The Business Times, 9 April 1994

Total Pages: 28
1 28 The Business Times
  • 13 1 Business Times MITA(P) 010/12/93 Weekend Edition, April 9-10 1994 WE KNOW ASIA 75*
    13 words
  • 671 1  -  From Anthony Rowley in TOKYO JAPANESE Prime Minister Morihiro Hosokawa resigned yesterday, weighed down by accusations of financial impropriety that had seriously compromised his ability to govern, and by political dissension within his cabinet. His sudden departure was received calmly by financial
    671 words
  • 161 1 Stock market indices Friday Change STII 2,120.24 +13.71 KLSEComp 961.95 -4.23 Nikkei 19,934.99 +44.01 Hang Seng 9,298.22 +12.30 SET Index 1,224.0 -0.74 Jakarta Comp 463.43 -4.55 CLSA China B ....1,001.98 -9.33 Aust All Ord 2,082.0 -5.4 FTSE 100 3,120.8 -8.2 Friday Previous 2pm dose Dow Jones 3,668.5 3,693.26
    161 words
  • 517 1  -  By Schutz Lee SINGAPORE China. Singapore and Thailand are initiating a six-nation project to lay 3.000 km of optic fibre cables from Shanghai to Singapore, through Vietnam, Laos, Thailand and Malaysia. China's Telecommunications and Post Minister, Wu Jichuan, was quoted as
    517 words
  • 568 1  -  Moves to petition for extraordinary general meeting By I Ramesh Divyanathan SINGAPORE A Law Society committee report on small firms has angered some lawyers, prompting them to gather support for an extraordinary general meeting (EGM) petition. The report recommends that the Law
    568 words
  • 244 1  -  By Paul Leo SINGAPORE Regional bourses yesterday chose to wait for further direction from the United States rather than react to the resignation of Japanese Prime Minister Morihiro Hosokawa. In Singapore, the Straits Times Industrials Index rose 13.71 points to 2,120.24 on light buying
    244 words
  • 2am LATEST
    • 50 1 Reuter NEW YORK Wall Street stocks weakened yesterday as the absence of fresh economic data paved the way for profittaking. The Dow Jones Industrial Average turned decidedly lower at midday and was down 16.99 at 3.676.27 at Ipm. Declines led advancing issues by about 11-8. Reuter
      Reuter  -  50 words
  • 352 1  -  From Ho Kay Tat in KUALA LUMPUR IN A MOVE to further tighten its control of reverse takeovers, Malaysia's Securities Commission (SC) yesterday said any restructuring involving an acquisition or disposal of assets which will significantly change the business of a firm or result
    352 words
  • Page 1 Advertisements
    • 36 1 Unit trusts: el 4 Where smart investors are headed The Raffles Conversation: el 3 president Moves to form Asean-Australasia S'pore govt to offer enough land free trade bloc Page 3 for 4,000 residential units Page 2
      36 words
    • 15 1 Hock Lock Siew: pg6 r-j UlC's rights offered at wtawig time? Full reports. Pages 12-16
      15 words
    • 112 1 Bullisft about bears: el 6,7 Teddy bear treasures 1 m| Fm t :< ■fflC j m Foreign investors bullish on Tokyo stocks, Page 4 'y ScK-vimLiig "MARINE* watcli, witer-rciiiUnt, individually numbered. In tribute to A.-L. appointment a* Horlog er de la Marine Royale* in 1815. SINGAPORE: THE HOURGLASS Takashimava Shopping
      112 words
    • 43 1 nf nVa .T7T 1 Nam Cowpawin Spore News 2 Sp«f-Msia .6.7.8 Report* News 3.4 Financial 9.10 Work) News 5 Conversations a 3 Ctob/RLSt. SES 1416 Opmans a 2 Regional 12 Sports O* Woftd 13 TV/'lriestyte a 12 Currencies 10 Investment —a-4.5 Sww/Commo 10.11
      43 words

  • SINGAPORE NEWS
    • 636 2  -  By Abdul Hadhi THE GOVERNMENT is offering the private sector enough land this year to build 4,000 residential units, up from about 3,000 last year. The Ministry of National Development said yesterday in its 1994 Sale of Sites Programme for
      636 words
    • 122 2 THE WHO'S WHO of the shipping community attended Shipping Times' 16th anniversary celebrations last night. The annual Shipping Times cocktail party, described as a "must attend" event on the shipping calendar, gave an opportunity for every- one to rub shoulders in a convivial atmosphere. Held
      Photo by Chris Loh  -  122 words
    • 384 2  -  By Ven Sreenivasan SINGAPORE This country has overtaken Thailand and the United States to emerge as the largest foreign investor in Myanmar. Singapore companies accounted for almost 8 per cent or USS26I million (SS4O9 million) of the US$3.4 billion in foreign investment in
      384 words
    • 501 2  -  By Walton Morais SINGAPORE Prime Minister Goh Chok Tong leaves on Monday for official visits to Germany and the United Kingdom during which he will meet leaders and preside over efforts to sell Singapore's new economic strategies to European businessmen. Mr Goh.
      501 words
    • 304 2 TO RAISE the social status of Mandarin, the Speak Mandarin Committee has been reorganised to include more bilingual English-educated Chinese Singaporeans. Ho Kwon Ping, president of the Wah Chang and Thai Wah groups of companies, will chair the committee for two years.
      304 words
    • 257 2 OCBC Property Services' first suburban shopping centre is expected to be readv bv mid--1996. Located next to the Pasir Ris MRT station, the centre is expected to serve a catchment population of at least 26.000 residents. The Si3o million project will have
      257 words
  • Page 2 Advertisements
    • 223 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaotoao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 1800-749-2577, and ask for home or office delivery service. MORGAN
      223 words
    • 13 2 AFB tying up with Myanmar eovt; Pidcmco wrapping up hotel deal. Pr 7
      13 words
  • Page 2 Miscellaneous
    • 221 2 WEATHER Singapore: Showers over several areas in the morning. (Temperature range: 25-32). *ll« Piclfc M/U* Cml Eanp* W/la* C*ad Buenos Aaws 24/15 Showers Auckland 18/11 Cloud* Amsterdam 09/04 Showers Chicago 12/01 Cloudy Bangkok 35/23 Sftowos Attwns 19 11 Cloud* Honolulu 28/21 Showers Beijing 20.06 Cloudy Bertn 10 XX) Showers Houston
      221 words
    • 232 2 CRYPTIC CROSSWORD 1 Ban for bomb with which I 5 Brave place to live (6) 8 States 'egghead is unwilling' 10 Stonemason's unforgettable I Beast to the 12 Opportunity of taking pub- 12 3 4 transport to 13 Soldier sive ogre in Italian port (6) is p6 I I I
      232 words

  • THE REGION
    • 275 3 Reuter CANBERRA Australia will take the first formal steps towards setting up a vast AseanAustralasian free trading block. Australian Prime Minister Paul Keating said after meeting Thai leaders in Bangkok yesterday: "We decided... to explore further what prospects there might
      Reuter  -  275 words
    • 171 3 AP WASHINGTON Strong economic growth is expccted in South-cast Asia over the next several years, ranging from 3.6 per cent annually in the Philippines to 7 or 8 per cent in the rest of the region. The US-Asean Council, in a
      AP  -  171 words
    • 427 3  -  From Harish Mehta in HANOI THE first Singaporean to build hotels in Vietnam is set to develop his third and fourth projects a four-star resort hotel in the northern Halong Bay area and a commercial centre in Hanoi. The entrepreneur is
      427 words
    • 353 3 Bloomberg Business News HONGKONG Chinesebacked Guangdong Investment plans to buy two Hongkong hotels and a hotel management company for HKSBI9.I million (SS 163.8 million) from its parent company Guangdong Enterprises. The investment group yesterday said the purchases would be paid with
      Bloomberg Business News  -  353 words
    • 149 3 Reuter HONGKONG The southern economic zone of Shenzhen was China's biggest exporter in 1993, exporting goods worth US$B.3 billion (SSI3 billion). A Beijing-funded news agency yesterday reported that the city passed number two exporter Shanghai by US$95O million. The Hongkong China News
      Reuter  -  149 words
    • ASIA NOTES
      • 107 3 Reuter TAIPEI A prosecutor yesterday charged 21 city councillors in southern Taiwan with corruption, bringing to 135 the number of people indicted so far in the island's worst election vote-buying scandal. The district prosecutor in Tainan recommended 18 to 42 months in prison for
        Reuter  -  107 words
      • 55 3 AFP TAIPEI Taiwan's trade surplus fell 82.3 per cent from a year earlier to USS24O million (*****.8 million) in the three months to March. The Finance Ministry yesterday said exports in the first quarter advanced 0.4 per cent to U5520.13 billion while imports jumped 6.3 per
        AFP  -  55 words
      • 42 3 Reuter SEOUL South Korean Foreign Minister Han Sung Joo will meet International Atomic Energy Agency (lAEA) director-general Hans Blix in Japan next week for talks on North Korea's nuclear programme, a ministry official said yesterday. Reuter
        Reuter  -  42 words
      • 81 3 AFP JAKARTA Two Japanese industrial giants have joined forces with an Indonesian firm and President Suharto's daughter. Siti Hardiyanti Rukmana. to build a pulp plant in Sumatra. An official yesterday said Nippon Paper Industries and Marubeni Corp had set up a joint venture with PT Barito Pacific
        AFP  -  81 words
  • Page 3 Advertisements
    • 268 3 -ft' J jj safe .v jßfefe ..s Ir v!.' QsdE n '-mWl»^W7' tfTI^^^MWWi^PMiWWWWI Vitara 4\VD range fit)m Suzuki. Built to forewarning of hazards, with a zippy responsiveness for JO A A r l good Suzuki, like power steering, power windows, central quick getaways and high ground clearance for breezing nt
      268 words

  • THE REGION/WORLD
    • 507 4 Reuter WASHINGTON The resignation of Japanese Prime Minister Morihiro Hosokawa is a setback for fractious United States-Japanese trade ties, with time running short for the two sides to cut a deal, says a senior US official. But he added that
      Reuter  -  507 words
    • 508 4 Reaction to Hosokawa's resignation Reuter LONDON Foreign investors, who have been building up positions in Japanese stocks, yesterday said the resignation of Japan's Prime Minister Morihiro Hosokawa offered a golden opportunity to buy further into the market. "I regard this as a good opportunity
      Reuter  -  508 words
    • 365 4 Bloomberg Business News TOKYO Tsutomu Hata. considered a strong candidate to succeed Japanese Prime Minister Morihiro Hosokawa. may have made the best decision of his political career when he turned down a Cabinet post last year. When word got out in early
      Bloomberg Business News  -  365 words
    • 404 4 Reuter LONDON The surprise resignation of Mr Hosokawa depressed the yen yesterday and European market analysts said it could remain weak in the near term while the economic implications were unclear. Currency traders are pondering whether the resignation would have any impact on the passage
      Reuter  -  404 words
    • 290 4 Bloomberg Business News TOKYO The impact of Mr Hosokawa's resignation on Japan's economy depends on how fast the coalition government can close ranks and pass the 1994 fiscal budget, economists said yesterday. Mr Hosokawa decided to quit because discussion of
      Bloomberg Business News  -  290 words
    • 402 4 Bloomberg Business News, Reuter WASHINGTON The United States economy's growth rate will approach a robust 5 per cent during the current second quarter, the Conference Board said yesterday. For all of 1994, the economy should expand by 4.2 per cent
      Bloomberg Business News,; Reuter  -  402 words
    • 297 4 Bloomberg Business News HONGKONG Leading Hongkong companies including Citic Pacific. Sun Hung Kai Properties and Cheung Kong (Holdings) submitted bids for development rights for a massive road and tunnel project in Hongkong, the territory's government said. The Route
      Bloomberg Business News  -  297 words
    • 272 4 Reuter, AP ATHENS European Union finance ministers yesterday backed construction of a new high-speed rail network linking Western and Eastern Europe as part of plans to create millions of new jobs in the coming years. German Finance Minister Theo Waigel said the
      Reuter,; AP  -  272 words
    • 166 4 AFP TOKYO The European Union has submitted a list of 32 demands to ease regulations of the Japanese economy prior to the ministerial-level meeting between Japan and the EU to be held here in two weeks, the Yomiuri newspaper reported yesterday. Japan's largest
      AFP  -  166 words
  • Page 4 Advertisements
    • 92 4 fjte. Yes, even in If Vietnam y° u can Wfffz Jte* still read our latest news. Omni Saigon Tel: *****3 Saigon Floating Tel: *****3 Rex Hotel Tel: *****5 New World Hotel Saigoo Tel: *****0 Palace Hotel Tel; *****0 Century Saigon Hotel Te1:*****8 Caravelle Hotel Tel: *****5 Saigon Star Hotel Tel:
      92 words

  • THE WORLD
    • 460 5 NYT WASHINGTON Without a vote or even a formal discussion, the US Federal Reserve Board's top policymakers are taking over the process of raising and lowering rates, rather than allowing their chairman. Alan Greenspan, to act on his own between
      NYT  -  460 words
    • 326 5 Reuter NEW YORK Even though Alan Greenspan didn't actually talk about interest rates during his speech on Thursday in San Francisco, economists are divided on what his comments mean for Federal Reserve policy in the near term. "There seems to be an inexplicable and deep-rooted
      Reuter  -  326 words
    • 327 5 AP WASHINGTON America just doesn't know how to treat a political scandal, says humourist Garrison Keillor. He recommends the British style. "It's been a quiet week in Whitewater," Mr Keillor told the National Press Club on Thursday. So quiet,
      AP  -  327 words
    • 279 5 Reuter WASHINGTON The Ginton Administration believes Russian scientists have not entirely shut down work on biological arms, the Washington Post reported yesterday. The newspaper quoted unidentified officials who said that, despite repeated assurances by Russian President Boris Yeltsin that the programme
      Reuter  -  279 words
    • 455 5 Reuter MINNEAPOLIS President Bill Clinton is trying to prove to Americans outside the confines of Washington that work is getting done in the capital despite the distraction of the Whitewater affair. Taking the pulse of the country on a sales campaign this
      Reuter  -  455 words
    • Article, Illustration
      52 5 Reuter BONN Germany's Mercedes Benz is set to unveil a new car sports concept called SLK sporty, light, short at the Turin motor show on April 22. Similar to the SL convertible but much smaller, it will come onto the market in 1996 at about 65,000 marks
      Reuter  -  52 words
    • WORLD WATCH
      • 73 5 Bloomberg Business News BLRNE Switzerland's unemployment rate fell to 5 per eent in March from 5.2 per cent in February, the Federal Department of Industry. Commerce and Lmployment said yesterday. At the end of March, there were 182.135 people registered as unemployed, down from 187.382
        Bloomberg Business News  -  73 words
      • 54 5 AFP LONDON The largest egg ever laid went under the hammer at Bonhams yesterday. The eggshell might withstand the shock, but the prospective buyer might not. It was expected to fetch between £30.000 (5569.000) and £40.000. Mama was a 3-metre tall Great Elephant Bird, now
        AFP  -  54 words
      • 68 5 Reuter ATHENS Poland formally applied yesterday to become a member of the European Union, the second former Communist bloc country to apply for EU membership after Hungary. Foreign Minister Andrzej Olechowski handed the application to Theodoras Pangalos. the Greek foreign minister for European affairs.
        Reuter  -  68 words
      • 64 5 AFP KUWAIT CITY A government commission recommended limiting the number of foreigners in Kuwait to stop them outnumbering locals, in a report published on Thursday. The panel called on the government to cut the number of residence visas granted to foreigners and campaign to
        AFP  -  64 words
      • 67 5 Reuter NEW DELHI A senior Russian official said yesterday Moscow would be bound by a treaty with Pyongyang to help North Korea if it were attacked. "Russia, as a country which is a legitimate successor of the Soviet Union, is carrying obligations from treaties
        Reuter  -  67 words
    • 214 5 AFP MOSCOW Russia wants to link its joining the Nato Partnership for Peace to membership of the G-7 group of industrial nations, presidential spokesman Viacheslav Kostikov said. "If we are invited into the political and military partnership. it would be logical to make
      AFP  -  214 words
    • 1473 5 ag nw* ro nm n» Aa—aa RJI87 0130 An tart— SQ25 0630 KL844 0035 KL831 0935 KL838 2300 SQ324 2345 kmMmi NZ2I 1735 BA11 1505 SQ286 2040 N222 1825 ■afcfaia GF148 0905 IMbum BI421 1105 SQI82 0915 SQ181 1410 B1422 1205 BI429 2030 BI430 2125 •M0ufc
      1,473 words
  • Page 5 Advertisements
    • 44 5 BnSnesflimg "Play jr\ 1 QtArlf Congratulations to: wlOvKj Ms. Murrirah Binte Ali M L M f jktfC: *****41/F \Si UfTU winning the cash equivalent of 3 lots of fiippeCTaft shares at strike price ia this contest. wUI Iw You will be notified by post.
      44 words

  • COMPANIES & MARKETS
    • 468 6  -  By Rahita Elias SINGAPORE Shipowner Osprey Maritime's initial public offer will raise almost US$BB million (*****.6 million). most of which will go towards expanding its fleet. At the launch of the IPO yesterday, chairman Tim Cottew said Osprey was offering
      468 words
    • 324 6  -  By Claire Leow SINGAPORE CSA Holdings has acquired 10 per cent of Ochre Development Pty Ltd of Australia, with an option to raise the stake to 25 per cent for a total consideration of As 2 million (552.2 million) by end-June. The acquisition
      324 words
    • 216 6 SINGAPORE Neptune Orient Lines will not issue any more ordinary shares to those preferred shareholders who submitted their scrip for conversion on July 13 last year. The Stock Exchange of Singapore had deemed the closing price of NOL shares that day
      216 words
    • 226 6 SINGAPORE Singapore Shipbuilding Engineering has clinched a US$44 million (SS7O million) contract to build two container vessels for Thailand's Regional Container Lines. SSE. the marine arm of Singapore Technologies, also has an option from the Thai feeder operator to build two
      226 words
    • 856 6  -  HOCK LOCK SIEW By Lee Han Shih SINGAPORE With United Industrial Corporation (UIC) now trading below the crucial $1.11 level, what is the possibility of it calling off or changing the terms of its rights issue? On March 9.
      856 words
    • 248 6  -  By Dexter Lee SINGAPORE Singapore Airlines has created a new management position in Beijing to oversee its investments in China a move that suggests more joint ventures in that country may be in the pipeline. From Aug 1. SlA's investments in China will
      248 words
    • 199 6 SINGAPORE Trading group Intraco has bought a 34 per cent stake in Teledata. a telecommunications and data communications group which is expected to float its shares on Sesdaq this year. Intraco said yesterday the 56.69 million purchase was a long-term strategic move.
      199 words
    • EYE on your STOCKS
      • 18 6 For next week exptxted market sentiment, see BT Sentiment Index on EL4 (Personal Finance <£ Investment sections
        18 words
      • Article, Illustration
        140 6  -  By Paul Leo Straits Steamship Land ended at $3.62 yesterday, which is a minor resistance point. Short and medium-term technicals indicated that this resistance will be breach within the next few weeks. A positive indication is that the stock is trading above the 13-day moving average which has
        140 words
    • COMPANIES
      • 331 7  -  By Genevieve Cua SINGAPORE Asia Pacific Breweries signed a preliminary agreement with the Myanmar authorities yesterday to set up a brewery in the country. The plant will at first produce 150,000 hectolitres a year, rising eventually to 500,000. The initial investment
        331 words
      • 398 7  -  By A J Leow SINGAPORE Govern-ment-linked property group Pidemco Land is believed to be close to finalising a deal to build a hotel in Yangon, the capital of Myanmar. Pidemco officials won't comment as negotiations are in the final stages, but sources say the
        398 words
      • 231 7 AFP JAKARTA An Indonesian unit of Canadian nickel mining firm, Inco Limited, announced on Thursday that its earnings for last year dropped almost 70 per cent compared to the previous year. "PT Inco's net earnings for the year 1993 were US$lO.9 million
        AFP  -  231 words
      • 325 7 Bernama KUALA LUMPUR Bank Simpanan Nasional. which formalised its purchase of a 41.08 per cent equity in Bank Buruh (M) Bhd for M 586.396 million (SSSO million) yesterday, intends to list the bank within a year on the Kuala Lumpur Stock
        Bernama  -  325 words
      • 244 7 Bernama KUALA LUMPUR Technology Resources Industries Bhd is recommended as a stock to be bought on weakness as the company grows into a big telecommunications network operator and reaps gains from its overseas ventures. BBMB Securities Sdn Bhd forecasts a 69
        Bernama  -  244 words
      • COMPANY BRIEFS
        • 43 7 SINGAPORE Hamid Jinnah has resigned from First Capital Corporation's board of directors. Mr Jinnah. who was the alternate director to Scmbawang Shipyard chief executive officer Ng Pock I 00. also quit as a member of FCC's audit committee.
          43 words
        • 68 7 SINGAPORE Ong Soon Kiat, a director and substantial shareholder of Goldtron Ltd, acquired 555.000 warrants on Tuesday in the open market at $1.***** each, the company said yesterday. With this acquisition. Mr Ong now owns 18.082 million warrants of the company. Mr Ong's ownership of
          68 words
        • 107 7 SINGAPORE Pacific Can Investment Holdings Ltd pointed out yesterday that there was a typographical error in an announcement by its directors on Thursday where the price concerned came out as A 522.772.000 when it should have been A 52.772.000. The announcement on Thursday was
          107 words
        • 84 7 KUALA LUMPUR OYL Industries Bhd. which registered an 11 per cent increase in group pre-tax profit for the half-year ended Dec 31 1993. should continue to register double-digit growth for the whole of 1994. BBMB Securities Sdn Bhd has forecast a pre-tax profit of M
          84 words
        • 56 7 Corrections Clarifications SINGAPORE Chuan Hup Holdings Ltd was wrongly ranked in BTs 1993 Corporate Earnings Review published on Tuesday. During compilation, we inadvertently mixed up the company's 1992 and 1993 earnings. Chuan Hup recorded a 63.17 per cent increase in earnings and not a 38.71 per cent drop as reported.
          56 words
      • 167 7 Bernama KUALA LUMPUR Favourable growth prospects in the Asia-Pacific region augured well for Magnum Corporation Bhd, its executive chairman. Lim Ah Tam said in its 1993 annual report. Given that the Malaysian economy was being well managed and remained fundamentally sound. Magnum was
        Bernama  -  167 words
      • 275 7 MBT KUALA LUMPUR The TOA group of Thailand, through its subsidiary, TOA Paint (Malaysia) Sdn Bhd, expects to invest US$2O million (Ss32 million) in Malaysia in its first move to establish itself as a regional player. The investment is part of the
        MBT  -  275 words
      • 510 7 Maaaavs' prim Apr 9 4 II US Gr Fund 1.05 109** Singapore IMt Trust UMB Invest Mgt Ltd The Commerce 1.62 170 Unifund 1.40 1.45 The Savings fund 149 }6xd Unibond 1.02 1.05 S pore Prog Fund 0.69 0 72 United Gr Fund' 1.60 1.67 S'pore See Fund 100 1
        510 words
      • COMPANY BRIEFS
        • 64 8 Reuter SHANGHAI The Shanghai stock exchange will link its computerised trading with the Qingdao and Hunan exchanges on Monday, an exchange announcement said. This will bring to seven the number of securities centres linked to Shanghai. The others are Sichuan, Hainan, Fujian, Shenyang and
          Reuter  -  64 words
        • 91 8 Knight-Ridder HONGKONG China will not allow any foreign investment bank to lead manage more than "one or two" of the initial public offerings now planned for foreign markets, the Asian Wall Street Journal reported yesterday. The paper quoted an unnamed senior securities official as saying
          Knight-Ridder  -  91 words
        • 99 8 Bloomberg Business News TAIPEI CTCI Corp, one of Taiwan's largest construction companies, said net profit in 1993 rose 3.3 per cent to NTS6S9 million (5539.6 million). The company's directors backed a NTS 1.25 cash dividend for 1993, half 1992's NTS2.SO, said company spokesman Paul Chu.
          Bloomberg Business News  -  99 words
        • 107 8 Reuter MANILA The Philippines' Continental Cement Corp plans a tie up with Taiwanese and Chinese cement makers to finance its 2.5 billion peso (S$ 142.5 million) expansion programme, its officials said. The proposed link with Ching Ho International Corp of Taiwan and Chao Yang Heavy
          Reuter  -  107 words
      • 517 8 Bloomberg Business News NEW YORK Investors, lured by the promise of big profits in Hongkong, got a lesson this year in the dangers of overheated markets and the siipperiness of complicated derivatives securities. Top Wall Street firms sold USSI29 million (*****.4
        Bloomberg Business News  -  517 words
      • 41 8 Reuter MOSCOW Shareholders of the Russian "Independent Oil Company** protesting in the centre of Moscow on Thursday, demanding their money back. The company representatives disappeared after selling over US$5O million (5579.5 million) worth of shares. Reuter
        Reuter  -  41 words
      • 343 8  -  By< Claire Leow SINGAPORE Disk drive maker Western Digital has reported robust results for the quarter ended March 26, its third fiscal quarter, with net margins rising to 22.3 per cent despite price falls of about 6 per cent. Its disk drive's gross margins
        343 words
      • 355 8 Bloomberg Business News BEIJING Asian Strategic Investments Corp. an arm of Hongkong's Pacific Alliance Group, has raised US$l6O million (SS2SI million) for investment in China's car parts industry. President Jack Perkowski yesterday said the money would finance joint ventures with 12 to 15 Chinese
        Bloomberg Business News  -  355 words
    • SHIPS IN PORT
      • 609 8 Vessel Voy No Berth Arrival Departure Vessel Vey N» Berth Arrival Departure JWtMC Part Batam Soe«4 ****** P01* 0804 2330 09 04 0130 BatanBaru B316 19 alongside 0904 7100 Elona SC264C 0«*»* P01* 08 04/1530 0804 1830 Kit»n 4 118/19 atones* 0904 0300 Elona SC264C 0WR" P01A
        609 words
      • 2592 8 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship 1fry N» Containtrs nibble SNp Voy Wo Contahtrc ntUbkt ooa Awart ***** 07 04 94 0/30 Un Summit AN068 COXEST) 08 04 94 0/00 «Mto *****N 0/ 04.94 0800 Kuala S* 5 3040N COOlEST) 08 04 94 1900 P BtxHanan
        2,592 words
    • FINANCE
      • 508 9  -  By Joyce Quek SINGAPORE Foreign institutions contributed mightily to the bull runs in most Asian markets last year. This year, however, they are divided on markets such as Hongkong and Malaysia, as a poll of 10 fund managers by Asiamoney
        508 words
      • 182 9 KUALA LUMPUR As widely expected, Malayan Banking Bhd managing director Ahmad Mohamad Don was yesterday named the new governor of Bank Negara. Mr Ahmad. 47. will replace JafTar Hussein who is leaving the central bank over the MS 16 billion (559.3 billion) currency
        182 words
      • 33 9 Reuter BOMBAY Security guards outside the Bank of Baroda in Bombay yesterday. A nationwide strike by 1.1 million workers yesterday crippled banking and insurance operations in India. Reuter
        Reuter  -  33 words
      • 200 9 Bloomberg Business News BEIJING China's top securities regulator has warned that criminal activity threatens to undermine growth of its infant financial markets. The official Financial News yesterday quoted Liu Hongru. chairman of the China Securities Regulatory Commission, as saying that securities
        Bloomberg Business News  -  200 words
      • 314 9 Bloomberg Business News HONGKONG Jardine Fleming Holdings has partly financed an office block in Ho Chi Minh City, the local merchant bank's first investment project in Vietnam. The investment was made by JF Asian Realty Inc. a closed-end fund which invests
        Bloomberg Business News  -  314 words
      • SMALL CHANGE
        • 86 9 Bloomberg Business News FRANKFURT Dresdner Bank AG. Germany's second latest bank, said 1993 net profit climbed 10.3 per cent to 1.065 billion deutschemarks (***** million) from 965.7 million marks in 1992. Operating earnings jumped 23.5 per cent to 2.038 billion marks from 1.650 billion. The
          Bloomberg Business News  -  86 words
        • 89 9 Reuter BANGKOK Major Thai banks, the Thai Farmers Bank and Krung Thai Bank, will raise their prime lending rates by 0.25 point to 10.25 per cent. Both banks said their minimum lending rate (MLR) and minimum overdraft rate (MOR) will increase to 10.25
          Reuter  -  89 words
        • 81 9 Bloomberg Business News NORWALK. Connecticut The chairman of the Financial Accounting Standards Board said reports in the Wall Street Journal and the San Francisco Chronicle that the FASB was about to soften its proposed rule on accounting for stock options were false. The FASB has
          Bloomberg Business News  -  81 words
        • 51 9 AP HONGKONG The colony said yesterday it had granted Switzerland's Coutts and Co a banking licence. Coutts had operated a representative office in Hongkong since July 1977. and was a registered investment adviser with the Hongkong stock market regulatory body, the Securities and Futures Commission.
          AP  -  51 words
        • 44 9 AP BEIJING Two Chinese companies plan to issue stock in the United States in the form of American Depository Receipts, the official China Daily said. One was Shenzhen Reai Estate Group Co. The other was not named. AP
          AP  -  44 words
      • 148 9 SINGAPORE The Bang-kok-based Dhana Siam Finance and Securities Public Co Ltd. a major Thai finance company, has raised USS6S million (SSIO2 million) term loan facility for three years at 70 basis points over Libor (London Interbank Offered Rate). The deal was signed yesterday
        148 words
    • FINANCE & COMMODITIES
      • 476 10 Reuter KUALA LUMPUR Malaysia. the world's leading palm oil producer, is facing tight palm oil supplies in the second quarter as increasing demand and slower output trim stocks, analysts and growers said. "We'll be lucky if we can get a
        Reuter  -  476 words
      • 328 10 Reuter LONDON German government bonds will help European bond markets to the top of the performance tables this year, once they shake ofT the grip of bearish US T-bonds, analysts said on Thursday. "Europe has still got a long way
        Reuter  -  328 words
      • 282 10 Reuter AMSTERDAM West European demand for cocoa faltered in March as product exports to Russia slumped, but the rush to beat Moscow's new import taxes earlier in the year was enough to boost Dutch, German and British grindings in
        Reuter  -  282 words
      • 241 10 Knight-Ridder SYDNEY Australia's Comalco yesterday said it was taking a 59.25 per cent stake in the project to expand the Boyne Island aluminum smelter in Gladstone, Queensland. The expansion will add a third potline and aims to lift annual production capacity at
        Knight-Ridder  -  241 words
      • 479 10 DBS Bank weekly currency review US$/mark: Strong cap at 1.7260 THE greenback bottomed out at a low of 1.6588 on Mar 25 and then rallied to a high of 1.6985 on Apr 1, breaching the upper line of the bearish channel. Bulls
        479 words
      • 211 10 Reuter JAKARTA Indonesia, seeking stable world oil prices, has urged Opec president Abdullah bin Hamad al-Attiyah to call on North Sea producers not to boost output. "We have a duty to stop oil prices from falling too deeply. I expect the
        Reuter  -  211 words
      • 128 10 IT WAS a quiet day on the regional currency market with most dealers preferring to stay on the sidelines ahead of the weekend. The USS/SS continued to trade in tight ranges with no new factors to spur the market from its recent inactivity. After Thursday's
        128 words
      • 86 10 AFP NEW YORK The dollar lost ground against other major currencies with the exception of the yen in quiet early trading yesterday. At 9:15 am (1315 GMT), the dollar was at 1.7110 German marks compared to 1.7165 at Thursday's close and at 105 yen (104.90 yen). The Japanese
        AFP  -  86 words
      • 181 10 Reuter LONDON The yen was rocked by the sudden resignation of Japanese premier Morihiro Hosokawa yesterday, but analysts say it should ride out the political transition lyBy 1510 GMT, the yen had fought back to around 105.00/10 per dollar, roughly unchanged on the day after the dollar had surged
        Reuter  -  181 words
      • 179 10 ENERGY REPORT Bloomberg LONDON Oil futures on both sides of the Atlantic moved a few cents lower in limited activity yesterday as traders largely dismissed the latest International Energy Agency oil report, brokers said. In its monthly Oil Market Report, the Paris-based
        Bloomberg  -  179 words
      • Article, Illustration
        1694 10 iluIc nitfhuil ait ulafti/ awn-I S'/»»« > hi' 14 ti\ulliiy ihirtiury Bum uu /W US$/S$ forward rates Noon Apr 8 s$ Bid Ofler 1-month 1 5705 1.5720 2-month ***** 1.5720 3-month ***** 1 5720 6-month 1.5702 IS 722 Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9m m Apr 7
        1,694 words
    • COMMODITIES & FUTURES
      • 1383 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures ended weaker after a volatile session yesterday. Dealers said Euroyen, which fell in the morning on fears of an imminent hike in the discount rate, rose sharply on news of Prime Minister Morihiro Hosokawa's resignation. But it
        Reuter  -  1,383 words
      • 591 11 COMMODITY REPORTS Tin TIN closed the week four sen lower at MS 14.26 a kg. due to a lower London market overnight and weak fundamentals, traders said. "Falls in London dampened sentiment." one said, noting that fundamentals were also weak. They noted an opening
        591 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • 68 11 NEW DELHI State-run Indian Oil Corp (IOC) processed a record 24.70 million tonnes of crude oil into petroleum products in the 1993-94 (AprilMarch) fiscal year, up from 24.31 million the year before. India's 12 refineries convert some 53 million tonnes of crude oil into petroleum
          68 words
        • 68 11 TAIPEI A total of 13.08 tonnes of gold were brought into Taiwan in March, falling 12.6 per cent from 14.% tonnes a year earlier, the Finance Ministry said yesterday. March imports were valued at U*****.5 million (*****.2 million). For the first three months of this year,
          68 words
        • 103 11 PARIS The International Energy Agency says preliminary estimates from countries in the Organisation for Economic Cooperation and Develop- ment indicated OECD February oil demand of around 41.3 million barrels per day. The report said the strong February demand fundamentally transformed the physical supply/demand balance in
          103 words
        • 99 11 TOKYO Tight supplies and Indonesia's harvest delays should continue supporting Asian robusta coffee prices through the next month, Asian traders said. Benchmark Indonesian EKI grade 4 robusta prices for nearby shipment were quoted at US$l,4OO to U551,450 per tonne FOB, up from around U551,350 a
          99 words
      • 1553 11 Rubber Singapore Commodity Exchange (futures closing as at lpa) RSS 1 Contract (S ccnts/kg) Close Volume Open Month High Low Sell (tonnes) Interest May 94 149.25 149.25 148.50 50 2.200 iun 149 25 150 6.300 Jul 150.00 150 00 149.75 150 1.725 Aug 150 50 150 50 150.25
        1,553 words
    • REGIONAL STOCK MARKETS
      • 1232 12 -5.4 AUSTRALIAN shares lost ground in late trading to close lower'with news of the resignation of Japan's prime minister troubling the market. "The market reacted rather unfavourably to the announcement," one broker said. The AH Ordinaries index lost 5.4 points to 2.082.0, down from an early morning high of
        1,232 words
      • 577 12 +9.5 Share prices closed slightly higher as investors continued to fret over movements in the US and other Asian markets, brokers said. The composite index at the Philippine Stock Exchange gained 9.5 points, or 0.40 per cent, to close at 2,641.21. Philippine National Bank, which declared a five-peso cash
        577 words
      • 533 12 -1-52.79 Taiwan share prices closed higher on a strong rebound in financials and stability on Wall Street, brokers said. They expected moderate gains in financials and selected industrials in the near term. The index closed 52.79 points up at 5,528.47, off an intra-session high of 5,553. Turnover was NT550.51
        533 words
      • 431 12 +9.17 Stocks closed higher for the fourth consecutive session in a day of thin trading after blue chips staged a technical rebound, brokers said. The composite stock index stood 9.17 points higher at 872.53, comfortably off the day high of 876.06. Brokers said rumours the government would lift an
        431 words
      • 298 12 14.79 New Zealand shares ended the week on a firm note, as buying interest from overseas investors lifted the market. The NZSE-40 capital index ended at 2,131.67, up 14.79 points after trading in a 2,***** range for most of the day. Interest was mainly confined to the leaders,
        298 words
      • 44 12 +54.9 Stock prices closed higher on buying by Indian financial institutions and mutual funds, brokers said. The Bombay Stock Exchange (BSE) 30-share index closed at a provisional 3,890.73, up 54.90 points. The 100-share national index ended at a provisional 1,899.72, up 31.28 points.
        44 words
    • WORLD STOCK MARKETS
      • 895 12 •8.2 Shares closed near the day's lows yesterday unnerved by the weakness of the gilt market which was in turn taking its lead from sliding US Treasury bonds. The FTSE 100 index ended down 8.2 points at 3,120.8 after moving between 3,118.8 and 3,138.0. Long gilts fell 3/4 point.
        895 words
      • 137 12 -4.8 French stocks declined as concerns about the sale of state-owned insurer UAP added to speculation about the scope and timing of French interest rate cuts. The sale of shares in UAP, or Union des Assurances de Paris, is likely to be announced next week, traders said. The CAC
        137 words
      • 140 12 +0.57pc Swedish shares ended the week higher on foreign buying interest with indexheavy Ericsson. Investor and Volvo in the spotlight. The OMX-index was up 0.57 per cent at 1.135.2 and has risen by 6 per cent in the past week. Turnover was moderate at 1.964 billion crowns. Telecoms group
        140 words
      • 182 12 +1.93 German stocks were little changed in after-hours trading as investors speculated the Bundesbank will trim leading interest rates next week. The DAX Index of 30 German stocks in post-mar-ket Ibis trading closed at 2,203.15, nearly unchanged from the day's official close. In official trading, the DAX rose 1.93
        182 words
      • 158 12 +12.61 Belgian shares were firmer at the close, boosted in late trading by a bout of Bcl-20 index basket buying, and underpinned by hopes of lower interest rates. Continued strength of the dollar against the franc provided underlying support, but dealers said investors were still worried about the risks
        158 words
      • 156 12 177 Italian stocks closed at another high for the year on signs the right-wing coalition that won last week's elections will soon form a government, traders said. The market's blue-chip Mibtcl Index closed 177 points, or 1.5 per cent, higher at 12,096. It has risen 21 per cent this
        156 words
      • 265 12 +2.67 Dutch shares ended the week on a high note on short-covering prompted by the market's recovery from recent lows and a robust performance by blue-chip Royal Dutch for the third straight day. Dealers said the rally could continue next week, if Wall Street stabilises, sustained by the downward
        265 words
      • 239 12 +8.41 Swiss shares ended firmer, but ofT earlier highs after buying interest dried out in afternoon trading, dealers said. They added that general sentiment had been positive. However, opinions were divided whether the sharp market of the last two months had now come to an end. The SMI added
        239 words
      • 277 12 +116 Shares closed sharply up mainly on confidence over the peace summit underway between major leaders, but dealers said they were not sure the mood would hold and it depended on the outcome of the talks. The overall index was 96 points higher at 4,954, industrial index, 116 higher
        277 words
      • 277 12 +10.64 Toronto stocks continued flat in sluggish trade at midday yesterday. Brokers say a mid-week flurry of bargainhunting is over, leaving the market awaiting first quarter results. The TSE 300 composite index stood at 4,349.91 at midday, up 10.84 points. Volume was 27.56 million shares valued at Cs2B6 million.
        277 words
      • 713 12 -16.99 Wall Street stocks weakened yesterday as the absence of fresh economic data paved the way for profit-taking after the week's rally, analysts said. The Dow Jones Industrial Average turned decidedly lower at midday and was down 16.99 at 3,676.27 at 1 pm. The Nasdaq index was down
        713 words
      • 605 12 Vienna Anr S Asrfc All* 1945 5 Bant Mrtru <P) Ml I < MHlMiu 1045 uiH'h FlutJuIrn MK < Irn/ing I.WO 7 Lokjcn 450 2 Sw\«r-D P IJ5 2 1400 t M VnhdKT 565 I iei»cit<cn .1100 13 Source: Bank Austria Aktiengesellchaft Nasdaq Aar 7 ISS \do4ph oors Bm» inf
        605 words
    • Article, Illustration
      2996 13 Bloomberg Business News HONGKONG Stocks closed higher yesterday as investors awaited further indications that interest rates here and abroad will stabilise. A rise in shares of real estate company Sun Hung Kai Properties and conglomerate Jardine Matheson offset a decline in conglomerate Hutchison Whampoa. "Many investors will wait for
      Bloomberg Business News; Source: Bridge Info  -  2,996 words
    • Article, Illustration
      516 13 THE Shanghai B market closed lower with the CLSA B index losing 10.82 points to 712.66. Trading was dispersed although turnover was low at US$2.3 million. The biggest loser was Sanmao, which shed 6.S per cent after gaining ground from the previous trading days. Tyre Rubber also fell 4.S
      516 words
    • Article, Illustration
      2534 13 Bloomberg Business News TOKYO Stocks closed the day little changed after bouncing back from an intraday 2 per cent drop on the news that Prime Minister Morihiro Hosokawa intends to resign. Mr Hosokawa formally announced his resignation after the market closed, saying he and his Cabinet will step down
      Bloomberg Business News; Source: Bridge Info  -  2,534 words
    • Article, Illustration
      1679 13 Reuter BANGKOK Thai stocks closed only slightly lower after fluctuating all yesterday in a 15-point range, brokers said. The SET Index inched down 0.74 points to close at 1,224.0 on thin 2.8 billion baht turnover, against Thursday's 4.2 billion baht. "The market fluctuated today as profit-taking emerged ahead of
      Reuter; Source: Bridge Info  -  1,679 words
    • Article, Illustration
      1157 13 Bloomberg Business News JAKARTA Indonesian shares fell as mutual funds, flooded with requests by clients seeking redemptions, sold holdings to raise cash yesterday, traders said. The Composite Index fell 4.55 points, or 0.97 per cent, to close at 463.43. Volume was 15.4 million shares worth 85.4 billion rupiah. Declining
      Bloomberg Business News  -  1,157 words
    • 2744 14 MOST ACTIVE volume Prumct 4.641.000 Mm H\«l 50c .1.056.000 Mulpha Intl MX 2.201.000 AMDS 50c 2.095 000 Kcnong Bhd 50c 1.693.000 Juhan Hide 50c 1.302.000 Lien Hoc TSK97 1.195.000 kamuniing 50c 1.135.000 Fabcr (iruup 1.019.000 Set Drcdg 50c 754 000 K.BCorpn 50c 749 000 Insas Bhd 745.000 Landmarks
      2,744 words
    • KUALA LUMPUR STOCK EXCHANGE
      • 5852 14 Bloomberg Business News KUALA LUMPUR Malaysia's benchmark Composite Index closed little changed yesterday as local investors, bruised by this year's fall in share prices, remained largely inactive for the second consecutive day, analysts said. The Kuala Lumpur Stock Exchange's benchmark fell 4.23 points
        Bloomberg Business News; Source: Bridge Info  -  5,852 words
    • STOCK EXCHANGE OF SINGAPORE
      • 7285 15 MAIN BOARD Transaction date: Apr 8 (if fit IttVM Last Vai Day Last Qaot« LH> Id. \M N« M Cap High Ln Coapaay Safe (IN) High law ftqw Sritrr Or X P/E Wl ■MISTRIAL AND COMMERCIAL 1440 240 I s Acnu 930 cd +IJ 78 93$ 90$ 930 93$ 17.5
        7,285 words
      • 1903 16  -  By Paul Leo SINGAPORE Investors continued to drag their feet yesterday in the absence of leads from overseas markets. Combined turnover on the main board and Clob fell to 78.75 million units valued at $218.12 million, down from Thursday's 82.82 million
        Charts by Bridge Info; Source: Bloomberg  -  1,903 words
  • Page 6 Advertisements
    • 388 6 NEWS VALUE How IihIuv v mm.v might affect your stinks Hosokowa quits; Tokyo market plunges then recovers (pg I) On second thoughts, the market recovered. Event therefore not likely to have significant impact on regional markets unless succession becomes messy. New KL curbs on reverse takeovers (pg 1) Would take
      388 words



  • Page 9 Advertisements
    • 676 9 (1) Strategic Thinking And The HR Professional April 12 Members $360.50* Non-members $494.40* Corporate success is dependent on the clear understanding of current and future business strategic thrusts. Implementing the processes of Strategic Thinking and Strategic Drive will help steer any organization, regardless of size or current success level, towards
      676 words
    • 229 9 EXPRESS SHARE OAN If* It's Quick and Easy. Get instant I j cash for your shares over the R jf counter at any of our 28 branches. 1 Use the loan for any purpose. w* 1 Loans from $2,000 to $100,000. Rf MANY OF OUR CUSTOMERS HAVE ENJOYED THE BENEFITS!
      229 words


  • Page 11 Advertisements
    • 49 11 Graphic Dynamics, a Dutch design group, specialized in packaging, standdesign, displays, brochures and catalogues, is searching for a joint venture with a company in SouthEast Asia. Please write to: Graphic Dynamics, P.O. Box 420, 12S0AKLaran, The Netherlands EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... Toadwertieeyour 1-600-741-1883 H— Tl—
      49 words
    • 364 11 In the Matter of the Companies Act, Cap.so CHUAN LEE IMPEX (S) PTE LTD (Incorporated In Singapore) SPECIAL RESOLUTION At an Extraordinary General Meeting of the members of the abovenamed company, duly convened and held at 3 Sungei Kadut Street 5, Singapore 2572 on sth April 1994 the following Special
      364 words
    • 38 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead. Th e SIiIMTSTWIES Wr offers Bp the most current Br list of job 1 5 opportunities available. irf
      38 words

  • Page 12 Advertisements
    • 41 12 SINGAPORE rB 1 Business Times WE KNOW AMU Customer Relations Section Circulation Department Singapore Press Holdings Limited 82 Genting Lane Occupation Fax p© B®!®* I News Centre Singapore 1334 £sjSSSßfifJapfßf5jSSSBfifJapfBf m Tel: 1800-749 2577 Fax 744 4875 Tel: (O) (H) V
      41 words

  • Page 13 Advertisements
    • 34 13 ACTAL NEUTRALISES STOMACH ACID." quick relief from stomach discomfort, jp|n A Sterling 9 P a n indiges- RCLIiVCS GASrm p m i Health tion and heartburn, h HeARTBURN^D PstTSroMAeH 'gg 3 I z s
      34 words

  • Page 14 Advertisements
    • 107 14 All aim** ami Mi arc listed n SfcN part **r «kiii ma H MtMhAMtw tX^Zw^S!^ P 37-640 (14' Tetetext) M 82-795/9 PV TOPJNicam Stereo) ST *****/8 tem (Nicam Stereo) E-72-911 TOP (Nicam Stereo) P 37-050 (Designed by FA Porsche) m i AVAILABLE AT ALL LEADING ELECTRICAL DEALERS M,tT ASIA RADIO
      107 words
    • 4 14 Monday in Business Times
      4 words

  • Page 15 Advertisements
    • 36 15 ACTAL NEUTRALISES STOMACH ACID. quick relief from stomach discomfort, fast-ACMG j^SSEBk O Health tion and heartburn, j- and J a The Specialist j— draws on the right media and the right company. Classified the people finder.
      36 words

  • Page 16 Advertisements
    • 135 16 BUSINESS TIMES TOLL-FREE TEL. No. 1-90Q-741-1883 FAX: 741-1296 Vacancies for Legal Assistants Messrs Loo Partners invites applications for legal assistants to join its expanding departments as follows: Litigation Department (experience in admiralty work will be an added advantage); General Corporate and Banking Department (experience in handling listing applications, mergers and
      135 words
    • 315 16 NOTICES CSA HOLDINGS LTD (Incorporated in the Republic of Singapore) NOTICE OF CLOSURE OF BOOKS NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Members of the Company will be closed from 28 May 1994 to 31 May 1994 (both dates inclusive) for the preparation of dividend warrants.
      315 words
    • 461 16 THE COMPANIES ACT. CAP. M CHEVION INVESTMENTS PTE LTD (la Mirim 1 Vihintary "f At an Extra-Ordinary General Meeting of the Company heid at 10-14 Waterloo Street,Surry Hills. NSW. Australia oa3lst March. 1994. die following special resolubou was pnsaed*Thal the Company he wound up voluntarily and Ma Low Kah Buay
      461 words
    • 349 16 M THE MATTER OF THE COMPARES ACT. CAP. SO AND M THE MATTER OF NOXELL (SMQAPORE) PTE LTD (M MEMBERS' VOLUNTARY UOUDATON) NOTICE OF HNAL MEETWQ NOTICE IS HEREBY GIVEN pursuant to Section 300(1) ol the Companies Act. Cap. 50 that tha Final Maating of Members of tha Company w0
      349 words

  • Executive Lifestyle
    • 1629 17  -  Older flats may get a new lease of life as developers gentrify them or turn them into condos. Tan Su Yen reports Tan Su Yen HOMEBUYERS no longer have to toss up between a brand-new apartment or a charming old flat in dire need of
      Photos by Chris Loh  -  1,629 words
    • STRAWS IN THE WIND
      • 210 17 HOAXSTERS were out in force on the first day of the month, aiming to prove there's no fool like an April fool. •In Moscow, Moskovsky Komsomolets published a photo of former president Mikhail Gorbachev with a mop of curly hair, saying it sprouted after he
        210 words
    • OPINIONS
      • 735 18  -  Corinne Kerk wishes local taxi operators would learn to provide efficient service with the same alacrity with which they raise fares Corinne Kerk The writer is a BT reporter ONE cannot but despair over the recent announcement that taxi fares in
        735 words
      • 899 18  -  To see Schindler's List as just a Jewish movie is to miss the big picture, says Lewis Mitchell Lewis Mitchell The writer is a BT reporter THE JEWS as a people have been persecuted since time immemorial. From the days of the Pharaohs, the
        899 words
      • 882 18  -  John Helmer finds Russia's parliament unwilling to kowtow to Boris Yeltsin and itching to teach him a lesson John Helmer The writer is BT's Moscow Correspondent IN NOVELS and on the stage, when a despot calls aloud to be rid of his accuser, it is no
        882 words
      • 281 18  -  LETTER TO THE EDITOR Michael Tang THE Asian Mali Street Journal carried a news item on March 29 on the very high salary packages enjoyed by senior executives of the major US investment banks and securities firms. Specifically, the
        281 words
    • VIEWPOINT
      • 2804 19  -  MS THE RAFFLES J CONVERSATION Gary Hart, who was hounded out of the 1988 US Presidential election, tells Vikram Khanna about the highs and lows of his 15-year political career. He also talks about his friendship with President Bill Clinton and the Whitewater affair Vikram Khanna 6
        Photo by Chris Loh  -  2,804 words
      • 438 19 WHAT has Gary Hart been up to since he dropped out of public view in 1988? "I've been living in my homestate of Colorado, doing international law and business, writing articles and books, giving speeches, and travelling. I have been doing a great deal of work
        438 words
      • 465 19 ONE OF Gary Hart's bestknown traits as a politician was an uncanny instinct for being able to foresee the burning issues in the years ahead, and to anticipate what societies would be concerned about and forced to deal with. That was one of the qualities which
        465 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • 71 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance Securities, Baring Securities. Crosby Securities, Daiwa Securities Singapore. DBS Asset Management. Kay Hian James Capel. Kim Eng Securities. Morgan Grenfell Asia. Nomura Research Institute. OC'BC Investment Research. Ong Co. Peregrine
          71 words
        • 151 20 Nomura Research Institute (Apr 7) Singapore Airlines. Buy for medium-term earnings recovery. Economically-sensitive airlines are "in". FY94 PER of 17.9 x. Ho Hup. As part of UEM, should benefit from its M 52.5 billion (551.46 billion) order book kicking off in 2H94. Strong rebound in FY9S earnings. Smith New
          151 words
        • 261 20 Credit Lyonnais International Asset Management (HK) Ltd "To buy when others are despondently selling and to sell when others are greedily buying requires the greatest fortitude and pays the greatest reward." John Templet on, 1985 Should we be buying China now that all the "fundamental"
          Source: CSLA  -  261 words
        • 180 20  -  Low Siew Kheng Head of Research Baring Securities 7 ith the index 1/1/ now correcting T to levels prevailing in Oct 1993, and with all the excesses of 4Q93 removed, 1 now feel happier with valuation levels. Earnings upgrades after the reporting season have also brought down
          180 words
      • 524 20  -  Going by fundamentals, the KLCI may yet hit 1,400 before the year runs out, reports Joyce Quek Joyce Quek The bulls down but not out in Malaysia. While there is likely to be a speculative spurt if elections are held this year, stick to
        524 words
      • 1000 20  -  Lilian Ng on how the stock market fallout has affected the performance of local unit trusts Lilian Ng The writer is a freelancer who contributes regularly on investment subjects ITS A classic chicken-and-egg situation. Stock markets are not performing that causes investors to cash out
        1,000 words
      • 842 20  -  Fund managers tell Teh Hooi Ling this is the best time to invest in the Chinese market Teh Hooi Ling CHINA has certainly more than its fair share of problems just now. They include economic overheating, runaway inflation, inadequate laws, succession
        Source: Micropal  -  842 words
      • 794 20 Launch I mth 3 mths 6 mths I yr 2 yrs 3 yrs ttaakiag m at April 4. 1W4 Singapore Straits liaws -11.18 -14.21 3.58 24.73 47.1* 39.5* Credit Lyonnais Singapore Gr 28.07.69 -14 54 9 -17.75 7 2.55 10 6 7 36 2 125.23 1 125.93 2 OCBC Saver*
        794 words
      • 1074 21  -  By Ven Sreenivasan THE FIRST thing that catches the eye of someone scanning through Berger International's initial public offer prospectus is its earnings profile. One would expect a company with a 200-year history and a pan-Asian presence to report more than a mere
        1,074 words
      • 541 21  -  Spotlight currency By Paul Leo THE AUSTRALIAN dollar still has some upside potential despite the recent drop to U550.7073 per AS on Thursday from its recent peak at U550.7292 on Feb 25. The Organisation for Economic Cooperation and Development said on Thursday that
        Source: Bloomberg  -  541 words
      • 549 21  -  CHLJRT Paul Leo IN JANUARY, Business Times featured an American trader Robert Krausz who was in town to speak on his method of trading called Symmetries. Mr Krausz, who was also featured in Jack Schwager's book, New Market Wizards, predicted
        Source: Business Times  -  549 words
      • 43 21 IN OUR ACU deposit rates table (Business Times, weekend edition, Mar 26/27), it was stated that Maybank's rate for one-month deposits of A 525,000 250,000 was 4.000 per cent per annum. It should be 4.0625 per cent. We apologise for the error.
        43 words
    • 771 22  -  Cinema Rcvww By SUSAN TSANG ONCE upon a time, there was a cute, appealing kid. who starred in a movie where he was left behind when his family went on holiday. He defended his house against burglars, the film made an obscene amount of money and. based
      771 words
    • 664 22  -  By SUSAN TSANG CALGARY might be more famous for Eddie "The Eagle" Edwards the shortsighted ski jumper with an amazing lack of prowess who gave Britain the undisputed last place at the Winter Olympics in 1988. Other notable losers at those same Games were the Jamaican
      664 words
    • 1318 22  -  Susan Tsang gets bullish about after meeting an ardent collector with a hundred choice bruins in her care Susan Tsang JUDY LYE is a woman with a mission: to publicise bears. No, this isn't an embittered refugee from the stock market; rather, she's a
      Photos by Chris Loh  -  1,318 words
    • 619 23  -  Book Review By CLAIRE LEOW Private Parts Other Play Things By Michael Chiang Landmark Books 295 pages, $13.29 (with GST) MICHAEL CHIANG'S plays are better staged than published, as the compilation Private Parts A Other Play Things bears testimony. Rather than read as static pieces of
      619 words
    • 740 23  -  CO Ifoisvr By R SIVANITHY SOUNDGARDEN: Saperanknown Right from the opening rumbles of Let Me Drown to the infectious rhythms of Spoonman, Soundgarden manages to add different dimensions to the genre known as grunge rock with this album. Seattle's Soundgarden, together with Pearl Jam, are
      740 words
    • SPORTS
      • 775 24 US Masters AP AUGUSTA, Georgia Larry Mize and Greg Norman have been down this road together before. Mize's one Masters championship is just one of Norman's many disappointments. Mize grabbed the lead on Thursday after the first round, at Augusta
        AP; Reuter  -  775 words
      • 342 24 AP AUGUSTA, Georgia Tom Kite called the hole "a disaster". It was. There was a 10, two 9s. two Bs, five 7s and numerous 6s. Meet the par-5, 450-metre No IS at Augusta National Golf Club that turned some of the world's
        AP  -  342 words
      • SHOTS
        • 67 24 AP TWO SUBJECTS of Masters lore had problems in the opening round on Thursday. "I couldn't keep it inside the trees," six-time champion Jack Nicklaus said. "My short game was horrendous," Arnold Palmer, a four-time winner, said. "My putter had the jumps, wouldn't hold still."
          AP  -  67 words
        • 94 24 AFP AUSTRALIA'S former British Open champion lan Baker-Finch was pleased to find himself one-under-par on 71 after the first round of the 1994 Masters, especially after two bogeys in the first three holes. "My chipping and putting was excellent," he said. "I seem to have the
          AFP  -  94 words
        • 92 24 AP THERE'S been a lot of talk among the players about the effects of beta-blockers, a prescription drug commonly used to treat high blood pressure. Former touring pro Mac O'Grady accused some players of using the drug, which slows the pulse rate, to help
          AP  -  92 words
        • 75 24 AP ITS getting harder and harder for counterfeit tickets to actually make their way onto the hallowed grounds of Augusta National. Masters officials added a new wrinkle to detecting bogus tickets on Thursday. Each ticket contains a bar code that is being scanned by Pinkerton
          AP  -  75 words
      • SPORT SHORTS
        • Article, Illustration
          238 24 AFP AUGUSTA, Georgia 1994 IS Masters first round on Thursday (US ualess stated, a-de notes amateur): 68 Larry Mize 69 Tom Kite. Fulton Allem (SA) 70 Tom Lehman. Ray Floyd. Seve Ballesteros (Spn). Vijay Singh (Fiji). Tom Watson. Greg Norman (Aust) 71 Hajime Meshiai (Jpn). Lan BakerFinch (Aust). Corey
          AFP  -  238 words
        • Article, Illustration
          69 24 Reuter BEIJING Chinese walker Pu Lingtang bettered the men's 20 km walk world record in the national athletic walk championships in Beijing. the official Xinhua news agency reported yesterday. Pu. 23. finished the event on Thursday in one hour 18 minutes 03 seconds, chopping 10 seconds off the previous
          Reuter  -  69 words
        • Article, Illustration
          125 24 Reuter AFP NEW YORK Major Leag«e on Tlrarsday American: Boston 9 Detroit 6: NY 18 Texas 6: Minnesota 7 California 4: Cleveland 6 Seattle 2: Milwaukee 12 Oakland 2. National: San Diego 8 Atlanta 10 (in 11); Colorado 8 Philadelphia 13; LA 0 Florida 1. Reuter CHICAGO Retired basketball
          Reuter; AFP  -  125 words
        • Article, Illustration
          30 24 Reuter NEW YORK NBA oa Thursday: New Jersey 93 Atlanta 87: NY 97 Cleveland 94 (OT): Houston 134 Golden State 102; Denver 104 Seattle 90: Utah 99 Dallas 82.
          Reuter  -  30 words
        • Article, Illustration
          60 24 Reuter COLOMBO Sri Lankan cricket captain Aijuna Ranatunga and three players, as well as five selectors. quit in a furore over a fitness test but a new side was named quickly for this month's tour of Shaqah. A spokesman for Sports Minister Nanda Mathew said the minister approved the
          Reuter  -  60 words
        • Article, Illustration
          32 24 Reuter NEW YORK NHL oa Thursday: Boston S Ottawa 4; Philadelphia 3 Florida 3 (OT): Quebec 5 Hartford 2: St Louis 6 LA 2: Vancouver 3 San Jose 2. Reuter
          Reuter  -  32 words
        • Article, Illustration
          176 24 AFP AFP CHICAGO A profit as great as US$25 million (5539.5 million) is being projected by organisers of this year's World Cup. with some of the funds being aimed at helping start a top-level US pro league. Alan Rothenberg. chairman of the US Soccer Federation and the World Cup
          AFP  -  176 words
        • Article, Illustration
          68 24 AFP TOKYO World number one Pete Sampras had to reach for a third-act win over Patrick Rafter here yesterday to secure a semi-fi-nal berth at the Japan Open. The defending champion dropped one set before beating the Australian 6-1, 5-7. 6-1. Second seed Michael Chang had to woric a
          AFP  -  68 words
    • PEOPLE
      • 207 24 IT WASN'T any ordinary cocktail, but a special preview cocktail for about 150 clients of Christie's Singapore. The aim to meet and chat with international representatives and experts on $5 million worth of Straits Settlement stamps. South-east Asian paintings, ceramics and jewellery. Hence, in
        Photos by Chris Loh  -  207 words
    • TIME OFF
      • 837 25  -  Shahiron Sahari jostles with throngs of rugby fans at the Hongkong nightclub scene Shahiron Sahari FOR THOSE who don't actually play in the annual Hongkong Rugby Sevens, there is still a huge scrum to out-manoeuvre the huge maddening crowds at the nightclub scene. While
        837 words
      • 202 25 Produced by Cameron Mackintosh, one of the world's most popular musicals lands on our shores Victor Hugo's masterpiece about a man's long struggle against persecution and spiritual redemption is set against a student uprising in Paris. Till Apr 17. 7.30pm nightly except Mondays. Kallang Theatre. Weekend matinee shows at
        202 words
      • 381 25 The Little Angels of Singapore Performance by a group of young artistes, ranging from six to 12 years in age. They have at least four years of experience studying the arts from award-winning choreographers Som Said, Yan Chong Lian and Neila Sathyalingam. Tomorrow, 6.30pm to 7.30pm at Musical Fountain.
        381 words
      • 210 25 Leaving Home Chronicle of a generation, in German with English subtitles. Hermann Simon was born in Schabbach in 1940. Before he leaves his village he swears never to return to this provincial backyard, to devote his whole life to music and never to fall in love again. Find out
        210 words
      • 1470 25 Science Lectures Using artefacts borrowed from the British Science Museum. Gareth Roberts, vice-chancellor at the University of Sheffield, will trace the development of lighting, telecommunications, television and music systems for the home. Apr 11: Technology in the Home: Apr 12: Entertainment in the Home. For more details
        1,470 words
      • 402 25 Putau Ubin Nature Treasure Hunt A spccial projcct by Nature Society (Singapore) and Timberland. in conjunction with Earth Day 1994. This environmentally-friendly hunt is open to corporations and the public to raise funds for the building of a new Field Centre on Pulau Ubin. Donations are welcome. A minimum
        402 words
      • 218 25 Coming Together... Again Five original playlets by Theatre People all ingeniously written by 'A' level students tackling some interesting topics lesbianism, family ties and the struggle to keep age-old traditions like Chinese opera alive. Today. 7.30pm at the Guinness Theatre. Tickets at $8. Basic Photography This 12-session
        218 words
      • 128 25  -  Compiled by Wee N H Sistic outlets are at Forum Galleria, Liang Court, Raffles City, Scotts. Specialists' Centre, Takamimaya. Cold Storage at Jelita, Promenade and World Trade Centre, and at the Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at Metro stores. Wisma Atria, Centrepoint and Tangs. Hotline: 269-2929.
        128 words
    • EPICURE
      • 654 26  -  Bm AppeUl By JAIME EE KEY LARGO is a nice name for a restaurant trying to link it with the Humphrey Bogart movie almost has you imagining Bogie and leading lady Bacall locked in a lover's embrace, hurricane swirling around them. Then BacaH's eyes widen, she
        654 words
      • 717 26  -  Corinne Kerk Corinne Kerk has a memorable Spanish feast in Perth SPANISH food isn't exactly the craze in Singapore. So it was a pleasant experience for us Singaporeans whose tastebuds are still unaccustomed to Spanish cuisine to eat at the lovely Toledo restaurant in Perth, Western Australia.
        717 words
      • 607 26  -  Wlm By N K YONG MENTION South African wines and the name that comes up most often is Pinotage. This usually produces great puzzlement as the wine and vine is unique to South Africa, perhaps its most famous wine export. The grape is a hybrid, produced
        607 words
    • Article, Illustration
      992 28 A Home Of Our Own. Kathy Bates is a mother of six who gets the brood to build a house in an Idaho field. Midnight tonight and spm tomorrow at Lido. American Yakuza. An FBI agent goes undercover as a yakuza and feels that he belongs. Cathav 1: 11;
      992 words
  • Page 17 Advertisements
    • 149 17 1 fl'IM f -fv». i, iM v, What intrinsic quality does THIS CLOCK POSSESS WHICH ALLOWS IT TO REPRESENT SWITZERLAND ALL OVER THE WORLD? FOR DECADES WATCHTHE WORLD BEEN DISTINGUISHED WITH EXCLUSIVELY ON ZM DERIVING ALL ENERGY FROM WORKS SO DEPENDABLY THAT EVEN IN 4.000 YEARS'TIME ITS MOON-PHASE DISPLAY t
      149 words

  • Page 18 Advertisements
  • Page 18 Miscellaneous
    • 69 18 -TVIC FIRM'S T£* TU£ FlßM's J Aj»rs -me tvift-neR J MS.BBISTOW? M£'S V P«o3r P>S IF wplS DRUrtlf.J. X r-r), li —r r M) IS w# J——m£&<MwaMMn—wim.iMmii &dL> 9ua DOONESBURY GARRY TRUDEAU fJa/wcErSESjHBH I YOU HAPN7 O£GN N7HE F&VLAMS-ANP6ETTING I QUESTION BtfORB, IS THIS A I UIRON6PLAC&ATTHE CAUGHT YOUVB dCCOME
      69 words


  • Page 20 Advertisements

  • Page 21 Advertisements
    • 330 21 SlM<*Po«t civil s i v i t I n 'j RESEARCH PLANNING DIVISION frh frti frti IrYi I7h requires 1) DIRECTOR (up to $140,000 per annum) 2) DEPUTY DIRECTOR (up to 120,000 per annum) The Ministry of Trade Industry seeks motivated and dynamic Singapore Citizens or Permanent Residents with a
      330 words


  • Page 23 Advertisements
    • 43 23 I *****11 l l 6 5 *****T T 30«03r >' > w ?<>!^2kiftßttAlASAlialliSAitAa^^^^^H u Hj H H m| I J yj T n linn .Hn>wtty~>.»—l _^M Buy pott olßni SM Ean CMn MoM SPC BP. PuMMwd by Ttnw Pm\u*uk, mombor of Singapore Piws Holdings w
      43 words



  • Page 26 Advertisements
    • 143 26 4hji i" V Ume Set- Skewer with Deepfried Scallops Vegetables, Grilled Salmon with Teriyaki Sauce and Cold Green Tea Noodles. Aoi Set Panfried Sliced Beef with Onion and Cafifomia Maid. Sushi Teppanyalri Buffet at $28++ also available 4t Jl (M*x4>r IMMNESE RESMURANT 352 NmvtUtk Km* Twjyir. 03H TeL *****22 Fmx:
      143 words

  • Page 27 Advertisements
    • 1191 27 Northing ReatsAßlld BfcVj'fl WHERE to wine, dine and entertain or 1- Our weekend high tea is so satisfying, people sometimes break into song. Choose from a sumptuous variety of savoury and sweet favourites. And if that's not enough, our high tea special also includes karaoke at Singsation. •sn!sO (adult) 8.00
      1,191 words

  • Page 28 Miscellaneous
    • 2399 28 TODAY'S TV (See Movies). AM Close. Charlie And The Great Baßoon Superstars Of Action, 4.30pm, Chase, 2pm, SBC 5 SBC 5 A retired railroad worker at- The career macho man tempts to cross the country in Charles Bronson, the a 5.50 AM Summary. grandson decides to tag Robert Wagner hosts
      2,399 words