The Business Times, 13 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 13-14 1995 WE KNOW ASM 85^
    13 words
  • Article
    JTC cuts waterfront rents to draw petrochem investments
    817 1  -  By Genevieve Cua, Rahita Elias SINGAPORE The Jurong Town Corporation will launch a new pricing scheme for waterfront land in a major effort to attract even more investments in the chemical and petrochemical sectors, where a project's capital cost can exceed $1
    817 words
  • Article
    US dollar hits 86.92 yen at noon in New York
    488 1  -  From Neil Bchrmann SENTIMENT is at last beginning to favour the US dolfar. In just four trading days, the greenback made impressive gains against the major currencies. In early New York trading yesterday, the dollar was up against all major
    488 words
  • Article
    First-quarter S'pore growth figures due on Tuesday
    122 1 SINGAPORE'S economic growth figures for the first three months of this year will be released on Tuesday, the Ministry of Trade and Industry said yesterday. Analysts polled by Business Times last month predicted that the first quarter's growth would exceed 8 per cent
    122 words
  • Article, Illustration
    Lock icon Aokam MD takes rap for dismal showing
    477 1  -  By Amy Balan SINGAPORE Teh Soon Seng, the prime mover behind Aokam Perdana Bhd, has taken the blame for the disastrous fall in the timber star's share price and profits. "The market has never been kind to failures or disappointment. It is basically
    Source: Bloomberg  -  477 words
  • Article
    Property and banking stocks boost S'pore market Anther
    546 1  -  By Paul Leo SINGAPORE Interest rate-sensitive property and banking stocks continued to lead the Singapore stock market higher yesterday even as profit-taking set in. As was the case the day before, the stock market took heart from the news that yields on
    546 words
  • Article
    Lock icon Dow up 15
    54 1 Reuter NEW YORK US stocks pushed further into record territory yesterday in a broad-based advance. The Dow Jones Industrial Average was up 15.56 points at 4,426.75 at 1 pm EDT. Gains outpaced losers on the New York Stock Exchange by a 11-9 margin, in robust trading of
    Reuter  -  54 words
  • Article
    MARKET SUMMARY
    172 1 Stock market indices Friday Change STII 2.179.87 +15.27 KLSEComp 1.013.94 +13.41 Nikkei 16.420.76 -40.97 Hang Seng 9.217.83 +192.17 SET Index 1.360.19 +14.64 Jakarta Comp 460.0 +0.45 Manila Comp 2.732.27 +42.98 Taipei WPI 5.740.02 -36 16 Seoul Comp 866. II +1.32 Bombay BSE30 ..3.131.21 -56.3 CLSA China B 742
    172 words
  • Page 1 Advertisements
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  • SINGAPORE NEWS
    • NEWS ROUNDUP
      • Article
        Closures for road-pricing gantries
        106 2 SINGAPORE Two stretches of the East Coast Parkway (ECP) will be affected by early-morning closures next week for the construction of gantries. The section of the ECP from Fort Road junction to the 14 km mark in the direction of the city/Jurong will be closed on
        106 words
      • Article
        CPF interest, HDB mortgage rates up
        86 2 SINGAPORE The Central Provident Fund Board yesterday announced that from July 1, its savings interest rates will increase by 0.72 percentage point to 3.82 per cent. Savings in the Special and Retirement Accounts will also receive a higher interest rate of 5.07 per cent.
        86 words
      • Article
        Notes with new security features
        71 2 SINGAPORE From next Thursday, the Board of Commissioners and Currency will issue a new $100 "Ship' series note made with special cotton paper. The design and size of the new bill will be unchanged, but two new security features security thread and magnetic ink will
        71 words
      • Article
        New service for credit card holders
        81 2 A CREDIT card loss reporting service that promises to soften the blow of losing your wallet will be launched this weekend. Card Guard International is aimed at multiple credit card holders. For a -fee of $28 a year, Card Guard offers a 24-hour phone-in
        81 words
    • Article, Illustration
      Clothes maker Three Rifles diversifies into property
      445 2  -  By Jenny Lam GARMENT maker Three Rifles Holdings (TRH) has diversified into property as part of its preparation for possible public listing here and in Malaysia. Its newly formed property subsidiary Three Rifles Land (TRL) will spend about $47 million to develop three
      445 words
    • Article
      Tariff cuts will save US$333m a year, says TDB
      273 2  -  By Chuang Peck Ming SINGAPORE could save up to USS333 million (*****.8 million) a year when the Uruguay Round tariff cuts are implemented in full in its top five export markets, says a Trade Development Board study. The cuts agreed after
      273 words
    • Article, Illustration
      Travel industry beckons retired soldiers
      534 2  -  By Agnes Wee RETIRING soldiers wondering what career they should march into next may like to consider the travel industry. The travel trade is trying to plug the acute stall shortage in the industry by recruiting early-retiring army personnel who are looking for a second
      534 words
    • Article, Illustration
      Traders Hotel S'pore targets business class
      444 2  -  By Amy Balan IF Shangri-La means first class. Traders would be business class. That's the strategy that Hongkong-based Shangri-La Hotels and Resorts is taking to promote its new brand, relatively no-frills businessman hotel. And after a slow start in 1989, Traders Hotel is ready
      444 words
    • Article
      Cable Vision adds 24-hour channel from China
      149 2 SINGAPORE Cable Vision has signed up CCTV-4, a 24-hour channel produced by the China Central Television Station. This brings SCV's number of channels to 13 channels. It recently signed up eight channels under Star TV, and also has Asia Business News and BBC
      149 words
  • Page 2 Advertisements
    • Advertisement
      Page 2 Advertisements Column 1
      105 2 nZ R ESE ARC: 11 AN VIA ST ||j| (Jakarta liasrtl) BZW has established a significant presence in the primary and secondary equity markets in Indonesia. We are now looking to further expand our research team with the addition of a senior analyst who will focus on banking. 1 his
      105 words
    • Advertisement
      Page 2 Advertisements Column 2
      49 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.
      49 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      396 2 Singapore: Fair Temperature {25-31 m I*. 1(1/!.■ Caad. till Hi Mi/IV Cud. Buenos tan 18,06 Ctaidy Auckland 16/10 Cloud* Amsterdam 13/06 Ctaidy Cheago 20/10 Cjoujy BaneKc* 34/25 Cloudy Athens 31/21 S»**»y HonoWki 27/22 Oouly ae,,ne 22/13 Cloudy BerSn 16,0S ClcxxJy Houston 27/23 T storm Fkyni 34/28 Cloudy Bonn 17/09 Cloudy
      396 words
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  • THE REGION
    • Article, Illustration
      Bank on inland provinces, China tells S'pore investors
      548 3  -  PMGoh in China By Alvin Toy THE message from the Chinese leaders to Singapore businessmen was clear: Yes, go to the inland provinces. Yesterday, National People's Congress chairman Qiao Shi told Prime Minister Goh Chok Tong that he welcomed Singapore's interest in
      548 words
    • Article, Illustration
      Lock icon Kobe building collapses after downpour
      51 3 AFP KOBE, Japan Onlookers studying the quake-hit eight-storey building which collapsed following a heavy rain in Kobe yesterday. No one was hurt. Weather forecast for yesterday suggested that a heavy rainstorm was expected in western Japan and Kobe officials are on alert for further disasters.
      AFP  -  51 words
    • Article
      Qantas, BA allowed to pool Europe services
      244 3  -  From Florence Chong in SYDNEY THE Australian business watchdog, Trade Practices Commission, has cleared the way for Qantas and British Airways to combine their flight schedules to Europe. TPC announced yesterday that the two airlines would be permitted to share resources and revenues
      244 words
    • Article
      NZ opposition warns of backlash against Asia
      286 3  -  From Mike Simms in AUCKLAND THE New Zealand government was yesterday accused of being "crass and ham-fist-ed" in its attempts to forge ties with Asia. Opposition leader Helen Clark who visited Singapore, Malaysia and Thailand last month said the government risked creating a
      286 words
    • Article
      Spratlys dispute could hit air, sea traffic: SM Lee
      385 3 SINGAPORE Singapore is concerned that the dispute over the Spratlys could impinge on the freedom of navigation of ships and flights of aircraft in the region. Senior Minister Lee Kuan Yew has said in an interview with The Asian Wall Street
      385 words
    • ASIA NOTES
      • Article
        Lock icon Deng's son dismisses rumours
        95 3 AFP SYDNEY The son of China's paramount leader Deng Xiaoping has "dismissed as rumour the cloud of innuendo enveloping his family", a newspaper reported here yesterday. Deng Pufang, chairman of the China Disabled Person's Federation, spoke with Australian journalists in Beijing prior to a visit to
        AFP  -  95 words
      • Article
        Lock icon China to let 83 firms go bankrupt
        95 3 Reuter BEIJING China will allow 83 state-owned enterprises to declare bankruptcy this year, the official Xinhua news agency said on Thursday. Wang Zhongyu. head of the State Commission for Economy and Trade, told a national conference that Beijing was determined to implement some
        Reuter  -  95 words
      • Article
        Lock icon Philippines set for strong growth
        61 3 Reuter MANILA Finance Secretary Roberto de Ocampo predicted yesterday that the Philippines was poised for a "banner year" of economic growth triggered by the victory of government candidates in Monday's national elections. "What I see happening is a banner year where the Philippines is going
        Reuter  -  61 words
      • Article
        Lock icon Probe into ex-police chief's new job
        90 3 Bloomberg Business News HONGKONG The Hongkong government launched an investigation into possible conflicts of interest after Li Kwan-ha joined Cheung Kong (Holdings) shortly after retiring as the territory's police commissioner, the Eastern Express reported yesterday. The Secretary for the Civil Service, Michael Sze, was
        Bloomberg Business News  -  90 words
    • Article
      Lock icon Inflation worries in China again
      341 3 Reuter BEIJING China's urban prices were on the upswing in April after a six-month fall, leaving some economists unsure yesterday whether Beijing can achieve its 1995 inflation target of 15 per cent. Consumer prices in the 35 major cities rose an annual 19.7 per cent
      Reuter  -  341 words
  • Page 3 Advertisements
    • Advertisement
      Page 3 Advertisements Column 1
      34 3 I Big Boys Join Hands. for strategic planning Directions The Business Magazine r o Available at all leading bookstores and news stands. For subscription and enquiries please call or fax. Get your DIRECTIONS today.
      34 words
  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      54 3 NO HOFfe NC.VG.R piind -Tmcpc-'Q D LlFfe ftu. ,r TOT RRtw IS W=> To AfcC IjF*^ %£jkg£ HQ _^i— POONESBURY GARRY TRUDEAU ONLY 30% OF OUR OCPS HOUJ PO fi&ONS. 1 TU9JFZ \AWOF AH ARBFtU££>. INFACT, HOV& m—M SIX I THATS 7H£Y MAJN- UJHY,WU 1 seeMsoum M MOUTHS?\RIGHT. J JA/NPRO-
      54 words
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  • REGION/WORLD
    • Article
      Lock icon Japan may retaliate with sanctions against US
      555 4 Reuter, AFP TOKYO Japan yesterday hinted that it might take retaliatory steps of its own, including trade sanctions, in an escalating dispute with the United States over car imports. "Our reaction to the US list may not be limited to our complaints with
      Reuter,; AFP  -  555 words
    • Article
      Lock icon EPA fears yen's rise may block recovery
      201 4 Reuter TOKYO Japan's economy is still recovering gradually, although fears about possible damage from the recent currency volatility remain, the Economic Planning Agency (EPA) said in its monthly report. "The economy is tracing a moderate recovery path with ongoing adjustments in corporate capital
      Reuter  -  201 words
    • Article, Illustration
      Lock icon Towering Troll
      60 4 AFP STAY ANGER, Norway The Troll' drilling platform, the world's biggest concrete construction at 427 metres high, being towed to its drilling position in the North Sea off the Norwegian coast. Ten huge tug-boats with a combined strength of about 130,000 horsepower are currently moving it at a
      AFP  -  60 words
    • Article
      Lock icon European body says economic recovery stalled
      145 4 Reuter BRUSSELS The economic recovery in the European Union has stalled, albeit at a high level, and consumers are increasingly worried about the future, the European Commission said yesterday. "The April 1995 business and consumer survey results confirm the pause in the business cycle,"
      Reuter  -  145 words
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1762 4 Afca DkaM GA860 1945 IHniMwi SQ977 1655 SQ978 0132 XMlii Of81 1930 QF82 2055 H* CM MM City VN741 1310 VN740 1410 AMan RJI87 0130 SQ171 1915 SQ172 1430 A—tartaai SQ25 0650 KL838 2300 ||in|tmi UA1 0050 UA2 0835 KL831 0925 SQ324 2330 n25 0x7,0 0840
      1,762 words
    • Article
      Lock icon Highlight problem of US$'s slide at G-7 summit, Asean urges Canada
      331 4 Reuter VANCOUVER Asean foreign ministers urged Canada on Thursday to voice concern about the dollar's recent slide against the yen at next month's G-7 summit. Canadian Foreign Minister Andre Ouellet played host to his counterparts from the sixnation Association
      Reuter  -  331 words
    • Article
      Lock icon Japan may cut interest on foreign aid loans to compensate for yen's rise
      278 4 Reuter, Knight-Ridder TOKYO Japan has begun to study the possibility of lowering interest rates on yen loans to developing nations in a bid to help ease repayment burdens, Kyodo news agency reported yesterday. Quoting unnamed government sources,
      Reuter,; Knight-Ridder  -  278 words
    • Article
      Lock icon April rise in US consumer prices highest since last summer
      455 4 Bloomberg Business News, Reuter WASHINGTON Consumer prices in April registered their biggest increase since last summer, the US government said yesterday, as surging vegetable prices pushed food prices up sharply. The consumer price rises came on the heels of a
      Bloomberg Business News,; Reuter  -  455 words
    • Article
      Lock icon Berlusconi's Fininvest mulls over Murdoch's offer for three TV stations
      180 4 Reuter MILAN Former prime minister Silvio Berlusconi's Fininvest company yesterday confirmed reports that tycoon Rupert Murdoch's News Corp has made an offer for its three national television stations. The financial daily II Sole 24 Ore, which earlier broke the news
      Reuter  -  180 words
    • Article
      Lock icon Thousands cheer as Clinton pledges support for Ukraine
      421 4 Reuter KIEV Elderly Ukrainians wept and thousands of normally reserved Kiev students cheered wildly yesterday when US President Bill Clinton praised their country and pledged to help right its shattered economy. Not generally prone to public outbursts, the youngsters roared their approval
      Reuter  -  421 words
  • Page 4 Advertisements
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  • THE WORLD
    • Article
      Lock icon Pound's rise, slower growth data silence Clarke critics
      420 5 Reuter LONDON A storm over British finance minister Kenneth Clarke's decision not to raise interest rates calmed yesterday as the sterling pound rose sharply and economic da* ta showed slower manufacturing growth. The Chancellor of the Exchequer astounded financial markets a week
      Reuter  -  420 words
    • Article, Illustration
      Lock icon Enjoying a break with the real thing
      45 5 AFP MOSCOW US President Bill Clinton and First Lady Hillary Clinton enjoying a Coke during their visit to the Moscow Coca-Cola factory on Thursday. On the left is Michael O'Neill, head of the Coca-Cola business in Russia. AFP
      AFP  -  45 words
    • Article
      Lock icon Tietmeyer lashes back at businessmen over economic woes
      210 5 FT FRANKFURT Bundesbank president Hans Tietmeyer on Thursday hit back at German industrialists who have blamed the recent rise in the deutschemark for a decline in the country's international competitiveness. Businessmen were themselves responsible for the bur- dens imposed on the economy
      FT  -  210 words
    • Article
      Lock icon Safer from a nuclear holocaust? Maybe
      356 5 Reuter NEW YORK A global treaty that aims to stop the spread of nuclear weapons and eventually to wipe them from the face of the Earth has been renewed indefinitely. But is the world now a safer place? Maybe. The nuclear era, which started
      Reuter  -  356 words
    • Article
      Lock icon Sterling stages rally despite political jitters
      243 5 Reuter LONDON Sterling has joined in the dollar rally party and is at last getting a life of its own, despite lingering political and economic jitters. The scramble into the dollar following its near 15-month decline has put downward pressure on the mark, but
      Reuter  -  243 words
    • Article
      Lock icon US pundits foresee slide into recession but not in near term
      280 5 Reuter NEW YORK Despite all the talk about a "soft-landing" for the economy, most economists say it will inevitably crash into another recession. But the inevitable may not happen anytime soon. In the near term, the economy appears headed
      Reuter  -  280 words
    • WORLD WATCH
      • Article
        Lock icon More corporations avoiding US taxes
        98 5 NYT WASHINGTON Hundreds of multi-national corporations with trillions of dollars in annual sales pay nothing in US corporate income taxes, and the number of tax avoiders is growing, congressional investigators said on Thursday. General Accounting Office (GAO) auditors concluded that about 25.600 foreign-based companies operating
        NYT  -  98 words
      • Article, Illustration
        Lock icon Latest from Mercedes
        41 5 AFP STUTTGART, Germany The E 220 Diesel of Mercedes' new E-Class outside Stuttgart's Ludwigsburger Palace yesterday. The basic E 220 Diesel will go to the dealers on June 24 and will be priced at 51,980 marks (5550,680). AFP
        AFP  -  41 words
      • Article
        Lock icon S Africa told it's uncompetitive
        77 5 Reuter JOHANNESBURG South Africa must address its very serious economic and social problems if it wishes to compete successfully for foreign investment, a World Economic Forum conference heard. Mark Schriber, managing director of Du Pont de Nemours International, said South Africa had poorly enforced laws,
        Reuter  -  77 words
      • Article
        Lock icon Dumping Major unlikely to help Tories
        67 5 Reuter LONDON Dumping British Prime Minister John Major would probably not enhance the chances of the ruling Conservative party in a general election, a poll said yesterday. The Gallup poll for the Daily Telegraph newspaper put the opposition Labour party's popularity at 55.5 per
        Reuter  -  67 words
      • Article
        Lock icon Orange County recovery plan gets nod
        51 5 Bloomberg Business News SACRAMENTO, California Both houses of the California legislature yesterday approved five bills essential to funding bankrupt Orange County's recovery plan. They will become law as soon as Governor Pete Wilson signs them which could happen as early as tomorrow. Bloomberg Business
        Bloomberg Business News  -  51 words
  • Page 5 Advertisements
    • Advertisement
      Page 5 Advertisements Column 1
      208 5 Results of tender for pl&ixable book-entry Government Boll;|| 1995 due 1 April 1997 and 15 June 2001 to be issued on 16 May 1995 Tenor approx. 2 years approx. 7 years Allotted *****,000,000 *****,000,000 f Amount Applied *****,000,000 *****,000,000 *JK9HO| Rate 1.875% p.a. 4.500% p.a. Price on Allotment 1.14% p.a.
      208 words
    • Advertisement
      Page 5 Advertisements Column 2
      347 5 I MFiline An SPH AudioTex Service ENGLISH NUMBER Children's Funland Three Blind Mice 910 0001 Usborne® Journey To The Lost Temple; Puzzle Adventures® Win Ameribuck. Prizes! 910 0002 Horse Racing Results u/5. sat 911 0001(*) 4D/Sweep/TotO Toto Draw No 971; Win Prizes! 911 0002(*) Tele-Games Crack The Safe A Mrs
      347 words
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  • COMPANIES & MARKETS
    • Article
      Rent income recognised on accrual basis, says Metro unit
      316 6 SINGAPORE Metro Hojdings said yesterday its subsidiary Orchard Square Development Corp (OSDC) recognises rental income on an accrual basis. Metro was replying to a query from the Stock Exchange of Singapore, which wanted to know how the income was recognised. OSDC
      316 words
    • Article
      Showa Plastic set to seek local listing this year
      297 6  -  Funds raised through IPO will be used for regional expansion From S N Vasuki in SHANGHAI SHOWA PLASTICS Singapore will seek a listing soon on the main board of the Stock Exchange of Singapore. Company president Kenzo Nakagawa said yesterday Showa
      297 words
    • Article
      Hai Sun Hup buys fourth Aussie hotel for A$38m
      423 6 SINGAPORE Shipping group Hai Sun Hup is buying its fourth Australian hotel. The group yesterday struck a deal with Bouvet Pty Ltd to acquire the five-star Terrace Inter-Continental in Adelaide for As3B million (5539.6 million). The acquisition, subject to approval from
      423 words
    • Article
      CDL subsidiary aims to build up land bank in New Zealand
      417 6  -  By Agnes Wee CDL LAND New Zealand, a member of the listed CDL group in Singapore, plans to continue expanding its land portfolio. The company, which is one of two operating subsidiaries of listed CDL Investments New Zealand, has
      417 words
    • Article
      Is this rally the roar of a bull, or a mere snort?
      691 6  -  HOCK LOCK SIEW By Catherine Ong SINGAPORE Kudos should go to international chartist David Fuller, who predicted in January that the Singapore stock market was likely to bottom out in the first quarter and that the rebound that
      691 words
    • Article
      Fels in talks for contracts to build North Sea oil production facilities
      294 6  -  By Rahita Elias SINGAPORE Rig builder Far East Levingston Shipbuilding (Fels) is said to be eyeing contracts to construct floating oil production and processing facilities. An industry source said the yard was negotiating for two or three such
      294 words
    • Article
      Hwa Tat Lee ties up with Shanghai furniture maker
      179 6 SINGAPORE Furniture maker Hwa Tat Lee Holdings (HTL) is boosting its presence in China through a 12-year joint venture with a Shanghai furniture manufacturer and retailer. HTL will invest US$7OO,OOO (*****,000) in the joint venture with Shanghai Hua Hong Enterprises Co.
      179 words
    • EYE on your STOCKS
      • Article
        MARKET MOOD
        19 6 For next week's expected market sentiment, see BT Sentiment Index on EL4 (Personal Finance A Investment section)
        19 words
      • Article, Illustration
        HOT STOCK
        88 6  -  -By Quak Hiang Whai Like other property counters. Wing Tai has had a good run this month. But technical chartists would find difficulty recommending a strong buy based on current charts. The counter's daily and weekly RSIs are fast moving towards the 75 mark. Any further rise would
        88 words
    • COMPANIES
      • Article
        Bangkok Bank 1st-qtr profit jumps 27% to 4.5b baht
        411 7  -  From Loh Hui Yin in BANGKOK THAILAND'S largest commercial bank, Bangkok Bank, yesterday said its consolidated net profit for the JanMarch period was 4.5 billion baht (***** million), a 27 per cent jump from 3.5 billion baht a year ago. The
        411 words
      • Article
        Lock icon Post-Suharto climate will not affect Bimantara, says his second son
        242 7 Reuter JAKARTA Indonesian President Suharto's second son, Bambang Trihatmodjo, was quoted yesterday as saying that an eventual presidential succession would not rock his Bimantara group because it was managed professionally. Mr Trihatmodjo, in a front-page interview with the Media Indonesia
        Reuter  -  242 words
      • Article
        Lock icon Court to decide today on Berjaya's suit against Public Bank
        264 7 Bernama KUALA LUMPUR Berjaya Industrial Bhd and Berjaya Corporation (Cayman) Ltd, which are suing Public Bank (Labuan) Ltd and three others over alleged unauthorised transactions, will know today whether the bank will be stopped from proceeding with an action against
        Bernama  -  264 words
      • Article
        Ayala hoists first-quarter profit 37.5%
        357 7  -  Property sales and shopping centre income fuel earnings From Al Labita in MANILA PHILIPPINE conglomerate Ayala Corp hoisted profit 37.5 per cent to 1.032 billion pesos (5564.5 million) in the first quarter of this year, chairman Jaime Zobel de Ayala said yesterday. He attributed the
        357 words
      • COMPANY BRIEFS
        • Article
          Goldtron to list bond on May 17
          30 7 SINGAPORE Goldtron's $48.42 million. 6.75 per cent unsecured convertible bonds due in the year 2000 will be listed on Sesdaq on May 17.
          30 words
        • Article
          Venture Mfg in multimedia venture
          55 7 SINGAPORE Venture Manufacturing has signed a memorandum of understanding with the owners of Innovative Trek Technology (ITT) to subscribe for 80 per cent of the latter's equity for $800,000. Venture said it will finance the investment from internal resources. ITT is the developer of multimedia
          55 words
        • Article
          Lock icon Dharmala's profit down 43%
          87 7 Bloomberg Business News HONGKONG Commodity and industrial trading company Dharmala Holdings Ltd said its net profit fell 42.8 per cent to HK581.94 million (S$ 14.95 million) in the year ended Dec 31, down from HK$ 143.4 million the year before, as the company announced a new
          Bloomberg Business News  -  87 words
        • Article
          Lock icon Innovest cuts losses
          54 7 Bernama KUALA LUMPUR Innovest Bhd has reduced its group operating pre-tax loss to M 54.13 million for the year ended Dec 31, 1994, from a loss of MS 11.74 million in 1993. An Innovest statement said group turnover dropped to M 531.74 million from MS 103.88 million
          Bernama  -  54 words
        • Article
          Lock icon B Leisure unit sells office space
          78 7 Bernama KUALA LUMPUR Berjaya Leisure Bhd's wholly owned subsidiary, Nural Enterprise Sdn Bhd, is to sell office space in Plaza Berjaya here to Berjaya General Insurance Sdn Bhd for M 56.28 million or at MS39O per sq ft. B General Insurance is 70 per
          Bernama  -  78 words
      • Article
        Untitled
        562 7 Managers priew Mav 1J A 15 Mendaki Or Fund 1.02 l.05ffi Singapore Unit Trust usorFu*! .0. ios* tTcoTZL .58 67«i U06 Asset Mgt Ltd The Savings fund 1.53 1.62 Unifund 1.43 1.50 Spore Prog fund 0.61 0.65 Inibond+ I.03 1.055 S'porc Sec Fund 0 W 1.05 United Gr Fund' 1.65
        562 words
      • COMPANY BRIEFS
        • Article
          Lock icon Renault's first quarter revenue up 13%
          76 8 AP PARIS French carmaker Renault SA yesterday said its revenue in the first quarter of 1995 reached 48 billion francs (5J13.3 billion), up 13 per cent from the year-earlier period. Renault's vehicle division, which represents 75 per cent of the company's activity, registered revenue
          AP  -  76 words
        • Article
          Lock icon Air NZ, News Corp agree on Ansett price
          69 8 Bloomberg Business News SYDNEY Air New Zealand Ltd agreed on Thursday to pay a "ballpark" figure of A$500 million (SS521.4 million) for News Corp's 50 per cent stake in airline Ansett Australia, The Australian newspaper reported yesterday. The newspaper, which is published
          Bloomberg Business News  -  69 words
        • Article
          Lock icon Grand Met sees rise in interim profits
          63 8 UPI LONDON Alcoholic drinks manufacturer Grand Metropolitan announced on Thursday a rise in pre-tax profits to £459 million (551.02 billion) in the six months to March 31, from £442 million in the same period last year. Chairman Alan Sheppard said the the rise
          UPI  -  63 words
        • Article
          Lock icon Bethlehem Steel denies building plant
          38 8 Reuter BETHLEHEM, Pennsylvania Bethlehem Steel Corp has said it is not developing an integrated steel plant in India. The company issued a statement in reaction to an article in Press Trust of India.
          Reuter  -  38 words
      • Article
        Lock icon Hilton Hotels' earnings in 1st four months up 40%
        258 8 Bloomberg Business News BEVERLY HILLS, California Hilton Hotels Corp said earnings in the first four months of this year rose 40 per cent because of higher occupancy rates at its hotels. Net income rose to U5549.4 million (5569.8 million), or US$l.O2
        Bloomberg Business News  -  258 words
      • Article
        Lock icon MCI-News Corp venture may buy business publishers
        340 8 Reuter NEW YORK MCI Communications Corp said on Thursday that its new media venture with Rupert Murdoch's News Corp may acquire business publishers and beam their information to MCl's commercial customers. On Wednesday, MCI said it would buy 13.5 per cent of News
        Reuter  -  340 words
      • Article, Illustration
        Lock icon Rockefeller Centre owner files for bankruptcy protection
        545 8 Reuter NEW YORK A Japanesecontrolled investment group that owns Rockefeller Centre filed for bankruptcy protection on Thursday, ending a protracted effort to bail out the prestigious property in the centre of Manhattan. The failure of the two partnerships controlled by Japan's giant Mitsubishi
        Reuter; AFP  -  545 words
      • Article
        Lock icon Shanghai bourse stops bond futures trading again
        361 8 Reuter SHANGHAI The Shanghai Stock Exchange halted trading in its scandal-tainted bond futures market again yesterday after what traders said was an attempt by a big investor to manipulate prices. An exchange announcement ordered members to cut in half their holdings of treasury
        Reuter  -  361 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        379 8 Vessel Voy Hi B«r1h krimt Departae Vessel Voy No Berth Vrwil Departure Jurong Port Krero 13Cft POU 1305/1630 1305/1730 Y Nora 05/01/95 12/3 12.05/1000 1305/2300 Ksar El Bouk 1CNA95 P06 12 05/2000 15 05/1900 Pine Bright 60 J7 12 05/1830 1405/1500 Iman 7002W P01 13 05/0700 14
        379 words
      • Article
        CONTAINER SCHEDULES
        1400 8 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Booking/Balance Rslts Ship Voy No Etb/Btr Period From To From Ac» Daisy 065A 14/0700 IB 12/1500 12/1669 12/1900 3 13/0700 13/1159 13/1400 4 13/1200 13/1459 13/1700 Au lade 238A 14/0700 IB
        1,400 words
    • FINANCE & COMMODITIES
      • Article, Illustration
        Insurer Prudential sets its sights on 20% market share
        443 10  -  Focus will be on training, information technology and new products By Soh Tiang Keng SINGAPORE Britain's' Prudential Corp plans to introduce a wider range of in-vestment-linked products and crisis-cover policies in Singapore and the region in the next few years. The
        443 words
      • Article
        Lock icon US bank to make Hongkong a securities-lending hub
        230 10 Bloomberg Business News HONGKONG Chicagobased Northern Trust Co plans to make Hongkong the third hub of its worldwide securitieslending business. The bank's subsidiary, Northern Global Financial Services Ltd, opened its first AsiaPacific here this month to grab a piece of what executives
        Bloomberg Business News  -  230 words
      • Article, Illustration
        Greenback bounces back against most units
        284 10 DBS Bank weekly currency review LS$/D\l: US$ turn around The greenback rebounded strongly this week from Monday's low of 1.3621 to 1.4390 on Thursday before dipping slightly to trade around 1.4365 yesterday morning. After a break of strong resistance at 1.4230, the next upside
        284 words
      • Article
        Lock icon China ahead of schedule in treasury bond issue?
        223 10 Reuter BEIJING China is expected to fulfil its first-half target of issuing 120 billion yuan (Ss2o billion) worth of treasury bonds ahead of schedule, but the number of tradeable bonds is too few, Xinhua news agency quoted experts as saying. Sixty representatives
        Reuter  -  223 words
      • Article
        Lock icon Philippine central bank profit up 49% to 10b pesos
        173 10 Bloomberg Business News MANILA The Philippine central bank yesterday said net income in 1994 exceeded projections by 49 per cent because of lower-than-expected expenses. The Bangko Sentral ng Pilipinas' profit reached 10 billion pesos (***** million) 3.3 billion pesos more than
        Bloomberg Business News  -  173 words
      • Article
        Lock icon China sugar auction shows growing demand
        453 10 Reuter HONGKONG Regional sugar traders were yesterday happy with the thought that China could soon be back in the market after Chinese trading houses paid high prices at a bulk white sugar auction in Guangzhou. Traders who attended the auction, in the southern Chinese
        Reuter  -  453 words
      • Article
        Lock icon Crude oil prices under renewed pressure by fund selling
        235 10 ENERGY REPORT Reuter LONDON Crude oil prices came under renewed pressure yesterday as an investment fund sell-off threatened to bite deeper into a two-month-old rally on world markets. London June futures for benchmark Brent blend crude oil were seven cents down
        Reuter  -  235 words
      • Article
        Lock icon Currency Reports:London
        191 10 Reuter LONDON The dollar's 6.5 per cent rally against the mark this week has led to a sea change in sentiment towards the US currency which is forcing investment funds, exporters and interbank traders to scramble to catch the rally. What started the week as a mild correction
        Reuter  -  191 words
      • Article
        Lock icon New York
        91 10 AFP NEW YORK The dollar was up against all major currencies with the exception of the pound sterling in early wall Street trading yesterday. The ounce of gold meanwhile was up U552.23 to U*****.80 an ounce. At 1415 GMT, the dollar was at 1.4425 marks against 1.4340 at
        AFP  -  91 words
      • Article, Illustration
        Untitled
        1602 10 Irode nrtxhlttJ inJr\ lukulalfd afuirsl S'pure i lop 14 iraJint partner* Bom- ytvr I9B< US$/S$ forward rates Noon /May 12 s$ Bid Offer 1-month ***** ***** 2-monih ***** 1 4030 3-monlh ***** ***** 6-month I 3840 1.3860 Souriv OCBC Source: OCBC FOREIGN CURRENCY NOTE RATES As at 9am on May
        1,602 words
    • COMMODITIES & FUTURES
      • Article
        Lock icon Euroyen eases on weak Japanese govt bond
        1369 11 SIMEX REPORT Reuter SINGAPORE Simex Euroyen futures were softer due to weak Japanese government bond (JGB) futures in Tokyo, while Eurodollar futures were flat, dealers said. "Euroyen futures seem to have finished their bullish trend," said one dealer at a Japanese futures firm.
        Reuter  -  1,369 words
      • Article
        Tokyo gold leaps on sharp rise in US$
        666 11 COMMODITY REPORTS Gold TOKYO: Gold futures surged across the board on bullish sentiment fuelled by the dollar's strong rebound against the yen. Yen-based futures ranged from 23 to 32 yen per gram higher at the close. Benchmark April finished 28 up at
        666 words
      • KNIGHT-RIDDER COMMODITY SUMMARY
        • Article
          Platinum up on Japanese buying
          84 11 TOKYO Platinum prices turned higher despite an improving US dollar against the yen in steady Asian trade. As the dollar rose early in the day. trading houses bought yen-dominated platinum futures in Tokyo and sold dollar-denominated spot platinum to reflect the changes in exchange rates,
          84 words
        • Article
          Japan buys more stainless steel
          70 11 TOKYO Japan's orders for stainless steel sheet were 127,148 tonnes in March, up 4.6 per cent from a year before, according to figures released yesterday by the Stainless Steel Association. Of the iotal. nickel-based stainless steel accounted for 89.274 tonnes, while the chrome-based totalled 37,874
          70 words
        • Article
          Cotton price to remain firm
          78 11 TAIPEI International cotton prices will remain high for at least the next three years, the Commercial Times reported yesterday. A Cotton Council International official said the reasonable price for cotton is between 90 US cents (551.25) and 100 US cents per pound. He said that
          78 words
        • Article
          Copper rises on short-covering
          80 11 NEW YORK Copper rose on short-covering in post-kerb trading before the release of London Metal Exchange warehouse figures due yesterday morning. Mirroring events on Comex, three-month copper gained US$lB (SS2S) a tonne from the LME close. It was last quoted at U552,747.00. The market is awaiting
          80 words
      • Article
        COMMODITY PRICES
        1436 11 SICOM Futures Rubber (futures closing as at 5.30pm) RSS I Contract (S cents/kg) Close Volume Open Month High Low Set! (tonnes) Interest 257.00 257.00 258.50 50 1225 Jul 250.50 2425 Aug 248.00 2025 Sep 245.50 1800 Oct/Dec 244 00 241.00 240.50 450 5475 Jan Mar 96 240.00 3075
        1,436 words
    • REGIONAL STOCK MARKETS
      • Article
        Australia
        1018 12 +2.4 SHARES were slightly firmer at he close yesterday as concerns >ver the government's recent mdget overshadowed a record .lose on Wall Street. The All Ordinaries Index :losed 2.4 points firmer at !,038.8. The All Industrials fell ).8 to 3,081.3 and the All Re.ources rose 5.2 to 1,249.0. Turnover
        1,018 words
      • Article
        Manila
        616 12 +42.98 Sustained foreign buying, en.ouraged by the strong showing )f President Fidel Ramos' candidates in the elections, propelled share prices higher, The PSE Index vaulted 12.98 points at 2,732.27. Tumjver was 1.8 billion shares valjed at 3.1 billion pesos. "There was more foreign buying," said a trader. 'They relieve
        616 words
      • Article
        Seoul
        473 12 +1.32 Stocks were little changed after the central bank returned 800 billion won (Ssl.4 billion) to banks and institutional investors by buying repurchase agreements. The move ended five days of declines, as institutional investors used the cash to bid up large capitalisation shares. Gainers included exporter Samsung Electronics, the
        473 words
      • Article
        Taipei
        564 12 -36.16 Stocks registered a modest drop in cautious trading due to a lack of fresh incentives, with all eight major categories of shares posting losses. The 321-issue Weighted Price Index slipped 36.16 points to finish at 5,740.02. Turnover dwindled to 714 million shares worth NT529.96 billion. Falls outstripped rises
        564 words
      • Article
        New Zealand
        317 12 +8.8 Shares held on to their firmer tone to close higher but off its best levels for the day. The NZSE-40 Capital Index closed 8.8 points higher at 2,127.16 points, off its best for the day of 2,134.02. The leaders were mixed, with Telecom gaining three cents to
        317 words
      • Article
        Bombay
        87 12 -56.3 Stocks fell as fears of further violence spread following Thursday's destruction of a 500-year-old Muslim shrine in Kashmir. The shrine was destroyed by fire during a gun battle between Indian armed forces and Kashmiri militants fighting for a separate homeland. There is concern that some of the violence
        87 words
    • WORLD STOCK MARKETS
      • Article
        Amsterdam
        256 12 1.13 Dutch stocks rose on the back of the dollar's recovery, lifted by shares of international companies whose earnings fluctuate with the dollar-guilder exchange rate. Gains were led by Unilever NV, Akzo Nobel NV and KLM Royal Dutch Airlines. Lifted by a 1.3 per cent rise in insurer Aegon
        256 words
      • Article
        Frankfurt
        175 12 15.99 German stocks rose as exporters' shares advanced on hopes the dollar's gains against the mark will ease the currency-driven squeeze on their earnings. "All the dollar-sensitive >tocks were highly sought-af-ter today," said a trader. The action was in autos, machinery stocks, chemicals. The market just :ouldn't be dragged
        175 words
      • Article
        Brussels
        154 12 +16.13 Belgian shares eased very slightly from near session highs after news US consumer prices rose 0.4 per ;ent in April versus expectations of a 0.3 per cent rise. making any possible US rate cut look more unlikely. The Bel-20 Index closed up 16.13 points at 1,467.69, compared with
        154 words
      • Article
        Milan
        162 12 18 Italian stocks closed higher, pulled from an afternoon slump by rising bonds. "We were a pale shadow of the bond market today," said Andrew Shearn, a trader at Paribas. "We fell when bonds did, when they recovered when they did too." The Milan all-share Mibtel Index rose 18
        162 words
      • Article
        London
        832 12 -7.6 A SHARP surge on Wall Street around the close of London trade helped pull UK blue chips off their lowlevels and strategists expect the index to continue :onsolidating next week af:er reaching 14-month closing peaks. The FTSE-100 Index „*nded down 7.6 points at 3,310.3. It has risen nearly
        832 words
      • Article
        Paris
        161 12 +14.43 French shares dipped briefly after the publication of the US April consumer price index but then continued their week-long rally. The index left the psychologically important 2,000 level well behind as both the dollar and the franc posted gains while bond prices and money market rates eased. "There
        161 words
      • Article
        Stockholm
        117 12 +8.04 Swedish stocks rose close to a 16-month high as a strong dollar boosted Sweden's exporters, with pharmaceuticals and forestry shares like Pharmacia and SCA leading the rise. "Cyclical shares are back in fashion," said a trader. "The dollar strength is clearly a contributing factor to the increase." The
        117 words
      • Article
        Zurich
        233 12 +27.2 Swiss stocks rose, as shares of exporters such as food producer Nestle and watchmaker SMH benefited from the prospect of a dollar-led increase in earnings. The SMI Index of 23 stocks gained 27.2 points to 2728.2. Seventeen shares rose, one was unchanged and five fell. The broader-based SPI
        233 words
      • Article
        Johannesburg
        402 12 1.7 Shares ended a slow day's trade mostly firmer as a weak rand and mild gold price gains offered support, but industrials drifted off highs. Dealers said prices could be pushed higher next week if recent strong corporate results continued and gold, climbed further. Vaal Reefs was 750 cents
        402 words
      • Article
        Untitled
        719 12 Vienna May 12 !wii +T AUA 1540 55 Bank XuMria PS 348 unch CA-BV VZ XS 2 EVN ID) J Klugtutcn 472 4- I Leiuinf 870 68 loLim 42 J IJ M.Kuljn Hkl VZ 407 4- I) OEMV VZ 1067 f 7 VATrchnotugie 1167 10 Vcrtvchrr 2J9 I Veitwind Ailie
        719 words
      • Article
        New York
        703 12 +8.99 Stock prices turned narrowly mixed in active trading early yesterday as bonds partially recovered from opening losses triggered by news of a bigger-than-expec-ted rise in inflation at the retail level. The Dow Jones Industrial Average, which edged up 6.57 points on Thursday, was ahead 8.99 to 4,420.18
        703 words
    • Article, Illustration
      Lock icon HONGKONG
      2611 13 Bloomberg Business News HONGKONG Stocks rallied 192.17 points to close a week in which the Hang Seng Index, fuelled by massive buy orders placed by foreign investment funds, ended at 9,217.83, its highest point in six months. Convinced that lower US bond yields herald a period of rate stability
      Bloomberg Business News; Source: Bridge Info  -  2,611 words
    • Article, Illustration
      Lock icon CHINA
      551 13 CLSA IN Hongkong, the H share index lost 9.28 points to 1,156.54 on a turnover of HKSI69 million. Zhenhai Refining was the biggest loser, down 4.3 per cent. The Shanghai B shares rallied 1.6 per cent on imStroved buying interest rom local investors. Turnover was US$4.4 million. Due to
      CLSA  -  551 words
    • Article, Illustration
      Lock icon TOKYO
      2537 13 Bloomberg Business News TOKYO Stocks were mixed: exporters who are expected to benefit from a stronger dollar rose, while expectations that steel companies and utilities will report lower profits later this month sent those stocks down. Gains in electronics and car stocks big exporters offset the decline in steel
      Bloomberg Business News; Source: Bridge Info  -  2,537 words
    • Article, Illustration
      Lock icon BANGKOK
      1536 13 Reuter BANGKOK Stocks rose to their highest level since Jan S, led by financial issues, which leaped on expectations of strong profits following a poor first quarter. "The first quarter was a disaster," said an analyst. "The market has suddenly turned bullish." Renewed optimism about the dollar and a
      Reuter; Source: Bridge Info  -  1,536 words
    • Article, Illustration
      Lock icon JAKARTA
      1143 13 Reuter JAKARTA Share prices closed mixed due to profit-taking in relatively heavy trading despite the continuing flows of foreign funds into blue chip stocks, brokers said. "Foreign funds were seen continuing their inward flows, pushing several blue chips and property stocks to record highs," one broker said. But profit-taking
      Reuter; Source: Bridge Info  -  1,143 words
    • Article
      CLOB INTERNATIONAL
      2467 14 Gf Gr 1995 Last Vol Day Laat Quote Di» Dtv YU Net M Cap High Low Company Sale 0000) High Low Btiyer Seller Or P't $«U MALAYSIAN STOCKS 478 m MSB 50c 362 34 2488 364 334 362 366 3.0 -2.9 <U 37 1 127 77.} m AMDB
      2,467 words
    • KUALA LUMPUR STOCK EXCHANGE
      • Article, Illustration
        Lock icon Stocks at five-month high as banks lead gains
        6926 14 Bloomberg Business News KUALA LUMPUR Stocks rose to a five-month high amid expectations that banks will benefit from falling interest rates. "In this kind of market, people are looking at one thing: there's not going to be a rise in interest rates,"
        Bloomberg Business News; Source: Bridge Info  -  6,926 words
    • STOCK EXCHANGE OF SINGAPORE
      • Article
        Untitled
        8423 15 ,m< u, t Vol Day L« Quote Dh H< VU Nit Caa A»g Hit* Law Oompaa) Sale (tOO) High Law Buyer Seller Of Pit. Price INDUSTRIAL AND COMMERCIAL 482 382 m I Acma 50c 412 cd >4 415 424 406 410 4.2 22.5 2.7 8.6 568.0 40) 450 450 It
        8,423 words
      • Article, Illustration
        Lock icon Buyers still out in strength despite some profit-taking
        1903 16  -  By Paul Leo SINGAPORE Local stocks ended higher yesterday despite profit-taking an encouraging sign that the previous day's surprise 72-point rally was not just a flash in the pan. The Straits Times Industrials Index surged 45.80 points to a high of 2,210.40
        Charts by Bridge Info; Source: Bloomberg  -  1,903 words
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      440 6 NEWS VALUE JTC cuts waterfront rents to draw petrochem investments (pg I) Strong macro effect on economy, with shipyards the direct beneficiaries. Property and banking stocks boost S'pore market further (PR 1) Likely to stimulate the residential property market which is currently in a wait-and-see mode. Greenback makes strong comeback
      440 words
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      754 7 Organised jointly by: f ■■■■■I No-obligation l|Min| i Registration form I II 1 W§ I I i pJ P.I. C'jpital Research Semen I I M I I W II llm W Main Conference registration only JmS Futures r Please register me for the main conference only, Friday evening 30 June,
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      218 9 T j i ffi SHHNGHRI BUND k!I lireiii I i i i i I Io i e r I}|llK A 1 1 1 n r^j ,,i ti ''i''' l l -j- ~——--j J x SHANGHAI BUND INTERNATIONAL TOWER. As the 5! |H_ International Tower, you can reflect your position of
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      48 10 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, caM Customer Services Section on 1800-749-2577, and ask torhome or office delivery service.
      48 words
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      72 11 Financial News |Kjl| A Quick Look At The I Market I Call 24 hours a day for I SES KLSE midday I I reports, I I market reports and business news. Cost: 30 cents a minute Organised b y |||P|||}] ne An SPH AudioTex Scrvice Find a new owner for
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      20 11 As and when the latest London/ Rotterdam prices are not available, the previous trading day's closing figures are carried instead.
      20 words
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      101 14 *2 Stop by any Hong Leong Finance or Singapore Finance branch with your share scrips, allocation slips and contract notes. Period pjicouiiUtf- %pa >; Receive cash over the counter up to 70V of the current 1 month 0.9 10.89 market value or cap price (whichever is lower). 2 months 1.7
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      39 15 Indonesia Thailand Schroders' offices are in touch with all the major markets, jjjj^ Find out more about tKe ScKroder SoutK East Asia Fund, tke ScKroder Singapore Tru.t and tKe ScKroder Worldwide Property Fund by calling 534-4288 or fax 536-6626.
      39 words
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      271 16 in-depth 1 I "Ease BUSINESS HEWS FROM |§£j SINGAPORE "PERSPECTIVE For over two decades Singapore Business Sfll iHjS has covered the local and regional business scenes with more depth and breadth from J Mr/Mr s/Miss/Ms: Occupation: a perspective which is more relevant to company: local businessmen than any other d**
      271 words
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      441 16 BUSINESS TIMES TOLL —FREE TEL. No. 1-800-741-1883 FAX:74I-1298 EFFECTIVE RECRUITMENT ADVERTISING. ITSONLY A CALL AWAY.To adverse your AppuMitiimils or Notices, caN toll-free 1-800-741-1883 [Tba BtarmlU Timca This Announcement appears as a matter of record only WINGTAI WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) Issue of S $50,000,000
      441 words
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      159 16 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OP VIET TEE HOLDMGS PTE LTD (taMemtoera' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that pursuant to Section 308 of the Companies Act, Cap. 50. the Final Meeting of the members of the abovenamed
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  • Executive Lifestyle
    • Article, Illustration
      Lock icon Keeping mothers at home
      1785 17  -  Giving up a good career to stay at home and look after the babies is a job switch few women willingly make these days. Corinne Kerk finds out from four women who did just that how they coped Corinne Kerk TOMORROW is Mother's Day. For some,
      Illustration by Ben Cruz  -  1,785 words
    • STRAWS IN THE WIND
      • Article
        Poor directions
        66 17 A TAXI company organised an event to announce an expensive new system to track and despatch taxis. Unfortunately they got the most basic thing wrong they gave the wrong address for the launch. Instead «of Orchard Road, they had put it down as Grange Road. No wonder some
        66 words
      • Article
        Opposing views
        53 17 HERE'S the word from two gurus. Knight Frank says: "After price surges of the past 33 months, a consolidation is expected." But Richard Ellis thinks otherwise: "Barring any other unforeseen world crisis, market sentiment can only improve in the coming six months." So where is the residential property
        53 words
      • Article
        The best test
        49 17 ANIMAL rights activists who oppose testing cosmetics on animals should be comforted by the label on a bottle of Oil of Ulan foaming face wash. The label proudly proclaims it's been "allergy and dermatologist tested". Maybe that's why skin doctors always seem to have good skin?
        49 words
    • OPINIONS
      • Article, Illustration
        Commuters brace for start of school term
        666 18  -  LETTER FROM BANGKOK Disruptions from work on rapid transit system add to residents' woes as they prepare for onslaught of extra student traffic LOH HUI YIN THE end of summer school holidays is always viewed with a sense of foreboding by office workers
        666 words
      • Article, Illustration
        Hard to buy Keating's election budget
        1041 18  -  Peter Lynch finds that the figures don't add up to much Peter Lynch The writer is a Sydney-based journalist who contributed this article to BT THE markets couldn't quite understand it. Businessmen and foreign investors gave it nought out of ten. The Senate may
        1,041 words
      • Article, Illustration
        URA property price information more up to date than suggested
        281 18  -  LETTERS TO THE EDITOR Gillian Tan (Ms) Executive Administrative Officer for Chief Executive Officer and Chief Planner I rban Redevelopment Authority WE REFER to your article "Prices of private residential property up 2.7% in Ist qtr". published on May 9,
        281 words
      • Article
        Those who stand to gain from trading in warrants
        238 18  -  Denis Distant LAST MONTH, the price of OCBC 1995 warrants nosedived within a matter of days from $4.80 to $2.44 apparently when investors realised that the ceiling on foreign ownership of the bank's shares had been reached and so the warrants
        238 words
      • Article
        Umno-led Front matures into multi-racial winner
        949 18  -  Said Abdullah traces Malaysian coalition's rise Said Abdullah THE National Front's thumping victory at the April 24-25 Malaysian election is a vindication of the 14-party coalition's transformation from a grouping born of expediency in the aftermath of the May 13, 1969 race riots to
        949 words
    • PROFILE
      • Article, Illustration
        Lock icon Living in the truth
        2277 19  -  Czech President Vaclav Havel talks to Kevin Sullivan about life, liberty and the proper pursuits of a Bohemian playwright Kevin Sullivan CZECH President Vaclav Havel's first major address to his countrymen after he was swept to power in the bloodless revolution of 1989 was an elegant,
        Photo by Chris Loh  -  2,277 words
      • Article, Illustration
        Acceding to the will of the people
        586 19 THE separation of the Czech Republic from Slovakia, which took effect at midnight on Dec 31, 1992, was peaceful the Velvet Revolution gave way to a Velvet Divorce. The Czechs and Slovaks, in stark contrast to their southern neighbours in the former Yugoslavia,
        586 words
    • PERSONAL FINANCE & INVESTMENT
      • BULLS EYE
        • Article, Illustration
          Lock icon BT SENTIMENT INDEX (May 15-19)
          558 20 Those polled on their views of the Singapore stock market for the week ahead: Alliance, Baring, BZW. Daiwa Research. DBS Investment Research, Morgan Grenfell, Nomura, Ong Co. Phillip Securities Smith New Court. Buy! DBS Investment Research (May 12) STIC. STIC will enjoy above-market EPS growth
          Figures denote number of respondents  -  558 words
        • Article, Illustration
          In my opinion...
          338 20  -  Kevin Scully Research director Schroder Securities 4 HE RALLY in eqI uity markets in the .X. region this week has been spurred by the fall in the US 30-year bond yields to below 7 per cent. This suggests that interest rates in the US may have peaked
          338 words
      • Article, Illustration
        Lock icon Chance to grab slice of the action
        582 20  -  The Malaysia Equity Fund will be listed on the Singapore stock exchange soon. Paul Leo offers some pointers Paul Leo DAIWA Singapore's Malaysia Equity Fund (MEF), due for listing on the local bourse soon, offers an avenue for investors seeking participation in Malaysia's
        Source: Dicam  -  582 words
      • Article, Illustration
        How to handle this raging bull
        823 20  -  THE WEEK By Quak Hiang Whai ARE the bulls finally back? How should investors act? Try asking 10 gurus these questions and chances are that you will get 11 opinions. In a sudden burst of activity, the Singapore market staged the strongest rally in
        823 words
      • Article, Illustration
        Lock icon Market sentiment's likely to stay positive in the short term
        635 20  -  Eye on Indonesia By Andrew Pearson The writer is research director of PT Peregrine Sewu Securities THE sharp rise in shares in the past few days shows how sentiment can change almost overnight. The market has come up from near
        Source: Bridge Info  -  635 words
      • Article
        UNIT TRUST
        806 20 Launch 1 mth 3 mths 6 mths 1 yr 2 yrs 3 yrs Ranking m il May 8. WW S 5 5 Singapore Straits limes -9.72 -2.44 -13.46 -MJ3 5 ,?>;? Credit Lyonnais Singapore Gr 28.07.69 -2.44 10 5.01 I -19.08 9 -14.04 9 35.95 115.12 I (X'BC
        806 words
      • Article, Illustration
        A short guide to estate duty
        1270 21  -  There are many advantages to making out a will, writes Tan Kok Quan Tan Kok Quan The writer is a partner with a Singapore law firm Succession law in Singapore is a system of probate and administration law that is English in origin, but
        1,270 words
      • Article, Illustration
        Lock icon Will the Hang Seng index do a Nikkei?
        528 21  -  The Hongkong stock market is in for a nosedive if spooky similarities between the Hang Seng and Nikkei movements are anything to go by. Quak Hiang Whai reports Quak Hiang Whai SPOOKY similarities between the movements of the Hang Seng index today
        Source: Barron's  -  528 words
      • Article, Illustration
        Is the Wall Street bull senile?
        425 21  -  Many observers say Wall Street is overpriced. Quale Hiang Whai looks at a contrarian view Quak Hiang Whai CONTRARY to many observations that the bull market on Wall Street is ageing and going senile. Morgan Stanley's strategist Barton M. Biggs feels that it is
        425 words
      • Article
        A scheme to interest senior citizens
        441 21  -  By Soh Tiang Keng KEPPEL Bank has introduced a hybrid savings scheme for senior citizens who want the best of both worlds. Its Seniorate Deposit Account the first of its kind in the Singapore market combines the features of a savings account and the
        441 words
    • Article, Illustration
      Delicious Cuban concoction
      643 22  -  ASMAJM D AL/1/MAiC unema itcvicws By SUSAN TSANG WE'VE got a middle-aged homosexual with his eye on a hunky ideologue. Most of the action takes place in a small, enclosed area, in a land where they speak Spanish. When you think about it, Strawberry and Chocolate sounds
      643 words
    • Article, Illustration
      Lots of sound and fury
      718 22 ROGER Avary, who co-scripted Pulp Fiction and True Romance with Quentin Tarantino, splashes out on his own with Killing Zoe, which also marks his directorial debut. However, it looks like he's sinking in the attempt. Killing Zoe does not depart from the norm that Avary
      718 words
    • Article, Illustration
      Lock icon A celebration of music A celebration of music
      923 22  -  Audrey Perera attends a people-friendly, music-friendly fest that's taken Europe and Australia by storm Audrey Perera ADELAIDE. February 1995. It looked like what you'd imagine Woodstock to have been, but without the booze and the drugs. Just beads, batik sarongs. turbans, bare
      Australian Tourism Commission; South Australian Tourism Commission  -  923 words
    • Article, Illustration
      The end of a civilisation
      849 22  -  Book Review By KEVIN SULLIVAN Fingerprints of the Gods By Graham Hancock William Heinemann. $25.65 THIS hefty tome (500 pages of text and 55 pages of notes) advances the theory that around 14.500 years ago. an advanced civilisation in Antarctica was destroyed when the continent
      849 words
    • Article, Illustration
      Finding a new voice
      604 23  -  CD Review By SHAHIRON SAHARI Terence I rent D'Arby's Vibrator D ARBY has long been compared with Prince, both for his style of singing and for the songs he writes. Such comparisons. though, do nothing for either artiste because besides the fact that both play a
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    • Article
      An endless round of festivals
      457 23  -  Audrey Perera ev Perera is a freelance writer who contributed this article to Executive Lifestyle. CLOSE your eyes and jab your finger at any date in the calendar and you can safely bet that somewhere in Australia, a festival is in progress. It's often said
      457 words
    • SPORTS
      • Article, Illustration
        Lock icon Black Magic makes it 4-0 in style
        387 24 America's Cup NYT SAN DIEGO As if wanting to get in on the winning action, a school of dolphins joined New Zealand's Black Magic 1 on Thursday in its latest America's Cup victory. Swooping and diving in the open sea beside the jet-black
        NYT; Reuter  -  387 words
      • Article
        Lock icon Pacers down Knicks; Suns beat Rockets
        553 24 NBA playoffs Reuter NEW YORK Reggie Miller scored 26 points, including a soaring two-handed dunk with 41 seconds left in overtime, as the Indiana Pacers held off a furious rally for a 97-95 victory over the New York Knicks and a 2-1 lead in
        Reuter  -  553 words
      • Article
        Lock icon Glen Day takes lead with career-best show
        286 24 AFP IRVING, Texas Glen Day, seeking to make his mark in his second year on the US PGA Tour, carded a seven-un-der-par 63 here on Thursday for a one stroke lead after one round of the Byron Nelson Classic. Day. who thought he
        AFP  -  286 words
      • SPORT SHORTS
        • Article, Illustration
          Lock icon Baseball
          56 24 AP NEW YOKk Thursday's games. American league: Detroit 8. Milwaukee 0; Oakland 3. Seattle I; Baltimore at Boston (postponed, rain): Texas 6. California 2; New York 12. Toronto 11. National league: Montreal 13. Philadelphia I; Houston 12. Pittsburgh 4; Colorado 10. San Francisco 4; Cincinnati 3. Florida 1(15 innings):
          AP  -  56 words
        • Article, Illustration
          Lock icon Basketball
          32 24 Reuter NEW YORK NBA semi-final playoff games on Thursday I-.astern Conference: Indiana 97 New York 95 (Indiana leads best-of-seven series 2-1); Western Conference: Phoenix 118 Houston 94 (Phoenix leads 2-0). Reuter
          Reuter  -  32 words
        • Article, Illustration
          Lock icon Golf
          166 24 AFP Reuter IRVING, Texas I reading firstround scores on Thursday in the L'SSI.3 million Byron Nelson Classic (LS unless stated): 63 Glen Day 64 Jay Don Blake. Mark Calcavecchia 65 Joe Ozaki (Jpn). DA Weibring. Chris DiMarco. Robin Lee Freeman. Kenny Perry. Ray Stewart. Doug Martin 66 Craig Stadler.
          AFP; Reuter  -  166 words
        • Article, Illustration
          Lock icon Ice hockey
          46 24 Reuter NEW YORK NHL first-round playoff Kernes on Thursday, Western Conference: Chicago 3 Toronto 2 (Toronto leads best-of-scvcn scries 2-1): Detroit 5 Dallas I (Detroit leads 3-0); Calgary 9 San Jose 2 (San Jose leads 2-1); Vancouver 6 St Louis I (Vancouver leads 2-1).
          Reuter  -  46 words
        • Article, Illustration
          Lock icon Soccer
          57 24 AFP LONDON Jurgen Klinsmann said on Thursday he was leaving Tottenham Hotspur for Bayern Munich next season. The German international, who joined the London club from French side Monaco last year, has signed a three-year contract with Bayern. the outgoing German champion. He was voted player of the year
          AFP  -  57 words
        • Article, Illustration
          Lock icon Table Tennis
          194 24 Reuter I lAN J IN, China World Championships yesterday. Men's 4th rd: Ding Song (Chn) bt Jorgen Persson (Swe) 21-13 18-21 17-21 25-23 21-18; Liu Guoliang (Chn) bt JanOvc Waldner (Swe) 21-17 22-20 16-21 17-21 21-19: Vladimir Samsonov (Bela) bt 8-Jorg Rosskopf (Ger) 22-20 15-21 15-21 21-13 21-16;
          Reuter  -  194 words
        • Article, Illustration
          Lock icon Tennis
          223 24 Reuter AFP AP HAMBURG, Germany The inquiry into Boris Becker's implied claim that Thomas Muster used drugs to win the Monte Carlo Open will take three to six weeks to complete, it was revealed on Thursday. Mark Miles, director of the Association of Tennis Professionals. said the disciplinary proceedings
          Reuter; AFP; AP  -  223 words
    • PEOPLE
      • Article, Illustration
        Canadian corporate culture
        222 24 WHEN Canadian company SNC-Lavalin Group Inc decided to set up shop in Singapore, they brought along not only their expertise and capital, they also introduced a piece of Canadian culture here. Canada's premier dance troupe. Les Ballets Jazz dc Montreal, came to town for performance on April
        222 words
    • TIME OFF
      • Article, Illustration
        Entertaining investor interest
        649 25  -  Shahiron Sahari on the drive by Studebaker's International to attract investors in the region Shahiron Sahari Entertain ment company Studebaker's International is inviting investors to share in its future growth, says chairman James Weschler. Studebaker's International, which runs the Studebaker's nightclub here and several other clubs in
        649 words
      • Article
        PERFORMANCES
        473 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 in a half-mask and a soprano who gets caught up in events. Harold Prince directs this version. Until May 20. Bpm at Kallang
        473 words
      • Article, Illustration
        EXHIBITIONS
        719 25 Works on Paper Australia's Arthur Boyd and Donald Friend will exhibite some of their paintings in Singapore for just two days. May 13 and 14. 10am to 4pm at the Australian High Commission. 25 Napier Road Admission is free. Reincarnation of "Wastra-Wali" in Paintings Exhibition by Balinese artist Ngurah
        719 words
      • Article, Illustration
        TALKS/COURSES
        446 25 The Road to a Successful Relationship Just what does it take to make a success of your relationships? How does one begin a relationship in the first place? What are the medical, social and economic factors affecting a modern relationship where sometimes love just isn't enough? May 20. 2pm
        446 words
      • Article
        MISCELLANEOUS
        223 25 A Decade of Awareness The women's group Aware will be launching an annual award series called the Friend of Women award, which will publicly acknowledge an individual or organisation that made an outstanding contribution in the past year to improving the lives of Singapore women and their families. To
        223 words
      • Article
        AT THE SUBSTATION
        27 25 The Sub's Square A bazaar with artefacts and collectibles at bizarre prices. Check them out. Every Sunday. I lam to spm at the Garden.
        27 words
      • 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
        Doubling the success rate
        641 26  -  Bon Appetit By JAIME EE SUCCESSFUL restaurants are like box-office movie hits first chance they get, a sequel will come along. In just the past few weeks, Fratini il Ristorante and Olio Dome have opened new outlets in the Central Business District to cash in on
        641 words
      • Article, Illustration
        Herbal goodness for the health conscious
        557 26  -  By SUSAN TSANG FEELING a little off-colour lately? Try "The Chinese Art of Healthy Eating". This food promotion, which took almost two years to create, is on from tomorrow until June 18 at Xin Cuisine. The restaurant at the Concorde Hotel is known for
        557 words
      • Article
        The arbiters of what's in
        733 26  -  Wine By N K YONG ONE of the Oxford Dictionary's definitions of fashion is "prevailing, usually transient, custom". The influence of fashion in wine is considerable today, almost entirely due to the power of the media. Wine today is fashionable, fashion is big business and
        733 words
    • Article, Illustration
      CINEMA
      990 28 BKndfoM: 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: 11.30; 1.30; 3.30; 5.50; 7.30; 9.30. Bugs Street An innocent Malaysian girl (Hiep Thi Le of Heaven And Earth) loses her job as
      990 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      240 17 r 1/ r 18K soiid gold r*4»x.*w«**..*%mm#m****«***« m *r m m is OCot all cuorJts of 18 carat gold and 'chased' with the 4 A A/~ A A help of 18th century tools, so no two art that appreciate r J J timepieces are the same. over time are created
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      33 24 moVemen^S Of filially terrified Chroaoiacter GMT Auiomaiic. Raymond Weil Showroom and Service Centre. Awsauic Chronograph I Ref. 2990STG 5J2.870 00 #02-09 Rafllej Hotel Arcade. Singapore 0718 Tel: 339 3218 Ref. 7790STG 552.87Q.00. I
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      64 26 tluDKtarr of *ir Zcn» P* UDf BOOK NOW for the KTV Rooms special promotion (For reservation please call *****36) Company Party Product Launch Dinner Dane* Of just anything you can imagine. We got everything you need to make your event a memorable one.^^^^Bßp^ The Entertainment Zone 101 Thomson Road #81
      64 words
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      Page 26 Advertisements Column 2
      384 26 WHERE TO WINE, DINE AND ENTERTAIN EAT-ALL-YOU-CAN BBQ at Melia. fCome on down with the whole family to EL PATIO Coffeehouse for a sumptuous, mouth watering BBQ buffet spread Price: $26.00+++ (Adult) $12.50+++ (Child) I Hf" HOTEL MEIJA AT SCOTTS TEL *****85 FAX *****32 I I wparmw IF mkfo Jf
      384 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      314 27 No. l in the .USA-. TH€ MOST fIUTH€NTIC ITAUfIN PflSTfi PIZZA IN TOWN Pasta flll-TIIHE ITAUfIN FAVOURITES... ...NEARERTO THEIASTJK PASTA FRISCA DA SALVATORK PTI LTD JOEIY vssass ISOfrd«4l«J9mNmnlnMiSoftLml4«oW3)W:7Jso37J/*****75 77 Uyyf ElC—t rtl-01/M VIS4SIU MISSW/HHOM First Impresssion The First Impression Bottles of selected liquor entertains nightly, except are available at special
      314 words
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      Page 27 Advertisements Column 2
      392 27 "UC>iyh Qea itarix at Qfloon Don'l miss our drliciuuK High lea Buffet available from J1 uuun lo SpJIl every weekend. I'rice: >13.H0 (adult) VB.BU (child) A La Carte Menu it. alt»o available. All ptuvt .iri- Mibjtvl lo 111* M.TVKI' k h<it>;o, l'> pmtwnnl U» jihl WIM IjC J£ KIJD U™*
      392 words
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      Page 27 Advertisements Column 3
      391 27 WHERE TO WINE, DINE AND ENTERTAIN Kfor r May Make it a perfect Mother's Day at Plaza Hotel. Special Mother's Day Buffet Lunch and Dinner at Cafe Plaza: $19 (Adult) $12 (Child) Mother's Day Set Menus at Seafood Theatre Restaurant from $168 $498 or Feast-All-You-Can Lunch: $25 (Adult)/$l7 (Child) and
      391 words
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      Page 27 Advertisements Column 4
      348 27 Celebrating Fish Let's drink to fish. Bouillabaisse or Tom Yam? Top of the H celebrates fish with a lunch buffet of every imaginable fish recipe. Salmon, sole. "Iqd snapper, sea bass... If it can be caught. It can be Qftfle cooked. And we know all the delicious ways. 711 Continental
      348 words
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  • Page 28 Miscellaneous
    • Miscellaneous
      Page 28 Miscellaneous Column 1
      2240 28 TODAY'S TV —pj l I > 'W M18i1—6.30 Motrvasi Senaman. HBTTJTnT7fI|H 1 [I] 7.00 B«rita Semasa, abn. 7.30 Isu Semasa. 900 Berita Semasa Aduh Aduh, Mana Tahan, Inquiring Minds, 7pm, Ch 12 10.02 Rice Mice. 3.45pm, Ch 12 How do optical illusions fool 10.30 Biker Mice. This Malay musical is
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