir told BT. Before that, a second pretrial conference will be held on Sept 26. The first conference was held
      119 words
    • Article
      SingTel, KDD tie up in service for MNCs
      222 2 SINGAPORE Telecom has tied up with KDD of Japan to offer multinational companies an enhanced phone circuit service between Singapore and Japan from Monday. The service, Globridge, offers companies the convenience of seamless leased circuit services through one local point of contact
      222 words
    • Article
      New accreditation for S'pore IT professionals
      158 2 THE Singapore Computer Society (SCS) will implement a system of accrediting and certifying local IT professionals, its president Alex Siow announced yesterday. The idea arose from IT professionals' concern for more professional recognition, he said. Mr Siow explained that accreditation and certification is necessary
      158 words
    • Article, Illustration
      Lock icon Asean economies remain sound despite turmoil: PM
      495 2  -  PMGOHDf JAFAX But little can be done if markets decide to attack, he says Reports by Chuang Peck Ming in Japan PRIME MINISTER Goh Chok Tong yesterday said the Asean economies remain fundamentally sound despite the region's currency turmoil. Thailand, the hardest hit
      REUTER  -  495 words
    • Article
      Business council can add value to ties: Goh
      351 2 THE Japan-Singapore Business Council (JSBC) can add value to economic cooperation between the two countries and further boost two-way ties, Prime Minister Goh Chok Tong said yesterday. Speaking off-the-cuff at the JSBC's launch, he said: "I certainly look forward to assistance from
      351 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      309 2 1 0 V Sembawang Corporation Limited (Incorporated in tfw RapubHc of Slngapor#) ANNOUNCEMENT CONDITIONAL TAKEOVER OFFER ("OFFER") BY STANDARD CHARTERED MERCHANT BANK ASIA LIMITED ("SCMBA") FOR AND ON BEHALF OF SEMBAWANG CORPORATION LIMITED ("SEMBCORP" OR THE "OFFEROR") FOR ALL THE ISSUED ORDINARY SHARES OF 550.50 EACH ("OFFER SHARES") IN THE
      309 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      372 2 THE WBkTHUtt Singapore: Generally hazy, showers are expected mainly over the northern and western parts of the island in the late morning and early afternoon. Temperature (32-25) Aate-PMtfe HVL»* Good. Europe HVLo* Good. America Hi/Lo* Goad. \urtlud I*W CVwh AntenSam I*l2 Itarfy Kurn>sAra *17 (Vwh HinxluiL 34/26 Clotty Aim 3&to
      372 words
Page thumbnail Page 3
  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • Article, Illustration
        BT Sentiment Index
        601 3 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa, Deutsche-Morgan, WI Carr, Fraser Securities, ING Barings, Phillip, and GK Goh. Sembawang Corp ♦(Long Term Bay) Fraser-AMMB Research, Aug 25, $6.60 Although valuations are demanding, the shares are well supported by
        601 words
      • Article, Illustration
        In My Opinion
        426 3  -  David Lum Head of Research Nava Securities (Singapore) Pte Ltd 44TT ERE'S something r~| radical in Asian eqXX uity research. Let's start by discussing the merits of two stocks in our own backyard, but we won't talk about earnings, earnings per share, price-earnings ratio or any other
        426 words
    • Article
      Is the Asian story ending?
      679 3  -  Foreign funds take their money and run while the local bourse licks its wounds Reports t Louis Beckerling [SINGAPORE] THE crisis of confidence which bled a large pool of foreign funds out of regional equity and currency markets yesterday will take time to heal. Voting
      679 words
    • Article, Illustration
      Lock icon Form Holdings tipped to perform well on debut
      423 3  -  By, Ang Wan May [SINGAPORE] Sesdaq-bound Form Holdings is likely to have a firm trading debut if past IPO performances are anything to go by. Analysts, however, are wary about the music recording company's growth prospects. Most analysts interviewed recommend a stag
      ARTHUR LEE  -  423 words
    • Article
      More pain ahead with Thai bourse set to head south
      824 3  -  E7E ON THE REGION: THAILAND Devaluation has cast a pall over the outlook for Thai corpora tea, stocks From, Harish Mehta in Bangkok THE long shadow of currency speculator George Soros is darkening prospects for corporate earnings in Thailand. TTie
      824 words
    • Article
      Banks review credit risks as share prices fall
      275 3 [SINGAPORE] Investors who have pledged shares as security on their bank loans along with their bankers will be among those willing the Singapore share market higher when trading resumes next week. This is because sharply reduced values of share portfolios have begun
      275 words
    • Article
      ACU DEPOSIT RATES (Itfcrcil by rarious hanks (us (if Aux 2tt. WV7) _
      610 3 ACU DEPOSIT RATES (Itfcrcil by rarious hanks (us (if Aux 2tt. WV7) Bank of China MBBHHBHI 25 XK 249.999 6.9400 7.4400 7.4400 A$ 250.000 500 000 7.0600 ***** ***** 10.000 49.999 ***** ***** ***** Baht 50.000 i Abow 4J750 4J750 4J750 *****0 2.499.999 *****0 *****0 *****0 DmK 2.5 Ml 4.999.999
      610 words
  • Page 3 Advertisements
Page thumbnail Page 4
  • MARKETS IN TURMOIL
    • Article
      Qualified KLSE firms get nod to buy back shares
      348 4  -  Policy part of latest government move to shore np confidence in beleagnered market From Eddie Toh in Kuala Lumpur QUALIFIED companies listed on the Kuala Lumpur Stock Exchange will be allowed to buy back their own shares starting Monday. Ramly Ali,
      348 words
    • Article
      Lock icon Malaysia's Q2 growth still high at 8.4%
      360 4 Bernama AFP (KUALA LUMPUR] Malaysia's economic growth is still high at 8.4 per cent in the three months to June compared with 8.5 per cent in the previous quarter. The growth in the second quarter was sustained at the same level as the
      Bernama; AFP  -  360 words
    • Article, Illustration
      Lock icon Brunei buying rumoured amid wild currency swings
      448 4  -  Regional currencies tumble bat recovery sees Ss, mpiah ending firmer By] Larry Wee [SINGAPORE] Regional currencies swung wildly yesterday, in what traders described as thin but volatile month-end markets. The Singapore dollar fell to a 38-month low of 1.5370 against the greenback in
      Source: Bloomberg  -  448 words
    • Article, Illustration
      Lock icon Indon market sinks below 500 level
      349 4  -  From I S N Vasuki in Jakarta INDONESIAN stocks continued their week-long tumble, with the benchmark Jakarta Stock Exchange Composite Index (JCI) falling a hefty 6.9 per cent yesterday to settle below the 500-level for the first time in 19 months. Reflecting the steep
      Source: Bloomberg  -  349 words
    • Article
      Philippine shares 'dirt cheap' amid wave of panic selling
      345 4  -  From, Al Labita in Manila FOREIGN funds, edgy about Asia's erratic equities markets, yesterday unleashed a new wave of panic-selling, making Philippine shares among the region's "dirt cheap" stocks. Selloffs, sparked by Thursday's 9.28 per cent crash, swept across the board,
      345 words
    • Article, Illustration
      Lock icon Hang Seng collapses 740 points on record volume of HK$46b
      515 4  -  Plunge amid regional jitters; banks leave interest rates intact From 1 Quak Hiang Whai in Hongkong NERVOUSNESS at home and abroad triggered near-panic selling in Hongkong yesterday, causing the benchmark Hang Seng Index to shed almost 741 points on the
      REUTER  -  515 words
    • Article
      Temporary ringgit shortage in scramble to pile up
      550 4  -  Banks suspend OTC trading for ringgit, US$ due to volatility By I Siow Li Sen [SINGAPORE] The scramble for ringgit as it fell to new lows left some banks and money changers temporarily short of the currency here at times yesterday. And
      550 words
    • Article, Illustration
      Lock icon Thai stocks, baht take new hits; focus turns to politics
      476 4  -  From Harish Mehta THE Thai stock market and the baht took further hits as the regional market turmoil continued unabated yesterday, while at home, two political flashpoints are coming to a head. The beleaguered Chavalit government is bracing itself for
      Source: Bloomberg  -  476 words
Page thumbnail Page 5
  • THE REGION
    • Article, Illustration
      Lock icon HK and S'pore to draw up investment pact: Tung
      744 5  -  HONGKONG Extradition treaty to facilitate surrender of fugitives also expected to be signed soon By' Quak Hiang Whai HONGKONG and Singapore will no doubt come up with a formal agreement on investment protection and promotion soon, Chief Executive Tung Chee-hwa said
      FILE PHOTO  -  744 words
    • Article
      Lock icon HK lowers export forecast on currency concerns
      207 5 HONGKONG AFP HONGKONG'S government yesterday toned down its prediction for export growth in 1997 from 7.2 per cent tq 6.8 per cent, anticipating the effects of currency depreciation in neighbouring markets. Export growth in the coming months "may be constrained" by the depreciation
      AFP  -  207 words
    • Article
      Indonesia grants tax holidays to six companies
      412 5  -  JAKARTA Move aimed at boosting technology and innovation By\ S N Vasuki THE Indonesian government yesterday granted tax holidays to six companies aimed at encouraging technology and innovation, but early reaction from analysts was that the scheme largely benefits well-connected local tycoons. State
      412 words
    • Article
      Lock icon Seoul's US$994m deficit
      127 5 ■SEOUL AFP SOUTH Korea posted a U*****.4 million (Ssl.s billion) current account deficit in June, more than four times the US$2l6 million deficit in the previous month, the Bank of Korea said. But the figure was less than half the deficit, US$2.3 billion, it registered in the
      AFP  -  127 words
    • Article
      Lock icon Indon-M'sia bridge to cost US$2b
      201 5 UJAKARTA AFP A PROPOSED bridge linking Indonesia and Malaysia across the Malacca Strait will cost an estimated US$2 billion (Ss3 billion) and take at least five years to build, Antara news agency said yesterday. An official from Malacca had calculated that it would cost six
      AFP  -  201 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      1622 5 W Auric Pacific Croup Limited RESULTS FOR TMf YEAR ENDED 30TM )UNC 1997 The Directors of Auric Pocific Group Limited announce iKe following unaudited results for the year ended 30th June 1997:GAOUP COMPANY 1997 1996 Change 1997 1996 Change A. RROf IT AND LOSS STATIMIWT SSOOO SS'OOO SS'OOO SS'OOO Turnover
      1,622 words
Page thumbnail Page 6
  • REGION/WORLD
    • Article
      Lock icon US July personal income up 0.1%, spending up 0.8%
      557 6 WASHINGTON Data suggest economic expansion will continue well into the new year Bloomberg US PERSONAL income grew at a slower pace in July than it did a month earlier, while consumer spending accelerated at the fastest pace since January, suggesting economic
      Bloomberg  -  557 words
    • Article
      Lock icon Loan scandal extends to Nikko: report
      222 6 TOKYO AFP JAPAN'S financial scandal over payoffs to a corporate extortionist has spread to all of the nation's "Big Four" securities houses, with Nikko joining the list of dishonour, a press report said yesterday. Nikko Securities Co extended illegal profits to the sokaiya extortionist,
      AFP  -  222 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1644 6 CUT FU6WT ETA FU6HT ETC Aba Dhabi GA890 0015 C—tiiwWK CZ351 2045 AdataM* 0F81 1930 QF82 2055 SQ809 J120 SOOT) 1020 S0229 2220 Hanoi VN741 1310 ***** 1105 RJt87 0130 SOI 75 IMP VM740 MIO Amsterdam K1843 0455 GA890 0015 14,4 V- MB! *2 DL25 0655
      1,644 words
    • Article
      Lock icon French jobless rate down from record high
      214 6 PARIS Reuter FRENCH unemployment fell in July from a record high, bringing good news for the So-cialist-led government which swept to power in June on a pledge to bring down joblessness. The labour ministry said yesterday the seasonally-ad-justed number of people out of
      Reuter  -  214 words
    • Article, Illustration
      Lock icon Monkeying around with Bob
      47 6 [KIEV] A visitor to the Kiev Zoo in Ukraine sharing a tender moment yesterday with Bob, a little monkey that works with a zoo photographer to attract clients. Bob is especially keen on approaching girls and young women and giving them kisses. REUTER
      REUTER  -  47 words
    • Article
      Lock icon World's finance officials meet in the US
      355 6 JACKSON HOLE, Wyoming Discussions focus on global financial stability Reuter TOP world financial executives and monetary policymakers have gathered here to ponder how to maintain financial stability as economies become increasingly globalised. "(Financial) officials now have to look at the world while setting
      Reuter  -  355 words
    • Article
      Nikkei drops to 4-month low as investors lock-in profits
      417 6  -  TOKYO Current situation reminiscent of Black Monday: Nikko By. Anthony Rowley TOKYO stock prices slipped to a four-month low yesterday as institutional investors, fearful of further declines in the market, moved earlier than usual to lock in profits ahead of the
      417 words
    • Article, Illustration
      Lock icon Australia launches kit to dispel racist image in Asia
      245 6 SYDNEY AFP IMMIGRATION Minister Philip Ruddock yesterday launched a campaign kit he will take to Asia next week to fight perceptions that Australia is racist, a view boosted by the race debate inspired by an-ti-Asian MP, Pauline Hanson. The kit of
      AFP  -  245 words
    • Article
      Lock icon Indian reforms stalled, says finance minister
      284 6 NEWDELHI Reuter INDIA'S economic reforms are stalled in the divided parliament, and the government will have to depend on administrative orders to press ahead with dismantling controls, Finance Minister P Chidambaram said. "In recent weeks it is clear that legislative reforms are stalled, not
      Reuter  -  284 words
Page thumbnail Page 7
  • COMPANIES & MARKETS
    • Article
      New CPF investment accounts down 29%
      245 7 [SINGAPORE] The number of CPF investment accounts opened in the second quarter of this year dropped sharply as the Singapore stock market went into a seemingly inexorable decline. Some 15,816 new investment accounts were opened with the seven agent banks during the April-June period,
      245 words
    • Article
      Gul Tech posts 42% interim earnings rise
      264 7 Directors say fall-year results will be better than in 1996 [SINGAPORE] Sesdaq-listed Gul Technologies yesterday reported a 42 per cent rise in interim net earnings to )6 million. The good result was due to increases in production capacity, engineering yield and operational efficiency,
      264 words
    • Article
      SBS revamp: fundamentals will remain unchanged
      632 7  -  HOCK LOCK SIEW Christopher Tan IN BLACKJACK, players "split" two strong cards to better their chances of winning big. While the analogy may not be entirely applicable to Singapore Bus Service's restructuring plans, the move is still a gamble, as tiny as the odds
      632 words
    • Article, Illustration
      Lock icon Robinsons proposes one-for-five bonus issue
      468 7  -  Retailer beats forecast with 1(L8% rise in net profit t0529.6m By. Jenny Lam [SINGAPORE] Having filled its rivals with envy with its strong profit growth year after year, Robinson Co yesterday capped its performance with a one-for-five bonus issue. For the year ended June 30,
      FILE PHOTO  -  468 words
    • Article
      YHS interim profit rises 17.8%; turnover up 39.2%
      384 7  -  Firm's revaluation of factory land adds 46 cents to NTA By Diana Oon [SINGAPORE] Mainboardlisted Yeo Hiap Seng yesterday reported a 17.8 per cent increase in net interim earnings to $6.5 million on the back of a 39.2 per cent rise in
      384 words
    • Article
      YHS buys $39.1m quoted securities
      188 7 [SINGAPORE] Mainboardlisted Yeo Hiap Seng has bought $39.1 million worth of quoted securities, bringing its total portfolio of such investments to nearly $61.5 million. The company yesterday said the latest purchase was made on Aug 19 but did not say where the shares were listed.
      188 words
    • REGIONAL COMPANIES
      • Article, Illustration
        SIC orders Apollo chairman to pay shareholders
        479 8 Probe shows Ng Kim Saan failed to launch takeover on three occasions [SINGAPORE] The Securities Industry Council yesterday ordered Apollo Enterprises chairman and chief executive officer Ng Kim Suan to compensate shareholders for his failure to launch a general offer for the company
        479 words
      • Article
        Early deadlines set by banks anger Jurong Shipyard shareholders
        419 8  -  TAKEOVER OF JUROHG SHIPYARD Investors wring CPF funds not given enough time to digest advice given By* Conrad Raj [SINGAPORE] Some investors who bought Jurong Shipyard Ltd (JSL) shares with their Central Provident Fund savings are angry that they have been
        419 words
      • Article
        Solitaire legal wrangle weighs on advice
        399 8  -  Arbitration outcome uncertain, say advisers By{ Conrad Raj [SINGAPORE] Uncertainty over the outcome of Sembawang Corporation's multi-mil-lion-dollar legal wrangle over a ship, the Solitaire, weighs heavily on the independent directors' recommendations over the takeover of Jurong Shipyard Ltd (JSL). The conglomerate is offering JSL
        399 words
      • Article, Illustration
        PCRD shares buck trend after change of MD
        288 8  -  By i Catherine Ong [SINGAPORE] Richard Li, chairman of Singapore-listed Pacific Century Regional Developments Ltd (PCRD), has fired managing director Paul Tong in a move which appeared to help its normally lacklustre counter buck the trend in yesterday's plummeting market. In a
        288 words
      • Article
        Intraco interim dives 66% on lower sales
        284 8  -  By^ Christopher Tan [SINGAPORE] Motor and trading firm Intraco said interim profits plunged 66 per cent to $2.24 million as turnover dropped 6 per cent to 1302.95 million. The governmentlinked group blamed high COE (certificate of WAJ \W» entitlement) premiums and intense competition
        284 words
      • Article
        Lock icon Rupiah decline to hurt profit, bond plan: Telkom
        269 8 Bloomberg [JAKARTA] PT Telkom, Indonesia's domestic phone monopoly. is feeling the pain of the rupiah's sharp decline. Company officials said at a conference call with investors on Thursday that if the rupiah ends the year close to where it's now, the company's
        Bloomberg  -  269 words
      • Article
        Lock icon Gamuda in KL Elevated Expressway project
        162 8 Reuter [KUALA LUMPUR] Gamuda said a consortium to which it belongs has received a letter of intent from the Malaysian government for the privatisation of the M 12.4 billion (511.25 billion) Kuala Lumpur Elevated Expressway project In a statement to the Kuala Lumpur Stock
        Reuter  -  162 words
      • COMPANY Briefs
        • Article
          SPH liquidates post-production units
          48 8 [SINGAPORE] Singapore Press Holdings subsidiary Asia Pacific Post Inc and its Hongkong subsidiaries will be voluntarily liquidated. SPH said this is because they have no synergy with its core businesses. APP is in the post-production business. All its Hongkong subsidiaries will cease operations today.
          48 words
        • Article
          Lion Land pre-tax profit up 73%
          82 8 [BINGAPORE] Lion Land Bhd posted a 73 per cent rise in pre-tax earnings to M 5218.8 million (5H13.9 million) for the tall year to June 90 due to better results from the steel and property divisions. Group turnover fell by 33 per cent to
          82 words
        • Article
          Chuan Hup net earnings rise 25.5%
          90 8 [SINGAPORE] Chuan Hup Holdings Ltd reported a 25.5 per cent growth in net profit for FY97 ended June to $8.8 million on a 6.3 per cent increase in group turnover to J91.6 million. Earnings per share grew to 3.8 cents from three cents, while
          90 words
        • Article
          PCI cuts net loss by more than half
          71 8 [SINGAPORE] PCI Ltd'B net loss for the fall year ending June was reduced some 50 per cent to f9 million from 122 million the previous year, while group turnover fell 46 per cent to 168J5 million. Losses per share fell to 5.24
          71 words
        • Article
          Falmac in the red to the tune of $1m
          89 8 [SINGAPORE] Falmac Ltd posted a loss of $1 million for its ftill year ended May from a profit of $485,000 previously as turnover fell 9 per cent to $17 million. Loss per share came to 1.67 cents, compared to earnings per
          89 words
        • Article
          Parkway appoints 3 non-exec directors
          42 8 [SINGAPORE] Parkway Holdings has announced the appointments of DBS Land chief executive Han Cheng Fong, DBS Land general manager Fan Kow Hin and lawyer Chang See Hiang as non-executive directors of its board as of last Thursday.
          42 words
        • Article
          Lock icon Tai Wah sells assets for M$21m
          77 8 Bernama [KUALA LUMPUR] Tai Wah Garments Manufacturing Bhd said yesterday it is proceeding to sell a company, factories and land for M 520.9 million (5510.9 million) as part of a divestiture of its loss-making businesses. The sale of the company. Tai Wah Garments Industry,
          Bernama  -  77 words
    • INTERNATIONAL COMPANIES
      • Article
        Lock icon US stock fund buying tapers off in August
        426 9 Investors moving into safer money markets as sentiment cools towards equities Bloomberg [BOSTON] Net purchases of stock funds in August fell sharply from last month's near record pace, while money moving to low-risk money market ftmds continues to rise amid increasing concerns
        Bloomberg  -  426 words
      • Article
        Lock icon New Burger King sandwich in the US
        410 9 FT [NEW YORK] Burger King, a subsidiary of Grand Metropolitan, the UK-based food and drinks conglomerate, has launched a direct assault on McDonald's flagship Big Mac with a lookalike product called the Big King. The move comes soon after it emerged that McDonald's,
        FT  -  410 words
      • Article, Illustration
        Lock icon News Corp, partners to form Japan TV venture
        221 9 Bloomberg [TOKYO] Rupert Murdoch's News Corp, and three Japanese partners, including global electronics and entertainment company Sony Corp, signed an agreement to form a digital satellite broadcasting company in Japan. The partners also include Softbank Corp, a computer software and publishing company,
        Bloomberg; FILE PHOTO  -  221 words
      • Article
        Lock icon Amcor plunges into the red for first time ever with A$80m loss
        409 9 Lower paper prices, tight squeeze on margins to blame Reuter [MELBOURNE] Australian paper and packaging group Amcor yesterday dived into red ink for the first time in its 71-year history, reporting a net annual loss of ASBO.I million
        Reuter  -  409 words
    • SHIPS IN PORT
      • Article
        CONVENTIONAL WHARVES
        674 9 feSMl VoyHo Bfth Arrival Otwrturt M—t %m 8 "JO* m»mi 30.08/2300 K laUri *a«2* JM *apMi MM/o«oc nu XI 30 04/1500 MwSm JM M|M lovmcc Li MM 01*7* JB *>*» 04.0V0700 MMT« UC46 J23 Mia* 30moooc Ml 74*5 JM 30.08/0000 Ml DVT JM Mugs* 30.04/2300 17* J07 fenqstft
        674 words
      • Article
        CONTAINER SCHEDULES
        1549 9 RECEIVING OF EXPORT FCt CONTAINERS AND La CARGO Boofcknq/BaUnc* Istis Ship Voy Mo Etb/Btr Ported Frow To Frew Ac Dm OM 0V0700 7VB00 25/W5 25/1*00 a 25/1700 »MH 30/0*00 30/0700 30/1159 JO, HOC 4 JO/BOO 30/M55 30/1700 loMf iii im 1 ZWW 25/M9* a/Si a 2*/noo 30/0459 30/0*00
        1,549 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Credit Suisse sacks trader for unauthorised trading
        547 10 Bank said to have acted to keep losses aider QOm after trader confesses The Independent [LONDON] Credit Suisse, one of the world's largest banks, has sacked one of its traders for allegedly amassing hundreds of millions of pounds worth of unauthorised positions in
        The Independent  -  547 words
      • Article, Illustration
        Lock icon Greenback still heading south?
        412 10 USS/mark: The US dollar traded lower this week, touching 1.7870 by Thursday before recovering slightly to the 1.7940 level yesterday morning. The unit still has room to test the 1.7830 support and a breach of this level could see it test 1.7675. However, the longer term
        Source:  -  412 words
      • Article
        Lock icon London watchdog fines Swiss Bank Corp £480,000
        402 10 Investment bank rapped for improper conduct FT [LONDON] Swiss Bank Corporation, the investment bank, was fined a total of £480,000 (511.17 million) on Thursday by a London financial regulator for two instances of improper conduct. The bank was severely reprimanded by the Securities
        FT  -  402 words
      • Article
        Lock icon ING interim profit up 28%; buying US bank for US$600m
        300 10 Reuter [AMSTERDAM] Dutch bank ing and insurance company ING Groep NV on Thursday upstaged its domestic banking rival ABN Amro by announcing a 28 per cent rise in firsthalf net profit and another big takeover in the US for US$6OO
        Reuter  -  300 words
      • Article
        Lock icon GE Capital accused of collecting debts illegally
        242 10 Bloomberg [FAIRFIELD, Connecticut] General Electric Co's GE Capital unit illegally collected credit-card debts from bankrupt customers of retailers for whom it provided credit, according to a complaint in federal court. The complaint, filed in US District Court in Springfield, Massachusetts, is one of
        Bloomberg  -  242 words
      • Article
        Lock icon Coffee prices rise on El Nino concerns
        290 10 Reuter [NEW YORK) World coffee prices have risen sharply this week, fuelled by worries that a developing El Nino weather pattern could harm upcoming harvests. El Nino, which normally peaks around December, causes unusually high temperatures off South America's Pacific Ocean coast and
        Reuter  -  290 words
      • Article
        Lock icon Asian distillates steady in dull trade
        295 10 ENERGY REPORT Reuter [SINGAPORE] Both light distillates held steady yesterday in lacklustre trade, ignoring crude's overnight losses, traders said. In the Singapore FOB petrol market, a Dutch trader reemerged to bid for 50-100,000 barrels of 95-octane unleaded lifting Sept 13-17 at U5523.30 per barrel,
        Reuter  -  295 words
      • Article
        Lock icon CURRENCY REPORT
        177 10 AFX-Asia AFP THE US dollar moved little with dealers' attention firmly focused on the US stock market. Following the dollar's tracking of the Dow Jones of late, dealers said Wall Street is seen as the best guide to likely dollar movements. Substantial falls in Asian stock markets have
        AFX-Asia; AFP  -  177 words
      • Article, Illustration
        Untitled
        1144 10 IMfinCIOgMW Jug 29 «_S-_fi*SL-2L-S^JfiJ5L£3ttLJEE-JS-Jfi-JB!SL5-^a--3-£^-JLJnL-S5L!25LJS Mr* 1020 ifll 1669 4426 UB 168 24.705 ***** UTS 6420 2J23 lt43 29.170 22.224 1107 1435 1007 ***** ***** 0.453 0.733 ST 0.901 5577 0*54 4J40 1290 5571 2686 ***** 0550 4*91 2J02 L12I 29.192 ***** 1006 3J49 *****1*8 2478 0.444 0.719 h aSr 184
        1,144 words
    • Article
      COMMODITY PRICES
      1784 11 SICOMrUTITRES Aug 29 RU68ER (Mures dosing as it 130«n) RSS1 CONTRACTUS cwtiAq) Close VolNM Ope* Month Higk Low Sett (tonnes) Interest Sep 97 138.75 138.75 138.50 50 300 Oct 97 140.50 >450 Nov 97 143.50 143.25 143.25 300 1600 OK 97 145.75 1950 Jan/Mar 98 152.50 150.00 151.50
      1,784 words
    • Article
      WORLD STOCK MARKETS
      2164 11 LONDON Intel trials to* 29 *f A8 Ports 280 -t400 AMay National 830 8.400 A mad Domacq <65 Amac _143 .600 Asda Group 146.400 -.600 BAT lod 516.400 unch BC PIC 270 »7 BICC 168.400 -1 BOC Group 1064.400 -26.600 BR Patrolaum 863 -14 BTR 218 12.600
      2,164 words
    • Article
      Lock icon TOKYO
      1610 11 AFP □Nihka22s -222.03 SHARE prices closed lower yesterday, with the Nikkei Average temporarily falling below the psychologically important 18,000-point following an overnight decline on Wall Street. The 225-share Nikkei Average fell 222.03 points to finish at 18,229.42 while the broader Topix Index lost 10.11 points at 1,427.99. Turnover was
      AFP  -  1,610 words
    • Article, Illustration
      Lock icon HONGKONG
      1480 12 AFP P Hang Seng -***** STOCKS closed 5 per cent down on unprecedented turnover yesterday, buffeted by the sell-off in equities around South-east Asia and also by fears of an impending rise in local interest rates. "Those who really needed to sell did so in the first 20 minutes.
      AFP  -  1,480 words
    • Article, Illustration
      Lock icon CHINA
      649 12 Bloomberg Index -183 CHINA stocks fell for a second day as a slide in Hongkong shares unnerved investors on the mainland. The Hang Seng Index fell as much as 5 per cent as rising interest rates in the territory and a slump in South-east Asian markets threatened to squeeze
      Bloomberg; Source: Credit Lyonnsis Securities (Asia) Ltd  -  649 words
    • Article, Illustration
      Lock icon JAKARTA
      717 12 AFP P Composite Index -36.41 SHARE prices fell 6.9 per cent yesterday, pushing the index to a 21-month low, amid uncertainty over the rupiah's direction and with regional market weakness further undermining sentiment, dealers said. "We got a combination of a number of bad news today. Rupiah volatility and
      AFP  -  717 words
    • Article
      Lock icon MANILA
      297 12 -AFP n Manila -60.45 SHARE prices closed 2.4 per cent lower to a four year-low yesterday after recovering from a sharp 8.4 per cent dive at the start of trading on a weak peso and moves to amend the constitution. The Composite Index lost 50.45 points to 2,021.52, one
      -AFP  -  297 words
    • Article
      Lock icon WELLINGTON
      243 12 Reuter n Wellington -3U8 SHARE prices closed with broad-based but contained losses yesterday, amid sharp falls elsewhere in Asia. The NZSE Top 40-share Index fell 31.68 points to close at 2,456.21. m ctm ANZ Stnfcmq 11.20 -0.45 125 «4«<nti9nHMti 0.97 -Oil* >7800 Km Not ZMian* (A) 2.81 -0.04 *****
      Reuter  -  243 words
    • Article, Illustration
      Lock icon BANGKOK
      776 12 AFP □SETMbx jfl SHARE prices lost ground for the 12th consecutive session yesterday on regional currency and equity market weakness. However, late bargain hunting focused on bank, communications and energy blue chips helped recoup some losses. The SET Index ended 9.53 points lower at 502.23 on turnover of 2.5
      AFP  -  776 words
    • Article
      Lock icon SEOUL
      390 12 AFP POmpogteMg -12J51 SHARE prices closed lower yesterday amid concerns over ongoing financial problems. Dealers said foreign investors aggressively sold blue chips and banks amid increased pessimism about an early economic recovery. The Composite Index lost 12.59 points to 704.27 on a turnover of 38.5 million shares worth 562.8
      AFP  -  390 words
    • Article
      Lock icon SYDNEY
      573 12 AFP Q&nOrtiuhes -3&3 SHARE prices fell yesterday, spooked by steep falls on Asian and US markets. "The market was very weak on the back of Wall Street and then once the Asian markets opened prices really gained downward momentum," a trader said. The All Ordinaries Index fell 38.3 points
      AFP  -  573 words
    • KUALA LUMPUR STOCK MARKET
      • Article
        Untitled
        8507 13 INDUSTRIAL* Consume prefects <*•7 LMt VM Oay N« Cap Hl» law CliPpaiiy Ml '000 wm Law Pit IdkB 790 400 Ajinomoto 400 12 420 400 22.2 1*2.1 448 231 Angkasa 239 -1 Ml 24S 232 7.1 3S2.4 90S 370 Apado Food Hlg 490 40 244 490 370 M4 196.0 765
        8,507 words
      • Article, Illustration
        Lock icon Local support cushions foreign selling
        297 13 AFX-Asia C 3 Composite Index -7.78 SHARE prices yesterday closed lower, but off their lows, with limited buying by domestic institutional fUnds partly offsetting heavy foreign selling. Dealers said the local support is not expected to last as foreign funds are likely to continue their
        AFX-Asia  -  297 words
      • Article
        Untitled
        282 13 I I up Dawn Uac* Contumor prd 12 42 3 Indprtf 23 60 6 Construction 3 22 2 Tro**/Svc 19 4T Mrortru 13 0 rhwci 20 43 6 HoM 1 3 1 Property »2 45 montoHon T 24 3 Mn4ng 3 4 0 Tn»t 0 3 1 Low 27 *7
        282 words
    • WARRANTS & OPTIONS
      • Article
        Untitled
        3434 14 •ONOS, LOANS ft VARIANTS m 1997 Last Vol Day L ««t OmK a HI** Low 51 no Company W< ««r I' 0001 Ltm Bvyor ttMtr WW 68 34 m 3000 mAMOB e5.5%*****6 34 31 44 81 41.5 3160 -Actr ******1 US$ 53.5 -15 33 53.5 53 55 58 131 46
        3,434 words
      • Article
        In-the-money Acer warrant is hard to fault
        195 14  -  WARRANT WATCH By R Sivanithy TRYING to pick a bottom in a market as volatile as this is a near-impossible task, so unless you have some special gift for doing this, our recommendation would be to stay out until the dust settles. However,
        195 words
    • Article
      CLOB INTERNATIONAL
      2233 14 Of Or 1997 Last Vol Day Laat Ouata OK Mv VW Nat M Cap High Law Stwo Cawpany M« COOO> HI* Law 8»yar »a—r CNt F/t "478 163 mi 5000 AIS650C 1T2 155 *3 «3 172 T75 S3 4.9 04 376 1763 137 573 ms 5001 AMOeSOc 60
      2,233 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        1233 15 »W MwbW Him T7.S44 "MJJ *i*4 *2SjS Fkunct 4*K* 32,349 «V«S5 4«,4J* «IMJ *»7jM1 htatots 2,9*4 4334 fJM Mg 325 ,*52 WWMrtfeS Z\t* 22,024 4i»42 M.7M TTMS 10.7*0 p****io« iw tjm **j* «ss «ss SCSOAO Shtf t Maela MAW CL06 TOTAL a—s~aa a—» M«M M I? 3 4 SET a
        1,233 words
      • Article
        MAIN BOARD
        3886 15 Of Or M m 1007 Last Vdl Day LMt Ona*a M. 0* VM N« Cm A* HI* Law StMa Company Sata r000> M>0» L— Hyr 8a—r Cvr P/C W prte mousTRiALs a j n Bjji ,57 83 1020 ACE Dynamics60c 106 *20 241 106 83 107 KX 8
        3,886 words
      • Article
        SESDAQ
        996 15 Qt Or mm rm LMt v«« on L«MO<Mt« n> Dk w m ca» i L— «m» Ci—f *h roow >—I t— —im »o8or cv M I— Ww 1*6 7* 0 2000 ABRHMpSc tV» -4 948 1» 105 113 714 10 *3 0.1 M23 50.7 120 412 144 o 2049
        996 words
      • Article
        Untitled
        211 16 Stocks Voluma Hotung In* NT5 13.3H.000 •Reiiapacific Bh 13.092.000 •Itognum Corp50c 12.768.000 SingTel 15c 12,402,000 •Pub Bk Foreign 10,872,000 •Multi-Purpose 10,459,000 OCBC Foreign 9,521,000 •MOT Capital 9,024,000 DBS Foreign 8,676,000 Asia Food&Prop 7,695.000 Stacks D8S Foreign 133,761,567 OCBC Foreign 103,393,234 uoe Foreign 71,544,687 City De* 50c 39,828.601 SIA Foreign 35,924.144
        211 words
      • Article, Illustration
        HOT STOCK
        60 16  -  -by Ven Sreenivasan SUPER COFFEEMIX's 30.5<ent, or 30.3 per cent, dive to 69 cents yesterday appears to be more a reflection of market sentiment than concerns over the stock's fundamentals. Both the short- and mediumterm RSIs are in oversold territory, while the stochastics suggest that the counter will
        60 words
      • Article, Illustration
        STII recovers after falling 6% amid fierce assaults
        676 16  -  STOCK MARKET COMMENTARY Key index ends 41 points down, bringing relief that market's 'safe haven' reputation is intact at least for now By R Sivanithy [SINGAPORE] Local stocks suffered from one of the fiercest assaults in recent memory yesterday that resulted in
        676 words
      • ON THE GRAPEVINE
        • Article
          Why not say sell now, buy later?
          174 16 GIVEN that the Singapore bourse's benchmark STI Index at one point dropped about 6 per cent (or 110 points) yesterday morning, here's another irresistible reminder about stock market analysts. They almost never advocate anything but buying selected stocks, or holding on to others,
          174 words
        • Article
          Rounding it off for himself
          103 16 WITH the sharp drop In regional currencies, money-changers are having a difficult time reading the market One opportunist decided to make it look simple by offering Ms2oo forSsll0 —that is, charging 55 Singapore cents per ringgit Unsuspecting customers who've not shopped around may not realise
          103 words
        • Article
          Social standing
          126 16 A CERTAIN analyst with HSBC James Capel gave an impromptu demonstration of his new-found skills in social psychology at a recent cocktail session. The young lad chided a fellow analyst for being too upfront while grilling a newsmaker and advised him to ease off a little. And the
          126 words
        • Article
          Not cricket
          81 16 THIS is just not on If It's true. Apparently, the PR heads of more than 10 international institutions got together to do a survey on the Impact of a certain advertising strategy for their industry. The local head of an International PR firm worked hard on it and
          81 words
        • Article
          The Singapore Buzz
          75 16 RAFFLES HOTEL serves a drink called the Singapore Sling. Harry's Bar at Boat Quay'lra| serves a drink called the Bank Breaker in honour of Nick Leeson, who brought down p Barings Bank through his operations in Singapore. Why not create a drink called the Singapore Buzz? That
          75 words
  • Page 7 Advertisements
    • Advertisement
      Page 7 Advertisements Column 1
      281 7 BUSINISS The only monthly business magazine that gives you the Singapore perspective of the local and regional business scenes ijiaFgsePn BUSINISS BUSINISS BUSINISS N/foVinrr T+ Executive Condos 7" Singapore Telecom XL WUd card In the property mark* IT* Written by the same experts who bring you the BUSINESS TIMES, vou
      281 words
Page thumbnail Page 8
  • Page 8 Advertisements
    • Advertisement
      Page 8 Advertisements Column 1
      90 8 (P^^ In business good connections can make a world of difference Reach customers and business partners around the world with Singapore Connect, Singapore's most comprehensive business directory on the Internet «ag|as» WITH SINGAPORE CONNECT: Join our Partners Programme and get in touch with companies abroad who want to do business
      90 words
    • Advertisement
      Page 8 Advertisements Column 2
      20 8 FREE! 1 If you have found something, you ran advertise for free in Classification 821 (Found) to seek its owner.
      20 words
Page thumbnail Page 9
Page thumbnail Page 10
Page thumbnail Page 11
Page thumbnail Page 12
  • Page 12 Advertisements
    • Advertisement
      Page 12 Advertisements Column 1
      49 12 ♦The Taiwan stock market was closed yesterday. Home Decor For people who love their homes SFor real-time stock information, call Quickstock on 1900-913-0003 at 30 cents a minute. ;s. cfit »5J .n V.2 .US Stock numbers are available in the stock pages of The Business Times and Lianhe zaobao.
      49 words
Page thumbnail Page 13
Page thumbnail Page 14
  • Page 14 Advertisements
    • Advertisement
      Page 14 Advertisements Column 1
      85 14 Wo WIZ comes to you Available at Amconics. 1 y AEVERY MONTH Jk I Kinokuniya. CTiaßengef j I X --gives you a SSZSCpST j rm■* chance to win \^^A aMSh s, as m great prizes Multimedia CD-Rom /s priced fljHp WIZ is an entertainment magazine that doesn't Just tell you,
      85 words
    • Advertisement
      Page 14 Advertisements Column 2
      101 14 I wiah to subscribe to Wiz lor. (please choose one) Method of Payment (please tick one) One year(l2 issues) at $54 Charge to my card Visa/Amex Master Diners Half year (6 issues) at $30 (ptease circle to indicate) (R«tM ndudt GST. po*Ug« and h«**nfl) j-j Expiry Date: My subscription la
      101 words
Page thumbnail Page 15
  • Page 15 Advertisements
    • Advertisement
      Page 15 Advertisements Column 1
      29 15 Home Decor For people who love their homes ROY EASTERN WATCH, LUCKY PLAZA,#OI-74, #01-86/87/88 ORCHARD ROAD TEL 734 3139 DELUXE EASTERN WATCH, CENTREPOINT, #01-18/20 ORCHARD ROAD TEL: 235 2536.
      29 words
Page thumbnail Page 16
  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      1759 16 THE STRAITS TIMES CLASSIFIED I YOUR GUIDE TO MORE PRODUCTS SERVICES BUSIMESS Notices To advertise call toll-free 1800-*****83 M THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF SUN HUP GENERAL ENGINEERING PTE LTD (In CradNora' Voluntary Liquidation) NOTICE S HEREBY OMEN let pursuant to Section
      1,759 words
Page thumbnail Page 17
  • ISEAS Trends
    • Article, Illustration
      East Asia is key to Australia's survival
      2081 17  -  XS AUSTRALIA AM ASXAMCOUMTRY? Stephen Fttzderaid argues that coming to terms with its Asian future is perhaps the greatest challenge yet faced by Australia but one which Australians and their leaders have refused to do thus far Stephen FitzGerald Professor Stephen FitzGerald is
      2,081 words
    • Article, Illustration
      Lock icon Stabilising US-China relations
      973 17  -  President Jiangs coming state visit to the US is of great importance to gat-American and regional security By- Yuan Ming Professor Yuan Ming is Director, Institute of International Relations, Peking University, Beijing, China. THIS autumn, President Jiang Zemin will pay a state visit to the United States,
      REUTER  -  973 words
    • Article, Illustration
      Spirit of 'Malaysia Boleh' lives on after 40 years
      1322 18  -  zakaria Haji Ahmad looks at trends in Malaysia as the country celebrates 40 years of independence Zakaria Haji Ahmad Professor Zakaria Haji Ahmad heads the Strategic and Security Studies Unit at the Universiti Kebangsaan Malaysia (UKM) in Bangi, Selangor, Malaysia. ONE
      1,322 words
    • Article, Illustration
      Lock icon Rethinking the IMS-Growth Triangle
      1291 18  -  The MS Growth Triangle has unique potentials and advantages 'By 1 Linda Low Dr Linda Low is an Associate Professor at the Department of Business Policy, National University of Singapore. Mooted in lm the donesia-Malaysia-Sin-gapore Growth Triangle (IMS-GT), formerly Rubbed Sijori (Singapore-Johor-Ri-pu Islands) was the first
      BERNAMA  -  1,291 words
    • Article, Illustration
      Lock icon New Korea Party prepares for presidential election
      1212 19  -  James Cotton explains the sea change in South Korean politics over the past 18 months and examines the prospects of the ruling party's candidate for the presidential election in December James Cotton Professor James Cotton is Professor of Political Science, University of Tasmania,
      REUTER  -  1,212 words
    • Article, Illustration
      Lock icon The Hashimoto Doctrine
      1560 19  -  Hie Hashimoto Doctrine implies the emergence of a more self-confident Japan wanting to play a larger role in Asia By. Jeff Kingston Professor Jeff Kingston is Director. Institute for Pacific Rim Studies, Temple University Japan. OVER the past year, Japan has shed some of its customary reticence
      REUTER  -  1,560 words
    • Article
      Korean investment in Asean changing
      1005 19  -  The character of Korean investments in Asean countries has been changing gradually By) Park Bun Soon Dr Park Bun Soon is Chief Researcher at the Samsung Economic Research Institute, Korea. He was recently a Visiting Fellow at ISEAS. KOREAN companies first came as investors to
      1,005 words
    • Article, Illustration
      Lock icon Tigers and elephants: new transitions in Asean's wake
      1627 20  -  India and South Africa have both taken a keen interest in the developmental experience and economic opportunities of the Asean region. Amyn b Sajoo looks at two critiques of the changes taking place in these two countries Amyn B Sajoo Dr Amyn
      JEROME MING/ST; AFP  -  1,627 words
    • Article, Illustration
      Lock icon Towards a more productive EU-Asean dialogue
      1149 20  -  Europe can play a more effective role in its relations with Asean By Aurora Ferrari Aurora Ferrari is a Visiting Associate at the Institute of Southeast Asian Studies. THE relationship between Asean and Europe goes back many years. Indeed, the European Community (EC) became
      AFP  -  1,149 words
Page thumbnail Page 18
  • Page 18 Advertisements
    • Advertisement
      Page 18 Advertisements Column 1
      245 18 Trends A moa&ty pantopon oI the Intitule ol SwiihfH Ami Studfc* The PabHoatAon Editors-in-chief S. Raiaratnam ChiaSiow Yue Editor Daljit Singh Associate Editors P. Lim Pui Huen Leonard C. Sebastian Assistant Editor Ronald Kow Business Manager Leonard C. Sebastian International Advisory Committee Jose V. Abueva (Philippines) Chan HengChee (Singapore) Stephen
      245 words
Page thumbnail Page 19
Page thumbnail Page 20
Page thumbnail Page 21
  • EXECUTIVE Lifestyle
    • Article, Illustration
      Reaching the point of no return?
      1812 21  -  Car-crazy Singaporeans have driven COE prices to stratospheric heights. Is there no way of applying the brakes? bahita blias talks to industry players COVER STORY RAHITA ELIAS THE Singaporean passion for owning a car is almost legendary, and high prices are no barrier. Just
      1,812 words
    • Article
      Rough ride for grey importers
      789 21 THE high prices of certificates of entitlements (COEs) could be jeopardising the future of some parallel car importers, say industry players. They note that parallel importers, generally small outfits, may not have the financial muscle to stay in business. Bigger car distributors, on the other
      789 words
    • STRAWS In The Wind
      • Article
        For better or for worse
        69 21 WANT to improve your English? Check out the Regent Institute, an outfit which claims to be able to help improve your level of spoken and written English. However, it may have put its reputation on the line with an ad which reads: "Advance in Business
        69 words
      • Article
        Itchy fingers
        46 21 ALL THE talk about Hongkong having more "buzz" than Singapore may be truer than we think. Last week, Hongkong TV ran this story about a woman who drove her car off the road and crashed because she hit a mosquito that had bitten her.
        46 words
      • Article
        Eat first, sign up later
        67 21 A NEW health spa sent us an invitation to its opening ceremony, promising a look at its new high-tech facilities and its philosophy of good health. But the whole "healthy" marketing ploy was dampened somewhat by the invita- tion's last words: "Ribbon-cutting to be followed
        67 words
      • Article
        Much ado about nothing
        46 21 WHAT'S in a word? It depends on your definition: Etc A word to make others believe that you know more than you actually do. Committee People who can do nothing individually and who sit to decide that nothing can be done together.
        46 words
    • BOOKS
      • Article, Illustration
        Lock icon On the trail of a young tiger
        1108 22  -  Murray Hiebert writes of Vietnam's human drama with an insight that could only have come from close contact with its people, says hum mbhta HARISH MEHTA the Tigers: A Portrait Of The New Vietnam By Murray Hiebert Kodansha International 258 pages, 5532.90 (with
        FILE PHOTOS  -  1,108 words
    • PURSUITS
      • Article, Illustration
        Lock icon Restoring the Charlotte Jane
        1028 23  -  Moira Lindlbauer certainly had her bands full when she took on the task of turning an old Christchurch schoolhouse into a boutique hotel. But she also acquired lots of new skills in the process, cobdiiib khbk reports CORINNE KERK The Charlotte Jane is at 110, Papanui
        ARTHUR LEE  -  1,028 words
      • Article, Illustration
        A good soak in the city
        814 23  -  U SPA The grass at Javana may well be greener, but St Gregory's at Coleman Street is definitely closer By' Tan Su Yen "I COULD never unwind in a spa that's in the CBD," declared my spa queen friend, referring to the newly-opened St
        814 words
    • Article
      An alien has landed
      709 24  -  CINEMA Having survived Volcano, LA now has to contend with the likes of Mr Bean and his Ultimate Disaster Movie By\ Shahiron Sahari AN OPPORTUNISTIC producer could put three or four half-hour episodes of Mr Bean together, back-to-back, and call it the Mr Bean movie, and
      709 words
    • Article, Illustration
      Much abridged and out of joint
      845 24  -  CINEMA To see or not to see Kenneth Branagh's Hamlet? Drastic editing has reduced it to a string of accidental judgments and carnal slaughters, and a confusion of wild and whirling words By\ Susan Tsang Kenneth Branagh has a good track record of adapting
      845 words
    • Article, Illustration
      Where the wild things are
      812 25  -  NIGHTSPOT Spears, shields and stuffed trophies share pub space with big game hunter types at African Heartbeat By Ben Monroe PICTURE the scene if you will. The ground thunders as wild animals charge, and the air is thick with the sounds and smells of antelope,
      812 words
    • Article, Illustration
      WHAT'S ON
      371 25  -  Compiled by M Yasotha PERFORMANCES From The Belly Of The Carp Based on the winner of the 1§95 Singapore Literature Prize, the play offers highly personal glimpses of Singapore from past to present. Produced by Dramaplus Arts, starring Neo Swee Lin, Tony Quek, Benjamin Ng and Debra Teng,
      371 words
    • EPICURE
      • Article, Illustration
        Lock icon Sandwich spread
        1071 26  -  What's being put between two slices of bread nowadays? juxb be finds out at three of the latest sandwich places in town JAIME EE THERE will always be times in your working life, regardless of your position in the corporate hierarchy, when you will stare down at your
        PHOTOS TIGELLA'S & FIDDLEHEADS: CHRIS LOH  -  1,071 words
      • Article, Illustration
        Lock icon Dinner's ready — and it's been worth the wait
        598 26  - Dinner's ready and it's been worth the wait RESTAURANT Oboe, the wine bar at Pasir Paqjang that serves good tapas, is now also a restaurant that serves good meals By, Jaime Ee PASIR PANJANG Village must be a great place to live. You've got nice condos, a whole street lined
        CHRIS LOH  -  598 words
    • Article, Illustration
      CINEMA
      747 27 A Pwwm. Mike Myers and Liz Hurley star in this hilarious spoof of James Bond movies. Lido, Century, Central Mali liCh AW BoUk George Clooney inherits the Batsuit from Val Kilmer and takes on Iceman Arnle and Uma Thurman as pseudo-feminist Poison Ivy. Yishun, Tampines. Bmuu The Ultimate Disaster
      747 words
    • Article
      INQUIRIES AND BOOKINGS
      113 27 ofctfeayOrg Cathay 338-3400 Eastshore 346-1816 Picturehouse 338-3400 Yangtze 223-7529 Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 686-1782 Bedok 443-2406 Bishan 363-8886 Boon Lay 792-2788 Broadway 464-9394 Majestic 533-9032 Marina 337-9488 Pavilion 786-6788 Tampines 8 786-6788 Tiong Bahru 274-6688 Yishun 257-7848 Clements Cwealth 777-0669 Golden/New Town
      113 words
    • TRAVEL
      • Article, Illustration
        Chelsea chic and Conran comestibles
        1448 28  -  There's more to shopping in London than Selfridges and Harvey Nicks, so why limit yourself to Oxford Street and Knighlsbridge? Audrey TAX checks out King's Road before heading north to Camden, Hampstead, and the place where Tony Blair used to live AUDREY TAN The writer
        1,448 words
      • Article, Illustration
        Hangout of the rich and hip
        675 28 This slimmer they turned up in force at The Metropolitan, Christina ultra-cool hotel that comes with men in DENT Mack WHEN you are one of the richest women in Britain, and known as the Queen of Bond Street to boot, one can imagine you'd
        675 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      8 21 Pursuits Restoring the Charlotte Jane EL 3 mmm
      8 words
    • Advertisement
      Page 21 Advertisements Column 2
      69 21 Travel Chelsea chic Conran comestibles ex B m Get Your Copy of TheßusinessTimes 8 I G,^ at Cold Storage EiSSfflttn Om Mobil Mart xp. \S£s Select |=i (KpV) Tiger Mart |.£l Also available: TheStraitsTimes BeritaH&rian l imfc« 2aobio 8 iIC« TheStraitsTimes UuktWMte Shin Wn Daly New* WHmWtWK*** IffL A Orcw
      69 words
Page thumbnail Page 22
  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      66 22 Present this advertisement coupon and receive Please contact Cynthia or Andrew Thomas You may have been unable to get your copy of The Business Times, The Straits Times, The Sunday Times, LianHe Zaobao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a
      66 words
Page thumbnail Page 23
Page thumbnail Page 24
  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      46 24 f| 11-P ordy my boss would j o orcnsrcD 1 ANY JOD. ANY CAREER. Available any Day. ANY TIME. ANYWHERE. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES THE NEW PAPER LIANHE ZAOBAO LIANHE WANBAO Shin min daily news berita harian berita minggu Singapore Press Holdings
      46 words
    • Advertisement
      Page 24 Advertisements Column 2
      97 24 aiWif.n< c*7tTriw<7 flfc 'mm Hk 1 IP Jm lil■/■ I I n I I > <B>od news to 1.2 million readers! |j| I listings are significant milestones and it --Jfe— I adwtagetofeuld I j(| io report record group profit oerore {a SfPT-^ pfttwill and reputation befortff bi I fjjjip can
      97 words
Page thumbnail Page 25
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      860 25 Where to wine, dine and entertain... lounges all over the workL 290 4545 I What better way to celebrate a great week than Sunday Brunch at The Cafe-in-The-ftrb? Enjoy th» finest brunch and service at only $28* per adult (only $14* for the bids). Then toast your good fortune with
      860 words
    • Advertisement
      Page 25 Advertisements Column 2
      70 25 irtti.i i.i.^ Jm|^B|v 24-hour Coffee House l»t floor The Chicken Rice Capital Of The World <t«»l«iiffl^W»r 333 Orchard Road. Singapore *****7. Tel: 737 4411 ►The new Phoenix Garden Cafe is now open Right in the heart of Orchard Road Popular Buffet Lunch, High Tea and Dinner ►Two function rooms, seating
      70 words
Page thumbnail Page 26
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      211 26 "'i .V %Jhop at Palais Renaissance from September 1 to 30,1997 and win the ultimate vacation at the world's leading A spas. For every $100, you stand a chance f to win a pampered, luxurious time at the ■World's Best Spas. > '-J# l«Ma Cawjpon Ranch, BoiYSMreSr Massachusetts Single Return
      211 words
Page thumbnail Page 27
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      2139 27 TODAY'S TV i axoo PMMuppet Babies V. RECOMMENDED VUSWUIO \T."r U* Tom Thunder. 12.00 NN TV Innovations. jj| Caroline and Her An unfortunate SSSS,! ZSSS^ 1 Tour K ta i,i naive girl from a brothel, 2.00 Top Gear. ui YaAlif fr>. likeness who sees their liaison as a 3.00 Rex
      2,139 words
Page thumbnail Page 28