The Business Times, 13 September 1997

Total Pages: 26
1 26 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023/12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, SEPTEMBER 13-14,1997
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  • 512 1  -  Decision by Pidemco, RMG will produce STpore's second biggest private hospital By. Jenny Lam [SINGAPORE] Pidemco Land and Raffles Medical Group (RMG) will spend $90 million to convert Blanco Court into Raffles Hospital a 428-bed hospital cum medical centre which will be
    ERIC CHU  -  512 words
  • 534 1  -  Financial reforms top priority, clean-up plan to be ready by end-Oct By' Vikram Khanna [SINGAPORE] Under the tough austerity programme negotiated by Thailand with the IMF, the Thai economy will grow by less than 5 per cent a year for the next
    534 words
  • 547 1  -  But it is still unclear whether fond managers will flock back to bourse soon From Eddie Toh in Kuala Lumpur FUND managers yesterday lauded the Malaysian government's drive to rein in some of the excesses of the fast-grow-ing economy,
    REUTER  -  547 words
  • 194 1 [SINGAPORE] Led by continued demand for shares of the Singapore Technologies group, the Straits Times Industrials Index managed to close higher for the fourth time this week, this time by 8.27 points to 1,935.95. In Malaysia, a morning meeting between Finance Minister Anwar Ibrahim
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  • Page 1 Advertisements
    • 147 1 IMWIMi Handfnltfbi* law firns will be hit Any move by the government to allow foreign law firms to practise Singapore's banking and corporate law will hurt some big local firms. But, say lawyers and bankers, it could benefit young lawyers with a wider choice of employment, Pf 2 SM Lee
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    • 22 1 Asian rebound in 12 months: Rothschild, Pg9 Templeton buys USssoom of Thai stocks, Pg 9 Asia's volatile markets: More reports, Pg 3
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    • 165 1 jpP% 111 Jm jt 1 ft I V a 'ty Bi r A *ltv t i|ng frrtfTP i Thi- Hfrnri Clipper rrtrmblrt ihr portholr of a ship. Thr nautical, sport) appraranrr of ihr dial it enhancrd b* »i\ finr. cold rivrlt around (he ilrfl brzrl. Vi 11h an 11-drtign mrtal
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  • SINGAPORE AT HOME & ABROAD
    • 587 2  -  But younger lawyers may gain from having jt wider choice ff employment &y Catherine Ong ANY move by the government (o allow foreign law firms to practise Singapore's banking and corporate law will mostly hurt a handful of
      587 words
    • 550 2 PM GOH DT MEXICO MOUs signed for govt-level cooperation, business panel set op The Straits Times [MEXICO CITY] Singapore and Mexico can serve as each other's "gateway" to their respective regions. Prime Minister Goh Chok Tong said on Thursday, announcing initiatives to boost
      The Straits Times; ST  -  550 words
    • 581 2  -  Ase&n may be torn between US presence and ties with China Reports by. Audrey Tan JAPAN and China must aim to achieve a "historic reconciliation", Senior Minister Lee Kuan Yew said yesterday. In a keynote address at the International Institute for Strategic Studies'
      581 words
    • 332 2 IT IS in East Asia's strategic interest to involve US companies in the region's economic transformation and ensure that they derive good profits, Senior Minister Lee Kuan Yew said yesterday during a question and answer session at the lISS conference
      332 words
    • 221 2 YOKOGAWA Engineering Asia (YEA) wiU increase its total business spending in Singapore to $50 minion a year by the year 2000 for its regional expansion plans. The Japanese company's managing director Tony Lee announced this yesterday when he received its Business
      221 words
    • 327 2  -  Woodlands industrial property going for about $3psf per mth By Diana Oon AUSTRALIAN-listed Lend Lease Corporation will start marketing space in Northtec, its high-tech industrial building in Woodlands, sometime next month. Rents will be around $3 per sq ft per
      327 words
    • 203 2 GERMAN pharmaceutical company Boehringer Ingelheim has opened a representative office at The Concourse. The office, which win provide key support services like marketing and regulatory affairs, is also set to be the firm's regional headquarters for Asean. The "triple A" markets a German-coined
      203 words
    • 354 2  -  By\ Soh Tiang Keng A ONE-STOP location for shipowners, insurers and insurance brokers to meet and do on-the-spot business in marine hull insurance was opened in Singapore yesterday. This is the marine hull underwriting room the trading marketplace of the Singapore Marine Hull Insurance Syndicate.
      354 words
  • Page 2 Miscellaneous
    • 170 2 CBTPTIC CROSSWORD 16 Resentment at counterfeit gone 28 Accommodation for Mr Law- —I—l—l rence at French town (7) 8 Delightful city is an absurdity YESTTERDAY'S SOLUTION (7) I h liillll II Inlillhlii —i ■11 1 Cur, say, with Sarah going 13 a tax popular with racegoers! round a reception room
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  • ASIA'S VOLATILE MARKETS
    • 424 3  -  But foreign ownership ceiling of hatifcg mmaiwg capped at 49% From I S N Vasuki in Jakarta INDONESIA yesterday moved farther to boost its beleaguered stockmarket by abolishing foreign ownership limits on all listed companies except banks. The new ruling will enable
      Source: Bloomberg  -  424 words
    • 289 3 AFP, Bloomberg [NEW YORK] Hongkong Chief Executive Tung Chee-Hwa said here on Thursday that his administration will not abandon the territory's policy of pegging the Hongkong dollar to the US currency. The US dollar peg "has served us well and will stay", he told
      AFP,; Bloomberg  -  289 words
    • 322 3  -  From Yogi Aggarwal in fktmbay THE Indian rupee, which has weakened over the past month, recovered yesterday on announcements that the government will "intervene in the forward and spot markets to maintain stability (of the rupee) and reduce volatility". The announcements were
      322 words
    • 316 3 Bloomberg [BANGKOK] Thai finance officials said "it was impossible" that any of the country's 15 commercial banks would fail, and at the same time, the government affirms its blanket guarantee to all depositors and creditors. Permanent Secretary of Finance Supachai Pitsiwanich said
      Bloomberg  -  316 words
    • 395 3  -  It proposes to tie op with 10 troubled finance companies From Harish Mehta in Bangkok DHANA Siam Finance and Securities, one of the more healthy finance companies in Thailand, yesterday announced a plan to merge with 10 troubled finance companies that were among 42 finance
      395 words
  • Page 3 Advertisements
    • 75 3 TAG LlO ESCLUSIVO AUTUMN/WINTER 1997/98 PROMOTION FROM 18-20 SEPTEMBER wKr. Our Tagllo Esclusivo consultant. Mr David Supeljack will be ■F assist you selecting your favourite fabric St from more than 300 swatches. 1 take your measurements and decide with you the style and choice. few weeks you a to a|
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    • 8 3 Templeton plows USssoom into Thai stocks, Pg 9
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  • REGION
    • 330 4 SYDNEY AFP A KEY official of Pauline Hanson's anti-Asian One Nation Party has inflamed Australia's race debate further by urging that Asians be controlled with anthrax, a disease which attacks cattle and sheep, or the atom bomb. In an article for the
      AFP  -  330 words
    • 685 4  -  16th COMMUNIST PARTY CONGRESS State ownership to be limited to industries that 'concern the life-blood of economy' Reports by Lu Ning in Beijing CHINA'S President Jiang Zemin, in his keynote address to the crucial 15th Communist Party Congress yesterday, effectively paved
      REUTER  -  685 words
    • 232 4 CHINA'S armed forces will shed half a million men in the next three years, President Jiang Zemin told the 15th Communist Party Congress yesterday. He said the proposed cut is in line with China's continued shift of emphasis from quantity to quality in
      232 words
    • 342 4 BANGKOK Reuter THAILAND'S army told the public yesterday to expect to see troops and tanks on the capital's streets next week, but stressed this would not mean a coup was taking place. The army made the statement as political tension grew
      Reuter  -  342 words
    • 267 4  -  SYDNEY Sydney Plaza to be sold for As4om; was bought for As22m By\ Surinder Singh SINGAPORE-based Goldcrest Nominees may finally be able to sell a property it bought in Sydney's Central Business District three years ago but has been unable to redevelop.
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    • 409 4  -  SEOUL He cites slowing trade deficit, awu> inflation, low jobless rate Byl Louis Beckerling THE economic summit held here during the week ended where it began, with a firm denial that the problems besetting the South Korean economy amounted to a "crisis".
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    • 256 4 WASHINGTON US senators introduced a bill on Thursday that would slap targeted sanctions on China for human rights abuses and the spread of deadly weapons, saying Chinese arms sales threaten US national security. The bill aims to supersede annual debate
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    • 319 4 Talks to go on; failure may mean loss of face for finance ministry AFP [TOKYO] A planned marriage of two troubled Japanese banks Hokkaido Takushoku Bank Ltd and Hokkaido Bank Ltd was shelved yesterday, leading to a potential loss of face for
      AFP  -  319 words
    • 315 4 JAKARTA Reuter INDONESIAN workers will be able to strike without fear of losing their wages or annual bonuses when a manpower bill passed by parliament takes effect, the Jakarta Post newspaper said yesterday. The newspaper said the House of
      Reuter; REUTER  -  315 words

  • Page 5 Advertisements
    • 229 5 We thought we'd created the smallest, lightest phones ever. Then our accountants showed us how to make them even lighter. 6 00 JI I Now the phones we've ever created are even smaller and lighter on your budget. The StarTAC™ 70 1 phone only the Hp phone is only $1148.
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  • REGION/WORLD
    • 485 6 WASHINGTON USrecogn ises that Asia's current crisis poses difficulties for some countries Bloomberg NEXT week begins a critical 12-week countdown to the climax of year-long talks at the World Trade Organisation (WTO) to open global banking, insurance and financial markets,
      Bloomberg  -  485 words
    • 441 6 WASHINGTON But core rate, which excludes energy and food, rises just OJ% Bloomberg PRICES paid to US factories, farmers and other producers rose in August for the first time this year, climbing 0.3 per cent, reflecting a brief surge in energy costs. However,
      Bloomberg  -  441 words
    • 385 6 AFP SCOTLAND voted overwhelmingly for limited home rule early yesterday with a massive majority backing the first Scottish Parliament for 290 years, and opting to give it tax-raising powers. The results declared from all 32 regions of the country by 0455
      AFP  -  385 words
    • 310 6 WASHINGTON Reuter US Treasury Secretary Robert Rubin, chairman of a presidential working group that monitors market volatility, said on Thursday that federal agencies were coordinating their efforts well to deal with potential emergencies. "The adequacy and effectiveness of mechanisms within and across marketplaces
      Reuter  -  310 words
    • 410 6 CALCUTTA AFP UP TO 1.5 million people paupers, beggars, lepers, queens, prime ministers and presidents are expected to bid farewell to Mother Teresa at her state funeral today. This teeming city is bracing itself for one of the biggest events in its
      AFP; REITTER  -  410 words
    • 221 6 ■SEATTLE Reuter AFTER seven years of construction, an opulent US$6O million (5590.6 million) lakefront mansion near Seattle is finally ready for Microsoft Corp's billionaire chairman Bill Gates and his family to move in. Microsoft officials confirmed on Thursday that Mr Gates, his wife, Melinda,
      Reuter  -  221 words
    • 456 6  -  BRUSSELS Australia ran A-gpanH contacts between the regions, he says By\ Shada Islam THE European Commissioner Leon Brittan on Thursday backed Australia's bid to join the year-old dialogue between Europe and Asia, saying he believed the country can make an "important
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  • Page 6 Miscellaneous

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 625 7 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa Securities, Deutsche-Morgan Grenfell, Fraser Securities, GK Goh, ING Barings, Merrill Lynch, Phillip Securities, Indosuez WI Carr. Hongkong Telecom ♦(Buy) Salomon Brothers, Sept 11, HK516.70 We think there is a major sectoral
        625 words
      • Article, Illustration
        359 7  -  By Christopher Chong Managing Director, HSBC James Capel 44T T'S Christmas! The I blizzard of cascading X currencies has come swirling among investors, sweeping the unwary off their feet. The cold, cold fear of loss hits the pocket, crushing values beneath. In this darkness the light of
        359 words
    • 881 7  -  But there may be a case to supplement money in global funds with investments which specifically target the region Hy Shiv Taneja [SINGAPORE] IF there is one lesson local investors can learn from the recent carnage in the regional markets, it is this: there is no
      881 words
    • 666 7  -  Back to Basics This is the fourth in a series of twelve articles discussing investing fundamentals First decide on its aims and overall structure to suit your needs and risk profile fly i Caroline Meakin The writer is manager of private client portfolios at Schroder Investment
      666 words
    • 602 7  -  EYE ON THE REGION: MALAYSIA Hit-and-run attitude expected in an uncertain bourse FYorn Eddie Toh in Kuala Lumpur THE market barometer KLSE Composite Index recently plunged to its four-year low of under 700 points on concerns of overheating in the Malaysian economy and government
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    • 1149 7 Next publication dale: Oct 11,1997 >—* i bOb Iff Iff Iff iMaiOMIaMMi* MttVBV Ml Ml 4m Or. 21/07/69 -15.74 -11.23 7 -21.76 g .(3.09 4 -846 2 144.51 I OCBCSaven(Capital 27/04/17 -13.66 6 -20.04 9 -21.60 7 -17.35 I -11.75 5 74.31 3 Sn W°I e
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  • COMPANIES & MARKETS
    • 293 8  -  By David Boey [SINGAPORE] Share prices of four Singapore Technologies (ST) companies which will soon merge raced to new highs for a third successive day yesterday amid talk the new entity may be included in the Morgan Stanley Capital International (MSCI) indices.
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    • 484 8  -  It says 1998 should be satisfactory if S'pore market does not 'deteriorate further' By] Diana Oon [SINGAPORE] First Capital Corporation (FCC) yesterday posted a 12 per cent rise in fullyear earnings to $136.5 million, disappointing analysts who had forecast a
      484 words
    • 160 8 [SINGAPORE] DBS Bank has received approval to upgrade its representative office in Beijing to a branch becoming the first Singapore bank to open a bank branch in the Chinese capital. This will be DBS Bank's second bank branch in China, after one in Shanghai
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    • 280 8  -  SAID OH SUMMIT Logbook shows repeat orders over two-year period: BSA lawyer By. Annette Pau [SINGAPORE] A production logbook seized during a raid on SM Summit contained substantial entries of repeated orders for pirated software by four local companies and some Indonesian ones,
      280 words
    • 698 8  -  HOCK LOCK SIEW S N Vasuki INDONESIA'S listed firms continue to face investor scrutiny over their precarious financial position in the light of the central bank's tight monetary policy. There are also wild rumours of corporates facing huge forex losses
      698 words
    • 489 8  -  Company to invest SlOOm in Moscow over the next two years By' Teh Hooi Ling (SINGAPORE] Acma yesterday reported a 58 per cent plunge in interim net earnings, but its executive chairman Quek Sim Pin brushed this aside as a short-term aberration.
      FILE PHOTO  -  489 words
    • REGIONAL/INTERNATIONAL COMPANIES
      • 433 9  -  Rothschild Asset Management sees confidence returning as it launches new global unit trust Reports by\ Shiv Taneja [SINGAPORE] Zero-weighting Asia "is a big mistake" and markets here will rebound in the next 12 months, the chairman of the Singapore-based Rothschild Asset Management (RAM), Philippe
        ARTHUR LEE  -  433 words
      • 237 9 AFP [HONGKONG] Hongkong's South China Morning Post Ltd said yesterday that its net profit in the year to June was up 15.7 per cent to HK5805.30 million (Ssls7 million) from HK5695.87 million previously. Operating profit for the company, which publishes the
        AFP  -  237 words
      • 214 9 [SINGAPORE] Among the worst performing developed markets last month were Malaysia, Singapore and Hongkong, according to Morgan Stanley Capital International (MSCI), which maintains international benchmark indices. In a statement yesterday it said renewed speculative activity in South-east Asian currencies caused central banks to raise
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      • 249 9  -  Share price spurts despite falling Philippine market From, Al Labita in Manila SAN Miguel Corp (SMC) was yesterday the most heavily traded stock on the local bourse here on rumours that Indonesia's Salim Group was buying a stake in it.
        249 words
      • 624 9  -  Fimd manager is taking a five-year viewonnni&nd By i Catherine Ong [SINGAPORE] Thailand's beleaguered stock market has found a big bull. Templeton's emerging market guru Mark Mobius invested about US$5OO million (***** million) in Thai blue chips in recent months and yesterday said he
        624 words
      • 223 9 Bloomberg [HONGKONG] Asia Inc, a Hongkong-based magazine published by Thailand's cashstrapped Manager Media Group Pic, is talking with potential investors to keep the publication afloat. "Asia Inc is alive and well," said Bill Mellor, editor-in-chief at the magazine. "But the parent
        Bloomberg  -  223 words
      • 279 9 Malaysian Resources general offer waived after market slide Reuter [KUALA LUMPUR] Shares of newspaper company New Straits Times Press (Malaysia) Bhd (NSTP) and television station operator Sistem Televisyen Malaysia Bhd (TV3) were down sharply yesterday after a waiver on a general
        Reuter  -  279 words
      • COMPANY Briefs
        • 56 9 [SINGAPORE] Transport group Comfort has teamed up with CET Technologies to market Comfort Cab Link, a satellite-tracked taxi despatch system, in the Asia-Pacific region. Several regional cab companies have expressed v interest in the system. CET Technologies 1s a unit of the Singapore Technologies
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        • 76 9 [SINGAPORE] Mainboard-listed Kian Ann Engineering posted a 30 per cent rise in earnings to $6.5 million for ths year ended June 80. Turnover rose 26 per cent to $79.3 million. The group said exports accounted for two-thirds of its revenue. Earnings per share was up
          76 words
        • 73 9 [SINGAPORE] Despite being rejected by Scotts Investments Singapore (SIS). Raflq Jumabhoy yesterday sent 30 notices saying he will exercise his right to buy 72 million option shares from SIS. On Thursday, the Jumabhoy family's holding company rejected Raflq's right to exercise the option
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        • 70 9 [SINGAPORE] Sesdaq-listed Eng Kong Holdings' net profit rose 20 per cent to $3.9 million for the year ended June 30. Turnover jumped 37 per cent to $37 million. The company attributed its good performance to an increase in storage and handling activities resulting from an
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      • 228 10 Reuter [LONDON] Royal Dutch/Shell Group yesterday announced the latest steps in the reorganisation of its underperforming chemicals division to create a "global, sustainable, petrochemicals business". From Jan 1, a new company Shell Chemicals Ltd will be responsible for providing global strategies and advice to the group's
        Reuter  -  228 words
      • 439 10 Weakness in big pager markets, discontinuation of Mac clones cited Reuter [CHICAGO] Motorola stunned Wall Street on Thursday by saying third-quarter profits will be below analysts' expectations due to weakness in two big pager markets and its decision to stop making Macintosh clones. The
        Reuter; Source: Bloomberg  -  439 words
      • 294 10 FT [LONDON] BTR, the UK-based conglomerate, on Thursday announced plans to raise more than £2.8 billion (Ss6.B billion) through the sale of businesses that account for 36 per cent of group sales and employ some 31,000 workers. Part of the cash will be returned
        FT  -  294 words
      • 441 10 Investors applaud bank's move to write off massive bad debts FT, Bloomberg, Reuter (TOKYO) Investors welcomed the bold move by Bank of Tokyo-Mitsubishi to write off over a trillion yen in bad loans, lifting its share price by 30 yen, or 1.4
        FT,; Bloomberg,; Reuter  -  441 words
      • 216 10 They aim to develop chips 100 times as powerful as today's Bloomberg (SAN JOSE, California] A group led by Motorola Inc, Advanced Micro Devices Inc and Intel Corp will work with US government scientists to develop computer chips that are 100 times
        Bloomberg  -  216 words
    • SHIPS IN PORT
      • 500 10 Vessel Voy No Berth Arrival Departure Jareag Pert Armada 5 20 J03 alongside 12.09/1800 Ayia Marina 1099 JOS alongside U.09/0700 Bt UruM *****7 JOI alongside 13.09/1000 Bt Cendana *****7 J01 alongside I2.09/M00 Bt Nad Tama *****7 J01 alongside 12.09/1400 Bt Sefinahjl *****7 JOI alongside 12.09/1400 Bt Sw IS
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      • 1707 10 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO BOOklAQ/MMC* Isth Ship Voy Mo Etb/Btr Ported Frew To Froo IciJ«* 04S B/BOO I* B/BOO B/M* B/BOO B/BOO B/M* B/BOO 24 12/1700 U/065* i !*0C U/I700 u/065* u yxx 3 13/0700 13/115* U/MOO 4 13/1200 U/M5* 13/1700 tauta m ivdm
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    • FINANCE & COMMODITIES
      • 392 11 Company said to be preparing 'quality initiatives' and 'cost initiatives' Reuter [NEW YORK] Citicorp appears to be ready to begin a long-awaited re-engineering effort, Merrill Lynch Co analysts wrote in a report summarising presentations by money centres and regional banks at an
        Reuter  -  392 words
      • 343 11 Huge salaries are an unsustainable cost, says investment bank Reuter [FRANKFURT] Investment bank Morgan Stanley on Thursday lashed out against big pay incentives that have lured its top European staff away to newcomers on the investment banking scene. David Walker, chairman of
        Reuter  -  343 words
      • 435 11 USS/mark: The greenback started the week on a consolidative tone, trading within the range of 1.7940 to 1.8175 for the first three days. Thereafter, selling pressures pushed the unit lower to 1.7773 on Thursday before it settled to trade around 1.7785 on Friday morning. The
        Source: DBS Bank  -  435 words
      • 325 11  -  By\ Soh Tlang Keng [SINGAPORE] Bank Tiara Asia, the banking arm of Indonesian conglomerate Ometraco, signed a syndicated deal with 10 banks in Jakarta earlier this week to raise US$46 million (5569.5 million) from the Asian capital markets. Despite the current turmoil in
        325 words
      • 87 11 Bloomberg [BOSTON] Fidelity Investments' flagship Magellan Fund attracted almost US$7O million (5J105.7 million) in the first 10 days of September following the company's decision to close the fund, according to a research report. An estimated US$6B million flowed into the US$6O billion Magellan Fund
        Bloomberg  -  87 words
      • 218 11 Report Reuter (SINGAPORE] Simex Nikkei futures finished at the lowest level for a benchmark contract since mid-April as worries about weak Japanese economic data and Wall Street's overnight losses triggered a sell-off, dealers said yesterday. The new lead December contract lost 505 points to end
        Reuter  -  218 words
      • 153 11  -  MSCI TAIWAN FUTURES -By Perry Gilbert By Perry Gilbert, vice-presi-dent, Refco Singapore THE Simex MSCI Taiwan Stock Index futures contract traded in a tight range between 384.4 and 380.3 in the September 97 contract. The Taiwan Stock Exchange closed higher at 9,155.24, up 40.14
        153 words
      • 292 11 ENERGY REPORT Reuter (SINGAPORE) A seasonal rebound in Asia jet fuel prices, now at a two-year low, is likely to be limited and there will be no repeat of last winter's fiveyear high due to increased refining capacity and abundant stocks, traders said
        Reuter  -  292 words
      • 264 11 Reuter, AFP London THE yen gave way against other major currencies yesterday as the market became increasingly pessimistic about the outlook for the Japanese economy, a view highlighted by moves in Tokyo asset markets yesterday. The yen suffered an additional blow from US Treasury Secretary Robert Rubin's comments,
        Reuter,; AFP  -  264 words
      • Article, Illustration
        1257 11 DITERBAMK CROSS RATES g C* —> ffr Wtt Y- WW M$ MZSUfcfa FH, —4 Uf *T% M* fm* Mt 1005 *.171 0.656 4320 1295 5391 ZUt7 ***** 0.969 6J60 2J23 U3t>iy« ino? 1064 20 6******3 0-151 nw CmvkJI 0.995 5.970 0.453 4.300 1279 5.565 ***** ***** 0.865 6 529 2.113
        1,257 words
    • 1694 12 SICOM FUTURES Sept 12 maact (Mwm do*a at 130pM RSS1 CONTRACTUS cwtiAf) ClOM VoImm OpM Mwrtfc Hjqfc Low Sott (tamos) hrttrtrt Oct 97 135.25 134.00 134.00 175 1425 Nov 97 137.75 1550 Ok 97 140.25 1950 J«/M*98 146.50 5910 Apr/JM 99 152.50 ***** Ju»/S«p 98 156.00 4800 RSS
      1,694 words
    • 2277 12 LOMPOH Industrials Uvt 12 Ptace AB Ports 271 -1.400 Abbey National 841.400 -7.600 Allied Domecg 459 -1.400 Amec 143.400 unci) Asda Croup 145 .400 BAT Ind 516.400 -.600 BGP1C 266.400 *1.400 BICC 145.400 -13 BOC Group 1055 *5 BR Petroleum 863.400 -12.600 BTR 230.400 -3.600 Bonk of
      2,277 words
    • 1665 12 AFP Q Nikkei 225 -31M3 JAPANESE share prices closed 1.7 per cent lower yesterday, with the Nikkei Stock Average falling below the 18,000 point level pressured by growing uncertainty over the economy, brokers said. Share prices were pressured from the outset by active futures-led selling along with renewed selling
      AFP  -  1,665 words
    • Article, Illustration
      1610 13 AFX-Asia, Reuter Q Hang Seng +162J6 HONGKONG share prices closed higher yesterday, reversing earlier losses as profit taking gave way to bargain hunting, dealers said. They said the pick up in sentiment in late afternoon trade is likely to continue into next week, barring a sharp fall in London
      AFX-Asia,; Reuter  -  1,610 words
    • Article, Illustration
      635 13 Reuter CI Shenzhen B Index -0.87 SHENZHEN shares finished lower yesterday as investors trimmed their holdings on fears of selling once the Communist Party concluded its congress, analysts said. But selling during the session was moderate as many investors kept to the sidelines, they said. The A Share Index
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  635 words
    • 389 13 AFP QWP Index +40J4 TAIWAN share prices gained 0.4 per cent yesterday due to a government decision to relax control over stock investments by local banks and foreign institutions, brokers said. "Recent measures taken by the central bank to raise the ceiling of commercial banks' investment in the stock
      AFP  -  389 words
    • Article, Illustration
      739 13 AFP Pi Composite Index -9.50 JAKARTA share prices closed 1.7 per cent lower yesterday in lacklustre trading with sentiment weakening amid a lack of fresh incentives and economic concerns, dealers said. "Some people think we've already seen the worst but on the micro level we've yet to see the
      AFP  -  739 words
    • Article, Illustration
      838 13 AFP □set Index -17.91 THAI share prices dropped 3.2 per cent yesterday as investors took profits after an official of Moody's rating agency predicted the collapse of several small banks next year, analysts said. The Stock Exchange of Thailand's (SET) broad-based index declined 17.91 points to 534.18 points, while
      AFP  -  838 words
    • 328 13 AFP n Manila -3.61 PHILIPPINE share prices fell 0.2 per cent yesterday amid uncertainty over whether President Fidel Ramos would seek a second term, analysts said. The Philippine Stock Exchange Composite Index closed 3.61 points lower at 2,141.68. Turnover totalled 4.4 billion shares worth 2.6 billion pesos from 4.27
      AFP  -  328 words
    • 409 13 AFP PI Composite Index +3J6 SHARE prices on the Korea Stock Exchange closed 0.6 per cent higher for the third consecutive day yesterday on a technical rebound, dealers said. The market traded firmer throughout the session on expectations that market conditions will get better after the Chusok holidays, a
      AFP  -  409 words
    • 605 13 AFP PAll Ordinaries jjj AUSTRALIAN share prices fell one per cent yesterday, driven lower by a fall on Wall Street and a dip in copper prices. The Australian Stock Exchange's main indicator, the All Ordinaries Index, fell 25.8 points to 2,640.0. The All Resources Index dropped 26.7 points to
      AFP  -  605 words
    • 244 13 AFP n Wellington -4.48 THE New Zealand Stock Exchange closed 0.2 per cent lower yesterday. The benchmark NZSE-40 Capital Index eased 4.48 points to 2,483.18. Turnover totalled NZ561.84 million. AFP J«*« US (0001 AN2 BenAmg n.60 O KI ***** Advantages Hidgs O H -0.02 1300 AirNew2e«lend(A> 2.83 -0.01 *****7
      AFP  -  244 words
    • KUALA LUMPUR STOCK MARKET
      • 8120 14 INDUSTRIALS Conswmr prt^acti 1997 Last Vol Day Net Cap I—I Lw Cwfy i* 'OOP Hm» L— W tmU 790 400 Ajinomoto 480 26.6 194.6 448 231 Anglian 291 7 49 293 284 8.6 429.1 905 370 Apollo Food Hkj 565 -5 25 570 560 16.4 226.0 765 372 BeriayaLand 540
        8,120 words
      • 512 14 Bloomberg, AFP n Composite Index +17-91 MALAYSIAN share prices rebounded yesterday to end 2.1 per cent higher as bargain hunting by both local and foreign investors reversed earlier losses, dealers said. The Kuala Lumpur Stock Exchange 100-share weighted Composite Index surged 17.91 points to end
        Bloomberg,; AFP  -  512 words
    • WARRANTS & OPTIONS
      • 3446 15 Bonos, loans t wmnants >997 Last Vat Day Last Ouat* Ayg VM|8 Low StiM Com#any $a4a »af- (*000) High Law Buyar SaMar Prlca V (58 30.5 m 3000 m AMDS c5.5******6 31 30 #1 41.5 3160 »Acar ******1USS 57 unch 60 57 5« 56 57 131 43 3164 Acma ******4
        3,446 words
      • 173 15  -  WARRANT WATCH By R Sivanithy THE steep drop in Malaysia has pushed many warrants out-of-the-money, which means that with exercise prices higher than the underlying share price, these instruments are intrinsically worthless. These warrants are high risk and
        173 words
    • 2349 15 MALAYSIAN STOCKS Of Of 1997 Last v« Day Last Owta Mv Mv YM Nat M Cap L— Stno Company SjH COOP) Hg Iw Buyar »a«ar C»r P/I $W 478 147 mt 5000 AISB50C 227 »5 157 227 213 225 227 5.0 4.9 0.6 51.6 232.9 137 54 mi
      2,349 words
    • STOCK EXCHANGE OF SINGAPORE
      • 1443 17 Twmovci r ooo) **u*r ss: 2s Lisa eft m as Industrial 6*240 ***** 107.441 174.199 48.904 220.103 FUMOC 3.635 18,240 21,875 ***** ***** M201 Hoteta UM M 2,271 22» 1.021 3.319 Pnwwttat 18U 8,272 Kt39 30,998 7,979 36.977 PbntMton UM 2SS UM 11M WM4 an 2*3 404 406 BLW 6,485
        1,443 words
      • 5080 17 Or Or M Wt IM7 Last V«i Day Last Ouata Mv Otv VM Nat Cap Av% HH> Law ttMa COO<» Law Bwyaf »a6ar Cw Pfl %m* Prtca 157 S3 a 1020 ACC 0ynamlcs60c 88 -3.5 20 89 87.5 88 89.5 -8.9 72.1 90 5144 ASE NT$10 200 US-
        5,080 words
      • 1056 17 Or Or M Wt >*•? IM Vai Day Last Qwti Mv CMv YM N«t Ca» u» C—8—9 tata roooi W» U» »fr utm Cw wt x Ww 1S6 78 2000 WHMftk 133 MM* 1.0 6.0 0.1 190.0 592 IX) 412 144 2049 AS AutetOc 358 >4 -2 192 364
        1,056 words
      • 233 18 Stocks VotaM* BBR Constn 5c 11,113,000 SM Summit Kk 10,221,000 •Rekapacific Bti 9,781,000 ST Aero 50c 6,178,000 •Berjaya Group 5,821,000 •Pub Bk Foreign 5.241,000 Asia Food&Prop 5,106,000 UIC 4,561,000 •MBf Capital 4,122,000 *RHB Cap Wt99 3,842,000 Stocks ST Aero 50c 24,246,668 City Dev 50c 13,512,066 SPH Foreign 12,180,222 Wing Tai
        233 words
      • Article, Illustration
        62 18  -  -If I Shiv Taneja CLOB-listed Multi-Purpose Holdings closed three cents higher yesterday on a volume of 3.67 million shares, compared with its 10-day traded average of 6.9 million shares. Based on the weekly price chart, the stock appears to be bottoming out, and this might be a good
        62 words
      • 680 18  -  STOCK MARKET COMMENTARY Interest remains focused on shares of Singapore Technologies group while Indonesian-linked stocks benefit from rumours By R Sivanithy [SINGAPORE] There were signs of slow improvement throughout the local market yesterday, led by continued interest in shares of the Singapore Technologies
        Chart info from Bridge  -  680 words
      • ON THE GRAPEVINE
        • 77 18 IT SEEMS everybody is affected by the haze these days, even Acma Ltd. Yesterday at its interim results briefing where Acma announced a 58 per cent plunge in net earnings, executive chairman Quek Sim Pin said: "Our performance was affected by the 'haze'." A couple
          77 words
        • 84 18 A BUSINESSMAN well-known in Singapore and Hongkong boarded an SIA flight recently donning draw string trousers and a singlet. As he was heading towards the first-class cabin lugging a huge bag stuffed with things, an inexperienced stewardess trying to be helpful pointed him towards economy. He
          84 words
        • 126 18 AT A luncheon yesterday during which Thailand's Deputy Prime Minister Thaksin Shinawatra spoke candidly about the tough times facing his country, little slips of paper were distributed to every table. They contained the Chinese characters for the word "Wei Ji". Alongside the beautiful
          126 words
        • 166 18 WHILE we are on the subject of Dr Mark Mobius and Thailand, it looks like the Tern pie ton guru will need all the "fortitude" and "guts" he said are needed for one to buy stocks at a time when everyone is selling. At Dr Mobius' direction,
          166 words
        • 60 18 ONE Swiss private banker thinks Singapore has too much buzz already, thank you very much. It annoys him no end whenever he's in the elevator and he hears other bankers talking about their clients to colleagues. "I get so irritated. This will never happen in Switzerland,"
          60 words
        • 122 18 CHINA'S 15th Communist Party Congress began yesterday, an event that could have far-reaching consequences for its people. Buildings in Beijing are fluttering with red banners hailing the event and there is blanket media coverage. But soccer fans in Beijing have other more important things in
          122 words
  • Page 8 Advertisements
    • 8 8 KI., S'pore, HK among worst markets, Pg 9
      8 words
    • 14 8 Buy It Sell It. Find It. Classified. Call Today For Results Tomorrow. CATS. 1800-*****66
      14 words
    • 671 8 SUPERBOWL HOLDINGS LIMITED I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I 1. PROPOSED ISSUE OF 49,051,206 DETACHABLE WARRANTS I ("WARRANTS") TO SUBSCRIBE FOR 49,061,206 NEW ORDINARY I SHARES OF $0.15 EACH IN THE CAPITAL OF SUPERBOWL HOLDINGS LIMITED (THE "COMPANY") TOGETHER WITH $30,000,000 IN PRINCIPAL AMOUNT OF 3V4
      671 words

  • Page 9 Advertisements
    • 85 9 no FIND, Classified Oils can gel you stereo Classified ads arepurr...feci for Classified ads put homt-seektrs equipment for a song. finding lost little kittens. Un si)l fo groum i Classified ads make vacation Classified ads can speed up Classified iuls make just about hunting relaxing. your search for the right
      85 words




  • Page 13 Advertisements
    • 60 13 /The card we're\ the computer I y° u t^l s was a ma king f° r Susan J I advertised in y Yu P» we got what V is going to be J V The Straits Times J f J*" we wanted because real nice! Jfe dfc Buvina or selling
      60 words



  • Page 16 Advertisements
    • 334 16 Qp r/ie ,y ;i (flyo/ect cki* e/tt ix towmenZ I I I j I CLEAN AIR > j > 5 f€W tOCAI C 5 %L C 5 C 5 Ai* Ik c I EE?"" jL s i 60# s 5 70£ s ?$1 I a message to the world that
      334 words

  • Page 17 Advertisements
    • 57 17 f your advertisement in f great...just like SttaAttTin^'Clarifiedji e e J 1 I'm going to take real good J you still have the puppy... M described. v y T>ii l l. V- X care of him. rMs 1 r Buying or selling through The Straits Times Classified is child's Play.
      57 words
    • 13 17 Buy It. Sell 1L Find 1L Classified. £5 c*i**,rwi n +.Tmm~ r wmmwm
      13 words

  • Page 18 Advertisements
    • 71 18 BUSINESS Notices <|IBi ■■■■■■HIHIH 11 r/« L jTTTT^^M I I 1 I 'IMT'III'I Ilk J L I 1 I I I r I.J §I L lli i r BUY.. SELL./ FIND,. Classified ads can speed up your search for the right car. No matter what it is, you can always
      71 words
    • 281 18 FREE! If you have found something, you can advertise for free in Classification 821 (Found) to seek its owner. Call C.A.T.S. at 1800-737-1166. CAT A' Another Classified S> :ivice In the Matter of The Companies Act. Cap.so and In the Matter of NEXTAGC CAPITAL VENTURES PTE LTD (In Members' Voluntary
      281 words
    • 238 18 To advertise call toll'-free 1800-*****83 SSI j^EFW fit*»,««SL f& Dad does ft all the time. Our house is like a zoo now. IN THE MATTER OF THE COMPANIES ACT, CAP. 56 AND IN THE MATTER OF JJ_S. FILM MANAGEMENT SERVICES PTE LTD (la Members' Voluntary Liquidation) FINAL MFETINC. NOTICE IS
      238 words
    • 157 18 Buy It. Sell It. Find It. Classified. f&J Ctll TikLiy Fm Krmlls hmurnw NOO-737 li« 6 CHUNG KUO TRADING COMPANY (PRIVATE) LIMITED (la Members Votaatary I IjalilH ial NOTICE OF FINAL MEETING NOTICE is hereby given pursuant to Section 306 of ihe Companies Act, Cap. SO that the Fiaal Meeting
      157 words
    • 140 18 YBI PROPERTY A MANAGEMENT PTE LTD (In Member* 1 Vohrtfary Uqudtton) HNALMEETMG Notoe a haraby gm purauart to Sac6on 308(1) of N Comparaea Act Cap. SO M a FM MilH of Member! of la abow»Onamad Company ba held al BBt ICS BuM Marah CanM NMN7 ttegapnw *****6 on 13» October
      140 words
    • 710 18 SAN TEH LTD IbJ* (Incorporated in the Republic of Singapore) ANNOUNCEMENT PROPOSED ISSUE OF UP TO 38.308,618 WARRANTS ("WARRANTS") TO SUBSCRIBE FOR UP TO 38,308,618 NEW ORDINARY SHARES OF 550.20 EACH IN THE CAPITAL OF SAN TEH LTD (THE TOMPANY") IN CONJUNCTION WITH A FLOATING RATE TRANSFERABLE LOAN FACILITY IN
      710 words

  • EXECUTIVE Lifestyle
    • 1705 19  -  COVER STORY Weary of the daily grind and longing to get away from it all? For some, the answer lies in buying a piece of vacation property abroad. Who are these people and how do such holiday homes rate as investments? taw su ten reports TAN
      CHRIS LOH  -  1,705 words
    • 408 19 P OR Mimi and Philip Chin, turning their investment property in Malaysia into a second home was very much a labour of love. Since the completion of their two-bedroom apartment in Genting Highlands last year, the Chins have been painstakingly putting the finishing touches to their
      408 words
    • STRAWS In The Wind
      • 103 19 TALE from the crypt? Word has it that just before Gianni Versace was killed, he did a video clip for Fashion Connection, an upcoming event organised by the Trade Development Board. The video was meant to go with a catwalk show of the designer's clothes from the Versace
        103 words
      • 71 19 ALWAYS wanted to draw perfect eyebrows? One woman couldn't resist buying a Japanese eyebrow "template" after reading the hilarious sales pitch on the package: "The newly devised eyebrow template is topmost recommended to whom unable brow as you wish. This is much proud to rely on the theory
        71 words
      • 59 19 AT CHANGI Airport, sleepy passengers on a midnight flight to Frankfurt weren't exactly pleased when told that the flight was going to be delayed by an hour. When the plane finally took ofT, the chief purser tried to placate the passengers by saying: "And now, to make up
        59 words
    • PROFILE
      • 1323 20  -  The principles that lead to happiness in personal life are just as relevant in business, motivational guru and best-selling author Wayne Dyer tells kenmeth jambs KENNETH JAMES IN THE mid-*****, a young university professor named Wayne Dyer gave up the security of a comfortable tenure to promote
        CHRIS LOH  -  1,323 words
      • 953 20  -  Haresh Sharma, winner of the NACs Young Artist Award, is quick to acknowledge the collective efforts of The Necessary Stage By] Ben Munroe "I NEVER planned to write a play," says Haresh Sharma. settling into his chair at The Necessary Stage office, where he has
        CHRIS LOH  -  953 words
    • PURSUITS
      • 1127 21  -  After a decade in the theatre business, Singaporean actor Glen Goei recently turned his attention to the movies. He acted in Peggy SulmA is now busy making his own feature film, which will centre around motorbikes, discos and Bruce Lee. oasimißKHUC finds out
        CHRIS LOH  -  1,127 words
    • 707 22  -  CINEMA Subtle characterisation and a savvy script save Trial And Error from becoming jnst another dumb-lawyer comedy By I Susan Tsang TRIAL And Error takes a stock courtroom comedy situation and gives the trite subject more than the simple television sitcom treatment that would have
      707 words
    • 630 22  -  CINEMA With the utmost economy, Sling Blade lays bare the idiosyncrasies of small-town American life and raises some disturbing questions about murder and culpability By\ Susan Tsang SLING BLADE is a strange, simple tale told with great economy, about a simple-minded loner in Arkansas. Not
      630 words
    • 729 23  -  NIGHTSPOT The routines on offer at Dancers: The Club, while far from perfect, are a distinct improvement on Hot Bod fare Hy\ Ben Munroe EVERY so often a place opens up which defies description, occupying neither the arena of the unsavoury, nor aspiring to heights
      729 words
    • Article, Illustration
      390 23  -  Compiled by j M Yasotha COMCTRT S'pore Symphony Orchestra: An Invitation To The Dance With Keith Lockhart Making his debut in Singapore is the conductor of the Boston Pops, Keith Lockhart. On the programme are Weber's Invitation To The Dance, Profokiev's Suite No 1. 2, 3 from Romeo
      390 words
    • EPICURE
      • 461 24  -  RESTAURANT There's a lot of the stuff in circulation at Dragon Park By, Jaime Ee I SOMETIMES think Singapore could do with a good vegetarian restaurant the kind that serves salads and innovative non-meat dishes to people who aren't necessarily vegetarian but who just aren't in the
        461 words
      • 696 24  -  Chef Ming Tsai blends Chinese, French and Japanese cooking in a style that is uniquely his own, says jaimb ee JAIME EE PUSION cuisine is sweeping through North America and is fast heading our way as the line between this, East-West and New Asia cuisine continues to
        CHRIS LOH  -  696 words
      • 548 24  -  PROMOTION Dine on Kaikera crayfish, black lip mussels and kiwi fruit pavlova at Siggi's lavish buffet By' Tan Su Yen A MEAL in a restaurant does not always amount to a "dining experience", say food and beverage professionals. With this in mind, The Beaufort has
        548 words
    • Article, Illustration
      779 25 Air Force One. Harrison Ford stars as the US President in this tense, patriotic drama. When the presidential plane is hijacked by a Russian terrorist (Gary Oldman), the movie slides into die-hard territory. Previewing at Lido, Hougang, Capitol, Cfiangi, Jurong, Choa Chu Kang, Woodlands, Chinatown, Republic, Century, Yishun, Bishan,
      779 words
    • 113 25 OathajrOrg Cathay 338-3400 Eastshore 346-1816 Plcturehouse 338-3400 Yangtze 223-7529 BnfWafc Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whltesands 686-1782 Bedok *****06 Bishan 363-8886 Boon Lay 792-2788 Broadway 464-9394 Majestic 633-9032 Marina 337-9488 Pavilion 786-6788 TamplnesB 786-6788 I Tkmgßahru 274-6688 Ylshun 267-7848 ClementV Cwealth 777-0669 GoWeivTS'ew Town
      113 words
    • TRAVEL
      • 1188 26  -  Visitors who have had their fill of Bali's southern attractions may want to explore the less publicised charms of Balina, Manggis and Candi Dasa, says amsha ANISHA SABHLOK The author is a freelance writer based in Singapore A SINGLE trip to Bali is often not
        PHOTOS BY ANISHA SABHLOX FOR BT  -  1,188 words
      • 874 26  -  SPAIN Whatever a visitor may think about bullfighting, the Spanish offer no apologies for their unabashed enjoyment of it By\ Denesh Divyanathan BULLFIGHTING is a vicious, cruel and unnecessary sport or so the animal rights activists claim. Perhaps. But the sport had long captured my imagination,
        FILE PHOTO  -  874 words
  • Page 19 Advertisements

  • Page 20 Advertisements
    • 103 20 Like the Sparkle in Your Eyes I Magnificent Jewels Auction in New York Exhibition in Singapore I Discover the bangle that's never a bauble. Immerse yourself in its sparkling spell, as did famed Hollywood Viewing date: star Gloria Swanson who owned two such Sunday, 14th and bracelets and wore Monday,
      103 words


  • Page 22 Advertisements
    • 50 22 My hubby can A walk into -these Oj ■twojobs. Mo o handicap fk 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 m* Singapore Press Holdings
      50 words
    • 96 22 1 Y• A Listing yejtr company on the stock exchange? HHPs good news to 1.2 million readers! jyg I "%lj>any listings are significant milestones and it I is to the company's advantage to build n I Bpivareness of its corporate identity, r goodwill and reputation before its I ommnm ma
      96 words

  • Page 23 Advertisements
    • 278 23 Where to wine, dine and entertain... "t sa SJI What better way to celebrate a great week than Sunday Brunch at The I Cafe-in-The- Part' Enjoy the finest hrunch and service at only $28* per adult (only $14* (or the Lids). 1 hen toast your good fortune with Gold SeLt
      278 words
    • 171 23 LA A 1/ LCfYIMVV ISTIMEWA at LUNA COFFEE HOUSE. 1 sth-2lth Septembsr'ST Price $10.00+++ (fiSisSS") Available for 1 Lunch fc Oinnner 7 i Mgg For reservations, call Luna Coffee House at 733 2081 ext 468 40S HwtocH Road. SlmipiW WMU. T«> tSS)T» tm T«M«« (M) 7M ISM A Bigger Better
      171 words
    • 181 23 """"'Lounge Bar, for traditional English tea or an evening of drinks. Happy Hour *pm to 8.30pm with 50% off on drinks. The Ethereal —entertains nightly (except Mondays). •OVAi CROWNE PLAZA" iniimi Oftnfrwm lUmmUm on wrrhdty did tuuti am urt+mj, Ft nrau« pitmt cmU 73! 7933 25 Sctm AW S.ngtfrt *****0
      181 words
    • 293 23 v II HI MJMMB jL^jk Otherwise for light-eaters, we have specially planned for you carefully selected combinations at a great value (applicable during lunch only): •Soup, salad cold appetizer Ssl2.so+++ •Soup spaghetti -ssi2.so+-^+ 'Salad <Si hot dishes -Ssls.oo+ MlLjiUgikW •Dessert coffee -Sslooo+++ 24-hour Coffee House Promotion penod I Aug-30 Sept.
      293 words

  • Page 24 Advertisements
    • 195 24 I at Palais Renaissance from September 1 to 30,1997 and win the ultimate vacation at the world's leading spas. For every $100, you stand a chance to win a pampered, luxurious time at the World's Best Spas. Ist Prize SD/4N Canyon Ranch, Berfcshlres, Massachusetts Single Return Connoisseur Class ticket on
      195 words

  • Page 25 Miscellaneous
    • 1938 25 TODAY'S TV ■—i——— Prn—llf n 1? 3.00 l,embah Fauna MOOMMEWPBP TOWDIO U*o NN TV Innovations. A l a AhP c LOO PM Cycling: Tour De ffß Taman Sesame Subliminal for a better job. Problems France 1997. v 4 30 Uy arvom OUDliminai multiply and orders pileup 2J» world Games-Lahti 1997.
      1,938 words
    • 250 25 RADIO Adopting Attitudes, BBC, takes its its theme the story of Saturday, L3opm one individual whose life is Parents with adopted children caught up in the world of drug from another country are u«e. It tracea the effect of the encouraged to inform the users' chosen drug on their children
      250 words