The Business Times, 6 May 1995

Microfilm: NL19982
Total Pages: 28
1 28 The Business Times
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  • Title Section
    Masthead
    13 1 Business Times MITA(P) 194/12/94 Weekend Edition, May 6-7 1995 WE KNOW ASIA 85*
    13 words
  • Article, Illustration
    Lock icon Aokam stumps analysts with 13.4% slide in earnings
    591 1  -  By Amy Balan SINGAPORE Aokam Perdana, the Malaysian corporate star that has dazzled local and international investors for the past four years, came down to earth yesterday. After wowing investors with a near-doubling of profit every year since 1991, Aokam stumped them
    Source: Bloomberg  -  591 words
  • Article, Illustration
    Wing Tai, Hong Leong bag Claymore block for $273m
    479 1  -  By Lilian Ang SINGAPORE Listed Wing Tai and the Hong Leong group have prevailed over several other parties to clinch one of two tower blocks at The Claymore for an attractive $273.2 million or $1,260 per sq ft. The relative speed
    479 words
  • Article
    Lock icon US jobless rate hits 5.8%, recession feared
    187 1 Bloomberg Business News Reuter WASHINGTON The US economy, stymied by a pullback in consumer spending, unexpectedly posted the first job loss in more than two years in April as the unemployment rate surged to 5.8 per cent. Last month's loss of 9.000 jobs
    Bloomberg Business News; Reuter  -  187 words
  • Article
    Rajan Pillai gets 10-day bail extension
    526 1  -  Federal agency may be moving for his extradition By S N Vasuki SINGAPORE Fugitive biscuit king Rajan Pillai has received a 10-day extension of bail from a court in Kerala, India, amid indications that the country's Central Bureau of Investigation (CBI) is preparing to
    526 words
  • Article
    Lock icon No reason to raise interest rates now: Bank Negara
    414 1 Bloomberg Business News Bernama. KUALA LUMPUR The current economic situation in Malaysia does not warrant a tightening of monetary policy or raising of interest rates, said Bank Negara. "We currently do not see price pressures that would warrant further tightening." said
    Bloomberg Business News; Bernama.  -  414 words
  • 2am LATEST
    • Article
      Lock icon Dow down 2 points
      79 1 Reuter NEW YORK Stock prices recovered from big early losses yesterday and were narrowly mixed after a government report sparked worries that the economy was slowing down too sharply and might tumble into recession. The Dow Jones Industrial Average fell 1.73 points and stood at 4,357.93
      Reuter  -  79 words
    • Article
      Lock icon EU clears Croatia of abuse allegations
      43 1 Reuter ZAGREB European Union monitors cleared the Croatian army yesterday of allegations that it mistreated defeated Serb soldiers in the town of Pakrac amid mounting tensions in the rest of the country and fresh fighting in Bosnia.
      Reuter  -  43 words
    • Article
      Lock icon EU to make proposal on currency decision: sources
      46 1 Reuter BRUSSELS The European Commission is set to propose a delay of up to a year between European Union leaders deciding when to move to a single currency and actually taking the plunge, EU sources said yesterday. Reuter
      Reuter  -  46 words
  • Article
    MARKET SUMMARY
    171 1 Stock market indices Friday Change STII 2,058.8 -11.18 KLSEComp 956.44 +5.06 Nikkei closed Hang Seng 8,332.17 +12.42 SET Index closed Jakarta Comp 427.01 +2.69 Manila Comp 2,520.66 +48.54 Taipei WPI 5,574.99 -124.15 Seoul Comp closed Bombay BSE30 ..3,196.25 +92.02 CLSA China B 740.69 -1.47 Aust All Ord 2,065.9
    171 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • Article
      All workers to benefit from Singapore's go-regional move: SM
      372 2 WORKERS left out of Singapore's go-regional venture will still get a share of its returns, says Senior Minister Lee Kuan Yew. Speaking to NTUC News, Mr Lee said: "The prime minister and his colleagues are looking at different ways to give
      372 words
    • Article
      Computer firms prefer overseas subsidiaries to partnership
      335 2  -  By David Mok COMPUTER companies here that plan to expand overseas this year are more likely to do so by way of setting up whollyowned subsidiaries than they were before. In a survey of computer companies released yesterday, almost half of the respondents
      335 words
    • Article
      Civil Service to be an agent of change
      458 2  -  New plan launched to create the right environment By Chuang Peck Ming THE Civil Service is to be transformed from a barrier to change to an agent of change. This will not happen overnight but the process has begun with the launch
      458 words
    • Article, Illustration
      Bugis Junction hotel aims to hire 420 staff this weekend
      310 2 THE yet-to-be-opened 384room Hotel Intercontinental Singapore at Bugis Junction will conduct a mass recruitment exercise this weekend. A spokesman for the five-star hotel said yesterday there were vacancies for 520 general staff such as cooks, housekeepers and front office employees.
      310 words
    • NEWS ROUNDUP
      • Article
        Firm in tie-up with UK university press
        82 2 HOMEGROWN World Scientific Publishing has concluded an agreement with Imperial College. London, to form a new joint venture. Imperial College Press. This is the first time a Singapore company is running and taking charge of a famous UK university publishing house, it said
        82 words
      • Article
        China condo units set aside for S'poreans
        59 2 TWENTY UNITS of a property in Shanghai called Royal Orchid Villa have been set aside for investors in Singapore, said Jones Lang Wootton, which started marketing the project yesterday. The luxurious condominium in Xuhui district is being developed by Shanghai Dong Lian Property
        59 words
    • Article, Illustration
      Smaller firms must focus more on training: Boon Yang
      419 2 SMALLER companies are not dipping deep enough into their pockets or the Skills Development Fund to spend on worker training. Labour Minister Lee Boon Yang said yesterday. Training accounts for less than 2 per cent of their payroll, he said at
      419 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      325 2 I BSE f ENGLISH NUMBER Children's Funland Ten Uttle Indian Boys 910 0001 Usborne Book Line supernatural Cinema 910 0002 Horse Racing Results 6/5. sat 911 0001(*) 4D/Sweep/Toto I Toto Draw No 969 911 0002(») Tele-Games Crack The Safe Mrs Wizards 911 0003 Crystal Ball 9 Mensa Line Puzzles in
      325 words
    • Advertisement
      Page 2 Advertisements Column 2
      167 2 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaobao 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. Matog
      167 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      467 2 i WEATHER j Singapore: Showers over several areas in the afternoon Temperature (24-32* Asia-FacMc Mi/to 1 Cut. Can** Ki/lV Cm* Buenos 19 09 Cloudy Auckland 19/11 Showers Amsterdam 14/09 Cloudy Cr»cagD 17/06 Sumy Bangkok 36,25 Tstomi Alliens 23/14 Sunny Honolulu 27/21 Cloudy Beyr* 26/11 Tstorm Bertn 17/08 Cloudy Houston 26/15
      467 words
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  • THE REGION
    • Article
      Lock icon Philippines worst hit by surging yen among Asean nations: RHB
      444 3 AFP KUALA LUMPUR The emerging economies of Asean have been bashed by the runaway yen to varying degrees, with the Philippines most badly hit, a leading broking house said yesterday. The impact of the rising yen was most damaging to
      AFP  -  444 words
    • Article, Illustration
      Lock icon Shandong attracts more Singapore investments
      362 3  -  By Schutz Lee SINGAPORE Chinas Shandong province, which has attracted over US$l billion investments from Singapore, continues to draw investors here the latest being a port terminal and a food industrial park. The port terminal project is a joint venture between GATX Terminals (Pte) Ltd
      Photo by Arthur Lee  -  362 words
    • Article
      Lock icon China plans death penalty for counterfeiters
      406 3 Reuter BEIJING China is drafting legislation under which banknote counterfeiters could be executed, aiming to curb an alarming surge in the circulation of fake money, parliament officials said yesterday. The standing committee of the National People's Congress, or parliament, opened a six-day session at
      Reuter  -  406 words
    • NOTE BOOK
      • Article
        Lock icon Beijing expects tough WTO talks
        82 3 Reuter BEIJING Talks in Geneva from Tuesday on China's bid to join the World Trade Organisation (WTO) will be difficult and major WTO members must be positive and flexible, Beijing's top negotiator Long Yongtu said. "We are ready to reciprocate with flexibility if major WTO
        Reuter  -  82 words
      • Article
        Lock icon China to launch European satellite
        67 3 AFP BEIJING Daimler-Benz Aerospace (Dasa) yesterday signed an agreement for the first launch of a European satellite aboard a Chinese rocket, chairman Jurgen Schrempp said. The agreement for the launch of the communications satellite, built by a European consortium, with the Great Wall Industry Corp
        AFP  -  67 words
      • Article
        Lock icon India sets up telecoms watchdog
        62 3 AFP NEW DELHI India has set up a telecommunications watchdog to monitor foreign investment proposals and ensure transparency in bidding. The cabinet approved the setting up of the autonomous Telecom Regulatory Authority following complaints by foreign investors, newspapers said. The three-member ombudsman's office will settle
        AFP  -  62 words
      • Article
        Lock icon Indonesia hikes key discount rate
        81 3 Reuter JAKARTA Indonesia's central bank raised its key discount rate yesterday for the third time this year, pushing it up by half a percentage point. The rate hike for short-term securities will generate higher borrowing costs. One-week money was raised to 15.75 per cent from
        Reuter  -  81 words
    • Article, Illustration
      ADB to keep asking S'pore for funds
      597 3  -  Malaysia and Thailand will also be pressed to offer soft loans From Anthony Rowley in AUCKLAND THE Asian Development Bank will continue to press Singapore. Malaysia and Thailand to contribute resources to the bank's softloans window, the Asian Development Fund (ADF), bank president
      597 words
    • Article
      NZ govt may charge Maori radicals with sedition
      327 3  -  From Mike Simms in AUCKLAND MAORI activists who have threatened violence to drive away foreign investment in New Zealand may be charged with sedition. Police said yesterday they were reviewing little-used laws and cases dating to World War I in response to
      327 words
    • Article, Illustration
      Lock icon Ramos expected to score in congressional polls
      310 3 Reuter MANILA President Fidel Ramos will probably win the confidence vote he is seeking in congressional elections on Monday, but the jockeying for the presidential race in 1998 has already begun, independent analysts said yesterday. Ed de la Torre, a senior fellow of
      Reuter; AFP  -  310 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      784 3 _li_LL_S_ I N H S S TIMES TOLL-FREE TEL. No 1-000-741-1883 FAX 7*l-1298 THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF A'BEST AUDIO PTE LTD MEMBERS' VOLUNTARY WINDING-UP At an Extraordinary General Meeting of A'Best Audio Pte Ltd convened and held at 1 Park Road #16-812 People's Park
      784 words
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  • REGION/WORLD
    • Article
      Lock icon US, Japan extend car talks as threat of sanctions looms
      392 4 Reuter WHISTLER, British Columbia Under a threat from President Bill Clinton of possible sanctions, US and Japanese trade negotiators extended their talks to yesterday to pursue an agreement opening up Japan's car market. They were meeting under the Quadrilateral a
      Reuter  -  392 words
    • Article
      £ dives after London keeps rates unchanged
      419 4  - dives after London keeps rates unchanged Conservatives thrashed in local government elections From Neil Behrmann in LONDON STERLING plunged yesterday following a decision by UK Chancellor of the Exchequer Kenneth Clarke to keep short-term interest rates unchanged at 6.75 per cent. Mr Clarke said that there was no justification for
      419 words
    • Article
      Silver prices skyrocket to six-year peak of US$6.11 an ounce
      323 4  -  From Neil Behrmann in LONDON LONDON Silver prices yesterday soared to a six-year high following active buying by US funds, dealers said. Cash silver prices hit a peak of US$6.ll (558.50) an ounce in London in response to a spurt
      323 words
    • Article
      Lock icon Food shortages threaten 1m in Iraq
      237 4 Reuter ROME Critical food shortages and international indifference threaten the lives of more than one million people in Iraq, the United Nations World Food Programme (WFP) said yesterday. Mortality rates in many parts of Iraq are now 500 per cent higher than before the
      Reuter  -  237 words
    • Article, Illustration
      Lock icon We are Seoul-mates
      60 4 Reuter SEOUL South Korean children, dressed in a traditional Indian style, getting ready to perform an Indian dance at a Buddhist temple during a festival for foreign workers here yesterday. South Koreans are making a strong effort to clean up their image of mistreating foreign workers and
      Reuter  -  60 words
    • Article
      Lock icon US govt hails court order against Tempo ban
      224 4 AP JAKARTA A landmark court order overturning a ministerial ban on a popular magazine was hailed yesterday from different quarters, including the US government. Information Minister Harmoko, who signed the order last June, has said he plans to appeal Wednesday's judgement ordering
      AP  -  224 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1773 4 og Fight cr> n» eg nm ET> n» CTB^ Mm MuM GA860 1945 Ho CM Mink City VN741 1310 VN740 1410 Adelaide QF81 1930 QF82 2055 SQ171 1915 SQ172 1430 Amman RJ187 0130 finnrtinf UA1 0050 UA2 0835 Amsterdam SQ25 0650 KL838 2300 Tfxi in KL831
      1,773 words
    • Article
      Australian ties with East Asian countries at a crossroads: Evans
      468 4  -  From Florence Chong in SYDNEY AUSTRALIA'S policy of comprehensive engagement with Asia has reached a "critical juncture". Foreign Affairs Minister Gareth Evans said yesterday. Mr Evans was speaking at a news conference after the conclusion of the first ever conference
      468 words
    • Article
      Lock icon Malaysian MP Joseph Chong probed over alleged poll offences
      215 4 AFP KUALA LUMPUR Malaysian police have launched a probe into a controversial MP for alleged election offences which included giving voters free fried chicken during national polls last week, a local tabloid reported yesterday. Police had begun an investigation into newly-elected
      AFP  -  215 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      44 4 Financial News IKj^l A Quick Look At The I Market I Call 24 hours a day for I SES KLSE midday I I reports, world I I market reports business news. Cost: 30 cents a minute Organised by: |||p||||] ne An SPH AudioTex Service
      44 words
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  • THE WORLD
    • Article
      Lock icon UK manufacturers on verge of investment boom: report
      389 5 15% surge in investment expected in 1995 and 1996 Bloomberg Business News. Reuter LONDON British manufacturers are on the threshold of the strongest investment boom since the mid-*****, according to the London Business School. In its latest quarterly economic report, the LBS
      Bloomberg Business News.; Reuter  -  389 words
    • WORLD WATCH
      • Article
        Lock icon US housing completions up 9.8%
        108 5 Reuter WASHINGTON The number of new homes completed and made ready for occupancy rose a sharp 9.8 per cent in March, the Commerce Department said on Thursday, mainly because of a surge in single-family unit completions. The March rise to an annual rate of 1.43
        Reuter  -  108 words
      • Article, Illustration
        Lock icon Whose $15m best friend?
        59 5 Reuter GENEVA This flawless, perfectly white, pear-shaped 100.1 carat diamond is expected to fetch a record price of 15 million Swiss francs (5515.7 million) when it goes up for sale here in two weeks, Sotheby's auction house said on Thursday. Heavy bidding is expected from wealthy
        Reuter  -  59 words
      • Article
        Lock icon Oklahoma blast: search ends
        62 5 AP OKLAHOMA CITY After 16 days of gruesome, perilous, heartbreaking work, rescue workers walked out of the federal building for the last time yesterday after completing the search for bodies buried in the rubble. The bombing killed 167 people, including two adults who were still missing,
        AP  -  62 words
      • Article
        Lock icon UK quits as WHO auditor
        112 5 AFP LONDON Britain has resigned as auditor to the World Health Organisation because the international body's management refused to co-operate with a fraud inquiry' at its African regional office, the Independent said yesterday. John Bourn, head of the British National Audit Office (NAO) which has
        AFP  -  112 words
    • Article
      Lock icon EC orders big phone firms to reveal prices
      424 5 Concern over market domination by operators of proposed network AFP BRUSSELS The European Commission has asked six of Europe's biggest telephone companies for detailed information on the prices they plan to set for access to a proposed trans-European data-transmis-sion network. Competition commissioner
      AFP  -  424 words
    • Article
      Lock icon Economy moving in right direction, says Fed official
      437 5 Reuter RICHMOND, Virginia A top Federal Reserve policymaker on Thursday voiced optimism about the US economic outlook and cautiously pronounced himself "reasonably comfortable" with the current stance of interest rate policy. "While the jury is still out on the state of the
      Reuter  -  437 words
    • Article
      Lock icon UK nod for privatisation of nuclear power industry
      190 5 AFP LONDON The British government gave the go-ahead on Thursday for the estimated £3 billion (556.7 billion) privatisation of the nuclear power industry, according to press reports. The official announcement of the privatisation is to be made early next week, but the
      AFP  -  190 words
    • Article
      Lock icon 74m rounds of ammo smuggled into US from China?
      156 5 Reuter SAN FRANCISCO More than 74 million rounds of ammunition seized from a California business may have been smuggled from China by way of Russia, investigators said on Thursday. In an affidavit, the US Customs Service said they believe the ammunition
      Reuter  -  156 words
    • Article
      Lock icon Shadow over White House lawyer
      313 5 The Whitewater investigation AFP WASHINGTON One of US President Bill Clinton's advisers has been targeted in the probe of the Whitewater real estate affair, possibly bringing the investigation closer to the president. Presidential spokesman Michael McCurry declined comment on press reports that the Whitewater independent
      AFP  -  313 words
    • Article, Illustration
      Lock icon Furore over fur
      58 5 Reuter MONTREAL Anti-fur activists picketing the North American Fur Fashion Exposition, which kicked off its four-day meeting on Wednesday, below an inflatable beaver. Quebec was the cradle of the North American fur trade over 300 years ago, and unlike Europe, which is considering banning the wild fur
      Reuter  -  58 words
    • Article
      Lock icon US retirees face bleak future unless pension system is revamped
      334 5 AP WASHINGTON Unless the US retirement system is quickly overhauled. Americans face a future with either drastically lower living standards or a crushing tax burden, business and education leaders say. "The pension and retirement system in America is headed for
      AP  -  334 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      631 5 \*&*>*,.%\((%_!%~,]:\?{*%((`}*! NOTICE NOTICE IS HEREBY GIVEN that, I Seenithamby Sathasivam Ramanathan of Blk 6, *03-01, Beatty Road, Singapore 0820, have applied for a Beer House, First Class Licence in respect of premises at M/s Grandmet Restaurant (Singapore) Pte Ltd at No. 65-75, Desker Road, Singapore, and that this application will
      631 words
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  • COMPANIES & MARKETS
    • Article, Illustration
      Farrer Grove site goes to DBS Land for $36m
      372 6  -  By Abdul Hadhi SINGAPORE DBS Land has clinched a 48,434 sq ft site in Farrer Grove with a bid of $35.75 million. Sources said yesterday there were about eight bids in the tender for the District 10 site, which closed on
      372 words
    • Article
      Rothmans' earnings drop 20% to $37m
      384 6  -  Shareholders to get $172.1 million from Bukit Timah property sale By Ven Sreenivasan SINGAPORE Rothmans Industries yesterday reported lower earnings for fiscal year 1995 but said it would give shareholders the money it made from selling its Bukit Timah property. Tough market conditions fanned
      384 words
    • Article
      Lock icon Tenaga says rate hike will not boost profits
      391 6 Reuter KUALA LUMPUR Malaysian power giant Tenaga Nasional Berhad said its power tariff hike was mainly to offset rising costs and was unlikely to affect profits. The hike of 0.8 Malaysian cent per kilowatt-hour to 20.11 cents last month will not bolster
      Reuter  -  391 words
    • Article
      KLSE's flip-flop dents its image
      575 6  -  HOCK LOCK SIEW By Ho Kay Tat KUALA LUMPUR Those who cheered the Kuala Lumpur Stock Exchange (KLSE) two weeks ago when it came up with a strict guideline on voluntary suspensions in share trading must be wondering now if their applause might have been
      575 words
    • Article
      Alan Yeo's holding company sells rest of its stake in YHS
      292 6  -  By Lee Han Shih FORMER Yeo Hiap Seng Ltd (YHS) chairman Alan Yeo has sold all the remaining YHS shares owned by his holding company, probably to Malaysia tycoon Quek Leng Chan. Yesterday, YHS said in a statement that
      292 words
    • Article
      Sing Investments plans to redevelop flagship building
      180 6 SINGAPORE Sing Investments Finance Ltd (SIF) plans to redevelop its tlagship building at Robinson Road. Lee Sze Lcong. executive director of the finance house, said in its latest annual report that the group was drawing up plans to rebuild the SIF Building to
      180 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        18 6 For next week's cxpeited market sentiment, see Bl"s Sentiment Index on F1.4 (Personal Finance <$ Investment section)
        18 words
      • Article, Illustration
        HOT STOCK
        77 6  -  Quak Hiang Whai GOLDLN Plus is heading for support at $3. Both daily and weekly RSIs are near the zero mark. Daily and weekly stochastics are showing some bullish divergence. The counter is therefore heavily oversold and a technical rebound is due soon. Quak Hiang H hai NOTE:
        77 words
    • COMPANIES
      • Article
        Lock icon NSTP group profit rises 19% to M$46m in first-half
        413 7 But sharp increases in newsprint prices and staff costs cause concern MBT KUALA LUMPUR The New Straits Times Press (Malaysia) Bhd has posted a 19 per cent increase in group profit after tax to M 546.32 million (5526.1 million) for the
        MBT  -  413 words
      • Article
        Lock icon Newsprint prices expected to hit Utusan results
        395 7 Bernama KUALA LUMPUR Utusan Melayu (Malaysia) Bhd says the drastic rise of newsprint prices and higher wages which contributed to higher operational costs will afTed the company's results for the coming financial year. Executive chairman Kamarul ArifTin, however, said that the group would
        Bernama  -  395 words
      • Article
        Indon rayon maker hoists profit on higher sale prices
        321 7  -  From Maggie Ford in JAKARTA RAPIDLY rising international pulp prices pushed up revenue 225 per cent in the first quarter at Indorayon, the Indonesian company whose parent listed last month on the New York Stock Exchange. Indorayon produces pulp and rayon
        321 words
      • Article
        Lock icon UEM's move abroad set to yield results
        167 7 Bernama KUALA LUMPUR United Engineers (Malaysia) Bhd (UEM) believes some of its overseas ventures will crystallise in the near future with the strong forecast of economic growth in the respective countries where the projects are. Chairman Radin Soenarno said the company's engineering and
        Bernama  -  167 words
      • Article
        UNIT TRUSTS & FUNDS
        597 7 UNIT TRUSTS FUNDS Managers' price* May 6 8 Mendaki Gr Fund 0 98 I 0I(« Singapore Unit Trust usorK-a 100 UM ThefSmmtree 75 68 UOB ASSCt Mgt Ltd The Savings Fund 1.43 151 I'nifund 134 140 S pore Prog Fund 0.58 0.62 Unibond-t- 1.03 1.055 S pore Sec Fund 094
        597 words
      • Article
        Lock icon Shanghai bourse gets tough on rule violations
        438 8 Reuter SHANGHAI Shanghai's stock exchange is getting tough with members who violate trading rules by imposing stinging fines and suspensions as part of wider moves to clean up China's markets, analysts said yesterday. Four stock exchange members were fined and suspended this week
        Reuter  -  438 words
      • Article
        Lock icon Acer going into consumer electronics
        199 8 Bloomberg Business News TAIPEI Acer Inc, one of the world's 10 largest manufacturers of personal computers, plans to enter the consumer electronics business by manufacturing set-top boxes and compact-disk players, a senior executive said in an interview. "These two products are sure things," said Rick
        Bloomberg Business News  -  199 words
      • Article
        Lock icon Electrolux's first-quarter profit surges 56%
        194 8 FT STOCKHOLM Electrolux, the world's leading producer of household appliances, has reported a 56 per cent rise in first-quarter profits to SKrl.o4 billion (S$ 198.8 million), consolidating a powerful surge in profitability achieved in 1994. But the result, which compared with profits after financial items
        FT  -  194 words
      • COMPANY BRIEFS
        • Article
          Lock icon Dow Corning may file for bankruptcy
          65 8 NYT NEW YORK Dow Coming Corp said on Thursday that it might file for bankruptcy to work its way out of a morass created by breast implant litigation. The company said it was "actively considering" filing for Chapter 11 protection, which would halt all
          NYT  -  65 words
        • Article
          Lock icon Atlas Copco's 1st qtr profits up
          62 8 Bloomberg Business News STOCKHOLM Atlas Copco AB. a Swedish mining and industrial machinery maker, said its first-quarter pre-tax profit rose to 647 million kronor ($5124.2 million) from 380 million kronor. First-quarter sales rose to 5.63 billion kronor from 4.83 billion kronor, while operating profit
          Bloomberg Business News  -  62 words
        • Article
          Lock icon NZ paper gives out special dividend
          47 8 Reuter WELLINGTON New Zealand newspaper group Wilson Horton Ltd announced a special dividend of NZ$l.5O per share. The announcement was made as speculation mounted that Ireland's Independent Newspapers Ltd had bought Brierley Investment Ltd's 28.8 per cent stake in W&H. Reuter
          Reuter  -  47 words
        • Article
          Lock icon ICI and Zeneca plan Indian venture
          56 8 Bloomberg Business News LONDON ICI India Ltd, which is 51 per cent owned by Britain's Imperial Chemical Industries pic. said it will form a joint venture with Zeneca pic's agrochemicals division to develop pesticides in India. It will have an investment of 275 million
          Bloomberg Business News  -  56 words
      • Article, Illustration
        Lock icon An alliance made in the skies
        82 8 Reuter BRUSSELS Swissair president and CEO Otto Loepfe (left) shaking hands with Sabena chairman and CEO Pierre Godfroid on Thursday after signing an alliance pact giving Swissair 49.5 per cent stake in Sabena. The Belgian airline will get fresh capital of 10 billion Belgian
        Reuter  -  82 words
      • Article
        Lock icon New World, Stanley Ho's firm in preliminary accord to sell part of Victoria Hotel
        260 8 Bloomberg Business News HONGKONG New World Development Co Ltd and a private company owned by gambling tycoon Stanley Ho have reached a preliminary agreement to sell part of Hongkong's Victoria Hotel for HKS4 billion (SS7IB million),
        Bloomberg Business News  -  260 words
      • Article
        Lock icon Colgate plans to step up roll-out of new products
        276 8 Bloomberg Business News NEW YORK Colgate-Pal-molive Co said it expects to expand by introducing more products faster throughout the world. The maker of Colgate toothpaste, Irish Spring soap and other consumer items last year introduced 493 products, more than twice the
        Bloomberg Business News  -  276 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        441 8 Vessel Voy No Berth Arrival Departire Vessel Voy No Berth Arrival Departure Pasir Panjang Terminal Knsma <m> poia 06os/isao o&oviuo Batam Speeifi A8195* POIA alongside 05 05/1430 Kungpmghorig OSS P03 0505/1930 0605/1400 Equator Gran 119/5E P03 alongside 05 05/1800 MaNuta Exp *98 95 POIA 05 05/1500 05
        441 words
      • Article
        CONTAINER SCHEDULES
        1624 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookinf/Balance Rdts Ship Voy No Etb/Btr Period From To From Acj Jade 237* 07/0700 1A 05,1500 05/1659 05/1900 3 06 0700 06/1159 06/1400 4 06/1200 06/1459 06/1700 fci Uy 062A 08/0700
        1,624 words
    • FINANCE & COMMODITIES
      • Article
        Lock icon Prudential launching major thrust into China
        424 9 Reuter SHANGHAI Having largely pulled out of Japan, US investment giant Prudential Securities has shifted its strategy in Asia to make China its main focus, chief executive Hardwick Simmons said. "We're going to make our major investment in the Far East primarily in China,"
        Reuter  -  424 words
      • Article
        Lock icon Major UK money brokers shrinking operations
        339 9 Reuter LONDON An esoteric but crucial corner of the City of London suffered a severe blow on Thursday with news that some of the largest money brokers have been cutting back their operations drastically. Two of the financial district's largest broking firms, Exco pic
        Reuter  -  339 words
      • Article, Illustration
        Lock icon Good craftsmanship helps Thailand's gem industry to shine
        405 9 Reuter BANGKOK Twenty years ago. the fledgling Thai gem industry was beset by police and customs agents trying to stem the flow of smuggled rubies and sapphires into Thailand. Times have changed. The Thai gem and jewellery industry is now a multibillion
        Reuter  -  405 words
      • Article
        Lock icon CS First Boston loses two top execs in Moscow
        320 9 Bloomberg Business News. FY LONDON CS First Boston, the securities firm that says it accounts for 60 per cent of the trading volume on Russia's emerging securities markets, said the two managing directors who run its highly profitable securities business in
        Bloomberg Business News.; FY  -  320 words
      • SMALL CHANGE
        • Article
          Lock icon Insurer Generali's profit dips
          61 9 AFP ROME Major Italian insurance group Generali yesterda> announced that it scored a consolidated net profit last year of 64( billion lire (SSS4I million), slightly down from 686 billion lire foi 1993. The parent company increased its net profit by 4.9 per ceni year on year,
          AFP  -  61 words
        • Article
          Lock icon Kloffe installs German trading system
          67 9 Reuter LONDON The Kuala Lumpur Options and Financial Futures Exchange (Kloffe) has installed the trading system of Germany's options and futures exchange, the Deutsche Terminborse (DTB). for its traded options and futures market. "Kloffe anticipates actual trading of options and futures to begin in November
          Reuter  -  67 words
        • Article
          Lock icon World Bank chief Preston dies
          68 9 AP WASHINGTON World Bank president Lewis T Preston died following a long battle with cancer. Mr Preston, who died at his home in Washington on Thursday, was 68. He assumed the presidency of the World Bank in 1991 and had planned to retire at the
          AP  -  68 words
        • Article
          Lock icon Allianz again eyes Austrian bank
          67 9 Bloomberg Business News VIENNA Allianz AG Holding. Europe's largest insurer, said it was ready to enter new talks about a possible acquisition of the Austrian government's 49 per cent voting stake in Credi-tanstalt-Bankverein. In March. Allianz officially announced it had lost interest in acquiring a
          Bloomberg Business News  -  67 words
      • Article
        Lock icon Lloyd's chief says crisis is over, sees profits by March
        526 10 Bloomberg Business News NEW YORK Lloyd's of London's chief executive officer Peter Middleton has faced a barrage of critical press reports in the past few weeks questioning the solvency of the British insurer. Mr Middleton calls these doomsday stories irresponsible.
        Bloomberg Business News  -  526 words
      • Article
        Lock icon Chase unit's mortgage bonds chief quits amid market slump
        430 10 Bloomberg Business News NEW YORK Barry Berkeley has resigned as head of Chase Securities Inc's mortgage bond group, according to knowledgeable sources. Mr Berkeley was hired in November 1993 to build up the mortgage-backed securities group at Chase. He was responsible
        Bloomberg Business News  -  430 words
      • Article, Illustration
        Bearish trend of US dollar still intact against most units
        374 10 DBS Bank weekly currency review US$/DM: break of 1.3580 or 1.3950 to determine next move! The greenback traded lower to 1.3665 this week and was at 1.3710 yesterday morning. It is locked within the broad range of 1.3450 to 1.4230.
        374 words
      • Article
        Lock icon Salomon hires inventor of best-selling derivative
        255 10 Bloomberg Business News NEW YORK Salomon Brothers Inc said it hired Sheldon Epstein, inventor of one of the best-selling derivatives of the past several years, as a managing director. Mr Epstein, 36. helped invent a type of derivative called an indexed-amortising swap, which was
        Bloomberg Business News  -  255 words
      • Article
        Lock icon Eurogiro sets up payment link with US
        196 10 FT London European girobanks has announced the launch of an electronic payment system in the US. together with closer integration between the 16 member countries. Eurogiro, the international cross-border payments system, claims it will offer customers a more efficient way to transfer money
        FT  -  196 words
      • Article
        Lock icon China's subsidy cut unlikely to affect farm sales
        437 10 Reuter HONCiKONCi China's sales to international grain markets are dwindling and Beijing's decision to slash a farm export subsidy is not likely to add greatly to the impact, traders said yesterday. Although China was a traditional seller to Asia of soybean meal,
        Reuter  -  437 words
      • Article
        Lock icon Oil prices steady after Thursday's comeback rally
        235 10 ENERGY REPORT Reuter LONDON Oil prices held steady in thin range bound trading as exhausted oil markets took a breather from hectic roller coaster activity. In the week, the June Brent Blend crude oil contract on London's International Petroleum Exchange (IPE) bounced around
        Reuter  -  235 words
      • Article
        Lock icon Currency Reports: London
        205 10 Reuter LONDON The dollar is close to a bottom against the mark and yen and. while it should hold current levels during the coming month, the US currency will rise gradually thereafter, according to a Reuter poll. The survey is of 48 leading foreign exchange forecasters, who
        Reuter  -  205 words
      • Article
        Lock icon New York
        95 10 AFP NEW YORK The dollar was mixed in quiet early trading on Wall Street yesterday after the latest employment figures proved to be less encouraging than expected. The ounce of gold meanwhile was up 60 cents to U*****.30 an ounce. At 1355 GMT. the greenback was at 1.3650
        AFP  -  95 words
      • Article, Illustration
        Untitled
        1671 10 I ifhinJ inJt mkuUunl aqam\t Sporf hp 14 trading partnrn Saw nor I9K> USS/SS forward rates Noon /May 5 ss Bid Offer 1-month I 3835 1.3850 2-month 1 3783 1 3798 3-month 1.3734 1 3749 6-month I 3407 I.3627 St>urcc OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am
        1,671 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen firms slightly while Eurodollars stay flat in very slow trade
        1284 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures closed slightly firmer while Eurodollars were little changed with minor profit-taking in very slow trade, dealers said. The slowness was mostly due to Japan's Golden Week holidays. The US-Japan car trade talks
        Reuter  -  1,284 words
      • Article
        Malaysian rubber ends mixed
        599 11 COMMODITY REPORTS Rubber KUALA LUMPUR: Malaysian rubber prices ended mixed in thin pre-weekend trade, with SMR grades rising on covering and a shortage ol latex supply because of rains. Dealers said there was only scattered buying interest from China. "But we haven't heard of any purchases
        599 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Smelters deny funding overseas mines
          103 11 KUALA LUMPUR Malaysia's tin smelters have denied suggestions that they are financing small tin mining operations abroad. "Smelting firms don't put money into mines," said a senior executive at Malaysia Smelting Corp in Penang. Smelters also said they have not been approached about backing mining
          103 words
        • Article
          China steel output down 1.6%
          132 11 HONGKONG China's steel production was 22.6 million tonnes in Jan-March, down 1.6 per cent from the same period last year, the official China Daily newspaper reported yesterday. Output of rolled steel was 18.88 million tonnes in JanMarch. down 7 per cent from the same period
          132 words
        • Article
          Ex-Soviet states exporting more oil
          99 11 PARIS Net oil exports from the former Sovie Union (FSU) are estimated to have risen to million barrels per day in March, up from 2.1 f million barrels in February, the International Ener gy Agency said in its latest monthly Oil Marki report yesterday. In
          99 words
        • Article
          Rain reason for good canola output
          66 11 SYDNEY Australia could export more thai 330.000 tonnes of canola from the 1995-96 (April March) crop, with planting rains this week shorinj up industry forecasts for 630.000 tonnes total pro duction. Lan Mack, president of the Australian Can ola Growers Association, says canola sowing
          66 words
      • Article
        COMMODITY PRICES
        1463 11 SICOM Futures Rubber (futures closing as at 5.30pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest 254.00 254.00 254.00 50 [125 Jul 246.50 246 50 246 00 150 2425 Aug ***** 244.00 243.50 225 2025 Sep 241.50 241.50 241 00 150 1650
        1,463 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1046 12 4-0.5 STOCKS barely changed yesterday as investors were reluctant to tinker with their investments ahead of the government's annual budget release on Tuesday. The benchmark All Ordinaries Index ended up 0.5 points to an eight-month high of 2.065.9. The All Industrials fell 4.0 to 3.071.6 while the All Resources
        1,046 words
      • Article
        Manila
        563 12 +48.53 Stocks posted its biggest oneday gain in six weeks on the back of a 3.5 per cent jump by Philippine Long Distance Telephone Co as investors bet that the phone company would sustain its earnings growth. The PSE Composite Index, a basket of 30 stocks that make up
        563 words
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        Taipei
        614 12 -124.15 Stocks fell on concern the government won't move to push down rates after it reported that consumer prices grew faster-than-expected in April, analysts said. "The main issue is the outlook for interest rates and monetary policy and what it means for the market." said a trader. Increases in
        614 words
      • Article
        New Zealand
        346 12 +9.07 Shares rose on expectations of a change in ownership of Wilson Horton Ltd, the publisher of the country's largest circulation daily newspaper. The New Zealand Herald. The fourth successive day of gains in New Zealand government bond market also helped to nudge investors into equities, traders said.
        346 words
      • Article
        Bombay
        198 12 +92.02 Stocks rose as individual investors bid up Reliance Industries and l ata Engineering and Locomotive, hoping to benefit from extended settlement periods for the two shares, analysts said. The companies just posted good earnings results and are expected to do well this year, analysts said. However, yesterday's gains
        198 words
      • Article
        Untitled
        325 12 Seoul May 4 WortTOf Ankuk InsuniKT *****0 2000 Auaiemrnt ***** *00 Baik>ii« H5000 Bank < H Che iu >*00 2 00 Bop Kttik ii*-Oil undi B\uck San I 3*00 300 < V s.„;hr Km 5|700 -too honf kirn Iking 3I5 00 5 00 hoon» U4<JU uiK h [)x Woonit Plunnj
        325 words
    • WORLD STOCK MARKETS
      • Article
        London
        802 12 -12.6 SHARE prices closed easier, hurt by a weak Dow which ran into profit-taking despite bullish US non-farm payrolls data. Earlier the market showed little reaction to surprise news of no change in UK rates despite a fall in sterling following recent strong expectations of 1/2 point rise. Trade
        802 words
      • Article
        Paris
        151 12 -18.78 French shares were squeezed by speculation that Socialist Party candidate Lionel Jospin still may beat conservative front-runner Jacques Chirac in Sunday's presidential election. Even if Chirac wins, there are concerns he will weaken Frence's commitment to peg the currency to the deutsche mark in an effort to boost
        151 words
      • Article
        Frankfurt
        141 12 -12.93 German stocks dropped amid concern about the effect of the strong mark on company profits. Schering AG's plunge this week on news of a 9 per cent drop in first quarter net profit spotlighted the strong currency's negative impact. "Schering jinxed us," said a trader. The DAX Index
        141 words
      • Article
        Brussels
        202 12 -18.56 Belgian stocks fell, after rising for 11 days, after companies paid dividends on 1994 earnings. The decline was aggravated by the dollar's decline against the Belgian franc, which reduces earnings in the US currency when converted into francs. "There was a strong rise in recent days and many
        202 words
      • Article
        Milan
        136 12 -91 Italian shares eased on prof-it-taking in afternoon trade, with players squaring their positions as they wait to see if the government and unions reach an agreement on pension reform. Hopes were high a deal will be struck this weekend, but an announcement midsession that yesterday's talks were being
        136 words
      • Article
        Stockholm
        109 12 -12.95 Swedish stocks fell after rising for nine consecutive days. The bourse was basically steady until Hennes Mauritz presented a gloomy forecast for 1995. "The fall in H&M pulled other shares down with it, there was quite a lot of selling." a broker said. The OMX Index fell 12.95
        109 words
      • Article
        Zurich
        286 12 +8.8 Swiss stocks closed higher after touching a 1995 high as financial shares gained amid low interest rates and a rising bond market. Swiss Bank Corp registered shares posted the biggest gain in the SMI, advancing 1.9 per cent. That's their first gain since the bank said it wanted
        286 words
      • Article
        Johannesburg
        383 12 -38.5 South African shares finished a slow day mostly lower as investors steered clear of the market ahead of the weekend. Dealers said prices were expected to steady on Monday as various factors continued to support sentiment. These included recent strong corporate results and institutional interest in equities as
        383 words
      • Article
        Toronto
        261 12 -4.04 Stocks fell early, shrugging off rallying bond markets, as heavyweight gold shares led declines in most sectors. The TSE-300 Composite Index eased 4.04 points to 4,294.87 on volume of 10.70 million shares valued at Csl2s million. Declining issues outpaced advances 143 to 133, with 198 stocks unchanged. Traders
        261 words
      • Article
        New York
        768 12 -29.05 Stock prices turned sharply lower in choppy trading as profit taking and sell programs wiped out opening gains fuelled by a strong bond rally following a much weaker-than-expected april employment report. The Dow Jones Industrial Average, which retreated 13.49 points on Thursday, was down 29.05 to 4.330.61
        768 words
      • Article
        Untitled
        784 12 Amsterdam NU> 4 Kb ABS Amro Molding WD unch Vegun 123.60 HI Xhoid Kon J5 20 1.1 U»N»on) ***** -I* VlrcnljorJ 234 10 unch Ames 15 70 07 Kon 3} 50 0 5 Borsumij Wehrs 27 20 -0 3 DSM Nsonl ***** 2.8 Ehrvier 17.60 unch FoWer P M 1160
        784 words
    • Article, Illustration
      Lock icon HONGKONG
      2773 13 Bloomberg Business News HONGKONG Stocks were little changed as shares in the territory's leading property companies, which dipped in the morning, rebounded on optimism that interest rates would not go higher soon. Shares of Chinese companies that trade here, called 'H' shares, did especially well. Shares in Tsingtao Brewery,
      Bloomberg Business News; Source: Bridge Info  -  2,773 words
    • Article, Illustration
      Lock icon CHINA
      563 13 CLSA IN Hongkong, the H share index gained 7.43 points to 1,060.41 on turnover of HKS72 million as rumours surrounding the questioning of Deng Xiaoping's son, Deng Zhifang, over economic crimes were discounted. Tsingtao rose 9 per cent, but Hai Xing Shipping and Guangzhou Shipyard both fell around 2
      CLSA  -  563 words
    • Article, Illustration
      Lock icon JAKARTA
      1186 13 Bloomberg Business News JAKARTA Stocks were mixed as investors sorted out which companies would be helped or hindered if interest rates rise later in the year. Companies that were seen as being the most adversely affected by an interest rate rise fell. Carmaker Astra fell 25 rupiah to 2,225.
      Bloomberg Business News; Source: Bridge Info  -  1,186 words
    • Article
      CLOB INTERNATIONAL
      2623 14 Gr tir IW Last Vol Day Last Qatrte Di. Di« YU .Net M Cap High Low t timpani Sale (WO) High j o» Bayer Seller Or S HI Smil MALAYSIAN STOCKS 478 1% m ABB 50c 306 +18 1446 306 268 304 306 3.0 -2.9 0.3 31.4 127
      2,623 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks rise after central bank statement on rates
        6806 14 Bloomberg Business News KUALA LUMPUR Stocks rose after the central bank's chief economist said the bank did not plan to tighten monetary policy or push up interest rates. "We currently do not see price pressures that would warrant such a tightening," said
        Bloomberg Business News; Source: Bridge Info  -  6,806 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        9215 15 MAIN BOARD Gr C* J* IW Lart Val Da> last Quo* Di» Dh 3J4 Net Cap Ajf High I o« Cumpaas Sal* ("000) High Lw Ba><r Seller S (»r HI S««l INDUSTRIAL AND COMMERCIAL 482 388 mi s Ac ma 50c 406 cd 2 150 41* 400 404 406 22.5
        9,215 words
      • Article, Illustration
        Lock icon Local market fails to respond to KLSE rebound
        1943 16  -  By R Sivanithy SINGAPORE An easing of Malaysian interest rate worries led to a late rebound in Malaysian stocks yesterday, but local blue chips were unable to respond to the improved sentiment north of the Causeway. The main feature was talk that
        Charts by Bridge Info; Source: Bloomberg  -  1,943 words
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      182 6 NEWS VALUE Aokam's drop in interim earnings baffles analysts (pg I) All speculative stocks likely to be hurt by the Aokam episode. Wing Tai, Hong Leong bag Claymore Mock for $273 m (pg II The buyers appear to have gotten a good price. No reason to raise interest rates now:
      182 words
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      221 7 TQ1,1.-I'RHRTHI.. No. 1-80Q-741-1883 I AX 741-1298 r A ANA HOTELS A Ilk. SINGAPORE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF MEETING NOTICE IS HEREBY GIVEN that the Seventeenth Annual General Meeting of ANA Hotels Singapore Limited will be held in the Hubertus Grill, ANA Hotel Singapore. 16 Nassim
      221 words
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      Page 7 Advertisements Column 2
      1283 7 (Incorporated in the Republic of Singapore) FINANCIAL STATEMENT AND DIVIDEND ANNOUNCEMENT The Board of Directors is pleased to announce the following audited results of the Group and the Company for the year ended 31 March 1995: PROFIT LOSS STATEMENT THE GROUP THE COMPANY 1995 1994 OR 1995 1994 OR$OOO 000
      1,283 words
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      484 9 BUSINESS TIMES EXCLUSIVE COME ALIVE IN A DESERT OASIS! Can't slow down? Need a break from the fast-paced city tempo? Or feeling downright weary? TOP PRIZE Come to Canyon Ranch for manna! A place to renew, to refocus and to soar above the SD/4N life support, rr day-to-day and gain
      484 words
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      198 11 BUSINESS TIMES TOLL-FREF. TEL. No. 1-BQO-741-1883 FAX.74I-1298 ASIAN BUSINESS CONSULTANTS HOLDINGS PTE LTD (Incorporated in Singapore) Application has been made to the Directors of the abovenamed Company to issue duplicate share certificates in place of the following share certificates which have been reported lost or destroyed. Certificate No. Name No.
      198 words
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      Page 11 Advertisements Column 2
      20 11 As and when the latest Ix>ndon/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
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      152 12 The South Korean stock market was closed yesterday for Children's Day holiday. "The cabin is a triumph. "If cars were sold exclusively "Along with the wood and "The use of wood is subtle and Fine leather and wood blend on showroom appeal, then we leather, the 820 comes with pleasing,
      152 words
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      56 13 ACTAL NEUTRALISES STOMACH ACID. Actal neutralises stomach acid, giving 7 quick relief from stomach discomfort, M yi Sterling 9 astric pa' n indiges- i mum I Health tion and heartburn. s 2 I THINK TANK For a closer look at issues that matter. Analysis. Tuesday to Friday. SINGAPORE 0 fB
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      Page 13 Advertisements Column 2
      31 13 The Tokyo stock market was closed yesterday. Trading resumes on Monday. The Thai stock market was closed yesterday. PLAY SMART Be part of the good life. < SINOAPORK Lifestyle. Business Times Everyday.
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      107 14 Stop by any Hong Leong Finance or Singapore Finance branch with your share scrips, allocation slips and contract notes. Period Effective Rate Discounted* p.a. Receive cash over the counter up to 70%* of the current j month 0.9 10.89 market value or cap price (whichever is lower). 2 months 1.7
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      20 16 I CENTRE STAGE Keep in step with the culture beat. The Arts. Every Monday. PT^ Business Times WE KNOW ASIA
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      274 16 i -gST. IN-DEPTH BUSINESS NEWS FROM \j£J SINGAPORE PERSPECTIVE For over two decades Singapore Business has covered the local and regional business scenes with more depth and breadth-from J Mr)VrsMss/Ms: occupaw j a perspective which is more relevant to J company: j local businessmen than any other Dept Age publication.
      274 words
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  • Executive Lifestyle
    • Article, Illustration
      A good idea that lost its way?
      1830 17  -  It was the first conservation district to come alive five years ago. But today, Tanjong Pagar is lagging far behind the yuppie enclaves of Boat Quay and Clarke Quay. Shahiron Sahari finds out wny Shahiron Sahari ITS Thursday night. The weekend's almost here
      1,830 words
    • STRAWS IN THE WIND
      • Article
        Overdosed
        61 17 THE recently-concluded Film Festival offered so much that film buffs were in a dilemma. One movie fan said: "This year I'm pacing myself no more than two films a night." Obviously this pace was still too much. When asked what he was going to watch the next day, he
        61 words
      • Article
        Film Fest blues
        77 17 SPEAKING of having trouble with colours, a French couple came out of Derek Jarman's film Blue and demanded their money back they had expected to see Krzysztof Kieslowski's Three Colours: Blue. Their case was weakened by the fact that it took them all 76 minutes of the
        77 words
      • Article
        MC's bad call
        57 17 WHAT'S in a name? At the Festival's Silver Screen Awards. MC Tan Kheng Hua introduced Dzulkifli Sungit and Remi Sali, the winners of the Best Director prize in the Singapore Short Film Section, as "Mr Sungit and Mr Sali". This resulted in their acceptance speech beginning: "Actually,
        57 words
    • OPINIONS
      • Article
        Should girl who killed mother get second chance?
        775 18  -  LETTER FRCM CAMBNDGE GEORGE ABRAHAM The writer is a Cambridge-based journalist who contributed this article to BT THE people of Cambridge have at last been able to find a distraction from the boring OJ Simpson saga. OJ's quest for an acquittal didn't
        775 words
      • Article, Illustration
        Chirac, Jospin woo voters with fuzzy promises of change
        955 18  -  Large swinging electorate will decide who wins the French presidency, reports Salil Sarkar Salil Sarkar The writer is a Paris-based journalist who contributes to BT GAULLIST Jacques Chirac promises "genuine" change. His socialist rival Lionel Jospin counters with "far-reaching" change. Mr
        955 words
      • Article
        Lock icon Mechanical moron makes it to E-mail
        702 18  -  Joyce Gabriel grapples with blind spots in her mental processes Joyce Gabriel LAT-WP 1 SHOULD have buckled down in high school and grasped all those maths principles that seemed like so much mumbo jumbo to me at the time. 1 should have honed my
        LAT-WP  -  702 words
      • Article, Illustration
        Terrorist bombing puts US liberty on notice
        911 18  -  Rightist militants threaten public safety, creating fear and division where no foreign enemy could, says Rob Koepp Rob Koepp The writer is an American business consultant based in Singapore MORE than a week after the United States' worst terrorist attack. Americans arc still
        911 words
    • CORPORATE PROFILE
      • Article, Illustration
        The Reliance juggernaut
        2515 19  -  Asia's corporate giants Reliance Industries Ltd is India's largest and certainly most controversial private sector corporation. S N Vasuki finds out about the company's ambitious USsBb investment plan and why it is well-positioned to be a global player S N Vasuki Globalisation, economies of scale, integration, equity
        2,515 words
      • Article
        'My investors are my biggest bankers'
        420 19 WITH over four million investors on its rolls. Reliance Industries is forced to conduct its annual general meetings at a football stadium in south Bombay. Thousands turn up for the meetings, which are usually threehour extravaganzas packaged to entertain and enlighten investors about the
        420 words
      • Article
        A policy of self-reliance
        619 19 DHIRUBHAI Ambani, chairman of Reliance Industries Ltd, once attended a dinner hosted by a leading Indian industry association. That was when Reliance was under financial pressure, and rival businessmen asked him if his presence at the dinner was to keep tabs on the competition. In his
        619 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          BT SENTIMENT INDEX (May 8-12)
          520 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, DBS Investment Research, Fraser Securities, G K Goh, Morgan Grenfell, Nomura, Ong Co, Phillip Securities, S G Warburg Smith New Court. Buy! HG Asia (May 5) New Straits Times.
          520 words
        • Article, Illustration
          In my opinion...
          516 20  -  Lim Eng Hai Research Director J M Sassoon INALLY, the enrH 'tire market or A* at least those parts that cared to publish its views agrees Malaysian interest rates have a lot more rising to do. Some have exaggerated the upside by predicting a 200-300 basis point
          516 words
      • Article, Illustration
        Little excitement in a week of caution and continuity
        750 20  -  THE WEEK Mllll By Quak Hiang Whai CONTINUITY was the main theme for most of the events this week. Or were they nonevents? The major central banks continued to avoid intervening too heavily in the currency market, leaving traders and speculators
        750 words
      • Article, Illustration
        Lock icon A recovery's on the charts: Fuller
        583 20  -  Quak Hiang Whai reports on chartist David Fuller's views on the markets. Quak Hiang Whai A RARE buy signal resembling that of October 1992 has appeared on the charts for global stocks, says UK-based chartist David Fuller. And if this buy signal is half
        Source: Fuller Money  -  583 words
      • Article, Illustration
        Lock icon Hang Seng seen at 10,500 by year-end
        618 20  -  Eye on the region By Eugene Law The writer is research director of Standard Chartered Securities Research in Hongkong WE ARE now even more comfortable with our year-end target of 10,500 for the Hang Seng index. However, the short-term picture is a little
        Source: Bridge Info  -  618 words
      • Article, Illustration
        Buyers turn choosy
        589 21  -  Property buyers are making a beeline for new properties with better designs and appealing lifestyle concepts, reports Quak Hiang Whai Quak Hiang Whai Residential property buyers are becoming selective with their purchases and demand for leasehold and existing properties will remain cautious, according to Jones Lang Wootton.
        589 words
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        Timely approach to making sense of money world
        504 21  -  Book Review By PAUL LEO The Vandals' Crown by Gregory Millman The Free Press 305 pgs, $38.50 AMID the turmoil besetting global financial markets, a book like Gregory Millman's The Vandals' Crown could not have come at a better time. The bankruptcy
        504 words
      • Article
        Leave the juggling of funds to the experts
        737 21  -  Having a hard time keeping track of portfolios? Andreas R Spahni, chief executive, Credis International Fund Holding, Zurich, looks at six types of investment funds which may help Andreas R Spahni, THE growing number of new financial instruments and new markets makes
        737 words
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        Cheaper to tee off now
        420 21  -  BT Golf Index By Shahiron Sahari THE Business Times Golf Index dipped again last month, its fifth fall in a row. The index, which tracks membership prices of eight golf and country clubs in Singapore, fell to 235.34 the lowest level since the 231.5 of
        420 words
    • Article, Illustration
      A treat for music buffs
      713 22  -  Cinema Review By SUSAN TSANG FARINELLI was the most famous castrato of the 18th century, and he led a pretty strange life. He had a status akin to that of the modern pop star, yet he spent the latter part of his career singing the
      713 words
    • Article, Illustration
      Fast-paced comedy that lacks soul
      656 22  -  By CORINNE KERK VERY often, the opening soundtrack tells you a little of what a movie is going to be about. In the case of Bye Bye, Lore, it practically tells you the ending. Which is a bit unusual, since The Ev~rly Brothers' Bye, Bye,
      656 words
    • Article, Illustration
      Lock icon On location in Seattle On location in Seattle
      1350 22  -  On holiday in Washington state. Gouw Huat May watches an episode of Northern Exposure being shot Gouw Huat May The writer is an executive sub-editor with BT SN'T that Joel Fleisch- man?" the excited fan asked, pointing across the I road to
      Photo by Fiona Hu  -  1,350 words
    • Article, Illustration
      Soul music with a different kind of beat
      679 23  -  Susan Tsang steps into a CD shop that offers an altogether heavenly kind of musiq Susan Tsang OME aside to a deserted place and rest a while." says the sign V/ at the wooden counter. 1 Vox -*tbe Music Workshop, at the
      679 words
    • Article, Illustration
      An underdog makes good
      692 23 The Shipping News B> t Annie Proulx Touchstone, 337 pages. $25.70 Reviewed by C huang Feck Ming FORREST GUMP springs to mind as you get to know Quoyle. the hero in this novel. Both are vulnerable characters. Gump is endearing in his seeming idiocv: Quovle is
      692 words
    • SPORTS
      • Article
        Lock icon Black Magic 1 and Young America set for showdown today
        551 24 America's Cup AP SAN DIEGO After months of sailing mixed with politics, the America's Cup has come down to Black Magic I, which carries the hopes of a small island nation, vs Young America, a sloop that combines the best
        AP  -  551 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon Basketball
          102 24 Bloomberg Business News NEW YORK The first weekend of the NBA play-offs earned its highest ratings in more than a decade, NBC Sports said. NBC-TV posted a 6.4 rating and 18 share for its five telecasts last weekend. Each rating point equals 954,000 homes, while share refers to the
          Bloomberg Business News  -  102 words
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          Boxing
          58 24 LAS VEGAS State boxing regulators want to keep former heavyweight champion Kiddick Bowe and Jorge Luis Gonzalez from trading blows before their June 17 bout. In a highly unusual move, the Nevada State Athletic Commission said it would bar the fighters from appearing together at any news conferences, weigh-ins
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          Cycling
          79 24 ASHEVILLE, North Carolina Tour DuPont 203-km eighth stage from Greenville, South Carolina on Thursday: 1 Clark Sheehan (US) 5 hrs 33mins 56 sees 2 Andrei Teteriok (Kaz) at :07 3 Laurent Madouas (Fra) at :10 4 Andrea Peron (Ita) at 0:19 5 Viatcheslav Ekimov (Rus) s.t. 6 Lance Armstrong
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          Lock icon Golf
          101 24 AFP ATLANTA, Georgia Bill Porter, a PGA rookie who has survived only two cuts this season, sank a 12-foot birdie after a rain delay to grab a share of the lead in the incomplete first round of the BellSouth Classic. Porter finished at seven-under par 65 to match Jim
          AFP  -  101 words
        • Article, Illustration
          Motor-rally
          53 24 AJACCIO, Corsica l our of Corsica 2nd day on Thursday: 1 Bruno Thiry (Bel) Ford Escort Cosworth 3 hr 15 min 59 sec 2 Francois Delecour (Fra) FE Cosworth 35s behind 3 Didicr Auriol (Fra) Toyota Cclica 37s 4 Carlos Sainz (Spn) Subaru Impreza Im 21s 5 Picro Liatti
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          Tennis
          97 24 MUNICH I *****.000 ATP tournament 2nd rd on Thursday: Sjeng Schafken (Ned) b 7-Bernd Karbacher (Ger) 7-6 (7/4) 6-7 (4/7) 7-6 (7/3); Alex Corretja (Spn) b Martin Sinner (Ger) 6-2 6-2; Marcelo Filippini (Uru) b Hendrik Dreekman (Ger) 6-1 3-6 6-3; Gilbert Schaller (Aut) b Javier Sanchez (Spn) 6-3
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        Lock icon Knicks, Bulls and Lakers advance to next round
        680 24 UPI NEW YORK With a chance to advance in the NBA playoffs, the New York Knicks, Chieago Bulls and the Los Angeles Lakers all did what they had to do. For the Knicks, it was as simple as riding Derek Harper's hot
        UPI; Reuter  -  680 words
      • Article
        Lock icon It's inevitable, say cricketers, as reigning West Indies falls
        489 24 AP, AFP KINGSTON "It's over?" screamed the Barbados daily Nation on its front page. "Disaster at Sabina", read the back of The Jamaica Observer. The Caribbean woke up on Thursday to the chilling fact that its 15-year reign atop the cricket
        AP,; AFP  -  489 words
    • People
      • Article, Illustration
        A very special concert from Maybank
        231 24 MAYBANK customers in Singapore were treated to a dinner reception at the Royal Pavilion Ballroom of the Regent Hotel on March 30. At the reception, chairman Mohamed Basir bin Ahmad announced Maybank Singapore's partnership with the Very Special Arts (VSA) Singapore. an arts appreciation
        231 words
    • TIME OFF
      • Article, Illustration
        Swinging to a carnival beat
        777 25  -  Corinne Kerk checks out Club Barracuda and finds herself sandwiched between a press of bodies Corinne Kerk THE first time we were at Club Barracuda, we couldn't get anywhere near the dance floor, which is located on the lower level of the two-storey club. It
        777 words
      • Article
        PERFORMANCES
        451 25 Phantom of the Opera Singapore Press Holdings celebrates its 150 th anniversary with Andrew Lloyd-Webber's love story, set in the Paris Opera House, between a man with a half-mask and a soprano who gets caught up in events. Harold Prince directs this version. Until May 20. Bpm at Kallang
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      • Article
        CONCERTS
        192 25 Singapore Symphony Orchestra Lim Yau conducts this all-French programme featuring Berlioz's Roman Carnival Overture. Ravel's Daphnis el Chloe Suite No 2 and Poulenc's Les Biches. Today. 8.15pm at Victoria Concert Hall. Tickets at 56. 510. $14. $20 anil $30 from all Sistic outlets. Ghanavarshini (Musical Cascade) The Singapore Indian
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        EXHIBITIONS
        681 25 1995 Investment Property Exhibition Exhibition of a wide selection of new residential developments in southern England and an exciting portfolio of property from South Africa. Today and tomorrow, I2pm-7pm. at The Orchid Room. Shangri-La Hotel. Orange Grove R<xid Reincarnation of "Wastra-Walr" in Paintings Exhibition by Balinese artist Ngurah Arya
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      • Article
        TALKS/COURSES
        390 25 The Botanical Gardens: More Than Just A Park Shirley Finke takes you on an armchair tour through one of Singapore's most beautiful attractions. May 8. 9.30 am and I lam at the National Museum A V Theatrette. The Road to a Successful Relationship Just what does it take to
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      • Article
        MISCELLANEOUS
        87 25 Healthline on Aids, Pregnancy, Menopause, Healthy Food A toll-free telephone serv ice provided by the Ministry of Health that's specially designed to answer your medical questions on the above topics. Call 1800-742-2066. Wyeth Cares for Mothers A 24-hour helpline service sponsored by Wyeth (S) Pte Ltd. Specially for mothers-to-be
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      • Article
        AT THE SUBSTATION
        50 25 Guinness Lunditime Concerts Musicians from the LaSalle-SIA College of the Arts perform on alternate Wednesdays. May 10. 1. 10pm at the Guinness Theatre. Free. The Sub's Square A bazaar with artefacts and collectibles at bizarre prices. Check them out. Every Sunday. 11am to spm at the Garden.
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      • Article
        TICKETING
        143 25  -  Compiled by Christopher Toh Sistic outlets are at Forum The Shopping Mall, Ginza Plaza. Junction 8, Liang Court, Raffles City, Scotts. Specialists Centre, Takashimaya. Cold Storage at Jelita and World Trade Centre. Also at Victoria Concert Hall and the Singapore Indoor Stadium. Hotline: 348-5555. Ticket Charge outlets are at
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    • EPICURE
      • Article, Illustration
        Marina South makes up for lost time
        1448 26  -  BonAppetit By CORINNE KERK WHICH dining and entertainment district has been sitting idly for three years in land-scarce Singapore while rivals such as Boat Quay and Clarke Quay have been building up a regular clientele? If you're thinking of the former Marina Village
        1,448 words
      • Article
        Building your own cellar
        657 26  -  Wine By N K YONG HERE are a number of important considerations to be taken into account when building your own cellar. Size first. How many bottles should it hold? This will depend on your consumption habits and whether you wish to cellar only ready-to-drink wines
        657 words
    • Article, Illustration
      CINEMA
      1027 28 Blindfold: Acts Of Obsession. A married couple try to keep their lives exciting. Shrink Judd Nelson tells them to act out their erotic fantasies. R(A). Yangtze: 5.30; 12am. Chinatown: 6.45. Bugis Street An innocent Malaysian girl (Hiep Thi Le, Heaven And Earth) loses her job as maid. But she
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      Page 17 Advertisements Column 1
      72 17 JUST DESERTS Legal discourses In digestible portions. The Law Page. Every Thursday. BusmessTimes Les Charms d'Or de Cartier. FOR MOTHER'S DAY Cartier JEWELLERS SINCE 1847 A gift specially created for this occasion will be presented for every purchase from sth May to 14th May 1995. Cartier boutique/ Singapore Ngee Ann
      72 words
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      45 21 W DonnaKakan W fvl F W YORK ski > > h i > 'Aii 11 i i i -ni i >r i m. mi i .1' I .A I •k J'J VI I <•> H M <■> I I. I h .1 H i iII I 11 j( I wmi
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      Page 26 Advertisements Column 1
      56 26 INNOVATION I TECHNOLOGY 1 in Business Times every Thursday I f3Li»(c#ary of Presents BOOK NOW for the KTV Rooms spectel promotion (For reservation please call *****36) Company Party Product Launch Dinner Dance or just anything you can imagine. We got everything you need to make a memorable 101 Thomson Road
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      Page 26 Advertisements Column 2
      401 26 WHERE TO WINE, DINE AND ENTERTAIN Jfoatere Olde English Eating House Ml y 4 277 Orchard Rd #02-38 Specialists' Centre Singapore (0923) I LUNCH SPECIAL ft UH Steak J Mushroom Pie N Valid Mon-Fri except Public Holiday DEVONSHIRE CREAM TEA B (Served from 3pm-6pm) Oven hot scones with butter, strawberry
      401 words
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      Page 27 Advertisements Column 1
      916 27 msSS This BUD's For You J I WHERE TO WINE, DINE AND ENTERTAIN UNO OF The Penang Ipoh Hawkers Are At The Boulemrd! April 21 May 7 Don't miss these unique hawker favourites. $17.80 (adult) $14.80 (child) (Priao subject to 10* javice charge, 1% oea 8c 3% GST (jmftstl M
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      Page 27 Advertisements Column 2
      255 27 I Celebrating fish Lets drink to fish. Bouillabaisse or Tom Yam? Top of the M celebrates fish with a lunch buffet of everg imaginable fish recipe. Salmon, sole. "fry* snapper, sea bass... if it can be caught, it can be cooked. And we know all the delicious wags. Continental or
      255 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2460 28 TODAY'S TV Inquiring Minds, 7pm, Ch 12 Ij^BH 6.00 AM Morning News, CNN. CHI2 Answers to fascinating ques- L MotivasiSenaman. This Malay movie looks at the tions like, "How do people Yan^DMiayang AB of Vandanwangi when lightning?" and "Where do Pr |'jjjj Bfi^a^ftniia* businesses from a nearby city seedless oranges
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