The Business Times, 20 September 1997

Total Pages: 24
1 24 The Business Times
  • 13 1 THE BUSINESS TIMES MITA (P) 023/12/96 SINGAPORE Internet http://www.asial.com.sg/biztimes WEEKEND EDITION, SEPTEMBER 20-21,1997
    13 words
  • 59 1 rjlrn M 18M.73 (-1.36) n VT-SU M «MI(-2.39) m STOMP ■J 17ML77 (-4..30) D mnt-iM) wtmKutaMEiamaa Friday Change KI£E COUP 787J4 ♦t.ll NIKKEI IMIUI-^Uail HANG SENO 1084.U -SUS SET INDEX UtM +1.01 JAKA8TA COUP _JSLN H81 MANILA COUP _*|7U7 +«.7J TAIPEI WPI +19U8 SEOULOOMP MLM CLSA CHINA B—14BM
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  • 63 1 ufr-r™ —w» X MOO 1441 n> tin itti TW119 0.821 114* MM OJHH HO mst 0.190 BAIIT 0.928 0.042 RUPIAH 100 MM OKI FUME BATES SINGAPORE* 144 JAKARTA ZZZIko. BANGKOK tlS MANILA 12.50 HONGKONG &7S TAIPH I 900 SYDNEY hM TOKYO: 119 SSOUL. 1175 SJMCII" 1875 FRANKFURT*** 150 LONDON
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  • 470 1  -  Move to giro company chance to seek buyers far retail business, Yaohan trademark Reports by, Jenny Lam [SINGAPORE] The Singapore arm of troubled retailer Yaohan Japan has come under interim judicial management. Its petition to be placed under the judicial management of three
    470 words
  • 400 1 for says its MD [SINGAPORE! The controlling shareholder of Sesdaqlisted IMM Multi-Enterprise (IME) will be filing for judicial management, it was disclosed in court documents yesterday. International Merchandise Mart Ltd (IMM) owns 75 per cent of IME, and is in turn 30
    CHRIS LOH  -  400 words
  • 237 1 [SINGAPORE] Responding to public concern over the worsening haze from forest fires in Indonesia, the Ministry of the Environment has announced an action plan which will kick in when the haze level in Singapore goes above 200 on the Pollutant Standard Index (PSI).
    REUTER  -  237 words
  • 126 1 [SINGAPORE] Arthur Andersen has been appointed the consultant for the corporatisation of the Public Works Department, it was announced in the government gazette yesterday. The company was selected from among five consultants, whose bids for the job ranged from Arthur Andersen's $960,000 to Coopers Lyb
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  • 399 1  -  At least 3 authorised distributors are in a fix By\ Christopher Tan (SINGAPORE] The Customs Excise Department has put on hold the release of new car models from the port premises, following complaints about the declared import prices of some of these vehicles, motor
    399 words
  • Page 1 Advertisements
    • 121 1 msiDn ttbe (Mat's FM China's vice-premier Zhu Rongji now ranks third in the Standing Committee of the Politburo an Indication that he is poised to become the Chinese premier when Li Peng's term of office expires next spring, Pf 5 'U u. a, -,ff. iw lajws expeccaa Price Waterhouse and
      121 words
    • 9 1 Hase may cost Sarawak RM3Om a day, Pg 4
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    • 432 1 »v>. A';,"*: -'A v #s*' i. y f > > y mIT gl KIY C mrm HEWLETT* I' B 199 PACKARD (Pm (The Adrenaline) SsB39 i With A3 printing for greater impact, no wonder HP DeskJets are the world's No. 1 inkjet printers*. you down. Ever. Of course, you'll also
      432 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 553 2 Those polled for their views on the Singapore stock market outlook for next week were: Daiwa Securities, Fraser Securities, GK Goh, DBS Securities, Kay Hian Securities, Kim Eng Securities and Nomura. Osprey Maritime ♦(Buy) BZWPacific Union, Sept 15, $1.63 FROM an operating standpoint, the interim results just
        553 words
      • Article, Illustration
        543 2  -  By Rupert Carnegie Henderson Investors' executive director for research and strategy ii 1 J ECENT events have demonstrated the It risks for an investor of having all his investments in one region. This is as true for Asian investors as it is for American or European investors.
        543 words
    • 861 2  -  By I Louis Beckerling [SINGAPORE] THE cloud of uncertainty hanging over currency exchange rates in the region has taken a heavy toil on share markets in both Malaysia and Singapore, share prices have plunged as fund managers quit the market to meet redemption orders from
      861 words
    • 638 2  -  By i Christopher Tan [SINGAPORE] In the rarified segment of what is known as Class E, where only the fattest cats in the industry prowl, Jaguar has emerged as leader of the pack. As of end-August, figures from the Motor Traders
      638 words
    • 797 2  -  Investors need not be super rich now to get Irig client'attention By\ ShivTaneja [SINGAPORE] You have upwards of $1 million to invest and are looking for capital preservation, good returns and better diversification than you now get from your investment strategy. The only problem is that
      797 words
    • 707 2  -  BYE ON THB REGION: HONGKONG From< Quak Hiang Whai in Hongkong FOR most of the year, the direction of the Hongkong bourse has been dictated by two counterbalancing forces the optimism arising from anticipated state sector reforms in mainland China, and the risk
      707 words

  • SINGAPORE AT HOME & ABROAD
    • 293 3 Expansion inclndfff increasing the rail network by 50% to 130 km in five years [SINGAPORE] The government expects to spend up to $10 billion over the next five years on land transport projects, according to Communications Minister Mah Bow Tan.
      293 words
    • 286 3 COMMERCIAL transactions on the Internet are touted to be completely secure, now that the Secure Electronic Transaction standard is in place. But the market here does not seem to be convinced. Only 25 Singapore companies plan to accept purchases over the Net by
      286 words
    • 602 3  -  Tie-op not driven by economies of scale but by synergies: heads of both firms By< Conrad Raj, Catherine Ong PRICE Waterhouse (PW) and Coopers Lybrand said there will be no layoffs in Singapore from a merger announced by their UK parents. The tie-up will
      602 words
    • 254 3  -  By< Audrey Tan SINGAPORE'S retail sales index rose a strong 12.1 per cent year-on-year in July, figures released yesterday by the Department of Statistics (DOS) show. This year-on-year increase in sales volume at constant prices is the best performance by retailers
      FILE PHOTO  -  254 words
    • 219 3 UOB Life Assurance launches today its Life Link Enhanced Investment Plan a single premium investment-linked policy offering financial protection and the potential for higher returns. The company said yesterday that the plan gives policyholders "the flexibility to attain the desired balance between investment and protection".
      219 words
  • Page 3 Advertisements

  • REGION
    • 450 4 < BANGKOK Camdessus' seen as welcome morale-booster for beleaguered fftvt AFP THAI Premier Chavalit Yongchaiyudh yesterday secured a ringing vote of confidence from the International Monetary Fund (IMF) in Thailand's ability to reform and turn around its crisis-ridden economy. After holding talks
      AFP  -  450 words
    • 237 4 BANGKOK Bloomberg MOODY'S Investors Service said it may cut Thailand's short-term credit rating, making it more expensive for the country's cash-strapped banks and companies to borrow. The move makes Thailand, which has already seen Moody's cut both its shortterm and long-term ratings once in
      Bloomberg  -  237 words
    • 348 4 BANGKOK AFP More reports, Pg 6 IN an jjtfiipt < about-face after just aafmjur of talks, Southeast Alpft finance ministers put onMMMtmbitlous plan to set up nftfoal version of the IntendHjp Monetary Fund (IMF) ItfMfeue crisis-ridden Thancnßw*. who enthusi-' asticajßmted,
      AFP; More reports, Pg 6  -  348 words
    • 268 4 KUALA LUMPUR AFP MALAYSIAN Prime Minister Mahathir Mohamad yesterday said recent speculative attacks on Malaysia's financial markets had set back the economy by a decade. "They (speculators) have very successfully pushed back the economy by 10 years," he i OKI reporters. Dr Mahathir
      AFP  -  268 words
    • 397 4  -  I KUALA LUMPUR Buhieis activities frozen as pollution index breaches 660 By< Eddie Toh BUSINESS activities worth more than 30 million Malaysian ringgit (Ssls million) a day may be erased from the ecpnomy of Sarawak, which has been placed under a state
      AFP  -  397 words
    • 319 4 HONGKONG Bloomberg BANK Indonesia governor Soedradjad Djiwandono said if s likely some of Indonesia's banks will have to go out of business because of weak capital bases and deteriorating asset quality. "I think we will do that," Mr Soedradjad said
      Bloomberg  -  319 words
    • 431 4  -  JAKARTA Some ievtUpers fear bottlenecks when economy revives By\ S N Vasuki INDONESIA'S decision early this week to postpone major infrastructure projects worth 42 trillion rupiah (5521.38 billion) has drawn a mixed reaction from project developers. The general view is that while the move
      431 words
    • 383 4  -  m MANILA By Al Labita OPPOSITION and religious groups will stage a protest rally tomorrow over President Fidel Ramos'proposed change to the constitution to retain power, amid fears the event could plunge the Philippines into chaos and anarchy. Hundreds of thousands are expected
      383 words
    • 738 5  -  16TB COMMUNIST PARTY CONGRESS Singapore interests hoifted by election of Snzhoa park, SKamlflng affiwala to top echelons off power From', Lu Ning in Beijing CHINA'S Vice-Premier Zhu Rongji emerged victorious yesterday from the first plenum of the 15th Communist Party Central CommitteeThe Chinese economic
      738 words
    • 75 5 the seven-member standing committee 1 Hi m Twill, secretary-general of Communis* Party president and head of the Central Military Commission 3executive vice-premier with economy portfolio 4 UMfcm* head of the Chinese People's Political Consultative Conference 6 MJhtan, member of secretariat of the central committee 6 VWJkuntoft chairman
      AFP  -  75 words
    • Article, Illustration
      145 5 ULanqtef ■one 1932 4 ■Vloe Premier of StafoCouncfi in charge of forehand domestic trade tnd n Joined CFC to 1962 ■Graduated from Shangtafs Fudan University in 1962 ■Worked aa a trainee ta Moscow in s&67.W*tad at various posts including First Auto Works, Second Auto Works, State Pfenning
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    • 256 5 SEOUL Chain of insolvencies raises mrsefts concerns AFP SOUTH Korea's won fell, to a new low against the US dollar yesterday, breaking through the 910-won level, on overseas concerns over a string of insolvencies in the country, dealers said. "Concerns over
      AFP  -  256 words
    • 186 5 TAIPEI Reuter TAIWAN'S Big Three staterun commercial banks will be privatised in January, far ahead of a November 1998 goal, the government's top economic planning agency said yesterday. Shares in the three Chang Hwa, First Commercial Bank and Hua Nan have largely
      Reuter  -  186 words
  • Page 4 Miscellaneous
    • 167 4 CRYPTIC CROSSWORD maJter^(7) f modern music ocean (4) "~*j| IB played tennis (5) 28 Soma darts' pro cheats, by 29 USeraTcSe to bating a healthier atmosphere (7,3) (10) HVMMfi MU/IKJH mfH 13 What aggressive manager does Mii»ijiuimiwii»....„ 2 S i 2l2 t J.V nknOWn to rtnmte when the 32*z?ff> boafs
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  • Page 5 Advertisements
    • 76 5 MOTOR ULTIMA 15 Queen Street #01-01 Tan Chong Tower Tel: 338 3844 Fax: 334 3877. Showroom hours 9 am 6 pm weekends, 9 am 8 pm weekdays. Come down today for a test drive Authoriied dealer: SIN HOCK LEE CARS ENTERPRISE. 165 Upper Pay Lcbir Koid, Smpporc *****8 Tel: 282
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  • THE WORLD
    • 624 6  -  SEATTLE Optimism comes amid' market pandits' fear of end to E Asia's economic miracle By\ Leon Hadar US COMPANIES in the West Coast have not lost their bullishness on doing business in East Asia, said executives in San Francisco
      624 words
    • 254 6 NEW YORK AFP CNN founds Ted Turner announced on Thursday he would donate -US$l billion (551.5 l billion) of his* personal fortune over the next decade to United Nations humanitarian programme*. Mr Turner, now vice-chair-man of Time Warriar.wiU make installments of US$lOO
      AFP  -  254 words
    • 383 6  -  EPM-PP TO IMF/WOKLD BMMK MHHTUW* WMBufc4Mtf*S for proper supervision and transparency From\ Loh Hui Yin in Hongkong BEYOND the immediate bailout of Thailand and restoration of investor confidence, the next pressing issue is to strengthen the country's financial system through proper supervision and
      AFP  -  383 words
    • 437 6 GENEVA 19 offers on table, just 12 weeks to Dec 12 deadline Bloomberg ONLY six more countries offered to make it easier for foreign financial services companies to enter their markets under the terms of a new trade treaty being
      Bloomberg  -  437 words
    • 62 6 [CARDIFF] The Welsh/lag being raised over Cardiff City Hallyesterdayofter a narrow majority of the people of Wales voted in favour (tfcreating a separate Welsh assembly within the United Kingdom. A referendum on Thursday across the principality recordedss9,4l9people inftwour and 552,698 against having the first Welsh
      AFP  -  62 words
    • 231 6 CHICAGO Bloomberg THE Federal Reserve expects the solid pace of growth in the US to slow in the second half of this year and consumer prices to increase by year's end, said Michael Moekow, president of the Federal Reserve Bank of Chicago. "We expect the
      Bloomberg  -  231 words
    • 257 6  -  From Loh Hui Yin in Hongkong A PROPOSAL to set up an Asean monetary fond is desirable so long as it complements existing sound policies, deputy managing director of the Monetary Authority of Singapore, Teh Kok Peng, said yesterday. "The fund should
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    • 495 6  -  HONGKONG By( Quak Hiang Whai AMID the gloom and doom in the regional financial markets, Asean experts at an International Monetary Fund seminar here yesterday managed to see the lighter side. Bangkok Bank executive vice-president Plait Leeahtham likened public confMwnoa to
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  • Page 6 Miscellaneous
    • 141 6 TUB WEIT 1 Stnyqwret Hazy. Temperature (32-25) HVLo* Cm! rwipi wu* tai MmmHm W/Ut OmL Shows Amerdain IMB Shown u. n>l BMAok JitS Tstorm Ate* 28/16 Sway 17/W On* Cloudy Bertai 18/11 Shown Ctog» 1%/ M Cloudy loan 1&D8 (Toudy HohMi Vftk Qmi |*"f Itag 17/0# Clowfy L«A*ta 17/ M
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    • 22 6 DOOMBBBUBT By Garry Trudeau sg£V£,l"2a\ Issssssgsirl IggTlBBEl HtHZiZZSZ I rouHNPwe I I crmMK-immrAMP jfiZstSopucbav+#_\\ jHtfv- UuKAMtm/r f I mcmaTMsmaosNmoNf f^rzzLMsSnSw f PUSct
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  • COMPANIES & MARKETS
    • 502 7  -  More foods needed, heavy start-up costs expected to affect firm's performance By] Edmund Loh {SINGAPORE] Transmarco may have to ask shareholders for more money to finance its Sri Lanka telecommunications project, to .which it has already committed over US$5O million (5575.5 million) even though
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    • 318 7  -  By< Christopher Tan [SINGAPORE] Listed Tan Chong Sons will launch four completely new models at the end of the month an unprecedented move and one that will make it the franchise with the widest range here. The homegrown company intends to "spice up" its
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    • 630 7  -  HOCK LOCK SIEW Annette Pau WHEN Acer Computer International (ACI) launched its initial public offer two years ago, investors said that too little of a good thing was made available to them. As it happened, the IPO of
      630 words
    • 474 7  -  Buyers at soft launch of Paterson Edge pay $1,510 psf on average By] Diana Oon [SINGAPORE) SembCorp Properties sold more than two-thirds of its maiden residential project on its first day of launch. This was a result of the group's successful niche marketing
      474 words
    • 234 7 Hove fellows takeover by 3 doctors and an administrator [SINGAPORE] Plastics injection mould maker Asia Matrix, which was recently taken over by three doctors and a hospital administrator, has appointed four directors. They are consultant surgeon Ngoi Sing Shang, hospital administrator Anthony Mallek, consultant cardiologist Richard
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    • REGIONAL COMPANIES
      • 420 8 Underlying profit in 1997 expected to be Mow 1996; Jardine Fleming profit drops toUSs29m Bloomberg, Reuter, AFX-Asia [HONGKONG] Jardine Matheson Holdings Ltd, the flagship of the US$2l billion (5531.71 billion) Jardine Group, yesterday said net profit rose 32 per cent to US$2Bl
        Bloomberg,; Reuter,; AFX-Asia  -  420 words
      • 421 8  -  RAID O* SUMMIT By< Annette Pau [SINGAPORE] Lawyers for SM Summit Holdings yesterday appealed to the Chief Justice to quash the prosecution's three search warrants used in the raid on the compact disc maker, alleging they were based on "half-truths and lies". Senior counsel
        421 words
      • 187 8 [SINGAPORE] Mainboardlisted Times Publishing officially joined hands with Australian entertainment giant Village Roadshow yesterday through their subsidiaries to form Times Village Entertainment (TVE) which will distribute CD-ROMs and console games throughout the AsiaPacific region. The 50-50 joint venture formed between Times The
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      • 365 8  -  By] Diana Oon [SINGAPORE] Hongkong Land will continue to depend on earnings from its commercial properties in Hongkong as it expands its activities in Asia over the next three years, the group's managing director, Percy Weatherall, said yesterday. It will
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      • 240 8 AFX-Asia, Reuter [SINGAPORE) Conveyor belt maker Material Handling Engineering Ltd yesterday reported higher net profit in the year ended June 30 and proposed a one-for-one rights share issue. Net profit rose nearly 296 per cent at $178,000, or 0.9 cents a share, from
        AFX-Asia,; Reuter  -  240 words
      • 265 8  -  Froml Surinder Singh in Sydney SINGAPORE company Tuan Sing, which has already invested heavily in the hotel sector in Australia, has now moved into the commercial property arena with the purchase of an office building for A 16.505 million (517.08 million) in a
        265 words
      • 251 8 [HONGKONG] Hongkong based property developer Sino Land Co Ltd is expected to post a sharp rise in net profit for the year to June 30, on a surge in income from property sales, stock analysts said yesterday. The average market forecast for
        251 words
      • COMPANY Briefs
        • 107 8 [SINGAPORE] Mainboard-Listed Showpia Asia Ltd yesterday reported a 38 percentjump in interim group net earnings to $463,000 on a marginal 0.3 per cent fell in turnover to 161.1 million. Earnings per share for the tlx months ended June 30 roee to 0.6 cents from 0.4
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        • 59 8 [SINGAPORE] Superbowi Holdings' half-year net profit plunged 82.5 per cent to $585,000. Turnover fell 4 per cent to $19.4 million. Earnings per share fell to 0.36 cents, from 2 cents last year, while net tangible asset backing per shars rose to 40.86 cents, from 36J) cents
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        • 61 8 [SINGAPORE] Teck Wah Paper Products yesterday posted a loss 0f5362,000 for the half-year ended June 30 against a 1215,000 profit previously. Turnover fell 2.6 per cent to $3&3 million. Loaspef share based on issued share capital was 0.32 cent Net tangible asset backing per
          61 words
        • 128 8 [SINGAPORE] Nobel Design Holdings yesterday said first-half losses amounting to 1589,000 were a huge 94 per cent worse than the previous corresponding period partly due to the start-up costs of moving production facilities to a new factory. The company's turnover, however, roae 58 per
          128 words
        • 58 8 earnings for the six months ended June 90 plummeted 78J per cent to $114,0000n lower turnover of $10.4 million, down 13.7 per cent from the previous corresponding interim. Earnings per share fell to 0.2 oents from L 6 cents, while net tangible asaet backing per share
          58 words
        • 95 8 [SINGAPORE] Rotol Singapore posted a 23 par cent profit rise to $1.68 million for the half year ended June 90 despite, a 5 per cent dip in turnover to $12.57 million. Earnings per share on a folly diluted basis went up from 148 cents
          95 words
    • INTERNATIONAL COMPANIES
      • 616 9 Devaluations in region mean better growth opportunities, says Herro Bloomberg [NEW YORK] David Herro, one of the US' better performing international money managers, is looking to buy more stocks in South-east Asia even as other managers shy away from the battered region.
        Bloomberg; FILE PHOTO  -  616 words
      • 416 9 Investors worried about cost-blowout at iron ore project Reuter [MELBOURNE] Shares in Australia's biggest listed company, The Broken Hill Pty Co Ltd (BHP), plunged to a threeyear low yesterday after it reported weaker-than-expected earnings and a massive costblowout at an iron
        Reuter; Source: Bloomberg  -  416 words
      • 312 9 Bloomberg [TROY, Michigan] General Motors Corp's parts unit Delphi plans to sell three unprofitable businesses employing 11,300 people, or 6.3 per cent of its workforce, to focus on profitable products and spruce itself up for a public stock offering. The businesses to
        Bloomberg  -  312 words
      • 235 9 Bloomberg [BEAVERTON, Oregon] Nike Inc said fiscal first-quarter earnings increased 12 per cent, bolstered by strong sales of its shoes and clothes outside the US. Net income rose to U*****.1 million (Ss3B2 million), or 85 cents a share, in the period ended Aug 31, from
        Bloomberg  -  235 words
      • 257 9 This is almost twice the amount the company originally planned Bloomberg [HONGKONG] China Telecom (Hongkong) Ltd may raise as much as US$3.7 billion (555.6 billion) In Its Initial share sale, almost twice the amount it originally planned, according to a valuation of its shares
        Bloomberg  -  257 words
      • 143 9 Bloomberg [SYDNEY] Directors of Datacraft Ltd, a provider of telecommunications equipment and expertise, recommended that its shareholders accept the takeover offer by Dimension Data Australia Pty Ltd. "The offer price is higher than the shares ever traded prior to the announcement of Dimension Data
        Bloomberg  -  143 words
      • 162 9 (SINGAPORE] NEC Semiconductors Corp yesterday said its 100 million Malaysian-ring-git (Ssso million) new plant in Selangor, Malaysia, will triple production output of 16 megabit Dynamic Random Access Memory chips to three million units a month. NEC Corp produces 26 million 16-mb and 64-mb
        162 words
      • 319 9 FT (CHICAGO] Whirlpool, the large US home appliance manufacturer, is to restructure its worldwide operations, cutting about 4,700 jobs about 10 per cent of the workforce and selling its consumer financing operations. At the same time, the Mich-igan-based company, one of the two
        FT  -  319 words
      • 231 9 These will eventually transmit 1 billion bits of data per second Reuter, Bloomberg [SAN FRANCISCO] Intel Corp and Compaq Computer Corp said they formed an alliance to develop technologies for the design of faster computer networks that will eventually transmit 1 billion bits of
        Reuter,; Bloomberg  -  231 words
    • FINANCE & COMMODITIES
      • 276 10 It is working to strengthen balance sheet without govt support FT [PARIS] Credit Lyonnais, the French state-owned bank, is set to seek capital from outside investors in an effort to strengthen its balance sheet without government support. The bank could raise funds on
        FT  -  276 words
      • 186 10 FT, AFX-Asia [SAO PAULO] Stora, the Swedish forestry group, on Thursday announced a joint venture with Odebrecht, the Brazilian industrial conglomerate, underlining the trend towards transcontinental consolidation in the paper and pulp industry. Under the deal, Stora will buy SO per cent control of an
        FT,; AFX-Asia  -  186 words
      • 358 10  -  US lawyer sees rise in direct claims atfaingt Mttnimw officials in Asia By Soh Tiang Keng [SINGAPORE] The US litigious experience can serve as a useful textbook for Asian countries in their study of problems and issues on directors' and officers' (D
        358 words
      • 274 10 Bloomberg [NEW YORK] Bankers Trust New York Corp said it's not in merger talks, after takeover speculation drove its stock up as much as 13 per cent. "Bankers Trust is not engaged in discussions or negotiations about a business combination with any firm," the nation's
        Bloomberg  -  274 words
      • 437 10 USft/mark: The greenback started the week on a weak note, dipping to a low of 1.7555 on Monday before regaining ground to a high of 1.7835 on Thursday. The unit was seen trading around 1.7795 yesterday morning. Strong resistance is seen at 1.7870. A breach
        Source: DBS Bank  -  437 words
      • 278 10 ENERGY REPORT Reuter [BAGHDAD] Iraq has exported about 18 million barrels of crude oil from its port on the Gulf under the second phase of its oil-for-food deal with the United Nations, an Iraqi newspaper said yesterday. "The number of supertankers arrived in
        Reuter  -  278 words
      • 147 10  -  MSCI TAIWAN FUTURES By Ptrry Gilbert By Perry Gilbert, vice-presl-dent, Refco Singapore (SINGAPORE] The Simex MSCI Taiwan Index futures contract rose yesterday on strong institutional buying in the September contract The main buyers were Daiwa Futures, Refco Singapore and ING Futures Options. Retail Taiwan selling
        147 words
      • 204 10 Bloomberg [NEW YORK] World platinum prices rose on expectations that exports from Russia, the second-largest producer after South Africa, will continue at their current low rate, dealers said yesterday. Russia will export approximately 750,000 ounces of platinum this year and next year; according to CPM
        Bloomberg  -  204 words
      • 259 10 Reuter THE US dollar was tradiifjg within a narrow range in a session sporting a "wait-and-see" attitude ahead of a Group of Seven (G-7) meeting in Hongkong today. At 1210 GMT, the dollar was trading at 1.7813 marks against 1.7771 on Thursday evening and 121.65 yen against Thursday's
        Reuter  -  259 words
      • Article, Illustration
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    • 1311 11 BOflM FUTUMS Sept 1 a BMOCIMM* <**««•* UQim) I aoicwmcTawMitf am yum opw Mtfc H U» Sttt (town) Mtamt Oct 97 0X25 750 J** 137 JO 2390 Ttacf7 ***** 1850 Jan/Mar 98 MOSO 5760 *rt«96 8400 8410 MWtt 8000 <58.00 SOOO 80 4850 v v IS3 3 CONTRACT
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    • 1757 11 v -~Xh tmm *h AB Ports *****0 *1400 AMay National 892 -tl ANed Domecq 477.800 -10.400 Amec 152.400 unch AsdaGroup 153 *1800 •AT M S28 -3.400 •GPIe 283 *i MCC 148.400 -1 SOC Group 1137 30.800 BWPeUmaian 908.400 *1400 •TW 240.400 *1 Bank of Scotland 45X400 -1
      1,757 words
    • 1541 11 AFP QNikuis ♦nam JAPANESE share prices closed 0.7 per cent higher yesterday, supported by gains in international blue chips on the yen's decline against the US dollar, brokers said. "As investors were concerned that the yen might be forced to strengthen at the G-7 (Group of Seven) meeting, the
      AFP  -  1,541 words
    • Article, Illustration
      1581 12 Bloomberg Q Hug Seng -3532 1 •STOCKS closed lower yesterday, as Cathay Pacific Airways slumped amid concern low tourist arrivals to the territory will erode its earnings. Cathay, Hongkong's biggest long-haul airline, this week said that tourist visits to Hongkong fell 35 per cent in July alone. Last month,
      Bloomberg  -  1,581 words
    • Article, Illustration
      632 12 Reuter nStetoißlaig +&23 THE Shenzhen B share market closed higher yesterday, but trade was dull as concerns over a new law on securities crimes and a lack of details on new economic policies pushed most investors to the sidelines. The B Index gained 0.23 point to 134.08 on turnover
      Reuter; Source: Credit Lyonnsis Securities(Asia) Ltd  -  632 words
    • 374 12 AFP PWPhla ♦ltt3» SHARE prices rose yesterday on strong buying sentiment prompted by President Lee Teng-hui's return from a successful trip to Latin America. The Weighted Price Index rose 102.38 points to. 9,243.71. Turnover was 1.7 billion shares worth NT1121.3 billion. Risers beat falls 233 to 164, with 156
      AFP  -  374 words
    • Article, Illustration
      692 12 AFP POwMwateliidei *CBl SHARES rose yesterday, on buying interest in dollar earners and cash-rich stocks. "Basically, the only people making money are doing oneday trading," said a dealer, adding that fund managers and institutional investors were staying away. She said that volumes were low with the weakening of the
      AFP  -  692 words
    • Article, Illustration
      824 12 AFP P SET Mm ♦LK SHARE prices closed higher in thin trade yesterday, with investors sidelined ahead of political turbulence expected next week. An analyst said foreign investors, whose participation will be necessary to put some life back in the local bourse, will be waiting for signs of economic
      AFP  -  824 words
    • 280 12 AFP HtturiU *<6.72 SHARE prices rose 3.4 per cent yesterday in a technical rebound after a downturn that has lasted more than a week. Many analysts warned however that the trend could be short-lived as investor confidence is still affected by political uncertainties. The Composite Index rose 68.72 points
      AFP  -  280 words
    • 407 12 AFP QOnipoflte Index ■1123 SHARE prices fell yesterday as sentiment turned negative after the local currency fell below 910 won to the US dollar. "The won's plunge below the 910-won resistance level was the reason for today's steep fall," an analyst said. The Composite Index lost 12.23 points at
      AFP  -  407 words
    • 588 12 AFP PmOrflMriw +3H STOCKS rose yesterday, as National Australia Bank roared ahead, compensating for a poor show by BHP. "What happened today is incredible, to see the market up and Biff going in the other direction," a trader said. The All Ordinaries Index gained 34.1 points to 2,730.4. Turnover
      AFP  -  588 words
    • 245 12 Bloomberg HWeflm&ton »2UO SHARES reached their highest levels since before the 1967 stock crash yesterday. The NZSE Top 40-share Index rose 21.90 points, to 2,575.65. Within the index, risers outnumbered falls 32 to eight. Bloomberg «a rmm AN2 Booking 12.46 *0.26 6769* MVMtMM HWfl» 0.89 0.02 51*1724 Air Nn
      Bloomberg  -  245 words
    • KUALA LUMPUR STOCK MARKET
      • 7304 13 Cmmnt prefects <MT Lm4 Vof Day Not Cap MH» l«ar Ciawaai Mt •OBO HMh tew P/t f MO 400 AJkiomoto 450 24.9 1*2.4 448 231 An«kas* 272 unch 42 272 268 *1 4011 MS 370 ApoBoFdddHI* 555 20 63 SS5 S3S 1*1 222.0 745 372 Bdrtaydland 498 18 24 498
        7,304 words
      • 274 13 AFX-Asia QOnpoouMn +LM SHARE prices closed slightly higher in volatile trade yesterday as bargain-hunting offset continued foreign selling amid concerns over the direction of the economy and the Malaysian ringgit, dealers said. The KLSE Composite Index was up 1.16 points at 787.84. Turnover was 282.6 million
        AFX-Asia  -  274 words
    • WARRANTS & OPTIONS
      • 3338 14 1997 Last VI Oa* Last Quota Avg U» Mm Cihwy m» *or- roooi wo U» tor —m Wa U 303m~3000 m AM 06 C5.5H*****6 31 81 4t3 3160 *AcarW0»731USS 52 -1 35 533 52 5L5 52 131 43 3164 AcimW0K>724 -4 36 49.5 O.S 46.5 49 54 53 26 3161
        3,338 words
      • 224 14  -  WARRANT WATCH By Ven Sreenivasan THE biggest percentage riser on the local bourse yesterday was the thinly traded warrant of Republic Hotels Resorts. The instrument ended the day 30 per cent, or nine cents, higher at 39 cents on a volume of just six
        224 words
    • 1956 14 Or Or 1997 Laat Vat Oar WWl Ik Ik DM M MCap MN» L— Km Csmpiny kMa *h fOW H» L— 6f*r 9a6*r Or W I— 478 M7 mt5000 AIS6S0C 202 -3 I9T 210 200 201 209 iO U 04 W 2072 137 54 mi 5001 AMOS50c 615
      1,956 words
    • STOCK EXCHANGE OF SINGAPORE
      • 599 15 1 TDMOfflflL mtM TAIWfWtt* "W Til ™f T rr «s b)« ini nu! ttJMS WW 4m MUM Itl.tn MM fc 1., 11 it ing sr j ii j h< •MiiMitMl I L •MmStwwtmtM* ■TOt/OS -M -144 ttCAOl -23S2S 55 ITIMirlU 1317* -33 T OSV -QMtl sa •res- Ijjg 1| fee
        599 words
      • 4994 15 Or Or M Wt 1997 Last Vat Day Last Ouata M* 01* VM Nat Ca M M>» L— UNI C—ipa«r fan fOOO) H6g» Law Owyar SaOar CV W >■* Prtca .v v .h V 1ST 02 1020 ACE Dynamic i60c 02 -03 20 03 02 02 82.3 -X3
        4,994 words
      • 957 15 Or Cc M Wt •*•7 kMt VM On LMtgwto Ok Mi n M Cm A*« k» mm ciwpn %m rooo» <•» L— 9tt m» cw nk friimw 186 76 2000 AMHMftSc 139 H 1237 139 130 136 IN 1.0 6.0 0.1 IMA 613 149 412 144 204* AS Auto
        957 words
      • Article, Illustration
        58 16  -  -Ifl Ven Sreenivasan MAGNUM CORP, which has been on an inexorable decline since the beginning of the year, is deep into oversold territory both on the shortand medium-term technical charts. The stochastics point to an imminent turnaround. But it has to break past the key $1.60 resistance leuef
        58 words
      • 661 16  -  STOCK MARKET COMMENTARY Volume remains thin as market players adopt wait-and-see attitude amid currency woes and ahead of release of domestic export data By Ven Sreenivasan [SINGAPORE] Stocks here and in Kuala Lumpur stabilised yesterday after having slid all week. However, volumes remained
        Chart info from Bridge  -  661 words
      • 213 16 Stocks VotaM •WiBCapBh# 14,028,000 *ftekapaciflc Bh 7,676,000 SM Summit 10c 7,388,000 Hotung Inv NT5 6.469,000 •RHB Cap Wt99 6^36,000 D*yf US5c 4,861,000 *Ber)aya Grovp 4,655,000 HXLandUSIOc 4,370,000 Asia Food&Prop 4,230,000 IPCCorpnB 4,199,000 Stocks > •1MB Cap BM .-JL 28,278,750 SJA Foreign 20,893,168 City PtvSOc 17,586,650 0U8 Foreign 16,420,124 HKlMiUSIOc 14^231,552
        213 words
      • ON THE GRAPEVINE
        • 124 16 THERE was hectic trading in a certain dealing room of an international bank at Raffles Place yesterday. We understand that the positions bought and sold were not tor bonds or currencies, but for the 7 pra Pollutant Standards Index (PSI). Trading range was between 180
          124 words
        • 192 16 REMEMBER the story yesterday about the computer entry error which threatened to cost a broking house over HKSGOO million (Ssl 17.6 million) on one index futures transaction in Hongkong? It happened when a trader keyed in a sell order for 3,398 lots of Hang Seng Red
          192 words
        • 103 16 BRITAIN'S Eagle Star Reinsurance earlier this week opened its Asian regional office In Singapore with a difference. Instead of holding the usual cocktail party for its guests, Eagle Star Re staged Showstoppers, a slick three-hour entertainment presentation with singers and dancers specially Down from the
          103 words
        • 125 16 HERE'S the second instalment on "caimed" market remarks that we highlighted yesterday. With the non-oil domestic figures about to be released soon, some analysts may And this batch useful. What can one say when the Singapore market goes down despite good trade figures? Use this: "Singapore down
          125 words
  • Page 7 Advertisements
    • 120 7 The Hilton-British Airways Playhouse t presents Gerald Harper Jane How Pamela Cundell Sarah Alexander in William Douglas Homes' A Greatest Comedy Success... I 111 J 1 XAV M W /"Gerald Harper is superb\ I V the quintessential man!"J sophisticated and Uft 0^3)1.1 extremely witty" Vlj J, 11" The People II
      120 words

  • Page 8 Advertisements
    • 171 8 Wb have highly qualified weßexperienced Foreign Professionals/Skifled available: IT Professionals Afech/Civil/Eledrical Engineers Accountants/Auditors Administrators Telemarketing 1 Skilled Workers Above Resumes CV's are available on request I Gbonhams L E RUM MONDAY, SEPTEMBER 29th, AUCTION OF lodojEnropcm, bdwwAa, Singaporean, Vtetnamcat and Phihppineaan printingi SATURDAY, OCTOBER 4th, AUCTION OF Chinese porcelain, Chinese
      171 words
    • 11 8 Today in Lianhe Zaobao Mr., tep k mVHb (IK) iTWg« *****77
      11 words

  • Page 9 Advertisements
    • 71 9 Bar INTERMEZZO The effect of explosive music. Entertainment at the Intermezzo Bar takes on a new form with the introduction of MALOU. Allow her powerful repertoire of yesterday's favourites and today's hits to blow your mind away. Listen and feel the effect. Weekdays: 1900- 2400 hours Weekends and Eve of
      71 words



  • Page 12 Advertisements
    • 45 12 MEROEN /HOTELS IN ASIA-PACIFIC: BALI BANGKOK ISLE OF PINES *96 r _T" y (~J Jakarta koh samui medan 99 Melbourne new Cjß DELHI NOUMEA TAHITI PHUKET PORT VILA |T bora bora 98 saipan 99 Singapore Singapore -rj il CHANGI THE GOLDEN TRIANGLE TOKYO TOKYO II
      45 words

  • Page 13 Advertisements



  • Page 16 Advertisements
    • 488 16 BUSINESS A o/ices Io ;i<l\crtisu u;ilI tnll-lrtT IXOO-741 INN 3 I IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF BRIXHAM TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FRML MEETING 'NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap.
      488 words
    • 394 16 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE (Companies Winding Up No. 189 of 1993) IN THE MATTER OP THE COMPANIES ACT (CAP. 50) AND IN THE MATTER OF HATARI (F.E.) CO. PTE LTD NOTICE TO CONTRIBUTORIES OF MEETING Notice is hereby given lhat a meeting of die contnbutories
      394 words
    • 473 16 KABUKI HOLDINGS PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final Meeting of the members of the abovenamed company will be held at 7500 A Beach Road #16-322 Th«J Plaza Singapore *****1
      473 words
    • 384 16 THE COMPANIES ACT (CAP. M) RIAU DEVELOPMENT AND MANAGEMENT PTE LTD (MEMBERS' VOLUNTARY WINDING UP) NOTICE is hereby given that creditors of the abovenamed Company which is being voluntarily wound up are required on or before 22 October 1 997 to send in their names and addresses with particulars of
      384 words
    • 55 16 Buy It. Sell It. Find It. Classified. cS| Call Today For Results Tomorrow. 180(^*****66 Cant Keep your house in order? If you are having problems with clogged pipes, over-grown gardens, pest infestations, poor TV reception, worn-out fittings and furnishings... Get a quick fix. Seek help from the Classified, Home Needs
      55 words

  • EXECUTIVE Lifestyle
    • 1108 17  -  Besides jewellery and watches, the rich in Bangkok have been leaving their mobile phones, bottles of XO and even gold fillings at the pawnbroker's. Caught in the cash crunch, the Thais are adjusting to the new economic realities and cutting back on luxury goods and
      PHOTOS BY SUKREE SUKPLANG  -  1,108 words
    • STRAWS In The Wind
      • 87 17 EAGER to immerse themselves in the "buzz" that Hongkong's money men supposedly created over drinks at trendy pubs, two Singapore stockbrokers were seen heading towards Boat Quay for one of the crowded watering holes there. But there was a snag. Stockbroker one asked: "Where would you like
        87 words
      • 81 17 CONSIDER yourself lucky if you work in an environment where strict dress codes are not enforced and snacking is not frowned upon. We are told that employees in one large organisation here aren't so fortunate. They are fined for eating in the office, even if it's just a
        81 words
      • 78 17 PUBLIC relations consultancies are supposed to help their clients leave a favourable impression on the media, but one local firm showed it was only willing to go so far. After waiting half an hour for a foreign newsmaker to turn up for an interview, a reporter
        78 words
    • PROFILE
      • 1151 18  -  Western-trained violinist Lin Cho Liang talks to ben mummob about his growing appreciation of his Asian roots and about the kind of critics whose praises he accepts with a pinch of salt BEN MUNROE The dapper violinist, neat in simple black-and-white, strides up
        SIEW YAW HOONG  -  1,151 words
    • BOOKS
      • 944 18  -  INTERVIEW ■arc BeDanee is passionate abent Umbib art aid tows dear beuiarioi between fißHunßrnahfßn aii creativity in a work By\ Sian E Jay "I AM only interested in artists who see art as carrying g responsibility," says Marc Bollansee, who has spent the past
        944 words
      • 659 18  -  REVIEW By Marc and Thnee Bdttkms, 1887 173 pagM, $87.88 By\ Sian E Jay THIS IS a book written about art for art lovers. Don't expect to find a long, detailed explanation of how modern art developed that's been done before. This book
        659 words
    • PURSUITS
      • 793 19  -  Tiles of ancient and natural materials find places in modern homes, writes coßimn: CORINNE KERK TWENTY years ago, mosaic tiles were the choice materials used to grace many homes. Then came terrazzo, marble and a host of other alternatives. Along the way, granite, ceramic
        793 words
      • 1048 19  -  ANTIQUES 19th century Europe finds its way to this region via Toulouse Antique Gallery, sister of Hollywood's antique shop to the stars By] Ben Monroe WALK into Toulouse Antique Gallery and you know what Ali Baba must have felt like when he said "Open Sesame" and
        1,048 words
    • 584 20  -  CINEMA By\ Shahiron Sahari FATHERS'DAY is a tame, lightweight vehicle that only serves to remind us of what the world of stand-up comedy has lost now that Billy Crystal and Robin Williams have decided to concentrate on making funny movies. Not just straight-out
      584 words
    • 854 20  -  CINEMA Ttee are thrills and spills galore, but with an overworked formula, Air Force One fails to break new ground By I Susan Tsang A TERRORIST group takes a plane hostage, leaving only one passenger still at large to save the day. Sounds like Die Hard
      854 words
    • 633 21  -  NIGHTSPOT A fiery band with an international make-up, a cigar in jmiyl ami smiling ffarAg all round make Mambo Kings a nlace By. A Surendren WHEN I was a kid, I hated the song Guantanamera, popularised by the Sandpipers. I still hate it. But last
      SIEW YAW HOONG  -  633 words
    • Article, Illustration
      375 21  -  Compiled by M Yasotha COlfCBET The Three Chinese Tenors Chinese tenors Wei-Li Xing, Hao Zhou and Xie Kun will be performing arias from Mozart's Seraglio, Bizet's Carmen and Puccini's La Boheme, along with Chinese folksongs like Alia Mohen and Jasmine Flower. Not forgetting Puccini's Nessun dorma, of course.
      375 words
    • EPICURE
      • 801 22  -  Stepping into Paulaner Brauhaus' new outlet in Orchard Road is like a trip to Germany's Black Forest in winter. In between sips of beer to warm the body and soul, cmummbkerk savours a selection of dishes CORINNE KERK YOU'D better believe it when
        801 words
      • 190 22 FOOD YOU'D think that eating abalone was a simple matter. Not so when it's at Man Fu Yuan Restaurant. This Cantonese restaurant at the Hotel Inter-Continental is promoting a special abalone menu from now until Oct 15, and is
        190 words
      • 613 22  - Dining —Hollywood style FOOD At the Foot Seasons Hotel yoa can sip wines from Coppola's estate and dine on food concocted by chefs who cook for the likes of deNiro and Spielberg By I Corinne Kerk YOU WANT to be seen in the same restaurants as those patronised by the
        613 words
      • 879 22  -  WINE By] N K Yong AMIDST the rush to buy high-scoring wines (95 to 100) the intrinsic quality of the wines is often overlooked. For many reasons insufficient knowledge, no time or no energy to research the wines, or buying because of the label
        879 words
    • Article, Illustration
      782 23 Air Faroe One. Harrison Ford stars as US President James Marshall in this tense, overly-patriotic drama, which stretches credibility to the limit. When the presidential plane is hijacked by a Russian terrorist (Gary Oldman), there is only one man who can save the day, America and the whole of
      782 words
    • 109 23 fcttoyOn Cathay 338-3400 Eastsbore 346-1816 Ptcturehouae 338-3400 Yangtze 223-7529 ■■gVak Empress 777-6867 Jubilee 464-1640 Mandarin 292-9401 Marina 338-9719 Whitesands 586-1782 Bedok 443-2406 Btshan 363-8886 Boon Lay 792-2788 Broadway 454-9394 Majestic 53:1-9032 Marina 3:17-9488 Pavilion 786-5788 TampinesB 786-5788 Tiongßahru 274-6588 Yishun 257-7848 Clement!/ Cwealth 777-0669 Golden/New Town 298-5466
      109 words
    • TRAVEL
      • 1358 24  -  Belize now where on earth is that? Indeed, the main challenge for visitors is not what to do in the country, but how to get there, says msß&Lum NYASHA LAING ASKABelizean where Belize is and he'll tell you it's where you go when you want to get lost.
        1,358 words
  • Page 17 Advertisements
    • 12 17 f* JKnttSfUk IrfSSUTB \*f M|t7 European Jw antiques from the 19th century
      12 words
    • 45 17 Travel Destination Nowhere EL 8 I 4 e Classified ads can get you stereo equipment for a song. No matter what it is, you can always buy it, sell it or find it with the Classified TOLL FREE 1800-737-1166 |cAT.sj Call Today For Results Tomorrow. ✓->
      45 words



  • Page 20 Advertisements
    • 51 20 My hubby can walk into -ttiese ■two jobs. No handicap afc all. I 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 Derita ha wan Dewta minggu W Singapore Press
      51 words
    • 91 20 I I y //111 Tim* ..w 0 ««inHi i i Tt l^ listinss are significant milestones andjt fewthe company's advantage to build h happy ia iMWareness of Its corporate identity, flAwiU and reoutation before its K ana repuiauQn oerore its m 1° pwspsr, while ihh Uriiied St.:: 'i3BiSBF» f: ou
      91 words

  • Page 21 Advertisements
    • 839 21 Where to wine, dine dnd entertain*** %%**s£* personal *****45 That better way to celebrate a great week than Sunday Brunch at The Cafe-in-The-FVrb? Enjoy the finest Crunch and service at only $28* I per adult (only $14" (or the kids). Then toa«t your good fortune with Gold Sekt Champagne, each
      839 words
    • 70 21 24-hour Coffee House Ist floor The Chicken Rice Capital Of The World 333 Orchard Road, Singapore *****7. Tel: *****11 a 1 J_ I ►The new Phoenix Garden Cafe is now open 1 Right in the heart of Orchard Road > Popular Buffet Lunch, High Tea and Dinner ►Two function rooms,
      70 words


  • Page 23 Miscellaneous
    • 1826 23 TODAY'S TV 340 Caroline Her RBOOmCBMPBD VUBWIMQ Friends. Orlfi mnn family from hell. What will S"22SXJZ De *5 SuSST"' Illdll Bart and the rest of the Lao CoedTralnUi& Taman Sesame, out gang do when Homer and *00 World Games-Lahti 1997. I 5 30 Kaanbom Karpom. Mr Burns find themselves Swimming:
      1,826 words
    • 265 23 RADIO Adaptlag Attitadeo, BBC, series takes its title is the Satarday, LSOpat story of a drug-user coming to While the parental instincts of terms with her life on childless Western couples returning home after a may be aroused by starving or three-day absence—a period rejected babies in Central in which
      265 words