The Business Times, 11 October 1997

Total Pages: 24
1 24 The Business Times
  • 14 1 THE BUSINESS TIMES MITA (P) 023*12/96 85c SINGAPORE Internet: http://www.asial.com.sg/biztimes WEEKEND EDITION, OCTOBER 11-12,1997
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  • 544 1  -  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 carries
    ARTHUR LEE  -  544 words
  • 806 1  -  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 battered
    806 words
  • 384 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 the
    Bernama  -  384 words
  • 477 1  -  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. Hie
    ARTHUR LEE  -  477 words
  • Page 1 Advertisements
    • 105 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 crowdsof
      105 words
    • 173 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 Skw
      173 words

  • SINGAPORE AT HOME & ABROAD
    • 600 2  -  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 of
      600 words
    • 485 2  -  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 De
      485 words
    • 257 2  -  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
    • 409 2  -  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 some
      FILE PHOTO  -  409 words
    • 306 2  -  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 expect
      306 words
  • Page 2 Advertisements
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  • Page 2 Miscellaneous
    • 341 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 Baabqr
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  • Page 3 Advertisements
    • 545 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 With
      545 words

  • FOCUS: PERSONAL FINANCE & INVESTMENT
    • BULL'S EYE
      • 622 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
      • Article, Illustration
        391 4  -  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 into
        391 words
    • 695 4  -  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 they
      695 words
    • 474 4  -  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
    • 361 4  -  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
    • 1118 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
    • 420 4  -  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
  • Page 4 Advertisements
    • 30 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.
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  • REGION
    • 391 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 its
      AFP,; Bloomberg,; Reuters  -  391 words
    • 270 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 for
      AFP  -  270 words
    • 434 5  -  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 last
      434 words
    • 338 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 Consultancy
      AFP  -  338 words
    • 317 5  -  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 out
      317 words
    • 164 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 reply
      Reuters  -  164 words
    • 874 5  -  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
  • Page 5 Advertisements

  • REGION/WORLD
    • 581 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 Alan
      Reuters  -  581 words
    • 441 6  -  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. According
      441 words
    • 148 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 business
      AFP  -  148 words
    • Article, Illustration
      43 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. AFP
      AFP  -  43 words
    • 355 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 of
      AFP  -  355 words
    • 456 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
    • 320 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 Thursday
      Reuter  -  320 words
    • 276 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 Defence
      AFP  -  276 words
    • 201 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 at
      Reuters  -  201 words
    • WORLD Watch
      • 66 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 financial
        Reuters  -  66 words
      • 63 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, also
        Reuters  -  63 words
      • 73 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 but
        Reuters  -  73 words
      • 51 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 the
        Reuters  -  51 words
      • 33 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. —Reuters
        Reuters  -  33 words
  • Page 6 Advertisements
  • Page 6 Miscellaneous
    • 41 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 I
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  • FOCUS
    • 1188 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 performed
      FILE PHOTO; REUTER  -  1,188 words
  • Page 7 Advertisements
    • 4 7 1 m mt iri
      4 words
    • 116 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 Surfers
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    • 19 7 Locate its owner through Classification 821 (Found). Simply call CAT.S. at 1800-737-1166 for this free service. Another Classified Service
      19 words
    • 80 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) 546
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  • COMPANIES & MARKETS
    • 498 8  -  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
    • 443 8  -  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 to
      443 words
    • 758 8  -  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. The
      758 words
    • 342 8  -  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, which
      CHRIS LOH  -  342 words
    • 331 8  -  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 holds
      331 words
    • 451 8  -  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
    • REGIONAL/INTERNATIONAL COMPANIES
      • 486 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 moribund
        Reuters  -  486 words
      • 74 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, in
        REUTER  -  74 words
      • 269 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$2.Ol bUlion (553.07 billion),
        Bloomberg  -  269 words
      • 249 9 USsl7om purchase from Danone to boost international sales Bloomberg [CAMDEN, New Jersey] Campbell Soup Co has agreed to buy Danone SA's Liebig soup business in France for about US$l7O million (*****.5 million), to help boost its sales overseas. Campbell said Liebig, one of
        Bloomberg  -  249 words
      • 348 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 asked
        Reuters; FILE PHOTO  -  348 words
      • 121 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 Renong
        AFX-Asia  -  121 words
      • 195 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 in
        Reuters  -  195 words
      • 277 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 former
        Reuters  -  277 words
      • 160 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 China
        Reuters  -  160 words
    • FINANCE & COMMODITIES
      • 417 10  -  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 minimum
        417 words
      • 435 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 bank
        Reuters  -  435 words
      • 225 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 upcoming
        Reuters  -  225 words
      • 232 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 on
        Reuters  -  232 words
      • 289 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 Prime
        Reuters  -  289 words
      • Article, Illustration
        1403 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 4255
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      • 168 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 against
        Reuters  -  168 words
      • 291 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$2O billion over the next six years. Blackstone, a private New York investment bank specialising in leveraged buyouts, said
        Reuters  -  291 words
      • 468 10 USS/marlu The greenback started the week on a consolidative tone, trading between 1.7447 and 1.7649 for the first three days of the week. The announcement of the hike in the German repo rate on Thursday evening saw market players push US$/mark below the crucial support
        Source: DBS Bank; ALLAN  -  468 words
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    • Article, Illustration
      688 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
    • Article, Illustration
      816 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 from
      AFP  -  816 words
    • 286 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. San
      AFP  -  286 words
    • 390 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 Index
      AFP  -  390 words
    • 586 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
    • 250 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 Btnklnq
      Bloomberg  -  250 words
    • 353 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 share
      Reuter  -  353 words
    • KUALA LUMPUR STOCK MARKET
      • 315 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 points
        AFX-Asia  -  315 words
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      • 8178 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 15.9 218.0 765 372
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    • WARRANTS & OPTIONS
      • 178 14  -  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 the
        178 words
      • 3117 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 W0W724
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    • 5009 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$8200
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    • STOCK EXCHANGE Of SINGAPORE
      • Article, Illustration
        68 16  -  -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, with
        68 words
      • 201 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 Foreign
        201 words
      • 653 16  -  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 a
        653 words
      • ON THE GRAPEVINE
        • 111 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 for
          111 words
        • 74 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 with
          74 words
        • 94 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 it
          94 words
        • 78 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 with
          78 words
        • 105 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 give
          105 words
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  • Page 9 Advertisements
    • 42 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


  • Page 11 Advertisements
    • 68 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 old
      68 words

  • Page 12 Advertisements
    • 66 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 the
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    • 50 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. est
      50 words


  • Page 14 Advertisements
    • 110 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-button
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  • Page 15 Advertisements
    • 72 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^
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  • Page 16 Advertisements
    • 176 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 shareholdings
      176 words
    • 123 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 held
      123 words
    • 15 16 Buy It. Sell It. Find It. Classified. Call Today For Results Tomorrow. n&T CATS. 1800-*****66
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    • 112 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 everyone
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  • EXECUTIVE Lifestyle
    • 1616 17  -  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 the
      1,616 words
    • 569 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
    • STRAWS In The Wind
      • 45 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
      • 47 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
      • 61 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 have
        61 words
      • 44 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
    • BOOKS
      • 1188 18  -  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 you
        1,188 words
    • ART
      • 1890 19  -  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 Singapore
        1,890 words
      • 695 20  -  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 most
        695 words
      • 564 20  -  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 Nature
        564 words
      • 573 21  -  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 out
        573 words
      • Article, Illustration
        404 21  -  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, Op
        404 words
    • EPICURE
      • 630 22  -  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 his
        PICTURES BY CHRIS LOH  -  630 words
      • 522 22  -  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 made
        522 words
      • 658 22  -  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
    • Article, Illustration
      755 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
    • 126 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 8 786-6788
      126 words
    • TRAVEL
      • 1375 24  -  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
      • 158 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 20 Advertisements
    • 57 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 Berita
      57 words
    • 132 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?-
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  • Page 21 Advertisements
    • 910 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 glass
      910 words
    • 160 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 2-30pm
      160 words


  • Page 23 Miscellaneous
    • 1831 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? Surya
      1,831 words
    • 245 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 j
      245 words