The Business Times, 11 October 1997
1997-10-11
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The Business Times
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Title Section14 1997-10-11 1 THE BUSINESS TIMES MITA (P) 023*12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, OCTOBER 11-12,199714 words
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Article30 1997-10-11 1 Q ML* (+39.78) IjHr ■iifWTteciil bi sBniSaL- bm>ZZ^UI 1 JAKARTAOOMP —JK7& +IU4 MANILA OOMf r,H0f<t I TAffHWTl Ami SHOUL COMP MM **M I CU5ACHINAB mm BO* tt 130 words
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Article22 1997-10-11 1 mm ua .«2 j W~i£ MP8 SSrr 1^^ —I I»3 mWCQB 1 *|0NDOlu-~.. E5S4mp»3 »»«£~—.6.25 NEWYORIL- 8J« I (Source: NatWest Bank)22 words
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Article, Illustration544 1997-10-11 1 Diana Oon - One new charge for cheating and three for corruption; pre-trial conference on Oct 29 By\ Diana Oon (SINGAPORE! The Kumar brothers Raj and Asok, better known as the Royal brothers, were yesterday slapped with additional charges of corruption and attempted cheating, which carriesARTHUR LEE - 544 words
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806 1997-10-11 1 S N Vasuki - Central bank to meet foreign creditors as early as next week From S N Vasuki in Jakarta FACED with growing international concern about the health of its banking system, Indonesia yesterday pledged that it would soon implement an action plan to revive the battered806 words
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384 1997-10-11 1 Bernama [KUALA TRENGGANU] Malaysian Prime Minister Mahathir Mohamad said his government suspects the Jews, who are not happy to see the Muslims progress, of having an agenda. Dr Mahathir said the government was not accusing the Jews of making speculative attacks on theBernama - 384 words
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Article, Illustration477 1997-10-11 1 Annette Pau - Uraco to raise stake to 5X24% through new shares in GAM By* Annette Pau [SINGAPORE] Listed precision engineering company Uraco Holdings yesterday proposed a $48 million rescue of troubled CAM International by buying 240 million new CAM shares at 20 cents each. HieARTHUR LEE - 477 words
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Page 1 Advertisements
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Advertisement105 1997-10-11 1 00 with a bug Nat Steel Electronics, the year's biggest IPO to dais, dosed at a 68% premium above price of nil its business here and its trademark in Sbgapore. Malaysia aiy} I Brunei have drawn little k I. ja" 11 j interest trom retailers, sources say, F|2 drawing crowdsof105 words
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Advertisement173 1997-10-11 1 DICKSON WATCH JEWELLERY(S) PTE LTD I A M owned wbuWy of DCKSON CONCEPTS (MTERNATONAL) LIMITED I AitkdritW Daalavat DWni Watch JawaUary Grmm4 Claaalc Tafc tSUMt Cacti.. Watch Ca.tr. Tafc NMIII Chaw Clmf Watch Caatra Tafc TUMI Tha Prewana* Tal TttMOO Naw Bn4ga Raa4 Lucky Rasa Rafflaa Citj Wiama Atria Skw173 words
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SINGAPORE AT HOME & ABROAD
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600 1997-10-11 2 Jenny Lam - But retailers are eyeing its sites in Parkway Parade, Thomson Plaza By Jenny Lam YAOHAN Department Store Singapore's attempts to sell its business here and its trademark in Singapore, Malaysia and Brunei have not drawn keen interest from retailers here, most of600 words
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485 1997-10-11 2 Ronnie Lim - Far-sighted ones will still come to Asia: Brazil's ambassador By] Ronnie Lim WHILE the regional currency crisis has scared off some Brazilian investors, other more far-sighted businessmen are still interested in Asia as they see the longer-term potential, Brazil's Ambassador to Singapore Ruy De485 words
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257 1997-10-11 2 Teh Hooi Ling - By Teh Hooi Ling NATIONAL Computer Systems (NCS) and Self Serve USA, which have joined hands to offer an electronic commerce service to merchants in the region, aim to secure 100 customers within the next 12 months, company officials said. And the partners,257 words
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Article, Illustration409 1997-10-11 2 Conrad Raj - Start asking what implications are: Boon Hong By Conrad Raj THE National Trades Union Congress (NTUC) yesterday voiced its concerns over the impending reshaping of Singapore's financial services sector as a result of greater liberalisation, new technology and the possible merger of someFILE PHOTO - 409 words
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306 1997-10-11 2 Annette Pau - By, Annette Pau STOCKBROKING house Soc-Gen-Crosby Securities is bullish on the local electronics sector, projecting earnings growth of 17-23 per cent for listed electronics companies next year. Speaking to reporters at a sectoral briefing, SocGen's research manager Pearly Yap said: "We expect306 words
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Page 2 Advertisements
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Advertisement76 1997-10-11 2 1 V > I //m mi C til S i I f i > 1 /II t' *****1«/ (t' <>//;< lliili I I 1 /V I yv-V/.I M < < .i, i h. t ii i, I i \jj II I j i i s 2 r "'f 4 f76 words
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Page 2 Miscellaneous
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Miscellaneous341 1997-10-11 2 THE WEATHER Slightly hazy. Showers are expected in the afternoon mainly over northern Singapore. Temperature (32-26) flOi BVU» CM Wai if HVLo* OmmL IMHM HVU* Oa& AacUai I*ll Owfar Uliiia 14/11 Htm n [mu lM JTM Atai fi/14 Ctad> Cloa* NN 14* Sway Bail ***** Skmn Okam tJ/t» Ckmfy Baabqr341 words
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Page 3 Advertisements
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Advertisement545 1997-10-11 3 l The Shing Kwan Group of Companies is pleased to announce the Grand Opening of the World Trade Center, Colombo, Sri Lanka by Her Excellency Chandriha Bandaranaike Kumaratunga, President, on 12 October 1997 at 11.00 am S.P. TAO Chairman, Overseas Realty (Ceyion) Linked Cluawuu. Sbmg Kwaa Group of Companiri With545 words
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FOCUS: PERSONAL FINANCE & INVESTMENT
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BULL'S EYE
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Article, Illustration622 1997-10-11 4 Figure* denote number at respondents Tboae polled for their views on the Singapore stock market outlook for next week were Daiwa Securi ties. Deutsche Morgan Grenfell. Fraser Securities. GK Goh. ING Barings. Kim Eng Securities. Phillip Securities, Indoeuez WI Carr Ci hi I Inn Technology ♦(Maintain Buy)622 words
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Article, Illustration391 1997-10-11 4 Patrick Tan - By Patrick Tan By Patrick Tan Investment Director Rothschild Asset Management Singapore FORGET about the Asian miracle. Instead, how about a miracle of Biblical proportions to pull Asia out of its current quandary, you may ask. What started as an isolated problem in Thailand somehow metamorphosed into391 words
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Article695 1997-10-11 4 Shiv Taneja - S'poreans are taking educating themselves on investment options very seriously, say fund managers By'. Shiv Taneja [SINGAPORE] TILL a couple of years ago, investment seminars were a rarity in Singapore, and for the few that were held, if 50 to 100 people showed up they695 words
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474 1997-10-11 4 Caroline Meakin - Changes may occur affecting investors' original assumptions By Caroline Meakin [SINGAPORE] OUT of sight, out of mind is not in the vocabulary of an investment manager. A lot of background work goes into constructing an investment portfolio with little time to put your feet up.474 words
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361 1997-10-11 4 Shiv Taneja - By Shiv Taneja [SINGAPORE] From this month, we are introducing the Micropal Star Ratings along with the monthly table of unit trust data which is compiled for BT by Micropal, the UK fund monitor. What are these star ratings, how do they work,361 words
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Article1118 1997-10-11 4 Source: Micropai mni um i n i mwm -ojt a -iut a «m a -vjt a tmm 1 OCBC Savers Capital 27*4/87 -144 8 -214 9 2517 9 -2317 1171 7 63A4 3 OUB Union Singapore 17*4*80 1.89 I -I4.56 5 -15* S -1016 4 -28*1,118 words
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Article, Illustration420 1997-10-11 4 Al Labita - EYE ON THE REGION: THE PHILIPPINES With no sign of the curacy crisis easing, the Phisix Index is likely to sink deeper Froi Al Labita in Manila THE plight of Philippines stocks is no different from that of other Asian bourses: bottomless free falling, regionaldriven and rumour-prone.FILE PHOTO - 420 words
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Page 4 Advertisements
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Advertisement30 1997-10-11 4 B^kW to Basics Th is is the sixth in a series of twelve articles discussing investing fundamentals The writer is manager of private client portfolios at Schroder Investment Management Singapore.30 words
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REGION
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391 1997-10-11 5 TOKYO Be believes recovery will take 2 to 3 years and fundamentals remain very good AFP, Bloomberg, Reuters THAI Prime Minister Chavalit Yongchaiyudh ended a three-day official visit here yesterday confident his country's beleaguered economy can rely on Japan to aid itsAFP,; Bloomberg,; Reuters - 391 words
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270 1997-10-11 5 JAKARTA AFP SMOG blotted out the sun and stopped the ceremonial lighting of the torch for the Southeast Asian Games which starts here today. The flame was to have been lit by a huge magnifying glass. But organisers waited for 30 minutes forAFP - 270 words
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Article, Illustration434 1997-10-11 5 Harish Mehta - BANGKOK Thai officials sought his support last month in boosting investor confidence By) Harish Mehta BILLIONAIRE currency speculator George Soros will not invest heavily in Thailand's stock market because there are government restrictions on repatriating profits. Mr Soros was approached by Thai officials at last434 words
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338 1997-10-11 5 BANGKOK AFP THAILAND'S wounded economy has sunk to its lowest point in 20 years and will slip further unless Premier Chavalit Yongchaiyudh steps aside to settle the political turmoil, a risk analysis firm said yesterday. The Political and Economic Risk ConsultancyAFP - 338 words
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317 1997-10-11 5 S N Vasuki - JAKARTA By I S N Vasuki INDONESIA'S central bank governor yesterday met chief executives of the country's top 60 companies to come to grips with their mounting offshore debt problems. Sudradjad Djiwandono told a press conference later that the government would not bail out317 words
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164 1997-10-11 5 SINGAPORE Reuters THE Monetary Authority of Singapore (MAS) said yesterday it will consider any request for financial assistance from Indonesia. "The MAS would consider any request for financial assistance from Indonesia when we receive such a request," an MAS spokesman wrote in replyReuters - 164 words
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Article, Illustration874 1997-10-11 5 Meera Tharmaratnam - KUALA LUMPUR What they want are measures to slow down economy, tackle current account gap By. Meera Tharmaratnam FOREIGN fund managers are looking towards the 1998 Malaysian budget for measures to slow down" the economy and tackle the widening current account deficit,FILE - 874 words
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Page 5 Advertisements
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Advertisement11 1997-10-11 5 A Making smart education choices begins with The Straits Times _jsj_l11 words
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Advertisement20 1997-10-11 5 It's a joy using The Straits Times Classified to find the ideal escapade for my family, a 'Ay pf CAXSL20 words
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REGION/WORLD
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581 1997-10-11 6 WASHINGTON Remarks stabilise markets after Greenspan warns of unsustainable growth Reuters FEDERAL Reserve vice-chair Alice Rivlin said on Thursday she saw few signs of US wage pressures, helping to stabilise financial markets a day after Fed chief AlanReuters - 581 words
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441 1997-10-11 6 Lu Ning - SINGAPORE Qualified firms will be able to keep apt© 15% of earnings By Lu Ning CHINA yesterday released details of a new foreign exchange rule that allows large domestic enterprises to keep part of their forex earnings in hard currency accounts. According441 words
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148 1997-10-11 6 BEIJING AFP CHINA is formulating a law to protect Taiwanese investments in the Chinese mainland, the official Xinhua news agency said yesterday. It gave no details apart from saying that the law will include specific clauses covering registration and temporary residence permits for Taiwan businessAFP - 148 words
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Article, Illustration43 1997-10-11 6 [PARIS] A model sporting a one-piece swimsuit as she floats in a huge plastic water bubble on Wednesday during a show at the Galeries Lafayette department store in Paris. Presentations of the Spring/Summer '98collections will begin on Monday in Paris. AFPAFP - 43 words
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Article355 1997-10-11 6 MOSCOW AFP MICROSOFT chairman Bill Gates and Russian First Deputy Prime Minister Anatoly Chubais discussed the prospects for Russia to expand its use of the Internet and other information technology here yesterday. Mr Gates told Mr Chubais, a standard-bearer for market reforms and architect ofAFP - 355 words
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456 1997-10-11 6 WASHINGTON Bnt excluding tobacco and cars, the core rate rose just OJ% Bloomberg PRICES paid to US factories, farmers and other producers rose for the second time this year, climbing a larger-than-expected 0.5 per cent in September, as gasoline prices surged.Bloomberg - 456 words
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320 1997-10-11 6 WILLIAMSBURG. Virginia Reuter LEADERS of the largest US corporations generally are more worried that economic growth could slow than about a potential overheating, despite official data showing the economy has been growing strongly. A survey of members of the Business Council showed on ThursdayReuter - 320 words
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276 1997-10-11 6 SYDNEY AFP AUSTRALIA is to seek an explanation from the Malaysian government for its decision to reject an Australian bid for a major defence contract in favour of a German proposal, the government said yesterday. Despite intense lobbying, Transfleld DefenceAFP - 276 words
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201 1997-10-11 6 OSLO Reuters THE International Campaign to Ban Landmines and its American coordinator Jody Williams have won the 1997 Nobel Peace Prize. In an apparent swipe at the world's superpowers who have refused to Join a treaty to ban and clear mines and especially atReuters - 201 words
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WORLD Watch
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66 1997-10-11 6 Reuters [PARIS] French Prime Minister Lionel Joipin told unions and employer* yesterday he would propose a law to back up his promise of a shift to a shorter 36-hour legal working week in France. "The state will play its pert by contributing financialReuters - 66 words
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63 1997-10-11 6 Reuters [MUNICH Germany] Bundesbank council member Franz-ChristophZsitler said yesterday that he viewed Thursday's German rate hike as meaning a steady rate policy could be followed for the foreseeable future. Mr Zeitier, in an advance release of an interview with the Muenchtner Merkur newspaper, alsoReuters - 63 words
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Article73 1997-10-11 6 Reuters {STRASBOURG, France! Italy's political crisis must not be allowed to destroy its chances of Joining the European monetary union, Italian Prime Minister Romano Prodi said yesterday. He was attending a summit of the Council of Europe. He tendered his rssignatkm on Thursday butReuters - 73 words
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51 1997-10-11 6 Reuters [BONN] German Economics Minister Guenter Rexrodt yesterday called on businesses to waste no time in getting ready for the planned launch of Europe's singe currency In 1998. Just 20 per cent of German companies have begun preparing for the transition to theReuters - 51 words
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33 1997-10-11 6 Reuters [MOSCOW] Russian Interior Minister Anatoly Kulikov said yesterday that recently expreaeed US concern about a growing Ruaaian mafia threat was calculated to acare off foreign investors. —ReutersReuters - 33 words
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Page 6 Advertisements
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Advertisement10 1997-10-11 6 Inflation still a threat to the US economy, Pg 710 words
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Page 6 Miscellaneous
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Miscellaneous41 1997-10-11 6 DOONESBURY By Garry Trudeau PRE&P&WKING? USmW&&S7BX,IPONT JSO TALK TO f 1 1 HiS siPKJ&rrzH&e.' MANNABUSTXXASTON&H&&, I CUPCAKE /Keep f -n&zAym v*M&r yifii IRBPYOURNew BUTtM6ONNAN&PAb-YEAP \Me/tfT&&s7EP'\ jnAM, PKBISM II WSOUNP J| PROSPECT, ROCKAG6HJTFHA2OOGRA&£, \K&PM£ ON THBJ t]A UKBSQMZ I /WAGMttP&mONON aP,(UJUW I41 words
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FOCUS
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Article, Illustration1188 1997-10-11 7 The following are excerpts from the testimony by US Federal Reserve Board chairman Alan Greenspan before members of the US House of Representatives on Oct 8 THERE can be little doubt that the American economy in the last several years has performedFILE PHOTO; REUTER - 1,188 words
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Page 7 Advertisements
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Advertisement116 1997-10-11 7 For Sale RESORT RESIDENTIAL LAND Only 5 Plots available Neighbourhood 8.5 Plotl 18,318 sq ft A$ 125,000 Plot 2 18,006 sq ft A 5130,000 Plot 3 18,060 sq ft A 5135,000 Plot 4 28,478 sq ft A$ 170,000 Plot 5 34,527 sq ft A 5200,000 20 mins drive from Surfers116 words
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Advertisement19 1997-10-11 7 Locate its owner through Classification 821 (Found). Simply call CAT.S. at 1800-737-1166 for this free service. Another Classified Service19 words
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Advertisement80 1997-10-11 7 CHRISTIE'S ART Impressionist and Modern Paintings, Drawings and Sculpture hi ■i Herri Matisse Nature morte, bouquet et compotier Estimate: U554,500.000-U556,500.000 Viewing: Singapore, 11-12 October 1997 at Hyatt Regency Singapore, 10 am to 6 pm Auction: New York, 11 &12 November Enquiries: Franck Giraud (212) 546 1172 Michael FincKay (212) 54680 words
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COMPANIES & MARKETS
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Article, Illustration498 1997-10-11 8 Jennifer Lien - But strong first-day performance means its upside is limited, many analysts say By, Jennifer Lien [SINGAPORE] The year's biggest initial public offer yet, Nat Steel Electronics (NEL) got off to an expected good start with a solid 68 per cent premium,Source: Bloomberg - 498 words
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443 1997-10-11 8 Ronnie Lim - Aim is to have production or access to supplies worldwide By Ronnie Lim {SINGAPORE] Listed Nat Steel l,td aims to be a global steel player, and that explains its recent investment in a steel mill in Brazil. It needs to443 words
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758 1997-10-11 8 Ven Sreenivasan - HOCK LOCK SIEW Ven Sreenivasan THE Malaysian stock market appears to have regained its composure. After plunging to a low of 731 points on the Kuala Lumpur Stock Exchange Composite Index on Sept 4, the market has recovered smartly. The758 words
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Article, Illustration342 1997-10-11 8 Jenny Lam - 68,000 sq ft complex in Paya Leb&r comes with 30-year lease Jenny Lam [SINGAPORE] Retailer Robinson Co has set aside $15 million to buy a warehousing and distribution centre in Tai Seng industrial estate in Paya Lebar. The 68,000 sq ft complex, whichCHRIS LOH - 342 words
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Article331 1997-10-11 8 Conrad Raj - By i Conrad Raj [SINGAPORE] The Europa Group, which through Sullivan Developments Ltd recently made an unconditional takeover offer for Sesdaqlisted ABR Holdings, has decided not to increase its stake beyond a controlling 50.1 per cent of the Sesdaq counter. Sullivan currently holds331 words
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Article, Illustration451 1997-10-11 8 Catherine Ong - Wrong to speculate as there are too many variables, says CEO By* Catherine Ong [SINGAPORE) Is the future of British Telecom's Concert global alliance in doubt in the wake of WorldCom's brazen bid for MCI? After an answer to that question from Peter Manning,451 words
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REGIONAL/INTERNATIONAL COMPANIES
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486 1997-10-11 9 No-entry-fee fond aims to offers more stable investment than stocks Reuters [KUALA LUMPUR] Malaysia's RHB Unit Trust Management Bhd yesterday launched a single-price, no-entry-fee bond fund that it says could offer investors a safer, highyielding alternative to moribundReuters - 486 words
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Article, Illustration74 1997-10-11 9 [SAO PAULO] A Brazilian model sitting behind the wheel of an Asphalte, a doorless and roofless "concept" or prototype car designed and developed by Peugeot, at the Brazil Motor Show '97here on Thursday. Automobiles Peugeot and Automobiles Citroen plan to build a plant together in Porto Real, inREUTER - 74 words
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269 1997-10-11 9 Bloomberg [FAIRFIELD, Connecticut] General Electric Co's thirdquarter earnings rose 13 per cent, led by its finance, medical and aircraft-engine businesses, as the company benefits from tight cost controls and higher sales. Net income rose to US$2.Ol bUlion (553.07 billion),Bloomberg - 269 words
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249 1997-10-11 9 USsl7om purchase from Danone to boost international sales Bloomberg [CAMDEN, New Jersey] Campbell Soup Co has agreed to buy Danone SA's Liebig soup business in France for about US$l7O million (*****.5 million), to help boost its sales overseas. Campbell said Liebig, one ofBloomberg - 249 words
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Article, Illustration348 1997-10-11 9 Reuters [SAN FRANCISCO] Apple Computer Inc co-founder Steve Jobs, who is currently interim chief executive of the struggling company, said on Thursday he was considering dropping the "interim" in his title. While addressing a Macromedia Inc users conference in San Francisco, Mr Jobs was askedReuters; FILE PHOTO - 348 words
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121 1997-10-11 9 AFX-Asia [KUALA LUMPUR] Renong Bhd has acquired a 6 per cent stake in Bahrain-based First Islamic Investment Bank for US$6 miUion (559.2 million), Bernama news agency reported, quoting Renong executive chairman Halim Saad. "The investment is not only a strategic move for RenongAFX-Asia - 121 words
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195 1997-10-11 9 TV firm blames HK Telecom equipment for 2-hr blackout Reuters [HONGKONG] Hongkong Telecommunications Ltd said yesterday it was suing Wharf Cable for defamation after the cable television company blamed the telecoms giant for a blackout. "We feel Wharf Cable is deliberate inReuters - 195 words
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Article277 1997-10-11 9 Reuters [SYDNEY] Australian food ingredients group Burns, Philp Co Ltd said yesterday it has sought a two month debt moratorium with its banks while it put the finishing touches on a plan to reduce debt by up to Assoo million (Sss6l million). The 116-year-old formerReuters - 277 words
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160 1997-10-11 9 Reuters [SINGAPORE] China Everbright Pacific Ltd (CEP) said yesterday it has exercised the option to buy a stake in China's Shenzhen Haixing Harbour Development Co Ltd (SHHD) for 102.3 miUion yuan (5518.75 miUion). The company said in a statement it would buy ChinaReuters - 160 words
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FINANCE & COMMODITIES
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417 1997-10-11 10 Soh Tiang Keng - New ruling to take effect by year-end under govt's plan to amend Insurance Act regulation By i Soh Tiang Keng [SINGAPORE] To inject more financial muscle to the industry, the government plans to amend a regulation in the Insurance Act to raise the minimum417 words
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Article435 1997-10-11 10 Share price drops as Commerzbank says it won't bid for businesses on sale Reuters LONDON] Pressure on Barclays to find a buyer for parts of its BZW investment banking arm grew on Thursday as Germany's Commerzbank ruled itself out of the running. Only French bankReuters - 435 words
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225 1997-10-11 10 Reuters [TOKYOI Japanese and foreign banks in Tokyo are rushing to offer global electronic banking systems in a fight for corporate clients ahead of the relaxation of Japanese foreign exchange controls in April. Japanese banks have more to lose from the upcomingReuters - 225 words
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232 1997-10-11 10 ESMELReport Reuters (SINGAPORE] Simex Euroyen and Eurodollar futures dragged their feet yesterday due to holidays in Japan and Hongkong, but dealers said the market was jumpy after a German rate hike and comments by the Federal Reserve chief Alan Greenspan. Mr Greenspan's comment onReuters - 232 words
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289 1997-10-11 10 ENERGY REPORT Reuters [MOSCOW] Western oU companies, with billions of dollars of investments tied up in Kazakhstan's energy sector, will be watching the political machinations in Almaty with more than a hint of anxiety. Kazakh President Nursultan Nazarbayev accepted the resignation of reform-friendly PrimeReuters - 289 words
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Article, Illustration1403 1997-10-11 10 1MTHRBAMK CROSS RATES Oct 10 AS ttffcCCU FTr D» mwh Yen Wot K N2$ P* b N» s t»d Sfr UTS l«t Hmt usfr^ Austral* ion 1178 0.654 4200 1279 5.617 ***** 24.5J7 0183 6.725 2239 1140 29U9 ***** U23 1A33 U»7 Jim ***** 145fcl73#l? Canada 0.989 6.042 0.647 42551,403 words
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Article168 1997-10-11 10 Reuters London THE US dollar limited Its losses against the yen at midday, after having started the day off with a sharp drop, and it rose against the mark but without making any break* through, forex dealers said. At 1225 GMT, the greenback was trading at marks againstReuters - 168 words
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291 1997-10-11 10 Reuters [NEW YORK] The Blackstone Group said it has raised US$4 billion (Ss6 billion) to fund leveraged buyout deals whose total value could exceed US$2O billion over the next six years. Blackstone, a private New York investment bank specialising in leveraged buyouts, saidReuters - 291 words
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Article, Illustration468 1997-10-11 10 USS/marlu The greenback started the week on a consolidative tone, trading between 1.7447 and 1.7649 for the first three days of the week. The announcement of the hike in the German repo rate on Thursday evening saw market players push US$/mark below the crucial supportSource: DBS Bank; ALLAN - 468 words
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Article1548 1997-10-11 11 BOOM FUTUIUI8 Oct 10 RSSICOMTtACTftcM**) Oot$ idmt Op* M*tb Mfh Lm S«tt (tooMs) Mrtwwt CS 58 S J»90 V44JO ***** ***** 25 Fife 91 147JO 147JO 147.50 25 2170 Mr 98 150.50 150.50 80.50 25 2TJ0 MJmM 154.75 156.75 157.25 300 Q7» WS«M *1-00 «00 Ott/Dac 90 *4.001,548 words
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Article2167 1997-10-11 11 wmmmmmm m Mil tmm *h Mnw 501.400 -7.600 AS Ports 300 13 Apppy Nattonu 953 *31 AJNpdDpmPcq 496.400 *6.400 Aidpc V49 unch Ml Group 157.200 1-200 ■ATM 550 *10 Mine 262 *2 Biec. 170 *1.600 IOC Croup 1115 11.600 M Pptrotouni 916.400 .400 m» 24i *i tart2,167 words
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Article, Illustration688 1997-10-11 12 AFP Composite Index *1344 SHARE prices gained 2.6 per cent yesterday in late foreign buying on the back of a firmer i rupiah, dealers said. "The rupiah was stronger due to offshore buying. I guess foreign investors are looking I for rupiah to buy shares," a forex dealer said.AFP - 688 words
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Article, Illustration816 1997-10-11 12 AFP H SET big *C3O SHARES closed up 1.2 per cent in thin trade yesterday on bargain hunting ahead of the announcement next week of a financial rehabilitation plan. An analyst said most investors were sidelined ahead of the release of the plan, due on Wednesday, fearing dilution fromAFP - 816 words
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Article286 1997-10-11 12 AFP Q Manila jgg STOCKS rose 2.8 per cent yesterday following a stronger peso and higher liquidity. The PSE Composite Index rose 55.91 points to 2,061.41. Turnover was 1.4 billion shares worth 3.3 billion pesos. Philippine National Bank rose seven pesos to 90. PLDT jumped five to 935. SanAFP - 286 words
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Article390 1997-10-11 12 AFP Q Composite Index +0.48 SHARE prices closed higher yesterday on a technical rebound after four consecutive days of losses. "There was the same old bad news haunting the market. But today's trade proved that 600 points will become a psychologically-significant support line," an analyst said. The Composite IndexAFP - 390 words
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Article586 1997-10-11 12 AFP QaH Ordinaries -27.7 SHARE prices fell yesterday as negative sentiment flowing from Wall Street dragged down blue chips and bruised the banking sector. The All Ordinaries Index shed 27.7 points to 2,694.5. Turnover was 532 million shares worth Asl.l billion. The banking index tumbled 111.5 points to 5,299.4,AFP - 586 words
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Article250 1997-10-11 12 Bloomberg H Wellington +SJI SHARES closed marginally higher yesterday. The benchmark NZSE Top 40-share Index rose 5.11 points to 2,602.03. Within the index, decliners outnumbered advancers by 23 to 11. Trading was valued at NZ$6B.4 million, down from NZ575.4 million on Thursday. Oct w m *h mm ANZ BtnklnqBloomberg - 250 words
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Article353 1997-10-11 12 Reuter B bMhK doo®i THE Shenzhen A share market ended up yesterday due to institutional buying helped by expectations that there would be no further negative policy announcements in the short-term, liie A Index climbed 3.42 points to 363.48 on turnover of 2.1 billion yuan. The Shenzhen B shareReuter - 353 words
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KUALA LUMPUR STOCK MARKET
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Article, Illustration315 1997-10-11 13 AFX-Asia F1 Composite Index +M 7 SHARE prices closed higher across the board yesterday on local support, extending gains on the back of a stronger ringgit, dealers said. The KLSE Composite Index closed up 9.07 points at 834.01. The Emas Index rose 2.43 pointsAFX-Asia - 315 words
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Article143 1997-10-11 13 C anmtmr art 24 14 W Mfrt 40 29 13 Conduction >0 9 Tr**t«/S«c 44 12 9 m»Mtrw ,3 0 1 rtnmc* i3 W O MM 3 0 2 »«—ty 27 14 >4 Ptantition M 14 4 MMn« 2 4 Trw» JO) L44« 42 40 It Mi/Warranti I 0 2143 words
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Article8178 1997-10-11 13 HW HTM III I Cmmuht pntKti IMT List Vol Day Net Cap Hmi Leer Company 'OOP High Low PH $mll 790 400 A|inomoto 440 24.4 178.3 448 231 Angkasa 280 2 37 280 276 8.3 412.9 905 370 Apofto Food Hlg 545 5 44 550 525 15.9 218.0 765 3728,178 words
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WARRANTS & OPTIONS
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178 1997-10-11 14 R Sivanithy - WARRANT WATCH By\ R Sivanithy LIKE yesterday, today's feature is another close-to-expiry warrant that issued by Fraser Neave. Similarly, the instrument has numbers that are on the surface very appealing but potential buyers should take note of the178 words
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Article3117 1997-10-11 14 1997 Lut vat Day Laat OmM aTJ M*l Lm Mm Clip—> Sat* Hr COOOl HI** Lav Bvyar SaMar Prlea M ~27 m 3000 m AMDS cS.S%*****6 32 *4 3 32 29 32 81 4t5 3160 Acar W*****1 USS 50 *1 32 SO 48 49.5 50 131 42 3M4 Acma W0W7243,117 words
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Article2012 1997-10-11 14 Or Or 1997 Last V«i D«V LaatOaate Mr 0* VM Mat MC# u» Cmn tt* *h room mn> Law sayar wfcr cw *n %mm 478 147 m ***** AIS8 50c 190 cd <U!P 5.0 4.9 0.T 44.6 194* 137 90 IMS 5001 AMOOSOc 56.5 *03 228 5U 562,012 words
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Article1267 1997-10-11 15 "fljlfl f 55** >» "5® g. jm4S jus jn ~Eg »J*r4#«**». mm laluili liilim>« Willi urn 'if MAW CLOB TOTAL msbs 3 1 3 5 i n nSST ill 2 <! 3 4 fe I i I I I MMnq 0 0 0 1 1 til1,267 words
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Article5009 1997-10-11 15 Transaction date: Oct 10 Or Or M Wt 1997 LMt VM Day LaatOnata W» M* VM MM Cap A** ,MM> t— WW Clin eoow H>» Law fcqrar »—6r Or W» <3 Erica Ji 87 T3 a 1020 ACE DynamlcsMc 71 -1 Ot M H J» C SM* A5CNT$82005,009 words
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Article984 1997-10-11 15 L—* OtY IxttOwM* M M> VM M C49 A»J mi u» aw cmmm roow w» t— tm/m urn* cw *n www scsoao < 5 2 s ytQt %x?g->juag>.f > m M 2000 AMMlBk Ol *2 211 IM IM IM MO U U ai m.l 414 137 449 144 2049984 words
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STOCK EXCHANGE Of SINGAPORE
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Article, Illustration68 1997-10-11 16 Ven Sreenivasan - -by Ven Sreenivasan ASIA Food Properties, which was resurrected from the ashes of the failed Amcol Holdings, gained three US cents to 47.5 US cents on a volume of 3.8 million shares yesterday. The technical departs indicate that the counter's slide seems to haur&ein arrested for now, with68 words
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Article201 1997-10-11 16 Stacks Va—« Nat Dec 10c 76.476,000 *F*BkFxc*n 6,1T1,000 HH8 Cap Wt99 4,312,000 HKLandUSIOc 4,291,000 Asia Food&Prop 3,791,000 IK Corpn 5c 3,394,000 •AsiaPacld 2.971,000 SamaderalOc 2,920,000 UOi 2,903,000 •Refcapacifk Ml 2,710,000 Mi Nat Dec 10c *****5,440 •«BT 15,015,000 NKLandUSIOc 13,974,160 StA Foreign 13,797,441 DBS Foreign 13,585,742 OUB Foreign 13,099,235 OCBC Foreign201 words
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Article, Illustration653 1997-10-11 16 R Sivanithy - STOCK MARKET COMMENTARY But a poor turnover, together with a narrow range of shares traded, casts doubt on index's apparent strength By R Sivanithy [SINGAPORE] The benchmark Straits Times Industrials Index rose steadily yesterday, ending 39.78 points higher at 1,901.24. But a653 words
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ON THE GRAPEVINE
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Article111 1997-10-11 16 A LOCAL travel agency has formed its own spy network. No, this is no cloak-and-dagger stuff, nor does it snoop on anyone. "Spy" is Linbert Travel's acronym for its "simple, powerful, yet-easy-to-use" service which offers to help travel agents track down special airfares around the world for111 words
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Article74 1997-10-11 16 THE current issue of Computer World has an article on Sembawang Corporation, with a picture of chairman Philip Yeo and quotes from him. Strangely enough, the article is run with the logo of soft-drink group Yeo HiapSeng, which SembCorp tried in 1995 to take over jointly with74 words
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Article94 1997-10-11 16 LATE on Wednesday the dialogue lome 300 corporate short) was apparently so carried away with crafting a literary gem that he/she made a vital omission: the date of the power gathering. As it was late in the day and the author of the SNEF had already called it94 words
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Article78 1997-10-11 16 EVERYBODY seems to be catering to computer buffs, or to people who can't or won't read normal print With such types In mind perhaps, Malayan Banking Bhd, Malaysia's largest commercial bank, is providing the media and analysts its latest annual report in a CD-ROM, along with78 words
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Article105 1997-10-11 16 THERE'S no such thing as a free lunch, one executive was reminded recently. A half-page advertisement by AlG—or the American International Group—screamed "FREE LUNCH", saying callers for an instant car insurance quote would be rewarded with $100 worth of dining vouchers. Intrigued that AIG wouid give105 words
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Page 8 Advertisements
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Advertisement14 1997-10-11 8 Buy It. Sell It. Find It. Classified. CATS. Call Today For Results Tomorrow. 1800-*****6614 words
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Page 9 Advertisements
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Advertisement42 1997-10-11 9 Or make your dream a reality with a piece of realty. Whether you'rfe in the market for a luxurious bungalow or an affordable apartment, you can find it easily in the Classified. Move on to the properties Section. Classifications 400 to 569.42 words
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Page 11 Advertisements
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Advertisement68 1997-10-11 11 ♦The Tokyo stock market was dosed yesterday. Can't Keep your house in order? tf 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 Classifications 90 to 120. CATS. Something old68 words
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Page 12 Advertisements
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Advertisement66 1997-10-11 12 —< rA X. JK. The Strait, Times Buying or selKn* through I J-f only my boss would j y respond -to these ads... p o o o^ U! J I"' I any job. Any Career. Available any Day. Any time. Anywhere. THE STRAITS TIMES THE SUNDAY TIMES BUSINESS TIMES the66 words
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Advertisement50 1997-10-11 12 ♦The Hongkong and Taiwan stock markets were closed yesterday. I LOVE MY TOPLESS CAR "I wanted a car that lets me feel the wind in my hair. I knew exactly where to look for one Classification 353." Whether you're selling or buying sports car, coupe or cabriolet, Classification 353. est50 words
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Page 13 Advertisements
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Advertisement2 1997-10-11 13 yuuii <-'///,/• BHflfcta|^^2 words
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Page 14 Advertisements
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Advertisement110 1997-10-11 14 INTRODUCING THE MOVADO VIZtO: frthnriwlriralrrr ADOVCa txvooa J A POST-MODERN PERSPECTIVE ON TIME. VKS- nsu Walcxi Centre BP TW; *****08 IV M I A C Th Movado Vizlo™. |\/1 f I B Solid stainless steel or ste©l/18K gold. Chew Centre Myf J VB J J Scratch-proof hard metal bezel. Push-button110 words
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Page 15 Advertisements
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Advertisement72 1997-10-11 15 fEHPhSC y^\think we Le t' s use k y/^N° w we i4 frfe Have outgrown 'V The Straits Times afford some new y fl all this stuff- fef -W How are V^44s A Classified. It's the fastest jfV toys, thanks to J should jpL we JH to make our Ns^^Classijfi^72 words
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Page 16 Advertisements
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Advertisement176 1997-10-11 16 BUSINESS Notices fHffHlßanh Keppel Bank of Singapore Limited Announcement Foreign Shareholdings Pursuant to article 44(4) of the Bank's Articles of Association, Keppel Bank of Singapore Limited hereby announces that as at 30 September 1997, the percentage of foreign shareholdings in its issued share capital was 11.62%. This includes the shareholdings176 words
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Advertisement123 1997-10-11 16 To advertise call toll-free 1800-741 1883 TAT LEE BANK LIMITED Pursuant to Artide 5(1) of the Arttctes of Association of the Bank, it is hereby announced that declarations received by the Bank as at 30 September 1997, regarding the beneficial ownership of the issued share capital of the Bank held123 words
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Advertisement15 1997-10-11 16 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. n&T CATS. 1800-*****6615 words
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Advertisement112 1997-10-11 16 Buy it. Sell It Find it. Classified. T CATS. Call Today for Results Tomorrow. 1800-737 hm With your new status as a I j.i Say public-listed company, a new era 111 I I I has begun. Start it right with a you thank-you ad to your I v to everyone112 words
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EXECUTIVE Lifestyle
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Article, Illustration1616 1997-10-11 17 S N VASUKI - Cuban cigars have a special flavour and aroma, not i to mention a touch of romance, s n vasukz looks at how the mighty Havana fares in Asia S N VASUKI "Wine connoisseurs may justly debate the origins of the finest wines in the1,616 words
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Article569 1997-10-11 17 SO YOU want to be a Cuban cigar aficionado. Here is a primer to get you started. The Connoisseurs Guide To Cuban Cigars is arguably the most comprehensive book on the fine art of choosing and smoking the best that Havana has to offer.569 words
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STRAWS In The Wind
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Article45 1997-10-11 17 IF there was a party thrown by the Land Transport Authority, these are the songs we'd like to hear: ♦Locomotion, by the Singapore Mass Rapid Transit; ♦Hit The Road Jack by Public Works Department; ♦Coe-Coe-Mo by The Ministry of Communications.45 words
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Article47 1997-10-11 17 ENTRY to most company premises are usually limited to staff and visitors on business. But some companies can get really sticky. Seen at the entrance to Brilliant Manufacturing, a maker of disc-drive components, is a sign saying; "NO ENTRY EXCEPT BRILLIANT STAFF AND VISITORS ONLY."47 words
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Article61 1997-10-11 17 YOU know competition is getting really stiff among magazines when they go on the aggressive, like the National Geographic. The magazine sent no fewer than five invitations to a journalist this month. Only problem is, she already has a subscription of seven years' standing. So they should have61 words
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Article44 1997-10-11 17 COMPETITION is tough for insurance companies too, and they are going all out to woo the customer. But NTUC Income may have inadvertently kept some customers away when one recent ad referred to its Incomeshield plan as "the only catastrophic medical plan..."44 words
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BOOKS
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Article, Illustration1188 1997-10-11 18 LOUIS BECKERLING - The Whole Shebang takes the lay reader on an informative journey but loots bgceerumo is a little sceptical about the prospect of colonising the planet made out in The Case for Mars LOUIS BECKERLING T didnt make the front page# this'week, and you1,188 words
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ART
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Article, Illustration1890 1997-10-11 19 BEN MUNROE - There may be many reasons for the patchy response to Viet art auctions too many exhibits to fakes to the currency crisis, bbm mujnuob analyses the trend after talking to galleries and auction houses BEN MUNROE PAGINATION with Vietnamese paintings in Singapore1,890 words
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Article, Illustration695 1997-10-11 20 Susan Tsang - CINEMA To those who have timed in to Stern's show, Private Parts may look like another seDoot Byl Susan Tsang IN Private Parts, US shock-jock Howard Stern recounts the story of how he got to be the most controversial, foul-mouthed and most695 words
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Article, Illustration564 1997-10-11 20 Susan Tsang - CINEMA Fast-paced action punctuated by some goofy moments and screwy adventures make this mismatched buddy story highly watchable By I Susan Tsang Nothing To Lose is another mismatched buddy story, but unlike other action-comedies featuring odd couples, this one by writer-director Steve Oedekerk {Ace Ventura: When Nature564 words
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573 1997-10-11 21 A Surendren - NIGHTSPOT Besides the food the attraction at Panlaner Branhans in Wheelock Place is the three different beers brewed on the premises By. A Surendren A VISIT to the original Paulaner Brauhaus in Millenia Walk will invoke a lot of fond feelings. Checking out573 words
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Article, Illustration404 1997-10-11 21 M Yasotha - Compiled by M Yasotha OOMUHET A Date With Beethoven's Ghost Chua Lik Wuk (violin), Liu Peng (cello) and Benjamin Loh (piano) will perform Beethoven's Piano Trio in D Major Op 70 No 1, commonly known as the "Ghost", and Mendelssohn's Piano Trio No 1 in D Minor, Op404 words
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EPICURE
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Article, Illustration630 1997-10-11 22 CORINNE KERK - Original Sin can be a good alternative to Chinese versions of Veggie food, says omumiib kbrk CORINNE KERK MM FTER a few 4 moments studying M the menu at Original Sin, my V T companion let out a small cry and j nearly fell off hisPICTURES BY CHRIS LOH - 630 words
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Article, Illustration522 1997-10-11 22 Corinne Kerk - PROMOTION Harbour Grill at the Hilton presents some additions for its lows of greens By i Corinne Kerk IN A somewhat unusual move, Harbour Grill at the Hilton is going green. By that, we don't mean it's turning to paper plates and napkins made522 words
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Article, Illustration658 1997-10-11 22 Corinne Kerk - RESTAURANT lie new Mustard Seed Kitchen has other cuisines too and it starts with its affordable pricing By\ Corinne Kerk NONYA food, said to be the truly Singaporean cuisine, will always have a steady following here. But since connoisseurs of the cuisine are usually hard to please,ARTHUR LEE - 658 words
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Article, Illustration755 1997-10-11 23 Air Force One. Harrison Ford stars as the US President in this tense, overly-patriotic drama, which stretches credibility to the limit. When the presidential plane is hijacked by a Russian tot rorist (Gary Oldman), Ford leaps into action-hero mode. M Lido, Hougang, Changi, Jurong, Choa Chu Kong, Chinatown, Republic,755 words
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Article126 1997-10-11 23 OMkayOrg Cathay 338-3400 Eastshore 346-1816 Pictu rehouse 338-3400 Yangtze 223-7529 BafWah < Empress 777-6867 Jubilee 464-1640 Mandarin 282-9401 Marina 338-9719 < Whitesands 68$-1782 Bedok *****06 I Bishan 363-8886 I Boon Lay 792-2788 I Broadway 464-9394 I Majestic 633-9032 I Marina 337-9488 Pavilion 786-6788 1 Tampines 8 786-6788126 words
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TRAVEL
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Article, Illustration1375 1997-10-11 24 TEO EESIM - If your idea of a holiday is sea, sand and solitude then this island is just the place for you, says teso bbkiw after spending a few days at The Wakaya Club with its friendly staff and fine Fijian food TEO EESIM LITTLE known, little published,1,375 words
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Article158 1997-10-11 24 How to get there: From Sydney or Auckland, take a joint Qantas/Air Pacific fight to Nadi, Fiji's international airport on the island erf Viti Levu. Air Wakaya is the private island's transfer from Nadi or Suva (Fiji's capital). Ratee Double occupancy US$975 (551,500), minimum five nights stay.158 words
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Page 17 Advertisements
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Advertisement8 1997-10-11 17 Art The Vietnamese art market Singapore EL3 B8 words
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Advertisement35 1997-10-11 17 Travel A South Pacific secret EL 8 l|Pr fejy gj&j r -x- <4f: Pfc a '''WEr' I ®*s iI JP D()NN/\K RAM miwy ok k >1 I Mil i •Jt I' I I I i35 words
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Page 18 Advertisements
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Page 20 Advertisements
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Advertisement57 1997-10-11 20 Showing at Shaw cinemas. Rated R(A). A I My hubby can A walk into -Hrtese of "twojobs. Wo o handicap 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 Berita57 words
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Advertisement132 1997-10-11 20 mgm -\mr~ a J& company on the stock exchange That's good news to Hll tvy. t» m 13 million readers! I 8 'jF? Company listings are significant tT' milestones and it is to the 00' Tj company's 3dvdntd(j6 to build up 4HPRf BHIB- 1 awareness of its corporate Pi BpS?-132 words
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Page 21 Advertisements
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Advertisement910 1997-10-11 21 Where to wine, dine and entertain... ."SJI Vhat tetter way to celebrate a great week than Sunday Brunch at The I Cafe-in-The-ftrt? Enjoy the finest hrunch and service at only $28" I per adult (only $14* (or the bids). Then toa*t jwur good fortune with Gold Sett Champagne, each glass910 words
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Advertisement160 1997-10-11 21 C^c^-food" B% makes a spectacle of J Itself. aa the wlideM seafood appetiser buffet unfolds before you rop lt>e Singapore's Highest Revolving Restaurant. Feast on exciting seafood creations prepared with only the freshesi seafood and bountiful vegetables. Join us for the peak of good taste today. Lunch: Noon to 2-30pm160 words
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Page 23 Miscellaneous
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Miscellaneous1831 1997-10-11 23 TODAY'S TV FMOIASWUt *n l »"in 8-30 Sukmairama '97 iaaa litlo.oo Tamil Silverscreen: Na--10.00 AM TV Innovations. ew^u.ic^i.l ILOO SEA Games 97: Soccer Am i! I Spmal Singapore vs Cambodia. Amman. Baoani. a LOO PM Asian Football Show. d^MmSnmLurtS^r 2.00 World Games-Lahti 1 de« Amman marries Dr „TT J? Surya1,831 words
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Miscellaneous245 1997-10-11 23 RADIO 1 ESviaPreatoy-TbaLeeaoy, them. The Forsaken Merman BBC, Saturday, L3opm by Laurel Lamperd, is about a Geoff Barker tours one of the woman in a difficult marriage most famous houses in the finding an unusual escape. world Graceland, the home Elvis bought in 1956. Used as a rit flwfi j245 words
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